HomeMy WebLinkAboutSuccessor Agency Resolution 2013-03 - Approve Recognized Obl Dept.ID ED 13-32 Page 1 of 2
Meeting Date: 9/16/2013
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CITY OF HUNTINGTON BEACH
REQUEST FOR SUCCESSOR AGENCY ACTION
MEETING DATE: 9/16/2013
SUBMITTED TO: Honorable Chair and Agency Members
SUBMITTED BY: Fred A. Wilson, Executive Director
PREPARED BY: Fred A. Wilson, Executive Director
Lori Ann Farrell, Finance Director
SUBJECT: Adopt Successor Agency Resolution Nos. 2013-03 and 2013-04 approving the
Recognized Obligation Payment Schedule (ROPS) and Administrative Budget
for the Huntington Beach Successor Agency for the period of January 1, 2014,
through June 30, 2014, 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 January 1, 2014, through June 30, 2014. An
approved ROPS must be submitted to the Department of Finance (DOF) by October 1, 2013.
Financial Impact:
The ROPS provides the County Auditor-Controller with the amount of the former Redevelopment
Agency's enforceable obligations. Once approved by the 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.
Recommended Action: Motion to:
A) Adopt Resolution No. 2013-03, "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 January 1, 2014-June 30, 2014 ("ROPS 13-14B");" and,
B) Adopt Resolution No. 2013-04, "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 of January 1, 2014 through June 30, 2014.
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.
Item 13. - 1 HB -272-
Dept.ID ED 13-32 Page 2 of 2
Meeting Date:9/16/2013
Analysis:
As a result of the 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 January 1, 2014, through June 30, 2014,
requests payment for enforceable obligations associated with the former Redevelopment Agency's
Tax Allocation Bonds, development agreements, legal services, administrative and other costs.
The State Department of Finance (DOF) has the authority to review the ROPS and return it to the
Successor Agency for reconsideration and modification. Thereafter, the ROPS shall not be
effective until approved by the State DOF.
The Administrative Budget for the January 1 through June 20, 2014, 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.
Strateqic Plan Goal:
Improve long-term financial sustainability
Attachment(s):
1. Resolution No. 2013-03, "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 January 1, 2014-June 30, 2014 ("ROPS 13-14B")"
2. Resolution No. 2013-04, "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 of January 1, 2014 through June 20, 2014."
HB -273- Item 13. - 2
ATTACHMENT # 1
RESOLUTION NO. 2013- 03
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 JANUARY 1, 2014 - JUNE 30, 2014 ("ROPS 13-1413")
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 six-month 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 six-month fiscal period
commencing on January 1, 2014 and continuing through June 30, 2014 ("ROPS 13-14B") which
is attached hereto as Exhibit A; and
After reviewing ROPS 13-14B 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 13-1413; 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 13-14B 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 13-14B on the Successor
Agency website once approved by the Oversight Board to the Successor Agency; (ii) transmit
ROPS 13-14B 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 13-14B as may be necessary to submit ROPS 13-14B in any modified form required by
DOF, and ROPS 13-14B as so modified shall thereupon constitute ROPS 13-14B as approved by
the Successor Agency pursuant to this Resolution.
1
13-3914/101076
Successor Agency Resolution No. 2013- 03
4. The Successor Agency authorizes the Executive Director, or designee, to make
such non-substantive changes and amendments to ROPS 13-14B as may be approved by the
Executive Director of the Successor Agency and its legal counsel, and ROPS 13-14B as so
modified shall thereupon constitute ROPS 13-14B 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 special meeting thereof held on the 16th day of
September, 2013.
