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HomeMy WebLinkAboutSA Draft Agenda Packet 12-07-2021AGENDA OF A REGULAR MEETING - SUCCESSOR AGENCY TO THE COMMUNITY DEVELOPMENT COMMISSION AS THE NATIONAL CITY REDEVELOPMENT AGENCY ONLINE ONLY MEETING 9-. CALIFORNIA - https://www.nationalcityea.gov/webcast MRIONAL CI,ry LIVE WEBCAST � 1�37 ( COUNCIL CHAMBERS + OR'PORATI; CIVIC CENTER 1243 NATIONAL CITY BOULEVARD NATIONAL CITY, CALIFORNIA TUESDAY, DECEMBER 7, 2021 - 6:00 PM ALEJANDRASOTELO-SOLIS NOTICE: The health and well-being of National City residents, visitors, Chairwoman and employees during the COVID-19 outbreak remains our top priority. JOSERODRIGUEZ The City of National City is coordinating with the County of San Diego Boardmember Health And Human Services Agency, and other agencies to take measures to monitor and reduce the spread of the novel coronavirus MARCUS BUSH (COVID-19). The World Health Organization has declared the Boardmember outbreak a global pandemic and local and state emergencies have been declared providing reprieve from certain public meeting RONMORRISON laws such as the Brown Act. Boardmember As a result, the Successor Agency Meeting will occur only online to MONARIOS ensure the safety of City residents, employees and the communities Boardmember we serve. A live webcast of the meeting may be viewed on the city's website at www.nationalcityca.gov/webcast. For Public Comments see "Public Comments" section below. ORDER OF BUSINESS: Public sessions of all Regular Meetings of the Successor Agency to the Community Development Commission as the National City Redevelopment Agency (hereafter referred to as Elected Body) begin at 6:00 p.m. Public Hearings begin at 6:00 p.m. unless otherwise noted. Closed Meetings begin in Open Session at 5:00 p.m., or such other time as noted, and after announcing closed session items, convenes into a Closed Meeting. If a workshop is scheduled, the subject and time of the workshop will appear on the agenda. The Mayor and Council members also sit as the Chairperson and Members 1243 National City Blvd of the Board of the Community Development Commission (CDC). National City, CA 91950 619-3364240 REPORTS: All open session agenda items and reports as well as all documents and writings distributed to the Elected Body less than 72 hours prior to the meeting, are available for review on the City's website at www.nationalcityca.gov/webcast. Regular Meetings of the Meeting agendas and Elected Body are webcast and archived on the City's website at minutes available on web www.nationalcityca.gov/webcast. WWW.NATIONALCITYCA.GOV PUBLIC COMMENTS: The Successor Agency will receive public comments via e-mail at clerk(a)nationalcityca.gov regarding any matters within the jurisdiction of the Successor Agency. Written comments or testimony from the public (limited to three minutes) must be submitted via email by 4:00 p.m. on the day off the public will be made a part of the record of the meeting. The time limit established for public testimony is three minutes per speaker. The Mayor or Chairperson may limit the length of comments due to the number of persons wishing to speak or if comments become Successor Agency Agenda 12/7/2021 — Page 2 repetitious or unrelated WRITTEN AGENDA: With limited exceptions, the Elected Body may take action only upon items appearing on the written agenda. Items not appearing on the agenda must be brought back on a subsequent agenda unless they are of a demonstrated emergency or urgent nature, and the need to take action on such items arose after the agenda was posted. CONSENT AGENDA: Consent calendar items involve matters which are of a routine or noncontroversial nature. All consent items are adopted by approval of a single motion by the City Council. Prior to such approval, any item may be removed from the consent portion of the agenda and separately considered, upon request of a Councilmember, a staff member, or a member of the public. Upon request, this agenda can be made available in appropriate alternative formats to persons with a disability in compliance with the Americans with Disabilities Act. Please contact the City Clerk's Office at (619) 336-4228 to request a disability -related modification or