AGENDA
ITEM
27 AGENDA
ITEM
CALEXICO California
WHERE CALIFORNIA AND MEXICO MEET
27 SUCESSOR AGENCY
AGENDA STAFF REPORT
DATE: January 21, 2026
TO: Successor Agency Board Members
APPROVED BY: Benjamin A. Martinez, City Manager/Executive Directo PREPARED BY: Karla Chaparro, Finance Director Je
SUBJECT: Approval of the Recognized Obligation Payment Schedule 26-27 A and B of the Successor Agency to the Community Redevelopment Agency of the City of Calexico for the period of July 2026 through June 2027 Recommendation:
It is recommended that the Board of Directors adopt the attached resolution approving the Recognized Obligation Payment Schedule ("ROPS") 26-27 A and B of the Successor Agency to the Community Redevelopment Agency of the City of Calexico ("Successor Agency") for the period of July 2026 through June 2027.
Background:
Pursuant to Health and Safety Code ("HS") § 34172 (a) (1), the Community Redevelopment Agency of the City of Calexico was dissolved on February 1, 2012. Consistent with the provisions of the HSC, the City Council of the City of Calexico previously elected to serve in the capacity of the Successor Agency. Per HSC § 34179, the Successor Agency previously established the Calexico Oversight Board to assist in winding-down the former redevelopment agency through June 30, 2018, at which time it was dissolved by operation of law. Consistent with HSC § 34179 (i), on July 1, 2018, the Imperial Countywide Oversight Board (the "CWOB") was established to assist in winding-down the dissolved redevelopment agencies within the County of Imperial.
Discussion & Analysis:
Per HSC § 34177 (o) (1), the Successor Agency is required to prepare a ROPS before each twelve-month fiscal year period. The purpose of the ROPS is to request authorization for Redevelopment Property Tax Trust Fund ("RPTTF") money (formerly known as tax increment funding) to meet the Successor Agency's enforceable obligations. Pursuant to HSC § 34180 (g), 1 CWOB approval is required for the establishment of each ROPS. Pursuant to HSC § 34177 (0) (1), a CWOB-approved ROPS 26-27 A and B for the period of July 2026 through June 2027 must be submitted to the State Department of Finance ("DOF") and to the County Auditor- Controller ("CAC") not later than February 1st for each ROPS cycle ("Submission Deadline"). It is anticipated that the CWOB will approve Calexico's ROPS 26-27 A and B during its meeting planned for January 23, 2026.
It is, therefore, proposed that the Successor Agency adopt the attached Resolution approving ROPS 26-27 A and B, which is included as Exhibit "A" to the Resolution.
Fiscal Impact:
Pursuant to HSC § 34177, the Successor Agency is legally required to continue to make payments due for enforceable obligations. The Successor Agency's and the CWOB's approval of the ROPS 26-27 A and B will ensure that the Successor Agency has the authority to continue to pay its enforceable obligations. ROPS 26-27 A and B will be submitted to DOF and the CAC by the Submission Deadline.
In addition, the CAC is responsible for distributing RPTTF, which occurs in two tranches; one by the first week of January and the other by the first week of June each year. The CAC divides the RPTTF into three parts. The first part is for pass-through funding to eligible taxing entities that are required by an agreement or statute. The second part is for successor agencies to fund approved enforceable obligations included within an approved ROPS. The third part is for the distribution of any remaining surplus funding to the taxing entities that are entitled to a share of the general tax levy ("GTL") in proportion to their respective shares of the GTL. The City is entitled to a portion of any surplus RPTTF and has received such funding for the last several years. In that regard, the City includes an estimate of surplus RPTTF within its annual revenue budget for its general fund.
Coordinated With:
Steven H. Dukett, Managing Director, Development Services Division, TKE Engineering, Inc.
