HomeMy WebLinkAboutAdopt Successor Agency Resolution Nos. 2021-03 and 2021-04 A J/.xj^
2000 Main Street,
Huntington Beach,CA
92648
City of Huntington Beach AggeovED -7-0
File #: 21-998 MEETING DATE: 12/21/2021
REQUEST FOR SUCCESSOR AGENCY ACTION
SUBMITTED TO: Honorable Chair and Board Members
SUBMITTED BY: Oliver Chi, Executive Director
PREPARED BY: Dahle Bulosan, Chief Financial Officer
Subject:
Adopt Successor Agency Resolution Nos. 2021-03 and 2021-04 approving the Recognized
Obligation Payment Schedule (ROPS) and Administrative Budget for the Huntington Beach
Successor Agency for the period of July 1 , 2022, through June 30, 2023, 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, 2022, through June 30, 2023. An
approved ROPS must be submitted to the County of Orange Oversight Board by January 25, 2022,
and then to the Department of Finance (DOF) by February 1, 2022. This is the fourth year that the
Successor Agency is submitting the annual ROPS to the Countywide Oversight Board.
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. The
ROPS requests $6,724,331 in funds to support existing legally required enforceable obligations for
Fiscal Year 2022/23.
Successor Agency Recommended Action:
A) Adopt Resolution No. 2021-03, "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, 2022, through June 30, 2023;" and,
B) Adopt Resolution No. 2021-04, "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, 2022 - June 30, 2023 ('ROPS 22-23')."
City of Huntington Beach Page 1 of 2 Printed on 12/15/2021
:cwe,A%Leg'Star-
File #: 21-998 MEETING DATE: 12/21/2021
Alternative Action(s):
Do not adopt the Resolutions and direct staff accordingly. Per Health and Safety Code Section 34177
(m)(2), the Successor Agency would 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.
Analysis:
As part of the 2011 Budget Act, as recommended by then Governor Jerry Brown, Legislature
approved the dissolution of the State's Redevelopment Agencies. After litigation, the California
Supreme Court ruled on the Dissolution Act that all redevelopment agencies in California were
dissolved effective February 1, 2012.
The Dissolution Act, AB 1484, and related legislation 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 ROPS for July 1, 2022 through June
30, 2023, 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 County Oversight Board and DOF has the authority to review the ROPS
and return it to the Successor Agency for reconsideration and modification, or to disallow payment for
a listed obligation.
The County Oversight Board will review and approve the City's current ROPS during its January 25.
2022, meeting. The City must submit to the State DOF by February 1 , 2022. The State DOF will
make its determination by April 15, 2022. The City's ROPS will not be effective until approved by the
State DOF.
The Administrative Budget for the July 1 , 2022, through June 30, 2023, budget reflects a total of
$250,000, which represents the maximum reimbursement to cities allowed by law for costs
associated with administering these obligations.
Environmental Status:
Not applicable.
Strategic Plan Goal:
Economic Development & Housing
Attachment(s):
1. Resolution No. 2021-03, "A Resolution of the Successor Agency to the Redevelopment Agency
of the City of Huntington Beach Approving the Successor Agency Administrative Budget"
2. Resolution No. 2021-04, "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, 2022 - June 30, 2023 (ROPS 22-23')"
City of Huntington Beach Page 2 of 2 Pnnted on 12/15/2021
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RESOLUTION NO. 2021-03
A RESOLUTION OF THE SUCCESSOR AGENCY TO THE
REDEVELOPMENT AGENCY OF THE CITY OF 1-IUNTINGTON BEACH
APPROVING THE SUCCESSOR AGENCY ADMINISTRATIVE BUDGET
FOR THE PERIOD JULY 1, 2022 THROUGH JUNE 30, 2023
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, 2022 through June 30, 2023
('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 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.
21-10769/242544 1
RESOLUTION NO. 2021-03
PASSED AND ADOPTED by the Successor Agency to the 12edevelopment Agency of
the City of Huntington Beach at a regular meeting thereof held on the 21st day of
December 12021.
