HomeMy WebLinkAbout12.11.2024@631 Special Redevelopment Agency MeetingWednesday, December 11, 2024
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
Successor Agency to the Redevelopment Agency
EDDIE FLORES, Chair (District 5)
MARK ADDIEGO, Vice Chair (District 1)
JAMES COLEMAN, Boardmember (District 4)
MARK NAGALES, Boardmember (District 2)
BUENAFLOR NICOLAS, Boardmember (District 3)
ROSA GOVEA ACOSTA, Board Clerk
FRANK RISSO, Agency Treasurer
SHARON RANALS, Executive Director
SKY WOODRUFF, General Counsel
Special Meeting Agenda
December 11, 2024Successor Agency to the
Redevelopment Agency
Special Meeting Agenda
How to submit written Public Comment before the Successor Agency to the Redevelopment
Agency:
Members of the public are encouraged to submit public comments in writing in advance of the meeting
via the eComment tab by 4:31 p.m. on the meeting date. Use the eComment portal by clicking on the
following link: https://ci-ssf-ca.granicusideas.com/meetings or by visiting the City Council meeting's
agenda page. eComments are also directly sent to the iLegislate application used by City Council and
staff.
How to provide Public Comment during the Successor Agency to the Redevelopment Agency:
COMMENTS ARE LIMITED TO THREE (3) MINUTES PER SPEAKER
During a meeting, comments can only be made in person: Complete a Digital Speaker Card located at
the entrance to the Council Chambers. Be sure to indicate the Agenda Item # you wish to address or the
topic of your public comment. When your name is called, please come to the podium, state your name
and address (optional) for the Minutes.
American Disability Act:
The City Clerk will provide materials in appropriate alternative formats to comply with the Americans
with Disabilities Act. Please send a written request to City Clerk Rosa Govea Acosta at 400 Grand
Avenue, South San Francisco, CA 94080, or email at [email protected]. Include your name, address, phone
number, a brief description of the requested materials, and preferred alternative format service at least
24-hours before the meeting.
Accommodations: Individuals who require special assistance of a disability-related modification or
accommodation to participate in the meeting, including Interpretation Services, should contact the
Office of the City Clerk by email at [email protected], 24-hours before the meeting.
Page 2 City of South San Francisco Printed on 12/6/2024
2
December 11, 2024Successor Agency to the
Redevelopment Agency
Special Meeting Agenda
CALL TO ORDER
ROLL CALL
AGENDA REVIEW
LEVINE ACT DISCLOSURES (SB 1181)
If you have donated $250 or more to the campaign of a South San Francisco elected official in the past
twelve (12) months, please read the following paragraphs carefully:
• The Levine Act (Gov. Code § 84308) requires any Party, Agent, or Participant, as defined in
§84308(a), of a proceeding involving any grants, denials, renewals, restrictions, or modifications to any
licenses and permits, entitlements for use, contracts, or franchises (“Proceeding”), to disclose on the
record any contributions they have made to any elected, appointed, or candidate for City Officer totaling
more than $250 within the preceding 12 months.
• The Levine Act also requires any elected, appointed, alternate, or candidate for City Officer who has
received a contribution totaling $250 within the past 12 months from a Party, Agent, or Participant of a
Proceeding to (1) disclose that fact on the record involving the Proceeding and (2) to recuse themselves
from, and in no way attempt to use their official position to influence any decision involving, the
Proceeding.
• Elected, appointed, alternates, or candidates for City Officer are prohibited from accepting, soliciting,
and directing, and Parties, Participants, and Agents are prohibited from making, campaign contributions
of more than $250 while the Proceeding is pending and for 12 months after the date a final decision is
rendered for the Proceeding.
Violations of the Levine Act may result in a civil action brought by the Fair Political Practice
Commission (FPPC) for an amount up to five thousand dollars ($5,000) per violation. Any person who
knowingly or willfully violates any provision of the Political Reform Act is guilty of a misdemeanor and
subject to a fine of up to the greater of ten thousand dollars ($10,000) or three times the amount the
person unlawfully contributed upon conviction for each violation.
