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Home My WebLink AboutItem SA 03 - Recognized Obligation Payment Schedule (ROPS)Community Development Agency .; www.santa-ana.org/cd Item # 3 City of Santa Ana 20 Civic Center Plaza, Santa Ana, CA 92701 Staff Report January 20, 2026 TOPIC: Recognized Obligation Payment Schedule Fiscal Year 2026-27 AGENDA TITLE Recognized Obligation Payment Schedule (ROPS) for the Period of July 1, 2026 through June 30, 2027 RECOMMENDED ACTION Adopt a resolution approving the Recognized Obligation Payment Schedule for the period of July 1, 2026 through June 30, 2027 pursuant to Part 1.85 of Division 24 of the California Health & Safety Code. SUCCESSOR AGENCY RESOLUTION NO. 2026-XXX entitled A RESOLUTION OF THE SUCCESSOR AGENCY TO THE FORMER COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE 26-27 FOR THE PERIOD OF JULY 1, 2026 TO JUNE 30, 2027 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") GOVERNMENT CODE §84308 APPLIES: No DISCUSSION Recognized Obligation Payment Schedule Fiscal Year (FY) 2026-27 January 20, 2026 Page 2 In 1973, the City of Santa Ana ("City") adopted an ordinance to create a Redevelopment Agency. Throughout the years, the Redevelopment Agency completed numerous projects to eliminate physical and economic blight, spur economic growth, fund construction of affordable housing projects, and provide infrastructure and community facility improvements within the defined redevelopment project areas. Pursuant to Part 1.85 of Division 24 of the California Health & Safety Code ("Dissolution Act"), the City Council on January 9, 2012, elected for the City to act as the "Successor Agency" to the dissolved Community Redevelopment Agency ("Agency"). On February 1, 2012, in accordance with the Dissolution Act and the California Supreme Court's decision in California Redevelopment Association v. Matosantos, Case No. S194861, the Agency was dissolved and the City began to serve as the "Successor Agency." 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. Effective July 1, 2018, the local Oversight Board to the Successor Agency was dissolved and the new Orange Countywide Oversight Board ("OCOB") was established. The OCOB now has oversight with respect to the Dissolution process, including review and approval of the ROPS. The ROPS includes the administrative cost allowance as required under Health and Safety Code Section 34177 0) through (k), and is presented in the format designed by the Department of Finance ("DOF"). Upon Successor Agency approval, the ROPS will be submitted to the OCOB for approval at its January 27, 2026 meeting. Upon OCOB approval, the ROPS will be submitted to the DOF, County, and other appropriate entities as required by the Dissolution Act by the February 1, 2026 deadline. The ROPS will also be posted on the Successor Agency's website. FISCAL IMPACT The Successor Agency is limited to making only payments listed on the approved ROPS for each annual period. Administrative expenses are capped at three percent (3%) of the actual property tax distributed for the ROPS in the preceding fiscal year or the minimum of $250,000 per year. However, the OCOB continues to request that successor agencies reduce and minimize the administrative allowance necessary to oversee the remaining obligations on the ROPS. Therefore, the Successor Agency's administrative cost allowance for FY 2026-27 will be $72,454 which is a reduction of $38,186 from the previous year's administrative allowance. Funds will be budgeted for FY 2026-27 in the Redevelopment Obligation Retirement Funds (account no. 67118021-various, 67018843-various) upon approval of the ROPS by the DOF. Recognized Obligation Payment Schedule Fiscal Year (FY) 2026-27 January 20, 2026 Page 3 EXHIBIT(S) 1. Resolution A. Recognized Obligation Payment Schedule FY 2026-27 Submitted By: Michael L. Garcia, Executive Director, Community Development Agency Approved By: Alvaro Nunez, City Manager EXHIBIT 1 SUCCESSOR AGENCY RESOLUTION NO. 2026-XX A RESOLUTION OF THE SUCCESSOR AGENCY TO THE FORMER COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE 26-27 FOR THE PERIOD OF JULY 1, 2026 TO JUNE 30, 2027 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 0) through (k). E. The annual ROPS for the July 1, 2026 through June 30, 2027 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, 2026. Section 2. The Successor Agency approves the Recognized Obligation Payment Schedule 26-27, attached hereto as Exhibit A and incorporated herein by this reference, and authorizes the submission to the County of Orange and Countywide Oversight Board for review and approval. Resolution 2026-xx Page 1 of 3 EXHIBIT 1 Section 3. Pursuant to the Dissolution Act, the Successor Agency further authorizes the transmittal of the ROPS 26-27, upon subsequent Countywide Oversight Board approval, to DOF with copies to the County Administrative Officer, the County Auditor -Controller, and the State Controller's Office. Section 4. The City Manager, or his/her designee ("City Manager"), is directed to post on the City's website the ROPS 26-27 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 Clerk of the Council shall attest to and certify the vote adopting of this Resolution. ADOPTED this __ day of , 2026. Valerie Amezcua Mayor APPROVED AS TO FORM: Sonia R. Carvalho, City Attorney By&A (61 At k, Andrea Garcia -Miller Senior Assistant City Attorney AYES: Councilmembers: NOES: Councilmembers: ABSTAIN: Councilmembers: NOT PRESENT: Councilmembers: Resolution 2026-xx Page 2of3 EXHIBIT 1 CERTIFICATION OF ATTESTATION AND ORIGINALITY I, , City Clerk do hereby attest to and certify the attached Resolution No. 2026-XX to be the original resolution adopted by the City Council acting as the Successor Agency to the former Community Redevelopment Agency on January , 2026. Date: City Clerk City of Santa Ana Resolution 2026-xx Page 3 of 3 EXHIBIT 1 Exhibit A EXHIBIT 1 Recognized Obligation Payment Schedule (ROPS 26-27) - Summary Filed for the July 1, 2026 through June 30, 2027 Period Successor Agency: Santa Ana County: Orange 26-27A Total 26-27 Total Current Period Requested Funding for Enforceable (July - (January - ROPS 26-27 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): $ 12,871,699 $ 339,598 $ 13,211,297 F RPTTF 12,835,472 303,371 13,138,843 G Administrative RPTTF 36,227 36,227 72,454 H Current Period Enforceable Obligations (A+E): $ 12,984,935 $ 452,834 $ 13,437,769 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. /s/ Name Title Signature Date EXHIBIT 1 Santa Ana Recognized Obligation Payment Schedule (ROPS 26-27) - ROPS Detail July 1, 2026 through June 30, 2027 (Report Amounts in Whole Dollars A B C D E F G H I J K L M I N O I P O R S T U V W 26-27A Jul - December 26-27B(January - June Fund Sources Fund Sources Project Contmcv Agreement contract/ Agreement Total Outstanding Bond Bond NamelDebl Execution Termination Description/Project Project Debt or ROPS 26.27 26.27A 26-27B Item # Obli ation Obli ation T Date Date Payee Scope Area Obligation Retired Total Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Total Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Total $ 36 279 983 $ 13,437,76 $ 0 $ 0 $ 113,236 $ 12835 472 $ 36,227 $ 12.984.935 $ 0 $ 0 $ 113,236 $ 30 371 $ A227 $ 45Z834 30 Erickson Business 1/19/2006 6/30/2032 Erickson Leasehold Rightson Merged 339,707 N $ 226,472 113,236 $ 113,236 113,236 $ 113,23 Lease Incentive Prop. Corp. AutoMall Property Agreement- Agreements Honda 33 Off Site ImprovementAn 4/4/2005 6/30/2032 Various Construction of Merged 5,000,000 N $ $ $ Improvemen astmcture Publicly Owned is (Nevis) Improvements - Nexus 31 Project Project 414/2005 6/3012032 Successor Project Management J Merged 123,250 N $ $ $ Costs for Management Agency/ Services Rem #33 Costs Various 35 SA Venture OPAIDDA/Const 5/15/1984 6/30/2032 Various Permit Fee Obligation Merged 1,600,000 N $ $ - $ Partnership ruction for Improvements 8 Other MainPlace Agreements 36 Project Project 5/15/1984 6/30/2032 Successor Project Management Merged 100,000 N $ $ $ Costs for Management Agency/ Services Rem #35 1 Costs I Varian 37 DDA- OPAIDDA/Const 4/21/1997 6/30/2032 City of Santa Permit Fee Obligation Merged 199,000 N $ $ $ Disawery ruction Ana for Evansion Science Center 62 Audited Professional 5/14/2003 6/30/2032 MGO / City of Required Per Bond Merged 30,000 N $ 5,00 5,000 $ 5,000 $ - Financial Services Santa Ana / Documents / AB 1484 Statements / Various