HomeMy WebLinkAboutStaff Report 4/25/2012 AGENDA:
PETALUMA OVERSIGHT BOARD
TO THE SUCCESSOR AGENCY OF THE FORMER
PETALUMA COMMUNITY DEVELOPMENT COMMISSION
April 25, 2012 9:00 A.M.
Petaluma City Hall: Council Chambers
11 English Street, Petaluma,:CA 94952
(707) 778-4549 /:Fax (707) 778-4586
1. ROLL CALL and Introductions of Committee Members and Staff:
Grant Davis; Scott Duiven; Mike Healy; Steve Herrington; Kate Jolley; David Rabbitt;
John Scharer
2. OATH OF OFFICE:
A. Administer oath of office
3. ELECTION OF OVERSIGHT BOARD CHAIR AND VICE-CHAIR:
A. Members of the Oversight Board shall nominate and elect a Chair and a Vice Chair who
will serve in the absence of a Chair
4. PUBLIC COMMENT: The Committee will hear public comments only on matters over
which it has jurisdiction. There will be no Committee discussion or action. The Chair will
allot no more than three minutes to any individual. If more than three persons wish to speak,
their time will be allotted so that the total amount of time allocated to this agenda item will
be 15 minutes.
5. ESTABLISHMENT OF RULES OF PROCEDURE:
A. Adopt by motion, Rosenberg's Rules of Order as the Board's Rules of Parliamentary
Procedures. (Alverde)
6. ESTABLISHING DATE/TIME/LOCATION OF OVERSIGHT BOARD MEETINGS:
A. Adopt resolution setting dates, time and location of future meetings.
Page 1
7. DESIGNATION OF DEPARTMENT OF FINANCE CONTACT'FOR OVERSIGHT
BOARD:
A. ,Staff recommends Ingrid Alverde, Economic Development & Redevelopment Manager
as the contact person for the Department of Finance's inquiries regarding Oversight Board
actions.
8. OVERVIEW OF BOARD ROLE AND PROCEDURES:
A. Staff presentation (Alverde)
9. CONFLICT OF INTEREST CODE
A. Adopt a resolution approving a Conflict of Interest Code for the Oversight Board.
(Alverde)
10. APPROVAL OF SUCCESSOR AGENCY BUDGET AND REVIEW, DISCUSS,
CONSIDER AND APPROVE. RECOGNIZED OBLIGATION PAYMENT
SCHEDULE (ROPS):
A. Adopt a resolution approving the,ROPS and the Successor Agency administrative budget.
(Alverde/Castellucci)
11. ADJOURNMENT
For accessible meeting information,
please call (707) 778-4360 or
TDD (707) 778-4480
In accordance with the Americans with Disabilities Acts if you require special assistance to participate in this
meeting, please contact the City Clerk's Office at (707) 778 4360 (voice) or (707) 778-4480 (TDD). Translators,
American Sign Language interpreters,and/or assistive listening devices for'individuals with hearing disabilities will
be available upon request. A minimum of:48 hours-is needed to ensure the availability of translatiomservices. In
consideration of those with multiple-chemical.,sensitivities or other environmental illness, it is requested that you
refrain from wearing scented products. The City Clerk hereby certifies that this agenda has been•. posted in
accordance with the requirements of the Government Code.
Please Note: In accordance with Government Code §54957.5, any materials of public record relating"to,an;agenda
item for a regular meeting of the Petaluma Oversight'Board:that-.are.provided'to'a majority of the'members less
than 72 hours before the meeting will`be--made available at the City Clerk's Office, I I English Street,during:,normal
business hours. Materials:ofpublic record that are distributed during the meeting shall be made available for public
inspection.at the.meeting'if Prepared by the City or a member of its legislative/advisory body, or the next business
day after the meeting if prepared by some other person.
Page 2
Item # 5
Oversight Board to•the Successor Agency
of the Dissolved
Petaluma Community Development Commission
•
DATE: April 25, 2011
TO: Members of the Oversight Board
FROM: Ingrid Alverde, Economic Development & Redevelopment Manager
SUBJECT: Establish Rules of Procedure for the Oversight Board
RECOMMENDATION
It is recommended that the Board adopt by motion, Rosenberg's Rules of Order as the Board's
rules of parliamentary procedure.
DISCUSSION
In addition to the board's required compliance with the Ralph M. Brown Act, staff is
recommending the Board, by minute motion, adopt Rosenberg's Rules of Order (Attachment 1)
as the governing parliamentary procedure for the Board. Although staff expects the Board to
operate in a relatively informal manner, these parliamentary rules adapted and simplified from
Robert's Rules of Order are appropriate to guide the making of motions, taking votes, etc.
ATTACHM ENTS
I. Rosenberg's Rules of Order
•
Dave
R . . sem 4... •r 4.11
S,UP,ERIOR;;COUR EJUDGE.'
\z„.
"Rosenberg's Rules of Order, Revised"
(Simple Rules,of'Parliamentary Procedure for the 21st Century)
Sy Judge=Dave Rosenberg
(First Revision dated July 2011)
Introduction
The rules of procedure at meetings should be simple enough.for most,people to understand.
Unfortunately, that has not always,been the case. Virtually all clubs,associations; boards,
councils and bodies follow a set of rules -"Robert's Rules of Order" - which are embodied in a
small, but complex, book. Virtually no one I;_know has actually read this book cover to cover.
Worse yet, the book was-written foranother time, and for another purpose. If one is chairing or
running a Parliament, then'"Roberts Rules of Order" is a dandy and quite useful handbook for
procedure in that-complersetting. On the other hand, if-oneqis.runninga meeting of, say, a 5-
member body with a few members of the public'in attendance, a simplified version of the rules
of parliamentary procedure is,in"order.
Hence, the birth of"Rosenberg's Rules of Order."
What follows is my version of the rules of parliamentary procedure, based on my 20 years of
experience chairing meetings in state and local government, These rules have been simplified
for the smaller bodies we chair or in which we participate, slimmed down for the 21st Century,
yet retaining the basic tenets of order to which we have grown accustomed. Interestingly
enough; Rosenberg's Rules has found a welcoming,audience'. Hundreds of cities, counties,
special districts, committees, boards,commissions; neighborhood associations and private
corporations and companies have.adopted Rosenberg's Rules in lieu of Robert's Rules because
they have found then' practical, logical, simple, easy to learn, and user friendly.
This treatise on Modern parliamentary procedure is built on a foundation supported by the
following four pillars:,(1) Rules should establish order. The first purpose of rules of
parliamentary.procedure is to establish a framework for the orderly conduct of meetings. (2)
Rules should.be clear.'Simple rules lead to wider understanding and participation. Complex
rules create two classes: those who understand and participate; and those who do not fully
understand-and do not fully participate. (3).Rules should be user friendly. That is the rules
must be simple'enough'that the public is invited intolthe body and feels that it has participated
in the process..(4) Rules should enforce the will of the majority,while protecting the rights of
the minority. The ultimate purpose of rules of procedure is to encourage discussion and to
facilitate'decision;making by the body. In ar'democracy, majority rules. The rules must enable
the majority to express itself and fashion a result, while permitting the minority to also express
itself, but not dominate, and fully participate in the process.
Establishing a Quorum
The starting point for a meeting is the establishmenbofa quorum. A quorum.is defined asithe
minimum number of members of the body who must be:present,at a meeting"fore business to
be legally'transacted: The default rule is that a quorum is,one',more than half the,body..Soy for
example, in afive-member body aquorum,is three. When the body has three.members
present, it can legally transact business. If the body.has,less than a quorum'of members
present, it cannot legally`transacbbusiness. And even if the;;body'hasAa quorum to begin the
meeting, the body can lose the quorum.during the meeting when a member departs (or even
when a member leaves the dais), and when that occurs the body loses its ability to transact
businessuntil'and unless a quorum:is reestablished.
Thedefault rule, identified above;,however,.gives way.to'a specific ruleof the`bodywhich
establishes a quorum.-So, for example; the rules of a particular five-member may:indicate
that a quorum''is four.membersfor that particular body. The-body must follow the;rules'ithas.
established for its quorum. In the absence of such a specific rule, the quorum:is one more:than
half the members of the body.
The Role of the Chair
While:all membersof the body should know and understand the rulesofparliamentary
procedure, it is the Chair of the body'who is charged with applying`the rules inl the;conduct of
the meeting. The Chair should be well versed in,those rules. The Chair, for all intents and
purposes, makes the final ruling on the rules every time the Chair states an action.'In fact,all
decisions by the Chair are final unless overruled`by the'body itself:
Since the Chair runs the conduct orthe meeting,it is usual courtesy.forthe Chair'to;playa less
active role'in the debate'and discussion than other membersiof the body. This does not mean
that Chair should not participate in the debate'or discussion. To the contrary„the Chair as a
member of the body has the full right,.to;participate in the debate, discussion and"decision-
making of the body. What the Chair should do; however, is strive to be the last to speak at the
discussion and'debate.stage, and'the Chair should not make or second a motion unless the
Chair is convinced that..no other member of the body do.so at that point intime.
The Basic Format for:an:Agendal Item Discussion
Formal meetings normally have a written, often published.-agenda. Informal.meetings.may,
have an oral or understood,agenda. In either case; the meeting is governed;by the-agenda
and the agenda constitutes:.the body.'sagreed-upon"roadmap for the meeting: And each agenda
item can be handlEd by the Chair in the following basic format:
First,'theChair should clearly announce the agenda item number and should deadly state what
the agenda item subject.is. The Chair should then announce the format(which follows)'that will
be followed inconsidering the.agenda'item.
Second, following that agenda format; the Chair should invite the appropriate person;or
persons to.report on the item, including;any recommendation that they might have The.
appropriate person or persons may,be the Chair; a member of the body, a staff person, or a
committee:chaircharged with providing input on theagenda item.
Third, the Chair should ask members:of the body'.if they have any technical questions;of
clarification. At this point, members-of the body may ask clarifying,questions.to the person or
persons who reported on the item, and that person or persons should be given time to
respond.
Fourth, the Chair should invite publiccomments, or.if appropriate:at a formal meeting, should
openthe publicmeeting'for public input.'If numerous members of the'-public indicate a desire
to speak to the subjects the Chair may limit the time of public speakers.-At the conclusion of
the public comments, the:Chair should announce that public input has concluded (or the public
hearing as the case-maybe is closed).
Fifth,the Chair should invite a motion.The Chair should announce the name ofthe;member of
the body.who makes the motion.
Sixth,:the Chair should determined if any member of the body to,second the?motion.
The Chair should announce the name of the member of the body who seconds the motion: (It is
normally good practice:fora motion to:require:a second:before:proceeding with it, to ensure
that<it is notjustone member,of the body whoTis interested in a particular approach. However,
a second iis'not an'absolute requirement, and:the Chan.:camproceed with consideration and
'vote on a motion even when.there is no`second: Thissisa matter left to the discretion of the
chair:)
Seventh;,ifthe motionis made and seconded, the Chainshould make.sure everyone
understands the motion. This is done in one;of three ways: (1) The Chair"can ask the maker of
the,motion to repeat it (2),The Chair can repeat the motion. (3) The Chair can ask the
secretary or the clerk'of the body to repeat the motion.
Eighth, the Chair should now invite discussion of the motion by the'bodyr If there is no desired
discussion,.or after the discussion has ended, the Chair should announce that the body will vote
on the motion. If there:has'been no discussion or very,brief discussion;then the vote on the
motion should proceed immediately and there is no need to repeat the motion. If there has
been substantial discussion, then it is normally best to'make-sure everyone understands the
motion by'repeating it.
Ninth, the Chairtakes;a vote. Simply asking for the"ayes";,and then asking for the"nays"
normally does this. If members of the body do not vote, thenithey'mabstain". Unless the rules
of the body provide otherwise"'(or unless a super-majority is required as delineated later in
these rules) then a simple majority (as defined in law or the rules of the body as delineated
later in these rules) determines whether the motion passes:or is defeated.
Tenth,the Chair should announce the result of the vote and should announce what action (if
any) the body has taken. In announcing the result, the their indicate the names of the
members of the body, if any who'voted in the minority on the motion. This announcement
might take the following form:"The motion passes by a vote of3-2,,with Smith and Jones
dissenting. We have passedthernotion requiring 10.days'notice'for all future meetings of this
body."
Motions.in General
Motions are the vehiclesfor decision-making by a body. It is usually best to have a motion
before the body prior to commencing discussion of an agenda item. This helps the body focus.
Motions are made in a simple two-step process. First, the Chair should recognize the member
of the-body.:Second, the'member of the body makes a motion by preceding the member's
desired approach with the words: "I'move .j,. . . " So, a typical motion might be "I move that
we give 10-day's notice in the future for all our meetings."
