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Home My WebLink AboutSA 2025-001 - Approving ROPS 25-26SUCCESSOR AGENCY RESOLUTION NO. 2025-001 A RESOLUTION OF THE SUCCESSOR AGENCY TO THE FORMER COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE 25-26 FOR THE PERIOD OF JULY 1, 2025 TO JUNE 30, 2026 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, 2025 through June 30, 2026 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, 2025. Section 2. The Successor Agency approves the Recognized Obligation Payment Schedule 25-26, attached hereto as Exhibit A and incorporated herein by this reference, Resolution 2025-001 Page 1 of 3 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 25-26, upon subsequent Countywide Oversight Board approval, to DOF with copies to the County Administrative Officer, the County Auditor -Controller, and the State Controllers Office. Section 4. The City Manager, or his/her designee ("City Manager), is directed to post on the City's website the ROPS 25-26 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 City Clerk shall attest to and certify the vote adopting of this Resolution. ADOPTED this 21 st day of January, 2025. APPROVED AS TO FORM: Sonia R. Carvalho, City Attorney n By: Andrea Garcia -Miller `P-4Q % Assistant City Attorney Resolution 2025-001 Page 2 of 3 AYES: Councilmembers Amezcua, Hernandez Lopez, Penaloza, Phan, Vazquez (6) NOES: Councilmembers None (0) ABSTAIN: Councilmembers None (0) ABSENT: Councilmembers Bacerra(1) CERTIFICATION OF ATTESTATION AND ORIGINALITY I, JENNIFER L. HALL, City Clerk do hereby attest to and certify the attached Resolution No. 2025-001 to be the original resolution adopted by the City Council acting as the Successor Agency to the former Community Redevelopment Agency on January 21, 2025. Date: \ �5 nnifePanta ail City Cl Resolution 2025-001 Page 3 of 3 EXHIBIT A Recognized Obligation Payment Schedule (ROPS 25-26) - Summary Filed for the July 1, 2025 through June 30, 2026 Period Successor Agency: Santa Ana County: Orange 25-26A Total 25-26 Total Current Period Requested Funding for Enforceable (July - (January - ROPS 25-26 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 113,236 113,236 226,472 E Redevelopment Property Tax Trust Fund (RPTTF) (F+G): $ 11,705,754 $ 601,241 $ 12,306,995 F RPTTF 11,650,434 545.921 12,196,355 G Administrative RPTTF 55,320 55,320 110,640 H Current Period Enforceable Obligations (A+E): $ 11,818,990 $ 714,477 $ 12,633,467 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. Name Title Isl Signature Date Resolution 2025-001 Santa Ana Recognized Obligation Payment Schedule (ROPS 26-26( - PLOPS Detail July 1, 2025 through June 30, 2026 (Report Amoume in Whole Dollars A B L O E F ca H J H L M N e P O R 5 T U V W 25.26A Jul -December 26-26B_Jan a -June Fund Sources Fund Sources comrem contract/ Tmm Pm etl NameN801 Agreement Execute, Agreement Tarminalbn D.voiu onorojeR Project Cumantling better ROF6 2538 2536A 2538a Rorie Bontl Ilemd Obli neon Obli aXenT a Data Data Fiona, So... Area Dali alicn ReEretl Total Pmceetls Reserve Balance Ater FUMs RPTTF Aemin RPTTF Tonal Proceetls Reserve Balance Otter Funtl, _ RPTTF -6C5 -1 Armin RPTTF Total 5p 5) 1253306T 0 113236 5532n 11618g9D F- - - — S 113236 59320 7144Tr 30 Erickson Business 1%8120D6 BI302032 Erickson Leeeitokfamcf.n Mergetl 566,1I7 N $ 228.0I2 113.2W S 113,23F 113238 S 113.236 Leese Incentive Prop. Corp, ANoMall report, A,ia mt- Aglee enh Hone. 33 0n se Impremmannoma 9NrzD05 CM00032 Vatlous Ce"noobn or Mergee 6Cu0PDD N $ - $ 6 Imprco men fonamie PulAcIy Load to IN avusl Impmwmema No= 3i Pmjed Impot V4QDCf 62012032 mr-esm Project Menegemanll Mergetl 123.21iD N S- Costslor Managemer0 Agencyl $anus em Md3 Lone Ann 35 SA Vancom OPAC)D.1mot 5/15I1mor FM.C32 Varbus Permll Fee O onerof Malta 180e 000 N $ a $ PaMerimp etllon for IMP'nemeMs 6 D ter MalnPlace A"immsnh 35 Pmject Pmied 5H5119" M012032 successor Pro ed Managemenll MeryeE 100,000 N $ - $ $ Cc sts for Management Agenryl B.,Joe, I'm 935 Cons V. loos 3T COA- OPP/DDA Nno 4,cAll 8] 613MO32 airy of Santa Permll Fee DEllgabon Marano 199A00 N $ - $ a Disc rely ruccon Alfa for Expansion 6elanea