Attachment:
1. Resolution (including Exhibit A, which is ROPS 26-27). 2 ATTACHMENT 1
RESOLUTION NO. 2026-_-SA
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO
THE COMMUNITY REDEVELOPMENT AGENCY TO THE CITY OF CALEXICO APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE 26-27 A & B FOR THE PERIOD OF JULY 2026 THROUGH JUNE 2027 AND APPROVING CERTAIN
RELATED ACTIONS
WHEREAS, pursuant to Health and Safety Code (the "HS") § 34172 (a) (1), the Community Redevelopment Agency of the City of Calexico was dissolved on February 1, 2012; and WHEREAS, consistent with the provisions of the HSC, the City Council of the City of Calexico previously elected to serve in the capacity of the Successor Agency to the Community Redevelopment Agency of the City of Calexico (the "Successor Agency"); and WHEREAS, pursuant to HSC § 34179, the Successor Agency previously established the Calexico Oversight Board to assist in winding-down of the former redevelopment agency through June 30, 2018, at which time it was dissolved by operation of law; and WHEREAS, consistent with HSC § 34179 (i), on July 1, 2018 the Imperial Countywide Oversight Board (the "WOB"') was established to assist in winding-down the dissolved redevelopment agencies within the County of Imperial; and WHEREAS, per HSC § 34177 (o) (1), the Successor Agency is required to prepare a Recognized Obligation Payment Schedule (the "ROPS") before each twelve-month fiscal year period; and
WHEREAS, pursuant to HSC § 34180 (g), CWOB approval is required for the establishment of each ROPS; and
WHEREAS, pursuant to HSC § 34177 (o) (1), a CWOB-approved ROPS 26-27 A and B for the period of July 2026 through June 2027 must be submitted to the State Department of Finance and to the County Auditor-Controller not later than February 1s for each ROPS cycle (the "Submission Deadline"); and
WHEREAS, pursuant to HSC § 34177, the Successor Agency is legally required to continue to make payments due for enforceable obligations; and WHEREAS, the Successor Agency's and the WOB's approval of the ROPS 26-27 A and B will ensure that the Successor Agency has the authority to continue to pay its enforceable obligations; and
HEREAS. it is proposed that the Successor Agency approve the establishment of the Successor Agency's ROPS 26-27 A and B. which is attached hereto as Fxhibit "A". anc WHEREAS, it is anticipated that the CWOB will approve Calexico's ROPS 26-27 A and B during its meeting planned for January 23, 2026 and thereafter the WOB approved Calexico's ROPS 26-27 A and B will be filed with the State Department of Finance and the County Auditor- Controller by the Submission Deadline; and
WHEREAS, this Resolution has been reviewed with respect to applicability of the California Environmental Quality Act (the "CEQA"), the State CEQA Guidelines (California Code of Regulations, Title 14, § 15000 et seq., hereafter the "Guidelines"), and the City's environmental guidelines; and
WHEREAS, this Resolution does not constitute a "project" for purposes of CEQA, as that term is defined by Guidelines § 15378, because this Resolution is an organizational or administrative activity that will not result in a direct or indirect physical change in the environment, per § 15378 (b) (5) of the Guidelines; and
WHEREAS, all the prerequisites with respect to the approval of this Resolution have been met.
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Successor Agency to the Community Redevelopment Agency of the City of Calexico, as follows:
Section 1. The foregoing recitals are true and correct and are a substantive part of this Resolution.
Section 2. The Successor Agency's ROPS 26-27 A and B, which is attached hereto as Exhibit "A", is approved, inclusive of each enforceable obligation.
Section 3. The amount requested for enforceable obligation No. 16, the Successor Agency's Administrative Cost Allowance, is consistent with the provisions of HSC § 34171 (b) and is thus considered fair and reasonable.
Section 4. The City Manager, in his capacity as the Executive Director of the Successor Agency, or designee, is authorized to: i) post that ROPS 26-27 A and B on the City's website, ii) transmit the ROPS 26-27 A and B to the State Department of Finance, the State Controller's Office and the County Auditor-Controller for their review within the timeframe and in the manner prescribed by the HSC; and ili) make ministerial revisions to ROPS 26-27 A and B, which may include, but are not limited to restating the information included within ROPS 26-27 A and B in any format that may be requested by the State Department of Finance, take such other actions and execute such other documents as are necessary to effectuate the intent of this Resolution, and to implement ROPS 26-27 A and B on behalf of the Successor Agency, including authorizing and causing such payments.
Section 5. This Resolution is not a "project" for purposes of CEQA, as that term is defined by Guidelines § 15378, because this Resolution is an organizational or administrative activity that will not result in a direct or indirect physical change in the environment, per § 15378 (b) (5) of the Guidelines.
