HomeMy WebLinkAboutSA RESO 2023-115 ROPS for Period of July 1 2024 through June 30 2025RESOLUTION H. 2023— 115
RESOLUTION TIOI OF THE BOARD OF THE SUCCESSOR AGENCY CY TO THE COMMUNITY
DEVELOPMENT T COMMISSION S THE NATIONAL L CITY REDEVELOPMENT AGENCY
APPROVING THE RECOGNIZED E BLI ATIOI PAYMENT SCHEDULE MOPS) FOR THE
PERIOD JULY 1, 2024 THROUGH JUNE 30, (ROPS 24-25) WITH EXPENDITURES
ES
TOTALING $4,250,528, APPROVING THE ASSOCIATED ADMINISTRATIVE BUDGET OF
$190,000, AND APPROVING THE SUBMITTAL OF BOTH TO THE COUNTY OF SAN DIEGO
COUNTYWIDE REDEVELOPMENT 1T SUCCESSOR AGENCY OVERSIGHT BOARD
WHEREAS, the City Council established the Redevelopment elopment Agency of the City
of National City (the "Redevelopment elopment Agency") by Ordinance No. 1164, dated April 11, 1967; and
WHEREAS, EAS, the City Council established the Housing Authority of the City of
National City (the "Housing Authority") by Ordinance No. 1484, dated October 14, 1975; and
WHEREAS, E S, the City Council established the Community Development
Commission of the City of National City (the "CDC") by Ordinance No. 1484, dated October 14,
1975, and vested the CDC with all of the powers, duties, and responsibilities of both the
Redevelopment Agency and the Housing Authority, among other matters, for the purpose of
enabling the CDC to operate and govern the Redevelopment Agency and the Housing Authority
under a single board and as a single operating entity. The CDC acting in its capacity as the
Redevelopment Agency of the City of National City is referred to herein as the "CDC -RDA'; and
WHEREAS, all California redevelopment agencies, including the Redevelopment
Agency, were dissolved on February 1, 2012, and successor agencies were designated and
vested with the responsibility of winding down the business and fiscal affairs of the former
redevelopment agencies; and
WHEREAS, EAS, pursuant to AB 26, the City Council adopted Resolution No. 2012-15
on January 10, 2012, electing to be the Successor Agency to the CDC -RDA. The Successor
Agency is a legal entity that exists separate and independent from the City of National City. The
Successor Agency formally named itself the "Successor Agency to the Community Development
Commission as the National City Redevelopment Agency"; and
WHEREAS, Health and Safety Code section 34177 1 requires each successor
agency to prepare a Recognized Obligation Payment Schedule (ROPS) prior to each upcoming
fiscal period and submit it for approval to its oversight board; and
WHEREAS, a recognized obligation payment schedule for the period of July 1,
2024 through June 30, 2025 (ROPS 24-25) with expenditures totaling $4,250,528 has been
submitted by the Executive Director for consideration and approval by the Board of the Successor
Agency; and
WHEREAS, the ROPS 24-25 shall hereafter be submitted for review and approval
to the County of San Diego Countywide Redevelopment Successor Agency Oversight Board, and
submitted to the County Administrative Officer, County Auditor/Controller, State Department of
Finance, and State Controller as required by Health and Safety Code section 34.177 1 ; and
WHEREAS, an Administrative Budget for the Successor Agency for the ROPS 24-
25 period with estimated expenditures totaling $190,000 has been submitted by the Executive
Director for consideration and approval by the Board of the Successor Agency; and
WHEREAS, the ROPS 24-25 Administrative Budget shall hereafter be submitted
for review and approval to the County of San Diego Countywide Redevelopment Successor
Agency Oversight Board; and
WHEREAS, the Successor Agency's RODS 24-25, which is consistent with the
requirements of the Health and Safety Code and other applicable law, is attached to this
Resolution as Exhibit "A"; and
WHEREAS, the Successor Agency's ROPS 24-25 Administrative Budget, which
is consistent with the requirements of the Health and Safety Code and other applicable law, is
attached to this Resolution as Exhibit "B"; and
WHEREAS, this Resolution has been reviewed with respect to applicability of the
California Environmental Quality Act ("CEQA"), the State CEQA Guidelines (California Code of
Regulations, Title 14, Sections 15000 et seq., hereafter the "Guidelines"), and the City's
environmental guidelines; and
WHEREAS, this Resolution is not a "project" for purposes of CEQA, as that term
is defined by Guidelines section 15378, because this Resolution is an organizational or
administrative activity that will not result in a direct or indirect physical change in the environment,
per section 1 37 b of the Guidelines; and
WHEREAS, all of the prerequisites with respect to the adoption of this Resolution
have been met.
