The URL can be used to link to this page

Home My WebLink AboutAdopt Successor Agency Resolutions Nos. 2017-01 and 2017-02Dept. ID ED 17-01 Page 1 of 2 Meeting Date: 1/17/2017 f. CITY OF HUNTINGTON BEACH t REQUEST FOR. SUCCESSOR AGENCY ACTION MEETING DATE: 1/17/2017 SUBMITTED TO: Honorable Chair and Successor Agency Board Members SUBMITTED BY: Fred A. Wilson, Executive Director PREPARED BY: Ken Domer, Assistant City Manager Kellee Fritzal, Deputy Director, Business Development SUBJECT: Adopt Successor Agency Resolutions Nos. 2017-01 and 2017-02 approving the Recognized Obligation Payment Schedule (ROPS) and Administrative Budget for the Huntington Beach Successor Agency for the period of July 1, 2017, through June 30, 2018, in accordance with Health and Safety Code Section 34177 and related actions Statement of Issue: The Successor Agency is requested to approve the Recognized Obligation Payment Schedule (ROPS) and Administrative Budget for the period of July 1, 2017, through June 30, 2018. An approved ROPS must be submitted to the Department of Finance (DOF) by February 1, 2017. Due to recent changes in legislation, the Successor Agency is submitting an annual ROPS in lieu of the previous six-month ROPS period. Financial Impact: The ROPS provides the County Auditor -Controller with the amount of the former Redevelopment Agency's enforceable obligations for which the Successor Agency anticipates incurring expenditures. Once approved by DOF, the Successor Agency will be entitled to receive property tax revenue up to the amount of the DOF-approved enforceable obligations included in the Payment Schedule. Successor Agency Recommended Action: A) Adopt Resolution No. 2017-01, "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, 2017 - June 30, 2018 (`ROPS 17-18');" and, B) Adopt Resolution No. 2017-02, "A Resolution of the Successor Agency to the Redevelopment Agency of the City of Huntington Beach Approving the Successor Agency Administrative Budget for the Period July 1, 2017 Through June 30, 2018." Alternative Action(s): Do not adopt the Resolutions and direct staff accordingly. Per Health and Safety Code Section 34177(m)(2), the Successor Agency will be assessed a $10,000 per -day penalty for failure to submit the ROPS on a timely basis. Additionally, failure to submit the ROPS within ten (10) days of the deadline may result in a 25% reduction of the Successor Agency's maximum administrative cost allowance for the period covered by the delinquent ROPS. IB -113- Item 7. - 1 Dept. ID ED 17-01 Page 2 of 2 Meeting Date: 1/17/2017 Analysis: As a result of the California Supreme Court's ruling on the Dissolution Act, all redevelopment agencies in California were dissolved effective February 1, 2012. The Dissolution Act and AB 1484 describe the procedures to wind -down the affairs of the former redevelopment agencies. These provisions include the continued payment of recognized enforceable obligations as defined in the law. The Recognized Obligation Payment Schedule for July 1, 2017, through June 30, 2018, requests