HomeMy WebLinkAboutResolution No. 2016-R3RESOLUTION NO. 2016-R3
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, 2016 THROUGH JUNE 30,
2017 (ROPS 16-17)PURSUANT TO AB x126 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
twelve-month period.
WHEREAS, because the Successor Agency of the former Redevelopment Agency of the
City of Azusa ("Agency") previously adopted a ROPS, Resolution No. 2015-R20, dated
September 21, 2015, is operative only through June 30, 2016, 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 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 ROPS I, ROPS lI, ROPS III, ROPS 13-14A
and ROPS 13-14B, ROPS 14-15A, ROPS 14-15B, ROPS 15-16A, and
ROPS 15-16B but not fully expended.
Section 4. The Agency hereby approves and adopts ROPS 16-17, 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, 2016 through June 30, 2017. 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 5°i day of January, 2016.
oseph Romero Rocha
Chairman
ATTEST:
CERTIFICATION
I, Jeffrey Lawrence Comejo Jr., City Clerk of the City of Azusa, do hereby certify that
Resolution No. 2016-R3 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
l Wh day of January 2016, by the following vote of the Agency:
AYES: AGENCY MEMBERS: GONZALES, MACIAS, ALVAREZ, ROCHA
NOES: AGENCY MEMBERS: NONE
ABSENT: AGENCY MEMBERS: CARRILLO
Secretary
APPROVED AS TO FORM:
Best
Bej & Kriegel LLP
Legal Counsel
EXHIBIT A
RECOGNIZED OBLIGATION PAYMENT SCHEDULE 16-17
Recognized Obligation Payment Schedule (ROPS 16-17) - Summary
Filed for the July 1, 2016 through June 30, 2017 Period
Successor Agency: Azo
County: Los
EXHIBIT A
ROPS 16-17
Current Period Requested Funding for Enforceable Obligations (ROPS Detail) 16-17A Total 16-178 Total Total
Enforceable Obligations Funded with Non -Redevelopment Property Tax Twat Fund (RPTTF) Funding
A Sources (B+C+D): $ _ $ - $
B Bond Proceeds Funding
C Reserve Balance Funding
D Other Funding
E Enforceable Obligations Funded with RPTTF Funding (F+G):
F Non -Administrative Costs
G Administrative Costs
H Current Period Enforceable Obligations (A+E):
Certification of Oversight Board Chairman:
Pursuant to Section 34177 (o) 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 successor
agency.
IS/
Name
Signature
$ 2,763,319 $ 1,238,431 $ 4,001,750
2,638,319 1,113,431 3,751,750
125,000 125,000 250,000
$ 2,763,319 $ 1,238,431 $ 4,001,760
Title
Date
Azusa Recognized Obligation Payment Schedule (ROPS 16.17) • Report of Cash Balances
(Report Amounts In Whole Dollars)
Pursuant to Health and Safety Code section 34177 (1), Redevelopment Property Tax Trust Fund (RPTTF) maybe listed as a source of payment on the ROPS, but only to the extent no other funding source is avallable or
when payment from property tax revenues Is required by an enforceable obligation. For tips on how to complete the Report of Cash Balances Formsee CASH BALANCE TIPS SHEET
A
B
C 0 E F G,
H
I
Fund Sources
Bond Proceeds
Reserve Balance
Other
RPTTF
Prior ROPS
I
Pdor ROPS
RPTTF
Bonds issued on
pmad balances
distnbute l as
Rent,
Non -Admin
or before
Bonds issued on
and OCR RPTTF
reserve for future
grants,
and
Cash Balance Information by ROPS Period
12/31/10
ora0er01/01/11
balanoesretaine
erioda
interest, etc.
Atlmin
Comments
ROPS 15-16A Actuals 07/01116 -12/31/15
1
Beginning Available Cash Balance (Actual 07101/161
2,315,109
411 949
116,424
160,112
2
Revenueancome(Actual 12131116)
RPTTF amounts should tie to the ROPS 15-16A distribution from the
County Auditor -Controller during June 2015
85
2,959,905
6,287
3
Expenditures for ROPS 16.10A Enforceable Obligations (Actual
12/31/15)
1,990,139
2.655,646
4
Retention of Available Cash Balance (Actual 12/31115)
RPTTF amount retained should only include the amounts distributed as
reserve for future perod(s)
•
325,055
411,949
420,883
188,399
6
ROPS 15.16A RPTTF Balances Remaining
No entry requiretl
5
Ending Actual Available Cash Balance
C to G=(1. 2.3.4), H -(1 a 2.3.4.5)
f -
f -
f -
f -
f
f
ROPS 15-168 Estimate 01101116 - 0 81]0118
7
Beginning Available Cash Balance(Actual 01101/16)
(C, D, E, G = 4. 6, F = H4. F4. F6, and H = 5. 6)
f 325,055
f
f 411,949
f 420,663
f 166,399
f
9
Revenuellncome(Estimat, 06130116)
RPTTF amounts should tie to the ROPS 15-168 dist ibuton from the
County Auditor-Comreller during January 2016
9
Expenditures for ROPE 15-168 Enforceable Obligations(Estimate
ost=16)
10
Reterdlon of Available Cash Balance(Estimate M3011 6)
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)
f 325,056
f -
f 411,969
f 420,883
f 188,399 j
f