s
Chairman
RE VIE D AND APPROVED:
Y, i e Director
41,
APPROVED AS TO FORM:
gency ounsel
2
13-3914/101076
Successor Agency Resolution No. 2013- 03
EXHIBIT A
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
FOR THE PERIOD JANUARY 1, 2014 THROUGH JUNE 30, 2014
("ROPS 13-14B")
[behind this page]
Name of Successor Agency: Huntington Beach
Name of County: Orange
Current Period Requested Funding for Outstanding Debt or Obligation Six-Month Total
Enforceable Obligations Funded with Non-Redevelopment Property Tax Trust Fund(RPTTF)Funding
A Sources(B+C+D): „$ .:: 901,929
B Bond Proceeds Funding(ROPS Detail)
C Reserve Balance Funding(ROPS Detail) 404,419
D Other Funding(ROPS Detail) 5877e510'
E Enforceable Obligations Funded with RPTTF Funding(F+G): $`;: 7,887 535
F Non-Administrative Costs(ROPS Detail) 7 63T535
G Administrative Costs(ROPS Detail) 250,006,
H Current Period Enforceable Obligations(A+E): $ 8 879;€4641
Successor Agency Self-Reported Prior Period Adjustment to Current Period RPTTF Requested Funding
as
I Enforceable Obligations funded with RPTTF(E): 7 887 535E
J Less Prior Period Adjustment(Report of Prior Period Adjustments Column U) ,(761421)j
K Adjusted Current Period RPTTF Requested Funding(I-J) $ `I 7,871,174
County Auditor Controller Reported Prior Period Adjustment to Current Period RPTTF Requested Funding
'L' lz
�r ;
L Enforceable Obligations funded with RPTTF(E): �' 7 887 535
M Les"s Prior Period Adjustment Re ort of Prior Period Ad irstments Column AB f
! �(, P 1 )
„ N 01
Adjusted Current Period RPTTF RequestedFunding t-M) 7 887,535,E
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 Name Title
Obligation Payment Schedule for the above named agency. /s/
Signature Date
salth and Safety Code section 34177(I),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 r
obligation.
B C D E F G H I J K
Fund Sources
Bond Proceeds Reserve'Balance,•.j Other '? RPTTF
Review balances
retained for
Bonds Issued Bonds Issued approved RPTTF balances Rent,
on or before on or after enforceable retained for bond Grants,
'und Balance Information by ROPS Period 12/31/10 01/01/11 obligations reserves Interest,Etc. Non-Admin Admin Total Comments
,W"
als 01I01/13=:6/30/13
g Available Fund Balance(Actual 01/01113)
for the RPTTF,1 +2 should tie to columns L and Q in the
4,
Prior Period Adjustments(PPAs)
$
(Income(Actual 06/30/13)Note that the RPTTF amounts
to the ROPS III distributions from the County Auditor-
481,656 6,708,286 304,106 $" 7,494,048`
ures for ROPS III Enforceable Obligations(Actual
Note that for the RPTTF,3+4 should tie to columns N
he Report of PPAs 481,656 6,631,865 304,106 $` 7,417,627°
i of Available Fund Balance(Actual 06/30/13)Note that
kdmin RPTTF amount should only include the retention of
for debt service approved in ROPS III $
RPTTF Prior Period Adjustment Note that the net Non- �� f
d Admin RPTTF amounts should tie to columns O and T a, No entry required ' •,
)ort of PPAs. 'a a' : " a 76,42.1 $. 76'421
4ctualAvailable�Fund Balance 1+2-3-4=5 $ �'�a . �<- $ $ $ - $ $ $ '
zr1, e, s
Estimate 07/01/13-12/31/13 '? -
g Available FundBalance(Actual 07101/13):(C D E G ����� � �; � • ,
+6,IF=H4+F6;and H=5+:6° : ." "a s $ . ` . 5 - $ $_. $ $ $ 76,421 $. a $ 76,421
flncome(Estimate 12/31/13) _',
the RPTTF amounts should tie to the ROPS 13-14A
ns from the County Auditor-Controller 373,716 5,625,998 250,000 =$y 6,249,714
ures for 13-14A Enforceable Obligations
12/31/13 373,716 5,625,998 250,000 $ 6,249,714
i of Available Fund Balance(Estimate 12131/13)
the RPTTF amounts may include the retention of
`or debt service approved in ROPS 13-14A $
�, r
stimated Available Fund Bal 7ance +8-9=10 III $ ' $ - $�- $ $ $ 76,421 $ - :$ -76,421"
(Report Amoun+q in Whole Dollars)
C D E F G H I J K L M
Funding Source
Non-Redevelopment Property Tax Trust Fund
Non-RPTTF
Contract/Agreement Contract/Agreement Total Outstanding
ation Type Execution Date Termination Date Payee Description/Project Scope Project Area Debt or Obligation Retired Bond Proceeds Reserve Balance Other Funds Nc
$ 111,076,308 $ $ 404,419 $ 587,510 -$
,. _,. < ,... , , .,,,
un Loans 5/18/2009.t;. 10/]/2030 COHB Park;;"A 8 D I und:.o Legally Binding O eratrve=A reement. Mer"ed,
