LINDSAY SUCCESSOR AGENCY
MEETING AGENDA
City Hall, 251 E. Honolulu St., Lindsay, CA 93247
1 of 2
Notice is hereby given that the Lindsay Successor Agency will hold a Meeting on January 24, 2023, at 5:55 PM in person and via webinar. The webinar address for members of the public is https://zoom.us/j/99279557087.
Persons with disabilities who may need assistance should contact the City Clerk at least 24 hours prior to the meeting at (559) 562-7102 ext. 8034 or via email at [email protected].
1. CALL TO ORDER
2. ROLL CALL
3. PUBLIC COMMENT
The public is invited to comment on any subject under the jurisdiction of the Lindsay Successor Agency.
Please note that speakers that wish to comment on a Regular Item or Public Hearing on tonight’s agenda will have an opportunity to speak when public comment for that item is requested by the Mayor. Comments shall be limited to three (3) minutes per person, with thirty (30) minutes for the total comment period, unless otherwise indicated by the Mayor. The public may also choose to submit a comment before the meeting via email. Public comments received via email will be distributed to the Successor Agency prior to the start of the meeting and incorporated into the official minutes; however, they will not be read aloud. Under state law, matters presented under public comment cannot be acted upon by the Successor Agency at this time.
4. CONSENT CALENDAR
Routine items approved in one motion unless an item is pulled for discussion.
4.1 Minutes from July 26, 2022 City of Lindsay Successor Agency Meeting (pp. 3 – 4)
4.2 Consider Minute Order Approval of Resolution SA23-01, A Resolution of the City Council of the City of Lindsay Approving and Adopting the Recognized Obligation Payment Schedule (ROPS) for July 1, 2023 through June 30, 2024 (pp. 5 – 12)
4.3 Consider Minute Order Approval of Resolution SA23-02, A Resolution of the City Council of the City of Lindsay Approving the Last and Final Recognized Obligation Payment Schedule (ROPS) and Authorizing the City Manager, Director of Finance, or their Designee to Present the Last and Final ROPS to the County of Tulare Oversight Board and Execute Any Documents Thereto (pp. 13 – 23)
January 24, 2023 Lindsay Successor Agency Meeting
2 of 2
5. ADJOURNMENT
Materials related to an Agenda item submitted to the legislative body after distribution of the Agenda Packet are available for public inspection in the office of the City Clerk during normal business hours. Complete agenda is available at www.lindsay.ca.us. In compliance with the Americans with Disabilities Act & Ralph M. Brown Act, if you need special assistance to participate in this meeting, or to be able to access this agenda and documents in the agenda packet, please contact the office of the City Clerk at (559) 562-7102 x 8034. Notification prior to the meeting will enable the City to ensure accessibility to this meeting and/or provision of an alternative format of the agenda and documents in the agenda packet.
January 24, 2023 Lindsay Successor Agency Meeting
LINDSAY SUCCESSOR AGENCY
MEETING AGENDA
MINUTES
City Hall, 251 E. Honolulu St., Lindsay, CA 93247
Notice is hereby given that the Lindsay City Council will hold a Meeting on July 26, 2022, at 5:55 PM in person and via webinar. The webinar address for members of the public is https://zoom.us/j/99279557087.
Persons with disabilities who may need assistance should contact the City Clerk at least 24 hours prior to the meeting at (559) 562-7102 ext. 8034 or via email at [email protected].
1. CALL TO ORDER
2. ROLL CALL
Present Council Member Serna
Mayor Pro Tem Cerros
Mayor Caudillo
Council Member Flores
Council Member Sanchez
Absent N/A
3. PUBLIC COMMENT
The public is invited to comment on any subject under the jurisdiction of the Lindsay Successor Agency.
Please note that speakers that wish to comment on a Regular Item or Public Hearing on tonight’s agenda will have an opportunity to speak when public comment for that item is requested by the Mayor. Comments shall be limited to three (3) minutes per person, with thirty (30) minutes for the total comment period, unless otherwise indicated by the Mayor. The public may also choose to submit a comment before the meeting via email. Public comments received via email will be distributed to the Successor Agency prior to the start of the meeting and incorporated into the official minutes; however, they will not be read aloud. Under state law, matters presented under public comment cannot be acted upon by the Successor Agency at this time. • No public comment received via teleconference or in-person.
