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OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE
SACRAMENTO COUNTY REDEVELOPMENT AGENCY
MEETING AGENDA January 23, 2017 – 3:30 PM COUNTY OF SACRAMENTO
700 H STREET, HEARING ROOM 1 SACRAMENTO, CA
MEMBERS: Cory Wathen, California Community Colleges appointee Troy Givans, County of Sacramento appointee LaShelle Dozier, County of Sacramento appointee Tammy Sanchez, Sacramento County Office of Education appointee Amanda Thomas, Sacramento Metro Fire District appointee Joe Flores, County of Sacramento Public at large appointee Dr. Michael Marion Jr., City of Sacramento appointee STAFF: Chris Pahule, Oversight Board Administrator Stephanie Percival, Legal Counsel Gracie Lunceford, Financial Liaison Olga Bachylo, Accountant Marika Garcia, Secretary Kate Rose, Associate Planner ORDER OF BUSINESS I. CALL TO ORDER II. ROLL CALL III. CONSENT CALENDAR
1. Approval of minutes – November 21, 2016
IV. ITEMS SCHEDULED FOR ACTION/DISCUSSION 1. Approval of the 2017-18 Recognized Obligation Payment Schedule and
Administrative Budget V. OVERSIGHT BOARD ADMINISTRATOR’S REPORT
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VI. QUESTIONS FROM BOARD MEMBERS
VII. CITIZENS COMMENTS While the Board welcomes and encourages participation in the meetings, it would be appreciated if you would limit your comments to three minutes so that everyone may be heard. Please fill out a speaker card and present it to the Clerk if you wish to speak under Citizen Comments. Matters under the jurisdiction of the Board, and not on the posted agenda, may be addressed by the general public at this time.
VIII. ADJOURNMENT To request an accommodation or alternative format for an Oversight Board meeting or printed materials, please call 916-874-1659 as soon as possible but at least three business days before the meeting.
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OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE
SACRAMENTO COUNTY REDEVELOPMENT AGENCY
MEETING AGENDA November 21, 2016 – 3:30 PM
COUNTY OF SACRAMENTO 700 H STREET, HEARING ROOM 1
SACRAMENTO, CA MEMBERS: Cory Wathen, California Community Colleges appointee Troy Givans, County of Sacramento appointee La Shelle Dozier, County of Sacramento appointee Tammy Sanchez, Sacramento County Office of Education appointee Amanda Thomas, Sacramento Metro Fire District appointee Joe Flores, County of Sacramento Public at large appointee Dr. Michael Marion Jr., City of Sacramento appointee STAFF: Chris Pahule, Oversight Board Administrator Stephanie Percival, Legal Counsel Gracie Lunceford, Financial Liaison Olga Bachylo, Accountant Marika Garcia, Secretary Kate Rose, Associate Planner ORDER OF BUSINESS I. CALL TO ORDER Meeting was called to order by Chair Troy Givans at 3:32 PM. II. ROLL CALL
Members present included: Troy Givans, La Shelle Dozier, Amanda Thomas, and Joe Flores. III. CONSENT CALENDAR
1. Approval of minutes – August 15, 2016 Motion to approve made by Member Dozier and seconded by Member Thomas. Minutes were approved 4-0.
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IV. ITEMS SCHEDULED FOR ACTION/DISCUSSION 1. Execution of a Sales and Purchase Agreement with, and Quitclaim Deed
to, Major and Narinder Bains for Property at 6001 and 6009 Watt Avenue (APN 215-0080-004, -005)
Chris Pahule presented the item and recommended that the property remain on the market despite the offer from Major and Narinder Bains. Chair Givans asked if the use of the site was limited due to the requirements of the North Highlands Town Center Special Planning Area (SPA). Mr. Pahule answered that the site is small and intended as a “gateway” into McClellan Business Park with high density under the SPA. A representative of Danco Properties, the adjacent property owner, was present and expressed an interest in working with the County to develop the site despite the site limitations. Member Thomas asked if we could increase the purchase price given the interest in the property. Real Estate staff answered that the current offer is for the appraised value and that the Successor Agency could accept an offer for a higher amount from another party. Chair Givans asked if there is time pressure from the state to dispose of property. Mr. Pahule answered that there is no time pressure and that the State Department of Finance does not review property dispositions. Member Dozier asked why staff delayed bringing the offer forward since the deposit from the Bains’ was received in June. Mr. Pahule answered that staff wanted to allow time for other parties to make an offer. Member Thomas motioned to approve and Member Dozier seconded. The execution of a Sales and Purchase Agreement was approved 3-1.
