HomeMy WebLinkAboutRDA Reso 02-2012 RESOLUTION NO. 02 -2012
REDEVELOPMENT AGENCY, CITY OF SOUTH SAN FRANCISCO,
STATE OF CALIFORNIA
RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE
CITY OF SOUTH SAN FRANCISCO ADOPTING THE
ENFORCEABLE OBLIGATION PAYMENT SCHEDULE (EOPS)
FOR JANUARY 1, 2012 THROUGH JUNE 30, 2012
WHEREAS, the Redevelopment Agency of the City of South San Francisco ( "Agency ") is
a redevelopment agency formed, existing and exercising its powers pursuant to California
Community Redevelopment Law, Health and Safety Code Section 33000 et seq. (the "CRL ");
WHEREAS, pursuant to Health and Safety Code Section 34169(g), the Agency is required
adopt an Enforceable Obligation Payment Schedule ( "EOPS ") that lists all of the obligations that
are "enforceable obligations" within the meaning of Health and Safety Code Section 34167(d), and
which includes the following information about each such obligation:
(a) The project name associated with the obligation.
(b) The payee.
(c) A short description of the nature of the work, product, service, facility, or other thing
of value for which payment is to be made.
(d) The amount of payments obligated to be made each month;
WHEREAS, the Agency is required to post the EOPS on the Agency's website and transmit
a copy to the County Auditor - Controller, the State Controller and the State Department of Finance;
WHEREAS, an EOPS was approved by Agency Resolution No. 25 -2011 adopted August
24, 2011, and the EOPS was transmitted to all required parties and posted on the Agency's
website;
WHEREAS, Health and Safety Code Section 34169(g)(2) provides that the EOPS may be
amended at a public meeting of the Agency, and that such amendments must be posted on the
Agency's website and transmitted to the County Auditor - Controller, the State Controller and the
State Department of Finance;
WHEREAS, the previously - adopted EOPS covers the period ending December 31, 2011,
and the Agency desires to adopt a supplement to the EOPS as described in the attached Exhibit A
so that the EOPS may remain effective until a Recognized Payment Obligation Schedule (ROPS) is
reviewed, certified and approved pursuant to Health and Safety Code Section 34177(1)(2);
WHEREAS, the Agency reserves the right to further amend the Enforceable Obligation
Payment Schedule;
WHEREAS, in adopting the attached EOPS, the Agency does not intend to waive, nor shall
the Agency be deemed to have waived any rights the Agency or its successor may have pursuant to
or in connection with any obligation listed on such Schedules, including without limitation, the
right to modify, amend, terminate or challenge any obligation listed on such Schedules; and
WHEREAS, the Agency, by adoption of this Resolution and the undertaking of the actions
described herein, does not waive, nor shall the Agency be deemed to have waived, any rights the
Agency or its successor may have to challenge the legality or enforceability of any actions taken by
any party pursuant to Assembly Bill xl 26 or any provision thereof.
NOW, THEREFORE, 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 Enforceable Obligation Payment Schedule (EOPS) covering the time period of
January 1, 2012 through June 30, 2012 attached hereto as Exhibit A is hereby adopted, subject to
all reservations of rights and contingencies set forth above.
3. The Agency Executive Director or designee is authorized to take all actions necessary to
implement this Resolution, including without limitation, the posting of this Resolution, the attached
EOPS on the Agency's website, and the provision of notice of adoption of this Resolution and such
Schedules to the County Auditor - Controller, the State Controller and the State Department of
Finance.
4 Authorizes the Agency Executive Director and the Agency Finance Director, and their
designees, to take such actions as necessary and appropriate to carry out and implement the intent of
this Resolution.
* * * * *
I hereby certify that the foregoing Resolution was regularly introduced and adopted by the
Redevelopment Agency of the City of South San Francisco at a special meeting held on the 25 day
of January, 2012 by the following vote:
AYES: Boardmembers Mark Addiego, Karyl Matsumoto, and Kevin Mullin,
Vice Chair Pedro Gonzalez and Chairman Richard A. Garbarino
NOES: None
ABSTAIN: None
ABSENT: None
ATTEST: a • bQ.