4. CONSENT CALENDAR
Routine items approved in one motion unless an item is pulled for discussion.
4.1 Consider Minute Order Authorization of Written Certification of Pledged Tax Revenues in Accordance with the Bond Covenants of the Successor Agency to the Lindsay Redevelopment Agency Tax Allocation Refunding Bonds, Issue of 2015 (pp. 3 – 4) January 24, 2023 Lindsay Successor Agency Meeting
2 of 2
Motion to Approve Consent Calendar
1st 2nd Result SERNA FLORES CAUDILLO CERROS SANCHEZ
CAUDILLO FLORES (5-0) AYE AYE AYE AYE AYE
5. ADJOURNMENT
Lindsay Successor Agency meetings are held in the City Council Chambers at 251 E. Honolulu Street in Lindsay, California beginning at 5:55 P.M. on an as-needed basis. Materials related to an Agenda item submitted to the legislative body after distribution of the Agenda Packet are available for public inspection in the office of the City Clerk during normal business hours. Complete agenda is available at www.lindsay.ca.us. In compliance with the Americans with Disabilities Act & Ralph M. Brown Act, if you need special assistance to participate in this meeting, or to be able to access this agenda and documents in the agenda packet, please contact the office of the City Clerk at (559) 562-7102 x 8034. Notification 48 hours prior to the meeting will enable the City to ensure accessibility to this meeting and/or provision of an alternative format of the agenda and documents in the agenda packet.
January 24, 2023 Lindsay Successor Agency Meeting
A RESOLUTION OF THE SUCCESSOR
AGENCY OF THE CITY OF LINDSAY
RESOLUTION NO. SA23-01
NUMBER SA23-01
TITLE A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LINDSAY
APPROVING AND ADOPTING THE RECOGNIZED OBLIGATION
PAYMENT SCHEDULE (ROPS) FOR JULY 1, 2023, THROUGH JUNE 30, 2024
MEETING At a regularly scheduled meeting of the Lindsay Successor Agency held on January 24, 2023, at 5:55 PM at 251 E. Honolulu Street, Lindsay, CA 93247 WHEREAS, Health & Safety Code Section (HSC) 34177 (o) (1) requires Successor Agencies to make payments due for enforceable obligations incurred by the Dissolved Redevelopment Agencies.
This is accomplished through the annual payment schedules (ROPS) which must be approved by the Successor Agency and then the Oversight Board and submitted to the Department of Finance by February 1, 2023; and
WHEREAS, the Successor Agency’s total outstanding debt/obligations and the request for FY 2023- 2024 are as follows:
Description / Project Scope Total Outstanding Debt
or Obligation ROPS 23-24 Total
Total $13,409,336 $891,581
Annual Bond Administrative Fees $2,200 $2,200
Annual Bond Disclosure Fees $1,900 $1,900
Staffing costs, supplies, audit fees $10,000 $10,000
Refund Bonds – 2005, 2007, 2008 $13,173,836 $877,481
NOW, THEREFORE, THE CITY OF LINDSAY IN ITS CAPACITY AS SUCCESSOR AGENCY DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. Approve the ROPS 2023-2024 and direct the Board’s Secretary to present the ROPS 2023-2024 at the January 13, 2023, Oversight Board Meeting.
SECTION 2. This resolution shall be effective immediately upon its approval and adoption.
SECTION 3. The Chairman, or presiding officer, is hereby authorized to affix her/his signature to the Resolution signifying its adoption by the City Council to the City of Lindsay, and the City Clerk, or their appointed deputy, is directed to attest thereto.
January 24, 2023 Lindsay Successor Agency Meeting
A RESOLUTION OF THE SUCCESSOR
AGENCY OF THE CITY OF LINDSAY
RESOLUTION NO. SA23-01
PASSED AND ADOPTED by the City Council of the City of Lindsay as follows:
MEETING DATE January 24, 2023
MOTION
SECOND MOTION
AYES
ABSENT
ABSTAIN
NAYS
CERTIFICATION OF THE FOREGOING RESOLUTION AS FULL, TRUE, PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF LINDSAY AS DETAILED.
