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Home My WebLink AboutRESOLUTION 2026-007 N.C.S. 01-05-2026 Resolution No. 2026-007 N.C.S. Page 1 of 2 Resolution No. 2026-007 N.C.S. of the Petaluma Community Development Successor Agency RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PETALUMA ADOPTING A JULY 1, 2026– JUNE 30, 2027, RECOGNIZED OBLIGATION PAYMENT SCHEDULE AND ADMINISTRATIVE BUDGET PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177(l) WHEREAS, the City of Petaluma (City) resolved to act as the Petaluma Community Development Commission Successor Agency (PCDSA) to, and assumed all rights and obligations of, the former Petaluma Community Development Commission (PCDC), by Resolution No. 2012-03; and WHEREAS, the City Council established the PCDSA as an independent public entity pursuant to Health and Safety Code Section 34173(g), on August 6, 2012, by Resolution No. 2012-118 N.C.S.; and WHEREAS, the liability of the PCDSA is limited pursuant to Health and Safety Code Section 34173(e) and other applicable law; and WHEREAS, the PCDSA was required to adopt a six-month enforceable obligation payment schedule referred to as the Recognized Obligation Payment Schedule (ROPS), and an administrative budget, which it has done for each of the initial six-month periods of the newly formed PCDSA; and WHEREAS, newly adopted legislation requires a yearlong period for the ROPS; and WHEREAS, the ROPS 26-27 and administrative budget, covering the period from July 1, 2026 – June 30, 2027, are due to the State Department of Finance (DOF) by February 1, 2026; and WHEREAS, in adopting ROPS 26-27, the PCDSA will comply with all applicable posting and notification requirements, including posting the ROPS 26-27 on the PCDSA’s website and providing a copy thereof to the Oversight Board for the PCDSA, the County Administrative Officer, the Department of Finance, and the Sonoma County Auditor-Controller; and WHEREAS, the Oversight Board for the PCDSA must review and approve the ROPS 26-27 and administrative budget prior to their submission to DOF; and WHEREAS, the Sonoma County Consolidated Oversight Board was established on July 1, 2018 to approve the ROPS for the PCDSA; and WHEREAS, a draft ROPS 26-27 and administrative budget for the period July 1, 2026 – June 30, 2027, a copy of which is attached as Exhibit A & B, and made part hereof, has been presented to the PCDSA, the PCDSA is familiar with the contents thereof, and the Executive Director has recommended approval of the same, subject to the contingencies and reservation of rights set forth in this Resolution; and WHEREAS, the PCDSA reserves the right to challenge the legality of Assembly Bills x1 26 and 1484 and/or any implementing regulations, and to rescind its acceptance of PCDSA rights and obligations, and reserves any and all rights concerning Assembly Bill x1 26 and AB 1484 pursuant to applicable law; and WHEREAS, the PCDSA reserves the right to further amend the ROPS 26-27 and administrative budget; and WHEREAS, in adopting the ROPS 26-27 and administrative budget, the PCDSA does not intend to waive, nor shall the PCDSA be deemed to have waived, any rights the PCDSA may have pursuant to or in connection Docusign Envelope ID: F4AC9F28-53A4-4630-908C-EB4A52B209AE Resolution No. 2026-007 N.C.S. Page 2 of 2 with any obligation listed on the ROPS 26-27 and administrative budget, including without limitation, the right to modify, amend, terminate or challenge any obligation listed on the ROPS 26-27 or the administrative budget; and WHEREAS, this action is exempt from the requirements of the California Environmental Quality Act (CEQA) in accordance with CEQA Guidelines Section 15378(b)(4)&(5), in that adopting a resolution for the ROPS 26-27 does not meet CEQA's definition of a “project,” because the action is a fiscal activity which does not have the potential for resulting in either a direct physical change in the environment or a reasonably foreseeable indirect physical change in the environment, and because the action constitutes organizational or administrative activities of governments that will not result in direct or indirect physical changes in the environment. NOW, THEREFORE, BE IT RESOLVED that the Petaluma Community Development Successor Agency, Pursuant to Health and Safety Code 34171(I), hereby: 1. Finds that the Recitals set forth above are true and correct and are incorporated herein by reference. 2. Approves the Recognized Obligation Payment Schedule for the July 1, 2026 – June 30, 2027 (ROPS 26-27) and the administrative budget, attached hereto as Exhibit A & B, pursuant to Health and Safety Code section 34177(l), subject to all reservations of rights and contingencies set forth above. 3. Authorizes and directs the Executive Director or his designee to take all actions necessary to implement this Resolution, including without limitation, the submission of the draft ROPS 26-27 simultaneously to the Sonoma County Consolidated Oversight Board, the Sonoma County Administrative Officer, the Sonoma County Auditor-Controller, and the State Department of Finance; and the posting of this Resolution and the Recognized Obligation Payment Schedule 26-27 on the PCDSA’s website. 