accommodation. Notification 24-hours prior to the meeting will enable the City to make reasonable arrangements to ensure accessibility to this meeting. Successor Agency Agenda 12/7/2021 — Page 3 OPEN TO THE PUBLIC CALL TO ORDER ROLL CALL PUBLIC COMMENTS (THREE -MINUTE TIME LIMIT) :KoL 1.14 .11 IEN_14 4 . I U_1 N 111-14Da: I=Fn1: Iki10.i NON CONSENT RESOLUTIONS Resolution of the Board of the Successor Agency to the Community Development Commission as the National City Redevelopment Agency Approving the Recognized Obligation Payment Schedule (ROPS) for the Period July 1, 2022 through June 30, 2023 (ROPS 22-23) with Expenditures Totaling $4,431,809, Approving the Associated Administrative Budget of $230,000, and Authorizing the submittal of both to the County of San Diego Countywide Redevelopment Successor Agency Oversight Board. NEW BUSINESS STAFF REPORTS MEMBER REPORTS CLOSED SESSION REPORT ADJOURNMENT Regular City Council/Community Development/Housing Authority of the City of National City Meeting - 3of13 Successor Agency Agenda 12/7/2021 — Page 4 The following page(s) contain the backup material for Agenda Item: Resolution of the Board of the Successor Agency to the Community Development Commission as the National City Redevelopment Agency Approving the Recognized Obligation Payment Schedule (ROPS) for the Period July 1, 2022 through June 30, 2023 (ROPS 22-23) with Expenditures Totaling $4,431,809, Approving the Associated Administrative Budget of $230,000, and Authorizing the submittal of both to the County of San Diego Countywide Redevelopment Successor Agency Oversight Board. Please scroll down to view the backup material. THE SUCCESSOR AGENCY TO THE COMMUNITY DEVELOPMENT COMMISSION AS THE NATIONAL CITY REDEVELOPMENT AGENCY AGENDA STATEMENT MEETING DATE: December 07. 2021 AGENDA ITEM NO. ITEM TITLE: Resolution of the Board of the Successor Agency to the Community Development Commission as the National City Redevelopment Agency Approving the Recognized Obligation Payment Schedule (ROPS) for the Period July 1, 2022 through June 30, 2023 (ROPS 22-23) with Expenditures Totaling $4,431,809, Approving the Associated Administrative Budget of $230,000, and Authorizing the submittal of both to the County of San Diego Countywide Redevelopment Successor Agency Oversight Board. PREPARED BY: Janel Pehau, Finance Analyst PHONE: 619-336-4330 EXPLANATION: DEPARTMENT: Successor Agency APPROVED BY: /I/L Y P!'= The proposed Recognized Obligation Payment Schedule (ROPS) for the period July 1, 2022 through June 30, 2023 (ROPS 22-23) totals $4.4 million and includes an administrative allowance of $230,000, which costs are itemized in the associated Administrative Budget. Upon approval of this ROPS and the Administrative Budget, staff will submit them to the County of San Diego Countywide Redevelopment Successor Agency Oversight Board for its January 20, 2022 meeting. ROPS 22-23 is due to the State Department of Finance by February 1, 2022. Please see the attached staff report for further details regarding the ROPS. COUNT NO. APPROVED: Finance APPROVED: MIS If approved by the County Oversight Board and California Department of Finance, the revenue and expenditures listed in the ROPS 22-23 will be reflected in the FY22-23 budget. Pursuant to Title 15 of the California Code of Regulations, Section 15378(b)(4), this item is not subject to the California Environmental Quality Act review because the recommended approvals are not considered a project and are governmental funding mechanisms and fiscal activities that do not involve any commitment to any specific project that may result in a potentially significant environmental impact. ORDINANCE: INTRODUCTION: I I FINAL ADOPTION: Adopt the resolution and direct staff to take all necessary steps to submit the ROPS 22-23 and Administrative Budget to the Countywide Oversight Board and subsequently to the State of California. NA 1. Staff Report 2. Resolution with Exhibit "A° (ROPS 22-23) and Exhibit °B° (ROPS 22-23 Administrative Budget) 5of13 Recognized Obligation Payment Schedule (ROPS 22-23) Summary for the July 1, 2022 through June 30, 2023 Period Successor Agency: National City County: San Diego Currrent Period Requested Funding for Enforceable 