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Home My WebLink AboutSAOB Resolution 2018-2 (ROP Schedule 2018-19)OVERSIGHT BOARD FOR TIIE SAN RAFAEL SUCCESSOR AGENCY OB RESOLUTION NO . 2018-2 RESOLUTION OF THE OVERSIGHT BOARD OF TIIE SAN RAFAEL SUCCESSOR AGENCY APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE AND ADMINISTRATIVE BUDGET FOR FISCAL YEAR 2018-19, MAKING RELATED FINDINGS AND DECLARATIONS AND TAKING RELATED ACTIONS IN CONNECTION TIIEREWITH WHEREAS, the California state legislature enacted Assembly Bill xl 26 (the ''Dissolution Act") to dissolve-redevelopment agencies formed under the Community Redevelopment Law (Health and Safety Code Section 33000 et seg.); and WHEREAS, SB 107 adopted on September 22, 2015 replaced the six month ROPS with an annual ROPS; and WHEREAS, the Successor Agency staff prepared the ROPS 2018-19 for fiscal year 2018-19 (ROPS 2018-19); and WHEREAS, under the Dissolution Act, the ROPS 2018-19 must be submitted to Oversight Board for the Oversight Board's approval; and WHEREAS, in accordance with Health and Safety Code Section 34177(l)(2)(B), the Successor Agency submitte'd the ROPS 2018-19 to the Marin County Administrative Officer, the Marin County Auditor-Controller, and the State Department of Finance; and WHEREAS, after reviewing ROPS 2018-19 presented to and recommended for approval to the Oversight Board by Successor Agency staff, and after reviewing written and oral comments from the public relating thereto, the Oversight Board desires to approve the ROPS 2018-19; and WHEREAS, the Successor Agency is entitled to an administrative cost allowance (the "Administrative Cost Allowance") pursuant to Health and Safety Code Sections 341 71 (b) and 34183(a)(3) in the minimum amount of $250,000 per fiscal year; and WHEREAs, the accompanying staff report provides supporting information upon which the actions set forth in this Resolution are based. ' NOW, TIIEREFORE, BE IT RESOLVED that the Oversight Board hereby fmds, resolves, and determines that the foregoing recitals are true and correct, and, together with information provided by the Successor Agency staff and the public, form the basis for the approvals, fmdings, resolutions, and determinations set forth below. BE IT FURTIIERRESOLVED that under Health and Safety Code Section 34180(g), the Oversight Board must approve the establishment of the recognized obligation payment schedules of the Successor Agency. BE IT FURTIIER RESOLVED that the Oversight Board hereby approves the proposed ROPS 2018-19 in the fOIm presented to the Oversight Board and attached hereto as Exhibit A (the "Approved ROPS 2018-19"), and including the agreements and obligations described in the Approved ROPS 2018-19, and hereby deteImines that such agreements and obligations constitute "enforceable obligations" and "recognized obligations" for all purposes of the Dissolution Act. In connection with such approval, the Oversight Board makes the specific,; findings set forth below. BE IT FURTIIER RESOLVED that the Oversight Board has examined the items on the Approved ROPS 2017-18 and finds that each of them is necessary for the continued maintenance and preservation of property owned by the Successor Agency until disposition in accordance with the Dissolution Act, the continued administration of the ongoing agreements hereht approved by the Oversight Board, or the expeditious wind-down of the affairs of the Dissolved RDA by the Successor Agency. BE IT FURTIIER RESOLVED that the Successor Agency is authorized and directed to enter into any agreements and amendments to agreements necessary to memorialize and implement the agreements and obligations in the Approved ROPS 2018-19 and herein approved by the Oversight Board. BE IT FURTIIER RESOLVED that under Health and Safety Code Section 341770), the Oversight Board must also approve the administrative budget for the Successor Agency. BE IT FURTIIER RESOLVED in accordance with the Dissolution Act, the Oversight Board hereby approves the proposed Administrative Cost Allowance in the fOIm presented to the Oversight Board and attached hereto as Exhibit B (the "Administrative Budget"), and authorizes the Successor Agency to incur costs for the general administrative activities and functions described in the Administrative Budget. BE IT FURTIIER RESOLVED that the Oversight Board frods that the Administrative Budget supports a Fiscal Year 2018-19 Administrative Cost Allowance to the Successor Agency in the amount of$250,000 for the fiscal year 2018-19. BE IT FURTIIER RESOLVED that the Successor Agency is authorized and directed to enter into any agreements and amendments to agreements necessary to memorialize and implement the agreements and obligations in the Administrative Budget herein approved by the Oversight Board. BE IT FURTIIER RESOLVED that the Oversight Board hereby directs the Successor Agency staff to take all actions necessary under the Dissolution Act to file, post, mail or otherwise deliver via electronic mail, internet posting, and/or hardcopy. all notices ~d transmittals necessary or convenient in connection with the approval of the Approved ROPS 2018-19 and the approved Administrative Budget, and to take any other administrative actions necessary to ensure the