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Home My WebLink AboutOB 2025-002 Reso Last and FinalRESOLUTION NO. OB 2025-002 A RESOLUTION OF THE COUNTYWIDE OVERSIGHT BOARD FOR THE COUNTY OF SAN LUIS OBISPO APPROVING A LAST AND FINAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE AND ADMINISTRATIVE BUDGET FOR THE PERIOD JULY 1, 2026 THROUGH JUNE 30, 2041 FOR THE SUCCESSOR AGENCY TO THE COMMUNITY REDEVELOPMENT AGENCY OF ATASCADERO PURSUANT TO HEALTH AND SAFETY CODE SECTION 34191.6 WHEREAS, on June 29, 2011, the Legislature of the State of California (the "State") adopted Assembly Bill x1 26 ("AB 26"), which amended provisions of the State's Community Redevelopment Law (hlealth & Safety Code sections 33000 et seq.); and WHEREAS, pursuant to AB 26 and the State Supreme Court decision in California Redevelopment Association, et al. v. Ana Matasantos, et al., which upheld AB 26 (together with AB 1484, as amended to date, the "Dissolution Law"), the former Community Redevelopment Agency ofAtascadero ("Dissolved RDA") was dissolved on February 1,2012; and WHEREAS, pursuant to the Dissolution Law, the City of Atascadero became the Successor Agency to the Community Redevelopment Agency ofAtascadero ("Successor Agency") effective February 1, 2012;and WHEREAS, effective July 1, 2018, the Countywide Oversight Board for the County of San Luis Obispo ("Countywide Oversight Board") was established in accordance with Health & Safety Code section 34179(1) to approve certain successor agency actions pursuant to Health & Safety Code section 34180 and to direct the successor agencies in certain other actions pursuant to Health & Safety Code section 34181; and WHEREAS, Health and Safety Code Section 34191.6(a) of the Health and Safety Code permits a successor agency that has received a Finding of Completion to submit a Last and Final Recognized Obligation Payment Schedule ("Last and Final ROPS") when the following conditions are met: (1) the successor agency's remaining debt is limited to administrative costs and payments pursuant to enforceable obligations and defined payment schedules; (2) all remaining obligations have been previously listed on the ROPS; and (3) the successor agency is not party to outstanding or unresolved litigation; and WHEREAS, the Successor Agency received a Finding of Completion on March 8, 2013, is not a party to any outstanding or unresolved litigation, and satisfies all other prerequisites for filing a Last and Final ROPS; and COUNTYWIDE OVERSIGHT BOARD FOR THE COUNTY OF SAN LUIS OBISPO AGENDA ITEM 6 WHEREAS, Successor Agency staff has prepared a proposed Last and Final Recognized Obligation Payment Schedule for the period of July 1, 2026 through June 30, 2041 ("LFROPS"), in the form shown in Exhibit A, attached hereto and incorporated herein by this reference; and WHEREAS, SuccessorAgency staff has prepared an administrative budget for the period commencing on July 1, 2026 and continuing through June 30, 2041, in the form shown in Exhibit B, attached hereto and incorporated herein by this reference; WHEREAS, the City Council ofAtascadero, acting in its capacity as the governing board of the Successor Agency, approved the LFROPS by adoption of Resolution No. SA 2025-002 as attached to the Staff Report and incorporated herein by this reference; and WHEREAS, pursuant to Section 34191.6 of the Health and Safety Code, the LFROPS must be submitted to the Countywide Oversight Board for the Countywide Oversight Board's approval; and WHEREAS, the staff report, Successor Agency resolution, administrative budget, and LFROPS attached hereto and the supporting documentation submitted to the Countywide Oversight Board staff in connection therewith are incorporated herein by this reference, and provide the supporting information upon which the actions set forth in this Resolution are based. NOW, THEREFORE, THE COUNTYWIDE OVERSIGHT BOARD FOR THE COUNTY OF SAN LUIS OBISPO DOES HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS: SECTION 1. The Recitals set forth above are true and correct and incorporated herein by reference, and, together with information provided by the Successor Agency to the Community Redevelopment Agency of Atascadero staff, form the basis for the approvals, findings, resolutions, and determinations set forth below. SECTION 2. Under Section 34191.6 of the Health and Safety Code, the Countywide Oversight Board must approve the establishment of the last and final recognized obligation payment schedule of the Successor Agency. SECTION 3. The Countywide Oversight Board hereby approves the LFROPS attached hereto as Exhibit A (the "Approved LFROPS"). SECTION 4. The Countywide Oversight Board Chairperson, Successor Agency Executive Director or Chairperson, and Countywide Oversight Board Counsel are collectively authorized to make any technical or clerical corrections to the Approved LFROPS prior to filing with the Department