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Home My WebLink AboutResolution No. 2015-R1RESOLUTION NO. 2015-R1 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, 2015 THROUGH DECEMBER 31, 2015 PURSUANT TO AB x1 26 AS AMENDED BY AB 1484 WHEREAS, Health and Safety Code Section 34169(h), enacted by AB x1 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. 14-R13, dated September 15, 2014, is operative only through June 30, 2015, 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 DOE The Agency reserves all rights of the Agency to challenge the validity and/or application of any or all provisions of AB x 1 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. Section 3. The Agency staff is authorized to include on the ROPS anv items which were approved on ROPS I, ROPS II, ROPS III, ROPS 13- 14A and ROPS 13-1413, ROPS 14-15A, ROPS 14-1513, but not fully expended. Section 4. The Agency hereby approves and adopts ROPS 15-16A, 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, 2015 through December 31, 2015. 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 APPROVED and ADOPTED this 17`h day of February, 2015. (Gpn.G,,/1 /f oseph Romero Rocha Chairman ATTEST: 9t-f to L An eCJ Secretary 2 CERTIFICATION 1, Jeffrey Lawrence Cornejo, Jr., City Clerk of the City of Azusa, do hereby certify that Resolution No. 2015-R1 was duly adopted by the City Council of the City of Azusa, serving as the Successor Agency to the Former Redevelopment Agency, at a regular meeting held on the 17`h day of February, 2015, by the following vote of the Agency: AYES: AGENCY MEMBERS: GONZALES, CARRILLO, MACIAS, ALVAREZ, ROCHA NOES: AGENCY MEMBERS: NONE ABSENT: AGENCY MEMBERS: NONE ice-, fy;.t'! � • r � / - 3 ATTACHMENT A RECOGNIZED OBLIGATION PAYMENT SCHEDULE 15-16A Recognized Obligation Payment Schedule (ROPS 15-16A) - Summary Filed for the July 1, 2015 through Decamber3l, 2015 Penod Name of Successor Agency: Azusa Name of County: Los Angeles _Current Period Requested Funding for Outstanding Debtor Obligation SI Mo th Total Enforceable Obligations Funded with Non -Redevelopment Property Tax Trust Fund (RPTTF) Funding A Sources(B+C+D): 9 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): $ 3,324,813 F Non -Administrative Costs (ROPS Detail) 3,199,813 G Administrative Costs (ROPS Detail) 125,000 H Current Period Enforceable Obligations (A+E): $ 3,324,813 Successor Agency Self -Reported Prior Period Adjustment to Current Period RPTTF Requested Funding I Enforceable Obligations funded with RPTTF (E): J Less Prior Period Adjustment (Report of Prior Period Adjustments Column S) 3,324,813 K Adjusted Current Period RPTTF Requested Funding (IJ) $ 3,324,813 County Auditor Controller Reported Prior Period Adjustment to Current Period RPTTF Requested Funding ( L Enforceable Obligations funded with RPTTF (E): M Lass Prior Period Adjustment (Report of Prior Period Adjustments Column AA) 3,324,873 " -N_ ,.Adjusted Current Period RPTTF Requested Funding (L -M) 3,324,813 Certification 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 Name Title Obligation Payment Schedule for the above named agency. /s/ Signature Data A-1 ATTACHMENT ATTACHMENT Rape rized 0011 ti A-2 0 02 - ragman) ocnecwa tdDP516-16A) - ROPS Detail July 1, 2016 through December 31, 2015 (Report Amounts in Whole Durran) A B C D E O K I I X L M N O v FwWI Sourro NonRelepbpment