PUBLIC COMMENTS - Comments are limited to items on the Special Meeting Agenda
CONSENT CALENDAR
Staff 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 2025-26
(Karen Chang, Director of Finance)
1.
Page 3 City of South San Francisco Printed on 12/6/2024
3
December 11, 2024Successor Agency to the
Redevelopment Agency
Special Meeting Agenda
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, 2025 through June 30, 2026,
pursuant to health and safety code sections 34177(j) and 34177(l)
1a.
ADJOURNMENT
Page 4 City of South San Francisco Printed on 12/6/2024
4
City of South San Francisco
Legislation Text
P.O. Box 711 (City Hall, 400
Grand Avenue)
South San Francisco, CA
File #:24-1116 Agenda Date:12/11/2024
Version:1 Item #:1.
Staff 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 2025-26 (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 2025-26 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 25-26 (“ROPS 25-26”)requests funding for Fiscal Year 2025-26.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 25-26 on January 6,
2025.The ROPS must be submitted to DOF by February 1,2025,who will make a determination by April 15,
2025.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.
DICUSSION
The ROPS 25-26 requests $190,157 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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File #:24-1116 Agenda Date:12/11/2024
Version:1 Item #:1.
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 City is currently implementing Oyster Point Phase 2C landscape improvements.Improvements
include repaving of the upper parking lot and roadway,installation of new accessible pathways,
widening and resurfacing of the Bay Trail,new landscape planting and irrigation,energy efficient
lighting,picnic areas,fitness equipment,and a dedicated dog area.Construction of these improvements
began early 2024.The first phase is opening to the public in November 2024 with the second phase
anticipated to open early 2025.
Future work includes installation of a new pump station for the Oyster Point Marina area.This is
expected to take place between August 2025 and mid-2027.
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 $190,157 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 2024-25 property tax bills,the properties had a secured value of over $1.3 billion,resulting
in over $14.5 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 $879 million in estimated
property tax revenues between 2025 and 2054.
·Item 48 -Administrative Cost Allowance -The Successor Agency requests $0 for Fiscal Year 2025-26
administrative expenses, which is further explained in the next section.
·Item 73 -San Mateo Community College District Litigation Costs -This item has been retired from the
ROPS.
·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 2025-26.These obligations remain listed on the ROPS in case there are eligible costs in the
future.
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File #:24-1116 Agenda Date:12/11/2024
Version:1 Item #:1.
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 2025-26 is
attached as Exhibit B.
Staff has prepared an administrative budget of $0 for Fiscal Year 2025-26.The Dissolution Act sets an
Administrative Cost Allowance cap that is generally 50%of non-administrative Redevelopment Property Tax
Trust Funds (“RPTTF”)received in the prior fiscal year.The Successor Agency is ineligible for an
administrative allowance because it received $0 in non-administrative RPTTF in Fiscal Year 2024-25.The City
will need to cover administrative costs for Fiscal Year 2025-26 due to this limit.
CONCLUSION
Adoption of the proposed ROPS 25-26 and Administrative Budget is necessary to obtain funding for Fiscal
Year 2025-26 obligations and are required by State law.
