Resolution Number SACRA 14-02-18-01 RESOLUTION NO. SACRA 14-02-18-01
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUCCESSOR
AGENCY TO THE SAN JUAN CAPISTRANO REDEVELOPMENT AGENCY
ADOPTING A RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR
THE PERIOD FROM JULY 1, 2014 THROUGH DECEMBER 31, 2014, AND
AUTHORIZING CERTAIN OTHER ACTIONS PURSUANT TO CALIFORNIA
HEALTH & SAFETY CODE SECTION 34181(g)
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, at
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 Xt 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, all subject to the review and
approval by a seven-member 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 (I) and (m) of Section 34177 of the
Dissolution Act; and
DOCSOC/157734&2/200401-0000
WHEREAS, pursuant to subdivisions (1) and (m) of Section 34177 of the
Dissolution Act, staff of the City, acting on behalf of the Successor Agency, has
prepared the Recognized Obligation Payment Schedule for the period covering July 1,
2014, through December 31, 2014, (ROPS 14-15A), in the form attached to this
Resolution as Exhibit A and incorporated herein by this reference; and
WHEREAS, pursuant to Section 34177(1)(2)(6) 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 14-15A, along with the ROPS and the staff report
submitted to the Oversight Board, to the County Administrative Officer, the Orange
County Auditor-Controller, the State Controller's Office, and the State Department of
Finance, concurrently with the posting of the Agenda for the Oversight Board's
consideration of the ROPS 14-15A; and
WHEREAS, the Successor Agency now desires to approve the ROPS 14-15A,
ratify all actions taken by City staff to prepare the ROPS 14-15A, and transmit the
ROPS 14-15A 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 14-15A 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 her 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(I)(2)(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.
2
DOCSOC/1577346v2/200401-0000
PASSED, APPROVED and ADOPTED this 181b day of Febru y 2014.
Larry Kram r, Chair
ATTEST:
- �
M is 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 14-02-18-01 was duly
adopted by the Citi Council of the City of San Juan Capistrano at a Regular meeting
thereof, held the 18 day of February 2014, by the following vote:
AYES: BOARD MEMBERS: Allevato, Taylor, Byrnes and Chair Kramer
�. NOES: BOARD MEMBERS: None
ABS NT: BOA MEMBERS: Reeve
IAMORRIS, ency Se6 reta
3
DOCSOC/157734&2/200401-0000
Recognized Obligation Payment Schedule(ROPS 14-15A)-Summary
Filed for the July 1,2014 through December 31,2014 Period
Name of Successor Agency: San Juan Capistrano
Name of County: Orange
Current Period Requested Funding for Outstanding Debt or Obligation Six-Month Total
Enforceable Obligations Funded with Non-Redevelopment Property Tax Trust Fund(RPTTF)Funding
A Sources(B+C+D): $ 641,611
B Bond Proceeds Funding(ROPS Detail) 50,000
C Reserve Balance Funding(ROPS Detail) 587,311
D Other Funding(ROPS Detail) 4,300
E Enforceable Obligations Funded with RPTTF Funding(F+G): $ 2,396,712
F Non-Administrative Costs(ROPS Detail) 2,271,712
G Administrative Costs(ROPS Detail) 125,000
H Current Period Enforceable Obligations(A+E): $ 3,038,323
Successor Agency Self-Reported Prior Period Adjustment to Current Period RPTTF Requested Funding
I Enforceable Obligations funded with RPTTF(E): 2,396,712
J Less Prior Period Adjustment(Report of Prior Period Adjustments Column S) (250,068)
K Adjusted Current Period RPTTF Requested Funding(IJ) $ 2,146,644
County Auditor Controller Reported Prior Period Adjustment to Current Period RPTTF Requested Funding
X L Enforceable Obligations funded with RPTTF(E): 2.395,712
_ M Less Prior Period Adjustment(Reportof Pdorftdod Adjustmerrls Columri AA) -
W