payment for enforceable obligations associated with the former Redevelopment Agency's Tax Allocation bonds, development agreements, legal services, administrative, and other miscellaneous costs. The DOF has the authority to review the ROPS and return it to the Successor Agency for reconsideration and modification. Recently, the Governor signed Senate Bill 107 which provided additional "clean-up" to the dissolution of the former redevelopment agencies. Some of the items within the legislation include the retention of the City's Oversight Board through 2017 and changing the bi-annual ROPS to an annual submittal. Pursuant to HSC section 34177 (o) (1), commencing with the ROPS in 2016/2017 and thereafter, agencies shall submit an Oversight Board -approved annual ROPS to DOF and the Orange County Auditor -Controller by February 1. Finance will make its determination by April 14, 2017, and each April 15 thereafter. Therefore, the ROPS shall not be effective until approved by the State DOF. This is the first ROPS, where the Successor Agency can begin repayment of former redevelopment agency loans from the City. The amount requested may not be approved by DOF and we will not know the approved amount until April 14, 2017. The maximum amount of loan funds that would be eligible for repayment this year is $4.6 million. A separate Successor Agency action will discuss the loans and potential repayment. The Administrative Budget for the July 1, 2017, through June 30, 2018, period reflects a total of $250,000, which represents three percent (3%) of the projected property tax receipts during this period. Environmental Status: Not Applicable Strategic Plan Goal: Strengthen Economic and Financial Sustainability Attachment(s): 1. Resolution No. 2017-01, "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, 2017 - June 30, 2018 ('ROPS 17-18')" 2. Resolution No. 2017-02, "A Resolution of the Successor Agency to the Redevelopment Agency of the City of Huntington Beach Approving the Successor Agency Administrative Budget for the Period July 1, 2017, Through June 30, 2018" Item 7. - 2 KH -114- ATTACHMENT #1_, RESOLUTION NO. 2017-01 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, 2017 — JUNE 30, 2018 ("ROPS 17-18") 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, 2017 and continuing through June 30, 2018 ("ROPS 17-18") which is attached hereto as Exhibit A; and After reviewing ROPS 17-18, 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 17-18; 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 17-18 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 17-18 on the Successor Agency website once approved by the Oversight Board to the Successor Agency; (ii) transmit ROPS 17-18 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 17-18 as may be necessary to submit ROPS 17-18 in any modified form required by DOF, and ROPS 17-18 as so modified shall thereupon constitute ROPS 17-18 as approved by the Successor Agency pursuant to this Resolution. 