Resolution - 2013-63RESOLUTION NO.2013-63
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OFF WEST
COVINA, ACTING AS SUCCESSOR AGENCY TO THE WEST COVINA
REDEVELOPMENT AGENCY APPROVING AND AUTHORIZING THE
TRANSMITTAL OF AN ADMINISTRATIVE BUDGET FOR THE
SUCCESSOR AGENCY TO THE WEST COVINA REDEVELOPMENT
AGENCY, AND RECOGNIZED OBLIGATION PAYMENT SCHEDULE
"ROPS" FOR THE PERIOD JANUARY 1 — JUNE 30, 2014, PURSUANT
TO ASSEMBLY BILL 1X 26 (AB1X 26)
WHEREAS, the Community Development Commission of the City of West Covina
("Commission") is a community development commission organized and existing under and
pursuant to the California Community Development Commission Law (Part 1.7 of Division 24,
commencing with Section 34100, of the Health and Safety Code of the State of California) (the
"CDCL"); and
WHEREAS, the City. Council of the City of West Covina ("City") approved and adopted
the Redevelopment Plans for the following Redevelopment Projects ("Redevelopment Plans")
covering certain properties within the City (the "Project Areas"):
1. On December 20, 1971 the West Covina City Council adopted the original Central
Business District Redevelopment Project Area by adoption of Ordinance No. 1180.
2. On July 14, 1975 the West Covina City Council adopted the original Eastland
Redevelopment Project Area by adoption of Ordinance No. 1269.
3. On December 2.1,1993 the West Covina City Council approved the Merger of the
Central Business District and the Eastland Redevelopment Project Areas by adoption of
Ordinance No. 1927 and Ordinance No. 1928, which adopted the merged area as the West
Covina Redevelopment Project Area and added three non-contiguous areas to the merged project
area; and
WHEREAS, as part of the 2011-12 State budget bill, the California Legislature has
enacted and the Governor has signed, companion bills AB 1 X 26 and AB 1 X 27, requiring that
each redevelopment agency be dissolved unless the community that created it enacts a resolution
committing it to making certain payments; and
WHEREAS, on December 29, 2011, the California Supreme Court upheld AB1X 26,
which dissolved all of the redevelopment agencies in the State of California as of February 1,
2012, and struck down AB 1 X 27; and
WHEREAS, at a. meeting of January 10, 2012, the City of West Covina took action to
designate itself as the Successor Agency and the Community Development Commission. as the
Housing Successor Agency, as provided in California Health and Safety Code § § 34173 and
34176; and
WHEREAS, Health and Safety Code Section 34169(h), which is set forth in Part 1.8,
requires a Successor Agency to prepare and submit an approved Recognized Obligation Payment
Schedule for the period from January 1, 2014 to June 30, 2014 to the State Department of
Finance by October 1, 2013, which must list the .minimum amounts that must be paid by the
Successor Agency over that six (6) month period to fulfill its enforceable obligations during that
period; and
WHEREAS, the West Covina City Council, acting as Successor Agency to the'West
Covina Redevelopment `Agency, reserves the right to appeal any determination of the California
Director of Finance or other entity regarding the propriety -of this resolution as well as any future
determinations; and
WHEREAS, while the West Covina City Council, acting as Successor Agency to the .
West Covina Redevelopment Agency, currently intends to comply with the state -mandated
obligations established hereunder; and
Resolution No. 2013-63
Page 2
WHEREAS, all other legal prerequisites to the adoption of this resolution have occurred.
NOW, THEREFORE, BE IT RESOLVED by the West Covina City Council, acting as
Successor Agency to the West Covina Redevelopment ;Agency, as follows:
SECTION 1. The foregoing Recitals are incorporated into this Resolution by this
reference, and constitute a material part of this Resolution.
SECTION 2. The Recognized Obligation Payment Schedule ."ROPS" attached hereto as
Attachment "T' is approved and the City Manager is authorized to transmit the same to the Los
Angeles County Auditor -Controller, theState Controller -and the State Department of Finance in
accordance with Health and Safety Code Section.34169 subject to all reservations of rights and
contingencies set forth above.
SECTION 3. The Administrative Budget for the Successor Agency for the six-month
period January = June 2014, attached hereto as Attachment "3" is approved and the City Manager
is authorized to transmit .the same to the Los Angeles County Auditor -Controller, the State
Controller and the State Department of Finance in accordance with Health and Safety Code
Section 34169 subject to all reservations of rights and contingencies set forth above.