The Chair usually initiates the motion by either (1) Inviting'the members of the body to make a
motion, "A motion at this time would be in order:" (2) Suggesting a motion to the members of
the body. "A motion would be in order that we'give 10-day's notice in the future for all our
meetings." (3) Making the motion:,As noted, the Chair has every right as a member of the
body to make a motion,but should normally do so only,if the Chair wishes to make a motion
on an item but is convinced that no other member of thebody`is willing to step forward to do
so at a particular time.
The Three Basic Motions
There are three motions that are the most common and recur often at meetings:
The basic motion:.The basic motion is the one that puts forward a decision for the body's
consideration'.,A basic motion might be "I move that we create a 5-member committee to plan
and put on our annual fundraiser."
The motion'to:amend. If'a member wants to change'_a basic motion that is before the body,
they would move to amend it A motion to amend might be "I move that we amend the
motion::to have a 10-member committee."A motion to amend takes the basic motion which is
before the:body and,seeks.to change it in some way:
The substitute motion. If a member wants to completely do away with the basic motion that is
before the body, and put-a new motion before the body, they would move a substitute motion.
A substitute motion might be: "I move a substitute motion that we cancel the annual fundraiser
this year."
"Motions to amend" and"substitute motions" are often confused..,Buttheyare,quite different,
and their effect (if passed) is quite,different,,A motion to amend seeks to retain the basic
motion on the floor, but modify it in some way. A'{substitute motion seeks to throw out the
basic motion on the.floor, and substitute a new.and different motion for it The:decision as to
whether a motion is:really a "motion to amend"or a "substitute-:motion"ris leftto the chair. So
that if a member makes what that member calls a "motion to amend", but the Chair
determines•that it.is really a "substitute motion", then the Chair's designation;governs.
Multiple MotionsBefore the Body
There can be.up to three motions on,the floor at the same time. The Chair can reject a fourth
motion until the:Chair has dealt with the three that argon the floor and has resolved'them.As
a°practical,matter, more than three motions on the floor at one time tends to be too confusing
and unwieldyformost everyone - so keepthe.maximum at three at three:for-the sake,of
clarity.
When there are two or-:three motions on:the.floor (after motions and seconds) at the;_same
time the vote should proceed first on'theaast motion that is made..So, for example; assume
the first motion is a basic"motion to have a 5-member committee to plan and puton;our
annual fundraiser." During the discussion of this motion, a member might make;a second
motion teamendthe main motion to have a 10-member committee, not a 5-member
committee to plan and put on our annual fundraiser."And perhaps, during that-discussion, a
member makes yet a third motion as a "substitute motion that we not have an annual
fundraiser thisyear."The proper procedure would be as follows:
First, the Chair would deal with the third (the,last) motion on the floor the substitute motion.
After discussion and debate, a vote wouldbe taken first on the third motion::.If the:substitute.
motion passed,.it would be•a substitute for the basic motion and would eliminaterit. The first
motion would be moot, as would the second motion (which sought to amend the first motion),
and the action on the agenda item would be completed-on the passage by the body of the third
motion (the:substitute motion). No vote would be takenon the first or second motions.
Second, if the:substitute motion failed, the Chair would now deal with.the.second (now, the
last) motion' on'.the floor, the motion to amend. The discussion and debateiwould focus strictly
on the amendment (should the committee bye5 members or 10 members): If the motion to
amend ao ssed.the Chair would now move:to consider the main motion (the firstrmotion) as
amended:,If the'motionto amend failed the Chair would now move to considerthe'main
motion'(the:first motion) in its original'format; not amended.
Third,.the Chair would now deal with the first motion that was placed on,the floor. The original
motion would either be in its original format(5-member committee), or if'amended, would.be
In its amended format (10-member'committee).,And the question on the floor for.discussion
and decision would'be whether a comrmttee should plan and put on the annual fundraiser.
To,Debate or Not to Debate
The basic rule,of motions is that they are subject.to discussion and debate. Accordingly, basic
motions, motions to amend, and substitute motions are all eligible, each in their turn, for full
discussion before and by the body: The debate can continue as long as members:of the body
wishto discuss an item, subject tathe dedision of the Chair that it is time to move on and take
action.
There are exceptions to the'general rule of free and open debate on motions. The exceptions'all
apply when there is a desireofthe body to move on The following motions are not debatable
(that is when the following motions are made and,seconded, the Chair must immediately call
for a vote of the body without debate on the motion):
A motion to adjourn.This motion if passed,.requires the'body to immediately adjourn to its
next;regularly scheduled meeting. It requires a.simple majority vote.
Amotion to recess. This motion, if passed, requires the,body to immediately take:a recess:
Normally, the Chairdetermines the length of the recess Which may be a•few minutes or an.
hour. It requires'a simple majority vote.
A motion to fix the time to adi ourn.`-Tnis.motion,:if'..passed, requires the body to adjourn the
meeting atehe specific"time set inithe motion. Folexample,ythe!motion.might be "I move we
adjourn this meeting at midnight."It'-requiresra simple majority vote.
A motion to table. This motion,'if passed, requires'discussion of the agenda item to be halted
and the agenda item to.be placed on"hold". Thee motion cancontain a specific time in which
the item can come back to the body:'"I,move we table thisiitem until our regular meeting in
October:" Or the motion can contain no specific time for the-return"of the item, in which case a
' motion to take the item off the table and bring it back to the body will have to be taken at a
future meeting. A.motion to table an item (dr to bring it back`to o-.the body).requires a simple
majority vote.
A motion to limit debate:The most common form of this motion+is-to-say: "I move the previous
question" or"I move-the-;question" or"I call the question' or simply"question." (As,.a practical
matter, when a member calls for the"question" the chair can expedite things by simply asking
the body if anyone wishes to continue discussing the underlying matter. If no one wishes to
discuss it further, the chair can proceed to a`vote on the underlying:`matter - without having to
vote on the"question": On the other hand, if-even one member of-the bodywishes further
discussion and debate on the underlying matter, thenithe(chairhas+.to treat the call for the
"question" as a motion and proceed accordingly.) When-a member of the body makes such a
motion for the"question',the member is really saying: "I've had enough debate. Lets get on
with the vote". When such a motion.is made, the Chair should ask for a-second,stop debate,
and vote on the motion,to;limit debate. The motion to limitidebate,requires a 2/3 vote of the
body. Note: that a motion to limit debate could include atime,limit. For example: "I move we
limit debate on this agenda item to 15 minutes." Even in this format, the.motion to limit debate
requires a 2/3 vote of the body. A similar motion is a motion to obiect to consideration of an
item. This motion is not debatable, and if passed, precludes-the body from even considering an
item on the agenda. It also requires a 2/3 vote.
Majority and Super-Majority Votes
In a democracy,-a simple'majority.vote determines a question.A.tie vote means the motion
fails. So in a 7-member body, a vote of 4-3 passes the.motion..A vote of 3-3 with one
abstention'means the motion fails. If one member is absent and the vote is 3-3, the motion still
fails.
All motions require a simple majority,but there are aifew_exceptions; The exceptions come up
when the body is taking an action which, effectively, cutthe-ability off the-ability of a.minority of the
body to take an action or discuss.and item. These extraordinary motions require a 2/3 majority
(a super-majority) to pass:
Motion to limit debate. Whether a member says "I move the previous question" or"1 movethe
question"or"I call the question" or"I-move,to limit debate, it all amounts to an attempt to cut
off the ability of the minority to discuss an item, and-it-requires a 2/3-vote to pass.
Motion to close nominations.-When choosing officers of theibody(Iike the-Chair) nominations
are in order either from a nominating committee or from.the floor of the body. A motion to
close nominations effectivelycutsoff the right of the minority.to-nominate officers, and it
requires a 2/3 vote to pass.
Motion to obiect to•the consideration of a'question. Normally such a motion is unnecessary
since the objectionable:item can be tabled, or defeated..straight:up..However, when members
of a body do not even want an'item on the agenda to be:considered, then such a motion is in
order. It is not debatable,and it-requires a 2/3 vote to pass:
Motion Ito suspend therules. This motion is,debatable', but requires.a 2/3 vote to pass. If The
body has'its own rules Of order; conduct or procedure; this motion'allows the body to suspend
the rules fora particular-purpose. For example, the body (a private club) might have a rule
prohibiting the attendance at meetings by non-club members. A motion to suspend the rules
would be•in order'!to allow anon-dub member to attend a meeting of the club-on a particular
date orona particular agenda item.,
Counting Votes
The matter of counting votes-starts-simple, but can become complicated.
Usually; its pretty'easy to determinewhether a particular motion passed or whether it was
defeated. If a simple majority vote•is=needed to pass a motion, then one vote more than 5O%
of the body is required. So, for example, in a five-member body, if the vote is 3 in-:favor and 2
opposed, the motion passes. If it is 2 in favor and 3opposed,the motion is defeated.
If.a two-thirds majority vote isineeded-to pass a motion/then how many affirmative'votesare
required?The simple-rule of thumb is to count the"no"votes and double that count to
determine how many"yes"votes areneeded to pass a particular motion. So,'for example; in a
seven member body, if 2'members,vote"no'".then the"yes" vote of at least 4 me_mb eis'is_
required to achieve a`two-thirds;majority votetto pass the motion.
What about tie.votes?iIn the event of tie vote; the motion always fails.since amaffirmative
vote,is required to pass any motion. So, for example, in a five member body, if the vote 2 in
:favor and 2 opposed, with 1 member absent, the motion is defeated.
Vote counting starts to become complicated when members,vote"abstain" or in thecase of a
written ballot; cast a°blank-d(or unreadable) ballot. Do these votes count, and if so;.how;does
one count them?The starting-point is always te.check the statutes.
In'Cahfornia;-for example, for an action of•a board of supervisors to be valid:and binding;,tlie
action must be•approved by a majority of the board California Government Code Section
25005 Typically; this means 3 of the.''5 members of the board must vote affirmatively°in favor
of the action. A vote of.2 to 1 would not be sufficient: A vote of 3 to 0 with two abstentions
would, be sufficient. In general law cities in'California, as another example, resolutions or
orders.for the of money and all ordinances require a recorded vote of the total
members of the city council. California,Government Code Section 36936. Cities with charters
may prescribe--their own vote requirements. Local elected officials are always well-advised to
consult.with their local agency counsel on how:state law may affect the vote count.
After consulting:state statutes, step number two is to check the rules of the body. Ifthe'rules
of the body say that you count votes of"those present -then you treat abstentions one way.
However,:if the rules of the;body say that you count the'votes-of those"present and'voting"
then you treat abstentions a different way..And if the rules,of the body are,silent on the
subject then the'general rulecof thumb (and default rule) is that you count all votes that
"present and.voting". Accordingly, under the"present and voting"system you would NOT count
abstain votes on,the-,motion. Members who abstain are counted for purposes of determining
quorum (they.are"present");but you treat these abstention votes on the motion as if they did
not.exist(they are`not"voting"). On the other-hand, if the:rules of the body specifically say
that you count'votes of those"present" then you DO"count abstain votes both in establishing
the quorum and on the motion. In this:event, the abstention votes act just like:"no" votes.
How does this work in practice? Let's look at a.few examples.
Let's-assume.thatwe have a five-member city council voting oma motion that requires-adsimple
majority vote to pass, and let's-.assume further that the body has'no specific rule on counting
votes..Accordingly, the default'rule kicks in and we count all votes of members that are
"present and voting Ifthe,vote'on the motion.:.is 3-2, the motion passes. If the motion is 2-2
with 1 abstention, the-motion fails.
Let's.assume we have a five,niembercitycouncil voting oma motion that requires a;two-thirds
majority vote to pass, and'.let's;further assume;that the:.body has no specific rule on counting
votes..Again,the default rule apples.'If the'vote'is 3-2, the'motion fails for lack of a two-thirds
majority.,If thevote is 4.1, the;motion:°passeswith a clear two-thirds majority. A vote of 3
"yes", 1"no" and 1 "abstain" also resultsin passage°rof,the motion. Once again, the abstention
is counted onlyfor the purpose of determining quorum;but on the actual vote on-the motion, it
is as if the,abstention vote never existed - so an effective 3-1 vote is clearly a two-thirds
majority vote.
Now, let's change the scenario.slightly. Let's-;assume the same five:members city,councdvoting
on a motion'thatrequires a two-.thirds majOrity vote to pass, but let's:now assume.that-the
body.DOES have a::specific rule:requiring a'two-thirds vote of members"present". Under this
specific rule,,we:must count theimembers present not only for quorum but also for the motion.