17-5521 / 149412/PD RESOLUTION NO. 2017-01 4. The Successor Agency authorizes the Executive Director, or designee, to make such non -substantive changes and amendments to ROPS 17-18 as may be approved by the Executive Director of the Successor Agency and its legal counsel, and ROPS 17-18 as so modified shall thereupon constitute ROPS 17-18 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 17th day of January , 2017. REVIEW D AND APPROVED: - 04i___ Exec i e irector APPROVED AS TO FORM: fly 17-5 521 / 149412/PD 2 EXHIBIT A RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE PERIOD JULY 1, 2017 THROUGH JUNE 30, 2018 ("ROPS 17-18") [behind this page] Recognized Obligation Payment Schedule (ROPS 17-18) -Summary Filed for the July 1, 2017 through June 30, 2018 Period Successor Agency: Huntington Beach County: Orange Current Period Requested Funding for Enforceable Obligations (ROPS Detail) 17-18A Total (July - December) 17-18B Total (January - June) ROPS 17-18 Total A B Enforceable Obligations Funded as Follows (B+C+D): Bond Proceeds $ 363,877 $ $ 363,877 C Reserve Balance D E F G H Other Funds Redevelopment Property Tax Trust Fund (RPTTF) (F+G): RPTTF Administrative RPTTF Current Period Enforceable Obligations (A+E): 363,877 $ 5,872,018 5,747,018 125,000 $ 6,235,895 $ 6,091,359 363.877 $ 11,963.377 5,966,359 125,000 11,713,377 250,000 $ 6,091 359 $ 12,327 254 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 Title Signature Date •••... y . o.n.. n...y w.. v err nr acnewu a IMVYa I I—, - July 1, 2017 through June 30, 2018 (Report Amounts In Whole Dollars A e D E O I J N M N O F 0 R y s17.18a W 17-18A (July -December Januar -JuneN Fund Sou... Fund Souroes emX Pra ea Nerrc/Deq Oglpetlon OMlpelien Type eni Cordrec ion Date EaecrAlon Dale C TohlO-1,.Iling ROTalal a n.t.1 TerMrctlon Datel Payee DeacrlplOnRYojeclaw PrOlea Aree Deq or OMnellon Rellree Total B end R rve 0el.nce At p3 RPRF Ad— RP1TF Telal Bend Proceed• Penrve Bslerce qMr FunO. RPTTF A6Mn RfaFiF P-1eB Total _ 3 126.528861 S 12 J2]25a f Seae - f 5]4]O18 S 1250W f 6235895 f - 3 - f 698 8 i, i 1]S 00g 3 Roleq Aprnm.M.ppevee en Sep•mMr 11, 199e I« ill NhIMrr9e - i 363.6T/ 983A>7 i ap,e J 20J21U AbuiIOn RNundlrq Bondalaaued On wBe1.. N1-1 BnPJ024 Bend a New Yoh Trv•1 Orvelo e a—.Ien Benda Oeq 6eMce Neged 9.))e.25o Sonde t2litn0 Ce. Pa N f 1....115 S 1.b].e75 1)2.000 ! 12000 1 tB90Tw Alaween Pecwid90 Bond. 0wba ls.uM On«esloro 1znlno 1n2n999 enR03e Bern «New1. Trull w. TU ANocNbn Bella Deq 9ervke Maryed 4.01. N s 7Jae2) 65).35e s 657.J50 ]6.SP f )e,sn 51002 Tv AS«•Ilan PNrmmrq Banda Feu 11n]/2010 1I1)I2016 ANAn.L g;eende Tu Aib donSarb>ertlMPo ro6eh Meged N 5pp don f 60p 6199gTVPYac.AbnP.WMnp 11I1)Y[e10 ttn7nm6 'Mt AmAnpe CempMrea wkWnbn-Fedenl lRa Cem h TU Apoeatlen Benda.rgwps reMh Merged N f 3 - BeMA si,ddi.no wkgMlon-FederY lRa Co - 500 e2002TVAS rd. RerurgrM Fen 6 42.2 Mno21 Bahr OI New York Mnbn TU Mbuaw BOMB-PeymaM lo• Merged 1.800 N 3 1,600 91999TU Bond. ASawlbn R.nndrq Fb. 1112J1n. wwu B.M aI New Yoh Melbn Ncel A en TVAlkcall.n Bwtla-Payment to M•rg.d 1,fi—M N f 135 s 160o i 1800 102002 Bond• Tea All«won R—M Feee tnnoot vinole Hene96 Company R. A n Aeperallenlend reng.1 C..1n,dq M•rysd N 3 IN f 1. i I800 nond. AtlMon, LLC ..cbaue Mnwl Repo. And 7. 