SUCCESSOR AGENCY
RESOLUTION NO. RSA 25-36
A RESOLUTION OF THE SUCCESSOR AGENCY TO THE MURRIETA
REDEVELOPMENT AGENCY APPROVING A RECOGNIZED
OBLIGATION PAYMENT SCHEDULE FOR THE PERIOD FROM JULY
1, 202 6, THROUGH JUNE 30, 202 7, APPROVING THE SUCCESSOR AGENCY’S PROPOSED ADMINISTRATIVE BUDGET FOR FISCAL
YEAR 202 6/27, AND AUTHORIZING POSTING AND TRANSMITTAL
THEREOF
WHEREAS, the Murrieta Redevelopment Agency (the “Former RDA”) was a public body, corporate and politic, duly created, established, and authorized to transact business and exercise its powers under and pursuant to the provisions of the Community Redevelopment Law (Part 1 of Division 24 of the California Health and Safety Code), and the powers of the Former RDA included the power to issue bonds for any of its corporate purposes; and
WHEREAS, on June 28, 2011, the California Legislature adopted Assembly Bills x1 26 (the “Dissolution Act”) and x1 27 (the “Opt-in Bill”); and
WHEREAS, the California Supreme Court subsequently upheld the provisions of the Dissolution Act and invalidated the Opt-in Bill, resulting in the dissolution of the Former RDA as of February 1, 2012; and
WHEREAS, the redevelopment powers, assets, and obligations of the Former RDA were transferred on February 1, 2012, to the City Council acting as the Successor Agency to the Murrieta Redevelopment Agency (“Successor Agency”); and
WHEREAS, on June 27, 2012, Assembly Bill 1484 was adopted as a trailer bill in connection with the Fiscal Year 2012 /13 California Budget, and Senate Bill 107 was adopted on September 22, 2015, both to modify certain provisions of the Dissolution Act; and
WHEREAS, among the duties of successor agencies under the Dissolution Act as amended is the preparation of an annual Recognized Obligation Payment Schedule (ROPS), per Health and Safety Code section 34177(l), that includes the ensuing fiscal year for consideratio n by a consolidated oversight board and the California Department of Finance (DOF) for purposes of administering the wind-down of financial obligations of the former redevelopment agency; and
WHEREAS, section 34177(l) of the Dissolution Act further requires that the proposed ROPS be transmitted to the oversight board, after which time the oversight board may approve the ROPS and the Successor Agency’s transmittal of the adopted ROPS to DOF, the County Auditor- Controller, and the State Controller’s Office for their consideration; and
Resolution No. RSA 25-36
WHEREAS, the Riverside Countywide Consolidated Oversight Board ("Oversight Board"), formed July 1, 2018, has jurisdiction over the Successor Agency; and
WHEREAS, the Successor Agency’s proposed ROPS covering the period from July 1, 2026, through June 30, 2027 (“ROPS 26/27”), attached hereto as Exhibit “A,” has been prepared and is consistent with the provisions of the Dissolution Act and in the format made available by DOF; and
WHEREAS, section 34177(j) of the Dissolution Act requires the Successor Agency to prepare a proposed administrative budget and submit it to the Oversight Board for approval; and
WHEREAS, the Successor Agency prepared the Fiscal Year 202 6/27 Administrative Budget in accordance with the Dissolution Act, attached hereto as Exhibit “B” (the “Administrative Budget”); and
WHEREAS, the Oversight Board will review the ROPS 26/27 and Administrative Budget on January 15, 2026; and
WHEREAS, the Successor Agency desires to approve the ROPS 26/27 and the Fiscal Year 2026/27 Administrative Budget and transmit them to various parties as required by the Dissolution Act.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MURRIETA,
CALIFORNIA, ACTING AS THE SUCCESSOR AGENCY TO THE MURRIETA REDEVELOPMENT AGENCY DOES HEREBY RESOLVE AS FOLLOWS:
Section 1. The above recitals are true and correct and are incorporated herein by this reference.
