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Home My WebLink About12-09 SARDA Resolution RESOLUTION NO. SARDA 12-09 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY APPROVING A RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE PERIOD OF JULY 1, 2012 THROUGH DECEMBER 31, 2012 PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177 AND TAKING CERTAIN ACTIONS IN CONNECTION THEREWITH THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY DOES HEREBY RESOLVE AS FOLLOWS: Section 1. Recitals. The Board of Directors of the Successor Agency to the Temecula Redevelopment Agency does hereby find, determine and declare that: A. The Redevelopment Agency of the City of Temecula was a redevelopment agency in the City of Temecula, duly created pursuant to the Community Redevelopment Law, Part 1, commencing with Section 33000, of Division 24 of the California Health and Safety Code (hereafter the "Temecula Redevelopment Agency"). On June 12, 1988, the Board of Supervisors of the County of Riverside adopted Ordinance No. 658 adopting and approving the "Redevelopment Plan for Riverside County Redevelopment Project No. 1988-1." On December 1, 1989, the City of Temecula was incorporated. The boundaries of the Project Area described in the Plan are entirely within the boundaries of the City of Temecula. On April 9, 1991, the City Council of the City of Temecula adopted Ordinances Nos. 91-08, 91-11, 91-14, and 91- 15 establishing the Redevelopment Agency of the City of Temecula and transferring jurisdiction over the Plan from the County to the City. Pursuant to Ordinance Nos. 91- 11 and 91-15, the City of Temecula and the Redevelopment Agency of the City of Temecula assumed jurisdiction over the Plan as of July 1, 1991. The Plan has been amended by Ordinance Nos. 94-33, 06-11 and 07-20 adopted by the City Council. The Agency duly adopted its Implementation Plan for 2010-2014 on December 8, 2009 in accordance with Health and Safety Code Section 33490. B. ABX1 26 and ABX1 27 were signed by the Governor of California on June 29, 2011, making certain changes to the Redevelopment Law, including adding Part 1.8 (commencing with Section 34161) and Part 1.85 (commencing with Section 34170) ("Part 1.85") to Division 24 of the California Health and Safety Code ("Health and Safety Code"). C. The California Redevelopment Association and League of California Cities filed a lawsuit in the Supreme Court of California (California Redevelopment Association, et al. v. Matosantos, et al. (Case No. S194861)) alleging that ABX1 26 and ABX1 27 were unconstitutional. R:/SARDA Resos 2012/SARDA 12-09 1 D. On December 29, 2011, the Supreme Court issued its opinion in the Matosantos case largely upholding ABX1 26, invalidating ABX1 27, and holding that ABX1 26 may be severed from ABX1 27 and enforced independently. E. The Supreme Court generally revised the effective dates and deadlines for performance of obligations in Part 1.85 arising before May 1, 2012 to take effect four months later. F. As a result of the Supreme Court's decision, on February 1, 2012, all redevelopment agencies, including the Temecula Redevelopment Agency, were dissolved and replaced by successor agencies established pursuant to Health and Safety Code Section 34173. G. The City Council of the City of Temecula (the "City") adopted Resolution No. 12-02 January 10, 2012, pursuant to Part 1.85 electing for the City to serve as the successor agency for the Temecula Redevelopment Agency