2. Authorization to Execute the First Amendment to the Master Inter-Agency Project Agreement with the County of Sacramento to transfer, allocate, and expend all excess bond proceeds pursuant to Health and Safety Code section 34191.4(c)
Kate Rose presented the item and recommended that the Amendment be executed. Member Thomas asked what staff proposed the SA do with the $414,971 of “other funds”. Ms. Rose answered that staff would bring forward options for these funds at the next Oversight Board meeting. Member Dozier motioned to approve and Member Thomas seconded. The execution of the First Amendment to the Master Inter-Agency Project Agreement was approved 4-0. V. OVERSIGHT BOARD ADMINISTRATOR’S REPORT Mr. Pahule asked if members would be available for a December 19, 2016 meeting and most members stated they would be able to attend. Mr. Pahule also informed members that a January meeting would be required for approval of the 2017-18 Recognized Obligation Payment Schedule. He mentioned that the regular meeting date of the third
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Monday of the month would fall on the MLK Holiday. Therefore, the meeting would be held on January 23, 2017. VI. QUESTIONS FROM BOARD MEMBERS
VII. CITIZENS COMMENTS
No members of the public were present to speak. VIII. ADJOURNMENT Meeting was adjourned by Chair Givans at 4:00 PM.
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Sacramento County Successor Agency Oversight Board Agenda item: IV-1 For the Agenda of: January 23, 2017 Subject: Approval of the Recognized Obligation Payment Schedule 2017-18 and Administrative Budget Report Type: Action Contact: Chris Pahule, Principal Planner, (916) 874-4447 Overview: Health & Safety Code Sections 34177 and 34180 require that the Successor Agency prepare a Recognized Obligation Payment Schedule (ROPS) for approval by the Oversight Board. Furthermore, SB 107, which was approved and signed into law by Governor Brown in September 2015, requires an annual ROPS be adopted by the Oversight Board by February 1, 2017. The 2017-18 ROPS contains several items of note with regards to the progress of the wind down of the affairs of the former Redevelopment Agency of the County of Sacramento. These are summarized below:
- Line Item 96. Fewer funds are being requested for the Property Holding Costs line item than in the previous fiscal years because the Successor Agency has successfully disposed of a majority of its property holdings. A total of $12,000 was requested for this line item in the previous fiscal year ($8,000 was requested during the 2016-17A ROPS and 4,000 was requested during the 2016-17B ROPS). Whereas, this year only $4,000 is being requested for both the 2017-18A and 2017-18B ROPS which amounts to a total of $8,000 for the 2017-18 fiscal year.
- Line Item 97. As with line item 96, fewer funds are being requested for the Property Maintenance line item than in the previous fiscal years. A total of $37,500 was requested for this line item in the previous fiscal year ($25,000 was requested during the 2016-17A ROPS and $12,500 was requested during the 2016-17B ROPS). Whereas, this year only $12,500 is being requested for both the 2017-18A and 2017-18B ROPS which amounts to a total of $25,000 for the 2017-18 fiscal year. This relatively high amount is due to the properties that are retained having illegal dumping and trespassing issues on a regular basis.
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- Line Item 131. No additional funds are being requested for the Long Range Property Management Plan (LRPMP) Implementation line item in this fiscal year. Currently, $41,043 is reported on the 2017-18 ROPS as the remaining obligation from the 2016-17B request. The Sacramento County Real Estate Division has estimated that this amount is sufficient for the disposition of the remaining Successor Agency property.