SECTION 4. The City Manager or designee is authorized to take all actions necessary to
implement this Resolution, including without limitation, the posting of this Resolution and the
Recognized Obligation Payment Schedule on the City's website, and theprovision of notice of
adoption of this Resolution and such Schedule to the County Auditor -Controller, the State
Controller and the State Department of Finance.
SECTION 5. The City, Clerk shall certify as to the passage and adoption of this
Resolution, and it shall thereupon take effect and be in full force, except that this Resolution
shall not be effective during any period of time that the Stay remains effective.
APPROVED AND ADOPTED on this 17'' day of September 2013
City Clerk Laurie Carrico 1
I,: LAURIE CARRICO, CITY CLERK of the City of West Covina, California, do hereby certify
that the foregoing resolution was duly adopted by the City Council of the City of West Covina,
California, at a regular meeting held thereof on the 17'h day of September 2013 by the following
vote of the City Council:
AYES: Herfert, McIntyre, Sotelo, Sykes
NOES: None
ABSENT: Sanderson
ABSTAIN: None
APPROVED AS TO FORM:
ty Attorney hAold Alvarez-Glasman
Recognized Obligation Payment Schedule (ROPS ) 13-148 - ROPS Detail
January 1, 2014 through June 30, 2014
" (Report Amounts In Whole Dollars)
A
B
C -
D
E
:F
G
H
- I
J
K
L
M
N O
P
Item # I
Project Name! Debt Obli atlon
Obligation a
Contract/Agreement
Execution Date
ContractlAgreement
Termination Date
Pa ee
Descd tionlProect Sco a
-
Project Area
-
Total Outstanding
Debt or Obligation
Retired
Fundina Source
-
Sbr-Month Total
Non -Redevelopment Property Tax Trust Fund
(Non-RPTTFI
RPTTF
Bond Proceeds
Reserve Balance
Other Funds
Non-Admin
Admin
�� :. `..-:...'
S-:=303;917248
-.�:;:>
-.S�:i.i�. - �:'i-;S
'=:1;463;446
$ -. �:-::987409ts
1 11999
Tax Allocation Bands
Bands Issued On or Before 12/31/10
1 f/1H999
11/12D29
US Bank -
Fund capital projects in Merged Area
Merged
4.850.883
N
7.200
2 12002
Tax Allocation Bonds
Bonds Issued On or Before 12/31/10
6I12002.
9112022
US Bank
Refund outstanding 1993 bonds
martled
10,378.038
N
194.574
a194:574`
3 1
2006 Lease Revenues Bonds
Revenue Bonds issued On or Before
12/31/10
9/19/2006
6112036
City of West Covina
Reimburse City for BUD Debt Service
Merg/ClWde
27,988,189
N
567,610:?ia'b6Z;610:
4
1998 Housing Set Aside Bonds
Bonds Issued On or Before 12131/10
4/1/1998
9/112026
US Bank
Acquisition and rehab of a housing
project
Merged
5.299,237
N -
106,004
S 108;004
6
2001 Housing Set A61tle Bonds
Bonds Issued On or Before 12I31f10
12/12001 �
9/12030 '.......
US Bank
Development of a senior housing
roect
Merged
9,989,809
N
- 170,477
6
SERAF 2010 Housing Loan
SERAF/ERAF
2/1612010
6/30/2016
Housing SuccessorAgency
Repay SERAF to the housing fund
Merged
4.896,981
N
7
SERAF 2011 Housing Loan
SERAF/ERAF
1/18/2011
61302016
Housing Successor Agency
Repay SERAF to the housing fund
Merged
1.077,674
N
-
TT777
8
DDA-The Lakes
OPAIDDA/Construc0on _
6/2611987
6/302038
Gateway Crescent, LLC
Allocated bond costs & maintenance
for park structure
Merged
1,190,01310
N
60,000
S 60000:
9.
CFO Tax Increment Pledge
OPAIDOA/Constructlon
6/2611989
9112022
Fashion Plaza CFO
Tax Increment pledged to CFO
Merged
13,702.095
N
725.000
'S : '-'72E2n
10
CBS-CFD
Remedlation
1W1920D4
10/192054
Coastal Sage Scurb CFD
CFDAssessment
Merged
4656.641
N
37,417i37i417.