Attachments:
1.Exhibit A - ROPS 25-26
2.Exhibit B - Administrative Budget for FY 25-26
3.Exhibit C - ROPS 25-26 Item 14 Oyster Point Soft Cost Estimate
4.Exhibit D - ROPS 25-26 SA Power Point Presentation
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Recognized Obligation Payment Schedule (ROPS 25-26) - Summary
Filed for the July 1, 2025 through June 30, 2026 Period
Successor Agency: South San Francisco
County: San Mateo
Current Period Requested Funding for Enforceable
Obligations (ROPS Detail)
25-26A Total
(July -
December)
25-26B Total
(January -
June)
ROPS 25-26
Total
A Enforceable Obligations Funded as Follows (B+C+D) $ 190,157 $ - $ 190,157
B Bond Proceeds - - -
C Reserve Balance - - -
D Other Funds 190,157 - 190,157
E Redevelopment Property Tax Trust Fund (RPTTF) (F+G) $ - $ - $ -
F RPTTF - - -
G Administrative RPTTF - - -
H Current Period Enforceable Obligations (A+E) $ 190,157 $ - $ 190,157
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
8
South San Francisco
Recognized Obligation Payment Schedule (ROPS 25-26) - ROPS Detail
July 1, 2025 through June 30, 2026
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
25-26
Total
ROPS 25-26A (Jul - Dec)
25-26A
Total
ROPS 25-26B (Jan - Jun)
25-26B
Total
Fund Sources Fund Sources
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
$21,734,857 $190,157 $- $- $190,157 $- $- $190,157 $- $- $- $- $- $-
12 Oyster Point
Ventures
DDA
OPA/DDA/
Construction
03/23/
2011
06/30/2027 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
06/30/2027 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
06/30/2027 Legal/Staff
costs
Soft project
management
costs
Merged 380,000 N $190,157 - - 190,157 - - $190,157 - - - - - $-
16 Harbor
District
Agreement
Improvement/
Infrastructure
03/25/
2011
06/30/2027 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
06/30/2027 Legal/Staff
costs
Soft project
management
costs
Merged 798,341 N $- - - - - - $- - - - - - $-
48 Administration
Costs
Admin Costs 07/01/
2025
06/30/2026 Legal/Staff
costs
Costs to
administer
Successor
Agency
Merged 250,000 N $- - - - - - $- - - - - - $-
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 - Y $- - - - - - $- - - - - - $-
9
South San Francisco
Recognized Obligation Payment Schedule (ROPS 25-26) - Report of Cash Balances
July 1, 2022 through June 30, 2023
(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 22-23 Cash Balances
(07/01/22 - 06/30/23)
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 07/01/22)
RPTTF amount should exclude "A" period distribution
amount.
14,724,185 2,131,861 E: Funds reserved for Oyster Point Escrow
Account ($14,724,185) F: Other Funds
reserved for ROPS 22-23 ($231,620) + ROPS
23-24 ($188,513) + 21-22 Revenue
($1,521,494) + Excess PPA 21-22 ($190,234)
2 Revenue/Income (Actual 06/30/23)
RPTTF amount should tie to the ROPS 22-23 total
distribution from the County Auditor-Controller
7,676,935 278,386 1,737,852 E: Deposits and interest earned Oyster Point
Escrow Account ($7,676,935). F: Other
Funds revenues from Interest ($59,274), Misc
($141,391), City Advance repayment to
Successor Agency ($100,000)
3 Expenditures for ROPS 22-23 Enforceable Obligations
(Actual 06/30/23)
5,637,711 231,620 1,737,852 E: Drawdowns from Oyster Point Escrow
Account F and G: Other Funds and RPTTF
expenses match PPA 22-23
4 Retention of Available Cash Balance (Actual 06/30/23)
RPTTF amount retained should only include the amounts
distributed as reserve for future period(s)
16,763,409 537,497 E: Funds reserved for Oyster Point Escrow
Account ($16,763,409) F: Other Funds
reserved for ROPS 23-24 ($188,513) and
ROPS 24-25 ($348,984)
5 ROPS 22-23 RPTTF Prior Period Adjustment
RPTTF amount should tie to the Agency's ROPS 22-23 PPA
No entry required - PPA 22-23
10
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 22-23 Cash Balances
(07/01/22 - 06/30/23)
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
form submitted to the CAC
6 Ending Actual Available Cash Balance (06/30/23)
C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5)
$- $- $- $1,641,130 $- F: 21-22 Revenue ($1,521,494) less Other
