CITY OF MONTEBELLO
CITY COUNCIL AND SUCCESSOR AGENCY
JOINT REGULAR MEETING
WEDNESDAY, JANUARY 10, 2024 AT 6:00 PM
CITY HALL COUNCIL CHAMBERS
1600 WEST BEVERLY BOULEVARD
MONTEBELLO, CALIFORNIA
CITY COUNCIL/SUCCESSOR AGENCY
Scarlet Peralta, Mayor/Chairperson
Salvador Melendez, Mayor Pro Tem/Vice Chairperson
Angie M. Jimenez, Councilmember/Member
Georgina Tamayo, Councilmember/Member
David N. Torres, Councilmember/Member
CITY MANAGER/EXECUTIVE
DIRECTOR
Raul Alvarez
CITY TREASURER
David Matanga
COUNCIL/SUCCESSOR AGENCY
ATTORNEY
Arnold M. Alvarez-Glasman
CITY CLERK/AGENCY SECRETARY
Christopher Jimenez
DEPARTMENT HEADS
Assistant City Manager
Fire Chief
Police Chief
Director of Finance
Director of Planning/Community Development
Acting Director of Public Works
Director of Recreation and Community Services
Director of Transportation
Arlene Salazar
Fernando Pelaez
Paul Espinosa
Michael Solorza
Joseph Palombi
Rita Montalvo
David Sosnowski
Adrianna Kendricks
January 10, 2024: City Council and Successor Agency Meeting
NOTICES
This City Council/Successor Agency Joint Regular Meeting ("Council"/"SA") will be held in person and will meet at City Hall – City Council Chambers, 1600 West Beverly Boulevard, Montebello, California. The meeting will be live streamed and can be watched on the City’s website and YouTube Channel via the following link:
https://www.montebelloca.gov, and may also be viewed on Spectrum Public Access Channel 3 for all Spectrum cable subscribers.
AMERICANS WITH DISABILITIES ACT: In compliance with the Americans with Disabilities Act (ADA) any person with a disability who requires special accommodations in order to participate in a meeting should contact the Administration Office at (323) 887-1437 Monday-Thursday from 7:30 a.m.-5:30 p.m. Please call 48 hours prior to the meeting to ensure that reasonable arrangements can be made to provide accessibility to this meeting (28 CFR 35.102-35.104 ADA Title II 1203). If you require translation services, please contact the City Clerk’s office 72 hours before this meeting. Si necesita servicios de traducción, comuníquese con la Oficina del Secretario Municipal 72 horas antes de esta reunión. 如果您需要翻译服务，请在会议前 72 小时联系市书记员办公室.
RULES OF DECORUM:
Pursuant to Section 54957.95 of the Government Code, the presiding member of the legislative body conducting a meeting, or their designee, is authorized to remove, or cause the removal of, an individual for disrupting the meeting.
Any such removal will be preceded by a warning to the disruptive individual by the presiding member of the legislative body or their designee that the individual’s behavior is disrupting the meeting and that the individual’s failure to promptly cease their disruptive behavior may result in their removal.
PUBLIC COMMENTS:
In-Person: For those interested in participating during the Public Comment period(s) or public testimony period for Public Hearings of the Council/SA meetings, you may address the Council/SA in person only the day of the meeting.
Speakers will be required to fill out a speaker card provided at the door and submit it to City Clerk staff prior to each Public Comment announcement period. Staff will number and call each speaker card in the order received. Closed Session begins at 6:00 p.m. and Regular Session begins immediately thereafter; if there is no Closed Session, Regular Session will begin at 6:00 p.m.
AGENDA MATERIALS: The agenda and/or agenda packet are available for public inspection at City’s website at: Agendas, Minutes, and Videos.
January 10, 2024: City Council and Successor Agency Meeting
IN CONSIDERATION OF OTHERS, PLEASE TURN OFF, OR MUTE, ALL CELL PHONES AND PAGERS
THANK YOU FOR YOUR COOPERATION
OPENING CEREMONIES
CALL TO ORDER - 6:00 P.M.
