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HomeMy WebLinkAbout07B SA-RDA 004 - Draft Initial ROPSSUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY STAFF REPORT REQUEST: ADOPT RESOLUTION NO. SA -RDA 004 APPROVING A DRAFT INITIAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177 FOR THE PERIOD JANUARY 1, 2012 THROUGH JUNE 30, 2012 AND A DRAFT FOR THE PERIOD OF JULY 1, 2012 THROUGH DECEMBER 31, 2012 SUBMITTED BY: Janet M. Moore, Director of Housing DATE: February 23, 2012 CONTENTS: Resolution No. SA -RDA 004 Draft Initial Recognized Obligation Payment Schedule (ROPS) Recommendation By Minute Motion: waive further reading and adopt Resolution No. SA - RDA 004 , adopting a draft Initial Recognized Obligation Payment Schedule (ROPS) for the period January 1, 2012 through June 30, 2012. Executive Summary Pursuant to Health and Safety Code Section 34177, in order to make payments on enforceable obligations, successor agencies are required to adopt a draft initial Recognized Obligation Payment Schedule by March 1, 2012. The schedule must also be approved by the oversight board, certified by the County Auditor as to its accuracy, and finally, submitted to the State Controller as well as the State Department of Finance. Background Health and Safety Code Section 34177(1), as modified by the California Supreme Court, provides that by March 1, 2012, the Successor Agency must prepare a draft initial Recognized Obligation Payment Schedule for the enforceable obligations of the former Redevelopment Agency, in accordance with the requirements of paragraph (I). The draft schedule must be reviewed and certified, as to its accuracy, by an external auditor designated at the county auditor -controller's direction pursuant to Health and Safety Code Section 34182. The Recognized Obligation Payment Schedule must be submitted to and approved by the oversight board. Finally, after approval by the oversight board, a copy of the approved Staff Report Resolution SA -RDA 004 February 23, 2012 Page 2 of 2 Adopting the Initial Recognized Obligation Payment Schedule Recognized Obligation Payment Schedule must be certified by the county auditor - controller, submitted to the State Controller and the State Department of Finance ("DOF"), and be posted on the Successor Agency's web site. The first Recognized Obligation Payment Schedule submitted to the State Controller and the DOF will be for payments for the period of January 1, 2012 to June 30, 2012, inclusive. Staff recommends that the Board of Directors of the Successor Agency to the Palm Desert Redevelopment Agency adopt Resolution No. SA -RDA 004 , approving the draft initial Recognized Obligation Payment Schedule. Fiscal Analysis The draft initial Recognized Obligation Payment Schedule is in furtherance of allowing the Successor Agency to pay enforceable obligations of the former redevelopment agency. Submitted by: Ja(ie . Moore, Director of Housing Approval: Paul S. G1i$lon,for of Finance /dhn M. Wohlmuth, Executive Director Department Head: McCarthy, Assists 't} Manager totc nc4r ll°(no 0 RDA 5-0 ' r -1n: (`U % ! OffsNI G- rdaNeronica Tapia Word Files Staff Repotts,ROPS 2-23-12 staff report.docx RESOLUTION NO. SA - RDA 004 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY APPROVING A DRAFT INITIAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177 AND TAKING CERTAIN ACTIONS IN CONNECTION THEREWITH RECITALS: A. AB X1 26 and AB X1 27 were signed by the Governor of California on June 29, 2011, making certain changes to the Community Redevelopment Law (Part 1 (commencing with Section 33000) of Division 24 of the California Health and Safety Code) (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"). B. The California Redevelopment Association and League of California Cities filed a lawsuit in the Supreme Court of California (California Redevelopment Association, et al. v. Matosantos, et al. (Case No. S194861)) alleging that AB X1 26 and AB X1 27 are unconstitutional. 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. C. 