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Home My WebLink About2020-01-08 e-packet@7:01Wednesday, January 8, 2020 7:01 PM City of South San Francisco P.O. Box 711 (City Hall, 400 Grand Avenue) South San Francisco, CA Municipal Services Building, Council Chambers 33 Arroyo Drive, South San Francisco, CA Special Successor Agency to the Redevelopment Agency Special Meeting Agenda January 8, 2020Special Successor Agency to the Redevelopment Agency Special Meeting Agenda NOTICE IS HEREBY GIVEN, pursuant to Section 54956 of the Government Code of the State of California, the Successor Agency to the Redevelopment Agency will hold a Special Meeting on Wednesday, January 8, 2020, at 7:01 p.m., in the City Council Chambers, Municipal Services Building, 33 Arroyo Drive, South San Francisco, California. Purpose of the meeting: Call To Order. Roll Call. Agenda Review. Public Comments - comments are limited to items on the Special Meeting Agenda. ADMINISTRATIVE BUSINESS Report regarding resolutions of the Successor Agency to the former Redevelopment Agency of the City of South San Francisco, reviewing and approving the submittal to the Successor Agency Oversight Board of a Recognized Obligation Payment Schedule and Administrative Budget for the period July 1, 2020 through June 30, 2021. (Janet Salisbury, Director of Finance; Suzy Kim, RSG) 1. Resolution of the Successor Agency to the former Redevelopment Agency of the City of South San Francisco reviewing and approving the Recognized Obligation Payment Schedule for the period July 1, 2020 through June 30, 2021, pursuant to the Health and Safety Code Section 34177(L). 1a. Resolution of the Successor Agency to the former Redevelopment Agency of the City of South San Francisco reviewing and approving the Successor Agency Administrative Budget for the period July 1, 2020 through June 30, 2021, pursuant to Health and Safety Code Section 34177(j) 1b. Adjournment. Page 2 City of South San Francisco Printed on 3/5/2020 City of South San Francisco Legislation Text P.O. Box 711 (City Hall, 400 Grand Avenue) South San Francisco, CA File #:19-1018 Agenda Date:1/8/2020 Version:1 Item #:1. Report regarding resolutions of the Successor Agency to the former Redevelopment Agency of the City of South San Francisco,reviewing and approving the submittal to the Successor Agency Oversight Board of a Recognized Obligation Payment Schedule and Administrative Budget for the period July 1,2020 through June 30, 2021.(Janet Salisbury, Director of Finance; Suzy Kim, RSG) RECOMMENDATION It is recommended that the Successor Agency to the Former Redevelopment Agency of the City of South San Francisco:1)adopt a resolution approving the Successor Agency Administrative Budget for Fiscal Year 2020-21;and 2)adopt a resolution approving the Recognized Obligation Payment Schedule for Fiscal Year 2020-21 and approving submittal to the San Mateo Countywide Oversight Board. BACKGROUND Health and Safety Code (“HSC”)Section 34177(l)requires the Successor Agency to the Former Redevelopment Agency of the City of South San Francisco (“Successor Agency”)to prepare a Recognized Obligation Payment Schedule (“ROPS”)that requests funding for obligations on an annual basis.The ROPS for the period July 1,2020 through June 30,2021 (“ROPS 20-21”)requests necessary payments for enforceable obligations of the Former Redevelopment Agency of the City of South San Francisco (“RDA”)for Fiscal Year 2020-21.HSC Section 34177(j)also requires the Successor Agency to prepare an Administrative Budget for Fiscal Year 2020-21 (“Administrative Budget”) and submit it to the Oversight Board for approval. The San Mateo Countywide Oversight Board (“Oversight Board”)will consider approval of the ROPS 20-21 and Administrative Budget at its meeting on January 13,2020.If approved,the ROPS will be transmitted to the State Department of Finance (“DOF”)for review.The Administrative Budget is not required to be submitted to DOF. The Successor Agency has a statutory deadline of February 1,2020 to submit an Oversight Board-approved ROPS 20-21 to DOF.If it is not transmitted on time,the City and Successor Agency could be subject to a civil penalty of $10,000 per day.DOF shall make its determination to approve the ROPS no later than 45 days after submittal. DISCUSSION The ROPS 20-21 details are attached as Exhibit A to the respective resolutions accompanying this staff report. A total of $6,186,851 