HomeMy WebLinkAboutOB_2015-003_ResolutionName of Successor Agency:Atascadero
Name of County:San Luis Obispo
Current Period Requested Funding for Outstanding Debt or Obligation
A 1,818,811$
B 1,300,000
C 248,711
D 270,100
E 1,101,962$
F 976,962
G 125,000
H Total Current Period Enforceable Obligations (A+E):2,920,773$
Successor Agency Self-Reported Prior Period Adjustment to Current Period RPTTF Requested Funding
I Enforceable Obligations funded with RPTTF (E):1,101,962
J (32,300)
K 1,069,662$
County Auditor Controller Reported Prior Period Adjustment to Current Period RPTTF Requested Funding
L Enforceable Obligations funded with RPTTF (E):1,101,962
M -
N 1,101,962
Name Title
/s/
Signature Date
Recognized Obligation Payment Schedule (ROPS 15-16B) - Summary
Filed for the January 1, 2016 through June 30, 2016 Period
Enforceable Obligations Funded with Non-Redevelopment Property Tax Trust Fund (RPTTF) Funding
Sources (B+C+D):
Non-Administrative Costs (ROPS Detail)
Enforceable Obligations Funded with RPTTF Funding (F+G):
Bond Proceeds Funding (ROPS Detail)
Reserve Balance Funding (ROPS Detail)
Other Funding (ROPS Detail)
Six-Month Total
Administrative Costs (ROPS Detail)
Less Prior Period Adjustment (Report of Prior Period Adjustments Column S)
Adjusted Current Period RPTTF Requested Funding (I-J)
Less Prior Period Adjustment (Report of Prior Period Adjustments Column AA)
Adjusted Current Period RPTTF Requested Funding (L-M)
Certification of Oversight Board Chairman:
Pursuant to Section 34177 (m) 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 agency.
A B C D E F G H I J K L M N O P
Bond Proceeds Reserve Balance Other Funds Non-Admin Admin
51,127,341$ 1,300,000$ 248,711$ 270,100$ 976,962$ 125,000$ 2,920,773$
1 2010 Reimbursement/ Bond Bonds Issued On or 9/1/2010 10/1/2040 City of Atascadero (then Debt Service on 2010 Bonds Atascadero #1 29,500,712 N 375,350 $ 375,350
2 2010 Reimbursement/ Bond
Financing agreement with City of
Atascadero
Bonds Issued On or
Before 12/31/10
9/1/2010 10/1/2040 City of Atascadero (then
passed through to BNY)
Trustee services for the life of the 2010
Bonds
Atascadero #1 75,000 N 2,500 $ 2,500
3 2004/2005 Redevelopment Bonds Bonds Issued On or
Before 12/31/10
11/1/2004 9/1/2034 Bank of New York Mellon Debt Service on 2004/2005 Bonds Atascadero #1 16,142,954 N 248,711 596,612 $ 845,323
5 2004/2005 Redevelopment Bonds Bonds Issued On or
Before 12/31/10
11/1/2004 9/1/2034 Bank of New York Mellon Trustee services for the life of the
2004/2005 Bonds
Atascadero #1 57,000 N 2,500 $ 2,500
6 City Loan #1 entered into in 1998 City/County Loans
On or Before 6/27/11
11/1/1998 1/1/2099 City of Atascadero Loan for Start-up costs Atascadero #1 155,175 N $ -
7 City Loan #2 entered into in 2001 City/County Loans
On or Before 6/27/11
6/28/2001 1/1/2099 City of Atascadero Revolving Loan Atascadero #1 500,000 N $ -
8 City Loan #3 entered into in 2002 Dissolution Audits 6/12/2002 1/1/2099 City of Atascadero Loan for purchase of building housing
an adult store
