2013-10 RESOLUTION NO. 2013- 10 SA
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, 2013 TO DECEMBER 31, 2013 (ROPS 13-14A) AS REQUIRED BY
HEALTH AND SAFETY CODE SECTION 34177
WHEREAS, AB x1 26 required the dissolution of all redevelopment agencies in
the state; and
WHEREAS; on January 10, 2012, the City of Grand Terrace adopted Resolution
2012-01 electing to serve as the Successor Agency to the Grand Terrace Community
Redevelopment 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, _2013 to December 31, 2013 (BOPS 13-14A), in
accordance with AB 1484 to be submitted prior to March 1, 2013; and
WHEREAS, on February 12, 2013, the ROPS for the period July 1, 2013 to
December 31, 2013 (ROPS 13-14A), attached as Attachment A was considered by the
City as Successor Agency pursuant to HSC Section 34177.
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, 2013 to December 31, 2013 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,
2013 to December 31, 2013, incorporated herein as Attachment A, is hereby approved,
adopted, and incorporated by reference in substantially the form as shown in
Attachment A by the City as Successor Agency pursuant to HSC Section 34177.
SECTION 4. The. Executive Director is hereby authorized to perform all acts
necessary to be in compliance with ABx1 26; AB 1484; the requirements set forth by the
California Department of Finance, the San Bernardino County Auditor-Controller, or any
other applicable agency; and any other relevant law. This includes, but is not limited to
submitting the approved ROPS for the period July 1, 2013 to December 31, 2013 to the
Oversight Board for review and approval and to any other relevant agency pursuant to
the Health & Safety Code and any other relevant law. The Executive Director is further
authorized to make non-substantive changes as maybe necessary and required by the
Department of Finance, or any other relevant agency, to the ROPS for period July 1,
2013 to December 31, 2013 prior to submission to the Oversight Board.
SECTION 5. The Agency Secretary shall certify to the adoption of this
Resolution.
PASSED APPROVED AND ADOPTED this 12th day of February, 2013 by the following
vote:
AYES: Councilmembers McNaboe, Mitchell and Robles; Mayor ProTTem
Sandoval and Mayor Stanckiewitz
( NOES: None
ABSENT: None
ABSTAIN: None
Walt Stan 'ewitz, Chair
ATTEST:
Tracey R. artinek; Agency retary
i
Attachment A
Recognized Obligation Payment Schedule (ROPS)
For the Period July 1, 2013 to December 31, 2013
i
(ROPS 13-14A)
OOOOOOSUCCESSOR AGENCY CONTACT INFORMATION
1 Successor Agency
ID: 260
County: San Bernardino
Successor Agency: Grand Terrace
Primary Contact
Honorific(Ms,Mr, Mrs)
First Name Cynthia
Last Name Fortune
Title Finance Manager
Address 22795 Barton Road
City Grand Terrace
State CA
Zip 92313
Phone Number 909-430-2216
Email Address cfortune@cityofgrandterrace.org
Secondary Contact
Honorific(Ms,Mr,Mrs)
First Name Betsy
Last Name Adams
Title City Manager
Phone Number 909-430-2240
Email Address badams@cityofgrandterrace.org
SUMMARY OF RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Filed for the July 1,2013 to December 31,2013 Period
Name of Successor Agency: GRAND TERRACE(SAN BERNARDINO),
Outstanding Debt or Obligation Total
Total Outstanding Debtor Obligation $73,862,474
Current Period Outstanding Debt or Obligation Six-Month Total
A Available Revenues Other Than Anticipated RPTTF Funding $1,087,491
B Enforceable Obligations Funded with RPTTF $2,130,919
C Administrative Allowance Funded with RPTTF $125,000