Funds held for ROPS 24-25 ($348,984),
22-23 Revenue ($300,665), + Excess PPA
21-22 ($190,234)
11
South San Francisco
Recognized Obligation Payment Schedule (ROPS 25-26) - Notes
July 1, 2025 through June 30, 2026
Item # Notes/Comments
12
13
14
16
17
48
73
12
24-25 25-26
July 2024-June 2025 July 2025-June 2026
Staff Description Requested Actual Variance Requested Requested Variance Comment/Explanation for Variance
City Manager Agency and project administration 49,467$ 49,431$ 36$ 36,208$ 36,208$
Director, Econ & Comm Dev Agency and project administration 13,643$ 13,633$ 10$ 28,565$ 28,565$
Deputy Dir, Econ & Comm Dev Agency and project administration 10,857$ 10,849$ 8$ -$ -$
Economic Development Coordinator Agency and project administration 8,269$ 8,263$ 6$ -$ -$
Management Analyst II Agency and project administration 7,005$ 6,999$ 5$ -$ -$
Management Analyst I Agency and project administration 5,241$ 5,237$ 4$ -$ -$
Administrative Assistant I Agency and project administration 4,249$ 4,246$ 3$ -$ -$
City Clerk Agency meeting administration 3,469$ 3,466$ 3$ 4,688$ 4,688$
Deputy City Clerk Agency meeting administration 1,969$ 1,968$ 1$ 2,320$ 2,320$
City Clerk Records Technician Agency meeting administration 1,685$ 1,684$ 1$ 1,611$ 1,611$
Director, Finance Agency administration 40,318$ 40,289$ 30$ 19,635$ 19,635$
Deputy Director, Finance Agency administration 12,648$ 12,639$ 9$ -$ -$
Senior Accountant Agency administration 20,917$ 20,901$ 15$ 7,102$ 7,102$
Administrative Assistant II Agency administration 3,902$ 3,899$ 3$ 4,550$ 4,550$
Rounding Adjustment Agency administration (639)$ (639)$ -$
183,000$ 183,504$ (504)$ 104,677$ -$ 104,677$
Vendor/Payee Description Requested Actual Variance Requested Requested Variance
RSG, Inc Successor Agency Consultant 25,000$ 20,510$ 4,490$ 25,000$ 25,000$
Maze and Associates Auditor 6,000$ 4,000$ 2,000$ 4,000$ 4,000$
Redwood Public Law Legal Counsel 30,000$ 23,501$ 6,499$ 30,000$ 30,000$
BNY Mellon SSF Escrow Deposit & Trustee 2,500$ 1,250$ 1,250$ 4,000$ 4,000$
Willdan Financial Services Continuing Disclosure Agent/Arbitrage 2,500$ -$ 2,500$ 4,000$ 4,000$
Overhead Supplies, facilities, etc.1,000$ -$ 1,000$ -$
67,000$ 49,261$ 17,739$ 67,000$ -$ 67,000$
250,000$ 232,765$ 17,235$ 171,677$ -$ 171,677$
Sub-Total (Other Costs)
Grand Total
ADMINISTRATIVE BUDGET
SOUTH SAN FRANCISCO SUCCESSOR AGENCY
Sub-Total (Personnel Costs)
23-24
July 2023-June 2024
ROPS Period
Obligations Period
Total Outstanding Obligations ($)
Total Number of Outstanding Obligations
21,734,857$
6
Please specify budget methodology (Cost Allocation, Time Study etc)
Cost Allocation
Agency is ineligible for administrative cost
allowance in 25-26 due to receiving $0 RPTTF in 24-
25
13
ROPS Period
Obligations Period
Item Staff Tasks
Hourly Rate
(Burdened)# of Hours per month Requested
Successor Agency
Engineering
Management Staff costs
Philip Vitale, Deputy CIP
Director
Project and contract management specific to Oyster
Point DDA project 177.11$ 10 21,254$
Successor Agency
Engineering
Management Staff costs
Eunejune Kim, Public Works
Director
Project and contract management specific to Oyster
Point DDA project 261.34$ 10 31,361$
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 232.00$ 40 111,360$
Successor Agency
Project Management
Staff Costs
Sharon Ranals, Successor
Agency Executive Director
Overall project management, coordination with
developer, staff and legal counsel 303.31$ 2 7,279$
Jennifer Clemente, Financial
Services Manager
Contract interpretation, implementation and
dispute resolution for all contracts related to the
enforceable obligations included in the DDA 157.56$ 4 7,563$
Legal Expenses Redwood Public Law
Contract interpretation, implementation and
dispute resolution for all contracts related to the
enforceable obligations included in the DDA 472.50$ 2 11,340$
Total 190,157$
SUCCESSOR AGENCY SOUTH SAN FRANCISCO
Oyster Point IIC DDA Soft Project Management costs
25-26
July 2025-June 2026
14
South San Francisco
ROPS 25-26
1 15
ROPS 25-26$190,157 REQUESTED
2
ROPS Item Requested
Item 12
