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Home My WebLink AboutResolution No. 11-R38RESOLUTION NO. 11-R38 A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA, CALIFORNIA APPROVING AND ADOPTING THE PRELIMINARY DRAFT OF THE INITIAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE PURSUANT TO AB 1X 26 WHEREAS, pursuant to the Community Redevelopment Law (Health and Safety Code Sections 33000 et seq.), the City Council of the City of Azusa ("City") created the Redevelopment Agency of the City of Azusa ("Agency") to serve as the redevelopment agency within the City; and WHEREAS, the City Council of the City of Azusa ("City Council') approved and adopted the Redevelopment Plan ("Redevelopment Plan") for the Merged Central Business District and West End Redevelopment Project Area and the Ranch Center Project Area covering certain properties within the City (the "Project Areas"); and WHEREAS, as part of the 2011-2012 State budget bill, the California State Legislature recently enacted, and the Governor signed, companion bills AB 1X 26 and AB 1X 27, which eliminate every redevelopment agency unless the community that created it adopts an ordinance agreeing to participate in an Alternative Voluntary Redevelopment Program which requires the payment of an annual "community remittance" payment; and WHEREAS, on July 18, 2011, the League of California Cities and the California Redevelopment Association filed suit in the Supreme Court of the State of California challenging the constitutionality of and requesting a stay of enforcement of AB 1X 26 and AB 1X 27; and WHEREAS, on August 11, 2011, the Supreme Court agreed to take the case and issued an order for the immediate stay of the enforcement of AB 1X 26 in part and AB 1X 27 in its entirety; and WHEREAS, on August 17, 2011, the Court modified its stay to clarify that Health and Safety Code Sections 34161 through 34169.5, enacted by AB 1X 26, are not subject to the stay; and WHEREAS, Health and Safety Code Section 34169(h), enacted by AB 1X 26, requires redevelopment agencies to prepare, by September 30, 2011, a preliminary draft of the initial Recognized Obligation Payment Schedule ("ROPS"). NOW, THEREFORE, BE IT RESOLVED, determined and ordered by the Redevelopment Agency of the City of Azusa as follows: Section 1. Recitals. The Recitals set forth above are true. and correct and incorporated herein by reference. Section 2. Approval and Adoption of ROPS. The Agency hereby -approves and adopts the preliminary draft of the initial ROPS, in substantially the form attached hereto as Exhibit A, as required by Health and Safety Code Section 34169(h). Section 3. Future Action. The Agency hereby authorizes the Agency Executive Director, or his or her designee, to provide the preliminary draft of the initial ROPS to the Agency's successor agency, if the Supreme Court's stay is lifted or modified in a manner that permits a successor agency to be established for the Agency pursuant to Part 1.85 to Division 24 of the Health and Safety Code, enacted by AB 1X 26. Section 4. Certification. The Agency Secretary shall certify to the adoption of this Resolution. Section 5. Effective Date. This Resolution shall become effective upon its adoption. PASSED AND ADOPTED at a regular meeting of the Redevelopment Agency