Atascadero #1 720,000 N $ -
10 Administration Allowance Admin Costs 1/1/2014 6/30/2014 City of Atascadero Administrative expenses for successor
agency in accordance with AB1X26
through June 2016 including - office
expense, postage, legal notices,
computer costs, phone costs,
operations, professional development,
direct staff time, general overhead
Atascadero #1 1,825,000 N 125,000 $ 125,000
11 Colony Square Conditions,
Covenants and Restrictions
Property
Maintenance
6/10/2008 1/1/2099 Colony Square, LLC Contract for required participation in
maintenance of common areas for
Colony Square (estimated cost is listed
for 3 years, however required as long
as RDA owns the lot)
Atascadero #1 150,000 N 15,000 $ 15,000
12 Maintenance of Creekside Building Property
Maintenance
2/23/2010 1/1/2099 Various vendors Maintenance of Creekside Building Atascadero #1 326,000 N 32,600 $ 32,600
123 Sale of Creekside Building Property Dispositions 1/1/2014 1/1/2099 Unknown Costs associated with marketing and
sale of Creekside Building in
accordance with PMP
Atascadero #1 200,000 N 200,000 $ 200,000
124 Historic City Hall Earthquake
Repair/Rehab Project
Improvement/Infrastr
ucture
1/1/2014 1/1/2099 FEMA FEMA grant adjustments Atascadero #1 N $ -
125 Historic City Hall Earthquake
Repair/Rehab Project
Improvement/Infrastr
ucture
1/1/2014 1/1/2099 CalOES Cal OES grant adjustments Atascadero #1 N $ -
126 Demolition of RDA portable building Property Dispositions 1/1/2099 1/1/2099 Unknown Demolition of RDA portable building 20,000 N 20,000 $ 20,000
127 Lease for former Chamber building Property
Maintenance
5/1/2009 1/1/2099 City of Atascadero Lease of Land that RDA portable sits
on
1,000 N 1,000 $ 1,000
128 Historic City Hall Earthquake
Repair/Rehab Project
Bonds Issued On or
Before 12/31/10
1/1/2099 1/1/2099 Unknown Historic City Hall Earthquake
Repair/Rehab Project: Exterior Lighting
Package
150,000 N $ -
129 Master Agreement with City Bonds Issued On or
Before 12/31/10
1/1/2099 1/1/2099 City of Atascadero Remaining Bond Funds including
activity related to Historic City Hall
Earthquake Repair/Rehab
50,000 N 50,000 $ 50,000
130 Maintenance of former Chamber
Building
Property
Maintenance
5/1/2009 1/1/2099 Various vendors Securing/repairing building from
vagrants and grafitti
4,500 N 1,500 $ 1,500
Atascadero Recognized Obligation Payment Schedule (ROPS 15-16B) - ROPS Detail
January 1, 2016 through June 30, 2016
(Report Amounts in Whole Dollars)
Item #Payee Description/Project Scope Project Area
Total Outstanding
Debt or Obligation Retired
Funding Source
Six-Month TotalProject Name / Debt Obligation Obligation Type
Contract/Agreement
Execution Date
RPTTF
Non-Redevelopment Property Tax Trust Fund
(Non-RPTTF)
Contract/Agreement
Termination Date
A B C D E F G H I J K L M N O P
Bond Proceeds Reserve Balance Other Funds Non-Admin Admin
Atascadero Recognized Obligation Payment Schedule (ROPS 15-16B) - ROPS Detail
January 1, 2016 through June 30, 2016
(Report Amounts in Whole Dollars)
Item #Payee Description/Project Scope Project Area