Oyster Point Project Costs $0
Item 14
Oyster Point Project Mgnt $190,157
Item 48
Admin Cost Allowance $0
Total Requested $190,157
Entire Request from Other Funds
16
Oyster Point Site Plan
17
Vision for Oyster Point
Kilroy Realty
18
Oyster Point IICImprovement Plan
19
Oyster Point IICConstruction Photos
20
Oyster Point IICConstruction Photos
21
Oyster Point IICConstruction Photos
22
OYSTER POINT DDA PROPERTY TAX IMPACT
9
Property Tax Estimates
Annual
2011: $840,000
2025: $15 million
2044: $32 million
Cumulative(2% Growth from 2025)
2034: $232 million
2044: $524 million
2054: $879 million
23
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 $177.11 $21,254
Public Works Director Project and contract management specific
to Oyster Point DDA project
10 $261.34 $31,361
Project Management
Services (WC-3)
Daily project management; cost
management; coordination with contractor,
developer and other regulatory agencies
40 $232.00 $111,360
City Manager / Successor
Agency Executive Director
Overall project management, coordination
with developer, staff and legal counsel
2 $303.31 $7,279
Financial Services Manager Support cost/contract management,
payment of project invoices, transfers
between escrow accounts
4 $157.56 $7,563
Legal Services (Meyers
Nave)
Contract interpretation, implementation and
dispute resolution for all contracts related to
the enforceable obligations included in the
DDA
2 $472.50 $11,340
Total Estimated Budget $190,157
10 24
ADMINISTRATIVE BUDGETFY 2025-26 (ITEM 48)
11
Description of Cost/Expense Amount
Staff salaries, benefits, and payroll taxes $0
Professional Services – Successor Agency Consulting (RSG, Inc.)0
Professional Services – Auditors (Maze & Associates)0
Professional Services – Legal (Meyers Nave)0
Professional Services – Oyster Point Escrow Account Trustee &
Continuing Disclosure 0
Total Budget $0
25
ROPS 25-26$190,157 REQUESTED
12
ROPS Item Requested
Item 12
Oyster Point Project Costs $0
Item 14
Oyster Point Project Mgnt $190,157
Item 48
Admin Cost Allowance $0
Total Requested $190,157
Entire Request from Other Funds
26
NEXT STEPS
Successor Agency forwards ROPS
to Oversight Board
Oversight Board meeting on
January 6, 2025
ROPS due to DOF February 1, 2025
DOF Determination due by April
15, 2025
Property Tax Revenue distributed
6/1/25 and 1/2/26
27
City of South San Francisco
Legislation Text
P.O. Box 711 (City Hall, 400
Grand Avenue)
South San Francisco, CA
File #:24-1117 Agenda Date:12/11/2024
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, 2025 through June 30, 2026, 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 1,2025 through June 30,2026 fiscal
period (“ROPS 25-26”),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, 2025; 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 1,2025 to June 30,2026 (“Administrative Budget”)
as set forth in the attached Exhibit B; and
WHEREAS,the Oversight Board will review ROPS 25-26 and the Administrative Budget on January 6,2025;
and
WHEREAS,the Successor Agency desires to approve the ROPS 25-26 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 12/6/2024Page 1 of 2
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File #:24-1117 Agenda Date:12/11/2024
Version:1 Item #:1a.
2.The draft ROPS 25-26 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 1,2025 through June 30,2026,attached hereto as Exhibit B,contingent upon approval by the
Oversight Board at its meeting on January 6, 2025;
4.The City Finance Director or designee is authorized to modify the draft ROPS 25-26 and the Administrative
Budget to correct errors,to update the ROPS 25-26 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 25-26 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 25-26 on the Successor
Agency’s website;
6.The Finance Director or designee is authorized to incorporate the items on the ROPS into the 2025-26 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 their designee are authorized to execute contracts and
agreements for the items listed on the July 1,2025 through June 30,2026 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.