- Other Fund Revenue. Sacramento Housing and Redevelopment Agency staff recently informed the Successor Agency that it held funds in the amount of $414,971 of reimbursed funds from the Sacramento Area Sewer District (SASD) that were due to the Successor Agency. Consistent with direction from the State Department of Finance, Successor Agency staff removed these funds from the First Amendment to the Master Interagency Project Agreement. When the Oversight Board approved the First Amendment to the Master Interagency Project Agreement on November 21, 2016, staff informed the Oversight Board that they would present options for the use of these funds at a future Oversight Board meeting. Based on direction from the California Infrastructure and Economic Development Bank (California IBank), staff proposes including the funds within the 2017-18 ROPS as Other funds. Accordingly, this money is included in the Cash Balances tab of the 2017-18 ROPS as Other fund revenue received in 2015-16B to be used during the 2017-18 fiscal year.
Recommendation: Approve the attached resolution authorizing the ROPS 2017-18 and Administrative Budget for the period July 1, 2017 through June 30, 2018. Background: As of February 1, 2012, the County became the recognized Successor Agency to the former Redevelopment Agency of the County of Sacramento (Agency) for all non-housing functions and obligations. Staff is responsible for the expeditious wind down of approximately $190 million of outstanding obligations remaining over the life of the former four County redevelopment project areas. The major responsibility of staff is to prepare the ROPS, which are considered to be enforceable obligations under the language of AB 1x26. The ROPS includes bonds, debt payments; project obligations, pass-through payments, incurred; liabilities for former Agency retirees, County property tax collection fees, administrative costs (under the Administrative Allowance) and costs associated with maintenance of former Agency properties. SB 107 became law on September 22, 2015 and its provisions greatly affect the ROPS process, including an annual ROPS instead of a six-month ROPS. Staff is recommending Oversight Board approval of the ROPS 2017-18 included as Attachment 1. Staff is also recommending approval of the Administrative Budget July 1, 2017 through June 30, 2018 included as Attachment 2. The tables below summarize the types of obligations outstanding on the ROPS:
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Summary of Amended ROPS 2017-18 Obligation Category Total
Obligation % of Total
Due Jul 2017-Jun 2018
Description
Debt 127,219,890 95.72% 10,230,617 Primarily Tax Allocation Bonds and California Infrastructure Bank Loans
Projects from Bond Proceeds
- 0.00% - Various redevelopment projects
Project Delivery for Bond Projects
- 0.00% - Various redevelopment projects