Chairperson
\VED AND r\YYRO�VGD
Executive Director
APPROVED AST 7ORM:
e al Legal Counsel
21-10769/242844 2
RESOLUTION NO. 2021-03
EXHIBIT A
ADMINISTRATIVE BUDGE"F FOR THE PERIOD
JULY 1, 2022 THROUGH JUNE 30, 2023
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21-10769/242844 3
Resolution No. 2021-03
Exhibit "A"
Successor Agency
Administrative Budget
Department Budget Summary
Other Funds by Object Account
OTHER FUNDS
Expenditure Object Account ROPS 22-23 Budget
R_ORF Administration (360)
PERSONNEL SERVICES
Salaries/Benefits-Permanent 250,000
PERSONNEL SERVICES 250,000
Total, 250,000
Revenue Summary ROPS 22-23 Bud et
Administrative Allowance 250,000
Total 250,000
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% of actual distributed
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" and
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. 2021-03
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 December 21, 2021 and that is was so
adopted by the following vote:
AYES: Peterson, Bolton, Posey, Delgleize, Carr, Moser, Kalmick
NOES: None
ABSENT: None
ABSTAIN: None
Clerk of The Successor Agency to
the Redevelopment Agency of the
City of Huntington Beach, California
RESOLUTION NO. 2021-04
A RESOLUTION OF THE SUCCESSOR AGENCY TO THE
REDEVELOPIMENf AGENCY OF THE CITY OF HUNTINGTON BEACH
APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE
FOR THE PERIOD JULY 1, 2022 —JUNE 30, 2023 ("ROPS 22-23")
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 Juty 1, 2022 and continuing through June 30, 2023 ("ROPS 22-23") which is
attached hereto as Exhibit A; and
After reviewing BOPS 22-23, 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 22-23; 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 22-23 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 BOPS 22-23 on the Successor
Agency website once approved by the Oversight Board to the Successor Agency; (ii) transmit
RODS 22-23 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 22-23 as may be necessary to submit ROPS 22-23 in any modified form required by DOF,
and ROPS 22-23 as so modified shall thereupon constitute ROPS 22-23 as approved by the
Successor Agency pursuant to this Resolution.
21-10769/272833 l
RESOLUTION NO. 2021-04
4. The Successor Agency authorizes the Executive Director, or designee, to make
such non-substantive changes and amendments to ROPS 22-23 as may be approved by the
Executive Director of the Successor Agency and its legal counsel, BOPS 22-23 as so modified
shall thereupon constitute ROPS 22-23 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 21st day of
December , 2021.
Q
Chairperson
R VED AND APPROVED:
xecutive Director
APPROVED AS - RM:
e ra Legal Counsel
2 1-t 0769/272833 2
EXHIBIT A
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
FOR THE PERIOD JULY 1, 2022 THROUGH JUKE 30, 2023
("ROPS 22-23")
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Y
Recognized Obligation Payment Schedule (ROPS 22-23) - Summary
Filed for the July 1, 2022 through June 30, 2023 Period
Successor Agency: Huntington Beach
County: Orange
Current Period Requested Funding for Enforceable 22-23A Total 22-23B Total ROPS 22.23
Obligations (ROPS Detail) (July - (January - Total
December) June)
A Enforceable Obligations Funded as Follows (B+C+D) $ 338,230 $ 1,355,435 $ 1,693,665
B Bond Proceeds - -
C Reserve Balance 316,406 1,355,435 1,671.841
D Other Funds 21,824 - 21,824
