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Resolution No. 2012 -252
REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK
REGULAR MEETING AGENDA
WEDNESDAY, JANUARY, 18, 2012
7:00 P.M.
Moorpark Community Center 799 Moorpark Avenue
1. CALL TO ORDER:
2. ROLL CALL:
3. PUBLIC COMMENT:
4. REORDERING OF, AND ADDITIONS TO, THE AGENDA:
5. CONSENT CALENDAR: (ROLL CALL VOTE REQUIRED)
A. Consider Minutes of Regular Meeting of January 4, 2012. Staff
Recommendation: Approve the minutes.
All writings and documents provided to the majority of the Agency regarding all open- session agenda items are
available for public inspection at the City Hall public counter located at 799 Moorpark Avenue during regular
business hours. The agenda packet for all regular Redevelopment Agency meetings is also available on the
City's website at www.ci.mooraark.ca.us.
Any member of the public may address the Agency during the Public Comments portion of the Agenda, unless it
is a Public Hearing or a Presentation /Action/ Discussion item. Speakers who wish to address the Agency
concerning a Public Hearing or Presentations /Action/Discussion item must do so during the Public Hearing or
Presentations /Action/ Discussion portion of the Agenda for that item. Speaker cards must be received by the City
Clerk for Public Comment prior to the beginning of the Public Comments portion of the meeting; for a
Presentation /Action /Discussion item, prior to the Chair's call for speaker cards for each Presentation /Action/
Discussion agenda item; and for a Public Hearing item, prior to the opening of each Public Hearing, or beginning
of public testimony for a continued hearing. A limitation of three minutes shall be imposed upon each Public
Comment and Presentation /Action/Discussion item speaker. A limitation of three to five minutes shall be
imposed upon each Public Hearing item speaker. Written Statement Cards may be submitted in lieu of speaking
orally for open Public Hearings and Presentation /Action/Discussion items. Any questions concerning any
agenda item may be directed to the City Clerk's office at 517 -6223.
Redevelopment Agency Agenda
January 18, 2012
Page 2
5. CONSENT CALENDAR: (continued)
B. Consider Modifications to the Fiscal Statement for Fiscal Year 2010 -11.
Staff Recommendation: Accept the "modified" report and Fiscal Statement
Report as contained in the agenda report. ROLL CALL VOTE REQUIRED
(Staff: Ron Ahlers)
C. Consider Resolution Rescinding Resolution No. 2011 -248 Adopting a Loan
Agreement between the City of Moorpark and the Redevelopment Agency of
the Cily of Moorpark. Staff Recommendation: Adopt Resolution No. 2012-
, rescinding Resolution No. 2011 -248. (Staff: Ron Ahlers)
D. Consider Adopting an Enforceable Obligation Payment Schedule for January
1, 2012 through June 30, 2012. Staff Recommendation: 1) Adopt
Enforceable Obligation Payment Schedule as contained in the agenda
report; and 2) Direct staff to transmit the Enforceable Obligation Payment
Schedule to the State of California and post the same on the City's website,
as ordered in the legislation. ROLL CALL VOTE REQUIRED (Staff:
Steven Kueny, Ron Ahlers, David Moe)
6. CLOSED SESSION:
A. CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION
Significant exposure to litigation pursuant to Subdivision (b) of Section
54956.9 of the Government Code: (Number of cases to be discussed - 4)
B. CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION
Initiation of litigation pursuant to Subdivision (c) of Section 54956.9 of the
Government Code: (Number of cases to be discussed - 4)
7. ADJOURNMENT:
In compliance with the Americans with Disabilities Act, if you need special assistance to review an agenda or
participate in this meeting, including auxiliary aids or services, please contact the City Clerk's Division at (805)
517 -6223. Upon request, the agenda can be made available in appropriate alternative formats to persons with a
disability. Any request for disability-related modification or accommodation should be made at least 48 hours
prior to the scheduled meeting to assist the City staff in assuring reasonable arrangements can be made to
provide accessibility to the meeting (28 CFR 35.102- 35.104; ADA Title II).
Redevelopment Agency Agenda
January 18, 2012
Page 3
STATE OF CALIFORNIA )
COUNTY OF VENTURA ) ss
CITY OF MOORPARK )
AFFIDAVIT OF POSTING
I, Maureen Benson, declare as follows:
That I am the City Clerk of the City of Moorpark and that a notice for a Regular Meeting of
the Redevelopment Agency of the City of Moorpark to be held Wednesday, January 18,
2012, at 7:00 p.m. in the Council Chambers of the Moorpark Community Center, 799
Moorpark Avenue, Moorpark, California, was posted on January 13, 2012, at a conspicuous
place at the Moorpark Community Center, 799 Moorpark Avenue, Moorpark, California.
I declare under penalty of perjury that the foregoing is true and correct.
Executed on January 13, 2012.
Maureen Benson, City Clerk
CITY OF MOORPARK. CALIFORNIA
Redevelopment Agency Meeting
of
ITEM 5.A.
ACTION:_ d;
MINUTES T1=iE F�'DEVELOPMENT AGENCY OF THE CITY OF MOORPARK
�. Moorpark, California January 4, 2012
A Regular Meeting of the Redevelopment Agency of the City of Moorpark was held on
January 4, 2012, in the Community Center of said City located at 799 Moorpark
Avenue, Moorpark, California.
1. CALL TO ORDER:
Chair Parvin called the meeting to order at 7:24 p.m.
2. ROLL CALL:
Present: Agency Members Mikos, Millhouse, Pollock, Van Dam, and
Chair Parvin.
Staff Present: Steven Kueny, Executive Director; Joseph Montes, General
Counsel; Hugh Riley, Assistant Executive Director; Deborah
Traffenstedt, Deputy City Manager; Ron Ahlers, Agency
Treasurer; David Moe, Redevelopment Manager; and
Maureen Benson, Agency Secretary.
