Agenda packet — Guadalupe City Council, January 11, 2022 (part 2 of 2)

Agenda Item No. 18

REPORT TO THE SUCCESSOR AGENCY TO THE

REDEVELOPMENT AGENCY OF THE CITY OF GUADALUPE
Agenda of January 11, 2022

_______________________________ ___________________________________ Prepared by: Approved by:

Cheryl Murase, Consultant to the Successor Agency Todd Bodem, City Administrator SUBJECT: Resolution of the Successor Agency to the Redevelopment Agency of the City of Guadalupe approving the Recognized Obligation Payment Schedule for the July 1, 2022 through June 30, 2023 Period
EXECUTIVE SUMMARY:

The Successor Agency to the Redevelopment Agency of the City of Guadalupe (the “Successor Agency”) was formed to administer the enforceable obligations and otherwise unwind the former affairs of the former Redevelopment Agency of the City of Guadalupe (the “Former Agency”), all subject to the review and approval by a seven-member Oversight Board. Until June 30, 2018, each successor agency had a local oversight board that served this purpose. As of July 1, 2018, all local oversight boards have been replaced by consolidated county-wide oversight boards as part of the streamlining and wind-down of redevelopment affairs.

Under Section 34171(h), a Recognized Obligation Payment Schedule (a “ROPS”) is "the document setting forth the minimum payment amounts and due dates of payments required by enforceable obligations for each fiscal year as provided in subdivision (o) of Section 34177." Under the mandatory dates in the Dissolution Law, the Successor Agency must submit a copy of the ROPS for fiscal year 2021-22 (the “ROPS 21-22”), after approval from the Oversight Board, to the County Administrative Officer (“CAO”), County Auditor-Controller (“CAC”), State Controller’s Office (“SCO”), and DOF by February 1, 2022.

The ROPS 22-23 contains many of the same enforceable obligations listed on the ROPS for fiscal year 2021-22. In addition, the Successor Agency is requesting funding for anticipated cost related to the remediation of the Al’s Union Property and the resulting appraisal, marketing, escrow and reconveyance cost for the sale of the Successor Agency’s property.

RECOMMENDATION:

That the Successor Agency Board adopt Resolution No. 2022-01 entitled “Resolution of the Successor Agency to the Redevelopment Agency of the City of Guadalupe Approving the Recognized Obligation Payment Schedule for the July 1, 2022 through June 30, 2023 period.” Cheryl Murase

Page 2 of 2 ends

DISCUSSION:

1.) The Successor Agency is requesting $188,872 to pay administrative expenses during the ROPS 22-23 period.

The Successor Agency intends to bring its ROPS 22-23 before the Oversight Board at its January 19, 2022 meeting. After obtaining the Oversight Board’s approval, Successor Agency staff will then transmit the ROPS 22-23 to the DOF, with copies to the CAO, CAC, and SCO.

Upon receipt of an oversight board-approved ROPS, DOF has 45 days to make its determination of the enforceable obligations, including amounts and funding sources. Within five business days of DOF’s determination, the Successor Agency may request additional review and an opportunity to meet and confer on disputed items. DOF has until 15 days prior to the date for property tax distribution to make its final decision after the meet and confer. The RPTTF distribution dates for the ROPS 22-23A period and 22-23B period are on or about June 1, 2022 and January 2, 2023, respectively.

ALTERNATIVE:

1. Direct the Executive Director to make modifications to the form of ROPS 22-23 and adopt the Resolution submitted herewith subject to such modifications.

FISCAL IMPACT:

The Successor Agency is limited to making payments reflected on an approved ROPS; therefore, approval of the ROPS by the Successor Agency, Oversight Board and DOF is essential to the continued operation of the Successor Agency and wind-down of the affairs of the Former Agency.

CONCLUSION:

Staff recommends that the Successor Agency Board adopt Resolution No. 2022-01.

ATTACHMENTS:
1) Successor Agency Resolution No. 2022-01 entitled “Resolution of the Successor Agency to the Redevelopment Agency of the City of Guadalupe Approving the Recognized Obligation Payment Schedule for the July 1, 2022 through June 30, 2023 period.” SUCCESSOR AGENCY RESOLUTION NO. 2022-01

