2011-10 AGENCY RESOLUTION NO. 2011-10
A RESOLUTION OF THE GRAND TERRACE COMMUNITY
REDEVELOPMENT AGENCY APPROVING AND ADOPTING AN
ENFORCEABLE OBLIGATION PAYMENT SCHEDULE PURSUANT
TO AB 1X 26
WHEREAS, pursuant to the Community Redevelopment Law (Health and Safety Code
Sections 33000 et seq.), the City Council of the City of Grand Terrace ("City") created the
Community Redevelopment Agency of the City of Grand Terrace ("Agency"); and
WHEREAS, the Agency has been responsible for implementing the Redevelopment
Plan for the Grand Terrace Community Redevelopment Project covering certain properties
within the City("Project Area"); and
WHEREAS, as part of the 2011-2012 State budget bill, the California State Legislature
recently enacted, and the Governor signed, companion bills AB 1X 26 and AB 1X 27, which
eliminate every redevelopment agency unless the community that created it adopts an ordinance
("Continuation Ordinance") agreeing to participate in an Alternative Voluntary Redevelopment
Program ("Alternate Redevelopment Program") which requires the payment of an annual
"community remittance"payment; and
WHEREAS, AB 1X 26 also requires redevelopment agencies to adopt, by August 27,
2011, an Enforceable Obligation Payment Schedule ("EOPS") which will serve as the basis for
the payment of the Agency's outstanding financial obligations if the City does not adopt an
ordinance electing to participate in the Alternate Redevelopment Program and the Agency is
dissolved; and
WHEREAS, the City held a first reading of the Continuation Ordinance on July 26,
2011 and a second reading on August 9, 2011; and
WHEREAS, the California League of Cities and the California Redevelopment
Association filed suit in the Supreme Court of the State of California challenging the
constitutionality of AB 1X 26 and AB 1X 27; and
WHEREAS, on August 11, 2011, the Supreme Court agreed to take the case and issued
an immediate stay of AB 1X 27 in its entirety and a partial stay of AB 1X 26; and
WHEREAS, because AB 1X 27, the statutory scheme which the City and Agency had
opted into through the adoption of the Continuation Ordinance, has been stayed, it appears the
Agency must adopt an EOPS at this time because although the Court order stayed enforcement
of Health and Safety Code Section 34169, the Court order left in place Health and Safety Code
Section 34167 which relies upon and makes reference to an adopted EOPS; and
Page 2
Agency Resolution 2011- 10
WHEREAS, adoption of the EOPS is important as the Agency may be limited to only ,
making payments for debts and obligations listed on the EOPS during the time the stay is in
place.
NOW, THEREFORE, THE COMMUNITY REDEVELOPMENT AGENCY OF
THE CITY OF GRAND TERRACE DOES HEREBY RESOLVE AS FOLLOWS:
c Section 1. Recitals. The Recitals set forth above are true and correct and
incorporated herein by reference.
Section 2. Anuroval of EOPS. The Agency hereby approves and adopts the
Enforceable Obligation Payment Schedule, in substantially the form attached hereto as Exhibit
A, as required by the recently enacted legislation AB 1X 26.
Section 3. Posting: Transmittal to Anarouriate Asencies. The Executive Director
is hereby authorized and directed to post a copy of the EOPS on the City's website. The
Executive Director is further authorized and directed to transmit, by mail or electronic means, to
the San Bernardino County Auditor-Controller, the State Controller and the Department of
Finance, notification providing the website location of the posted EOPS and other information as
�- required by AB 1X 26.
PASSED AND ADOPTED by the Community Redevelopment Agency of the City of Grand
Terrace, California at a regular meeting held on the 23rd day of August 2011 by the following
vote:
J
Interii�Secreti:y-af b_e;Communi Chairperson of the Community
Redevelopment Aggnq-yi 6f the City Redevelopment Agency of the City of
Grand T�rrace = Grand Terrace
Resolution No. 2011-10
I, Tracey R. Martinez, Interim Secretary of the Community Redevelopment Agency of the City
of Grand Terrace, do hereby certify that the foregoing Resolution was introduced and adopted at
a regular meeting of the Community Redevelopment Agency of the City of Grand Terrace held
on the 23rd day of August 2011, by the following vote:
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�. Agency Resolution 2011-10
AYES: Councilmembers McNaboe, Sandoval and Hays; Mayor Pro TeniGarcia
and Mayor Stanckiewitz
NOES: None
ABSENT: None
ABSTAIN: None
Tracey R. 'nez;
Interim Agency Secretary.'. _
Approved as to form: -
Agency Counse U
l
City of Grand Terrace Community Redevelopment Agency Pagel of 2 Pages
ENFORCEABLE OBLIGATION PAYMENT SCHEDULE I
Per AB 26=Section 34167 and 34169(`)
Total Due During Payments by Month
Project.Name%Debt Obligation Payee Description Fiscal Year
Aug" Sept Oct Nov Dec Total
1)12004 Tax Allocation Bond IUS Bank 113onds for housing&non-housing projects 1.824,624 1 1,788.425 1,788,425
2)12011A tax Allocation Bond JUS Bank IBonds for non-housingprojects 598,6101 177,688 177,688
3)12011 B Tax Allocation Bond IUS Bank IBonds for non-housingprojects 298,0201 88,466 88,466
4)ITrustee Fees IUS Bank ITrustee fees on bonds 12,115 1 12,115 12,115
