HomeMy WebLinkAboutSA_2019_09_10 AgendaPacket1 On January 10, 2012, the Atascadero City Council adopted Resolution No. 2012 -002, electing to serve as the
successor to the Community Redevelopment Agency of Atascadero for redevelopment purposes, and also elected to
retain the housing assets and functions previously performed by the Community Redevelopment Agency of
Atascadero.
CITY OF ATASCADERO CITY COUNCIL IN
THE CAPACITY OF SUCCESSOR AGENCY
TO THE COMMUNITY REDEVELOPMENT
AGENCY OF ATASCADERO FOR
REDEVELOPMENT AND HOUSING
PURPOSES1
____________________________________________________________________________
AGENDA
Tuesday, September 10, 2019
(Immediately following the conclusion
of the City Council Regular Session)
City Hall Council Chambers, 4th floor
6500 Palma Avenue
Atascadero, California
(Enter from Lewis Avenue)
REGULAR SESSION – CALL TO ORDER: Immediately following
the conclusion of the City
Council Regular Session
ROLL CALL: Mayor Moreno
Mayor Pro Tem Bourbeau
Council Member Fonzi
Council Member Funk
Council Member Newsom
APPROVAL OF AGENDA: Roll Call
A. CONSENT CALENDAR:
1. Successor Agency Draft Minutes – January 8, 2019
Recommendation: Council, in the capacity of the Successor Agency to
the Community Redevelopment Agency of Atascadero, approve the
Successor Agency Draft Action Minutes of January 8, 2019. [City Clerk]
Page 1 of 13
COMMUNITY FORUM: (This portion of the meeting is reserved for persons wanting to
address the Board on any matter not on this agenda and over which the Board has
jurisdiction. Speakers are limited to three minutes. Please state your name and
address for the record before making your presentation. The Board may take action to
direct the staff to place a matter of business on a future agenda. A maximum of 30
minutes will be allowed for Community Forum, unless changed by the Board.)
B. PUBLIC HEARINGS: None.
C. MANAGEMENT REPORTS:
1. Amendment of Recognized Obligation Payment Schedule 19-20
January 1, 2020 - June 30, 2020
Fiscal Impact: None.
Recommendation: Successor Agency Board approve the Amended Draft
Recognized Obligation Payment Schedule (ROPS) fo r the period of
January 1, 2020, through June 30, 2020 (ROPS 19 -20) pursuant to Health
and Safety Code. [Administrative Services]
BOARD ANNOUNCEMENTS AND REPORTS: (On their own initiative, the Board
Members may make a brief announcement or a brief repor t on their own activities.
Board Members may ask a question for clarification, make a referral to staff or take
action to have staff place a matter of business on a future agenda. The Board may take
action on items listed on the Agenda.)
D. ADJOURN
Page 2 of 13
ITEM NUMBER: SA A-1
DATE: 09/10/19
Atascadero Successor Agency
January 8, 2019
Page 1 of 3
CITY OF ATASCADERO CITY COUNCIL IN
THE CAPACITY OF SUCCESSOR AGENCY
TO THE COMMUNITY REDEVELOPMENT
AGENCY OF ATASCADERO FOR
REDEVELOPMENT AND HOUSING
PURPOSES
____________________________________________________________________________
DRAFT MINUTES
Tuesday, January 8, 2019
(Immediately following the conclusion
of the City Council Regular Session)
City Hall Council Chambers, 4th floor
6500 Palma Avenue
Atascadero, California
(Enter from Lewis Avenue)
REGULAR SESSION – CALL TO ORDER: Immediately following
the conclusion of the City
Council Regular Session
Mayor Moreno called the meeting to order at 7:02 p.m.
ROLL CALL:
Present: Council Members Fonzi, Funk, Newsom, Mayor Pro Tem Bourbeau
and Mayor Moreno
Absent: None
Staff Present: City Manager Rachelle Rickard, Administrative Services Director Jeri
Rangel, Public Works Director Nick DeBar, Police Chief Jerel Haley,
Community Development Director Phil Dunsmore, Fire Chief Casey
Bryson, City Attorney Brian Pierik, Deputy City Manager/City Clerk
Lara Christensen
APPROVAL OF AGENDA:
MOTION: By Council Member Fonzi and seconded by Mayor Pro Tem
Bourbeau to approve the agenda.
Motion passed 5:0 by a roll-call vote.