3 W i 111B9B TU Mw•tlon elundlrg Feu 1nno01 enn016 H.n•n aC i,eny M•lee.l Event Nalkn -ioindeen.nd ll" el COMlnu g Me d 2050 N f 205e Bond. Adlwn, LLC DIII. re Mnuel Repod• end MAtedel Event pg6g g f 'eNM Ffapa N«Ice. A ' .MOO on iJ HUD 9wlbn OB I «e dOn or Belpre ]n1no10 «11019 BeKK OI New York Mnbn Leg XY ndrpA d Iwn Merged 1,566,413 N f J Law 1« Ny.tlM pan Prapen ea 1/10 .meM wllh Ind U S. DewnM 1991 b2.91] i m291) 1t1220 $ 162I< dIH of owing wd n DrvnepmeM - 1461rend Blend MlireAUae AoMol Ped«O L 90nMruquro OpA/DDAn:onaWctbn n999 9/JOn0.yJ .1—iio LLCand Marc BelAnerend Berbnen lorcalnel ImpovemeMa n Aepvry Tn,.In APesm.M Ind q.posebn Merged e,323,179 N e]],B01 6),90. 677.9 f under end Drv<lopnem ApreemeM IDDAI for tlrvebpmeM Mlel,1 d 11, or renswaK •M pugb Ydlrrp nrnw4 TM NnplemeMelbn er Ind - ODA.nd VM SMA Imgenwrbgw Aprnm.M wero ero.roelm eom - Jnl.l��e 10 Nnw�ee, zone. 1 SYnnd proleG Add•brW parhhp OPAIDOAKurctructlon 1nO11009 er3o/Xll] GIM Graup. LLC Pnpeny TV SMhp ABlum•re Dh Wrped 39),317 N 1-1 19.5)6 3 49.5]fi f u rInd poaPbn and emeM Apeemer. (DDA) and SW enn Inilmgem.meuan Apr..m•M t« Ind Sion leq. pahkq •Ir . aghe.ed an January 20, 2009. 16 P•C1M City �ANpOICorwlruabn 1o116n006 10/iG2036 MaMr Ropedlea BKene ApeemeM Mery.d _Penklwllw oveeen OcteMr1Q20061ar.develepin. or• 31-acn•neFowledal PAcne C...l bypmywd rrn sken.ne nnmwa oy prapemS21.0o *�'_ YJ6Itgg1 1L]1IID1] MeknuN Developm•M emprry P q1 WfereMlal Apreemero appoved MAY a.- ter in. ea g t0 odd Owne MP1rw Agro.menn DmereMMl A«umeid OpnrDDA/CanWgbn 5,000 5000 3 $.000 nbpmeM a an Mee nary.1.1 p n Iha Oceemhw ROmercde. TM TNrd Implement AmmhuMioeF ogee an Nwern6 21.1994. 2]tMluMed CMPEPS p.nvbn UrpwtleE Lkg1M. 6TJOn011 tt/NM2fi CNPEPS Care_Porsche S Merpee 2,9]8,1]] N f 30>.1]1 Lh6lflhv oftid. ea perC 3 153,)12 133.>12 S ial,)12 zlU.n., n'ud 9upq•menhl RaaremeM UMrxbed liedyM. Bll02011 11nu29x L6 B•nk —dean .201awM1 uid .nwnad" Jo, 201z dM .awn Ma uMeryee 511,67) N f 113,E Llwlnka 2013.ed 20 of sapteni.Iu )1,em i )tab 71,.b s- 71,81e anwd.F d d , A e•n.l 20 UMuntled LPEB LMg18h. VidMltletl WMlAles e)3On011 1111024 GIFERBA:ERBT .' LM Asaeclalev, LLL. UMUHed Aclu•Ml awned q.bM•yn M«pee 252.810 N 3 BS end el Jun b, 201].. Per B.nel Q.-f 42BM 42.— y A2gpe 270MIgallan tar unwed empbyn Oen•rel Larva eemedaM versed UMwnad LlegAllee 9nO12e11 1tnBrN21 Cld—InYH."Idlc8y rnoNedlnH Asa«Mteq LLC ..-nbnforwwed.mpbya• Lau• venwn M.ryee U. N S 2112e 11, 11210 11213 3 It i1J pdand R•dave1-idu prolech px Md3send AB 1%28 M AD In. end •dminlnnMn Huntington Beach Recognized ObllgMlon Payment Schedule (ROPS 17-191-ROPS Detail July I. 2017 through June 30, 2019 (Report Amounts In Whole Dollars A c D E F O H I I( L M N 0 P O R a 17-188 Jul-Deoember 17.188 Janus -Junco Fund Sources Fund Sourus MemM areP. Namn�DeM ONIgaOon Ian TyH GrtnNA9n.m.n1 ExecNlen Data GNmcVlon Date TerWmlon Dale Payee GwtlpllOrvRaax Scoq Pro acl Nea TOIaI OM.tarMlrq .tbn ort2.lfAtOD Rellretl ROP91T-16 Tclel 1TolelA 1]-tee BaM Hwsetls Ruerve 29 Belh Tem Pamnp WnNNclwe Repent Tax SM1eNrg ApeemeM OPAIDDNCembu.kn 10]212p00 9T30(20251 Bela Tem aesockles LLC PmnT'T 9MrIrM ApreemeN rpVretl uMx ale lams el Ina Pmar Mery.e N f 133y.ISB Balance qMr Funtla RPRF bolo gPRF S Bontl Proceeds Reserve Belerce ner F,,Ma RPFTF 1 M7 nRPi?F f ]01,33].ISB P Ipeuon.9.. .