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HomeMy WebLinkAboutItem 03 - Recognized Obligation Payment Schedule 2022-2023Successor Agency www.santa-ana.org/cd Item # 3 City of Santa Ana 20 Civic Center Plaza, Santa Ana, CA 92701 Staff Report January 18, 2022 TOPIC: Recognized Obligation Payment Schedule 2022-2023 AGENDA TITLE: Recognized Obligation Payment Schedule for the Period of July 1, 2022 through June 30, 2023 RECOMMENDED ACTION Adopt a resolution approving the Recognized Obligation Payment Schedule for the period of July 1, 2022 through June 30, 2023 pursuant to Part 1.85 of Division 24 of the California Health & Safety Code. DISCUSSION The City of Santa Ana adopted an ordinance in 1973 to create a Redevelopment Agency. Throughout the years, the Redevelopment Agency completed numerous projects to eliminate blight, spur economic growth, funded construction of affordable housing projects, and provided infrastructure and community facility improvements within the defined project areas. Pursuant to Part 1.85 of Division 24 of the California Health & Safety Code ("Dissolution Act"), the City Council on January 9, 2012, elected for the City to act as the "Successor Agency" to the dissolved Community Redevelopment Agency ("Agency"). On February 1, 2012, in accordance with the Dissolution Act and the California Supreme Court's decision in California Redevelopment Association v. Matosantos, Case No. S194861, the Agency was dissolved and the City began to serve as the "Successor Agency." The City Council serves as the governing body of the Successor Agency under the Dissolution Act as amended by AB 1484, AB 471, and SB 107, to administer the enforceable obligations of the Agency and otherwise unwind the Agency's affairs. Effective July1, 2018, the local Oversight Board to the Successor Agency was dissolved and the new Orange Countywide Oversight Board (OCOB) was established. The OCOB now has oversight with respect to the Dissolution process, including review and approval of the Recognized Obligation Payment Schedule (ROPS). Recognized Obligation Payment Schedule 2022-2023 January 18, 2022 Page 2 The ROPS includes the administrative cost allowance as required under Health and Safety Code Section 34177 0) through (k), and is presented in the format designed by the Department of Finance (DOF). Upon Successor Agency approval, the ROPS will be submitted to the Orange Countywide Oversight Board for approval at its January 25, 2022 meeting. Upon OCOB approval, the ROPS will be submitted to the DOF, County, and other appropriate entities as required by the Dissolution Act by the February 1, 2022 deadline. The ROPS will also posted on the Successor Agency's website. FISCAL IMPACT The Successor Agency is limited to making only payments listed on the approved ROPS for each annual period. Administrative expenses are capped at three percent of the actual property tax distributed for the ROPS in the preceding fiscal year or the minimum of $250,000 per year. However, the OCOB has been requesting that successor agencies reduce and minimize the administrative allowance necessary to oversee the remaining obligations on the ROPS. Therefore, the Successor Agency estimates the administrative cost allowance for FY 2022-23 will be $130,000. Funds will be budgeted for FY 22/23 in the Redevelopment Obligation Retirement Funds (account no. 67118021-various, 67018843-various) upon approval of the ROPS by DOF. EXHIBIT(S) 1. Resolution A. Recognized Obligation Payment Schedule 22-23 Submitted By: Steven Mendoza, Assistant City Manager Approved By: Kristine Ridge, City Manager SUCCESSOR AGENCY RESOLUTION NO. 2022- A RESOLUTION OF THE SUCCESSOR AGENCY TO THE FORMER COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE 22-23 FOR THE PERIOD OF JULY 1, 2022 TO JUNE 30, 2023 PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177 (o), AND PART 1.85 OF DIVISION 24 OF THE CALIFORNIA HEALTH AND SAFETY CODE ("DISSOLUTION ACT") BE IT RESOLVED BY THE MEMBERS OF THE SUCCESSOR AGENCY OF THE CITY OF SANTA ANA, AS FOLLOWS: Section 1. The City Council of Santa Ana, acting as Successor Agency, conclusively finds, determines and declares as follows: A. On January 9, 2012, pursuant to section 34173 of the California Health & Safety Code, the City of Santa Ana ("City") elected to serve as the Successor Agency for the dissolved Community Redevelopment Agency ("Agency") of the City of Santa Ana and selected the Housing Authority of the City of Santa Ana to act as "Successor Housing Agency." B. The City Council serves as the governing body of the Successor Agency under the Dissolution Act, as amended by AB 