11
Repay County Loan
Third -Party Loans
6/19/1990
82012021
County of Los Angeles
Repay Loan of Deferred Tax Increment
Merged
10,804,956
N
12
SA Adminstradve Budget
Admin Costs
1/1/2014
61302014'
SA staff, Various
Operations for both prolect areas
Merged
16,304,106
N
162.452
13
City Cooperative Agreement
City/County Loans On or Before &27/11
81232012 -
8/302014
City of West Covina
Reimbursement of advanced SA
expenses
Merged
500,000
N
75.000
14
AnticipatedlEldsting Litigation
Litigation
3/182006
6/30/2014
Squire Sanders B Dempsey
Enforcement ofludgmentslobligations
Merged
1,800.000
N
1,000,000
000;0011
15
Anticipated/Existing Litigation
Utigation
7/162000
61302014
Alvarez-Glasman Colvin
Enforcement of Judgments/oblgatons
Merged
180,000
N
60,000
5, fi0;000(
16
AnticipatedlExistlng Litigation
Litigation -
101=012 .
6MO12014
Eminent Domain Law Group
RDA property litigation
Merged
260,000
N
- 50,000
$ .:; 50.0.00
17
AnticipatedExisting Ull alion
Litigation
4252007
813012014 -
Hunsucker Goldstlen
RDA property litigation
Merged
75,000
N
25,000
18
Project Administrative Costs
Project Management Costs
1/12014
8/302014
Various
Project specific related costs
Merged
N
19
AS 1484 AudItIng Fees
Dissolution Audits
9/102012
6/302014
White Nelson Diehl Evans
AS 1484 Auditing Fees
Merged
262.600
N
15,000
;V- ':16:000:
20
Oversight Beard Legal Services
Legal -
10/412012
6/30/2014
Harper & Bums
Oversight Board Legal Services
Merced
-
N
S<� -
21
SuccessorAgency Legal Services
Least
7I182000
61302014
Alvarez-Glasman Colvin
Successor A en Legal Services
Mantled
N
S<
22
Property Management Plan
Professional Services
1112014
6I30/2014
TBD
Long -Range Property Management
Plan oerAB 1484
Merged
300,000
N
..
300.000
23
City Note -Administration
Cfty/County Loans On or Before 627111
81911971
6/3012025
City of West Covina
Repay city for admin & construction
Merged
-
N----------------
24
lCity Note - CIP -
City/CountyCity/County Loans On or Before 627111
22811972
6/302025
City of West Covina
Repay City for capital pm ects
Merged
-
N
25
1 Citv Note Revolving
CllylCounty Loans On or Before 6127111
12/16/1985
6/3012025
City of West Covina -
Repay City for revolving credit
Merged
N
26
Sales Tax Reimbursement
CltylCounly Loans On or Before 627/11
72512005
6r3012025
City of West Covina
Reimburse City for CFD Sales Tax
Merged
i.N-
27
Golf Course Agreement
OPAIDDA/Construction
8/212011 "
6/302014
Various
"
Golf Course Implementation
Agreement
Merged
-
N
28
1995 CFD Refunding Bonds
Bonds Issued On or Before 12/31/10
7/111996 .
9/12022
US Bank
Fund Fashion Plaza Im rovements
Merged
40 681,200
N
913,95095D�-
29
1988 Lease Rev Refunding Bonds
Revenue Bonds Issued On or Before
12131110
8/1/1968
8/1/2018
Wells Fargo Bank
Fund Lakes Parking Project
Merged
3,328.300
N
- - -
73,469
;:5 ' ?:: > ;:?;:Z3;458i
30
CPA - CFD
OPA/DDA/Construction -
612611989
9/1/2022
Westfield Corporation
CFD admin and develop er repayment
Merged
94 473 569
N
S;:'
31
Anticipated/Existing Litigation
Litigation
3/16/2006
61302014
Squire Sanders & Dempsey
Enforcement of JudgmentaloWlgatlons
Feb -Jun 2012
Merged
N
$;
32
AntlelpatedlExisting Litigation
Litigation
3/182006
613D2014
Squire Sanders & Dempsey
Enforcement ofludgments/obligations
Jul -Dec 2012
Merged
N
$
33
AnticipatedlExis9ng Litigation
Utigatlon
-
311662006 -
6/302014
Alvarez Glasman Colvin
Enforcement of Judgments/obligations
Feb -Jun 2012
Merged
N
-
S ;.
