SUCCESSOR AGENCY RESOLUTION NO. 2024-
A RESOLUTION OF THE SUCCESSOR AGENCY TO THE FORMER
COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA
ANA APPROVING THE RECOGNIZED OBLIGATION PAYMENT
SCHEDULE 24-25 FOR THE PERIOD OF JULY 1, 2024 TO JUNE 30, 2025 PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177(o), AND PART 1.85 OF DIVISION 24 OF THE CALIFORNIA HEALTH AND SAFETY CODE (“DISSOLUTION ACT”)
BE IT RESOLVED BY THE MEMBERS OF THE SUCCESSOR AGENCY OF THE CITY OF SANTA ANA, AS FOLLOWS:
Section 1. The City Council of Santa Ana, acting as Successor Agency, conclusively finds, determines and declares as follows:
A. On January 9, 2012, pursuant to section 34173 of the California Health & Safety Code, the City of Santa Ana (“City”) elected to serve as the Successor Agency for the dissolved Community Redevelopment Agency (“Agency”) of the City of Santa Ana and selected the Housing Authority of the City of Santa Ana to act as “Successor Housing Agency.”
B. The City Council serves as the governing body of the Successor Agency under the Dissolution Act, as amended by AB 1484, AB 471, and SB 107, to administer the enforceable obligations of the Agency and otherwise unwind the Agency’s affairs.
C. SB 107 revised the timeline for the preparation of the required Recognized Obligation Payment Schedule (“ROPS”) from each six-month period to a one-year period beginning July 1, 2016.
D. The annual ROPS includes the administrative cost allowance as required under Health and Safety Code Section 34177 (j) through (k).
E. The annual ROPS for the July 1, 2024 through June 30, 2025 period must be approved by the Countywide Oversight Board and submitted to the County Auditor- Controller, State Controller’s Office, and to the State Department of Finance (“DOF”) no later than February 1, 2024.
Section 2. The Successor Agency approves the Recognized Obligation Payment Schedule 24-25, attached hereto as Exhibit A and incorporated herein by this reference, and authorizes the submission to the County of Orange and Countywide Oversight Board for review and approval.
Section 3. Pursuant to the Dissolution Act, the Successor Agency further authorizes the transmittal of the ROPS 24-25, upon subsequent Countywide Oversight Board approval, to DOF Resolution No. 2024-
EXHIBIT 1
with copies to the County Administrative Officer, the County Auditor-Controller, and the State Controller’s Office.
Section 4. The City Manager, or his/her designee (“City Manager”), is directed to post on the City’s website the ROPS 24-25 in the manner required by law.
Section 5. The City Manager and/or the Executive Director of Community Development, or their respective designees, as delegated officials of the City acting as Successor Agency, are authorized to make or accept any augmentation, modification, additions, or revisions to the ROPS as may be necessary and appropriate in their reasonable discretion, based on review or communications from the Countywide Oversight Board, the State Department of Finance or County of Orange.
Section 6. This Resolution shall take effect immediately upon its adoption by the Successor Agency, and the Clerk of the Council shall attest to and certify the vote adopting of this Resolution.
ADOPTED this day of , 2024.
Valerie Amezcua
Mayor
APPROVED AS TO FORM:
Sonia R. Carvalho, City Attorney
By:
Andrea Garcia-Miller
Assistant City Attorney
AYES: Councilmembers:
NOES: Councilmembers:
ABSTAIN: Councilmembers:
NOT PRESENT: Councilmembers:
Resolution No. 2024-
EXHIBIT 1
CERTIFICATION OF ATTESTATION AND ORIGINALITY
I, , Clerk of the Council do hereby attest to and certify the attached Resolution No. 2024-XX to be the original resolution adopted by the City Council acting as the Successor Agency to the former Community Redevelopment Agency on January , 2024.