In'this scenario;.any abstention has the same4 force and effect as.if it were a no vote..
Accordingly, if the,vote were-3 "yes'; 1""no" and 1 "abstain", then the motion fails. The
abstention in this case'is.treated like a."no"vote and effective vote of 3-2 is not enough to
pass two-thirds majority y muster:
And, how, exactly, does a member cast an "abstention"vote? Any time a member votes
"abstain" orsays"I abstain", thatis an abstention..However,;if a member votes "present" that
is also treated as an.abstention (the member is essentially,saying, "count me for purposes of
a quorum; but my vote on theissue•is abstain"). In fact,any manifestation of intention to vote
neither"yes" nor"no" on the pending motion may b&treated by the chair as an abstention.
And if written ballots are cast,-a blank or unreadable ballot is counted as an abstention as well.
Can a member vote"absent" or"count me as absent"? Interesting question. The ruling on this
is up to the chair. The better approach is forthe.chairlto count this as if the member had left
his/her chair and is actually"absent'. That, of course, affects the quorum. However, the chair
may also treat this as a vote to abstain, particularly if the person does not actually leave the
dais.
The Motion'to Reconsider
There is a special and unique;motion that requires a bit of explanation all by itself; the motion
to reconsider. A tenet of parliamentary procedure is finality: After vigorous discussion, debate
and a vote, there must be some closure to the issue. And soy after,a vote is taken, the matter
is deemed closed, subject only toreopening4 a proper motion to consider is made and passed.
A motion to reconsider requiresa majority vote to pass like other garden-variety motions, but
there are two special rules that apply only to the motion to reconsider.
First, is the matter of timing. A motion to reconsider must be made at the meeting where the
item was first voted upon. A motion to reconsider made at a later time is untimely. (The body,
however, can always vote to suspend the rules and, by a two-thirds majority, allow a motion to
reconsider to be made at another time.)
Second, a motion to reconsider may be made only be.certain members of the body.
Accordingly, a motion to reconsider may be made only by'a member who voted in the majority
on the original motion. If such a member has a change of heart, he or she may make the
motion to reconsider(any other member of the body- including a'member who voted in the
minority on the original motion - may second the motion). If a member who voted in the
minority seeks to makes the motion to reconsider, it must be ruled out of order. The purpose of
this rule is finality. Ifa member of minority could make a motion to reconsider, then the item
could be brought back to the body again and again, which would defeat the purpose of finality.
If the motion to reconsider passes, then the-original matter is back before the body,•and anew
original motion is in order. The matter may be discussed and debated as if it were on the floor
for the first time.
Courtesy and Decorum
The rules of order are meant to create an atmosphere,where the members of the body and the
members of the public can attend to business efficiently; fairly and with full participation. At the
same time it is up to the Chair and the members of the body.to maintain common courtesy
and decorum. Unless the setting is;very informal, it is always;best:for only one person at a time
to have the floor, and it is always best for every speaker to be first recognized by the Chair
before proceeding to speak.
The'Chair should always ensure that debate.and discussion of an agenda item focuses on the
item and the policy in question, not the personalities;of the members of the body. Debate on
policy-is healthy, debate on personalities is not. The Chair has the right to cut off discussion
that is too personal, is too loud, or is too crude.
Debateanddiscussion should be focused, but free and open. In the interest of time, the Chair
may, however, limit the time allotted to speakers, including members of the body.
Can a member of the body interrupt the speaker? The general rule,is "no."There are, however,
exceptions. A speaker;may be interrupted for the following reasons:
Privilege. The proper interruption would be:l"point of privilege."The Chair would then ask the
interrupter to"state your point."Appropriate points of privilege relate to anything that.would
interfere with thenormal comfort-of the meeting. For example,the room may be too hot or too
cold, or a blowing fan might interfere with a person's ability to hear.
Order. The proper interruption would be: "point of order:"Again, the Chair would ask the
interrupter to"state your point."Appropriate points of order relate to anything:thatwould not
be considered appropriate conduct.of the.meeting. For example, if the Chair moved`on to a
vote on a motion that permits debate without allowing that discussion or debate.
Appeal. If the.Chair makes a ruling that;a member of the body disagrees with, that member
may appeal the ruling of the chair. If the motion is'seconded, and after debate, if it passes by a
simpleinajority vote, then.the ruling,of the Chair is deemed reversed.
Call for orders of the day. This is simply another way of saying, "Let's.return to the agenda.":If
a member believes that the body has drifted from the agreed.upon agenda„such a call may be
made. It does not require a vote; and when the Chair discovers that the agenda has not btieen
followed, the Chair simply reminds the body to return to the agenda item properly before them.
If the Chair fails to do so, the Chair's:determination may.be appealed.
'Withdraw a motion. During debate and discussion ofa motion; the maker ofthemotion on the
floor, at any time, may interrupt'a speaker-to withdraw his or her motion from,the floor. The
motion,is immediately deemed withdrawn, although the Chair may ask the person'who
seconded the motion if he or she wishes:to make-the motion, and any other member may
make the motion if properly recognized.
Special.Notes About Public Input
The rules outlined above will:.help make meetings very public-friendly. But in addition, and.
particularly'forthe Chair, it is wise to remember three special rules that apply to:each agenda
item:
Rule One:Tell the public what the body will be.doing.
Rule Two: Keep the public informed while the body is doing it.
Rule Three: When the body has acted, tell the public what the body did.
About the Author
Dave Rosenberg is a Superior Court Judge He has served as Presiding Judge of:his Superior
Court for two terms, as well as Presiding Judge of the Superior Court Appellate:Division. He.has
also served`as Chairman.:ofthe Trial Court Presiding Judges Advisory Committee (composed of
all 58 California Superior Court Presiding.Judges)-and as an advisory member of the California
Judicial Council. Judge Rosenberg was first appointed-to'the bench by the Governor of
California in 2003,:and has been..subsequently elected to:office. Prior to his appointment,to the
Bench, Rosenberg served as an,elected County Supervisor representing the 4th district in Yolo
County,-and also':served as Director of Community and Intergovernmental Relations, Director of
Operations, and Senior Advisor to the Governor of California. He has served as a member and
chair of numerous state;-,regionals and local boards, both appointed and elected::.He+has:served
as a member of the Davis:City Council member for 12:years, including two terms;as Mayor of
Davis. He served two'terms as Chairman of the Board'of.Supervisors. He also chaired the
California:State Lottery Commission, the.California Victim Compensation and Government
Claims Board, the Yolo:County Economic`DevelopmentCommission,,.and the Yolo County
Criminal Justice Cabinet. He has served as Chairman of the California Law Revision Commission
and as Chairman of the District Securities,Advisory Commission,.the Yolo Solano Air'Quality
Management District, and as,a member of the California Council on Criminal Justice Planning
and.the California:Commission on State Mandates: For many years, he has:taught classes on
parliamentary procedure and has served as>parliamentarian for large and small bodies.
# # # # #
Item # 6
Oversight Board to the Successor Agency
of the Dissolved
Petaluma Community Development Commission
DATE: April 25, 2011
TO: Members of the.Oversight Board
FROM: Ingrid Alverde, Redevelopment Manager
SUBJECT: Establish Regular Meetings of the Oversight Board
RECOMMENDATION
It is recommended that the Board adopt the attached Resolution of the Oversight Board of the
Successor Agency to the Dissolved Petaluma Community Development Commission Establishing
a Regular Meeting Schedule for Oversight Board Meetings.
• DISCUSSION
The Oversight Board (Board) issubject to the-Ralph M. Brown Act, California Public Records Act,
and the Political Reform Act. In order for the Oversight Board to operate in accordance with
the Brown Act, including public noticing requirements, it will need to establish a regular
meeting schedule. Meetings will be held at the City of Petaluma City Council Chambers located
at 11 English Street, Petaluma, CA 94952.
Staff recommends that the Board meet every other month on the second Wednesday at 9 am,
beginning in May of 2012.
Calendar Year 2012 Meetings:
May 9;July 11; September 12; November 14
ATTACHMENTS
Resolution
OVERSIGHT BOARD RESOLUTION NO.
A RESOLUTION OF THE OVERSIGHT:BOARD TO THE SUCCESSOR AGENCY TO
THE FORMER PETALUMA COMMUNITY DEVELOPMENT COMMISSION
ESTABLISHING A REGULAR MEETING SCHEDULE FOR THE OVERSIGHT
BOARD MEETINGS
WHEREAS, the.Oversight Board to the.successor Agency to the former
Petaluma Community'DevelopmenfsCommission (PCDC) has been appointed pursuant
to the provision of Health & Safety Code Section 34179; and
WHEREAS,1the Oversight Board is deemed a local entity for purposes of the
Ralph M. Brown Act, and must conduct its business in accordance with the Brown Act;
and
WHEREAS, the Oversight Board has met and conferred to determine a date,
time and location for regular meetings of the Oversight Board.
NOW, THEREFORE, BE'IT RESOLVED, by the Petaluma Oversight Board for
the Successor Agency as follows:
1. All meetings of the Oversight Board shall be held in accordance with the
Ralph M..Brown Act.
2. The,regular meetings of the Oversight Board shall be held second
Wednesday every othermonth beginning May 9, 2012 at 9:00•a.m. The
location of the meetings shall be in the City Council Chambers of the City of
Petaluma.
3. Any regular meeting may be adjourned to a date, time and place and when so
adjourned shall be considered a regular meeting. Meetings may be
adjourned by the presiding officer or by•the Board secretary if a quorum is not
present.
4. Special meetings may be called by the Chair or by four (4) board members,
and notice thereof shall beprovided in accordance with the Ralph M. Brown
Act.
Adopted this day of April, by the following vote:
Item # 9
Oversight Board to the Successor Agency
of the Dissolved
Petaluma Community Development Commission
DATE: April 25, 2011
TO: Members of the Oversight Board
FROM: Ingrid Alverde, Economic & Redeveloprnent Manager
SUBJECT: Adopt the Conflict'of Interest Code for the Oversight Board
•
RECOMMENDATION
It is recommended that the Board .approve the attached resoli tion adopting the Conflict of
Interest Code for the Oversight Board.
DISCUSSION •
The Oversight Board is'deemed a local entity for purposes of the State of California Political.
Reform Act. Pursuant to the'Political Reform Act and related regulations a newly established
local'entity is required to adopt a conflict of interest code (code).
The proposed code provided in the attached resolution outlines the relevant code from the Fair
Political Practices Act. Adoption of the Code will require each Oversight Board member to file a
Form 700 with the Clerk of the Oversight Board within 30 days of adoption of the Code (May
25, 2012). Successor Agency staff will provide the form to the Board members under separate
cover.
ATTACHMENTS
Resolution
RESOLUTION NO.
A RESOLUTION OF'THE-OVERSIGHT,BOARD TO THE SUCESSOR AGENCY TO
THE DISSOLVED PETALUMA COMMUNITY DEVELOPMENT COMMISSION
ADOPTING A CONFLICT OF INTEREST CODE FOR THE OVERSIGHT BOARD
WHEREAS, the Oversight Board to the Successor Agency to the dissolved
Petaluma Community Development Commission has been appointed pursuant to the
provisions of Health & Safety Code Section 34179;,and
WHEREAS, the Oversight. Board is deemed a local entity for purposes of the
Political Reform Act; and
WHEREAS, pursuant to the Political Reform Act and regulations promulgated
thereunder by the Fair Political Practices Commission ("FPPC"), ,a newly established
local entity is required"to adopt a.,conflict of'interest code; and
WHEREAS, the Oversight'Board, finds and determines that it is :appropriate to
adopt as its conflict of interest code the m odel conflict of interest code promulgated by
the FPPC as set forth in this Resolution;,
NOW, THEREFORE, BE IT RESOLVED by the Oversight Board as follows:
SECTION 1. Pursuant to the Political Reform Act of 1974, Government Code
Section 87300 at seq., and Section 18730 of Title 2 of the California Code of
Regulations, the Board adopts the model conflict of interest code promulgated by the
Fair Political Practices Commission of the State of California as set forth in Section
18730 of Title 2 of the California Code.of Regulations, which model conflict of interest
code is incorporated herein by reference, and which, together with the list,of designated
positions and the disclosure categories applicable to each designated position as set
forth in Sections 3 and 5 of this Resolution, collectively constitutes the Board's conflict
of interest code. As the model conflict_of interest code set forth in Section 18730 of Title
2 of the California Code of Regulations is amended from time to time by State law,
regulatory action of the Fair Political Practices Commission, or judicial determination,
the portion of the Board's conflict of interest code comprising the model conflict of
interest code shall be deemed automatically amended without further action to
incorporate by reference all such amendments to the model conflict of interest code so
as to remain in compliance therewith, Nothing in this Resolution shall supersede the
independent applicability of Government Code.Section 87200.
