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HomeMy WebLinkAboutOB Res 17-01 2017-01-30 RESOLUTION NUMBER.OB17-01 A, RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE SEAL BEACH REDEVELOPMENT AGENCY APPROVING A RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE FISCAL PERIOD FROM JULY 1, 2017 THROUGH JUNE!30, 2018, PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177 AND TAKING CERTAIN RELATED ACTIONS RECITALS: A. Pursuant to Health and Safety Code Section 34177(o), the Successor Agency to the Seal Beach Redevelopment .Agency (the "Successor Agency") must prepare a.Recognized Obligation Payment Schedule listing the anticipated payments for enforceable obligations to be. made by the Successor Agency during the fiscal period from July 1, 2017 through June 30, 2018 ("ROPS 17.18") and submit ROPS 17-18 to the oversight.board of the Successor Agency (the "Oversight Board") for approval. B. Pursuant to Health and Safety Code Section 34177(I)(2)(C) and Section 34177(o)(1,),. the Successor Agency must: (i) submit the Oversight Board-approved ROPS 17-18 to the DOF, the Office of the State Controller, and the County Auditor- Controller no later than February 1, 2017, and (ii) post a copy of the Oversight Board- approved ROPS 17-18 on the Successor Agency's website. NOW, THEREFORE, THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE SEAL BEACH REDEVELOPMENT AGENCY HEREBY FINDS, DETERMINES, RESOLVES, AND ORDERS AS FOLLOWS: Section 1.. The above recitals are true and correct and are a substantive part of this Resolution. Section 2.. The Oversight Board hereby approves the proposed ROPS 17-18, substantially in the form attached hereto as Exhibit A. Staff of the Successors Agency is hereby authorized and directed to: (i) submit a copy of Oversight Board-approved ROPS 17-1.8 to the DOF, the Office of the State Controller, and the County Auditor- Controller and (H) post a copy of the Oversight Board-approved 17-18 on the Successor Agency's Internet website (being a page on the Internet website of the City of Seal Beach). Section 3. The 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 but not limited to requesting additional review by the DOF and an opportunity to meet and confer on any disputed items, and making adjustments to ROPS 17-18 pursuant to the DOF's instructions, and any such actions previously taken are hereby ratified and confirmed. Resolution Number OB17-01 PASSED, APPROVED AND ADOPTED by the Oversight Board at a meeting held on the 30th day of January, 2017.. AYES: Board Members: Ingram, Hoang, Deaton, Massa-Lavitt NOES: Board Members:None ABSENT: Board Members:'Meyer, Thompson, Regnier �i iksvat-4e Vice Chair, Oversight Board ATTEST: Secretary, Oversight Board STATE OF CALIFORNIA COUNTY OF ORANGE ) SS CITY OF SEAL BEACH I, Robin Roberts, Secretary to the Oversight Board, hereby certify that the foregoing resolution was duly adopted at a meeting of the Oversight Board, held on the 30th day is 2 . -fi IV . Secretary, Oversight Board EXHIBIT A SUCCESSOR,AGENCY TO:THE SEAL BEACH REDEVELOPMENT AGENCY RECOGNIZED,OBLIGATION