Total Outstanding
Debt or Obligation Retired
Funding Source
Six-Month TotalProject Name / Debt Obligation Obligation Type
Contract/Agreement
Execution Date
RPTTF
Non-Redevelopment Property Tax Trust Fund
(Non-RPTTF)
Contract/Agreement
Termination Date
131 Historic City Hall Earthquake
Repair/Rehab Project
Bonds Issued On or
Before 12/31/10
12/22/2003 6/30/2014 Various vendors Historic City Hall Earthquake
Repair/Rehab Project: FEMA
determination of eligible costs
reclassification from "Other" invoices
to "Bond Proceeds"
1,250,000 N 1,250,000 $ 1,250,000
132 N $ -
133 N $ -
134 N $ -
135 N $ -
136 N $ -
137 N $ -
138 N $ -
139 N $ -
140 N $ -
141 N $ -
142 N $ -
143 N $ -
144 N $ -
145 N $ -
146 N $ -
147 N $ -
148 N $ -
149 N $ -
150 N $ -
151 N $ -
152 N $ -
153 N $ -
154 N $ -
155 N $ -
156 N $ -
157 N $ -
158 N $ -
159 N $ -
160 N $ -
161 N $ -
162 N $ -
163 N $ -
164 N $ -
165 N $ -
166 N $ -
167 N $ -
168 N $ -
169 N $ -
170 N $ -
171 N $ -
172 N $ -
173 N $ -
174 N $ -
175 N $ -
A B C D E F G H I
Other RPTTF
Bonds Issued
on or before
12/31/10
Bonds Issued
on or after
01/01/11
Prior ROPS
period balances
and DDR RPTTF
balances
retained
Prior ROPS
RPTTF
distributed as
reserve for future
period(s)
Rent,
Grants,
Interest, Etc.
Non-Admin
and
Admin
ROPS 14-15B Actuals (01/01/15 - 06/30/15)
1 Beginning Available Cash Balance (Actual 01/01/15)
4,580,342 511,022 (4,148,021) 9,332
Column C- Added cash with fiscal agent in
balance per DOF instructions
2 Revenue/Income (Actual 06/30/15)
RPTTF amounts should tie to the ROPS 14-15B distribution from the
County Auditor-Controller during January 2015 15,508 591,131 3,419,826 1,096,216
3 Expenditures for ROPS 14-15B Enforceable Obligations (Actual
06/30/15)
RPTTF amounts, H3 plus H4 should equal total reported actual
expenditures in the Report of PPA, Columns L and Q 2,441,311 255,511 15,983 1,061,517
4 Retention of Available Cash Balance (Actual 06/30/15)
RPTTF amount retained should only include the amounts distributed as
reserve for future period(s)873,294 846,643
5 ROPS 14-15B RPTTF Prior Period Adjustment
RPTTF amount should tie to the self-reported ROPS 14-15B PPA in the
Report of PPA, Column S
No entry required
32,300
6 Ending Actual Available Cash Balance
C to G = (1 + 2 - 3 - 4), H = (1 + 2 - 3 - 4 - 5) 1,281,245$ -$ -$ (1)$ (744,178)$ 11,731$
ROPS 15-16A Estimate (07/01/15 - 12/31/15)
7 Beginning Available Cash Balance (Actual 07/01/15)
(C, D, E, G = 4 + 6, F = H4 + F4 + F6, and H = 5 + 6)2,154,539$ -$ -$ 846,642$ (744,178)$ 44,031$
8 Revenue/Income (Estimate 12/31/15)
RPTTF amounts should tie to the ROPS 15-16A distribution from the
County Auditor-Controller during June 2015 4,000 248,711 901,778 965,805
9 Expenditures for ROPS 15-16A Enforceable Obligations (Estimate
12/31/15)1,281,245 596,611 157,600 968,817
10 Retention of Available Cash Balance (Estimate 12/31/15)
RPTTF amount retained should only include the amounts distributed as
reserve for future period(s)877,294
