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Home My WebLink AboutResolution No. OB-11-2015RESOLUTION NO. OB -11-2015 A RESOLUTION OF THE OVERSIGHT BOARD 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, 2016 THROUGH JUNE 30, 2016 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 Oversight Board of the Successor Agency of the former Redevelopment Agency of the City of Azusa ("Board") previously adopted a ROPS, Resolution No. OB -04-2015, dated February 26, 2015, is operative only through December 31, 2015, so that the Successor Agency of the former Redevelopment ("Agency") may continue to meet the Agency's recognized obligations, and NOW, THEREFORE, BE IT RESOLVED, determined and ordered by the Oversight Board 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 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 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. Section 3. The Agency staff is authorized to include on the ROPS any items which were approved on previous ROPS but not fully expended. Section 4. The Board hereby approves and adopts ROPS 15-16B, 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 34177, during the time period from January 1, 2016 through June 30, 2016. The Agency reserves the right to further amend the ROPS in the future in order to provide an accurate schedule. Section 5. The Board hereby directs that copies of this Resolution be submitted to the California State Department of Finance, the California State Controller's Office and the Los Angeles County Auditor -Controller and to be posted on the Agency's website. Section 6. Pursuant to Health and Safety Code Section 34179(h), all actions taken by the Oversight Board, may be reviewed by the California Department of Finance, and therefore, this Resolution shall not be effective for five (5) business days, pending a request for review by the California Department of Finance. APPROVED AND ADOPTED THIS 24'h day of September 2015. Robe Gonzales, Chairperson Oversight Board Successor Agency to the Former Redevelopment Agency of the City of Azusa ATTEST: J fn yi ce Cornejo, r. e, Secretary Oversight Board Successor Agency to the Former Redevelopment Agency of the City of Azusa I HEREBY CERTIFY that the foregoing Resolution No. OB -11-2015 was duly adopted by the Board Members of the Oversight Board to the Successor Agency of the Former Redevelopment Agency of the City of Azusa, at a regular meeting thereof on the 24`h day of September 2015, by the following vote of Board Members: AYES: BOARD MEMBERS: BARBOSA, ROMERO, PARAGAS, GONZALES NOES: BOARD MEMBERS: NONE ABSENT:- BOARD MEMBERS: DICKERSON, HERNANDEZ L ce-Cornejo r. "'Secretary r Oversight Board: Successor Agency to the Former Redevelopment Agency of the City of Azusa EXHIBIT A RECOGNIZED OBLIGATION PAYMENT SCHEDULE 15-16B January 1, 2016 through June 30, 2016 Recognized Obligation Payment Schedule (ROPS 15.16B) - Summary Filed for the January 1, 2016 through June 30, 2016 Period Name of Successor Agency: Azusa Name of County: Los Angeles , Current Period Requested Funding for Outstanding Debt or Obligation Six -Month Total Enforceable Obligations Funded with Non -Redevelopment Property Tex 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): $ 1,624,275 F Non -Administrative Casts (ROPS Detail) 1,499,275 G Administrative Costs (ROPS Detail) 125,000 H Total Current Period Enforceable Obligations (A+E): $ 1,624,275 Successor Agency Self -Reported Prior Period Adjustment to Current Period RPTTF Requested Funding I Enforceable Obligations funded with RPTTF (E): 1,624,275 J Less Prior Period Adjustment (Report of Prior Period Adjustments Column S) (109,604) K Adjusted Current Period RPTTF Requested Funding (W) $ 1,514,671 Courcy Auditor Controller Reported Prior Period Adjustment to Current Period RPTTF Requested Funtling L Enforceable Obligations funded with RPTTF (E): 1,624,275 M Less Prior Period Adjustment (Report of Prior Period Adjustments Column AA) N Adjusted Current Period RPTTF Requested Funding (L -M) - ry T 1,624,275 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 Obligation Payment Schedule for the above named agency. Name Title lsl ( il$ �✓ � Signature7 Date i EXHIBIT A EXHIBIT A Azusa Recognized Obligation Payment Schedule (ROPS 15-168) - ROPS Detail January 1, 2016 through June 30, 2016 (Report Amounts in Whole Dollars) A B C 0 E F O H I J F L M N O P Fund Source NomRMe"a.1ha at Pmpdty Tex Land Furl Nan-RPTTF RPTTF ConlachABwaneM C° maerIA,mamenl TWIOWtending am.A PmIW Nome l DON Obligation Obal Trade Exechi Dole Telmmmon end Pe. Oescn loNPlo Scom, Pm Arm Dau or Obligation Rtivai BONProoddi ResweBmance other Fulls Ncn'Ad.. Adm& Su -Am. Tobi E 48742,26G $ - f - 3 - S 1009275 f 126.000 f 1.624.275 3 Tex Allocation Fear, Bonds lssuM On or 2/1T/2W5 d12034 Bond Heads 2005m MT. A. Rmid¢ MCBDBWE It120BBB N 1]4]13 S 94]13 CL MFund AmAince lniiEYen Loans 411)1BB1 at"'Im 3 L'Fl end'Weler AOv5i 177:"I FoWBMHreme Sno MCBDBWE N -' "' S - 1 SLoan F -d Ad— Third Party Loans 4/21/1900 10/12033 L Mand Water City Ady IAuAymxrlomrp CBDBWE N f B Water Fu. Advance TSirbPedy Loans 112rzW5 &302025 LgM and WaterCity Adv/61&621 N. Aa—LIelley MCBBEWE N E - _._ Bp .. .. ....._._... ..—._ _._...._. ]Ramo. Agremend Bonds luual On Or 12112003 WINW0 City M Axuv Ralmid AgmaNN3 Refurcilq COP's MCB08WE 2,020,000 N 43,234 f 43.231 Bard e l VavID B Be., Whole Bonds lmuM On or 1112512000 &12038 Bond Holdaa 2006 Saw¢ B Linda, T A. Bence MCBDBWE 10.410,ON N 300.116 $ 36,118 adore 12/31/10 4 Tax Allmalwn Ronald Bond. tsvual On or 7/312.1 &12035 Bond H.M— 2007 Sexed; A Tax Allocation Bolls MCBDBWE 12,415, N 376,2" S 376961 Beare 1231110 iO Tax AIWa4on Bonds Bonds Issue] On or ]/3120] 8'12036 Bond Rod. 2007 Seim B Tex Allocation Bmtla MCBDBWE 4,0i0OW N 1".881 S 101,001 Barre 12/31/10 14 BirmimVs FFE Businealmodlive 1]182000 12012G17 Bambino'. Pizza Awilable Furniture Fulure3 MCBDBWE 7,600 N $ A reemenLs Component Loan WMrve 1BE Y2010.11Loon Cily/CwMy Loans 5212011 &302030 LadyMN Water 201-11 ERAF PeymeMb SbIa MCBDBWE —N— On Or Before 6127111 On 21 H.rlan lee Not (to nnarly ThadFany Inane 7/111991 &302018 Litilu rm Water Law -Bbd Income lbusingadvancg MCBOAWE N— 1 ComodeWCesden) 22 MmIntLmllve Allocation Admin Costs 7/1/2"2 &30R017 City NKusa Succan Agency Adminu4elive MCBDBWE 125.000N 125,000 f 125000 A mmn Payment 23 Aaval R.1/1/2011 V30201> Cny aluv Ka Re ¢ave for 2014xamord Borm Dmf MCBDBWE >B.ft95 N 78.665 f 7V 805 eMy all expensm B5 - 21 Cit LBWDoet Nsa Loan 'CR,IC.en o 7/3110010 &302011 L and Water Ye Nole- ¢Loam Ranch Center - —S 7 r -21 C11yLwNDeM OblpaWnlBOM) Loans 7/1/1001 &302039 CIry MAiusa y ION APSecur 1.O APFA Bond CXy Lease Leen Ranch Center N S I ! on or onor Be..