2018-01 RESOLUTION NO. 2018-01 OB
A RESOLUTION OF THE OVERSIGHT BOARD FOR THE SUCCESSOR
AGENCY TO THE COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF GRAND TERRACE APPROVING A RECOGNIZED
OBLIGATION PAYMENT SCHEDULE COVERING THE PERIOD JULY
1, 2018 TO JUNE 30, 2019 (ROPS 18-19) 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, 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 Successor Agency to the Community Redevelopment Agency
approved the Recognized Obligation Payment Schedule for the period July 1, 2018 to
June 30, 2019 (ROPS 18-19) on January 9, 2018; and
WHEREAS, the Oversight Board for the Successor Agency to the Community
Redevelopment Agency of the City of Grand Terrace has met and duly considered a
Recognized Obligation Payment Schedule for the period July 1, 2018 to June 30, 2019
(ROPS 18-19).
NOW THEREFORE, THE OVERSIGHT BOARD FOR THE SUCCESSOR
AGENCY TO THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF
GRAND TERRACE DOES RESOLVE, DETERMINE, FIND AND ORDER AS
FOLLOWS:
2018-01 OB Page 1 of 3 January 17, 2018
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, 2018 to June 30, 2019 (ROPS 18-19) 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,
2018 to June 30, 2019 (ROPS 18-19), incorporated herein as Attachment A, ("ROPS
18-19") is hereby approved and adopted in substantially the same form as shown in
Attachment A by the Oversight Board.
SECTION 4. The Executive Director is hereby authorized to make such non-
substantive changes and adjustments to ROPS 18-19, 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 18-19 to the California Department of Finance,
State Controller's Office, San Bernardino County Auditor-Controller, and any other
agency by the 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 by the Oversight Board for the Successor
Agency to the Community Redevelopment Agency of the City of Grand Terrace at a regular
meeting held on the 17th day of January 2018.
arcy ab , Oversight Board Chair
ATTEST:
— il UL kian IJ&
Debra Thomas, Oversight Board Secretary
2018-01 OB Page 2 of 3 January 17, 2018
Attachment A
Recognized Obligation Payment Schedule (ROPS)
For the Period July 1, 2018 to June 30, 2019
(ROPS 18-19)
2018-01 OB Page 3 of 3 January 17, 2018
G.10.b
Q Recognized Obligation Payment Schedule (BOPS 18-19) - Summary
Filed for the July 1, 2018 through June 30,2019 Period
Successor Agency: Grand Terrace
County: San Bernardino
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18-19A Total 18-19B Total
Current Period Requested Funding for Enforceable Obligations(ROPS Detail) (July-December) (January-June) ROPS 18-19 Total
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A Enforceable Obligations Funded as Follows(B+C+D): $ - $ - $ - N
B Bond Proceeds - - -
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C Reserve Balance - E
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D Other Funds - - c
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E Redevelopment Property Tax Trust Fund (RPTTF)(F+G): $ 1,230,308 $ 839,879 $ 2,070,187
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F RPTTF 1,210,178 819,749 2,029,927 p
G Administrative RPTTF 20,130 20,130 40,260 N
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H Current Period Enforceable Obligations(A+E): $ 1,230,308 $ 839,879 $ 2,070,187
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Certification of Oversight Board Chairman: Darcy McNaboe Chairman 0
Pursuant to Section 34177(o)of the Health and Safety code, I hereby
certify that the above is a true and accurate Recognized Obligation m Title U
Payment Schedule for the above named successor agency. /s/ 01/18/2018 N
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O Grand Terrace Recognized Obligation payment Schedule(ROP518-191-RODS Detail
July 1,2018 through June 30,2019
(Report Amount$in Whole Dollars
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G.10.b
OGrand Terrace Recognized Obligation Payment Schedule (ROPS 18-19) - Report of Cash Balances
July 1, 2016 through June 30, 2017
(Report Amounts in Whole Dollars)
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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 BOPS, but only to the extent no other funding source is available m
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 Tips Sheet
a.
A B C D E F G H 1 O
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Fund Sources
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Bond Proceeds Reserve Balance Other RPTTF
Prior ROPS
period balances Prior ROPS s
and RPTTF E
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Bonds issued on Bonds issued on DDR RPTTF distributed as Rent, Non-Admin a
Cash Balance Information for ROPS 16-17 Actuals or before or after balances reserve for future grants, and c
07/01116-06/30/17 12/31/10 01/01/11 retained period(s) interest, etc. Admin Comments
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1 Beginning Available Cash Balance(Actual 07/01/16) O
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19,689,194
2 Revenue/Income(Actual 06/30117)
O RPTTF amounts should tie to the ROPS 16-17 total distribution from the
County Auditor-Controller during June 2016 and January 2017.
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2,215,046 a
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3 Expenditures for ROPS 16-17 Enforceable Obligations(Actual 0
06130117) m
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2,146,632
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4 Retention of Available Cash Balance(Actual 06130116) r
RPTTF amount retained should only include the amounts distri ml
reserve for future period(s) a
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5 ROPS 16-17 RPTTF Balances Remaining
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No entry required F
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6 Ending Actual Available Cash Balance(06130116) t7
CtoG=(1 +2-3-4),H (1 +2-3-4+5)
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$ - $ 19,689,194 $ - $ - $ - $ 68,414
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STATE OF CALIFORNIA )
COUNTY OF SAN BERNARDINO )
CITY OF GRAND TERRACE )
I Debra L. Thomas, City Clerk of the CITY OF GRAND TERRACE, CALIFORNIA,
DO HEREBY CERTIFY that the foregoing Resolution, being Resolution No. 2018-01
OB was duly passed, approved and adopted by the Oversight Board for the Successor
Agency to the Community Redevelopment Agency, approved and signed by the
Oversight Board Chair, and attested by the Oversight Board Secretary, at the regular
meeting of said Oversight Board held on the 17th day of January 2018, and that the
same was passed and adopted by the following vote:
AYES: Board Members Forbes, Freeman, Saks, Vice Chair Morga; Chair
McNaboe
NOES: None.
ABSENT: Board Member Strong
ABSTAIN: None.
Executed this 18th day of January 2018, at Grand Terrace, California.
Debra L. Thomas
Oversight Board Secretary
[SEAL]