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HomeMy WebLinkAboutSA Res SA20-021 2019-12-09Resolution No. 20-021 A RESOLUTION OF THE ORANGE COUNTYWIDE OVERSIGHT BOARD WITH OVERSIGHT OF THE SUCCESSOR AGENCY TO THE SEAL BEACH REDEVELOPMENT AGENCY APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE FISCAL PERIOD FROM JULY 1, 2020 THROUGH JUNE 30, 2021, PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177 AND TAKING RELATED ACTIONS WHEREAS, 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, 2020 through June 30, 2021 ("ROPS 20-21") and submit ROPS 20-21 to the Oversight Board with jurisdiction over the Successor Agency for approval; and WHEREAS, pursuant to Health and Safety Code Section 341790), commencing on and after July 1, 2018, the Orange Countywide Oversight Board (the "Oversight Board") has jurisdiction over the Successor Agency; and WHEREAS, pursuant to Health and Safety Code Section 34177(1)(2)(C) and Section 34177(o)(1), the Successor Agency must: (i) submit the Oversight Board -approved ROPS 20-21 to the State Department of Finance (the "DOF"), the Office of the State Controller, and the County Auditor -Controller no later than February 1, 2020, and (ii) post a copy of the Oversight Board - approved ROPS 20-21 on the Successor Agency's website; NOW, THEREFORE, BE IT RESOLVED BY THE ORANGE COUNTYWIDE OVERSIGHT BOARD: 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 20-21, substantially in the form attached hereto as Exhibit A. Staff of the Successor Agency is hereby authorized and directed to: (i) submit a copy of Oversight Board -approved ROPS 20-21 to the DOF, the Office of the State Controller, and the County Auditor -Controller and (ii) post a copy of the Oversight Board -approved 20-21 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 20-21 pursuant to the DOF's instructions, and any such actions previously taken are hereby ratified and confirmed. EXHIBIT A SUCCESSOR AGENCY TO THE SEAL BEACH REDEVELOPMENT AGENCY RECOGNIZED OBLIGATION PAYMENT SCHEDULE (July 1, 2020 — June 30, 202 1) The foregoing was passed and adopted by the following vote of the Orange Countywide Oversight Board on TUESDAY, JANUARY 28, 2020: YES: CHARLES BARFIELD, CHRIS GAARDER, STEVE JONES, BRIAN PROBOLSKY, DEAN WEST EXCUSED: STEVE FRANKS, PHILLIP E. YARBROUGH ABSTAINED: BRIAN PRO LSKY CHAIRMA STATE OF CALIFORNIA COUNTY OF ORANGE I, KATHY TAVOULARIS, Clerk of the Orange Countywide Oversight Board, Orange County, California, hereby certify that a copy of this document has been delivered to the Chairman of the Board and that the above and foregoing Resolution was duly and regularly adopted by the Orange Countywide Oversight Board. IN WITNESS WHEREOF, I have her -M Q -t my hand Resolution No: 20-021 Agenda Date: Tuesday, January 28, 2020 Item No: 7C Orange Countywide Oversight Board Recognized Obligation Payment Schedule (ROPS 20-21) - Summary Filed for the July 1, 2020 through June 30, 2021 Period Successor Agency: Seal Beach 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. 20-21A Total 20-21B Total ROPSTotal (July - (January - To December) June) $ 178,409 $ 14,109 $ 192,518 178,409 14,109 192,518 $ 16,300 $ 19,416 $ 35,716 - 3,116 3,116 16,300 16,300 32,600 $ 194,709 $ 33,525 $ 228,234 t" ��� R�b0�� > J�io4a'j'n Name Title Signature 7 Date N O 04 N N iL N 00 M r.. d _d C_ 7 a� tr rn (n U) 7 O C yL+ d EN TO a N C a O 7 07 m O m A N o N Ln � M fA to m O fA EA fA CLL,o M > ca aNi CL � cc H v 7 L -p V3 �m N o Li `oC d N 7 U C G. oI d @ gym, N' 01 m i i i Fo.:o U' o O m O ;i a 0 0 CY N p v w O F- N rn fR r fA C LL c. i aL" as 0 V p LL i d 7 v ` N zL_ Q N N C 0 L O N d � N 7 � U O a. mm N(mcn O Od o o V o -1 J U m o aD N CL v3 N d M a0 u7 u� o Y LL N �p 06 N co O m Q - F N04 cN fA of fA ff3 N `- z z z z m V a0 U) o a ._ o N � C W Lo _ @ C jp W N O OI N W ~ N � r 00 U@O c 5 O c O c O 't aQ > > > > o _ N 'E C r r: N d N d U y O U D w N O L -C N L^. 7 .� N C O C d d N N o N N d .00 d N ?