SECTION 2. The definitions contained in the Political Reform Act of 1974 and in
the regulations of the Fair Political Practices. Commission, and any amendments to
either of the foregoing, are incorporated by reference into this conflict of interest code.
SECTION 3. The following are the designated Board positions, the holders of
which shall be required to file statements of economic interests: Oversight Board
members.
SECTIONr4. The code reviewing body for this conflict of interest code shall be
the City Council of the CO of Sonoma This conflict of interest code,shall be promptly
submitted after its adoption by the Acting Secretary to the Clerk of the City Council.
Statements of economic interests shall be filed 'by Oversight Board members with the
Clerk of the Sonoma City Council.
SECTION 5. The Board finds and detefmines that the persons holding the
positions set forth in°Section 3.make or participate in the making of decisions which may
foreseeably have a material effect on financial interests:
SECTION 6. Each person holding a designated position -set forth in Section 3
shall report in every disclosure;category set forth in the statement of economic interests
promulgated by the FPPC to the extent such category is applicable to such person
pursuant to the rules and regulations of the FPPC. The disclosure categories as
promulgated by the FPPC may be amended from time to time and such amendments
shall not require an amendment;to this code or Resolution.
SECTION 7. Sections 3 and 6 of this Resolution constitute the Appendix referred
to in,subdivision (b)(2) of Section 1.8730 of Title 2 of the California Code of Regulations.
SECTION 8. Nothing contained in this Resolution is intended to modify or
abridge the provisions of the Political Reform Act of 1974, Government Code Section
87000 et seq., or the FPPC regulations, Title 2 California Code of Regulations including
Sections 18700 et seq. The provisions of this Resolution are additional to the Political
Reform Act and FPPC Regulations. This Resolution shall be interpreted in a manner
consistent with the Political Reform Act and FPPC regulations. In the event of any
inconsistency between the provisions of this Resolution, on the one hand, and the
Political Reform Act and/or the FPPC regulations, on the other hand, the provisions of
the Political Reform Act and FPPC regulations shall govern.
SECTION 9. If any section, subsection, sentence, clause, or phrase of this
Resolution is for any reason held by a court of competent jurisdiction to be invalid, such
decision shall not affect the validity of the remaining portions of this Resolution. The
Board hereby declares that it would have adopted this Resolution and each section,
subsection, sentence, clause, or phrase thereof irrespective,of the fact that any one or
more section, subsection, sentence, clause, or phrase be declared invalid.
Adopted on the .day of April, by the following vote:
-2-
Item # 10
Oversight Board to the Successor Agency
of the Former
Petaluma Community Development Commission
DATE: April 25, 2011
TO: Members of the,Oversight Board
FROM: Ingrid Alverde, City of Petaluma Economic Development & Redevelopment
Manager
SUBJECT: Approval of the Recognized Obligation Payment Schedule ("ROPS") and
Administrative Budget through June 30, 2012 Submitted by the City of Petaluma
Acting as the Successor Agency to the Former Petaluma Community
Development Commission ("PCDC") Pursuant to Health and Safety Code Section
341710) and Related Actions, Including Authorization of Continuance of
Specified Agreements;"Authorization of One or More Cooperative Agreements of
the City of Petaluma and/or related programs; and Authorization of New
Agreements and Amendments As Necessary to Implement the Obligations
Contained in'the ROPS
RECOMMENDATION
It is recommended that the Board approve the attached resolution adopting the 15` Recognized
Obligation Payment Schedule (ROPS #1) for the time period January 1, through June 30, 2012
submitted by the City of Petaluma acting as the SuccessorAgencyto the former PCDC pursuant
to California Health and Safety'Code Section 3417101„and the.Successor Agency Administrative
Budget for the same period. In the event that a Cooperative Agreement Between the City of
Petaluma and the former Petaluma Community Development Commission (PCDC) is disallowed
by the Department of Finance, the attached Resolution includes';authorization for one or more
of the Cooperative,Agreements of the City of Petaluma for specific items'in the ROPS#1 and to
enter into such further agreements and amendments as may be necessary to implement the
recognized obligations contained in the ROPS#1.
DISCUSSION
Health and Safety Code Section 34180 requires that the Oversight Board approve.a Recognized
Obligation Payment Schedule every six months following the dissolution of the PCDC. The ROPS
outlines enforceable obligations to be paid from former tax Increment funds, bond proceeds,
and redevelopmenttrustfunds. The attached summary (Attachment 1) provides a description
of each line item on the ROPS. The ROPS is divided into four"separate forms.
Item # 11
Page 2
Form A - Includes obligationsthat-are to be paid by the Redevelopment Property Tax Trust
Fund (to be distributed by the County Auditor from what would be future'tax increment
funds) organized into the following categories:
DebtService on Outstanding Bonds
Enforceable Obligation Compliance
Affordable.Housing Compliance
Enforceable Obligation Delivery:Expenses
.Miscellaneous Obligations
Form B —Includes obligations to be paid either by available bond proceeds.orthe balance
of the Tax Increment Fund (currently 'held by the Successor Agency) organized into the
following categories
Capital Improvement Projects
One-tine Contractual Payments
Form C–.Includes the Successor Agency Administrative Budget
Form D –Includes all Taxing Agency Pass-through Obligations
Additionally, staff prepared a 4-year forecast (Attachment 2) that outlines hoW the former
PCDC tax increment will pay for ongoing obligations.
AB xl 26 affords the Oversight Board the opportunity to consider the public value of the
enforceable obligations and to determine that it is in the best interest of the taxing
entities as well`,as the holders of enforceable obligations to carry out the agreements and
other obligations included in the BOPS: Attachment 1 provides a summary of the
background information supporting, such a determination. In each case, the listed
agreement either allows the completion of critical infrastructure that supports both
countywide and city traffic and. pedestrian circulation needs, provides critical support to
the region's low-income population or- supports the remediation of contaminated
properties.
Although the specific provisions 'have not been tested, AB x1 26 appears to permit. the
State Department of Finance to disapprove Certain obligations pursuant-to a Cooperative
A, greement between the City and. PCDC'dated,January 31, 2011. 'However, AB xl 26 also
permits the Oversight Board to authorize such agreements when the Board determines
that to be in the:best interest of the taxing entities. Items 11-15 and Iteni,24 on Form B,of
the ROPS are outlined in the referenced Attachment 1. In the event that the State
Department of Finance disapproves the Cooperative Agreement, the attached 'resolution
includes the appropriate findings and,determinations that would authorize carrying out=the
specified obligations. These agreements, as fully described in Attachment 1, provide for
needed''economic development and affordable housing programs and support findings that
Item U 11
Page 3
they are in the best interest of the taxing entities. The attached resolution also includes
findings for the continuation of specified agreemehts .and for the execution of such new
agreements and amendments as may be necessary to implement the recognized
obligations on the ROPS as approved by the Oversight Board. Finally, the attached
resolution also provides authorization, pursuant, to Health and Safety Code Section
34180(e), to continue acceptance of public grants related to Items 16 and 18 on Form A of
the ROPS.
Successor Agency Administrative Budget
Health and Safety Code Section 34177(j) also requires the Oversight Board to approve the
Successor Agency's administrative budget. AB x1 26 allows the Successor Agency to charge
administrative costs to the Redevelopment Trust Fund to wind down-the affairs and administer
the debt repayment of the formerredevelopment agency. Under section 34171(b) of AB x1 26,
the "administrative cost allowance" is defined:as follows:
"Administrative cost allowance" means an amount that, subject to the approval of the
oversight board, is payable from property tax revenues of up to 5 percent of the property tax
allocated to the successor agency for the 2011-12 fiscal year and up to 3 percent of the
property tax allocated to the Redevelopment Obligation Retirement fund money that is
allocated to the successor agency for each fiscal year thereafter..."
Based on current information on how the allocation°formula is calculated, staff believes that
the City, as Successor Agency; is eligible for $385,028 for FY 2011-12. Staff estimates the
following administrative budget to be reduced to $250,000 every year thereafter. This
administrative budget allocation is presented in the ROPS Form C (Exhibit B of Attachment 1)
and is broken down in a detailed budget on Exhibit D of Attachment 1. The attached budget
provides the breakdown of staff and services required to administer the Successor Agency's
wind down of the former'Petaluma Community Development Commission.
ATTACHMENTS
1. ROPS Summary
2. ROPS 4-year Forecast
3. Resolution
City of Petaluma Successor Agency
Recognized Obligation Payment Schedule
This summary provides a brief explanation of each item'outlined on the Recognized Obl igation
Payment Schedule (ROPS) (Exhibit A), which was prepared in accordance with AB X1 26 and
provides a list of all current and ongoing obligations of the•former Petaluma Community
Development Commission (PCDC). The ROPS is divided into four separate forms.
Form A - Includes obligations that are to be paid by the Redevelopment Property Tax Trust Fund
organized into the following categories: Debt Service on Outstanding`Bonds, Enforceable
Obligation Compliance, Affordable Housing Compliance; Enforceable Obligation Delivery Expenses,
and other Miscellaneous Obligations.
Form B— Includes obligations to be paid either by available'bond proceeds or the balance of the
Tax Increment Fund organized into the following categories: Capital Improvement Projects and
One-time Contractual Payments.
Form C— Includes the Successor Agency administration budget allowance
Form D— Includes all Taxing Agency Pass-through obligations
Form A
BONDS
(Items its 1-5)
PCDC issued tax allocation bonds pledging tax increment as the repayment source in 2001, 2003, 2005,
2007, and 2011. The ROPS lists ongoing debt service payments for each bond series. Exhibit B provides
the debt service schedules for each. Projects funded by these bond proceeds are listed separately on
Form B of the ROPS.'
Total Proceeds $4,025,000 $23,630,000 $1$,355,OOb $31,825,000 $10,000,000
Available Proceeds $0 $0 $0 $13',000,000 $10,000,000
Earmarked for Projects
Each of these bonds,were issued prior to June 30, 2011 (the effective date of ABx1 26). These bonds,
including required debt service, reserve set-asides and any other payments required under bond
indentures or similar bond documents, are enforceable obligations as described in Section 34167(d),
Section 34171(d)(1)(A) and in_Section34171(e) of the:Health and Safety.Code.
AB X1 26 expresses the legislative intent that Successor Agencies are required to avoid defaults on
outstanding bonds by making all bond payments (Sections 34174(a) and (b); 34175(a)). Successor
agencies are required to maintain reserves in the amount:required by indentures or similar documents
i
'All statutory references are to the California Health and Safety Code unless otherwise noted.
Petaluma Oversight Board Page 1 April 18, 2012
City of Petaluma Successor Agency
Recognized Obligation Payment Schedule
governing,the issuance-of,outstanding redevelopmentagency bonds (Section 34177(b)). The Successor
Agency is also authorized to spend bond proceeds for the purposes for which the ponds were sold
(Section 34177(i)).
The only role specified in ABx1 26 for an oversight board with respect to bonds is to approve successor
agency requests for refunding of outstanding bonds to provide for savings or to-finance:debt service
spikes, which the oversight board is authorized to do provided that no additional rdebt is created and
debt service is not accelerated (Section 34180(b)). The county auditor-controller has a fiduciary
obligation to holders of former redevelopment agency enforceable obligations(Section 34182(c) (2)).
Debt service payments to be made for tax allocation.bonds listed on.a ROPS and payments scheduled to
be made on revenue bonds have priority for distribution of funds to the successor agency (Section
3'4183(a)'(2)).
ENFORCEABLE OBLIGATION COMPLIANCE
Regtilatory Agreement Compliance (Item#61 .
This budget reflects the staff time and related expenses to implement Affordable Housing Enforceable
Obligations and to comply with ongoing sections of Community Redevelopment Law including;:annual
monitoring of project maintenance, rent rolls, and audits. Exhibit C outlines the items included in the
budget.
Numerous sections of Community Redevelopment Law not repealed by AB X1 26 require annual
reporting regarding existing affordable housing agreements, monitoring developer and homebuyer
obligations, collecting loan payments, and observing any relocation or replacement obligations resulting
from existing projects and agreements. In addition, Section 34176(c) authorizes the housing successor
to enforce affordability covenants and perform related activities pursuant to applicable provisions of the
Community Redevelopment Law.
Bond.Compliance (Item#7).
This budget reflects the staff time and related expenses to comply with continuing disclosure,
accounting,and audit requirements for each of the five outstanding bond issuances.
