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HomeMy WebLinkAboutRes 594 Amendment to Enforceable Obligation Payment Schedule (EOPS)PALM DESERT REDEVELOPMENT AGENCY STAFF REPORT REQUEST: ADOPT RESOLUTION 594 AMENDING THE ENFORCEABLE OBLIGATION PAYMENT SCHEDULE FOR THE PERIOD JANUARY 1, 2012 THROUGH JUNE 30, 2012 SUBMITTED BY: Janet M. Moore, Director of Housing DATE: January 12, 2012 CONTENTS: Resolution No. 594 Enforceable Obligation Payment Schedule (EOPS) Recommendation By Minute Motion: waive further reading and adopt Resolution No. 594 , amending the Enforceable Obligation Payment Schedule (EOPS) for the period January 1, 2012 through June 30, 2012. Executive Summary As a result of the recent California Supreme Court decision regarding AB 26 and AB 27, redevelopment agencies are dissolved as of February 1, 2012. Until successor entities are authorized, redevelopment agencies must continue to make obligated payments. Except for payments on bonded indebtedness, redevelopment agencies may not make any payments unless they are listed on the Enforceable Obligation Payment Schedule ("EOPS". With Resolution 588, the Agency adopted the original EOPS which included payments to be made through December 31, 2011, however, since the Supreme Court decision delayed the dissolution of agencies, the amended schedule is necessary to continue to make obligated payments from January 1, 2012 until a permanent Recognized Obligation Payment Schedule (ROPS) is approved by the successor entity, the oversight board, the County and the State. Background AB 26 and AB 27, which were signed by the Govemor of Califomia on June, 29, 2011, added Parts 1.8 and 1.85 to the Community Redevelopment Law. In the case of California Redevelopment Association, et al. v. Matosantos, et al. (Case No. S194861), the litigation challenging AB X1 26 ("AB 26) and AB X1 27 ("AB 27"). the Supreme Court largely upheld AB 26, invalidated AB 27, and held that AB 26 may be severed from AB 27 and enforced independently. The Supreme Court generally revised the effective dates and deadlines for performance of obligations in Part 1.85 (the dissolution provisions) arising before May 1, 2012 to take effect four months later. As a Staff Report Adopt Resolution 594 Amending the EOPS January 26, 2012 Page 2of2 result of the Supreme Court's decision, on February 1, 2012, all redevelopment agencies are dissolved and successor agencies are designated as successor entities to the former redevelopment agencies. Pursuant to Health and Safety Code Section 34169(a), until successor agencies are authorized, redevelopment agencies must continue to make all scheduled payments for enforceable obligations as defined in Health and Safety Code Section 34167(a). Pursuant to Health and Safety Code Section 34167(h), redevelopment agencies shall not make a payment unless it is listed in an adopted enforceable obligation payment schedule ("EOPS"), other than payments required to meet obligations with respect to bonded indebtedness. The Agency previously adopted an EOPS. In accordance with Health and Safety Code Section 34169(g), the original EOPS only lists payments obligated to be made, by month, through December 2011. Since the Agency will not be dissolved until February 1, 2012, staff recommends that the Agency adopt the attached Resolution to amend the EOPS to include payments coming due after December 2011. Subsequently, the City, as successor agency, will consider adoption of the Agency's EOPS as the successor agency's EOPS (with any appropriate modifications), and the successor agency will pay enforceable obligations pursuant to the EOPS until such time as a recognized obligation schedule becomes operative. Fiscal Analysis Amendment of the EOPS will authorize the Agency to pay its enforceable obligations after December 31, 2011 and prior to dissolution of the Agency on February 1, 2012. Submitted by: Approval: M. Moore, Director of Housing JMM:pl Paul S. Gibson, Director of Finance A/ din M. Wohlmuth, Executive Director McCarth` , A edevelopment [%)/9O BY RDA `C * Adopted ` 41:N6 rr Y i; alit Ctbe Enforceable Obligation Payment Schedule provided at today's meeting and subject to the City Manager making any minor adjustments that may be necessary prior to February 1. (i RDA PAl'IY 1 FON 1'AM STAFF RFPORF FOPS AMI \I)FD I-2()-12 1M lXX' RESOLUTION NO. 594 A RESOLUTION