`9 � @ m 0@ y U QL - O o U o` Or LL O).N W d LL O N y C N d 7@ N L 7 d rG d d w E N d~ N 'p N N i N -O J �p ' @ C N N N N LO "O '7 7 N iZ@ N@ E N (0 E N N N ¢ -O Q) a L C N o N C N C L O T N U X L T a O E C S G O } N O C Y VJ =-2 C 0 O @ @ .0 @ n. � UJ @ �--' @ U .O a C V O -a @ a L w @ @ U O LL d F Q ¢ LL N F ¢ ¢ LL' LLT Y -Q d m N N @ C U C y a Z Y} m =5 or mz �Eu) Dm C C d [7 O Cl) O co O Lo O W @ Ed d C N N N N N N E 0 ON Q F N N o C d o O E d (] 01 N o N N Q N N o N co 11 ¢ o r N O r N O r N a0 o O N d � T N d OC C N 0 O N m p 0 .N 0 .N j @ N N U N U 9 co 00 0 mm mo0� IL u) a_ En ti a)X C X C X O m O N F es¢ F'- m¢ �- N¢ N d a z o o c o o c o o o f N Q m N Q m N Q m 2 Q N qL Cl) n r m _ o �j > N �f0. 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O V C T U T m w V II O O L I� O t0 a) O '� O to O '6 O '� Q a O 3 U) CD d' m7 �o c u75U aoa) d75 m u a) `�°a mo O cyN N y o m a) a co E °;c> QC y> 0 a a m C a'u O CE o pom o oo N> R'm )M+ > O =m dca Yo r-mE aLb" omni m =c ��o > 0 Y� �CL�La a =a dE 4) CL x CD O CL E O co N m� m W Q.-o 0: WU m rn 3 c my j C Q EL vim- T N M I* In w DRAFT Exhibit A SUCCESSOR AGENCY TO THE CITY OF SEAL BEACH REDEVELOPMENT AGENCY ADMINISTRATIVE BUDGET Fiscal Period July 1 - December 31, 2020 CATEGORYI The items listed below include amounts to be reimbursed by the Successor Agency to the City of Seal Beach, pursuant to a Cooperative Agreement for Advance and Reimbursement of Administrative, Overhead and other Expenses ("Cooperative Agreement"), by and between the City and the Successor Agency, in the form approved by the Successor Agency Board pursuant to Resolution No. SA 12-10, adopted on April 9, 2012. Pursuant to the Cooperative Agreement, the Successor Agency reimburses the City for all costs advanced by the City for the administration and operation of the Successor Agency, including but not limited to value of staff, consultants and legal counsel, office space, equipment, supplies, insurance and other services and facilities. City Manager City Clerk Finance Manager Director of Finance lities AL Administrative Allowance Administrative Allowance Administrative Allowance Administrative Allowance 18 Administrative Allowance 1,300 PROPOSED ADMINISTRATIVE FUNDING DESCRIPTION BUDGET SOURCE Staffing for the Successor Agencv City Manager 92 Administrative Allowance City Clerk 39 Administrative Allowance Accountant 33 Administrative Allowance Accounting Technician -Accounts Payable 49 Administrative Allowance Accounting Technician - Payroll 24 Administrative Allowance Finance Manager 48 Administrative Allowance Director of Finance 998 Administrative Allowance City Manager City Clerk Finance Manager Director of Finance lities AL Administrative Allowance Administrative Allowance Administrative Allowance Administrative Allowance 18 Administrative Allowance 1,300 DRAFT Exhibit A SUCCESSOR AGENCY TO THE CITY OF SEAL BEACH REDEVELOPMENT AGENCY ADMINISTRATIVE BUDGET Fiscal Period July 1 - December 31, 2020 CATEGORY II Health & Safety Code Section 34177 (k) states: "Provide administrative cost estimates, from its approved administrative budget that are to be paid from property tax revenues deposited in the Redevelopment Property Tax Trust Fund, to the county auditor -controller for each six-month fiscal period." Listed below are the administrative cost items that the Successor Agency anticipates to pay from property tax revenues deposited in the Redevelopment Property Tax Trust Fund. These items may include amounts to be reimbursed by the Successor Agency pursuant to the Cooperative Agreement. Pursuant to Health and Safely Code Section 34177(d)(1)(F), contracts necessary for the administration and operation of the Successor Agency are enforceable obligations. Accordingly, amounts to be paid by the Successor Agency to third party vendors for equipment and supplies necessary for the administration of the Successor Agency and auditors, legal counsel and other consultants for services to the Successor Agency are listed as payments for enforceable obligations on the Recognized Obligation Payment Schedules. The Successor Agency anticipates to pay such costs from property tax revenues deposited in the Redevelopment Property Tax Trust Fund. Legal counsel Trustee Fees Arbitrage Analysis TOTAL Administrative Allowance Administrative Allowance Administrative Allowance Administrative Allowance CATEGORY III Costs allocable to particular