validity of the Approved ROPS 2018-19 and the validity of any enforceable obligation approved by the Oversight Board in this Resolution. In addition, the Oversight Board authorizes and directs the Succe~sor Agency staff to make such non-substantive revisions to the Approved ROPS 2018-19 as may be necessary to submit the Approved ROPS 2018-19 in any modified form required by the Department of Finance, and the Approved ROPS 2018-19 as modified shall thereupon constitute the Approved ROPS 2018-19 as approved by the Oversight Board pursuant to this Resolution. BE IT FURTHER RESOLVED that this Resolution shall take effect at the time and in the manner prescribed in Health and Safety Code Section 34179(h). ADOPTED January 22 2018 by the Oversight Board of the San Rafael Successor Agency, by the following v<;>te ; AYES BOARD MEMBERS; NOES BOARD MEMBERS; ABSTAIN BOARD MEMBERS; ABSENT BOARD MEMBERS; ATTEST; Ov ersight Board Designated Communication Official Exhibit A Recognized Obligation Payment Schedule (ROPS 18-19)· Summary Filed for !he July 1, 2018ttvough June 3D, 2019 PertDd Successor Agency: San Rafael County: Martn CurrDnt Porlod Requested Funding for Enforceable Obligations (ROPS Detail) A EnforceablD Obligations Funded as Follows (B+C+D): B Bond Proceeds C Reserve Balance o Olher Funds E Redevelopment Properly Tax Trust Fund (RPTIF) (F+G): F RPTIF G Adminlslrative RPTTF $ 18·19A Toiol (July· December) 3,708,956 3,583 ,956 125,000 $ H Current Period Enforceable Obligation. (ME): 3,708,956 $ Certificallon of Oversighl Board Chairman: Pu,,;uantto SectIon 34177 (0) of the Health and Safety code,l hereby certify Ihat!he above Is a !rue and accurate Recognized Obligation Payment Schedule for the above named successor agency . Tille Date 18-19B Toiol (January· Juno) 301,863 176,863 125,00 0 301,863 $ ROPS 18·19 Toiol 4,010,819 3,760,819 250,000 4,010,819 ~-. 1=-·"'·· ..... :.,'~~_ It . __ ........ -, .. 1::-. ;::-" . =_._-,. ---_·cry • ._ .... - 1f~_OIOIt< ... I"'·, .. c-auw_ UOt ...... -a [00_"". ""-0". .... .,., ~-'N' ..... " "". ---I=--=~~~.JI =---- ~-.-, -- ~--.....,,, _._- .... "lru'~OMt .... '.,.... .. :IIU\1·ulltllDf'SIt.ItI·IU".III.ld JIA,I."illI,.nJllJu.U.t"l l1li •. ,,, .... _ ....... _,.. I·IIAJuI ,C,,"-11'I. _'".~I ... eu .. ,. - Furtd'oLUl:II _ .. .. , I • I f un.d&o .. c: .. .~ ~"' ~: .... ........... '--"'''- i-:tr.l '~'N "." , .... , .. - San Rafael RecognIzed Obligation Payment Schedule (ROPS 18-19) -Report of Cash Balances July 1, 20151hrough June 3D, 2016 (Report Amounts In Whole Dollars) PUfsu;;mllo Health and Safety Coda section 34177 (I), Redevelopmolll p~oporty Tax Tfust Fund (RPTTF) may be listed alII source of p;symenl on the ROPS. but only 10 the eldent no other fundfflfJ source Is ovalablo or when pnymant rrom If OJ I bx ",vanues I:a requfred bY an enforceable Dbfiallion. For Ii." on how to comDfetalhe Reoort of ca~ Eb'oancell Form 600 r INSERT URL LlNit TO CASH El.\lANGE TIPS SHEET A B C D E F G H I FundSourC:H BondProc:Hd. R ... rv. OOiltanc:. other RPTIF PrIor RaPS perklcl balanco& PrlorROPS Dnd RI'TTF Bonds issui!d on Donds Issuod all ODRIlPTTF di:llribulcd 115 Rent, Non-Admin Cash Balance Infonnatlon for ROPS 15·1& Actuate or boforo oranor balances rOGorvD for Mum grants, and (01101/1.·06/30/1. 12/31/10 01/01/11 rotalned perlodl·) Interest. olc. Admin Comments I Boolnnino AV3Uabl. Cash Balanco (Aclual 07/01115) -. 2 Revonurllncomo (Actual 06130115) RPTTF amount.:JIlOUId Uo to Iho ROPS 15·18 lobi dlshbJUon from the County AudUor-Controlror durmD Jllna 2015 and Jaruwy 2016. 4.186 360 !he Timing '" Iha Bond ...... debt ser\llco paymcnl J Ellpendllurn ror ROPS 15·18 Enrorceab10 Obligations (Actual 05llG/161 4.186.360 4 Ratontlon of Available Cash Balance (Actual 08130116) RPnF amount rotained should only IncIudo tho amounb distribUtod 09 reserve for future peJiod(s) 6 ROPS 1&·16 RPTTF Balancos Remaining No oolry .. quln>d 6 Ending Actual AvailablG Cash Balance (06130118) C 10 G. (1+ 2· 3 ·4~ H. (I + 2·3 ·4·&) $ • ' $ . $ $ -$ $ San Rafael Recognized Obligation Payment Schedule (ROPS 18-19) -Notes July 1, 2018 through June 3D, 2019 ---- IlBm # NotBsiComm8nts -------- -- - - --- ---t-- Administrative Budget San Rafael Successor Agency I Administrative Budget Fiscal Year 2018-19 I I Description Payee Description Source I I I Agency admin City of San , stafT costs Admin istrat ive staff Rafael Cos t I allowance Agency admin City of San I staff costs Administrative Finance Staff Rafael Cost allo wance Agency adm in . PG&E Utility-lease Administrative utilities/leases payments Cost allowance Agency admin. Various Maint. RDA Administrative Maintenance offices Cost allo wance Agencyadmin. City of San IT services Administrative IT/communication Rafael Cost all owance Agencyadmin. City of San Insurnnce Administrative liability insurance Rafael Cost allowance Agencyadmin Maze & Aud it Administrative auditor Associate s, Cost LLP allowance Agencyadm in. Various Legal Serv ices Administrative legal Cost allowance I Contracted Vavrine k, Accoun ti ng , Administrative administrat ive Trine, Day & Consulting Cost support Co., LLP a llowance Cost of property Various Legal, agent, Administrative title transfer and other Cost I property disposal , allowance I I J Total I $250,000