HomeMy WebLinkAbout2016-01-13 e-packet @7:01 SPECIAL MEETfNG
SUCCESSOR AGENCY
OF THE
CITY OF SOUTH SAN FRANCISCO
IFO P.O. BOX 711 (City Hall, 400 Grand Avenue
South San Francisco, California 94083
Meeting to be held at
MUNICIPAL SERVICES BUILDING
COUNCIL CHAMBERS
33 ARROYO DRIVE
SOUTH SAN FRANCISCO, CA
WEDNESDAY, JANUARY 13, 2016
7:01 P.M.
NOTICE IS HEREBY GIVEN, pursuant to Section 54956 of the Government Code of the
State of California, that the Successor Agency to the City of South San Francisco Redevelopment
Agency will hold a Special Meeting on Wednesday, the 131h day of January, 2016, at 7.01 P.M., in
the Municipal Services Building, Council Chambers, 33 Arroyo Drive, South San Francisco,
California.
Purpose of the meeting:
1. Call to Order.
2. Roll Call.
3. Agenda Review.
4. Public Comments—comments are limited to items on the Special Meeting
Agenda.
5. Resolution 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 ("'ROPS") for the period July 2016 through June 2017 (BOPS 16-
17), Pursuant to Health and Safety Code Section 34177(1). (Richard Lee,
Finance Director).
6. Adjournment.
City Cl k. I,-
Successor Agency To The Redevelopment Agency
� IFQ ft
Staff Report
DATE: January 13, 2016
TO: Chair and Successor Agency Board
FROM: Richard Lee, Director of Finance
SUBJECT: A RESOLUTION 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 (ROPS) FOR THE PERIOD JULY 2016 THROUGH JUNE 2017 (ROPS
16-17)
RECOMMENDATION
It is recommended that the Successor Agency adopt a resolution reviewing a draft
Recognized Obligation Payment Schedule (ROPS 16-,17) for the period July 2016 through
June 2017 and approving the submittal to the Oversight Board to the South San Francisco
Redevelopment Agency (Oversight Roard).
BACKGROUND/DISCUS SION
Attached for the Successor Agency Board's review is the proposed ROPS for Fiscal Year 2016-17.
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 2016 through June 2017. This is the first annual ROPS since the
enactment of State legislation that modified the ROPS period fi-om six months to one year. ROPS
16-17 must be submitted to the State and County no later than February 1, 2016. The ROPS will
be reviewed by the Oversight Board later this month. Although ROPS 16-17 covers the entire
fiscal year, we will be allowed to submit an amended ROPS for the period January to June 2017 by
October 1, 2016, if we need to do so.
The proposed ROPS 16-17 includes the following highlights:
$58 million for final payment of debt service on the 2006 Tax Allocation Bonds at the
earliest call date of September 1, 2016. Funding for this item will be from escrow and
reserve accounts set aside for this purpose, with no new RPTTF funding requested. The
funding of the escrow account was approved by the Oversight Board on May 8, 2012.
Staff Deport
Subject: Recognized Obligation Payment Schedule for July 2016 through June 2017
Page 2
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 fund pre-development costs of these properties by the Brookwood Group, $1.5
million in bond proceeds remain for further development of these properties.
CONCLUSION
Adoption of this resolution will enable the Successor Agency to forward the proposed BOPS to the
Oversight Board on January 29, 2016 in order to fulfill the obligation under Health and Safety Code
Section 34177(0)(1) regarding adoption of a RODS 16-17 for the period July 2016 through .Tune
2017.
By: Approved: ,..." �.
Richard Lee " like Futrell,
;'Director of Finance City Manager
Attachments: Resolution
Exhibit A - Draft BOPS
Exhibit B - Support for Administrative Costs Appearing on the Draft RODS
Exhibit C - Support for Other Revenues Appearing on the Draft RODS
RL MF:kj
RESOLUTION NO.
RESOLUTION 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
(ROPS) FOR THE PERIOD JULY 2016 THROUGH JUNE
2017 (ROPS 16-17), PURSUANT TO HEALTH AND SAFETY
CODE SECTION 34177(1)
WHEREAS, pursuant to Health and Safety Code Section 34177(1), before each 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 (i) 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, 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
Controller and the State Department of Finance.