of the City of Azusa on the 19`" day of September, 2011. C. seph R. Rocha, Chairperson I HEREBY CERTIFY that the foregoing resolution was duly adopted by the Redevelopment Agency of the City of Azusa at a regular meeting held on the 19`h day of September, 2011. AYES: AGENCY MEMBERS: GONZALES, CARRILLO, MACIAS, HANK, ROCHA NOES: AGENCY MEMBERS: NONE ABSTAIN: AGENCY MEMBERS: NONE ABSENT: AGENCY MEMBERS: NONE era Mendoza, Secretary EXHIBIT A RECOGNIZED OBLIGATION PAYMENT SCHEDULE 45636.06001\6949659.2 Now of Redevelopment Agenry: Chy of Azma Redevelopment Allen, Project And(s) Merged Central Business Oismat B West End Protect Area RECOGNIZED OBLIGATION PAYMENTSCHEDULE Per AS 26 -Section 34177 Page 2 of 2 Pages Project Name l Debt Oblig.tion Payee Description Total Outstandmg Debt or Obll.tion Jen Feb Mar Payments by month Apt May Jun Total Source of Payment 20 Consulting Services Lance Soil a Lun hard Audit Services 16.000.00 1,400.00 3.000.00 I $ 9400.00 Redevelopment Prop Tax Trust Fund RPTTF 21 Radev Consullog Services Uman Futures Pro .11 Administration 325000.00 27.083.00 27,083.00 27,08100 27,083.00 27,083.00 2708300 t $ 16249800 RPTTF 22 Contract Purchase Order ENL Services Re airofA enc Praparty 20,040.00 1670.00 1,670.00 1,670.00 1,670.00 1,670.00 1,670.00 $ 10,020.00 RPTTF 23 Legal Services Best Best B Kne er Redevelo merit Le.I Counsel 400000.00 33,333.00 33,000.00 33333.00 33,333.00 33,33300 33333.00 $ 199,665.00 RPTTF 24 A an operations Venzon Reeder Board Month Ulili BIII 1,500.00 140.00 140.00 140.00 140.00 140.00 14D.00 S 840.00 RPTTF 25 Agency operations V.HErm Cell Phone for Redev. Pro. M, 1,200.00 100.00 100.00 100.00 10000 100.00 100.00 $ 600.00 RPTTF 26 Agency Operations Vanden Fez Machine 24000 2000 2000 20.00 20.00 20.00 2000 at 120.00 RPTTF 27 A enc (Donations Iron Mountain Monthly Records Storage 1.740.00 1 145.00 145.00 14500 145.00 145.00 145.00 $ 870.00 IRPTIT 28 Ageney Operations National Construction Rentals, Inc. Socurty Fen¢ 716718 N. Calton A 3,180.00 265.00 26500 265.00 265.00 265.00 265.00 $ 159000 RPTTF 29 A enc O ...lions AT&T Lan Distance Service 120.00 10.00 10.00 10.00 10.00 10.00 1,00 $ 60.00 RPTTF 30 A en Operations Natonal Construction Rentals, Inc. Secun Fence Choi property) 1,200.00 10000 100.00 100.00 10000 10000 100.00 $ 600.00 RPTTF 31 Agency Operations Azusa Light &Water Ulilit costs 7,909.52 860.00 860.00 860.00 860.00 860.00 860.00 $ 5.160.00 RPTTF 32 A en Operations FedEx Pease. 450.00 25.00 25.00 50.00 50.00 50.00 50.00 $ 250.00 RPTTF 33 Agency Operations Office Depot Ofrme su lies 1000.00 0.00 0 000 100.00 100.00 30D.00 100.00 $ 600.00 RPTTF JI Advertlsin San Gannet Valle Tribune Advertising and Public Notices 18,000.00 1,000.00 1,000.00 1,000.00 1000.00 1,000.00 1,00000 $ fi000.00 RPTTF 35 Travel and Meato Expenses US Bank Travel and MeetingExpenses 5000.0D 2,000.00 $ 200000 RPTTF 36 Bond Administration Wells Fargo Trust Trustee Services for Bonds 14.850.00 14.850.00 S 14, 85000 RPTTF 37 DDA AausalAnoWH The Chamat FamilyLLC Potential Li uidated Dame es 50,000.00 50000.00 $ 5,000.00 RPTTF 36 DDA 90VAlamedd Hon Pra Ci Ventures LLC Potential Liquidated Damages 2500,00 25000.00 $ 25,000.00 RPTTF 39 ENAEnte nse Kal Pacific 6 Assodates Potential Liquidated Damages 15000.00 15,000.00 $ 15000.00 RPTfF 