HomeMy WebLinkAboutSA Res SA20-02 2020-12-14RESOLUTION SA 20-02
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
SUCCESSOR AGENCY TO SEAL BEACH REDEVELOPMENT
AGENCY APPROVING A RECOGNIZED OBLIGATION
PAYMENT SCHEDULE FOR THE FISCAL PERIOD FROM JULY
1, 2021 THROUGH JUNE 30, 2022 AND TAKING 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, 2021 through June 30, 2022 ("ROPS
21-22") and submit ROPS 21-22 to the Oversight Board having jurisdiction over
the Successor Agency (the "Oversight Board") for approval; and
B. Pursuant to Health and Safety Code Section 34177(1)(2), the
Successor Agency must submit ROPS 21-22 to the Oversight Board of the
Successor Agency for approval;
NOW, THEREFORE, THE BOARD OF DIRECTORS 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. ROPS 21-22, substantially in the form attached hereto as
Exhibit A, is hereby approved. The Executive Director of the Successor Agency,
in consultation with the Successor Agency's legal counsel, may modify ROPS
21-22 as the Executive Director or the Successor Agency's legal counsel deems
necessary or advisable.
Section 3. Staff is hereby authorized and directed to post a copy of the
Oversight Board -approved ROPS 21-22 on the Successor Agency's Internet
website (being a page on the Internet website of the City of Seal Beach).
Section 4. The officers and the other Staff members 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 21-22 pursuant to the DOF's instructions, and any such
actions previously taken are hereby ratified and confirmed.
Resolution SA 20-02
Section 5. PASSED, APPROVED and ADOPTED by the Successor
Agency to the Seal Beach Redevelopment Agency at a regular meeting held on
the 14t day of December, 2020 by the following vote:
AYES: Board Members: Kalmick, Moore, Massa-Lavitt, Sustarsic, Varipapa
NOES: Board Members: None
ABSENT: Board Members: None
ABSTAIN: Board Members: None
Schelly Sustarsic, Chair
ATTEST:
loria D. Harper, Seerefary
Resolution SA 20-02
EXHIBIT A
SUCCESSOR AGENCY TO THE SEAL BEACH REDEVELOPMENT AGENCY
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
(July 1, 2020 — June 30, 2021)
Resolution SA 20-02
STATE OF CALIFORNIA }
COUNTY OF ORANGE } SS
CITY OF SEAL BEACH }
I, Gloria D. Harper, Secretary of the Successor Agency to the Seal Beach
Redevelopment Agency, do hereby certify that the foregoing resolution is the
original copy of Resolution SA 20-02 on file in the office of the City Clerk of the
City of Seal Beach, passed, approved, and adopted by the Successor Agency to
the Seal Beach Redevelopment Agency at a regular meeting held on the
14th day of December, 2020.
loria D. Mrper, Secretary
Recognized Obligation Payment Schedule (ROPS 21-22) - Summary
Filed for the July 1, 2021 through June 30, 2022 Period
Successor Agency: Seal Beach
County: Orange
Current Period Requested Funding for Enforceable
Obligations (ROPS Detail)
21-22A Total
(July -
December)
21-22B Total
(January -
June)
ROPS 21-22
Total
A Enforceable Obligations Funded as Follows (B+C+D)
$ 2,500
$ -
$ 2,500
B Bond Proceeds
-
-
-
C Reserve Balance
-
-
-
D Other Funds
2,500
-
2,500
E Redevelopment Property Tax Trust Fund (RPTTF) (F+G)
$ 1,558
$ -
$ 1,558
F RPTTF
1,558
-
1,558
G Administrative RPTTF
-
-
-
H Current Period Enforceable Obligations (A+E)
$ 4,058
$ -
$ 4,058
Certification of Oversight Board Chairman:
Name
Title
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. /s/
Signature
Date
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Seal Beach
Recognized Obligation Payment Schedule (ROPS 21-22) - Notes
July 1, 2021 through June 30, 2022
Item # Notes/Comments
1 :These bonds were paid off early using fiscal agent cash on hand.
..................................:.............................................................................................................................................................................................................................................................................................................................................................
3 These bonds were paid off early using fiscal agent cash on hand.
..................................:.............................................................................................................................................................................................................................................................................................................................................................
5 These bonds were paid off early using fiscal agent cash on hand.
..................................:.............................................................................................................................................................................................................................................................................................................................................................
9
..................................:.............................................................................................................................................................................................................................................................................................................................................................
