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HomeMy WebLinkAboutSuccessor Reso 01-2017 � ,SA�� City of South San Francisco - P.O. Box 711 (City Hall, °!W-° 400 Grand Avenue) _ South San Francisco,CA � Successor Agency n'L1FORr1P Resolution: RES 01-2017 File Number: 16-942 Enactment Number: RES 01-2017 RESOLUTION OF THE SUCCESSOR AGENCY TO THE FORMER REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO REVIEWING AND APPROVING SUBMITTAL TO THE SUCCESSOR AGENCY OVERSIGHT BOARD OF A RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE PERIOD JULY 2017 THROUGH JUNE 2018, PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177(1). WHEREAS, pursuant to Health and Safety Code Section 34177(1), before each fiscal period, the Successor Agency to a dissolved Redevelopment Agency is required to prepare a draft Recognized Obligation Payment Schedule ("ROPS")that lists all of the obligations that are "enforceable obligations" within the meaning of Health and Safety Code Section 34177,and which identifies a source of payment for each such obligation from among (i) bond proceeds, (ii) reserve balances, (iii) the administrative cost allowance, (iv)revenues from rents, concessions, interest earnings, loan repayments, or asset sales, or(v) the Redevelopment Property Tax Trust Fund established by the County Auditor-Controller to the extent no other source of funding is available or payment from property tax is contractually or statutorily required; and WHEREAS, pursuant to Health and Safety Code Section 34177(j), the Successor Agency also must prepare a proposed administrative budget and submit it to the Oversight Board for approval, including the estimated amounts for Successor Agency administrative costs for the upcoming fiscal period and proposed sources of payment for those costs; and WHEREAS, once the ROPS is approved by the Oversight Board, the ROPS must be posted on the Successor Agency's website and transmitted to the County Auditor-Controller,the State Controller and the State Department of Finance. NOW, THEREFORE, the Successor Agency to the Redevelopment Agency of the City of South San Francisco, does hereby resolve as follows: The Recitals set forth above are true and correct, and are incorporated herein by reference; The draft ROPS attached hereto as Exhibit A was prepared by the Successor Agency, reviewed and approved by the Successor Agency Board, and will be submitted to the Oversight Board; The City Finance Director is authorized to modify the draft ROPS to correct errors,to update the ROPS if necessary as a result of the subsequent review by the Oversight Board, and City of South San Francisco Page 1 Fite Number: 16-942 Enactment Number: RES 01-2017 provide clarifications consistent with requirements of the State Department of Finance and the intent of this Resolution; The Executive Director of the Successor Agency or designee is authorized and directed to take all actions necessary to implement this Resolution, including without limitation, the submittal of the draft ROPS to the Oversight Board, the County Auditor-Controller, the County Administrative Officer, the State Department of Finance,and the State Controller, and the posting of this Resolution and the draft ROPS on the Successor Agency's website; The Finance Director is authorized to incorporate the items on the ROPS into the 2017-18 operating budget once the ROPS is approved; 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. 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 2017 through June 2018 ROPS, as approved by the Oversight Board, up to the amounts specified on the approved ROPS for such items, unless specifically directed otherwise by the Oversight Board. At a meeting of the Successor Agency to the Redevelopment Agency on 1/25/2017, a motion was made by Richard Garbarino, seconded by Mark Addiego, that this Resolution be adopted. The motion passed. Yes: 5 Gupta, Matsumoto,Addiego, Garbarino, and Normandy Attest by` hfUtz4/-b Margaret Roberts City of South San Francisco Page 2 6X F F H V V R U  $ J H Q F \  6 R X W K  6 D Q  ) U D Q F L V F R &R X Q W \  6D Q  0 D W H R &X U U H Q W  3 H U L R G  5 H T X H V W H G  ) X Q G L Q J  I R U  ( Q I R U F H D E O H  2 E O L J D W L R Q V  5 23 6  ' H W D L O      $  7 R W D O - X O \    ' H F H P E H U       %  7 R W D O - D Q X D U \    - X Q H   5 2 3 6        7 R W D O  $                                                                                      %                                                                                              &                                                                                                             '                                                                                           (                                                                                       )                                                    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 & D O 3 ( 5 6  5 H W L U H H  % H Q H I L W  7U X V W  &( 5 % 7 &R V W V  L Q F X U U H G  W K U R X J K                                      1                                                              ) X Q G  ( V F U R Z  $ F F W  W R  F D O O       7 D [  $O O R F D W L R Q  % R Q G V 0L V F H O O D Q H R X V                 % D Q N  R I  1 H Z  < R U N ) X Q G  H V F U R Z  D F F W  W R F D O O  U R Z V       D W  IL U V W  U H G H P S W L R Q  G D W H  R I                           