E Redevelopment Property Tax Trust Fund (RPTTF) (F+G) $ 2,240,805 $ 2,789,861 $ 5,030,666
F RPTTF 2.115,805 2,664,861 4,780,666
G Administrative RPTTF 125,000 125,000 250,000
H Current Period Enforceable Obligations (A+E) $ 2,579,035 $ 4,145,296 $ 6,724,331
Certification of Oversight Board Chairman: Barbara Delgleize Mayor
Name Title
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/
Signature U Date
Huntington Beach
Recognized Obligation Payment Schedule(ROPS 2243)-ROPE Detall
July 1,2022 through June 30,2023
A B C D E F O H I J K M I N 0 Is O 5 U V w
_ ROPS 22-23A)Jul•Des) —
Obligation Agreement Agreement TOW ROPS
9etn ProJecl Name Execubon Termination Payee Desa"on pmpdOrNUMing Retlrod 22.23 Fund Sources 22-M land Source 22.230
N Type Date Date Am Obligation Total Toll Toed
Reserve Other AP r Reserve Admin
Balance Funds RPTTF RFTTF �� RPTTF RPTTF
s30.352,978 $6.724.331 $316.406 S21.924 S2.115.805$125.000 $2.S79.035
2 Hysa Regency OPAIDDA/ 09/14l 09/3WM PCH Beach DNpaeSbn and Merged 1.273.802 N $676.460 316.406 21.824 - 5338,230 338.230 - $338.230
IMaMlnpbn Construction 1990 Resorts LLC MsebplNnl
Beadn ProNQ Agreement
spprmed on
9epMnber 14.
190 for 9e
Yft*bmm
Devebpnwa
3 2002 Tax Bonds 06n9/ 08101/2024 Bank of New TM ABocYbn AAerped 3,753.125 N W61,975 W9,375 • $939.375 42.500 $42.500
Allocation IeeuW On or 2002 York Trust Bands Debt
Refunding Befce 121 Co. Sella
Bonds 31110 paymenh
4 1999 Tee Bonds 011121 09/O1r2024 Bank of New Tam Allocation Merged 1277.000 N $454.375 434,780 • s434,750 19.625 $19.625
Notation issued On or 1909 York Trust Bonds Debt
Refundng Bete 121 Co. SeMcxr
Bonds 31110 Prprens
5 2002 Tax Fees 11/171 OV 2021 Arbeope Test Allocation Merged 500 N s500 500 s5DD 5-
Placation 2010 Co n lone Bonds
Refunding Speciallsl arbilrega
Bonds rebels
Federal IRS
Canplianca
8 1999 Tax Fees 11117/ 06/30/2021 Arbitrage Tax Allocation Merged 500 N li 500 f500 L
Allocation 2010 Compliance Bonds
Refunding Specialist arbitrage
Bonds robes
calculation-
Federal IRS
Complienoe
8 2002 Tax Fees Milo 11MV2024 Bahr of Now Tex Allocation Merged 1.900 N $1.600 1.800 $1.600 S-
Allocation 2002 York Melon Bonds-
Refunding Payment b
Bags Feat Agent
9 1999 Tax Fees 011121 08NV2024 Bank of New Tea ABaalbn Merged 1.800 N 51.11M 1,111100 51,BOD i
Allocation /999 I York Mahn Bona- I LL I I
A B C D E F G H I J K M I N O P O S U v 1N
- NON 22-23A(Jul•Dee)
Agreement Agreement Total ROPE
Item O tan P 2Total 2b23B
a Project Name � � ExocuOon Terirunahon Payee Description �a 'I Outstanding Retired 22.23 Fund Source Total Fund Sources Total
Date Date I Obligation Total Reserve Other RPTTF Admm I Reserve RPTTF Adrtsn
Balance Funds RPTTF Balance RPTTF
Refunding Paymonl to
Bonds Fiscal Agent
12 Emerald Cove Bonds 05/131 09101/2021 US Bank Emerald Cow Merged N i i i
2010 Series A Issued On or 2010 2010 Series A
Lowe Before 121 Lease
Revenue 31110 Revenue
Refunding Refunding
Bonds Bonds Debt
Service
Payments
14 Strand Hotel OPA/DDAI 06/011 09/30/2033 CIM Group, Property Tax Merged 5,554,911 N $677.904 617.904 $677.904 i
and Mued-Use Construction 1999 LLC and Sharing
pro(sct, Kane Agreement
Parking& Balkner and under the
Infrastructure Berkman Disposibon and
Development
Agreement
(DDA)M
development of
holal.retail,
restaurant.and
public parkiN
structure.The
Implementation
of the DDA and
the Sixth
Implerrwntation
Agreement
were entered
into from June
199910
November
2008.
