2014-10 4W RESOLUTION NO. 2014- 10 5A
A RESOLUTION OF THE CITY OF GRAND TERRACE AS SUCESSOR
AGENCY TO THE GRAND TERRACE COMMUNITY
REDEVELOPMENT AGENCY APPROVING A RECOGNIZED
OBLIGATION PAYMENT SCHEDULE COVERING THE PERIOD JULY
1, 2014 TO DECEMBER 31, 2014 (ROPS 14-15A) 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, at.
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 for a six-month period; 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, the California Department of Finance has required a submittal of the
ROPS covering the period July 1, 2014 to December 31, 2014 (ROPS 14-15A), in
accordance with AB 1484 to be submitted by March 1, 2014; and
WHEREAS, on February 25, 2014, the ROPS for the period July 1, 2014 to
December 31, 2014 (ROPS 14-15A), pursuant to HSC Section 34177(1), was
considered by the City as Successor Agency.
NOW THEREFORE, THE CITY OF GRAND TERRACE AS SUCESSOR
AGENCY TO THE GRAND TERRACE 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 ROPS for the period July 1, 2014 to December 31, 2014 are true and correct and,
accordingly, are hereby considered enforceable obligations.
SECTION 3. Pursuant to HSC Section 34177, the ROPS for the period July 1,
2014 to December 31, 2014, incorporated herein as Attachment A, ('BOPS 14-15K) 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 ROPS 14-15A, as attached, which may be
necessary and appropriate.
SECTION 5. The Executive Director is hereby directed to take all necessary and
appropriate acts to submit the ROPS 14-15A to the Oversight Board for the Successor
Agency for its consideration and adoption. 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 6. The City Clerk shall certify to the adoption of this Resolution.
4 PASSED APPROVED AND ADOPTED this 25'h day of February, 2014 by the following
vote:
AYES: Council Member Sylvia Robles, Jackie Mitchell, Darcy
MCNaboe and Mayor Walt Stanckiewitz
NOES: None
ABSENT: None
ABSTAIN: None
Walt Stancki6wirz, Mayor
ATTEST:
Charlene Sherwood, Interim City Clerk
Attachment A
Recognized Obligation Payment Schedule (ROPS)
For the Period July 1, 2014 to December 31, 2014
4
(ROPS 14-15A)
4
r f
Recognized Obligation Payment Schedule(ROPS 14-15A) -Summary
Filed for the July 1,2014 through December 31,2014 Period
Name of Successor Agency: Grand Terrace
Name of County: San Bernardino
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): 9 600,750
B Bond Proceeds Funding(ROPS Detail) 480,000
C Reserve Balance Funding(ROPS Detail) 120,750
D Other Funding(ROPS Detail) -
E Enforceable Obligations Funded with RPTTF Funding(li $ 1,409,133
F Non-Administrative Costs(ROPS Detail) 1.209,133
G Administrative Casts(ROPS Detail) 200,000
H Current Period Enforceable Obligations(A+E): $ 2.009,883
Successor Agency Self-Reported Prior Period Adjustment to Current Period RPTTF Requested Funding
I Enforceable Obligations funded with RPTTF(E): 1,409,133
J Less Prior Period Adjustment(Report of Prior Period Adjustments Column S) (200,557)
K Adjusted Current Period RPTTF Requested Funding(I-J) f 1,208,576
County Auditor Controller Reported Prior Period Adjustment to Current Period RPTTF Requested Funding .
L Enforceable Obligations funded with RPTTF(E): 1,409,133
M Less Prior Period Adjustment(Report of Prior Period Adjustments Column AA)
N Adjusted Current Period mi Requested Funding(L-M) 1,409,133
Unification of Oversight Board Chairman:
re Pursuant to Section 34177(m)of the Health and Safety code, I Name Title
m hereby certify that the above is a true and accurate Recognized
W Obligation Payment Schedule for the above named agency.