¢moW27111 Dmweoan 26 City LAW Enbrrie Lean Third Party Loans 82/1989 &311/2038 Light ell Water Ady... dReMlaxam.nlmm rola Ranch Conley N $ 27 SERAF FY 201111 1 Loan Cdy/Counly Loans WD2011 6/30/2030 LgMaM Wale, FY 2010-11 SE.RAF P.yment to said French Contra N f Onoearorc7/27111 32DDA (Kuso/ArmwHAI) OPNO0AICo,abuc5&612011 &302017 The LhamtFemlly LLC PuSlk lmpmvemenl MCBDBWE 200,000 N f 33 Progeny redeyaop. City/Couray Loans ID/4180B IOMV2014 Price Family Two Remnalo, Prod Canam, a. MCBDBWE Y f On or Baam e12]I» 31 Adminisi Allocation Housing Entry 7/112014 W=D17 LA, county Low -Mod lnmme He., 300,00 N 150,W0 3 150 No Admin Cost AdminlslrelM AIIwnWn 35 1108 Ranch Center ropedtan U71CouMy Loans 0/118014 6/302030 City W Kusa Pu pc lmprovemenl N E Onor Bmore8127111 3 tOPoR-cricernm0c im, Cry/CouMy Loans W11/2014 WM20M Lity of Axiom Pubfclmprovemml N $ ' Bmimss Ded. Won Onor Bebm6127/11 - - — EXHIBIT A Azusa Recognized Obligation Payment Schedule (ROPS 15-16B) - ROPS Detail January 1, 2016 through June 30, 2016 (Report Amounts in Whole Dollars) A B c O E F G H I J M L M N O F FundN Source Nor-Recero nerd Pmxdny Tax TruM Fund NonAPTTF RPTTF comrawnprmmem ConvaWAOrcemeld Tmmoulsmndina Ilemp Pm W Name I D,Obr I 0. I -T Exeunun ewe Tmmin.mn oma P.r. D n'.Wnx Scoe Pmea A— DeM or Ob'elnn Redn1 Wnd Pmuafs Resmro Wa 015er FuMs Non Admin Admm S'u Wndh T=13T i BBB WPI EM Pmjem Loenm C"'Coumy Loam E, W112DN-' W30P30 Cd of Axw -' PTI¢lmpmvemed'ubli la PFiva 3 I Tax All uon emds On ofaebre6R]I11 BondsMuedAfter 101IV2014 I wimm Bond H.M. ClubPr,. 0.715,000 N 210,373 30 2014SuWNlnaleTu AIk Wn 3 210272 1.31/10 Refundin Bond. x0 N 13 xl N I3 acnav_1 Azusa Recognized Obligation Payment Schedule (ROPS 15168) -Report of Cash Balances (Report Amounts In Whole Dollafsl Pursuant to Health and Safety Code section 34177 (1), Redevelopment Property Tax Trust Fund RPTTF) maybe listed as a source of payment on the RD PS, 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 Cash Balance Tips Sheet A B C D E F G X I Fund Sources Bond Proceeds Reserve Balance Other RPM Prior ROPS Prior ROPS RPTTF Bonds Issued on period balances distributed as Rent, Non-Atlmin or before Bonds Issued on and DDR RPTTF reserve for future Grants, and Cash Balance Information by ROPS Period 12131110 or after 01101111 balances retained periods) Interest El.. Admin Comments ROPS 14.16B Actuals 01/01116.06130116 1 Beginning Available Cash Balance (Actual 01/01/16) 2,856,052 411,252 116,424 102.655 2 Revenue/Income (Actual 06/30/16) RPTTF amounts should tie to the ROPS 14-158 distribution from the County Auditor -Controller during January 2015 6.224 697 57,457 1,857,474 3 Expenditures for ROPE 14.158 Enforceable Obligations(Actual 06130116) RPTTF amounts, H3 plus H4 should equal total reported actual expenditures in the Report of PPA, Columns L and O 547,167 1,464 415 4 Retention of Available Cash Balance (Actual 06/30/16( RPTTF amount retained should only include the amounts dislnbuted as reserve for future period(s) 2,315,1 OB 6 ROPS 14.168 RPTTF Prior Period Adjustment RPTTF amount should lie to the self-reported ROPS 14-156 PPA in the No entry required Report of PPA, Column 5 09.604 6 Ending Actual Avallablo Cash Balance C to O=(1+2-3-d),N v(1.2.3.4.6) 6 - S - 6 411.949 S 116,424 S 160,112 f 283,456 ROPS 16-16A Estimate 07101/16. 