2017-01-17 Successor Agency Agenda Packet (Special)California Public Records Act ("PRA"): In compliance with the PRA, the documents pertaining to agenda
items, including attachments, which are presented to the Successor Agency in open session, are available for
public inspection. They may be inspected during regular business hours in the City Clerk's Office at Vernon
City Hall, 4305 Santa Fe Avenue, Vernon, California 90058, no appointment necessary, and on the City’s website at www.cityofvernon.org.
Americans with Disabilities Act (“ADA”): In compliance with the ADA, if you need special assistance to
participate in the meeting, please contact the City Clerk’s office at (323) 583-8811. Notification of at least 48
hours prior to the meeting or time when services are needed will assist the City staff in assuring that reasonable arrangements can be made to provide accessibility to the meeting or service.
Agenda
City of Vernon
Special Meeting of the Successor Agency
to the Redevelopment Agency
Tuesday, January 17, 2017, 9:00 a.m.,
or as soon thereafter as the City Council adjourns its meeting
Council Chamber
4305 Santa Fe Avenue
Vernon, CA 90058
William J. Davis, Chairperson Yvette Woodruff-Perez, Vice Chairperson
Luz Martinez, Member
Melissa Ybarra, Member Leticia Lopez, Member
CALL TO ORDER
CHANGES TO THE AGENDA
PUBLIC COMMENT - At this time the public is encouraged to address the Successor Agency to the
Redevelopment Agency on any matter that is within the subject matter jurisdiction of the Successor Agency. The public will also be given a chance to comment on matters which are on the posted agenda during
deliberation on those specific matters.
MINUTES – TO BE RECEIVED AND FILED
1. Minutes of the Regular Successor Agency to the Redevelopment Agency Meeting held on
January 19, 2016 / / /
/ / /
Successor Agency to the Redevelopment Agency Agenda
Special Meeting January 17, 2017
Page 2 of 3
NEW BUSINESS
2. A Resolution of the City Council of the City of Vernon acting as the Successor Agency of the Redevelopment Agency of the City of Vernon, approving an agreement regarding Expenditure of Excess Bond Proceeds between the Successor Agency and the City of Vernon [2005 Tax Allocation Bonds]
Recommendation: A. Find that adoption of the proposed resolution for approval of the Agreement Regarding
Expenditure of Excess Bond Proceeds [2005 Tax Allocation Bonds] is exempt under the
California Environmental Quality Act (“CEQA”) because it is a government fiscal activity that
will not result in any change to the environment and, therefore, is not a “project” as defined by CEQA Guidelines Section 15378. Even assuming the activity were a “project”, it would be
exempt from CEQA review in accordance with CEQA Guidelines Section 15061(b)(3), the
general rule that CEQA only applies to projects that may have an effect on the environment; and
B. Adopt a resolution to approve an Agreement Regarding Expenditure of Excess Bond Proceeds [2005 Tax Allocation Bonds], in substantially the same form as presented herewith.
3. A Resolution of the City Council of the City of Vernon acting as the Successor Agency of the
Redevelopment Agency of the City of Vernon adopting, approving, and ratifying the Recognized
Obligation Payment Schedule for the period July 1, 2017 through June 30, 2018, and approving certain related actions pursuant to California Health & Safety Code Sections 34177(l), 34177(m) and 34180(g)
Recommendation:
A. Find that adoption of the proposed resolution for approval of the Recognized Obligation Payment Schedule for 2017-2018 (July 1, 2017 through June 30, 2018) is exempt under the
California Environmental Quality Act (“CEQA”) because it is a government fiscal activity that
will not result in any change to the environment and, therefore, is not a “project” as defined by
CEQA Guidelines Section 15378. Even assuming the activity were a “project”, it would be exempt from CEQA review in accordance with CEQA Guidelines Section 15061(b)(3), the general rule that CEQA only applies to projects that may have an effect on the environment; and
B. Adopt a resolution to approve the 2017-2018 annual Recognized Obligation Payment Schedule
(“ROPS”) in substantially the same form as presented herewith.