a
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DA/Constructi 9/14/1998 9/30/2023 PCH Beach Resorts LLC Disposition and Development Merged 5,040,392 N
Agreement approved on September
14,1998 for the Waterfront
Development
Issued On or 6/19/2002 8/1/2024 Bank of New York Trust Co. Tax Allocation Bonds Debt Service Merged 14,688,175 N
12/31/10 Payments
Issued On or 1/12/1999 8/1/2024 Bank of New York Trust Co. Tax Allocation Bonds Debt Service Merged 6,729,658 N
12/31/10 Payments
11/17/2010 11/17/2013 Arbitrage Compliance Tax Allocation Bonds arbitrage rebate Merged 500 N
Specialist calculation-Federal IRS Compliance
11/17/2010 11/17/2013 Arbitrage Compliance Tax Allocation Bonds arbitrage rebate Merged 500 N
Specialist calculation-Federal IRS Compliance
Issued On or 6/19/2002 8/1/2016 Internal Revenue Service IRS Arbitrage Rebate Payment Merged - N
12/31/10
Issued On or 6/19/2002 8/1/2024 Bank of New York Mellon Tax Allocation Bonds-Payment to Merged 1,537 N
12/31/10 Fiscal Agent
Issued On or 1/12/1999 8/1/2024 Bank of New York Mellon Tax Allocation Bonds-Payment to Merged 848 N
12/31/10 Fiscal Agent
7/7/2009 7/7/2014 Harrell&Company Preparation and filing of Continuing Merged 250 N
Advisors,LLC Disclosure Annual Reports and
Material Event Notices
7/7/2009 7/7/2014 Harrell&Company Preparation and filing of Continuing Merged 1,525 N
Advisors,LLC Disclosure Annual Reports and
Material Event Notices
Issued-On or,.,;5/13I2010 i ,, %• 9/172021.. , k.t ',;'::,' z` „
f ,, US Ban, Emerald Cove 2010 Series A Lease„ Merged, N
„ „ , , , ,may
Rll�aft,
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2/3./ 0 t � ,,- , may a.. , � Revehue Refundin Bonds Debt � '�
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Issued On or 7/21/2010 8/1/2019 Bank of New York Mellon Legally binding and enforceable loan Merged 2,966,608 N
12/31/10 agreement with the U.S.Department of
Housing and Urban Development for
capital improvements
DA/Constructi 6/1/1999 9/30/2033 CIM Group,LLC and Kane Merged 12,666,819 N
Ballmer and Berkman
DA/Constructi 1/20/2009 9/30/2033 CIM Group,LLC Property Tax Sharing Agreement Merged 989,709 N
underthe Disposition and
Development Agreement(DDA) and
Sixth Implementation Agreement for
the Strand projects parking structure
authorized on January 20,2009.
DA/Constructi 10/16/2006 Makar Properties&Kane Owner Participation Agreement Merged 5,520,000 N
Ballmer and Berkman approved on October 16,2006 for
future development of a 31-acre site
located at Pacific Coast Highway and
First Street and financed by property
tax allocations.
DA/Constructi'10/16/2006: f t ,y" %n v Makar Pr
.._: t ,• operties ##i# ##### Merged N,'
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(Report Amounts in Whole Dollars)
C D E F G H I J K L M
Funding Source
Non-Redevelopment Property Tax Trust Fund
Non-RPTTF
Contract/Agreement Contract/Agreement Total Outstanding
:ion Type Execution Date Termination Date Payee Description/Project Scope Project Area Debt or Obligation Retired Bond Proceeds Reserve Balance Other Funds N<
JConstructi 5/28/1991 12/31/2017 Abdelmudi Development Owner Participation Agreement/Rent Merged 7,500 N
Company Differential Agreement approved on
May 28,1991 for the development of
the three story building at the
Oceanview Promenade.The Third
Implementation Amendment took effect
on November 21, 1994.
< F
�"� ,o ti s r, I"..Jessica,Latham;=Es . ;,._/Statuto bli a on fo.lea
and;o erations of>Housm
Z f ZntJ , q e ursu ni otSechon; 4;13 b 4 Land 33490 a 2---anii<3 of the"California`Comum � f
Redevelopment Law,Health and w 4 Aga
t .
A Safety Code Section 33000;et.seq.= !
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I
Liabilities 6/30/2011 CalPERS Unfunded CalPERS pension obligation Merged 2,364,734 N
as per CalPERS actuarial valuation as
of June 30,2011
Liabilities 9/30/2011 US Bank Unfunded actuarial accrued liability as Merged 589,208 N
of September 30,2012 as per actuarial
valuation by Bartel Associates,LLC.
Liabilities 9/10/2010 10/10/2014 Pacific Life Ins Legally enforceable retirement Merged 104,802 N
obligation for early retirement incentive
program and annuity contract with
Pacific Life Insurance Incorporated.
