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Home My WebLink AboutSuccessor Agency - 2019-02RESOLUTION NO. 2019-02 A RESOLUTION OF THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE PERIOD JULY 1, 2019 — JUNE 30, 2020 ("ROPS 19-20") WHEREAS, pursuant to AB xl 26 (as amended by AB 1484, the "Dissolution Act"), the separate legal entity known as Successor Agency to the Redevelopment Agency of the City of Huntington Beach ("Successor Agency") must prepare "Recognized Obligation Payment Schedules" ("ROPS") that enumerate the enforceable obligations and expenses of the Successor Agency for each successive annual fiscal period until the wind down and disposition of assets of the former Redevelopment Agency of the City of Huntington Beach; and The Successor Agency staff has prepared a ROPS for the annual fiscal period commencing on July 1, 2019 and continuing through June 30, 2020 ("ROPS 19-20") which is attached hereto as Exhibit A; and After reviewing ROPS 19-20, presented to and recommended for approval by Successor Agency staff, and after reviewing any written and oral comments from the public relating thereto, the Successor Agency Board desires to approve the ROPS 19-20; and All of the prerequisites with respect to the approval of this Resolution have been met. NOW, THEREFORE, the Successor Agency to the Redevelopment Agency of the City of Huntington Beach does hereby resolve as follows: 1. The Successor Agency hereby finds and determines that the foregoing recitals are true and correct. 2. The Successor Agency hereby approves ROPS 19-20 in the form presented to the Successor Agency and attached hereto as Exhibit A, and hereby determines that such agreements and obligations constitute "enforceable obligations" and "recognized obligations" for all purposes under the Dissolution Act. 3. The Successor Agency authorizes and directs the Successor Agency staff to: (i) take all actions necessary under the Dissolution Act to post ROPS 19-20 on the Successor Agency website once approved by the Oversight Board to the Successor Agency; (ii) transmit ROPS 19-20 to the Auditor -Controller and the County Administrator of the County of Orange and to the State Controller and the State Department of Finance ("DOF"); and (iii) to do any and all things and to execute and deliver any and all documents which may be necessary or advisable in order to effectuate the purposes of this Resolution. In addition, the Successor Agency authorizes and directs the Successor Agency staff to make such non -substantive revisions to ROPS 19-20 as may be necessary to submit ROPS 19-20 in any modified form required by DOF, and ROPS 19-20 as so modified shall thereupon constitute ROPS 19-20 as approved by the Successor Agency pursuant to this Resolution. 18-7147/193571 RESOLUTION NO. 2019-02 4. The Successor Agency authorizes the Executive Director, or designee, to make such non -substantive changes and amendments to ROPS 19-20 as may be approved by the Executive Director of the Successor Agency and its legal counsel, and Reso1ROPS 19-20 as so modified shall thereupon constitute ROPS 19-20 as approved by the Successor Agency pursuant to this Resolution. 