Date:
City Clerk
City of Santa Ana
Resolution No. 2024-
EXHIBIT 1
Successor Agency: Santa Ana
County: Orange
24-25A Total
(July -
December)
24-25B Total
(January -
June)
ROPS 24-25
Total
A 113,236$ 113,236$ 226,472$
B - - -
C - - -
D 113,236 113,236 226,472
E 11,176,422$ 814,014$ 11,990,436$
F 11,118,292 755,884 11,874,176
G 58,130 58,130 116,260
H Current Period Enforceable Obligations (A+E): 11,289,658$ 927,250$ 12,216,908$ Name Title
/s/
Signature Date
Redevelopment Property Tax Trust Fund (RPTTF) (F+G):
Recognized Obligation Payment Schedule (ROPS 24-25) - Summary Filed for the July 1, 2024 through June 30, 2025 Period Enforceable Obligations Funded as Follows (B+C+D):
Bond Proceeds
Reserve Balance
Other Funds
Current Period Requested Funding for Enforceable
Obligations (ROPS Detail)
RPTTF
Administrative RPTTF
Certification of Oversight Board Chairman:
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.
Exhibit A
EXHIBIT 1
A B C D E F G H I J K L M N O P Q R S T U V W
Bond
Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Bond
Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF $ 60,860,039 $ 12,216,908 $ 0 $ 0 $ 113,236 $ 11,118,292 $ 58,130 $ 11,289,658 $ 0 $ 0 $ 113,236 $ 755,884 $ 58,130 $ 927,250 28 DDA -
Sycamore
Parking
Concepts
OPA/DDA/Const
ruction
12/16/2002 6/30/2029 Sycamore
Parking
Concepts
Development of
Sycamore Garage
(Pkg Structure)
Merged Y $ - $ - $ - 30 Erickson
Lease
Agreement -
Honda
Business
Incentive
Agreements
1/19/2006 6/30/2032 Erickson
Prop. Corp.
Leasehold Rights on
AutoMall Property
Merged 792,648 N $ 226,472 113,236 $ 113,236 113,236 $ 113,236 33 Off Site
Improvemen
ts (Nexus)
Improvement/Infr
astructure
4/4/2005 6/30/2032 Various Construction of
Publicly Owned
Improvements -
Nexus
Merged 5,000,000 N $ - $ - $ - 34 Project
Costs for
Item #33
Project
Management
Costs
4/4/2005 6/30/2032 Successor
Agency /
Various
Project Management
/ Services
Merged 123,250 N $ - $ - $ - 35 SA Venture
Partnership
& Other
MainPlace
Agreements
OPA/DDA/Const
ruction
5/15/1984 6/30/2032 Various Permit Fee
Obligation for
Improvements
Merged 1,600,000 N $ - $ - $ - 36 Project
Costs for
Item #35
Project
Management
Costs
5/15/1984 6/30/2032 Successor
Agency /
Various
Project Management
/ Services
Merged 100,000 N $ - $ - $ - 37 DDA -
Discovery
Science
Center
OPA/DDA/Const
ruction
4/21/1997 6/30/2032 City of Santa
Ana
Permit Fee
Obligation for
Expansion
Merged 199,000 N $ - $ - $ - 62 Audited
Financial
Statements
/ Due
Diligence
Reviews
Professional
Services
5/14/2003 6/30/2032 MGO / City
of Santa Ana
/ Various
Required Per Bond
Documents / AB 1484
Merged 40,000 N $ 5,000 5,000 $ 5,000 $ - 63 Employee
Pension
Liability
Unfunded
Liabilities
2/1/2012 6/30/2032 CalPERS /
Successor
Agency
Public Employee
Defined Benefit
Pension Plan
Merged 118,729 N $ - $ - $ - 64 Other
Postemploy
ment
Benefits
(OPEB)
Unfunded
Liabilities
2/1/2012 6/30/2032 Successor
Agency /
Various
OPEB Liability for
Successor Agency
Staff
Merged 182,872 N $ - $ - $ - 66 Successor
Agency
Admin.