Liabilities 6/30/2011 CalPERS/CERBT Unfunded actuarial accrued liability as Merged 246,371 N
of June 30,2012 as per Bartel
Associates,LLC.
Liabilities 9/30/2011 City employees directly Obligation for unused employee Merged 77,792 N
involved in Housing and General Leave earned and vested as
Redevelopment projects per MOUs and AB 1X26
and administration
ial 5/7/2007 4/30/2014 Tierra West Financial and Real estate consultant Merged N
JConstructi October 2,2000 and 9/30/2025 Bella Terra Associates LLC ################## ###f###### Merged 14,298,411 N
September 17,2007
JConstructi 10/4/2010 7/1/2036 Bella Terra Villas,LLC Agreement approved on October 4, Merged 24,651,414 N
2010 for construction of a 467 mixed-
use unit project.Construction is
complete and financed by property tax
allocations.Includes legal
requirements to implement obligation.
JConstructi 7/6/2009 Pierside Pavilion,LLC Owner Participation Agreement(OPA) Merged Y
approved on July 6,2009 for the
continued redevelopment of the site
located at 300 Pacific Coast Highway
in Downtown Huntington Beach.Legal
services were incurred to amend the
`�' 6/,2A 7':/.1,1 a�d.,,,,.�•. v
.
. . legally obligated
OPA.
t„Loansr 10/1/20301, C.d ;Huntin ton.Beach Loan:re a mentforad 0ance.,m ade,.•o n Southeast,Coastal• . Ni,
045caital projects 2
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Valuation
sts 9/30/2011 9/30/2011 Employee 1 Payment of costs incurred to fulfilled Merged&Southeast Y
(Report Amourf�in Whole Dollars)
C D E F G H I J K L M
Funding Source
Non-Redevelopment Property Tax Trust Fund
Non-RPTTF
Contract/Agreement Contract/Agreement Total Outstanding
ation Type Execution Date Termination Date Payee Description/Project Scope Project Area Debt or Obligation Retired Bond Proceeds Reserve Balance Other Funds Nc
posts 9/30/2011 9/30/2011 Employee 2 Payment of costs incurred to fulfilled Merged&Southeast Y
collective bargaining agreements for Coastal
layoffs/terminations of City employees
relating to the dissolution of the
Redevelopment Agency per Health&
Safety Code Section 34171(d)(1(C)
Dosts 9/30/2011 12/23/2011 Employee 3 Payment of costs incurred to fulfilled Merged&Southeast Y
collective bargaining agreements for Coastal
layoffs/terminations of City employees
relating to the dissolution of the
Redevelopment Agency per Health&
Safety Code Section 34171(d)(1(C)
posts 9/30/2011 9/30/2011 Employee 4 Payment of costs incurred to fulfilled Merged&Southeast Y
collective bargaining agreements for Coastal
layoffs/terminations of City employees
relating to the dissolution of the
Redevelopment Agency per Health&
Safety Code Section 34171(d)(1(C)
,n 7/8/2012 7/8/2015 Kane Balimer&Berkman Payment of litigation costs incurred Merged&Southeast 75,000 N
through June 30,2012 relating to Coastal
application for a Temporary
Restraining Order pertaining to the
June 1,2012 property tax payments
eligible under Health and Safety Code
Section 34171(d)(1)(F)as amended by
AB 1484
7/8/2012 7/8/2015 Kane Ballmer&Berkman Legal expenses to ensure Successor Merged&Southeast 75,000 N 75,000
Agency compliance with AB 1x 26 and Coastal
AB 1484
ional 6/15/2010 6/15/2014 Keyser Marston Economic Analysis consulting services Merged&Southeast 100,000 N 100,000
s to ensure Successor Agency Coastal
compliance with AB 1x 26 and AB
1484
unt Loans :,119/2005 11,1` q<,%.;:=10l1/2030"a 11_ w• Successor<A enc Land and Ri ht-of-wa ac uisitibn Merpg
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efore 6/27/11 the Main-Pier..project area.to
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facilities within the:Downtown Main- °'
Pier area
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� , Successor.A en . Relocation ro ert a n N i Y s ..
