HomeMy WebLinkAbout12.13.2023@631 Special SuccesorWednesday, December 13, 2023
6:31 PM
City of South San Francisco
P.O. Box 711 (City Hall, 400 Grand Avenue)
South San Francisco, CA
Library Parks & Recreation Building, Council Chambers
901 Civic Campus Way, South San Francisco, CA
Special Successor Agency to the Redevelopment Agency
JAMES COLEMAN, Chair (District 4)
EDDIE FLORES, Vice Chair (District 5)
MARK ADDIEGO, Boardmember (District 1)
MARK NAGALES, Boardlmember (District 2)
BUENAFLOR NICOLAS, Boardmember (District 3)
ROSA GOVEA ACOSTA, Board Clerk
FRANK RISSO, City Treasurer
SHARON RANALS, City Manager
SKY WOODRUFF, City Attorney
Special Meeting Agenda
1
December 13, 2023Special Successor Agency to the
Redevelopment Agency
Special Meeting Agenda
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Page 2 City of South San Francisco Printed on 12/11/2023
2
December 13, 2023Special Successor Agency to the
Redevelopment Agency
Special Meeting Agenda
CALL TO ORDER
ROLL CALL
AGENDA REVIEW
PUBLIC COMMENTS: Comments are limited to items on the Special Meeting Agenda.
ADMINISTRATIVE BUSINESS
Report regarding a resolution of the successor agency to the redevelopment agency of
the City of South San Francisco, reviewing and approving a recognized obligation
payment schedule and administrative budget for fiscal year 2024-25 (Karen Chang,
Director of Finance)
1.
Resolution of the successor agency to the 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, 2024, through June 30, 2025,
pursuant to Health and Safety Code Sections 34177(J) AND 34177(L)
1a.
ADJOURNMENT
Page 3 City of South San Francisco Printed on 12/11/2023
3
City of South San Francisco
Legislation Text
P.O. Box 711 (City Hall, 400
Grand Avenue)
South San Francisco, CA
File #:23-1053 Agenda Date:12/13/2023
Version:1 Item #:1.
Report regarding a resolution of the successor agency to the redevelopment agency of the City of South San
Francisco, reviewing and approving a recognized obligation payment schedule and administrative budget for
fiscal year 2024-25 (Karen Chang, Director of Finance)
RECOMMENDATION
It is recommended that the Successor Agency to the Redevelopment Agency of the City of South San Francisco
(“Successor Agency”)adopt a resolution approving the Recognized Obligation Payment Schedule and
Administrative Budget for Fiscal Year 2024-25 as required by State law.
BACKGROUND/DISCUSSION
The State Legislature dissolved all California redevelopment agencies in 2012.The Successor Agency is
responsible for winding down the affairs of the former Redevelopment Agency of the City of South San
Francisco (“RDA”).This includes completing projects that were under contract with the RDA prior to
dissolution.
State law requires successor agencies to request funding for obligations on an annual basis.The Recognized
Obligation Payment Schedule 24-25 (“ROPS 24-25”)requests funding for Fiscal Year 2024-25.The Successor
Agency must adopt an Administrative Budget for the same time period.
Enforceable obligations are funded by property tax revenues from former redevelopment project areas and
other sources,such as repayments of loans issued by the RDA.Funds that are not committed on the ROPS are
distributed to taxing agencies that serve former redevelopment project areas such as the City,County,schools,
and special districts.
The ROPS must be approved by the San Mateo Countywide Oversight Board (“Oversight Board”)and
California Department of Finance (“DOF”).The Oversight Board will consider the ROPS 24-25 on January 8,
2024.The ROPS must be submitted to DOF by February 1,2024,who will make a determination by April 15,
2024.If the ROPS is not submitted to DOF on time,the City and Successor Agency could be subject to a civil
penalty of $10,000 per day.