15
..................................:.............................................................................................................................................................................................................................................................................................................................................................
19 :Although there is no future financial obligation, the DOF has determined that this obligation cannot be
: removed as there is still a legal obligation related to the regulatory agreement. This obligation will
,remain in place until the Series 200A Mobile Home Park bonds are redeemed or refinanced.
Recognized Obligation Payment Schedule (ROPS 21-22) - Summary
Filed for the July 1, 2021 through June 30, 2022 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.
21-22A Total
(July -
December)
21-22B Total
(January -
June)
ROPS 21-22
Total
$ 2,500
$ -
$ 2,500
2,500
$ 1,558
-
$ -
2,500
$ 1,558
1,558
-
1,558
$ 4,058
$ -
$ 4,058
Name
/s/
Title
Signature
Date
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Seal Beach
Recognized Obligation Payment Schedule (ROPS 21-22) - Notes
July 1, 2021 through June 30, 2022
Item # Notes/Comments
1 :These bonds were paid off early using fiscal agent cash on hand.
..................................:.............................................................................................................................................................................................................................................................................................................................................................
3 :These bonds were paid off early using fiscal agent cash on hand.
..................................:.............................................................................................................................................................................................................................................................................................................................................................
5 :These bonds were paid off early using fiscal agent cash on hand.
.............
..................... :........................................................................................................... ..................................................................................................................................................................................................................................................
9
..................................:.............................................................................................................................................................................................................................................................................................................................................................
15
..................................:.............................................................................................................................................................................................................................................................................................................................................................
19 :Although there is no future financial obligation, the DOF has determined that this obligation cannot be
'removed as there is still a legal obligation related to the regulatory agreement. This obligation will
remain in place until the Series 200A Mobile Home Park bonds are redeemed or refinanced.
Exhibit A
SUCCESSOR AGENCY TO THE CITY OF SEAL BEACH REDEVELOPMENT AGENCY
ADMINISTRATIVE BUDGET
Fiscal Period July 1 - December 31, 2021
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
Services/Facilities
TOTAL
Administrative Allowance
Administrative Allowance
Administrative Allowance
Administrative Allowance
18 Administrative Allowance
1,558
PROPOSED
ADMINISTRATIVE
FUNDING
DESCRIPTION
BUDGET
SOURCE
Staffing for the Successor Agency
City Manager
298
Administrative Allowance
City Clerk
78
Administrative Allowance
Accountant
33
Administrative Allowance
Accounting Technician - Accounts Payable
50
Administrative Allowance
Accounting Technician - Payroll
24
Administrative Allowance
Finance Manager
49
Administrative Allowance
Director of Finance
1,008
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
1,558
Exhibit A
SUCCESSOR AGENCY TO THE CITY OF SEAL BEACH REDEVELOPMENT AGENCY
ADMINISTRATIVE BUDGET
Fiscal Period July 1 - December 31, 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
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.
PROPOSED
ADMINISTRATIVE FUNDING
DESCRIPTION BUDGET SOURCE
Legal counsel 2,500 Reserves
Trustee Fees -
Arbitrage Analysis
TOTAL 2,500
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
Exhibit B
SUCCESSOR AGENCY TO THE CITY OF SEAL BEACH REDEVELOPMENT AGENCY
ADMINISTRATIVE BUDGET
Fiscal Period January 1 - June 30, 2022
RYI
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
PROPOSED
City Clerk
ADMINISTRATIVE FUNDING
DESCRIPTION
BUDGET SOURCE
Staffing for the Successor Agency
Administrative Allowance
City Manager
Administrative Allowance
City Clerk
Administrative Allowance
Accountant
Administrative Allowance
Accounting Technician - Accounts Payable
Administrative Allowance
Accounting Technician - Payroll
Administrative Allowance
Finance Manager
Administrative Allowance
Director of Finance
Administrative Allowance
City Manager
Administrative Allowance
City Clerk
Administrative Allowance
Finance Manager
Administrative Allowance
Director of Finance
Administrative Allowance
Overhead Cost
Services/Facilities
Administrative Allowance
TOTAL
Exhibit B
SUCCESSOR AGENCY TO THE CITY OF SEAL BEACH REDEVELOPMENT AGENCY
ADMINISTRATIVE BUDGET
Fiscal Period January 1 - June 30, 2022
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.
DESCRIPTION
Legal counsel
Trustee Fees
Arbitrage Analysis
TOTAL
PROPOSED
ADMINISTRATIVE FUNDING
BUDGET SOURCE
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