Agency Secretary
Name of Redevelopment Agency: South San Francisco EXHIBIT A Page 1 of 3 Pages
Project Area(s) Merged
January 25, 2012 5:OOpm
ENFORCEABLE OBLIGATION PAYMENT SCHEDULE FOR THE PERIOD JANUARY THROUGH JUNE 2012
Per AB 26 - Section 34167 and 34169
Funding Remaining Total Due During Payments by month
Project Name / Debt Obligation Source Payee Description Debt or Obligations Fiscal Year Jan Feb Mar April May June Six Month Total
1) 20% Housing Set Aside Obligation Gross TI Successor Housing Agcy Obligation for housing projects 11 -12 3,869,487.33 3,869,487.33 3.869,487.33 $ 3,869,487.33
2) Debt Sery COPs (99 CP Conf Cntr) 80% TI Bank of New York COPS issued to fund Conf Center constr 7,606,375.00 506,625.00 280,250.00 111,125.00 $ 391,375.00
3) Debt Sery Tax Alloc Bonds (2006) 80% Ti Bank of New York Bonds issued to fund non- housing profs 119,688,156.42 7,540,878.14 1,529,059.38 3,019,059.38 $ 4,548,118.76
4) Debt Sery HUD 108 Loans 80% Ti Bank of New York HUD loans 1,874,210.40 324,906.70 32,580.10 144,580.10 $ 177,160.20
5) Debt Sery Housing Rev Bonds (1999) 20% TI Bank of New York 99 Housing bonds 2,879,780.00 547,110.00 42,465.00 252,465.00 $ 294,930.00
6) Bond Reserves 80% TI Bank of New York Required by bond convenants 5,131,223.12 0.00 $ -
7) Bond Reserves 20% TI Bank of New York Required by bond convenants 318,524.12 0.00 $ -
8) Bond Admin /Disclosure Costs 80% TI Bank of New York/Willdan Costs to administer the bonds 356,400.00 16,150.00 10,950.00 5,200.00 $ 16,150.00
9) Bond Admin /Disclosure Costs 20% TI Bank of New York/Willdan Costs to administer the housing bonds 36,800.00 4,600.00 4,600.00 $ 4,800.00
10) County Property Tax Admin Costs 80% TI San Mateo County Costs to adminster TI talcs, payments 12,812,958.13 500,000.00 500,000.00 $ 500,000.00
11) SKS DDA 80% TI Developer SKS Tax increment project contribution 49,863,230.00 29,423,230.00 5,000.00 5,000.00 5,000.00 5,000.00 29,403,230.00 $ 29,423,230.00
12) Harbor District Agreement 80% TI Harbor District Tax increment project contribution 4,478,248.00 2,535,000.00 35,000.00 2,500,000.00 $ 2,535,000.00
13) Miller Parking Structure (pf1012) 80% TI Various contractors/staff Finish project and pay retentions 570,568.71 570,568.71 5,000.00 327,850.00 10,000.00 10,000.00 10,000.00 4,999.80 $ 367,849.80
14) Miller Garage /Breezeway (pf1107) 80% TI Various contractors/staff Complete TI via Improvement Agreement 2,478,662.50 740,875.43 10,000.00 20,000.00 100,000.00 300,000.00 200,000.00 100,000.00 $ 730.000.00
15), Oak Ave Improvements (st1008) 80% Ti Various contractors/staff Roadway, circulation, infrastructure 12,546,416.00 0.00 $ -
16) Mid Peninsula Loan 80% TI Union Bank (for Mid Pen) Loan for affordable housing project 3,997,891.71 3,997,891.71 1,222,053.82 $ 1,222,053.82
17), Genentech Property Tax Settlement Gross TI San Mateo County Genentech property tax settlement 5,232,413.00 2,479,065.00 1,126,385.67 $ 1,126,385.67
18) Project Costs - Payroll and Benefits 80% 11 Employees Payroll, benefits and retirement costs 9,606,720.00 457,463.00 76,243.83 76,243.83 76,243.83 76,243.83 76,243.83 76,243.85 $ 457,463.00
