Resolution Number SACRA 21-09-07-01RESOLUTION NO. SACRA 21-09-07-01
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUCCESSOR
AGENCY TO THE SAN JUAN CAPISTRANO COMMUNITY
REDEVELOPMENT AGENCY APPROVING THE AMENDED
RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS) FOR THE
PERIOD FROM JANUARY 1, 2022, THROUGH JUNE 30, 2022, AND
TAKING RELATED ACTIONS
WHEREAS, pursuant to Health and Safety Code Section 34177(o), the Successor
Agency to the San Juan Capistrano Community Redevelopment Agency (the "Successor
Agency") must prepare a Recognized Obligation Payment Schedule listing the anticipated
payments for enforceable obligations to be made by the Successor Agency during the
fiscal period from July 1, 2021, through June 30, 2022 ("ROPS 21-22") and submit ROPS
21-22 to the oversight board having jurisdiction over the Successor Agency (the
"Oversight Board") for approval, then to the California Department of Finance ("DOF") for
approval at which time it becomes effective;
WHEREAS, on January 26, 2021, the Oversight Board approved the ROPS 21-
22;
WHEREAS, on January 29, 2021, the Successor Agency submitted the Oversight
Board -approved ROPS 21-22 to DOF for approval;
WHEREAS, upon submission, DOF adjusted the ROPS 21-22 by removing tax
increment funds for fifty percent of the final payment of the 2016 Subordinate Tax
Allocation Note and directed the Successor Agency to use bond proceeds for payment;
WHEREAS, the Successor Agency holds no bond proceeds associated with this
debt issue and therefore, as it is permitted to do prior to October 1 of each year, amended
ROPS 21-22 ("ROPS 21-2213") to provide for a reinstatement of the tax increment funds
requested, as well as an adjustment for the final payment due on the Chrysler owner
participation agreement that takes into account the actual amount required for the final
payment, which had been estimated in the ROPS 21-22; and
WHEREAS, the Successor Agency requests that the Oversight Board approve the
ROPS 21-22B pursuant to this Resolution.
NOW, THEREFORE, BE IT RESOLVED BY THE SUCCESSOR AGENCY OF
THE SAN JUAN CAPISTRANO COMMUNITY REDEVELOPMENT AGENCY:
Section 1. The above recitals are true and correct and are a substantive part of
this Resolution.
Section 2. ROPS 21-22B, substantially in the form attached hereto as Exhibit
A, is hereby approved. The Executive Director of the Successor Agency, in consultation
with the Successor Agency's legal counsel, may modify ROPS 21-22B as the Executive
Director or the Successor Agency's legal counsel deems necessary or advisable.
9/7/2021
Section 3. Staff is hereby authorized and directed to post a copy of the
Oversight Board -approved ROPS 21-22B on the Successor Agency's Internet website
(being a page on the Internet website of the City of San Juan Capistrano).
Section 4. The Authorized Officers and any and all other officers of the
Successor Agency are hereby authorized and directed, for and in the name and on behalf
of the Successor Agency, to do any and all things and take any and all actions, which
they, or any of them, may deem necessary or advisable in obtaining the requested
approvals by the Oversight Board and DOF of the ROPS 21-22B. Whenever in this
Resolution any officer of the Successor Agency is directed to execute or countersign any
document or take any action, such execution, countersigning or action may be taken on
behalf of such officer by any person designated by such officer to act on his or her behalf
in the case such officer is absent or unavailable.
Section 9. This Resolution shall take effect immediately upon adoption.
Section 10. The Secretary shall certify to the adoption of this Resolution.
PASSED, APPROVED and ADOPTED this 7t" day of September 2021.
ATT ',ST.
kc
TROY A. BOURNE, CHAIR
RETARY
2 9/7/2021
STATE OF CALIFORNIA
COUNTY OF ORANGE
CITY OF SAN JUAN CAPISTRANO
I, MARIA MORRIS, appointed Agency Secretary of the Board of Directors of the
Successor Agency to the San Juan Capistrano Community Redevelopment Agency, do
hereby certify that the foregoing Resolution No. SACRA 21-09-07-01 was duly adopted
by the City Council of the City of San Juan Capistrano at a Regular meeting thereof, held
the 7th day of September 2021, by the following vote:
AYES:' BOARD MEMBERS:
NOES: BOARD MEMBERS:
ABSE T: l_ BOARD MEMBERS:
S, AGENCY
Hart, Taylor, Farias and Chair Bourne
None
Reeve
ETARY
9/7/2021
EXHIBIT A
ROPS 21-22B
[Attached behind this cover page]
9/7/2021
Amended Recognized Obligation Payment Schedule (ROPS 21-226) - Summary
Filed for the January 1, 2022 through June 30, 2022 Period
Successor Agency: San Juan Capistrano
County: Orange
Current Period Requested Funding for Enforceable
Obligations (ROPS Detail)
A Enforceable Obligations Funded as Follows (B+C+D)
B Bond Proceeds
C Reserve Balance
D Other Funds
E Redevelopment Property Tax Trust Fund (RPTTF) (F+G
F RPTTF
G Administrative RPTTF
H Current Period Enforceable Obligations (A+E)
Certification of Oversight Board Chairman:
Pursuant to Section 34177 (o) of the Health and Safety
code, I hereby certify that the above is a true and
accurate Recognized Obligation Payment Schedule for
the above named successor agency.
ROPS 21-22B
ROPS 21-22B
ROPS 21-22B
Authorized
Requested
Amended
Amounts
Adjustments
Total
$ 40,119
$ -
$ 40,119
40,119
-
40,119
$ 2,448,246
$ 447,460
$ 2,895,706
2,360,278
447,460
2,807,738
87,968
-
87,968
$ 2,488,365
$ 447,460
$ 2,935,825
Name
Title
/s/
Signature
Date
EXHIBIT A - Page 1 of 2
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