NOW, THEREFORE, THE BOARD OF THE SUCCESSOR AGENCY TO THE
COMMUNITY DEVELOPMENT COMMISSION AS THE NATIONAL CITY REDEVELOPMENT
Ei T
AGENCY DOES RESOLVE, DECLARE, DETERMINE, AND ORDER AS FOLLOWS:
Section I: The foregoing recitals are true and correct, and are hereby made by this
reference a substantive part of this Resolution.
Section 2: The Successor Agency's ROPS 24-25, which is attached hereto as Exhibit
"A", is approved.
Section 3: The Successor Agency's ROPS 24-25 Administrative Budget, which is
attached hereto as Exhibit "B", is approved.
Section 4: The Executive Director, or designee, is hereby authorized and directed to:
(i) submit the ROPS 24-25 and the ROPS 24-25 Administrative
Budget to the County of San Diego Countywide Redevelopment Successor Agency Oversight
Board for approval in such format as may be directed by the Oversight Board or the County of
San Diego; and
(ii)take such other actions and execute such other documents as are
necessary to effectuate the intent of this Resolution on behalf of the Successor Agency; and
(ii)take such other actions and execute such other documents as are
necessary to comply r with Health and Safety Code 34177 with regard to ROPS 24-25, and to
amend the ROPS 24-25 administratively to reflect the most current cost estimates for all items
and the most current prior period actual cost or cash data, or to conform to the direction, guidance,
and/or requirements related to ROPS 24-25 by the Oversight Board, Department of Finance, or
other reviewing agencies.
Section 4: The Successor Agency determines that this Resolution is not a "project" for
purposes of CEQA, as that term is defined by Guidelines section 15378, because this Resolution
is an organizational or administrative activity that will not result in a direct or indirect physical
change in the environment, per section 1 (b) 5 of the Guidelines.
Section 5: This Resolution shall take effect upon the date of its adoption.
ATTEST:
PASSED and ADOPTED this 5the y of December 2023.
Nio,iptQ
Shelley chapel!, MMC, city Clerk as
Secretary to the Successor Agency
APPROVED AS TO FORM:
Barry J. ` ` , City Attorney
Successor Agency Counsel
Passed and adopted by the City Council of the City of National City, California, on
December 5, 2023 by the following roll -call vote, to -wit:
Ayes: Bush, Rodriguez, Yamane, Molina, Morrison
Nays: None,
Absent: None.
Abstain: None.
AUTHENTICATED BY: Ron Morrison
Mayor of the City of National City, California
City Clerk of the !it of Nation 1 City, California
BY: /113/ii
Shelley Chapel, City Cler
Exhibit A
Recognized Obligation Payment Schedule (ROPS 24-25)
Summary for the July 1, 2024 through June 30, 2025 Period
Successor Agency: National City
County: San Diego
Currrent Period Requested Funding for Enforceable
Obligations (ROPS Detail)
24-25A Total 24-25B Total
(July - (January -
December) June)
ROPS 24-25
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) $ 3,831,626 $ 418,902 $ 4,250,528
F RPTTF 3,736,626 323,902 4,060,528
G Administrative RPTTF 95,000 95,000 190,000
H Current Period Enforceaable Obligations (A+E) $ 3,831,626 $ 418,902 $ 4,250,528
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.