PAYMENT SCHEDULE (July 1, 2017 — June 30, 2018) • Seal Beach Recognized Obligation Payment Schedule CROPS 17-181-ROPS Detail July 1,2017 through June 30,2018 Report Amounts In Whole Dollars) A B C O E F 0 H I J R L M N 0 P O S T V V W 17.18A(July-December) 'iSPY $ba Ci+.7]-188 tJ nuary June ' 'e Fund Sources Fund Sources- Geehacl/A9reement Ceha0A9eemenl Total OURtandn9 ROPS 17.18 - ]1SB- — - Ilemp Poeoed NemLOetllobdsa0on Otllgavonirye ErerWOn Oate Teem Bale Payee OesopLONPrr en trope Project Debt or Oal Oatlon Peered Total Bond Proceeds Reserve Balance OTer Funds RPTny Atlmin RPTTF Total Bona Proceeds R Baarae OP Funds RPTi AOm RPTT Tolal s 3943075 a 11]3,9X1 S $ b - b 984,608 1 30323 $ 1 000031 S... ,, $ - f---...zit I.':' P---,--128- ,5440 S'.- 32845 $ o ea.158800 120100 Tm Plocatar OsedB Bonds'¢iced 00 or Beloee 131tOR000 13/S0.R033 Band HOItlers Va BanX OI 3410060 N 5 65528 _ fi00653, $ 808 853 49619 rlxuu•49919 33000 Ta P1maven BmdB Dods issued On 6r Belare 13/1602000 1380(1015 Bond Holden Ne Ban4 of ine eWntls od due able sal 115,000 N 5 50.031 58306 0 SB 305 1725 -4 + 715]7y25� 12/31/10 New Tors mer2aMrspayeole dtear i'Yt . `. }''g�' eat are eYarlaoO by a 1, These bands O a ea aeI0050a .E�3 §'°d de emat i first e nods ran The bonds Wooded 0 e p' {-) area s9010 and mmbla9on 00 the m ^ 32000 Tax NbW.bn Bond A Peolessional Serees 12/20(2000 12/20/2023 Bank et New VOrk V11]I10 eaLmeled lmslee 1,823 N S 1.023 0 - 1,823 i5,,Vs 1,823 Fees/PrtNape Analysts Hµp�� •r�'.L..°• 42000 Tao AAOSaoon Bend B Professional Services 12/200000 12/20/2015 Bank al New Toes iV 1]110 esammed mate, 1823 N S 1523 1823 b 1,523 I3. S- Fees)PARage Aretrys 1161 vS3! - 1.1 52000 Tax Allocation Bond A Professional Services 12120/2000 12/294023 Moran Mama Services FY 17/15 est mated Trustee 1161 N 8 1.101 b - Fe.ehedk/apeAnens. 1,161�S�V'�� 1101 62000 Tax Allacatan Bond B Professor&Bermes 12)20/2000 1X204018 WYda'1FinarcJal oeeuces FV 1]115 esLmeted ieatee 1.161 N S. 1101 S .. ,� •l Fees/A:b a An lys. e5wnlse 7 Mote Home Perk Resets Bonds Binh Issued On or Before m31/2000 0/31/2025 Omen Bank.Trustee ROA d bonds Yr,2000Io assist 540.000 N 5 - 5 - t0 B Parh 12131/10 Lnh Ca MO • Project)S 2000A;R OWatory Ge N P ML ep adan 1p• Agreement dated December 1,2000 b purchase a mobile home park vans, e' Ale peeled'areas The Yreemenoa0ala Ms RO A to me S eMie pay e rental Boyne, ¢eetl s t 50,000 per yeae,m N - . maintern affordable troths es 8'• 11 L ISenc Adele GOYS ]/1400] 630/2026 Richard Watson 56 n Le@ tOSJC A•e 50000 N 4 50000 250008 25000 25020■Sae awse2500B 1 ".1 -"g .. lh MYa lea N<e , 51-'{i. r.b' •s ,--,....17--.I F.t : �-•'d°'"°2 An $ n-. +w ` ..,, X. y, art--; 3 't X "4'1.'1' �. ... ,' T K +-' re e ` L •5l "a f' 4 t1•G Yd. ] ! y4, - 1e +5F $5/8 r•yp{�^ "MC N' � �.^�TC9 �" RtJe,FUMrM x F% t-4., ..± r ,� e,e)= l a .. ' I- -- '°X 90. noA Tim or iitawJ 9 '4 t' a 47t.;` 's.. o- -° n 4 n- _ y yp maanpel aid 6% l 4 -%T- .