Resolution Number SACRA 24-01-16-011 1/16/2024
RESOLUTION NO. SACRA 24-01-16-01
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUCCESSOR
AGENCY TO THE SAN JUAN CAPISTRANO REDEVELOPMENT AGENCY
ADOPTING AN ANNUAL RECOGNIZED OBLIGATION PAYMENT
SCHEDULE FOR THE PERIOD FROM JULY 1, 2024, THROUGH JUNE 30,
2025
WHEREAS, the San Juan Capistrano Community Redevelopment Agency
(“Agency”) was a community redevelopment agency duly organized and existing under
the California Community Redevelopment Law, Health & Safety Code Section 33000, et
seq., which was authorized to transact business and exercise the powers of a
redevelopment agency pursuant to action of the City Council (“City Council”) of the City
of San Juan Capistrano (“City”); and,
WHEREAS, Assembly Bill X1 26 added Parts 1.8 and 1.85 to Division 24 of the
California Health & Safety Code, which laws cause the dissolution and wind down of all
redevelopment agencies (“Dissolution Act”); and,
WHEREAS, on December 29, 2011, in the petition California Redevelopment
Association v. Matosantos, Case No. S194861, the California Supreme Court upheld the
Dissolution Act and thereby all redevelopment agencies in California were dissolved as
of and on February 1, 2012, under the dates in the Dissolution Act that were reformed
and extended thereby; and,
WHEREAS, the Agency is now a dissolved redevelopment agency pursuant to the
Dissolution Act; and,
WHEREAS, by a resolution considered and approved by the City Council at an
open public meeting the City chose to become and serve as the successor agency to the
dissolved Agency under the Dissolution Act; and,
WHEREAS, as of and on and after February 1, 2012, the City Council serves and
acts as the “Successor Agency” and will perform its functions as the successor agency
under the Dissolution Act to administer the enforceable obligations of the Agency and
otherwise unwind the Agency’s affairs, which are now subject to review and approval by
the Orange Countywide Oversight Board (“Oversight Board”); and,
WHEREAS, Assembly Bill 1484, enacted on December 27, 2012, made certain
amendments to the Dissolution Act, including with respect to the process for adopting
Recognized Obligation Payment Schedules; and,
WHEREAS, pursuant to Section 34171(h) of the Dissolution Act, a “Recognized
Obligation Payment Schedule" means the document setting forth the minimum payment
amounts and due dates of payments required by enforceable obligations for each six-
month fiscal period as provided in subdivisions (l) and (m) of Section 34177 of the
Dissolution Act; and,
2 1/16/2024
WHEREAS, pursuant to subdivision (o) (1) of Section 34177, for each period from
July 1 to June 30, the Successor Agency is required to submit an annual ROPS to the
State Department of Finance and the County Auditor-Controller no later than February 1
of each year; and,
WHEREAS, pursuant to subdivisions (l), (m) and (o) (1) of Section 34177 of the
Dissolution Act, staff of the City, acting on behalf of the Successor Agency, has prepared
the annual Recognized Obligation Payment Schedule for the period covering July 1,
2024, through June 30, 2025 (ROPS 24-25), in the form attached to this Resolution as
Exhibit A and incorporated herein by this reference; and,
WHEREAS, pursuant to Section 34177(l)(2)(B) of the Dissolution Act, staff of the
City, acting on behalf of the Successor Agency, is required to provide notice of the
Oversight Board’s consideration of the ROPS 24-25, along with the ROPS and the staff
report submitted to the Oversight Board, to the County Administrative Officer, the Orange
County Auditor-Controller, and the State Department of Finance, concurrently with the
posting of the Agenda for the Oversight Board’s consideration of the ROPS 24-25; and,
WHEREAS, the Successor Agency now desires to approve the ROPS 24-25, ratify
all actions taken by City staff to prepare the ROPS 24-25, and transmit the ROPS 24-25
to the Oversight Board for its consideration.
NOW, THEREFORE, BE IT RESOLVED BY THE SUCCESSOR AGENCY OF
THE SAN JUAN CAPISTRANO COMMUNITY REDEVELOPMENT AGENCY:
Section 1. The foregoing Recitals are incorporated into this Resolution by this
reference, and constitute a material part of this Resolution.
Section 2. The Successor Agency hereby approves the ROPS 24-25 in the form
attached to this Resolution as Exhibit A, which is incorporated herein by this reference.
Section 3. The Successor Agency hereby authorizes the Executive Director
and/or the Finance Officer, acting on behalf of the Successor Agency, or their authorized
designees, to make such augmentations, modifications, additions, or revisions as they
may deem appropriate.