Successor agencies retain all obligations imposed pursuant to enforceable obligations, including
outstanding bonds, and are required to perform such obligations (Sections 34174(a); 34177(c)). This
item quantifies the cost of complying with successor agency obligations pursuant to the bond
documents. Exhibit C outlines the items included in the Bond Compliance budget.
AFFORDABLE HOUSING COMPLIANCE
COTs Diem#8)
COTS entered into a grant agreement with the U.S. Dept. of Housing and Urban.Development(HUD) to
provide transitional housing for persons exiting homelessness. The agreement requires an annual PCDC
match of$7,500. Funding for this program has its foundation in Policy 6.3 of the City's State-certified
Housing Element and is dependent upon revenue from the City's tax increment.
Petaluma Oversight Board Page 2' April 18; 2012
City of Petaluma Successor Agency
Recognized Obligation Payment Schedule
COTS(item #9-101
COTS received two $500,000 loans and one $400,000 loan from the California State Department of
Housing and Community Development (HCD) for development of the Mary Isaak Center, the City's
transitional housing facility. The terms of the loans clearly state that,the loan will be due and payable
should the facility no longer support..homeless services. Funding of those services (serving 555
unduplicated families and individuals annually) has its foundation in Policy 6.2 of the•City's State-
certified Housing Element and is dependent upon revenue from the City's tax increment.
Mobile Home Rent Control(Item#111
The City adopted the Mobile Home Rent Stabilization Ordinance (Petaluma Municipal Code Section
6.50.60) in 1994 to protect the City's low-income elderly mobile home residents from burdensome rent
increases. This program serves. 221 mobile home households .annually. Annual funding needed is
estimated at $15;000 a year for three years to pay for program administration and for costs of
unpredictable arbitrations.
Fair Housing/Rental Assistance (Item#?121
As an Entitlement Jurisdiction under the Community` Development Block Grant Program, the City is
required by HUD to provide fair housing services to the community. For efficiency of administration,
this service is combined with a rental assistance program, which-serves very-low-income residents with
one-time emergency housing costs. The program requires $204,000 annually for three years. These
programs, administered by Petaluma People Services Center,address Housing Element policies 7.1 and
6.1 respectively. This item is also outlined in a Cooperative.Agreement between the City of Petaluma
and the Petaluma Community Development Commission in January of 2011.
Transitional Housing(Items#13-141
ROPS Item# 13—The City's State-certified Housing Element (Program 6.4) reads as follows: Continue to
Support the Salvation Army's Petaluma Area Transitional Housing Program, which provides support and
structure for people transitioning from welfare to work. This line item provides $75,000 annually for
three years to the Salvation Army to provide the required services. This item is also outlined in a
Cooperative Agreement between the City of Petaluma and the Petaluma Community Development
Commission in January of 2011.
ROPS Item #14 -The City's State-certified Housing•Element,(Program 6.5) reads as"follows: Continue to
support the ongoing maintenance of COTS family transitional homes located throughout the
community. This line item provides $332,400 annually to COTS for three years. This item is also
outlined in a Cooperative Agreement between the City of Petaluma and the Petaluma Community
Development Commission in January of 2011.
Rehab single-family homes (item #15)
Rebuilding Together Petaluma, a non-denominational volunteer organization, is the City,'s housing
rehabilitation partner and provides home rehabilitation services to more than 30 low-income, elderly
and disabled households annually: This service has its foundation in the Housing Element Policy 6.4,
Program 6.9. This line item provides $250,000 annually to Rebuilding Together for three years to
Petaluma Oversight Board Page 3 April 18, 2012
City of Petaluma Successor Agency
Recognized Obligation Payment Schedule
implement Housing Element Policy. This item is also outlined in a Cooperative Agreement between the
City of Petaluma and the Petaluma Community DevelopmentCommission in January of2011.
ENFORCEABLE OBLIGATION DELIVERY
station Area Master Plan (Item#16t
The former PCDC agreed to match a Metropolitan Transportation Commission grant for $260,000 with
$50,000 of PCDC funds and $10,000 of granted SMART funds to pay for consultant services to develop a
Master Plan tor the areas surrounding the SMART Station.
A funding agreement between the Metropolitan Transportation Commission and the City of-Petaluma
was executed on November 29, 2010. The_ contract is therefore an enforceable obligation of'the
successor agency (Section 34171(d) (1) (E)). An oversight board is authorized to continue the
acceptance of state or federal grants where a local match of more than five percent is required in
Section 34180(e).
Pavran Underground StorageTank Remediation (Item #171
The-City has been cleaning up contaminated'soil from a leaking underground storage tank,on;city-owned
' property`since 1988. The:majority of'the expenses, ($738,745 to date) are paid through reimbursement
by the State-of California:s Clean-Up Fund. In June of 2011, the City Council authorized a loan from the
City's Risk Management-Fund to pay for the estimated $600,000 needed to complete the clean up. The
loan will be repaid'by grant funds from the State Clean-Up Fund once the dean up is complete:
The City was required to engage in ongoing site investigation and remediation, monitored by the
Sonoma.County Department of Environmental'Health on behalf of the State Water:Resources Control
Board. In 2009;the PCDC Board adopted a resolution authorizing the PCDC to pay $20,000-for staff
costs to complete the clean up. In June of 2011, the City Council authorized an additional $25,000 to
cover additional staff costs associated with the clean-up project.
Brownfields Program (Item ft181
In September of 2008; PCDC was awarded a $1,000,000 grant from the United States Environmental
Protection Agency to provide loans to property owners to pay to clean up contaminated properties. The
grant requires a 20% match of local funds ($200,000),which'was approved by resolution in May of 2008.
PCDC has since entered into a contract with ECON Inc. in August of 2010 for professional services in
connection with the revolving loan fund remediation. The total contract award was $122;500. Staff
administration of the loan and the grant program are required and will be paid out of the remaining
local match funds. The acceptance of the grant'and the execution'of the contract were,completed prior
to the dissolution of the PCDC. AB1x 26 authorizes the Oversight Board to approve the continuance of
federal grants requiring a local match of greater than 5%.
MISC OBLIGATIONS
Office Equipment:Lease (Item#1191
The Discovery Systems office equipment lease pays for office equipment to support Successor Agency
Staff. A contract dated 3/21/11 provides for a four-year term totaling approximately$31,000_and.is a
necessary enforceable obligation required for the wind-down'.ofPCDC.
Petaluma Oversight Board Page 4 April 18, 2012
City of Petaluma Successor Agency
Recognized Obligation. Payment Schedule
Legal Services(Item-#201
The contract for legal services totaling $150,000 between• the City of Petaluma and. Meyers Nave
provides legal services to support Successor Agency Staff. The contract is an enforceable obligation
required for the wind-down of PCDC.
SMART Lease (Item#211
PCDC and the Northwestern Pacific Railroad Authority (now Sonoma-Marin Area Rail Transit (SMART)
entered into a 10-year lease on 8/1/03 to accommodate the Petaluma Visitor's Center and the Petaluma
Arts Center. PCDC, as required by the lease,spent approximately$4;000,000 rehabilitating the buildings
to accommodate the non-profit tenants and pays$12,000 annually to rent the buildings. The lease is
valid far 10 years with three S-year options to extend the lease. There are no•required payments during
the 1"iROPS term. The annual payment will be reflected in a future ROPS.
Ice House Lease (Item #221
In May of 2003, PCDC entered into an•MOU with the Petaluma Riverfront LLC, the North Coast Railroad
Authority, Northwestern: Pacific Railway Company, and Northwestern Pacific Railroad Authority. The
MOU requires PCDC to lease 850 square feet of office space for office space and storage until
permanent office and freight storage facilities are complete. The facilities are not yet complete and
until they are, PCDC is implementing a.month-to-month Lease agreement dated June 1 •2008 between
PCDC and Ice House, LLC. for the'.required space. The monthly lease rate is $200.
Petaluma Marina (Item#231
This item provides for partial repayment.($1,000,000) of a $3,960,000 loan to the City of Petaluma from
the State Department of Boating:Ind Waterways issued in 1987 to pay for the construction of the
Petaluma Marina located near Shollenberger Park There are•n'o required payments during the l ' ROPS
term. The annual paymentwill'be reflected in a future ROPS.
Economic Development:/ Site Development(Item # 24) the current Five-Year Implementation Plan for
PCDC, required pursuant to Community Redevelopinent Law, outlines the designation of$14 million for
Economic Development programs through FY 2012. The City of Petaluma approved an Economic
Development Strategy in November.of 2010. The goal of.the strategy is to implement programs that will
increase the tax base and promote business development within the City.. In early 2011,the.City Council
entered into a Cooperative Agreement with the Petaluma Community Development Commission to
provide $6,000;000 for Economic Development programs because the full $14,000,000 identified in the
implementation plan were not available. The budget is intended.to be Used to market Petaluma, help
small businesses grow and • support the development of underutilized and blighted properties
throughout thecommunity. The $6,000,000 budget is included in theCooperative Agreement between
the City of Petaluma and the. former Petaluma Community Development Commission, executed in
January of 2011, to implement the Economic Development Strategy.
Petaluma Oversight Board Page 5 April 18, 2012
City of Petaluma Successor Agency
Recognized Obligation Payment Schedule
RODS - Form B
PROJECTS FUNDED BY BOND PROCEEDS
Note: Pursuant to Section 34177(i). bond proceeds shall be used for the purposes for which they
were sold unless those purposes can no longer be achieved,
Old Redwood-Highway(Items#1-2&18}
This item contemplates the design and construction of a new interchange at Highway 101 and Old
Redwood Highway. The PCDC portion of the total project cost is $15,500,000 as authorized :by
resolution on June 18, 2007 divided between:
ROPS Item #1 - A Professional ,Services Contract between the City and URS. Corporation
executed on June 27, 2007 and amended on August 7, 2008. A second contract was executed
on March 16;,:2009 and amended on July 28, 2011. The total obligation of both contracts as
amended is $4,128,260.
ROPS Item #2 & 19 — SCTA Cooperative!Agreement (executed on May7, 2010) outlines an
agreement for the Sonoma County Transportation Authority (SCTA) and'the City of Petaluma to
work together to complete the interchange project and identifies a $10,000,000 contribution of
Prop M Funds, $2;300,000 of City, Funds, and $15,000;000 of PCDC Funds. ROPS #2
allocates $8,536,950 from available bond proceeds earmarked'for the Old Redwood Highway;
ROPS line item #19 allocates$2,834,790'from available Tax Increment.Funds.
This project supports the regional transportation system by allowing for the upgraded interchange.
needed to,widen'US 101,through.Petaluma. The-freeway widening'will improve traffic.throughout'the
County of Sonoma,which will support economic development countywide.
Rainier Avenue(Item#3-51
This project contemplates the-design and construction of a new cross-town connection between N.
McDowell Blvd and Petaluma Blvd North to be completed cooperatively between the City of Petaluma
and the SCTA. The total budgeted toward this project is$8,498,712 divided between:
ROPS Item #3 - Contract with the M Group to review environmental documents for $23,000
(executed on April 14, 2010)
ROPS Item#4- Design Contract with URS Corporation for$955,612 (executed on May 10, 2010)
ROPS Item #5 $7,498,000 contribution for construction as outlined in. the Cooperative
Agreement executed between the City and SCTA on June 15, 2011.
Petaluma Oversight Board Page 6 April 18, 2012
City of Petaluma Successor Agency
Recognized Obligation Payment Schedule
This project implements a cooperative.agreement betweenthe.form PCDC and the SCTA. This project
provides a critical connection between N McDowell Blvd and Petaluma Blvd North, which supports the
City's proposed development outlined in its General Plan.
Petaluma River Trail (Item its 6-7 &18)
This item contemplates the desigh and construction of a pedestrian trail along the Petaluma River. The
total budgeted toward this project is $1,620,680 divided between:
ROPS Item # 6 - Design Contract with CSW / Stuber-Stroeh for $176,180 executed on October 10,
2007 and amended on December.31, 2008)
ROPS Item # 7 - Right of Way Services;with Geoff Hornsby for $44,500 (executed on January 10,
2008 and amended on July 22, 2009)
ROPS Item # 18 - $1,400;000 for construction pursuant to a Cooperative Funding Agreement
between the City and the Sonoma County Transportation Authority (SCTA) (executed on May 1,
2006).
In 2006, the PCDC and the City Council adopted resolutions making the,appropriate findings for using tax
increment funding of up to $3,900,000 in 2004 dollars for this project. Both entities also authorized the
execution of a joint powers agreement between the City and the PCDC, which set forth the respective
obligations of the parties and,referenced partial reimbursement from.the SCTA in Measure M funds.