RESOLUTION OF THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF

GUADALUPE APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE JULY 1, 2022 THROUGH JUNE 30, 2023 PERIOD
WHEREAS, the Successor Agency to the Redevelopment Agency of the City of Guadalupe (“Successor Agency”) has been established to take certain actions to wind down the affairs of the Redevelopment Agency of the City of Guadalupe in accordance with Section 34173 of the Health and Safety Code; and
WHEREAS, prior to July 1, 2018 under the Dissolution Law, in particular Sections 34179 and 34180, certain actions of the Successor Agency were subject to the review and approval by a local seven member oversight board, which oversaw and administered the Successor Agency’s activities during the period from dissolution until June 30, 2018; and WHEREAS, as of, on and after July 1, 2018 under the Dissolution Law, in particular Section 34179(j), in every California county there shall be only one oversight board that is staffed by the county auditor-controller, with certain exceptions that do not apply in the County of Santa Barbara; and
WHEREAS, as of, on and after July 1, 2018 the County of Santa Barbara through the Santa Barbara County Auditor Controller established the single Santa Barbara Countywide Oversight Board (the “Oversight Board”) in compliance with Section 34179(j), which serves as the oversight board to the 6 successor agencies existing and operating in Santa Barbara County, including the Successor Agency; and
WHEREAS, pursuant to Section 34171(h) of the Dissolution Act, a “Recognized Obligation Payment Schedule” means the document setting forth the minimum payment amounts and due dates of payments required by enforceable obligations for each annual fiscal period as provided in Section 34177(o) of the Dissolution Act; and
WHEREAS, pursuant to Section 34177(j) of the Dissolution Act, the Successor Agency is required to prepare and submit to the Oversight Board an “Administrative Budget” for each annual fiscal period corresponding to each Recognized Obligation Payment Schedule; and WHEREAS, pursuant to Section 34177(o) of the Dissolution Act, the Successor Agency must prepare, approve, and submit to the Oversight Board for approval its Recognized Obligation Payment Schedule (“ROPS”) for the period covering July 1, 2022 through June 30, 2023 (also referred to as “ROPS 22-23”); and
WHEREAS, the ROPS 22-23 sets forth and includes the Administrative Budget prepared by the Successor Agency for the period covering July 1, 2022 through June 30, 2023; and WHEREAS, the Successor Agency desires to approve the form of ROPS 22-23 in the form attached to this Resolution as Attachment No. 1 and incorporated herein by this reference; and ATTACHMENT 1
2 WHEREAS, following approval of ROPS 22-23 by the Successor Agency Board, pursuant to Section 34177, subdivisions (j) and (o), and Section 34180(g) of the Dissolution Act, Successor Agency staff shall submit ROPS 22-23 to the Oversight Board and DOF for approval.

NOW, THEREFORE, BE IT RESOLVED by the Successor Agency to the Redevelopment Agency of the City of Guadalupe, as follows:

Section 1. The foregoing recitals are incorporated into this resolution by this reference, and constitute a material part hereof.

Section 2. The Successor Agency Board hereby approves the ROPS 22-23 in the form attached to this Resolution as Attachment No. 1, and authorizes the Successor Agency Director to make such augmentation, modification, additions or revisions as he may deem appropriate.

Section 3. The Executive Director is further authorized and directed to transmit ROPS 20-21 to the Oversight Board, and upon approval thereof by the Oversight Board, the Executive Director is directed to transmit the approved ROPS 22-23 to the County Auditor-Controller, the State Controller’s Office, and the State Department of Finance, and to post the ROPS 22-23 on the City’s website.

Section 4. The Secretary on behalf of the Successor Agency Board shall certify to the adoption of this Resolution.

Section 5. This Resolution shall take effect upon the date of adoption.

THE FOREGOING RESOLUTION IS APPROVED AND ADOPTED BY THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF GUADALUPE THIS 11th DAY OF JANUARY 2022 BY THE FOLLOWING ROLL CALL VOTE:

AYES:

NOES:

ABSENT:

ABSTAIN:

SUCCESSOR AGENCY TO THE REDEVELOPMENT

AGENCY OF THE CITY OF GUADALUPE
Ariston Julian, CHAIR
ATTACHMENT NO. 1
(Attach ROPS)
6 months 6 months Annual
Payroll Base 17.5% 17.5%
City Administrator 137,500 199,375 34,891 34,891 69,782 Finance Director 100,832 146,206 25,586 25,586 51,172
Total Payroll 60,477 60,477 120,954
Successor Agency Counsel 6,000 6,000 12,000
City Attorney 3,000 3,000 6,000
Professional Services 12,500 12,500 25,000
Allocated Costs 7,459 7,459 14,918
Contingency 5,000 5,000 10,000
Total Projected Admin Fees for full year 94,436 94,436 188,872 Base
w/benefits
ROPS 22-23 July 1, 2022 - June 30, 2023
Administrative Expenses
Guadalupe Successor Agency
F:\ABX1 26 and ABX1 27 Analysis\Guadalupe\ROPS 22-23\Guadalupe Admin Costs ROPS 22-23 v3 12/21/2021
Recognized Obligation Payment Schedule (ROPS 22-23) - Summary Filed for the July 1, 2022 through June 30, 2023 Period Successor Agency: Guadalupe
County: Santa Barbara
Current Period Requested Funding for Enforceable
Obligations (ROPS Detail)
22-23A Total
(July -
December)
22-23B Total
(January -
June)
ROPS 22-23
Total
A Enforceable Obligations Funded as Follows (B+C+D) $ 294,534 $ 61,659 $ 356,193 B Bond Proceeds - - -
C Reserve Balance 294,534 61,659 356,193
D Other Funds - - -
E Redevelopment Property Tax Trust Fund (RPTTF) (F+G) $ 580,755 $ 113,111 $ 693,866 F RPTTF 486,319 18,675 504,994
G Administrative RPTTF 94,436 94,436 188,872
H Current Period Enforceable Obligations (A+E) $ 875,289 $ 174,770 $ 1,050,059 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. /s/
Signature Date
Guadalupe
Recognized Obligation Payment Schedule (ROPS 22-23) - ROPS Detail July 1, 2022 through June 30, 2023