Page 3 of 13
ITEM NUMBER: SA A-1
DATE: 09/10/19
Atascadero Successor Agency
January 8, 2019
Page 2 of 3
A. CONSENT CALENDAR:
1. Successor Agency Draft Minutes – May 8, 2018
Recommendation: Council, in the capacity of the Successor Agency to
the Community Redevelopment Agency of Atascadero, approve the
Successor Agency Draft Action Minutes of May 8, 2018. [City Clerk]
MOTION: By Council Member Funk and seconded by Mayor Pro Tem
Bourbeau to approve the Consent Calendar.
Motion passed 5:0 by a roll-call vote.
COMMUNITY FORUM:
The following citizens spoke during Community Forum: None.
Mayor Moreno closed the COMMUNITY FORUM period.
B. PUBLIC HEARINGS: None.
C. MANAGEMENT REPORTS:
1. Approval of Recognized Obligation Payment Schedule 19-20 July 1, 2019 -
June 30, 2020
Fiscal Impact: None.
Recommendation: Successor Agency Board approve the Draft
Recognized Obligation Payment Schedule (ROPS) for the perio d of
July 1, 2019 through June 30, 2020 (ROPS 19 -20) pursuant to Health and
Safety Code. [Administrative Services]
Administrative Services Director Rangel gave the presentation and answered questions
from the Council.
PUBLIC COMMENT:
The following citizens spoke on this item: None.
Mayor O’Malley closed the Public Comment period.
MOTION: By Council Member Fonzi and seconded by Mayor Pro Tem
Bourbeau to approve the Draft Recognized Obligation Payment
Schedule (ROPS) for the period of July 1, 2019 through
June 30, 2020 (ROPS 19-20) pursuant to Health and Safety Code.
Motion passed 5:0 by a roll-call vote.
D. ADJOURN
Mayor O’Malley adjourned the meeting at 7:05 p.m.
Page 4 of 13
ITEM NUMBER: SA A-1
DATE: 09/10/19
Atascadero Successor Agency
January 8, 2019
Page 3 of 3
MINUTES PREPARED BY:
______________________________________
Lara K. Christensen
Deputy City Manager / City Clerk
APPROVED:
Page 5 of 13
ITEM NUMBER: SA C-1
DATE: 09/10/19
Successor Agency to the Community
Redevelopment Agency of Atascadero
Staff Report – Administrative Services
Amendment of
Recognized Obligation Payment Schedule 19-20
January 1, 2020 - June 30, 2020
RECOMMENDATION:
Successor Agency Board approve the Amended Draft Recognized Obligation
Payment Schedule (ROPS) for the period of January 1, 2020, through June 30, 2020
(ROPS 19-20) pursuant to Health and Safety Code.
DISCUSSION:
The Successor Agency to the Community Redevelopment Agency of Atascadero and
the Countywide Oversight Board both approved the Recognized Obligation Payment
Schedule (ROPS) for the period of July 1, 2019 through June 30, 2020 (ROPS 19 -20).
The ROPS 19-20 was approved by the State Department of Finance (DOF) on
April 15, 2019, with some adjustments.
The Successor Agency included a Prior Period Adjustment of $97,022 on the ROPS 19 -
20 on Line #1 under “Reserve Balance”, this amount was mistakenly not inclu ded on the
19-20 ROPS Cash Balance worksheet on Line #5. Therefore, when approving the
ROPS 19-20, the DOF reduced the Redevelopment Property Tax Trust Fund (RPTTF)
amount by ($94,295), assuming that the amount had not yet been subtracted from the
requested RPTTF.
However, since the Reserve Balance of $97,022 was already accounted for as a
reduction in the requested RPTTF in the ROPS 19-20 worksheet, the DOF’s negative
adjustment of $94,295 results in an amount of RPTTF that is less than the Successor
Agency needs to fulfil its Bond Covenants. Discussions with DOF to correct the
oversight and reverse the negative adjustment, without having to amend the ROPS,
have been unsuccessful. The Successor Agency is therefore requesting an increase to
RPTTF in the amount of $97,022 in order to have sufficient reserves to use toward 2010
Bonds debt service payments.
Page 6 of 13
ITEM NUMBER: SA C-1
DATE: 09/10/19
Additionally, the Agency is requesting $30,000 to meet reserve requirements for t he
2004 Bonds. The Agency has two reserve requirements to meet, both of which
fluctuate based on variations in the debt service payments, amounts required for
reserves and the interest rate. The additional amount of RPTTF requested would cover
the expected variation in the bond reserve requirement.
