OSB 17-002RESOLUTION NO. OSB 17-002
A RESOLUTION OF THE OVERSIGHT BOARD TO THE
SUCCESSOR AGENCY OF THE POWAY
REDEVELOPMENT AGENCY APPROVING THE
AMENDED RECOGNIZED OBLIGATION PAYMENT
SCHEDULE (ROPS) FOR THE PERIOD FROM
JANUARY 1, 2018 THROUGH JUNE 30, 2018
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;
WHEREAS, the Oversight Board approved the ROPS 17-18 by Resolution No.
OSB 17-001 on January 19, 2017;
WHEREAS, SB 107 revised the ROPS submittal schedule and requires the ROPS
for July 2017 through June 2018 be approved by the Oversight Board and submitted by
February 1, 2017;
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 Amended ROPS covering the period from January 1, 2018 through June 30, 2018.
NOW, THEREFORE, BE IT RESOLVED by the Oversight Board to the Successor
Agency of the Poway Redevelopment Agency as follows:
Section 1. The Amended ROPS for the period of January 1, 2018 through June 30,
2018 Exhibit A is hereby adopted.
Section 2. The City Manager of the City of Poway, or designee, is authorized to submit
the Amended 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.
Resolution No. OSB 17-002
Page 2
PASSED, ADOPTED AND APPROVED by the Oversight Board to the Successor
Agency of the Poway Redevelopment Agency at a meeting thereof this 14th day of
September 2017.
Lois Fong-Sa 1#i, Chair
yaw_ ,�
cy� `
NaJ CMC, Secretary of the
Oversight Board to the Successor Agency
of the Poway Redevelopment Agency
STATE OF CALIFORNIA )
) ss.
COUNTY OF SAN DIEGO)
I, Nancy Neufeld, Secretary of the Successor Agency to the Poway
Redevelopment Agency, do hereby certify under penalty of perjury that the foregoing
Resolution No. OSB 17-002 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 14th
day of September 2017, and that it was so adopted by the following vote:
AYES: FONG-SAKAI, LYON, BEIRNE (via teleconference), CONIGLIO
NOES: NONE
ABSENT: HERNDON, LITTLE, SCOTT
DISQUALIFIED: NONE
N�
t�Nancy eu eld, CMC, Secretary of the
Oversight Board to the Successor Agency
of the Poway Redevelopment Agency
Amended Recognized Obligation Payment Schedule (ROPS 17-1813) - Summary
Filed for the January 1, 2018 through June 30, 2018 Period
Successor Agency: Poway
County: San Diego
ROPS 17-18B ROPS 17-18B ROPS 17-18B
Current Period Requested Funding for Enforceable Obligations (ROPS Detail) Authorized Amounts Requested Adjustments Amended 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):
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.
$ 585,814 $ 4,755,528 $ 5,341,342
585,814
4,755,528
5,341,342
$ 7,088,867 $ (4,755,528) $ 2,333,339
6,877,448
(4,755,528)
2,121,920
211,419 211,419
$ 7,674,681 $ - $ 7,674,681
Lois Fong -Sakai Chair
Name
Title
/s/ �61 7241L 14 -Sep -17
Signature 0 Date
Payment bcneaute (Nuts 1 r -Tea) - nurs uelan
January 1, 2018 through June 30, 2018
AUTHORIZED AMOUNTS
REQUESTED ADJUSTMENTS
Fund Sources
Fund Sources
Total Outstanding
Item # Project Name/Debt Obligation
Obligation Type
Balance
Bond Proceeds
Reserve Balance
Other Funds
RPTTF
Admin RPTTF
Total Bond Proceeds
Reserve Balance Other Funds
RPTTF Admin RPTTF
Total
Notes
$
224,171,389
$
- $
- $
585,814
$ 6877448
$
211,419 $
7,674,681 $ -
$ - $ 4,755,528 $
4,755528 $ -
$
-
5 2005 Certificates of Panic Refunding Bonds
Bonds Issued On or Before
$
438,600
$
-
$
12 Owner Partici ation A reement
OPA/DDA/Construction
$
295,000
$
$
-
14 Jutl Ment C
Ligation
$
-
$
- $
-
-
$ -
$
$
-
$ %€
-
26 Contract for Le al Services
Local
$
$
$
-
30ConlractforArbodslsServices
Property Maintenance
$
$
- $
-
$ -
$
- $
$
-
32 Contract for remediation services
Remediation
$
20,000
10,000
$
10,000
$
-
40 Contract for consultingservices
Professional Services
$
34,591
5,000
$
5,000
$
-
41 Contract for consulting services
Professional Services
$
-
$
- $
- $
-
$ -
$
- $
$
-
Contract for consulting services _
- Lal:; ..