DISCUSSION
The ROPS 24-25 requests $544,519 to fund the following obligations:
·Items 12-14 -Oyster Point Project DDA -The Successor Agency administers a Disposition and
Development Agreement (“DDA”)dated March 23,2011 between the RDA,City,and Oyster Point
Ventures,LLC,which was ultimately assigned and assumed by the current developer KR Oyster Point /
KR-TRS (“Kilroy”or “developer”).The RDA negotiated the DDA to redevelop a former landfill into a
life science workplace known as Oyster Point.The Successor Agency is responsible for certain costs
related to environmental remediation and construction.
ROPS Item 12 relating to Oyster Point development costs requests no funding this period.The
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ROPS Item 12 relating to Oyster Point development costs requests no funding this period.The
Successor Agency anticipates that funding received in prior years will cover remaining DDA obligations
which have been scaled back based on current cost estimates.
The project is currently implementing Oyster Point Phase 2C landscape improvements.The
improvements are expected to proceed in December 2023 with completion May 2024.Work includes
resurfacing the parking lot and bay trail,landscaping in the BCDC area along the bay trail,and
landscape tune up at the parking area.This includes parking lot,driveway,and pedestrian paving
improvements with curb cuts with truncated domes and striping;landscape planting and irrigation;
lighting; picnic tables benches and accessories; and dedicated dog park construction.
Future work includes installation of a new pump station for the Oyster Point Marina area.This is
expected to take place between August 2024 and July 2025.
The Successor Agency is responsible for funding this work under Sections 3.4.1 and Exhibit 3.4.1 of the
DDA.While the Successor Agency anticipates that prior ROPS funding will cover remaining
obligations,it is possible that additional funding will be necessary in the future if there are unforeseen
circumstances that increase costs.If this occurs,the Successor Agency will request funding on future
ROPS.
ROPS Item 13 relates to the Successor Agency’s indemnification obligation under Section 5.2 of the
DDA due to potential exposure arising from former solid waste landfill.No funds are requested this
period.
ROPS Item 14 requests $177,307 for project-related staff,consultant,and legal costs to implement the
Oyster Point project.This includes reimbursing the City for time the Public Works Director,City
Manager,and other staff spend administering the project as detailed in Exhibit A.The costs are
estimated based on average hours per month.
Taxing Agency Benefit from Oyster Point
The Successor Agency’s investment in the Oyster Point project will result in a significant increase in
annual property tax revenues by adding over $2 billion in estimated new development value.On the
Fiscal Year 2023-24 property tax bills,the properties had a secured value of over $1 billion,resulting in
over $10.4 million in annual property tax revenue,compared to $840,000 in annual property tax
revenues in 2011)Values are expected to increase as the project continues to be developed.Assuming
2%growth in annual assessed values,taxing agencies will benefit from nearly $856 million in estimated
property tax revenues between 2024 and 2050.
·Item 48 -Administrative Cost Allowance -The Successor Agency requests $171,677 for Fiscal Year
2024-25 administrative expenses, which is within the threshold set forth under Health and Safety Code.
·Item 73 -San Mateo Community College District Litigation Costs -The Successor Agency requests
$195,535 for legal services related to litigation with the San Mateo Community College District
(“District”).In 2020,the District filed a claim for additional funds under a pass-through agreement
entitled an Agreement to Alleviate Financial Burden or Detriment from the South San Francisco
Downtown-Central Redevelopment Project (the “Agreement”)Following a lengthy negotiation,the
District and Successor Agency entered into arbitration,pursuant to the terms of the Agreement.The
Arbitrator found that the District is not entitled to the funds that it claimed.
The Successor Agency incurred $218,816 in legal fees and costs related to the arbitration.Of this
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The Successor Agency incurred $218,816 in legal fees and costs related to the arbitration.Of this
amount,$23,281 was reimbursed to the Successor Agency by the District.The remaining $195,535 in
legal fees is requested on the ROPS as an enforceable obligation under Health and Safety Code Section
34171(d)(1)(F)(ii),which reads in part “contracts or agreements necessary for the administration or
operation of the successor agency,…,including …agreements concerning litigation expenses related to
assets or obligations…”.