D Total RPTTF Funded(B+C=D) $2,255,919
E Total Current Period Outstanding Debt or Obligation(A+B+C=E)Should be some amount as ROPS form six-month total $3,343,410
F Enter Total Six-Month Anticipated RPTTF Funding $1,788,934
G Variance(F-D= G)Maximum RPTTFAllowable should not exceed Total Anticipated RPTTF Funding ($466,985)
Prior Period(July 1,2012 through December 31,2012) Estimated vs.Actual Payments (as required in HSC section 34186(a))
H Enter Estimated Obligations Funded by RPTTF(lesser of Finance's approved RPTTF amount including admin allowance or the actual amount distributed) $1,437,405
1 Enter Actual Obligations Paid with RPTTF $1,164,643
J Enter Actual Administrative Expenses Paid with RPTTF $125,760
K Adjustment to Redevelopment Obligation Retirement Fund(H-(I+J)=K) $147,002
L Adjustment to RPTTF (D-K=L) $2,108,917
Certification of Oversight Board Chairman: l 2� (� L ^r A PJC 1'e ili ij l� % "Z/
Pursuant to Section 34177(m)of the Health and Safety code, Na a Title
I hereby certify that the above is a true and accurate Recognized
Obligation Payment Schedule for the above named agency. /s/-
Signature Date
Oversight Board Approval Date:
GRAND TERRACE(SAN BERNARDINO)
RECOGNIZED OBLIGATION PAYMENT SCHEDULE(ROPS U-14A)
July 1,2013 through December 31,2013
Funding Source
Total Due During
Contract/Agreare-t Cpntract/Agreement Total Outstanding Fiscal Year
ItemR Project Name Debt Obligation Execution Date Termination Date Payee Description/Project Scope Project Area Debt or Obligation 2013-14 Bond Proceeds Reserve Balance Admin Allowance RPTTF Other Six-Month Total
$73,862,474 $7,266,145 $480,000 $607,491 $125,WD $2,130,919 $0 $3,343,410,
1 2011 A Tax Allocation Band 2011 Bond Indenture - 9/1/2033 Us Bank Bond Principle and Interest an RDA Bonds Grand Terrace 27,465,408 1,112,395 0 0 0 698,298 0 698,298'
2 20118 Tax Allocation Bond 12011 Bond Indenture 9/l/2026 US Bank Bond Principle and Interest on RDA Bonds Grand Terrace 8,769,470 630,128 0 0 0 4360735 0 436,735,
3 Trustee Fees 12011 Bond Indenture 9/1/2033 US Bank Trustee Fees Grand Terrace 266,530 22,115 0 0 0 B4OD0 0 8,000
�4J Zion L.an 7/1/2005�9/1%2020 Zion Firs(NStionailBank3'fiFlGle Ref�tlingT,ofl6Rp Dab ra re raer a �51=01�01�01 01�01 0'
5 Repay mentof Debt Servic 1/28/2012 2/28/2021 SBValley Muni Water Repayment Incorrect debt service distrib by-SBC ATC Grand Terrace 1,829,584 236,4DO 0 0 1 0 0 0 0
6 Professional Services On-going On-going City News Group Advertising/Noticing Grand Terrace 22,5D0 2,500 0 0 0 0 0 0
7 Consulting Services 7/13/2010 1/31/2013 Chamber of Commerce Business Development Services Grand Terrace 1,000 1,000 0 0 0 0 0 D?
8 Professional Services On-going On-going Professional Appralsers Property Appraisal Services Grand Terrace 200,DDO 20,000 0 0 0 10,000 0 Lot=
9 Professional Services 4/12/2011 On-going JACE Weed Abatement Weed abatement for Agency awned pmperty Grand Terrace 100,000 20,000 0 0 0 10,000 0 10,000
10 Professional Services - On-going- On-going Urban Futures S.E.C.Rule 150-12 Compliance Requirement-Bonds Grand Terrace 70,000 7,000 0 0 0 3,500 0 3,500
11 Professional Services On-going On-going Omni/Orrick IRC sec.148(f)Compliance-Arbitrage Rebate Calculation Grand Terrace 60,000 6,000 0 0 01 3,000 0 3,D00,
12 Agency Owned Property Various On-going Various contractors Property Maintenance and Insurance-Agency Property Grand Terrace 60,000 20,000 0 0 0 20,000 0 20,000
13 2011A TABS Debt Service Reserve 2011 Bond Indenture 9/1/2033 US Bank DSR-Bond Covenant Requirement Grand Terrace 1,113,195 1,113,195 0 0 0 0 0 0.