Pursuance to Health and Safety Code (HSC) section 34177 (o) (1) (E), once per ROPS
period, the agency may submit one amendment to the annual ROPS approved by DOF
for the second half of the ROPS period (January 1, 2020 through June 30, 2020). Once
approved by the Successor Agency Board, the ROPS 19-20 will be submitted
for approval to the Countywide Oversight Board at their regular meeting on
September 19, 2019. The Oversight Board must make a finding that the revision is
necessary for payment of approved enforceable obligations during the second half of
the ROPS period. Once approved by the Countywide Oversight Board, it will be
submitted to the County Auditor-Controller, the State Controller, and the DOF. This
Amended ROPS is due to the DOF by October 1, 2019. The DOF will make a
determination at least 15 days before the date of the property tax distribution to the
agencies.
FISCAL IMPACT:
None for this action. The purpose of approving the Amended Draft Recognized
Obligation Schedules is to ensure that the City acting as Successor Agency will be able
to make certain payments for obligations of the former RDA.
ATTACHMENTS:
1. Amended Draft Recognized Obligation Payment Schedule (ROPS) for the period
of January 1, 2020, through June 30, 2020
2. Original Recognized Obligation Payment Schedule (ROPS) for the period of
July 1, 2019 through June 30, 2020
Page 7 of 13
ITEM NUMBER: SA C-1
DATE: 09/10/19
ATTACHMENT: 1
Page 8 of 13
ITEM NUMBER: SA C-1DATE: 09/10/19ATTACHMENT: 1Page 9 of 13
ITEM NUMBER: SA C-1DATE: 09/10/19ATTACHMENT: 1Page 10 of 13
Recognized Obligation Payment Schedule (ROPS 19-20) - SummaryFiled for the July 1, 2019 through June 30, 2020 PeriodSuccessor Agency:County:AtascaderoSan Luis ObispoCurrent Period Requested Funding for Enforceable Obligations (ROPS Detail)19-20A Total(July - December)19-206Total(January -June)ROPS 19-20 TotalA Enforceable Obligations Funded as Follows (B+C+D):B Bond ProceedsC Reserve BalanceD Other FundsRedevelopment Property Tax Trust Fund (RPTTF) (F+G):F RPTTFG Administrative RPTTFH Current Period Enforceable Obligations (A+E):$$$722,426 $722,426842,679 $826,83915,8401,565,105 $216,404 $216,4041,089,280 $1,073,44015,8401,305,684 $938,830938,8301,931,9591,900,27931,6802,870,789Certification of Oversight Board Chairman:Pursuant to Section 34177 (o) of the Health and Safety code, Ihereby certify that the above is a true and accurate RecognizedObligation Payment Schedule for the above named successoragency.^^./^NameTitle/s/L/SignatureDateITEM NUMBER: SA C-1DATE: 09/10/19ATTACHMENT: 2Page 11 of 13
A B C D E F G H I J K L M N O P Q R S T U V W
Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF
$ 45,100,022 $ 2,870,789 $ 0 $ 722,426 $ 0 $ 826,839 $ 15,840 $ 1,565,105 $ 0 $ 216,404 $ 0 $ 1,073,440 $ 15,840 $ 1,305,684
1 2010 Reimbursement/ Bond Bonds Issued On or Before 9/1/2010 10/1/2040 City of Atascadero (then Debt Service on 2010 Bonds Atascadero #1 27,178,231 N $ 971,538 97,022 515,935 $ 612,957 358,581 $ 358,581
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 #1 101,580 N $ 5,250 2,250 $ 2,250 3,000 $ 3,000
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 14,208,545 N $ 1,680,071 625,404 216,404 $ 841,808 216,404 621,859 $ 838,263
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 58,175 N $ 2,250 2,250 $ 2,250 $ -
6 City Loan #1 entered into in 1998 City/County Loan (Prior
06/28/11), Cash exchange
11/1/1998 1/1/2099 City of Atascadero Loan for Start-up costs Atascadero #1 255,037 N $ 20,312 10,156 $ 10,156 10,156 $ 10,156
7 City Loan #2 entered into in 2001 City/County Loan (Prior
06/28/11), Cash exchange
6/28/2001 1/1/2099 City of Atascadero Revolving Loan Atascadero #1 821,776 N $ 65,446 32,723 $ 32,723 32,723 $ 32,723
8 City Loan #3 entered into in 2002 City/County Loan (Prior
06/28/11), Cash exchange
6/12/2002 1/1/2099 City of Atascadero Loan for purchase of building housing