(t.- +0y)/hM0) eM A one MMemeM A (tlal. en)aao]) 1. -curt Ix the tlHekpmeN N u. MaIM,plan GN.r IB.Ie TemA Inchtle. kpM requuemeN. le .Neon lO BalY Tam Hun ll RopedyTu 9rMNl9 Aprnmx[ OPNDpA,CereW.bn t01Y2010 ]Hl1036 9Ma Tem VMn. LLC wb Keno Balton, Berbmn ouMpeticn APnmaN apples'eBm Rrober 1. 20101ercmNNcikn Na N6) mka0. Mxpetl 16.356.203 N f 1006,192 503.216 1 .3, 2. 50)2a6 f 503.2N1 w ulu piano eemlmemn k nemplete antl lrurcM by Hoperly W 32 O oa- a geemertlx Pe CKY-uey LoaMOnM M17-2 tOn)tou LIryNHUNIMon Beam Nonuom kclutles kON legWnmert. to AnplemeN obppe110n Lean reprymeM ler etlaarca mace on SOMMaN GnIN 2a] N S 20,000 10.00D Pl Icryl len Benn ReeevNopmert Salon 6R)Ht apUl pole.. In I200YN6 f 10.000 10. f 10000 39 Lapel expeme Iw S,asnwr LegM )/aRoli 1/V2D16 am Ba Wera Berbnan LpNequmesk enexe 9,cuawr Meryed 100 N S - A wmplkrcerMln A81zM Ap , cempince wAn AB 1. 2. and 100,0p0 50,000 S 60,000 50.000 i 60,000 eM AB tIM ponce. k 1MeAn antl SN.ry cane sectkn Ag 11l/ 3NTT1(tlNil(F7 NO Ecwwmk Paulyela vxvkes relNetl t�succ perc—Pll.rce Ae, _ A.26.ne AB lae1 ProlnebM Servke. 6n Miul1 91J01201] Neyeer Menton Ewrcmk Amlyvly comuMlq rvkaa to emue suaeanr A,- emMMrc Me ,i 100,000 N f 100.000 50,0 $ l0,000 !o. y �pgg punuaN to HeaRn antl 6alety Cotle se.lon Sat>11e1(1)IFl won Ae l.2saM ae IIBe ,'�'+. 1 1. �n+..he y4 � � "" J _ G u','MF S �8ia"�r^.'i} "-2 :3�, .'� ✓� � �, � '-" a,= Eeea 1 Pao apex Mwernent BfeT �6' rTr `.>��"+'yR1e-- !JM tl11M taa-- ii 1 Y, .'.. ',_ 3 x P F Y 3 '+C s -:; ":ice h - ;M;.. �•., z -'S Meeker SbOIMc 260,000 N f • 350000 c „ Y 12s OD0 u SaBm yae M kn inlNe _ blpe0xn reMW,p Me^B Menetl ro x Apenry UI N on wmpuarc AbNn cash... v1Ro12 t1R77 b202 f ]5,— 125.000 f 1..- per AB 1)!26 altl r AmNrrormu,MO acomM I1P.1.1 .M olnx edNNie. a. nquketl by AB %2e ll 3ucceaeor Apercy Ploperry M.Wemnce I. Prapny papo.ilkna i1I1R010 11RM2D21 969 FercMg, Al Fence Few- secure Suocsuor Agern7 Merged 3,500 N s 3,500 1,TN f 1,]!0 Co.. Amedcen Fenn Gmnry P.,rh, i.)50 1,T30 523ucceevM A,Prope,ry Malmenme.-wndcortrN Pmpxly MelMenance 1nlM10 11IZ6I20N TMraen Aa neetletl weed ebalemeM MrMerpee 1.00 N f AWO 2. i 2,OOp 2,000 N f cNk CXy-Very Low Unuv OPNDDFICerulN.bn 10I181006 d1021 Hauexp gMMnly 8 lMary Muellq Mpalkn for Pecn Megatl 600 f •`•..-14 Ft7011P`a�alsl®sI1WE MWPOkKWtlf' TM3. ,x '^� C Pro a °Y3i°t � - Belialle BMa Tem OPmnNMaIMEMmrA- MenapmMtcMq, •a' - - •r tYM7 `�'-" �'" � 3Na - 3i•� a'. � ep qM RolaNW galrMrs i MiOSP!n.Ot lime w Marl a ®..eaa y vi, a ¢ - • w2m. � ems'- � M. TamY: : F�L .... ,.,vl�!�-i' r � mow,.. .. •s�.r ..{. n.� r; .. s: ��/!.r.-. r n. tV,.xn .M+y). ,.. k-�h' .