22-23A Total(July- 22-23B Total ROPS 22-23 Total Obligations (ROPS Detail) December) (January -June) 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) F RPTTF G Administrative RPTTF H Current Period Enforceaable Obligations (A+E) 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/ $ 3,910,416 $ 521,394 $ 4,431,809 3,795,416 115,000 406,394 115,000 4,201,809 230,000 $ 3,910,416 $ 521,394 $ 4,431,809 Name Title Signature Date 6of13 i:100:u 3rra National City Successor Agency Recognized Obligation Payment Schedule (ROPS) 22-23 Excel Format Funding Sources ROPS 22.23A (Jul - Dec) Funding Sources ROPS 22-23B (Jan - Jun) Redevelopment a eve opmen Total Outstanding Property Tax Property Tax Debt or ROPS 22-23 Bond Reserve Other Trust Fund Admin ROPS 22-23A Bond Reserve Other Trust Fund Admin ROPS 22-23B Item # Project Name/Debt Obligation Obligation Type Payee Obligation Retired Total Proceeds Balance Funds (RPTTF) RPTTF Total Proceeds Balance Funds (RPTTF) RPTTF Total Totals 41,264,094 4,431,809 3,795,416 115,000 3,910,416 406,394 115,000 521,394 12 WI-TOD (DDA/Co-Op/Bond OPA/DDA/Construction City of National - Y - - - Docs/Other Grants) City/EnSafe 13 WI-TOD (DDA/Co-Op/Bond Docs/Other OPA/DDA/Construction City of National Y - - Grants) City/DTSC 87 Personnel and Admin Costs Admin Costs City of National City 250,000 N 230,000 - 115,000 115,000 115,000 115,000 110 Environmental Monitoring for CDC OPA/DDA/Construction County of San Diego Y - - Properties 111 Environmental Monitoring for CDC Remediation GeoSyntec - Y Properties Consultants 128 Contract for Financial Analysis Fees NHA Advisors 4,500 N 4,000 - 4,000 4,000 144 Contract for Legal Services Legal Kane, Ballmer, & Y - Berkman 146 Contract for Legal Services Legal Dipper & Varco, LLP/ Y - Richard Opper 147 Contract for Legal Services Legal Christensen & Spath, Y - LLP 162 Bonds Fees Bank of New York 44,000 N 4,000 4,000 4,000 167 Contract for Legal Services Legal Meyers Nave Y Hoffman Riback Silver & Wilson 176 Unforseen SA remediation cost OPA/DDA/Construction Paradise Creek Y - obligation - estimated additional costs Housing Partners Phase II WI-TOD 179 Joint Defense and Cost Sharing Litigation City of National 10,000 N 10,000 - 10,000 10,000 Agreement with respect to the City/City of Lemon Affordable Housing Coalition of San Grove/Colantuono, Diego County v. Sandoval at al case Highsmith & Whatley, PC 180 2017 Tax Allocation Refunding Bond - Refunding Bonds Issued Bank of New York 34,078,000 N 2,996,000 - 2,996,000 2,996,000 Series A Principal Payment After 6/27/12 Mellon Trust Company, N. A. 181 2017 Tax Allocation Refunding Bond - Refunding Bonds Issued Bank of New York 4,714,890 N 811,242 424,271 424,271 386,971 386,971 Series A Interest Payment After 6/27/12 Mellon Trust Company, N. A. 182 2017 Tax Allocation Refunding Bond - Refunding Bonds Issued Bank of New York 1,858,000 N 212,000 - 212,000 212,000 Series B Principal Payment After 6/27/12 Mellon Trust Company, N. A. 183 2017 Tax Allocation Refunding Bonds - Refunding Bonds Issued Bank of New York 180,824 N 41,347 21,924 21,924 19,423 19,423 Series B Interest Payment After 6/27/12 Mellon Trust Company, N. A. 184 Bonds Fees US Bank - Y - - 185 Bonds Fees US Bank Y - - 186 CDTFA Hazardous Waste Generator Fees City of National City 123,880 N 123,220 123,220 123,220 Fee 7of13 W:/:Il:i111r_1 National City Recognized Obligation Schedule (BOPS 22-23) - Notes July 1, 2022 through June 30, 2022 Item # Notes/Comments 179 This case continues to be in litigation and there is no certainty regarding when it will reach a final conclusion. $10,000 is requested in this ROPS for the Agency's potential share of costs should the case continue into the ROPS 22-23 period. 