3. PUBLIC COMMENT:
None.
4. REORDERING OF, AND ADDITIONS TO, THE AGENDA:
None.
5. CONSENT CALENDAR: (ROLL CALL VOTE REQUIRED)
MOTION: Agency Member Van Dam moved and Agency Member Mikos seconded a
motion to approve the Consent Calendar. The motion carried by unanimous roll call
vote.
A. Consider Minutes of Regular Meeting of December 7. 2011. Staff
Recommendation: Approve the minutes.
B. Consider Annual Financial Report for the Fiscal Year Ended June 30.
2011 for the Moorpark Redevelopment Agency. Staff Recommendation:
Accept the Annual Report and receive and file. ROLL CALL VOTE
REQUIRED
C. Consider Authorization of Recordation of the Notice of Completion for
Demolition of Structures at 1083 Walnut Canyon Road and 112 First
1
Minutes of the Redevelopment Agency
Moorpark California Page 2 January 4. 2012
Street and Authorization for Release of Project Bonds in Accordance with
Contract Provisions. Staff Recommendation: Authorize the City Clerk to
file the Notice of Completion and release the project bonds in accordance
with the contract provisions.
6. CLOSED SESSION:
None was held.
7. ADJOURNMENT:
Chair Parvin adjourned the meeting at 7:25 p.m.
Janice S. Parvin, Chair
ATTEST:
Maureen Benson, Agency Secretary
1►
MOORPARK REDEVELOPMENT
AGENDA REPORT
TO: Honorable Agency Board of Directors
FROM: Ron Ahlers, Agency Treasurer
ITEM 5-8.
CITY OF MOORPARK. CALIFORNIA
Redevelopment Agency Meeting
DATE: January 5, 2012 (Agency Meeting of January 18, 2012)
SUBJECT: Consider Modifications to the Fiscal Statement for Fiscal Year 2010 -11
SUMMARY
On December 1, 2011 the Agency was presented with the annual financial reports as
per Section 33080 of the Health and Safety Code (HSC) of the State of California. One
of the requirements of the HSC is to present "fiscal statement ". After December 1,
2011, staff discovered that certain information was included in the fiscal statement that
was not needed. Staff submitted the modified "fiscal statement" to the State Controller's
Office (SCO) prior to the statutory deadline of December 31, 2011. Submitted within
this report is the modified "fiscal statement ".
BACKGROUND
Pursuant to Section 33080 of the Health and Safety Code (HSC) of the State of
California, "every redevelopment agency shall present an annual report to its legislative
body within six months of the end of the agency's fiscal year." This report must include
an independent auditor's report along with other required information as stated in the
HSC. This annual report is the same annual report the Agency submits to the State
Housing and Community Development Department and State Controller on an annual
basis. A part of the annual report is the submission of "fiscal statement" about the
Agency. Staff submitted the "fiscal statement" to the Agency Board on December 1,
2011, however some of the answers contained information that was not needed. The
attached report shows the modified responses.
DISCUSSION
Listed below is the actual "fiscal statement" as submitted to the Agency Board on
December 1, 2011. Staff has denoted which answers were modified by using a
s#riket#reugh font.
3
Honorable Agency Board of Directors
January 18, 2012
Page 2
FISCAL STATEMENT
HSC Section 33080.1(b) states, "A fiscal statement for the previous fiscal year that
contains the information required pursuant to Section 33080.5." In order to comply with
the reporting requirements of HSC Section 33080.5, we hereby submit the following
fiscal statement. The Agency has one and only one redevelopment project area.
(a) The amount of outstanding indebtedness of the agency and each project area.
• $182,946,742 Statement of Indebtedness, Form A (Attachment 5)
This amount is calculated based on the total remaining life of
the Agency (2040): $36 million for Low and Moderate Income
Housing (20% set - aside); $95 million for tax sharing
agreements; $6 million for the 1999 Bonds, $20 million for the
2001 bonds; $24 million for the 2006 bonds and $1.6 million
for the ABx1 27 payment for FY 2011 -12.
(b) The amount of tax increment property tax revenues generated in the agency and in
each project area.
• $6,755,960
(c) The amount of tax increment revenues paid to, or spent on behalf of, a taxing
agency, other than a school or community college district, pursuant to subdivision (b) of
Section 33401 or Section 33676. Moneys expended on behalf of a taxing agency shall
be itemized per each individual capital improvement.
(d) The financial transactions report required pursuant to Section 53891 of the
Government Code.
• Please refer to the State Controller Financial Transaction Report (Attachment 2)
(e) The amount allocated to school or community college districts pursuant to each of
the following provisions: (1) Section 33401; (2) Section 33445; (3) Section 33445.5; (4)
paragraph (2) of subdivision (a) of Section 33676; and (5) Section 33681.
• Moorpark Unified School District $337,903.60
• Ventura County Community College District $58,506.83
(t) The amount of existing indebtedness, as defined in Section 33682, and the total
amount of payments required to be paid on existing indebtedness for that fiscal year.
•— indebtedness $102,946,6.42 Statement e ni-A
•Payments $11,654,601 StetemeRt of , ReGenGiliafion
shoFt teFM Gity loan of $5 million.
(AttaGhrne+t5)
n
L'
Honorable Agency Board of Directors
January 18, 2012
Page 3
(g) Any other fiscal information which the agency believes useful to describe its
programs.
The AqenGY paid $396,345 iRtO the State of GalifOFRia Supplemental EdUGatiGRal
Revenue AugmentatiOR Fund (SERAF) OR May 10, .