FRANCESCA QUINTANA HIPOLITO A. CERROS
CITY CLERK MAYOR
January 24, 2023 Lindsay Successor Agency Meeting
January 24, 2023 Lindsay Successor Agency Meeting
January 24, 2023 Lindsay Successor Agency Meeting
Recognized Obligation Payment Schedule (ROPS 23-24) - Summary Filed for the July 1, 2023 through June 30, 2024 Period Successor Agency: Lindsay
County: Tulare
Current Period Requested Funding for Enforceable
Obligations (ROPS Detail)
23-24A Total
(July -
December)
23-24B Total
(January -
June)
ROPS 23-24
Total
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) $ 692,303 $ 199,278 $ 891,581 F RPTTF 687,303 194,278 881,581
G Administrative RPTTF 5,000 5,000 10,000
H Current Period Enforceable Obligations (A+E) $ 692,303 $ 199,278 $ 891,581 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
January 24, 2023 Lindsay Successor Agency Meeting
Lindsay
Recognized Obligation Payment Schedule (ROPS 23-24) - ROPS Detail July 1, 2023 through June 30, 2024
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
23-24
Total
ROPS 23-24A (Jul - Dec)
23-24A
Total
ROPS 23-24B (Jan - Jun)
23-24B
Total
Fund Sources Fund Sources
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
Bond
Proceeds
Reserve
Balance
Other
Funds
RPTTF
Admin
RPTTF
$891,581 $891,581 $- $- $- $687,303 $5,000 $692,303 $- $- $- $194,278 $5,000 $199,278 5 Bond
Administration
Fees 08/01/
2005
08/01/2038 US
BANK
Annual Bond
Administration
Fees
No.
One
2,200 N $2,200 - - - - - $- - - - 2,200 - $2,200
6 Professional
Services -
Bond
Disclosure
Fees 08/01/
2005
08/01/2038 Urban
Futures
Annual Bond
Disclosure Fee
No.
One
1,900 N $1,900 - - - - - $- - - - 1,900 - $1,900
13 Successor
Agency
Administration
Costs - Audit
Admin
Costs
02/01/
2012
08/01/2038 City of
Lindsay
Staffing, Supplies,
Oversight Board,
Audit Fees
No.
One
10,000 N $10,000 - - - - 5,000 $5,000 - - - - 5,000 $5,000 18 Tax Allocation
Refunding
Bond 2015
Bonds
Issued
After 12/
31/10
06/12/
2015
08/01/2037 US
BANK
Bonds to fund
housing & nonhousing projects -
Refund
2005,2007,2008
No.
One
877,481 N $877,481 - - - 687,303 - $687,303 - - - 190,178 - $190,178 January 24, 2023 Lindsay Successor Agency Meeting
Lindsay
Recognized Obligation Payment Schedule (ROPS 23-24) - Report of Cash Balances July 1, 2020 through June 30, 2021
(Report Amounts in Whole Dollars)
Pursuant to Health and Safety Code section 34177 (l), Redevelopment Property Tax Trust Fund (RPTTF) may be listed as a source of payment on the ROPS, but only to the extent no other funding source is available or when payment from property tax revenues is required by an enforceable obligation.
A B C D E F G H
ROPS 20-21 Cash Balances
(07/01/20 - 06/30/21)
Fund Sources
Comments
Bond Proceeds Reserve Balance Other Funds RPTTF
Bonds issued
on or before
12/31/10
Bonds issued
on or after
01/01/11
Prior ROPS
RPTTF and
Reserve
Balances retained
for future
period(s)
Rent, grants,
interest, etc.
Non-Admin
and Admin
1 Beginning Available Cash Balance (Actual 07/01/20)
RPTTF amount should exclude "A" period distribution
amount.
- -
2 Revenue/Income (Actual 06/30/21)
RPTTF amount should tie to the ROPS 20-21 total
distribution from the County Auditor-Controller
369 1,476,509
3 Expenditures for ROPS 20-21 Enforceable Obligations
(Actual 06/30/21)
1,470,284
4 Retention of Available Cash Balance (Actual 06/30/21) RPTTF amount retained should only include the amounts
distributed as reserve for future period(s)
6,225
5 ROPS 20-21 RPTTF Prior Period Adjustment
RPTTF amount should tie to the Agency's ROPS 20-21 PPA
form submitted to the CAC
No entry required
6 Ending Actual Available Cash Balance (06/30/21)
C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5)
$- $- $- $369 $-
January 24, 2023 Lindsay Successor Agency Meeting
Lindsay
Recognized Obligation Payment Schedule (ROPS 23-24) - Notes July 1, 2023 through June 30, 2024
Item # Notes/Comments
5 6
13 18
January 24, 2023 Lindsay Successor Agency Meeting
STAFF REPORT
TO: Lindsay Successor Agency Board
FROM: Juana Espinoza, Finance Director
DEPARTMENT:
ITEM NO.:
Finance Department
4.3 MEETING DATE: January 24, 2023
ACTION & RECOMMENDATION
Minute Order Approval of Resolution SA23-02, A Resolution of the Successor Agency of the City of Lindsay Approving the Last and Final Recognized Obligation Payment Schedule (ROPS) and Authorizing the City Manager, Director of Finance, or their Designee to Present the Last and Final ROPS to the County of Tulare Oversight Board and Execute Any Documents Thereto.
