OSB 15-004RESOLUTION NO. OSB 15 -004
A RESOLUTION OF THE OVERSIGHT BOARD TO THE
SUCCESSOR AGENCY OF THE POWAY REDEVELOPMENT AGENCY
APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE
(ROPS) AND THE ADMINISTRATIVE BUDGETS FOR THE PERIOD
FROM JANUARY 1, 2016 THROUGH JUNE 30, 2016
WHEREAS, Assembly Bill (AB) X1 26 requires the Oversight Board to review and certify
the Recognized Obligation Payment Schedule (ROPS) for every six month period, beginning
January 1, 2012; and
WHEREAS, AB 1484 requires the ROPS for January through June 2016 be approved
by the Oversight Board and submitted by October 5, 2015; and
WHEREAS, AB 1484 requires that all actions taken by the Oversight Board be adopted
by resolution (Health and Safety Code § 34179(e)); and
WHEREAS, "Exhibit A" attached hereto and incorporated by reference herein is the
ROPS covering the period from January 1, 2016 through June 30, 2016; and
WHEREAS, in accordance with Health and Safety Code Sections 34171(b) and
34183(a)(3), Successor Agency staff prepared an administrative budget for the six -month fiscal
period commencing January 1, 2016, and continuing through June 30, 2016 (the "FY 15 -16B
Administrative Budget ") "Exhibit B "; and
WHEREAS, AB 1484 requires that the FY 15 -16B Administrative Budget must be
submitted by the Successor Agency to the Oversight Board for the Oversight Board's approval.
WHEREAS, AB 471 established a "housing entity administrative cost allowance" for
local housing authorities that assumed the housing functions of former redevelopment
agencies; and
WHEREAS, in accordance with Health and Safety Code 34171(p), as amended by AB
471, Successor Agency staff prepared a "housing entity administrative cost allowance" for the
Poway Housing Authority for the six -month period commencing January 1, 2016 through June
30, 2016 (the "FY 15 -16B Administrative Budget for the Poway Housing Authority ") "Exhibit C ";
and
WHEREAS, AB 471 requires that the FY 15 -16B Administrative Budget for the Poway
Housing Authority be listed by the Successor Agency on the ROPS submitted to the Oversight
Board; and
NOW, THEREFORE, BE IT RESOLVED by the Oversight Board to the Successor
Agency of the Poway Redevelopment Agency as follows:
Resolution No. OSB 15 -004
Page 3
STATE OF CALIFORNIA )
) ss.
COUNTY OF SAN DIEGO)
I, Sheila R. Cobian, Secretary of the Successor Agency to the Poway Redevelopment
Agency, do hereby certify under penalty of perjury that the foregoing Resolution No. OSB 15-
004 was duly adopted by the Oversight Board to the Successor Agency of the Poway
Redevelopment Agency at a meeting of said Board held on the 231d day of September 2015,
and that it was so adopted by the following vote:
AYES: FONG- SAKAI, CONIGLIO, LYON, SCOTT, HERNDON
NOES: NONE
ABSENT: THOLANDI, TAM
DISQUALIFIED: NONE
aa a�
Sheila R. Cobian, CIVIC, Secretary
Attachments:
Exhibit A — ROPS 15 -16B for the period of January 1, 2016 through June 30, 2016
Exhibit B — FY 15 -16B Administrative Budget for the period of January 1, 2016 through
June 30, 2016
Exhibit C — FY 15 -16B Administrative Budget for the Poway Housing Authority for the
periods of January 1, 2016 through June 30, 2016
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Exhibit B
SUCCESSOR AGENCY TO THE POWAY REDEVELOPMENT AGENCY
RECOGNIZED OBLIGATION PAYMENT SCHEDULE 15 -16B
FY 15 -16B ADMINISTRATIVE BUDGET
JANUARY 1, 2016 - JUNE 30, 2016
This document constitutes the Administrative Budget of the Successor Agency to the Poway
Redevelopment Agency, pursuant to AB X1 26 (as amended by AB 1484), which requires
the dissolution and wind -down of the affairs of the former Poway Redevelopment Agency.
This Administrative Budget has been prepared by the Successor Agency and will be
submitted to the Oversight Board for approval in accordance with the requirements of Health
and Safety Code (HSC) Section 341770). This Administrative Budget will also be provided
to the County Auditor Controller (CAC) as required by HSC 34177(k).