11 Ending Estimated Available Cash Balance (7 + 8 - 9 -10)-$ -$ -$ 498,742$ -$ 41,019$
Atascadero Recognized Obligation Payment Schedule (ROPS 15-16B) - Report of Cash Balances
(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. For tips on how to complete the Report of Cash Balances Form, see Cash Balance Tips Sheet
Fund Sources
Comments
Bond Proceeds Reserve Balance
Cash Balance Information by ROPS Period
A B C D E F G H I J K L M N O P Q R S T
Net SA Non-Admin
and Admin PPA
(Amount Used to
Offset ROPS 15-16B
Requested RPTTF)
Authorized Actual Authorized Actual Authorized Actual Authorized
Available
RPTTF
(ROPS 14-15B
distributed + all other
available as of
01/1/15)
Net Lesser of
Authorized /
Available Actual
Difference
(If K is less than L,
the difference is
zero) Authorized
Available
RPTTF
(ROPS 14-15B
distributed + all other
available as of
01/1/15)
Net Lesser of
Authorized /
Available Actual
Difference
(If total actual
exceeds total
authorized, the
total difference is
zero)
Net Difference
(M+R)
3,896,929$ 2,441,311$ 255,511$ 255,511$ 157,600$ 15,983$ 968,817$ 968,817$ 968,817$ 936,517$ 32,300$ 125,000$ 125,000$
$ 125,000
125,000$ -$ 32,300$
1 2010 - - - 379,106 379,106 $ 379,106 351,037 $ 28,069 $ 28,069
2 2010 - - - - $ - $ - $ -
3 2004/2005
Redevelopment
Bonds
- 255,511 255,511 - 588,711 588,711 $ 588,711 584,480 $ 4,231 $ 4,231
5 2004/2005
Redevelopment
Bonds
- - - - $ - $ - $ -
6 City Loan #1
entered into in 1998
- - - - $ - $ - $ -
7 City Loan #2
entered into in 2001
- - - - $ - $ - $ -
8 City Loan #3
entered into in 2002
- - - - $ - $ - $ -
10 Administration
Allowance
- - - - $ - $ - $ -
11 Colony Square
Conditions,
Covenants and
Restrictions
- - 10,000 9,463 - $ - $ - $ -
12 Maintenance of
Creekside Building
- - 32,600 2,856 - $ - $ - $ -
17 Maiden Statue
Project
- - - - $ - $ - $ -
18 Maiden Statue
Project
- - - - $ - $ - $ -
23 Historic City Hall
Earthquake
Repair/Rehab
Project
- - - - $ - $ - $ -
25 Historic City Hall
Earthquake
Repair/Rehab
Project
- - - - $ - $ - $ -
45 Historic City Hall
Earthquake
Repair/Rehab
Project
- - - - $ - $ - $ -
RPTTF Expenditures
SA Comments
Atascadero Recognized Obligation Payment Schedule (ROPS 15-16B) - Report of Prior Period Adjustments
Reported for the ROPS 14-15B (January 1, 2015 through June 30, 2015) Period Pursuant to Health and Safety Code (HSC) section 34186 (a)
(Report Amounts in Whole Dollars)
ROPS 14-15B Successor Agency (SA) Self-reported Prior Period Adjustments (PPA): Pursuant to HSC Section 34186 (a), SAs are required to report the differences between their actual available funding and their actual expenditures for the ROPS 14-15B (January through June 2015) period. The amount
of Redevelopment Property Tax Trust Fund (RPTTF) approved for the ROPS 15-16B (January through June 2016) period will be offset by the SA’s self-reported ROPS 14-15B prior period adjustment. HSC Section 34186 (a) also specifies that the prior period adjustments self-reported by SAs are subject to
audit by the county auditor-controller (CAC) and the State Controller.