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Non-Redevelopment Property Tax Trust Fund
Non-RPTTF
Contract/Agreement Contract/Agreement Total Outstanding
.ion Type Execution Date Termination Date Payee Description/Project Scope Project Area Debt or Obligation Retired Bond Proceeds Reserve Balance Other Funds N(
t;Loans 10/1/2030 ,� '< n SuccessorRA enc '" Costs related to'the:relocation,,bu out, Merged � � +, F . '` „ 'N` � �<
n
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C"
ore-6/27/11 .. and.demolition ofDriftwood acid Pacific
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w^. ,, < �:� � �� � �� )� a. 'f. e S o ec � ,,, '�� t��. .���: �: ��
sts Successor A enc ,Kane SuccessorA Agency administrative\
g y g y / Merged 8 Southeast N 412,510
Ballmer,Keyser Marston, obligations relating to maintaining Coastal
and Macias Gini& payments on enforceable obligations
O'Connell LLP at al and other activities as required by AB
1X26
)ispositions S&S Fencing Fencing to secure Successor Agency Merged 2,500 N
Property
TruGreen As needed weed abatement for Merged 3,500 N
ice Agency ro ert
t r — iffi
A ,.,ra,. 6 ,w,.. i, . . r,... _ :;d ,.: a8'"> '" ' 3 249.702 JN,,. N. � 40 19
uedOn or 5/30/2010 9l1/2021' �:;�lJS Bank �` Eerald Cove 2010 Senes A Lease Merged � � ;� ; � � -" .,��,aa ,
139/10. R "vnuR furidin Bond`ssD 6t `` e e
ServE Pa m i p
10/16/2006 Housing Authority Statutory housing obligation for Pacific Merged 6,500,000 N
City Project
2/5/2013 2/5/2015 Kane Ballmer&Berkman Payment of litigation costs for property Merged 75,000 N
tax payments eligible under Health and
Safety Code Section 34171(d)(1)(F)as
amended by AB 1484
n Audits Vavrinek,Trine&Day Cc Statutorily required review/audit to Merged&Southeast 17,395 N
LLP wind down the RDA,such as due Coastal
diligence reviews
anagement City of Huntington Beach Project management direct cost for Merged 2,200
overseeing Bella Terra I
anagement City of Huntington Beach Project management direct cost for Merged 2,200
overseeing Bella Terra 2
anagement City of Huntington Beach Project management direct cost for Merged 2,200
overseeing CIM
anagement Keyser Marston Project management direct cost for Merged 3,100
Financial analysis-Bella Terra I
anagement Keyser Marston Project management direct cost for Merged 3,100
Financial analysis-Bella Terra II
anagement Keyser Marston Project management direct cost for Merged 3,100
financial analysis-CIM
ued On or 6/19/2002 8/1/2024 Bank of New York Trust Co. Amount needed to fund shortfall in Merged 29,514
131/10 bond reserve account
i Audits Vavrinek,Trine&Day Co Statutorily required annual financial Merged 10,000
LLP&Macias Gini and statement audit of Successor Agency.
O'Connell at al
e reqUIPM 10 repoft IME Ul-Fences Demean Ineir actualaval Ing a a expen 1 ure o period, e
iPS 13-14B(January lhrou a 2014)period will be offset by the SA's self-reported ROPS III prior period adjustment.HSC Section 34186(a)also s that the rior eriod adjustments self-reported by SAs RODS 111 CAC:P,PA.To be gompleled by,the.CAC:U on sub the RODS'I 14B.b-fhe SA:to f
P P 1Mal" p, y;.
FI I J K L M N O P O R S T
urea RPTTF Expenditures
�.,.
Other
Asset9 y,
alned Net$A Non Adman y. s, c .
:es) Other Funds Non-Adman Adman and Adman PPA - Non•Admin CAC ,, ar, Atlmin.CAC
Available '
RPTTF Avallable Net Differ d
CROPS III OlNerence RPTTF Difference (Amount Used to Z '��. DIN ence ':? t riDifte en
distributed t all Net Leaser of (I1 M is lass than (ROPS III distributed Net Lesser o1 (If R is less than S, Offset ROPS 13 146 Net Leaser oi' F (It v Is less than W Nal Leas,of (If Y Is I ss than
Authoriz other available as of Authorized/ N,the difference Is .all other available Authorized I tha difference Is Requested RPTTF Authorized 1 f c r, }£S the diference ie ':Authonzed 1\ 2,the ddference
Actual ad Actual Authorized 1/1/13) Available Actual zero) Authorized s or 111113) Available Actual zero) (O.T)) 6�,.?,Available,:} _ � ,Acluel Avaliable� Actual
a
$ - $ - $481,656 E 6,708,466 $ - $ 6,708,286 $ 6,631,865 $ _. 76,421 $ 304,106 $ - E 304,106 $ 304,106 $ - $ 76.421 E - E - $ $
S ,? - s ?+.; of :r;, i n ,.�,,.:' /a, ?<. , E- - - r," 0" PS 1 �W.,',�` r ;«' ��;'s 0//
1,043,146 $ 1,043,146 1,043,146 $ $ E - E ,ww,.aa+, °fix k" E ..�r:, [ �' - §
1,640,9381 § 1,640,938 1,640,938 E § E - $743.289 E .� _743,289 743,289 E -, E " - § ���'� � �: §...