/s/
Name Title
Signature Date
Page 338 of 441
National City Successor Agency
Form of Recognized Obligation Payment Schedule (ROPS) 24-25
Funding Sources ROPS
24-25A (Jul - Dec)*
Funding Sources ROPS
24-25B (Jan - Jun)*
Item #
Project Name/Debt Obligation
Beginning
Date
Ending
Date
Payee
Description/Project Scope
Total
Outstanding
Debt or
Obligation
Retired
ROPS 24-25
Total
Redevelopment
Property Tax
Trust Fund
(RPTTF)
Admin
RPTTF
ROPS 24-
25A Total
Redevelopment
Property Tax
Trust Fund
(RPTTF)
Admin
RPTTF
ROPS 24-
25B Total
Totals
32,911,104
4,250,528
3,736,626
95,000
3,831,626
323,902
95,000
418,902
87
Personnel and Admin Costs
7/1/2024
6/30/2025
City of National City
Personnel and other support
services for SA
190,000
N
190,000
-
95,000
95,000
95,000
95,000
128
Contract for Financial Analysis
2/1/2017
12/31/2025
NHA Advisors
Financial and bond
adviser/annual disclosure
4,000
N
4,000
4,000
-
4,000
-
162
Bonds
7/1/2018
8/1/2032
Bank of New York
Fiscal Agent Fees
4,000
N
4,000
4,000
-
4,000
-
180
2017 Tax Allocation Refunding Bond -
Series A Principal Payment
9/27/2017
8/1/2032
Bank of New York
Mellon Trust
Company, N. A.
Bonds issued to refund the
outstanding principal balance of
the 2005E and 2011 TABs
28,016,000
N
3,139,000
3,139,000
-
3,139,000
-
181
2017 Tax Allocation Refunding Bond -
Series A Interest Payment
9/27/2017
8/1/2032
Bank of New York
Mellon Trust
Company, N. A.
Bonds issued to refund the
outstanding principal balance of
the 2005B and 2011 TABs
3,167,878
N
658,518
348,799
-
348,799
309,719
309,719
182
2017 Tax Allocation Refunding Bond -
Series B Principal Payment
9/27/2017
8/1/2029
Bank of New York
Mellon Trust
Company, N. A.
Bonds issued to refund the
outstanding principal balance of
the 1999 TAHBs
1,426,000
N
224,000
224,000
-
224,000
-
183
2017 Tax Allocation Refunding Bonds -
Series B Interest Payment
9/27/2017
8/1/2029
Bank of New York
Mellon Trust
Company, N. A.
Bonds issued to refund the
outstanding principal balance of
the 1999 TAHBs
103,226
N
31,010
16,827
-
16,827
14,184
14,184
" This version of the ROPS has been condensed for readability. The full ROPS form contains three other funding
categories in addtion to the RPTTF, but because none of them apply to the National City Successor Agency, they have
been omitted from the schedule. Those other possible funding sources incude Bond Proceeds, Reserve Balance and
Other Funds.
