2018-02 SA RESOLUTION NO. 2018-02 - SA
A RESOLUTION OF THE CITY OF GRAND TERRACE AS
SUCCESSOR AGENCY TO THE COMMUNITY REDEVELOPMENT
AGENCY APPROVING THE LAST AND FINAL RECOGNIZED
OBLIGATION PAYMENT SCHEDULE (ROPS) COVERING THE
PERIOD JULY 1, 2018 TO JUNE 30, 2034 AS REQUIRED BY HEALTH
AND SAFETY CODE SECTION 34177
WHEREAS, the Grand Terrace Community Redevelopment Agency, Grand
Terrace, California ("Agency") was formed for the purpose of revitalizing areas within
the City of Grand Terrace pursuant to Health and Safety Code (HSC) Section 33000, et.
Seq.; and
WHEREAS, AB x1 26 required the dissolution of all redevelopment agencies in
the state; and
WHEREAS, on January 10, 2012, the City adopted Resolution 2012-01 electing
to serve as the Successor Agency to the Grand Terrace Community Redevelopment
Agency ("Successor Agency") pursuant to HSC Section 34176; and
WHEREAS, a Recognized Obligation Payment Schedule (ROPS) is defined in
HSC Section 34171(h) as the minimum payment amounts and the due dates of
payments required by enforceable obligations; and
WHEREAS, the ROPS identifies the payment source of enforceable obligations
as payable from the Redevelopment Property Tax Trust Fund (RPTTF) and payable
from Other Sources of the Successor Agency; and
WHEREAS, pursuant to the Dissolution Act, the Successor Agency has
approved and adopted a Recognized Obligation Payment Schedule (" ROPS") yearly,
setting forth the Enforceable Obligations of the Successor Agency for the coming
twelve-month period; and
WHEREAS, the California Department of Finance has required a submittal of the
ROPS covering the period July 1, 2018 to June 30, 2019 (ROPS 18-19), in accordance
with AB 1484; and
WHEREAS, the City of Grand Terrace as Successor Agency to the Community
Redevelopment Agency has met and duly considered the Last and Final Recognized
Obligation Payment Schedule for the period July 1, 2018 to June 30, 2034 (Last and
Final ROPS).
2018-02-SA Reso Page 1 of 4 April 10, 2018
NOW THEREFORE, THE CITY OF GRAND TERRACE AS SUCCESSOR
AGENCY TO THE COMMUNITY REDEVELOPMENT AGENCY DOES RESOLVE,
DETERMINE, FIND AND ORDER AS FOLLOWS:
SECTION 1. The City as Successor Agency finds that the above recitations are
true and correct and, accordingly, are incorporated as a material part of this Resolution.
SECTION 2. The City as Successor Agency finds that all obligations listed on
the Last and Final ROPS for the period July 1, 2018 to June 30, 2034 are true and
correct and, accordingly, are hereby considered enforceable obligations.
SECTION 3. Pursuant to HSC Section 34177, the Last and Final ROPS for the
period July 1, 2018 to June 30, 2034, incorporated herein as Attachment A, ("Last and
Final ROPS") is hereby approved and adopted in substantially the same form as shown
in Attachment A by the Successor Agency.
SECTION 4. The Executive Director is hereby authorized to make such non-
substantive changes and adjustments to the Last and Final ROPS, as attached, which
may be necessary and appropriate.
SECTION 5. The Adoption of the Last and Final ROPS is based upon the
following findings:
1. The Agency received its Finding of Completion on May 9, 2013;
2. All remaining obligations as reflected on the ROPS have been previously
listed on a ROPS and approved for payment by the DOF (Health and
Safety Code Section 34191. 6(a)(2)); and
3. The Successor Agency is not a party to any outstanding or unresolved
litigation (Health and Safety Code Section 34191. 6(a)(3)).
SECTION 6. The Agency finds that the administrative costs included in the Last
and Final ROPS are reasonable.
SECTION 7. The Executive Director is hereby directed to take all necessary and
appropriate acts to submit the Last and Final ROPS to the California Department of
Finance, State Controller's Office, San Bernardino County Auditor-Controller, and any
other agency as required. The Executive Director is further authorized to perform all
acts necessary and appropriate which may be required by the California Health &
Safety Code. This includes, but is not limited to, the requirements set forth by the
California Department of Finance, the San Bernardino County Auditor-Controller, or any
other applicable agency.
SECTION 8. The Successor Agency Secretary shall certify to the adoption of
this Resolution.
2018-02-SA Reso Page 2 of 4 April 10, 2018
PASSED, APPROVED AND ADOPTED by the City of Grand Terrace as
Successor Agency to the Community Redevelopment Agency at a regular meeting held
on the 10"' day of April 2018.
