HomeMy WebLinkAboutSA Reso 02-2021 (21-904)City of South San Francisco P.O. Box 711 (City Hall,
400 Grand Avenue)
South San Francisco, CA
Successor Agency
Resolution: RES 02-2021
File Number: 21-904 Enactment Number: RES 02-2021
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 AND ADMINISTRATIVE
BUDGET FOR THE PERIOD JULY 1, 2022 THROUGH
JUNE 30, 2023, PURSUANT TO THE HEALTH AND
SAFETY CODE SECTIONS 34177(J) AND 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records, buildings, and equipment of the former RDA and, except as repealed, restricted, or revised by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, HSC Section 341770) 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 a ROPS for the July 1, 2022 through June
30, 2023 fiscal period ("ROPS 22-23"), 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, 2022; and
WHEREAS, the Successor Agency to the Former Redevelopment Agency of the City of South
San Francisco has prepared an administrative budget for the period July 1, 2022 to June 30, 2023
("Administrative Budget") as set forth in the attached Exhibit B; and
WHEREAS, the Oversight Board will review ROPS 22-23 and the Administrative Budget on
January 10, 2022; and
City of South San Francisco Page 1
File Number. 21-904
Enactment Number. RES 02-2021
WHEREAS, the Successor Agency desires to approve the ROPS 22-23 and the Administrative
Budget and transmit it to various parties as required by the Dissolution Act; and
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 22-23 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. In accordance with HSC Section 341770), the Successor Agency hereby approves the
Administrative Budget for the period July 1, 2022 through June 30, 2023, attached hereto as
Exhibit B, contingent upon approval by the Oversight Board at its meeting on January 11,
2022;
4. The City Finance Director or designee is authorized to modify the draft ROPS 22-23 and the
Administrative Budget to correct errors, to update the ROPS 22-23 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;
5. 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 22-23 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 22-23 on the Successor Agency's
website;
6. The Finance Director or designee is authorized to incorporate the items on the ROPS into the
2022-23 operating budget once the ROPS is approved;
7. 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.
8. 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, 2022 through June 30,
2023 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.
Attachments:
Exhibit A - South San Francisco's Successor Agency's Draft ROPS 22-23
Exhibit B - South San Francisco's Successor Agency's Fiscal Year 22-23 Administrative Budget
City of South San Francisco Page 2
File Number. 21-904
Enactment Number: RES 02-2021
At a meeting of the Special Successor Agency to the Redevelopment Agency on 12/8/2021, a
motion was made by Vice Chair Nicolas, seconded by Boardmember Coleman, that this Resolution be
approved. The motion passed.
Yes: 5 Chair Nagales, Boardmember Coleman, Boardmember Addiego, Vice Chair
Nicolas, and Boardmember Flores
Attest by (904 d)�* 4k--,
tosa Govea Acosta, City Clerk
City of South San Francisco Page 3
Successor Agency:South San Francisco Successor Agency
County:San Mateo County
Current Period Requested Funding for Enforceable Obligations (ROPS Detail)
22-23A Total
(July - December)
22-23B Total
(January - June)ROPS 22-23 Total
A Enforceable Obligations Funded as Follows (B+C+D):231,620$ -$ 231,620$
B Bond Proceeds -$ -$ -$
C Reserve Balance -$ -$ -$
D Other Funds 231,620$ -$ 231,620$
E Redevelopment Property Tax Trust Fund (RPTTF) (F+G):1,737,852$ -$ 1,737,852$
F RPTTF 1,719,472$ -$ 1,719,472$
G Administrative RPTTF 18,380$ -$ 18,380$
H Current Period Enforceable Obligations (A+E):1,969,472$ -$ 1,969,472$
Certification of Oversight Board Chairman:Signature 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.Signature Title
Recognized Obligation Payment Scehdule (ROPS 22-23) - Summary
Filed for the July 1, 2022 through June 30, 2023 Period
A B C D E F G H I J K L M N O P Q R S T U V W
Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF
25,338,055$ 1,969,472$ -$ -$ 231,620$ 1,719,472$ 18,380$ 1,969,472$ -$ -$ -$ -$ -$ -$
12 Oyster Point Ventures DDA OPA/DDA/Construction 3/23/11 11/11/26 Oyster Pt Ventures,
LLC
DDA Sections 3.2.1 Phase IC Improvements and
3.4.1 Improvement Costs Merged 1,282,585 N 1,524,642$ 1,524,642$ 1,524,642$ -$
13 Oyster Point Ventures DDA OPA/DDA/Construction 3/23/11 11/11/26 Various
contractors/staff
DDA Section 5.2 Environmental Indemnification
Merged 18,513,268 N -$ -$ -$ -$
14 Oyster Point Ventures DDA Project Management Costs 3/23/11 11/11/26 Legal/Staff costs Soft project management costs Merged 629,295 N 194,830$ 194,830$ 194,830$ -$