·Other Enforceable Obligations -ROPS Items 16 and 17 are related to an agreement with the San Mateo
County Harbor District for dock improvements.There are no anticipated Successor Agency costs in
Fiscal Year 2024-25.These obligations remain listed on the ROPS in case there are eligible costs in the
future.
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 2024-25 is
attached as Exhibit B.
Staff has prepared an administrative budget of $171,677 for Fiscal Year 2024-25 to cover professional services
(including preparation of the ROPS and auditor fees)and staff costs and overhead required to administer
obligations and prepare legally mandated reports.The requested administrative cost allowance is within the
$250,000 threshold set forth under Health and Safety Code section 34171.
CONCLUSION
Adoption of the proposed ROPS 24-25 and Administrative Budget is necessary to obtain funding for Fiscal
Year 2024-25 obligations and are required by State law.
Attachments:
1.Exhibit A - ROPS 24-25 Item 14 Oyster Point Soft Cost Estimate
2.Exhibit B - Administrative Budget for FY 24-25
3.Exhibit C - ROPS 24-25
4.Exhibit D - PowerPoint Presentation
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ROPS Period
Obligations Period
Item Staff Tasks
Hourly Rate
(Burdened)# of Hours per month Requested
Successor Agency
Engineering
Management Staff costs
Philip Vitale, Deputy CIP
Director
Project and contract management specific to Oyster
Point DDA project (through Dec 2024)171.06$ 10 10,264$
Successor Agency
Engineering
Management Staff costs
Eunejune Kim, Public Works
Director
Project and contract management specific to Oyster
Point DDA project 243.51$ 10 29,221$
Successor Agency
Engineering
Management Staff costs
West Coast Code
Consultants Inc. - WC-3
Daily project management; cost management;
coordination with contractor, developer and other
regulatory agencies 225.00$ 40 108,000$
Successor Agency
Project Management
Staff Costs
Sharon Ranals, Successor
Agency Executive Director
Overall project management, coordination with
developer, staff and legal counsel 301.73$ 1 3,621$
Nell Selander, Director of
Economic & Community
Development
Overall project management, coordination with
developer, staff and legal counsel 238.04$ 4 11,426$
Jennifer Clemente, Financial
Services Manager
Contract interpretation, implementation and
dispute resolution for all contracts related to the
enforceable obligations included in the DDA 152.16$ 2 3,652$
Legal Expenses Meyers Nave
Contract interpretation, implementation and
dispute resolution for all contracts related to the
enforceable obligations included in the DDA 463.50$ 2 11,124$
Total 177,307$
SUCCESSOR AGENCY SOUTH SAN FRANCISCO
Oyster Point IIC DDA Soft Project Management costs
24-25
July 2024-June 2025
7
23-24 24-25
July 2023-June 2024 July 2024-June 2025
Staff Description Requested Actual Variance Requested Requested Variance Comment/Explanation for Variance
City Manager Agency and project administration 44,116$ 44,116$ -$ 49,467$ 36,208$ 13,259$
Director, Econ & Comm Dev Agency and project administration 9,621$ 9,621$ 0$ 13,643$ 28,565$ (14,921)$
Deputy Dir, Econ & Comm Dev Agency and project administration 8,467$ 8,467$ 0$ 10,857$ -$ 10,857$
Economic Development Coordinator Agency and project administration 8,267$ 8,267$ 0$ 8,269$ -$ 8,269$
Management Analyst II Agency and project administration 9,903$ 9,903$ 0$ 7,005$ -$ 7,005$
Management Analyst I Agency and project administration 9,903$ 9,903$ 0$ 5,241$ -$ 5,241$
Administrative Assistant I Agency and project administration 4,236$ 4,236$ 0$ 4,249$ -$ 4,249$
City Clerk Agency meeting administration 3,659$ 3,659$ 0$ 3,469$ 4,688$ (1,220)$
Deputy City Clerk Agency meeting administration 2,743$ 2,743$ (0)$ 1,969$ 2,320$ (350)$
City Clerk Records Technician Agency meeting administration 857$ 857$ (0)$ 1,685$ 1,611$ 75$
