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Home My WebLink AboutResolution - SA 24-03Resolution No. SA 24-03 Page 1 of 4 STATE OF CALIFORNIA ) RESOLUTION NO. SA 24-03 COUNTY OF RIVERSIDE )ss CITY OF SAN JACINTO ) A RESOLUTION OF THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF SAN JACINTO, APPROVING A RECOGNIZED OBLIGATION PAYMENT SCHEDULE PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177(m) FOR THE PERIOD JULY 1, 2025 TO JUNE 30, 2026 WHEREAS, pursuant to Health and Safety Code section 34173(d), the City of San Jacinto (“Successor Agency”) is the successor agency to the dissolved Redevelopment Agency of the City of San Jacinto, confirmed by Resolution No. 3408 adopted on January 9, 2012; and WHEREAS, pursuant to Health and Safety Code section 34179(a), the Oversight Board is the oversight board to the Successor Agency; and WHEREAS, pursuant to legislation, effective the fiscal year of 2018-19, the County of Riverside has established a Countywide Oversight Board to conduct the business of the Successor Agency’s Oversight Board, which has been dissolved; and WHEREAS, Health and Safety Code Section 34177(m), added by AB 1484, and effective June 27, 2012, requires that the Successor Agency submit an Oversight Board approved “recognized obligation payment schedule” (“ROPS”) for the period July 1, 2025, to June 30, 2026, to the Department of Finance, the State Controller, and the County Auditor-Controller no later than February 1, 2025; and WHEREAS, the Countywide Oversight Board has required resolutions approved by the Successor Agency for all items submitted to the Oversight Board; and WHEREAS, the Successor Agency has prepared a ROPS covering the period July 1, 2025, to June 30, 2026, and will submit said ROPS to the Oversight Board for approval. NOW, THEREFORE, BE IT RESOLVED, ordered, and determined by the Successor Agency to the Redevelopment Agency of the City of San Jacinto: SECTION 1. Recitals. The Recitals preceding this Resolution are true and correct and are incorporated into this Resolution. SECTION 2. CEQA Compliance. The approval of the ROPS through this Resolution does not commit the Successor Agency to any action that may have a significant effect on the environment. As a result, such action does not constitute a project subject to the requirements of the California Environmental Quality Act. Docusign Envelope ID: 0E2B040E-98BA-4160-AFAB-60EB6DA3ADCC Resolution No. SA 24-03 Page 2 of 4 SECTION 3. Approval of the ROPS. The Successor Agency hereby approves and adopts the ROPS, in substantially the form attached to this Resolution as Exhibit A, pursuant to Health and Safety Code Section 34177. SECTION 4. Implementation. The Successor Agency shall submit copies of the ROPS approved by the Oversight Board to the County of Riverside Auditor-Controller, the State of California Controller and the State of California Department of Finance prior to February 1, 2024, and to post the ROPS on the Successor Agency’s website. SECTION 5. Severability. If any provision of this Resolution or the application of any such provision to any person or circumstance is held invalid, such invalidity shall not affect other provisions or applications of this Resolution that can be given effect without the invalid provision or application, and to this end the provisions of this Resolution are severable. The Successor Agency declares that it would have adopted this Resolution irrespective of the invalidity of any particular portion of this Resolution. SECTION 6. Certification. The City Clerk of the City of San Jacinto, acting on behalf of the Successor Agency as its Secretary, shall certify to the adoption of this Resolution. SECTION 7. Effective Date. Pursuant to Health and Safety Code Section 34179(h), all actions taken by the Successor Agency and the Oversight Board may be reviewed by the State of California Department of Finance, and, therefore, this Resolution shall not be effective for five (5) business days after approval by the Oversight Board, pending a request for review by the State of California Department of Finance. Docusign Envelope ID: 0E2B040E-98BA-4160-AFAB-60EB6DA3ADCC Resolution No. SA 24-03 Page 3 of 4 PASSED, APPROVED, AND ADOPTED at a regular meeting of the City Council of the City of San Jacinto on the 17th day of December 2024 by the following vote: AYES: Vandever, Ledezma, Ruiz, Hawkins, Ayala NAYS: None ABSENT: None ABSTAIN: None CITY OF SAN JACINTO: __________________________ Phil Ayala, Mayor ATTEST: ________________________________ Julia Espinoza, City Clerk APPROVED AS TO FORM: BEST BEST & KRIEGER, LLP ________________________________ Craig Hayes, City Attorney Docusign Envelope ID: 0E2B040E-98BA-4160-AFAB-60EB6DA3ADCC Resolution No. SA 24-03 Page 4 of 4 STATE OF CALIFORNIA) COUNTY OF RIVERSIDE) ss