Rental Subsidy Agreements 1,202,000 0.90% 296,000 Third party agreements to provide a low income rental subsidy to the development for a prescribed period of time
Property Tax Rebate Agreements
1,697,398 1.28% - Commercial property tax rebate agreements
Retirement Obligations 2,161,861 1.63% 187,295 Pension and Post-Retirement Medical Obligations of the former Redevelopment Agency
Administrative Allowance 250,000 0.19% 250,000 AB 26 Administrative Allowance
Other 52,940 0.04% 52,940 Miscellaneous fees for loan servicing, fiscal agents, investment fees, deposit liabilities, property holding costs (utilities, landscape maintenance)
LRPMP Implementation 41,043 0.03% - Property Disposition Housing Entity Administrative Cost Allowance (AB471)
300,000 0.23% 150,000
TOTAL
132,925,132 100% 11,166,852
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Summary of Changes to ROPS
Total Obligations on Amended July 2016- Jun 2017 ROPS
140,407,351
Housing Entity Administrative Cost Allowance (AB471)
(150,000) Payments on Projects
(150,000)
Debt Payments
(6,210,911) Rental Subsidy Payment
(296,000)
Decrease in Retirement Obligations
(164,788) Increase in Other: PFA Financials, Fees, Audit
(427,000)
LRPMP Implementation
(83,520) Adjustments/Corrections
Total Obligations on Amended Jul 2016- June 2017 ROPS
132,925,132
The State Department of Finance (DOF) has the authority to review the approved ROPS of the OB and must provide their determination no later than April 15, 2017. The DOF may send the action back to the OB for reconsideration and the modified action of the OB is subject to approval by DOF. Attachments: Attachment 1 – Recognized Payment Obligation Schedule (ROPS 2017-18) Attachment 2 – Administrative Budget Resolution – Approval of the ROPS 2017-18 Resolution – Approval of the Administrative Budget
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2 $
4
77,0
32
147
Con
stru
ctio
nIm
prov
emen
t/Inf
rast
ruct
ure
1/1/
2014
12/3
1/20
17C
ount
y of
Sac
ram
ento
Mas
ter I
APA/
Vario
us P
roje
cts
Y
$
-
$
-
$
-
148
N
$
- $
- $
-
1
49
N
$
-
$
-
$
-
150
N
$
- $
- $
-
1
51
N
$
-
$
-
$
-
152
N
$
- $
- $
-
1
53
N
$
-
$
-
$
-
154
N
$
- $
- $
-
1
55
N
$
-
$
-
$
-
156
N
$
- $
- $
-
1
57
N
$
-
$
-
$
-
158
N
$
- $
- $
-
1
59
N
$
-
$
-
$
-
160
N
$
- $
- $
-
1
61
N
$
-
$
-
$
-
162
N
$
- $
- $
-
1
63
N
$
-
$
-
$
-
164
N
$
- $
- $
-
1
65
N
$
-
$
-
$
-
166
N
$
- $
- $
-
1
67
N
$
-
$
-
$
-
168
N
$
- $
- $
-
1
69
N
$
-
$
-
$
-
170
N
$
- $
- $
-
1
71
N
$
-
$
-
$
-
172
N
$
- $
- $
-
1
73
N
$
-
$
-
$
-
174
N
$
- $
- $
-
1
75
N
$
-
$
-
$
-
176
N
$
- $
- $
-
1
77
N
$
-
$
-
$
-
178
N
$
- $
- $
-
1
79
N
$
-
$
-
$
-
180
N
$
- $
- $
-
1
81
N
$
-
$
-
$
-
182
N
$
- $
- $
-
Sacr
amen
to C
ount
y R
ecog
nize
d O
blig
atio
n Pa
ymen
t Sch
edul
e (R
OPS
17-
18) -
RO
PS D
etai
l
July
1, 2
017
thro
ugh
June
30,
201
8
(Rep
ort A
mou
nts
in W
hole
Dol
lars
)
Item
#Pa
yee
Des
crip
tion/
Proj
ect S
cope
Proj
ect A
rea
Tot
al O
utst
andi
ng
Deb
t or O
blig
atio
n R
etire
d
17-
18A
(Jul
y - D
ecem
ber)
17-
18B
Tota