Page 339 of 441
Report of Cash Balances
July 1, 2021 through June 30, 2022
(Report Amounts in Whole Dollars)
Pursuant to Health and Safety Code section 34177 (I), 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
A
B
C I D E F G
H
ROPS 21-22 Cash Balances
(07/01/21 - 06/30/22)
Fund Sources
Comments
Bond Proceeds
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 07/01/21)
RPTTF amount should exclude "A" period distribution amount
1,465
193,236
770,858
1,978,769
El = reserve balance available from R20-21;
F1 = sum of prior period amounts applied to
future periods; G1 = sum of prior period PPA
amounts applied to future periods
2
Revenue/Income (Actual 06/30/22)
RPTTF amount should tie to the ROPS 20-21 total distribution
from the County Auditor -Controller
0
64,966
2,774,138
G2 = ROPS 21-22A ($2,202,942) + ROPS 21-
22B ($571,196)
3
Expenditures for ROPS 21-22 Enforceable Obligations
(Actual 06/30/22)
0
248,703
4,092,737
F3 + G3 = total expenditures reported on PPA
4
Retention of Available Cash Balance (Actual 06/30/22)
RPTTF amount retained should only include the amounts
distributed as reserve for future period(s)
1,465
522,155
601,372
F4 = sum of remaining other funds applied by
DOF to future periods; G4 = sum of $547,514
and $53,858 applied by DOF to R22-23 and
R23-24, respectively
5
ROPS 21-22 RPTTF Prior Period Adjustment
RPTTF amount should tie to the Agency's ROPS 21-22 PPA
form submitted to the CAC
No entry required
58,798
6
Ending Actual Available Cash Balance (06/30/20)
CtoF=(1+2-3-4),G=(1+2-3-4.5)
$ 0
$ 0
$ 193,236
$ 64,966
$ 0
Page 340 of 441
Exhibit B
Successor Agency to the Community Development Commission
as the National City Redevelopment Agency
Administrative Budget: ROPS 24-25
Expenditures (Estimated Amounts per GC 34177(j)(1))
Personnel*
City Manager/Executive Director
Executive Assistant IV
Management Analyst Ill
City Attorney
Executive Assistant IV
City Clerk/Records Management Officer
Executive Secretary
Director, Housing
Real Property Agent
Administrative Services Director
Financial Services Officer
Budget Manager
Financial Analyst (part time)
Senior Accountant
Accountant
Accountant
Administrative Technician
Senior Accounting Assistant
Various as needed
Total Personnel
Maintenance & Operations
Annual
Salaries &
Six Month Cost
Six Month Cost
Benefits
%
Admin Budget
Admin Budget
FY24-25
Allocated
Annual Cost
ROPS 24-25A
ROPS 24-25B
332,837
120,832
136,367
291,883
114,481
150,309
98,913
210,042
132,216
254,611
189,321
176,108
65,204
129,267
115,613
97,415
101,802
90,176
N/A
Professional Services**
Internal Service Charges
Miscellaneous Expenditures (supplies, equipment use, etc)
Total M&O
4% 13,313
3% 3,625
10% 13,637
4% 11,675
3% 3,434
3% 4,509
3% 2,967
5% 10,502
10% 13,222
2% 5,092
2% 3,786
2% 3,522
30% 19,561
3% 3,878
2% 2,312
2% 1,948
2% 2,036
2% 1,804
N/A 36,175
6,657
1,812
6,818
5,838
1,717
2,255
1,484
5,251
6,611
2,546
1,893
1,761
9,781
1,939
1,156
974
1,018
902
18,088
6,657
1,812
6,818
5,838
1,717
2,255
1,484
5,251
6,611
2,546
1,893
1,761
9,781
1,939
1,156
974
1,018
902
18,088
157,000
14,400
16,100
2,500
78,500 78,500
7,200
8,050
1,250
7,200
8,050
1,250
33,000
Total Expenditures 190,000
Funding Sources
RPTTF - Administrative Allowance 190,000
Total Funding Sources 190,000
16,500 16,500
95,000 95,000
95,000 95,000
95,000 95,000
* Personnel responsibilities include, but are not limited to, providing executive direction and legal guidance for the operations of
the SA, scheduling and maintaining records of the meetings of the Successor Agency, preparing agenda materials for the SA
Board, managing litigation, developing the ROPS for each annual period, projecting and managing the cash flow of the SA,
managing contracts with service providers, executing the Long Range Property Management Plan, managing the payments to
vendors, accounting for all transactions of the SA in the general ledger, and preparing annual financial statements. Not
represented on this schedule, but playing an important policy role in the administration of the Successor Agency, are the City's
Mayor and Council Members who serve as the Board for the Successor Agency. All personnel costs are estimates and exclude
overhead costs.
** Professional Services include a share of the costs for the City's annual audit and a splitting of costs between the City and the
Successor Agency for a consultant that provides assessed value and property tax analytics for all parcels within National City.
Page 341 of 441