Reso 18-001 RESOLUTION NO. OSB 18-001
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, 2018
THROUGH JUNE 30, 2019
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, SB 107 revised the ROPS submittal schedule and requires the ROPS for
July 2018 through June 2019 be approved by the Oversight Board and submitted by February 1,
2018;
WHEREAS, AB 1484 requires that all actions taken by the Oversight Board be adopted
by resolution (Health and Safety Code § 34179(e));
WHEREAS, “Exhibit A” attached hereto and incorporated by reference herein is the
ROPS covering the period from July 1, 2018 through June 30, 2019;
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, 2018, and continuing through June 30, 2019 (the “FY 18-19
Administrative Budget”) “Exhibit B”;
WHEREAS, AB 1484 requires that the FY 18-19 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;
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, 2018 through June 30,
2019 (the “FY 18-19 Administrative Budget for the Poway Housing Authority”) “Exhibit C”; and
WHEREAS, AB 471 requires that the FY 18-19 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:
Section 1: The ROPS for the period of July 1, 2018 through June 30, 2019 is hereby
adopted.
Exhibit B
SUCCESSOR AGENCY TO THE POWAY REDEVELOPMENT AGENCY
RECOGNIZED OBLIGATION PAYMENT SCHEDULE 18-19
FY 18-19 ADMINISTRATIVE BUDGET
JULY 1, 2018 - JUNE 30, 2019
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 34177(j). 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) 18-19 prepared pursuant to HSC 34177(l) for the period July 1,
2018 through June 30, 2019. 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 34177(j)(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 $250,000.
A. Estimated amounts for Successor Agency administrative costs for the upcoming one-
year fiscal period (HSC 34177(j)(1)).
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.
Successor Agency to the Poway Redevelopment Agency
Administrative Budget - July 1, 2018 to June 30, 2019
Description Allocated Cost
Legislative & Administrative/Legal Departments 129,349 $
Administrative Services (Director/Finance) 34,620 $
Development Services (Director) 86,031 $
Total 250,000 $
FY 18-19 Administrative Budget - July 1, 2018 through June 30, 2019
Page 2
B. Proposed sources of payment for the administrative costs identified for the upcoming
one-year 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 18-19
FY 17-18 ADMINISTRATIVE BUDGET
JULY 1, 2018 – JUNE 30, 2019
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 18-19 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 18-19, for the one-year period beginning
July 1, 2018 through June 30, 2019. This amount represents the minimum annual allowance.
Additionally, the Successor agency has included $600,000 on the ROPS 18-19 for the twenty-
four-month period July 1, 2014 through June 30, 2018 for previous housing entity administrative
cost allowances that were denied by the California Department of Finance.