HomeMy WebLinkAboutAdopt Successor Agency Resolution Nos 2023-01 and 2023-02 Ap 19PP&ov7 7-0
"a00ING,„ , 2000 Main Street,
Huntington Beach, CA
92648
, City of Huntington Beach
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File #: 23-018 MEETING DATE: 1/17/2023
REQUEST FOR SUCCESSOR AGENCY ACTION
SUBMITTED TO: Honorable Chair and Board Members
SUBMITTED BY: Al Zelinka, Executive Director
VIA: Sunny Rief, Acting Chief Financial Officer
PREPARED BY: Sunny Rief, Acting Chief Financial Officer
Subject:
Adopt Successor Agency Resolution Nos. 2023-01 and 2023-02 approving the Recognized
Obligation Payment Schedule (ROPS) and Administrative Budget for the Huntington Beach
Successor Agency for the period of July 1, 2023, through June 30, 2024, 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, 2021 through June 30, 2022. An
approved ROPS must be submitted to the County of Orange Oversight Board by January 24, 2023,
and then to the Department of Finance (DOF) by February 1, 2023. This is the fifth 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 $13,029,888 in funds to support existing legally required enforceable obligations for
FY 2023/24.
Successor Agency Recommended Action:
A) Adopt Resolution No. 2023-01 , "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, 2023, through June 30, 2024;" and,
B) Adopt Resolution No. 2023-02, "A Resolution of the Successor Agency to the Redevelopment
Agency of the City of Huntington Beach Approving the Recognized Obligation Payment Schedule for
the Period July 1, 2023 - June 30, 2024 (`ROPS 23-24')."
City of Huntington Beach Page 1 of 3 Printed on 1/11/2023
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File #: 23-018 MEETING DATE: 1/17/2023
Alternative Action(s):
Do not approve the recommended action(s) and direct staff accordingly. Per Health and Safety Code
Section 34179(j), the Successor Agency is required to submit the ROPS to the Countywide Oversight
Board and the Department of Finance by February 1st of each year. 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. Should the Agency fail
to submit the ROPS, expenditures totaling $6,192,043 would need to be covered through alternate
sources of funding in Fiscal Year 2023-24. The Agency would also postpone the receipt of
$6,837,845 in loan repayment funds to the Fiscal Year 2024-25 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's 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, 2021, through June
30, 2022, requests payment for enforceable obligations associated with the former Redevelopment
Agency's Tax Allocation bonds, development agreements, legal services, administrative, and other
miscellaneous costs. Of note, the ROPS also includes a request for funds in the amount of
$6,837,845 for repayment of a loan from the City to the former Redevelopment Agency for the
purchase of real property in 2009, approved as an enforceable obligation by the California Superior
Court on April 22, 2022. The amount is comprised of$5,170,931 in principal and $1,667,454 in
accrued interest at the three percent interest rate permitted by Health and Safety Code Section
34191.4(3). 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 24,
2023 meeting. The City must submit to the State DOF by February 1, 2023. The State DOF will
make its determination by April 15th. The City's ROPS will not be effective until approved by the State
DOF.
The Administrative Budget for the July 1, 2023, through June 30, 2024, 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:
City of Huntington Beach Page 2 of 3 Printed on 1/11/2023
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File #: 23-018 MEETING DATE: 1/17/2023
Financial Sustainability, Public Safety or Other
Attachment(s):
1. Resolution No. 2023-01, "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. 2023-02, "A Resolution of the Successor Agency to the Redevelopment
Agency of the City of Huntington Beach Approving the Recognized Obligation Payment
Schedule for the Period July 1, 2023 - June 30, 2024 (`ROPS 23-24')"
3. Recognized Obligation Payment Schedule (ROPS) FY 2023-24 Summary Slides
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RESOLUTION NO. 2023-01
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, 2023 THROUGH JUNE 30, 2024
WHEREAS, California Health and Safety Code section 34177(j) 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, 2023 through June 30, 2024
("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.
21-10769/242844 1
RESOLUTION NO. 2023-01
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, 2023.
