OSB 16-001RESOLUTION NO. OSB 16 -001
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 JULY 1, 2016 THROUGH JUNE 30, 2017
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, SB 107 revised the ROPS submittal schedule and requires the ROS for
July 2016 through June 2017 be approved by the Oversight Board and submitted by
February 1, 2016; 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 July 1, 2016 through June 30, 2017; 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 one -year
fiscal period commencing July 1, 2016, and continuing through June 30, 2017 (the "FY 16-
17 Administrative Budget ") "Exhibit B "; and
WHEREAS, AB 1484 requires that the FY 16 -17 Administrative Budget must be
submitted by the Successor Agency to the Oversight Board for the Oversight Board's
approval; and
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 one -year period commencing July 1, 2016 through
June 30, 2017 (the "FY 16 -17 Administrative Budget for the Poway Housing Authority ")
"Exhibit C ": and
WHEREAS, AB 471 requires that the FY 16 -17 Administrative Budget for the Poway
Housing Authority be listed by the Successor Agency on the ROPS submitted to the
Oversight Board.
NOW, THEREFORE, BE IT RESOLVED by the Oversight Board to the Successor
Agency of the Poway Redevelopment Agency as follows:
Resolution No. OSB 16 -001
Page 2
Section 1. The ROPS for the period of July 1, 2016 through June 30, 2017 is hereby
adopted.
Section 2. The City Manager of the City of Poway, or designee, is authorized to submit
the ROPS to the appropriate State and County authorities, and to post it on the City of Poway
website, in accordance with the requirements of AB 1484.
Section 3. The Oversight Board hereby approves the FY 16 -17 Administrative Budget in
the form on file with the secretary of the Oversight Board (the "Approved FY 16 -17
Administrative Budget "), and authorizes the Successor Agency to incur costs for the general
administrative activities and functions described in the Approved FY 16 -17 Administrative
Budget.
Section 4. The Oversight Board finds that the Approved FY 16 -17 Administrative Budget
supports an Administrative Cost Allowance to the Successor Agency in the maximum
authorized amount of $468,148 for the oneiyear period of July 1, 2016 through June 30,
2017.
Section 5. The Successor Agency is authorized and directed to enter into any
agreements and amendments to agreements necessary to memorialize and implement the
agreements and obligations in the Approved FY 16 -17 Administrative Budget, and herein
approved by the Oversight Board.
Section 6. The Oversight Board finds that the FY 16 -17 Administrative Budget for the
Poway Housing Authority supports an Administrative Cost Allowance to the Poway Housing
Authority in the minimum authorized amount of $150,000 for the one -year period of July 1,
2016 through June 30, 2017.
Section 7. The Oversight Board hereby authorizes and directs the Successor Agency
staff to take all actions necessary under AB 1484 to file, post, mail or otherwise deliver via
electronic mail, internet posting, and /or hardcopy, all notices and transmittals necessary or
convenient in connection with the approval of the Approved FY 16 -17 Administrative Budget
and to take any other actions necessary to ensure the validity of the Approved FY 16 -17
Administrative Budget and the validity of any, expenditures listed thereon.
i
Resolution No. OSB 16 -001
Page 3
PASSED, ADOPTED AND APPROVED by the Oversight Board to the Successor
Agency of the Poway Redevelopment Agency at a meeting thereof this 19th day of January
2016.
Lois Fong -Sa ai, Chair of the Oversight
Board to the,Successor Agency of the
Poway Redevelopment Agency
ATTEST:
Sheila K Cobian, CMC, Secretary of the
Oversight Board to the Successor Agency
of the Poway Redevelopment Agency
Attachments:
Exhibit A — ROPS 16 -17 for the period of July 1, 2016 through June 30, 2017
Exhibit B — FY 16 -17 Administrative Budget for the period of July 1, 2016 through
June 30, 2017
Exhibit C — FY 16 -17 Administrative Budget for the Poway Housing Authority for the
periods of July 1, 2016 through June 30, 2017
Resolution No. OSB 16 -001
Page 4
STATE OF CALIFORNIA ) SECRETARY'S CERTIFICATE
) ss.
COUNTY OF SAN DIEGO) RE ADOPTION OF RESOLUTION
I, Sheila R. Cobian, CIVIC, Secretary of the Successor Agency to the Poway
Redevelopment Agency, do hereby certify under penalty of perjury that the foregoing
Resolution No. OSB 16 -001 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 19th
day of January 2016, and that it was so adopted by the following vote:
AYES: FONG- SAKAI, LYON, SCOTT, CONIGLIO, HERNDON
NOES: NONE
ABSENT: BEIRNE, THOLANDI
DISQUALIFIED: NONE
9heila_R. Cobian, CMC, Secretary of the
Oversight Board to the Successor Agency
of the Poway Redevelopment Agency
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Resolution No. 16 -001
Page 9
Exhibit B
SUCCESSOR AGENCY TO THE POWAY REDEVELOPMENT AGENCY
RECOGNIZED OBLIGATION PAYMENT SCHEDULE 16 -17
FY 16 -17 ADMINISTRATIVE BUDGET
JULY 1, 2016 - JUNE 30, 2017
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) 16 -17 prepared pursuant to HSC 34177(1) for the period July 1,
2016 through June 30, 2017. 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 $468,148.
A. Estimated amounts for Successor Agency administrative costs for the upcoming
one -year fiscal period (HSC 34177(1)(1)).
Successor Agency to the Poway Redevelopment Agency
Administrative Budget - July 1, 2016 to June 30, 2017
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.
Resolution No. 16 -001
FY 16 -17 Administrative Budget - July 1, 2016 through June 30, 2017 Page 10
Page 2
B. Proposed sources of payment for the administrative costs identified for the upcoming
one -year fiscal period (HSC 34177(")(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(4)(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.
Resolution No. 16 -001
Page 11
Exhibit C
POWAY HOUSING AUTHORITY
RECOGNIZED OBLIGATION PAYMENT SCHEDULE 16 -17
FY 16 -17 ADMINISTRATIVE BUDGET
JULY 1, 2016 — JUNE 30, 2017
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 16 -17 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 $150,000 on ROPS 16 -17, for the one -year period
beginning July 1, 2016 through June 30, 2017. This amount represents the minimum
annual allowance. Additionally, the Successor agency has included $300,000 on the ROPS
16 -17 for the twenty- four -month period July 1, 2014 through June 30, 2016 for previous
housing entity administrative cost allowances that were denied by the California
Department of Finance.