HomeMy WebLinkAboutAGENDA REPORT 2012 0215 CC REG ITEM 10G ITEM 10.G.
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MOORPARK CITY COUNCIL
SUCCESSOR AGENCY TO THE MOORPARK REDEVELOPMENT AGENCY
AGENDA REPORT
TO: Honorable City Council
FROM: Ron Ahlers, Finance Director
DATE: February 8, 2012 (Successor Agency Meeting of February 15, 2012)
SUBJECT: Consider Adopting an Amended 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 Redevelopment Agency of the City of Moorpark Board
("Board") adopted the Enforceable Obligation Payment Schedule (EOPS) for October,
November and December 2011. On October 5, 2011 the Board adopted an amended
EOPS for that same time period. On January 18, 2012 the Board adopted the EOPS for
January 2012 through June 30, 2012. This identified the enforceable obligations for the
January 1, 2012 through June 30, 2012 timeframe.
Staff has discovered additional vendors which belong on the EOPS for the January
through June 2012 timeframe. Please refer to Page 2 of 2 of the EOPS, items 14
through 27 for a list of these vendors and their payment schedule. Staff is
recommending that the City Council acting as the Successor Agency for the
248
Honorable Board of Directors
February 15, 2012
Page 2
Redevelopment Agency of the City of Moorpark approve of the amended EOPS. 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.
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 Successor 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
Successor 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
249
Name of Redevelopment Agency: Redevelopment Agency of the City of Moorpark Page 1 of_2_Pages
Project Area(s) Moorpark Redevelopment Project ATTACHMENT 1
ENFORCEABLE OBLIGATION PAYMENT SCHEDULE FEBRUARY 15, 2012
Per AB 26-Section 34167 AND 34169'
otal I otali Due
Outstanding During Fiscal Payments 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 6,030,082 755,709 108,956 658,956$ 767,912
2 2001 Tax Allocation Bonds Bank of New York Bond Proceeds 20,359,572 602,098 293,382 313,382$ 606,764
3 2006 Tax Allocation Bonds Bank of New York Bond Proceeds 23,545,793 545,987 252,631 287,631 $ 540,262
F 6)
Employee Cost Agency Employees Payroll 351,748 351,746 30,000 30,000 45,000 30,000 30,000 30,000$ 195,000
Ruben Castro Human Services
Center HMC Architects Architect 182,000 164,000 20,000 20,000 20,000 20,000 $ 80,000
Ruben Castro Human Services
Center RJR Engineering Civil Engineering 23,000 23,000 3,333 3,333 3,334 3,400 $ 13,400
Ruben Castro Human Services
7)1 Center Jensen Design&Survey Survey Services 41,300 41,300 4,000 5,700 6,000 4,000 1 $ 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 Beatty 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 802,000 562,100 115,000 115,000 115,000 120,000 $ 465,000
Ruben Castro Human Services Concrete/CMU
13 Center Santa Clarita Concrete Construction 1,835,900 1,835,000 300,000 300,000 300,000 218,000 $ 1,118,000
Ruben Castro Human Services
14 Center Steelcon,Inc. Steel framing Construction 827,000 827,900 100,000 89,000 1 121,200 $ 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 Drywall Drywall Construction 2,130,0001 1,395,400 300,000 300,000 300,000 300,000 $ 1,200,000
Ruben Castro Human Services
17 Center Environmental Heating HVAC Construction 790,800 610,000 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
19 Center John Fisher Public Art 140,000 96,600 21,000 21,000 21,000 21,000 $ 84,000
Removal of Structures and
Aszkenazy Disposition and Intersection Improvements
20 Develo ment Agreement TBD per DDA 500,000 400,0001 300,000 100,000 $ 400,000
1083 Walnut Canyon and 112 First
21 Street Demolition Flores-Sierra Construction Removal of Structures 24,400 24,400 12,200 12,200 $ 24,400
22)1 Pass Through Payments County of Ventura,City and MUSD Pass Through 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 $ 4,692,569 $ 11,087,738
Totals-Page 2 $ 2,956,900 $ 3,093,450 $ 138,722 $ 248,222 $ 286,722 $ 304,722 $ 328,167 $ 306,665 $ 1,613,220
Totals-Other Obligations
Grand total-All Pages 1$156,633,004 $ 20,070,687 $ 1,467,755 $ 1,890,855 1$ 2,233,425 $ 1,748,922 $ 360,767 $ 4,999,234 $ 12,700,958
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(RODS),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.