is requested to fund ROPS 20-21 obligations,including $1,133,500 from Redevelopment Property Tax Trust Funds (“RPTTF”)and $5,035,351 from Other Funds and Reserve Balances.The ROPS 20- 21 requests an administrative cost allowance of $200,000. ROPS OBLIGATIONS The ROPS 20-21 contains the following obligations: ·Item 11 -Bond Administration /Continuing Disclosure Cost -This item has been marked as retired as City of South San Francisco Printed on 1/2/2020Page 1 of 5 powered by Legistar™ File #:19-1018 Agenda Date:1/8/2020 Version:1 Item #:1. ·Item 11 -Bond Administration /Continuing Disclosure Cost -This item has been marked as retired as all Successor Agency bonds were paid off in FY 2018-19 and there are no remaining bond administration costs. ·Items 12,13,and 14 -Oyster Point Ventures DDA -$4,779,335 is requested for enforceable obligations associated with Sections 3.2.1,3.4.1 and 5.2 of the DDA and for staff and legal expenses associated with Successor Agency implementation of the DDA.Of this amount,only $1,133,500 is requested from RPTTF,$3,112,924 from Other Funds held by the Successor Agency,and $532,911 is from Reserve Balance held by the Successor Agency (excess PPA unallocated in prior periods).The investment of RPTTF into the Oyster Point development will result in a significant increase in property tax revenues for affected taxing agencies,from $840,000 prior to dissolution in 2011 to $23.23 million projected in 2024. In summary,additional costs are required to be incurred resulting from:(1)the import of cover soil;(2) the import of clay;(3)the cement treatment of refuse for purpose of compaction and (4)the export/relocation of refuse on-site and off-site.The total amount of costs for these activities has increased during construction from $9,505,703 estimated in January 2019 to $19,395,376 as estimated in December 2019.The Developer and Successor Agency are sharing in these increased costs as part of a proposed settlement agreement.The Developer’s agreement to share in these costs is expressly contingent on the approval of the Successor Agency funding proposed in this ROPS for line items 12 and 13.These additional costs are necessary to allow the infrastructure required by the DDA to be constructed as the additional work is necessary to provide,for example,a stable base under the streets and utilities to the hub,the streets and utilities to the point and the parking area between the beach park area and the ferry terminal.The necessity of this additional work was determined once the landfill cap on the project site was opened and the contractor began to excavate and relocate solid waste and other materials on site as required under the approved construction plans.The DDA anticipated the potential for additional costs such as these in the exhibits related to section 3.2.1 which provides,in part,that the “quantities,scope of work,and cost estimates [for the required infrastructure]will be modified when construction drawings are prepared”(see Exhibit 3.2.1A).Although not anticipated,any additional costs for these items beyond the amount sought herein would be sole responsibility of the Developer. Item 12 requests $3,310,464 ($3,112,924 from Other Funds and $197,540 from RPTTF)for additional costs associated with: 1)Imported cover soil and clay that is necessary for street and utilities to the hub (the Successor Agency is responsible for 20 percent of these costs)[3.2.1(i)(1)and (ii)],the streets and utilities to point [3.2.1(i)(2)and (ii)]and the reconfiguration and reconstruction of parking [3.2.1(ii)and (iii)]; 2)Cement mixing treatment to create a stable base for the streets and utilities at the hub,the streets and utilities to point and the reconfigured parking area [3.2.1 (i) (1 &2) and (iii)]; and 3)Off-haul of excess relocated solid waste from areas under the streets and utilities at the hub (20%Successor Agency cost),the streets and utilities to the point and reconfigured parking areas [3.2.1(i)(2) and (iii)]. Item 13 requests $1,300,180 ($532,911 from Reserve Balance and $767,269 from RPTTF)for the Successor Agency portion of the cost of off-haul of excess solid waste from the streets and utilities to the Hub and adjacent areas including portion of Phase IID (Section 5.2)pursuant to a proposed settlement agreement. City of South San Francisco Printed on 1/2/2020Page 2 of 5 powered by Legistar™ File #:19-1018 Agenda Date:1/8/2020 Version:1 