Item #
Project Name /
Debt Obligation
Non-RPTTF Expenditures
Non-Admin AdminBond Proceeds Reserve Balance Other Funds
A B C D E F G H I J K L M N O P Q R S T
Net SA Non-Admin
and Admin PPA
(Amount Used to
Offset ROPS 15-16B
Requested RPTTF)
Authorized Actual Authorized Actual Authorized Actual Authorized
Available
RPTTF
(ROPS 14-15B
distributed + all other
available as of
01/1/15)
Net Lesser of
Authorized /
Available Actual
Difference
(If K is less than L,
the difference is
zero) Authorized
Available
RPTTF
(ROPS 14-15B
distributed + all other
available as of
01/1/15)
Net Lesser of
Authorized /
Available Actual
Difference
(If total actual
exceeds total
authorized, the
total difference is
zero)
Net Difference
(M+R)
3,896,929$ 2,441,311$ 255,511$ 255,511$ 157,600$ 15,983$ 968,817$ 968,817$ 968,817$ 936,517$ 32,300$ 125,000$ 125,000$
$ 125,000
125,000$ -$ 32,300$
RPTTF Expenditures
SA Comments
Atascadero Recognized Obligation Payment Schedule (ROPS 15-16B) - Report of Prior Period Adjustments
Reported for the ROPS 14-15B (January 1, 2015 through June 30, 2015) Period Pursuant to Health and Safety Code (HSC) section 34186 (a)
(Report Amounts in Whole Dollars)
ROPS 14-15B Successor Agency (SA) Self-reported Prior Period Adjustments (PPA): Pursuant to HSC Section 34186 (a), SAs are required to report the differences between their actual available funding and their actual expenditures for the ROPS 14-15B (January through June 2015) period. The amount
of Redevelopment Property Tax Trust Fund (RPTTF) approved for the ROPS 15-16B (January through June 2016) period will be offset by the SA’s self-reported ROPS 14-15B prior period adjustment. HSC Section 34186 (a) also specifies that the prior period adjustments self-reported by SAs are subject to
audit by the county auditor-controller (CAC) and the State Controller.
Item #
Project Name /
Debt Obligation
Non-RPTTF Expenditures
Non-Admin AdminBond Proceeds Reserve Balance Other Funds
46 Historic City Hall
Earthquake
Repair/Rehab
Project
- - - - $ - $ - $ -
122 2004/2005
Redevelopment
Bonds
- - - - $ - $ - $ -
123 Sale of Creekside
Building
- - 100,000 3,664 - $ - $ - $ -
124 Historic City Hall
Earthquake
Repair/Rehab
Project
- - - - $ - $ - $ -
125 Historic City Hall
Earthquake
Repair/Rehab
Project
- - - - $ - $ - $ -
126 Demolition of RDA
portable building
- - 15,000 - - $ - $ - $ -
127 Lease for former
Chamber building
- - - 1,000 1,000 $ 1,000 1,000 $ - $ -
128 Historic City Hall
Earthquake
Repair/Rehab
Project
- - - - $ - $ - $ -
129 Master Agreement
with City
3,896,929 2,441,311 - - - $ - $ - $ -
$ - $ - $ -
$ - $ - $ -
$ - $ - $ -
$ - $ - $ -
$ - $ - $ -
$ - $ - $ -
$ - $ - $ -
$ - $ - $ -
$ - $ - $ -
$ - $ - $ -
$ - $ - $ -
$ - $ - $ -
$ - $ - $ -
$ - $ - $ -
$ - $ - $ -
Item #Notes/Comments
The Successor Agency owns a portable that sits on City land. The portable building is old, vacant and past its useful life.
The recommendation for this asset in the DOF approved Long Range Property Management Plan was to demolish the building.
DOF denied the estimated $15,000 line item for demolition of this building that was included on the last ROPS because a contract
was not executed prior to the ROPS. Because of the small dollar amount and the current building economy, the Successor Agency
cannot secure contractors willing to enter into a contract to demolish the building 4 months in the future. The SA believes that
demolition of the building in accordance with the DOF approved LRPMP is an eligible expense without a contract in place.
In the meantime, the SA will continue to maintain the building, pay the land lease and look for a contractor willing to enter into a
future contract to asses the building for hazardous materials and then in future ROPS periods a contractor to demolish the building.
