The URL can be used to link to this page

Home My WebLink AboutSA-CDC 2025-119 - Successor Agency Last and Final Recognized Payment Schedule (ROPS)RESOLUTION NO. 2025 — 119 RESOLUTION OF THE BOARD OF THE SUCCESSOR AGENCY TO THE COMMUNITY DEVELOPMENT COMMISSION AS THE NATIONAL CITY REDEVELOPMENT AGENCY APPROVING THE LAST AND FINAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS) FOR THE SEVEN ROPS PERIODS BEGINNING JULY 1, 2026 THROUGH JUNE 30, 2033 WITH OBLIGATIONS TOTALING $25,074,222, AND APPROVING THE SUBMITTAL OF THE LAST AND FINAL ROPS TO THE COUNTY OF SAN DIEGO COUNTYWIDE REDEVELOPMENT SUCCESSOR AGENCY OVERSIGHT BOARD. WHEREAS, the City Council established the Redevelopment Agency of the City of National City (the "Redevelopment Agency") by Ordinance No. 1164, dated April 11, 1967; and WHEREAS, 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, 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, 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(I) 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, Health and Safety Code section 34191.6(a) permits successor agencies that have received a finding of completion to file a Last and Final ROPS that covers all remaining periods if all of the following conditions are met: 1) the remaining debt is limited to administrative costs and payments pursuant to enforceable obligations with defined payment schedules including, but not limited to, debt service, loan agreements, and contracts; 2) all remaining obligations have been previously listed on the ROPS and approved for payment by Finance pursuant to HSC section 34177 (m) or (o); and 3) the agency is not a party to outstanding/unresolved litigation, except as specified in HSC section 34191.6 (a) (3). WHEREAS, the National City Successor Agency meets all of those conditions and wishes to file a Last and Final ROPS covering the seven ROPS periods beginning with ROPS 26-27 and ending with ROPS 32-33; WHEREAS, the Executive Director has prepared a Last and Final Recognized Obligation Payment Schedule, attached as Exhibit A, for the seven ROPS periods from ROPS 26-27 through ROPS 32-33 with obligations totaling $25,074,220; and WHEREAS, the $25,074,220 includes $24,607,550 for the remaining debt service payments on the Successor Agency's 2017 Refunding Bonds (Series A and Series B), and $466,670 for administrative costs; and WHEREAS, said administrative costs are detailed by year in Exhibit B; and WHEREAS, the Last and Final ROPS, including the administrative costs detail, shall hereafter be submitted for review and approval to the County of San Diego Countywide Redevelopment Successor Agency Oversight Board (Oversight Board) as required by Health and Safety Code section 34191.6 (b); and WHEREAS, upon approval by the Oversight Board, the Last and Final ROPS will be submitted to the California Department of Finance for final authorization as well as to the County's Chief Administrative Officer and Auditor and Controller as required by Health and Safety Code section 34191.6 (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 15378(b)(5) 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 AGENCY DOES RESOLVE, DECLARE, DETERMINE, AND ORDER AS FOLLOWS: Section 1: 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 Last and Final ROPS, which is attached hereto as Exhibit "A", is approved. Section 3: The Successor Agency's Last and Final ROPS 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 Last and Final ROPS 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 with or to conform to the direction, guidance, and/or requirements related to Last and Final ROPS by the Oversight Board, State 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 15378(b)(5) of the Guidelines. Section 5: That the City Clerk shall certify to the passage and adoption of this Resolution and enter it into the book of original Resolutions. PASSED and ADOPTED this 215'day of October 2 5. RY Morrison, Chair ATTEST: le-� Shell hapel, MMC, City Clerk as Secr ry to the Successor Agency APPROVED AS TO FORM: -9�� J( - Barry J. 6ctz, City Attorney Successor Agency Counsel Passed and adopted by the Board of the Successor Agency to the Community Development Commission as the National City Redevelopment Agency on October 21, 2025, by the following vote, to -wit: Ayes: Molina, Rodriguez, Yamane, Bush, Morrison Nays: None. Absent: None. Abstain: None. AUTHENTICATED BY: RON MORRISON Chair of the Board of the Successor Agency, City of National City, California SHELLEY CHAPEL Roraviv&i Secretary of the Board of the Successor Agency, City of National City, California BY: Shelley Cha I, MMC, City Clerk