RES-SAORA-028 Obligation Payment ScheduleRESOLUTION NO. SAORA -028
A RESOLUTION OF THE GOVERNING BOARD OF
THE SUCCESSOR AGENCY TO THE ORANGE
REDEVELOPMENT AGENCY APPROVING A
RECOGNIZED OBLIGATION PAYMENT
SCHEDULE FOR THE FISCAL PERIOD FROM
JULY 1, 2018 THROUGH JUNE 30, 2019, PURSUANT
TO HEALTH AND SAFETY CODE SECTION 34177
AND TAKING CERTAIN RELATED ACTIONS.
WHEREAS, pursuant to Health and Safety Code Section 34177(o), the Successor Agency
to the Orange Redevelopment Agency (the Successor Agency) must prepare a Recognized
Obligation Payment Schedule listing the anticipated payments for enforceable obligations to be
made by the Successor Agency during the fiscal period from July 1, 2018 through June 30, 2019
ROPS 18 -19) and submit ROPS 18 -19 to the oversight board of the Successor Agency (the
Oversight Board) for approval; and
WHEREAS, pursuant to Health and Safety Code Section 34177(1)(2)(B), at the same time
that the Successor Agency submits ROPS 18 -19 to the Oversight Board for approval, the Successor
Agency must submit a copy of such ROPS 18 -19 to the State Department of Finance (the DOF),
the County administrative officer, and the County Auditor - Controller; and
WHEREAS, pursuant to Health and Safety Code Section 34177(1)(2) and Section 34177
o)(1), the Successor Agency must: (i) submit the Oversight Board - approved ROPS 18 -19 to the
DOF, the Office of the State Controller, and the County Auditor - Controller no later than February
1, 2018, and (ii) post a copy of the Oversight Board - approved ROPS 18 -19 on the Successor
Agency's website.
NOW THEREFORE, THE GOVERNING BOARD OF THE SUCCESSOR
AGENCY TO THE ORANGE REDEVELOPMENT AGENCY DOES HEREBY FIND,
DETERMINE, RESOLVE, AND ORDER AS FOLLOWS:
Section 1. The above recitals are true and correct and are a substantive part of this
Resolution.
Section 2.ROPS 18 -19, substantially in the form attached hereto as Exhibit A, is
hereby approved. The Executive Director of the Successor Agency, in consultation with the
Successor Agency's legal counsel, may modify ROPS 18 -19 as the Executive Director or the
Successor Agency's legal counsel deems necessary or advisable.
Section 3.Staff is hereby authorized and directed to submit a copy of ROPS 18 -19 to
the Oversight Board for approval and, at the same time, transmit a copy of ROPS 18 -19 to the
DOF, the County Auditor - Controller and the County administrative officer as designated by the
County.
Section 4.Staff is hereby authorized and directed to submit a copy of Oversight Board -
approved ROPS 18 -19 to the DOF, the Office of the State Controller, and the County Auditor -
Controller. If the Oversight Board has not approved ROPS 18 -19 by February 1, 2017, Staff is
hereby authorized and directed to transmit ROPS 18 -19 to the DOF, the Office of the State
Controller, and the County Auditor - Controller by February 1, 2018, with a written notification
regarding the status of the Oversight Board's review. Written notice and information regarding
the action of the Oversight Board shall be provided to the DOF by electronic means and in a
manner of DOF's choosing.
Section 5.Staff is hereby authorized and directed to post a copy of the Oversight
Board- approved ROPS 18 -19 on the Successor Agency's Internet website (being a page on the
Internet website of the City of Orange).
Section 6.The officers and other Staff members of the Successor Agency are hereby
authorized and directed, jointly and severally, to do any and all things which they may deem
necessary or advisable to effectuate this Resolution, including but not limited to requesting
additional review by the DOF and an opportunity to meet and confer on any disputed items, and
making adjustments to ROPS 18 -19 pursuant to the DOF's instructions, and any such actions
previously taken are hereby ratified and confirmed.