15 Strand Project OPA/DDA/ 011M 0913012033 CIM Group. Property Tax Merged 377.931 N $49,576 49,576 $49.576 - S-
Additional Construction 2009 LLC Sharing
Parking Agreemem
under the
Disposition and
Development
Agreement
(DDA)erW
Safi
Implementation
A B C D E F G N 1 J K M N O P O S U v W
ROPE 22.22A(Jul•Doe)
IIM Project Name Otion Execution Termination Payee Descnplon A Outstanding Retrred 22-17S Fund SourcesTOW TOW
fund P-1-d TOWSource
YPa Dew Date Total Reserve O0rer RPTTF �^kn Reserve RPTTF Adorn
Balance Funds RPTTF Balerroe RPTTF
Agreement for
the Staid
projects
W*eq
structure
eudlorfzed on
January 20.
2009.
16 Pacific City OPA/DDA/ 101161 10/16/2026 MaRar Owner Merged N i
Constmdion 2006 Properties a Participation
Kane Agreement
Ballmor and approved on
Berkman October 16.
2006 for future
development of
a 31-acre site
located at
Pacific Coast
Highway and
Fast Street and
financed by
property lax
allocations.
17 Pwft City- OPAODDA/ 10/161 11/2612024 Maker 15%affordable Merged N
Very Low Construction 2006 Properties housing
Irtoorrle Unite requirement
pursuant to
Attachment 5 of
the Owner
Participation
Agreemenl
approved on
October 16,
2006.OI the
15%required
fxxrsing
obi gation.5%
very-low
Irtcorrle housing
16 ID be
dawlopad by
01e Haug"
AuV o* The
A a C D E F G N I J K M I N 1 O P O a U V W
ROPE 2223A(JW•Dec(
Agreement Ag ment TOW ROPS
Ram Project Name OoT9ebon Execution Terminator, Payee Description Area
Outstanding Retired 2223 Fund Sources Fund Sourlaa �2>8
a type Date Date Ana Obbpbon TOW Total TOW
Reserve Odw RPTTF Admen Reserve RPTTF Adnkn
Balarxe Funds RPTTF Balance RPTTF
Dowel is
required to
provide the
remaining 101%
on ails
21 Abdelmudi OPA/DDA/ 05281 12/31/2017 Abdeanudi Owner Merged N i S- S•
Owner Construction 1991 Development Parbopaticn
Parbcrpalen Company 7WreemanV
Agreement/ Rent
Rent Ddferenael
Differential Agreement
Agreement approved on
May 28,1991
for the
development of j
the three story
budding at Ind
Oceam ew
Promenade.
The Third
Implemanytatlon
Amendment
took aged on
November 21,
1994,
29 Bella Tana OPA/DDA/ 101021 09IW2025 Bella Tema Property Tax Merged 4.964.951 N $2.256.830 3- 1.017.205 1,239,625 - $2.256.830
Parking Construction 2000 Associates Sharing
Infrastructure LLC Agreement
Property Tax required under
Sharing the terms of the
Agreement Owner
Partiapabon
Agreement
(dated 10/21
200g)and
Second
Implemantabon
Apeament
(dated 9/17/
2007)for the
development of
C~l
A B C D E F O N I J K M 1 N O P O $ U V w
ROPs 22,23A)Jul•009)
Agreement Agreement Total ROP$
Item Obligation
n Project 2Total 2Told
Protect Name Execution Terminatron Payee Oescnptron Outstanding Retired 22.27 Fund source fund$ollrpaa
a Type Date Date Area Oblgabon Total Reserve Otl1er RPTTF Total AOnin Rsssrva Tod RPT7F Admin
Balenoe Funds RPTTF Balrrce RPTTF
Tams) Includes
legal
re tusements to
enM1orca
oblgation
30 Bella Tema OPAlDDA/ 10AW 07/01/2036 Belts Tema Agreement Merged 12,867.058 N $1.363,111 L - 1.363.111 - $1,393.111
Pease II Canewcron 2010 Vdas,LLC approved on
Property Tex and Kane October 4,
Snaring Balbmr 2010 for
Agreement Berkman construcion of
a 467 mixed-
use unit
pmtacl
Construction m
complete and
Financed by
INoperty lax �
allocates.