12/31116 7 Beginning Available Cash Balance (Actual 07/01116) (C, D, E,G ed+ 6, F v X4+ F4+ F6, and H=6+6) 6 2,316,109 S - $ 411,949 S 116,424 6 160,112 $ 393,059 8 Revenuellncome (Estimate 12131116) RPTTF amounts should tie to the ROPS 15-16A distribution from the County Auditor -Controller during June 2015 9 Expenditures for RODS 15.16A Enforceable Obligations (Estimate 12131116) 10 Retention of Available Cash Balance (Estimate 12131/16) RPTTF amount retained should only include the amounts distributed as reserve for future penod(s) 11 Ending Estimated Available Cash Balance (7+8-9.10( s 2,316,109 S - $ 411,949 $ 116,424 1 $ 160,112 S 393,069 EXHIBIT A Azusa Recognized Obligation Payment Schedule (RODS 15-16B) - Report of Prior Penod Adjustments Reported for the ROPS 14-15B (January 1, 2015 through June 30, 2015) Period Pursuant to Health and Safely Cade (HSC) section 34186 (Report Amounts in Whole Dollars) ROPS 14-166 Sne... SaIABancy(BA) SSIf-rapoMd Prior Period Adjustments(PPA):Pursuant to HSC Section 34186(a),SAS are required to repoll the differences between theiractual available funding and their actual expenditures forthe ROPS 14-15B(Januarythrough June 2015) period The amount of Redevelopment Property Tax Trust Fund (RPTTF) approved for the ROPS 15166 (January through June 2016) period will be offset by the SA's self-reponed RODS 14 15B prior period adjustment, HSC Section 34188 (a) also speci dS that the prior period adjustments wiff reported by SAS are subject to audi by me county auditor -controller (CAC) and the Ste Controller. A a L I D I E I F I D I N 1 I X I L I M I H I D I P I O I R 8 NonAPTTF Expenditures RPTTF Expenditures Per 6A 14-11.1n an. Admin PPA (A .... I this No off -IR OP81Pd.. Send Prooaada Raservo BO alanaa gar Fund. N-A6min Aemin RagMM:: RPTTF) Availa6la Available ........ RPTTF RP1TF (If vital:coal (BOPS 14.156 .1.,.nu (ROPS 14150 a'Miul total di.Murad. all alter Xel L .... r or 'if N to lea. men L, MwibulnE♦ all Other 11.Loaa...I ....,..ad, Na :mel a vaill:;d Aute—MlI µa dillaranca1. vmlede eaM AUNalnedI blal difonnro 11 a Xan M.M.M. Ilam. aben Auteonad AeW.I .aumanaod Aenual A.Mad.&I AMuw Auta.rina 01/1/15) Avall.M. Actual aro) A.MorWd 01/1/15)A -1.1d. Aetu.l mrel IN.R) d.bl.....n $ - 6 E - E f - $ S 18¢1528 $ 1,]32,4)4 S 1,]324]4 $ 1,9220]0 $ loo. 3 125.00 S 125.000 E135'040 125.90 $ E 10960, 1 n 2380]5 ]0.723 E ]0]23 $ ]0,]23 f ]8]23 2 n 138,155 190.155 $ 138155 12).883 $ 10.192 5 10192 3 n 1],]13 1]4]t3 S I]VI3 154182 f 30.631 f 30531 e E 5 LghtFuM $ $ 6 MMMM 6 NoMFuM f E $ 1-nire Auriernex nl ] Raimo41053¢ .6. f 48.534 48.434 E 100 $ 100 9 Iduxne 364 573 toulsm E 381,5]3 36e515 $ 50 E 5B 9 Tax Ndc:4on 390.820 3S3e20 f 39,820 390,820 5 $ e 10 Tex Nbcelbn 107,521 107,521 $ 102521 19.621 E $ nerd¢ 11 NdVepe $ 5 $ o farce 12 Pmpeey Tax S S f C,MM,lawQ 13 Consult f S 14 BamblroaFFE FFE S E $ f 15 Loneacl PureMu E $ 5 crew 16 Lps:rvkaa- S $ b Prepaid Mmnu4.lun 1] i servk 5 f lf,rd B s nd E $ $ea 3 Pd m'nla9:iron 19 SERAF Fy 201tr11 5 5 $ Loan uecnavM Azusa Recognized Obligation Payment Schedule (ROPS 15-16B) - Report of Prior Period Adjustments Reported for the ROPS 14-15B (January 1, 2015 through June 30, 2015) Period Pursuant to Health and Safety Code (HSC) section 341 B6 (Repan Amounts in Whole Dollars) ROPS 14-158 Succueor Apvncy(SA)Sell-reported PriorPoiod Adjustments(PPA):Pursuant to HSC Section 34186(e), SAs ere required to repan the differences between their actual available funding and their actual expenditures for the ROPS 14-15B (January through June 2015) period, The amount of Redevelopment Property Tax Trust Fund (RPTTF) approved for the RODS 15-16B (January through June 2016) pard will 00 offset by the SA's self reported ROPS 