OF THE PALM DESERT REDEVELOPMENT AGENCY APPROVING AMENDMENTS TO THE ENFORCEABLE OBLIGATION PAYMENT SCHEDULE AND CERTAIN RELATED ACTIONS RECITALS: A. The Palm Desert Redevelopment Agency (the "Agency") is a redevelopment agency in the City of Palm Desert (the "City"), created pursuant to the Community Redevelopment Law (Part 1 (commencing with Section 33000) of Division 24 of the California Health and Safety Code) (the "Redevelopment Law"). B. The City Council of the City (the "City Council") adopted (i) Ordinance No. 80, approving and adopting the redevelopment plan for Project Area No. 1, and from time to time, the City Council has amended such redevelopment plan, (ii) Ordinance No. 509, approving and adopting the redevelopment plan for Project Area No. 2, and from time to time, the City Council has amended such redevelopment plan, (iii) Ordinance No. 652, approving and adopting the redevelopment plan for Project Area No. 3, and from time to time, the City Council has amended such redevelopment plan, and (iv) Ordinance No. 724, approving and adopting the redevelopment plan for Project Area No. 4, and from time to time, the City Council has amended such redevelopment plan. C. AB X1 26 and AB X1 27 were signed by the Governor of California on June 29, 2011, making certain changes to the Redevelopment Law, including adding Part 1.8 (commencing with Section 34161) ("Part 1.8") and Part 1.85 (commencing with Section 34170) ("Part 1.85") to Division 24 of the Califomia Health and Safety Code. D. The California Redevelopment Association and League of California Cities filed a lawsuit in the Supreme Court of Califomia (California Redevelopment Association, et al. v. Matosantos, et al. (Case No. S194861)) alleging that AB X1 26 and AB X1 27 are unconstitutional. On August 11, 2011, the Supreme Court issued a stay order, which was subsequently modified on August 17, 2011. Pursuant to the modified stay order, the Supreme Court granted a partial stay of AB X1 26 and AB X1 27. E. On December 29, 2011, the Supreme Court issued its opinion in the Matosantos case largely upholding AB X1 26, invalidating AB X1 27, and holding that AB X1 26 may be severed from AB X1 27 and enforced independently. F. The Supreme Court generally revised the effective dates and deadlines for performance of obligations in Part 1.85 arising before May 1, 2012 to take effect four months later. The Supreme Court did not revise the effective dates or deadline for performance of obligations in Part 1.8. G. As a result of the Supreme Court's decision, on February 1, 2012, all redevelopment agencies are dissolved and successor agencies are designated as successor entities to the former redevelopment agencies. Pursuant to Health and Safety Code Section 34169, until successor agencies are authorized, redevelopment 81000-0163\1418070v 1 .doc G: adaTatty Leon`JMM'staff report •.RESOLU 17ONSTOPS Resolution.doc RESOLUTION NO. 594 agencies must continue to make all scheduled payments for enforceable obligations as defined in Health and Safety Code Section 34167(a). Pursuant to Health and Safety Code Section 34167, redevelopment agencies shall not make a payment unless it is listed in an adopted enforceable obligation payment schedule, other than payments required to meet obligations with respect to bonded indebtedness. H. The Agency adopted Resolution No. 588 on August 25, 2011, adopting an Enforceable Obligation Payment Schedule. The Enforceable Obligation Payment Schedule is attached hereto as Exhibit A and incorporated herein by reference (the "Original EOPS"). In accordance with Health and Safety Code Section 34169, the Original EOPS only lists payments obligated to be made, by month, through December 2011. Accordingly, the Agency desires to adopt this Resolution to amend the Original EOPS to include payments obligated to be made after December 31, 2011. I. The amendments to the Original EOPS are set forth on Exhibit B attached to this Resolution and incorporated herein by reference (the "Amendments"). NOW, THEREFORE, BE IT RESOLVED BY THE REDEVELOPMENT AGENCY OF THE CITY OF PALM DESERT, CALIFORNIA AS FOLLOWS: Section 1. The above recitals are true and correct and are a substantive part of this Resolution. Section 2. The Agency hereby adopts the Amendments. The Original EOPS, as amended by the Amendments, shall constitute the EOPS of the Agency. Section 