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HomeMy WebLinkAboutSuccessor Agency - 2017-01 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 1 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. UAW Chairperson REVIEW D AND APPROVED: Exec i e thrector APPROVED AS TO FORM: en Legal CouKel 17-5521/149412/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 YJed for the July 1.2017 through June 30,2018 Printed Successor Agency: Huntington Beach County: Orange 17-18A Total 17-188 Total J Current Period Requested Funding for Enforceable Obligations(BOPS Detail) (July December) (January June) ROPS 17 18 Total A Enforceable Obligations Fundad as Follows(8,C+D): f 363,877 f - 8 363,877 B Bond Proceeds C Reserve Balance D Other Funds 363.877 383,877 E Redevelopment Property Tax Trust Fund(RPTTF)(F+G): S 5,872 018 f 6,091,359 f 11,963,377 F RPTTF 5747,018 5,966.352 11,713.377 G Administrative RPTTF 125.000 125,000 250000 H Current Period Enforceable Obligations(A+E): f 6235896 f 8091359 f 12-327,269 Certification of Oversight Board Chairman' Pursuant to Section 34177(0)of the Health and Safety code.I hereby certify slat Me above is a true and accumte Recognized Obligation Name Title Payment Schedule for the above named successor agency. W Signature Date esasesewwewaeseasewaa© i��rriri�fir���3Y-iGf©Wy7fi�r©IiiW ifi fiifiY �Ifi��litir g i r l MENNEN I _ one eseasa©ww©wesesasaaaa© IN ImmmoB ONE ■IS■ MEM ■MMI ■W ifif7�i�`i��■�®©f�W����fiii�f�ii����i�i�li mmmmm MOON mmmmm mmmm a ONE cMd iYi�irY�iiiiiYi� iiifi��i��1� {� 11 ■■■■■■■■■■■■■�■■ i�.��"■ii��i�iilliti �f■if�l���i�l����fiii�f�i INI■U■■■E■MEMO■■ 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 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 com late the Report of Cash Balances Form,see h Balance ins Sheet. A B C D E I F G H Fund Sources Bond Proceeds Reserve Balance parr RPTTF Prior ROPS Prior ROPS Period balances RPTTF BarMs issued701111 aril DDR RPTTF distributed es Rent, Non-Admin or D 1116ed on balances reserrc for future grants, and Cash Balaocslrr lot matlon RODS Wr1o0 12l31/10 retained (s) interest.eta Admin Comments BOPS 16-160 Acmb 10IMMS.06130M6 7 Beginning AvaOabN Cash Balance(Aelue101ro1H0) 1,578,008 428,628 37,581 2 RerenuMocoma(Actual 06I301i6) RPTTF tenounts should Be to the ROPS 15-168 distribution from the County Auditor-Controller during June 2018 489,144 3,981,982 2 Expenditures for RODS 15-786 Enforceable Obligations(Actual OBIOMIB) 1576,008 200,000 3,962.828 6 Retention of Agilabls Cash Balancs(Aetual06/00116) RPTTF amount retained should only include the amounts distributed as reserve for future period(s) 6 ROPS 15-16B RPTTF Balances Remslning No entry required 6 Ending Actual Aw)lable Cash Balance Cto G.(7+2.3-6),Ha(7-2.3.4-6) 36706 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 Clerk of The Successor Agency to the Redevelopment Agency of the City of Huntington Beach, California