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Home My WebLink AboutResolution No. 13-R12RESOLUTION NO. 13-1112 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 JANUARY 1, 2014 THROUGH JUNE 30, 2014 PURSUANT TO AB xl 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. 13-R3, dated February 19, 2013, is operative only through December 31, 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 in order 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 BOPS. 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 BOPS. Section 3. The Agency staff is authorized to include on the ROPS any items which were approved on ROPS I, ROPS II, ROPS III and ROPS 13-14A but not fully expended. Section 4. The Agency hereby approves and adopts ROPS 13-1413, 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 January 1, 2014 through June 30, 2014. 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 16th day of September 2013 by the following vote of the Agency: AYES: COUNCILMEMBERS: GONZALES, CARRILLO, ALVAREZ, ROCHA NOES: COUNCILMEMBERS: NONE ABSENT: COUNCILMEMBERS: MACIAS 106*4 41� /" ,Joseph Romero Rocha, Chairmen ATTEST: Vim. - e L ence Cornejo, Jr., S r et6y CERTIFICATION I, Jeffrey Lawrence Cornejo Jr. , City Clerk of the City of Azusa, DO HEREBY CERTIFY that the above referenced Resolution No. 13-R12 was duly adopted by the City Council of Azusa, serving as the successor agency, at a regular meeting held on the 6th day of May, 2013, by the following vote of the Agency: AYES: COUNCILMEMBERS: GONZALES, CARRILLO, ALVAREZ, ROCHA NOES: COUNCILMEMBERS: NONE ABSENT: COUNCILMEMBERS: MACIAS fffey 1&rence Cornej , Jr City Clerk EXHIBIT A RECOGNIZED OBLIGATION PAYMENT SCHEDULE 13-14B EXHIBIT A Recognized Obligation Payment Schedule (ROPE 13.14B) • Summary Filed for the January 1, 2014 through June 30, 2014 Period Name of Successor Agency: Name of County: Current Pe lod Requested Funding for Outstanding Debt or Obligation Six -Month Total Enforceable Obligations Funded with Non -Redevelopment Property Tax Trust Fund (RPTTF) Funding A Sources(B+C+D): $ B Bond Proceeds Funding (ROPS Detail) - C Reserve Balance Funding (ROPS Detail) - D Other Funding (ROPS Detail) - E Enforceable Obligations Funded with RPTTF Funding (F+G): E 3A37,114 F Non -Administrative Costs (BOPS Detail) 3.312,114 G Administrative Costs (ROPS Detail) 125,000 H Current Period Enforceable Obligations (A+E): S 3,437,114 Successor Agency Self -Reported Prior Period Adjustment to Current Period RPTTF Requested Funding I Enforceable Obligations funded with RPTTF (E): 3,437,114 J Less Prior Period Adjustment (Report of Prior Period Adjustments Column U) R Adjusted Current Period RPTTF Requostod Funding (IJ) S 3,437,114 Cerfifcation of Oversight Board Chairman: Pursuant to Section 34177(m) of the Health and Safety code, I hereby certify, that the above is a true and accurate Recognized Obllgation Name Title Payment Schedule for the above named agency. ,-, Signature Dale E%HIBITA Recognized Obligation Payment Schedule (ROPS) 13-1413 - Report of Fund Balances (Report Amounts In Whole Dollars) 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 propedy lax revenues is required b an enforceable obligation. ATB C D E F G H I J H Fund Sources Bond Proceeds Reserve Balance Other RPTTF Review balances retained for RPTTF Bondslssued