HomeMy WebLinkAboutSuccessor Reso 01-2020 (19-1019)City of South San Francisco P.O. Box 711 (City Hall,
400 Grand Avenue)
South San Francisco, CA
Successor Agency
Resolution: RES 01-2020
File Number: 19-1019 Enactment Number: RES 01-2020
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buildings, and equipment of the former RDA and, except as repealed, restricted, or revised by the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(1) 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(1), 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;
City of South San Francisco Page 1
File Number. 19-1019
Enactment Number. RES 01-2020
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 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.
At a meeting of the Special Successor Agency to the Redevelopment Agency on 1/8/2020, a motion was made
by Vice Chair Addiego, seconded by Boardmember Nicolas, that this Resolution be approved. The motion
passed.
Yes: 5 Boardmember Nagales, Boardmember Matsumoto, Vice Chair Addiego, Chair
Garbarino, and Boardmember Nicolas
Attest by LI" 14�� at�k_
osa Govea Acosta, Clerk
City of South San Francisco Page 2
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