ROLL CALL
CLOSED SESSION - NONE
REGULAR SESSION - IMMEDIATELY FOLLOWING CLOSED SESSION
INVOCATION
PLEDGE OF ALLEGIANCE
PUBLIC COMMENTS ON NON-AGENDA AND AGENDA ITEMS (30 MINUTES) At this time, the public may submit speaker card(s) to the City Clerk staff, for both agenda and non-agenda items, prior to the beginning of this statement; Public Hearing items do not require a speaker card.
The City Council/SA will address non-agenda items during this section and speakers will be called in the order received.
Those persons not accommodated during this 30-minute period will have an opportunity to speak under “Public Comments – Continued”, after all scheduled matters have been considered. Public Hearing, Regular Business and/or Consent Calendar items will be addressed at the time that matter of business is heard, in the order received.
Please be aware that the maximum time allotted for members of the public to speak shall not exceed three (3) minutes per speaker. State Law prohibits the City Council/SA from taking action or entertaining extended discussion on a topic not listed on the agenda. Please show courtesy to others and direct all of your comments to the Mayor/Chairperson and City Council/Agency.
REGULAR BUSINESS
1. ADOPT SUCCESSOR AGENCY RESOLUTION NO'S. 24-01 AND 24-02 APPROVING FISCAL YEAR 2024-25 RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 24-25)
RECOMMENDATION: It is recommended that the City Council and Successor Agency:
1. Approve Successor Agency Resolution No. 24-01 adopting the Fiscal Year 2024-25 Recognized Obligation Payment Schedule (ROPS 24-25); and
2. Approve Successor Agency Resolution No. 24-02 adopting the Successor Agency's administrative budget for the 2024-25 Fiscal year; and
3. Direct staff to submit all required resolutions and related documents to the State of California's Department of Finance per Assembly Bill 26, Senate Bill 107 and all related redevelopment dissolution statutes and guidelines; and
4. Take such additional, related action that may be desirable.
CONSENT CALENDAR - NONE
PUBLIC COMMENTS - CONTINUED
January 10, 2024: City Council and Successor Agency Meeting
ADJOURNMENT
The City of Montebello will adjourn to the next Regular Meeting on January 10, 2024, at 6:00 p.m., which can be live- streamed at https://www.montebelloca.gov (Click on Live Stream).
I, Kimberly Guillen, Senior Deputy City Clerk for the City of Montebello, hereby certify that a copy of this agenda has been posted on or before Sunday, January 7, 2024, no later than 6:00 p.m
Kimberly Guillen, Senior Deputy City Clerk
ITEM # 1
CITY OF MONTEBELLO
CITY COUNCIL AND SUCCESSOR AGENCY AGENDA STAFF REPORT
TO: Honorable Mayor and City Council Members
FROM: Raul Alvarez, City Manager
BY: Michael Solorza, Director of Finance
SUBJECT: ADOPT SUCCESSOR AGENCY RESOLUTION NO'S. 24-01 AND 24-02 APPROVING FISCAL YEAR 2024-25 RECOGNIZED OBLIGATION
PAYMENT SCHEDULE (ROPS 24-25)
DATE: January 10, 2024
RECOMMENDATION(S):
It is recommended that the City Council and Successor Agency:
1. Approve Successor Agency Resolution No. 24-01 adopting the Fiscal Year 2024- 25 Recognized Obligation Payment Schedule (ROPS 24-25); and
2. Approve Successor Agency Resolution No. 24-02 adopting the Successor Agency's administrative budget for the 2024-25 Fiscal year; and
3. Direct staff to submit all required resolutions and related documents to the State of California's Department of Finance per Assembly Bill 26, Senate Bill 107 and all related redevelopment dissolution statutes and guidelines; and
4. Take such additional, related action that may be desirable.
FISCAL IMPACT:
The Successor Agency is requesting a total of $2,624,050 in Redevelopment Property Tax Transfer Fund (RPTTF) revenue (e.g., property tax) to fund a variety of enforceable obligations (the July – December 2024 period is $2,280,525 and the January – June, 2025 period is $343,525). The total amount requested includes an administrative budget of $90,500 for the entire ROPS 24-25 period.
The RPTTF revenue is generated from property tax in former redevelopment project areas, and per the various dissolution laws now governing former redevelopment agencies, it is distributed to successor agencies through the Recognized Obligation Payment (ROPS) process. The Los Angeles County Auditor/Controller disburses this
CITY COUNCIL AND SUCCESSOR AGENCY AGENDA REPORT - MEETING OF JANUARY 10, 2024
revenue twice per year: January and June. Staff record the revenue in a separate Successor Agency fund (i.e., Fund 800) and pay for the enforceable obligation expenses accordingly.