projects are considered part of the project costs. Listed below are administrative costs that are allocable to projects and not included in the tables above. These items may include amounts to be reimbursed by the Successor Agency pursuant to the Cooperative Agreement. PROPOSED ADMINISTRATIVE FUNDING DESCRIPTION BUDGET SOURCE Staff RPTTF Legal counsel RPTTF Contract Expenses RPTTF TOTAL DRAFT Exhibit B SUCCESSOR AGENCY TO THE CITY OF SEAL BEACH REDEVELOPMENT AGENCY ADMINISTRATIVE BUDGET Fiscal Period January 1 - June 30, 2021 ICATEGORYI items listed below include amounts to be reimbursed by the Successor Agency to the City of Seal Beach, pursuant to a Cooperative ement for Advance and Reimbursement of Administrative, Overhead and other Expenses ("Cooperative Agreement'), by and between the and the Successor Agency, in the forma p proved by the Successor Agency Board pursuant to Resolution No. SA 12-10, adopted on April 9, !. Pursuant to the Cooperative Agreement, the Successor Agency reimburses the City for all costs advanced by the City for the administration operation of the Successor Agency, including but not limited to value of staff, consultants and legal counsel, office space, equipment, flies, insurance and other services and facilities. City Manager City Clerk Finance Manager Director of Finance Services/Facilities TOTAL Administrative Allowance Administrative Allowance Administrative Allowance Administrative Allowance 18 Administrative Allowance 1,300 PROPOSED ADMINISTRATIVE FUNDING DESCRIPTION BUDGET SOURCE Staffing for the Successor Agency City Manager 92 Administrative Allowance City Clerk 39 Administrative Allowance Accountant 33 Administrative Allowance Accounting Technician - Accounts Payable 49 Administrative Allowance Accounting Technician - Payroll 24 Administrative Allowance Finance Manager 48 Administrative Allowance Director of Finance 998 Administrative Allowance City Manager City Clerk Finance Manager Director of Finance Services/Facilities TOTAL Administrative Allowance Administrative Allowance Administrative Allowance Administrative Allowance 18 Administrative Allowance 1,300 DRAFT Exhibit B SUCCESSOR AGENCY TO THE CITY OF SEAL BEACH REDEVELOPMENT AGENCY ADMINISTRATIVE BUDGET Fiscal Period January 1 - June 30, 2021 CATEGORY II Health & Safety Code Section 34177 (k) states: "Provide administrative cost estimates, from its approved administrative budget that are to be paid from property tax revenues deposited in the Redevelopment Property Tax Trust Fund, to the county auditor -controller for each six-month fiscal period." Listed below are the administrative cost items that the Successor Agency anticipates to pay from property tax revenues deposited in the Redevelopment Property Tax Trust Fund. These items may include amounts to be reimbursed by the Successor Agency pursuant to the Cooperative Agreement. Pursuant to Health and Safely Code Section 34177(d)(1)(F), contracts necessary for the administration and operation of the Successor Agency are enforceable obligations. Accordingly, amounts to be paid by the Successor Agency to third party vendors for equipment and supplies necessary for the administration of the Successor Agency and auditors, legal counsel and other consultants forservices to the Successor Agency are listed as payments for enforceable obligations on the Recognized Obligation Payment Schedules, The Successor Agency anticipates to pay such costs from property tax revenues deposited in the Redevelopment Property Tax Trust Fund, PROPOSED ADMINISTRATIVE FUNDING DESCRIPTION BUDGET SOURCE Legal counsel 15,000 Administrative Allowance Trustee Fees 3,116 Administrative Allowance Arbitrage Analysis - Administrative Allowance - Administrative Allowance TOTAL 18,116 CATEGORY III Costs allocable to particular projects are considered part of the project costs. Listed below are administrative costs that are allocable to projects and not included in the tables above. These items may include amounts to be reimbursed by the Successor Agency pursuant to the Cooperative Agreement. PROPOSED ADMINISTRATIVE FUNDING DESCRIPTION BUDGET SOURCE Staff RPTTF Legal counsel RPTTF Contract Expenses RPTTF TOTAL