SUCCESSOR AGENCY RESOLUTION NO. 2026-XX
A RESOLUTION OF THE SUCCESSOR AGENCY TO THE
FORMER COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF SANTA ANA APPROVING THE RECOGNIZED
OBLIGATION PAYMENT SCHEDULE 26-27 FOR THE PERIOD
OF JULY 1, 2026 TO JUNE 30, 2027 PURSUANT TO HEAL TH AND SAFETY CODE SECTION 34177(0), AND PART 1.85 OF
DIVISION 24 OF THE CALIFORNIA HEAL TH 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 G) through (k).
E. The annual ROPS for the July 1, 2026 through June 30, 2027 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, 2026.
Section 2. The Successor Agency approves the Recognized Obligation Payment Schedule 26-27, 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.
Resolution 2026-xx
EXHIBIT 1
Section 3. Pursuant to the Dissolution Act, the Successor Agency further authorizes the transmittal of the ROPS 26-27, upon subsequent Countywide Oversight Board approval, to DOF 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 26-27 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 _____ _, 2026.
APPROVED AS TO FORM:
Sonia R. Carvalho, City Attorney
By: !J&_clu ()p at,4_ � -�
Andrea Garcia-Miller
Senior Assistant City Attorney
A YES: Council members:
NOES: Council members:
ABSTAIN: Councilmembers:
NOT PRESENT: Councilmembers:
Valerie Amezcua
Mayor
Resolution 2026-xx
EXHIBIT 1
CERTIFICATION OF ATTESTATION AND ORIGINALITY
I, __________ , City Clerk do hereby attest to and certify the attached Resolution No. 2026-XX to be the original resolution adopted by the City Council acting as the Successor Agency to the former Community Redevelopment Agency on January _,2026.
Date: ---------
City Clerk
City of Santa Ana
Resolution 2026-xx
EXHIBIT 1
Exhibit A
EXHIBIT 1
Recognized Obligation Payment Schedule (ROPS 26-27) - Summary Filed for the July 1, 2026 through June 30, 2027 Period Successor Agency: Santa Ana
County: Orange
Current Period Requested Funding for Enforceable
Obligations (ROPS Detail)
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):
F RPTTF
G Administrative RPTTF
H Current Period Enforceable Obligations (A+E):
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. Isl 26-27 A Total
(July -
December)
26-27 Total
(January
June)
ROPS 26-27
Total
$ 113,236 $ 113,236 $ 226,472
113,236 113,236 226,472
$12,871,699 $ 339,598 $ 13,211,297
12,835,472 303,371 13,138,843
36,227 36,227 72,454
$12,984,935 $ 452,834 $ 13,437,769
Name Title
----------------
Signature Date
EXHIBIT 1
Santa Ana Recognized Obligation Payment Schedule (ROPS 26•27) • ROPS Detail July 1, 2026 through June 30, 2027
(Re ,ort Amounts in Whole Dollars)
A B C D E F G H I J K L M N 0 p Q R s T u V w
26-27A /Julv • December) 26-27B/Januarv-June)
Contract/ ContracU Total Fund Sources Fund Sources Project Agreement Agreement Outstanding Name/Debt Execution Tenninatlon Description/Project Project Debt or ROPS26-27 Bond 26-27A Bond 26-27B Item# Obligation Obligation Type Date Date Payee Scope Area Obligation Retired Total Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Total Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Total $ 36,279,983 $ 13,437,769 $ 0 $ 0 $ 113,236 $ 12 835,472 $ 36,227 $ 12,984,935 S 0 $ 0 $ 113 236 $ 303 371 $ 36 227 $ 452 834 30 Erickson Business 1/19/2006 6/30/2032 Erickson Leasehold Rights on Merged 339,707 N $ 226,472 113,236 $ 113,236 113,236 $ 113,236 Lease Incentive Prop. Corp. AutoMall Property
Agreement- Agreements
Honda
33 Off Site lmprovement/lnfr 4/4/2005 6130/2032 Various Construction of Merged 5,000,000 N $ $ $ lmprovemen astructure Publidy Owned
ts (Nexus) Improvements -
Nexus
34 Project Project 4/4/2005 6130/2032 Successor Project Management I Merged 123,250 N $ $ $ Costs for Management Agency / Services
ltem#33 Costs Various
35 SA Venture OPA/DDA/Const 5/15/1984 6130/2032 Various Pennit Fee Obligation Merged 1,600,000 N $ $ $ Partnership ruction for Improvements
& Other
MainPlace
Agreements
36 Project Project 5/15/1984 6130/2032 Successor Project Management I Merged 100,000 N $ $ $ Costs for Management Agency! Services
ltem#35 Costs Various
37 DDA· OPA/DDA/Const 4/21/1997 6130/2032 City of Santa Pennit Fee Obligation Merged 199,000 N $ $ $ Discovery ruction Ana for Expansion
Science
Center