A B C D E F G H I J K L M N O P Q R S T U V W
Item
# Project Name Obligation Type
Agreement
Execution
Date
Agreement
Termination
Date
Payee Description Project
Area
Total
Outstanding
Obligation
Retired
ROPS
22-23
Total
ROPS 22-23A (Jul - Dec)
22-23A
Total
ROPS 22-23B (Jan - Jun)
22-23B
Total
Fund Sources Fund Sources
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin RPTTF
Bond
Proceeds
Reserve
Balance
Other
Funds
RPTTF
Admin
RPTTF
$5,446,778 $1,050,059 $- $294,534 $- $486,319 $94,436 $875,289 $- $61,659 $- $18,675 $94,436 $174,770 2 Property
Investment
Third-Party
Loans
06/01/
2010
08/06/2020 Garcia,
Henry
Note
Payable/
amended -
Royal
Theatre -
Henry Garcia
Guadalupe - N $- - - - - - $- - - - - - $-
3 Royal Theater
Retrofit (848
Guadalupe St)
Professional
Services
10/01/
2006
06/01/2015 Accord
Design
Group
Disposition of
Agency
Property (848
Guadalupe
St)
Guadalupe - N $- - - - - - $- - - - - - $-
4 Royal Theater
Retrofit
Professional
Services
10/01/
2006
06/30/2013 Accord
Engineering
Disposition of
Agency
Property (848
Guadalupe
St)
Guadalupe - N $- - - - - - $- - - - - - $-
5 Al's Union Site
Remediation
(Polanco Act)
Professional
Services
06/01/
2008
06/30/2013 City of
Guadalupe
Disposition of
Agency
Property (995
Guadalupe
St)
Guadalupe - N $- - - - - - $- - - - - - $-
6 Al's Union
Environmental
Consulting
(Polanco Act)
Professional
Services
06/01/
2008
06/30/2015 DMI EMK Disposition of
Agency
Property (995
Guadalupe
St)
Guadalupe - N $- - - - - - $- - - - - - $-
7 Due to other
funds
SERAF/
ERAF
07/01/
2009
06/30/2019 LMIHF Repayment
for SERAF
(2010)
Guadalupe - N $- - - - - - $- - - - - - $-
8 Due to other
funds
SERAF/
ERAF
07/01/
2010
06/30/2019 LMIHF Repayment
for SERAF
(2011)
Guadalupe - N $- - - - - - $- - - - - - $-
9 Due to other
funds
City/County
Loan (Prior
06/28/11),
Other
07/01/
1992
06/30/2019 LMIHF Housing
deferral
Payment
Guadalupe - N $- - - - - - $- - - - - - $-
10 Property
Management
Property
Dispositions
07/01/
2022
06/30/2023 City of
Guadalupe
Disposition of
Agency
Guadalupe 20,000 N $20,000 - - - 10,000 - $10,000 - - - 10,000 - $10,000