500 $ 500 500 E § E § / r E. NMI
500 E 500 soo $ $'- E
528.754 E ..528,754 500,970 $ 27.794 $' - E - $ 27,784 ' «<� E §,.
1.537 $ 1,537 E 1,537 E - E - $ 1,537 $ $
848 E 848 948 $ - E ' - $ - $ - $ - $ -
250 $ 250 $ 250 $ $ - $ 250 $ $
1,525 E 1,525 $ 1.525 $ c E - $ 1.525 E $
_.�„ �. ." y ,,. ,.`, § Ef,_
427,512 E 427.5121 427,512 E E E
702,903 .$ 702,903 702.903 $ - $ - $ - $ $ $
49,756 $ `' 49,576 49,576 E §`` § - $ § §
20.000 $ 20,000 19,481 $ 519 $ E - $ 519 $ $
y ,
fir'
$
It, ONE:.: i .ter,:
/ ,:
-
6,000 $ _8,000 $ 6,000'. $- - E - $ 6 000
a- .,
aka f:$ $ E'' a �. : a may-
'"-
95,476 E 95,476 95,476 $ $h�3 $ - $ $ §
28,952 E 28,952 28,952 $ $ $ $
19,965 $ 19.965 19965 $_ $ $ - $ $ $
6,222 $ 6,222 6,222 -$: $ - E $ - $ - $
11,460 E e '11,460 8,889 $ a '2,571 E $ f'_ - $ 2,571
$ $
15,000 $ ;15,000 8,758 E' '�8.242 '§, E - § 8.242
$' $
1,210,008 $ - ;1,210,008 1,210,008 '$ $ $ $ $ $
10.000 $ 10,000 $_: 10,000 $ - $ - $ 10,000 $ $
4.000 $ 4000 $ 4,009 E $ g 4,000
$ $
' z
r E E%;ryi , ;l
E $ - E $ - $ $ $
16,3931 $ 16,393 16,393 $ $ $ - $ $ $
24,4e3 E 24,483 24.483 $ E $ - $ E $
equirea to Mportni! e n el al a e un Ing an etr MUM a pen ur s Tor a ro gn uecemoer zu ii)perioa.I Me ,•;-„ ;,, Mr r
' ;'
,, ` MR, ,
13-14B(January through June 2014)period will be offset by the SA's self-reported ROPS III prior period adjustment.HSC Section 34166(a)also specifies that the prior period adjustments self-reported by SAs ROP5,111 CAC PPA To be completed by the CAC upooii submittal of this ROPS;13 14121 by the SA to f
CAC„;'':
i 1 J K L M N O P O R S T U V
is RPTTF Expenditures
„• �� a _ _
sets
Other Funds Non-Adman Adman Nantl Adman PPAi $ / 1',,r .ANomAdmin CAet SA
C 3- .,, Atlmin CAC
Available a u' xcy _-
RPTTF Available Net D Ilerenc 5 m
CROPS III Difference RPTTF Difference (Amount Used to Z DlNemnce 3 :Difference '
tllslrlDuled+all Net Lesser of (I/M Is less than (BOPS II distributed Net Lasser of (il R Is less than S. 011as,ROPS 13 14B Net Leaser 1 'y(II V Is less lhaa W Net Lesser e1 (II Y Is less than,'.
Author other avallabla es of Authorizetll N,the dlNerence la .ell other available Authorized I the differences Requested RPTTF Auth'orixetl I the diNeranca 1 Authorlxetl/' 2 the difference`;
foal ad Actual Authorized 111113) Available Actual ero) Authorized s of 1/1113) Available Actual zero) (O+T)) Available Aet el.p ;�:, f�„�+zero) . ,•Available'? Actual s-zero),z a
, .
$ $481,656 $ 6,708.466 $ $ 6,708,288 $ 6,631,865 $ 76,421 $ 304,106 $ r,f " - $. 304,106 $ 304,106 $ - $ 76,421 $ - $ - $ - $ - $ - $ - -
60,321 $ $ $. .. $ - $ $ $
rll
1
y
•z ..daF., ME $I'M �:5"r $$, . ?.:sir'
F «
ors WF,11*411 ,' I ORt",`««'°- $ ,,� $ ... - >s« .i $ AIM
$ $_ ::.., �, ,,.,.- - €.. .e:� v $ $,Y =a::qr, :` - «..aaac�e, d i - !$ sM.✓aa..<.,„ a. 1::,.. 15..;. V'_. ,i M VA MCI,
g�� ^�t Via.. :,
1 A. IS, IRA °. t z rya 9 � , 0,11
421 335 $ $ 304,106 $ 304,106 304,106 $ - $ $ $
Ell/r
$ "`«.•.z,S.si $ .«s%„a:.� $ $ .•!a $, :.c a $ ,t ;l: 8w. .a,.