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Honorable Agency Board of Directors
January 18, 2012
Page 4
STAFF RECOMMENDATION (Roll Call Vote)
Accept this modified report and the following "Fiscal Statement" report.
Attachment:
1. Fiscal Statement Report
N.
The Redevelopment Agency of the City of Moorpark
FISCAL STATEMENT
(per H & S Code Section 33080.5)
Year Ended June 30, 2011
1. Amount of Outstanding Indebtedness:
(From FY 11 -12 Statement of Indebtedness)
2. Tax Increment allocated to the Project:
3. a. Tax Increment paid to Taxing Agencies
per Sections 33401(b) and 33676:
4. Annual Report of Financial Transactions
(Filed Separately)
5. Amounts Allocated to Community College
Districts and Schools:
a. Per Section 33401:
b. Per Section 33445
c. Per Section 33445.5
d. Per Section 33676(a)(2)
e. Per Section 33681
f. Per Section 33607.5
g. Per Section 33607.7
6. Amount of Indebtedness Per Section 33682:
7. Other Fiscal Information:
(as of 6/30/2011)
$ 182,946,742
$ 6,755,960
(None)
To Colleges To Schools
$ 58,507 $ 337,904
(None)
None to Report
7
ITEM 5.C.
.IT'( OF MOORPARK. CALIFORNIA
Redevelanment Aqency Meeting
MOORPARK REDEVELOPMENT AGENC
AGENDA REPORT
TO: Honorable Board of Directors
FROM: Ron Ahlers, Agency Treasurer f�
DATE: January 5, 2012 (MRA Meeting of January 18, 2012)
SUBJECT: Consider Resolution Rescinding Resolution No. 2011 -248 Adopting a
Loan Agreement between the City of Moorpark and the
Redevelopment Agency of the City of Moorpark
BACKGROUND
On June 15, 2011, the City Council passed Resolution No. 2011 -3039, authorizing a
loan in the amount of $5 million to the Redevelopment Agency of the City of Moorpark.
That same evening the Redevelopment Agency of the City of Moorpark passed
Resolution No. 2011 -248 authorizing the same loan. The loan documents were duly
executed. However, the loan was never implemented because of the passage of ABx1
26.
On June 29, 2011, the Governor signed A13x1 26 into law, which abolished all
redevelopment agencies within the State of California. On December 29, 2011, the
California Supreme Court upheld this law as constitutional. Therefore, effective
February 1, 2012, the Redevelopment Agency of the City of Moorpark will cease to
exist. Section 34169(d) of the Health and Safety Code, as enacted by A13x1 26,
requires the Redevelopment Agency to minimize its liabilities until such time as the
Redevelopment Agency ceases to exist and the successor entity comes into
being. Rescission of the loan approval would serve to minimize the potential liability
created by Resolution 2011 -248.
DISCUSSION
The $5 million loan was never implemented for FY 2011/2012. Zero interest has
accrued since the loan was not effectuated.
Staff is recommending rescinding the loan from the City to the Agency in the amount of
$5.0 million for FY 2011/12.
Honorable Agency Board of Directors
January 18, 2012
Page 2
STAFF RECOMMENDATION (Roll Call Vote)
Adopt Resolution No. 2012- , rescinding Resolution No. 2011 -248 Adopting a Loan
Agreement with the City of Moorpark.
Attachment: Resolution No. 2012-
4
RESOLUTION NO. 2012-
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF MOORPARK, CALIFORNIA, RESCINDING
RESOLUTION NO. 2011 -248 ADOPTING A LOAN
AGREEMENT BETWEEN THE CITY OF MOORPARK AND
THE REDEVELOPMENT AGENCY OF THE CITY OF
MOORPARK FOR FY 2011/12
WHEREAS, Resolution No. 2011 -248 authorized the Redevelopment Agency of
City of Moorpark to enter into a loan agreement for $5 million with the City of Moorpark;
and
WHEREAS, ABx1 26 as signed by the Governor of the State of California and
upheld by the California Supreme Court, abolishes the Redevelopment Agency of the
City of Moorpark; and
WHEREAS, the City of Moorpark and the Redevelopment Agency of the City of
Moorpark never implemented this loan and both desire to rescind this loan agreement.
NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF
MOORPARK DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. Resolution No. 2011 -248 adopting a Loan Agreement between the
City of Moorpark and the Redevelopment Agency of the City of Moorpark dated July 1,
2011, and attached as Exhibit "A° to this resolution, is hereby rescinded.
SECTION 2. The Agency Secretary shall certify to the adoption of this resolution
and shall cause a certified resolution to be filed in the book of original Resolutions.
PASSED AND ADOPTED this 18th day of January, 2012.
Janice S. Parvin, Chair
ATTEST:
Maureen Benson, Agency Secretary
Attachment: Exhibit "A"
10
EXHIBIT A
LOAN AGREEMENT
THIS LOAN AGREEMENT is entered into this 1st day of July, 2011, by and between
the City of Moorpark ( "City ") and the Redevelopment Agency of the City of Moorpark
( "Agency ").
RECITALS
WHEREAS, the Agency was created by Ordinance 87, adopted by the City
Council on March 18, 1987, for the purpose of eliminating blighted conditions within
specked project areas; and
WHEREAS, in support of its mission, the Agency is developing and implementing
plans to acquire and construct certain public facilities; and
WHEREAS, the Agency has determined that, in order to undertake this
redevelopment project, temporary financial assistance in the form of a loan is required
from the City of Moorpark; and
WHEREAS, Section 33600 et. seq. of the California Community Redevelopment
Law authorizes the Agency to borrow money or accept financial or other assistance
from the City.