Section 2. The proposed ROPS 26/27 covering the period of July 1, 202 6, to June 30, 2027, substantially in the form attached hereto as Exhibit “A,” is approved and adopted. Successor Agency staff is hereby authorized and directed to submit a copy to the Oversight Board for approval.
The Successor Agency authorizes administrative revisions to be made by the Executive Director to the ROPS 26/27 to enable the Successor Agency to submit the ROPS 26/27 to DOF by the deadline of February 1, 2026.
Section 3. The Fiscal Year 2026/27 Administrative Budget for the period July 1, 2026, to June 30, 2027, submitted herewith as Exhibit “B,” is hereby approved.
Section 4. The officers of the Successor Agency are hereby authorized and directed, jointly and severally, to do any and all things which they may deem necessary or advisable to effectuate this Resolution, including requesting additional review by the DOF and an oppo rtunity to meet and confer on any disputed items, and any such actions previously taken by such officers and staff are hereby ratified and confirmed. Specifically, the officers of the Successor Agency are hereby authorized and directed to post a copy of the ROPS 26/27 on the City’s website and transmit a copy of the ROPS 26/27 to the Riverside Countywide
Resolution No. RSA 25-36
Consolidated Oversight Board, the Riverside County Auditor-Controller, the State Controller’s Office, and the State of California Department of Finance.
PASSED AND ADOPTED this 2nd day of December 2025, by the City Council acting as the Successor Agency to the Murrieta Redevelopment Agency.
Cindy Warren, Chair
ATTEST:
Cristal McDonald, Secretary
APPROVED AS TO FORM:
Tiffany Israel, Agency Counsel
STATE OF CALIFORNIA ) COUNTY
OF RIVERSIDE )§ CITY OF
MURRIETA )
I, Cristal McDonald, City Clerk of the City of Murrieta, California, do hereby certify that the foregoing Successor Agency Resolution No. RSA 25-36was duly passed and adopted by the City Council of the City of Murrieta at the regular meeting thereof, held on the 2nd day of December 2025, and was signed by the Mayor of the said City, and that the same was passed and adopted by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
Cristal McDonald, City Clerk
Successor Agency:Murrieta
County: Riverside
Current Period Requested Funding for Enforceable Obligations (ROPS Detail) 26-27A Total
(July - December)
26-27B Total
(January - June)ROPS 26-27 Total
AEnforceable Obligations Funded as Follows (B+C+D): -$ -$ -$ B Bond Proceeds -$ -$ -$ CReserve Balance -$ -$ -$ DOther Funds -$ -$ -$ E Redevelopment Property Tax Trust Fund (RPTTF) (F+G): 2,389,227$ 462,737$ 2,851,964$ F RPTTF 2,338,577$ 462,737$ 2,801,314$ GAdministrative RPTTF 50,650$ -$ 50,650$ HCurrent Period Enforceable Obligations (A+E): 2,389,227$ 462,737$ 2,851,964$ Certification of Oversight Board Chairman: Signature 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. Signature Title
Recognized Obligation Payment Schedule (ROPS 26-27) - Summary Filed for the July 1, 2026 through June 30, 2027 Period
A B C D E F G H IJKLMNOPQRSTUVWXY
Bond ProceedsReserve BalanceOther FundsRPTTFAdmin RPTTFNotesBond ProceedsReserve BalanceOther FundsRPTTFAdmin RPTTFNotes33,503,434$ 2,851,964$ -$ -$ -$ 2,338,577$ 50,650$ 2,389,227$ -$ -$ -$ 462,737$ -$ 462,737$ 9City AdministrationAdmin Costs7/1/20156/30/2038City of MurrietaPayroll & Operating costsCombined Project Area601,300 N50,650$ 50,650$ 50,650$ -$ 572017 Tax Allocation Refunding Bonds, Series ARefunding Bonds Issued After 6/27/1210/5/20178/1/2035Union BankDebt Service Payments for Refunding of 2002, 2005, and 2007 BondsCombined Project Area9,958,597 N1,173,981$ 1,025,178$ 1,025,178$ 148,803$ 148,803$ 582017 Tax Allocation Refunding Bonds, Series BRefunding Bonds Issued After 6/27/1210/5/20178/1/2037Union BankDebt Service Payments for Refunding of 2002, 2005, and 2007 BondsCombined Project Area22,837,037 N1,618,103$ 1,304,169$ 1,304,169$ 313,934$ 313,934$ 592017 Bonds Fiscal Agent Fees and Continuing Disclosure CostsFees10/5/20178/1/2037Union BankFiscal agent fees, annual continuing disclosure costsCombined Project Area106,500 N9,230$ 9,230$ 9,230$ -$ 26-27A (July - December)26-27ATotal