*****
Exhibit A - South San Francisco’s Successor Agency’s Draft ROPS 25-26
Exhibit B - South San Francisco’s Successor Agency’s Fiscal Year 25-26 Administrative Budget
City of South San Francisco Printed on 12/6/2024Page 2 of 2
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Recognized Obligation Payment Schedule (ROPS 25-26) - Summary
Filed for the July 1, 2025 through June 30, 2026 Period
Successor Agency: South San Francisco
County: San Mateo
Current Period Requested Funding for Enforceable
Obligations (ROPS Detail)
25-26A Total
(July -
December)
25-26B Total
(January -
June)
ROPS 25-26
Total
A Enforceable Obligations Funded as Follows (B+C+D) $ 190,157 $ - $ 190,157
B Bond Proceeds - - -
C Reserve Balance - - -
D Other Funds 190,157 - 190,157
E Redevelopment Property Tax Trust Fund (RPTTF) (F+G) $ - $ - $ -
F RPTTF - - -
G Administrative RPTTF - - -
H Current Period Enforceable Obligations (A+E) $ 190,157 $ - $ 190,157
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
30
South San Francisco
Recognized Obligation Payment Schedule (ROPS 25-26) - ROPS Detail
July 1, 2025 through June 30, 2026
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
25-26
Total
ROPS 25-26A (Jul - Dec)
25-26A
Total
ROPS 25-26B (Jan - Jun)
25-26B
Total
Fund Sources Fund Sources
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
$21,734,857 $190,157 $- $- $190,157 $- $- $190,157 $- $- $- $- $- $-
12 Oyster Point
Ventures
DDA
OPA/DDA/
Construction
03/23/
2011
06/30/2027 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
06/30/2027 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
06/30/2027 Legal/Staff
costs
Soft project
management
costs
Merged 380,000 N $190,157 - - 190,157 - - $190,157 - - - - - $-
16 Harbor
District
Agreement
Improvement/
Infrastructure
03/25/
2011
06/30/2027 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
06/30/2027 Legal/Staff
costs
Soft project
management
costs
Merged 798,341 N $- - - - - - $- - - - - - $-
48 Administration
Costs
Admin Costs 07/01/
2025
06/30/2026 Legal/Staff
costs
Costs to
administer
Successor
Agency
Merged 250,000 N $- - - - - - $- - - - - - $-
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 - Y $- - - - - - $- - - - - - $-
31
South San Francisco
Recognized Obligation Payment Schedule (ROPS 25-26) - Report of Cash Balances
July 1, 2022 through June 30, 2023
(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 22-23 Cash Balances
(07/01/22 - 06/30/23)
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 07/01/22)
RPTTF amount should exclude "A" period distribution
amount.
14,724,185 2,131,861 E: Funds reserved for Oyster Point Escrow
Account ($14,724,185) F: Other Funds
reserved for ROPS 22-23 ($231,620) + ROPS
23-24 ($188,513) + 21-22 Revenue
($1,521,494) + Excess PPA 21-22 ($190,234)
2 Revenue/Income (Actual 06/30/23)
RPTTF amount should tie to the ROPS 22-23 total
distribution from the County Auditor-Controller
7,676,935 278,386 1,737,852 E: Deposits and interest earned Oyster Point
Escrow Account ($7,676,935). F: Other
Funds revenues from Interest ($59,274), Misc
($141,391), City Advance repayment to
Successor Agency ($100,000)
3 Expenditures for ROPS 22-23 Enforceable Obligations
(Actual 06/30/23)
5,637,711 231,620 1,737,852 E: Drawdowns from Oyster Point Escrow
Account F and G: Other Funds and RPTTF
expenses match PPA 22-23
4 Retention of Available Cash Balance (Actual 06/30/23)
RPTTF amount retained should only include the amounts