COVENANTS
NOW, THEREFORE, THE CITY AND AGENCY AGREE AS FOLLOWS:
SECTION 1. Amount and Use of Loan. The City, from its Special Projects Fund,
will advance to the Agency the amount of $5,000,000 (five million dollars). Agency
agrees to use such loan proceeds only for those purposes set forth in the Health and
Safety Code and approved by the Agency.
SECTION 2. Repayment of Funds. The Agency will repay this loan, both
principal and interest, in full on or before June 30, 2012, unless extended by
amendment to this Agreement.
SECTION 3. Interest Payment. This loan will bear interest at a rate equivalent to
the rate earned by City investments in the Local Agency Investment Fund or the
Ventura County Poll, whichever is greater, plus one percent.
SECTION 4. Obligation Constitutes Indebtedness. This loan agreement shall
constitute an obligation and debt of the Agency to use all available increment revenue to
repay the City. Such indebtedness shall be subordinate to any and all other Agency
11
indebtedness incurred by the Agency, including indebtedness incurred through the
issuance of tax allocation notes or bonds or any other bonds of the Agency.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first
written above.
REDEVELOPMENT AGENCY
OF THE CITY OF MOORPARK
Ja ' e S. Parvin, Chair
ATTEST:
Maureen Benson,
Agency Secretary
CITY OF MOORPARK
Steven Kueny, City Manager
Maureen Benson,
City Clerk
12
MOORPARK REDEVELOPMENT
AGENDA REPORT
TO: Honorable Board of Directors
ITEM 5.D.
_ ^!UORPARK. CALIFORNIA
:—t mPnt Agency Meeting
!,..,
A •
FROM: Steven Kueny, Executive Directo
Ron Ahlers, Agency Treasurer
David Moe, Redevelopment Manager
DATE: January 12, 2012 (Agency Meeting of January 18, 2012)
SUBJECT: Consider Adopting an Enforceable Obligation Payment Schedule
(EOPS) for January 1, 2012 through June 30, 2012
BACKGROUND & DISCUSSION
On June 29, 2011, as part of adopting the State of California Fiscal Year (FY) 2011 -12
budget, the Governor signed two trailer bills, ABX1 26 ( "Dissolution Act ") and ABX1 27
( "Voluntary Alternative Redevelopment Program "), into law. The legislation became
effective on June 29, 2011. The California Redevelopment Association ( "CRA ") and the
California League of Cities filed a lawsuit in the California Supreme Court (Court)
challenging the constitutionality of ABX1 26 and ABX1 27. On December 29, 2011 the
Court upheld ABX1 26 and found ABX1 27 unconstitutional. The Court restated all the
time deadlines in ABX1 26 by adding four months. Therefore, the dissolution is
effective February 1, 2012.
On August 24, 2011, the Board adopted the Enforceable Obligation Payment Schedule
(FOPS) for October, November and December 2011. On October 5, 2011 the Board
adopted an amended EOPS for that same time period. No authority has been granted
for the Agency to make payments for January 2012 and following. Therefore, staff
recommends adopting the attached EOPS which identifies the Agency's enforceable
obligations for the January 1, 2012 through June 30, 2012 timeframe. After adoption
staff will transmit the information to the State of California and post the same on the
City's website, as ordered in the legislation.
13
Honorable Board of Directors
January 18, 2012
Page 2
Per the Health and Safety Code, section 34167(d), an enforceable obligation means
1) Bonds
2) Loans
3) Payments required by the federal government
4) Judgments or settlements
5) Any legally binding and enforceable agreement or contract
6) Contracts or agreements necessary for the continued administration or operation
of the redevelopment agency (i.e. employee pay and benefits, rent, insurance,
office supplies, etc.)
FISCAL IMPACT
The Agency's spending ability shall be limited to items listed on the EOPS.
STAFF RECOMMENDATION (Roll Call Vote)
1. Adopt attached Enforceable Obligation Payment Schedule identifying the
Agency's enforceable obligations for January 1, 2012 through June 30, 2012;
and
2. Direct staff to transmit the Enforceable Obligation Payment Schedule to the State
of California and post the same on the City's website, as ordered in the
legislation.
Attachment 1 Enforceable Obligation Payment Schedule
14
Name of Redevelopment Agency: Redevelopment Agency of the City of Moorpark
Page 1 of _2_ Pages
ProjectArea(s) Moorpark Redevelopment Project ATTACHMENT 1
ENFORCEABLE OBLIGATION PAYMENT SCHEDULE
Per AB 26 - Section 34167 AND 34169'
Recognized Obligation Payment Schedule (ROPS), which must be prepared by the dissolving Agency by 9130111. (The draft ROPS must be prepared by the Successor Agency by 11130111.)
'• Include only payments to be made after the adoption of the EOPS.
1-._t
Ul
Outstanding
u
During Fiscal
Pa ments by month
Project Name 1 Debt Obligation
Payee
Description
Debt/Obligatio
Year
Jan 2012 Feb 2012 Mar 2012 Apr 2012 May 2012 Jun 2012 Total
1
1999 Tax Allocation Bonds
Bank of New York
Bond Proceeds
755,709
108,956
$ 108,956
2
2001 Tax Allocation Bonds
Bank of New York
Bond Proceeds
602,098
293,382
$ 293,382
3
2006 Tax Allocation Bonds
Bank of New York
Bond Proceeds
545,987
252,631
$ 252,631
4
Employee C st
Agency Employees
Payroll
351,748
351,748
27,058
27,058
40,586
27,058
27,058
27,058
$ 175,876
Ruben Castro Human Services
5)
Center
HMC Architects
Architect
194,300
194,300
20,000
18,000
18,000
16,300
15,000
$ 87,300
Ruben Castro Human Services
6)
Center
RJR Engineering
Civil Engineering
22,000
22,000
Ruben Castro Human Services
7)1
Center
Jensen Design & Survey
Survey Services
52,800
52,8001
9,900
9,900
$ 19,800
Ruben Castro Human Services
8)
Center
Vertical V -BTC Labs
Soils & Steel Inspections
156,150
156,150
18,075
18,075
$ 36,150
Ruben Castro Human Services
9)
Center
Barnhart Balfour Beatty
Construction Management
876,800
876,800
110,360
110,360
110,360 1
110,360
110,360
$ 551,800
Ruben Castro Human Services
10)
Center
Ky Spangler
Project Administration
26.0001
26,000
2,600
2,600
2,600
2,600
2,600
$ 13,000
Ruben Castro Human Services
11
Center
Darner Construction
Grading Construction
293,000
293,000
28,000
$ 28,000
Ruben Castro Human Services
12
Center
Precision Plumbing
Under round Utilities
867,470
867,470
138,740
51,740
51,740
$ 242,220
Ruben Castro Human Services
Concrete / CMU
13
Center
Santa Clarita Concrete
Construction
1,340,000
1,340,000
170,000
130,000
$ 300,000
Ruben Castro Human Services
14
Center
Steelcon, Inc.