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 Recognized Obligation Payment Schedule (ROPS) attached hereto as Exhibit A
was reviewed by the Successor Agency and will be submitted to the Oversight Board.
3. The City Finance Director is authorized to modify the draft ROPS to correct errors, to
update the ROPS if necessary as a result of the 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 is authorized to incorporate the items on the ROPS into the 2016-17
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 2016 through June 2017
ROPS, as approved by the Oversight Board, in up to the amounts specified on the
approved ROPS for such items, unless specifically directed otherwise by the Board.
I hereby certify that the foregoing Resolution was regularly introduced and adopted by
the Successor Agency to the former Redevelopment Agency of the City of South San Francisco
at a special meeting held on the 13th day of January, 2016 by the following vote:
AYES:
NOES:
ABSTAIN:
ABSENT:
ATTEST:
City Clerk
k M N k m m k k
k 2 R / % / f / IT
00 o e \ w a co
/ �
0 G
C) 0 k k 0
� N g ci \ N k
�
co
E / 3 / I- / / 0 ± °
2 0 o a o n m C) IT p
< k /
F / L ^ ^N
6
E L ® ® 2
�
■
E
E
�
m E
� 2 k
k \ �
oN
< / r »
§ ± LL
_
j = m
k / _ $ 2
m / J \ \
z CO
)
§ \ R L
0 ..
C s 0
r +
/ m §
g/ _
$ t
§: ƒ 0/
O m io LL 0 )o LL w
k R § E k J Q
m m = _
7 \ U f / § CO \ /
u LL 4— k % % / E
o
k k k % M \ k
_ > 0 o = _
c [ Icum
CD
c LL
\ CO \ \ \ \ \
: _ ± g = « 2 7 » \ 0
« ± _ \ 2 0 - n o' _
0 0 = 5
2 � % E 7 \ / LU Co % 3 7 0 (D cu e o _ n
/ ° 0 \ \ CO
o ° k E k 2 :E � ° § 2 =
§ S $ f $ ƒ J [ £ o g = /
< : o \ i J 3 o z < 2 0 ƒ 2
L $ � \ 2 \ /
% y o2
/ / § �U
U § < co o e w ± e = e F = 7
/ j } ƒ ƒ f /
LO O M O LO O O O O O O O O
d O O O r O O O O O O O O W
V O LO O M O O O O O O O O LO
5 d LO O Ln O N Co O O M O O O V
Y (n O d r V c0 N M N O LO N N O LO
O o Lc)
a
0
Z Z Z Z Z Z Z Z Z Z Z Z Z Z Z Z Z',Z Z Z Z',Z Z Z Z Z
O o I� o N M OM o V T M M o o V Oo`1(NO co ON O :: (43 o o o W o
a) C O co O V c0 V N O �_N I�V co O co 6}M N co h M c0 Co LO LO d
C O N O O) co LO co O) co O co O I O)co C6 h... N h c0 I� Ln V d
co co M T V d O co M N c0 Co LO co'c0 N CO cl'Co O) I� O 4f)
(p I�Ln d r N V O co co Co el'N.M_ c4 d". Ln d'
ID O m 9 co in co N O M r N c0
H Y Q 9 LD
a 0 `o
O
fl
U �
= O N
O Q
d
+• a
GI o C O — C C U >
0 Q 9 a-.o C C a) = O a) N N a
o u, °- Q Q : to v °�
O o Tno o
m 0 0 00 00 00 00 00 00 00