Bondslssued approved balances Rent, on or before on or after enforceable retained for bond Grants, Fund Balance Information by ROPS Period 12/31/10 01/01/11 obligations reserves Interest, Etc. Non -Admin Admin Total Comments ROPS III Actuals 01/01H3-6130113 Beginning Available Fund Balance (Actual 0l/01/13) 1 Note that for the RPTTF, 1 - 2 should tie to columns L and Q In the Report of Prior Period Adjustments (PPAs) 81,339 $ 81,339 Revenuedncome (Actual 06130113) Note that the RPTTF amounts 2 should lie to the ROPS III distributions from the County Auditor - Controller 536,181 1,912,545 125,000 $ 2,573,726 Expenditures for ROPS III Enforceable Obligations (Actual 3 06130113) Note that for the RPTTF, 3+4 should Iia to columns N and S in the Report of PPAs 617,520 1,214.315 125.00 <' $ 1,956,835 Retention of Available Fund Balance (Actual 06130/13) Note 4 that the Non -Admin RPTTF amount should only Include the retention of reserves for debt service approved in ROPS III I I 1 1.698,230 1 $ 698,230 ROPS III RPTTF Prim Period Adjustment Note that the net Non - Admin and Admin RPTTF amounts should tie to columns O and T o e ry r Ir 5 in the Report of PPAs. — _ - - - $ - 6 Endin Actual Avallable Fund Balance 1+2-3-4-5 $ J$_• $ - E 698230 $ - $ 688,230 1 $ $ 13-14A Estimate 07101113-12/31113 7 Beginning Available Fund Balance (Actual 07101113) (C, D, E, G,andl=4+6,F=H4+F6, and H=5+8 $ $ - $ - E 698,230 $ - E 698,230 E - $ 698,230 Ravenue/Income (Estimate 12131113) Note that the RPTTF amounts should tie to the ROPS 13-14A I7IROPS distributions from the Count Auditor -Controller 11,377 2,448,128 125,000 $ 2,584,505 9 Expenditures for 13-14A Enforceable Obligations Estimate 12/31/11 11,377 3.473,018 125,000 $ 3,609,395 Retention of Available Fund Balance (Estimate 12131113) 10 Note that the RPTTF amounts may include the retention of reserves for debt service approved in HOPS 13-14A $ 11 Ending Estimated Available Fund Balance Q+8-9-10 $ - $ $ - E 691 E - 1 $ 326,660 E $ 326,660 E%HIBITA Recognized Obligation Payment Schedule (ROPS (13.148 • ROPS Detail January 1, 2014 through June 20, 2014 (Report Amounts In Wood Wllem) A a C D E F 0 H I J N L M N O P Fundl Sourm Noo-ReMuebpment Pmpeny Tax Tmal FuM Non-RPT1F RPTTF CommcVAgnem-I ConOeNAgmement T..10ttsleMing (temp Project Name l Dead Oblemen Oble,donn rate Exeufim Dele Toronto -Dale Pe a Onseniptioro,mleat Soops Pro act Area Deal or 061'albn III Be. Proceed. Rev—B.mr- OIs,Fund, Nan -Admin Admin SIxJNMIt Tolel $ 74493845 $ - 3 - S 7 3 3,312,114 $ 1250003437114 Accordion Tax AccorAccordion Bolls Bondal—adOno, 1211012006 &111034 Bond Al 2008 Sodas A Merged TA. Bonds MCBD&WE 8,305,000 N 241,200 3 241,200 Befora 12/31/10 2 Tax Albvlbn Samoa Bonds Issued On or IYIr2m &1120233 Bond Holden 2003 Merged T A. Refund, BOM, MC9O&M 6,8]0,000 N 190.093 $ 141.093 Before 11131110 3 Tex Albutbn Bond. Bonds bared On or O17OW5 6112034 BOM 005 temporalHolders temporalT. A. Bond. MCBD&WE 9429.668 N 114713 S 174,713 Ratan 12131110 4 Liat FUM Advance Th,m-Pen Lon- 00111997 61272pJJ Hard Pool Wrier Adwnp6774i45 FooftlAi,me Sao MC00I 1,184.596 N - S S Light FUM Adramn Tolaml. Loma 421/1007 IW1I203 Light all Water Cft Am,TAulodeaI MCBD&WE 5093.116 N - $ 6 Water FuMAdvenm TI ik-Party Lorna 1102005 &3012025 Liars end Waer Cily Adl Mal N. Azme(Talley MCBD&WE 