*?s �yi�,4E ^. A+ytik�'SJ � - July /, 2017 through June 30, 2013 fte ort Amounts In Whole Dollars A C p H J N L M N P p i17.1BB 17-18A Jul-Deoemb{ro y Januar •JuneB Fund Sourees Fund Spuroef CMra<gAgr<e clel OOltlmding EOM Preceeds Rxerve Salarce _ alter FUMa RFTTF e min RP)TF Bond Proceba Reserve Belarce dMr Funea gPITF AinIn RPTTF Xem3 Rokn NamerDeq OdgaBpn Odi9eu<n Type Enecnion Dan Teim< le Payee rl I pt rwrokn Scope Pr<leU Nel Oed or Cdlpeli<n e olel]t ].teA iTatal 490 ., e] ,*•e�::>. 2001TUAXxMbn Raurrarq _:,..:. Sunda HeW On or Bebr< .. !�..s:rzm„ a19rz003 ar/SON �._ Bark of New YoM Trull � AmeuM weeee to land anwnaM rn �. .._ Merpa .eoa� .-3:.'x N �r a ; ;-A,: >r: y� .. �` 90Mi 1a31/10 G. Vlvrbek TOneiOey Ce LLP Bane ros sN1UO Nrequkee annual Mlncbl slat ame eutla geuccnxor ppelxy. Merged itt— N S loo.S f 10,000 i 10,000 aq ireca{xr ABeray Flwrr<IM SlelemeM Audl OhaolWw pWRs 1tI3y20t3 tt1e2016 Gry NUM nPen BexM1 IcrC Prplrycl Menage ry pee Me, j a 4`k"V'�k:$�r:' 2/1]/t 909 9/30rz03] N ... • f ;.u.3 Yn` 15 erlr<M Hya R 9 rwy Orel Ian MenegemeM Coate (Patel fi) W p n oleWemal a s ]l Me per l50 noun) Ax slats CXy (Percel ene MemBer (40 Man) Oepury pracrar mn Oace of a DnxmPnml (171—Mp.). aroaor of Fbanee 12fi Mrx) CMy n S, AX.(JO Mural. CMeI AaaMMN CXy nN Ito M1oura), errs Rakd Mawpar 1]3 flax) la nepatlde elspoaabn er buc<eax'Agercy propeM urger Inn LRPMP ene emN vabus ee<pmena InchMng PrFMeae Its bale Apeemem _ 1�adsn{�SrfY' y�i49.4. t: `Y IY. r .,- .h. .W M .1W ,# 5'..3>1+X` �.-? ni f i&" Ikl!�C� � d#, "rv} .v .G' �.✓.y2 ' 'r^." p.x'Yf'.,""-J`•'�' - >ON � � :'7e WIWXMMftlRpih%Nelat"" . , `: a[0pDltl' ,.„.a "* .o � gkrOMQA Wal1lhartFva ;y'�y h"& yc� "u`i �r'm `9. �'4 Pr.. ]9 LaM Sea EmeroM Cave CXy MyL an lRlor Oa1e 111 R Pam a1e(1009 i ]0.000 10I1Q030 CONE Pats ABD FMM LglIy RIMInB OR Na ApnameN P Ipel Amours S ) 0 ea1, Merpae 5,676,g13 N lootto 3 K000 10 10,000 Iranxabn IMeroal Ralea J%, pea Mcwrld on eO Emenitl Cove ]O10 SaksALeax <RyrCa Ian lPrbr a13yJ010 BnI1011 Hu Be May 1B, 2009 Emereb Cove 2010 SetleaALeax Magee 3,fi4B,e30 N f Rwenw gefurgrq Bartle Oa2a11). Pmparly 1) .Waac —g k%wlnp Aunonry rue RaNrMirq Bags Oeq 10.000 3 d0,000 t0.000 10,000 e1 HUHinplm nent RedevebpmeM Pkn aexlegwr3 nxdbn /Celery Lwn (Prbr a11�I. P,ep.rry 69/100fi 1/3N0 CNy of Hurolnpen Bee<h servke PaymeMe fAM end RIgMq-w.yaegMMllw <eaa<on�tenea wxnll. cooras Mergee 2.090.1 N { 'D' 1a.aoD f to.aao to.am tD,000 Heaver Eatmabn prakelh evtbpmeM a • pWXc alaa9e u e2 MabJia ReAvebp<mM Rakoi GN'/eouXy Loan (P9N 9/10liW ta112030 Grya HaMrrplx Bel<M1 fenlM1y Cede ltKunee la acyha bntl wlWn Mar9etl 3,gfi3,tID N f ]a). o9s PM1exp 0{Ra11). Property Pler proleneeaPlrax0 dcia 131.281 s t21.191 35.aW 3 24s,sa BJ Dev N a Dowxown Male nxdbn OXpceumy Lean (FMor aU1990 lataow Clly of Hunlapton Beacn dnebpmeM Be CxM to Iot qM MINn Meryad 2,gfi0. )00 N a 201,3]e PMr PrWxl erx pr"l. Oa1en11. Rep.M 1— Its McIrvPla Paea xea to ere 68.361 i e0.