34
Anticipated/Existing Litigation
UBgation
3/1 Mow
6/302014
Alvarez-Glasman Colvin
Enforcement ol'Judgments/obligations
Jul -Dec 2012
Merged
-
N
-
S : ;
35
Anticipated/Existing Litigation
Wigation
101=012
6/302014
Eminent Domain Law Group
RDA property litigation: FebJun 2012
Merged
-
N
36
Anttelpaled/Exfsting Litigation
Ullgation
10222012
613=014 -
Eminent Domain Law Group
RDA property litigation: Jul -Dec 2012
Merged
N
37
Ant1clipated/Exisling Litigation
Litigation
4252007
613012014
Hunsucker Goldstlen
RDA property litigation: Fe"un 2012
Merged
N
38
lAntichoated/Usting Litigation
Litigation
4252007
6/302014
Hunsucker Goldstlen
RDA property Iiti anon: Jul -Dec 2012
Merced
N
39
Successor Agency Legal Services
Legal
7/182000
61302014
Alvarez-Glasman Colvin
-
Successor Agency Legal Services:
Feb -Jun 2012
Merged
-
N
40
Successor Agency Legal Services
Legal
7/18/2000
6/302014
Alvarez Glasman Colvin
Successor Agency Legal Services: Jul-
Dec 2012
Merged
N
S
41
Cky Note -Adminlst2tlon
City/County Leans On or Before 6M7/11
819/1971
6/302025
City of West Covina
Repay City for admin & construction:
Feb -Jun 2012
Merged
N
n
9
CD
Recognized Obligation Payment Schedule (ROPS) 13-14B - ROPS Detail
January 1, 2014 through June 36, 2014
-(Report Amounts in Whole Dollars)
A
- B
C
D
E
- F
G
H
I
J
K
L
M N
O
P
-
Fundino Source
Non -Redevelopment Property Tax Trust Fund
-
Non-R
RPTTF
-
ContractlAgreemenl
Contract/Agreement
Total Outstanding
Item #
Project Name / Debt Obll ation
Obligation Type
Execution Date
Termination Date
Payee
Descrition/Proeel scope
Proect Area
Debt or Obll ation
Retired
Bond Proceeds
Reserve Balance
Other Funds
Non-Admin
Admin
Six -Month Total
42
City Note -Administration
CtiylCounty Loans On or Before 6127/11
819/1971
6130/2025
City of West Covina
Repay City for admin & construction:
Merged
-
' N
Jul -Dec 2012
43
City Note - CIP
City/County Loans On or Before 6127/11
2128/1972
6/30/2025 -
City of West Covina
Repay City for capital projects: Feb -
Merged
-
N
Jun 2012
44
City Note - CIP
Cily/County Loans On or Before 627111
22a/1972 -
613=026
City of West Covina -
Repay City for capital projects: Jul -Dec
Merged
N
5 �
2012
45
1998-2008 Bonds
Professional Services
4/1/1990
9112030
US Bank
Bond Fiscal Agent Fees
Merged
N
7.5007i500
46
1998-2006 Bonds
Professional Services
4/1/1998 -
9/1/2030
Wells Fargo Bank
Bond Letter of Credit Fees
Merged
N
29040
'Sii>i:'::i:<i i::29:040i
47
1896-2006Bonds
Professional Services
11/1/1988.
11/12029
Walla Fe oBanK
Bond RemarketIno Fees
Merced
N
2.400
>.;_>::ii:2i400;
48
11998-20M Bonds
Professional Services
1111111999
11112029
Standard and Poors
Bond Credit Agency Survellance Fees
Merged
N
_ 2000
VSI' :Y+2;000i
49
Anticipated/Existing Litigation
Litigation
5/1/2007
S/302014
Law Office of Robed Gokoo
RDA property litigation- BKK slope
Merged
375.000
N
200,000
3: ;:i:; i ::::; i20oi000l%
failure
50
Unfunded Pension Liabilities
Unfunded Llablitlles
7/1/1966
61302014
CaIPERS
Payment for unfunded pension
Merged
1,297,235
N
44,732
,Si;i, 44;732:
"
obligations
51
Retirement Benefits
Unfunded Liabilities
9/192001
6/302014
Fortner employee
Paymentforrefirement obll ations
Merged
1,164,759
N
1ZS62
S;i A2;96Z
52
ROPS 1 RORF Reserve
Reserves
1112014
BI302014
City of West Covina
Adjustment to Redevelopmt Obligation
Merged
1,453,446
N
1,453,446
--
-
.