186 On May 11, 2021 CDTFA notified the City that a hazardous waste generator fee was due for the period of January 1, 2019 through December 31, 2019 for hazardous waste generated at the Paradise Creek Park site undergoing environmental remediation pursuant to ROPS Item #176. The letter from CDTFA indicated that the City owed a fee of $95,660 plus interest of $6,217.88 and a penalty of $9,566.00 for a total of $111,443.88. None of the parties involved in the remediation work were aware of the requirement to pay this fee and the Successor Agency had no authority to pay this fee under ROPS 20-21 or ROPS 21-22. The City has been in discussions with CDTFA and has paid the fee portion of the billing on behalf of the Successor Agency, but it appears unlikely that CDTFA will waive any of the remaining liability. This item would reimburse the City for this unanticipated cost. MA:jrarra Report of Cash Balances Pursuant to Health and Safety Code section 34177 (1), 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 A B C D E F G H Fund Sources Bond Proceeds Reserve Balance Other Funds RPTTF Prior ROPS RPTTF and Reserve Rent, Non-Admin ROPS 19-20 Cash Balances Bonds issued on or Bonds issued on or Balances retained Grants, and (07101/19 - 06/30120) before 12/31/10 after 01/01/11 for future period(s) Interest, etc. Admin Comments 1 Beginning Available Cash Balance (Actual 07/01/19) E1 = total SA beginning cash less OF cash RPTTF amount should exclude "A" period distribution amount ($631,091) from 18-19 PPA, less ROPS 19A-20 RPTTF distribution, and less PPA of $227,726 8,382 7,142,239 631,091 227,726 applied to R19-20 2 Revenue/income (Actual 06130/20) RPTTF amount should tie to the ROPS 19-20 total distribution from the G2 = ROPS 19-20A ($4,361,655) + ROPS 19- Count Auditor -Controller 13 215,238 4,972,019 20B ($610,364) 3 Expenditures for ROPS 19-20 Enforceable Obligations (Actual 06/30120) 6,930 1 2,255,407 0 4,652,231 4 Retention of Available Cash Balance (Actual 06130120) E4 = amount of RB applied to ROPS 20-21 and RPTTF amount retained should only include the amounts distributed as 21-22 by DOF and SA; F4 = sum of $158,652 reserve for future period(s) and $248,703 applied by DOF to R20-21 and 4,877,553 407,355 R21-22, respectively 5 ROPS 19-20 RPTTF Prior Period Adjustment RPTTF amount should tie to the Agency's ROPS 19-20 PPA form No entry required submitted to the CAC 547,514 6 Ending Actual Available Cash Balance (06130/20) C to F= 1+2-3-4 G= 1+2-3-4-5 $ 0 $ 1,465 $ 9,279 $ 438,974 $ 0 Exhibit B Successor Agency to the Community Development Commission as the National City Redevelopment Agency Administrative Budget: ROPS 22-23A and 22-23B Expenditures (Estimated Amounts per GC 34177(j)(1)) Personnel* City Manager/Executive Director Executive Secretary Executive Assistant City Attorney Executive Assistant City Clerk/Records Management Officer Executive Secretary Community Development Manager Real Property Agent Administrative Services Director Financial Services Officer Budget Manager Financial Analyst (part time) Senior Accountant Accountant Accountant Buyer Budget Technician Accounting Assistant Various as needed Total Personnel Maintenance & Operations Six Month Cost Six Month Cost F Admin Budget Admin Budget % Allocated Annual Cost ROPS 22-23A ROPS 22-23B 326,190 93,270 113,920 286,120 107,020 139,220 89,370 142,760 119,710 225,120 159,910 155,240 58,000 116,800 103,590 103,590 88,260 90,380 76,980 Professional Services Internal Service Charges Miscellaneous Expenditures (supplies, equipment use, etc) Total M&O Total Expenditures Funding Sources RPTTF - Administrative Allowance Total Funding Sources 5% 16,309.50 8,155 8,155 5% 4,663.50 2,332 2,332 5% 5,696.00 2,848 2,848 5% 14,306.00 7,153 7,153 3% 3,210.60 1,605 1,605 8% 11,137.60 5,569 5,569 8% 7,149.60 3,575 3,575 5% 7,138.00 3,569 3,569 10% 11,971.00 5,986 5,986 3% 6,753.60 3,377 3,377 3% 4,797.30 2,399 2,399 4% 6,209.60 3,105 3,105 65% 37,700.00 18,850 18,850 5% 5,840.00 2,920 2,920 2% 2,071.80 1,036 1,036 4% 4,143.60 2,072 2,072 1% 882.60 441 441 3% 2,711.40 1,356 1,356 4% 2,980.00 1,490 1,490 N/A 31,928.00 15,964 15,964 187,600 93,800 93,800 14,400 7,200 7,200 23,000 11,500 11,500 5,000 2,500 2,500 42,400 21,200 21,200 230,000 115,000 115,000 230,000 115,000 115,000 230,000 115,000 115,000 * 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. CALIFORNIA �+ N)LICIONALL Ciryly � INCpRPORATED CITY OF NATIONAL CITY SUCCESSOR AGENCY STAFF REPORT December 7, 2021 Item: Resolution of the Board of the Successor Agency to the Community Development Commission as the National City Redevelopment Agency Approving the Recognized Obligation Payment Schedule (ROPS) for the Period July 1, 2022 through June 30, 2023 (ROPS 22-23) with