PASSED AND ADOPTED this 9th day of January 2018.
oy
Teresa E. Smith
Chairperson of the Successor Agency
ATTEST:
Mary E. rp
Clerk of he Successor Agency
Resolution No. SAORA -028 2
I, MARY E. MURPHY, hereby certify that the foregoing Resolution was duly and
regularly adopted by Governing Board of the Successor Agency to the Orange Redevelopment
Agency at a regular meeting thereof held on the 9th day of January 2018, by the following vote:
AYES:BOARD MEMBERS: Alvarez, Whitaker, Smith, Murphy, Nichols
NOES:BOARD MEMBERS: None
ABSENT: BOARD MEMBERS: None
ABSTAIN: BOARD MEMBERS: None
Mary E. u ,
Clerk +f the Successor Agency
Resolution No. SAORA -028 3
EXHIBIT A
SUCCESSOR AGENCY TO THE ORANGE REDEVELOPMENT AGENCY
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
July 1, 2018 — June 30, 2019)
Resolution No. SAORA -028 4
Recognized Obligation Payment Schedule (ROPS 18 -19) - Summary
Filed for the July 1, 2018 through June 30, 2019 Period
Successor Agency:Orange City
County:Orange
18 -19A Total 18 -19B Total
Current Period Requested Funding for Enforceable Obligations (ROPS Detail)July - December) January - June) ROPS 18 -19 Total
A Enforceable Obligations Funded as Follows (B+C +D):452,365 $452,365
8 Bond Proceeds
C Reserve Balance
D Other Funds 452,365 452,365
E Redevelopment Property Tax Trust Fund (RPTTF) (F +G):4 5,372,749 $4,076,044 $9,448,793
F RPTTF 5,235,145 3,938,441 9,173,586
G Administrative RPTTF 137,604 137,603 275,207
H Current Period Enforceable Obligations (A +E):5,825,114 $4,076,044 $9,901,158
Certification of Oversight Board Chairman:4. E. r1 ; -ift. - /1Q.11e{ r.{ O'i3ASG
Pursuant to Section 34177 (o) of the Health and Safety code, I O
hereby certify that the above is a true and accurate Recognized
Name Title
Obligation Payment Schedule tor the above named successor
agency.OA 4..14.0-1/ --/8
Signature Date
Orange City Recognized Obligation Payment Schedule (ROPS 16 -19) - Report of Cash Balances
July 1, 2015 through June 30, 2016
Report Amounts in Whole Dollars)
osuant to Health and Safety Code section 34177 (0. RedevelOpment Property Tax Trust Fund (RPTTF) may be listed as a source of payment on the ROPS. but only to the extent nn caner funding source is available or when payment
alt rropertptax revenues Is required by an enforceable obligation For tips on how to complete the Report of Cash Balances Form. see llrl,E.F1T URl LINK. 1 i1 /.ASH HAT ANY n t
B C 0 E F I G N 1
Fund Sources
Bond Proceeds Reserve Balance Other RPTTF
Prior ROPS
penod balances PrOr ROPS
and RPTTF
Bonds Issued on BondS issued on GDR RPTTF dlstnbuted as Rent Nun -Admir
Cash Balance Information tor ROPS 15 -16 Actuala or before Or alter balances reserve for future grants,and
07/01115 - 06/30/1 6)12/31/10 01/01/11 retained penod(s) Interest.. etc. Admen Comments
Beginning Available Cash Balance (Actual 07/01/15)
H1 ROPS 14 -15A PPA for 15 -16A' 51.593.262:
ROPS 14 -150 PPA for 1516E1 51,970,332,
2.632, 571 1 341.717 116,405 1.100.244 3,563 594 Total 53, 563, 594
Revenu&Income (Actual 06/30/16)
RPTTF amounts should tie to tie ROP5 15.16 total dlstnbutl0n frprn Me
G2.15-1645274,909 15-16E15415 300' Total
County Auditor - Controller during June 2015 and January 2016
Revenue $690,209
H2 15- 16A$4,902,581; 15- 168540.848: Total
37,479 21,424 690,209 4,943,429 RPTTF 54.943.429
1 Expenditures tor HOPS 15.16 Entorceabie Obligations (Actual
06/30116)
63.1616A 5193,076. 15 -168 $146,641 Total Fxp
5341,717, 63-15.168 5116,405, G3.15 -16A 5106,561;
15- 168 5588.949: Total exp 5695,510: H3, i5-164
424 341 711 5 `,o Q 146 .,i/ $5 ,770,116:15 - 16851.426,500. Total e0p $7,196,616
t Retention of Available Cash Balance (Actual 06/30116)
RPTTF amount retained snould only include the amounts drstnbuted as
reserve for future pertod(SI
i ROPS 15 -16 RPTTF Balances Remaining
NtS entry 14Mi16t6d
11515- 164 5725,725: 15.1685584,680:
7 ^`.e%.Total 15 16 PPA 61310.405
i Ending Actual Available Cash Balance (06/30/16)
C to 0 =(1.2- 3• 4),I1=(1• 2- 3 -4 -5)
2,670,046 5 1 $736,596 $G6: 18-17A Other fund
Orange City Recognized Obligation Payment Schedule (BOPS 18 -19) - Notes July 1, 2018 through June 30, 2019
Item # Notes /Comments
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