Section 6. This Resolution shall take effect upon the date of its adoption.
PASSED, APPROVED AND ADOPTED this 21 day of January 2026.
Victor Legaspi, Chair
Successor Agency to the Community
Redevelopment Agency of the City of
Calexico
ATTEST:
Veronica L. Alvarado, Secretary to the
Successor Agency to the Community
Redevelopment Agency of the City of Calexico
APPROVED AS TO LEGAL FORM:
City Attorney
CERTIFICATION:
I, Veronica L. Alvarado, Secretary for the Successor Agency to the Community Redevelopment Agency of the City of Calexico, do hereby certify that the foregoing Resolution No. 2026-_-SA was duly adopted by the Successor Agency to the Community Redevelopment Agency of the City of Calexico at a meeting thereof held on the 21 day of January, 2026, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
Veronica L. Alvarado, Secretary to the
Successor Agency to the Community
Redevelopment Agency of the City of
Calexico
EXHIBIT "A"
SUCCESSOR AGENCY TO THE
COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF CALEXICO
RECOGNIZED OBLIGATION PAYMENT SCHEDULE 26-27 A and B
(JULY 2026 THROUGH JUNE 2027)
(See Attachment)
Recognized Obligation Payment Schedule (ROPS 26-27) - Summary Filed for the July 1, 2026 through June 30, 2027 Period Successor Agency: Calexico
County: Imperial
26-27A Total 26-27B Total
Current Period Requested Funding for Enforceable ROPS 26-27 (July - (January - Total
Obligations (ROPS Detail) December) June)
A Enforceable Obligations Funded as Follows (B+C+D) $ 2,418,301 $ 5,875 $ 2,424,176 B Bond Proceeds
C Reserve Balance 2,073,791 - 2,073,791
D Other Funds 344,510 5,875 350,385
E Redevelopment Property Tax Trust Fund (RPTTF) (F+G) 51,115 $ 2,249,546 $ 2,300,661 F RPTTF 27,000 2,249,546 2,276,546
G Administrative RPTTF 24,115 24,115
H Current Period Enforceable Obligations (A+E) $ 2,469,416 $ 2,255,421 $ 4,724,837 Certification of Oversight Board Chairman:
Name Title
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. Is/
Signature Date
Calexico
Recognized Obligation Payment Schedule (ROPS 26-27) - ROPS Detail July 1, 2026 through June 30, 2027
w A. > =
ROPS 26-27A (Jul - Dec) ROPS 26-27B (Jan - Jun)
Obligation Agreement Agreement Project Total ROPS Fund Sources 26-27A Fund Sources 26-27B Item Project Name Type Execution Termination Payee Description Area Outstanding Retired 26-27 Total Total Date Date Obligation Bond Reserve Other RPTTF Admin Bond [Reserve Other RPTTF Admin Proceeds Balance Funds RPTTF Proceeds Balance Funds RPTTE $11,591,000 S4,724,837 $-S2,073,791 $344,510$27,000$24,115 $2,469,416 $-55,875 52,249,546 S- $2,255,421 7 Securities Fees 02/221 02/01/2034 Bank of New Annual Merged 7,000 $7,000 7,000 $7,000 Servicing 2011 York, Mellon Securities Project
Trust Co., Servicing for
N.A. all TABS
9 Continuing Fees 06/30/ 02/01/2034 Kosmont Annual Merged 7,700 $7,700 7,700 $7,700 Disclosure 2004 Transactions Disclosure Project
Services, Services for
all TABS
16 Successor Admin 02/01/ 02/01/2034 City of Successor Merged 250,000 $250,000 225,885 - 24,115 $250,000 Agency Costs 2012 Calexico Agency Project
Administrative Administrative
Cost Allocation Cost
Allocation
2014 Refunding Refunding 11/18/ 08/01/2028 Bank of New Refunding of Merged 104,500 $80,500 34,000 $34,000 46,500 $46,500 TABs (Interest Bonds 2014 York, Mellon the 2003A Project Only)(Successor Issued After Trust Co., and 2003C
Agency Only) 6/27/12 N.A. TABs
Successor
interest Only)
11/18/ 08/01/2028 Bank of New Refunding of Merged 1,360,000 $880,000 430,000 $430,000 450,000 $450,000 2014 York, Mellon the 2003A Project
Reduction Issued After Trust Co., and 2003C
Only)(Successor 6/27/12 NA. TABS
Agency Only) Successor
Agency
Principal
Reduction
Only)
24 2014 Refunding Refunding 11/18/ 08/01/2028 Bank of New Refunding of Merged 26,375 z $14,500 8,625 $8,625 - 5,875 $5,875 TABS (CUSD Bonds 2014 York, Mellon the 2003A Project
Interest Only) Issued After Trust Co., and 2003C
6/27/12 N.A. TABS (CUSD
Interest Only)
25 2014 Refunding Refunding 08/01/2028 Bank of New Refunding of Merged 345,000 $110,000 110,000 $110.000 TABS (CUSD Bonds York, Mellon the 2003A Project
Principal Issued After Trust Co., and 2003C
Reduction Only) 6/27/12 NA. TABS (CUSD
Principal
Reduction
Only)
28 LRPMP Property 06/17/ 06/30/2027 Selected Customary Merged 20,000 $20,000 20,000 $20,000 Implementation Dispositions 2015 vendors for transaction Project Only)