Expenditures Totaling $4,431,809, Approving the Associated Administrative Budget of $230,000, and Authorizing the Submittal of Both to the County of San Diego Countywide Redevelopment Successor Agency Oversight Board Background: Effective February 1, 2012, all redevelopment agencies in California were dissolved and "successor agencies" were established to wind down the affairs of the former redevelopment agencies under the direction of oversight boards. Health and Safety Code Section 34177 requires successor agencies to perform a number of functions, one of which is to prepare a Recognized Obligation Payment Schedule (ROPS) before each fiscal period that details amounts required to be spent and the source of funds for those expenditures. Each successor agency must submit the ROPS to its oversight board for approval, after which it is forwarded for review and approval to the State Department of Finance, with copies to the County Auditor and Controller and State Controller's Office. The San Diego County Oversight Board will consider the Agency's ROPS at its January 20, 2022 meeting. ROPS 22-23 is due to the State Department of Finance by February 1, 2022. In addition, successor agencies are required to prepare and submit to the oversight board an administrative budget that details the estimated administrative costs for each upcoming ROPS period. Even though the ROPS covers an entire fiscal year, the standardized form distributed by the State Department of Finance (DOF) requires that obligation payment amounts be assigned to either the "A" portion of the fiscal year (July through December) or the "B" portion of the year (January through June). The assignment of expenses to one half or the other of the fiscal year is designed not to restrict when authorized amounts may be spent during the fiscal year, but to facilitate the distribution of redevelopment property tax trust fund (RPTTF) monies, the primary source of funding for the ROPS. RPTTF monies are distributed on June 1 and January 2 by the County Auditor and Controller; the June 1 distribution applies to expenditures expected to occur during the "A" portion of the upcoming ROPS cycle, while the January 2 distribution provides cash for the second half ("B" portion) of the fiscal year. Should changes to the ROPS be necessary, each successor agency is allowed to amend the approved ROPS one time per ROPS period. The amendment must be submitted to DOF by National City Successor Agency December 7, 2021 Staff Report: ROPS 22-23 October 1, and successor agencies may amend only the amounts requested for payment of approved enforceable obligations that fall within the "B" portion of the year; no new obligations can be created through the amendment process. Discussion: The proposed Recognized Obligation Payment Schedule for the July 1, 2022 through June 30, 2023 (ROPS 22-23) period for the National City Successor Agency, attached as Exhibit A to the resolution, totals $4.4 million. Of that amount, $3.9 million is allocated to the first half of the fiscal year and $0.5 million to the second half of the fiscal year. (Note: The ROPS schedules attached to the resolution are in the form of the anticipated schedules to be issued by the State Department of Finance. These schedules must be completed on DOF's website. Once they are available, staff will enter the amounts shown in Exhibit A.) Enforceable obligations for the ROPS 22-23 period may be grouped into the following categories: Debt service: In September 2017 all of the Successor Agency's outstanding tax allocation bonds (Series 1999, 2005B and 2011) were refunded to reduce future debt service costs on the bonds. For the ROPS 22-23 period, debt service payments on the 2017 refunding bonds will total $4.06 million (Items 180 — 183). Overall, the refunding bonds will result in an annual average debt service savings of $1.0 million through final maturity in August 2032. Annual Trustee and financial reporting fees related to the bonds are expected to total $8,000 (Items 128 and 162). Administrative Cost Allowance and Administrative Budget: The administrative cost allowance is governed by Health and Safety Code (HSC) section 34171 (b) and is calculated based on what is termed "the adjusted Redevelopment Property Tax Trust Fund (RPTTF) distribution" from the prior year. The adjusted RPTTF distribution equals the RPTTF revenue distributed for the prior ROPS year less the prior year's authorized administrative cost allowance (ACA) and less any city loan repayments. This adjusted RPTTF amount is then multiplied by 3%. The 2021-22 adjusted RPTTF for the National City Successor Agency is $2,524,128. When multiplied by 3%, it would result in an ACA for ROPS 22-23 of $75,725. This calculated amount is less, however, than the minimum provided for in redevelopment dissolution law. The minimum ACA is $250,000 annually, but may not exceed 50% of the adjusted RPTTF distribution. Based on the foregoing information and the estimated administrative costs, ROPS 22-23 requests $230,000 for the ACA. The Administrative Budget, attached as Exhibit B to the resolution, details the estimated administrative expenditures for the ROPS 22-23 period. Legal Services: The Successor Agency has only one litigation matter remaining: the Affordable Housing Coalition v. Sandoval, et al case. In July, 2013, the Affordable Housing Coalition of San Diego County filed a lawsuit in the Sacramento County Superior Court against the City of National City in its capacity as the Successor Agency to the Community Development Commission of National City, as well as other cities/successor agencies in San Diego County, claiming that 1) the statutes under the former Redevelopment Law imposing affordable housing obligations upon redevelopment agencies created enforceable obligations under the redevelopment dissolution statutes, and 2) if enforceable obligations were not created, the dissolution statutes unconstitutionally impaired the obligations of contracts. In September, 2016, the Court ruled against the petitioner and in favor of the respondent cities/successor agencies. Judgment based upon this ruling was entered in November, 2016, but the ruling was appealed and is still in the appeal process. National City Successor Agency December 7, 2021 Staff Report: ROPS 22-23 The cost of the litigation was originally being shared by eight agencies, but after a change during this past year in the arrangement for outside counsel for this matter, the costs are now being shared by ten agencies. ROPS 22-23 requests $10,000 for this item because it is uncertain when the case will reach a conclusion. Other Costs: Earlier in 2021 the California Department of Tax and Fee Administration (CDTFA) notified the City that a hazardous waste generator fee was due for the period of January 1, 2019 through December 31, 2019 for hazardous waste generated at the Paradise Creek Park site undergoing environmental remediation pursuant to ROPS Item #176. The letter from CDTFA indicated that the City owed a fee of $95,660 plus interest and penalties of $28,220.00 for a total of $123,220. None of the parties involved in the remediation work were aware of the requirement to pay this fee and the Successor Agency had no authority to pay this fee under ROPS 20-21 or ROPS 21-22. The City has been in discussions with CDTFA and has paid the fee portion of the billing on behalf of the Successor Agency, but it appears unlikely that CDTFA will waive any of the remaining liability. This item would reimburse the City for this unanticipated cost. Recommendation: Adopt the resolution and authorize staff to take all necessary actions to submit the ROPS 22-23 and associated Administrative Budget to the County of San Diego Countywide Redevelopment Successor Agency Oversight Board for approval and subsequently to the State and the County as required by redevelopment agency dissolution law. Fiscal Impact Statement: The expenditures for the items listed on ROPS 22-23 total $4.4 million, all of which is proposed to be funded from RPTTF. The amount of new RPTTF projected to be available to the Successor Agency for ROPS 22-23 is $20.4 million. If RPTTF funding projections are correct and if all of the items on the ROPS proposed to be funded by RPTTF are approved, approximately $16.0 million would be available for distribution to the affected taxing entities as residual balance, of which the City of National City's share would be approximately $2.9 million.