HomeMy WebLinkAboutResolution No. 13-R39 0
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A RESOLUTION OF THE SUCCESSOR AGENCY OF THE
FORMER REDEVELOPMENT AGENCY OF THE CITY
OF AZUSA APPROVING AND ADOPTING THE
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
FOR THE PERIOD OF JULY 1, 2013 THROUGH
DECEMBER 31, 2013 PURSUANT TO AB x1 26 AS
AMENDED BY AB 1484
WHEREAS, Health and Safety Code Section 34169(h), enacted by AB xl 26, requires
successor agencies to prepare a Recognized Obligation Payment Schedule ("ROPS") every six-
month period.
WHEREAS, because the Successor Agency of the former Redevelopment Agency of the
City of Azusa ("Agency") previously adopted a ROPS, Resolution No. 12-R27, dated July 16,
2012, is operative only through June 30, 2013, so that the Agency may continue to meet the
Agency's recognized obligations, and
NOW, THEREFORE, BE IT RESOLVED, determined and ordered by the Agency as
follows:
Section 1. The Recitals set forth above are true and correct and incorporated
herein by reference.
Section 2. The Agency staff is hereby authorized to administratively amend
the ROPS inorder to remove line items which are subsequently
disapproved by the Oversight Board, the California State
Department of Finance ("DOF") and the County of Los Angeles
Auditor -Controller and to format the ROPS to conform with DOF
requirements and to take all necessary and appropriate actions to
prepare and submit the ROPS, provided, however, that neither such
authorization nor such removal shall be deemed to be, nor are they
intended as, an acknowledgement of the validity of AB xl 26 and
AB 1484 or such action by the Oversight Board and/or the DOF.
The Agency reserves all rights of the Agency to challenge the
validity and/or application of any or all provisions of AB xl 26 and
AB 1484 in any administrative or judicial proceeding, without
prejudice to the Agency's right to list any such removed item on
this or a future ROPS. The Agency reserves the right to pursue any
and all appeals and any available legal or equitable remedy
provided or available by law to obtain the correction of any
erroneous decision regarding the ROPS.
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Section 3. The Agency staff is authorized to include on the ROPS any items
which were approved on ROPS I, ROPS II and ROPS III but not
fully expended.
Section 4. The Agency hereby approves and adopts ROPS 13-14A, in
substantially the form attached to this Resolution as Exhibit A, so
that the Agency may continue to meet its recognized obligations, all
as required by Health and Safety Code section 34169, during the
time period from July 1, 2013 through December 31, 2013. The
Agency reserves the right to further amend the ROPS in the future
in order to provide an accurate schedule.
Section 5. The Agency Secretary shall certify to the adoption of this
Resolution.
Section 6. This Resolution shall become effective upon its adoption.
PASSED AND ADOPTED at a regular meeting of the Successor Agency of the City of
Azusa on the 19th day of February 2013 by the following vote:
AYES: AGENCY MEMBERS: GONZALES, CARRILLO, MACIAS, HANKS, ROCHA
NAYS: AGENCY MEMBERS: NONE
ABSENT: AGENCY MEMBERS: NONE
ABSTAIN: AGENCY MEMBERS: NONE
7 le -,/Z
J seph A. Rocha, Chair
ATTEST:
Mendoza,
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EXHIBIT A
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RECOGNIZED OBLIGATION PAYMENT SCHEDULE 13-14A
EXHIBIT A
SUCCESSOR AGENCY CONTACT INFORMATION
Successor Agency
ID: 92
County: Los Angeles
Successor Agency: Azusa
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Primary Contact
Honorific (Ms, Mr, Mrs)
First Name
Kurt
Last Name
Christiansen
Title
Economic and Community Development Director
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Address
213 East Foothill Boulevard
City
Azusa
State
CA
Zip
91702
Phone Number
626-812-5236
Email Address
kchristlansen@cLazusa.ca.us
Secondary Contact
Honorific (Ms, Mr, Mrs)
First Name
Susan
Last Name
iparagas
Title
IFinance Director
Phone Number
1626-812-5203
Email Address
sparagas@cl.azusa.ca.us
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EXHIBIT A
SUMMARY OF RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Filed for the July 1, 2013 to December 31, 2013 Period
Name of Successor Agency: AZUSA(LOS ANGELES)
Outstanding Debt or Obligation
Total
Total Outstanding Debt or Obligation
$55,673,480
Current Period Outstanding Debt or Obligation
Six -Month Total
A Available Revenues Other Than Anticipated RPTTF Funding
$0
B Enforceable Obligations Funded with RPTTF
$3,484,395
C Administrative Allowance Funded with RPTTF
$250,000
D Total RPTTF Funded IB ♦ C = D)
$3,734,395
E Total Current Period Outstanding Debt o-Obllgation(A+BrC=E) Shouldbe same amount as ROPS form six-month total
s
$3,734,395
F Enter Total Six -Month Anticipated RPTTF Funding
$2,746,558
G Variance lF - D=G) Maximum li Allowable should not exceed Total Anticipated RPTTF Funding
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($987,837)
Prior Period (July 1, 2012 through December 31, 2012) Estimated vs. Actual Payments (as required in HSC section 34186 (a))
H Enter Estimated Obligations Funded by RPT IT (lesser of Finance's approved RPTTF amount including admin allowance or the actual amount distributed?
$1,896,024
1 Enter Actual Obligations Paid with RPTTF
$2,777,308
1 Enter Actual Administrative Expenses Paid with RP TIT
$113,419
K Adjustment to Redevelopment Obligation Ron rement Fu nd(H-H J) K)
$0
L Adjustment to RPTTF ID -K=1)
$3,734,395
Certification of Oversight Board Chairman:
Pursuant to Section 34177(m) of the Health and Safety code, Name
Title
I hereby certify that the above is a true and accurate Recognized
Obligation Payment Schedule for the above named agency. /s/
Signature
Date
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EXHIBIT A
AZUSA ILOS ANGELES)
RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 13-14A) - Notes (Optional)
July 1, 2013 through December 31, 2013
Item g I Project Name/ Debt Obligation ( Notes/Comments
1 Tax Allocation Bonds
2 I Tax Allocation Bonds
L 3 Tax Allocation Bonds
Ught Fund Ativance
5 Ught Fund Advance
6 Water Fund advance
T ', Reimb. Agreement Includes reimbursement for 2011-2012payment. Approved by D0F.
B Housing Bonds
9 Tax Allocation Bonds
10 Tax Allocation Bonds
11 Arbitrage Compliance
12 ( Property Tax Consulting
13 Consulting Services
19 1 Bambino's FFE y
15 . Contract Purchase Order
I6 Legal Services- Project Administration
12 Consulting Services_..
18 Bond Administration
19 1 SERAF FY 2010-11 Wan
20 City L&W Enterprise loan_ -
_25 1 City Loan/Debt Obligation (Bond)
26 Clry L&W Enterprise Loan
22 SERAF FY 2010-11 Loan
28 Administrative Allocation
29 Merged and Ranch Storage I
30Reader Board Communication Service i
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