PmpMy Tax Treat Fund hemN Pm e]Nemel Ded Ob' Ibn COMncoxareemeM Curne.Apmemem NwrRPnF RPTTF 061' IicnT EaeWbn Dote Tpmbutbn Data P. as Dmutl t -P.M Bm 1Out MWn l Tax Albmibn Bootle Pm ep Arae O Retired BOM Protests 0.mvw Betanin Blear Fonda NwMdmin Morin Su- dbrMTWeI 2Tea Albmibn Bonds 0515wa10na 1.1810W Bgpa ldound On 1&1Y[0M Bri!!WC BeM WM-p "08 Sores A Me v1iA. BOMB MCBOdWE S 5009000 $ - It S S J,IBB Big S 125CW S 3324,813 or BJwe t2/Jt/10 B/1/20TJ Bond H.M. 2033M MTA. Refunding Bass MCBDSWE NB ne Y y $ 9 Tex Albutbn Baha Bonds ke Or- 2/17Y1005 8/1/1031 Bernal Mdden S Blore 1L9-alf,o 2005 meroxf T. A. Ronda MCB06WE p,420,B8p N 1L'TTFUM Advane "-Treel.n -Loans 4/2/1191 MT]/2033 L M1t pod Water 'AEwncer5>]E15FmIM1IIONrLna 1)1,]13 f 171713 SL' M1IFUMAdwnca ThiN-Pen Loom 1/wCot 10'1/zOJ3 Sile MCBObW �i BWeter FUM Atlwnw TM1iN-Parry Loom 11/]/2005 696Rp25 L MUM Wafer Cil AdvlAuWeabraM1i MCB08WE N f LgMaM Wele, GIYAdvl61&621 N. Azuu (Talley MCB08WE N f ' ] Remo g9revneM --. Boon Issued Or 12/140IXi --. &18020 .-....._ CXYWAzuae _ _ _ _ - -- $ - ore1P/91/10 W1110 ReMb AgrmBTOPT Relundinp GOP's MCB08WE T,265,W0 N - - - B Houtinp BOMa BOMB Iuue! On or 111RSYt0pB 8'1/2038 Bond HoNpe 319,531 S 313,531 Blore tyJl/10 20M Senea B HOuanp TA. BOMa MCBDSWE 10,50.5, N B TU AIbplm Binds e BUNIewM On or ]/N/T00)8120%519,573 BOM HOld f 518,5)3 Befcro 1.31/10 T00)gpjr A TU AWaIbn Bonds MCBDAWE 12,010.OL0 N Alb 10 Tea utbn BOMB Onw ]Y11 h00) Boom flr1ROJ8 BQSWO S 885,820 IWII ByA Hopma 2W)$gya BT es Albmibn Ba Ma MCBDSWE 1,150,OW N AMR.BeJoretYJ1/10 it Prato I.. !nous 12 Pmpeny iex ConsuNrg Fein yIOI2O 2 Pmlewmal d30Y1013 AMR. Com .8 whets Ar6Na aerou" nlor Bortla MCBDAWE 217,521 $ 21],521 W1B/L012 gmkea 6x30/1013 Hal- Corm Smno Torr lncremem AURX Survima MCB08WE N 3 13 CoruuN $aortae t1 Bam6irp'a FFE Oiasddbn AMb &1&Z812 Bwinmalnusniw 8x30,2013 terlu Bartle Lu heN Audit SeMam MCBDSWE N S 1/28!2000 memo 1/281tt014 Bemdm'sPrsa Awik6le FumlWra FUWre3 MGBOSWE N f 15 CoMUPurdOnley Pmperly 8'1YN12 E u men/Loan MenConraduae N Meinlenan® d30Y[013 E&LS.. M.1noxontvM AOer'%Pm n pe Y MCBDSWE tO Srnmee. Pmpp Leel difl11012 flr3WT013 BesI B®ib Ke _ ry f Adral Atlminkuvlbn ager Apqury LaSul CouneN MCBOSWE N 1)CgnwN Servius 1B �M AdminiYntbn Fein 418(1012 Fces 8".wYp13 UNen FMurea BOM DisWsuru MCR06WE S 1B SERNF'F1'1014111gan dtY10t1 -CM/CounlY tee ns SM/2011 Welk Fe oBank Trustee gtlmini54u1bn Cru MCBDBWE N A On ar BNore 6l2]/1t &JOM030_ L'gM and Wel- -FY'2010.1t 5ERAF Payment to IRA MCBDAWE -N S N 20 UnbnpbymeM Bmefne UnfundM lLbilhim &13x1012 8'JW2015 EDD .6-tl'n makblomnr RDA MCBDSWE --- 21 HIM oe Pm�.(krmarly ThIN-Pant Leans ]/111801 -6/30,2014 am to to 'Low S spptlp'a e.__ LghtwndytatoI MMminora using etlwree MCBDdWE - - IT Mmink6eVre Albufron pdmin Cwla ]/1!2012 4302013 ry S LM of Asuae Agency Adminkbalifa MCBOAWE 125,OW Ni15,00PapeeteRgmalbn 23 Pe R.1/1Y1014 y30Y1011 Albutbn City of Kuy Rmmve yJuly1011 BwN 0¢61 MCBDSWE 21 C0 'LAW EMtt BLI31I01/B1Wp1B "" Ly ' SeNim aM excess N S o25 C161LwDMt OndeenI' O)CiM1Xuy/dr-Poeomn Lumnnss --.-In in Ranch -Center -'- -- on or aefo,a e/nnt WJOY303p CXy Ngauu 10W APFq Bontl Clly Lmae Loan Ranch Canter N N f D,e,,,d. s Te CX LAW.Em 'se Loan.. _3.hlyd-Pa Lune -Wilton W3WZOJ0..