Section 3. The City Manager and Finance Director are hereby authorized and directed to take action necessary to carry out the purposes of this Resolution and comply with applicable law regarding the ROPS 24-25, including submitting the ROPS 24-25 to the Countywide Oversight Board for approval, and submission of the Approved ROPS to the Kern County Auditor-Controller, the California State Controller, and the State of California Department of Finance, and posting the Approved ROPS on the Successor Agency’s website.
Section 4. The City Clerk shall certify the adoption of this Resolution.
On motion by _________________, seconded by _________________, and on the following roll-call vote, to wit:
AYES: Board Members -
NOES: Board Members -
ABSENT: Board Members -
ABSTAIN: Board Members -
the foregoing Resolution was PASSED, APPROVED, and ADOPTED at a regular meeting of the Successor Agency, Taft, California this 19th day of December, 2023. _______________________________
Dave Noerr, Mayor
Attest:
________________________________
Yvette Mayfield, MMC
City Clerk
Recognized Obligation Payment Schedule (ROPS 24-25) - Summary Filed for the July 1, 2024 through June 30, 2025 Period Successor Agency: Taft
County: Kern
Current Period Requested Funding for Enforceable
Obligations (ROPS Detail)
24-25A Total
(July -
December)
24-25B Total
(January -
June)
ROPS 24-25
Total
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) $ 211,365 $ 233,805 $ 445,170 F RPTTF 165,884 165,583 331,467
G Administrative RPTTF 45,481 68,222 113,703
H Current Period Enforceable Obligations (A+E) $ 211,365 $ 233,805 $ 445,170 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
Taft
Recognized Obligation Payment Schedule (ROPS 24-25) - ROPS Detail July 1, 2024 through June 30, 2025
A B C D E F G H I J K L M N O P Q R S T U V W
Item
# Project Name Obligation Type
Agreement
Execution
Date
Agreement
Termination
Date
Payee Description Project
Area
Total
Outstanding
Obligation
Retired
ROPS
24-25
Total
ROPS 24-25A (Jul - Dec)
24-25A
Total
ROPS 24-25B (Jan - Jun)
24-25B
Total
Fund Sources Fund Sources
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin RPTTF
Bond
Proceeds
Reserve
Balance
Other
Funds
RPTTF
Admin
RPTTF
$1,127,091 $445,170 $- $- $- $165,884 $45,481 $211,365 $- $- $- $165,583 $68,222 $233,805 2 Trustee Fees Fees 12/01/
1998
01/01/2028 TPFA /
US Bank
##
Trustee
Fees
1 2,070 N $2,070 - - - - - $- - - - 2,070 - $2,070
3 Loan
Agreement
City/County
Loan (Prior 06/
28/11), Cash
exchange
06/30/
2009
06/30/2015 City of
Taft ***vvv
SERAF
Loan
1 - N $- - - - - - $- - - - - - $-
4 Loan
Agreement
City/County
Loan (Prior 06/
28/11), Cash
exchange
07/01/
2013
06/30/2033 City of
Taft **vv
Purchase
Property &
Operating
Expenses
1 - N $- - - - - - $- - - - - - $-
9 Administration
Expenses
Admin Costs 07/01/
2019
06/30/2020 Successor
Agency
Admin.
Expense
of
successor
Agency
1 113,703 N $113,703 - - - - 45,481 $45,481 - - - - 68,222 $68,222 13 Authority
Loan/PFA
2019
Revenue
Bond
Fees 07/01/
2019
06/30/2020 BLX
Group
Bond
Arbitage
Analysis
- N $- - - - - - $- - - - - - $-
14 Authority
Loan / PFA
2019
Revenue
Bond
Bond
Reimbursement
Agreements
06/01/
2019
02/01/2028 TPFA /
US Bank
##
Loan
Agreement
/ Revenue
Bond
1 1,011,318 N $329,397 - - - 165,884 - $165,884 - - - 163,513 - $163,513 Taft
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.
A B C D E F G H
ROPS 21-22 Cash Balances
(07/01/21 - 06/30/22)
Fund Sources
Comments
Bond Proceeds 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.
2 Revenue/Income (Actual 06/30/22)
RPTTF amount should tie to the ROPS 21-22 total
distribution from the County Auditor-Controller
1,027 461,202
3 Expenditures for ROPS 21-22 Enforceable Obligations
(Actual 06/30/22)
1,027 271,283
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)
189,919 Retaining funds for outstanding debt in
relation to property that is listed on the long
term property management plan, Plus
additional debt that is due July.
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
No entry required
6 Ending Actual Available Cash Balance (06/30/22)
C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5)
$- $- $- $- $-
Taft
Recognized Obligation Payment Schedule (ROPS 24-25) - Notes July 1, 2024 through June 30, 2025
Item # Notes/Comments
2 3 Once the bond debt is paid the City does intend to collect on the outstanding debt owed 4 Once the bond debt is paid the city plans on collecting the monies the TCDA borrowed 9 Have higher than normal Admin expenses associated with legal expense in the attempt to dispose of the property that is held and listed on the Long Term Property Management Plan 13 14
REVIEWED BY:
CITY CLERK FINANCE DIRECTOR CITY MANAGER
City of Taft Agenda Report
DATE: December 19, 2023
TO: HONORABLE MAYOR AND COUNCIL MEMBERS
AGENDA MATTER:
MEASURE A CITIZENS’ OVERSIGHT COMMITTEE APPOINTMENT
SUMMARY STATEMENT:
In December 2021, the City Council adopted and ratified Ordinance No. 845-21 enacting a transactions and use tax approved by the voters of the City as Measure A. The Ordinance, as adopted, in Section 4-21-15, requires that the City Council form a citizens oversight committee to review revenue and expenditure of funds from the tax. On May 16, 2023 Resolution No. 4186- 23 establishing the formation and setting forth guidelines and duties of the Committee was adopted.
Per the guidelines, recruitment for the Committee started at the end of October with applications for appointment being accepted by the Clerk’s office through December 1st. Unfortunately, only one qualified applicant, Greg Mudge, applied for appointment.
At this time, it is recommended that Mr. Mudge be appointed to serve on the Measure A Citizens Oversight Committee, and that the City Clerk’s office start another recruitment period after the first of the year. During this recruitment period, the Clerk’s office will attempt even more community outreach to the public to hopefully attain the at least four more qualified applicants needed for the Committee and then bring back an agenda item to Council for appointment.
RECOMMENDED ACTION
Motion to appoint Greg Mudge to a position on the Measure A Citizens Oversight Committee effective January 1, 2024, instruct the City Clerk to open another application period to fill the other four open positions, and find that the activity is not a project per the California Environmental Quality Act (CEQA) as set forth in Section 15060(c)(3) and Section 15378 of the CEQA Guidelines.
IMPACT ON BUDGET (Y/N): No
ATTACHMENT (Y/N): No
PREPARED BY: City Clerk