3. The Agency Secretary is hereby authorized and directed to post this Resolution, including the Exhibits, on the City's Internet Web site. Section 4. Prior to dissolution, the Agency may amend the EOPS from time to time at any public meeting of the Agency. Any such further amendments shall be posted to the City's Internet Web site. Section 5. The Agency Secretary is hereby authorized and directed to transmit a copy of this Resolution, including the Exhibits, by mail or electronic means to the County Auditor -Controller, the State Controller, and the Califomia Department of Finance. A notification providing the Internet Web site location of the posted copy of this Resolution will suffice. Section 6. The officers and staff of the Agency are herby authorized and directed, jointly and severally, to do any and all things which they may deem necessary or advisable to effectuate this Resolution, including providing documents associated with the Amendments to the California Department of Finance and the State Controller, and any such actions previously taken by such officers and staff are hereby ratified and confirmed. -2- 8I000-0I63\I4I80 0 1 .doc G: ada`.Patty Leon JMMstsffrepmt`'RESOLUTIONS‘EOPS Resolution.doc RESOLUTION NO. 594 Section 7. The Agency hereby affirms the designation of the Assistant City Manager for Redevelopment, as the Agency official to whom the California Department of Finance may make requests for review in connection with the Amendments. Section 8. The adoption of this Resolution is not intended to and shall not constitute a wavier by the Agency of any rights the Agency may have to challenge the legality of all or any portion of AB X1 26 through administrative or judicial proceedings. Section 9. 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 Agency's environmental guidelines. The Agency has determined 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. (Guidelines Section 15378(b) (5)). PASSED, APPROVED AND ADOPTED this 26th day of January, 2012 by the following vote, to wit: AYES: NOES: ABSENT: ABSTAIN: ROBERT A. SPEIGEL, CHAIRMAN ATTEST: RACHELLE D. KLASEN, SECRETARY PALM DESERT REDEVELOPMENT AGENCY -3- 8I000-0I63\141S0 0V1.doc G.`rdaPattyLeon JMMtstafreport'RESOLUTIONS,EOPSResolution.doc RESOLUTION NO. 594 EXHIBIT A ORIGINAL EOPS (AS ADOPTED ON AUGUST 25, 2011) 3 ° n a 3 a v 0 pulateo agreemem 3 Project is pad from muI ale p IA 0 0 In N • am, 88 OL 6Z6 L 6 r S S SZ 90Z'099 £Z S "a a e.iuo).1e3 to Hue9 uolun Yldf enuolge0 >toS 6tau000N luawdopmapod 0 ssy weu.00la•apaa eiwopteo .abauti y Isag-Isag _ y JosteM spJeyoia .oeg o6md sINM Wq vsWtA said MUM!OOOOO N T T T T T T T T prn In u 0 m m m 0 m 0 m uate6IuO Wap / aweN rabid a ijUH n83O3oi Hi 03S,�,s3 w $ $kRr.$f r$rmEm am 3 ���d€ 3mw2,u22m2P tun =m d pa 3 X3 3 33 ` d 9 R R R m R R R 1 i 8i T c,1 v A a d d i R v °� a ° a 30 '.,U 331'51133 i T. o m Q o 0) `3 pp0 pp— P -+• pWI Oi O lVJ + P lN+ N (O OI ,� O A V �L J ▪ 8.l SO C0 O O O O P O 01 N N S S S 8 8 S S S S S S S m8888 1.0 N N + if N 4N1 + LO • 8 C3 0 o a • 8 8 0 S 8 8 8 8 2 S 8 8 S o • S 00 VO£ Pl V 00.00S'LL£ LZ 00'00S'£S6 £ 00'69t t0Z'S£ oN O >w go OU n J a Q. 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INO 13 NJ VIo < i m ;1; LP .n of g a: g cl U 11 U 4) gO T SO ttO 9S99 U A CO l .• fJ 1J _ J• N O J� COf0 P U A N (J f0 U N O IO 1[f .1 CO 43 10 P P O OI N W O J W -� N -• 0 0 b U O 8M P 00 U 8 O P 10 0, W 0 0 -• o w o 0 OD 10P 0 0 0 0 0 0 0 • N CO O O 0 0 0 0 0 0 0 0 0 0 0 U O O 0 0 U O 0 0 0 0 0 0 0 0 0 0 0 88S -ON NO11f 1OS321 m Z 0 0 m D �CO Wm N0 (/1 r cm 0 D J I W 0 OJ Z ,m `D A 3 MM t0 Z 0 m 0 C r m Ld3s3a wn�d V m qu 1 Obligation includes Pnnopal and I e•es• Outstanding to date 2 Amount reflected ,ncludes total estimated at this time actcaI total a.6e patelndgs uo paseo 6uiwi 4 to 5 to N td 0 e ei./ople3 Io >luea umuft Vldf ewopte3 oO p suen3 It aiQ O 3 m 3 4 Ia8auH 4 Isaa-Isag O D O D O- O D O D D D O D O V O b O` O d 3 t 3 � 3 O w q N m ' 3 N N m v —t2o oma b-on bam-a amss 3b-is^-m 'uli - omam .. m$ $' ro o mnro Nw, Nmhe`v"emm 8 § § ] D O 3 J S C 0 b nb b A. � 9 o s a o- p os 0 m 0 r m 0 ( ° m O o o " o n ,a to l LIU 88S 'ON NO11f11OS321 m z m TO 0 m 000 �m ro O c, 3 yr O A O z I, D a � g m z n m v c r m .L13S30 IJnt'd suo!e611Q0 ieq - sle2ol, S 166'S9£'94£'POL S S 100'OS4'9L6'L 0 3 -I 0 o I. 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