BACKGROUND | ANALYSIS
The Successor Agency to the City of Lindsay Redevelopment Agency must submit a Recognized Obligation Payment Schedule (ROPS) to the Tulare County Oversight Board for approval prior to submission to the California State Department of Finance (DOF). The Successor Agency has participated in this process since the dissolution of the of the redevelopment in 2012.
After all agency obligations as set forth on the ROPS have been accepted as enforceable obligations by the DOF, a Successor Agency is permitted to submit a Last and Final ROPS, covering all periods until all obligations are retired. Upon approval by the DOF, the Last and Final ROPS shall establish the maximum amount of Redevelopment Property Tax Trust Funds (RPTTF) to be distributed to the Successor Agency for each remaining fiscal year until all obligations have been fully paid.
This ROPS is presented for approval before the Lindsay Successor Agency and is designated as being the Last and Final ROPS, covering the period from July 1, 2024, to December 31, 2039. This Last and Final ROPS can be submitted at any time, and DOF has 100 days within which to approve or disapprove the request. If the Last and Final ROPS is approved less than 15 days before the date of the property tax distribution, it shall not be effective until the subsequent RPTTF distribution period.
The Last and Final ROPS was scheduled for review and adoption during the regular meeting of the County Oversight Board held on January 13, 2023.
January 24, 2023 Lindsay Successor Agency Meeting
STAFF REPORT
FISCAL IMPACT
Adoption of the Resolution, subject to timely approval by DOF, will authorize the Successor Agency to the City of Lindsay to receive RPTTF for payment of Successor Agency obligations for each remaining fiscal year until all approved enforceable obligations have been fully paid.
ATTACHMENTS
• FY 24-39 ROPS
• Resolution No. SA23-02 with Exhibit A – Schedule of Repayment Obligations of the Lindsay Successor Agency
January 24, 2023 Lindsay Successor Agency Meeting
January 24, 2023 Lindsay Successor Agency Meeting
January 24, 2023 Lindsay Successor Agency Meeting
A RESOLUTION OF THE SUCCESSOR
AGENCY OF THE CITY OF LINDSAY
RESOLUTION NO. SA23-02
NUMBER SA23-02
TITLE A RESOLUTION OF THE SUCCESSOR AGENCY OF THE CITY OF
LINDSAY APPROVING THE LAST AND FINAL RECOGNIZED
OBLIGATION PAYMENT SCHEDULE (ROPS) AND AUTHORIZING
THE CITY MANAGER, DIRECTOR OF FINANCE, OR THEIR DESIGNEE
TO PRESENT THE LAST AND FINAL ROPS TO THE COUNTY OF
TULARE OVERSIGHT BOARD AND EXECUTE ANY DOCUMENTS
THERETO
MEETING At a regularly scheduled meeting of the Lindsay Successor Agency held on January 24, 2023, at 5:55 PM at 251 E. Honolulu Street, Lindsay, CA 93247 WHEREAS, consistent with Health and Safety Code section 34173(d), the City of Lindsay elected to become the Successor Agency to the dissolved City of Lindsay Redevelopment Agency, a public body organized and existing under the California Community Redevelopment Law; and WHEREAS, Assembly Bill 1484, Chaptered on June 27, 2012, as amended, requires that successor agencies to former Redevelopment Agencies review, approve, and forward Recognized Obligation Payment Schedules (“ROPS”) to the County Oversight Board; and WHEREAS, pursuant to Health and Safety Code (“HSC”) Section 3419.6(a), the City of Lindsay as Successor Agency may submit a Last and Final Recognized Obligations Payment Schedule for approval by the County Oversight Board subject to final review by the Department of Finance (“DOF”) if the conditions prescribed by that section have been met; and WHEREAS, the Successor Agency to the City of Lindsay meets all of the conditions of health and safety code section 34191.6 and has prepared its Last and Final ROPS covering the period from July 1, 2024, up to and including December 31, 2039, and prepared in accordance with the Dissolution Act and the format made available by DOF, a copy of which is attached hereto as Exhibit A to this Resolution; and
WHEREAS, HSC section 34191.6 (b) (2) requires that the last and final ROPS shall include the total outstanding obligation and a schedule of remaining payments for each enforceable obligation; and
WHEREAS, the DOF shall have 100 days to review the last and final ROPS and may make any amendments or changes agreed to by the successor agency in writing. Once approved by DOF, the last and final ROPS shall become effective on the first day of the subsequent Redevelopment Property Tax Trust Fund (“RPTTF”) distribution period. If the last and final ROPS is approved less than 15 days before the date of the property tax distribution, it shall not be effective until the subsequent RPTTF distribution period.