14-155 prior period adjustment. HSC Section 34186 (a) also specifies that the prior period adjustments self reported by SAS are subject to Audi by the county audilor-controller (CAC) and the Stale Controller. A a L D E F O N J X L M X 0 P 0 R a Num-RPTTF Expenditures RPTTF Eap.nditurbe Xa sA e.nremm and Admin PPA ffur—1 V.va to Offset ROPS 11.1611Band ii—cals. Raaarva BPlanad ONvr Funds Nan -Admin Admin IWA—.d RPTTF) Available Av.a.dl. mlle,.ne. RPTTF RPFIT pt blot actual (BOPS 14-15. Olbnn. (BOPS 14-15B Oavaada to., OiWibuted - all Other Nal I..... o/ is ul... Man L. dixtrauiad-bl.1. Net L.uar at ....nand, Na IRm1 PIaIcnaact Namv/ aV accue Be of AYNorla.dl N. dril.nnN 1. a ossa e. of A.A laadl WWI Similar.. la his Dill.rvne. a.alaGreatlOn AutNade.d AOW.I A...—., Actual A thorizi Actual AUMonaad 01/1115) Avaladl. Ached .rot a Au..,..d 0111/15) Available Actual .rel 5 f $ _ S t S - E 1,.91,829 S 1703.4]4 $ 1,]33,4]4 a 1,622,8]0 f Was. $ 125.000 f 125.CW S 1$5000 f 12c. f � f 109,604 zo 13s io.inam f S s Isinal 21 NarMn Lea a s Pro, llorraxy s coesuewcaamn) 22 Mmin¢eetwe 5 a AIIIXaaan S 23 Peymnat 2]9435 2].433 f 276.435 270,435 S a RBSarvfiWn 24 car L.W S f En4r we Loch f 25 f S DXi Iwo sora ."lich(8 S 26 City LBW S S Loan EnrRAF $ 37 F aEflAF FY 2010-11 a a f 36 a re Vmpoyrrenl S f P n.0. a 30 Meryed em neon a T- PFOWIS adix 31 aeaer soars s s $ 33 DDA (Aaa.yNmw a a33 s rvl S Prolairly a + wa s x voW 1un Sp.aao 1so,aao s 15o.apo tso,gbg s a 1...taa.a.. apop Far 35 1898 Rvrch Gaoler S a Project Loan a EXHIBIT A Azusa Recognized Obligation Payment Schedule (ROPS 15-16B) - Report of Prior Period Adjustments Reported for the ROPS 14-15B (January 1, 2015 through June 30, 2015) Period Pursuant to Health and Safety Code (HSC) section 34186 (Report Amounts in Whole Dollars) ROPS 14168 Successor Agency (SA) SelfRoportsd Prior Period Adjustments (PPA):Pursudnt to HSC Section 34186 (a), SAs are required to operand differences between their actual available funding and their actual expenditures forme POPS 14-15B (January through June 1015) period. The amount of Redevelopment Property Tax Trust Fund( RPTTF) approved for the ROPS 15-163 (January through June 2016)period will be Offset by the SA'a sell -reported ROPS 14-15B prior pered adjustment. HSC Sedion 34186 (sl also specifies that the prior period adjustments self-reponed by SAs are subject to by the co dry auddor-controller (CAC) and the State Controller. and A B C D E F d H ,l X L se X 0 p q p $ NodAPTTF Expenditures RPTTF Expenditures wet SA N.Admin end xemin PPA (Amount Us. to Bond Prot xtle qe. rve aolPn oL ONer Fu ndL NemACmi a.., ads. 13188Reque..d RPTTF) A v.u.bl. ZRPTTF xvee.ble Imm�nc. RPTTF 11/bYl .clue/ (ROPE 1415B pifor.nw (ROPE 141BB seed. YYI pro)eci New. I tl�eMr N.ILn..r e/ OiEVIbuNll ol (Il N le lea. q.n L. tliseiauYMe1 d�ell olr XL[u.r e/ iY Neflnd. N. Mm Y Deal OElia.Yon Au.... sexiersexierAuid-en, a veilel. e.N AYNorla.d1 are ai d.nnc.1. ..unt..ad .......UI NW on. -n- la X.I 131ft.ce Acoi AYMerieed Acdvl Authorized 01/1/15) Avelleab Aem.l xpo) AulAmlaetl 01)1115) pv.ILEN Ac/ual .ro) (N.pl $ E - S - E 3 f 35 RMR. cn - f r, 8.1 f V32p]4 $ 1.]32.474 f 1,622,6]0 S ... 6U S 125.000 E 125,M $ 125'040 f 125,300 S - f 10gWf Gnl.rlcanial $ § $ Loan J1 1983 WiniEM E f Proxi Loan f 39 .1dt Mltl W Lo f $ Mad § S f a § § $ S S a T_ f $ f f $ 3 $ $ $ $ s $ $ § 3 § $ S f E E f $ E b 3 $ s $ a f f $ f E $ s s § S f $ f 3 E a 3 $ f $ E S $ $ E $ a