There is no impact to the City’s budget or reserve balance, as the State Department of Finance approved enforceable obligations are fully funded with the RPTTF requested through the ROPS. In this case, a total of $2,624,050 for Fiscal Year 2024-25. Refer to Attachment B for the ROPS, which provides details on how the requested RPTTF will be spent.
Furthermore, the ROPS 24-25 enforceable obligations amount will be used when developing the Fiscal Year 2024-25 budget. Since the expenditures for the upcoming fiscal year are known, they can be utilized when developing the budget for FY 2024-25.
BACKGROUND/DISCUSSION:
The Community Redevelopment Agency of the City of Montebello (Agency) was dissolved effective February 1, 2012, by Assembly Bill 1x 26 (AB 26) and the California Supreme Court’s decision in California Redevelopment Association v. Matosantos. As authorized by AB 26, the City Council of the City of Montebello adopted a resolution electing to serve as the “successor agency” to the dissolved Agency and thereby assumed responsibility for winding down the Agency’s affairs.
Under AB 26, the Successor Agency’s responsibilities included preparing a Recognized Obligation Payment Schedule (ROPS) that listed payments due on all “enforceable obligations” during that period. Before it became effective, each ROPS was required to be approved by the Montebello Oversight Board and the State Department of Finance (DOF). The Oversight Board has previously approved several iterations of the Successor Agency’s ROPS since dissolution in 2012, and each has been subsequently approved by the DOF.
AB 26 also required the Successor Agency to create an “administrative budget.” The administrative budget was required to include: (1) estimated amounts for successor agency administrative costs for the upcoming twelve-month period; (2) proposed payment sources for such costs; and (3) arrangements for administrative and operations services to be provided by the City. The administrative budget was required to be approved by the Oversight Board and DOF.
In September 2015, Senate Bill 107 (SB 107) became law and made significant revisions to redevelopment dissolution law. As relevant here, these changes included submission of an annual ROPS to replace the previously required bi-annual process. The new process requires the Successor Agency to submit an Oversight Board- approved ROPS covering the 2024-25 Fiscal Year to DOF before February 1, 2024. This ROPS must include estimates of payments due on all enforceable obligations during the entire 2024- 25 Fiscal Year.
DOF is required to issue a determination on the ROPS before April 15, 2024, and SB 107
CITY COUNCIL AND SUCCESSOR AGENCY AGENDA REPORT - MEETING OF JANUARY 10, 2024
preserves the Successor Agency’s ability to dispute DOF determinations through a meet- and-confer process.
SB 107 also made changes to the administrative budget process. The Successor Agency’s administrative budget must include the same information previously required, and must be approved by the Oversight Board. However, it no longer must be approved by the DOF. Additionally, SB 107 made changes to the administrative cost allowance available to fund the administrative budget. Commencing July 1, 2016, the administrative cost allowance cannot exceed the lesser of the following: (1) three percent (3%) of the funds allocated to the Successor Agency to pay approved enforceable obligations during the preceding fiscal year; (2) fifty percent (50%) of the money allocated to the Successor Agency to pay approved enforceable obligations during the applicable fiscal year; or (3) $250,000.
Pursuant to Health and Safety Code Section 34179(q), commencing on July 1, 2018, the County of Los Angeles, where more than 70 individual oversight boards were created by the Dissolution Act, shall have five consolidated oversight boards each encompassing the five supervisorial districts. The First Supervisorial District Consolidated Oversight Board has jurisdiction over the Successor Agency of the former Community Redevelopment Agency of Montebello.
The Successor Agency’s ROPS covering the payment period of July 1, 2024, to June 30, 2025 (ROPS 24-25), is attached (Attachment 2). The Successor Agency is requesting a total of $2,624,050 in RPTTF to fund a variety of enforceable obligations. (the July – December 2024 period is $2,280,525 and the January – June, 2025 period is $343,525). The total amount requested includes an administrative budget of $90,500 for the entire ROPS 24-25 period.