Director, Finance Agency administration 38,902$ 38,902$ -$ 40,318$ 19,635$ 20,683$
Deputy Director, Finance Agency administration 11,721$ 11,664$ 57$ 12,648$ -$ 12,648$
Senior Accountant Agency administration 15,152$ 15,152$ (0)$ 20,917$ 7,102$ 13,815$
Administrative Assistant II Agency administration 2,942$ 2,942$ (0)$ 3,902$ 4,550$ (648)$
Rounding Adjustment Agency administration (490)$ -$ (490)$ (639)$ (639)$
170,000$ 170,432$ (432)$ 183,000$ 104,677$ 78,323$
Vendor/Payee Description Requested Actual Variance Requested Requested Variance
RSG, Inc Successor Agency Consultant 25,000$ 16,610$ 8,390$ 25,000$ 25,000$ -$
Maze and Associates Auditor 4,000$ 4,000$ -$ 6,000$ 4,000$ 2,000$ Adjust for recent actual costs
Meyers Nave Legal Counsel 50,000$ 101$ 49,899$ 30,000$ 30,000$ -$
BNY Mellon SSF Escrow Deposit & Trustee 1,250$ (1,250)$ 2,500$ 4,000$ (1,500)$ Cost varies annually
Willdan Financial Services
Continuing Disclosure
Agent/Arbitrage -$ 2,500$ 4,000$ (1,500)$ Cost varies annually
Overhead Supplies, facilities, etc. 1,000$ -$ 1,000$ 1,000$ 1,000$
80,000$ 21,961$ 58,039$ 67,000$ 67,000$ -$
250,000$ 192,393$ 57,607$ 250,000$ 171,677$ 78,323$
Sub-Total (Other Costs)
Grand Total
ADMINISTRATIVE BUDGET
SOUTH SAN FRANCISCO SUCCESSOR AGENCY
Sub-Total (Personnel Costs)
22-23
July 2022-June 2023
ROPS Period
Obligations Period
Total Outstanding Obligations ($)
Total Number of Outstanding Obligations
21,977,699$
7
Please specify budget methodology (Cost Allocation, Time Study
etc) Cost Allocation
Adjustments for salary/benefits and estimated
hours
8
Recognized Obligation Payment Schedule (ROPS 24-25) - Summary
Filed for the July 1, 2024 through June 30, 2025 Period
Successor Agency: South San Francisco
County: San Mateo
Current Period Requested Funding for Enforceable
Obligations (ROPS Detail)
24-25A Total
(July -
December)
24-25B Total
(January -
June)
ROPS 24-25
Total
A Enforceable Obligations Funded as Follows (B+C+D) $ 544,519 $ - $ 544,519
B Bond Proceeds - - -
C Reserve Balance - - -
D Other Funds 544,519 - 544,519
E Redevelopment Property Tax Trust Fund (RPTTF) (F+G) $ - $ - $ -
F RPTTF - - -
G Administrative RPTTF - - -
H Current Period Enforceable Obligations (A+E) $ 544,519 $ - $ 544,519
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
9
South San Francisco
Recognized Obligation Payment Schedule (ROPS 24-25) - ROPS Detail
July 1, 2024 through June 30, 2025
A B C D E F G H I J K N Q
Item
# Project Name Obligation Type
Agreement
Execution
Date
Agreement
Termination
Date
Payee Description Project
Area
Total
Outstanding
Obligation
Retired
ROPS
24-25
Total
ROPS 24-25A
(Jul - Dec) 24-25A
Total Fund Sources
Other Funds
$21,977,699 $544,519 $544,519 $544,519
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 - N $- - $-
13 Oyster Point Ventures DDA OPA/DDA/
Construction
03/23/
2011
11/11/2026 Various
contractors/staff
DDA Section 5.2 Environmental Indemnification Merged 18,513,268 N $- - $-
14 Oyster Point Ventures DDA Project
Management
Costs
03/23/
2011
11/11/2026 Legal/Staff costs Soft project management costs Merged 177,307 N $177,307 177,307 $177,307
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 $- - $-
48 Administration Costs Admin Costs 07/01/
2024
06/30/2025 Legal/Staff costs Costs to administer Successor Agency Merged 500,000 N $171,677 171,677 $171,677
73 San Mateo Community College
District Litigation
Litigation 07/01/
2022
06/30/2025 Legal costs /
Meyers Nave
Litigation expenses that are an enforceable obligation
under HSC 34171(d)(1)(F)(ii)
Merged 195,535 N $195,535 195,535 $195,535
10
South San Francisco
Recognized Obligation Payment Schedule (ROPS 24-25) - Report of Cash Balances
July 1, 2021 through June 30, 2022
(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 21-22 Cash Balances
(07/01/21 - 06/30/22)
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 07/01/21)
RPTTF amount should exclude "A" period distribution
amount.
