HomeMy WebLinkAbout3 - SA - ROPSREQUEST r
ACTION SUCCESSOR AGENCY
MEETING DATE:
FEBRUARY 2, 2016
TITLE:
RECOGNIZED OBLIGATION PAYMENT
SCHEDULE AND ADMINISTRATIVE BUDGET
FOR THE PERIOD OF JULY 1, 2016
THROUGH JUNE 30, 2017
(STRATEGIC PLAN NO. 4, 1)
CITY MANAGER
RECOMMENDED ACTION
CLERK OF THE COUNCIL USE ONLY:
APPROVED
❑ As Recommended
0 As Amended
❑ Implementing Resolution
F-1 Other
CONTINUED TO
FILE NUMBER
Receive and file the Recognized Obligation Payment Schedule and Administrative Budget for
the period of July 1, 2016 through June 30, 2017 pursuant to Part 1.85 of Division 24 of the
California Health & Safety Code.
DISCUSSION
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 SIB 107, to
administer the enforceable obligations of the Agency and otherwise unwind the Agency's affairs.
The Oversight Board to the Successor Agency has oversight with respect to the Dissolution
process, including review and approval of the Recognized Obligation Payment Schedule (ROPS).
Senate Bill (SB) 107, signed into law on September 22, 2015, amended various sections of the
Health and Safety Code including the sections that govern the redevelopment dissolution
process. Some of the new changes to the ROPS process includes:
• ROPS period changed from six - months to one fiscal year period (July — June);
• Annual ROPS due by February 1St of each year;
3 -1
RODS 16 -17 & Administrative Budget
February 2, 2016
Page 2
• The California Department of Finance (DOF) is required to make its determination no later
than April 15th of each year;
• Successor agencies allowed to submit one amendment to the ROPS no later than October
15t of each year, but only to amend the amounts requested and approved by DOF on the
annual ROPS.
• Effective FY 16/17, the administrative cost allowance is up to three percent of the actual
property tax distributed to the successor agency in the preceding fiscal year, reduced by
the successor agency's administrative cost allowance and revitalized loan repayments to
the city. The minimum amount of $250,000 per year remains;
• Meet and Confer will no longer be available for ROPS items that are the subject of
litigation disputing DOF's previous or related determination; and
• The County Auditor - Controller given the authority to request documents related to
enforceable obligations for review.
This is the tenth RODS prepared by the Successor Agency and is presented in the format
designed by the Department of Finance (DOF). The ROPS 16 -17 was reviewed and approved
by the Oversight Board in a special meeting on January 28, 2016.
Following action by the Oversight Board, the ROPS was submitted to the DOF, County, and other
appropriate entities as required by the Dissolution Act by the February 1, 2016 deadline.
STRATEGIC PLAN ALIGNMENT
Approval of this item supports the City's efforts to meet Goal #4 - City Financial Stability,
Objective #1 (Maintain a stable, efficient and transparent financial environment).
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 of the actual property tax
distributed for the ROPS in the preceding fiscal year or the minimum of $250,000 per year. The
Successor Agency is anticipated to be approved for $250,000 in administrative cost allowance for
FY 16/17.
Funds will be budgeted for FY 16/17 in the Redevelopment Obligation Retirement Funds
(account no. 67118021 - various, 67018843 - various, and 67018850 - various) upon approval of the
RODS by DOF.
3 -2
ROPS 16 -17 & Administrative Budget
February 2, 2016
Page 3
APPROVED AS TO FUNDS AND ACCOUNTS:
Kelly Reenders Frg0cisckGutierrez < p�
Executive Director Executive Director �t
Community Development Agency Finance and Management Services Agency
KR /SG /II
Exhibit: 1. ROPS & Administrative Budget FY 2016 -2017
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