Item #:1. Item 14 requests $168,691 (from RPTTF)for estimated project-related staff costs to implement these items. Please note that the total increased costs for Items 12 and 13 is actually $5,818,160 but the Successor Agency is seeking approval to reallocate $1,207,516 in funds previously approved by the Oversight Board and DOF for Phase IC Cap Repair and cost savings associated with changing from the use of Geofoam to another form of soil stabilization treatment to offset $1,207,516 in costs.The funds were distributed as RPTTF in prior ROPS periods and transferred to an Oyster Point escrow account,and reported as “Reserve Balance”in the Cash Balances form.The $1,207,516 reallocation from the Oyster Point escrow account is requested as “Reserve Balance” under Item 12. ·Item 16 and 17 -Harbor District Agreement Fees -There are no costs associated with Harbor District enforceable obligations in Fiscal Year 2020-21.The line items should remain on the ROPS as there are potential remaining enforceable obligations. ·Items 21,22,23,and 24 -Train Station Improvement Phases I &II Fees -No expenses are anticipated for these enforceable obligations in Fiscal Year 2020-21.The line items should remain on the ROPS as there are potential remaining enforceable obligations. ·Item 48 -Administrative Cost Allowance -The Successor Agency is requesting $200,000 for Fiscal Year 2020-21 administrative expenses,which is within the maximum permitted by law.Administrative costs are needed to administer obligations and prepare required reports,such as the ROPS and audited financial statements.The Administrative Budget for Fiscal Year 2020-21 contains more detail,and is attached to the resolution accompanying this staff report. The maximum administrative cost allowance is based on the amount of Redevelopment Property Tax Trust Funds (“RPTTF”,or property tax increment)distributed in the prior fiscal year.DOF approved $512,557 in obligations funded by RPTTF on the ROPS 19-20.However,no RPTTF was distributed because the Successor Agency had unspent funds remaining from prior ROPS periods.It is possible that DOF will reduce the Successor Agency’s Fiscal Year 2020-21 administrative cost allowance to zero. Successor Agency staff will work with DOF on the administrative allowance during their review. ·Items 51 and 52 -Accrued PERS Pension and Retiree Health Obligations -No expenses are requested for these items on the ROPS 20-21.The obligations are not being retired in case the Successor Agency wishes to request eligible costs in future years. REPORT OF CASH BALANCES The “Report of Cash Balances”page reports available cash balances by type in Fiscal Year 2017-18.As of June 30,2018,the Successor Agency had $532,911 in Reserve Balances leftover from prior ROPS periods.There were also $3,312,924 in Other Funds as of June 30,2018.This includes revenues from a City payment to the Successor Agency related to an Oyster Point loan,rents and interest earned in Fiscal Year 2017-18,and Other Funds unspent from prior periods.Staff has allocated $1,207,516 in Reserve Balances ($531,911 in Excess PPA and $1,207,516 from the Oyster Point escrow account)and $3,312,924 in Other Funds toward ROPS 20-21 Items 12-14 and 48. Any remaining balance will be reserved for future ROPS. The Successor Agency anticipates that a $591,869 Prior Period Adjustment will be made to account for RPTTF that was unspent in the ROPS 17-18 period.This is reported on the “Report of Cash Balances”page,Column City of South San Francisco Printed on 1/2/2020Page 3 of 5 powered by Legistar™ File #:19-1018 Agenda Date:1/8/2020 Version:1 Item #:1. that was unspent in the ROPS 17-18 period.This is reported on the “Report of Cash Balances”page,Column G,Row 5.The Prior Period Adjustment process is handled separately from the ROPS by the San Mateo County Auditor-Controller.The Successor Agency submitted a Prior Period Adjustment form to the County Auditor-Controller on October 1,2019 to review ROPS 17-18 expenses.The County will make a determination on the Prior Period Adjustment amount and send it to DOF by February 1, 2020. ADMINISTRATIVE BUDGET Health and Safety Code Section 34177(j)requires the Successor Agency to prepare an administrative budget and submit it to the Oversight Board for approval.An Administrative Budget for Fiscal Year 2020-21 is attached as an exhibit to the accompanying resolution for the Successor Agency’s consideration.It