upon the Agency's dissolution. H. The City Counci� of the City of Temecula, Acting as the Governing Body for the Successor Agency to the Temecula Redevelopment Agency adopted Resolution No. 12-01 on February 28, 2012 declaring the Successor Agency to the Temecula Redevelopment Agency duly constituted pursuant to law and establishing rules and regulations for the operation of the Successor Agency to the Temecula Redevelopment Agency ("Successor Agency"). I. Health and Safety Code Section 34177(I), as modified by the California Supreme Court, provides that by March 1, 2012, the Successor Agency must prepare a draft initial Recognized Obligation Payment Schedule for the enforceable obligations of the former Redevelopment Agency, in accordance with the requirements of paragraph (I). The draft schedule must be reviewed and certified, as to its accuracy, by an external auditor designated at the county auditor-controller's direction pursuant to Health and Safety Code Section 34182. The certified Recognized Obligation Payment Schedule must be submitted to and approved by the oversight board. Finally, after approval by the oversight board, a copy of the approved Recognized Obligation Payment Schedute must be submitted to the county auditor-controller, the State Controller and the State Department of Finance ("DOF"), and be posted on the Successor Agency's web site. The first Recognized Obligation Payment Schedule submitted to the State Controller and the DOF will be for payments for the period of January 1, 2012 to June 30, 2012, inclusive. J. Accordingly, the Board desires to adopt this Resolution approving the Recognized Obligation Payment Schedule for the periods of July 1, 2012 through December 31, 2012 in accordance with Part 1.85. Section 2. This Resolution is adopted pursuant to Health and Safety Code Section 34177. R:/SARDA Resos 2012/SARDA 12-09 2 Section 3. The Board hereby approves the Recognized Obligation Payment Schedule for the periods of July 1, 2012 through December 31, 2012 substantially in the form attached as Exhibit A to this Resolution and incorporated herein by reference (the "ROPS"). The Executive Director of the Successor Agency, in consultation with the Successor Agency's legal counsel, may modify the ROPS as the Executive Director or the Successor Agency's legal counsel deems necessary or advisable. Section 4. The Board hereby designates the Finance Director as the official to whom the DOF inay make requests for review in connection with the ROPS and who shall provide the DOF with the telephone number and e-mail contact information for the purpose of communicating with the DOF. Section 5. The officers and staff of the Successor Agency are hereby authorized and directed, jointly and severally, to do any and all things which they may deem necessary or advisable to effectuate this Resolution, including submitting the certified Recognized Obligation Payment Schedule to the oversight board for approval, and any such actions previously taken by such officers are hereby ratified and confirmed. Section 6. The Secretary shall certify to the adoption of this Resolution. PASSED, APPROVED, AND ADOPTED by the Board of Directors of the Successor Agency to the Temecula Redevelopment Agency this 4 day of April, 2012. Chu Was ing on, Chairperson ATTEST: , Susan W. JPnes, MMC City Cler B�oard Secretary [SEAL) R:/SARDA Resos 2012/SARDA 12-09 3 STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss CITY OF TEMECULA ) I, Susan