Includes legal
requirements to
implement
obligation.
50 Enforcement of Admin Costs 021011 112672m Sucwsaor Successor Merged 250.000 N f250.000 - 125.000 $126.000 125.000 $125.000
Successor 2012 Agericy, Agency and
Agency Kam administrative SoutMesl
dissolution Balk7w. obligations co tw
compllancs and Keyser relating to
mendaring par Marston.and maintaining
AB 1 X26 and Dave Few P payments on
A01484 elal enforceable
obligations and
other actmdee
as re0ulred by
AB 1%25
54 Pacific Coy- OPA/DOA/ 10116/ 11(1sr2024 Housing SUM" Merged N i f• s-
Very Low Construction 21706 Autiwnty lroutung
Income Units obligation for
Pacific City
Protect
64 ISubbou"b"
Deabluod" 11A40ticlo' 21Davis Fart Statulonly Mergedf0.000 i10.000A Aunts 2013 LLP raRueed annual
FlmrlcW financi i
Slawrent slelenent audit
A B T C 0 E F G H I J K M Is O P O 8 U v W
ROPE 22-M(Jul•000
Agreement Agre ~I Total R0P8
Item OMgetion Protect 22-23A 2I.27B
a Project No" Type Eaecutbn TrKmriebon pay" Desrnptgn Area OutslarWrtg Renretl'.. 2283 Fund Bourns Tots) Furl Bourns Total
Dab Date Oblgatron Tow Reserve Oter h Admin Rasenve Mrren
Balance Funds RPTTF RPTTF Balance RPTTF RPTTF
Audit 01 Successor
Agency
-
is Wabrtram Protect 12tOlf OW301016 HS Staffing Prqecl MwpW N i - i S-
HyaB Regency Ma ngpnwnt 2015 Management
Hotel(Parcel Costs Costs for
S).Waterfront Consultant to
Ham Hobg draft
Parcel C documents for
(Parcel 6 end the disposition
7) of successor
Agency
property under
the LRPMP
and prepare
draft
dowmerps
77 Waterfront Protect OTAW 0710&2016 Kane I"Costs for Merged N i - - i - S.
Hyatt Regency Management 2012 Ballmer 8 outside counsel
Hotel(Parcel Costs Berkman to negotiate
5),Waterfront terns for the
Hilton HofeV dsposioon of
Parcel C Successor
(Parcel 6 and Agency
7) property under
Ow LRPMP
and draft
various
doanwnts
IMudng
Purchase and
See
Apew I
78 Waterfront Protect MIS/ 08l OODI7 Kayser Economic Merged N Ti i - it - - i
Hyaft Regency Managed 2010 Marston Anelyele
Hotel(Parcel Costs awvkas to
5),Waterfront praPwa
IYApn Fbbll financial
Parcel C analysis to
(Pwcel 6 and negotiate elms
7) for the
dMPOWW of
Successor
Nancy
A 8 C 0 E F G H I J K M N O P O 8 U V w
ROPD 22-23A(Jul-Dael
Agreement Agreement Total ROPE
Item Obligation Protect 22.22A 22.238
Protect Name Execution Termination Payee Description Outstanding Retired 22-23 Fund Sources Fund bourcaa
a Type Date Date 'tea Obligation TOW Reserve Otlar Total Admin Reserve TOW Admin
Balance Funds RPTTF RPTTF Balance RPTTF RPTTF
property under
as LRPMP
90 Unfunded Unfunded 06/30/ 11 M2026 CalPERS Unfunded Merged N } ¢ 1
CalPERS Liabilities 2011 CalPERS
Pension pension
LulDlAres obligation as
per CaFERS
actuarial
valuation as of
June 30.2016
91 Unfunded Unfunded 09/30/ 11126r2026 US Bank Unfunded Merged N s- F Tr
Supplemental Lubibties 2011 actuarial
Retirement accrued lability
Lahhtles as of
September 30,
2013 as par
actuarial
valuation by
Bartel
Associates.
