HomeMy WebLinkAboutSA Reso 2019-06 Amended Recognized Obligation Payment Schedule (ROPS 19-20B) January to JuneRESOLUTION NO. 2019-006
A RESOLUTION OF THE SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE,
CALIFORNIA APPROVING THE AMENDED RECOGNIZED OBLIGATION
PAYMENT SCHEDULE (ROPS 19-20B) FOR JANUARY 1, 2020
THROUGH JUNE 30, 2020
WHEREAS, the Successor Agency of the Redevelopment Agency of the City of Lake
Elsinore ("Successor Agency") is charged with implementing enforceable obligations and winding
down the affairs of the former Redevelopment Agency of the City of Lake Elsinore (the "Agency")
in accordance with the California Health & Safety Code; and,
WHEREAS, Senate Bill (SB) 107, enacted in September 2016, added Health & Safety
Code ("HSC") Section 34177(0) requiring 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 34171 for twelve-
month periods, including July 2019 through June 2020; and,
WHEREAS, SB 107 permits an amerided ROPS 19-20B for the period January 1, 2020
through June 30, 2020 to be submitted to the Department of Finance and the State Controller's
office, after approval by the Oversight Board, no later than October 1, 2019 or be subject to
penalties; and,
WHEREAS, HSC Section 34177.7(o)(1)(E), permits an Amended ROPS 19-20B provided
that the Oversight Board makes a finding that a revision to the ROPS is necessary for the payment
of approved enforceable obligations during the ROPS 19-20B period, and,
WHEREAS, on September 5, 2019, the Countywide Oversight Board of the County of
Riverside will consider making the finding that a revision to ROPS 19-20 is necessary for the
payment of enforceable obligations during the second half of the ROPS period and consider the
approval of the Amended Recognized Obligation Payment Schedule (ROPS 19-20B) for January
1, 2020 through June 30, 2020, in the form attached as Exhibit A; 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 Amended Recognized Obligation Payment Schedule 19-20B for the period January 1,
2020 through June 30, 2020. 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.
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
Resolution No. 2019-006
Page 2 of 3
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 by the Successor Agency of the Redevelopment
Agency of the City of Lake Elsinore, California, this,�Iay of August 2019.
nos, Chair
ATTEST: L
Mark Mahan
Deputy Secretary
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF LAKE ELSINORE )
I, Mark Mahan, Deputy Secretary to the Successor Agency of the Redevelopment Agency of the
City of Lake Elsinore, California, hereby certify that Resolution No. 2019-006 was adopted by the
Successor Agency of the Redevelopment Agency of the City of Lake Elsinore at a Regular
meeting held on the 27th day of August 2019 by the following"vote:
AYES: Agency Members Sheridan, Johnson, Magee; Vice -Chair Tisdale and Chair Manos
NOES: None
ABSTAIN: None
ABSENT: None
Mark Mahan
Deputy Secretary
EXHIBIT A
AMENDED ROPS 19-20B
[attached]
Amended Recognized Obligation Payment Schedule (ROPS 19-2013) - Summary
Filed for the January 1, 2020 through June 30, 2020 Period
Successor Agency: Lake Elsinore
County: Riverside
Current Period Requested Funding for Enforceable Obligations ROPS 19-20B ROPS 19-20B ROPS 19-20B
(ROPS Detail) Authorized Requested Amended Total
Amounts Adjustments
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 Enforceable 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.
$
1,675,155 $
- $ 1,675,155
$
1,407,388
267,767
6,809,987 $
- 1,407,388
- 267,767
5,525,093 $ 12,335,080
6,663,447
146,540
5,525,093 12,188,540
- 146,540
$
8,485,142 $
5,525,093 $ 14,010,235
Name
/s/
Title
Signature
Date
U)
IL
O
m
0
N
01
N
a
O
N N
O
p N
� O
t M
v
N c
C 7
d A
E r
A
a o
c w
O
MCD
N
OI O
N
.n
O�
d IC
N �
C C
CM M
o
0
d
d
V
c
d
E
Q
0
C
Mu
o
x
C C
O O
U x
X
C
N
T
O
U
❑ m
X
N C
O
N
O
2 '� N
N N
O
Z
Oi(nJ
ON
O
Oall
N
0
❑ N p j
M
❑ C
N
N
�3= >O
L N
_C
N
p o 0)
C N U
O N J
d 0
LL
aid)o
C
w U)w
LL3
N N Q�
J x w
N N p J
J
0) j C
'Z O 0
0)
D L F -E
N O N
N M >
C E m
Q C O
Q Q C
N N Ol
o d
p o
> a
LL J�
O
�
LLN ALL
ON
y 0
LN N
T
O
�a
2'nF-w
LL'N Q LL'1
O
41
0
!