�Y.ti -.')' / 3 ^ 7}` '•:•Adr,, 'g i i f { ,success,A9enryfibn/O pnt M 45/2011 w3M0t5 - SULLY...Agency Admmrsdavrt Co si ],000 7,000 3,500 3.500 3500, Yn.,,z url/O+eto9Mboa'd _ - R1RIe•C+ 10 XOUClnq ElNly AtlmmStreeve eR M Ymeous, 2/18/1014 8202016- County of Orange Admuusoo ehAos06Ne SUrcessoe 150,000 i50.OW '75000 75,000 750X' ^33i "1QS' Nbvaeee Agency Housman AVAwM _ - :Se.wTao 21 s2 21 — e4 22 •. 3e 23 • 24 - 1$os Em - 25. Ssc .o 70 :See...ao•v 2a 3 rz 20 _30 •r'�. rsa 3 32 — rs 33 r 34 - 1s swam s - 35 ,Enx 37 rn 37 ]5. . 39 - ISS.aw+Gv+- 40 - a3. - E .. 5 A 50 51 54 8 s _55 8 3 1 1 _ Recognized Obligation Payment Schedule (ROPS 17-18) -Summary Filedfor the July 1, 2017 through June.30.:2018Period Successor Agency: Seal'Beach County: Orange 17.-18A-Total 17-18B:Tota I Current,Period Requested Funding;for Enforceable Obligations(ROPS Detail) (July-December) (January-June) ROPS 17-18 Total 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): $ 1,014,931 $ 158,989 $ 1,173,920 F RPTTF _ 984,608 126;344 1,110,952 G Administrative RPTTF 30,323 32,645 62,968. H Current Period Enforceable Obligations(A+E): $ 1,014,931 $ 158;989 $ 1,173,920 Certification of Oversight Board Chairman: aL t-'reN MC1: --ekki I I V 1 cz ( r-' Pursuant to Section 34177(o)of the Health and Safety code, I hereby certify that the above isa true and accurate Recognized Na �t `{/y Title Obligation Payment Schedule for the above named successor `t /, _ , 1 44 01( " '� agency. lsl �}/)l/ ^��"'fi w S ature Date Seal Beach Recognized Obligation Payment Schedule(ROPS 17-18)-Report.ofCash Balances (Report Amounts in Whole Dollars) Pursuant to Health.and.Safety Code section34177(I),Redevelopment Property Tax Trust Fund(RPTTF)maybe listed as a'sburce"of.pavment on the SOPS,but only to the extent no other funding source is available or when payment from property tax revenues is required by an enforceable obli_ation. For ti s on how to com.lete the Resort of Cash.Balances'Form see Cash Balance Ti.s,Sheet. A Fund Sources Bond Proceeds • Reserve Balance. Other RPTTF Prior ROPS Prior BOPS period balances' RPTTF Bonds issued on and DDR RPTTF distributed as Rent, Non-Admin or before Bonds issued on balances reserve for future grants, and Cash Balance Information by ROPS Period 12/31/10 or after.01/01/11 retained period(s) interest etc. Admin Comments ROPS 15-16B Actuals(01/01/16-06/30/16) - 1 Beginning Available Cash Balance(Actual 01101116) 667 2 Revenue/Income(Actual 06/30/16) RPTTF amounts should tie to the ROPS 15-16B distribution from the County Auditor-Controller during January 2016 1 538,320 3 Expenditures for ROPS 15-16B-Enforceable Obligations(Actual 06/30/16) 532,441 4 Retention of Available Cash Balance(Actual 06/30/16) RPTTF amount retained should only include the amounts distributed as I reserve for future period(s) Funding due to the City for Oversight Board 6543 Activity was not transferred 5 ROPS 15-160 RPTTF Balances Remaining vrz�:, w)p'� - Ls e P.,S J U �^ .4*I n No entry required ,+t ' a31 yy 214 rp. , Sri Mrly� 3fr .0.6 ..z.+(',-r..• �. n;C 6 Ending Actual'Available:Cash Balance C.toG=(1 +2-3-4),H=(1+2-3-4-5) -1.-5- 3 Seal'Beach Recognized Obligation Payment Schedule (ROPS 17-18) - Notes July 1, 2017 through June 30, 2018 Item # Notes/Comments