%2 15.017 { 1]3,01] banxabn WNnmeU Ne cpnslrwibn a prbrq IecllXlea w1Wn BM OaxXown MNn T_811 Wesl BrneleeMlal prakcl CNy/C9unry Loan lPdor Oa1e 111. RopeM alersoof tat 0J0 lye Hudbrppn Beecn Pbr Brea ebw0on, propeM lPd ... In ,fled 11,771,T)3 N { 1, 1,42fi 410.4B2 S 413,402 alert ou<r prale<I axu aaxdedd %11h IM1e Thlrtl Bbck Weel 0.17,9ga i 33)p aunBXelellpllbeaaleel In , th-1 IM1e MaXtPler RetlevelepmeM pfgxl i65ecene BbcM pXey all Slrwl bnprwameM Prokd CNMCeunry Lou lPdor OQRa111. afOrz003 1a1Q030 Cpy eIlMaMglan Beall PropeM ecyUaXlw coal asset etetl Meryad 331, N f ]< 0,139 3 Rogny xcllen wpM1 the secpna frock AaylM steal 0.1)9 tfi 1e,(/fi e89baM Pmlaa a1&2005 10/1110J0 Ury el HurtlrrPw BeIM Improvement o Nlrtl ell Maryad N.B00 N 3 yl 06rza11' P—'y Sea SuesMplpMl0 2,417 Z41] 4.1117 3 I.1191 e)Rnrolee HaeMlaY—.ng ClryrCovay Loan lPeor Sna1992 ta1(lOJO CIN of Haakrpon ikacn RebwWnmblratlle Tem/s Mee9ae 1%,] N f Jtfi 3Waaa Preled lyamadbn Oa2a111. Rropary CaRx 5lapaM Rat WenMN BaNI 10,g10 3 t0,g10 Zt,09] S 21,091 ee INNroA rranarladM Maher Sae Phn CXyICOWyLxnIPNr Oa2Mtb, PrapeM Y1N9x 10y1/2030 CNy of HadMplon 9eacn Coda rNNNro1M Me<dbn. Muged tq}9e,41t N 3 t5](1,665 SOfi,]0.B f 505,)afi d n OWoU, uM tlerrMMon of Plllwaod all Pn<ek Modle lfeme Parb 1.02gB20 i t,024,0]0 rebiM to me Welerlraq Cammerolll star Slle %en 4So Nf S 3 f f Huntington Beach Recognized Obligation Payment Schedule (ROPS 17-18) - Report of Cash 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 property tax revenues is required by an enforceable obligation. For tips on how to complete the Re ort of Cash Bal F p ances orm, see Cash Balance Tips Sheet. A B C D E I F G H Fund Sources Bond Proceeds Reserve Balance Other RPTTF Prior ROPS Prior ROPS period balances RPTTF Bonds issued onF and DDR RPTTF distributed as Rent, Non-Admin or before ued on balances reserve for future grants, and Cash Balance Information b ROPS Period 12/31/10 /01/11 retained period(s) interest, etc. Admin Comments ROPS 15-16B Actuals 01/01/16 - 06/30/16 1 Beginning Available Cash Balance (Actual 01101/16) 2 Revenue/Income (Actual 06/30/16) - - - 1,578,008 429,628 37,581 RPTTF amounts should tie to the ROPS 15-16B distribution from the County Auditor -Controller during June 2016 3 Expenditures for ROPS 15-166 Enforceable Obligations (Actual - 489,144 3,961,952 06/30/16) 4 Retention of Available Cash Balance (Actual 06/30/16) 1,578.008 200.000 3,962,828 RPTTF amount retained should only include the amounts distributed as reserve for future period(s) 5 ROPS 15-16B RPTTF Balances Remaining No entry required 6 Ending Actual Available Cash Balance CtoG=(1+2-3-4),H=(1+2-3-4-5) $ $ $ - $ - $ 718,772 $ 36,705 Successor Agency Res. No. 2017-01 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 17, 2017 and that is was so adopted by the following vote: AYES: O'Connell, Semeta, Posey, Hardy, Brenden, Peterson NOES: None ABSENT: Delgleize ABSTAIN: None 44�� 9,44*zoj� Clerk of The Successor Agency to the Redevelopment Agency of the City of Huntington Beach, California ATTACHMENT #2 RESOLUTION NO. 2017-02 A RESOLUTION OF THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH APPROVING THE SUCCESSOR AGENCY ADMINISTRATIVE BUDGET FOR THE PERIOD