Steel framing Construction
583,500
583,500
Ruben Castro Human Services
Roofing & Sheet metal
15
Center
Best Contracting
roofing
440,000
440,000
17,600
17,600
17,600
17,600
17,600
$ 88,000
Ruben Castro Human Services
16
Center
Standard Drywall
Drywall Construction
1,716,200
1,716,200
113,200
94,500
94,500
94,500
94,500
$ 491,200
Ruben Castro Human Services
17
Center
Environmental Heating
HVAC Construction
1,267,250
1,267,250
140,500
140.500
140,500
140.500
140.500
$ 702,500
Ruben Castro Human Services
18
Center
Taft Electric Company
Electric (Construction)
1,469,000
1,469,000
193,000
151,000
151,000
151,000
1 151,000
$ 797,000
Ruben Castro Human Services
19
Center
John Fisher
Public Art
158,750
158,750
19,750
19.750
19,750
19,750
19,750
1
$ 98,750
Removal of Structures and
Aszkenazy Disposition and
Intersection Improvements
20
Development Agreement
TBD
per DDA
500,000
500,000
100,000
$ 100,000
1083 Walnut Canyon and 112 First
21
Street Demolition
I Flores- Sierra Construction
Removal of Structures
17,000
17,000
22)12010/11
Pass Through Payments
lCounty of Ventura, City and MUSD
Pass Through Payments
3,200,000
3,200,000
Totals - This Page
$ 10,331,968
$ 15,435,762
$ 1,008,783
$ 791,083
$ 1,301.605
$ 579,668
$ 578,368
$ 3,327,058
$ 4,386,565
$ 190,000
$ 190,000
$ 15,000
$ 18,000
$ 7,500
$ 1,500
$ 42,000
Totals - Page 2
Totals - Other Obligations
$ 10,521,968
$ 15,625,762
$ 1,023,783
$ 809,083
$ 1,309,105
$ 579,668
$ 579,868
$ 3,327,058
$ 4,428,565
Grand total - All Pages
• This Fnforceahl. Obligation Pavmerd Schedule (EOPS1 is to be adooted by the redeveiooment acencv no later than late
January. it is valid
throuoh 0613012012.
It is the basis for
the Preliminary
Draft
Recognized Obligation Payment Schedule (ROPS), which must be prepared by the dissolving Agency by 9130111. (The draft ROPS must be prepared by the Successor Agency by 11130111.)
'• Include only payments to be made after the adoption of the EOPS.
1-._t
Ul
Name of Redevelopment Agenc Redevelopment Agency of the City of Moorpark
Project Area(s) Moorpark Redevelopment Project ATTACHMENT 2
ENFORCEABLE OBLIGATION PAYMENT SCHEDULE
Per AB 26 - Section 34167 AND 34169'
Page 2 of _2_ Pages
Project Name / Debt Obligation
Payee
Total Outstandin
Description lebt or Obligatic
otal Due Dunn
Fiscal Year
Payments by month
Jan 2012
Feb 2012 11
Mar 2012
Apr 2012
May 2012
Jun 2012
Total
1
161 Second Street Park
Veronica Jacinto
Relocation Payment
30,000
30,000
2
161 Second Street Park
Overland, Cutler and
Pacific
Relocation Conslutant
25,000
25,000
3)1A
Few Good Men
Various
Theater Season
24,500
24,500
4
High School Musical
Varous
Youth Workshop
12,000
12,000
5
Little Shop of Horrors
Various
Theater Season
24,500
24.500
6
Christmas Magic
Various
Theater Season
16,000
16,000
7
Hairspray
Various
Theater Season
16,000
16.000
8
Harvey
Various
Theater Season
20,000
20,000
7,000
10,000
3,000
s 20,000
9
The Music Man
Various
Theater Season
17,000
17,000
6,000
8,000
3,000
$ 17,000
10
One Act Plays
Various
Theater Season
5,000
5,000
2,000
1,500
1,500
$ 5,000
Totals -This Page
$ 190,000
$ 190,000
$ 15,000
$ 18,000
$ 7,500
Is 1,500
$ 42,000
' This Enforceable Obligation Payment Schedule (EOPS) Is to be adopted by the redevelopment agency no later than late January. It Is valid through 0613012012. it is the basis for the Preliminary Draft
Recognized Obligation Payment Schedule (ROPS), which must be prepared by the dissolving Agency by 9130/11. (The draft ROPS must be prepared by the Successor Agency by 11/30111.)
" Include only payments to be made after the adoption of the EOPS.
ITEM 5.D.