o o M Lo o �2'�c) o Ln
o ( v
11 69 69 69 69 69 69 69 69 69 69 69 69 69
0 O
C O 0 O
> a0 O O
Lo
Q
0 o o 0 0 0
oo oo oo oo oo oo oo
a o_ co co Ln o co Lo
C
o
�
O V
Z�
O
m x a 0 o
O LO
r LL Lo N
O 0 q
C �
� Z C
N O a) a3
D m
> fl
a
d
) a
o o aa))
N z m o
a
Lo o o) o Lo o o o o o o o o
o o o o o o O o o o o o co
Q V O Lo O co O O O O O O O O Lo
O)Lo O Lo O 0 co Lo O O Lo O LO V
CO O) N O
O 0
N 0 Lo
o u�u�u�
O o o
oo oo oo
d I� o o Ln
3 i a Q
O 16
� N �LL 69
O
E oo M oo oo oo oo oo oo
GI 0 a o o Co m Lo o O
C C O Q o N
a E s o
� T 00 �
m 16 —
o oo m
o o
O Z C a 2 o o Ln a
Z f� LL N N
E a) L
� N a � T 0
t
Q. o a) 0�LO
o o
N T y a Z 0 - o
o
C a) N o
0 � m (D M
V
U a 69
N O
oc
> 0 N co
O a W N n
"i co
V J O o o Lo
C O m o Ln LM
z a
i
LL Efl
C
t o o O O 0 0 0 o o O 4
++ o 0 0 0 0 o o U o U U U o U
3 Q m m m m s s �
{n T U U C C C C G C C
H O O O O ` ` a) a) a) a) O o..a) a) O N
C C C C C E E E _ _ i� C
U 4 00 O O o (D a) o o o o, O a)
m a s a a o o m� m -c .' r3. r3 a
0 a) a) a) a) U U C C C C C C C (9 a)Y 4 J J O O G
p �o �o wo pp (D m m� T5 o U > > 6 as w w
-O -O �.�_ C'
a s a a) o 0 0 0 0 o Q Q Q Q o o v a N
C C M C M C M a) Q.p .p .p o C M ,
O ON ON ON a) a) d d a) a) �'.a a 2'.E E ON
mm� m m_ LL LL 00 a a ae LCje Q d d!» map-
a
C C a C a
co CO CO Q CO N N'C'L• O O a)
o m
(6 m m f/) m w w w (6 CO
O 2 2 - O a
9 o O a) O Q Q Q L L L L(Y.0... (fl (fl 9 9 N a) I-
Q- U = 0 C Cd aaa a)a} in oOU — o
0 x Q m a) u 0 0 o o u u u u o o .�L-. m o m
W W u, E E T T, o o N
o z z o 0 0 0 0 o E E E E c c,�' �' c c'�' m a
ro m m 0 U Y Y o o Z z z z o o n o o o'er ° o 0
o u, Q o v o C C °)°)Q Q Q Q Z Z o o d= O
E .o o � u, u, o o a)Q Q E E E E U U in in o o a m E
a) E o E o >> > o o.. o. o In a) Q
C c n n.o o o o = _m m O O a o m W
.o aZi aZi aZi Q Q a°a° a°��in°mm .0 ai ai wO O O U U'fu.C C�� in in inm Q 'E E o o a oo)a) a) o o o T (p m s3 L3,a a v ° rn�� m m O O 0J-J-F- nn Q d ci.QQ LLQ � o—
M V I� W O N
��2 V(O I�� N M V l()0 r W r I�� ' ' '., Lo LO LO LO LO (4
Q E
0
a
a
ow
3¢ a U
`v U ' 0 d a o
a O N �tCO CO 0 '0
2 0 0 O N m Of
N
° s o aX)aa o °r w =o O
w o m U o 0 0 m n _ 0 Ir
N Ir tr o o o U
> rn .C°- w �s 3� w
a m0 �� o¢ �co- - o
o= m a o
3 rn a oo �m o 0 o ua ¢
C U-s N N N O E Q E - N (O os 0 - E 3 0 Q 4 0� N E O O� 3 y
9 E t-a O N U3 > O N 0
N O U" W to N'6 N N O O
t0 U N O'� U M, T y'- N Y N ¢t' w
N 'N6 N LL N > N F a F 0 3
w 000 07
U 0
d'(O O m sz O N d N Q N
O M I� N`) 6I a N N N-_
ON Z�N M N V a (6 (6 sz F 0 LL N U)
