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Home My WebLink AboutSA Reso 01-2021 (21-672)City of South San Francisco P.O. Box 711 (City Hall, 400 Grand Avenue) South San Francisco, CA Successor Agency Resolution: RES 01-2021 File Number: 21-672 Enactment Number: RES 01-2021 RESOLUTION OF THE SUCCESSOR AGENCY TO THE FORMER REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO REVIEWING AND APPROVING THE AMENDED RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE PERIOD JANUARY 1, 2022 THROUGH JUNE 30, 2022, PURSUANT TO HEALTH AND SAFETY CODE SECTIONS 34177(0)(1)(E). WHEREAS, pursuant to Part 1.85 of Division 24 of the California Health and Safety Code ("HSC") Section 34170 et seq. ("Dissolution Act'), the Former Redevelopment Agency of the City of South San Francisco ("RDA") was dissolved as of February 1, 2012; and WHEREAS, the Successor Agency to the Former Redevelopment Agency of the City of South San Francisco ("Successor Agency") succeeded to all assets, properties, contracts, leases, books and records, buildings, and equipment of the former RDA and, except as repealed, restricted, or revised by the Dissolution Act, was vested with all authority, rights, powers, duties and obligations under the California Community Redevelopment Law (HSC Section 33000 et seq.) previously vested with the former RDA; and WHEREAS, HSC Section 34177(1) requires the Successor Agency to prepare a Recognized Obligation Payment Schedule ("ROPS") for each 12 -month fiscal period, which lists the outstanding obligations of the former RDA and states the sources of funds for required payments; and WHEREAS, a ROPS for the July 1, 2021 through June 30, 2022 fiscal period ("ROPS 21-22) was approved by the Successor Agency on December 9, 2020 by adoption of Resolution No. 03-2020 and subsequently approved by the San Mateo Countywide Oversight Board ("Oversight Board" on January 11, 2021 and the California Department of Finance ("DOF") on March 30, 2021; and WHEREAS, pursuant to HSC Section 34177(o)(1)(E), the Successor Agency may submit one amendment to the ROPS if the Oversight Board makes a finding that a revision is necessary for the payment of approved enforceable obligations during the second one-half of the ROPS period, which shall be defined as January 1 to June 30, 2022 ("ROPS 21-2213") inclusive, and if additional funding is needed;and WHEREAS, as further required under HSC Section 34177(o)(1)(E), the ROPS amendment may only increase amounts on already approved enforceable obligations; and WHEREAS, Successor Agency staff has prepared an Amended ROPS for January 1 to June 30, 2022 ("Amended ROPS 21-22"), which must be submitted to the Oversight Board for City of South San Francisco Page File Number: 21-672 approval then submitted to DOF no later than October 1, 2021; and Enactment Number: RES 01-2021 WHEREAS, the Oversight Board will review the Amended ROPS 21-22 on September 13, 2021; and WHEREAS, the Successor Agency desires to approve the Amended ROPS 21-22 and transmit it to various parties as required by the Dissolution Act; and NOW, THEREFORE, the Successor Agency to the Redevelopment Agency of the City of South San Francisco does hereby resolve as follows: 1. The Recitals set forth above are true and correct, and are incorporated herein by reference; 2. The draft Amended ROPS 21-22 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. The City Finance Director or designee is authorized to modify the draft Amended ROPS 21-22 to correct errors, to update the Amended ROPS 21-22 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; 4. 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 Amended ROPS 21-22 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 Amended ROPS 21-22 on the Successor Agency's website; 5. The Finance Director or designee is authorized to incorporate the items on the Amended ROPS 21-22 into the 2021-22 operating budget once the ROPS is approved; 6. 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. 7. The Executive Director of the Successor Agency and/or his designee are authorized to execute contracts and agreements for the items listed on the Amended ROPS 21-22, 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 Page 2 File Number. 21-672 Enactment Number: RES O1-2021 Exhibit A - South San Francisco's Successor Agency's Draft Amended ROPS 21-22 At a meeting of the Successor Agency to the Redevelopment Agency on 8/25/2021, a motion was made by Boardmember Nicolas, seconded by Boardmember Flores, that this Resolution be approved. The Yes: 5 Vice Chair Nagales, Boardmember Coleman, Chair Addiego, Boardmember Nicolas, and Boardmember Flores Attest by L"L L w sa Govea Acosta, City Clerk City of South San Francisco Page 3 Amended Recognized Obligation Payment Schedule (ROPS 21-22B) - Summary Filed for the January 1, 2022 through June 30, 2022 Period Successor Agency: South San Francisco County: San Mateo Current Period Requested Funding for Enforceable Obligations (ROPS Detail) ROPS 21-22B Authorized Amounts ROPS 21-22B Requested Adjustments ROPS 21-22B Amended Total A Enforceable Obligations Funded as Follows (B+C+D) $ - $ - $ - B Bond Proceeds - - - C Reserve Balance - - - D Other Funds - - - E Redevelopment Property Tax Trust Fund (RPTTF) (F+G) $ - $ 2,510,829 $ 2,510,829 F RPTTF - 2,510,829 2,510,829 G Administrative RPTTF - - - H Current Period Enforceable Obligations (A+E) $ - $ 2,510,829 $ 2,510,829 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 South San Francisco Amended Recognized Obligation Payment Schedule (ROPS 21-22B) - ROPS Detail January 1, 2022 through June 30, 2022 Item # Project Name Obligation Type Total Outstanding Obligation Authorized Amounts Total Requested Adjustments Total Notes Fund Sources Fund Sources Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF $31,529,656 $- $- $- $- $- $- $- $- $- $2,510,829 $- $2,510,829 12 Oyster Point Ventures DDA OPA/DDA/ Construction $7,073,582 - - - - - $- - - - 2,510,829 - $2,510,829 Total outstanding balance as of 7/1/21 adjusted to $7,748,704 ($5,237,875 + $2,510,829) 13 Oyster Point Ventures DDA OPA/DDA/ Construction $18,597,872 - - - - - $- - - - - - $- 14 Oyster Point Ventures DDA Project Management Costs $835,295 - - - - - $- - - - - - $- 16 Harbor District Agreement Improvement/ Infrastructure $1,793,248 - - - - - $- - - - - - $- 17 Harbor District Agreement Project Management Costs $798,341 - - - - - $- - - - - - $- 21 Train Station Imprvmnts Ph 1(pf1002) Remediation $87,494 - - - - - $- - - - - - $- 22 Train Station Imprvmnts Phase 1 Project Management Costs $9,309 - - - - - $- - - - - - $- 23 Train Station Imprvmnts Phase 2 Remediation $620,000 - - - - - $- - - - - - $- 24 Train Station Imprvmnts Phase 2 Project Management Costs $148,115 - - - - - $- - - - - - $- 48 Administration Costs Admin Costs $1,200,000 - - - - - $- - - - - - $- 51 Accrued PERS Pension Obligations Unfunded Liabilities $168,800 - - - - - $- - - - - - $- 52 Accrued Retiree Health Obligations Unfunded Liabilities $197,600 - - - - - $- - - - - - $-