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HomeMy WebLinkAbout3 - SA - ROPS 7-1-16 THRU 6-30-17REQUEST FOR SUCCESSOR AGENCY ACTION MEETING DATE: FEBRUARY 16, 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) f MANAG RECOMMENDED ACTION CLERK OF THE COUNCIL USE ONLY: APPROVED ❑ As Recommended ❑ As Amended ❑ Implementing Resolution ❑ 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 SB 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). This is the tenth ROPS prepared by the Successor Agency and is presented in the format designed by the Department of Finance (DOF). The Successor Agency reviewed the ROPS 16- 17 for the period of July 1, 2016 through June 30, 2017 at its meeting on February 2, 2016, following the approval of the ROPS by the Oversight Board in a special meeting on January 28, 2016. However, the Oversight Board approved the inclusion of retro- active pass- through payments (line items 130 -159) as part of the ROPS submission to DOF and due to the deadline for the publication of the Successor Agency agenda, the prior ROPS exhibit did not include the additional line items approved by the Oversight Board. The revised ROPS includes the retro- active pass- through payment items (Exhibit 1). 3 -1 ROPS 16 -17 & Administrative Budget February 16, 2016 Page 2 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 payments only to those 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 $250,000 in administrative cost allowance for FY 16/17. Funds will be budgeted for FY 16/17 in the Redevelopment Obligation Retirement Funds (account no. 67118021 - various, 67018843 - various, and 67018850 - various) upon approval of the ROPS by DOF. APPROVED AS TO FUNDS AND ACCOUNTS: Kelly Reender Francisco Gutierrez <,V_ utive Exac Cii o or Executive Director Community Development Agency Finance and Management Services Agency KR /SG /sb Exhibit: 1. ROPS & Administrative Budget FY 2016 -2017 3 -2 a § 2 (3 \\ )) }{ / ƒ{ k\ k� k m \} 2- }\\ j) ..l,; 0 §l74 /!)) ! {!$ §\\) \ '13 : ) § a = 0 ,! §§ )a 0 �»f)(Lq k /5 }\�( (k��� / /�\ ( ) ! 2f \/ � ,! ! ( 7 10 )k } m )k ` ( w )§ §# ! ) ]) k> ! E; \\2E /))/ 0t Cm 2- }\\ j) ..l,; 0 §l74 /!)) ! {!$ §\\) \ '13 : ) § a = 0 ,! 3 -4 moll III III, IIII I� LA i F 1 IISI 3 -4 2.5 � . 2| /\ 2` �} . p299JHHloxnuUur • ,} ! .Ia ! . � |\ .... . _ . !!! g!, .��.����.�� HXiTE ljgHgOplURHgHH! 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O O C .O 0 M N 0 M (n a- O .N O T N O Q O (6 N � = dam' = CO N , E "- O N @ U OR O- y O µ' (D n OJ N C N C N N G B LL d w 0 a 7 LL_° a LL O N O m N 0 X C O C@ Q @ O O@ O O C� N N L d @ (� 0 U E d o > C LL@ o 0 0 16 o E � �° �p a 5 U y Mm= j C U N Q) Q � C o m c0 v � ' o f >> Z , @ , F- LL U) Q@ 4FJ C U N O M EXHIBIT 1 CITY OF SANTA ANA, ACTING AS SUCCESSOR AGENCY TO THE FORMER COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA PROPOSED ADMINISTRATIVE BUDGET FOR JULY 1, 2016 - JUNE 30, 2017 Successor Agency Estimated Amounts Staff Support (EOPS, ROPS, Admin Budget, Records Management, etc.)' $ 140,000 Brown Act requirements (agendas, minutes, etc.)' 5,000 Supplies, printing, telephones, misc. items 14,000 Consultants (legal, financial, etc.) 30,000 Subtotal $ 189,000 Oversight Board Staff Support (research, reporting, etc.) $ 12,000 Brown Act requirements (agendas, minutes, etc.)' 7,000 Supplies, printing, misc. items 1,000 Subtotal $ 20,000 Administrative Direct Costs Delivery Charges $ 2,000 Building Rental 10,000 Computer Services Charge 1,000 IS Strategic Plan 4,000 Insurance Charges 4,000 Subtotal $ 21,000 Share of City's Cost Allocation Plan Indirect Costs $ 20,000 Subtotal $ 20,000 TOTAL ESTIMATED AMOUNTI $ 250,000 The estimated amount of the Administrative Budget for the one year period covering July 2016 through June 2017 is to be paid from property tax revenues deposited in the Redevelopment Property Tax Trust Fund. This budget may be augmented, modified, added to, or revised as authorized under the resolution. ' Includes salaries, wages, and all fringe benefits offered by the City to employees. 3 -8