/s/
m Signature Date m
re
Attachment: ROPS 14-15A Letter Format 02-2D-14 (Adoption of Resolution Approving the Successor Agency's Recognized Obligation Payment
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Attachment: ROPS 7475A Letter Format 02-20.74 (Adoption of Resolution Approving the Successor Agency's Recogniutl Obligation Payment
Recognized Obligation Payment Schedule(ROPS)14-15A-Report of Cash Balances
(RBpM Amounts In Whole Dollars)
Formal to Health and Safety Code vectlon 341 P(I),Redevelopment ProceM Tax Trust Fund(RPTTF)may be listed as a source of payment on the ROPS,but only to Me extent no other funding source is available or when payment tom
prippearty tax revenues is reouired by an entorreable obligation.
IAI B C 0 I E F G H
Fund Sources
Bond Proceetls Reserve Balance Olhar RPTTF
Prior ROPS Rent.
RPTTF Grants,
Bonds Issued Bonds Issued Prior ROPS period tlbmZed as Interest Designamd
or before or eker balances and OOR rve for next Fontls for Economic Nun-Atlmin and
Cash Balance Informal by ROPS Period on 12J31110 01,01111 balances retained bond payment Day.Agreement Atlmin Commends
IROPS 13dMAfutla 1117101113-=1I131
irming Available Cash Bell(A a
1 Regan of PrioMet for r Period Pedal Adiustments(PPASI should til co0umosJ and Oin the I .746]42 907,730 1.(,4.315 16,752I
that the RPi
2 from m Me Counts Auditia-Complley donna June 2013nts should tie to the 513-14A distribution
uti I I 1.353,531
ations
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Note tthat for the RPTTF,3,4 should tie tocolummussL and OAin that I I 1.299.9)8
4 )Retention of Available Cash Balance(Actual 12I31I13)
Nom Mat the RPTTF amount should only include the retention of reserves
for debt semce prominent in ROPS 13-14A
ROPS l31
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S NNooe that Me PTTF amount should tax lto pro Sin Me Renoir of I No entry required! I 2W 55y
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0 IC Actual 2 JJ4X=(1 2e3 n05) S - S 16.741fi 2lS getting S - S 1.044.3751S f130.2501I
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Menthe Countr Aush.s inalerdunno Januarv2014 302342
9 Esperanto—for 13.14E Emanuel Obligations(Estimate 061
t102.264
10 Retention f Available Caah Balance(Estimate Ono
Nom that Ma RPTTF amounts mayy include the retention off reserves for
debt service approved In ROPS 13-14B
Ong Estimated Available Cash eafenp(r+8.940) S -� S 16.046]42 S 907.7" S 1.044.375 $ 1729.61511
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AVant: ROPS 14-15A Letter Forfnat 02-20-14 (Adoption of Resolt Approving the Successor Agency's ReVIzed Obligation Pa/ nt-
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� Attachment:ROPS 1415A Leiter Format 02.20.14 (Adoption of Resolution Approving the Successor Agency's Recognized Obligation Payment c
Recognized Obligation Payment Schedule 14-15A- Notes
July 1, 2014 through December 31, 2014 1
Item# Notes/Comments
ROPS DETAIL FORM #40: Request funding for the Michigan Street Improvements -Phase 2; The Agency is
resubmitting this item as this phase of the project was established under ABx1 26 redevelopment dissolution law,
Item 40 not AB1484.
ROPS DETAIL FORM #48: Request funding for additional pass-through payments owed to San Bernardino
Item 48 Community College District for FY2008-09 and 2009-10.
ROPS DETAIL FORM #49: Request funding for Admin Allowance for the successor housing entity for$150,000 or
Item 49 1% of the RORF allocation per AS 471.
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AttVent:ROPS 1415A Letter Format 02-20.14 (Adoption of Resoll, Approving the Successor Agency's ReCLnized Obligation PaY nt