HomeMy WebLinkAbout074-2014SARESOLUTION NO. 74- 2014SA
APPROVING AND ADOPTING RECOGNIZED OBLIGATION PAYMENT
SCHEDULE ROPS 14 -15B FOR THE SUCCESSOR AGENCY TO THE FORMER
COMMUNITY DEVELOPMENT AGENCY OF THE TOWN OF DANVILLE AND
APPROVING THE ADMINISTRATIVE BUDGET FOR THE SUCCESSOR AGENCY
FOR THE PERIOD FROM JANUARY 1 THROUGH JUNE 30, 2015
WHEREAS, pursuant to the California Community Redevelopment Law (Health and
Safety Code Section 33000 et seq.; the "Redevelopment Law "), the Town Council (the "Town
Council ") of the Town of Danville (the "Town ") previously adopted the Redevelopment
Plan for the Downtown Danville Redevelopment Project (the "Redevelopment Plan "); and
WHEREAS, the Redevelopment Plan had been implemented by the Community
Development Agency of the Town of Danville (the "CDA "); and
WHEREAS, ABx126 was enacted on June 28, 2011 and was subsequently amended with
the adoption of AB 1484 (collectively, the "Dissolution Act "); and
WHEREAS, on January 10, 2012, acting in accordance with Health and Safety Code
Sections 341710) and 34173, the Danville Town Council adopted Resolution No. 6 -2012,
accepting the designation to serve as the Successor Agency to the CDA; and
WHEREAS, pursuant to the Dissolution Act, the CDA was dissolved as of February 1,
2012, at which time the assets and payment obligations (defined in the Dissolution Act as
"Enforceable Obligations ") of the CDA were transferred to the Successor Agency; and
WHEREAS, pursuant to the Dissolution Act, the Successor Agency is required to adopt a
Recognized Obligation Payment Schedule ( "ROPS ") twice per year, setting forth the
Enforceable Obligations of the Successor Agency for the coming six month period; and
WHEREAS, the Successor Agency is required to adopt a ROPS covering the period from
January 1, through June 30, 2015 (ROPS 14 -15B); and
WHEREAS, pursuant to Health and Safety Code Section 341770), the Successor Agency
must prepare an administrative budget for its general administrative costs and expenses
for each six month period (the "Administrative Budget "). Pursuant to Health and Safety
Code Section 34171(b), the administrative budget for the fiscal year shall be the greater of
three percent (3%) of the Redevelopment Obligation Retirement Fund allocated to the
Successor Agency or $250,000, unless reduced by the Oversight Board or a lower amount is
agreed to by the Successor Agency; and
WHEREAS, both ROPS 14 -15B and the Administrative Budget must be submitted to the
Oversight Board for approval; and
WHEREAS, the Successor Agency has reviewed and duly considered the Administrative
Staff Report, the ROPS 14 -15B, the Administrative Budget and documents and other
evidence presented at the meeting; now, therefore, be it
RESOLVED, that the Successor Agency to the former Community Development Agency of
the Town of Danville, finds that the above Recitals are true and correct and have served,
together with the supporting documents, as the basis for the findings and approvals set
forth below; and, be it further
RESOLVED, that the Successor Agency to the former Community Development Agency of
the Town of Danville, hereby approves and adopts Recognized Payment Obligation
Payment Schedule ROPS 14 -15B, attached hereto as Exhibit 1; and, be it further
RESOLVED, that the Successor Agency to the former Community Development Agency of
the Town of Danville, authorizes and directs the Town Manager to: (1) present ROPS 14-
15E to the Successor Agency's Oversight Board for consideration of approval; (2) provide a
copy of ROPS 14 -15B to the County Administrator, County Auditor - Controller and the
State Department of Finance at the same time as presented to the Oversight Board; (3) once
approved by the Oversight Board, provide an approved copy of ROPS 14 -15B to the
County Auditor- Controller, the State Department of Finance, and the State Controller and
to post ROPS 14 -15B on the Town website; and (4) take such other actions and execute such
other documents as are necessary to implement ROPS 14 -15B on behalf of the Successor
Agency; and, be it further
RESOLVED, that the Successor Agency to the former Community Development Agency of
the Town of Danville, hereby approves the Administrative Budget for the period from
January 1 through June 30, 2015, attached hereto as Exhibit 2; and, be it further
RESOLVED, that the Town Manager is directed to: (1) provide a copy of the Administrative
Budget to the County Auditor - Controller; and (2) submit the Administrative Budget to the
Oversight Board for consideration of approval.
PAGE 2 OF RESOLUTION NO.74- 2014SA
APPROVED by the Successor Agency to the former Community Development Agency of
the Town of Danville, at a regular meeting on September 16, 2014, by the following vote:
AYES: Storer, Doyle, Arnerich, Morgan, Stepper
NOES: None
ABSTAINED: None
ABSENT: None
APPROVED AS TO FORM: ATTEST:
f
CITY ATTORNEY
PAGE 3 OF RESOLUTION NO. 74- 2014SA
SUCCESSOR AGENCY TO THE FORMER COMMUNITY DEVELOPMENT
AGENCY OF THE TOWN OF DANVILLE
ADMINISTRATIVE BUDGET
1/1/15 - 6/30/15
Budget Item Purpose Estimated Cost
Bank of New York Fiscal Agent for 2001 and 2005 COP'S $ 3,000
and 2001 TRB's
Dean Chapman Property appraisal $ 2,000
Willdan Financial Services Required annual disclosure $ 3,400
statements for COP's and TRB's
Willdan Financial Services
Additional one -time disclosure
$ 4,450
statement for TRBs
Chandler Asset
Investment management fees (part of
$ 200
Management
pooled funds)
Contra Costa County
Property tax and sewer charge
$325+ $1,750
Tax Collector
(125 Hartz Avenue)
Pun & McGeady
Financial audit for CDA/
$ 4,000
Successor Agency
Goldfarb & Lipman
Legal Counsel to Successor Agency for
$ 2,000
dissolution/wind down issues
Town of Danville
Town staff and overhead costs
Staff /Overhead Costs
necessary to administer Successor
$ 74,000
Agency duties related to dissolution
and wind down
Total Budget $—M5,125
EXHIBIT 2