Retirement Fund
63
Outstanding Pass Through
Miscellaneous
1/112014
W30/2014
Various taxing entitles
Outstanding Pass Through Obligations
Merged
-
N
Obll atlons -
to taxina entitles
54
Contractual Services -
Pmfessional Services -
3182013
S/302014
Gonsalves and Sons
Consultant for ROPS and property
Merged
54.000
-. N
18,000
ROPS/PropertyROPS/Property Plan
management plan
55
BKK Landfill Closure Agreements
Remedtatlon
4/172001
613012014 - -
Various
Landfill closure mitigation t0 approved
Merged
45,579,311
- - N
'
recreation use
- 56
Contractual Services
Professional Services
3IM013
6I302014
Gonsalves and Sons
Consultant for ROPS and property
Merged
- 10.000
N
10,000
ROPS/Property Plan
management plan Jan -Jun 2013
57
Public Notices -
Property Dispositions.
1/12014
6/302014
SVG Newspaper
Notices of Proposed Property Transfer
Merged
1=0
N
-
1,220
$: ` ..,
Jul 2012-Jun 2013
-
58
Special Assessments on RDA-
Project Management Costs
1/12014
S130/2014
City of West Covina
Citywide lighting & Landscape
Merged
N
10,460
$' 10,460;
owned parcels
-
Maintenance District f2 Jul 2012-Jun
2013
Retirement Benefits -
Unfunded Liabilities
9/19=1
B/302014
Former employee
Payment for retirement obligations Feb
Merged
6,120.
N
6,120
-
S ; :8;'720;
2012-Jun 2013
-
Special Assessments an RDA-
Project Management Costs
1/12014
6/302014
Cfty of West Covina
Citywide Lighting & Landscape Meint
Merged'
10,700
N
-
10,700
owned reels
District#2
-
E63
AB 1484 AuditingFees
Dissolution Audits - -
9110/2012
6f3012014
White Nelson Dlehl Evans
AB 1484 AuditingFees Jul -Dec 2012
Merged
5 000
N
5.000
Anticipated/Existing Litigation
Litigation ,
61-12013 -.: �-
6MO12014
Blank Rome LLP
Enforcement ofjudgmenWoblfgations
Merged
300,000
N
300,000
54 300 00(1;.
(assisting Squire Senders)
Anticipated/Existing Litigation
Litigation
6/12013 " w - `.'
613U12014
Blank Rome LLP
Enforcement ofjudgments/obligations
Merged
13.487
N
-
13,487
S-;; 13;487A
?
Jan -Jun 2013
64
Antfcipated/Exl5fing Litigation
Litigation
6/112013 ::'
8I302014
Blank Rome LLP
Enforcement cfjudgmenlslobligalions
Merged
150.000
N
150,000
-
$' 160;0001
-
Jul -One 2012
66
DDA-The Lakes
OPAIDDA1Construction
6=1987
6/302038
Gateway Crescent, LLC
Allocated bond costs & maintenance
Merged
22,203
N
22,203
-
for park structure JaWun 2013
-
68
Antlelpated/Exlsting Litigation
Litigation
31162008
6/302014
Squire Senders & Dempsey
Enforcement ofjudgmentslobligations
Merged
428.509
- N
428,509
: $'6, _...7285509.
Jan -Jun 2013
67
Project Administrative Costs
Project Management Costs
9/2712011
6/302014
Rlncon Environmental LLC
Project specific related costs for
Merged
30.000
N
30,000
$ ...
environmental land use consultln
Attachment 3
i
SUCCESSOR AGENCY TO THE WEST COVINA REDEVELOPMENT AGENCY
ADMINISTRATIVE BUDGET
January 1, 2014 through June 30, 2014
I
Annual
Jan. -June
Amount
2014
Salaries & Benefits
228,372
58,297
Maintenance & Operations:
Consultants
40,000
27,500
Legal Fees.
30,000
15,000
Phone
908
454
Cell Phone
800
440
Supplies
4,911
3,661
Meetings
6,200
6,200
Overhead
65,000
32,500
Liability Insurance
16,800
8,400
Subtotal
164,619
94,155
Total Budget
3 2
152 52