14 2011B TABS Debt Service Reserve 2011 Bond MT-ture 9/1/2026 US Bank OSR'-Bond Covenant Requirement Grand Terrace 641,795 641,785 0 0 0 0 0 OI
15 Professional Services-ROA wind down 9/1/2012 1/31/2013, Rogers Anderson Melody Due Diligence Reporting/Review H&S 34179.5 Grand Terrace 0 0 0 0 0 0 0 01
26 SA Legal consulting(Not,15) 10/1/2011 On-going Jones&Mayer Legal Counsel under H&534177.3(b) Grand Terrace 600,000 60,000 .0 0 0 30,000 0 30,ODD
�17f 2013A3TABS'.BondlPrnlect5 3)13/2012�3%1.3/2015'kNetib'.ffiAs e'♦✓1fi fii-F-!9lJeeftyp Sa a en:ltli'a.IB�D ROI'Ujada��Fa`dJTN,a e �01 01-01 01 01�Of 01 0
�181 2011A3TABS'Bond!P_roj- --G-i[actors/Staffer South ecgpro cFa'�eiVDflaSl�LLre sCUdy'TaT¢k8E`sigg�(•i�dLT ai��01�01�01�01�61�01�G7 0,
W191 2011A3TABS�EO dl P,role`[k� Contractors/St'afJ�S'oulh 4 La+oJGCCa[Ea IS(rab[tl'loture�ap s[ruetl6'G tI.OQrcace �Oa 01�01�01�01�Oj�01 0'
�01 2011A3TASS,B0_ndlPF_oject'--Eontractom/StSff�Bar p1R dlinlrash'cLu ar Imps eFit`s�G[agi'7. act`9 0�01 0�01�61�0]�0;�Oj�01 0
�211 2011A.1TASSIBondi ProleCts --c6n ractim/Sfat�rvJliblBBn'i5t{€e(;Im fuVem tiMc5nst atylo' ci' 1Tesacn �01---01�01�09 o1�01 col 0'
�221 2013AVA85!BondlGF.lects --Contractors/$t'aff-U_nlo]P,a'elfrc/Ba[tof1Ro`ad�,b�lif8" onFtfTiatl3'GT1aT1UITef{ace'��0]�0]�0]-07 0]�0]�01 0
�231 2013A3TA35'6ond I Profect'--Cont`(actors/Staff ilar9l:d�ajR tMetjfe U•,V Bgle !o,aOtljMaln,$f�GI'a[H�FrpaT Ta'�01�O1 01 �01 01
�241 2011A3TABS16pnd(Project'--Gonlrac[ors(St'afJ�fvl[r{V<MTu Tsitlpo,stabTJ1[@f7DA G fi fTeirace7�01�01�01 0, ®01 0
�251 2011AVTABS':BandlPrajeas Coplracton/3faaff�V0fKGtaOnaFPar l Dn GSa�IdLTe[naCe��01�01�01 D`I�01�01�01 01
26 2011A TABS Payment Reserve Debt Service AB 1484 IS
Bank Reserve as per H&S 34171(d)(3)IA)-bond debt service Grand Terrace 414,098 414,099 0 414,098 0 0 0 414,098:
272011B TABS Payment Reserve Debt Service JAB 1484 US Bank Reserve as per H&534171(d)(1)IA)-bond debt service Grand Terrace 193,393 193,393 0 193,393 0 0 0 193,393
�281 SERA&Loan LMIHF�RESERVE-4/26/2011�4/26/2016�LMIHF�PepO ment'ofl o('-a0 f 6SERA'FFZResolF�G[SgdrTerS E'er�01�01�01 IMMENN"01 01 1�01�0] - 0'
29 Stater Brothers OPA(Note 7) 2/22/2011 2/22/2016 Stater Brothers Markets Payment on participation agreement Grand Terrace 1,044,375 241,500 0 0 0 120,75D 0 120,7501
�30i Resiilu I R -tots(Note 2)-2/24/2009 2/24/2033�Cigof GrandlTerlace AffSdable'dloTising@a Jn00Tagr4PmonlrF,$?QY"Lt13'Gfa`ndlT,erfac7�01 O1 01 01 01 E�01�01 0 i
31.Employee Costs On-going 10m.goi,g Personnel Costs Agency direct employee costs Grand Terrace 4,945,ODD 193,380 0 0 96,69D 0 0 96,69D
32 Employee Costs-PERS On-going On-going Perso nnel Costs Agencydirect employee costs-PERS Grand Terra 1,000,000 56,620 0 0 28,310 0 0 28,310'
33 Office Rent/Cost Allocation On-going On-going Participation Agreement G&A Indirect overhead cost allocation-17-A Grand Terrace 7,389,90D 0 0 0 0 D 0 01
34 Cost Allocation-Adm O/H Liab ins On-going On-going Participation Agreement G&A Admin Indirect O/H Insurance-17% Grand Terrace 430,100 0 0 0 0 0 0 0
35 Consulting Services On-going On-gaing RSG Reporting and Administrative Services Grand Terrace, 135,000 13,500 0 0 0 6,750 0 6,750
36 Consulting Services On-going On-going jHDL Property Tax Reporting Services Grand Terrace 22,500 2,500 0 0 of 2,250 0 1,250,
37 Office Costs/Supplles/Misc. On-going On-going Various Administrative supplies and costs Grand Terrace 60,OD0 6,000 0 0 0 0 0 0'
38 Annual Audit and Reporting On-going On-going Rogers Anderson Melody Required annual auditing services Grand Terrace 40,000 4,000 0 0 0' 4,000 0 4,000
17-A 2011A TABS Bond Projects 3/13/2012 3/13/2015 Webb&Assoc(Note 17-A) Michigan Street Improvements:design and ROW acq. Grand Terrace 480,000 480,000 480,000 0 0 0 0 480,000,
18-A 2013A TABS Bond Projects 3/13/2012 3/13/2015 Contractors/Staff(Note 18-A) Grand Terrace Project CIP(Items 18 through 251 Grand Terrace 13,030,000 1,000,000 0 0 0 0 0 01
28-A SERAF Loan LMIHF-Reserve(See Notesl 4/26/2011 4/26/2016 LMIHF(Nete2&A) Repayment of loan for SERAF-Reserve Grand Terrace 448,636 448,636 0 0 0 448,636 0 448,536
30-A Residual Receipts 2/24/2009 2/24/2033 City of Grand Terrace(Net,30-A)Affordable housing payment agreement-FY2012-13 Grand Terrace 3,ODO,000 300,CDO 0 0 0 300,000 0 300,0001
39 Property Disposition Plan Pending Pending Contractor(Note 39) Preparation of property disposition plan for housing assets Grand Terrace 30,000 30,000 30,000 30,0001
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GRAND TERRACE(SAN BERNARDINO)
RECOGNIZED OBLIGATION PAYMENT SCHEDULE(ROPS 13-14A)--Notes(Optional)
July 1,2013 through December 31,2013
Item# Notes/Comments
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17 Item 17 was denied by DOF;this is for the design &right-of-way phase of the Grand Terrace project area.The City is resubmitting this line item for
reconsideration/approval to use the bond proceeds for this project.This item has been relisted as Item 17-A below.