16 Harbor District Agreement Improvement/Infrastructure 3/25/11 11/11/26 Harbor District Secs. 5.0 lease rev; 7.0 temp. office Merged 1,793,248 N -$ -$ -$
17 Harbor District Agreement Project Management Costs 3/25/11 11/11/26 Legal/Staff costs Soft project management costs Merged 798,341 N -$ -$ -$
21 Train Station Imprvmnts Ph 1(pf1002)Remediation 3/11/09 12/31/14 TechAccutite/Wisley
Ham
Contracted work-site remediation
Merged 87,494 N -$ -$ -$
22 Train Station Imprvmnts Phase 1 Project Management Costs 3/11/09 12/31/14 Staff Costs Soft project management costs Merged 9,309 N -$ -$ -$
23 Train Station Imprvmnts Phase 2 Remediation 12/9/09 12/31/14 Various contractors Site remediation per Cal Trans Agrmt.Merged 620,000 N -$ -$ -$
24 Train Station Imprvmnts Phase 2 Project Management Costs 12/9/09 12/31/14 Legal/Staff costs Soft project management costs Merged 148,115 N -$ -$ -$
48 Administration Costs Admin Costs 2/1/12 11/11/26 Legal/Staff costs Costs to administer Successor Agency Merged 1,090,000 N 250,000$ 231,620$ 18,380$ 250,000$ -$
51 Accrued PERS Pension Obligations Unfunded Liabilities 1/1/80 6/30/16 CalPERS Costs incurred through 02/01/2012 Merged 168,800 N -$ -$ -$
52 Accrued Retiree Health Obligations Unfunded Liabilities 1/1/80 6/30/16 CalPERS Retiree Benefit
Trust (CERBT)
Costs incurred through 02/01/2012
Merged 197,600 N -$ -$ -$
22-23A
Total
22-23B (January - June)
Fund Sources
South San Francisco Recognized Obligation Payment Schedule (ROPS 22-23) - ROPS Detail
July 1,2022 through June 30, 2023
(Report Amounts in Whole Dollars)
South San Francisco Successor Agency Recognized Obligation Payment Schedule (ROPS 22-23) - ROPS Detail
July 1,2022 through June 30, 2023
(Report Amounts in Whole Dollars)
Item #Project Name/Debt Obligation Obligation Type
Contract/Agreement
Execution Date
Contract/Agreement
Termination Date Payee Description/Project Scope Project Area
Total Outstanding
Debt or Obligation
22-23B
TotalRetired
ROPS 22-23
Total
22-23A (July - December)
Fund Sources
A B C D E F G H
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 07/01/19)
RPTTF amount should exclude "A" period distribution amount
- - 39,080,416 7,613,661 626,343
E: Funds reserved in Oyster Point Escrow Account
($37,819,402) + Reserve Balances applied to ROPS
19-20 Item 48 ($136,234) and ROPS 20-21 Item 13
($532,911) + PPA reserved for ROPS 20-21
($591,869). F: Other Funds reserved for ROPS 19-
20 ($389,263), 20-21 ($3,311,924), and 21-22
($3,912,474). G: PPA applied to ROPS 19-20
($626,343)
2 Revenue/Income (Actual 06/30/20)
RPTTF amount should tie to the ROPS 19-20 total distribution
from the County Auditor-Controller
5,805,980 1,571,214 -
E: Deposits and interest earned Oyster Point Escrow
Account (5,805,980). F: Other Funds revenues from
Rents and Interest ($330,321), Commercial Rehab
Loan ($30,893), and City repayment for Oyster Point
"Advance to Other Funds" ($1,210,000)
3 Expenditures for ROPS 19-20 Enforceable Obligations
(Actual 06/30/20)
4,636,234 1,728,857 626,343
E: Oyster Point Escrow Account drawdowns to make
payments pursuant to DDA ($4,500,000) + Item 48
Reserve Balance expense ($136,234). F and G:
Matches PPA 19-20.
4 Retention of Available Cash Balance (Actual 06/30/20)
RPTTF amount retained should only include the amounts
distributed as reserve for future period(s)
40,250,162 7,224,398
E: Funds reserved for Oyster Point Escrow Account
($39,125,382) + ROPS 20-21 Item 13 ($532,911) +
PPA reserved for ROPS 20-21 ($591,869). F:
Other Funds reserved for ROPS 20-21 ($3,311,924)
+ ROPS 21-22 ($3,912,474).
5 ROPS 19-20 RPTTF Prior Period Adjustment
RPTTF amount should tie to the Agency's ROPS 19-20PPA
form submitted to the CAC
-
6 Ending Actual Available Cash Balance (06/30/20)
C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5)
-$ -$ -$ 231,620$ -$ F: Applied to ROPS 22-23 Item 12
No entry required
South San Francisco Successor Agency Recognized Obligation Payment Schedule (ROPS 22-23) - Report of Cash Balances
July 1, 2019 through June 30, 2020
(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. For tips on how to complete the Report of Cash Balances Form, see Cash Balance Tips Sheet.
ROPS 19-20 Cash Balances
(07/01/19 - 06/30/20)
Fund Sources
Comments
Bond Proceeds
Item #Notes/Comments
South San Francisco Recognized Obligation Payment Schedule (ROPS 22-23) - Notes July 1, 2022 through June 30, 2023
Successor Agency to the Former South San Francisco Redevelopment Agency
ROPS 22-23 Administrative Cost Allowance Budget
Period: 7/1/22 to 6/30/23
Description of Cost/Expense Amount Documentation
Staff salaries, benefits, and payroll taxes 170,000$
Overhead costs and supplies 1,000$
Professional Services - SA Consulting, RSG, Inc. (prepare ROPS, PPA,
cash flow/budgeting, DOF and County Coordination)25,000$ RSG Contract pending
Professional services - Auditors 4,000$
Maze & Associates
Contract
Professional Services - Legal, Meyers Nave 50,000$ Meyers Nave Contract
Total 250,000$
Exhibit B