5)IZion Loan IZion First National Bank lRefinanced refunding of bonds for projects 254,848 1 127,424.1 I 1 127,424
6)IS ERAF Transfer lHousing Fund IRepayment ofloan for SERAF 112,159 1 1 1 112.1591 112,159
7)1Repayment of water District ISB Valley Muni Water I Repayment of incorrect tax distribution "'242,000 1-242,000 1 242,000
8)IRepayment of Housing Pmt Non-Housing Fund I Reverse overpayment due to SBVMWD 459,072 459,072 1- 1 459,072
9)IStater Brothers OPA Istater Brothers Markets JPayment on participation agreement 241,500 60,375 1 60,375 120,750
10)1 Com mercial Exteriors IViking Invenstment Prop 15hopping center rehabilitation 220,429 1 220,429 220,429
11)INeighborhod Imp.Grant IQualified residents I Exterior improvements/correct violations 39,035 7,807 7,807 7,8071 7,807 7,807 39,035
12)1Baseball Field Improvements IRock Bottom I Construction of baseball field 42,469 42,469 1 42,469
13)IDog Park Improvements I Foundation of GT I Installation of park improvements 35,000 1 20,000 15,000 35,000
14)IMich/Barton/LaPaix I Lee and Stires/Webb Ass I Infrastructure improvements r535,671 1 216,000.1 54,000 1 1 270,000
15)Residual Receipts I City of Grand Terrace JAffordable housing payment agreement 300,000 1 1 300,000 300,000
16)1Developer MOU IGrand Terr Partners LLC ITerminate development agreement 375,000 1 '375,000 1 375,000
17)lEmployee Costs ICitv of Grand Terrace JAgency employee costs 529,896 44,15E I 44,15E 44,158 44,158 1 44,158 220,790
18)1Office Rent/Cost Allocation I City of Grand Terrace I Office space and operations 320,506 26,709 1 26,709 26,709 26,709 1 26,709 133,545
19)IConsulting Services IRAMS IRequired annual auditing services 10,000 10,000 1 10,000
20)1 consulting Services IRSG JAnnual reporting requirements/administration 1 13,500 8,000 6,500' 1 13,500
21)lConsulting Services Isan Bernardino Sun [Advertising/Noticing 1 10,000 833 833 833 833 1 833 4,165
22)IConsultingServices ISmothers Appraisers IPropertyAppraisals 1 13,400 9,000 1 4,400 13,400
23)lConsulting Services JWebb&Associates Traffic Engineering I 50,000 4,000 4,000 4,000 4,000 1 4,000 20,000
24)lConsulting Services JACE Weed Abatement IWeed abatement for Agency property 1 12,000 500 1 6,000 6,500
25)IConsultingServices I K&A Engi neering linfrastructure study/design 1 30,442 15,0001 15,000 30,000
26)IConsulting Services IChamber of Commerce IBusiness development services 10,300 860 860 860 860 1 860 1 4,300
Totals-This Page $ 6,348,596 I$ 2,375,061 1$ 1,157,332 1$ 154,742 $ 361,367 $ 817,730 1$ 4,866.232
Totals-Other Obligations Is 3,780,000 1$ -I$ -I$ 480,000 Is - $ 1,650,000 1$ 2,130,000
Grand total-All Pages _ $ 10.128,596 11$ 2,375.061 11$ 1,157,332 11$ 634,742 11$ 361,36711$ 2,467,730 11$ 6,996,232
• This.Enforceable Obligation Payment Schedule(EOPS)is to be adopted by the redevelopment agency late August. It is the basis for the Preliminary Draft
Recognized Obligation Payment Schedule(ROPS),which must be prepared by the dissolving A gency by 9/30111.IT he draft ROPS must be prepared by the Successor A gency by 11/30/11.)
City of Grand Terrace Community Redevelopment A gency Page 2 of 2 Pages
OTHER OBLIGATION PAYMENT SCHEDULE
Per AB 26-Section 34167 and 34169(`)
Total Outstanding Total Due During Payments by month
Project Name I Debt Obligation Payee Description Debt or Obligation Fiscal Year
Aug-- Sept Oct I Nov Dec I Total
I I I I I I I I I I I
1)IStatutory Pass Through ICity of Grand Terrace (Statutory payment obligation 1 4,800,000 1 80,000 1 I 1 80,000 I I I 80,000
2)1Statutory Pass Through ISan Bernardino Comm CoIIIStatutory payment obligation I 4,800.000 1 Bum 1' I I' 80,000 I I I 80,000
3)INegoliated Pass Through IColton Joint USD IPavment per agreement I 10,402.888 I 320.000 I I I 320,000 I I I 320,000
4)1Pass Through pd by County 1Taxinq entities IPavment per agreement 1 59,855,506 I 2,000,000 I I I I I 1,000,000 1 1,000,000
5)1Housing Fund Deficit 11-ow/Mod Housing Fund .IStatutory housing set aside I 40.268.309 1 1,300,000 I I I I I 650,000 1 650,000
6)I I I I I I I I I I I
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9)I
10)I I I I I I I I I I I
1111 I I I I I I I I I I
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18)1 I I I I I I I I I
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20)I I I I I I I I I I I
21)1 I I I I I I I I I I
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25)I I I I I I I I I I I
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27)I I I I I I I I I I I
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)Totals-Other Obligations••• 1$ 120,066,703 1$ 3,780,000 1$ -1$ 1$ 480,000 1$ -1$ 1,650,000 1$ 2,130,000
This Enforceable Obligation Payment Schedule(EOPS)is to be adopted by the redevelopment agency no later than late A ugust.It is valid through 12131111.It is the basis for the Preliminary Draft
Recognized Obligation Payment Schedule(ROPS),which must be prepared by the dissolving A gency by 9130111.(The draft ROPS must be prepared by the Successor gency by 11130111.)
If an 9gency adopts a dontinudlion ordinance pe'r A BX1127,this EOPS will not be'4alid and there is'no needto prepare a ROPS. ' • • • •
"Include only payments to be made after the adoption of the EOPS.
'*•All payment amounts are estimates,