MOORPARK REDEVELOPMENT AGENCY
SUPPLEMENTAL AGENDA REPORT
TO: Honorable Board of Directors
FROM: Ron Ahlers, Agency Treasurer Q
DATE: January 18, 2012 (Agency Meeting of January 18, 2012)
SUBJECT: REVISED — Consider Adopting an Enforceable Obligation Payment
Schedule (EOPS) for January 1, 2012 through June 30, 2012
BACKGROUND & DISCUSSION
Staff has revised the Enforceable Obligation Payment Schedule (EOPS) for January 1,
2012 through June 30, 2012. The EOPS was completely re- analyzed and staff updated
most of the figures. Additionally, staff added three new items listed on page 2 of 2,
items numbered 11, 12 and 13.
Staff has provided a variance spreadsheet detailing the difference between the original
EOPS and this revised EOPS for January 18, 2012. Negative numbers, shown in red,
depict a decrease from the original submittal. Positive numbers, shown in black, depict
an increase from the original submittal. If a box is blank there was no change from the
original.
FISCAL IMPACT
The Agency's spending ability shall be limited to items listed on the EOPS.
STAFF RECOMMENDATION (Roll Call Vote)
1. Place Item 5D in the Presentation /Action /Discussion section of the meeting.
2. Adopt attached Enforceable Obligation Payment Schedule January 18, 2012
identifying the Agency's enforceable obligations for January 1, 2012 through
June 30, 2012; and
3. Direct staff to transmit the Enforceable Obligation Payment Schedule January 18,
2012 to the State of California and post the same on the City's website, as
ordered in the legislation.
Honorable Board of Directors
,January 18, 2012
Page 2
Attachments
1. Enforceable Obligation Payment Schedule January 18, 2012
2. Enforceable Obligation Payment Schedule (Variance between Original
and January 18, 2012)
2
Name of Redevelopment Agency: Redevelopment Agency of the City of Moorpark
Pagel of _2_ Pages
Project Area(s) Moorpark Redevelopment Project
ATTACHMENT 1
ENFORCEABLE OBLIGATION PAYMENT SCHEDULE JANUARY 18, 2012
Per AB 26 - Section 34167 AND 34169'
W
Outstanding
During Fiscal
Pa ments by month
Project Name / Debt Obligation
Payee
Description
Debt/Obligatio
Year
Jan 2012 Feb 2012 Mar 2012 Apr 2012 May 2012 Jun 2012 Total
1
1999 Tax Allocation Bonds
Bank of New York
Bond Proceeds
6,030,082
755,709
108,956
$ 108,956
2
2001 Tax Allocation Bonds
Bank of New York
Bond Proceeds
20,359 572
602,098
293,382
$ 293,382
3).2006
Tax Allocation Bonds
Bank of New York
Bond Proceeds
23 545,793
545,987
252,631
$ 252,631
4
Employee Cost
A enc Employees
Payroll
351,748
351,748
30,000
30,000
45,000
30,000
30,000
30,000$
195,000
Ruben Castro Human Services
5
Center
HMC Architects
Architect
182,000
164,000
20,000
20,000
20,000
20,000
$ 80,000
Ruben Castro Human Services
6
Center
RJR Engineering
Civil Engineering
23,000
23,000
3,333
3,333
3,334
3,400
$ 13,400
Ruben Castro Human Services
7)
Center
Jensen Design & Survey
Survey Services
41,300
41,300
4,000
5,700
6,000
4,000
$ 19,700
Ruben Castro Human Services
8)
Center
Vertical V -BTC Labs
Soils & Steel Inspections
171,000
171,000
22,000
24,800
24,800
$ 71,600
Ruben Castro Human Services
9)
Center
Barnhart Balfour Bea
Construction Management
908,152
744,400
93,000
93,000
93,000
93,000
$ 372,000
Ruben Castro Human Services
10)
Center
Ky Spangler
Project Administration
24,600
24,600
2,500
2,600
2,600
2,600
2,600
2,600
$ 15,500
Ruben Castro Human Services
11
Center
Damar Construction
Grading Construction
273,000
182,000
45,500
45,500
45,500
45,500
$ 182,000
Ruben Castro Human Services
12
Center
Precision Plumbing
Underground Utilities
602,000
562,100
115,000
115,000
115,000
120,000
$ 465,000
Ruben Castro Human Services
12
Center
Precision Plumbing
Underground Utilities
1,835,900
1,835,000
300,000
300,000
300,000
218,000
$ 1,118,000
Ruben Castro Human Services
14
Center
Steelton Inc.
Steel framing Construction
827,000
827,900
100,000
89,000
121,200
$ 310,200
Ruben Castro Human Services
Roofing & Sheet metal
15
Center
Best Contracting
roofing
435,600
251.300
50,000
50,000
75,000
75,000
$ 250,000
Ruben Castro Human Services
16
Center
Standard D all
D all Construction
2,130,000
1,395,400
300,000
300,000
300,000
300,000
$ 1,200,000
Ruben Castro Human Services
17
Center
Environmental Heating
HVAC Construction
790,8130
610,000
90,500
90,500
90,500
90,500
$ 362,000
Ruben Castro Human Services
18
Center
Taft Electric Company
Electric Construction
926,000
833,700
120,000
140.000
150,000
200,000
$ 610,000
Ruben Castro Human Services
Center
John Fisher
Public Art
140,000
96,600
21,000
21,000
21,000
21,000
$ 84,000
Removal of Structures and
L21
Aszkenazy Disposition and
Intersection Improvements
20
Development Agreement
TBD
per DDA
500,000
400,000
300,000
100,000
$ 400,000
1083 Walnut Canyon and 112 First
Street Demolition
Flores - Sierra Construction
Removal of Structures
24,400
24,400
12,200
12,200
$ 24,400
22)
Pass Through Payments
Count of Ventura, C and MUSD
Pass Throu h Payments
93,354,157
6,534,995
3,400,000
$ 3,400,000
Totals - This Page
$153,676,104
$ 16 977,237
$ 1,329.033
$ 1,642 633
$ 1,946 703
$ 1,444 200
$ 32,600
$ 3,432,600
$ 9,827 769
$ 1,824,900
$ 1,707,230
$ 67,000
$ 76,000
$ 45,000
$ 37,500
$ 1,500
$ 227,000
Totals - Page 2
Totals - Other Obligations
$155,501,004
$ 18,684,467
$ 1,396,033
$ 1,718,633
$ 1,991,703
$ 1,481,700
$ 34,100
$ 3,432,600
$ 10,054,769
Grand total - All Pages
• This Enforceable Obligation Payment Schedule (EOPS) is to be adopted by the redevelopment agency no later than late January. It Is valid through 0613012012. It Is the basis for the Preliminary Draft
Recognized Obligation Payment Schedule (ROPE), which must be prepared by the dissolving Agency by 9130111. (The draft ROPS must be prepared by the Successor Agency by 11130111.)