$
- $
- $
-
$ -
$
$
-
48 Contract for landscape Svcs
Property Maintenance
$
3200
903
$
903
$
-
50Contract forutility service
Property Maintenance
$
2000
500
$
500
It
-
52 Reciprocal Easement_ mt
OPA/DDA/Construction
$
40,000
-
5,000
-
$
5,000
$
-
54 Contract far fence rental
rd Maintenerice_. _.�
$
$
_ $
$
$
,,, $..,,
$
-
55 Contract for Pest Control
` Property Maintenance
$
- $
- $
-
$ -
IS
- $
$
-
60 Contract for arbitrage services
Professional Services
$
12,550
$
$
-
61 Bond administration
Professional Services
$
68,000
4,000
$
4000
$
64,P..V TV Lease_ reement.vendor
Property Maintenance
$
20,000
5,000
$
5000
$
66 Horizon Hospice LeaseAgreement-vendor
Property Maintenance
$
32,000
8,000
$
8,000
$
68 Poway Stowey LeaseAgreement-vendor
Property Maintenance
$
10,000
5,000
$
5,000
$
247 Contract far Le el Services
Legal
$
20,000
$
$
267 B
::` Pro Mainlen -._,
$
$
;;'.
-
$
- $
-. moi;..
$
-
269 Pes ro es -
Proe Main `,
$
,-: - $
3
$
$
_' -�.
$
270 Allowable Housi- nse
Admin Costs..
$
-
$
- $
-
-
$
-
271 City Loan #OSB 14-002
City/County Loan (Prior
$
1,096,918
-
-
73,128
$
73,128
$
06/28/11), Cash exchan e
272 City Loan If OSB 14-003
City/County Loans On or
$
-
-
-
-
$
-
$
-
Before 6/27/11
..._.'2 Ci 'o8M1 S "13- ..
Ct County Loa6n
I
$
- �$..�....:.,,
- $
$,...,,.N..:>,e:::. -
$
- $
..,.<, a. _ ... �...
$
Before 627/11 -
274 City Loan IX OSB 14-006
City/County Loans On or
$
_ -
$
- $
- $
w-
$ -
$
- $
-
$
-
Before 627/11
275 City Loan # OSB 14-006
City/County Loans On or
$
-
$
- $
- $
-
$ -
$
- $
$
-
Before 627111
-
276 City Loan # OSB 14-067
City/County Loans On or
$
- $
- $
-
$
-
Before 627/11
277 City Leon #OSB 14-008
City/County Loan (Prior
$
2,346,096
-
-
156,407
$
156,407
$
06/1 Cash exchange
278 City Loan # OSB 14-006
City/County Loans On or
$$
_
.
$
-
Before 627/11
279 City Loan # OSB 14-010
- City/County Loans On re
$
-
$
Before 627111
280 City Loan # OSB 14-011
Cny/County Loan (Prior
$
135,336
-
-
9,023
$
9,023
$
06/28111). Cash exchan e
281 City Loan # OSB 14-012
City/County Loan (Prior
$
1,317,646
-
-
87,843
$
87,843
$
06128/11). Cash exchange
282 City Loan #OSB 14-013
Cily/County Loan (Prior
$
565,917
-
-
-
37,728
$
37,728
$
06/28/11),Cash exchange
283 City Loan #OSB 14-014
City/County Loan (Prior
$
153,291
-
-
-
10,220
$
10,220
$
-
0628/11). Cash exchange
284 City Loan#OSB 14-015
City/County Loan (Prior
106128111).
$
139,154
-
-
9,277
$
9,277
$
Cash exchange
285 City Loan #OSB 14-016
City/County Loan (Prior
106/28111).
$
66,468
-
-
4,432
$
4,432
Cash exchange
7
$
$
$
$
288 Allowable Admin Expense
Admin Costs
IS
6,780000
$
289 Ap sisal Services
Professional Services
$
30,000
-
15,000
-
$
15,000
_
"$->
.:..390 Consultin Costa.
Professional Services
$. -
$
- $
2912015 Refunfmg Bonds Series A
Bonds Issued After 12/31/10
$
197,104,300
-
-
531,411
2, 769,114
$
3,300,525
2,769,114
(2,769,114)
$ .,.,:,..:,,:.
A promissory note was paid off in September 2012
The annual payment that was expected to be
received in June 2018, and was included as a
Source in the Other Funds, will not be received, but
the note repayment is being included which results
in a net decrease in the RPTTFcolumn. ($5,031,342 -
$275,814)
2922015 Refunfing Bonds Sense
Bonds Issued After 12/31/10
$
12,570,012
3,701,776
$
3,701,776
1,986414
1986414
$
-
293 2015 Refunding Bonds Series ABB
Professional Services
$270,310
14,500
$
14,500
$
$
$
$
$
$
$
$
$
8
8
$
$
-
S
$
$