January 24, 2023 Lindsay Successor Agency Meeting
A RESOLUTION OF THE SUCCESSOR
AGENCY OF THE CITY OF LINDSAY
RESOLUTION NO. SA23-02
NOW, THEREFORE, THE CITY OF LINDSAY IN ITS CAPACITY AS SUCCESSOR AGENCY DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. The foregoing recitals are true and correct and are incorporated herein.
SECTION 2. The ROPS attached hereto and incorporated herein by reference as Exhibit A is hereby received and adopted pursuant to Health and Safety Code Section 34196.6(a).
SECTION 3. The City Manager, Director of Finance, or their Designee is hereby directed to provide notice of adoption of the ROPS by the Successor Agency to the County Auditor-Controller, the State Controller, and the Department of Finance and Oversight Board.
SECTION 4. The City Manager, Director of Finance, or their Designee is hereby directed to amend and resubmit the ROPS by the Successor Agency to the County AuditorController, the State Controller, and the Department of Finance and Oversight Board, as needed, to reflect the most current financial and operational interpretations and conditions as provided by the State Department of Finance, State Controller’s Office, Tulare County Auditor-Controller/Treasurer/Tax Collector, and the City of Lindsay legal counsel.
SECTION 5. This resolution shall be effective immediately upon its approval and adoption.
SECTION 6. The Chairman, or presiding officer, is hereby authorized to affix her/his signature to this Resolution signifying its adoption by the Lindsay Successor Agency to the City of Lindsay, and the City Clerk, or their appointed deputy, is directed to attest thereto.
January 24, 2023 Lindsay Successor Agency Meeting
A RESOLUTION OF THE SUCCESSOR
AGENCY OF THE CITY OF LINDSAY
RESOLUTION NO. SA23-02
PASSED AND ADOPTED by the Successor Agency of the City of Lindsay as follows:
MEETING DATE January 24, 2023
MOTION
SECOND MOTION
AYES
ABSENT
ABSTAIN
NAYS
CERTIFICATION OF THE FOREGOING RESOLUTION AS FULL, TRUE, PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF LINDSAY AS DETAILED.