All enforceable obligations on the attached ROPS are debt service, repayment of the low- mod housing deferral, or approved administrative costs, and have all been previously reviewed and approved by the Oversight Board and State Department of Finance (DOF).
Several debt related enforceable obligations have been fully paid off in recent fiscal years, and the ROPS 24-25 includes debt issuances which will be satisfied in FY 2024- 25, and as such will not be included on subsequent ROPS.
Also attached is the Successor Agency’s Administrative Budget for the 2024-25 Fiscal Year (Attachment 4). Staff has prepared the budget in accordance with updated guidance provided by the County of Los Angeles. The updated guidance suggested a more detailed presentation of administrative expenses should be provided for Oversight Board review. As such, Attachment 4 represents an updated and detailed administrative budget, clearly indicating line-item costs for personnel, legal, compliance and related expenses.
It should be noted that in order to meet the State DOF ROPS filing deadline of February 1, 2024, Staff has submitted the ROPS 24-25 and Administrative Budget to the County of Los Angeles for consideration at the January 8, 2024 First Supervisorial District Consolidated Oversight Board meeting. Given the lead time needed to submit to the County Consolidated Oversight Board and to the Successor Agency, it is assumed the
CITY COUNCIL AND SUCCESSOR AGENCY AGENDA REPORT - MEETING OF JANUARY 10, 2024
Oversight Board has already approved the ROPS 24-25 and Administrative Budget. Should action to the contrary occur, Staff will provide a verbal update at the time the Successor Agency considers this item.
ENVIRONMENTAL:
N/A
ANALYSIS:
N/A
SUMMARY:
The Oversight Board will consider approval of the Successor Agency’s Recognized Obligation Payment Schedule and Administrative Budget covering the 2024-25 Fiscal Year, requesting a total of $2,624,050 in RPTTF for payment of the various enforceable obligations.
ATTACHMENT(S)
1. ATTACHMENT A - SAResolution ROPS 24-25 Montebello
2. ATTACHMENT B - Montebello_ROPS 24-25
3. ATTACHMENT C -SA Resolution Admin Budget FY 24-25 Montebello
4. ATTACHMENT D - Administrative Budget ROPS 24-25
NEXT STEPS:
N/A
ATTACHMENT A
SUCCESSOR AGENCY RESOLUTION NO. 24-01
A RESOLUTION OF THE SUCCESSOR AGENCY OF THE FORMER COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF MONTEBELLO APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR FISCAL YEAR 2024-25 (ROPS 24-25)
WHEREAS, pursuant to ABx1 26, enacted on June 28, 2011, and as subsequently amended by AB 1484, SB 341, and SB 107 (“Dissolution Act”), the Community Development Agency of the City of Montebello was dissolved as of February 1, 2012, and the City of Montebello elected to serve as the Successor Agency to the Former Community Development Agency to the City of Montebello.
WHEREAS, the former Community Redevelopment Agency of the City of Montebello (“Agency”) was a community redevelopment agency organized and existing under the California Redevelopment Law;
WHEREAS, pursuant to Health and Safety Code Section 34179(q), commencing on and after July 1, 2018, the County of Los Angeles, where more than 40 oversight boards were created by the Dissolution Act, shall have five consolidated oversight boards each encompassing the five supervisorial districts;
WHEREAS, the First Supervisorial District Consolidated Oversight Board (“Oversight Board”) has jurisdiction over the Successor Agency of the Former Community Development Agency to the City of Montebello;
WHEREAS, the First Supervisorial District Consolidated Oversight Board held a regular/special meeting on January 8, 2024,
WHEREAS, Senate Bill 107 (“SB 107”) was enacted in September 2015, and replaced the biannual ROPS process with a requirement that an annual ROPS be prepared for all fiscal years commencing after January 1, 2016; WHEREAS, after preparation by the Successor Agency, each ROPS must be submitted to and approved by the Oversight Board, and, before February 1 of the applicable fiscal year, an Oversight Board-approved ROPS must be transmitted to the Los Angeles County Auditor- Controller and the California Department of Finance for review; and
WHEREAS, the Successor Agency’s ROPS covering the July 1, 2024, to June 30, 2025 payment period (ROPS 24-25), as such is attached to this Resolution, and is satisfied that such ROPS complies with the statutory mandates of the Dissolution Act.
