HomeMy WebLinkAbout2012-04-24 - AGENDA REPORTS - SCRDA SUCCESSOR AGENCY (2)Agenda Item: 16'
CITY OF SANTA CLARITA
AGENDA REPORT
CONSENT CALENDAR City Manager Approval:
Item to be presented by: Armine Chaparyan
DATE: April 24, 2012
SUBJECT: SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY
OF THE CITY OF SANTA CLARITA AMEND AND ADOPT THE
RECOGNIZED ENFORCEABLE OBLIGATION PAYMENT
SCHEDULE AND ADOPT AN ADMINISTRATIVE BUDGET FOR
FISCAL YEAR 2012-13
DEPARTMENT: Community Development
RECOMMENDED ACTION
City Council, acting as Successor Agency for the Redevelopment Agency of the City of Santa
Clarita, adopt an amended Recognized Obligation Payment schedule for the period of
January 1 -June 30, 2012.
2. Adopt the Recognized Obligation Payment Schedule for the period of July 1 -December 31,
2012.
3. Adopt an administrative budget for Fiscal Year 2012-13 to cover the administrative costs
associated with staffing the Oversight Board.
BACKGROUND
As part of the dissolution process for the Redevelopment Agency, the City, acting as Successor
Agency for the Redevelopment Agency of the City of Santa Clarita (Successor Agency), must
undertake a number of administrative actions on an ongoing basis. The actions presented below
are required to be submitted to the Oversight Board for formal approval and provided to the State
Department of Finance, -the State Controller's Office, and the County Auditor -Controller. Staff is
working to schedule an Oversight Board meeting between April 25 - May 1, pending the
appointment of the remainder of the Oversight Board members and the availability of a quorum.
L in
pri; 919
it,, i9i PI D�W- ED
s
Recognized Obligation Payment Schedule (ROPS)
For each six-month period, the Successor Agency is required to adopt the Recognized Obligation
Payment Schedule (ROPS). The ROPS serves as an invoice between the Successor Agency and
Los Angeles County (County) and dictates how much former property tax increment will be
released by the County to the Successor Agency. Only payments listed on the ROPS may be
made by the Successor Agency.
On February 28, 2012, the Successor Agency adopted the ROPS for the period of February 1
through June 30, 2012. Since then, the California Department of Finance issued guidance stating
the first ROPS must also include payments to be made in the month of January 2012. An
amended ROPS is attached to meet the new guidance.
Additionally, it is necessary for the Successor Agency to adopt an ROPS covering the period of
July 1 through December 31, 2012.
Administrative Budget
The Successor Agency is allowed an administrative allowance, subject to approval by the
Oversight Board, in an amount not less than $250,000 for any fiscal year unless negotiated by the
Successor Agency and Oversight Board.
The Successor Agency is requesting $526,796 for its administrative budget for Fiscal Year
2012-13 to cover all costs to administer the distribution of the former Redevelopment Agency's
assets and to fulfill all other obligations of the former Agency. Staff is aware the amount
requested exceeds the statutory minimum. However, these are the actual costs that will be
incurred to administer the Successor Agency during Fiscal Year 2012-13. By comparison, the
Redevelopment Agency's budget of comparable line -items and charges for Fiscal Year 2011-12
totaled $557,091.
The proposed administrative budget includes personnel charges, costs related to the preparation
for and hosting of meetings for the Oversight Board (including office supplies, printing, and
special supplies), contractual services, and overhead reimbursements to the General Fund
(including appraisals, financial advisor, accounting, mail, and technology). A detailed breakdown
of the administrative budget is attached.
The funds for the proposed administrative budget will be appropriated during the City's annual
budget process. If the full amount requested is not approved by the Oversight Board and the
Department of Finance, this will be addressed during the City's annual budget process.
ALTERNATIVE ACTIONS
Other actions as determined by City Council.
FISCAL IMPACT
Funds to pay for the obligations listed on the ROPS between January 1 through June 30, 2012,
are budgeted and available in the City's Redevelopment Obligation Retirement Fund (392).
Funds are expected to be released by the County on June 1, 2012, and placed in the City's
Redevelopment Obligation Retirement Fund (392) to cover the expenditures listed on the ROPS
for the period of July 1 through December 31, 2012, and the proposed Fiscal Year 2012-13
administrative budget.