22,676,763 4,332,607 E: Funds reserved for Oyster Point Escrow
Account ($22,676,763) F: Other Funds
reserved for ROPS 21-22 ($3,912,474) +
ROPS 22-23 ($231,620) + ROPS 23-24
($188,513)
2 Revenue/Income (Actual 06/30/22)
RPTTF amount should tie to the ROPS 21-22 total
distribution from the County Auditor-Controller
7,752,518 1,521,494 4,327,729 E: Deposits and interest earned Oyster Point
Escrow Account ($7,752,518). F: Other
Funds revenues from Interest ($60,269),
Commercial Rehab Loan ($16,224), City
Advance repayment to Successor Agency
($1,445,000)
3 Expenditures for ROPS 21-22 Enforceable Obligations
(Actual 06/30/22)
15,705,096 3,912,474 4,137,495 E: Drawdowns from Oyster Point Escrow
Account F and G: Other Funds and RPTTF
expenses match PPA 21-22
4 Retention of Available Cash Balance (Actual 06/30/22)
RPTTF amount retained should only include the amounts
distributed as reserve for future period(s)
14,724,185 420,133 E: Funds reserved for Oyster Point Escrow
Account ($14,724,185) F: Other Funds
reserved for ROPS 22-23 ($231,620) and
ROPS 23-24 ($188,513).
11
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 21-22 Cash Balances
(07/01/21 - 06/30/22)
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
5 ROPS 21-22 RPTTF Prior Period Adjustment
RPTTF amount should tie to the Agency's ROPS 21-22 PPA
form submitted to the CAC
No entry required 190,234 PPA 21-22
6 Ending Actual Available Cash Balance (06/30/22)
C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5)
$- $- $- $1,521,494 $-
12
South San Francisco
Recognized Obligation Payment Schedule (ROPS 24-25) - Notes
July 1, 2024 through June 30, 2025
Item # Notes/Comments
12
13
14
16
17
48
73
13
South San Francisco
ROPS 24-25
1 14
ROPS 24-25$544,519 REQUESTED
2
ROPS Item Requested
Item 12
Oyster Point Project Costs $0
Item 14
Oyster Point Project Mgnt $177,307
Item 48
Admin Cost Allowance $171,677
Item 73
Litigation Costs $195,535
Total Requested $544,519
Entire Request from Other Funds
15
Oyster Point Site Plan
16
Vision for Oyster Point
Kilroy Realty
17
Oyster Point IIC
Existing Conditions
18
Oyster Point IICImprovement Plan
19
OYSTER POINT DDA PROPERTY TAX IMPACT
7
Property Tax
Estimates
Annual
2011: $840,000
2024: $24 million
2043: $35 million
Cumulative
(2% Growth from 2024)
2030: $180 million
2040: $484 million
2050: $855 million
20
OYSTER POINT DDAPROJECT MANAGEMENT (ITEM 14)
Position Tasks Average
Hrs/Mo
Fully
Loaded
Hr Rate
Total
Annual
Cost
Deputy Capital
Improvement Projects
Director
Project and contract management specific
to Oyster Point DDA project
10 $171.06 $10,264
Public Works Director Project and contract management specific
to Oyster Point DDA project
10 $243.51 $29,221
Project Management
Services (WC-3)
Daily project management; cost
management; coordination with contractor,
developer and other regulatory agencies
40 $225.00 $108,000
City Manager / Successor
Agency Executive Director
Overall project management, coordination
with developer, staff and legal counsel
1 $301.73 $3,621
Director of Economic &
Community Development
Overall project management, coordination