CITY OF SAN JACINTO) CERTIFICATION I, Julia Espinoza, duly appointed City Clerk of the City of San Jacinto, do hereby certify that the foregoing Resolution No. SA 24-03 was duly passed, approved, and adopted at a regular meeting of the City Council of the City of San Jacinto on the 17th day of December 2024 by the following vote: AYES: Vandever, Ledezma, Ruiz, Hawkins, Ayala NAYS: None ABSENT: None ABSTAIN: None WITNESS MY HAND AND OFFICIAL SEAL this 17th day of December, 2024. _________________________ Julia Espinoza, City Clerk City of San Jacinto Docusign Envelope ID: 0E2B040E-98BA-4160-AFAB-60EB6DA3ADCC Resolution No. SA 24-03 A-1 EXHIBIT A RECOGNIZED OBLIGATION PAYMENT SCHEDULE (Attached behind this cover page) Docusign Envelope ID: 0E2B040E-98BA-4160-AFAB-60EB6DA3ADCC Recognized Obligation Payment Schedule (ROPS 25-26) - Summary Filed for the July 1, 2025 through June 30, 2026 Period Successor Agency:SAN JACINTO County:RIVERSIDE 25-26A Total 25-26B Total Current Period Requested Funding for Enforceable Obligations (ROPS Detail)(July - December)(January - June)ROPS 25-26 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):502,570$ 122,060$ 624,630$ F RPTTF 477,570 97,060 574,630 G Administrative RPTTF 25,000 25,000 50,000 H Current Period Enforceable Obligations (A+E):502,570$ 122,060$ 624,630$ Certification of Oversight Board Chairman: Pursuant to Section 34177 (o) of the Health and Safety code, I Name Title hereby certify that the above is a true and accurate Recognized Obligation Payment Schedule for the above named successor /s/ agency.Signature Date A-2 Docusign Envelope ID: 0E2B040E-98BA-4160-AFAB-60EB6DA3ADCC San Jacinto Recognized Obligation Payment Schedule (ROPS 25-26) - ROPS Detail July 1, 2025 through June 30, 2026 (Report Amounts in Whole Dollars) A B C D E F G H I J K L M N O P Q R S T U V W 25-26A (July - December)25-26B (January - June) Fund Sources Fund Sources Item # Project Name/Debt Obligation Obligation Type Contract/ Agreement Execution Date Contract/ Agreement Termination Date Payee Description/Project Scope Project Area Total Outstanding Debt or Obligation Retired ROPS 25-26 Total Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF 25-26A Total Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF 25-26B Total 6,370,878$ 624,630$ -$ -$ -$ 477,570$ 25,000$ 502,570$ -$ -$ -$ 97,060$ 25,000$ 122,060$ 1 2005 Tax Allocation Bonds Bonds Issued On or Before 12/31/10 5/17/2005 8/1/2034 Union Bank Bonds issued to fund various projects San Jacinto 6,298,878 N 572,630 475,570 475,570 97,060 97,060 3 Employee Costs Admin Costs 7/1/2025 6/30/2026 Employees - City of San Jacinto Administrative Cost Allowance - Payroll & benefits San Jacinto 18,393 N 19,263 9,632 9,632 9,631 9,631 7 Contract for consulting services Admin Costs 7/1/2025 6/30/2026 Best Best & Krieger, LLP Legal counsel San Jacinto 10,000 N 10,000 5,000 5,000 5,000 5,000 9 Contract for fiscal agent services Fees 5/17/2005 8/1/2034 Union Bank Fiscal agent services related to Bond debt San Jacinto 22,000 N 2,000 2,000 2,000 0 11 Administrative costs Admin Costs 7/1/2025 6/30/2026 Various vendors Administrative Cost Allowance - Miscellaneous costs San Jacinto 21,607 N 20,737 10,368 10,368 10,369 10,369 A-3 Docusign Envelope ID: 0E2B040E-98BA-4160-AFAB-60EB6DA3ADCC A B C D E F G H 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 07/01/22) RPTTF amount should exclude "A" period distribution amount 499,071 (825,164) GL Balance less $412,731 from Line 2 (received in 06/22) 2 Revenue/Income (Actual 06/30/23) RPTTF amount should tie to the ROPS 22-23 total distribution from the County Auditor-Controller 4,144 571,439 RPTTF received 06/22 and 01/23 for ROPS 22- 23 3 Expenditures for ROPS 22-23 Enforceable Obligations (Actual 06/30/23) 612,168 4 Retention of Available Cash Balance (Actual 06/30/23) RPTTF amount retained should only include the amounts distributed as reserve for future period(s) 5 ROPS 22-23 RPTTF Prior Period Adjustment RPTTF amount should tie to the Agency's ROPS 22-23 PPA form submitted to the CAC 6 Ending Actual Available Cash Balance (06/30/23) C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5) 0$ 0$ 0$ 503,215$ (865,893)$ No entry required San Jacinto Recognized Obligation Payment Schedule (ROPS 25-26) - Report of Cash Balances July 1, 2022 through June 30, 2023 (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. For tips on how to complete the Report of Cash Balances Form, see Cash Balance Tips Sheet. ROPS 20-21 Cash Balances (07/01/20 - 06/30/21) Fund Sources Comments Bond Proceeds A-4 Docusign Envelope ID: 0E2B040E-98BA-4160-AFAB-60EB6DA3ADCC Item #Notes/Comments San Jacinto Recognized Obligation Payment Schedule (ROPS 25-26) - Notes July 1, 2025 through June 30, 2026 A-5 Docusign Envelope ID: 0E2B040E-98BA-4160-AFAB-60EB6DA3ADCC