will also be submitted to the Oversight Board for approval. Staff proposes an administrative cost allowance of $200,000 for Fiscal Year 2020-21 to cover professional services (including preparation of the ROPS and auditor fees)and staff costs and overhead required to administer enforceable obligations and prepare legally mandated reports.This is based on actual administrative costs incurred in prior years and within the amount permitted by HSC Section 34171(b)(1). LAST AND FINAL ROPS Pursuant to HSC section 34191.6(a),agencies that have received a Finding of Completion may submit a Last and Final ROPS beginning January 1, 2016 if all the following conditions are met: 1)The remaining debt is limited to administrative costs and payments pursuant to enforceable obligations with defined payment schedules including,but not limited to,debt service,loan agreements and contracts. 2)All remaining obligations have been previously listed on the ROPS and approved for payment by Finance pursuant to HSC section 34177 (m) or (o). 3)The agency is not a party to outstanding/unresolved litigation,except as specified in HSC section 34191.6(a)(3). Due to the Successor Agency’s outstanding obligation related to environmental remediation at the Oyster Point site,which is an unknown cost,we cannot anticipate when or if the Successor Agency will file a last and final ROPS. OVERSIGHT BOARD CONSOLIDATION As of July 1,2018,the San Mateo Countywide Oversight Board was established pursuant to HSC Section 34179(j),replacing the local South San Francisco Oversight Board.The Countywide Oversight Board reviews actions taken by all successor agencies within San Mateo County and can direct successor agencies to perform certain actions. The Countywide Oversight Board is considering the ROPS 20-21 and Administrative Budget for Fiscal Year 2020-21 at its meeting on January 13,2020.With the consolidation of the Oversight Boards,successor agencies have been asked to provide additional supporting documentation,especially for the administrative allowance. Successor Agency staff will respond to any requests for additional information from the Oversight Board. CONCLUSION Adoption of both resolutions will enable the Successor Agency to forward the proposed ROPS and Administrative Budget to the Oversight Board on January 13,2020 in order to fulfill the obligations under Health and Safety Code Section 34177 regarding adoption of a ROPS 20-21 and Administrative Budget for the City of South San Francisco Printed on 1/2/2020Page 4 of 5 powered by Legistar™ File #:19-1018 Agenda Date:1/8/2020 Version:1 Item #:1. Health and Safety Code Section 34177 regarding adoption of a ROPS 20-21 and Administrative Budget for the period July 1,2020 through June 30,2021.The ROPS 20-21 will then be submitted to DOF for approval by February 1, 2020. City of South San Francisco Printed on 1/2/2020Page 5 of 5 powered by Legistar™ South San Francisco ROPS 20-21 1 Oyster Point Hard Costs (Items 12 & 13) $5,818,160 Oyster Point Soft Costs (Item 14) $168,961 Administrative Budget (Item 28) $200,000 ROPS 20-21 $6.1 MILLION IN OBLIGATIONS $1.1 MILLION FROM RPTTF 2 PHASE ID PHASE IID PHASE IIID PHASE IVD STREETS & UTILITIES AT HUB STREETS & UTILITIES TO POINT CLAY CAP REPAIR AT PHASE IC RECONFIGURED PARKING AT MARINA RECREATION AREA FUTURE HOTEL SITE BEACH/PARK BAY TRAIL & PALM PROMENDADE B C D E F G F E D H H G B A PHASE IC H C H D D PHASE IIC H PHASE IC UP TO 1,746,230 GSF OF OFFICE/R&D SPACE STREETS & UTILITIES IN BUSINESS PARK RELOCATION OF SEW ER PUMP STATION LANDSCAPING AT BCDC PHASES IID-IVD PHASES IID-IVD A P J I PHASES ID UP TO 508,000 GSF OF OFFICE/R&D SPACE CLAY CAP REPAIR AT PHASE ID CLEANUP OF SUMP 1 METHANE MITIGATION SYSTEMS RELOCATION OF REFUSE PHASE IIC REPAVING OF PARKING PHASE IIC LANDSCAPING AT PARKING PHASE IIC LANDSCAPING AT BCDC PHASES IIC I J K L L N N N O N O S R R S T T K M EXHIBIT 3.2A Q Q P M March 2011: DDA OPV (Developer)/RDA/City Landfill Construction Underway October 2019 Aerial of Project Site November 2019 Underground Utility Installation 4 5 Vision for Oyster Point : Kilroy Realty OYSTER POINT DDA (ROPS ITEMS 12 & 13) PROJECT COSTS -JANUARY 2019 ESTIMATE Work Required DDA Sections Total Cost of Work Successor Agency Obligation Kilroy Cost Obligation Import of Clay Cover Soil 3.2.1(i)(1), 3.2.1(ii), 3.2.1(i)(2) $2,377,070 $415,316 ROPS Line 12 $1,961,754 Import of Clay 3.2.1(i)(1), 3.2.1(ii), 