W. Jones, MMC, City Clerk/Board Secretary of the Successor Agency to the Temecula Redevelopment Agency, do hereby certify that the foregoing Resolution No. SARDA 12-09 was duly and regularly adopted by the Board Members of the Successor Agency to the Temecula Redevelopment Agency of the City of Temecula at a meeting thereof held on the 24 day of April, 2012, by the following vote: AYES: 5 BOARD MEMBERS: Comerchero, Edwards, Naggar, Roberts, Washington NOES: 0 BOARD MEMBERS: None ABSENT: 0 BOARD MEMBERS: None ABSTAIN: 0 BOARD MEMBERS: None Susan . Jones, MMC City Cler Board Secretary R:/SARDA Resos 2012/SARDA 12-09 4 EXHIBIT A RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE PERIODS OF JULY 1, 2012 THROUGH DECEMBER 31, 2012 e$��88.8 ,&oo o� _ ,��ry'Sm^��<8m �8 �g R�� n�� » w � - �8 m°° °8 ox m�� a� - C k o SN c $ o+� � g A� 8 8$. 8 a a E" � g °� "�� ` a-= y A s E - m x oo�a .€ o� $ � m oa3 � e E „� �Y �Ym g � E ° � � `� 888 $S e � ^ � m�"� �8 '� � E E � � e g � D � � c ' 3 888 8g E °e ' =�� o�� - 8z - _ ^� Ed g� g°°� n �" g, gg8 g� ��, r�`° �� $ - ' - o�'' ;ro _ -6 E _ affiE - 333� a z op m G C k.- G G G C k C t C C - o o_ ° o a src¢¢rc n aa ase °� z—'m$. �MS� 8m^�g 88$, ° c� ��ao�° "'�� - - �8� o� - €' ��a8e� 888.,8a - � ��r�� E s d - 0 � � m��m�� - s �e z zz g � o E � � � _�� f � � Y�� ' g b s e E e��_ - r � g m E E'E� � E �, n_ " S> Y> o a _ Y � � ° = a rc a a � � m = ° a a a a � aEO�gaEPFR�Y�4�� ' � aL ¢ �= .a P � m� � m 5 0 > > ; m � ` m ,� N o �nsi 9s"x a � $ �EF�F' 8 $g �� - $Y � � ammm m � o r `a ,t : > i w � � b g $ � m C ° c� y F F F E F F� N � R � i_ $ _ � a a a a h a h � `� m � � ° � � E� E E& q n' c_ � a . ^O � r�- i�SEr 2r 2? 2 ^ l`�' q- Q s »;; � o t3 � m N n� m a � ° o � k � � � ' � ' z � m �i � � �a § 8 k� oa� � pe `�' ¢ ai+� � . rc= `� � � a € Q �r`�c�¢��? �� g _ � _`08 „ w � " � ° o � `a` � o Aa�'e T�CA� � C�B�a E .: o S oo 2 u � E`u�a� N m a� LL u a z `_� o�+ ' - uE m� - 22 ia �' odo$� > ��gzm', � � $NT � � a _a '"�E §°'_a �rc��gqo � ? E��rv.?ia ai � � m c qoc LL �p o ¢ J � �' a G LL i °� c E S � E ne�l¢ �LL� C�Ex ��c p v o m c � mo FF �z m ¢a a C$ouo�_ .� m E 5 Q$ c5}of vim �._� . $$n n E - i � i _ ` o< = m$8�� o o_- �.� - py3a��`zx q •, mo_'ooZ> ¢ q$ 4 9 9 1R _ F � a e "z s a��8oRr - 3 s" -- ��aae = E a ' RRr r�:.° _ � � Neme of Redevelopmenl Agency TemecuU HeEeMOUment Apem(Succes,orAqoncv W IM Temaula ReOeveloprtient Aoe'rcy) FORM B-All RBVBnuO Saurcec OIhBr T�an Re7evelopmMt Property Tex Trus� Fund (RPTfF) Prqect Area(s) RDA Prolect Area All DRAFT RECOONIIEO OBLIOATION PAYMENT SCNEDULE Per AB 26. Sectlon 3r177 (') Paya0le from Other Ravenue Sourcea ContracUAgreement Tota1 Due Dunnp Total Outstandirg Fiscal Vear Pa ents monM Pro'ectName/DeE10Cll ation ExecutbnOate Pa e Descri tion ProectAres DebtorODll a0on 2012-2013" FunEl Source"' Jul Z012 Au u512012 Se IemDar2012 Octa0er2012 NovemEar2072 December2�t2 Tolal 1 A/ACAL Pu oI Fund l.P. OPA 2122/11 AMCAL Pu'd Fund, L.P. Grant for consvuctlon W AXoMable Housin No. t-1988 5.579,021 S 579 021 BonE Proceeds 790 144 190 144 . 