distributed as reserve for future period(s)
16,763,409 537,497 E: Funds reserved for Oyster Point Escrow
Account ($16,763,409) F: Other Funds
reserved for ROPS 23-24 ($188,513) and
ROPS 24-25 ($348,984)
5 ROPS 22-23 RPTTF Prior Period Adjustment
RPTTF amount should tie to the Agency's ROPS 22-23 PPA
No entry required - PPA 22-23
32
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 22-23 Cash Balances
(07/01/22 - 06/30/23)
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
form submitted to the CAC
6 Ending Actual Available Cash Balance (06/30/23)
C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5)
$- $- $- $1,641,130 $- F: 21-22 Revenue ($1,521,494) less Other
Funds held for ROPS 24-25 ($348,984),
22-23 Revenue ($300,665), + Excess PPA
21-22 ($190,234)
33
South San Francisco
Recognized Obligation Payment Schedule (ROPS 25-26) - Notes
July 1, 2025 through June 30, 2026
Item # Notes/Comments
12
13
14
16
17
48
73
34
24-25 25-26
July 2024-June 2025 July 2025-June 2026
Staff Description Requested Actual Variance Requested Requested Variance Comment/Explanation for Variance
City Manager Agency and project administration 49,467$ 49,431$ 36$ 36,208$ 36,208$
Director, Econ & Comm Dev Agency and project administration 13,643$ 13,633$ 10$ 28,565$ 28,565$
Deputy Dir, Econ & Comm Dev Agency and project administration 10,857$ 10,849$ 8$ -$ -$
Economic Development Coordinator Agency and project administration 8,269$ 8,263$ 6$ -$ -$
Management Analyst II Agency and project administration 7,005$ 6,999$ 5$ -$ -$
Management Analyst I Agency and project administration 5,241$ 5,237$ 4$ -$ -$
Administrative Assistant I Agency and project administration 4,249$ 4,246$ 3$ -$ -$
City Clerk Agency meeting administration 3,469$ 3,466$ 3$ 4,688$ 4,688$
Deputy City Clerk Agency meeting administration 1,969$ 1,968$ 1$ 2,320$ 2,320$
City Clerk Records Technician Agency meeting administration 1,685$ 1,684$ 1$ 1,611$ 1,611$
Director, Finance Agency administration 40,318$ 40,289$ 30$ 19,635$ 19,635$
Deputy Director, Finance Agency administration 12,648$ 12,639$ 9$ -$ -$
Senior Accountant Agency administration 20,917$ 20,901$ 15$ 7,102$ 7,102$
Administrative Assistant II Agency administration 3,902$ 3,899$ 3$ 4,550$ 4,550$
Rounding Adjustment Agency administration (639)$ (639)$ -$
183,000$ 183,504$ (504)$ 104,677$ -$ 104,677$
Vendor/Payee Description Requested Actual Variance Requested Requested Variance
RSG, Inc Successor Agency Consultant 25,000$ 20,510$ 4,490$ 25,000$ 25,000$
Maze and Associates Auditor 6,000$ 4,000$ 2,000$ 4,000$ 4,000$
Redwood Public Law Legal Counsel 30,000$ 23,501$ 6,499$ 30,000$ 30,000$
BNY Mellon SSF Escrow Deposit & Trustee 2,500$ 1,250$ 1,250$ 4,000$ 4,000$
Willdan Financial Services Continuing Disclosure Agent/Arbitrage 2,500$ -$ 2,500$ 4,000$ 4,000$
Overhead Supplies, facilities, etc.1,000$ -$ 1,000$ -$
67,000$ 49,261$ 17,739$ 67,000$ -$ 67,000$
250,000$ 232,765$ 17,235$ 171,677$ -$ 171,677$
Sub-Total (Other Costs)
Grand Total
ADMINISTRATIVE BUDGET
SOUTH SAN FRANCISCO SUCCESSOR AGENCY
Sub-Total (Personnel Costs)
23-24
July 2023-June 2024
ROPS Period
Obligations Period
Total Outstanding Obligations ($)
Total Number of Outstanding Obligations
21,734,857$
6
Please specify budget methodology (Cost Allocation, Time Study etc)
Cost Allocation
Agency is ineligible for administrative cost
allowance in 25-26 due to receiving $0 RPTTF in 24-
25
35