3.2.1(i)(2) $1,345,214 $163,047 ROPS Line 12 $1,182,167 Cement Treatment of Refuse 3.2.1(i) (1 &2) and (iii) $1,588,029 $699,756 ROPS Line 12 $888,273 Export of Excess Refuse 3.2.1(i)(2) and (iii) and 5.2 $4,195,390 $862,315 ROPS Lines 12/13 $3,333,075 Total $9,505,703 $2,140,434 $7,365,269 6 OYSTER POINT DDA (ROPS ITEMS 12 & 13) PROJECT COSTS -DECEMBER 2019 UPDATE Work Required DDA Sections Total Cost of Work Successor Agency Obligation Kilroy Cost Obligation Import of Clay Cover Soil 3.2.1(i)(1), 3.2.1(ii), 3.2.1(i)(2) $4.379,417 $688,601 ROPS Line 12 $3,690,816 Import of Clay 3.2.1(i)(1), 3.2.1(ii), 3.2.1(i)(2) $1,671,684 $199,630 ROPS Line 12 $1,472,054 Cement Treatment of Refuse 3.2.1(i) (1 &2) and (iii) $1,953,998 $1,067,557 ROPS Line 12 $886,441 Export of Excess Refuse 3.2.1(i)(2) and (iii) and 5.2 $11,090,277 $5,702,806 ROPS Lines 12/13 $5,387,471 Total $19,095,376 $7,658,594 $11,436,782 7 OYSTER POINT DDA PROJECT MANAGEMENT (ITEM 14) Position Tasks Average Hours Per Month Fully Loaded Hourly Rate Total Annual Cost Public Works Director Project and contract management specific to Oyster Point DDA project 10 $168.26 $20,191 Project Management Services (WC-3) Daily project management; cost management; coordination with contractor, developer and other regulatory agencies 40 $165.00 $79,200 Legal Services (Meyers Nave) Contract interpretation, implementation and dispute resolution for all contracts related to the enforceable obligations included in the DDA 15 $385.00 $69,300 Total $168,691 8 RPTTF $1,133,500 Other Funds $3,312,924 Reserve Balance (Oyster Pt Escrow) $1,207,516 Reserve Balance (Excess PPA) $532,911 ROPS 20-21 OBLIGATIONS BY FUNDING SOURCE $- $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 $4,500,000 $5,000,000 Item 12 Oyster Pt Item 13 Oyster Pt Item 14 Oyster Pt Item 48 Admin Reserve (Excess PPA) Reserve (Oyster Pt Escrow) Other Funds RPTTF 9 OYSTER POINT DDA PROPERTY TAX IMPACT 10 2011 Annual Property Taxes: $ 840,000 2024 Annual Property Taxes: $23,230,000 $- $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 2011 2024 ADMINISTRATIVE BUDGET FY 2020-21 (ITEM 48) 11 Description of Cost/Expense Amount Staff salaries, benefits, and payroll taxes $120,000 Overhead costs and supplies 1,000 Professional Services –Successor Agency Consulting (RSG, Inc.)25,000 Professional Services –Auditors (Maze & Associates)4,000 Professional Services –Legal (Meyers Nave)50,000 Total $200,000 City of South San Francisco Legislation Text P.O. Box 711 (City Hall, 400 Grand Avenue) South San Francisco, CA File #:19-1019 Agenda Date:1/8/2020 Version:1 Item #:1a. Resolution of the Successor Agency to the former Redevelopment Agency of the City of South San Francisco reviewing and approving the Recognized Obligation Payment Schedule for the period July 1, 2020 through June 30, 2021, pursuant to the Health and Safety Code Section 34177(L). WHEREAS,pursuant to Part 1.85 of Division 24 of the California Health and Safety Code (“HSC”)Section 34170 et seq.(“Dissolution Act”),the Former Redevelopment Agency of the City of South San Francisco (“RDA”) was dissolved as of February 1, 2012; and WHEREAS,the Successor Agency to the Former Redevelopment Agency of the City of South San Francisco (“Successor Agency”)succeeded to all assets,properties,contracts,leases,books and records,buildings,and equipment of the former RDA and,except as repealed,restricted,or revised by the Dissolution Act,was vested with all authority,rights,powers,duties and obligations under the California Community Redevelopment Law (HSC Section 33000 et seq.) previously vested with the former RDA; and WHEREAS,HSC Section 34177(l)requires the Successor Agency to prepare a Recognized Obligation Payment Schedule (“ROPS”)for each 12-month fiscal period,which lists the outstanding obligations of the former RDA and states the sources of funds for required payments; and WHEREAS,Successor Agency staff has prepared a ROPS for the July 1,2020 through June 30,2021 fiscal period (“ROPS 20-21”),which,pursuant to HSC Section 34177(l),must be approved by the San Mateo Countywide Oversight Board (“Oversight Board”)and submitted to the State Department of Finance (“DOF”) no later than February 1, 2020; and WHEREAS, the Oversight Board will review ROPS 20-21 on January 13, 2020; and WHEREAS,the Successor Agency desires to approve the ROPS and transmit it to various parties as required by the Dissolution