FRANCESCA QUINTANA HIPOLITO A. CERROS
CITY CLERK MAYOR
January 24, 2023 Lindsay Successor Agency Meeting
Last and Final Recognized Obligation Payment Schedule (ROPS) - Summary Filed for the July 1, 2023 through June 30, 2039 Period Successor Agency: Lindsay
County: Tulare
Initial ROPS
Period:
23-24A
Final ROPS Period: 38-39B
Requested Funding for Enforceable Obligations Total Outstanding Obligation A Enforceable Obligations Funded as Follows (B+C) $-
B Bond Proceeds -
C Other Funds -
D Redevelopment Property Tax Trust Fund (RPTTF) (E+F) $13,409,336 E RPTTF 13,247,336
F Administrative RPTTF 162,000
G Total Outstanding Obligations (A+D) $13,409,336
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
January 24, 2023 Lindsay Successor Agency Meeting
A Period
July - December
ROPS Period
Fund Sources
Six-Month
Bond Total
Proceeds
Other
Funds RPTTF Admin
RPTTF
$- $- $11,712,007 $81,000 $11,793,007
ROPS 23-24A - - - - $-
ROPS 24-25A - - 700,178 5,000 $705,178
ROPS 25-26A - - 712,428 5,150 $717,578
ROPS 26-27A - - 729,053 5,150 $734,203
ROPS 27-28A - - 740,578 5,150 $745,728
ROPS 28-29A - - 741,438 5,300 $746,738
ROPS 29-30A - - 751,769 5,300 $757,069
ROPS 30-31A - - 766,775 5,300 $772,075
ROPS 31-32A - - 775,575 5,450 $781,025
ROPS 32-33A - - 784,025 5,450 $789,475
ROPS 33-34A - - 801,700 5,450 $807,150
ROPS 34-35A - - 808,388 5,600 $813,988
ROPS 35-36A - - 824,700 5,600 $830,300
ROPS 36-37A - - 839,500 5,600 $845,100
ROPS 37-38A - - 858,700 5,750 $864,450
ROPS 38-39A - - 877,200 5,750 $882,950
B Period
January - June
Twelve-Month
Total
ROPS Period
Fund Sources
Six-Month
Bond Total
Proceeds
Other
Funds RPTTF Admin
RPTTF
$- $- $1,535,329 $81,000 $1,616,329 $13,409,336
ROPS 23-24B - - - - $- $-
ROPS 24-25B - - 181,528 5,000 $186,528 $891,706
ROPS 25-26B - - 168,453 5,150 $173,603 $891,181
ROPS 26-27B - - 159,978 5,150 $165,128 $899,331
ROPS 27-28B - - 150,838 5,150 $155,988 $901,716
ROPS 28-29B - - 141,469 5,300 $146,769 $893,507
ROPS 29-30B - - 131,475 5,300 $136,775 $893,844
ROPS 30-31B - - 120,275 5,300 $125,575 $897,650
ROPS 31-32B - - 109,025 5,450 $114,475 $895,500
ROPS 32-33B - - 96,700 5,450 $102,150 $891,625
ROPS 33-34B - - 83,388 5,450 $88,838 $895,988
ROPS 34-35B - - 70,000 5,600 $75,600 $889,588
ROPS 35-36B - - 54,800 5,600 $60,400 $890,700
ROPS 36-37B - - 39,000 5,600 $44,600 $889,700
ROPS 37-38B - - 22,800 5,750 $28,550 $893,000
ROPS 38-39B - - 5,600 5,750 $11,350 $894,300
Lindsay
Last and Final Recognized Obligation Payment Schedule (ROPS) - Summary by ROPS Period July 1, 2023 through June 30, 2039
January 24, 2023 Lindsay Successor Agency Meeting
A
Item
#
5 6
13 18
T U
24-25A (Jul-Dec)
RPTTF Admin
RPTTF
$700,178 $5,000
- -
- -
- -
700,178 -
X Y
24-25B (Jan-Jun)
RPTTF Admin
RPTTF
$181,528 $5,000
2,200 -
1,900 -
- -
177,428 -
AB AC
25-26A (Jul-Dec)
RPTTF Admin
RPTTF
$712,428 $5,150
- -
- -
- -
712,428 -
AF AG
25-26B (Jan-Jun)
RPTTF Admin
RPTTF
$168,453 $5,150
2,400 -
2,000 -
- -
164,053 -
AJ AK
26-27A (Jul-Dec)
RPTTF Admin
RPTTF
$729,053 $5,150
- -
- -
- -
729,053 -
AN AO
26-27B (Jan-Jun)
RPTTF Admin
RPTTF
