HomeMy WebLinkAbout2015-02-17 e-packet s REGULAR MEETING
OVERSIGHT BOARD FOR THE
SUCCESSOR AGENCY TO THE CITY OF
SOUTH SAN FRANCISCO
REDEVELOPMENT AGENCY
P.O. Box 711 (City Hall, 400 Grand Avenue)
South San Francisco, California 94083
CITY HALL
LARGE CONFERENCE ROOM, TOP FLOOR
400 GRAND AVENUE
TUESDAY, FEBRUARY 17, 2015
2:00 P.M.
PEOPLE OF SAN MATEO COUNTY
You are invited to offer your suggestions. In order that you may know our method of conducting
Board business, we proceed as follows:
The regular meetings of the South San Francisco Oversight Board for the Successor Agency to the
City of South San Francisco Redevelopment Agency are held on the third Tuesday of each month at
2:00 p.m. in the in the Large Conference Room, Top Floor at City Hall, 400 Grand Avenue, South
San Francisco, California.
In accordance with California Government Code Section 54957.5, any writing or document that is a
public record, relates to an open session agenda item, and is distributed less than 72 hours prior to a
regular meeting will be made available for public inspection in the City Clerk's Office located at City
Hall. If, however, the document or writing is not distributed until the regular meeting to which it
relates, then the document or writing will be made available to the public at the location of the
meeting, as listed on this agenda. The address of City Hall is 400 Grand Avenue, South San
Francisco, California 94080.
In compliance with Americans with Disabilities Act, if you need special assistance to participate in
this meeting, please contact the South San Francisco City Clerk's Office at (650) 877-8518.
Notification 48 hours in advance of the meeting will enable the City to make reasonable
arrangements to ensure accessibility to this meeting.
Chairperson: Selected by:
Neil Cullen Largest Special District of the type in H&R
Code Section 34188
Vice Chair: Selected by:
San Mateo County Superintendent of Schools
Assistant Superintendent, Business Services
South San Francisco Unified School District
Alternate: Alejandro Hogan
Superintendent, South San Francisco Unified School District
Board Members: Selected by:
Mark Addiego Mayor of the City of South San Francisco
Councilmember, City of South San Francisco
Barbara Christensen Chancellor of California Community College
Director of Community/Government Relations,
San Mateo County Community College District
Reyna Farrales San Mateo County Board of Supervisors
Deputy County Manager, San Mateo County
Paul Scannell San Mateo County Board of Supervisors
(Public Member)
Billy Gross Mayor of the City of South San Francisco
Senior Planner, City of South San Francisco
Counsel
Craig Labadie
Advisory:
Richard Lee—Finance Director, City of South San Francisco
Alex Greenwood—Director of Economic and Community Development, City of South San Francisco
Steve Mattas —City Attorney, City of South San Francisco
Krista Martinelli—City Clerk, City of South San Francisco
Armando Sanchez—Redevelopment Consultant, City of South San Francisco
CALL TO ORDER
ROLL CALL
PLEDGE OF ALLEGIANCE
AGENDA REVIEW
OVERSIGHT BOARD REGULAR MEETING FEBRUARY 17,2015
AGENDA PAGE2
COMMUNICATIONS FROM STAFF
PUBLIC COMMENTS
Comments from members of the public on items not on this meeting agenda. The Chair may set time
limit for speakers. Since these topics are non-agenda items, the Board may briefly respond to
statements made or questions posed as allowed by the Brown Act (Government Code Section
54954.2). However, the Board may refer items to staff for attention, or have a matter placed on a
future agenda for a more comprehensive action report.
MATTERS FOR CONSIDERATION
1. Motion to approve the Minutes of the Regular Meeting of January 20, 2015.
2. Resolution approving Recognized Obligation Payment Schedule(ROPS 15-16A)
for the period July through December 2015. (Joe Martin, Sr. Financial Analyst).
ADJOURNMENT
OVERSIGHT BOARD REGULAR MEETING FEBRUARY 17,2015
AGENDA PAGE3
GULAR MEETING
MINUTES FDAFT
aR�" OVERSIGHT BOARDS FOR THE
SUCCESSOR AGENCY TO THE CITY OF
SOUTH SAN FRANCISCO
REDEVELOPMENT AGENCY
P.O. Box 711 (City Hall, 400 Grand Avenue)
South San Francisco, California 94083
CITE' HALL
LARGE CONFERENCE ROOM, TOP FLOOR
400 GRANT) AVENUE
TUESDAY, JANUARY 20, 2O 15
2:00 P.M.
CALL TO ORDER Time: 2:00 pm.
ROLL CALL Present. Boardmembers Addiego, Christensen,
Gross and Scannell and Chairperson Cullen.
Absent. Boardmember Farrales and Vice Chairperson
Emberger.
PLEDGE OF ALLEGIANCE
Recited.
AGENDA VIEW
It was determined that Item 2 would be heard after Item 3. The Items are reflected in the order they
were hear in the body of these minutes.
COMMUNICATIONS FROM STAFF
None..