ATTACHMENTS
ROPS January 1 - June 30, 2012
ROPS July 1 - December 31, 2012
Fiscal Year 2012-13 Successor Agency Budget
3
on
—
Oai
1�
n
M
m
N
N
S
t0
aD
Ci
r
OJ
o
b
S
S
l°
O
O
N
8
s
H
m
R
N
A
e
9
0
T
O
T
�
n
C
N
6d
C
-
NO
t0
NO
�
N
c1
O
�
a
O
N
N
n
A
eD
N
N
Cl
FL.M
r r
a a
N
1V
n
6
6
6
�
4
6
cD
6
6
1
mmm
11 11
ooD
VV
O� OOf
IL
N
N
J
7
D
=
c
o
e
o
0
0
8.
lo
U,
G
N
M
°
N
O
O
m
N
N
m
Z
�LL
W
}
N
N
V
O
a
ro ;
-
F -
m
Q
O
0
m
Q
Cm
2 o
V
m
. ro
>
j
v
>
>
>
>
>
>
i
>
m
>
>
>
c
i
v
>
v
>
>
>
m
u
W m
v
E
E
E
E
E
E
E U
E
E
E
E
E
E
E
E
E
E
v
v
v
v
z (LNF-
F
H
W
�g
°
=
F�
rL-
Q
E
o
a
E
o
0
c
o
o m
N
d
a
t
o
v
3
E
--
H
o
a-
r
E
o
m
m t
ro
o
i
E`o
aro
E c�
a'
a¢
w
o
w`
a
in
in
g
a
E
m
_ a
¢ a`
U E
-
-
ro
m
c-
m
w
ro
Y
>
U
U
U
m d
o
3
Z
3
Z
ro
ro
ro
o o
A
o
A
�
°
�'
m
y
d
A
m
d-
n
Z
p
N
H z
m
m
cU
U
U
w
U
w
U
U
U
2
m ii
a
U
t/l
a
m
U
U
N
U
oS
mo
E
S
a�
g
o
g
w
a
Z
a
a
a
d
a
o
o
a
a
a
o
-
o
2
8
8$
'°
¢¢
a
w
¢
¢
U
w
¢
o
o
¢¢
a¢
m
°'
E
z
a
a
E
E
¢¢
¢°
¢°
in
d
in
d
in
3
3
N -
a o
a?
b
1-
ro
c
c
E o
'o
:
o o
J
J
o
'"
o
c
3
3
3
3
3
3
3
ro 'm
z a`
a`
riN
U
U
U
U
U
¢
.
¢
U
U
U
U
U
z
z
z
z
z
z
z
s
s
t=t=c7OWN
on
amm
7
(}\\
\
19
It
ƒ
m
(`6�
10
/
LLI
§
?
/
cn
_
§
w
--
-
-
/k
\\
\
�
CL
§�
k
\2
°
�Q
§§
k)k
\\\\\\\\\\
\�
0
=
)
))
,
t
\
§
;¢
E
]
)/
cc
o
-
-
®;§»;;:
-
ƒ
)!``ti
\\\\\\\}\\
)
{,
3)fj!)£:37!
\2
\�
\\\\
\
k)
\\
\\
\
({
\§
)f
o
)/
$
\f=
)
)o
15
){§;§§§
j
\)\\\\)
Fiscal Year 2012-13 Successor Agency Budget
5001.001
Regular Employees
$
215,993
5011.001
Health & Welfare
$
26,838
5011.002
Life Insurance
$
454
5011.003
Long -Term Disability Insurance
$
1,382
5011.004
Medicare
$
3,835
5011.005
Worker's Compensation
$
4,507
5011.006
PERS
$
45,744
5011.007
Deferred Compensation
$
2,400
5011.010
Supplemental Health
$
1,908
5011.011
EAP
$
65
5101.003
Office Supplies
$
500
5101.004
Printing
$
500
5161.001
Contractual Services
$
35,000
5161.100
Legal Services
$
35,000
5111.001
Special Supplies
$
2,000
5511.100
Reimbursment to GF
$
150,670
Total Administrative Allowance
$
526,796
�i