L-C.
92 Unfunded Un/uroe0 0&301 11282024 CdPERSI Unfunded Merged NS-
OPEB Llobatiet 2011 CERBT actuarial
Liabilities accrued mi ldy
as of June 30,
2013 as per
Barrel
Associates,
LLC.
93 Land Sale Qry/Counry 06/11Y 10,101/2030 COHB Part Legally Bindwig Merged N L - - L - S-
Emerald Cove Loan(Prow 2009 ASD Fund Operative
06/2&11(, Agree nanl
Property Principal
transaction Arnounl-
31.y40.B34,
Interest Rates
3%.Debt
Marred on
May IB,2009
95 Huntington iCeylCanry OfYO& 1001/2030 CMof Land and Merged N S• S- - S•
Center Loan(Prior 2W5 Hur&Vton RIgat-of-way
Redsvelopnent OWMll), I I I Beach acquisition
A a C D E F O N 1 J K M I N O P O a U v w
-_ ROPa 22.23A(Jul•Dee)
Agrearnent Agreemanl Trial ROPa
Item ot OtType ay" DwApbfon Prgacl Outswiding Retired 22.23 Fund Sources 23 23A Fund aoureaa 2i23a
Project Name Esewbon Terrrunalbn P
a Type Dare Data Area Obligation TotalRvownre Toby TOW
Balance Funds RPTTF RDOW PTTTTF Balancee RPTTF Ran
Plan _ Property cash
devebpnent transaction 001aMCMd VAM
Vta Oconard.
II00VM
EsMrbn
Prolate and
dw.bPawn of
a PUWe
abraga facility
90 Main-pwr ,Crty/Counry 0911Dl 1010120D0 Cayof Coatiacurred Merged N
Redevelopment Loan(Prior 2OD5 Hunington to acquire land
Propcl Phase OF2a111). Beam weMn the Main-
property Pier projad
transaction arms for Phase
a de"Itipinent
ProPola
97 Develcpmenl of City/County OMW 1 010 1/2 0 3 0 City of Come Incurred Merged N i s- i
Downtown Loan(Prior 1990 HWMVtDn to acquire lwnd
MalnPier OW&II). Beach widen d»Men-
protect area Property Pier p,
ine emabon area,b
inPlw m the
cormirYetlon of
par"
bcMlas witlMn
ds Dowrft"
- _NThal Boca Clty/Cpu dy 0 I& 101012030 CM of -.. Rabcadm. Merged I _ - N — _ _ -- i i
West Loan(Prior 2005 Huntngton property
corrvnercwu 062em), Beach acquisition,and
residential Property Oder protect
project transaction coat
aeaociaeed With
dr Third Bbca
MIA
Condwrinium'
Rataiypfbce
project in the
Man-Prat
RedeveloPnvnt
project area
99 Samrld BbM CAylCounry O O/ 10/012030 City of Property Merged N
AMy and Loan(Prior 2005 Hunarglon acquisition cost
A B - _C O E F O H I J K M N O P 0 S i U V W
Agreement Agreement Total gOP3 ROPE 22-23A(Jul-Dec)
Item obligationProject 2223A 22Q38
Protect Name Execution Termination Payee Description Outstanding Retired 21.23 Fund Sources Total Source
a Type Data Date Area Obligation Total Total - Total
Reserve Funds RPTTF Admen l Reserve RPTTF Ad7n
Balance Funds RPTTF Balance RPTTF
Street-- -- -�0&28/11), Beach associated with
Improvement Property are Second
Project transaction Block alley and
street
improvement
project
100 Strand Propcl City/County 06/1& 1&012030 City of Relocation Merged N S S. 3-
Loaart lPrgr 2005 Huntngton costs paid lo
OB/2&11). Beam Wind and Sea
Property Surf Shop
transaction
101 Pierside Hotel, CitylCounty, OSy15/ 10/012030 City of Relocation Merged N L S• 3-
