2016-01 1 RESOLUTION NO. 2016-01
A RESOLUTION OF THE OVERSIGHT BOARD FOR THE
SUCESSOR AGENCY TO COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF GRAND TERRACE APPROVING
A RECOGNIZED OBLIGATION PAYMENT SCHEDULE
COVERING THE PERIOD JULY 1, 2016 TO JUNE 30, 2017
(ROPS 16-17) AS REQUIRED BY HEALTH AND SAFETY
CODE SECTION 34177
WHEREAS,AB xl 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
p
covering the period July 1, 2016 to June 30, 2017 (ROPS 16-17), to be submitted by February 1,
2016; and
WHEREAS, the Oversight Board for the Successor Agency to the Community
Redevelopment Agency of the City of Grand Terrace ("Oversight Board") has met and duly
considered a Recognized Obligation Payment Schedule for the period July 1, 2016 to June 30,
2017 (ROPS 16-17).
NOW THEREFORE, THE OVERSIGHT BOARD DOES RESOLVE, DETERMINE,
FIND AND ORDER AS FOLLOWS:
SECTION 1. The Oversight Board finds that the above recitations are true and correct-
and, accordingly, are incorporated as a material part of this Resolution.
SECTION 2. The Oversight Board finds that all obligations listed on"the_ROPS for the,"-,
period July 1, 2016 to June 30, 2017 (ROPS 16-17) are true and correct and, accordingly, aier
hereby considered enforceable obligations. =
O.B.RESOLUTION NO.2016-01 PAGE 1 OF 6 FEBRUARY 1, 2016
SECTION 3. Pursuant to HSC Section 34177, the ROPS for the period July 1, 2016 to
June 30, 2017, incorporated herein as Attachment A, ("ROPS 16-17") is hereby approved and
adopted.
SECTION 4. The Executive Director is hereby authorized to make such non-substantive
changes and adjustments to ROPS 16-17, 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 16-17 to the California Department of Finance, State
Controller's Office, San Bernardino County Auditor-Controller, and any other agency by the
February 1, 2016 submittal deadline. 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 Oversight Board Secretary shall certify to the adoption of this
Resolution.
PASSED APPROVED AND ADOPTED this 15` day of February, 2016 by the following
vote:
AYES: Board Members Freeman,Forbes, Saks,Vice Chair Morga, and
Chair McNaboe
NOES: None
ABSENT: Board Member Torres
ABSTAIN: None
Darc McNabo
versig t Board hair
ATTEST:
ParJacq `.z- res., /
Oversight-Bo Se re' ry
O.B.RESOLUTION NO. 2016-01 PAGE 2 OF 6 FEBRUARY 1,2016
o..
y
0
z Recognized Obligation Payment Schedule(ROPS 16-17)-Summary
Z Filed for the July 1,2016 through June 30,2017 Period
O ....... ....... .......
o Successor Agency: Grand Terrace
rn,. _ __.. ..... .. ..... ..... .... ... ... ., .. ... ... ....
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County: San Bernardino
.......16-17A Total.., 1671M Total
Current Period Requested Funding for Enforceable Obligations(ROPS Detail) (July-December) (January-June) ROPS 16-17 Total
A Enforceable Obligations Funded as Follows(B+C+D)'
B Bond Proceeds
. d
C Reserve Balance
D Other Funds — —
E Redevelopment Property Tax Trust Fund(RPTTF)(F+G): $ 1 308 768 $ 922100 -$ 2 230 868
F RPTTF 1183 768 797 100,`1 1 980'868'
O G Administrative RPTTF t :125,000 125,000.' 250,000's
h .
H Current Period Enforceable Obligations(A+E): $ " 1,308:768 $''' 921.100 $ 2,230,868
CeAif'ication of Oversight Board Chairman: Darcy' C a Oe,' Chair
Pursuant to Section 34177(o)of the Health and Safety code,I hereby
certify.that the above is a true and accurate Recognized Obligation Title
Payment Schedule for the above named successor agency. .. Q2/Q�'/�17 "''.. "
Sig "'Date
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Attachment A
Recognized Obligation Payment Schedule (ROPS)
For the Period July 1, 2016 to June 30, 2017 _
(ROPS 16-17)
O.B.RESOLUTION NO.2016-01 PAGE 3 OF 6 FEBRUARY 1, 2016
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Grand Terrace Recogn!zed.0bligation Payment Schedule(ROPS 16-17)-Report of Cash Balances
O.
(Report Amounts in Whole Dollars)
...
Pursuant to Health and Safety Code section 34177(1),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
O ..
property tax revenues is required by ari enforceable obligation. For tips on how to complete the Report of Cash Balances Form,see I INSERT URL LINK TO CASH BALANCE TIPS SHEET 7
C A I _ B L C I D I ... .E I.... F L. G L. H I. I
O Fund Sources ...
Z Bond.Proceeds ->..-.- Reserve Balance I Other I RPTTF'
N Prior ROPS Prior ROPS
' period balances RPTTF
a,, - ..
Bondsissued on and DDR RPTTF 'distributed as Rent, Non-Admin
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or before Bonds issued on ' balances reserve for future grants, and
Cash Balance Information by ROPS Period 12/31/10 or after 01/01/11 retained period(s) interest,etc. Admin Comments
ROPS 15-16A Actuals(07/01/1 5-12/3111 5)
1 (Beginning Available Cash Balance(Actual 07101/15) I: I• 19,639,913
2 Revenue/Income(Actual 12/31/15) .
RPTTF amounts should tie to the ROPS 15-16A distribution from the
County Auditor-Controller during June 2015.
1,420,068
3 Expenditures for ROP$15-16A Enforceable Obligations(Actual
9 12/31/16)
o\ 1,420,068
O 4 Retention of Available Cash Balance(Actual 12/31/15)
RPTTF amount retained should only include the amounts distributed as
reserve for future period(s)
5 ROPS 15-16A RPTTF Balances Remaining
No entry required
.... ......
6 IEnding:Actual Available Cash Balance:
I I I $,CtoG=(lt:2r?-'4),H=(1+2-3-4-5) $ L$... $
IROPS 15-16B Estimate(01/01/16-06130/16)
7.IBeginning Available Cash Balance(and H 051016)6)
(C'.D;E,G4+;6;F=H4+F4+F6 I,$ .. " I $1'19.6`39.913 $
$'
... 8 Revenue/Income(Estimate 06130116). .. .. .. ..
(County AuditortControl erRPTTF amouns should 'du�ing Ja the nuary 2016PS E distribution from the I. I I I I 975,280
n 9 Expenditures for ROPS'15-16B Enforceable Obligations(Estimate
triI06/30/16). 975,280
10 Retention of Available,Cash Balance(Estimate 06/30/16)
RPTTF amount retained should.only include the amounts distributed as
reserve for future period(s)
11
I'EndinEsti g mated Available Cash Balance(7+8-`9 10) {
I�$: -I;$_.:19,639,913I $ -I $' -I$ :I,..$
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