JULY 1, 2017 THROUGH JUNE 30, 2018 WHEREAS, California Health and Safety Code section 341770) requires that the Successor Agency to the Redevelopment Agency of the City of Huntington Beach ("Successor Agency") prepare an administrative budget for each annual fiscal period; and A draft administrative budget for the fiscal period of July 1, 2017 through June 30, 2018 ("Administrative Budget") is attached hereto as Exhibit A; aiad California Health and Safety Code section 34177(k) requires the Successor Agency to provide to the County Auditor -Controller administrative cost estimates for expenses from the administrative budget that are to be paid from property tax revenues deposited in the Redevelopment Property Tax Trust Fund for each annual fiscal period; 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 Administrative Budget attached hereto as Exhibit A is hereby approved. 3. The Successor Agency staff is directed to: (i) provide the required cost estimates for expenses to the County Auditor -Controller; and (ii) 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. 4. 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. 17-5 5 82/ 149413/pd 1 RESOLUTION NO. 2017-02 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 17th day of January , 2017. REVIEWED ND APPROVED: Ex tie irector • "' • Tom 11114"M•' Legal Counsel ,mot/ 17-5582/149413/pd 2 RESOLUTION NO. 2017-02 EXHIBIT A ADMINISTRATIVE BUDGET FOR THE PERIOD JULY 1, 2017 THROUGH JUNE 30, 2018 [behind this page] 17-5582/149413/pd Successor Agency Administrative Budget Department Budget Summary Other Funds by Object Account OTHER FUNDS Expenditure Object Account ROPS 17-18 Budget RORF Administration (35o) PERSONAL SERVICES Salaries/Benefits - Permanent 250,000 PERSONAL SERVICES 250,000 OPERATING EXPENSES Legal Services Other Professional Services/Operating _ OPERATING EXPENSES Total 250,000 Revenue Summary ROPS 17-18 Budget Administrative Allowance 250,000 Other Funds Total 250,000 .2IyinncanL k.na Pursuant to AB x126 and AB 1484, the Successor Agency receives RPTTF funding from the County Auditor Controller to pay Enforceable Obligations. The Successor Agency also receives a 3% of actual distributec RPTTF in the preceding fiscal year, or a minimum of $250,000 for administration of the winding down of the former Redevelopment Agency per fiscal year. Administrative costs associated with the "wind down" anc dissolution of the Redevelopment Agency that exceed the administrative cost allowance will be funded by Other Funds, pursuant to State rules. Administrative expenses include: personnel costs, legal, and other professional services expenses associated with the dissolution and administration of the Successor Agency. Successor Agency Res. No. 2017-02 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 17, 2017 and that is was so adopted by the following vote: AYES: O'Connell, Semeta, Posey, Hardy, Brenden, Peterson NOES: None ABSENT: Delgleize ABSTAIN: None Clerk of The Successor Agency to the Redevelopment Agency of the City of Huntington Beach, California