NOW THEREFORE, THE SUCCESOR AGENCY OF THE FORMER
COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MONTEBELLO HEREBY RESOLVES, FINDS AND DECLARES 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 hereby approves the Recognized Obligation Payment Schedule for the period of July 1, 2024, to June 30, 2025, as such ROPS 24-25 is attached hereto this Resolution.
SECTION 3. The Successor Agency will take such further action(s) as required to obtain approval of ROPS 24-25 by the First Supervisorial Consolidated Oversight Board and the California Department of Finance, and to ensure all obligations listed on ROPS 24- 25 are timely paid and performed.
SECTION 4. The Secretary shall certify to the passage and adoption of this resolution, which shall become effective immediately upon adoption.
SUCCESSOR AGENCY RESOLUTION NO. 24-01
APPROVED AND ADOPTED THIS 10TH DAY OF JANUARY 2024
_______________________________
Scarlet Peralta, Mayor
ATTEST:APPROVED AS TO FORM:
________________________________ ________________________________ Christopher Jimenez, Secretary Arnold M. Alvarez-Glasman, City Attorney
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS:
CITY OF MONTEBELLO )
I, Christopher Jimenez, Secretary of the Successor Agency of the Former Community Redevelopment Agency of the City of Montebello, County of Los Angeles, State of California, hereby certify that the foregoing Resolution No. 24-01 was passed and adopted by the City Council of the City of Montebello, signed by the Mayor and attested by the City Clerk at a regular meeting of said Council held on the 10 th day of January, 2024 and that said Resolution was adopted by the following vote, to-wit:
AYES:
NOES:
ABSTAIN:
ABSENT:
The undersigned, Secretary of the Successor Agency of the Former Community Redevelopment Agency of the City of Montebello, does hereby attest and certify that the foregoing Resolution is a true, full and correct copy of a resolution duly adopted at a meeting of said City which was duly convened and held on the date stated thereon, and that said document has not been amended, modified, repealed or rescinded since its date of adoption and is in full force and effect as of the date hereof.
DATE:
Christopher Jimenez, Secretary
Successor Agency: Montebello
County: Los Angeles
24-25A Total 24-25B Total ROPS Total
(July - December) (January - June) Total
A Enforceable Obligations Funded as Follows (B+C+D) - - - B Bond Proceeds -
C Reserve Balance -
D Other Funds -
E Redevelopement Propety Tax Trust Fund (RPTTF) (F+G) 2,280,525 343,525 2,624,050 F RPTTF 2,235,275 298,275 2,533,550
G Aministrative RPTTF 45,250 45,250 90,500
H Current Period Enforceable Obligations (A+E) 2,280,525 343,525 2,624,050 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
Recognized Obligation Payment Schedule (ROPS 24-25)
Filed for the July 1, 2024 through June 30, 2025
ATTACHMENT B
AB C D E F G H I J
6 Tax Allocation Parity Bonds 2007 Series B (Hillside) Bonds Issu ed On or Before 12/31/10 3/1/2007 3/1/2019 Bank of New York Improvements Montebello Hills 0Y 10 Tax Allocation Parity Refunding Bonds So Ind 2007 Series A Bon ds Issued On or Before 12/31/10 9/1/2007 9/1/2022 Bank of New York Infrastructure Improvements South Industrial 0Y 12 2002 Housing Tax Allocation Parity Bonds MERP Housing) Bonds I ssued On or Before 12/31/10 9/1/2002 9/1/2024 Bank of New York Low/Mod Senior Housing MERP 0Y 16 Ostrom Chevrolet Note Payable Third-Party Loans 2/1/2009 1/31/20 30 Sevecherian Purchase of Former Ostrom
Chevrolet Property MERP 0Y
21 Administrative Transaction fee Admin Costs 7/5/2012 6/30/2014 Var ious Admin Overhead and other G&A
Chgs Agency 90,500 N
22 Arbitrage Calculation Costs on Bonds Fees 3/1/1997 3/1/2027 Arbitrage Compliance