Section 4. The Executive Director or his authorized designees are directed to
transmit the approved ROPS to the Oversight Board, the County Administrative Officer,
the County Auditor-Controller, the State Controller’s Office, and the State Department of
Finance, and to cause the approved ROPS to be posted on the City’s website, all in
accordance with Section 34177(l)(2)(B) and (C) of the Dissolution Act, and take other
actions necessary to obtain approval of the ROPS from the Oversight Board and the State
Department of Finance.
Section 5. This Resolution shall take effect immediately upon adoption.
Section 6. The Secretary shall certify to the adoption of this Resolution.
3 1/16/2024
PASSED, APPROVED and ADOPTED this 16th day of January 2024.
HOWARD HART, CHAIR
ATTEST:
__________________________________ MARIA MORRIS, AGENCY SECRETARY
STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss. 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 24-01-16-01 was duly adopted by the City Council of the City of San Juan Capistrano at a Regular meeting thereof, held the 16th day of January 2024, by the following vote:
AYES: BOARD MEMBERS: Bourne, Farias, Campbell, Taylor, and Chair Hart NOES: BOARD MEMBERS: None ABSENT: BOARD MEMBERS: None
_________________________________ MARIA MORRIS, AGENCY SECRETARY
Recognized Obligation Payment Schedule (ROPS 24-25) - Summary
Filed for the July 1, 2024 through June 30, 2025 Period
Successor Agency: San Juan Capistrano
County: Orange
Current Period Requested Funding for Enforceable
Obligations (ROPS Detail)
24-25A Total
(July -
December)
24-25B Total
(January -
June)
ROPS 24-25
Total
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) $ 267,610 $ 2,468,426 $ 2,736,036
F RPTTF 191,144 2,391,960 2,583,104
G Administrative RPTTF 76,466 76,466 152,932
H Current Period Enforceable Obligations (A+E) $ 267,610 $ 2,468,426 $ 2,736,036
Certification of Oversight Board Chairman:
Name Title
Pursuant to Section 34177 (o) of the Health and Safety
code, I hereby certify that the above is a true and
accurate Recognized Obligation Payment Schedule for
the above named successor agency. /s/
Signature Date
EXHIBIT A - Page 1 of 5
San Juan Capistrano
Recognized Obligation Payment Schedule (ROPS 24-25) - ROPS Detail
July 1, 2024 through June 30, 2025
A B C D E F G H I J K L M N O P Q R S T U V W
Item
# Project Name Obligation
Type
Agreement
Execution
Date
Agreement
Termination
Date
Payee Description Project
Area
Total
Outstanding
Obligation
Retired
ROPS
24-25
Total
ROPS 24-25A (Jul - Dec)
24-25A
Total
ROPS 24-25B (Jan - Jun)
24-25B
Total
Fund Sources Fund Sources
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
$25,042,933 $2,736,036 $- $- $- $191,144 $76,466 $267,610 $- $- $- $2,391,960 $76,466 $2,468,426
3 2008 Tax
Allocation
Bonds, Series
A
Bonds
Issued On
or Before
12/31/10
06/03/
2008
08/01/2033 U.S. Bank,
N.A.
Finance
Agency
Projects in the
Central Project
Area consistent
with the
Redevelopment
Plan
Central 6,299,712 N $642,660 - - - - - $- - - - 642,660 - $642,660
4 2008 Tax
Allocation
Bonds, Series
B (Taxable)
Bonds
Issued On
or Before
12/31/10
06/03/
2008
08/01/2033 U.S. Bank,
N.A.
Finance
Agency
Affordable
Housing
Projects
Central 9,199,691 N $945,075 - - - - - $- - - - 945,075 - $945,075
9 Agreement-
TCAG Ford
OPA/DDA/
Construction
10/19/
2010
03/01/2036 Tuttle Click
Automotive
Group
(TCAG,
Inc.)
Elimination of
Blight/Business
Retention
Central 191,144 N $191,144 - - - 191,144 - $191,144 - - - - - $-
28 Administrative
Cost
Allowance
Admin
Costs
07/01/
2014
07/12/2036 City of San
Juan
Capistrano
3% allowance
for
administrative
costs incurred.
Central 1,988,106 N $152,932 - - - - 76,466 $76,466 - - - - 76,466 $76,466
52 Costs
associated
with selling
properties
(appraisals,
surveys, etc.)
Property
Dispositions
09/27/
2016
09/27/2017 DMG, Inc. Appraisal of
properties that
are to be sold
and the
proceeds
distributed to
the taxing
entities
Central - N $- - - - - - $- - - - - - $-
53 2018 Tax
Allocation
Refunding
Bonds
Refunding
Bonds
Issued After
6/27/12
08/23/
2018
02/01/2033 U.S. Bank,
N.A.