with developer, staff and legal counsel
4 $238.04 $11,426
Financial Services Manager Support cost/contract management,
payment of project invoices, transfers
between escrow accounts
2 $152.16 $3,652
Legal Services (Meyers
Nave)
Contract interpretation, implementation and
dispute resolution for all contracts related to
the enforceable obligations included in the
DDA
2 $463.50 $11,124
Total Estimated Budget $177,307
8 21
ADMINISTRATIVE BUDGETFY 2024-25 (ITEM 48)
9
Description of Cost/Expense Amount
Staff salaries, benefits, and payroll taxes $104,677
Professional Services – Successor Agency Consulting (RSG, Inc.)25,000
Professional Services – Auditors (Maze & Associates)4,000
Professional Services – Legal (Meyers Nave)30,000
Professional Services – Oyster Point Escrow Account Trustee &
Continuing Disclosure 8,000
Total Budget $171,677
22
LITIGATION EXPENSESFY 2024-25 (ITEM 73)
10
Description of Cost/Expense Amount
Total Legal Fees and Costs for Arbitration $218,816
Costs Reimbursed by District ( 23,281)
Remaining Obligation $195,535
Enforceable obligation under HSC 34171(d)(1)(F)(ii)
Contracts or agreements necessary for successor agency administration
or operation including agreements concerning litigation expenses related
to assets or obligations
23
ROPS 24-25$544,519 REQUESTED
11
ROPS Item Requested
Item 12
Oyster Point Project Costs $0
Item 14
Oyster Point Project Mgnt $177,307
Item 48
Admin Cost Allowance $171,677
Item 73
Litigation Costs $195,535
Total Requested $544,519
Entire Request from Other Funds
24
NEXT STEPS
Successor Agency forwards ROPS
to Oversight Board
Oversight Board meeting on
January 8, 2024
ROPS due to DOF February 1, 2024
DOF Determination due by April
15, 2024
Property Tax Revenue distributed
6/1/24 and 1/2/25
25
City of South San Francisco
Legislation Text
P.O. Box 711 (City Hall, 400
Grand Avenue)
South San Francisco, CA
File #:23-1054 Agenda Date:12/13/2023
Version:1 Item #:1a.
Resolution of the successor agency to the 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,
2024, through June 30, 2025, pursuant to 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 Redevelopment Agency of the City of South San Francisco (“RDA”)was
dissolved as of February 1, 2012; and
WHEREAS,the Successor Agency to the 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 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,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 a ROPS for the July 1,2024 through June 30,2025 fiscal
period (“ROPS 24-25”),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, 2024; 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 1,2024 to June 30,2025 (“Administrative Budget”)
as set forth in the attached Exhibit B; and
WHEREAS,the Oversight Board will review ROPS 24-25 and the Administrative Budget on January 8,2024;
and
WHEREAS,the Successor Agency desires to approve the ROPS 24-25 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;
City of South San Francisco Printed on 12/8/2023Page 1 of 2
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File #:23-1054 Agenda Date:12/13/2023
Version:1 Item #:1a.