Specialists
Preparation of Federal & State
Arbitrage Compliance
Computations Agency 2,000 N
24 Project Maintenance Costs Property Maintenance 7/1/2012 6/30/203 0 Various Costs associated with maintain
property owned by SA Montebello Hills -
26 Fiscal agent fees Fees 7/1/1997 3/1/2027 BNY Western Trust BNY Wes tern Trust Agency 20,000 N 36 Low Mod Housing Deferral Unfunded Liabilities 1/28/2009 12/31/20 33 City of Montebello
Successor Housing Agency
Per 33333.6(g) of California
Health and Safety Code Montebello Hills 3,894,689 N
47 2015A Successor Agency Tax Allocation Refunding Bonds (Tax-Exempt) Bonds Issued After 12/31/10 9/1/2015 9/1/2027 Bank of New Yor k To refund: HOUSING 02,
HILLSIDE 97, HILLSIDE 98A,
HILLSIDE 99A, HILLSIDE 09A, SI
99A, SI 99B 6,142,425 N
50 Tax Allocation Parity Refunding Bonds 1999 Series B (Hillside) Bonds Issued On or Before 12/31/10 11/1/1999 3/1/2024 Bank of New York Land and Infrastructure
Improvements 0Y
Total Outstanding Obligation RetiredPayee
Montebello Recognized Obligation Payment Scheudule (ROPS 2024-25) - ROPS De July 1, 2024 through June 30, 2025
(Report Amounts in Whole Dollars)
Item # Project Name Obligation Type Agreement
Execution Date
Agreement
Termination Date Description Project Area
KL MN O P QR S T U V W
Bond proceeds Reserve Balance Other Funds RPTTF Amin RPTTF Bond proc eeds Reserve Balance Other Funds RPTTF Amin RPTTF $2,624,050 -$ - $ - $ $2,235,275 $45,250 $2,280,525 - $ - $ - $ 298,275$ 45,250 $ 343,525 $ 00 0 0 0
00 0 0 0
00 0 0 0
00 0 0 0
90,500 0 45,250 45,250 45,250 45,250
2,000 1,000 1,000 1,000 1,000
- 0 0
20,000 15,000 15,000 5,000 5,000
420,000 210,000 210,000 210,000 210,000
2,091,550 2,009,275 2,009,275 82,275 82,275
00 0 0 0
ROPS 24-25
Total
24-25 B
Total
etail
Fund Sources
24-25A (July - December) 24-25B (January - June)
Fund Sources
24-25 A
Total
AB C D E F G H
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 07/01/2021)
RPTTF amount should exclude "A" period distribution amount - 201,414 0 9,703,219 2 Revenue/Income (Actual 06/30/2022)
RPTTF amount should tie to the ROPS 20-21 total distribution from the County Auditor-Controller
10,048,557 3,547,260
3 Expenditures for ROPS 21-22 Enforceable Obligations
(Actual 06/30/20)
201,414 0 7,050,096 4 Retention of Available Cash Balance (Actual 06/30/2022) RPTTF amount retained should only include the amounts distributed as reserve for future period(s)
5,154,689
5 ROPS 21-22 RPTTF Prior Period Adjustment
RPTTF amount should tie to the Agency's ROPS 20-21 PPA form submitted to the CAC
269,565
6 Ending Actual Available Cash Balance (06/30/2022)
C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5)
0$ 0 $ 0 $ 4,893,868$ 5,930,818 $ No entry required
Montebello Recognized Obligation Payment Schedule (ROPS 24-25) - Report of Cash Balances July 1, 2021 through June 30, 2022
(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. For tips on how to complete the Report of Cash Balances Form, see Cash Balance Tips Sheet.
Fund Sources
Comments
Bond Proceeds
ROPS 24-25 Cash Balances
(07/01/2021 - 06/30/2022)
ATTACHMENT C
SUCCESSOR AGENCY RESOLUTION NO. 24-02
A RESOLUTION OF THE SUCCESSOR AGENCY OF THE FORMER
COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF
MONTEBELLO APPROVING THE ADMINISTRATIVE BUDGET FOR
FISCAL YEAR 2024-25
WHEREAS, pursuant to ABx1 26, enacted on June 28, 2011, and as subsequently amended by AB 1484, SB 341, and SB 107 (“Dissolution Act”), the Community Development Agency of the City of Montebello was dissolved as of February 1, 2012, and the City of Montebello elected to serve as the Successor Agency to the Former Community Development Agency to the City of Montebello.