Principal
payment on
refunding
bonds to
refinance
Kinoshita notes
7,364,280 N $804,225 - - - - - $- - - - 804,225 - $804,225
EXHIBIT A - Page 2 of 5
San Juan Capistrano
Recognized Obligation Payment Schedule (ROPS 24-25) - Report of Cash Balances
July 1, 2021 through June 30, 2022
(Report Amounts in Whole Dollars)
Pursuant to Health and Safety Code section 34177 (l), Redevelopment Property Tax Trust Fund (RPTTF) may be listed as a source of payment on the ROPS, but only to the extent no other
funding source is available or when payment from property tax revenues is required by an enforceable obligation.
A B C D E F G H
ROPS 21-22 Cash Balances
(07/01/21 - 06/30/22)
Fund Sources
Comments
Bond Proceeds Reserve Balance Other Funds RPTTF
Bonds issued
on or before
12/31/10
Bonds issued
on or after
01/01/11
Prior ROPS
RPTTF and
Reserve
Balances retained
for future
period(s)
Rent, grants,
interest, etc.
Non-Admin
and Admin
1 Beginning Available Cash Balance (Actual 07/01/21)
RPTTF amount should exclude "A" period distribution
amount.
40,119 691,780 G: $40,119 of Other Funds designated for
21-22. H: $223,362 for 18-19 PPA (ROPS
21-22) +$264,744 for 19-20 PPA (ROPS
22-23) + $203,674 for 20-21 PPA (ROPS
23-24)
2 Revenue/Income (Actual 06/30/22)
RPTTF amount should tie to the ROPS 21-22 total
distribution from the County Auditor-Controller
3,202,348 H: RPTTF Distribution + Amended ROPS B
$447,460
3 Expenditures for ROPS 21-22 Enforceable Obligations
(Actual 06/30/22)
40,119 3,128,922 G: Other Funds designated for 21-22 H: Total
actual expenditures 21-22 PPA (RPTTF and
Admin RPTTF) minus bond proceeds (cell
C3)
4 Retention of Available Cash Balance (Actual 06/30/22)
RPTTF amount retained should only include the amounts
distributed as reserve for future period(s)
468,418 H: $264,744 for 19-20 PPA and $203,674 for
20-21 PPA
5 ROPS 21-22 RPTTF Prior Period Adjustment
RPTTF amount should tie to the Agency's ROPS 21-22 PPA
form submitted to the CAC
No entry required 296,788 H: 21-22 PPA
EXHIBIT A - Page 3 of 5
Pursuant to Health and Safety Code section 34177 (l), Redevelopment Property Tax Trust Fund (RPTTF) may be listed as a source of payment on the ROPS, but only to the extent no other
funding source is available or when payment from property tax revenues is required by an enforceable obligation.
A B C D E F G H
ROPS 21-22 Cash Balances
(07/01/21 - 06/30/22)
Fund Sources
Comments
Bond Proceeds Reserve Balance Other Funds RPTTF
Bonds issued
on or before
12/31/10
Bonds issued
on or after
01/01/11
Prior ROPS
RPTTF and
Reserve
Balances retained
for future
period(s)
Rent, grants,
interest, etc.
Non-Admin
and Admin
6 Ending Actual Available Cash Balance (06/30/22)
C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5)
$- $- $- $- $-
EXHIBIT A - Page 4 of 5
San Juan Capistrano
Recognized Obligation Payment Schedule (ROPS 24-25) - Notes
July 1, 2024 through June 30, 2025
Item # Notes/Comments
3 The total obligation outstanding includes all principal and interest expected to be outstanding at June
30, 2024.
4 The total obligation outstanding includes all principal and interest expected to be outstanding at June
30, 2024.
9 The total obligation outstanding includes all principal and interest expected to be outstanding at June
30, 2024.
28 Staff time and other administrative costs (estimated to be incurred for this ROPS period) provided
pursuant to the Agreement for the Reimbursement of Costs approved by the Oversight Board on May
2, 2012, (Resolution 12-05-02-01). The agreement continues until services are no longer needed.
Therefore, the actual termination date is unknown. For the purpose of this ROPS, the Total
Outstanding Obligation has been estimated as follows: ROPS 24-25 requested amount ($152,932)
multiplied by the remaining number of years until the time limit on the Agency's ability to repay
indebtedness in 2036. The actual administrative costs during this time will vary.
52 Costs associated with selling property formerly owned by the CRA that are paid outside of escrow.
The proceeds of sale were distributed to the taxing entities.
53 The total obligation outstanding includes all principal and interest expected to be outstanding at June
30, 2024.