- : ... - .e
R
A41, 3 fi
uanuary -i, zu-i4 inrougn tune su, Lu-l4
Item # Noi._,Oomments
2 Payee name change reported on ROPS 13-14A as PCH Beach Resorts LLC
15 Due to lack of funding in ROPS 13-14A, we will be reserving amount to be paid to this period.
16 Agency is under potential threat of litigation.
30 Payee name change reported on ROPS 13-14A as Bella Terra Villas, LLC.
50 Allowable enforceable obligations above the administrative cap should be charged to other funds as available as per Department of Finance.
53 The LMIHF has been retained to pay the Bond debt, and the payment is from the retained LMIHF monies. No RPTTF funding is requested at this time.
64 Estimated portion (20%) of annual financial statement audit fees related to the Successor Agency. Audits firms have submitted proposals for the audit, which are
currently under review.
Successor Agency
Res. No. 2013-03
STATE OF CALIFORNIA
COUNTY OF ORANGE ) ss:
CITY OF HUNTINGTON BEACH )
I, JOAN L. FLYNN 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 September 16, 2013 and that is was so adopted by
the following vote:
AYES: Sullivan, Hardy, Harper, Boardman, Carchio, Shaw, Katapodis
NOES: None
ABSENT: None
ABSTAIN: None
Clerk UThe Successor AgEQcy to
the Redevelopment Agency of the
City of Huntington Beach, California
ATTACHMENT #2
RESOLUTION NO. 2013- 04
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 JANUARY 1, 2014 THROUGH JUNE 30, 2014
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 six month fiscal period; and
A draft administrative budget for the fiscal period of January 1, 2014 through June 30,
2014 ("Administrative Budget") is attached hereto as Exhibit A; and
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 six month 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.
1
13-3914/101079
Successor Agency Resolution No. 2013- 04
PASSED-AND ADOPTED by the Successor Agency to the Redevelopment Agency of
the City of Huntington Beach at a special meeting thereof held on the 16th day of
September, 2013.
e
Chairman
REVIE WE
D AND APPROVED:
E u i Director
APPROVED AS TO FORM:
C
ency l
Cc6nsel
2
13-3914/101079
Successor Agency Resolution No. 2013- 04
EXHIBIT A
ADMINISTRATIVE BUDGET FOR THE PERIOD
JANUARY 1, 2014 THROUGH JUNE 30, 2014
[behind this page]
Successor Agency Resolution No. 2013-04
Successor Agency
- Administrative Budget
K
.Departmenf`.Budget:Summary
Otliec,Funds by:Otiject Account
OTHER FUNDS_';
�. ._
x.°"�VE
�'ac�-._ r"-s.+ro-•yyx=�,.x. '"`"�-"' .