Admin Costs 2/1/2012 6/30/2032 Successor
Agency /
Various
Operating costs Merged 760,000 N $ 116,260 58,130 $ 58,130 58,130 $ 58,130 160 2018 Tax
Allocation
Bonds
Series A
Bonds Issued
After 12/31/10
11/8/2018 9/1/2031 Bank of New
York Mellon
Debt service on
bonds to refund
2003 Bonds and
2011 Bonds
Merged 10,146,375 N $ 1,271,375 1,084,125 $ 1,084,125 187,250 $ 187,250 161 2018 Tax
Allocation
Bonds
Series A-
Indenture
of Trust
Fees 11/8/2018 6/30/2032 Keyser
Marston
Associates /
Urban
Futures
Continuing disclosure Merged 13,950 N $ 1,550 $ - 1,550 $ 1,550 162 2018 Tax
Allocation
Bonds
Series A-
Indenture
of Trust
Fees 11/8/2018 6/30/2032 BLX Arbitrage rebate
analysis
Merged 13,500 N $ 1,500 1,500 $ 1,500 $ - 24-25B (January - June)
24-25B
Total
Fund Sources Fund Sources
Santa Ana Recognized Obligation Payment Schedule (ROPS 24-25) - ROPS Detail July 1, 2024 through June 30, 2025
(Report Amounts in Whole Dollars)
Item #
Project
Name/Debt
Obligation Obligation Type
Contract/
Agreement
Execution
Date
Contract/
Agreement
Termination
Date Payee
Description/Project
Scope
Project
Area
Total
Outstanding
Debt or
Obligation Retired
ROPS 24-25
Total
24-25A (July - December)
24-25A
Total
EXHIBIT 1
A B C D E F G H I J K L M N O P Q R S T U V W
Bond
Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Bond
Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF 24-25B (January - June)
24-25B
Total
Fund Sources Fund Sources
Item #
Project
Name/Debt
Obligation Obligation Type
Contract/
Agreement
Execution
Date
Contract/
Agreement
Termination
Date Payee
Description/Project
Scope
Project
Area
Total
Outstanding
Debt or
Obligation Retired
ROPS 24-25
Total
24-25A (July - December)
24-25A
Total
163 2018 Tax
Allocation
Bonds
Series A-
Indenture
of Trust
Fees 11/8/2018 6/30/2032 Bank of NY
Mellon
Trustee fees Merged 14,400 N $ 1,800 1,800 $ 1,800 $ - 164 2018 Tax
Allocation
Bonds
Series B
Bonds Issued
After 12/31/10
11/8/2018 9/1/2028 Bank of New
York Mellon
Debt service on
bonds to refund
2003 Bonds and
2011 Bonds
Merged 41,728,815 N $ 10,589,151 10,022,567 $ 10,022,567 566,584 $ 566,584 165 2018 Tax
Allocation
Bonds
Series B-
Indenture
of Trust
Fees 11/8/2018 6/30/2029 Keyser
Marston
Associates /
Urban
Futures
Continuing disclosure Merged 4,000 N $ 500 $ - 500 $ 500 166 2018 Tax
Allocation
Bonds
Series B-
Indenture
of Trust
Fees 11/8/2018 6/30/2029 BLX Arbitrage rebate
analysis
Merged 13,500 N $ 1,500 1,500 $ 1,500 $ - 167 2018 Tax
Allocation
Bonds
Series B-
Indenture
of Trust
Fees 11/8/2018 6/30/2029 Bank of NY
Mellon
Trustee fees Merged 9,000 N $ 1,800 1,800 $ 1,800 $ - EXHIBIT 1
Item # Notes/Comments
28 Item has been completed.
30 33
34 35
36 37
62 63
64 66
119
129
160
161
162
163
164
165
166
167
Santa Ana
Recognized Obligation Payment Schedule (ROPS 24-25) - Notes July 1, 2024 through June 30, 2025
EXHIBIT 1
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
1 Beginning Available Cash Balance (Actual 07/01/21)
RPTTF amount should exclude "A" period distribution amount 1,404 0 44,884 1,394,978 The prior report did not include an adjustment for
Other Funds. The beginning balance was adjusted
to reconcile to the cash balance as of June 30, 2021.
2 Revenue/Income (Actual 06/30/22)
RPTTF amount should tie to the ROPS 21-22 total distribution from the County Auditor-Controller
- 250,826 5,224,307 3 Expenditures for ROPS 21-22 Enforceable Obligations
(Actual 06/30/22)
226,471 6,743,444
4 Retention of Available Cash Balance (Actual 06/30/22) RPTTF amount retained should only include the amounts distributed as reserve for future period(s)
1,404
5 ROPS 21-22 RPTTF Prior Period Adjustment
RPTTF amount should tie to the Agency's ROPS 21-22 PPA form submitted to the CAC
85,472
6 Ending Actual Available Cash Balance (06/30/22)
C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5)
0$ 0$ 0$ 69,239$ (209,631)$ Notified DOF of negative balance and will analyze
balance.
No entry required
Santa Ana 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.
ROPS 21-22 Cash Balances
(07/01/21 - 06/30/22)
Fund Sources
Comments
Bond Proceeds
EXHIBIT 1