m o2 Ir �.. N a W F ` x0
O L N N 6 F
(6 O O N N N N E) Ir E N E
O V > 6 O
E�Naa N E °� E'6 C 3w
t N N¢ Q N'� N Q E N N d
YO N w Y U3 M N N N Q N cO N N N-6
m O W O _0 N W U N = N a F 0`
t O E °� u Ir
U a E
U) E o u a mIr o U - w U.wv °NIr
Q N M t) �-C M W V h N
10 IXI i0 M I� N m
p O LL E m ..... .:x: a m co M
W = F a-a O (4 M N N O M
¢ E O 0 .1' M m _ V N m
C LL (6 a N N (4 N M
O LL O ¢
iz-
Z
V)
f0 O_ N 0 M M O O M
0 U O w w O O w
N N N V N r
N
O m M N w m M
N v (J fi N in ro 0 cu m m v of v
0 y w O d' N O O N •::d m m N 0
7 W N U3 N
� d �
E U
Q = t m aO LL V
Z LL v
8 F O 0
O 4 U `O
O)
W m p a U) Z U)LL o N M a) m m m d
wU)
D a -6 O O
fC Q in E
0 O_D 4 U)
d a
v Q� z u> u> u>
w E m o�
m
m �o
O) a 0 N o
O �
p N N
O w O
i O m O
m y V O
. O
O O O % N
U m m ry N
O N - O O N y m N 0 O
0 N
O O O In, V
LL Y N U 'N s m N vi vi of
fC N
O m fA fA fA
a` O
a3 o a o A a
� o Y E o
0 E u s E N s
> O O Q O W _`
N V w
.�- E O O C
C O
^ 0 LL in 4 A (0 4 A fM m
iq E .�? O E m
r o O r O n O
F v -iE n mom, v �� C
a N F 15 C N A N a C
o °_ na n° ° vu A °cam cQ`a � � 2 vo
a o a o
m N A Ir? W A O K m fh N C LL O Ir w F-` m
v
O C A M.L.. N m a N N + V (p t (m0 m a U
T U N m a A s r. F U II N m V F O m L a
_
o A U a
CO a w w o >
m -o N
v E w w U o ' °- a
U
E E EE nU o 'A>
w A
v <ia = E cEo Qc Wad � Ea � 0 � N
a
Omw n mcL m¢om oN° w
o
C U) OI >F 0 Op.M v F N LL V O c D v F Ul 0 v F Z
c
co mcr w? KIr 2) m WU U)mV KIr U WO KIr 2) w
v a a
a i a w c N M v in co Om r m m
c 0 N N 7 O L
L
CL
0 (n c O O fn QN
r ° 0 U Q c N N N
O cn Q +' a) LO n p -0
Q O .>' 2 N N N
N
�_ _
O N � � L L CO O
a c �
M O 0 O
L O
N O N
.L E
O CL (n E °' 0 cL
N O >
L N O � O 7 00 N
L H
CL (n N •c M 0 O N
Q Z 1 U •N O H c U "O
N
O L m E N co
L Q- 0 O c N
+�+ c U E L C
U +�+ O O N LL O
N
r E 0 O O Z ''
O
O U c O O p N N
N a� m a? a a�i Q -
is .0 CL O
A m w w o M CO M
3 E m vi o a� c
y n O ca a� ° n
+� Q v°i � m° °' E L
O N O N L p N 0
Z E L +' N �
c
�. N N Q m L
I� Q U m > t N N
a+
— O ++
r ocfl O m -0 0
C m a L 0 O W cr
d U 0- p d E -o O 00 O
a0 c O Lp O_ - tm 0
w c M Y
LO.... '- LO N N 0 p
H Q 0 0 ~ c > N N 0
+J N m o
n U �`n LO
= 0 0 � c c a)
x O aci f° ° - > ° m
w t +J ca L c c c 7D LL +J a
(1) (D = ca p ca o U O aci
-0 o c0� (Lo a� 0 E
c a� o o L
w ca •E 1- c E aa)
E 0 o L
o .D c C O
�(o O 0 -0 c ° 0LO cQ
cc Q\ N N n (n N N N N
d O O "a p N (n -0 Q
c o — � U m c o .c E
Q O c O_ O•- O c
i+ -O - -0 0 O - c -0 0 >+0 0