of Finance. SECTION 5. Under Section 341770) of the Health and Safety Code, the Countywide Oversight Board must approve the Administrative Budget for the Successor Agency. COUNTYWIDE OVERSIGHT BOARD FOR THE COUNTY OF SAN LUIS OBISPO AGENDA ITEM 6 SECTION 7. In accordance with the Dissolution Act, the Countywide Oversight Board hereby approves the FY 2026-2027 through FY 2040-2041 Administrative Budget, attached hereto as Exhibit B (the "Approved Administrative Budget"). SECTION 8. The Countywide Oversight Board hereby authorizes and directs the Chairperson or Executive Director of the Successor Agency ("Director"), or the Director's designees, to take all actions and sign any and all documents necessary to implement and effectuate the actions approved by this Resolution as determined necessary by the Director or the Director's designee. The Countywide Oversight Board hereby further authorizes and directs the Director, or Director's designee, to execute all documents on behalf of the Successor Agency, and to administer the Successor Agency's obligations and duties to be performed pursuant to this Resolution. SECTION 9. If any provision of this Resolution or the application thereof to any person or circumstance is held invalid, such invalidity shall not affect other provisions or applications of this Resolution which can be given effect without the invalid provision or application, and to this end the provisions of this Resolution are severable. The Countywide Oversight Board hereby declares that it would have adopted this Resolution irrespective of the invalidity of any particular portion thereof. SECTION 10. The Countywide Oversight Board hereby authorizes and directs the Countywide Oversight Board staff and the Successor Agency staff to take all actions necessary under the Dissolution Act to file, post, mail or otherwise deliver via electronic mail, internet posting, and/or hardcopy, all notices and transmittals necessary or convenient in connection with the approval of this Resolution. SECTION 11. Successor Agency staff is hereby directed to submit a signed copy of this Resolution, including all attachments and related staff reports, to the Department of Finance, County Auditor-Controller, and County Administrative Officer, and post it to the Successor Agency's Internet Web site, in accordance with the Dissolution Law. The Successor Agency is further directed to promptly provide the Countywide Oversight Board Chair, Countywide Oversight Board counsel, and Countywide Oversight Board staff with copies of all correspondence to and from the Department of Finance with respect to this Countywide Oversight Board Resolution. SECTION 12. This Resolution shall take effect from and after the date of its passage and adoption in accordance with, and subject to, all applicable requirements of the Dissolution Law. [continued on next page] COUNTYWIDE OVERSIGHT BOARD FOR THE COUNTY OF SAN LUIS OBISPO AGENDA ITEM 6 PASSED, APPROVED AND ADOPTED at a regular meeting of the Countywide Oversight Board for the County of San Luis Obispo, held this 24th day of September,2025. BOARD MEMBERS:AYES: NOES:ABSENT: ABSTAIN: Mary Matakovich (Chairperson)y Chris Iversen (Board Member)x Aaron Asplund (Board Member)K Chris Green (Vice Chairperson)K James Lewis (Board Member)K Tracy McConnell (Board Member)Y Vacant (Board Member) M^*^l€takovich, Chairperson Coi^itywide Oversight Board for th^ County of San Luis Obispo ATTEST: Matt P. Pontes, County Administrative Officer and Ex-Officio Clerk of the Board of Supervisors By](3^ae^^«^ Annette Ramirez Deputy Clerk of the Board of Supervisors Attachments: Exhibit A - Last and Final ROPS Exhibit B - Administrative Budget COUNTYWIDE OVERSIGHT BOARD FOR THE COUNTY OF SAN LUIS OBISPO AGENDA ITEM 6 Last and Final Recognized Obligation Payment Schedule (ROPS) - Summary Filed for the July 1, 2026 through June 30, 2041 Period Successor Agency: County: Initial ROPS Period: Final ROPS Period: Atascadero San Luis Obispo 26-27A 40-41B Requested Funding for Enforceable Obligations Total Outstanding Obligation A Enforceable Obligations Funded as Follows (B+C) B Bond Proceeds C Other Funds D Redevelopment Property Tax Trust Fund (RPTTF) (E+F) E RPTTF F Administrative RPTTF G Total Outstanding Obligations (A+D) $. $21,445,075 21,070,075 375,000 $21,445,075 Certification of Oversight Board Chairman: 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. 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I llM E§ I w s sco s g s S££ !"nco 8^ S|S s I s0) 10 5 sl' s I ,1111. |S|S LO ?' s |s|s|s|s ID °11"?|s Is f^D|i!lII IITIll <11:Is s sl sl SUCCESSOR AGENCY TO THE COMMUNITY REDEVELOPMENT AGENCY OF ATASCADERO ANNUAL ADMINISTRATIVE BUDGET (For each Fiscal Year from July 1,2026 through June 30, 2041) Salaries and Benefits Finance Dept. personnel $ 11,000 Professional Services Audit $ 5,000 Overhead Costs $ 9,000 Total Annual Administrative Allocation $ 25,000