4. Declares that if any provision, sentence, clause, section, or part of this Resolution is found to be unconstitutional, illegal or invalid, such finding shall affect only such provision, sentence, clause, section or part, and shall not affect or impair any of the remainder. Under the power and authority conferred upon this Council by the Charter of said City. REFERENCE: I hereby certify the foregoing Resolution was introduced and adopted by the Council of the City of Petaluma at a Regular meeting on the 5th day of January 2026, by the following vote: Approved as to form: __________________________ City Attorney AYES: McDonnell, Barnacle, Cader Thompson, DeCarli, Nau, Quint, Shribbs NOES: ABSENT: ABSTAIN: ATTEST: ______________________________________________ City Clerk ______________________________________________ Mayor Docusign Envelope ID: F4AC9F28-53A4-4630-908C-EB4A52B209AE A $ B C D E $ F G H $ D E L N O P Q S T V W Bond Proceeds Other Funds RPTTF Admin RPTTF Reserve Balance Other Funds RPTTF Admin RPTTF $-$-$-$-$-$-$-$-$-$- 7/1/2026 06/30/2027 ---52,250 $ 52,250 --52,250 52,250 03/01/2015 05/01/2033 -- 629,209 - $ 629,209 -- 636,749 -636,749 03/01/2015 05/01/2033 -- 700,638 - $ 700,638 -- 715,644 -715,644 08/01/2017 11/01/2039 -- 879,222 - $ 879,222 -- 430,422 -430,422 2,261,319 1,835,065 Item # Notes/Comments 39 46 47 53 6 Ending Actual Available Cash Balance (06/30/24) C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5) $-$-$-$-(232,650) Petaluma Recognized Obligation Payment Schedule (ROPS 26-27) - Notes July 1, 2026 through June 30, 2027 4 Retention of Available Cash Balance (Actual 06/30/24) RPTTF amount retained should only include the amounts distributed as reserve for future period(s) - 5 ROPS 23-24RPTTF Prior Period Adjustment RPTTF amount should tie to the Agency's ROPS 23-24 PPA form submitted to the CAC No entry required 2 Revenue/Income (Actual 06/30/24) RPTTF amount should tie to the ROPS 23-24 total distribution from the County Auditor-Controller --5,381,711 3 Expenditures for ROPS 23-24 Enforceable Obligations (Actual 06/30/24) -5,381,711 1 Beginning Available Cash Balance (Actual 07/01/23) RPTTF amount should exclude "A" period distribution amount. ---(232,650) ROPS Cash Balances (07/01/23 - 06/30/24) Fund Sources Comments Bond Proceeds Reserve Balance Other Funds RPTT FBonds issued on or before 12/31/10 Bonds issued on or after 01/01/11 Prior ROPS RPTTF and Reserve Balances retained for future period(s) Rent, grants, interest, etc. Non- Admin and Admin Petaluma Recognized Obligation Payment Schedule (ROPS 26-27) - Report of Cash Balances July 1, 2023 through June 30, 2024 (Report Amounts in Whole Dollars) Pursuant to Health and Safety Code section 34177 (l), Redevelopment Property Tax Trust Fund (RPTTF) may be listed as a source of payment on the ROPS, but only to the extent no other funding source is available or when payment from property tax revenues is required by an enforceable obligation. A B C D E F G H 53 TAB-2017 Tax Allocation Bonds U. S. Bank Bonds issued to fund non-housing projects PCDC Merged 26,420,000 N -- 47 TAB-2015B Tax Allocation Bonds U. S. Bank Bonds issued to fund non-housing projects PCDC Merged 5,270,000 N -- 46 TAB-2015A Tax Allocation Bonds U. S. Bank Bonds issued to fund non-housing projects PCDC Merged 12,290,000 N -- 39 N/A Petaluma Community Development Successor Agency Administrative Costs PCDC Merged 104,500 N -- $-$-$- ROPS 26-27A (Jul - Dec)26-27A Total ROPS 26-27B (Jan - Jun) 26-27B Total Fund Sources Fund Sources Reserve Balance Bond Proceeds Item # Project Name Agreement Execution Date Agreement Termination Date Payee Description Project Area Total Outstanding Obligation Retired Petaluma Recognized Obligation Payment Schedule (ROPS 26-27) - ROPS Detail July 1, 2026 through June 30, 2027 A B F G H I J M R Certification of Oversight Board Chairman: Name Title Pursuant to Section 34177 (o) of the Health and Safety code, I hereby certify that the above is a true and accurate Recognized Obligation Payment Schedule for the above named successor agency./s/ Signature Date Administrative RPTTF 52,250 104,500 Current Period Enforceable Obligations (A+E) $ 2,261,319 $ 1,835,065 4,096,384 52,250 Redevelopment Property Tax Trust Fund (RPTTF) (F+G) 2,261,319 1,835,065 4,096,384 RPTTF 2,209,069 1,782,815 3,991,884 Reserve Balance - Other Funds - Enforceable Obligations Funded as Follows (B+C+D) $ - $ - $ - Bond Proceeds - Recognized Obligation Payment Schedule (ROPS 26-27) - Summary Filed for the July 1, 2026 through June 30, 2027 Period Successor Petaluma C o u Sonoma Current Period Requested Funding for Enforceable Obligations (ROPS Detail) 26-27A Total (July - December) 26-27B Total (January - June) ROPS 26-27 Total Docusign Envelope ID: F4AC9F28-53A4-4630-908C-EB4A52B209AE Exhibit B PETALUMA COMMUNITY DEVELOPMENT SUCCESSOR AGENCY Administrative Budget FY 2026-2027 ROPS 26-27 FY 26-27A FY 26-27B Total for Year Admin charges (wages, etc) $ 39,700 $ 39,700 Professional Service/Audit 10,000 10,000 Office Supplies 500 500 Bank/Trustee fees/Financial oversight 2,050 2,050 $ 52,250 $ 52,250 $ 104,500 Docusign Envelope ID: F4AC9F28-53A4-4630-908C-EB4A52B209AE