19) Project Costs - Payroll and Benefits 20% TI Employees Payroll, benefits and retirement costs 18,001,191.00 240,016.00 40,002.67 40,002.67 40,002.67 40,002.67 40,002.67 40,002.65 $ 240,016.00
20) Professional Service Contracts 80 %TI Various contractors Project admin, studies, implementation 3,740,327.00 307,163.00 51,193.83 51,193.83 51,193.83 51,193.83 51,193.83 51,193.85 $ 307,163.00
21) Professional Service Contracts 20% TI Various contractors Project admin, studies, implementation 5,028,900.00 98,300.00 16,383.33 16,383.33 16,383.33 16,383.33 16,383.33 16,383.35 $ 98,300.00
22) Maintenance of Properties 80% TI Various contractors Rehab, repair, maintenance, & utilities 4,744,092.00 160,468.00 26,744.67 26,744.67 26,744.67 26,744.67 26,744.67 26,744.65 $ 160,468.00
23) Maintenance of Properties 20% TI Various contractors Rehab, repair, maintenance, & utilities 1,704,971.00 78,680.00 13,113.33 13,113.33 13,113.33 13,113.33 13,113.33 13,113.35 $ 78,680.00
24) Admin. Costs - Payroll and Benefits 80% TI Employees Payroll, benefits and retirement costs 8,823,404.00 465,822.00 77,637.00 77,637.00 77,637.00 77,837.00 77,637.00 77,637.00 $ 465,822.00
25) Admin. Costs - Payroll and Benefits 20% TI Employees Payroll, benefits and retirement costs 3,118,174.00 42,094.00 7,015.67 7,015.67 7,015.87 7,015.67 7,015.67 7,015.65 $ 42,094.00
26), Property Disposition Costs 80% TI Various contractors Cost of RDA property disposition 2,901,100.00 103,100.00 516.67 516.67 516.67 516.67 50,516.87 50,516.65 $ 103,100.00
27), Interdepartmental Charges 80% TI City of SSF Insurance, equip maint, vehicle chrgs 3,368,850.00 45,525.00 7,587.50 7,587,50 7,587.50 7,587.50 7,587.50 7,587.50 $ 45,525.00
28) Interdepartmental Charges 20% TI City of SSF Insurance, equip maint, vehicle chrgs 1,155,843.00 15,619.00 2,803.17 2,603.17 2,603.17 2,603.17 2,603.17 2,603.15 $ 15,619.00
29) Projects Required by Bond Docs. Bonds Successor Housing Agcy Required by bondholders for projects 2,341,166.91 0.00 $ -
30) Projects Required by Bond Docs. Bonds Various contractors/staff Required by bondholders for projects 6,622.080.12 deductions to this $6. In bond proceeds are shown on rows 31 through 34 $ -
31) Orange Park Environmental (pf1009) Bonds CSS Environmental Servs. Project work - environmental 15,488.00 2,581.33 2,581.33 2,581.33 2,581.33 2,581.33 2,581.35 $ 15,488.00
32) 418 Linden Housing Dev.(pf1027) Bonds Brookwood Group Project work 159,169.63 19,951.77 19,951.77 19,951.77 19,951.77 19,951.77 19,951.78 $ 119,710.63
33) Train Station Imprvmnts (pf1002) Bonds Tech Accutite 296 Airport Blvd site remediation-Ph. 1 233,342.52 83,048.62 50,097.90 50,097.90 50,097.90 $ 233,342.52
34) Cal Trans Agreement Costs Bonds Various contractors 296 Airport Blvd site remediation -Ph. 2 800,000.00 $ -
Totals- This Page $ 304,898,163.47 $ 56,278,638.17 $1,694,257.51 $2,351,047.05 $ 802,472.67 82,338,258.34 $ 606,574.77 $ 39,796,521.39 $ 47,589,131.73
Totals - Paget $ 15,943,744.41 $ 6,015,965.11 8 41,192.80 $ 41,192.80 $ 41,192.80 $ 41,192.80 $ 41,192.80 $ 5,789,684.84 $ 5,995,648.84