Chairperson
REVI WED AND :/'P OVED:
Exec: Dit'or
APPROVED AS FORM:
G eral Legal Counsel K/
21-10769/242844 2
RESOLUTION NO. 2023-01
EXHIBIT A
ADMINISTRATIVE BUDGET FOR THE PERIOD
JULY 1, 2023 THROUGH JUNE 30, 2024
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21-10769/242844 3
Resolution No. 2023-01
Exhibit"A"
Successor Agency
Administrative Budget
Department Budget Summary
Other Funds by Object Account
OTHER FUNDS
Expenditure Object Account ROPS 23-24 Budget
RORF Administration(350)
PERSONNEL SERVICES
Salaries/Benefits-Permanent 250,000
PERSONNEL SERVICES 250,000
Total 250,000
Revenue Summary ROPS 23-24 Budget
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. 2023-01
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 regular meeting held on January 17, 2023 and that is was so adopted
by the following vote:
AYES: Board Members: Kalmick, Moser, Van Der Mark, Strickland,
McKeon, Bolton, Burns
NOES: Board Members: None
ABSENT: Board Members: None
ABSTAIN: Board Members: None
Clerk of The Successor Agency to
the Redevelopment Agency of the
City of Huntington Beach, California
RESOLUTION NO. 2023-02
A RESOLUTION OF THE SUCCESSOR AGENCY TO THE
REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH
APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE
FOR THE PERIOD JULY 1, 2023 —JUNE 30, 2024 ("ROPS 23-24")
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, 2023 and continuing through June 30, 2024 ("ROPS 23-24") which is
attached hereto as Exhibit A; and
After reviewing ROPS 23-24, 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 23-24; 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 23-24 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 23-24 on the Successor
Agency website once approved by the Oversight Board to the Successor Agency; (ii) transmit
ROPS 23-24 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 23-24 as may be necessary to submit ROPS 23-24 in any modified form required by DOF,
and ROPS 23-24 as so modified shall thereupon constitute ROPS 23-24 as approved by the
Successor Agency pursuant to this Resolution.
23-12323/299904 1
RESOLUTION NO. 2023-02
4. The Successor Agency authorizes the Executive Director, or designee, to make
such non-substantive changes and amendments to ROPS 23-24 as may be approved by the
Executive Director of the Successor Agency and its legal counsel, ROPS 23-24 as so modified
shall thereupon constitute ROPS 23-24 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, 2023.
L'? i4D
Chairperson
REVIEW: ►` AND A"Re ED:
Executive i'rector 111111111
APPROVED AS TO FORM:
eneral Legal Counsel ill)
23-12323/299904 2
EXHIBIT A
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
FOR THE PERIOD JULY 1, 2023 THROUGH JUNE 30, 2024
("ROPS 23-24")
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Resolution No. 2023-02
Exhibit"A"
Huntington Beach
ROPS 2023-24 Annual
Summary. Detail Cash Balances Submission
Requested Funding for Obligations 23-24A Total 23-24B Total ROPS Total
A Obligations Funded as Follows(B+C+p) 132,058 0 132,058
B Bond Proceeds 0 0 0
C Reserve Balance 132,058 0 132,058
D Other Funds 0 0 0
Redevelopment Property Tax Trust Fund
E 8,969,592 3,928,238 12,897,830
(RPTTF)(F+G)
F RPTTF 8,844,592 3,803,238 12,647,830
G Administrative RPTTF 125,000 125,000 250,000
H Current Period Obligations(A+E) 9,101,650 3,928,238 13,029,888
hitps://esd.dof.ca.gov/rad/Wrops/annual/summary 1/1
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Huntington Beach
BOPS 2023-24 Annual
Summary. Detail Cash Balances Submission
Filter Export to Excel
Agreement Agreement Total Total
Execution Termination Outstanding Requested
Item a Obligation Name Obligation Type Date Date Payee Description Obligation Funding Notes