2.The draft ROPS 24-25,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 34177(j),the Successor Agency hereby approves the Administrative
Budget for the period July 1,2024 through June 30,2025,attached hereto as Exhibit B,contingent upon
approval by the Oversight Board at its meeting on January 8, 2024;
4.The City Finance Director or designee is authorized to modify the draft ROPS 24-25 and the
Administrative Budget to correct errors,to update the ROPS 24-25 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 24-25 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 24-25 on the Successor Agency’s website;
6.The Finance Director or designee is authorized to incorporate the items on the ROPS into the 2024-25
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; and
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 1,2024 through June 30,2025 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 12/8/2023Page 2 of 2
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Recognized Obligation Payment Schedule (ROPS 24-25) - Summary
Filed for the July 1, 2024 through June 30, 2025 Period
Successor Agency: South San Francisco
County: San Mateo
Current Period Requested Funding for Enforceable
Obligations (ROPS Detail)
24-25A Total
(July -
December)
24-25B Total
(January -
June)
ROPS 24-25
Total
A Enforceable Obligations Funded as Follows (B+C+D) $ 544,519 $ - $ 544,519
B Bond Proceeds - - -
C Reserve Balance - - -
D Other Funds 544,519 - 544,519
E Redevelopment Property Tax Trust Fund (RPTTF) (F+G) $ - $ - $ -
F RPTTF - - -
G Administrative RPTTF - - -
H Current Period Enforceable Obligations (A+E) $ 544,519 $ - $ 544,519
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
28
South San Francisco
Recognized Obligation Payment Schedule (ROPS 24-25) - ROPS Detail
July 1, 2024 through June 30, 2025
A B C D E F G H I J K N Q
Item
# Project Name Obligation Type
Agreement
Execution
Date
Agreement
Termination
Date
Payee Description Project
Area
Total
Outstanding
Obligation
Retired
ROPS
24-25
Total
ROPS 24-25A
(Jul - Dec) 24-25A
Total Fund Sources
Other Funds
$21,977,699 $544,519 $544,519 $544,519
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 - N $- - $-
13 Oyster Point Ventures DDA OPA/DDA/
Construction
03/23/
2011
11/11/2026 Various
contractors/staff
DDA Section 5.2 Environmental Indemnification Merged 18,513,268 N $- - $-
14 Oyster Point Ventures DDA Project
Management
Costs
03/23/
2011
11/11/2026 Legal/Staff costs Soft project management costs Merged 177,307 N $177,307 177,307 $177,307
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 $- - $-
48 Administration Costs Admin Costs 07/01/
2024
06/30/2025 Legal/Staff costs Costs to administer Successor Agency Merged 500,000 N $171,677 171,677 $171,677
73 San Mateo Community College
District Litigation
Litigation 07/01/
2022
06/30/2025 Legal costs /
Meyers Nave
Litigation expenses that are an enforceable obligation
under HSC 34171(d)(1)(F)(ii)
Merged 195,535 N $195,535 195,535 $195,535
29
South San Francisco
Recognized Obligation Payment Schedule (ROPS 24-25) - Report of Cash Balances
July 1, 2021 through June 30, 2022
(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 21-22 Cash Balances
(07/01/21 - 06/30/22)
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 07/01/21)
RPTTF amount should exclude "A" period distribution
amount.
22,676,763 4,332,607 E: Funds reserved for Oyster Point Escrow
Account ($22,676,763) F: Other Funds
reserved for ROPS 21-22 ($3,912,474) +
ROPS 22-23 ($231,620) + ROPS 23-24
($188,513)
2 Revenue/Income (Actual 06/30/22)
RPTTF amount should tie to the ROPS 21-22 total
distribution from the County Auditor-Controller
7,752,518 1,521,494 4,327,729 E: Deposits and interest earned Oyster Point
Escrow Account ($7,752,518). F: Other
Funds revenues from Interest ($60,269),
Commercial Rehab Loan ($16,224), City
Advance repayment to Successor Agency
($1,445,000)
3 Expenditures for ROPS 21-22 Enforceable Obligations
(Actual 06/30/22)
15,705,096 3,912,474 4,137,495 E: Drawdowns from Oyster Point Escrow
Account F and G: Other Funds and RPTTF
expenses match PPA 21-22
4 Retention of Available Cash Balance (Actual 06/30/22)
RPTTF amount retained should only include the amounts
distributed as reserve for future period(s)
14,724,185 420,133 E: Funds reserved for Oyster Point Escrow
Account ($14,724,185) F: Other Funds
reserved for ROPS 22-23 ($231,620) and
ROPS 23-24 ($188,513).