Totals - Other Obligations - Page 3 $ 294,964,904.67 $ 6,864,214.49 $ - J $ - $ - $ - $ - S 6,864,214.49 $ 6,864,214.49
Grand total - All Pages I $ 615,806,812.55 $ 69,158,817.77 $1,735,450.31 $2,392,239.85 T$ 843,665.47 $ 2,379,451.14 118 647,767.57 $ 52,450,420.72 8 60,448,995.06
Name of Redevelopment Agency. South San Francisco EXHIBIT A Page 2 of 3 Pages
Project Area(s) Merged
January 25, 2012 5:00pm
ENFORCEABLE OBLIGATION PAYMENT SCHEDULE FOR THE PERIOD JANUARY THROUGH JUNE 2012
Per AB 26 - Section 34167 and 34169
Funding Total Remaining Total Due During Payments by month
Project Name / Debt Obligation Source Payee Description Debt or Obligations Fiscal Year Jan Feb Mar April May June Six Month Total
-
35) Orange Park Expansion Grant Match 80% TI Cal Water /General Contr. Land acquisition and park construction 1,760,000.00 0.00 $ -
36) Reserve for Existing Claims 80% TI Claimants Reserves for costs for existing litigation 8,200,000.00 150,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 $ 150,000.00
37) C.I.D. Housing Access 20% TI C.I.D. Housing Access Grant to non - profit 13,500.00 13,500.00 2,250.00 2,250.00 2,250.00 2,250.00 2,250.00 2,250.00 $ 13,500.00
38) Neigh. Servs. Ctr.(NPNSC) HH 20% TI Neigh. Servs. Ctr. Grant to non -profit 20,000.00 20,000.00 3,333.33 3,333.33 3,333.33 3,333.33 3,333.33 3,333.35 $ 20,000.00
39) Reblding Together -Pen: Natl R.Day 20% TI Rebuilding Together -Pen. Grant to non -profit 8,000.00 8,000.00 1,333.33 1,333.33 1,333.33 1,333.33 1,333.33 1,333.35 $ 8,000.00
40) Reblding Together-Pen.-Safe Home 20% TI Rebuilding Together -Pen. Grant to non -profit 15,000.00 15,000.00 2,500.00 2,500.00 2,500.00 2,500.00 2,500.00 2,500.00 $ 15,070.00
41) HIP Housing -Home Sharing Prog 20% T1 HIP Housing Grant to non -profit 10,000.00 10,000.00 1,113.01 1,113.01 1,113.01 1,113.01 1,113.01 1,113.03 $ 6,678.08
42) Shelter Network - Crossroads 20% TI Shelter Network Grant to non -profit 18,000.00 18,000.00 2,250.00 2,250.00 2250.00 2,250.00 2,250.00 2,250.00 8 13,500.00
43) Shelter Network -Maple Street 20% TI Shelter Network Grant to non -profit from 10-11 3,500.00 3,500.00 $ -
44) Shelter Network -Maple Street 20% TI Shelter Network Grant to non -profit from 11 -12 7,500.00 7,500.00 937.50 937.50 937.50 937.50 937.50 937.50 $ 5,625.00
45) Samaritan House -Safe Harbor 20% TI Samaritan House Grant to non - profit 1,952.41 1,952.41 325.40 325.40 325.40 325.40 325.40 325.41 $ 1,952.41
46) Samaritan House -Safe Harbor 20% TI Samaritan House Grant to non -profit 7,500.00 7,500.00 862.73 862.73 862.73 862.73 862.73 862.70 $ 5,176.35
47) Slt4e Counseling Center 20% TI Sitike Counseling Center Grant to non - profit 10,300.00 10,300.00 1,287.50 1,287.50 1,287.50 1,287.50 1,287.50 1,287.50 $ 7,725.00
48) Buon Gusto Ristorante Loan 80% TI Ristorante Buon Gusto Inc. Loan for commercial expansion project 750,000.00 750,000.00 750,000.00 $ 750,000.00
49) Station Area/Planning LU Program 80% TI Various consultants/staff Match funding for State grant 150,000.00 32,220.70 30,000.00 $ 30,000.00