18 Items 18-25 were denied by DOF;this is the Grand Terrace project area.The City is resubmitting this line item for reconsideration/approval and is listed as
part of Item 18-A below.
19 Items 18-25 were denied by DOF;this is the Grand Terrace project area.The City is resubmitting this line item for reconsideration/approval and is listed as
part of Item 18-A below.
20 Items 18-25 were denied by DOF;this is the Grand Terrace"project area.The City is resubmitting,this line item for reconsideration/approval and is listed as
part of Item'18-A below.
21 Items 18-25 were denied by DOF;this is the Grand Terrace project area.The City is resubmitting this line item for reconsideration/approval and is listed as
part of Item 18-A below.
22 Items 18-25 were denied by DOF;this is the Grand Terrace project area.The City is resubmitting this line item for reconsideration/approval and is listed as
part of Item 18-A below.
GRAND TERRACE(SAN BERNARDINO)
RECOGNIZED OBLIGATION PAYMENT SCHEDULE(ROPS 13-14A)--Notes(Optional)
July 1,2013 through December 31,2013
Item# Notes/Comments
23 Items 18-25 were denied by DOF;this is the Grand Terrace project area.The City is resubmitting this line item for reconsideration/approval and is listed as
part of Item 18-A below.
24 Items 18-25 were denied by DOF;this is the Grand Terrace project area.The City is resubmitting this line item for reconsideration/approval and is listed as
part of Item 18-A below.
25 Items 18-25 were denied by DOF;this is the Grand Terrace project area.The City is resubmitting this line item for reconsideration/approval and is listed as
part of Item 18-A below.
26
27
28 HSC Section 34176(e) (6) (B)states that loan or deferral payments (SERAF loan)shall not be repaid to the LMIHF prior to the.2013-14 fiscal year. ROPS 13-14A
is for the 2013-14 fiscal year;this item is being resubmitted for consideration and is listed as Item 28-A below.
29
30 Item 30 was denied by DOF;the Residual Receipts Agreement payment of$300,000 is being resubmitted as an obligaton from RPTTF and is shown as Item 30-A
below.
31
32
33
34
35
36
37
38
17-A Resubmittal of Item 17.The Agency is resubmiting Item 17 as Item 17-A as this phase of the project was established under ABx126 redevelopment dissolution
law, not AB1484.
18-A Resubmittal of Items 18 through 25.The Agency is submitting Items 18-25 as Item 18-A; pursuant to HSC section 34191.4(c)these items could be enforceable
obligations in the future after the Agency receives a Finding of Completion.
28-A Resubmittal of Item 28.The Agency is resubmitting Item 28 as Item 28-A in FY2013-14 pursuant to HSC section 34176(e)(6)(B).
30-A Resubmittal of Item 30.The Agency is resubmitting Item 30 as Item 30-A pending a Finding of Completion and Oversight Board finding to re-establish the loan
agreement, per the DOF's October 19, 2012 ROPS3 Determination Letter.
1 � �
GRAND TERRACE (SAN BERNARDINO)
RECOGNIZED OBLIGATION PAYMENT SCHEDULE(ROPS 13-14A)-=Notes(Optional)
July 1, 2013 through December 31,2013
Item# Notes/Comments
39 An RFP will be issued to select contractor.
10PS2 T/U#4 The Zion Loan payment was approved in ROPS2 based on the DOF Letter dated 05-11-12 and the DOF ROPS aproval letter dated 05-25-12.