l Pr
ojec
t Nam
e/D
ebt O
blig
atio
nO
blig
atio
n Ty
peC
ontra
ct/A
gree
men
t Ex
ecut
ion
Dat
e
Fun
d So
urce
s F
und
Sour
ces
Con
tract
/Agr
eem
ent
Term
inat
ion
Dat
e R
OPS
17-
18
Tota
l
17-
18B
(Jan
uary
- Ju
ne)
17-
18A
Tota
l
Attachment 1 For the Agenda of: January 23, 2017
11
AB
CD
EF
GH
IJ
KL
MN
OP
QR
ST
UV
W
Bon
d Pr
ocee
ds
Res
erve
Bal
ance
O
ther
Fun
ds
RPT
TF
Adm
in R
PTTF
B
ond
Proc
eeds
R
eser
ve B
alan
ce
Oth
er F
unds
R
PTTF
A
dmin
RPT
TF
Sacr
amen
to C
ount
y R
ecog
nize
d O
blig
atio
n Pa
ymen
t Sch
edul
e (R
OPS
17-
18) -
RO
PS D
etai
l
July
1, 2
017
thro
ugh
June
30,
201
8
(Rep
ort A
mou
nts
in W
hole
Dol
lars
)
Item
#Pa
yee
Des
crip
tion/
Proj
ect S
cope
Proj
ect A
rea
Tot
al O
utst
andi
ng
Deb
t or O
blig
atio
n R
etire
d
17-
18A
(Jul
y - D
ecem
ber)
17-
18B
Tota
l Pr
ojec
t Nam
e/D
ebt O
blig
atio
nO
blig
atio
n Ty
peC
ontra
ct/A
gree
men
t Ex
ecut
ion
Dat
e
Fun
d So
urce
s F
und
Sour
ces
Con
tract
/Agr
eem
ent
Term
inat
ion
Dat
e R
OPS
17-
18
Tota
l
17-
18B
(Jan
uary
- Ju
ne)
17-
18A
Tota
l
1
83
N
$
-
$
-
$
-
184
N
$
- $
- $
-
1
85
N
$
-
$
-
$
-
186
N
$
- $
- $
-
1
87
N
$
-
$
-
$
-
188
N
$
- $
- $
-
1
89
N
$
-
$
-
$
-
190
N
$
- $
- $
-
1
91
N
$
-
$
-
$
-
192
N
$
- $
- $
-
1
93
N
$
-
$
-
$
-
194
N
$
- $
- $
-
1
95
N
$
-
$
-
$
-
196
N
$
- $
- $
-
1
97
N
$
-
$
-
$
-
198
N
$
- $
- $
-
1
99
N
$
-
$
-
$
-
200
N
$
- $
- $
-
Attachment 1For the Agenda of: January 23, 2017
12
Succ
esso
r Age
ncy:
Sacr
amen
to C
ount
yC
ount
y:Sa
cram
ento
Cur
rent
Per
iod
Req
uest
ed F
undi
ng fo
r Enf
orce
able
Obl
igat
ions
(RO
PS D
etai
l) 1
7-18
A To
tal
(Jul
y - D
ecem
ber)
1
7-18
B T
otal
(Jan
uary
- Ju
ne)
RO
PS 1
7-18
Tot
al
A4,
225,
887
$
245,
055
$
4,
470,
942
$
B-
-
-
C3,
976,
259
-
3,97
6,25
9
D24
9,62
8
245,
055
49
4,68
3
E57
2,64
0$
6,12
3,27
0$
6,
695,
910
$
F44
7,64
0
5,99
8,27
0
6,
445,
910
G12
5,00
0
125,
000
25
0,00
0
HC
urre
nt P
erio
d En
forc
eabl
e O
blig
atio
ns (A
+E):
4,79
8,52
7$
6,
368,
325
$
11,1
66,8
52$
Nam
eTi
tle
/s/ Si
gnat
ure
Dat
e
Rec
ogni
zed
Obl
igat
ion
Paym
ent S
ched
ule
(RO
PS 1
7-18
) - S
umm
ary
File
d fo
r the
Jul
y 1,
201
7 th
roug
h Ju
ne 3
0, 2
018
Perio
d
Enfo
rcea
ble
Obl
igat
ions
Fun
ded
as F
ollo
ws
(B+C
+D):
RPT
TF
Red
evel
opm
ent P
rope
rty
Tax
Trus
t Fun
d (R
PTTF
) (F+
G):
Bond
Pro
ceed
s
Res
erve
Bal
ance
Oth
er F
unds
Adm
inis
trativ
e R
PTTF
Cer
tific
atio
n of
Ove
rsig
ht B
oard
Cha
irman
:Pu
rsua
nt to
Sec
tion
3417
7 (o
) of t
he H
ealth
and
Saf
ety
code
, I h
ereb
y ce
rtify
that
the
abov
e is
a tr
ue a
nd a
ccur
ate
Rec
ogni
zed
Obl
igat
ion
Paym
ent S
ched
ule
for t
he a
bove
nam
ed s
ucce
ssor
age
ncy.
Attachment 1For the Agenda of: January 23, 2017
13
AB
CD
EF
GH
I
Oth
er R
PTTF
Bon
ds is
sued
on
or b
efor
e 12
/31/
10
Bon
ds is
sued
on
or a
fter 0
1/01
/11
Prio
r RO
PS
perio
d ba
lanc
es
and
DD
R R
PTTF
ba
lanc
es
reta
ined
Prio
r RO
PS
RPT
TF
dist
ribut
ed a
s re
serv
e fo
r fut
ure
perio
d(s)
Ren
t,gr
ants
,in
tere
st, e
tc.