an adult store
Atascadero #1 1,183,358 N $ 94,242 47,121 $ 47,121 47,121 $ 47,121
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 1,293,320 N $ 31,680 15,840 $ 15,840 15,840 $ 15,840
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 N $ - $ - $ -
12 Maintenance of Creekside Building Property Maintenance 2/23/2010 1/1/2099 Various vendors Maintenance of Creekside Building Atascadero #1 N $ - $ - $ -
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 N $ - $ - $ -
124 Historic City Hall Earthquake
Repair/Rehab Project
Improvement/Infrastructure 1/1/2014 1/1/2099 FEMA FEMA grant adjustments Atascadero #1 Y $ - $ - $ -
125 Historic City Hall Earthquake
Repair/Rehab Project
Improvement/Infrastructure 1/1/2014 1/1/2099 CalOES Cal OES grant adjustments Atascadero #1 Y $ - $ - $ -
126 Demolition of RDA portable building Property Dispositions 1/1/2099 1/1/2099 Unknown Demolition of RDA portable building Atascadero #1 N $ - $ - $ -
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
Atascadero #1 N $ - $ - $ -
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
Atascadero #1 Y $ - $ - $ -
129 Master Agreement with City Bond Funded Project – Pre-
2011
1/1/2099 1/1/2099 City of Atascadero Remaining Bond Funds including
activity related to Historic City Hall
Earthquake Repair/Rehab
Y $ - $ - $ -
130 Maintenance of former Chamber
Building
Property Maintenance 5/1/2009 1/1/2099 Various vendors Securing/repairing building from
vagrants and graffiti
Y $ - $ - $ -
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"
Y $ - $ - $ -
132 2010 Reimbursement/ Bond
Financing agreement with City of
Atascadero1
Bonds Issued On or Before
12/31/10
11/1/2015 6/30/2017 Wildan Financial Arbitrage calculation required by bond
covenants
Y $ - $ - $ -
Atascadero Recognized Obligation Payment Schedule (ROPS 19-20) - ROPS Detail
July 1, 2019 through June 30, 2020
(Report Amounts in Whole Dollars)
Item #Payee Description/Project Scope Project Area
Total Outstanding
Debt or Obligation Retired
19-20A (July - December)
19-20B
Total Project Name/Debt Obligation Obligation Type
Contract/Agreement
Execution Date
Fund Sources Fund Sources
Contract/Agreement
Termination Date
ROPS 19-20
Total
19-20B (January - June)
19-20A
Total
ITEM NUMBER: SA C-1
DATE: 09/10/19
ATTACHMENT: 2
Page 12 of 13
A B C D E F G H
Reserve Balance Other Funds RPTTF
Bonds issued on or
before 12/31/10
Bonds issued on or
after 01/01/11
Prior ROPS RPTTF
and Reserve
Balances retained
for future period(s)
Rent,
Grants,
Interest, etc.
Non-Admin
and
Admin
1 Beginning Available Cash Balance (Actual 07/01/16)
RPTTF amount should exclude "A" period distribution amount
879,467 1,244,003 12,451
2 Revenue/Income (Actual 06/30/17)
RPTTF amount should tie to the ROPS 16-17 total distribution from
the County Auditor-Controller
6,372 24,107 2,156,895
3 Expenditures for ROPS 16-17 Enforceable Obligations
(Actual 06/30/17)
26,319 8,617 2,077,283
Column C = Change in Cash with Fiscal Agent Balance
Column G = RPTTF Expend + Admin Expend + Reserve
Expend - Transfer to 2004/2005 Reserve (Line 3 of PPA)
Ties to PPA
4 Retention of Available Cash Balance (Actual 06/30/17)
RPTTF amount retained should only include the amounts distributed
as reserve for future period(s)
859,520 1,235,386 12,295 6,853
5 ROPS 16-17 RPTTF Prior Period Adjustment
RPTTF amount should tie to the Agency's ROPS 16-17 PPA form
submitted to the CAC
6 Ending Actual Available Cash Balance (06/30/17)
C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5)
0$ 0$ 0$ 11,812$ 85,210$
No entry required
Atascadero Recognized Obligation Payment Schedule (ROPS 19-20) - Report of Cash Balances
July 1, 2016 through June 30, 2017
(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
ROPS 16-17 Cash Balances
(07/01/16 - 06/30/17)
ITEM NUMBER: SA C-1
DATE: 09/10/19
ATTACHMENT: 2
Page 13 of 13