The Joint Powers Agreement further provided fora Cooperative Funding Agreement between the City
and SCTA, which also was executed in.2006. The three project items on the ROPS consist of the two
referenced executed contracts and a. reservation of funds for the river trail construction. The
Cooperative Funding Agreement using tax increment is between the City and a third party (SCTA) and
predates ABx1 26 by several years. Furthermore, successor agencies are obligated to perform
obligations required pursuant to any enforceable obligatiorr(Section34177(c)).
E.Washington Interchange (Item #s 8-10)
This item contemplates the design and construction of a new interchange at Highway 101 and E.
Washington St. The PCDC portion of the total project cost $1,940,944 divided between:
ROPS Item#8-Design contract with URS Corporation for.$1,764,044 (executed on May 26, 2009
and amended on March 31, 2010, on December 7, 2010, and July 11, 2011)
ROPS Item #9 - Right-of-way services contract with Associated Right of Way Services, Inc. for
$176,900 (executed on March 16, 2007 and amended on May 26, 2009, on August 25, 2010, and
on November 16, 2010)
ROPS Item#10—,SCTA Cooperative Agreement executed June 3, 2009
This project implements a 2009 Cooperative Funding Agreement between the City and the Sonoma
County Transportation Authority (SCTA), and a 2009 Cooperative Agreement between the City and the
Petaluma Oversight Board Page 7 April 18, 2012
City of Petaluma Successor Agency
Recognized Obligation Payment Schedule
California Departmentof;Transportation (CALTRANS). In December 2005, the: coc authorized up to
$4,000,000 in tax-increment for the project and,made the appropriate findings pursuantdo Community
Redevelopment Law for such use.
This project improves traffic through an upgraded interchange needed to widen US 101 through
Petaluma. The freeway widening will improve traffic throughout the County of Sonoma, which will
supporteconomic.development countywide.
PROJECTS.FUNDED BY TAX.INCREMENT
Unreinforced:Masonry Program (Item#s 11-151
This item provides for reimbursements (totaling $92;254 combined) to property owners' that have
upgraded their property to meet current masonry safety standards.
On February 18, 1992,.the PCDC adopted Resolution 92-50 authorizing a subsidy program to provide
$2.00 per square foot of building area to help'building owners pay for required masonry upgrades. As
outlined in the procedures memo dated April 16, 1993„the Finance Department added each applicant
with a completed application to PCDC's accounting system pursuant to the program.
This project.implements,an existing program and provides funds to local property owners to complete
safety upgrades to unsafe buildings Once improved, these buildings are viable commercial buildings
that allow businesses to occupy the buildings and. provide increased tax revenue. The program also
creates jobs though the construction work.
Fire Sprinkler Subsidy:Program (Item#s.16-171
Pursuant to Resolution 07-162, the City of`Petaluma established a grant,programto help pay for fire
sprinkler upgrades in the Historic Downtown District. There are two outstanding applications (totaling
$21,031), one-dated 10/28/09 and another dated 11/28/2011.
Once improved, these buildings will be viable commercial buildings that allow businesses he) occupy the
buildings. The program also creates jobs though the construction work.
Form C
Administrative:Costs..(ltem'# j)
ABx1 26 provides for an allotment of funds (up to 5%of tax increment allocated to the Successor Agency
for the first year and 3% each,subsequent year)to pay to administer the Successor Agency. The first
year allowance'totals$384,404 and is broken down on Exhibit D.
Form D
Item U 1—26
This form outlines each required pass-through payment to affected taxing agencies. This ROPS`identifies
approximately$2,395,000 due to taxing agencies.in March of 2012'as shown at the bottom of the March'
Column.
Petaluma,Oversight Board Page 8 April 18, 2012
7 r
: s 00 (Finance 4.471 Petlmcty:PCPD01-I'CDPLEV,ECDP2001) Page 7
}�%��� 001 11:51 am Prepared try KellingNorthcross&Nobnas
BOND.DEBT SERVICE
Petaluma Community,Development Project
• 2001PCDP
Dated Date 06282001
Delivery Date 06/2 8,7001
Annual Bond Total
Int Debt Service Debt Service Balance Bond Value
Period Coupon
Ending Principal � 4;025,000 4,025,000
4,025,000 4 025,000'
/1/282001 54,020:92 54,020.92 ,025,000
05/01/2002 270 000 3.500% 79,055100 349,055:00 403,075.92 3,755,000
05/01/2002 74,330:00 3,755,000 3,755,000
74,330.00 398,660.00 3,505,000 3 505,000
11/01/2002 - 3:500% 74,330.00 324;33000 3,505,000 3505,000
11/072003 250;000 69,955.00 69,955.00 - , 45,000
69,955.00 329,955.00 399,910.00 3,245,000;
'11/0712003 260.060 3,500'/0 3245,000 ,145,000
05/012004 65,405.00: 65,405.00 0 975,000
11/01/2004 270000 3,500% 65,405.00 335,405.00, 400;810.00 2.975'000 2,975;000
60,680.00 2,975,000
05/01/2005 60,680.00 2 700,000
11/01/2005 275;000 3.600% 60,680.00 335,680.00 396,360.00 2700.000,, 2,700,000
11/01/2006 55,730.00 55,730.00 2,410,000
0 /012007 55,730.00 345;730.00 401,460.00 2,410,000 2;410,000
3.700°/ 50365.00 2,410,000
05/01/2007 290,000 50,365100
05/01/2008 305.000 3.800% 50,365:00 355;365.00 405,730.00 2105,000 2105;000
ii/012008 44,570.00 44,570.00
2105,000' 2,105,000
05/01/2009 44,570.00 359;570.00 404,140.00 179%000: 1790,000'
315;000 4.000% 384270:00 1790,000 1790,000
05/01/2009 38170:00
05/01/2009 330,000 4.000% 38,270100 368,270.00 406,540.00 1460,000 1'460,000
/1/012010 --- 31,670.00 31;670:00 1,160,000
0 31,670.00 ?71,670.00 403,340.00 1420,000-.4 1
11101/2010 340,000 4:125/0 - 120,000,
05/01/2019. 24,657.50 24,657.50 765,000
15/012011 355,000 4.300% 24;657:50 379;657:50 404,315.00 765,000 765;000
_ 765,000
05/012012 17,025%0 17025:00 390 WO _ 390;000
05/012013 375000 4400°A 17,025.00 392,025.00 409 050.00
05/012013 g,j75.00
8;775.00 390.000 390.000
11/01/2013 390,000 4'.500% 8;775.00 398,775.00 407,550.00 -
OS/012014'
4',025,000 1,215;940.92- 5,240,940.92 5;240,940.92
•
•
AMORTIZATION 901-1E00t F I Determination Period Bond Year
Petaluma TAB 2003A 104823000
LIT ACCRIES FROM: tOR6/203 ORIGINAL O/S: .$23030,00000 - AVG AVG ANVIL WS: '$1,559,71876
FI451':PAYMENT DATE: 5/52004 .. . MULTIPLES OF: ,35000. WGMDAVG MAT:
FINAL MATURITY: 5/1/2033 DAYS IN YEAR 360 125%X av9 annual dls '.$18949,843.95
51A%ANNUAL D.6ERV:
$3.018,750.00 TOTAL YEARS TO CALC AVG ANNC ._ 30 :_ 10%OF PROCEEDS: 32,3830090
" - YEARLY - - - YEARLY PRINCIPAL
DATE" COUPON: PRINCIPAL DUE: 'INTEREST DUE,:. :DEBT SERVICE DEBT SERVICE DEBT SERVICE • OUTSTANDING.
5/1/2004 $ . 540,017.75 5540.01775 $540,017.75. ...-$23,200,000.60
11/12004 3 531,165.0- '$531;165.00 51,071,182.75 $23,200,000.00
5/12005 -5 531165.0 5531.165.00'. 51,062,330.00 323,200000 00
11/12005 - . 4' 531;165.00 _ 5531,165.00, $1,062,330.00 $23,200,000.00
.5/12006 -' 3. 531165.00:'.-___ .$531pfi5.0 $1,062,330,00 523,200,000.00
11/12006 - '3'. 531;185.00 $531,165.00 $1,062,33000 : - $23,200,10000
5112007 T.- 531',185.00 "'',$511;18500 _ - $1,062,330.00. : 323,200,000.00
11/12007 : $ 531,165,00. ' 3531,18500, :$1,062,330.00 . - .523,200,000.00
5/1/2008 2250% 3430,060.00' $ 531,165.00 5961;165.00 -$1,492,33000 $22,770,00.0'
11/12008 $ 526.327,50 $526,327.50 51487,492.50 $22,770,000.00
5/1209 2.750% ' $445,000.00 $ - 526,327.50 $971327.50' '$1;497,655.00 $22,325,000.00
11/12009 - .. $ -520,208.75 - $520208.75' $1,491,536.25 422,325.000,00
5/1/2010 3.125% $460,600.00 $ 520,208.75 $980,208.75 _ - _ :51,500,41750: 321,665,00.00
11/12010' ' '5 513,021.25' " $513,021.25 $1,493,230.00 _$21,865, 00.00
.5/12011 3375% $475,086.00''.5 513,021.25' $988,021.25 - °`$1501,042.50. :__$21,390,000.00
11/12011 . • . $ 505005.6 550500543': '$1;493026.88 321,390,000.00
5/1/2012 3.500% • $495,000.00 $ 505,005,6 . $1,00,05.6' '. _ - 41,505,011,25' $20,895,000.00
- 11/1/2012 ' $ - '496,343.13 :$496,343.13 51,496,348.75 $20,895,000.00
5/12013, 3.625% $505,00000 $ '498,343.13 ' 41,001,343,13 . .$1,497,68625: $20,390,00.00
11/1/2013 - $ 487,190.0 - - 15487,19000. $1,488,533.13 . -520,30,00.00
21/2014 3.875% $520,00.00 $ 487,190.00 $1,07,190.0. , - - I - $1,494,30.0 519,870000.00
11/12014 3 -477,115.0 $477,115.00 . 54484,305.00- . - $19,870,00.0
5/12015 4.00% -$515,00.0 $ .477,1150 ''$092,1150 '$1,469,230.0'.. .$19,355,00.0
11/1/2015 $ 468,815.0 $466,815.0 $1,458,930.0 ' $19,355000.0
5/12018. 4.10% 5535,00.0. $ 466,8150. $1,01,315.0 - ' 51 468,630.00 ,$18,820,00.0
11/1/2016 $ 455,847 50 " _. - $455,84?50'._ ' $1,457,882.50 . _ - .$18,820,00.0
5/1/2017 4.200% $555,00.00 '$ 455,847.50. ._;51,010,847.50 .. _ - . $1'466,695.0 $18,285,00.0
11/1/2017 $ 444,192.50. .1444.192.50 $1,455,040.0.' ' - - ' $18,265,00.00
5/1/2018 4.300% $575,0000 $ 444,192.50`" $1,019,192.50 ' 51,463,385.0 517,690,000.0
11/1/2018 $ . 431,60.0: ,5431,830.00 $1451,022.50 - 3/7090 000.00
5/1/2019 440% $605,00.0 $ 431,830.0 151,038,830.0 $14686600 317,085,00.0
1111/2019 :. .5 418520.0 4418,520.0' $1 455,3500 ..:$17,085,000.0 ,
5/1/2020 4.500% $630,000.00 '3 418,520.00 51,048,52000- $1,467,040.00 $18,455,000.00.
11/1/2020 4.- 404,345.0: $404,345.0: $1,452,065.0 :: - ' 316,455,000 00
5/1/2021 4.500% 5660,000.0 5. 404.345.0 '51,064.345.00: .. $1,468,6000 • $15,795,000.0
11/1/2621 5 _389,495,0 5389,495.0 51;453,840,0. .` - ...... T 1 $15,795,000.0
..512022 4.625% $690,00.0 $ -389,495.0 $1,079,495.0 .. . ,$1468,990.0 ._.$15,105,00.0 ,
..11/1/2022 $ 373,838.75 $373,536.75' ..$1;453,03375';1. - ' . - 415,105,00.0
'5/12023 4.80% 4725,00.0 $ 373,538.75 . -_$1,098,538.75 $1,472,07750. $14,380,00.0
11/12023 $ 356,138,75 ' $356,138.75 $1;454,577.50 s 414,380,00.0
5/12024 4.800% $760,000.00 $ 356,138.75' , $1,116,138.75' .. _ , . _ 61,472,277.50'. 513,62000000
11/1/2024 '$ .337,898.75 $337,898.75. $1,454,037.50' - $13,620,000.00
5/1/2025 _. 4.850% " 3765,000.0 $ . 337,808.75 31,122,898.75 .. _ 31.480.797 50 - 512,835,0000
11112025 .. $ -. 318,862.50. ' 5318,86250 ' x$1441,781:25 I .- , 7'- $12,835,00.0
5/12026 4.850% $835,00000 5 "318,862.50 311153,862.50 . .: . '$1472,715.00 $12,000,600.00 .