Yi
4
L
(D�`
O
O+
R
m
H
N
N
W
49
fl
Lo
w
In
'E CL
'a CL
Q R'
(0
p
LL
p
T
m
NO
0
a,
N
M
O
N
q
w
w
`
a
9
LL
0LL
7
O N
0
�
� C
�
� m
� 9
CN
ro o
a
V
0
N
W
V
O)
d'
O
)O
W
N
)O
O
O
(nD
r
69
69
O
W
M
N
O
O
N
V
69
fD
~
W
64
0o
69
N 69
69
M0
cli
CLL
Er
c
y
Vo -
v
w
LL
co
W
co
N
00
00
V
0)
n
O
a
7
• •N
N
D)
O
O
1
'
N
a
W
a0
Off)
0
N
O
OD
m
7
10
a
0
N
m
fD
7
N
n
V
C
r
N
C
c
❑ LL
N
W
N
O
L
LL
rJ
U
M
m
V
ai
ro
d m
� a0
st
w
M
Cy
O U
m O
a
C
V
M
M
N
ID
O
)O
O)
Co
n
O
O
O
00
O
W
O
O
M
M
O
O
O
O
C
O
'ZIw
N
V
V
n
r
n
N
W
n
r
N
M
h
M
O
O
N
O
M
O
O
O
CM
m
O)
N
M
r
M
)O
tD
In
M
ID
O
n
W
N
V
0p
)O
LQ
W
N
00
(D
M
D)
n
W
ItN
r
N
n
N
O
tD
♦- N
W
0
609
N
M
6M9
N
�
NN
O)
0 0
w
69
69
M
Vi
69
69
0
JO
O
O
O
LL
T
N
O
10 O.
N Ul 0
J O
- O O
J O
= 0l O
❑ U
❑ U
J
= N
W
t0
U
t0
C
W
C
co
0
O M
O MC
Oia M
C
C
C N
0J
0)
N
E
O 'gyp
N_
O co
m0-
m0-
m0.-
OU
OU
mQ
Lu
U)
F -J
LL
LL
Q
_N
C�p
❑ N
I
1
NU
0U)
CIO NU
z
U
O
m
U
O
N00
U
O
m
�p❑
U
N
'- U
E
U
12
J
LL
J
LL
Z
C
Q
«
J C
C C
C
O C
C C
N
N
N
L
L
m
Q
aci o
Q a`i o
Q aci o
f
E
E °m y
E
E
N c�
c
m
c
E
°)
D-
X>�
X>�
X>�
L° c
�..a)
Jm
Jm
m
mm
m
m
♦��ON
F� w N
FE W N
(O
N W CLL
UPJ
SJ
IJ
J
U
W U
(OQ
co2Q
UUQ
[OOM
yjk
N
M
N
M
0
O)
N
N
N
N
N
M
M
m
v
0
Z
m
C LL
ECL
r
r
CL
¢ D:
LL
LL
CP
E
N
N
0
a
�
N
1
1
r
y
�
O LL
c
LL
.Zj
rk
k
)
r
C
0 a1
d a7
�
� m
y
� y
.
r
O 10.1
m O
a`
m
W
»
4A
e»
h
GA
N
p
1°
m
m
m
N
D
V
en
co
F-
q
di
vi
C LL
•E
a�
N
LL
L
F
C]
OJ
O
0
(")
m
0)
In
N
V
O
r0
OJ
r
m
c7
M
c
7N
O
E
4)
y
r
=
O
L_ C
N
�
C
LL
O
LLL
1
1
N A
R' m
.0 .0
y
0
O O
m O
a`
c C
O
m
)O
L
f»
eh
eh
o
10
1h
a
a
m
o
O
rn
c»
0
O
o
o
O
o
O
1°
�
a
V
m
1a
m
co
la C •jp
o m
F W a
S,
a
N
1»
to
LLi
m
r
1n
N
eH
m
vi
N
es,
aJ
M
LO
O)
rn
O
ua
1'>
m
69
O
O0
T
a)
N`
—
Tc
L0
NM
Wa
O
U
O
�«
Nm
Na
NM
aN
NM
Na
LL
I
~
0
>
O` N
N
N
d
a C
N
N
C
N
a 0
N
N
U
N
V
N
O
N
[l
c
O
at
N
m
N
a)
Q m
c 0
oo
a)
a,
E
v
N
Q• -
0
0'r
c
0 4=
LL L
E
�U
LL
LL
IL
m¢
LL
¢
ao
LL
ma
lw
ma
m¢
ern
E
E_
N
X N
~ co
ow
T
d
N
N
9
N
c
a1
9 c
E
Z
aci
U
m aci
E
m
o
O
v
d m)n
c
5 y
LL
X
Finaao
X
Hmamo
co
y
s E
U 0
m c
O U
d
N j
V O)
v
N y
c
C
m c o o
C O I N
v
a
a°
O U
>
a)
a)
c c o
0 0 N
c c o
D O N—
m c o'o
C O O N
E
U a)
o
Em.
L'v�
En
�E
O�
y�
�N
m
cc
'�•E
°r~n
m
�'mN
JmNN�
��cy
Ery
.1
CD
mom
EE
c�
o�
cZ
om
aE
Em
�°ow
-oma
y
ov
bio
vow
t-a�
vo°�vx
t -d°°
�°owc
o_mm
mm
spa
�LLo
a�
Ca
co U)
EL
U) U)
LL
xa
,nawCO
spa
EM
N
m
a,o
a
N
1)
a
a
m
s
ti
v
m
a
rn
v
1h
1�
m
m
M
a
v
v
V
J