Non
-Adm
in
and
Adm
in
RO
PS 1
5-16
B A
ctua
ls (0
1/01
/16
- 06/
30/1
6)1
Beg
inni
ng A
vaila
ble
Cas
h B
alan
ce (A
ctua
l 01/
01/1
6)
15,7
89,7
79
-
177,
788
3
137,
980
15
1,80
3
2R
even
ue/In
com
e (A
ctua
l 06/
30/1
6)
RPT
TF a
mou
nts
shou
ld ti
e to
the
RO
PS 1
5-16
B di
strib
utio
n fro
m th
e C
ount
y Au
dito
r-C
ontro
ller d
urin
g Ja
nuar
y 20
16
494,
683
6,
263,
513
3Ex
pend
iture
s fo
r RO
PS 1
5-16
B E
nfor
ceab
le O
blig
atio
ns (A
ctua
l 06
/30/
16)
10,3
71,7
65
9,17
9
2,
467,
597
4R
eten
tion
of A
vaila
ble
Cas
h B
alan
ce (A
ctua
l 06/
30/1
6)
RPT
TF a
mou
nt re
tain
ed s
houl
d on
ly in
clud
e th
e am
ount
s di
strib
uted
as
rese
rve
for f
utur
e pe
riod(
s)
5,41
8,01
4
3,
930,
296.
00
5
RO
PS 1
5-16
B R
PTTF
Bal
ance
s R
emai
ning
No
entry
requ
ired
6 E
ndin
g Ac
tual
Ava
ilabl
e C
ash
Bal
ance
C
to G
= (1
+ 2
- 3
- 4),
H =
(1 +
2 -
3 - 4
- 5)
-$
-$
177,
788
$
3
$
623,
484
$
17
,423
$
Sacr
amen
to C
ount
y R
ecog
nize
d O
blig
atio
n Pa
ymen
t Sch
edul
e (R
OPS
17-
18) -
Rep
ort o
f Cas
h B
alan
ces
(Rep
ort A
mou
nts
in W
hole
Dol
lars
)Pu
rsua
nt to
Hea
lth a
nd S
afet
y Co
de se
ctio
n 34
177
(l), R
edev
elop
men
t Pro
pert
y Ta
x Tr
ust F
und
(RPT
TF) m
ay b
e lis
ted
as a
sour
ce o
f pay
men
t on
the
ROPS
, but
onl
y to
the
exte
nt n
o ot
her f
undi
ng so
urce
is a
vaila
ble
or w
hen
paym
ent f
rom
pro
pert
y ta
x re
venu
es is
requ
ired
by a
n en
forc
eabl
e ob
ligat
ion.
For
tips
on
how
to c
ompl
ete
the
Repo
rt o
f Cas
h Ba
lanc
es F
orm
, see
Cas
h Ba
lanc
e Ti
ps S
heet
.
Fund
Sou
rces
Com
men
ts
Bon
d Pr
ocee
ds
Res
erve
Bal
ance
Cas
h B
alan
ce In
form
atio
n by
RO
PS P
erio
d
Attachment 1For the Agenda of: January 23, 2017
14
Item
#N
otes
/Com
men
ts88
R
eim
burs
emen
t Fun
ds fr
om S
acra
men
to A
rea
Sew
er D
istri
ct p
lace
d in
Oth
er F
unds
and
use
d fo
r 17-
18A
perio
d92
R
eim
burs
emen
t Fun
ds fr
om S
acra
men
to A
rea
Sew
er D
istri
ct p
lace
d in
Oth
er F
unds
and
use
d fo
r 17-
18A
and
17-1
8B p
erio
ds96
R
eim
burs
emen
t Fun
ds fr
om S
acra
men
to A
rea
Sew
er D
istri
ct p
lace
d in
Oth
er F
unds
and
use
d fo
r 17-
18A
and
17-1
8B p
erio
ds97
R
eim
burs
emen
t Fun
ds fr
om S
acra
men
to A
rea
Sew
er D
istri
ct p
lace
d in
Oth
er F
unds
and
use
d fo
r 17-
18A
and
17-1
8B p
erio
ds99
R
eim
burs
emen
t Fun
ds fr
om S
acra
men
to A
rea
Sew
er D
istri
ct p
lace
d in
Oth
er F
unds
and
use
d fo
r 17-
18A
and
17-1
8B p
erio
ds67
U
pdat
ed E
xecu
tion
Dat
e an
d Te
rmin
atio
n D
ate
96
Upd
ated
Exe
cutio
n D
ate
and
Term
inat
ion
Dat
e97
U
pdat
ed E
xecu
tion
Dat
e an
d Te
rmin
atio
n D
ate
132
Upd
ated
Exe
cutio
n D
ate
and
Term
inat
ion
Dat
e14
7
Ite
m R
etire
d
Sacr
amen
to C
ount
y R
ecog
nize
d O
blig
atio
n Pa
ymen
t Sch
edul
e (R
OPS
17-
18) -
Not
es J
uly
1, 2
017
thro
ugh
June
30,
201
8
Attachment 1For the Agenda of: January 23, 2017
15
16
Adm
inis
trat
ive
Cos
ts (1
)7/
1/20
17 -
6/30
/201
8
Fina
nce/
Cas
h M
anag
emen
t/Deb
t/Rep
ortin
gFi
nanc
e70
,000
Lega
lC
ount
y C
ouns
el28
,000
Succ
esso
r Age
ncy
Plan
ning
/Ove