ROPS 131
As reported on all previous ROPS- the Historic City Hall Earthquake Repair/Rehabilitation Project was funded in part by reimbursement
grants. While it is unknown at this time which portion of each invoice is paid for by bond proceeds or by FEMA/CalEMA, the Successor
Agency has been reporting all invoices or portions thereof that MIGHT be eligible for FEMA/CalEMA reimbursement in the "Other"
column. These amounts are subject to change. If the expenditure is not approved by FEMA/CalEMA it is to be funded with the 2010
bond proceeds per the bond issuance documents.
While FEMA/CalEMA has reimbursed a significant portion of the invoices, FEMA has not completely closed out the project. It is hoped
that there will be a small amount of FEMA/CalOES funding to still be reimbursed. That being said, because FEMA does not review
invoices when incurred or paid, but instead years after the fact, it is expected that some portion of invoices listed on the ROPS under
"Other" should in fact have been reported under "Bond Proceeds", causing a negative cash balance in the "Other" column and a false
positive balance in the "Bond Proceeds" column. (The SA reported to the best of their knowledge at the time, but could not in fact know
the exact amounts until after FEMA closeout.)
This line represents the expected correction based on the FEMA closeout. It would best be reflected as an expenditure of "Bond
Proceeds" and an equal removal of expenditures under "Other", correcting previous classification of invoices based on final FEMA grant
determination. The spreadsheet does not allow for a negative entry in this area, so just the adjustment to "bond proceeds" is reflected.
Atascadero Recognized Obligation Payment Schedule (ROPS 15-16B) - Notes
January 1, 2016 through June 30, 2016
ROPS 126
PROGRAM BUDGETS
Successor Agency Adminsitrative Allowance
FUND CODE
880 620.0000
EXPENSE
January -
June 2016
CLASSIFICATION DESCRIPTION BASIS AMOUNT
Office Expense Postage, printing, copying, business cards, and office
supplies
Estimated 250$
Advertising Public hearing notices for successor agency and
oversight board items
Estimated 250
Insurance- Successor
Agency activities
Allocated portion of liability insurance costs. Covers
successor agency activities, but does not include
coverage of the Oversight Board
Allocated 5,670
Operating Supplies Items needed for general successor agency and
oversight board activities
Estimated 80
Vehicle & Equipment
Operating Costs
Mileage reimbursement Estimated 100
Attorney services Attorney services for successor agency activities Estimated 15,000
Professional
Development
Successor agency and oversight board training, books,
memberships and publications
Estimated 1,000
Administrative Charges Allocation of support services including accounts
payable, receipts, general accounting, investment,
personnel, managerial and legislative services, space
rental and other general overhead items
Allocated 21,520
Staff Time: administrative
agency and board
support
Agendas, minutes, record retention, correspondence
and coordination of meetings
Allocated 8,470
Staff Time: general
management support for
successor agency and
board
Overall successor agency and oversight board
management, attendance at meetings, general staff
reports and research
Allocated 25,520
Staff Time: Project
closeout /asset
management & disposal
support
Project closeout, oversight of sales and marketing of
creekside building, creekside building management
Allocated 15,950
Staff Time: financial
management support
Preparation and documentation of ROPS, administrative
budgets, & financial reports. Support and response to
State Controller's office, Department of Finance, and
county auditor controller's reports. Financial review of
tax distributions. General financial management and
reports.
Allocated 31,860
Staff Time: low/moderate
income housing
administration
Annual compliance monitoring in accordance with
low/moderate income housing loan documents and other
general housing loan program support
Allocated 4,560
Resolution No. OB 2015-003
Exhibit A
PROGRAM BUDGETS
Successor Agency Adminsitrative Allowance
FUND CODE
880 620.0000
EXPENSE
January -
June 2016
CLASSIFICATION DESCRIPTION BASIS AMOUNT
Overage Budget that exceeds legislative amount of $250,000.
These excess costs will be borne by the successor
agency.
Plugged (5,230)
Resolution No. OB 2015-003
Exhibit A