(c c m N U O ca O N a"' m o
M U N N U M in O
++ N L N L O O
' Lo N Q U N C O
M �U•, 0 0 7 N C o z
Q in E OL N 0 Ll N
C —
N m M 0 c E c � Q S (0 M (n
0 ca 2 M c m07 c +J 2
rn > Lx
v o o 0 0 0 o c °� •0 c ai
+J c _
o a�
U '2) N N O >+ — LL >
0 -0(1)� w w � o O � � L U5 M CO CO° Q d CO ° c
N1 L
� c 0) � -�0
0L.L
�n
ay
O (1) o n _
(A a o m n
° E Oi � E 0 O O O N 0 � oao
LL E -00 U N N> - j N
O
O 0 D � �•, � O C cc O
N M(O N a)— _ 00 - M
V c O 0 N
E O LO 'Q (n O C
44.0 +�+ �_ Q Lo N N w c,
3 O d 0 �} a� > ri Lp
Z o c`a 0 off 0 0 n0 m ° � Q
C\j LO co N LO M
O
LO
d � �
�' fh Nt LO
EXHIBIT A
EXHIBIT B
RODS 1 -1
JLally 2016. - h.ine 2017.
Estimated Cost Estimated Cost Total
Professional&Specialized Services Jul-Dec 2016 Jan-Jun 2017 FY 16-17
Staff Consultant(Armando Sanchez) $18,000 $18,000 $36,000
Legal Consultants(Meyers Nave&Craig Labadie) $23,000 $23,000 $46,000
Subtotal $41,000 $41,000 $82,000
Supplies and Services
Meeting expenses,office supplies,postage,copies,printing
services,special noticing,etc. $10,000 $10,000 $20,000
Subtotal $10,000 $10,000 $20,000
Staff Wages and Benefits
Position Title
Director of Finance $ 6,000 $ 6,000 $ 12,000
Adminstrative Assistant II $ 2,000 $ 2,000 $ 4,000
Assistant City Manager $ 4,000 $ 4,000 $ 8,000
City Manager $ 3,000 $ 3,000 $ 6,000
Sr Accountant $ 4,000 $ 4,000 $ 8,000
Economic Development and Housing Manager $ 10,000 $ 10,000 $ 20,000
Management Analyst $ 12,000 $ 12,000 $ 24,000
ECD Director $ 6,000 $ 6,000 $ 12,000
Accountant I $ 3,000 $ 3,000 $ 6,000
Sr Financial Analyst $ 15,000 $ 15,000 $ 30,000
Miscellaneous staff $ 4,000 $ 4,000 $ 8,000
City Clerk $ 5,000 $ 5,000 $ 10,000
Subtotal $ 74,0001 $ 74,0001$ 148,000
IG TOTAL I $ 125,000 $ 125,000 $ 250,000
Notes:
1 Staff costs include payroll,benefits,and retirement costs
2 Payment source for these costs is the RPTTF Administrative Cost Allowance(ROPS items 47 and 48)
3 Maximum administrative costs are the greater of$250,000 or 3%of the prior year RPTTF funding
Page 6 of 7
O O O O
O O O R
O O O O
O O O O
O O O O
O O O O
co (6 N N W)
LL
EA EA EA EA EA bf}
O O O O O
(n O O O O
CL O O O O
O N D O O O O
N ^ O O W
L N m N
M N O
Z LU -a c
Z (2)
c co LU -co)
w cf>
LU O O O O
2 O O O O
O M > 0 0 0 0 0
o F- N o o
L ��
o4fl H Yr/ �_ E
� C-4 O0 -
a
_ m
a�
J co
LU E 5
U (n
LL
W F- Z
DO
CL 0 L
CL
a c o
LU o J oco
J � O
CL
Co >
N N m Q .O N
C EO
L
O
—
O O N LL
cu y+
v
cn � j O
U E CO
O N .O .O L N O
(n d w H
E
N N M LO