5. The Successor Agency does not intend, by adoption of this Resolution, to waive any constitutional, legal and/or equitable rights of the Successor Agency or the City of Huntington Beach under law and/or in equity by virtue of the adoption of this Resolution and actions approved and taken pursuant to this Resolution and, therefore, reserves all such rights of the Successor Agency and the City of Huntington Beach under law and/or in equity. PASSED AND ADOPTED by the Successor Agency to the Redevelopment Agency of the City of Huntington Beach at a regular meeting thereof held on the 22nd day of January , 2019. .a.m Chairperson AND APPROVED: APPROVED AS TO FORM: 18-7147/193571 2 EXHIBIT A RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE PERIOD JULY 1, 2019 THROUGH JUNE 30, 2020 ("ROPS 19-20S") [behind this page] )ee50LUT70N AJo. -70/ 1- U.Z Recognized Obligation Payment Schedule (ROPS 19-20) - Summary Filed for the July 1, 2019 through June 30, 2020 Period Successor Agency: Huntington Beach County: Orange 19-20A Total 19-20B Total Current Period Requested Funding for Enforceable Obligations (ROPS Detail) (July - December) (January - June) ROPS 19-20 Total A Enforceable Obligations Funded as Follows (B+C+D): B Bond Proceeds C Reserve Balance D Other Funds E Redevelopment Property Tax Trust Fund (RPTTF) (F+G): F RPTTF G Administrative RPTTF 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. /s/ Name Signature $ 497,723 $ - $ 497,723 497,723 - 497,723 $ 7,460,920 $ 7,978,182 $ 15,439,102 7,335,920 7,853,182 15,189,102 125,000 125,000 250,000 $ 7,958,643 $ 7,978,182 $ 15,936,825 Title Date Huntington Beach Recognized Obligation Payment Schedule (ROPS 19-20) -ROPE Detall July 1, 2019 through June 30, 2020 (Report Amounts In Whole Dollars A E C D E F GX J K L N O W 19.208Jul-Decembe 19-208 Janua -June Fund Sources Fund Sources R Gtner woes F.920 RPTTF n125000 Dojo Pruceam ft ry DuYm Otlrer FUMs RPTTF min RP Itema OOU9eeon type puAgreemem cpntnmAgrcement Temin#Ion Dare Pwae scnpionPmled snipe Taal aAM,raire Deli orOMgabon adl-30 ?5936.825 nv-Eea Toarl 1 M C Lean A DF - r marR M S 133691.341 Ar s- SBn C Sas 0e8 - sAo 5 - O Ses O S O f ].053.102 EAd 125,000 E 7.910102 ' Rege Hunbn9Wn8eacn OPA/DDA/Con#ruction 9/t4/1998 9xi0R023 HBeacM1 Resorts LLC DisPosition eM Development Mergetl 006505 E 715. 351669 35],66A 357669f 35].689 Prgect Me iw 14, 1iM1e Vr1laRron O v bpmen 32002 Tax AAocatkn RauMirq fond BaMelauetl Cn Or Beim 12pif10 6I19R002 0I1I2030 Bork of New Yon Trot Co. Tax Alocation BOM WMServid math Mergetl J,965,500 N E 18160W t5096 E 1.509.625 105,3]5 S 105,3]5 t 99 Tax Aaombon Ref.nag kaued-A Before 12fdt/10 1/12A 999 /JO20 Berk of New YenTrw( Co. Tax Paocatkn.—OeNService meM Maryut 9,653,5)e N f ]3], 888000 609,000 40,3 A8,3]6 52002 Tax AAocetbn RauMirp Fees itli]Y1m0 It]rz016 Areib�e COmplunca Tax Allocation SOMaaneege redte Mergetl 500 N E 500 500 s 500 E BOMk s tali# calculation-FadnIlR9 Co Tex Banta Merged 500 N SW f 500 E e00 61-Tax A.— n—,ding Fees 11111-10 t111]/2116 A nge ColrMA1. S ie1* AllocaSon eb'drepe rebak calculation FadM IRS Co barrce 82002Tax Allocationfe,dng Fees Nt..z all-4 Banka New Voh MaAon Tax Allocebon Bonk-PaymeMM Merged 1UO N E t,500 1,500 8 1.50D Y Bond kcal Margetl t500 N 1,500 $ - 1.SW $ 1,500 91999 Tex AnRNurging Bond Fees 1/t 2/1999 811-4 Banka New Yoh Me n Tex Agocetbn BoMe-PeymeMb AgIn 11020o2 Tax AAocatbn R#UNing Fees 11 9I3R018 Ha"MIB_re' Prepare, ant III C nung Merged 500 Y E E - $ Bond Adiwn, LLC Dadoaure Annual Repom eM Material Evart Notkas . Allocation Refur N nos —1 H1111118Compeny isors. LLG 1nurg DrsGos re Annuel RepoRsaN l Mergee 1.5 Y S E 12 Eneran Can Onor B#we 10 LurftN lNae Mergetl N f E E Rawma Raratda fanaa `Y�rnor Ravaaa RalMMMq Bpnd Dap Sa HUD sen�pnlofim da lssuee on or eemre earum ]mrzom rzots Bankm rvew York Mannn rl na�nA and oeaaa loan as�cepanme Margea to433 ry $ s.fis 528 seo s s26s $ - mo,IyetuHkpnampeniea ag�eemem w�1nU #ng.M uroen D.YebPneM ceRYl im t45trend HUnnng M'we6Uae OPWDDA/GorMruMon fllfl999 9r30Q033 CIMGroup, LLC and Kane ha1,rts PnpedY Tax SM1arin9AgreemeM Merged 6,408,63] N S 6]]903 8]],903 E 6]]903 E - Rajecl, ParYre 8lnhaatruc1Ue BMhMr am BarYnn o (Me1cM.M Ag, DwebpmeM Agreement (DDA) for dvebpmeM of hotel, renil. resnuraM, W cnrc, 4I e on ne ,M nollentionofv1e MA and0re Sixty IrteknerlYBon Pgreemem rtered irtofrom re t999 n Novertber 2000. leS d1n. Pd 1PerYre OPA4lDPMnrrshwibn 1/2orz009 Orz033 CIM Group. LLC Property T.Sharing AgmneM vre Dlapwkan eM Melted 416454 N E 49.5]6 48,516 8 49,5]8 E Wvaopment AoeejDDA) erM S'Mll lmpkme on AgrcemeMror me EIraMproleck, gNu:Nn aUlwrced on dreary 20, 2009. 1 P ft City OPAADAJCon#ruction tNt6rz006 10/t6n026 Melee Pmpeniea&Kane Omer Panidpetbn Agreement Merged 5,520.000 N E f E eeacer and Berkman approved on 18, 21I08 M dvecfa Wails Po—OcloverCoa# HpMa located # clfic Y and First Street eM Mnemetl try propMy 17PacMC Cw-Very Low income OPAODAJLwntnxRon t— 11-24 Me., upeniea 15%ilaocat N E f rimer Per5cpe8on Agnemert approved on Oed 16 2006. Cf iM 1s%re9uire0le odgation, 5%very4ow lrtrome t, n to be , A Thee.Aed—. W IM Housing AullnntY ce DevebperareBni bprwid #nrM tox on eae. 21 A5dknud P.mer Padiwparron GPA43DNC0n#ructbn Y18N 99t 12/31rzm] AbdgnrW OwaloPrcnl OwrnrnPancipatwn AgreemerxRent Merged N f AgreerdrdA9eM daerenq# Compmy DvereM.IAgreemeMapprovetlon PgnxmeM MeY 20. 199t is Me dvaoPmenl U tM tone story butl0mg a1 vro Oceamiew Promemd. TM Triad Irrgyame maMrrwM took evect on NOvemdr 2t, 19g4. 27Oelgabon rot uruaed a Piwee UMUMedL W.O.ea BO020t1 11-4 Cer—&yeas d—n, im d k Houieg ant Odga00n iw unuxd enghytt tbrercl Leave eametl arq vented as Merged N E E E - GerrerM Leave earrctl and vxted Re AiAp,_pnleN a.adrmatra0an par MOWand AS1— krg m /JL/o e..st ec..,n 2n000 02., 25 Belle Terra Assac ees LLC Proper, TaxSMrRl9 Agreemem gm kmuavre Ovmer Merged 8.06901a N E 2056 3 _05EJ E 2,055.344 pin/'av _vnar�ny Agseemese re9ured undr Parrxaparlon AgM.M Need 10 J c0) second ant IPAdemenlaban Apeement Id#etl 9It]/200]) for vie dwd of ve _nt uMirplon LaMar (BNY Taney. Inductee legal reWircmerd to enforce otlyetian Huntington Beach Recognized Obligation Payment Schedule (ROPS 19-20) - ROPS Detail My 1, 2019 through June 30, 2020 Re rt Amounts in Whole Dollars A E C D E F H I J C w 18-20A Ju-Dacsnlbo 19206 JanUS -June Fund Sources Fund Sources .—.Ag-- I CUMaWAgrce Tdp OMW W SDFsladg 1R1g11 1s.mE hemp RojAd NamerDeMC ptkn Odigatkn Ty, Exceukon Gale Termination pals PeYce peacdpllomProjwt Scope RojM pact. Refired TeW BOM RoceeM Renee Baknw Other FUMe RPRF Admp RPTTF TeW BwM Rowell Ronne Bekrce Ottrer FuM R—F Admin RPRF Tod 3o edk Tem Phan ll PropaM Tax OPAAp&Conatn n t&a20t0 ]/12038 Belt Terte VlMev, LLCM AgeemaM eppmved on OUoher 9. Mppd 14,at0.550 N 3 1, ,1 f 12]412a 4 1,214,i21 SMrkg Agr rN. Kara BaYmp Berkman 2010 foroontruc5onda46]mp unh project Co- is wmpk.and-Ned byp qfa aMcatbnv. IMuden Iepl requrcmeraa to implement odlgellon IS Legal expemnlw Suweanr Legal 1rt2a12 1/62018 ere Balmp aBeMman L-1 expense to ensure Succaanr Merged all N 3 f - $ Agency wmdkMe wM AB 1v M IN AB 1494;w 10 to HeBM Agency compllame with AB tx 28 ell AS .—.p Caapal A. Se" Code Seckan E4t11(d)IM 40 Ewrcmic AN" cea rNAted Rdeaabrel Sender &t 52010 —Ill Neynr Mantas EoanoMC AMIyp. nniting Mergedantl N f f f to succesnr AgeM,Mmdkrrae will AS 1. 