Retat Parking Loan IP6or 1992 Huntingtonn costs paid to
Strudwe 06i2&111, Beach Terry s Coffee
Pr0JW Property Shop and Fast
transaction Interstate Bank
102 Waterfront CitylCounly, 03/O7/ 10/012030 City of Costs related to Merged - N 1 - - - - f• - L
Commercial Loan(Prgr 1989 Hunbngton the relocation,
Master Site 00628111). Beach buyout.and
Plan Property demoktion of
nansacaon Driftwood and
Pacific Mobile
Home Parks
related to the
Waterfront
Commercial
Master Site
Plan
103 Strand Protect City/County 1&191 10/012030 City of Property Merged - Nf-
Loan(Prior 1992 Huntington acquisition
0628/11), Beach costs
Property associated with
transaction the Strand
Project
104 Operatic+ City/County Own 1N012O30 Cityol Loan ----Southeast N
Agrea ry rd for Lean(Prim 2002 Mntinow fapayfrlent for coastal
the Akm4kglon 062&11), Beech advance shade
Beech IDllw on caplW
RetlavabpnMrtl Prohcte In Fr
Project I I I2001/OS
Huntington Beach
Recognized Obligation Payment Schedule (ROPS 22-23) - Report of Cash Balances
July 1,2019 through June 30, 2020
(Report Amounts in Whole Dollard
Pursuant to Health and Safety Code section 34171(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 required by an enforceable obligation.
A B C D E F G H
Fund Sources
Bond Proceeds Reserve Balance Other Funds RPTTF
Prior ROPS
ROPS 19-20 Cash Balances
(07101119-06/30/20) Bonds issued Bonds issued RPTTF anndd
Comments
Reserve Rent,grants, Non-Admin
on or before on or after
12131/10 01/01/11 Balances retained interest,etc. and Admin
for future
penod(s)
1 Beginning Available Cash Balance(Actual 07/01119) 1,247,936 169,574 1,672,047
RPTTF amount should exclude"A"period distribution
amount.
2 Revenuelincome(Actual 06/30120) 124,863 6,567,061
RPTTF amount should lie to the ROPS 19-20 total
distribution from the County Auditor-Controller
3 Expenditures for ROPE 19.20 Enforceable Obligations 1,247.936 103.039 6.296.904
(Actual 06130120)
4 Retention of Available Cash Balance(Actual 06130/20) 169.574
RPTTF amount retained should only include the amounts
distributed as reserve for future period(s)
5 ROPS 19-20 RPTTF Prior Period Adjustment 270,363
RPTTF amount should tie to the Agency's ROPS 19-20 PPA No entry required
form submitted to the CAC
6 Ending Actual Available Cash Balance [M30120) i- F i- 11121,824 $1,671,641
CtoF=(1+2-3.4),Ge(1 +2.3.4•5)
Successor Agency
Res. No. 2021-04
STATE OF CALIFORNIA
COUNTY OF ORANGE ) ss:
CITY OF HUNTINGTON BEACH )
I, J 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 December 21, 2021 and that is was so
adopted by the following vote:
AYES: Peterson, Bolton, Posey, Delgleize, Carr, Moser, Kalmick
NOES: None
ABSENT: None
ABSTAIN: None
Clerk of The Successor Agency to
the Redevelopment Agency of the
City of Huntington Beach, California