26-27B (January - June)26-27BTotalFund Sources Fund Sources Murrieta Recognized Obligation Payment Schedule (ROPS 26-27) - ROPS DetailJuly 1, 2026 through June 30, 2027(Report Amounts in Whole Dollars) Item #Project Name/Debt ObligationObligation TypeContract/AgreementExecution DateContract/AgreementTermination DatePayeeDescription/Project ScopeProject AreaTotal OutstandingDebt or ObligationRetiredROPS 26-27Total
A B 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
1Beginning Available Cash Balance (Actual 07/01/23)RPTTF amount should exclude "A" period distribution amount 580,251 81,443 G: Retain $13,500 20-21 PPA for 23-24, $12,746 21-22 PPA for 24-25, and $55,197 22-23 PPA for 25-262Revenue/Income (Actual 06/30/24) RPTTF amount should tie to the ROPS 23-24 total distribution from the County Auditor-Controller 3,041,920 3Expenditures for ROPS 23-24 Enforceable Obligations (Actual 06/30/24) 3,053,989 4Retention of Available Cash Balance (Actual 06/30/24) RPTTF amount retained should only include the amounts distributed as reserve for future period(s) 67,943 G: Retain $12,746 21-22 PPA for 24-25 and $55,197 22-23 PPA for 25-26 5ROPS 23-24 RPTTF Prior Period AdjustmentRPTTF amount should tie to the Agency's ROPS 23-24 PPA form submitted to the CAC 1,431 6 Ending Actual Available Cash Balance (06/30/24)C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5) 0$ 0$ 0$ 580,251$ 0$ No entry required
Murrieta Recognized Obligation Payment Schedule (ROPS 26-27) - Report of Cash Balances July 1, 2023 through June 30, 2024(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.
ROPS 23-24 Cash Balances(07/01/23 - 06/30/24)
Fund Sources
Comments
Bond Proceeds
Item #Notes/Comments
Murrieta Recognized Obligation Payment Schedule (ROPS 26-27) - Notes July 1, 2026 through June 30, 2027 Expense Category Responsibility Budget
Amount
Personnel Costs
City Manager Department • Provide direction to other staff and consultants as needed $ 4,500 City Attorney Department • Provide general legal services as needed • Review staff reports and resolutions 3,500 Finance Department
• Process payment of enforceable obligations
• Maintain documentation of Agency records
• Coordinate with consultant to answer questions and
provide documentation as requested by Oversight Board,
County Auditor-Controller, and Department of Finance
• Answer questions and provide documentation as
requested by consultant to prepare the PPA
10,800
Successor Agency Staff • Administration and implementation of Agency wind-down 6,750 Total Personnel Costs $ 25,550
Services
Consultants
• Prepare ROPS, PPA, staff reports, and resolutions
• Coordinate with and answer questions for Oversight
Board, County Auditor-Controller, and Department of
Finance
• Attend Successor Agency and Oversight Board meetings
• Monitor and project cash flow to ensure sufficient
revenues for obligations and to inform Agency staff of
expected revenues
$ 15,000
Financial Services • Audits and other financial services as needed 10,100 Total Services Costs $ 25,100
Total Budget
Total Budget Costs $ 50,650
EXHIBIT B
Successor Agency to the Murrieta Redevelopment Agency
Administrative Budget
July 1, 2026 – June 30, 2027