•' Include only payments to be made after the adoption of the EOPS.
W
Name of Redevelopment Agenc, Redevelopment Agency of the City of Moorpark
Project Area(s) Moorpark Redevelopment Project
ATTACHMENT 2
ENFORCEABLE OBLIGATION PAYMENT SCHEDULE JANUARY 18, 2012
Per AB 26 - Section 34167 AND 34169•
Page 2 of _2_ Pages
Project Name / Debt Obligation
Payee
Total Outstandin
Description ebt or Obligatic
otal Due Durinj
Fiscal Year
Pa ments by month
Jan 2012
Feb 2012
Mar 2012
Apr 2012
May 2012
Jun 2012
Total
1
161 Second Street Park
Veronica Jacinto
Relocation Payment
30,000
30 000
7,000
23,000
$ 30,000
2
161 Second Street Park
Overland, Cutler and
Pacific
Relocation Conslutant
25,000
25,000
3
A Few Good Men
Various
Theater Season
24,500
24,500
High School Musical
Varous
Youth Workshop
12 000
12,000
_41
5
Little Shop of Horrors
Various
Theater Season
24,500
24,500
6
Christmas Magic
Various
Theater Season
16,000
16,000
7
Hairspray
Various
Theater Season
16,000
16,000
8
Harvey
Various
Theater Season
20,000
20,000
7 000
10,000
3,000
$ 20,000
9
The Music Man
Various
Theater Season
17,000
17,000 1
6,000
8,000
3,000
$ 17,000
10
One Act Plays
Various
Theater Season
5,000
5,000
2,000
1,500
1,500
$ 5,000
11
Ruben Castro Human Services
Center
Union Bank, NA
FOB of Best Contracting Services -
Retention for Roofing & Sheet metal
48,400
25,130
5,000
5,000
7.500
7,500 1
$ 25,000
12
Ruben Castro Human Services
Center
California Bank & Trust
FOB of Standard Dry Well - Retention for
drywall
236,500
142,100
30,000
30,000
30,000
30,000
$ 120,000
13
Low and Moderate Income
Housing Fund
City of Moorpark
20% set-aside
1,350,000
1,350,000
10,000 1
$ 10,000
Totals - ThisPa e
$ 1,824,900
$ 1,707,230
$ 67,000
$ 76,000
$ 45,000
$ 37,500
$ 1,500
$ 227,000
• This Enforceable Obligation Payment Schedule (EOPS) Is to be adopted by the redevelopment agency no later than late January. It Is valid through 0613012012. It is the basis for the Preliminary Draft
Recognized Obligation Payment Schedule (ROPS), which must be prepared by the dissolving Agency by 9130111. (The draft ROPS must be prepared by the Successor Agency by 11130111.)
'• Include only payments to be made after the adoption of the EOPS.
Name of Redevelopment Agency: Redevelopment Agency of the City of Moorpark
Page 1 of _2_ Pages
ProjectArea(s) Moorpark Redevelopment Project ATTACHMENT 1
ENFORCEABLE OBLIGATION PAYMENT SCHEDULE (Variance between Original and January 18, 2012)
Per AB 26 - Section 34167 AND 34169"
0
I Olaf
Outstanding
151111 Due
During Fiscal
Pa yments by month
Jan 2012
Feb 2012
Mar 2012
Apr 2012
May 2012
Jun 2012
Total
Project Name / Debt Obligation
Payee
Description
Debt/Obl'igatio
Year
1
1999 Tax Allocation Bonds
Bank of New York
Bond Proceeds
6,030,082
2
2001 Tax Allocation Bonds
Bank of New York
Bond Proceeds
20,359,572
3
2006 Tax Allocation Bonds
Bank of New York
Bond Proceeds
23,545,793
Employee Cost
Agency Employees
Payroll
2,942
2,942
4,414
2,942
2,942
2,942
$ 19,124
Ruben Castro Human Services
Center
HMC Architects
Architect
(12,300)
(30,300)
2,000
2,000
3,700
(15,000)
($ 7,300)
r
Ruben Castro Human Services
6)
Center
RJR Engineering
Civil Engineering
1,000
1,000
3,333
3,333
3,334
3,400
$ 13,400
Ruben Castro Human Services
7) 1
Center
Jensen Design & Survey
Survey Services
(11,500)
(11.500)
(5,900)
(4,200)
6,000
4,000
($ 100)
Castro Human Services
8)
Center
Vertical V -BTC Labs
Soils & Steel Inspections
14,850
14,850
3,925
6,725
24,800
$ 35,450
Ruben Castro Human Services
1Ruben
9
Center
Barnhart Balfour Beatty
Construction Management
31,352
(132,400)
(17,360)
(17,360)
(17,360)
(17,360)
(110,360)
($ 179,800)
Ruben Castro Human Services
10)
Center
Ky Spangler
Project Administration
(1,400)
(1,400)
(100)
2,600
$ 2,500
Ruben Castro Human Services
11
Center
Damar Construction
Grading Construction
20,000
111,000
17.500
45,500
45,500
45,500
$ 154,000
Ruben Castro Human Services
12
Center
Precision Plumbing
Underground Utilities
65,470
305,370
(23,740)1
63,260
63,260
120,000
$ 222,780
Ruben Castro Human Services
Concrete / CMU
13
Center
Santa Clarna Concrete
Construction
495,900
495,000
130,000
170,000
300,000
218,000
$ 818,000
Ruben Castro Human Services
14
Center
Steelcon, Inc.