50) Agrmt for 2 Housing Repicmnt Units 20% TI Future Developer Replacement housing obligation 1,700,000.00 1,700,000.00 1,700,000.00 $ 1,700,000.00
51) Accrued PERS Pension Obligations 80% TI PERS Costs accrued to date 875,712.00 875,712.00 875,712.00 $ 875,712.00
52) Accrued Retiree Health Obligations 80% TI Kaiser /Blue Shield Costs accrued to date 2,392,780.00 2,392.780.00 2,392,780.00 $ 2,392,780.00
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
Totals -This Page $ 15,943,744.41 $ 6,015,965.11 _ $ 41,192.80 _ $ 41,192.80 _ $ 41,192.80 $ 41,192.80 $ 41,192.80 85,789,684.84 $ 5,995,648.84
Name of Redevelopment Agency: South San Francisco EXHIBIT A Page 3 of 3 Pages
Project Area(s) Merged
January 25, 2012 5:O0pm
OTHER OBLIGATION PAYMENT SCHEDULE FOR THE PERIOD JANUARY THROUGH JUNE 2012
Per AB 26 - Section 34167 and 34169
Funding Total Remaining Total Due During Payments by month
Project Name / Debt Obligation Source Payee Description Debt or Obligations Fiscal Year Jan Feb Mar April May June Six Month Total
1) Basic Aid Section 33676 Pymt 80% TI SMC Comm College Dist Pass through payment 15,059,155.00 141,789.00 141,789.00 $ 141,789.00
2) Contractual Section 33401 Pymt 80% TI San Mateo County Pass through payment 179,487,471.07 5,415,882.11 5,415,882.11 $ 5,415,882.11
3) Contractual Section 33401 Pymt 80% TI SSF Unified SD Pass through payment 15,351,387.87 483,025.65 483,025.65 $ 483,025.65
4) Contractual Section 33401 Pymt 80% TI SMC Comm College Dist Pass through payment 7,915,327.82 197,783.88 197,783.88 $ 197,783.88
5) Contractual Section 33401 Pymt 80% TI SMC Board /Office of Ed Pass through payment 1,074.315.47 36,512.26 36,512.26 $ 36,512.26
6) Statutory Section 33607 Pymt 80% TI San Mateo County Pass through payment 18,755,822.10 123,880.81 123,880.61 $ 123,880.61
7) Statutory Section 33607 Pymt 80% TI City of SSF Pass through payment 15,445,507.99 171,330.50 171,330.50 $ 171,330.50
8) Statutory Section 33607 Pymt 80% TI SSF Unified SD Pass through payment 31,950,625.28 211,031.16 211,031.16 $ 211,031.16
9) Statutory Section 33607 Pymt 80% TI SMC Comm College Dist Pass through payment 2,817,560.44 18,609.75 18,609.75 $ 18,609.75
10) Statutory Section 33607 Pymt 80% TI BA Air Quality Mgmt Pass through payment 379,861.18 2,299.18 2,299.18 $ 2,299.18
11) Statutory Section 33607 Pymt 80% TI SMC Harbor District Pass through payment 640,804.47 3,878.58 3,878.58 $ 3,878.58
12) Statutory Section 33607 Pymt 80% TI All Zones CC Flood Contr Pass through payment 1,316,942.63 14,646.68 14,646.68 $ 14,646.68
13) Statutory Section 33607 Pymt 80% TI Willow Gardens Pass through payment 591,247.38 5,173.35 5,173.35 $ 5,173.35
14) Statutory Section 33607 Pymt 80% Ti SMC Board /Office of Ed Pass through payment 4,173,360.97 38,371.78 38,371.78 $ 38,371.78
15) Statutory Section 33607 Pymt 80% TI SMC Resource Consery Pass through payment 5,515.00 0.00 0.00 $ -
$ -
Note: The Total Due During Fiscal Year column is an estimate based on a full year of Tax Increment revenues. $ -
$
$ -
$
$ -
$ -
$ -
$ -
$
$
$ -
[Totals - Other Obligations I $ 294,964,904.67 1 $ 6,864,214.49 1 $ • 1 $ - 1 $ - 1 $ - 18 • 1 $ 6,864,214.49 1 $ 6,864,214.49