1484, AB 471, and SB 107, to administer the enforceable obligations of the Agency and otherwise unwind the Agency's affairs. C. SB 107 revised the timeline for the preparation of the required Recognized Obligation Payment Schedule (ROPS) from each six-month period to a one-year period beginning July 1, 2016. D. The annual ROPS includes the administrative cost allowance as required under Health and Safety Code Section 34177 (j) through (k). E. The annual ROPS for the July 1, 2022 through June 30, 2023 period must be approved by the Countywide Oversight Board and submitted to the County Auditor - Controller, State Controller's Office, and to the State Department of Finance (DOF) no later than February 1, 2022. Section 2. The Successor Agency approves the Recognized Obligation Payment Schedule 22-23, attached hereto as Exhibit A and incorporated herein by this reference, and authorizes the submission to the County of Orange and Countywide Oversight Board for review and approval. Section 3. Pursuant to the Dissolution Act, the Successor Agency further authorizes the transmittal of the ROPS 22-23, upon subsequent Countywide Oversight Board approval, to DOF Resolution No. 2022- Page 1 of 3 with copies to the County Administrative Officer, the County Auditor -Controller, and the State Controller's Office. Section 4. The City Manager, or his/her designee ("City Manager"), is directed to post on the City's website the ROPS 22-23 in the manner required by law. Section 5. The City Manager and/or the Executive Director of Community Development, or their respective designees, as delegated officials of the City acting as Successor Agency, are authorized to make or accept any augmentation, modification, additions, or revisions to the ROPS as may be necessary and appropriate in their reasonable discretion, based on review or communications from the Countywide Oversight Board, the State Department of Finance or County of Orange. Section 6. This Resolution shall take effect immediately upon its adoption by the Successor Agency, and the Clerk of the Council shall attest to and certify the vote adopting of this Resolution. ADOPTED this day of 12022. Vicente Sarmiento Mayor APPROVED AS TO FORM: Sonia R. Carvalho, City Attorney By: 01_ Ryan O. ' odge Assistant City Attorney AYES: Councilmembers: NOES: Councilmembers: ABSTAIN: Councilmembers: NOT PRESENT: Councilmembers: Resolution No. 2022- Page 2 of 3 CERTIFICATION OF ATTESTATION AND ORIGINALITY I, DAISY GOMEZ, Clerk of the Council do hereby attest to and certify the attached Resolution No. 2022-XX to be the original resolution adopted by the City Council acting as the Successor Agency to the former Community Redevelopment Agency on January , 2022. Date: Daisy Gomez Recording Secretary City of Santa Ana Resolution No. 2022- Page 3 of 3 Recognized Obligation Payment Schedule (ROPS 22-23) - Summary Filed for the July 1, 2022 through June 30, 2023 Period Successor Agency: Santa Ana 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. 22-23A Total 22-23B Total ROPS 22-23 (July - (January - Total December) June) $ 113,236 $ 113,236 $ 226,472 113,236 113,236 226,472 $ 10,268,148 $ 1,278,497 $ 11,546,645 10,203,148 1,213,497 11,416,645 65,000 65,000 130,000 $ 10,381,384 $ 1,391,733 $ 11,773,117 Name Title /s/ Signature Date m M a O Cl) N N C IL N OCD a Cal) m y C 7 a � LL 01 (n O c.L+ m EN R N a 0 2. m rn h Ci O 3 M N N � OV N M (A Vy(O �LL F o 0 O O a LL m (U,'o LL p- V O OO , 7 7 � d M 0 C N � N A ` 3 O N y0 O N , O Cl) a LL NLL C 7 � 2 U C m m y (6 a) Om0 a � V O m O CD O co 0 0 Q_ M C N O C C! 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V) o.� x 0) 0- U) Oa c•' 0 mIY 03 Wof-6 LIQ Q.'a'-5 wofY 1O W U c m c c c � Q a w r N M 1A CO Santa Ana Recognized Obligation Payment Schedule (ROPS 22-23) - Notes July 1, 2022 through June 30, 2023 Item # Notes/Comments 28 .............................................................................................................................................................................................................................................................................................................................................................................. 30 .............................................................................................................................................................................................................................................................................................................................................................................. 33 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