(Principal
2011 TABs N.A.
2006 and Trust Co., (Principal Only) 12/31/10
Project York, Mellon the 2000, Refunding TABs Issued After 2020 - $1,525,000 - 1,525,000 - $1,480,000 1,480,000 $3,005,000 8,680,000 08/01/2033 Bank of New Refunding of Merged 01/221 Bonds 312020A Only)
(Interest
2011 TABs N.A.
2006 and Trust Co., 12/31/10 (Interest Only)
Project York, Mellon the 2000. Refunding TABs Issued After 2020 $220,346 220,346 $129,791 129,791 $350,137 790,425 Merged Bank of New Refunding of 08/01/2033 01/22/ Bonds 30 2020A LRPMP
property per fees, etc.
Legal, costs, to sale of real
costs related appraisals,
RPTTF Proceeds Balance Funds RPTTF RPTTF RPTTF Funds Balance Proceeds Admin Reserve Other Bond Admin Other Reserve Bond Total Obligation Date Date Total 26-27 Area Payee Execution Termination Type
26-27B Fund Sources 26-27A Fund Sources Description Project Outstanding Retired Obligation Agreement Agreement item Project Name ROPS Total
ROPS 26-27B (Jan - Jun) ROPS 26-27A (Jul - Dec)
S T a. z - I LL
Calexico
Recognized Obligation Payment Schedule (ROPS 26-27) - Report of Cash Balances July 1, 2023 through June 30, 2024
(Report Amounts in Whole Dollars)
Puring ture a avalase or Can paymen from property tax revenues pery tax by an enoreate obligation listed as a source of payment on the ROPS, but only to the exient no other Fund Sources
Bond Proceeds Reserve Balance Other Funds RPTTF
Prior ROPS
ROPS 23-24 Cash Balances RPTTF and Comments
(07/01/23 - 06/30/24) Bonds issued Bonds issued Reserve on or before on or after Balances retained
12/31/10 01/01/11
for future
period(s)
Beginning Available Cash Balance (Actual 07/01/23) 435,181 1,815,208 243,977 38,084 RPTTF amount should exclude "A" period distribution
amount.
Revenue/Income (Actual 06/30/24) 22,074 420,633 2,356,336 RPTTF amount should tie to the ROPS 23-24 total
distribution from the County Auditor-Controller
Expenditures for ROPS 23-24 Enforceable Obligations 51,219 1,815,208 199,569 431,171 (Actual 06/30/24)
Retention of Available Cash Balance (Actual 06/30/24) 406,036 239,156 1,885,075 RPTTF amount retained should only include the amounts
distributed as reserve for future period(s)
ROPS 23-24 RPTTF Prior Period Adjustment No entry required 78,174 RPTTF amount should tie to the Agency's ROPS 23-24 PPA
form submitted to the CAC
Ending Actual Available Cash Balance (06/30/24) $- $225,885 C to F = (1 + 2 - 3 - 4), G = (1+2-3-4- 5)
Calexico
Recognized Obligation Payment Schedule (ROPS 26-27) - Notes July 1, 2026 through June 30, 2027
Item # Notes/Comments
21 24
25 28
30 31