,q 2 Hyatt Regency OPA/DDA/Construction 09/14/1998 09/30/2023 PCH Beach Disposition and
Huntington Beach Resorts LLC Development Agreement
Project approved on September 14,
1998 for the Waterfront
Development
d 3 2002 Tax Allocation Bonds Issued On or 06/19/2002 08/01/2024 Bank of New Tax Allocation Bonds Debt 2,575,000 982,000
Refunding Bonds Before 12/31/10 York Trust Co. Service Payments
9 4 1999 Tax Allocation Bonds Issued On or 01/12/1999 08/01/2024 Bank of New Tax Allocation Bonds Debt 1,190,000 453,625
Refunding Bonds Before 12/31/10 York Trust Co. Service Payments
p 5 2002 Tax Allocation Fees 11/17/2010 06/30/2024 Arbitrage Tax Allocation Bonds 500 500
Refunding Bonds Compliance arbitrage rebate calculation
Specialist -Federal IRS Compliance
9 6 1999 Tax Allocation Fees 11/17/2010 06/30/2024 Arbitrage Tax Allocation Bonds 500 500
Refunding Bonds Compliance arbitrage rebate calculation
Specialist -Federal IRS Compliance
p' 8 2002 Tax Allocation Fees 06/19/2002 08/01/2024 Bank of New Tax Allocation Bonds- 1,600 1,600
Refunding Bonds York Mellon Payment to Fiscal Agent
,q 9 1999 Tax Allocation Fees 01/12/1999 08/01/2024 Bank of New Tax Allocation Bonds- 1,600 1,600
Refunding Bonds York Mellon Payment to Fiscal Agent
®' 12 Emerald Cove 2010 Bonds Issued On or 05/13/2010 09/01/2021 US Bank Emerald Cove 2010 Series 6,837,845 6,837,845
Series A Lease Before 12/31/10 A Lease Revenue
Revenue Refunding Refunding Bonds Debt
Bonds Service Payments
7 14 Strand Hotel and OPA/DDA/Construction 06/01/1999 09/30/2033 CIM Group,LLC Property Tax Sharing 4,970,141 677,904
Mixed-Use Project, and Kane Agreement under the
Parking& Ballmer and Disposition and
Infrastructure Berkman Development Agreement
(DDA)for development of
hotel,retail,restaurant,and
public parking structure.
The Implementation of the
DDA and the Sixth
Implementation Agreement
were entered into from
June 1999 to November
2008.
15 Strand Project OPA/DDA/Construction 01/20/2009 09/30/2033 CIM Group,LLC Property Tax Sharing 337,219 49,576
Additional Parking Agreement under the
Disposition and
Development Agreement
(DDA)and Sixth
Implementation Agreement
for the Strand projects
parking structure
authorized on January 20,
2009.
https://esd.dof.ca.gov/rad/#/roes/annuaVdetail 1/4
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Agreement Agreement Total Total
Execution Termination Outstanding Requested
Item It Obligation Name Obligation Type Date Date Payee Description Obligation Funding Notes
,9 17 Pacific City-Very Low OPA/DDA/Construction 10/16/2006 11/26/2024 Makar 15%affordable housing
Income Units Properties requirement pursuant to
Attachment 5 of the Owner
Participation Agreement
approved on October 16,
2006.Of the 15%required
housing obligation,5%
very-low income housing is
to be developed by the
Housing Authority.The
Developer is required to
provide the remaining 10%
on site.
,0 21 Abdelmudi Owner OPA/DDA/Construction 05/28/1991 12/31/2017 Abdelmudi Owner Participation
Participation Development Agreement/Rent
Agreement/Rent Company Differential Agreement
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.
P 29 Bella Terra Parking OPA/DDA/Construction 10/02/2000 09/30/2025 Bella Terra Property Tax Sharing 3,487,056 2,347,103
Infrastructure Property Associates LLC Agreement required under
Tax Sharing the terms of the Owner
Agreement Participation Agreement
(dated 10/2/2000)and
Second Implementation
Agreement(dated
9/17/2007)for the
development of the
Huntington Center(Bella
Terra).Includes legal
requirements to enforce
obligation.
,9 30 Bella Terra Phase II OPA/DDA/Construction 10/04/2010 07/01/2036 Bella Terra Agreement approved on 12,130,583 1,417,635
Property Tax Sharing Villas,LLC and October 4,2010 for
Agreement Kane Ballmer construction of a 467
Berkman mixed-use unit project.