11/1/2026 : $ 298,813,75 $298,61375 . $1,452,476,25 , $12,000000
X511/2027 4850% "$880,00.0 '.$ 296,81375 41;178,613.75 _$1477,227.50 311,120,00.0
11/12027 . '3 277,273.75 4277,27335 $1,455,887.50 - - - . $11,120,00.0
5/1/2028 4.950% 5920,000.0' 5' _ 277,273.75 '- $1,197,273.75 I ' 41:474,597.50 310,200,000.0 '
1/112028 - . ..$ ,254.60.75 .:5254,503.75 .51,451,777.0.. 510,20,00.0
5112029 4.950% $970,00.0: $ 254,503.75 52,224,50335 - - - .31479,07.50- 49,230000.0
I - ' .
11/1/2029 . 3 230,498.25 . .'$20,4025 $2:455,00.0 59,230,00.0
5/1260 . 4.950% $1,045,00.0 '$. _.230,498.25 51,245,49625' $1,475,002.50 38,215,000.0
11/12030 $ ' 205,375.0' '5205,375.0 ' 51''.450,87125 58,215,000.0
5/12031 . 5.00% 52,605,00.0 $ - 205,375.0 $2010,375.0 - :33,315,756.0 $5,81000.0.
11/1/2031 - $.. :140,2500. 5140,250.0 52,90,6250 $5,610,00.0
5/1/2032 5.00% $2,735,000.0 $ 140.250 CO :$2,875,250.00. $3,015,5000 $2,875,00.0.
'11/12032 $ 71,675.00 --'$71,875.0 $2,947,126.0 , $2,675,000.0
5/1/2033 5.000%' $2,875,000.00 $ :71.875,00. .'$2,946,875.0 ' $3,018,750.00 $0.00
TOTAL 523,200,000.0 $ 23,591,50275 $43,844.627-75' 546,791,50275 .
------
IBOND DEBT SERVICE
Petaluma Community Development:Commission •
Petaluma Community DevelopmentProject
I
Refunding County,California)
g Tax'Allocation Bonds,Series 2005A
"*FINAL PRICIl8161=September 21,2005'
I . Period
Annual
Principal Coupon Interest Dcbi Service Debt Service •
10/06/2005 . -- -- ------ —
I05/01/2006 90,000 3.00046 454;445:85. 544,445:85 544;445.85;
1 1/01/2006 397,675.63 393,675.63
05/01/2007 100,000 1000% 397,675:63 497,675.63 .895,35l:26
I 11/01/2007
396;1 75.63 396;17563
05/01/2008 105,000 3.000% 396,175.63 501,175.63 897,351.26
11/01/2008 394;600.63 394,600.63
05/01/2009 105,000 3:000% 394;600163 499;600.63 894,201-:26:
• I 1 1/01/2009 393;02, G3 393;025.63
05/01/2010 260,000 3.000% 393;025:63 653;025.63 1,046,051.26
1170I/2010 389,125.63 389,125.63
I 05/01/2011 270;000 3125% 389;125163 639,125.63 1,048,25126.
11/01/2011 384;946.88 384;906.88
05/01/2012 275;000 3300% 384,906:88. 659;906.88 1.044;813:76'
,11/01/2012 380,369.38 380,369.38
05/01/2013 285,000 3.375% 380,369.38 665,369.38 1,045,738;76
I 11/01/2013 375,560.00 375;560.00
05/01/2014 300;000 3.500% 375,560100 675,560.00 1.051,120100
11/01/2014 370,310.00 370,310.00
I 05/01/2015 750000 3.625% 370,310.00 1,120,310.00 1,490;620:00
11/0112015 356;716.25 356,716.25
05/01/2016 775,000 3.750% .356;716.25' 1,131-,'716.25 1;488,432.50
11/01/2016 342,185.00 342,185.00 .
I 05/01/2017
1 1/01/2017 810,000 4000% 342,185.00 52185,00 494;37000
325,985.00. 325.985.00
05/01/2018 840,000 4.000% 325;985:00 1,165;985.00 1,491;970.00
11/01/2018 309,18560 309185.00
I 05/01/2019 870,000 4.125% 309/185:00 1,179,185.00 -9';488;370;00
11/01/2019 291,241:25' 291,241.25
05/0/72020 910,000' 4.200% 291;249:25 1,201;241.25 1,492;482:50
11/01/2020 272,131.25' 272,131:25,
I 05/01/2021 945;000 4:250% 272,13705: 1,217,131.25 1,489;262150
11/01/2021 252,050.00 252:050.00
05/01/2022 985,000 4.250% 252,050.00 1,237,050!00 1,489;100 100
11/0112022 231,11875 231:118.75
05/0112023
1,030,000 4.300% .231,11875 1;261,418.75 1,4921237.50
((/01/2023 208,973.75 208,973.75'
05/01/2024 1;070,000 4300%- 208,973..-75 1278973,75 1,487;947:50
11/01/2024 185;968 75 185,968:75. .
05/01/2025 1,130,000 4.375% 185,968 75. 1,315,968.75 1,501,937.50
11/01/2025 161,250.00 161,250.00
05/01/2026 1,170,000 5.000% 161,250.00 1•331,250.00 1,492,500.00
I 11/01/2026 132,000.00
05/01/2027 1;225,000 .5.000°6 132,000.00 1,357,000.00 1.489,000.00
31%01/2027 101,375:00 101,375.00
05/01/2028 1385,000 5.000% 101,375.00 1,386,375.00 1,487,750.00
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ISep 21,2005 11:42 am Prepared by Banc of America Securities (Finance 5.015 city of petalumaPRICE=ADVREF,ADVREF) Page II
g BOND DEBT SERVICE
89 .Petaluma Community bevelopment,Commission.
Petaluma Community Development Project
(Sonoma County,California)
Refunding Tax.Allocation Bonds,-Series'2005A
**FINAL PRICING---September 21,2005**
Period Annual
Ending Principal Coupon Interest Debt Service Debt Service
11/01/2028 69,250.00 69,250.00
05/01/2029 1,350,000 5.000% 69,250.00 L419,250.00 1,488,500.00
1 1101/2029 35,500.00 35;500.00
05/01/2030 1,420,000 5.000% 35,500.00 1,455,50000 1,491,000.00
18,355,000 13,967,804.67 32.322,804.67 32,322,804.67
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Sep 21,2005 11:42 am Prepared by Banc of Arnerica Securities (Finance,5.015'city ofpetaluma:PRICE-ADVREF,ADVREF) Page 12
NET DEBT SERVICE
• Petaluma Community Development Commission
Merged;Project Area
Subordinate Tax AllocationBonds,'Series 2007
"FINAL PRICING"
` Total Net. Annual
Date Principal Interest pDebr Service Debt Service. Net D/S .
11/01/2007 780,500.45 780;500.45 780,500.45
05/01/2008 115,000 698955:63 ;813,955.63 813;955 63 1,594,456.08
. 11/01/2008 696,655.63 696655.63 696,655.63
05/01/2009 205,000 696,655.63 901,655.63 901,655,63 7;598,31,1:26
11/01/2009 692,555-63. 692;555.63 ' 692,555.63
- 05/01/2010 205,000 692,555:63 897,555.63 897,555.63 1,590,111.26
11/01/2010 688,455.63 688,455.63 688,455-.63
05/01/2011 220,000 688,455.63. 908,455.63. 908,455.63 1,596,91.1126
11/01/2011 683,505.63 .683,505.63 683,505.63
05/01/2012 230,000 683,505.63 '913,505-63 913,505.63 1,597,011.26
11/01/2012 678.905.63 678,905.63 678,905.63
05/01/2013 240,000 678,905.63 918,905:63 918,905.63 1,597;811.26
11/01/2013 674,10563 674,105.63 674,105.63
05/01/2014 250,000 674,105.63. '924,105.63 924,105.63 1,598;211126
11/01/2014 669,105.63 669;105.63 669,105.63
05/01/2015 '255,000 669,10563 924,105.63 924,1,05:63 1,593,21126
•
11/01/2015 664,005.63 664,005.63 664,00563
05/01/2016 265,000 664,005.63 929,005.63 929,005:63 1,593,011126
11/01/2016 658,705.63 658,705.63 658,705:'63
05/01/2017 270,000 658,705.63 928,705.63 928,705.63 1,587,411.26
11/01/2017 653,305.63 653,305.63 653,305:63
05/01/2018 290,000 653305.63 943,305.63 943,305.63 1,596,61.1.26 .
. 11/01/2018 • 647,505:63 647,505.63 647,505.63 •
05/01/2019 300,000 647;505.63 947,505.63 947,505.63 1;595,011.26
11/01/2019 646,505::63 641,505.63 641,505.63
05/01/2020 310,000 641,505.63 951,505.63 951,505:63 1,593',011.26
11/01/2020 635,305.63 635,305.63 635,305.63
05/01/2021 320,000 635;305.63 955;305.63 955,305.63 1;590,611.26
11/01/2021 628:905.63 628,905.63 628,905163
05/01/2022 335,000 628,905.63 963,905.63 963,905:63 1;592;81126
11/01/2022 621,996.25 621,996.25 621,996:25
05/01/2023 345;000 621,996:25 966,996:25 966,996.25 '1:588;992150
11/01/2023 614,880.63 614,880.63 614;880.63
05/01/2024 360,000 6141880!63 974,880:63 974,880.63 11589.761.26'
11/01/2024 607;230.63 607,230.63 607,230.63
05/01/2025 - 375,000 607,230.63 982,230.63 982,230.63 1,589,461.26
11/01/2025 599,261:88 599,261.88 599.261:88.
05/01/2026 385,000 599261.88 984261.88 984,261188 1,583,523.76
l 1/01/2026 590,984'38 590,984.38 590,984.38
.05/018027 405;000 590;984'.38 995;984.38 995;98438 1;586,968.76
11/01/2027 582325.00 582,125.00 582,125.00 - •
05/01/2028 425,000 582,125:00 1,007;125.00 1,007,125.00 1,589,250.00
11/01/2028 572,828.13 572,828.13 572;828.13
05/01/2029 440,000 .572,828.13 .1,012,828.13 1,012,828.13 1,585,65626 •
11/01/2029 , -563,203.13 563,203.13 563203.13
05/01/2030 455,000 -563,203.13. 1,018,203.13 1,018,203.13 1,581,406 26
11/01/2030 553250.00 553250.00, 553,250..00
05/01/2031 430,000 553,250.00 983;250.00 983,250.00 1,536,500.00
11/01/2031 543,843.75 -543,843.75 543,843.75
05/01/2032 445,000 543,843.75 988,843.75 988,843.75 1,532,687.50
11/01/2032 534,109.38 534,109.38 534,109.38
05/012033 465,000 534,109:38 999,109.38 999!109.38 1,533;218.76
11)01/2033 523,937:50 523,937:50 523,937.50
05/01/2034 3;505,000 523,93750 4,028,937.50 4,028,937.50 4,552;875:00
11/01/2034 447,265.63 447,265.63 447 265.63
05/01/2035 3;655,000 447,265.63 4,102,265.63 4,102,265:63 4,549,53.126
11/01/2035 367,3,12:50 367,312:50 367,312:50
05/01/2036 3,815,000 367;312.50 4,182,312.50 4,182,312.50 4,549;625.00
11/01/2036 281,475.00 281,475:00 281,475.00'
05/01/2037 3,990,000 281,475:00 4,271,475.00 4;271,475:00 4,552,950.00
Mar-29,2007 11:09 am Prepared by Banc of America Securities'LLC Page 11
--
NET DEBT SERVICE
1 Petaluma]Commoni ty'Development£ommission-
Merged Project Area
Subordinate Tax.Allocation Bonds.Series 2007
- . ....**FINAL PRICING** •
Total Nei Annual
Date Principal Interest Debt Service Debt Service Net D/S
I 11/01/2037 191 700.00 191,700.00. 191.700.00
05/01/2038 4,165,0[)0 191,700 00 4,35630Q 00 4,356,700 00 4,548 400.00
1.1/01/2038 97.987.50 97,987.50 0,987.50
I 05/01/2039 —4,355,000 97,987.50 4,452,987.50: 4,452,987.50 4,550,975.00
®g 31,825,000 36,691,296.30 68,516,29630 68:516,296.30 68;516,296.30
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L:09 am Prepared by Banc of America Securities LLC Page 12
Petaluma Community Development Commission
Merged Project Area
•
Subordinate Tax Allocation Bonds, Series 2011
Semi-Annual Debt Service Schedule
Payment ..