rsig
ht B
oard
St
affin
g/Pr
oper
ty D
ispo
sitio
nC
omm
unity
Dev
elop
men
t15
2,00
0
25
0,00
0
Prop
osed
Adm
inis
trat
ive
Bud
get
Cou
nty
RAS
A
(1) C
osts
refle
ct s
taff
time
nece
ssar
y to
com
plet
e re
quire
d re
spon
sibi
litie
s an
d su
ppor
t of S
ucce
ssor
Age
ncy
Dep
artm
ent
Task
Attachment 2For the Agenda of: January 23, 2017
17
18
1
RESOLUTION NO. 2017 -
ADOPTED BY THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE FORMER REDEVELOPMENT AGENCY OF
THE COUNTY OF SACRAMENTO
ON DATE OF
January 23, 2017
APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS) 2017-18 FOR THE SUCCESSOR AGENCY TO THE FORMER REDEVELOPMENT
AGENCY OF THE COUNTY OF SACRAMENTO
WHEREAS, Pursuant to Health and Safety Code section 34173(d), on January 24, 2012, the County of Sacramento elected to serve as the Successor Agency to the former Redevelopment Agency of the County of Sacramento (Successor Agency) for its non-housing assets and functions, by County Resolution No. 2012-0051. By this action, the County of Sacramento became the Successor Agency as of February 1, 2012; and,
WHEREAS, the Oversight Board for the Sacramento County Successor Agency
(Oversight Board) has been formed pursuant to Health and Safety Code section 34179; and,
WHEREAS, under Health and Safety Code section 341771(1)(3), the ROPS is to be forward looking to the next six month period or one year, and commencing with the ROPS covering the period from July 1, 2016, to June 30, 2017, inclusive, and for each period from July 1 to June 30, inclusive, thereafter, a successor agency shall submit an oversight board-approved ROPS to the State Department of Finance and to the county auditor-controller no later than February 1, 2016, and each February thereafter.
NOW, THEREFORE, BE IT RESOLVED BY THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE FORMER REDEVELOPMENT AGENCY OF THE COUNTY OF SACRAMENTO
Section 1. The approval of the ROPS 2017-18 by this Resolution does not commit the
Oversight Board or the Successor Agency to any action that may have a significant effect on the environment for planned redevelopment projects on the ROPS which have not yet been subject to environmental review under the California Environmental Quality Act. For such projects, the ROPS is a budgeting document to allocate funds for project construction contingent on completion of the required planning, design and environmental review process.
Section 2. The Oversight Board hereby approves and adopts the Amended ROPS 2016-17 for the period of July 1, 2017 through June 30, 2018, included as Attachment 1 to the staff report, pursuant to Health and Safety Code section 34177.
Section 3. The Oversight Board hereby directs the Successor Agency as follows: 1) to make payments due in accordance with the approved Amended ROPS 2017-18, 2) to submit a copy of the approved Amended ROPS 2017-18 to the State Department of Finance (DOF) and
19
2
the County Auditor Controller, 3) to post the adopted Amended ROPS 2017-18 on the Successor Agency’s website.