40 ION Advance Ci of Azusa City Adv./FY 2010-11 SEW prof 50454000 50454000 $ 504540.00 RPTTF 4 $ Totals - This Page (1) 1 1,411,989.1+2$114,751.00 $ 65,818.00 S 79,876.00 $ 67876.00 $ 67,076.00 $609.266.00 $ 1,004.663.00 (1) All payment amounts are estimates. Name of Redevelopment Agenry: City of Azusa Redevelopment Agency Project Areas) Merged CmAnd Business District B West End Project Area RECOGNIZED OBLIGATION PAYMENT SCHEDULE Per A13 26 - Section 34177 Regal of2Pages Project Name l Debt Obligation Payee Deser,tion Total Outstanding Debt or Obli atmn Jan Feb Pe menta by month Mar Apr may Jun Total Source of Payment 1 Tax Allocation Bonds lders 2008 Series A Manse! T.A. Bonds 14705,231AD 247,590.00 S 247.59D.00 Redevalo Ment Pro Tex Trust Fund RPTTF 2 Tax Allocation Bonds iS.ndlders 2003 Mer ed T.A. Refuntlln Bontls 11,855,163.00 169.890.00 S 169.99D.00 RPTTF 3 Tax Allocation Bonds lden 2005 Mered T.A. Bonds 18,]55,912.00 —1]4,]10.00 S 1]4,]10.00 RPTTF 4 Ci Advance zusa Advancel577-645 FaothilVKrems Sita 1,]56,14500 ]89]5.00 S ]8,9]5.00 RPTTF 5 Ci Advance zusa Oir Adv.lAutodealershi 9,088334.00 124840.00 S 124.840.00 RPTTF 6 Oi Advance zusa Ci AdvJ619-621 N, Azusa elle Bldg)227,052.00 3,745.00 S 3.745.00 RPTTF 7 ReimbA achunt Azusa Public Finanun Author RumbA rmV2003 Refunding COP'S 4,43],00700 1]8,]95.00 S 1]8.]95.00 RPTTF 8 Hours Bands Bond Halder, 2009 Series B Housing TA. Bontls 25,499,067.00 1 408.267.50 $ 400 26],50 RPTTF 9 Tax Allocaton Bands Bond Halder 2007 Series A Tax Allocation Bands 28.363 765.00 640,932.50 S 640.932,50 RPTTF 10 Tax Allocation Bonds Bond Holders 2007 Senez B Tex Allocation Bonds 9,59005fi00 160212.50 S 160212.50 RPTTF 11 UMI Advance RDA Low Mod Fund LovAMod Adv./Block 36 Mixed Use 1,551,13500 843,067.50 $ 643,067.50 RPTTF AND Other Revenue Sources 12 City Advance City LBW Fund city AdV.I$450WAZusa 6 lst Reader Brd 499,425.00 49,942,50 S 49,942.50 RPTTF 13 Sales Tax Reimbursement City of Azusa Sales Tax Due City 16,360,403.00 99,980.00 99100.00 11127000 50,000.00 S 360,350.00 Other Revenue Sources 14 Sale, Tex Reimbursement Price Family Developer Are ent Advance 9,366,038.00 22]]0000 262,300.00 $ 490,OOD.00 Other Revenue Sourcas 15 Sales Tax Pool Gmurty and State Admin Fees and Pool 90,00000 40,000.00 3400000 $ 74.000.00 Other Revenue Sources 16 Employs. Costs Employees ofAgency Payroll for employees 785940.00 54,58D.00 54.580.00 54,580.00 54,580.00 5458000 54.580.00 S 327480.00 RPTTF 17 Arbitra.Com tiro. Arbitrage comlian¢Specialists Arbitra a calculation for Bonds 6100.00 100000 3.550.00 2,550.00 S 6,100.00 RPTTF 10 PricelCostco Note HDLCorenB Cane Sales Tax consulting&Calculations 21000.00 3495.00 3130000 3,300.00 3,300.00 3,300.00 4305.00 3 2100D.00 RPTTF 19 Pro a Tex Comultin HDL Coren&C.no Tax Increment and Pass through calk, 2]000.00 7,660,00 2.70D.00 7,500.00 2,700.00 2,700.00 3.740.001 3 27,000.00 RPTTF Totals - This Page Totals - Paget Totals- Other Obligation6 Grand total - All Pages (1) E 151984.]]400 3166,715.00 E 1,411,989.52 5114)51.00 S fin631593A0 $1101]0.00 5234028.336.52 $391,636.00 32182,627.50 S E 1 $240],54B.50 $406900.00 114,751.00 i 110.1]000 $ 3522696.00 $ ]9,8]6.00 t 35920.00 542658000 13555.036.00 60580.00 E 67,8)6.00 $ $305140.00 1 1456,]96.00 84580.00 87,W8.00 51.475,49500 3 809266.00 3 24507].50 $2,329,836.50 1 34,386,89].50 51004663.00 313]0,01]50 $fi,]61,5]8.00 (1) All payment amounts ere estimates. ° Name of Redevelopment Agency: Azusa Redevelopment Agency Project Are.