Resolution - Last and Final ROPS — Santa Clarita City Council, August 26, 2025

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RESOLUTION NO. SA 25-

A RESOLUTION OF THE GOVERNING BOARD OF THE SUCCESSOR

AGENCY TO THE REDEVELOPMENT AGENCY OF THE

CITY OF SANTA CLARITA, CALIFORNIA, APPROVING THE LAST AND

FINAL RECOGNIZED OBLIGATION PAYMENTS SCHEDULE (ROPS)

WHEREAS, pursuant to AB X1 26, enacted on June 28, 2011, and as subsequently amended by AB 1484, SB 341, and SB 107 (Dissolution Act), the Redevelopment Agency to the City of Santa Clarita was dissolved as of February 1, 2012, and the City of Santa Clarita elected to serve as the Successor Agency to the former Redevelopment Agency to the City of Santa Clarita; and

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; and

WHEREAS, the Fifth Supervisorial District Consolidated Oversight Board (5th District Consolidated Oversight Board) has jurisdiction over the Successor Agency of the Former Redevelopment Agency to the City of Santa Clarita; and

WHEREAS, the Governing Board of the Successor Agency to the Redevelopment Agency of the City of Santa Clarita held a regular meeting on August 26, 2025.

NOW, THEREFORE, the Governing Board of the Successor Agency to the Redevelopment Agency of the City of Santa Clarita, California, does hereby resolve as follows:

SECTION 1. The Governing Board of the Successor Agency to the Redevelopment Agency of the City of Santa Clarita hereby approves the Successor Agency’s Last and Final Recognized Obligation Payment Schedule (ROPS) for the period of July 1, 2026 to June 30, 2043, attached hereto as Exhibit “A.”

SECTION 2. The Secretary of the Successor Agency to the Redevelopment Agency of the City of Santa Clarita shall certify the adoption of this resolution.

SECTION 3. The Successor Agency’s officials and staff are hereby authorized and directed to transmit this resolution and take all other necessary and appropriate actions as required by law in order to effectuate its purposes.

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PASSED, APPROVED, AND ADOPTED this 26th day of August 2025.

______________________________
CHAIR

ATTEST:

_______________________________

SECRETARY

DATE:__________________________

STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.

CITY OF SANTA CLARITA )

I, Mary Cusick, Secretary of the Successor Agency to the Redevelopment Agency of the City of Santa Clarita do hereby certify that the foregoing Resolution No. SA 25- was duly adopted by the Governing Board of the Successor Agency to the Redevelopment Agency of the City of Santa Clarita at a regular meeting thereof, held on the 26th day of August 2025, by the following vote:

AYES: BOARDMEMBERS:

NOES: BOARDMEMBERS:

ABSENT: BOARDMEMBERS:

______________________________

SECRETARY

Successor Agency: Santa Clarita
County: Los Angeles
Initial ROPS Period ROPS 26-27A
Final ROPS Period ROPS 42-43B
Requested Funding for Enforceable Obligations
Total Outstanding
Obligation
A 31,650,760$
B -
C 31,650,760
D 48,067,927$
E 48,067,927
F -
G Total Outstanding Enforceable Obligations (A+D): 79,718,686$ Name Title
/s/
Signature Date
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 agency.

Last and Final Recognized Obligation Payment Schedule (ROPS) - Summary Filed for the July 1, 2026 through June 30, 2043 Period Enforceable Obligations Funded as Follows (B+C):

RPTTF
Redevelopment Property Tax Trust Fund (RPTTF) (E+F):