This Administrative Budget accompanies the Successor Agency's Recognized Obligation
Payment Schedule (ROPS) 15 -16B prepared pursuant to HSC 34177(1) for the period
January 1, 2016 through June 30, 2016. It should be noted this budget includes the general
administrative costs of the Successor Agency only. This budget does not include
administrative costs associated with work on specific projects or program implementation
activities; project- specific administrative costs are set forth separately on the ROPS.
This Administrative Budget is prepared in three parts in accordance with HSC 341770)(1),
(2), and (3), and it demonstrates the Successor Agency's "administrative cost allowance," as
defined and authorized by HSC 34171(b). As required by HSC 34177(k), the Successor
Agency will report to the CAC that its administrative cost allowance to be paid from property
taxes deposited in the Redevelopment Property Tax Trust Fund is $255,206.
A. Estimated amounts for Successor Agency administrative costs for the upcoming six -
month fiscal period (HSC 34177(1)(1)).
Successor Agency to the Poway Redevelopment Agency
Administrative Budget - January 1, 2016 to June 30, 2016
Activities may be added, revised, or deleted from this listing as necessary and
appropriate during the course of the former Redevelopment Agency wind -down
process. The costs shown are estimates only. Actual costs required may be higher
or lower than the amount shown, not to exceed the aggregate total.
FY 15 -16B Administrative Budget - January 1, 2016 through June 30, 2016
Page 2
B. Proposed sources of payment for the administrative costs identified for the upcoming
six -month fiscal period (HSC 34177(j)(2)).
As authorized pursuant to HSC 34183(a)(3), the proposed sources of payment for the
identified administrative costs is the Redevelopment Property Tax Trust Fund
established and maintained by the CAC pursuant to HSC 34170.5(b).
C. Proposals for arrangements for administrative and operations services provided by
the City or other entities (HSC 34177(j)(3)).
The City of Poway will provide staff services and office materials and equipment to
administer the responsibilities of the Successor Agency and will draw upon the
services of outside consultants to provide special services for the wind -down of the
former Redevelopment Agency to the extent City staff lacks the necessary expertise
or capacity.
Exhibit C
POWAY HOUSING AUTHORITY
RECOGNIZED OBLIGATION PAYMENT SCHEDULE 15 -16B
FY 15 -16B ADMINISTRATIVE BUDGET
JANUARY 1, 2016 —JUNE 30, 2016
This document constitutes the Administrative Budget of the Poway Housing Authority
pursuant to AB 471. This Administrative Budget has been prepared by the Successor
Agency to the Poway Redevelopment Agency and will be listed on the ROPS 15 -16B to be
submitted for Oversight Board and Department of Finance approval, in accordance with the
requirements of Health and Safety Code (HSC) Section 34171(p).
HSC 34171, as amended by AB 471:
(p) From July 1, 2014, to July 1, 2018, inclusive, "housing entity administrative cost
allowance" means an amount of up to 1 percent of the property tax allocated to the
Redevelopment Obligation Retirement Fund on behalf of the successor agency for each
applicable fiscal year, but not less than one hundred fifty thousand dollars ($150,000) per
fiscal year.
(1) If a local housing authority assumed the housing functions of the former
redevelopment agency pursuant to paragraph (2) or (3) of subdivision (b) of Section
34176, then the housing entity administrative cost allowance shall be listed by the
successor agency on the Recognized Obligation Payment Schedule. Upon approval of
the Recognized Obligation Payment Schedule by the oversight board and the
department, the housing entity administrative cost allowance shall be remitted by the
successor agency on each January 2 and July 1 to the local housing authority that
assumed the housing functions of the former redevelopment agency pursuant to
paragraph (2) or (3) of subdivision (b) of Section 34176.
(2) If there are insufficient moneys in the Redevelopment Obligations Retirement Fund in
a given fiscal year to make the payment authorized by this subdivision, the unfunded
amount may be listed on each subsequent Recognized Obligation Payment Schedule
until it has been paid in full. In these cases the five -year time limit on the payments shall
not apply.
Consistent with these provisions, the Successor Agency has included a "housing entity
administrative cost allowance" of $75,000 on ROPS 15 -16B, for the six -month period
beginning January 1, 2016 through June 30, 2016. This amount represents one -half of the
minimum annual allowance. Additionally, the Successor agency has included $225,000 on
the ROPS 15 -16B for the eighteen -month period July 1, 2014 through December 31, 2015
for previous housing entity administrative cost allowances that were denied by the California
Department of Finance.