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. D. As a result of the Supreme Court's decision, the Palm Desert Redevelopment Agency (the "Redevelopment Agency"), a redevelopment agency in the City of Palm Desert (the "City"), created pursuant to the Redevelopment Law, was dissolved pursuant to Part 1.85 on February 1, 2012. E. By its Resolution No. 2011-76, adopted on August 25, 2011, the City Council of the City made an election to serve as the successor agency for the Redevelopment Agency under Part 1.85 (the `Successor Agency"). F. By its Resolution No. 001, adopted on February 9, 2012, the City Council, acting as the governing board for the Successor Agency, established rules and regulations applicable to the governance and operation of the Successor Agency, and pursuant to such resolution provided that the Successor Agency will be governed by a Board of Directors (the "Board") consisting of the members of the City Council of the City. C;,rria;Vrrnnira Tania'.Wnrrl Filre\Ctaff Rrnnrre\Cnrrrecnr aornry rren6ninn annrnvino ROPC J_,Z_I TNN'X RESOLUTION NO. SA -RDA 004 G. Health and Safety Code Section 34177(1), as modified by the California Supreme Court, provides that by March 1, 2012, the Successor Agency must prepare a draft initial Recognized Obligation Payment Schedule for the enforceable obligations of the former Redevelopment Agency, in accordance with the requirements of paragraph (I). The draft schedule must be reviewed and certified, as to its accuracy, by an external auditor designated at the county auditor -controller's direction pursuant to Health and Safety Code Section 34182. The certified Recognized Obligation Payment Schedule must be submitted to and approved by the oversight board. Finally, after approval by the oversight board, a copy of the approved Recognized Obligation Payment Schedule must be submitted to the county auditor -controller, the State Controller and the State Department of Finance ("DOF"), and be posted on the Successor Agency's web site. The first Recognized Obligation Payment Schedule submitted to the State Controller and the DOF will be for payments for the period of January 1, 2012 to June 30, 2012, inclusive. H. Accordingly, the Board desires to adopt this Resolution approving a draft initial Recognized Obligation Payment Schedule in accordance with Paragraph G. NOW, THEREFORE, THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY, HEREBY FINDS, DETERMINES, RESOLVES, AND ORDERS AS FOLLOWS: Section 1. The above recitals are true and correct and are a substantive part of this Resolution. Section 2. This Resolution is adopted pursuant to Health and Safety Code Section 34177. Section 3. The Board hereby approves the draft initial Recognized Obligation Payment Schedule substantially in the form attached as Exhibit A to this Resolution and incorporated herein by reference (the "ROPS"). The Executive Director of the Successor Agency, in consultation with the Successor Agency's legal counsel, may modify the ROPS as the Executive Director or the Successor Agency's legal counsel deems necessary or advisable. Section 4. The Board hereby designates Paul Gibson as the official to whom the DOF may make requests for review in connection with the ROPS and who shall provide the DOF with the telephone number and e-mail contact information for the purpose of communicating with the DOF. -2- (�'rria Vrrnnira Tania,Wnmi Filec',Ctaff RrnnRc,Cnrreccnr aornrr rrenlnt+nn anmmn.inn ROPC flOCX RESOLUTION NO. SA -RDA 004 Section 5. The officers and staff of the Successor Agency are hereby authorized and directed, jointly and severally, to do any and all things which they may deem necessary or advisable to effectuate this Resolution, including submitting the certified Recognized Obligation Payment Schedule to the oversight board for approval, and any such actions previously taken by such officers are hereby ratified and confirmed. PASSED, APPROVED AND ADOPTED this 23rd day of February, 2012. AYES: NOES: ABSENT: ABSTAIN: ATTEST: Rachelle D. Klassen, Secretary Robert A.Spiegel, Chairman -3- ('.- rria,Vrrnnira Tania,Wnni Filrc,Ctaff Rrnnrtc,Cnrrreenr aornry rrcnlntinn annrnvino ROPC n_')i_V) DOCY RESOLUTION NO. SA -RDA 004 EXHIBIT A DRAFT INITIAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE Exhibit A (:.,rAalVrrnnira Tania,Wnrri Ctaff R rnnfc\Cnrrreenr anrnry rrcnhIrinn annrnvmn R(1PC n_3i_I fl(1CX uoi;ezll;inab oased 13 out 1u6lsaa eWJod Carrying Costs - Agency Property Jagno g oWloed pueuano Carrying Costs - Agency Property 6uluapJeo uewzno m a 7 0) co N 7 2 Q c (D o > 7 0 0 0 0 c a 3. m Q N 3 0 o' O dJoa sup agll s,JaAnme-1 sal}03 61.1lxel }pesaa weed CV aseal sal#Illoed Cll oased 13 aoueinsul A}illgeil Vldr elwo}1pe3 sao!AJaS 6upjueg elwo;Ile3 }o >pueg uolua N N � O (O CO V 0) CT A saowaS 6ulpoda�{ saowaS 6ugipny •o3 suen3 'Nam ia6auy{ g;sag-;sag sao!AJaS le6al uogsiaouos;eM `sp.egol8 saowaS aJnsolosla 0) saowaS aa;snal Nlueg °Wed silo/A AeMkeQy wpuessapy s;oa;lg0Jy olslnA }said • AemAagy oipuessaly (81 dnoio wn;IV eql Aenvtally cupuessalv(Zl• oul sJa6ppooh C T Cn T O -0 N T •O CO 'O T 'O T P, T '0 T 17 "0 'O T a -Era •o '0 T 1, T 0 a v� Z CO z� v� 0) °) o� o� o v o 0) o m o d o m o,) o,) o m o c v (/1 0) < -w `3 `3 0 `3 �. `3 o `G 3 Q' 3 0 3 ci o' 3 m 3 7 a 3 a) 3 FA 3 CD (oi, (on 3 a) 3 co 3 N 3 a)) 3 u(D) 3 0 3 3 7 O 7 O 7 a CD 7 2 (D 7 R. 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