Due Diligence Reviews 63 Employee Unfunded 2/1/2012 6/30/2032 CalPERS/ Public Employee Merged 120,448 N $ $ $ Pension Liabilities Successor Defined Benefit 1 Liability Agency Pension Plan fib Successor AdminCosts 2/1/2012 6/30/2032 Successor Operating costs Merged 687,54E N $ 72,4 36,227 $ 36,227 36,227 $ 36,227 Agency Agency) Admin. Varian EXHIBIT 1 A B c D E F G H I J K L M N O P Q R S T U 11 W 26-27A Jul - December 26-27B(January - June) Fund Sources Fund Sources Project Contract/ Agreement Contract Agreement Total Outstanding Bond Bond Name/Debt Execution Termination Description/Project Project Debt or ROPS 26-27 26.27A 26.27B Item # Obligffilon Obll atlon Type Date Date Payee Scope Area Obligation Retired Total Proceeds Reserve Balance Other Funds RPTTF Ad min RPTTF Total Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Total 1602018 Tax Bondslssued 11/8/2018 9/1/2031 Bank of New Debt service on Merged 7,608,375 N $ 1,269,625 1,129,375 $ 1,129,375 140,250 $ 140,25 Allocation After 12/31/10 York Mellon bonds to refund 2003 Bonds Series Bonds and 2011 A Bonds 161 2018 Tax Fees 11/8/2018 6/30/2032 Keyser Continuing disclosure Merged 13,800 N $ 1,725 $ 1,725 $ 1,725 Allocation Marston Bonds Series Associates / A -Indenture Urban of Trust Futures 162 2018 Tax Fees 11/8/2018 6/30/2032 BLX Arbitrage rebate Merged 12,000 N $ 1,50C 1,500 $ 1,500 $ Allocation analysis Bonds Series A -Indenture of Trust 163 2018 Tax Fees 11/8/2018 6/30/2032 Bankof NY Trusteefees Merged 14,400 N $ 1,800 1,800 $ 1,806 $ Allocation Mellon Bands Series A -Indenture of Trust 164 2018 Tax Bonds Issued 11/8/2018 9/1/2028 Bank of New Debt service on Merged 20,223,585 N $ 11,855,218 11,694,497 $ 11,694,497 160,721 $ 160,721 Allocation After 12/31/10 York Mellon bonds to refund 2003 Bonds Series Bonds and 2011 B Bonds 1652018 Tax Fees 11/8/2018 6/30/2029 Keyser Continuing disclosure Merged 4,000 N $ 675 $ - 675 $ 675 Allocation Marston Bands Series Associates / B-Indenture Urban of Trust Futures 166 2018 Tax Fees 11/8/2018 6/30/2029 BLX Arbitrage rebate Merged 12,000 N $ 1,500 1,500 $ 1,500 $ - Allocation analysis Bonds Series B-Indenture of Trust 167 2018 Tax Fees 11/8/2018 6/30/2029 Bank of NY Trustee fees Merged 9,000 N $ 1,800 1,800 $ 1,800 $ Allocation Mellon Bonds Series B-Indenture of Trust EXHIBIT 1 Santa Ana Recognized Obligation Payment Schedule (ROPS 26-27) - Notes July 1, 2026 through June 30, 2027 Item # Notes/Comments 30 33 34 35 36 37 62 63 66 160 161 162 163 164 165 166 167 EXHIBIT 1 Santa Ana Recognized Obligation Payment Schedule (ROPS 26-27) - Report of Cash Balances July 1, 2023 through June 30, 2024 (Reoort Amounts in Whole Dollarsl Pursuant to Health and Safety Code section 34177 (1), Redevelopment Property Tax Trust Fund (RPTTF) may be listed as a source of payment on the ROPS, but only to the extent no other funding source is available or when payment from property tax revenues is required by an enforceable obligation. For tips on how to complete the Report of Cash Balances Form, see Cash Balance Ti Sheet. A B C 0 E F G H Fund Sources Bond Proceeds Reserve Balance Other Funds RPTTF Prior ROPS RPTTF and Reserve Rent, Non-Admin ROPS 23-24 Cash Balances Bonds issued on or Bonds issued on or Balances retained for Grants, and 07/01/23. 06/30124 before 12/31f10 after 01/01/11 future erlod s Intereat, etc. Admin Comments 1 Beginning Available Cash Balance (Actual 07/01123) RPTTF amount should exclude "A" pedod distdbuton amount City received guidance from DOF and have updated 16,024 0 566671 291812 B in n Cesh Balances. 2 Revenuelincome (Actual 06130124) RPTTF amount should tie to the ROPS 23-24 total distribution from the County Auditor-Conboller 7,317 250,771 11 729,972 3 Expenditures for ROPS 23-24 Enforceable Obligations (Actual 06/30/24) 0 227102 115 088 4 Retention of Available Cash Balance (Actual 06130/24) RPTTF amount retained should only include the amounts distributed as reserve for future period(s) 23.341 0 0 5 ROPS 23-24 RPTTF Prior Period Adjustment RPTTF amount should tie to the Agency's ROPS 23-24 PPA form submitted to the CAC No entry required 187.369 6 Ending Actual Available Cash Balance (06/30124) C to F=(1+2-3-4),G=(1+2-3-4-5) O B O E O E 590,340 9 23,4377