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HomeMy WebLinkAboutSA 2024-001SUCCESSOR AGENCY RESOLUTION NO. 2024-001 A RESOLUTION OF THE SUCCESSOR AGENCY TO THE FORMER COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE 24-25 FOR THE PERIOD OF JULY 1, 2024 TO JUNE 30, 2025 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 BOPS includes the administrative cost allowance as required under Health and Safety Code Section 34177 d) through (k). E. The annual ROPS for the July 1, 2024 through June 30, 2025 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, 2024. Section 2. The Successor Agency approves the Recognized Obligation Payment Schedule 24-25, 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 24-25, upon subsequent Countywide Oversight Board approval, to DOF with copies to the County Administrative Officer, the County Auditor -Controller, and the State Controller's Office. Resolution No. 2024-001 Page 1 of 2 Section 4. The City Manager, or his/her designee ("City Manager"), is directed to post on the City's website the BOPS 24-25 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 BOPS 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 16th day of January, 2024. APPROVED AS TO FORM: Sonia R. Carvalho, City Attorney By: Andrea Garcia -Miller U` Assistant City Attorney AYES: Councilmembers: Amezcua, Bacerra, Hernandez, Penaloza, Phan, Vazquez (6) NOES: Councilmembers: None (0) ABSTAIN: Councilmembers: None (0) NOT PRESENT: Councilmembers: Lopez (1) CERTIFICATION OF ATTESTATION AND ORIGINALITY I, Jennifer L. Hall, City Clerk, do hereby attest to and certify the attached Resolution No. 2024- 001 to be the original resolution adopted by the City Council acting as the Successor Agency to the former Community Redevelopment Agency on January 16, 2024. Date: \ f LS4201� Cit"f Sbnta Ana Resolution No. 2024-001 Page 2 of 2 Exhibit A Recognized Obligation Payment Schedule (ROPS 24-25) - Summary Filed for the July 1, 2024 through June 30, 2025 Period Successor Agency: Santa Ana County: Orange 24-25A Total 24-25B Total Current Period Requested Funding for Enforceable (July - (January - ROPS 24-25 Obligations (ROPS Detail) December) June) Total A Enforceable Obligations Funded as Follows (B+C+D): $ 113,236 $ 113,236 $ 226,472 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 Obhgation Payment Schedule for the above named successor agency. 113,236 113,236 226,472 $ 11,176,422 $ 814,014 $ 11,990,436 11,118,292 755,884 11,874,176 58,130 58,130 116,260 $ 11,289,658 $ 927,250 $ 12,216,908 Name Title Is/ Signature Date 93 c\ / \ o eƒ § °$� � E) - !- \ R; � - � | � ||2 §/ 4 & - I T \ no Is §\ƒ {f )]{ ( : :)/ \ _ - ` - F� _- °!! ! § § ! ! ■ § § ! § 7 § } $ - ° \ /\ § \\/ }/!�) /21}2) oa ,/;(•!,;\ ±!i§2;�!/])}! ±2!!!!l9�3m;E,2�§;!&l;w;a&!; � §) § � \ ■� k ) k ( � � ■ �! \ - $ � � § E' E �k�k\j\\{k)�)j)A)\\\ Santa Ana Recognized Obligation Payment Schedule (BOPS 24-25) - Notes July 1, 2024 through June 30, 2025 Item # Notes/Comments 28 Item has been completed. 30 33 34 35 36 37 62 63 64 66 119 129 1601 161 162 163 164 165 166 167 Santa Ana Recognized Obligation Payment Schedule (ROPS 24-25) -Report of Cash Balances July 1, 2021 through June 30, 2022 rRnonrt Amnueta in Vdh,1n flMlarsl Pursuant to Heaith and Safely Code section 34177 (1), 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 lax revenues is require by an enforceable obligation For ti s on how to complete the Report of Cash Balances Form, see Cash Balance Tips Sheet. A B C O E F G R Fund Sources Bond Proceeds Reserve Balance Other Funds RPTTF Prior RCPS RPTTF and Reserve Rent, Non-Admin ROPS 21.22 Cash Balanws Bontls issued on ar Bonds issued On G' Balances retained far Gfants, and 07101121-06130122 Wme 17/31/10 after01101M fuiura pened(s) Interest, A.. Admin Comments 1 Beginning Available Cash Balance(Actual 07M1211 RPTTF amount should wdud, W period distribuhnn amount The prior report did not include an adtustmem fof Other Funds. The hegmning helance was adjusted 1,404 0 44 864 1,394,D78 to reconale to the cash balanca as o<June 30 2021. 2 Revenue0nwme (Actual 06130122) RPTTF amount should he W the ROPS 21-22 total disiribu6on ham the County auatnr-Controller 250.826 5,274,307 3 Expendlturas for ROPS 21-22 Enforceable Obligations (Actual 06130122) 22A 471 1 6.743 444 4 Retention of Available Cash Balance (Actual 06r39R2) RP1TF amount retaned should only include the amount Qstdbuted as erve la hdure pedod{sl 404 5 ROPS 21-22 RPTTF Prior Period Adjushnenl RPTTF amount should he to the Agency's ROPS 21-22 PPA form suhminc-d to the CAC No entry iequirad 85472 8 Entling Actual Available Cash Balance {O6r30)22} C. IO F-(1+2-3-4),G-(1 a2-3-4-5) T Notified pCF M negative balance and will analyze S 0 S O S EB 239 S 209.631 balance