Construction is complete
and financed by property
tax allocations.Includes
legal requirements to
implement obligation.
/ 50 Enforcement of Admin Costs 02/01/2012 11/26/2040 Successor Successor Agency 250,000 250,000
Successor Agency Agency,Kane administrative obligations
dissolution Ballmer,Keyser relating to maintaining
compliance and Marston,and payments on enforceable
monitoring per AB Davis Farr Pet obligations and other
1X26 and AB1484 al activities as required by AB
1X26
• 64 Successor Agency Dissolution Audits 11/04/2013 08/01/2024 Davis Farr LLP Statutorily required annual 10,000 10,000
Financial Statement financial statement audit
Audit of Successor Agency.
,4' 76 Waterfront Hyatt Project Management 12/01/2015 09/30/2016 HB Staffing Project Management Costs
Regency Hotel(Parcel Costs for Consultant to draft
5),Waterfront Hilton documents for the
Hotel/Parcel C(Parcel disposition of Successor
6 and 7) Agency property under the
LRPMP and prepare draft
documents
• 77 Waterfront Hyatt Project Management 07/08/2012 07/08/2016 Kane Ballmer& Legal Costs for outside
Regency Hotel(Parcel Costs Berkman counsel to negotiate terms
5),Waterfront Hilton for the disposition of
Hotel/Parcel C(Parcel Successor Agency property
6 and 7) under the LRPMP and draft
various documents
including Purchase and
Sale Agreement
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Agreement Agreement Total Total
Execution Termination Otrtstanding Requested
!tern a Obligation Name Obligation Type Date Date Payee Description Obligation Funding Notes
78 Waterfront Hyatt Project Management 06/15/2010 09/30/2017 Keyser Marston Economic Analysis
Regency Hotel(Parcel Costs services to prepare
5),Waterfront Hilton financial analysis to
Hotel/Parcel C(Parcel negotiate terms for the
6 and 7) disposition of Successor
Agency property under the
LRPMP
4 90 Unfunded CaIPERS Unfunded Liabilities 06/30/2011 11/26/2026 CaIPERS Unfunded CaIPERS
Pension Liabilities pension obligation as per
CaIPERS actuarial
valuation as of June 30,
2016
9 91 Unfunded Unfunded Liabilities 09/30/2011 11/26/2026 US Bank Unfunded actuarial
Supplemental accrued liability as of
Retirement Liabilities September 30,2013 as per
actuarial valuation by
Bartel Associates,LLC.
, 92 Unfunded OPEB Unfunded Liabilities 06/30/2011 11/26/2024 CalPERS/CERBT Unfunded actuarial -Liabilities accrued liability as of June
30,2013 as per Bartel
Associates,LLC.
9 93 Land Sale Emerald City/County Loan(Prior 05/18/2009 10/01/2030 COHB Park A&D Legally Binding Operative
Cove 06/28/11),Property Fund Agreement Principal
transaction Amount-S1,740,834,
Interest Rates 3%,Debt
Incurred on May 18,2009
A 95 Huntington Center City/County Loan(Prior 06/09/2005 10/01/2030 City of Land and Right-of-way
Redevelopment Plan 06/28/11),Property Huntington acquisition costs
development transaction Beach connected with the
Gothard-Hoover Extension
project and development of
a public storage facility
9 96 Main-Pier City/County Loan(Prior 09/10/2005 10/01/2030 City of Costs incurred to acquire
Redevelopment 06/28/11),Property Huntington land within the Main-Pier
Project Phase II transaction Beach project area for Phase II
development projects
• 97 Development of City/County Loan(Prior 06/04/1990 10/01/2030 City of Costs incurred to acquire
Downtown Main-Pier 06/28/11),Property Huntington land within the Main-Pier
project area transaction Beach project area to implement
the construction of parking
facilities within the
Downtown Main-Pier area
9 98 Third Block West City/County Loan(Prior 06/18/2005 10/01/2030 City of Relocation,property
commercial/residential 06/28/11),Property Huntington acquisition,and other
project transaction Beach project costs associated
with the Third Block West
Condominium/Retail/Office
project in the Main-Pier