N Adjusted Current Period,RPTTF Requested,Fuhding(L-ilf)j I , 2,396,712
j
pCertification of Oversight Board Chairman: Laura S.Freese Chairwoman
Pursuant to Section 34177(m)of the Health and Safety code,I
W hereby certify that the above is a true and accurate Recognized Name Title
Obligation Payment Schedule for the above named agency. Is/Laura S.Freese 25-Feb-14
M Signature Date
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Recognized Obligation Payment Schedule(ROPS)14-ISA-Report of Cash Balances
(Report Amounts in Whale Dollars)
Pursuant to health and Safety Code section 34177(q,Redevelopment Property Tax Trust Fund(RPTTF)may be fisted 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 O E F G H 1
Fund Sources
Bond Proceeds Reserve Balance Other RPTTF
Prior ROPS
RPTTF
Bonds Issued Bonds Issued Prior ROPS period distributed es Rent,
on or before on or after balances and DDR reserve for next Grants. Non-Admin and
Cash Balance Information by ROPS Period 12/31/10 01!01111 balances retained bond payment Interest,Etc. Admin Comments
ROPS 1344A Actuals 0710111 3-1213111 3
1 Beginning Available Cash Balance(Actual 07101113) $631.957 of funds approved by DOF for retention
Note that for the RPTTF,1+2 should tie to columns J and 0 in the Report on ROPS III are reported under column F. DOF
of Prior Period Adjustments(PPAs) directed these fund be used for debt service
10,400,055 769.071 1,429,821 payments on RODS 13148.
2 Revenuenncome(Actual 12/31M3)
Note that the RPTTF amounts should tis to the ROPS 13.14A distribution Ties to actual ROPS 13.14A distribution from the
from the County Auditor-Controller during June 2013 13,009 57.835 2.032.097 Orange County Auditor-Controller in June 2013.
3 Expenditures for ROPE 13.14A Enforceable Obligations(Actual
12/31113)
Note that for the RPTTF,3+4 should tie to columns L and O in the Report
of PPAs 296.071 797,864 57.635 1.782.029
4 Retention of Available Cash Balance(Actual 12/31M3)
Note=are RPTTF amount should only Include the retention of reserves Bond pmoeeds retained are required reserves
for debt service approved In RODS 13.14A 1.774,619 held by the fiscal as of December 31.2013.
5 ROPS 13.14A RPTTF Prior Period Adjustment
Note that the RPTTF amount should tie to column S in the Report of PPA& Np entry required
250.068 Cash Balance PAntanwig at December 31.2D13.
6 Ending Actual Available Cash BalanceEnding cash Includes amounts still
C to G o(1+2-3-4).H-(1+2-3-4-5) outstanding on Paseo De Verdugo obligation
S 8 638 5 $ 473,000111; 831,957 S - $ -jand RPTTF reserved as noted above.
ROPS 13.14B Estimate 01101114-06f30M4
7 Beginning Available Cash Balance(Actual 01101114)
(C,D.E,G o 4+8,F o H4+F4+F8,and H-5+6) s 10A13,064 $ $ 473,000 S 631.957 S - S 250,068
8 Revenuellncome(Estimate 08130114) Amount ties to the RODS 13.14E distribution
Note 0nat the RPTTF amounts should tie to the RODS 13.148 distribution received from the Orange County Auditor-
from the County Auditor-Conboger during Jammy 2014 62.500 1.121.177 Controller an Jamsary 2.2014_
9 Expenditures for 13-14B Enforceable Obligations(Estimate O6130M4) RPTTF and other amounts as approved by DOF
in its letter dated December 17,2013. See notes
for explanation of the DDR retained balance
473.000 512.146 62.500 653.677 amount.
10 Retention of Available Cash Balance(Estimate 08130/14) Retention of reserves for August 2014 bond debt
Note that Ore RPTTF amounts may Include the retention of reserves for service payments approved by DOF in its leder
debt service approved In ROPS 13.148 1,774.619 467.500 dated December 17.2013.
11 Ending Estimated Available Cash Balance(7+8-9-10) Prior ROPS RPTTF balance remaining has
been applied to debt service payments for the
S 8 638 $ - $ s 119,811's - $ 250,068 IROPS 14-15A
EXHIBIT A-Page 3 of 5
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