PUBLIC COIVII!"t.ENTS
None,
MATTERS FOR CONSIDERATION
1. Motion to approve the Minutes of the Regular Meeting of October 21, 2014.
Motion- Boardmember Addiego/Second- Boardmember Christensen - to approve the Minutes of the
Regular Meeting of October 21, 2014. Approved by the following vote. AYES: Boardmembers
Addiego, Christensen, Scannell and Gross, and Chair Cullen; NOES: None; ABSTAIN: None;
ABSENT: Boardmember Farrales and Vice Chair Ernsberger.
3. Resolution No 1-2015 approving an amended and restated License Agreement
with Pacific Gas & Electric, a California Corporation, for vacant, unimproved sites
on Antoinette Lane (APN 93-312-0501) and Mission Road (APN 93-312-060) in
South San Francisco. (Mike Lappen, Economic Development Coordinator).
Motion- Boardmember Scannell/Second- Boardmember Christensen -to approve Resolution 1-2015.
Approved by the following vote: AYES: Boardmembers Addiego, Christensen, Scannell and Gross,
and Chair Cullen; NOES: None; ABSTAIN: None; ABSENT: Boardmember Farrales and Vice Chair
Emsberger.
1 Resolution No, 2-2015 authorizing the Executive Director to enter into a Revenue
Sharing Agreement for Commercial Space at 636 El Camino Real with the City of
South San Francisco, County of San Mateo, South San Francisco Unified School
District, San Mateo County Community College District, San Mateo County Flood
Control District Colma Creek Flood Control Zone, Willow Gardens Parks and
Parkways Maintenance District and San Mateo County Harbor District. (Armando
Sanchez, Housing Consultant) (companion report to CC & OSB item)
Motion- Boardmember Scannell/Second- Boardmember Christensen -to approve Resolution 2-2015.
Approved by the following vote AYES: Boardmembers Addiego, Christensen, Scannell and Gross,
and Chair Cullen; NOES: None; ABSTAIN: None; ABSENT: Boardmember Farrales and Vice Chair
Ernsberger.
ADJOURNMENT
Being no further business, Chair Cullen adjourned the meeting at 2:36 P.M.
Submitted: Approved:
7
sta artinelli, Cl Neil Cullen, Chairperson
Oversi t Board for the Successor Oversight Board for the Successor
Agency to the South San Francisco Agency to the South San Francisco
Redevelopment Agency Redevelopment Agency
OVERSIGHT BOARD REGULAR MEETING JANUARY 20, 2015
MINUTES PAGE 2
o�TA SA`V
Redevelopment Successor Agency Oversight Board
E'. n
v c9tIFOR�1�o Staff Report
DATE: February 17, 2015
TO: Members of the Oversight Board
FROM: Richard Lee, Director of Finance
SUBJECT: APPROVAL OF THE DRAFT RECOGNIZED OBLIGATION PAYMENT
SCHEDULE FOR THE PERIOD JULY THORUGH DECEMBER 2015
RECOMMENDATION
It is recommended that the Oversight Board approve the attached resolution and draft
Recognized Obligation Payment Schedule (RODS 15-16A) for the period July through
December 2015.
BACKGROUND/DISCUSSION
Attached is the proposed ROPS for the next six month period (15-16A). This ROPS will form the
basis for the County's distribution of Redevelopment Property Tax Trust Fund dollars (RPTTF, or
former RDA property taxes) to the Successor Agency to pay enforceable obligations for the period
July through December 2015. Assembly Bill 1484 requires the ROPS to be submitted to the State
and County no later than March 3, 2015. The Successor Agency reviewed the proposed RODS and
approved its submittal to the Oversight Board on February 11, 2015.
The proposed BOPS 15-16A includes the following highlights:
• The biannual $3 million contribution to the Oyster Point Ventures Disposition and
Development Agreement (DDA) Escrow Account. These are the funds that the
Redevelopment Agency was obligated under a DDA to set aside to fund the initial
infrastructure improvements to facilitate Oyster Point Ventures' potential future development
of a biotech campus at Oyster Point. After this ROPS 15-16A deposit, there will be $27
million set aside in the escrow account plus interest earnings. If the development does not
occur by the trigger points/timelines established in the DDA, those dollars will ultimately
flow back to all taxing entities, including the City.
• Continued use of remaining housing bond proceeds for the development of affordable
housing for two sites in the downtown. In December 2014, bond proceeds of$921,600 were
used to fiend pre-development costs of these properties by the Brookwood Group. $1.5
million in bond proceeds remain for further development of these properties.
Staff Report
Subject: Recognized Obligation Payment Schedule for January through June 2015
Page 2
CONCLUSION
Adoption of this resolution and schedule will fulfill the requirements of Health and Safety Code
Section 34177(1) regarding adoption of a ROPS 15-16A for the period July through December 2015.
By: Approved:���'���� ✓
Richard Lee Mike Futrell
Finance Director ,`City Manager
Attachments: Resolution
Exhibit A - Draft ROPS
Exhibit B - Support for Administrative Costs Appearing on the Draft RODS
Exhibit C - Support for Other Revenues Appearing on the Draft ROPS
1M/RL/MF kj
RESOLUTION NO.
OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE
REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO
APPROVING A RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS) AND
ADMINISTRATIVE BUDGET FOR THE PERIOD JULY THROUGH DECEMBER
2015, PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177(1)
WHEREAS, pursuant to Health and Safety Code Section 34177(1), before each six-month
fiscal period, the Successor Agency to a dissolved Redevelopment Agency is required to prepare
a draft Recognized Obligation Payment Schedule ("ROPS") that lists all of the obligations that
are "enforceable obligations" within the meaning of Health and Safety Code Section 34177, and
which identifies a source of payment for each such obligation from among (1) bond proceeds, (ii)
reserve balances, (iii) the administrative cost allowance, (iv) revenues from rents, concessions,
interest earnings, loan repayments, or asset sales, or (v) the Redevelopment Property Tax Trust
Fund established by the County Auditor-Controller to the extent no other source of funding is
available or payment from property tax is contractually or statutorily required; and
WHEREAS, the draft ROPS must be concurrently submitted to the County
Administrative Officer, the County Auditor-Controller, the State Department of Finance and the
Oversight Board established to review Successor Agency actions; and
WHEREAS, pursuant to Health and Safety Code Section 341770), the Successor Agency
also must prepare a proposed administrative budget and submit it to the Oversight Board for
approval, including the estimated amounts for Successor Agency administrative costs for the
upcoming six-month fiscal period and proposed sources of payment for those costs; and
WHEREAS, once the ROPS is approved by the Oversight Board, the ROPS must be
posted on the Successor Agency's website and transmitted to the County Auditor-Controller, the
State Department of Finance, and the State Controller.
NOW, THEREFORE, the Oversight Board for 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 Recognized Obligation Payment Schedule (ROPS) and administrative budget for
the period July 1 through December 31, 2015 attached hereto as Exhibit A are hereby approved.
3. The Finance Director is authorized to modify the ROPS to correct errors and provide
clarifications consistent with requirements of the Department of Finance and the intent of this
Resolution.
4. The City Manager or designee is authorized and directed to take all actions necessary
to implement this Resolution, including without limitation, the submittal of the ROPS to 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 ROPS on the Successor
Agency's website.
5. The Oversight Board Chairperson or Vice Chairperson in his absence is hereby
authorized to certify the ROPS.
I hereby certify that the foregoing Resolution was regularly introduced and adopted by
the Oversight Board of the Successor Agency to the Redevelopment Agency of the City of South
San Francisco at a regular meeting held on the 17`" of February, 2015 by the following vote:
AYES:
NOES:
ABSTAIN:
ABSENT:
ATTEST:
City Clerk
2147387.1
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EXHIBIT B
! ... .
JUy :fie irr II ' .'
Professional &Specialized Services
Staff Consultant (Armando Sanchez) $20,000.00
Legal Consultants (Meyers Nave &Craig Labadie) $25,000.00
Subtotal $45,000.00
Meeting expenses, office supplies,
postage, copies, printing services, special
Supplies and Services noticing etc... $10,000.00
Subtotal $10,000.00
Position Title FTE Employee Costs
FY15-16 (Semi-
Annual)
Director of Finance 4% $ 11,740.09
Adminstrative Assistant II 5% $ 7,000.65
Assistant City Manager 4% $ 13,364.60
City Manager 2% $ 7,209.51
Sr Accountant 3% $ 5,145.39
ECD Coordinator 3% $ 5,860.12
Management Analyst 5% $ 7,778.50
ECD Director 3% $ 6,652.74
Accounting Assistant II 3% $ 3,321.58
Sr Financial Analyst 5% $ 8,575.65
Miscellaneous staff 3% $ 6,571.61
City Clerk 3% $ 6,779.55
Subtotal 40% 1 90,000.00
IGRAND TOTAL $145,000.00
Notes:
1 -- Staff costs include payroll, benefits, and retirement costs
2 -- Payment source for six month period is from the Administrative Allowance
3 -- Maximum administrative costs are based on 3%the total estimated net new funding needs on the ROPS
Exhibit C ROPs 15-16A
SUPPORT FOR ESTIMATED OTHER REVENUES APPEARING ON THE
JULY THROUGH DECEMBER 2015 ROPS
(Includes a True Up component for Other Revenues estimated on ROPS 14-15A)
Estimated Other Revenue
Item# Source of Revenue Six Month Total
1) Rents $ 224,400.00
2) Interest on Investments $ 1,000.00
3) Interest from Business Loans $ -
4) Principal from Business Loans $ -
Estimated Repayment from Oyster Point Impact Fee
5) Interfund Loan $ -
Total Other Revenue, July to December 2015 $ 225,400.00
Other Revenue From Prior Periods
Difference between ROPS 14-15A estimated Other
6) Revenue and Actual Revenue $ 119,945.03
Excess Cash Balance reported to DOF in October
7) 12014 $ 118,144.00
Total Available Other Funds $ 463,489.03
Rounded Total Used on ROPS $ 463,500.00