195,821 N 3 BM 7 Relmb. Agnemenl Amaral aauad On ar 121112001 &1/2020 Cly,l Ralra A9nnV2003 Refunding COP' a MCBD&WE 2840,000 N 410 3 410,903 Befine 1231110 8 H ... In, Bonds BOMal.... I On or 111252008 Sigma Moral Homes 2006 Series B Housing TA, Bonds MCBD&WE 10,710,000PN 368,580 3613,560 Before 1231110 Boa 9 Tex Albalonll Bolla Issued On or 71/12 007 81112MS Be.BOM Hotel 207 SedA Tax Almost—Bonds MCSD&WE 13400.000 4045% $ 9046. Before '"1110 10 fax AllBan. Bonds named On or b31207 811/2036 Bond Hopers 2W7 added B Tax Albvlbn BOM. MCBD&WE 4255.000 109,664 $ 109,884 Before IMI/10 11 Abrre Com Ynm Fees 611YM12 6MOVall rE6ra CompS cbibts ATbrt calculation for Bonds MCBD&WE I'm 5325 3 5325 12'mixed, Tax Oonaalem, Pmbaabnel 61162012 mAgCy13 HdL Coren&wm lex Increment ands Servant, MCBD&WE 21,M 11,000 3 11,000 ndSara1J Commu Service. DlamlulonAudon 6/1812012 &301013 Lam. Son&Lu send AWASaMma MCBD&WE 16m 10003 3 IO14 BembinpFFE sinessa Buncmtiw 112W2009 1282014 5—g—i pine Awihble Fumems Murat& MCBDII 7,800mem. Ev mlaenl Loon banw15 m Oomm r.Pultl—Or Room, &1002012 6/10211013 EBLSam-. Mommenw or Agency Property MCBD&WE 600 300 It 100 Mainbrenn 16 Lagel Serveea-0mjetl Legal 6/182012 &30/2013 Beat Ban &14bger Agency Legal Counts' MCBD&WE 90.00) N 45.0 $ 45,000 Administration 17 Carousal Serviced Fel 61IM012 613012013 Ureen Futures Bond 01-loouma MCBD&WE 10.04 N to.= S 10,000 1B Boll AdminlaMtbn Fen 81182012 10012013 Weld FaroBanir Trustee Administration comment MCBWWE 12,500 N 9000 3 9000 195ERAF FY 201 I 1 Loan ChyYCornry Loan, 5IM011 61301200 LlgM and Welar FY 2010-115ERAF Pepnant to Sud. MCBD&WE 526,145 N E Onor'Bemm6mn1 20 UnamploymeMBenaMa Unfunded Liebilitlea 81182012 613012015 EOD Unampl, Mne(t mala to fomrer RDA MOBO&WE 5,000 N 25M E 2,500 cab 21 Ho den Lea Pmt(lormedy mar -Pony Leena 71111991 WO(MI6 Li9smal Wrier Lowabd Inwme Hours"edwnm MCBD&WE 808,101 N $ Coea6ed/Cndan 22 Adminblmove A.vfonAdmin Costa 1111&12 8130/0013 cayof Azuae Sua.em, Agency Adminlatril MCBO&WE 45,300 N 45,300 E 95.300 Al lamllan 23 IstromlReae Ilea Reserves cri.f A1ufe Rnerw fo,July 2013 Bond Data MCBO&WE Semae all Address 748,590 N 746,590 $ 748590 24 Csy L&W EnonmeS Loan Tram -Pe L— 61dn11989 6130/1014 L alaMWeter 25- Yeer Sewed fled -R—M Renca Center 1901554 N $ 25 City em.0sM Om,.uan(.end) Cd,10-my Loans On or Bar.. W27111 71111891 E1M12039 C6yof Azuae 1993 APPA Bond Crry Lae. Loan 11mc1, Center Omwibwn N $ 26 Cly L&W Eno nix Loan Torm-le Larne YLI989 8/3012039 Light and Water Adwnowlehmadarron lm rowmenre Ranch Center N a 27 SERAF FY 201011 Loan CitylCounty Loans 512011 Irma 30 Light ell Web, FY 2010-11 SERAF Polymers to Stale P—P, Center 8,867 N It Onor Bebrailar111 28 Adminhlntf-AMuflon Admin Costa 71112012 89&2013 Cit'.f Azusa Sucwe.rA,mP, Admbuhsl— Renca Center 111164 N Albca.n 29 Unembmenl Benef. Un(uMed Lleblliliea 71112012 &3&2013 CALPERS RMime Heeltb Pmmiuma MCBD&WE 1.180 N 690711 $ 890 3O Me dam Rarm, Pm ds AdminCoab 71IM12 (ml ImreMoun.ln 011a6e sto brredewb met Ho'MCBD6WE 1691 N cad a31 RenderBoeN Adman Come 7112012 003002013 Vedmn Lommunvlbn 9eMmWReeder MCaO&WE 2,51/0 N 1,290 9 1,2Po Boom 32 ODA(AzusalArmw Hwy) OPAIDDA/Co—x117601=11 6/30"&14 rhsCMrvalFamilyLLC Puhl,nomowm rd MC50ayVE 200,00) N '1(0,000S 200900 IRllall �� I III 1 IINRI I IIII�II RI ■ II I�IItNII N'II� Il�,�� ,,,,�� e� _��