Act. NOW,THEREFORE,the Successor Agency to the Redevelopment Agency of the City of South San Francisco, does hereby resolve as follows: 1.The Recitals set forth above are true and correct, and are incorporated herein by reference; 2.The draft ROPS attached hereto as Exhibit A was prepared by the Successor Agency,reviewed and approved by the Successor Agency Board, and will be submitted to the Oversight Board; 3.The City Finance Director or designee is authorized to modify the draft ROPS to correct errors,to update the ROPS if necessary as a result of subsequent review by the Oversight Board,and provide City of South San Francisco Printed on 3/5/2020Page 1 of 2 powered by Legistar™ File #:19-1019 Agenda Date:1/8/2020 Version:1 Item #:1a. update the ROPS if necessary as a result of subsequent review by the Oversight Board,and provide clarifications consistent with requirements of the State Department of Finance and the intent of this Resolution; 4.The Executive Director of the Successor Agency or designee is authorized and directed to take all actions necessary to implement this Resolution,including without limitation,the submittal of the draft ROPS to the Oversight Board,the County Auditor-Controller,the County Administrative Officer,the State Department of Finance,and the State Controller,and the posting of this Resolution and the draft ROPS on the Successor Agency’s website; 5.The Finance Director or designee is authorized to incorporate the items on the ROPS into the 2020-21 operating budget once the ROPS is approved; 6.The Executive Director and the Finance Director,and their designees,are authorized and directed to take such actions as necessary and appropriate to carry out and implement the intent of this Resolution, including without limitation,the establishment of separate accounts and funds as necessary to appropriately document the receipts and expenditures of the Successor Agency. 7.The Executive Director of the Successor Agency and/or his designee are authorized to execute contracts and agreements for the items listed on the July 1,2020 through June 30,2021 ROPS,as approved by the Oversight Board,up to the amounts specified on the approved ROPS for such items,unless specifically directed otherwise by the Oversight Board. ***** City of South San Francisco Printed on 3/5/2020Page 2 of 2 powered by Legistar™ Recognized Obligation Payment Schedule (ROPS 20-21) - Summary Filed for the July 1, 2020 through June 30, 2021 Period Successor Agency: South San Francisco County: San Mateo Current Period Requested Funding for Enforceable Obligations (ROPS Detail) 20-21A Total (July - December) 20-21B Total (January - June) ROPS 20-21 Total A Enforceable Obligations Funded as Follows (B+C+D) $ 5,053,351 $ - $ 5,053,351 B Bond Proceeds - - - C Reserve Balance 1,740,427 - 1,740,427 D Other Funds 3,312,924 - 3,312,924 E Redevelopment Property Tax Trust Fund (RPTTF) (F+G) $ 1,133,500 $ - $ 1,133,500 F RPTTF 1,133,500 - 1,133,500 G Administrative RPTTF - - - H Current Period Enforceable Obligations (A+E) $ 6,186,851 $ - $ 6,186,851 Certification of Oversight Board Chairman: Name Title Pursuant to Section 34177 (o) of the Health and Safety code, I hereby certify that the above is a true and accurate Recognized Obligation Payment Schedule for the above named successor agency. /s/ Signature Date South San Francisco Recognized Obligation Payment Schedule (ROPS 20-21) - ROPS Detail July 1, 2020 through June 30, 2021 A B C D E F G H I J K L M N O P Q R S T U V W Item # Project Name Obligation Type Agreement Execution Date Agreement Termination Date Payee Description Project Area Total Outstanding Obligation Retired ROPS 20-21 Total ROPS 20-21A (Jul - Dec) 20-21A Total ROPS 20-21B (Jan - Jun) 20-21B Total Fund Sources Fund Sources Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF $31,052,083 $6,186,851 $- $1,740,427 $3,312,924 $1,133,500 $- $6,186,851 $- $- $- $- $- $- 11 Bond Admin/ Disc Costs Hsg Bonds Fees 01/01/ 1999 09/01/2018 Bank of New York/Willdan Costs to administer the housing bonds Merged - Y $- - - - - - $- - - - - - $- 12 Oyster Point Ventures DDA OPA/DDA/ Construction 03/23/ 2011 11/11/2026 Oyster Pt Ventures, LLC DDA Sections 3.2.1 Phase IC Improvements and 3.4.1 Improvement Costs Merged 4,517,980 N $4,517,980 - 1,207,516 3,112,924 197,540 - $4,517,980 - - - - - $- 13 Oyster Point Ventures DDA OPA/DDA/ Construction 03/23/ 2011 11/11/2026 Various contractors/ staff DDA Section 5.2 Environmental Indemnification Merged 19,898,052 N $1,300,180 - 532,911 - 767,269 - $1,300,180 - - - - - $- 14 Oyster Point Ventures DDA Project Management Costs 03/23/ 2011 11/11/2026 Legal/Staff costs Soft project management costs Merged 1,063,144 N $168,691 - - - 168,691 - $168,691 - - - - - $- 16 Harbor District Agreement Improvement/ Infrastructure 03/25/ 2011 11/11/2026 Harbor District Secs. 5.0 lease rev; 7.0 temp. office Merged 1,793,248 N $- - - - - - $- - - - - - $- 17 Harbor District Agreement Project Management Costs 03/25/ 2011 11/11/2026 Legal/Staff costs Soft project management costs Merged 798,341 N $- - - - - - $- - - - - - $- 21 Train Station Imprvmnts Ph 1(pf1002) Remediation 03/11/ 2009 12/31/2014 TechAccutite/ Wisley Ham Contracted work-site remediation Merged 87,494 N $- - - - - - $- - - - - - $- 22 Train Station Imprvmnts Phase 1 Project Management Costs 03/11/ 2009 12/31/2014 Staff Costs Soft project management costs Merged 9,309 N $- - - - - - $- - - - - - $- 23 Train Station Imprvmnts Phase 2 Remediation 12/09/ 2009 12/31/2014 Various contractors Site remediation per Cal Trans Agrmt. Merged 620,000 N $- - - - - - $- - - - - - $- 24 Train Station Imprvmnts Phase 2 Project Management Costs 12/09/ 2009 12/31/2014 Legal/Staff costs Soft project management costs Merged 148,115 N $- - - - - - $- - - - - - $- 48 Administration Costs Admin Costs 02/01/ 2012 12/31/2014 Legal/Staff costs Costs to administer Successor Agency Merged 1,750,000 N $200,000 - - 200,000 - - $200,000 - - - - - $- A B C D E F G H I J K L M N O P Q R S T U V W Item # Project Name Obligation Type Agreement Execution Date Agreement Termination Date Payee Description Project Area Total Outstanding Obligation Retired ROPS 20-21 Total ROPS 20-21A (Jul - Dec) 20-21A Total ROPS 20-21B (Jan - Jun) 20-21B Total Fund Sources Fund Sources Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF 51 Accrued PERS Pension Obligations Unfunded Liabilities 01/01/ 1980 06/30/2016 CalPERS Costs incurred through 02/01/ 2012 Merged 168,800 N $- - - - - - $- - - - - - $- 52 Accrued Retiree Health Obligations Unfunded Liabilities 01/01/ 1980 06/30/2016 CalPERS Retiree Benefit Trust (CERBT) Costs incurred through 02/01/ 2012 Merged 197,600 N $- - - - - - $- - - - - - $- South San Francisco Recognized Obligation Payment Schedule (ROPS 20-21) - Report of Cash Balances July 1, 2017 through June 30, 2018 (Report Amounts in Whole Dollars) Pursuant to Health and Safety Code section 34177 (l), 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 property tax revenues is required by an enforceable obligation. A B C D E F G H ROPS 17-18 Cash Balances (07/01/17 - 06/30/18) Fund Sources Comments Bond Proceeds Reserve Balance Other Funds RPTTF Bonds issued on or before 12/31/10 Bonds issued on or after 01/01/11 Prior ROPS RPTTF and Reserve Balances retained for future period(s) Rent, grants, interest, etc. Non-Admin and Admin 1 Beginning Available Cash Balance (Actual 07/01/17) RPTTF amount should exclude "A" period distribution amount. 310,509 30,482,661 1,620,908 626,343 C: 1999 Housing Bond Reserves ($310,509). E: Funds reserved in Oyster Point Escrow Account ($29,473,074) + Reserve Balances applied to ROPS 18-19 ($340,442) and ROPS 19-20 Item 48 ($136,234) + Excess PPA from ROPS 19-20 ($532,911). F: Other Funds reserved for ROPS 17-18 ($723,660), ROPS 18-19 ($508,985) and ROPS 19-20 ($388,263). G: PPA applied to ROPS 19-20, net of Excess PPA ($626,343). 2 Revenue/Income (Actual 06/30/18) RPTTF amount should tie to the ROPS 17-18 total distribution from the County Auditor-Controller 41,273 9,705,379 2,888,484 751,465 E: Deposits and interest earned Oyster Point Escrow Account (9,705,379). F: Other Funds revenues from rents and interest ($476,622), Commercial Rehab Loan ($28,862) and City repayment for Oyster Point "Advance to Other Funds" ($2,383,000) 3 Expenditures for ROPS 17-18 Enforceable Obligations (Actual 06/30/18) 26,128 5,554,982 299,220 159,596 E: Oyster Point Escrow Account drawdowns to make payments pursuant to DDA. F and G: Match PPA 17-18 4 Retention of Available Cash Balance (Actual 06/30/18) RPTTF amount retained should only include the amounts distributed as reserve for future period(s) 325,654 34,100,147 897,248 626,343 E: Funds reserved for Oyster Point Escrow Account ($33,623,471) + Reserve Balances applied to ROPS 18-19 ($340,442) and ROPS 19-20 Item 48 ($136,234). F: Other Funds reserved for ROPS 18-19 ($508,985) and ROPS 19-20 ($388,263). G: PPA applied to ROPS 19-20, net of Excess PPA ($626,343). 