WHEREAS, the former Community Redevelopment Agency of the City of Montebello (“Agency”) was a community redevelopment agency organized and existing under the California Redevelopment Law;
WHEREAS, pursuant to Health and Safety Code Section 34179(q), commencing on and after July 1, 2018, the County of Los Angeles, where more than 40 oversight boards were created by the Dissolution Act, shall have five consolidated oversight boards each encompassing the five supervisorial districts; WHEREAS, Senate Bill 107 (“SB 107”) was enacted in September 2015, and requires the Successor Agency to create an administrative budget for each fiscal year, and to submit it to the Oversight Board for approval;
WHEREAS, the administrative budget is required to include estimated amounts for Successor Agency administrative costs, proposed sources of payment for such costs, and proposals for arrangements for administrative and operations services provided by a city;
WHEREAS, under SB 107, the administrative budget is not subject to review and approval by the State Department of Finance; and
WHEREAS, the Successor Agency’s Administrative Budget covering the 2024- 25 Fiscal Year, as such is attached to this Resolution, and is satisfied that such complies with the statutory mandates of the Dissolution Act.
NOW THEREFORE, THE SUCCESSOR AGENCY HEREBY FINDS,
DECLARES AND RESOLVES 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 hereby approves the Administrative Budget for the 2024-25 Fiscal Year as attached hereto this Resolution.
SUCCESSOR AGENCY RESOLUTION NO. 24-02
SECTION 3. The Secretary shall certify to the passage and adoption of this resolution, which shall become effective immediately upon adoption.
APPROVED AND ADOPTED THIS 10TH DAY OF JANUARY, 2024
_______________________________
Scarlet Peralta, Mayor
ATTEST:APPROVED AS TO FORM:
________________________________ ________________________________ Christopher Jimenez, Secretary Arnold M. Alvarez-Glasman, City Attorney
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS:
CITY OF MONTEBELLO )
I, Christopher Jimenez, Secretary of the Successor Agency of the Former Community Redevelopment Agency of the City of Montebello, County of Los Angeles, State of California, hereby certify that the foregoing Resolution No. 24-01 was passed and adopted by the City Council of the City of Montebello, signed by the Mayor and attested by the City Clerk at a regular meeting of said Council held on the 10 th day of January, 2024 and that said Resolution was adopted by the following vote, to-wit:
AYES:
NOES:
ABSTAIN:
ABSENT:
The undersigned, Secretary of the Successor Agency of the Former Community Redevelopment Agency of the City of Montebello, does hereby attest and certify that the foregoing Resolution is a true, full and correct copy of a resolution duly adopted at a meeting of said City which was duly convened and held on the date stated thereon, and
SUCCESSOR AGENCY RESOLUTION NO. 24-02
that said document has not been amended, modified, repealed or rescinded since its date of adoption and is in full force and effect as of the date hereof.
DATE:
Christopher Jimenez, Secretary
City of Montebello Successor Agency
Administrative Budget
For the period July 1, 2024 to June 30, 2025
Successor Agency - ROPS - Management
Personnel Expenses (Description of Tasks/Duties):
Annual preparation of ROPS
Correspondence with LA County Auditor Conroller/preparation of PPA Drafting ROPS for OB Presenation
Drafting ROPS for Successor Agency Presentation
Management/oversight of LRPMP
General management/oversight of SA expenses/revenue
Position Involved % of Time Dollar Value
Finance Director 5.0% 17,300$
Accounting Manager 2.5% 3,400 $
Accountant 10.0% 9,200$
Director of Community Development 2.5% 6,800 $
SUM OF PERSONNEL EXPENSES 36,700 $
Enforceable Obligations
Maintenance and Operations Expenses (Description of Work):
Fiscal Agent/Trustee fees
Continuing Disclosure (EMMA and CDIAC filings and reports) Arbitrage calculation
Related legal expenses (City Attorney, etc.)
Descriptin of Task Dollar Value
Legal fees (City Attorney) 20,000$
Continuing disclosure/arbitrage/bond
compliance 27,400$
Trustee fees 6,400$
53,800$
TOTAL ADMINISTRATIVE BUDGET/ALLOWANCE REQUESTED ==> 90,500$ ROPS 24-25A 45,250$
ROPS 24-25B 45,250$
ATTACHMENT D