180.144 1.959.887 1 2 430.099.00 2 Front St. Poa� Partners Inc.OPA 2/2L11 Fronl Slreet Plara Partnere Inc- Grant loi consVUCtlon of AHOidable Housin No. 7-iggg 4,000.000 4.000 000 Bond ProceeOS a,000000 E 4.OW.000.00 3 Oid Tawn IntrasVUCWre Pro ects Mulli le Dates RBF / ParCell / LH Ir�¢enn / Ed e OIC Town InhasWCture Im rovemenu No. t-1988 182 20 182,220 BorM Proceeda 30 370 30 370 30 370 30 370 30 370 30 370 182220.00 4 Promenade Perkin Gara e OPA 1/2q/07 Farest Ci Loen tar Pu011c PeAcin Gara e No. t-1308 20 D00 20 000 BonE Proceeds 20 000 20 UU0.00 5 Professlonal Services A reement 3l23/11 Brown Bor2 8 Cotldln ton Communi Deveb ment Block Grant Entltlement No. 1-i88B 28 000 1 400 IMIHF 7 400 5 1 a00.00 6 Professlonal Services A reemenl Annuel Ka er Merslon Associates Real EslatdEwrromlc Anal Is No. 1-19BB 50000 50 000 LMIMF 4.766 4 166 4186 4 766 4188 4188 $ 24,998.00 7 Professional Services A reemern 3rz2/71 Environmenlal Science Associetes Jefierson Corridor S ific Plan EIR No. 1-1980 188 220 iBB 220 LMIHF 31.537 37 537 31 537 37 557 31 537 31 5;47 $ 189 222.00 B Professiaal Services A reemenl 3/22N 1 InlarM Plannl g, �esi n JeXersm Cor�lOOr 5 clilc Plen No. 1-19B8 B7 123 54.423 LMIHF B 071 9.077 H 077 B 071 B 071 8 071 S 54.426.00 B Prokssional Services A reamenl Annual RicharCS wauon 8 Gershon ric le al Servlces No. 1-1988 75 000 75 000 LMIHF 8 250 6 250 6 250 6 250 6 25D 6 250 S 37 500.00 t0 CSUSM Cam us Fundin A reemant 11/21/09 Cal State San Marcos Satellite Cam s Develo em No. 1-7888 a71.624 477 626 Reserves 471 624 477 624.00 71 Summertwuse Hpuln Assocletes. L.P. OPA 9l22/09 Summerhouse Housi Assxiates. L.P. Laan for AttortlaDle Mousln No. 7-t9BB 1 000262 1 OBO 262 LMIHF 1 080282 8 1 080,282.00 12 $ 13 $ 14 $ 15 g i6 a 17 $ 18 19 t 20 Z� S � E 23 E Zq S YS 2fi $ 2� 5 zg S � 5 � 31 32 33) $ TaWls-LMIHF 50.00 Tatals - 6ond Proceetls ' 11 757 47U,00 S 11 703 170.00 784 562 00 271 538.00 271 538.00 B7 394.00 81 394.00 7 021 323.00 8 49t 749.00 Totals - Olher . 0.00 GrarM tolal - This P 11 757 470.00 11 703 170.00 E 764 562.00 277 538.00 E 271.538.00 B1 394.00 S 81.39a.00 S 7 021 323.00 8 497 749.OD ' The Preliminary Oralt Reeopn�ed Obllgatlon Payment Schodula (ROPS) la W be completeE by L7120fY by ths succesaar epency, end subsequently he approred by the overaight Coerd bafora tha fmal ROPS is nubmitteA to the Stale CoMroller end Statv Depertmanf of Finance by April t5, 2014. It la not e repulrammt fhet tM A9raed Upon ProcaEurea AWit 6e comploteA hebre cuDmitling tlre finel OveniOht AOP�a�d ROPS to the State Conlrolln and Sfala Dapertmsnt of Finnnu. " NI total Uue tlurirry ilacal yaar e�W peyment emounb ere projeclad. "' Fundinp sources (rom Ne succesaor apency: (FOr flscal 2072-73 ony, ra/erercec W RPTTF could also maan �ay Incremant allpcateU to iha ABancy prior to Februery 1, IU1T.) RP7TF-Redevelopment Pmparry Tss Trust Fvid BoMS • Bond procae0n OUier- rassnes, rants, IMerest eemirqs, erc LMIHF • Low erd MoCerate Inwma Mousl FunO pdmin • 8uccusorA anc AEminhlraUVa Allowence � � i Name of Redevelopment Agency: Temecula Redevelopment Agency (Successor Aqency to the Temecula Redevelopment Agency) FORM C- Administrative Cost Allowance Paid With Redevelopment Property Tax Trust Fund (RPTTF) Project Area(s) RDA Project Area All DRAFT RECOGNIZED OBLIGATION PAYMENT SCNEDULE Per AB 28 - Section 34177 (') Total Total Due Payable iram the Administretive Allowance Allocation ••'• Outstanding During Fiscal Debt or Year Funding Pa ments by month Pro'ect Name / Debt Obli ation Pa ee Descri tion Pro'ect Area Obli ation 2012-2013" Source " Jul 2012 August 2012 September 2012 October 2012 November 2012 December 2012 Total 1 A enc Administration - Personnel A enc Staff A enc Staff Com ensation No. 1-1988 151,442 151,442 RPTTF t1.650 17,474 11,650 11,650 11,650 11,650 $ 75,724.00 2 A enc Administralion - Generel Multi le Pa ees On oin A en Administradon No. 