EXHIBIT A - Page 5 of 5
POSITION NAME TASK HOURS PER TASK TASK ‐ NUMBER OF TIMES PER YEAR TOTAL HOURS PER YEAR SALARY COST PER HOUR BENEFITS (PENSION COSTS, ETC.) TOTAL COST PER HOUR TOTAL COSTS CITY MANAGERConsultations with CFO as to SA matters1.00 12.00 12.00 135.66$ 79.90$ 215.56$ 2,586.76$ Review of bi‐weekly agenda reports1.50 26.00 39.00 135.66$ 79.90$ 215.56$ 8,406.99$ Bi‐weekly SA Board Meetings0.50 26.00 13.00 135.66$ 79.90$ 215.56$ 2,802.33$ Review of annual agenda reports4.00 1.00 4.00 135.66$ 79.90$ 215.56$ 862.25$ CFOConsultations with CM as to SA matters1.00 52.00 52.00 100.51$ 59.20$ 159.71$ 8,304.94$ Review of bi‐weekly agenda reports3.00 26.00 78.00 100.51$ 59.20$ 159.71$ 12,457.41$ Bi‐weekly SA Board Meetings0.50 26.00 13.00 100.51$ 59.20$ 159.71$ 2,076.24$ Review of annual agenda reports6.00 1.00 6.00 100.51$ 59.20$ 159.71$ 958.26$ Review of compliance reports2.00 1.00 2.00 100.51$ 59.20$ 159.71$ 319.42$ Review of annual financial reports4.00 1.00 4.00 100.51$ 59.20$ 159.71$ 638.84$ Approval of invoices and checks2.00 26.00 52.00 100.51$ 59.20$ 159.71$ 8,304.94$ Review of journal entries3.00 12.00 36.00 100.51$ 59.20$ 159.71$ 5,749.57$ Coordination and review of ROPS prep8.00 1.00 8.00 100.51$ 59.20$ 159.71$ 1,277.68$ Coordination and planning of audit and year end close8.00 1.00 8.00 100.51$ 59.20$ 159.71$ 1,277.68$ Consultations with City Attorney re SA matters2.00 12.00 24.00 100.51$ 59.20$ 159.71$ 3,833.05$ Administrative tasks relating to properties2.00 12.00 24.00 100.51$ 59.20$ 159.71$ 3,833.05$ SR. EXECUTIVE ASSISTANT Coordination of meetings 1.00 52.00 52.00 39.24$ 23.11$ 62.35$ 3,242.32$ RECORDS COORDINATOR Processing of agenda reports/resolutions1.00 26.00 26.00 39.18$ 23.08$ 62.26$ 1,618.68$ CITY CLERKProcessing of agenda reports/resolutions/mtg agendas2.00 26.00 52.00 66.92$ 39.42$ 106.34$ 5,529.47$ ASSISTANT CITY CLERK Processing of agenda reports/resolutions1.00 26.00 26.00 43.25$ 25.47$ 68.72$ 1,786.83$ ADMIN. COORDINATOR Processing of agenda reports1.00 26.00 26.00 39.18$ 23.08$ 62.26$ 1,618.68$ ASST. FINANCE DIRECTOR Review of annual financial reports4.00 1.00 4.00 74.36$ 43.80$ 118.16$ 472.63$ Supervision of SA personnel 4.00 12.00 48.00 74.36$ 43.80$ 118.16$ 5,671.59$ Preparation of SA cash agenda reports3.00 12.00 36.00 74.36$ 43.80$ 118.16$ 4,253.69$ Prep. of prior period adjustment form/rel. questions4.00 1.00 4.00 74.36$ 43.80$ 118.16$ 472.63$ PAYROLL TECHProcessing of payroll0.50 26.00 13.00 36.38$ 21.43$ 57.81$ 751.50$ ACCOUNTS PAYABLE TECH Processing invoices/disbursements3.00 12.00 36.00 32.96$ 19.41$ 52.37$ 1,885.44$ Preparation of monthly agenda reports2.00 12.00 24.00 32.96$ 19.41$ 52.37$ 1,256.96$ ACCOUNTANTMonthly recordkeeping/bank reconciliations6.00 12.00 72.00 45.44$ 26.76$ 72.20$ 5,198.70$ Prep for year end audit8.00 1.00 8.00 45.44$ 26.76$ 72.20$ 577.63$ Provide records for ROPS/Cash balances8.00 1.00 8.00 45.44$ 26.76$ 72.20$ 577.63$ COUNCILMEMBERSRead agenda reports/resolutions0.50 26.00 13.00 16.30$ 9.60$ 25.90$ 336.71$ Attend meetings0.50 26.00 13.00 16.30$ 9.60$ 25.90$ 336.71$ 836.00 Total personnel costs99,277.24$ Contracted Services: Assistance with ROPS and Prior Period Adjustment Forms9,738.00$ Audit Firm4,613.00$ Continuing Disclosure (Bonds)2,563.00$ Law Firm Services1,025.00$ Indirect Costs: Insurance (1.5%)18,481.00$ IT charges (1.5%) 17,234.00$ Total costs152,931.24$ ROPS 24‐25 ADMINISTRATIVE COSTS BUDGETEXHIBIT A