Bond Proceeds
Other Funds
Exhibit A
Bond
Proceeds Other Funds RPTTF
Admin
RPTTF
Bond
Proceeds Other Funds RPTTF
Admin
RPTTF
-$ 31,650,760$ 13,450,396$ -$ 45,101,156$ -$ -$ 34,617,530$ -$ 34,617,530$ 79,718,686$ ROPS 26-27A - 1,650,022 1,361,081 - $ 3,011,103 ROPS 26-27B - - 2,160,390 - $ 2,160,390 $ 5,171,493 ROPS 27-28A - 1,676,522 1,373,350 - $ 3,049,872 ROPS 27-28B - - 2,164,610 - $ 2,164,610 $ 5,214,482 ROPS 28-29A - 1,698,597 1,473,727 - $ 3,172,324 ROPS 28-29B - - 2,166,089 - $ 2,166,089 $ 5,338,413 ROPS 29-30A - 1,719,300 1,534,679 - $ 3,253,979 ROPS 29-30B - - 2,162,414 - $ 2,162,414 $ 5,416,393 ROPS 30-31A - 1,747,425 1,621,277 - $ 3,368,702 ROPS 30-31B - - 2,172,434 - $ 2,172,434 $ 5,541,136 ROPS 31-32A - 1,779,897 1,670,196 - $ 3,450,093 ROPS 31-32B - - 2,163,864 - $ 2,163,864 $ 5,613,956 ROPS 32-33A - 1,795,572 1,750,167 - $ 3,545,739 ROPS 32-33B - - 2,162,108 - $ 2,162,108 $ 5,707,846 ROPS 33-34A - 1,819,653 1,814,209 - $ 3,633,862 ROPS 33-34B - - 2,163,542 - $ 2,163,542 $ 5,797,404 ROPS 34-35A - 1,847,828 812,534 - $ 2,660,363 ROPS 34-35B - - 2,157,984 - $ 2,157,984 $ 4,818,347 ROPS 35-36A - 1,870,006 4,406 - $ 1,874,412 ROPS 35-36B - - 2,163,636 - $ 2,163,636 $ 4,038,048 ROPS 36-37A - 1,905,288 4,538 - $ 1,909,825 ROPS 36-37B - - 2,171,853 - $ 2,171,853 $ 4,081,678 ROPS 37-38A - 1,944,350 4,674 - $ 1,949,024 ROPS 37-38B - - 2,162,448 - $ 2,162,448 $ 4,111,471 ROPS 38-39A - 1,967,100 4,814 - $ 1,971,914 ROPS 38-39B - - 2,161,545 - $ 2,161,545 $ 4,133,459 ROPS 39-40A - 2,001,600 4,959 - $ 2,006,559 ROPS 39-40B - - 2,157,845 - $ 2,157,845 $ 4,164,404 ROPS 40-41A - 2,034,700 5,107 - $ 2,039,807 ROPS 40-41B - - 2,161,349 - $ 2,161,349 $ 4,201,156 ROPS 41-42A - 2,076,400 5,261 - $ 2,081,661 ROPS 41-42B - - 2,161,655 - $ 2,161,655 $ 4,243,316 ROPS 42-43A - 2,116,500 5,418 - $ 2,121,918 ROPS 42-43B - - 3,765 - $ 3,765 $ 2,125,683 Fund Sources
B Period
January - June
ROPS Period
Santa Clarita Last and Final Recognized Obligation Payment Schedule (ROPS) - ROPS Detail Twelve-Month Total
Fund Sources
Six-Month
Total
Six-Month
Total
A Period
July - December
ROPS Period
July 1, 2026 through June 30, 2043

A B C D E F G
46 Reinstatement of loans made by the
City to the former RDA
City/County Loan (Prior
06/28/11), Cash
exchange
2/24/2015 7/8/2043 City of Santa Clarita Repayment of loans made to former RDA by the City of Santa
Clarita.
52 Series 2017 Tax Allocation
Refunding Bonds
Refunding Bonds Issued
After 6/27/12
2/2/2017 10/1/2042 Bank of New York Advance Refunded: 1) Tax Allocation Bonds Series 2008
(bonds issued to fund
redevelopment projects) and 2)
Housing Set-Aside Tax Allocation
Bonds Series 2008 (bonds issued
to fund low and moderate income
housing projects and programs)
53 Annual Trustee Fee for Series 2017
Tax Allocation Bond
Professional Services 7/1/2026 6/30/2043 Bank of New York Bonds issued to fund redevelopment projects and low
and moderate income housing
projects and programs
54 Continuing Disclosure/Post
Issuance Compliance for Series
2017 Tax Allocation Refunding
Professional Services 7/1/2026 6/30/2043 Digital Assurance Certification LLC
Continuing disclosure/post
issuance compliance
55 Auditing Services Fees 7/1/2026 6/30/2043 The Pun Group, LLP (or current audit firm
awarded audit contract)
Auditing services
Santa Clarita Last and Final Recognized Obligation Payment Schedule (ROPS) - ROPS Detail Item # Payee Description/Project ScopeProject Name/Debt Obligation Obligation Type Contract/Agreement
Execution Date
Contract/Agreement
Termination Date
July 1, 2026 through June 30, 2043
(Report Amounts in Whole Dollars)
A B
46 Reinstatement of loans made by the
City to the former RDA
52 Series 2017 Tax Allocation
Refunding Bonds
53 Annual Trustee Fee for Series 2017
Tax Allocation Bond
54 Continuing Disclosure/Post
Issuance Compliance for Series
2017 Tax Allocation Refunding
55 Auditing Services