62 Audited Professional 5/14/2003 6130/2032 MGO / C;(y of Required Per Bond Merged 30,000 N $ 5,000 5,000 $ 5,000 $ Financial Services Santa Ana / Documents / AB 1484
Statements! Various
Due
Diligence
Reviews
63 Employee Unfunded 2/1/2012 6130/2032 CaJPERS / Public Employee Merged 120,448 N $ $ $ Pension Liabilities Successor Defined Benefit
Liability Agency Pension Plan
66 Successor AdminCosts 2/1/2012 6/30/2032 Successor Operating costs Merged 687,546 N $ 72,454 36,227 $ 36,227 36,227 $ 36,227 Agency Agency /
Admin. Various
EXHIBIT 1
A B
Project
Name/Debt
Item# Obliaation
160 2018Tax
Allocation
Bonds Series
A
161 2018Tax
Allocation
Bonds Series
A-Indenture
of Trust
162 2018 Tax
Allocation
Bonds Series
A-Indenture
of Trust
163 2018 Tax
Allocation
Bonds Series
A-Indenture
ofTrust
164 2018Tax
Allocation
Bonds Series
B
165 2018 Tax
Allocation
Bonds Series
B-lndenture
of Trust
166 2018Tax
Allocation
Bonds Series
B-lndenture
ofTrust
167 2018Tax
Allocation
Bonds Series
B-lndenture
of Trust
C
OblioationTvoe
Bonds Issued
After 12/31/10
Fees
Fees
Fees
Bonds Issued
After 12/31/10
Fees
Fees
Fees
D E
Contract/ Contract/
Agreement Agreement
Execution Tenninatlon
Date Date
11/8/2018 9/1/2031
11/8/2018 6/30/2032
11/8/2018 6/30/2032
11/8/2018 6/30/2032
11/8/2018 9/1/2028
11/8/2018 6/30/2029
11/8/2018 6/30/2029
11/8/2018 6/30/2029
F G H I
Total
Outstanding
Description/Project Project Debt or
Pavee Scooe Area Obliaation
Bank of New Debt service on Merged 7,608,375
York Mellon bonds to refund 2003
Bonds and 2011
Bonds
Keyser Continuing disclosure Merged 13,800
Marston
Associates/
Urban
Futures
BLX Arbitrage rebate Merged 12,000
analysis
Bank of NY Trustee fees Merged 14,400
Mellon
Bank of New Debt service on Merged 20,223,585
York Mellon bonds to refund 2003
Bonds and 2011
Bonds
Keyser Continuing disclosure Merged 4,000
Marston
Associates/
Urban
Futures
BLX Arbitrage rebate Merged 12,000
analysis
Bank of NY Trustee fees Merged 9,000
Mellon
J K L M N 0 p Q R s T u V w
26-27A /Julv - December\ 26-27B/Januarv-Junel
Fund Sources Fund Sources
ROPS26-27 Bond 26-27A Bond 26-27B
Retired Total Proceeds Reserve Balance Other Funds RPTTF Admln RPTTF Total Proceeds Reserve Balance Other Funds RPTTF AdmlnRPTTF Total N $ 1,269,625 1,129,375 $ 1,129,375 140,250 s 140,250
N $ 1,725 $ 1,725 $ 1,725
N $ 1,500 1,500 $ 1,500 $
N $ 1,800 1,800 $ 1,800 $
N $ 11,855,218 11,694,497 $ 11,694,497 160,721 $ 160,721 N $ 675 $ 675 $ 675
N $ 1,500 1,500 $ 1,500 $
N $ 1,800 1,800 $ 1,800 $
EXHIBIT 1
Santa Ana
Recognized Obligation Payment Schedule {ROPS 26-27) - Notes July 1, 2026 through June 30, 2027
Item# Notes/Comments
30 33
34 35
36 37
62 63
66 160
161
162
163
164
165
166
167
EXHIBIT 1
Santa Ana Recognized Obligation Payment Schedule (ROPS 26-27) • Report of Cash Balances July 1, 2023 through June 30, 2024
fReoort Amounts In Whole Dollars)
Pursuant to Health and Safety Code section 34177 (I), 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 n::1vment from orooertv tax revenues is reauired bv an enforceable obliaation. For tios on how to comolete the Reoort of Cash Balances Form, see Cash Balance Tips Sheet.
A B C D E F G H
Fund Sources
Bond Proceeds Reserve Balance Other Funds RPTTF
Prior R0PS RPTTF
and Reserve Rent, Non-Admln
R0PS 23--24 cash Balances Bonds Issued on or Bonds Issued on or Balances retained for Grants, and (07101/23 • 06130/24} before 12/31/10 after 01/01/11 future perlod(s) Interest, etc. Admln Comments 1 Beginning Avallable Cash Balance (Aetual 07/01/23)
RPTTF amount should exclude "A" period distribution amount 16,024 0 566 671 291 812
City received guidance from 00F and have updated
I RAninnina Cash Balances.
2 Revenuenncome (Actual 06/30/24)
RPTTF amount should tie to the R0PS 23-24 total distribution from the County Auditor-Controller
7,317 2so,n1 11,729,972
3 Expenditures for R0PS 23--24 Enforceable Obligations
(Actual 06/30/24)
0 227 102 11599 088
4 Retention of Available Cash Balance {Actual 06/30/24) RPTTF amount retained should only include the amounts distributed as reserve for future period(s)
23 341 0 0
5 R0PS 23-24 RPTTF Prior Period Adjustment
RPTTF amount should tie to the Agency's R0PS 23-24 PPA fom, submitted to the CAC No entry required
187 369
6 Ending Actual Available Cash Balance {06/30/24)
Ct oF={1 +2-3-4),G ={1 +2-3-4-5)
s 0 S 0 S 0 s 590 340 s 235 327
EXHIBIT 1