5 ROPS 17-18 RPTTF Prior Period Adjustment RPTTF amount should tie to the Agency's ROPS 17-18 PPA form submitted to the CAC No entry required 591,869 C: 1999 Housing Bond Reserves. Defeased in Dec 2018. G: PPA 17-18 pending County review 6 Ending Actual Available Cash Balance (06/30/18) C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5) $- $- $532,911 $3,312,924 $- E: Excess PPA from ROPS 19-20 ($532,911). F: Other Funds unspent from ROPS 17-18 ($424,440) + Other Funds revenue in 17-18 ($2,888,484). Use of Other Fund balances requested on ROPS 20-21 Items 12-14. South San Francisco Recognized Obligation Payment Schedule (ROPS 20-21) - Notes July 1, 2020 through June 30, 2021 Item # Notes/Comments 11 12 13 14 16 17 21 22 23 24 48 51 52 City of South San Francisco Legislation Text P.O. Box 711 (City Hall, 400 Grand Avenue) South San Francisco, CA File #:19-1020 Agenda Date:1/8/2020 Version:1 Item #:1b. Resolution of the Successor Agency to the former Redevelopment Agency of the City of South San Francisco reviewing and approving the Successor Agency Administrative Budget for the period July 1, 2020 through June 30, 2021, pursuant to Health and Safety Code Section 34177(j) WHEREAS,pursuant to Part 1.85 of Division 24 of the California Health and Safety Code (“HSC”)Section 34170 et seq.(“Dissolution Act”),the Former Redevelopment Agency of the City of South San Francisco (“RDA”) was dissolved as of February 1, 2012; and WHEREAS,the Successor Agency to the Former Redevelopment Agency of the City of South San Francisco (“Successor Agency”)succeeded to all assets,properties,contracts,leases,books and records,buildings,and equipment of the former RDA and,except as repealed,restricted,or revised by the Dissolution Act,was vested with all authority,rights,powers,duties and obligations under the California Community Redevelopment Law (HSC Section 33000 et seq.) previously vested with the former RDA; and WHEREAS,HSC Section 34177(j)requires the Successor Agency to prepare a proposed administrative budget and submit it to the San Mateo Countywide Oversight Board (“Oversight Board”) for approval; and WHEREAS,Successor Agency staff has prepared an administrative budget for Fiscal Year 2020-21,with detail for the July 1, 2020 through June 30, 2021 period (“Administrative Budget”); and WHEREAS, the Oversight Board will review the Administrative Budget on January 13, 2020; and WHEREAS, the Successor Agency desires to approve the Administrative Budget for Fiscal Year 2020-21. NOW,THEREFORE,the Successor Agency to the Redevelopment Agency of the City of South San Francisco, does hereby resolve as follows: 1.The Recitals set forth above are true and correct, and are incorporated herein by reference; 2.In accordance with HSC Section 34177(j),the Successor Agency hereby approves the Administrative Budget for the period July 1,2020 through June 30,2021,attached hereto as Exhibit A,contingent upon approval by the Oversight Board at its meeting on January 13, 2020. 3.The City Finance Director or designee is authorized to modify the Administrative Budget to correct errors,to update it if necessary as a result of subsequent review by the Oversight Board,and provide clarifications consistent with requirements of the State Department of Finance and the intent of this Resolution; City of South San Francisco Printed on 3/5/2020Page 1 of 2 powered by Legistar™ File #:19-1020 Agenda Date:1/8/2020 Version:1 Item #:1b. 4.The Executive Director of the Successor Agency or designee is authorized and directed to take all actions necessary to implement this Resolution,including without limitation,the submittal of the Administrative Budget to the Oversight Board. ***** City of South San Francisco Printed on 3/5/2020Page 2 of 2 powered by Legistar™ Exhibit A Successor Agency to the Former South San Francisco Redevelopment Agency ROPS 20‐21 Administrative Cost Allowance Budget Period: 7/1/20 to 6/30/21 Description of Cost/Expense Amount Staff salaries, benefits, and payroll taxes 120,000$ Overhead costs and supplies 1,000$ Professional Services ‐ SA Consulting, RSG, Inc. (prepare ROPS, PPA, cash flow/budgeting, DOF and County Coordination)25,000$ Professional services ‐ Auditors 4,000$ Professional Services ‐ Legal, Meyers Nave 50,000$ Total 200,000$