Redevelopment project
area
,p 99 Second Block Alley City/County Loan(Prior 06/10/2005 10/01/2030 City of Property acquisition cost -and Street 06/28/11),Property Huntington associated with the
Improvement Project transaction Beach Second Block alley and
street improvement project
100 Strand Project City/County Loan(Prior 06/18/2005 10/01/2030 City of Relocation costs paid to
06/28/11),Property Huntington Wind and Sea Surf Shop
transaction Beach
9 101 Pierside City/County Loan(Prior 05/15/1992 10/01/2030 City of Relocation costs paid to
Hotel/Retail/Parking 06/28/11),Property Huntington Terry's Coffee Shop and
Structure Project transaction Beach First Interstate Bank
9 102 Waterfront City/County Loan(Prior 03/01/1989 10/01/2030 City of Costs related to the -
Commercial Master 06/28/11),Property Huntington relocation,buyout,and
Site Plan transaction Beach demolition of Driftwood
and Pacific Mobile Home
Parks related to the
Waterfront Commercial
Master Site Plan
• 103 Strand Project City/County Loan(Prior 10/19/1992 10/01/2030 City of Property acquisition costs
06/28/11),Property Huntington associated with the Strand
transaction Beach Project
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Agreement Agreement Total Total
Execution Termination Outstanding Requested
Item P Obligation Name Obligation Type Date Date Payee Description Obligation Funding Notes
6i, 104 Operative Agreement City/County Loan(Prior 06/17/2002 10/01/2030 City of Loan repayment for - -
for the Huntington 06/28/11),Other Huntington advance made on capital
Beach Redevelopment ' Beach projects in FY 2004/05
Project
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Huntington Beach
ROPS 2023-24 Annual
sum rrmary Detail Cash Balances Submission
Pursuant to Health 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 required by an enforceable obligation.For tips on how to complete
the Report of Cash Balances Form,see Cash Balance Tip&.
Export to Excel Note:Cash Balances data is auto-saved.
July 1,2020 through June 30,2021
(keport Amounts in Whole Dollars)
A B D E F G H
Fund Sources
Bond Proceeds Reserve Balance Other Funds RPTTF
ROPS 20-21
Cash Balances Prior ROPS RPTTF and Rent, Non-Admin
(07/01/20- Bonds issued on or before Bonds issued on or after Reserve Balances retained Grants, and
06/30/21) 12/31/10 01/01/11 for future period(s) Interest,etc. Admin Comments
Beginning 17,006 74,212 1,602,447
Available Cash
Balance(Actual
07/01/20)
RPTTF amount
should exclude
"A"period
distribution
amount
2 Revenue/Income 5,152,462
(Actual
06/30/21)
RPTTF amount
should tie to the
ROPS 20-21
total distribution
from the County
Auditor-
Controller
3 Expenditures for 17,006 74,212 6,296,904
ROPS 20-21
Enforceable
Obligations
(Actual
06/30/21)
4 Retention of
Available Cash
Balance(Actual
06/30/21)
RPTTF amount
retained should
only include the
amounts
distributed as
reserve for
future period(s)
5 ROPE 20-21 No entiy required 325,947
RPTTF Prior
Period
Adjustment
RPTTF amount
should tie to the
Agency's ROPS
20-21 PPA form
submitted to the
CAC
haps://esd.dof.ca.gov/rad/#/rops/annuaVcash-balance 1/2
1/11/23,10:52 AM RAD
6 Ending Actual $ 0 $ 0 $ 0 $ 0 $ 132.058
Available Cash
Balance
(06/30/21)
CtoF=(1+2.3
-4),G=(1+2-3
-4-5)
https://esd.dof.ca.gov/rad/#/roes/annuaVcash-balance 2/2
Successor Agency
Res. No. 2023-02
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 regular meeting held on January 17, 2023 and that is was so adopted
by the following vote:
AYES: Board Members: Kalmick, Moser, Van Der Mark, Strickland,
McKeon, Bolton, Burns
NOES: Board Members: None
ABSENT: Board Members: None
ABSTAIN: Board Members: None
60-40t, 9,6"baniatu)
Clerk of The Successor Agency to
the Redevelopment Agency of the
City of Huntington Beach, California
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