—L'M.eM Weler__. AtlwnWReM1edSla(pn.Im memema. Ranch Center_. -„_, N. ___ A-2 ATTACHM ENT A-3 ATTACHMENT Recognized Obligation Payment Schedule (ROPS 15.16A)- Report of Cash Balances A4 Pursuant to Health and safety Code section 341]] (I), Redevelopment Property Tax Trust Fund (RPTTF) may be listed as a source of payment on the BOPS, but only to the extent no other funding source is available or when payment from property tax revenues is required by an enforceable obligation. For tips on how to complete the Report of Cash Balances Form, see https://rad.dof ca gov/rad- fia/ df/C h 8 1 A Jigs Sheat,dif. A B C D E FG H Fund Sources Band Proceeds Rcaerve Bolan.. Other RPTTF Pnor ROPS Pnor POPS RPTTF Bonds Issued on penotl balances tllsinbuto as Rent, Non -Admin ar before Bands lssuetl on and DORRPTTF reserve far future Grents, and Cash Bataees Inlarmellon b BOPS Periotl 12/31/10 or after 0l/01111 balances retsina Renad(s) Interest, Etc. Admin Comments ROPS 14.15A Aelua/s (07101114-12131114) 1 Beginning Available Cash Balance (Actual 07101114) 2 Ravenuallnaeme (Actual 121]1114) 4,126,755 411,252 209,215 RPTTF amounts should be to the POPS 14-15A i ismbudon from the County AuditorConiroller during June 2014 a Exproc ler ROPE 14-t6A Enforoea0le Oblipallona (Actual 15,605 129,328 2,877,955 l ra1114) vu) RPTTF amounts, H3 plus H4 should equal total reported actual expenditures in the Report 01 PPA, Columns l and 0 4 Rete Milan of Ave liable Cash Be Russ (Actual M131R 4) 1,286,308 338,543 2,877,955 RPTTF amount retained should only include the amounts distributed as reserve for future period(5) - 411,252 6 ROP314-16A RPTTF Prior Period Adjustment RPTTF amount should 0e to to seR-reported ROPS 14-15A PPA in the Report of PPA, Column $ No entry required 6 Ending Actual Available Cash Bala nce C to G-(1+2-3-4(, He(1 +]-3.4.6) $ 2,866,052 S - f ROPS14-16BEstimate 01101/16 -0 613 0116 7 Beginning Available Cash Balance (Actual 011011161 (C,D,E,0e1+6,F-H4+F4+F6,and H=6+6) 8 Revanuellnaome (Estimate 061]0116)RPTTF S 2,866,062 S - amounts should Be 0 the ROP$ 14-15B disbibubon from the County AuditorConbaier during Jnuary2015 EapentlllursfarROPE11-16BEnloreea0la Obligations (Eelimate06130116)10 q411,262 Retention of Available Cash Balance (Estimate 061]0116) RPTTF amount retained should only include the amounts distrbute ! as reserve for future penpals) 11 Ending Esllmaletl Available Gash Balence (7+8 • f -10) f 2,866,052 S A4 ATTACHMENT A-5 Recognand Obligation Payment Schoduls (ROPS 16.16A)-11eport of Prior Period Ad)uSimants Reported for the ROPS 16-1bA (July 1, 2014 through December 31, 2014) Period Pursuant to Health and Safety Code (HSC) section 30106 (a) (ftepori Amounts in Whole Dollars) ROPS 14-16A Successor Agency (SA) Se1/-roporoad Prior Period Adjustments (PPA):Pursuant 10 HSC Section 34186 (a), SAS em required to the of Redevelopment Property Tax Trost Fund (RPTTF) approved for the ROPS 15-16A (July through December report differences between their actual available fundis and their actual ex ensures for the ROPS 14 g D 154 (July through December201Q period. The emoun 2015 audita the county auditoecontroller(CAC and the State ComrohBc )p period will be offset D the SA's self- Y reportatl ROPS ie -154 prior period edjuftmenl. HSC Section 34106(e)aleo specifies fleet the prior period etllustmentb Self-mpodetl by SA; are subject to adjustment. A B C d E F O N I J N L N H O P 0 R 8 Nor iPTTG Expanditure3 RPTTF Expenditures XN aA Xon-Aamin and Admen PPA (Amount swid IN, Band PrwnGs Ruem aslPnoe ONsr FunCsNonJramin plant ROPS parols MF) Raciness! RMF) Avslli AINISSN DIIM1mnae RPTTF RP1TF fit meal uWN (ROP810.1sA DiXennw (ROP51415A smspc anal Protnm Name/ di.... . .11 o1. Nel bvww f (If X la bu Man L, euaIWYC - all Deal Not Lesser of aummlaad, mn how poet p511pe5on puPadud AOWtl Aumedaed Actual Augoriied Actual -1-sa1R4) AAullaaaledl Me dlbroneob evaAetle as of AUMorludl Sal duronnn is NN DNMenee Auged. AeWel not Auperlud e]/1/1dt A-unsle Adbui ( pai f - 5 E 1]5.J2C b 1]5,34 f - S 1 TnlNbution S 2.BOe0W i 2,016,1]4 $ 2.011.058 5 2.016,[]4 f - E 125.0M S 125.990 T-125 .Oed 2 TUA1l—.m 311,100 d.No S 330.969 $ 125.0.11 5 330,068 S S a im Nlwtion e]B.OB3 618,06] $ 6]8,083 6]8.083 E 5 "1r 1]4]13 1]§,830 5 1]4]13 1]0, 820 E E FUM a Li s arca 5 b a IGUM n! We., Fund! i f 5 Aevma6 5 f a ] Reims. remain 111.34 175.3z4 e nwv BOMa 132.991 132,901 E 131.881 132ea1 f 6 Tualnunon 51 x.We aW,]5z i aaa.]sz 4W.152 § f B Ma 884958 asd irse $ea4.a56 seo,ess S a In T. NI-Nvm a IN new 2t 2214,884 E 214, N.; 214.BBa f It MGlfpa a Comiiam S E w Rnpanrrn. E CO.9M f E S 13 Cwuvunl 8arvicaa 14 EarrO—FTE f E 1s Cnnvecl PumKaa I. a Oran S 5 5 18 Le3al6.rvicaa. a Pmjnl E § idmniti a 17 do 8 Bond adminialrnun 5 f 10 FY St10.11 a Lcm,een - 5 $ f A-5 ATTACHMENTA Recognized Obligation Payment Schedule (ROPS 16-1 GA) - Report of Prior Period Adjustments Reported for the BOPS 1415A (July 1, 2014 through December 31, 2014) Period Pursuant to HEEoh and Safety Code (HSC) section 34186 (a) (Report Am.. his in Whole Dollars) RODS 14-16A Successor Agency (SA)S.H.porsd Prior Period Adjustments(PPA);P.Euent to HSC SeGion M188(a), SAS are repuired to raped the diRerences between their actual fundingand available their equals enditures for the ROPS 14-15A J through December 2011 al ) penod, The Of Redevelopment Property Tax Trust Fund (RPTTF) approved for the ROPE 1S1BA (July through December 2015) penod will be Offset by the $A'$ Self-reported ROPS 14-15A p prior period adjustments self-repoded by SAS es subject soon audit 0 the county audiloryController (CAC and the Stale Controller. prior period adjustment, HSC Section 34108 a elan specified the O A a C o E F 0 N J X L M N 0 p p q g NonAPTTF Expenditures RPTTF Expenditures Not BE Xon#amin and Admin PPA (.moon UFW 0 Bond ORaW ROPE 1645A oewda Be..-. Babnpa Ortel Fund, Nan#dmin Admin 0.pu•abd RPTTF) Aullabla MaustN bllM1nnc• NPT -TF RPM (Upra,•clual (ROPS 1416A Dlft—a (ROPE IN5A weed WYI Pro)•ol Xamal dAhlbured - ell alley Nal Ln•ar of (If X IS lata ft..L dbtnbutid- al .1. Xat Waar of auNON•d, pa here Debt D011aadan a vaiWMEN lz. uM Auhorll •dI1M1r•no•i. .or Audrli•dI Wtal efift,w.. 1• N•1 Ditil AUPeriae0 A...1 AUMontad ACWaI pugaNad a nN AOWI AUmodi" 0]/1114) Av.O.We AeWI •lel AuM.HI.d 0]11114) Avallabe Actual M -RI 2D Uwm[Ipylrenl $ - f - E 175.324 E 1I5,9E< f - S - S 2,Wg9a] $ 2,916 176 f 2P11.o59 S 2919.1]4 i f 125. f 125,WD f 125,000 E 12sm f 21 " w' WMnrse -is S $ f P E f y SNNmbny CwstleLCeMan z2 Mminbtreuw MCcgmn f i 12s.0.'U 1zs,GW s 23 P.wrem R•.ervedon f f y 24 Dry LAW 25 EnyP'me Lean 04 LumO•q E f y M Odp•lun BOM Cry A. 3 f y 27 En., Igen SEW FY 2010-11 E 5 y 26 LOen A4minisbebv y E y Aloc•con9 29 Uwmgoyrwrd a "N's f S S as ",so eM R.ren 31 Pto W Rnav ewrd f S y 92 ODA OA A+mw33 s i i proper, . 94 reMwlOpW bminuVeliw S E y Abrsmn $ E y s s y E f s A-6