(.) Merged Cenral euslness Dishicl& West End Project Ama OTHER RECOGNIZED OBLIGATION PAYMENT SCHEDULE Per All 26 - Section 34177 Page t of 1 Pages Project Name Debt Obbgation Payee Description Total Outstanding Debt or Obli ation Jan Feb Payments by month Mar Apr May Jun Total Source of Payment 1 Pass Through Est. County Pass -Through /Admin 69,395 083.00 98460.00 246,220.00 13600.00 402880.00 278,150.00 242.215.00 $1,281,525.00 Redevelopment Prop Tax Twat Fund RPTTF 2 Pass Through Est. Statutory Tax Sharing Pass -Throu h 11236510.00 11,710.00 910.00 22320.00 23700.00 26990.00 2862.50 $ 88492,50 RPTTF 3 f 4 $ 5 $ 8 $ $ e a 9 $ 10 $ 11 E 12 $ 13 $ 14 $ 15 $ 16 $ 1] $ 18 $ 19 E 20 a 21 $ 22$ 23 $ 24 $ 25 $ 26 $ 2] $ 28I $ Totals - Other Obligations (I $ $0,631,693.00 f 110,170.00 f 247,130.00 $ 36,920.00 $ 426,680.00 f 305,140.00 $ 245,077.50 i 1,$70,017.50 (1) All payment amounts ere estimates. Name of Redevelopment Agency: Azusa Redevelopment Agency Page 1 of 1 Pages Project Area(s) Ranch Center Project Area RECOGNIZED OBLIGATION PAYMENT SCHEDULE Per AB 26 -Section 34177 Pmjed Name) Debt Obligation Payee Description Total Outstanding Debt or Obligation Jan Feb Payments by menti Mar Apr May Jun Total Source of Payment 1 City L&W Enterprise Loan Cit of Azusa LSW Funtl 25 -Year Secured Note - Revolvin 2,117,029.00 75,727.50 $ 75,727.50 Redev. Prop. Tax Trust Fund RPTTF 2 City Loan Cit of Azusa Unsecured Note - Due City 4,926,805.00 62,795.00 $ 62,795.00 RPTTF 3 Sales Tax Reimbursement Cil of Azusa Sales Tex Due City 11508,508.00 7,940.00 $ 7,940.00 RPTTF 4 City L&W Enter dse Loan City of Azusa L&W Fund Advance/Rehabilitation Improvements 1,840,478.00 38,857.50 $ 38,857.50 RPTTF 5 $ 6 $ 7 $ 8 $ 9 $ 10 $ 11 $ 12 $ 13 $ 14 $ 15 $ 16 $ 17 $ 18 $ 19 $ 20 $ 21 a 22 $ 23 $ 24 $ 25 $ 26 $ 27 $ 28 $ 29 $ 30 $ $ Totals - This Page Totals -Other Obligations Grand total - All Pages (11 $ 10,392,820.00 $ $ 4,309,747.00 S $ 14,702,567.00 $ $ 3,800.00 $ 3,800.00 $- $ $ $185,320.00 $ 17,900.00 $ 19,437.50 $ $ 1],900.00 $ 19,437.50 O $185320.00 $185.320.00 $ 51,257.50 $236,5]].50 (11 All payment amounts are estimates, Name of Redevelopment Agency Azusa Redevelopment Agency Project Area(.) Ranch Center Project Area OTHER RECOGNIZED OBLIGATION PAYMENT SCHEDULE Per AB 26 - Section 34177 Page 1 of 1 Pages Project Name / Debt Obligation Payee Description Total Outstanding Debt or Obligation Jan Feb Par ymentsb month (3) Mar Apr May Jun Total Source of Payment 1 Pass Through Agreement Azusa Unified Pass Through 293,464.00 1,690.00 2,340.00 3,270.00 $ 7,300.00 Redev. Prop. Tax Trust Fund (RPTTF) 2 Pass Through Agreement Citrus College Pass Throu h 160,373.00 260.00 170.00 182.50 $ 612.50 RPTTF 3 Pass Through Areement LA Count Admin Pass Throu h 3,855.910.00 3,800.00 8,170.00 15,39D.00 15.985.00 $ 43,345.00 RPTTF 41 $ 5 $ - 6 $ 7 $ 8 $ g $ 10 $ 11 $ 12 $ 13 $ 14) $ 15) $ - 16 $ 17 $ 18 $ 19 $ 2D) $ 21 $ 22 $ 23 $ 24 $ 25 $ 26) $ 27$ - 28 $ Totals other Obligations (1) $ 4,309,747.00 $ 3,80D.00 $ 10,120.00 1 $ - $ 17,900.00 1 $ 19,437.511 1 $ $ 51,257.50 (1) All payment amounts are estimates.