A B C D E F G H I J K L M N O P Q R S T U V W
Item
# Project Name Obligation Type
Agreement
Execution
Date
Agreement
Termination
Date
Payee Description Project
Area
Total
Outstanding
Obligation
Retired
ROPS
22-23
Total
ROPS 22-23A (Jul - Dec)
22-23A
Total
ROPS 22-23B (Jan - Jun)
22-23B
Total
Fund Sources Fund Sources
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin RPTTF
Bond
Proceeds
Reserve
Balance
Other
Funds
RPTTF
Admin
RPTTF
& Mtce Property
11 Planning
Services -
Ppty
Disposition
Property
Dispositions
06/30/
2012
06/30/2012 Rincon
Consultants
Disposition of
Agency
Property
Guadalupe - N $- - - - - - $- - - - - - $-
12 Building &
Inspection
Services
Property
Dispositions
06/30/
2012
06/30/2012 JAS Pacific Disposition of
Agency
Property
Guadalupe - N $- - - - - - $- - - - - - $-
13 Supplies;
Utilities;
Insurance
Property
Maintenance
06/30/
2012
06/30/2012 City of
Guadalupe
Property
owed by RDA
Guadalupe - N $- - - - - - $- - - - - - $-
14 Lantern Hotel Property
Dispositions
06/30/
2012
06/30/2012 LMIHF Disposition of
Agency
Property
Guadalupe - N $- - - - - - $- - - - - - $-
15 Auditor
Review
(Section
34179.5)
Dissolution
Audits
06/30/
2010
06/30/2012 Glenn
Burdette
Review
Unobligated
Balances
Guadalupe - N $- - - - - - $- - - - - - $-
16 Due to other
funds
City/County
Loan (Prior
06/28/11),
Other
04/01/
2009
06/30/2019 LMIHF Repayment
for Lantern
Loan Capital
Project
Guadalupe - N $- - - - - - $- - - - - - $-
17 Housing
Project - Ppty
Purchase
Property
Dispositions
06/30/
2006
06/30/2012 Title
Company/
Habitat for
Humanity
Affordable
Housing
Project
Guadalupe - N $- - - - - - $- - - - - - $-
18 Housing
Project - Build
Housing
Property
Dispositions
06/30/
2006
06/30/2012 Developer/
Contractors
Affordable
Hsg: 2
parcels
purchased in
2007
Guadalupe - N $- - - - - - $- - - - - - $-
19 Housing
Project -
Rehab Ppty
Property
Dispositions
06/30/
2006
06/30/2012 Various
Contractors
Rehabilitate
Existing
Property
Guadalupe - N $- - - - - - $- - - - - - $-
20 American
Legion Hall
Retrofit (1025
Guadalupe St)
Improvement/
Infrastructure
10/01/
2006
06/01/2015 Various
Contractors
Retrofit
Program
Guadalupe - N $- - - - - - $- - - - - - $-
21 Auditor
Review
(Section
34179.5)
Dissolution
Audits
06/30/
2010
06/30/2012 Glenn
Burdette
Review
Unobligated
Balances
Guadalupe - N $- - - - - - $- - - - - - $-
22 URM - Improvement/ 10/01/ 06/01/2014 Various URM Grant Guadalupe - N $- - - - - - $- - - - - - $-

ROPS II
Admin Costs 06/30/
2011
06/30/2012 Successor
Agency
ADMIN
(amount not
funded on

ROPS II)
Guadalupe - N $- - - - - - $- - - - - - $-
25 Property -
Lantern Hotel
Property
Dispositions
06/30/
2012
06/30/2012 City of
Guadalupe
Disposition of
Agency
Property
Guadalupe - N $- - - - - - $- - - - - - $-
26 Property
Maint-Lantern
& Royal
Property
Maintenance
06/30/
2012
06/30/2012 City of
Guadalupe
Management
&
Maintenance
- N $- - - - - - $- - - - - - $-
27 Remaining
Property
Property
Dispositions
10/01/
2006
06/01/2015 City of
Guadalupe
Disposition of
Agency
Property
- N $- - - - - - $- - - - - - $-
28 2017 Tax
Allocation Ref.

Bonds
Refunding
Bonds Issued
After 6/27/12
11/29/
2017
08/01/2035 U.S. Bank Tax
Allocation
Bonds to
refund 2003
Bonds
5,060,956 N $719,512 - 294,534 - 363,319 - $657,853 - 61,659 - - - $61,659 29 Reserve for
future bond
debt service,
per 2017
Indenture
Reserves 11/29/
2017
08/01/2035 U.S. Bank Reserve for
future bond
debt service
per 2017
Trust
Indenture
- N $- - - - - - $- - - - - - $-
30 Continuing
Disclosure
Services
Refunding
Bonds Issued
After 6/27/12
01/31/
2018
08/01/2035 HDL Coren
& Cone
Continuing
disclosure,
dissemination
agent
16,450 N $1,175 - - - - - $- - - - 1,175 - $1,175
31 Annual
Trustee Costs
Refunding
Bonds Issued
After 6/27/12
11/29/
2017
08/01/1935 U.S. Bank Annual
Trustee
Costs
42,500 N $2,500 - - - 2,500 - $2,500 - - - - - $-
32 Appraisal cost
for LRPMP
Property
Dispositions
07/01/
2022
06/30/2023 Apppraiser/
Consultant
Appraisal Guadalupe
Project
Area
3,000 N $3,000 - - - 3,000 - $3,000 - - - - - $-
33 Reconveyance
Costs
Property
Dispositions
07/01/
2022
06/30/2023 Various
Contractors
Marketing
Cost, Title
Insurance,
Guadalupe
Project
Area
15,000 N $15,000 - - - 7,500 - $7,500 - - - 7,500 - $7,500

Guadalupe City CouncilJanuary 11, 2022

Guadalupe City Council
January 11, 2022