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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 FEBRUARY 15, 2012
Per AB 26-Section 34167 AND 34169'
Total Outstandin otal Due Durin Payments by month
Project Name/Debt Obligation Payee Description ebt or Obligatic Fiscal Year 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
Overland,Cutler and
2 161 Second Street Park Pacific Relocation Conslutant 25,000 25,000
3 A Few Good Men Various Theater Season 24,500 1 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 $ 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
Ruben Castro Human Services FOB of Best Contracting Services-
11 Center Union Bank,NA Retention for Roofing&Sheet metal 48,400 25,130 5,000 5,000 7,500 7,500 $ 25,000
Ruben Castro Human Services FOB of Standard Dry Wall-Retention for
12 Center California Bank&Trust drywall 236,500 142,100 30,000 30,000 30,000 30,000 $ 120,000
Low and Moderate Income
13 Housinq Fund City of Moorpark 20%set-aside 1,350,000 1,350,000 10,000 $ 10,000
14 Bond Trustee Bank of New York Trustee services 10,000 10,000 $ 10,000
15 Administrative Fees City of Moorpark Administrative Fees 250,000 41,667 41,667 41,667 41,667 41,667 41,665 $ 250,000
16 Bond Disclosures Urban Futures Bond Disclosure 10,000 10,000 $ 10,000
17 Bond Arbitrage Calcs BondLo istix Bond Arbitrage Calcs 10,000 10,000 $ 10,000
Ruben Castro Human Services FOB of Damar Construction-Retention
18 Center Community West Bank for grading 30,400 20,220 5,055 5,055 5,055 5,055 $ 20,220
Ruben Castro Human Services Reliable Floor Covering,
19 Center Inc Flooring and ceramic flooring 366,300 320,000 70,000 70,000 80,000 100,000 $ 320,000
Ruben Castro Human Services
20 Center Center Glass Company Glass&glazing 217,800 195,000 45,000 50,000 50,000 50,000 $ 195,000
Ruben Castro Human Services John Pence Building
21 Center Specialties Inc. Specialties 66,400 60,000 10,000 20,000 1 20,000 10,000 $ 60,000
Ruben Castro Human Services
22 Center FYR Landscaping,Inc. Landscape&irrigation 125,600 110,000 25,000 25,000 30,000 30,000 $ 110,000
Ruben Castro Human Services
23 Center K&Z Cabinet Co,Inc Finish carpentry&casework 164,500 150,000 20,000 30,000 50,000 50,000 $ 150,000
Ruben Castro Human Services Ventura County Air
24 Center Pollution Control Distrct Permits 1,000 1,000 500 500 $ 1,000
25 Legal Burke Williams Sorensen Legal 30,000 30,000 5,000 5,000 5,000 5,000 5,000 5,000 $ 30,000
26 Watershed Protection District County of Ventura Watershed Protection District 10,000 100,000 100,000 $ 100,000
Ruben Castro Human Services County of Ventura&other
27 Center ov't agencies Permits and Fees 120,000 120,000 20,000 20,000 20,000 20,000 20,000 20,000 $ 120,000
Totals-This Page $ 2,956,900 $ 3,093,450 $ 138,722 $ 248,222 $ 286,722 $ 304,722 $ 328,167 $ 306,665 $ 1,613,220
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 11130/11.)
Include only payments to be made after the adoption of the EOPS.
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