30
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 21-22 Cash Balances
(07/01/21 - 06/30/22)
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
5 ROPS 21-22 RPTTF Prior Period Adjustment
RPTTF amount should tie to the Agency's ROPS 21-22 PPA
form submitted to the CAC
No entry required 190,234 PPA 21-22
6 Ending Actual Available Cash Balance (06/30/22)
C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5)
$- $- $- $1,521,494 $-
31
South San Francisco
Recognized Obligation Payment Schedule (ROPS 24-25) - Notes
July 1, 2024 through June 30, 2025
Item # Notes/Comments
12
13
14
16
17
48
73
32
23-24 24-25
July 2023-June 2024 July 2024-June 2025
Staff Description Requested Actual Variance Requested Requested Variance Comment/Explanation for Variance
City Manager Agency and project administration 44,116$ 44,116$ -$ 49,467$ 36,208$ 13,259$
Director, Econ & Comm Dev Agency and project administration 9,621$ 9,621$ 0$ 13,643$ 28,565$ (14,921)$
Deputy Dir, Econ & Comm Dev Agency and project administration 8,467$ 8,467$ 0$ 10,857$ -$ 10,857$
Economic Development Coordinator Agency and project administration 8,267$ 8,267$ 0$ 8,269$ -$ 8,269$
Management Analyst II Agency and project administration 9,903$ 9,903$ 0$ 7,005$ -$ 7,005$
Management Analyst I Agency and project administration 9,903$ 9,903$ 0$ 5,241$ -$ 5,241$
Administrative Assistant I Agency and project administration 4,236$ 4,236$ 0$ 4,249$ -$ 4,249$
City Clerk Agency meeting administration 3,659$ 3,659$ 0$ 3,469$ 4,688$ (1,220)$
Deputy City Clerk Agency meeting administration 2,743$ 2,743$ (0)$ 1,969$ 2,320$ (350)$
City Clerk Records Technician Agency meeting administration 857$ 857$ (0)$ 1,685$ 1,611$ 75$
Director, Finance Agency administration 38,902$ 38,902$ -$ 40,318$ 19,635$ 20,683$
Deputy Director, Finance Agency administration 11,721$ 11,664$ 57$ 12,648$ -$ 12,648$
Senior Accountant Agency administration 15,152$ 15,152$ (0)$ 20,917$ 7,102$ 13,815$
Administrative Assistant II Agency administration 2,942$ 2,942$ (0)$ 3,902$ 4,550$ (648)$
Rounding Adjustment Agency administration (490)$ -$ (490)$ (639)$ (639)$
170,000$ 170,432$ (432)$ 183,000$ 104,677$ 78,323$
Vendor/Payee Description Requested Actual Variance Requested Requested Variance
RSG, Inc Successor Agency Consultant 25,000$ 16,610$ 8,390$ 25,000$ 25,000$ -$
Maze and Associates Auditor 4,000$ 4,000$ -$ 6,000$ 4,000$ 2,000$ Adjust for recent actual costs
Meyers Nave Legal Counsel 50,000$ 101$ 49,899$ 30,000$ 30,000$ -$
BNY Mellon SSF Escrow Deposit & Trustee 1,250$ (1,250)$ 2,500$ 4,000$ (1,500)$ Cost varies annually
Willdan Financial Services
Continuing Disclosure
Agent/Arbitrage -$ 2,500$ 4,000$ (1,500)$ Cost varies annually
Overhead Supplies, facilities, etc. 1,000$ -$ 1,000$ 1,000$ 1,000$
80,000$ 21,961$ 58,039$ 67,000$ 67,000$ -$
250,000$ 192,393$ 57,607$ 250,000$ 171,677$ 78,323$
Sub-Total (Other Costs)
Grand Total
ADMINISTRATIVE BUDGET
SOUTH SAN FRANCISCO SUCCESSOR AGENCY
Sub-Total (Personnel Costs)
22-23
July 2022-June 2023
ROPS Period
Obligations Period
Total Outstanding Obligations ($)
Total Number of Outstanding Obligations
21,977,699$
7
Please specify budget methodology (Cost Allocation, Time Study
etc) Cost Allocation
Adjustments for salary/benefits and estimated
hours
33