Section 4.The adoption of the ROPS 2017-18 shall be effective as provided in Health and Safety Code section 34179(h).
Section 5. If the DOF requests removal of certain enforceable obligations on the ROPS
2017-18, it will be deemed automatically amended to delete these items and reflect only those agreed upon items.
Section 6. The ROPS 2017-18 shall be subject to amendment upon completion of the
County Auditor Controllers agreed upon procedures audit, Due Diligence Review or upon comments received after DOF review.
On a motion by Member ______, seconded by Member _______, the foregoing
Resolution was passed and adopted by the Oversight Board for the Redevelopment Agency Successor Agency of the County of Sacramento, State of California this 23rd day of January 2017, by the following vote, to wit: AYES: NOES: ABSENT: ABSTAIN:
Chair of the Oversight Board for the Successor Agency to the Former Redevelopment Agency of the County of Sacramento, California ATTEST: Oversight Board Clerk
20
1
RESOLUTION NO. 2017 -
ADOPTED BY THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE FORMER REDEVELOPMENT AGENCY
OF THE COUNTY OF SACRAMENTO
ON DATE OF
January 23, 2017
APPROVING THE 2017-18 ADMINISTRATIVE BUDGET OF THE SUCCESSOR AGENCY TO THE FORMER REDEVELOPMENT AGENCY
OF THE COUNTY OF SACRAMENTO
WHEREAS, under Health and Safety Code section 34177(j), the Successor Agency to the former Redevelopment Agency of the County of Sacramento (Successor Agency) is to prepare a proposed Administrative Budget to cover the County of Sacramento’s costs to undertake the required Successor Agency tasks to wind down the affairs of the dissolved Redevelopment Agency of the County of Sacramento (Redevelopment Agency). The budget is to be based on the estimated administrative costs for the fiscal year, and identify sources for payment of those costs. Under Health and Safety Code section 34171(b), the “Administrative Cost Allowance” is payable from property tax revenues allocated to the successor agency to administer its assigned duties under AB 26; and,
WHEREAS, for FY 2017-18, the total amount of the Administrative Budget is subject to
a limit of three percent (3%) of the total property tax allocated by the County Assessor to pay the Redevelopment Agency’s enforceable obligations, but in no event shall the amount be less than $250,000; and,
WHEREAS, the proposed Successor Agency’s Administrative Budget for FY 207-18
reflects the minimum Administrative Budget amount of $250,000; and, WHEREAS, under Health and Safety Code section 34177(j), the proposed
Administrative Budgets are subject to the review and approval of the Oversight Board.
NOW, THEREFORE, BE IT RESOLVED BY THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE FORMER REDEVELOPMENT AGENCY OF THE COUNTY OF SACRAMENTO
Section 1. The Oversight Board hereby approves the Successor Agency’s Administrative
Budget for the period of July 1, 2017 through June 30, 2018 in FY 2017-18, included as Attachment 2 to the staff report, pursuant to Health and Safety Code section 34177(j).
Section 2. The adoption of the Administrative Budget shall be effective as provided in Health and Safety Code section 34179(h).
Section 3. If the State Department of Finance requests review of certain costs included in the Administrative Budget for FY 2017-18, all of the other costs in the Administrative Budget shall not be affected by such action. The Successor Agency shall identify and segregate from the approved Administrative Budget those items subject to review by the State Department of
21
2
Finance, so that the remaining portions of the Administrative Budget shall become effective to allow the Successor Agency to make payments for costs incurred in accordance with budget as approved by the Oversight Board.
On a motion by Member ______, seconded by Member _______, the foregoing Resolution was passed and adopted by the Oversight Board for the Redevelopment Agency Successor Agency of the County of Sacramento, State of California this 23rd day of January 2017, by the following vote, to wit: AYES: NOES: ABSENT: ABSTAIN:
Chair of the Oversight Board for the Successor Agency to the Former Redevelopment Agency of the County of Sacramento, California ATTEST: Oversight Board Clerk
22