rcy c a hair
ATTEST:
r
Debra L. Thomas, Successor Agency Secretary
2018-02-5A Reso Page 3 of 4 April 10, 2018
Attachment A
Last and Final
Recognized Obligation Payment Schedule (ROPS)
For the Period July 1, 2018 to June 30, 2034
2018-02-SA Reso Page 4 of 4 April 10, 2018
Last and Final Recognized Obligation Payment Schedule (ROPS) - Summary
Filed for the July 1, 2017 through June 30, 2048 Period
Successor Agency: Grand Terrace
County: San Bernardino
Initial ROPS Period ROPS 17-18A
Final ROPS Period ROPS 46-47B
Total Outstanding
Requested Funding for Enforceable Obligations Obligation
A Enforceable Obligations Funded as Follows(B+C): $ 17,363,755
B Bond Proceeds 17,363,755
C Other Funds -
D Redevelopment Property Tax Trust Fund (RPTTF)(E+F): $ 13,578,928
E RPTTF 13,443,428
F Administrative RPTTF 135,500
G Total Outstanding Enforceable Obligations (A+D): $ 30,942,683
Certification of Oversight Hoard Chairman: Darcy McNaboe Oversight Board Chair
Pursuant to Section 34177 (o)of the Health and Safety code, I
hereby certify that the above is a true and accurate Recognized m&1 Title
Obligation Payment Schedule for the above named agency. /s/
ig ture 7 Date
Grand Terrace Last and Final Recognized Obligation Payment Schedule(BOPS)-ROPS Detail
July 1,2017 through June 30,2048
A Period B Period
Jul -December January-June
Fund Sources Fund Sources
ROPS Period Bond Proceeds Other Funds RPTTF Admin RPTTF Six-Month Total ROPS Period Bond Proceeds Other Funds RPTTF Admin RPTTF Six-Month Total Twelve-Month Total
$ 15,672,240 $ _ $ 9,092,108 $ 135,500 $ 24,899,848 $ 1,741,515 $ - $ 4,301,320 $ - $ 6042.835 $ 37 942.683
BOPS 17-IBA - - $ ROPS 17-188 - - S - $
BOPS 18-19A 2,026,585 1.210,178 13,000 $ 3,249.763 ROPS 18-19B 821,959 - $ 821 959 $ 4,071.722
BOPS 19-20A 1,226,521 13,000 $ 1,239.521 ROPS 19-206 798,741 $ 798.741 $ 2,038,262
BOPS 20.21A 1,251,303 13,000 $ 1,264.303 ROPS 20-21B 687,959 87,934 - $ 775 893 $ 2,040.196
BOPS 21-22A 525,115 748,340 13,000 S 1,286.455 BOPS 21-22B 99,330 417,650 - $ 516.980 $ 1,803.435
BOPS 22-23A 539,330 - 758,650 10,000 $ 1.307,980 ROPS 22-23B 82,390 407,450 $ 489,840 $ 1,797.820
BOPS 23-24A 557,390 768,450 10,000 $ 1,335,840 RODS 23-24B 64,103 394,850 $ 458,953 $ 1,794,793
BOPS 24-25A 579,103 775,850 10,000 S 1,364,953 ROPS 24-25B 44,275 381,650 S 425,925 $ 1,79U,878
ROPS 25.26A 599.275 787,650 10.000 $ 1,396,925 ROPS 25-26B 22,90E 366.336 $ 389,244 $ 1,786,169
ROPS 26-27A 617,908 803,700 7,000 $ 1,428,608 ROPS 26-27B 302.650 $ :kC2,850 $ 1,731.458
BOPS 27-28A 1,458,850 7,000 $ 1,465,850 ROPS 27-28B - - 267,900 $ 267 900 $ 1,733,750
ROPS 28.29A 944,981 553,919 7,000 S 1,505,900 ROPS 28-29B 221,700 9,000 $ 230,700 $ 1,736,600
ROPS 29-30A 1,531,700 4,500 S 1,536,200 ROPS 29-30B 182.400 - 9,000 $ 191 400 $ 1,727,600
ROPS 30.31A 1,572.400 4,500 S 1,576,900 ROPS 30-318 140,700 - 91000 S 149.700 $ 1.726,600
RODS 31-32A 1,615,700 4,500 $ 1,620,200 RODS 31-32B 96,450 9,000 $ 105,450 $ 1.725,650
ROPS 32-33A 1,656,450 4,500 S 1,660.950 ROPS 32-33B 99,300 9,000 $ 108,300 $ 1.769,250
ROPS 33.34A 1,655.000 4,500 $ 1,659,500 RODS 33-34B - - 9,000 S 9,000 $ 1.668.500
RODS 34-35A - $ RODS 34-35B - - $ . $ -
ROPS 35-36A $ ROPS 35-36B - $ - $
ROPS 36.37A - - $ ROPS 36-378 $ - $
ROPS 37-38A $ ROPS 37-38B - $ - S
ROPS 38-39A $ ROPS 38.393 $ - $
ROPS 39-40A - - $ ROPS 39-40B $ - $
RODS 40-41A - $ ROPS 40.41 B S - S -
ROPS 41-42A - - $ ROPS 41-42B $ - S
ROPS 42-43A - $ ROPS 42-438 $ - S
RODS 43-44A - $ ROPS 43.44E $ - $
ROPS 44.45A - - $ ROPS 44.45E $ - S
ROPS 45-46A - $ - ROPS 45-468 $ - S
ROPS AE.47A - S ROPS 46-47B $ - $
STATE OF CALIFORNIA
COUNTY OF SAN BERNARDINO
CITY OF GRAND TERRACE
I Debra L. Thomas, Successor Agency Secretary of the City of Grand Terrace as
Successor Agency to the Community Redevelopment Agency, DO HEREBY CERTIFY
that the foregoing Resolution, being Resolution No. 2018-02 SA was duly passed,
approved and adopted by the Successor Agency, approved and signed by the Chair,
and attested by the Successor Agency Secretary, at the regular meeting of said
Successor Agency held on the 101' day of April 2018, and that the same was passed
and adopted by the following vote:
AYES: Board Members Hussey, Henderson; Vice-Chair Robles; Chair
McNaboe
NOES_ Board Member Wilson
ABSENT: None.
ABSTAIN: None.
Executed this 11t" day of April 2018, at Grand Terrace, California.
Debra L. Thomas
Successor Agency Secretary
[SEAL]