Center 52 AutlXetl Pmlesslonel SIW2DW W30I2032 MOo/ Oily Di Raqulretl Per Sontl Mar9atl 35,000 N a 5,000 5.000 s 6.000 $ Financial 6ervkus Santa Anal Decumene l AB 1484 Slalom arcs Varbus Dce .In,m Reaiews 83 Employee Unluntletl 2/1ROR WJ02032 LWPER6I Public Empleyae MaMetl 118,729 N $ - $ $ Pmoon Lletllltus suaeasar DeRnee ,anon 66 llaNl' Successor Atlmin Cosh 1/12013 61302D32 A aria swceasar Pension Plen Opereling coals Mergee 699,360 N $ 110,640 55.]20 $ 55,320 55,32D $ 55,320 Agency Agency/ Atlmin. Vatlous Resolution 2025-001 A B C O E F G N J N L M N O P O A 5 T V V ka 25-26A Jul -December 25.268 Janua -June Fund Sources Fund Sources corneal centered Tohl Project Agreemed Alrall oNckndln9 Bond BanE NameNebt Execution Tranni tlon oecorlpBCMPre,ect Project DeM or ROP82538 25-1eq 21OIB Item Y OEII e11on Obf lT a Data Oate payee Battle Ane OEI arson Barbed Total Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Total Proceeds R111wo Balance Other Funds 1111 Adman RPTTF Total 1fi0 2O1g Tav Bonds Issued ttv.0cla 9/1/2031 Bankuf New Debt SeMaan Merged t1,0]5.c0O N $ 1.256.825 1,1O2,25c $ 1,102,250 169,3i5 $ 1&,375 Allocation Anal York Mellon bondctorefund N103 Bonds Series Bonds and 2O11 A Bonds 161 2O1g Tax Fees 11/8/Ntle 6/30/2032 Ad or Contlnuingdlulosure Merged 13.850 N E 1,550 E - 1.560 Y 1$50 Allocation Marston Bonds Seri Assotletec/ Alndenture Urban ofTrurt Futures 162 2O18Tar Fees 11/8/2018 6/30/2032 BILK Arbitrage race Merged 13,500 N $ 1 .0 LOCO E 1.Wo E Allocation analysis Bonds Seres Alndenture ofTrvst MO 2018 Taa Fees 11/B/2018 6/30/2032 Bank of NY Truttee fees Merged 14,400 N $ 1,BW 1.80D $ 1,80O $ Allocation Mellon Bends9enea A -Indenture ofTrv4 164 2o18Tax Bands Issued 111g12O10 9/1%2028 Bank of New Marked 37.139,886 N $ 1O,91508C 10.536584 $ 10.538.564 379,495 $ 3T8,498 Allocation After1Y3113O York Mellon refund 2O13 Bonds Series and 2O11 B 165 2018Tak Fees 11/8/2O18 6/30/2029 Keyser gdlclosure Merged 4.D00 N E 500 $ - 5� $ Soo Allocation Marssdn Bonds Seres Associates/ &Indenture Urban ofTeust Futures 1-B 2018 Tex Fees WS/2018 6/30/2029 BILK ICcon rebate Merged 13,500 N E 1,600 1500 $ 1,50C $ Allocation Bonds Series &Indenture ofTru4 16T 2o18Tav Fees 1119/2O1B 6/3ORO29 Bankos NY ees Marped 9,000 N E 1,8u0 1,ecc $ .No $ Allocation Mellon Bondc Serlec &Indenture oPTrvz[ Resolution 2025-001 Santa Ana Recognized Obligation Payment Schedule (BOPS 25-26) - Notes July 1, 2026 through June 30, 2026 Item # Notes/Comments 30 33 34 35 36 37 62 63 66 160 161 162 163 164 165 166 167 Resolution 2025-001 Santa Ana Recognixed Obligation Payment Schedule (ROPS 25-26) -Report of Cash Balances July 1, 2022 through June 30, 2023 liceport Amounts in Whole Culture) Pursuant to Health and Safety Code section 341]] (I), Redevelopment Property Tax Trust Fund (RPTTF) may be listed as a sauna of payment on the ROPS, but only to the extent no otherfunding scums is available orwhen paymentfsm pociperylax revenues ismood N an enfxecable obli alim For ti son howto coed late the Report of Cash Balances F. see cash MutmodToo he.,, A B c O E G H Fund Someas Bow Proposal Reewve Balance Other Funds RI Pnw ROP9 RPT1F ROPS ]3-I]CazM1 BeleMes Rm�4 hisuw on Eonrudeved on aw .ad BManczs ltlanelbl flint Come Na and and O]N1die -twoudx9 Mare1]l!1/10 Mar dom",1 four¢ Inky e14 Atlmin Comments t assuming Awllable Cash Bakru(Acted WNtl321 RPRF ammnbhoJtl mtlwe"A" poi sis sltlbticn ure—t o amems 281 OW receded galtlmre hoed oOF and hare updaletl B run caaM1essm— z RPTW aountshoudecome GSPI R3) ld be to RPTIF amount should W IM1a ROPS II 33 trial dslnbution from Me Cmnry Aumlor-Canhdln 9M] ]40707 11 a s99 9 estar ROPS II-]9 EMwceage Ohli9ellons IPSN cos9N]31 Eweal ONn .,.a 11203103 4 Retention cfAvallable cash Ral-de What omsn191 RPT amount Maned should OHy include Me amounb dislnbuled as me.. her ruum pehmcal a z9a a zpe s]B 9 RP.FI-tF 2JRt ITF Penw AdlustmeM ehodd no RPTfF amwnleMdtltieto MCPgenryg ROPS II-]3 PPAums wbmitted Io11OCAC W aMry eeyuirM 91a6 6 EmoinaWF-Aolwl cash Bela-4-5)']91 3-41Fde(1- C fo F=(H 2-0-IhG=(t e]-3-4-5) f Il 0 f 0 S 4113 N9 S 189 1< Resolution 2025-001 PAGE INTENTIONALLY LEFT BLANK Resolution 2025-001