1-1988 98,558 98,558 RPTTF 8,213 8,213 8,213 8,213 8,213 8,213 $ 49,278.00 3 $ 4 $ 5 $ ' 6 $ 7 $ 8 $ - 9 $ 10 $ 11 $ - 12 $ 13 $ 14 $ 15 $ 16 $ 17 $ 18 $ 19 $ - 20 $ 2� $ 22 g 23 g 24 g 25 $ 26 g 27 g - 28 $ $ $ $ $ $ $ $ Totals - This Pa e S 250 000.00 $ 250 000.00 $19 863.00 $ 25 687.00 E 19 663.00 $ 19 883.00 $ 19 863.00 $ 19 863.00 $125 002.00 * The Preliminary Dreft Recognized Obligation Payment Schedule (ROPS) is to be completed by 3l1/2012 by the successor agency, and subsequently be approved by the oversight board before the final ROPS Is submitted to the State Controllar and State Department of Finance by Aprll 15, 2012. It is not a requirement that the Agreed Upon Procedures Audlt be completed before submitting the final Overslght Approved ROPS to the State Controller and State Department oi •• All total due during fiscal year and payment amounts are proJected. "' Funding eources from the successor agency: (For flscal 2012-13 only, referances to RPTTF could also mean tax increment allocated to the Agency prior to February 7, 2012.) RPTTF - Redevelopment Property Tax 7rust Fund Bonds - Bond proceeds Other - reserves, rents, interest earnings, etc LMIHF - Low and Moderate Incoma Housing Fund Admin - Successor Agency Administrative Allowance •- Administrative Cost Allowance ca a are 5% of Form A 8-month totals in 201 t-72 and 3% of Form A 8-month totals in 2012-13. The caleulation should not faetor In sa throu h a ents id for with RPTTF in Form D. � � _ Name of Redevelopment Agency Temecula Redevelopment Agency (Successor Agency to Ihe Temecula Redevelopment Agency) FORM D- Pass-Through Payments Project Area(s) RDA Project Area All OTHER OBLIGATION PAYMENT SCHEDULE Per AB 26 - Sectlon 34� 77 (`) Pass Through and Other Payments "" Total Due During Total Outstanding Fiscal Year Source of Pa ents b month Pro ect Name / Debt Obll ation Pa ee Descri tion Pro'ecl Area Debt or Obli atlon 2012-2013" Fund"' Jul 2012 A ust 2012 eDtember 201 OctoAer 2012 November 2012 Decembe� 2012 Total 1 g Z $ - 3 $ 4 $ 5 $ 6 q � S 8 � 9 $ - 10 $ 11 $ 12 $ - 13 $ 14 g 15 $ $ $ $ $ $ $ $ $ $ $ $ $ 3 Totals - OMer Ob�i atlons S i S S S b S 5 S 5 ' The Prelimfnary Droft Recognized Obligation Payment Schedule (ROPS) Is to be eompleted 6y 3I1/2012 6y the euccessor agency, and subsequenqy be approved by the overeight board before the flnal ROPS Is submitted to the SWte Controlle� and State Dapartment oi Finance by April 15, 2012. It Is not a requirement that the Aereed Upon Proeedures Audit be completed before submitting the Tnal Oversight Approved ROPS to tha State Conttoller and Stale Department of Flnance. " Atl total due during flscal year and payment amounta are proJected. "" Funding sources from Ne successor agency: (FOr flscal 2012-13 only, referencas to RPTTF could also mean tax Increment allocated to the Agency prlor to february 7, 2012.) RPTTF - Redevelopment Property Tax Trust Fund Bonds - Bond proceeds Olher - reserves, rants, Interest earnings, etc LMIHF - Low and Moderate Income Housing Fund Admin - Successor Agency Adminlstrative PJlowance ""' - Only the January through June 2012 ROPS shoultl Include expenditures for passthrough payments. Slarting with tha July through December 2012 ROPS, per HSC seetion 341 B3 (a) (7), the counry auditor condoller will make the required pase•through payments prlor to transferrfn mone Into the auccessor a enc s Redeveio ment Ohll aUon Retirement Fund for Items lisled in an overal ht board a roved ROPS.