Steel framing Construction
243,500
244,400
100,000
89,000
121,200
$ 310,200
Ruben Castro Human Services
Roofing & Sheet metal
15
Center
Best Contracting
roofing
4,400
188,700
32,400
32,400
57,400
57,400
(17,600)
$ 162,000
Ruben Castro Human Services
16
Center
Standard Drywall
Drywall Construction
413,800
(320,800)
186,800
205,500
205,500
205,500
94,500
$ 708,800
Ruben Castro Human Services
17
Center
Environmental Heating
HVAC Construction
476,450
(657,250)
50,000
(50,000)
(50,000)
(50,000)
(140,500)
$ 340,500
Ruben Castro Human Services
1 B
Center
Taft Electric Company
Electric Construction
543,000
635,300
(73,000)
11,000
(1,000)
49,000
151 000
$ 187,000
Ruben Castro Human Services
19
Center
John Fisher
Public Art
18,750
62,150
1,250
1,250
1,250
1,250
(119,7521
$ 14,750
Removal of Structures and
Aszkenazy Disposition and
Intersection Improvements
20
Development Agreement
TBD
per ODA
100,000
300,000
100,000
100,000
$ 300,000
1083 Walnut Canyon and 112 First
21
Street Demolition
Flores - Sierra Construction
Removal of Structures
7,400
7,400
12,200
12,200
$ 24,400
22)
2010/11 Pass Through Payments
Count of Ventura, Cd and MUSD
Pass Throu h Payments
93,354,157
3,334,995
200,000
$ 200,000
Totals - This Page
$143,344,136
$ 1,541 475
$ 320,250
$ 851,550
$ 645,098
$ 864,532
H545,768
$ 105,542
$ 2 241 204
$ 1,634,900
$ 1,517,230
$ 52 000
$ 58,000
$ 37 500
$ 37 500
$ 185 000
Totals - Page 2
Totals - Other Obligations
$144,979,036
$ 3,058,705
$ 372,250
$ 909,550
$ 682,598
$ 902,032
$ 105,542
is 2,426,204
Grand total -All Pa es
• This Enforceable Obligation Payment Schedule (EOPS) is to be adopted by the redevelopment agency no later than Leta January. It is valid through 0613012012. h Is the basis for the Preliminary Draft
Recognized Obligation Payment Schedule (ROPS), which must be prepared by the dissolving Agency by 8130111. (The draft BOPS must be prepared by the Successor Agency by 11130111.)
" Include only payments to be made after the adoption of the EOPS.
0
Name of Redevelopment Agenc, Redevelopment Agency of the City of Moorpark
Page 2 of _2_ Pages
ProjectArea(s) Moorpark Redevelopment Project ATTACHMENT 2
ENFORCEABLE OBLIGATION PAYMENT SCHEDULE (Variance between Original and January 18, 2012)
Per AB 26 - Section 34167 AND 34169*
Project Name / Debt Obligation
Payee
Total Outstandin
Description lebt or Obligati
otal Due Durin
Fiscal Year
Pa ments by month
Jan 2012
Feb 2012
Mar 2012
Apr 2012
May 2012
Jun 2012
Total
1
161 Second Street Park
Veronica Jacinto
Relocation Payment
7,000
23,000
$ 30,000
2
161 Second Street Park
Overland, Cutler and
Pacific
Relocation Conslutant
3
A Few Good Men
Various
Theater Season
4
High School Musical
Varous
Youth Workshop
5
Little Shop of Horrors
Various
Theater Season
6
Christmas Magic
Various
Theater Season
7
Hairspray
Various
Theater Season
8
Harvey
Various
Theater Season
9
The Music Man
Various
Theater Season
10
One Act Plays
Various
Theater Season
11
Ruben Castro Human Services
Center
Union Bank NA
FOB of Best Contracting Services -
Retention for Roofing & Sheet metal
roofing
48,400
25,130
5,000
5,000
7.500
7,500
$ 25,000
12
Ruben Castro Human Services
Center
California Bank 8 Trust
FOB of Standard Dry Wall - Retention for
drywall
236,500
142,100
30,000 1
30,000
30,000
30,000
$ 120,000
13 ),Housing
Low and Moderate Income
Fund
City of Moorpark
20% set-aside
1,350,000
1,350,000
10,000
$ 10,000
Totals - This Pee
$ 1,634,900
$ 1,517,230
$ 52,000
$ 58,000
$ 37,500
$ 37,500
$ 185,000
' This Enforceable Obligation Payment Schedule (EOPS) is to be adopted by the redevelopment agency no later than late January. It Is valid through 06130/2012. It Is the basis for the Preliminary Draft
Recognized Obligation Payment Schedule (ROPS), which must be prepared by the dissolving Agency by 9130111. (The draft ROPS must be prepared by the Successor Agency by 11130111.)
" Include only payments to be made after the adoptlon of the EOPS.
Cl)