$159,978 $5,150
2,400 -
2,000 -
- -
155,578 -
AR AS
27-28A (Jul-Dec)
RPTTF Admin
RPTTF
$740,578 $5,150
- -
- -
- -
740,578 -
AV AW
27-28B (Jan-Jun)
RPTTF Admin
RPTTF
$150,838 $5,150
2,400 -
2,000 -
- -
146,438 -
AZ BA
28-29A (Jul-Dec)
RPTTF
Admin
RPTTF
$741,438 $5,300
- -
- -
- -
741,438 -
Lindsay
Last and Final Recognized Obligation Payment Schedule (ROPS) - ROPS Detail July 1, 2023 through June 30, 2039
(Report Amounts in Whole Dollars)
A B C D E F G H I
Item
# Project Name Obligation Type
Agreement
Execution
Date
Agreement
Termination
Date
Payee Description
Project
Area
Total Outstaning
Obligation
$13,409,336
5 Bond Administration Fees 08/01/2005 08/01/2038 US BANK Annual Bond Administration Fees No. One 41,000 6 Professional Services - Bond Disclosure Fees 08/01/2005 08/01/2038 Urban Futures
Annual Bond Disclosure Fee No. One 32,500
13 Successor Agency Administration Costs -
Audit
Admin Costs 02/01/2012 08/01/2038 City of
Lindsay
Staffing, Supplies, Oversight Board, Audit Fees No. One 162,000 18 Tax Allocation Refunding Bond 2015 Bonds Issued After 12/31/ 10 06/12/2015 08/01/2037 US BANK Bonds to fund housing & non-housing projects - Refund 2005,2007,2008
No. One 13,173,836
January 24, 2023 Lindsay Successor Agency Meeting
A
Item
#
5 6
13 18
BD BE
28-29B (Jan-Jun)
RPTTF Admin
RPTTF
$141,469 $5,300
2,600 -
2,100 -
- -
136,769 -
BH BI
29-30A (Jul-Dec)
RPTTF Admin
RPTTF
$751,769 $5,300
- -
- -
- -
751,769 -
BL BM
29-30B (Jan-Jun)
RPTTF Admin
RPTTF
$131,475 $5,300
2,600 -
2,100 -
- -
126,775 -
BP BQ
30-31A (Jul-Dec)
RPTTF Admin
RPTTF
$766,775 $5,300
- -
- -
- -
766,775 -
BT BU
30-31B (Jan-Jun)
RPTTF Admin
RPTTF
$120,275 $5,300
2,600 -
2,100 -
- -
115,575 -
BX BY
31-32A (Jul-Dec)
RPTTF Admin
RPTTF
$775,575 $5,450
- -
- -
- -
775,575 -
CB CC
31-32B (Jan-Jun)
RPTTF Admin
RPTTF
$109,025 $5,450
2,800 -
2,200 -
- -
104,025 -
CF CG
32-33A (Jul-Dec)
RPTTF Admin
RPTTF
$784,025 $5,450
- -
- -
- -
784,025 -
CJ CK
32-33B (Jan-Jun)
RPTTF
Admin
RPTTF
$96,700 $5,450
2,800 -
2,200 -
- -
91,700 -
A
Item
#
5 6
13 18
CN CO
33-34A (Jul-Dec)
RPTTF
Admin
RPTTF
$801,700 $5,450
- -
- -
- -
801,700 -
CR CS
33-34B (Jan-Jun)
RPTTF Admin
RPTTF
$83,388 $5,450
2,800 -
2,200 -
- -
78,388 -
CV CW
34-35A (Jul-Dec)
RPTTF Admin
RPTTF
$808,388 $5,600
- -
- -
- -
808,388 -
CZ DA
34-35B (Jan-Jun)
RPTTF Admin
RPTTF
$70,000 $5,600
3,000 -
2,300 -
- -
64,700 -
DD DE
35-36A (Jul-Dec)
RPTTF Admin
RPTTF
$824,700 $5,600
- -
- -
- -
824,700 -
DH DI
35-36B (Jan-Jun)
RPTTF Admin
RPTTF
$54,800 $5,600
3,000 -
2,300 -
- -
49,500 -
DL DM
36-37A (Jul-Dec)
RPTTF Admin
RPTTF
$839,500 $5,600
- -
- -
- -
839,500 -
DP DQ
36-37B (Jan-Jun)
RPTTF Admin
RPTTF
$39,000 $5,600
3,000 -
2,300 -
- -
33,700 -
DT DU
37-38A (Jul-Dec)
RPTTF Admin
RPTTF
$858,700 $5,750
- -
- -
- -
858,700 -
A
Item
#
5 6
13 18
DX DY
37-38B (Jan-Jun)
RPTTF
Admin
RPTTF
$22,800 $5,750
3,200 -
2,400 -
- -
17,200 -
EB EC
38-39A (Jul-Dec)
RPTTF
Admin
RPTTF
$877,200 $5,750
- -
- -
- -
877,200 -
EF EG
38-39B (Jan-Jun)
RPTTF Admin
RPTTF
$5,600 $5,750
3,200 -
2,400 -
- -
- -
January 24, 2023 Lindsay Successor Agency Meeting