26 all A8148q re 9uccase.1 Age-, wmdbnw vph AS 1. ... AS ScUNIM—Nal pureuaM to HnM AM Safety Code 3a1]1(dl(111Fl 148d 50 ErsorcemeMdSuccee. Agercy Amnin Cash 2It2012 it282024 Succnaor Agarwy,K,m— MergaE ell 250.00D N ,000 t25.000 S t25000 t25000 f t23,000 wMbn cwndiance ell rtadrq pp AB 1):26 ell BeMrer. 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C (Perwl6 AM ]) _ . . ,:..�. weperednndocu"Ma ]]w lM Hyah Regerxy Hotel P1,WManagemeM COW —12 —16 Kara Se.—E Be-- Legal Cosblorouk de counnlb Merged N E E E (Perch 5), WeNe Hrhan HdeVPartN c Ivarcp 6 all ]) m9otkte termslortM tliepashcnd S..=Agency propeM unnr the LRPMP doh document. all verrow ingdirg Purchase and Sale Ag em M ]B elemont Hyah Regenq HolN Prged MangementCwk SN $2m0 g202n1 Keynr Marston relycia Merged N E - E E lParcel5),w Hdets3rcN C ]) preparereMiala negotiate 'ce.I tart. for <M drcwcdion Succeuw ( —Nihon (Paroe18 all _ of Agemy pmgM uMer the tRPMP m UMurded CAIPER3 Pension UrduMM Lramlarn 8202011 t 12&2026 CNPERS UMundetl Ca Rs pemron Mergetl LrebMln odigadan n per CaPERS a_,N vNuatian n M J.. 11, .18 - - July 1, 2019 through June W, 2020 Re n Anpunta In Whok Dolan) A E C 0 E 0 L 9 g 77-7 U W 19.2M Jul -Deambj19e20B Fund Soufces Fund Sources � -tl �., - ..+., ,,.r -;rnrc xca eve 9NeKe m91 rooweo� LdLreBbeeR conacuAgreemerrc conncunanei-ern _ _ �dma aors la.m Tonl 1Ffu af.tos Toa LMoen« tl a AONnoer A. 20rJ r wr - WrMiv UC. 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Roperty oaneeetlm our 9ropa wan ee.ocnleo wpn IM Tdrd— Weel ndwnmNxrvReleMGllw Pq«1 in iM MYnPer Redevebpmenl prolM Amounts Mml eeesee©(Report s©©seesaess© Huntington Beach Recognized Obligation Payment Schedule (ROPS 19-20) - Report of Cash Balances July 1, 2016 through June 30, 2017 (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 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 H Fund Sources Bond Proceeds Reserve Balance Other Funds RPTTF Prior ROPS RPTTF and Reserve Rent, Non-Admin ROPS 16-17 Cash Balances Bonds issued on or Bonds issued on or Balances retained Grants, and (07/01/16 - 06130/17)before12/31/10 after01/01/11 for futureperiod(s) Interest, etc. Admin Comments 1 Beginning Available Cash Balance (Actual 07/01/16) RPTTF amount should exclude "A" period distribution amount 17,006 701,766 36,705 2 Revenue/Income (Actual 06/30/17) RPTTF amount should tie to the ROPS 16-17 total distribution from the County Auditor -Controller 133,286 7,264,959 3 Expenditures for ROPS 16-17 Enforceable Obligations (Actual 06/30/17) 234,628 7,240,950 4 Retention of Available Cash Balance (Actual 06130/17) RPTTF amount retained should only include the amounts distributed as reserve for future period(s) 5 ROPS 16-17 RPTTF Prior Period Adjustment RPTTF amount should tie to the Agency's ROPS 16-17 PPA form submitted to the CAC No entry required 24,009 6 Ending Actual Available Cash Balance (06/30117) CtoF=(1+2-3-4),G=(1+2-3-4-5) $ 0 $ 0 $ 17,006 $ 600,424 $ 36,705 Successor Agency Res. No. 2019-02 STATE OF CALIFORNIA COUNTY OF ORANGE ) ss: CITY OF HUNTINGTON BEACH ) I, ROBIN ESTANISLAU the Clerk of the Successor Agency to the former City of Huntington Beach Redevelopment Agency, Huntington Beach, California, DO HEREBY CERTIFY that the foregoing resolution was duly adopted by The Successor Agency to the Redevelopment Agency of the City of Huntington Beach at a special meeting held on January 22, 2019 and that is was so adopted by the following vote: AYES: Brenden, Carr, Semeta, Peterson, Posey, Delgleize, Hardy NOES: None ABSENT: None ABSTAIN: None Clerk of The Successor Agency to the Redevelopment Agency of the City of Huntington Beach, California