- _ --� - �. ::�::.-..� , -'� �.;a. :,.=a=� :y;�r -.� - ��-=}�.;^�:��•s'M- _:'- �,ROPS�1�='148'�u;
�> -,�;�c.n�� ~_,^. _:fir,^�3 �- -.,Hx`'s��r1r^.`•�=r�„y'�'.�:• i-�� �`��,;�;�:, y:.=„< �'�—�+?��`,3`
Expenili re<Ob�ect-i4ccou�4�:�:r�.r•°�_;•�; ;''ar;����,�_� -�:�,�� �� =;�� =.BudgeY�-���_-
RORFiAdministmtion
-PERSONAL SERVICES.-:-.:::
Salaries/Benefits-Permanent 1,032,561
(including unfunded administrative costs carryover)
NAL=< ERVICE&- 032 561=
'::OPERATING:EXPENSES
Legal Services 210,321
Other Professional Services 200,000
Administrative Allowance 250,000
='t -
: �::-r � -- - - -- - _ - =�660 32A:r�,. ERATIN PENSES� -
1,692;882
+rY.t=,�-....:-.-. aa—:..._:4,.,_,�,,._._.�_C:.«-y:..r_G......,.... .i..___.�:..-_ - C.;:x -- :"->-✓=Y.rr�'/'
2.-
t.4:
.,.=�:...r.....;.•-.,.,d.,K--.^�:.:y«;,.^._....xis....• _r.�......:.rr..-�.,....,-=•,a.:<-......-.>.:,�_...,..:_...�..—_- _ - _
Revenue=Summa -s..,.::.,;,:.::...,.:,,;_;�:.�<....::.:x:.. ..•.. .._.:.-~ - _ -- .��•_,- _5_-: d tom,-_K;-;
Administrative Allowance 250,000
Other Funds 11442,882
Total. 1,692,882
Significant Changes
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% or 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" and dissolution of the Redevelopment Agency that exceed the administrative cost allowance will be funded by
Other Funds, pursuant to State rules and the City's Cost Allocation Plan pursuant to the Federal Office of Management
and Budget's OMB A-87 requirements. 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. 2013-04
STATE OF CALIFORNIA
COUNTY OF ORANGE ) ss:
CITY OF HUNTINGTON BEACH )
I, JOAN L. FLYNN 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 September 16, 2013 and that is was so adopted by
the following vote:
AYES: Sullivan, Hardy, Harper, Boardman, Carchio, Shaw, Katapodis
NOES: None
ABSENT: None
ABSTAIN: None
f �
y
ClejV of The Successor ency to
the Redevelopment Agency of the
City of Huntington Beach, California
its'.
t.
r � y.
x'P•.si tl or A `enc Success
�g r.w'
�:YNI�SU�v°ir'i6f f'
`d`rn'nistrative Budet' R �, ;.
nYx i a
M
�'� 1 �B'wcl °etsSumma�
q
wx •..%'> Vie' .: ::;' :>
$..'f` Pk
r
„�"- .Z�:f, %".W'� '�' ,.i� M'^<.:,a^§� "�� K .y:iie.•:...? "=,u,t' -•s :dr ,w e,`'&'I.. ��,5'..
u
�;�rr�>Evc',.,a ;� .r,;�a, :F.°✓a;.�v,�.,_,., �r.�.n��" .�,n,��^�_>�..�,..��.,��,�_,".� ,a......,,_..� �,.� �" �nsc`':
M1211,V ➢R�,:.i^ter wre �,x
�:✓.�., � ,'� s�.�,��.�1�� ��-..._,
Nz,, rest nc ..:Li'�^�. v„°� _'ly`�,y`P' .oy._ "'xi•>;;::;�
:.ROPS�:3-1�. .��'�:R0�51:3-'#hB-;...
m
EzpendttureObjecf „ccountF �, mA'?Budge# ;; ` ., Bug Budge -
RORFA�dmiiiistrationaso► `
PERSQNALaSER1/ICES 4 sue.
Salaries/Benefits-Permanent 421,335 /198,716 412,510
PER5ONAL5ERUICES _,, :,, M, ,. . _;£ 2„,.r35 ,.' _ ., :a � .,l2 5.,
-OPERXTING-2EXPENSE_S 3 n'
Legal Services /60, , 75,000 75,000
Other Professional Services 100,000 100,000
Administrative Allowance 250,000 250,000
TOO,
p< ;, f; "fix, 785=762= '623'71.fi 837 540
y�
. rs�.=.,x � _ ^_,�sa�.. �
in4%.%SJ3V`a1.NY}re a;fi � ,-t'. Fa„,=• x ., �f,eE'<<;�s=sm'�:W::;.��;:fir:, y>�.f,-,:.'.� �'''
-
;>�"�
a
E,a
.,s,r:6nf�� � .��f.::a:�:�Gw; ` � .F�>`b;�< e«�'Y C�1 ':�'✓'e5'� 1 ��,
np
Re ,enU $
:;:,�: ,,..,, ,,.�-,�*,•� ..�a Bud eta '; :�B
Administrative Allowance 304,106 250,000 _ 250,000
Other Funds 481,656 373,716 587,510
':: .. ,: r:M w- 785;7.6 %
Significant Changes
Pursuant to AB x126 and AB 1484, th uccessor Agency receives RPTTF funding from the County Auditor-Controller to
pay Enforceable Obligat'ions., The S ccessor Agency also receives a 3% or minimum of$250,000 for administration of
the winding down of the former R evelopment Agency per fiscal year. Administrative"costs associated with the "wind
down" and.dissolution of the.R evelopment,Agency that exceed the administrative cost allowance will be funded by
Other Funds;•pursuant.to.Sta rules. Administrative expenses include: personnel costs,"legal, and other professional
services expenses associate with the dissolution and administration'of the Successor Agency.
xB -289- Item 13. - 18