1                                                                    + R X V L Q J  % R Q G  3 U R F H H G V % R Q G V  , V V X H G  2 Q  R U  % H I R U H                            ) X W X U H  ' H Y H O R S H U 7 R  E H  X V H G  R Q  O R Z  P R G  K R X V L QJ  G H Y                    1                                                                        ( O  & D P L Q R  5 H D O  7 H Q D Q W  ,P S U R Y H P H Q W 3U R M H F W  0 D Q D J H P H Q W  & R V W V                  7 % ' 7 H Q D Q W  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H Q W  D Q G  L Q W H U H V W  L Q F R P H  IR U       %    7 K H  D P R X Q W  P D \  F K D Q J H  Z K H Q  DG G L W L R Q D O  S H U L R G  U H Y H Q X H  L V  S R V W H G     ( [ S H Q G L W X U H V  I R U  5 2 3 6       %  ( Q I R U F H D E O H  2 E O L J D W L R Q V  $ F W X D O                                                                                                                                               5 H W H Q W L R Q  R I  $ Y D L O D E O H  & D V K  % D O D Q F H  $ F W X D O           53 7 7 )  D P R X Q W  U H W D L Q H G  V K R X O G  R Q O \  L Q F O X G H  W K H  D P R X Q W V  G L V W U L E X W HG  D V  UH V H U Y H  I R U  I X W X U H  S H U L R G V                                                                                                                          5 2 3 6       %  5 3 7 7 )  % D O D Q F H V  5 H P D L Q L Q J 1R  H Q W U \  U H T X L U H G   ( Q G L Q J  $ F W X D O  $ Y D L O D E O H  & D V K  % D O D Q F H  & W R  *                  +                                                                                                                                          6R X W K  6 D Q  ) U D Q F L V F R  5 H F R J Q L ] H G  2 E O L J D W L R Q  3 D \ P H Q W  6 F K H G X O H  5 2 3 6         5 H S R U W  R I  & D V K  % D O D Q F H V 5 H S R U W  $ P R X Q W V  L Q  : K R O H  ' R O O D U V Pu r s u a n t to He a l t h an d Sa f e t y Co d e se c t i o n 34 1 7 7 (l ) , Re d e v e l o p m e n t Pr o p e r t y Ta x Tr u s t Fu n d (R P T T F ) ma y be li s t e d as aso u r c e of pa y m e n t on th e RO P S , bu t on l y to th e ex t e n t no ot h e r fu n d i n g so u r c e is av a i l a b l e or  wh e n pa y m e n t fr o m pr o p e r t y ta x re v e n u e s is re q u i r e d by an en f o r c e a b l e ob l i g a t i o n .  Fo r ti p s on ho w to co m p l e t e th e Re p o r t of Ca s h Ba l a n c e s Fo r m , se e Ca s h Ba l a n c e Ti p s Sh e e t . )X Q G  6 R X U F H V &R P P H Q W V % R Q G  3 U R F H H G V   5 H V H U Y H  % D O D Q F H  &D V K  % D O D Q F H  , Q I R U P D W L R Q  E \  5 2 3 6  3 H U L R G EX H I B I T A ,W H P   1 R W H V  & R P P H Q W V 6R X W K  6 D Q  ) U D Q F L V F R  5 H F R J Q L ] H G  2 E O L J D W L R Q  3 D \ P H Q W  6 F K H G X O H  5 2 3 6         1 R W H V  - X O \          W K U R X J K  - X Q H          EX H I B I T A Professional&SpecializedServices EstimatedCost JulͲDec2017 EstimatedCost JanͲJun2018 Total FY17Ͳ18 LegalConsultants(MeyersNave&CraigLabadie)$23,000$23,000$46,000 $23,000$23,000$46,000 SuppliesandServices $10,000$10,000$20,000 $10,000$10,000$20,000 $6,000$6,000$12,000 $2,000$2,000$4,000 $4,000$4,000$8,000 $3,000$3,000$6,000 $4,000$4,000$8,000 $14,000$14,000$28,000 $12,000$12,000$24,000 $14,000$14,000$28,000 $6,000$6,000$12,000 $3,000$3,000$6,000 $15,000$15,000$30,000 $4,000$4,000$8,000 $5,000$5,000$10,000 $92,000$92,000$184,000 GRANDTOTAL 125,000$125,000$250,000$ Notes: 1ͲͲStaffcostsincludepayroll,benefits,andretirementcosts 2ͲͲPaymentsourceforthesecostsistheRPTTFAdministrativeCostAllowance(ROPSitems47and48) 3ͲͲMinimumof$250,000peryearor3%oftheprioryearRPTTFfunding Miscellaneousstaff CityClerk Subtotal EconomicDevelopmentCoordinator SrAccountant EconomicDevelopmentandHousingManager ManagementAnalyst ECDDirector AccountantI FinancialServicesManager CityManager EXHIBITB SuccessorAgencyAdministrativeBudget ROPS17Ͳ18 July2017ͲJune2018 Subtotal Meetingexpenses,officesupplies,postage,copies, printingservices,specialnoticing,etc. Subtotal StaffWagesandBenefits PositionTitle DirectorofFinance AdminstrativeAssistantII AssistantCityManager 7R W D O  $ F W X D O V ,W H P   6 R X U F H  R I  5 H Y H Q X H      %  5 H Q W V                                                                                                 , Q W H U H V W  R Q  , Q Y H V W P H Q W V                                                                                            ,Q W H U H V W  I U R P  % X V L Q H V V  / R D Q V                                                                                              3U L Q F L S D O  I U R P  % X V L Q H V V  / R D Q V                                                                                           (V W L P D W H G  5 H S D \ P H Q W  I U R P  2 \ V W H U  3 R L Q W  ,P S D F W  ) H H  , Q W H U I X Q G  / R D Q                                                                                                7R W D O  2 W K H U  5 H Y H Q X H                                                                                         ([ K L E L W  &    5 2 3 6        2 W K H U  5 H Y H Q X H 68 3 3 2 5 7  ) 2 5  ( 6 7 , 0 $ 7 ( '  2 7 + ( 5  5 ( 9 ( 1 8 ( 6 $ 3 3 ( $ 5 , 1 *  2 1  7 + (  - 8 / <       7 + 5 2 8 * +  - 8 1 (       5 2 3 6 (V W L P D W H G  2 W K H U  5 H Y H Q X H  -X O \  ' H F H P E H U            $ (V W L P D W H G  2 W K H U  5 H Y H Q X H  -D Q X D U \  - X Q H            %