Principal Coupon Interest Gross DSRF Net
Due
5/1/2011 66,559x18 66,559:18 66,559.18.
1 .11/1/2011 272;287.55 272,287.55 -272;287.55
[ 5/1/2012 650,000 4.79% 272,287.55 922,287.55 922,287.55
.11/1/2012 256,720.05 256,720.05 256,720.05'
5/1/2013 682,000 4.79% 256,720.05 938,720.05 938,720.05
11/1/2013 240,38615 240,386.15 240;386.15'
5/1/2014 714,000 4.79% 240,386;15 954,38615 954;386.15
11/1/2014 223,285.85 223,285:85 223;285.85.
5/1/2015 749;000 4.79% 223,285.85 972,285.85 972;285.85
11/1/2015 205,347:30 205,347.30 205;347.30
5/1/2016 784,000 4.79% 205,347-:30 989,347.30 989;34730
11/1/2016 186,570.50 186,570.50 186,570.50
5/1/2017 - 822,000 4.79% 186,57030 1,008,570:50 1,008,570.50
11/1/2017 166,883.60 166,883.60 166,883.60
5/1/2018 861,000 4.79% 166,883.60 1,027,883:60 1,027,883.60
11/1/2018 146,262:65 146,262.65 146,262.65
5/1/2019 903,000 4.79% 146,262:65 . 1,049,262:65 1,049,262.65
11/1/2019 124,635:80 124,635.80 .124,635.80
5/1/2020 946,000 4.79% 124,635180 1,070,635.80 1;070;635.80
11/1/2020 101,979:10 101,979.10 101,979.10
5/1/2021 991,000 4.79% 101,979.10 1,092,979.10 1,092;979.10
11/1/2021 78,244:65 78;244:65 78,244.65.
5/1/2022 1,039,000 4.79% 78;244:65 1,117,244.65 1,117,244:65
11/1/2022 53,360.60 53,360.60 53,360.60
5/1/2023 1,088,000 4.79% .53,360;60 1,141,360.60 1441,360.60
11/1/2023 27,303:00 27,303.00 27,303.00
5/1/2024 1,140,000 4.79% 27,303.00 , . . .;1,167,303.00 (1,136,900) 30403.00.
Total ;;: 11,369;000 4,233,092.78 15,602,092.78 (1,136,900) 14,465,192.78
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Recognized Obligation Payment Schedule Forecast.
FY12-13 FY 13-14 FY 14-15 FY15-16
REVENUE -TRUST ACCOUNT
(Formerly PCDC Tax Increment) '$ 14,000;000 $ 14,000,000 $ 14,000,000 $ 14,000,000
•
Pass through Payments to Taxing Entities (4,200;000) (4',200,000) (4,200,000) (4,200,000)
County Administration (estimated), (250,000) (250,000) (250,000) (250,000)
State Administration (estimated) (50,000) (50,000) (50;000) (50,000)
Net Tax Increment $ 9,500,000 $ 9,500,000 $ 9,500,000 $ 9,500,000
ENFORCEABLE OBLIGATIONS:
Bond Payments (Lines 1-5):
2001A TAB 409,050 407,550 - -
2003A TAB 1,497,686 1,494,380 1,469,230 1,468,630
2005A TAB ,1,045,739 1,051,120 1,490,620 1,488,433
2007A TAB 1,597,811. 1;598,211 1,593,211 1,593,011
2011 ATAB , 1,195,440 1,194,772 1,195,572 1,194,695
Bond Subtotal 5,745,726 5;746,034 5,748,633 5,744,768
Proj. Management Compliance,(Line6'7) 144,100 144,100 144,100 144,100
Affordable Housing Compliance(Lines8-11) 322,500 322,500 322,500 322,500 '
Affordable Housing Compliance(Linesl2-15) 861,400 861,400 861,400 861,400
Project Managment (Lines-16-18) 97,500 72,500 50,000
Misc. Obligations(Line19-22) 95,600. 95,600 95,600 95,600
Misc. Obligations (Line23-24) 500,000 500,000 500,000 500,000
Other Obligations.Subtotal 2,021,100 1,996,100 1,973,600 1,923,600
TOTAL ENFORCEABLE OBLIGATIONS 7;766,826 7,742,134 7,722,233 7,668,368
Administrative'•Payment - 250',000 250,000 250,000 250,000
TOTAL ROPS.ALLOCATION $. 8,016,826 $ 7,992,134 $ ' 7,972,233 $ 7,918,368
NET REVENUE AFTER OBLIGATIONS
TO•TAXING ENTITIES $ 1;483,174 $ '1,507,866 $ 1,527,767 $ 1,581,632
OVERSIGHT BOARD RESOLUTION. NO.
RESOLUTION OF THE OVERSIGHT BOARD FORMED PURSUANT TO HEALTH
AND SAFETY CODE SECTION 34179 TO OVERSEE THE SUCCESSOR AGENCY
FOR THE FORMER PETALUMA COMMUNITY DEVELOPMENT COMMISSION,
APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE AND THE
SUCCESSOR AGENCY ADMINISTRATIVE BUDGET FOR THE PERIOD ENDING
JUNE 30, 2012; AND MAKING RELATED FINDINGS AND DETERMINATIONS AND
TAKING RELATED ACTIONS IN CONNECTION THEREWITH.
WHEREAS, on December 29, 2011, the California Supreme Court delivered its
decision in California Redevelopment Association ;v. Matosantos, finding ABX1 26 (the
"Dissolution Act") largely'constitutional; and
WHEREAS; under ABx1 26 (the "Dissolution Act") and the California Supreme
Court's decision in California Redevelopment Association v. Matosantos, all California
redevelopment agencies, including the Petaluma Community Development Commission
(the "former PCDC" "),, were dissolved on February 1, 2012; and
WHEREAS, on January 9, 2012 by Resolution No.2012-007 N.C.S. the City
Council elected that the City of Petaluma serve as.the Successor Agency to the former
PCDC, subject to all limitations, conditions and qualifications stated in that resolution;
and
WHEREAS, under the Dissolution Act, the City in its capacity as Successor
Agency must prepare a "Recognized Obligation Payment Schedule" ("ROPS")that
enumerates the enforceable obligations and expenses of the Successor Agency for the
six-month period ending June 30, 2012; and
WHEREAS, on April 16, 2012, the City Council approved the ROPS for the six-
month period ending June 30, 2012 for the Successor Agency; and
WHEREAS, under the Dissolution Act, the ROPS must be approved by-the
Oversight Board to enable the City, acting as the Successor Agency, to continue to
make payments on enforceable obligations of the former PCDC; and
WHEREAS, pursuant to the Dissolution Act, the duly-constituted Oversight Board
for the Successor Agency met at a duly-noticed public meeting on April 25, 2012 to
select a chair and carry out certain other administrative tasks, and to obtain an overview
of the Dissolution Act and the ROPS, including the Successor Agency Administrative
Budget, consider obligations listed on the ROPS, and consider approval of the ROPS;
and
WHEREAS, after reviewing the ROPS, including the Administrative Budget,
presented to and recommended for approval to the Oversight Board'by Successor
Agency staff; and considering the related recommendations of Successor:Agency staff
with respect to authorization for continuing specified agreements and/or related
obligations and programs, including agreements and related obligations.and'programs,
if any, that may be declared invalid under the;Dissolution Act, and authorization
concerning entering into such further a greements or amendments as.are necessary to
implement,the recognized obligations in the ROPS; and after considering any written
and oral comments from the publicrelatingthereto.
NOW, THEREFORE, BE IT RESOLVED that the Oversight Board, formed
pursuant to California Health and.Safety CodewSedtion 34179 to oversee,the Successor
Agency for the former PCDC, hereby finds, resolves, and determines as follows;
1. The foregoing recitals are true and correct.
2. The Oversight Board hereby approves the ROPS, including the Successor
Agency Administrative Budget, in the form presented to the Oversight Board and.
attached hereto as Attachment A, including;the agreements and obligations;described in
the ROPS, and hereby determines that such'agreements and obligations constitute
"enforceable obligations" or"recognized obligations" for all purposes of the Dissolution
Act. In connection with such approval, the Oversight Board makes the specific findings
set forth below.
3. The Oversight Board hereby determines that noneof theagreements or
obligations of the'former PCDC with private parties (listed as Items 8-10 and 19-22 on
Form A on the ROPS and Items 1., 3-4, 6-;and 11-17 on Form B on the ROPS)
should be terminated or renegotiated to reduce liabilities and increase net revenues to
the taxing entities. Pursuant to Health and Safety'Code 34181(e) .the Oversight.Board
hereby,finds,that there is insufficient evidence that amendment or early termihation of
such private agreements would be in the best interests of the taxing entities, and
' further finds that.the continuation of such agreements would further the fiduciary
responsibilities of the Oversight Board to the holders of enforceable obligations.
4: Pursuant to Health and Safety Code Section 34181(d), the Oversight
Board has considered whether to terminate agreements of the PCDC or the City
utilizing former PCDC funds and any public entity located in thesame county,
obligating the former PCDC to provide funding for the construction or operation;of
facilities owned or operated by such public entity. These agreements.are listed as
Items 16-18, and,23 on Form A of the ROPS and Items 2, 5, 10, 18, and 19 on Form B
on the ROPS. The;Oversight Board hereby determines that there is insufficient
evidence that termination of such,public entity agreements would be in the best
interests of the taxing entities, and that the continuation of such agreements would
further the fiduciary responsibilities,of the Oversight Board to the holders of
enforceable,obligations. The Oversight Board further finds that the ongoing
performance of these public agreements will allow the completion of critical
infrastructure that supports both countywide and city traffic,and/or pedestrian
circulation needs, provides critical support,tothe region's low-income population,
and/or supports'the remediation.of contaminated properties in the former PCDC's
redevelopment project areas, and'wiIl benefit!taxing entities in the areas by increasing
property values in those areas into the future.
5. Pursuant to Health and'SafetyCode,Sections 34178(a) and 34180(h), the
Oversight Board has considered the. request of the Successor Agency that, in the event
that the Cooperative Agreement between the-City of Petaluma and the former PCDC
dated January 31, 2011 is determined by the State'Department of Finance to be
invalid, the programs and obligations contained in such agreement should be
authorized to continue.forthe purpose of funding the items listed as Items 12-15 and
24 on Form A ofthe'ROPS. The Oversight Board determines that the continuation of
the Cooperative Agreement, and/or of the obligations and programs thereunder would
be in the best interest of the taxing entities. The Oversight Board further finds that the
ongoing performance of such public agreements,.,obligations and/or programs will
decrease or eliminate adverse conditions in the former PCD'CIs redevelopment project
areas that hinder private investment in those areas, and°vaill°benefit taxing entities by
increasing property values in those areas into the future: The Oversight Board also
finds that the ongoing performance of such agreements, obligations, and/or programs
will provide significant indirect benefits to the taxing entities,;including, but not limited
to providing needed economic development and affordable housing programs, which
will increase local property tax revenues and reduce required services needed by low-
income populations.in the former project area. Accordingly, the Oversight Board
hereby authorizes and directs that the 2011 Cooperative Agreementand/or the
programs and obligations there under'shall continue, and that the Successor Agency
shall take any and all steps as may bernecessary to effectuate the intent of the, 2011
Cooperative Agreement"and the obligations and programs thereunder.
6. The Oversight Board has examined the remaining items contained on the
ROPS and finds that each of them'is necessary for the continued maintenance and
preservation of property owned by the Successor Agency until disposition and
liquidation, the continued administration of the ongoing agreements herein approved by
the Oversight Board, or expeditious wind-down of'the affairs of the former PCDC
by the Successor Agency.
7. The Successor Agency is authorized and directed to enter into any
agreements and amendments to agreements necessary to memorialize and implement
the specific agreements and obligations in the ROPS and herein approved by the
Oversight Board.
8. The Oversight Board authorizes the Successor Agency, pursuant to
Health and Safety Code Section 34180(e), to continue the acceptance of public
financial assistance for Items 16 and 18 on Form A of the BOPS, notwithstanding that
such assistance is.conditioned upon the provision of matching funds in an amount
greater than five percent.,
9. The Oversight Board authorizes and directs the Successor Agency staff to
take all actions necessary underthe Dissolution Act to postthe,ROPS on the
Successor Agency website, transmit the ROPS to the Auditor-Controller-of the County
of'Sonoma and to the;State Controller and the State Department of Finance, and to
take any other actions necessary:to ensure the validity of the ROPS or the validity of
any enforceable obligation or otheragreement approved by the Oversight.Board in this
Resolution.
Adopted this day of April, 2012 by'the following vote: