HomeMy WebLinkAboutSA 14-300 Recognized Obligation Payment Schedule for Jan 1,2015- June 30,2015ME W5 Ai�
REPORT TO SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF
THE CITY OF LAKE ELSINORE
TO: HONORABLE CHAIR
AND MEMBERS OF THE SUCCESSOR AGENCY
FROM: GRANT YATES, EXECUTIVE DIRECTOR
DATE: SEPTEMBER 23, 2014
SUBJECT: RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 14-
15B) FOR JANUARY 1, 2015 THROUGH JUNE 30, 2015
Recommendation
It is recommended the City Council approve and adopt:
Resolution No. 2014- A RESOLUTION OF THE SUCCESSOR AGENCY OF
THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 14-
15B) FOR JANUARY 1, 2015 THROUGH JUNE 30, 2015
Background
As part of the dissolution of the former Redevelopment Agency, Health and Safety
Code Section 34177 (added by AB 1X 26 and amended by AB 1484) requires the
Successor Agency to adopt a Recognized Obligation Payment Schedule (ROPS) that
lists all obligations of the former redevelopment agency that are enforceable within
the meaning of subdivision (d) of Section 34167 for each six month period of each
fiscal year. The Successor Agency has previously adopted ROPS for prior six -month
periods. The previous ROPS have been approved by the Oversight Board to the
Successor Agency of the Redevelopment Agency of the City of Lake Elsinore and the
State Department of Finance (DOF).
Discussion
AB 1484 requires that the ROPS for January 2015 through June 2015 be submitted
to DOF and the State Controller's office, after approval by the Oversight Board, no
later than October 3, 2014. The DOF has five (5) days after submittal to request a
review and forty -five (45) days to review the ROPS if it decides to do so. If the ROPS
is not submitted by the deadline, the City is subject to a $10,000 fine for every day
Approval of ROPS
September 23, 2014
Page 2
the ROPS is late and the administrative cost allowance for the Successor Agency is
reduced by 25% after 10 days.
The attached ROPS 14 -15B for the period January 1, 2015 — June 30, 2015 follows
the form prescribed by the DOF and incorporates all of the obligations identified in
the previous ROPS. DOF has made some changes to the form, and certain items
previously listed on the form have been updated.
A few changes and additions are noteworthy:
ROPS Detail Schedule, Line 33 — this line items references the Interim
Stadium Management Agreement for Stadium management, operations
and maintenance, as amended for the calendar year 2015 (January 1,
2015 — December 31, 2015) and incorporates the increases in costs
and capital expenditures required to be made for the six month period
covered by ROPS 14 -15B. The obligations disclosed in line items 29 -
32 for the six month period covered by ROPS 14 -15B are also
incorporated into line 33 in accordance with the terms of the Second
Amendment to Interim Stadium Management Agreement.
Prepared By: Barbara Leibold, City Attorney /Successor Agency Counsel
Approved By: Grant Yates, Executive Director
Attachments:
1) Recognized Obligation Payment Schedule of the Successor Agency of the
Redevelopment Agency of the City of Lake Elsinore for the period of January
1, 2015 through June 30, 2015 (ROPS 14 -15B)
RESOLUTION NO. SA -2014-
A RESOLUTION OF THE SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
APPROVING THE RECOGNIZED OBLIGATION PAYMENT
SCHEDULE (ROPS 14 -15B) FOR JANUARY 1, 2015 THROUGH
JUNE 30, 2015
WHEREAS, the Successor Agency of the Redevelopment Agency of the City of
Lake Elsinore (the "Successor Agency ") is charged with implementing recognized
enforceable obligations and winding down of the affairs of the former Redevelopment
Agency of the City of Lake Elsinore (the "Agency ") in accordance with the California
Health and Safety Code; and
WHEREAS, Health and Safety Code Section 34169 requires the Successor
Agency to prepare and adopt a "Recognized Obligation Payment Schedule" that lists all
obligations of the former redevelopment agency that are enforceable within the meaning
of subdivision (d) of Section 34167 for six month periods, including January 2015
through June 2015; and
WHEREAS, AB 1484 requires that the ROPS 14 -15B for the period January 1,
2015 through June 30, 2015 must be submitted to the Department of Finance and the
State Controller's office, after approval by the Oversight Board, no later than October 3,
2014 or be subject to penalties; and
WHEREAS, on September 23, 2014, the Oversight Board to the Successor
Agency of the Redevelopment Agency of the City of Lake Elsinore considered and
approved the Recognized Obligation Payment Schedule 14 -15B for the period of
January 1, 2015 through June 30, 2015; and
WHEREAS, all other legal prerequisites to the adoption of this Resolution have
occurred.
NOW, THEREFORE, THE SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE, DOES HEREBY
RESOLVE, DETERMINE AND ORDER AS FOLLOWS:
SECTION 1. The Recitals set forth above are true and correct and incorporated
herein by reference.
SECTION 2. The Successor Agency hereby approves the Schedule attached
hereto as Exhibit A as the Recognized Obligation Payment Schedule 14 -15B for
January 1, 2015 through June 30, 2015. Pursuant to Health & Safety Code Section
34173, the Successor Agency's liability, including, but not limited to, its liability for the
obligations on the attached schedule, is limited to the total sum of property tax revenues
it receives pursuant to Part 1.85 of AB X1 26.
SUCCESSOR AGENCY RESOLUTION NO. SA 2014 -00
Page 2
SECTION 3. Executive Director Yates, or his designee, is hereby authorized to
submit the ROPS to such parties as may be required in accordance with the Health &
Safety Code, and to take such other actions on behalf of the Successor Agency with
respect to the ROPS as may be necessary in accordance with applicable law.
SECTION 4. If any provision of this Resolution or the application thereof to any
person or circumstance is held invalid, such invalidity shall not affect other provisions or
applications of this Resolution which can be given effect without the invalid provision or
application, and to this end the provisions of this Resolution are severable. The
Successor Agency hereby declares that it would have adopted this Resolution
irrespective of the invalidity of any particular portion thereof.
SECTION 5. This Resolution shall take effect from and after the date of its
passage and adoption in accordance with, and subject to, all applicable requirements of
the Health & Safety Code.
PASSED, APPROVED AND ADOPTED at a regular meeting of the Successor
Agency of the Redevelopment Agency of the City of Lake Elsinore, held this 23rd day of
September, 2014.
Natasha Johnson, Chairperson,
Successor Agency of the
Redevelopment Agency of the City
of Lake Elsinore
APPROVED AS TO FORM:
Barbara Leibold, Successor Agency Counsel
ATTEST:
Virginia J. Bloom, Secretary
m
E
E
m
cn
m o
to a)
r a
4
CD
r �
U) N
0°
d -7
07
4% O
fA Lo
L
� m
a�
r m
0 a)
� o
0=
LL
N
U
d
L
O
C
w
Y
fC
J'
-6
Of
Q
O
sn
U)
a) O
v �
0 0
to U
O O
E E
z z
C).
M[--
rd'
C
O
T
N
rl-
iLq
cc
1�
eY
Lr
:.a
C
U)
7
F-
x
l'i I I �.%
C
C
7
LL
LL
f"
H
D.
R'
Q m U U W LL 0 2
co G 0)
m Q0 ti
C) U)
M
(p �-I et
to
C
LL
LL
F-
F-
a "u
f
O
•L
m �
a
G f
L ((
L
U _
O z
z
d (
� W �
LL •c
Q � 0
� a <
0
•L
L
O -o
a � L
d
i C o i
O -
a z
d � d
A �
� m S
c
d U �
a o
c
O W d
y
V)
CD
(.f
v —
a
n
IM
IM
> as
N
d
i O
a
W
i H
a
O
s �
s =
1 L
7
U
N
s O
� =a
I Q
s Y
OD 00
0) a
C) p
r
r
C
O
LL
LL
H
IL
O
a
i
7
U
O
•a
O
CL
0
aL
O
L m Q }
d � 0
.2 L
aL+ 0 .� L
0
0
O U tn!
•= O N 0
Q .
C
C
0
0
U
N
F-
a)
E
m
z
__0
N _N
-O C T
O � U
U
T OU N
ma! (c6
m N
a f0 E
C
m m U C
m >
C m -0 o
m m c 0
E = m m
'a fn
m E m
o — m 5
m ` > -a
t m 0
U
M ) (n
c
> O—
0 t
O V) m
c 0 a
o C
6 C U O
U m T
_ O
U n J-- 0
m
0
N
(6
in
C
O
LL
U)
7
F-
x
m
F-
a)
a
CL
O
aL
"
c+
d
v
E
o
�
U-
4)
LL
W
O
z
N
n'
•(0
N
c6
C
s
p
L
in
c O
w
w
U)
'a
a
O
_
a
0
p a)
oa
O
mm
a'a
cn p
4
CL
0 m
LL
LL
N
O
c
°
a
c
U
co
O
C
LL
0
O
a)
(n L
LL
W
r
>
O
W
O
Q +
0.
m
m
m
m
c
n
>
fo
a
E
0
:B m
a
Z
u
Q
E a
o
ID
d
c
E
V O
D i
O
CD
a)
cl�
0
U
O
Z
-0 C
Q
O
1
L
W U)
W
U
Q m U U W LL 0 2
co G 0)
m Q0 ti
C) U)
M
(p �-I et
to
C
LL
LL
F-
F-
a "u
f
O
•L
m �
a
G f
L ((
L
U _
O z
z
d (
� W �
LL •c
Q � 0
� a <
0
•L
L
O -o
a � L
d
i C o i
O -
a z
d � d
A �
� m S
c
d U �
a o
c
O W d
y
V)
CD
(.f
v —
a
n
IM
IM
> as
N
d
i O
a
W
i H
a
O
s �
s =
1 L
7
U
N
s O
� =a
I Q
s Y
OD 00
0) a
C) p
r
r
C
O
LL
LL
H
IL
O
a
i
7
U
O
•a
O
CL
0
aL
O
L m Q }
d � 0
.2 L
aL+ 0 .� L
0
0
O U tn!
•= O N 0
Q .
C
C
0
0
U
N
F-
a)
E
m
z
__0
N _N
-O C T
O � U
U
T OU N
ma! (c6
m N
a f0 E
C
m m U C
m >
C m -0 o
m m c 0
E = m m
'a fn
m E m
o — m 5
m ` > -a
t m 0
U
M ) (n
c
> O—
0 t
O V) m
c 0 a
o C
6 C U O
U m T
_ O
U n J-- 0
m
0
N
(6
in
'
/\
j}
72kE-
\
wo
�
(
)k\
;/
)
§.#
-
\/)
.
El
El
El
-__
_-
_- _-
§k/
§
{
22
°
-
1.
IS
IF
1.
1
G) \ { {f
\ \ \ §{f
)
-
:
t] \ {( /) {#{)
®)!�
Z3
.o
/
f
§ / /
§ § /{
\ \])IE\!\
\[!);E;f
\2y\�
\ \\
\
\
\
\
}
\
\
\
\\
\
\}\
)
o
[
%
[
§
/
§ §§
\
Z5
Z5
o
)
j
j
�
\\\\)\)\\/
/
0.0
0
0
www
lo
��
\\
/
\ \
\\
\\\
\
\
\
\
\
\\
\ \\
)
}
\
§
—
]4\
)
#{
cp
~
ww,
\ \
\
\
\
\
\
\
/
\z /) \:
\\\
o
§Q{
`
\��
\\
�fo�
\\
\f
\
\)\
El
\
{ \ } \\ /( /
/jj
/
\ \
\ \\
CD
ic
o
)�)
(
(
\
)
)
)
)
)
)
)
\\)
IN
o
wT
E.
Si
o
/.2
/§m;
;,
==
d
V
C
l9
fC
m
L
N
(C
U
O
r-
0
ca
G.
U.) N
r �
� O
r °
CL L
03
� c
d .N
� c
O
L E
V Q
U I=
O
O
C ID
E
T
(O
a
C
O
m
cn
.Q
O
N
.0
0
d
O
v
N
w
LO
U
Z
o
(u
a
c
@
(D
n
°a
�a
o
U -0, Z
m
Q
o
urot
o
aai
v
0))p
m
7
C
(n
E m r j
O
U
N
U T
n
O
a)
7 O y <
m
0 0
O Z5
o
-
E
C
O
@ n
L
N
m
U E
N
-
t� .E
U
c
47-
J U C
[7
w
'3-
C a) a
3Q °' 2
W
c°
o
co
W
cw
a
s
°c n
E
E
0
�9
N 7
7 0 °
O
7 p
O
c (moo
o o
(n 0 0
U c
N E
Z a
V
U c
c0 j
2
a)
C }
v o
7
O a 0 ,C
E O
N N E
C j 7
Q) .
N 2
m
a) N
C 7
N
a)
co
(D
M
N
(t7
(D
0)
c9
:: V)
CS
M
(D
N rl-
N
f`
N
11)
'.M
V
a)
y O
c
M
N
1-
ti
[?
0
M
M
a
N
LL
E C
N
F�
N
�
a
m .D
Q C E
N
N
N
N
CO
V
M
00
M
tMD
N
O
(D
Ct
N
N
CO
(L
c m 'a
U7
M
LD
(D
v
0
Z
7
d
O vvi
., vi w
v(Oi
v`Di
(n
DL
E
y
C c
y
N
N
N
N
N O
O`
O N
C LL
O
ai
cu
0
co U) v
o
: °0
0
c
v@
m
C) � � o
a
v
(}
o
LL
X
O N
(,
U
C a d
•� rn d
U O
y
R
d N@ 7
`
7
E
7
@
m
w
O
CL
aj
t
W
LL
t=.
Q' @ C C
@
0
(�O
M
O
O
V
(
On0
aa)
@
C
d Opm `
(p
C
a7
n.
t`
N
tt
a
d v
°
.a
> E
a R
z'
O
m 0
E U
O
iri
N
N a)
N @
r O
L
r
U) 0 0
'o
c
'o
C O
O O
C N
7 Q
Cf0
m
LL
7 0
y m
F-
0
N O O
X c
F- 2
U
m
N d
U) an
}
C O 'N
c r
a
O O
m 0
a
c @
v
o
v
a)
E
)
o
E
«
u
E
-
o
a
¢_ m
O
a
2
w
N fO
}-
a)
c
O
m
c m
rn
a
m
V
c
O
N
C
7 N
=
�^
rq
n 7
c
a °
m m
a
°+
m Q
+
r
to
LL
a°
O m°
(Ea
c0
r` u)
O
m
R �
�. v
o
a7
m
V V
a) m J
0)
@
N
° u
¢
a)
I
E w
t-
m a
6
a ou
7 .t.
E°
m:S
m
d
m
o N
•p
v
a) m
¢ 7 U)
a
7 O
o
y
o a
v
ca c
o
y
o
w 7 (n
a@
u c v
m
o
V
a
ao
L O
Q
u
a s
o
O
m
}
@W
U
a
M
LL
=+
O
=
C
W
C },
C
N
aJ
c
m
Q
CD
m a
O
m
'F'
e'
a
cai
O
O
@
m
M S-z
O
d .
j
d
O
m+.c
@ .. .
7
l . .
V
a)
N a
@ N
Q
•L
N
y eW
N a
r
@ N d
R
'(6
@ a
O_
@
°
a "
oo
a
acv
d LL a
O
@
(`
U
a
U
LL
NU
O C
V)
@
@
E..O..0
O .rn. ,-.
} (�
¢
R'
N..
E
@ +.
EwC)
> rn
¢=
N
m
@
7}
0 O
=
N j ,G
E
N
m Q
a
=
N
} e}...
¢ 11
O O
=
2
N
E
'
a) cm
¢�
0 a
E7
O
Y E
O O a)
aE0
O
E°-
V+
¢
W
07 C�'..
0 :a
E7y
0 0 a)
c U
E.
N
SO N
c
.0
j m Q
:6 m w7-
O@ Z
(a p
IT II
N
C V.I
(D m Q
:0 V
O m?
W
-C
> a
c
cFZ
c �� CC
c� m
(nom c
c0
_
c� A
c
cF N
c
C @ LJ
(� n .�
"�
`-
07
a
> F
m a o
�. M E- a
x a X
4;
ar a o
O a m
d ,.
> h S
d a o
fl.
x N
w as o
c
ix aU
w otr o
�aa
�aa
W.. U..::
�m
V
wtrU
W
w70
W...
v
¢
a
a
-
r
N
M
d'
N
(D
n
W
a7
D_ 3
w
E
E
E
g
E
E
E
�.z
s`zaz_z-z
osos
n
wa
q E g 'v
z
kas"
n�
�s
_ -
E �
IT
�
°v
a
� �
E
a
O t
`o=
�'m
=
z`a
m a'o
Na3
o
'km -
m
nv._
q
ON
aeon
w ° E
ma
qV
ES
ma
�
r
9
a
_A
O
Z5
M
V N
K a0
K
_
_
-
¢
K
v
?�
Y
G
g
qE
2a
Lt
-
s
a
`s
10
-
_
E «
�
zo
K
5
-
a
z
o
2
-
z
E m
u
a
3 N
rvN
S n
o
O
E
E.
E
z
E
mE
E E
E E
E.EE
d
u F
E
El
E
'�
-
`�
?
E
�i�
-
u.Sf
3o"
mot
-Uyw
F>w
=tea
md
00
Ka
E
=
L
L
L
L
L
L
(n
0 0
a) E U
C
•
.3
E
T X @
@ U) 'O
a�i
a�i
�
a�i
a�i
�
•�
� o o
U
@
@
@
(0
N
(0
a) E
C
C
C
C
C
C
N
U0 C
i
cm
C M
0)
m
0)
0)
O)
,�
.LU-
a) M
cn
7
rn
U
w
7
(n
<n
O
E N
C
C
C
C
C
C
E
(D
CD
N
N
N
N
a)
QJ
O O) O
>
>
>
o
a @ .E
L
0
C
C
C
C
3
y o
a)
a)
a)
a)
a)
a)
o
Co C-
OL
o
Q
O
a
O
a
o
CL
o
Q
O
@ o
a
0
n
0
0
o_
0
0
0
c-
N
0
O M
0
O m
0
o M
0
O M
0
O M
0
O m
o
@
o °@
a m
LO
Lo o
Lo o
Lo o
Lo o
Lo o
Lo o
@ o
Z
@
6 c
a) -0
m c
a) -0
m c
a) �
m c
a) -
m c
N 'O
m c
co
_0 a r
c
E o
m.
E o
m.
E O
m._m.
E O
E o
m.
E o
m
@ cA
wm
m
`�
LO
i LO
o�
L U)
LO
o
U)
c O
O
Q O
OL O
L O
CL O
Q O
O_ N
@
O_ N
@
CL N
Q N
@
Q. N
O_ N
r
N
a) -c
N@
a)
a)
a) .L
N@
a)
U@
a)
a)
Q) L�
a)
L1 a) -O
O a a)
a
0
o
o
o
o
o
CL
m o>
o
Oo
o�_�-
a�a�
-�
-0 �
°
E•°U
O
a) a)
a) a)
a) a)
() a)
a) a)
a) a)
Cl)
C•.i
a .i
a .L
Q.
d .i
Q .i
@
C -O N
i
N
m O"
m
m=
m =
LO
m I
LO
m =3
m
@ N a
E
LO
E
f a)
Lo
E
i L
U-
U
U
U
U
U
d•
0 0 0,
U) o
U z
U) z
w z
(n z
U) z
co z
`-
m" X
C�
No-
N(L
O
a)
O
a. (L)
O
a. a)
O
a. a)
O
E N
O
a
Ui
o
a
a' ..O
� L
Of L
0' ..fl
� L
W 9
�
O N-C
�-
I
C�
a)
a)
a)
a)
a)
a)
@
N
�
°:2
o
°
°
°
°:IF
d_
1
o
0 o M
a) —
(D
a) �
(D
o —
o —
a)
0
0
E
n ai
a) O
n w
N C
n
a) C
n
N O
w
a) p
M
a) C
a)
a
a o
0) O
C c
C 0
C a
O a
O 0
C a
L
.0 c
@ U,.
> >
> T
> >
> T
> >
> >
o
@ a 'y c
N
E U
N U
N U
�l U
0- U
a) L)
E
I c a)
LL ac)
LL_ (D
L(- ac)
LL aa))
LL aci
LL a)
x
E @ °
F-0)
cm1
-0)
�0)
��
(�
��,M0)
a]
F— Q
F— Q
Q
F— Q
F— Q
F— Q
o
o r .a) @
oc
a.
IL a)
cu
v
� =
� �
W
� =
�
cj o @
a) F—
o F—
a) F—
a) F—
o F—
o F—
o
o
LO
LO
M
N a) f-- O
.
N
0
U
0
U
a)
to
o
U
o
w
o
m m a
N
C)
CL
cl
CL
N
—
O
E
@ Q)
@ a)
@ a)
@ N
@ N
@ U
O
= �
a) cp a)
T}
T}
T}
T}
T}
T}
M@
U C
'..
U
C
C
C
C
C
C
@
@
@
@
@
@
.0
'� a)
O
O �' 4)
Q
Q
Q
Q
Q
Q
a)
T _
o
m
E
a)
�
o
o w
o
o w
o
o m
o
o w
o
o w
o
o w
`n
U) Q
c
o c
U) ?- D o
E@ E
E
O
o
Q'
n@
(D
(n @
a) E
v@
(D E
n@
a)
n@
a) E
N@
a)
L)
o
> O
"J
U
U
U
U
U
.2
CD
.2)
OU
0
!.
Y
O
O O
(D O
a) p
a) p
o p
a) p
d
a)
a-
F— M
♦—
F— N OL
a)
N
M
Ln
W
O
M
M
C')
,..,,.
N
d
O