ORAL REPORTS
4. Cancellation of the Regular Meeting Scheduled to be held on February 7, 2017, at 9:00 a.m.
5. Brief reports on activities, other brief announcements, and directives to staff.
Successor Agency to the Redevelopment Agency Agenda
Special Meeting January 17, 2017
Page 3 of 3
ADJOURNMENT
I hereby certify under penalty of perjury under the laws of the State of California, that the foregoing agenda was posted on the bulletin board at the main entrance of the City of Vernon City Hall, located at 4305 Santa Fe Avenue, Vernon, California, and on the City’s website, not less than 24 hours prior to the meeting set forth on
this agenda. Dated this 12th day of January 2017.
__________________________________ Maria E. Ayala
City Clerk
MINUTES OF THE SPECIAL SUCCESSOR AGENCY TO THE
REDEVELOPMENT AGENCY OF THE CITY OF VERNON MEETING HELD JANUARY 19, 2016, IN THE COUNCIL CHAMBER OF THE CITY HALL LOCATED AT 4305 SANTA FE AVENUE VERNON, CALIFORNIA
MEMBERS PRESENT: McCormick, Davis, Woodruff-Perez, and Ybarra MEMBERS ABSENT: Martinez
The meeting was called to order at 8:34 a.m. by Chairperson McCormick.
Chairperson McCormick announced that there are no changes to the agenda.
McCormick announced that this was the time allotted for public comment and inquired whether
anyone in the audience wished to address the Agency. No public comment provided.
MINUTES - TO BE RECEIVED AND FILES 1. Minutes of the Regular Successor Agency to the Redevelopment Agency Meeting
held on September 1, 2015.
It was moved by Ybarra and seconded by Davis to receive and file the September 1, 2015
Minutes. Motion carried, 4-0.
NEW BUSINESS
2. Resolution No. SA-22 - A Resolution of the City Council of the City of Vernon acting as the Successor Agency of the Redevelopment Agency of the City of Vernon adopting, approving, and ratifying the recognized obligation payment
schedule for the period July 1, 2016 through June 30, 2017, and approving certain
related actions pursuant to California Health & Safety Code Sections 34177(l), 34177(m) and 34180(g). Recommendation:
A. Find that adoption of the proposed resolution for approval of the Recognized Obligation Payment Schedule for 2016-2017 (July 1, 2016 through June 30, 2017)
is exempt under the California Environmental Quality Act (CEQA), because it is
a government fiscal activity that will not result in any change to the environment
and therefore is not a “project” as defined by CEQA Guidelines section 15378.
Even assuming the activity were a “project,” it would be exempt from CEQA review in accordance with CEQA Guidelines section 15061(b)(3), the general rule
that CEQA only applies to projects that may have an effect on the environment;
and
B. Successor Agency staff recommends the Successor Agency adopt a resolution to approve the annual 2016-2017 recognized obligation payment schedule (“ROPS”)
in substantially the same form as presented.
Successor Agency to the Redevelopment Agency
Special Meeting Minutes
January 19, 2016
Page 2 of 2
Successor Agency Staff Alex Kung reported on the proposed. In response to Councilmember’s
inquiries, Kung reported on the dissolution of affairs and the agencies responsibilities and obligations.
It was moved by Ybarra and seconded by Woodruff-Perez to approve Resolution No. SA-22.
Motion carried, 4-0.
ORAL REPORTS
3. Cancellation of the Regular Meeting Scheduled to be held on February 2, 2016, at
9:00 a.m.
Successor Agency Alex Kung noted the cancellation of the next regularly scheduled meeting and
advised that if necessary a special meeting can be called.
4. Brief reports on activities, other brief announcements, and directives to staff.
There were no oral reports.
With no further business, at 8:42 a.m., Chairperson McCormick adjourned the meeting.
________________________
W. Michael McCormick
Chairperson
ATTEST:
_____________________________
Maria E. Ayala
City Clerk
RECEIVED
JAN 12 2017
CIIY CTERKS OFFICE
REEEIVED
JAN t 2 20fl
STAFF REPORT
SUCCESSOR AGENCY FOR THE
FORMER VERNON REDEVELOPMENT AG
ISTRATION-'l
DATE:
TO:
FROM:
RE:
January 17,2017
Honorable Chairperson and Members of the Successor Agency for the
Former Vernon Redevelopment Agency
William Fox, Successor Agency StaITMe ^a"rNVl-Originator: Iris Yang, Special Counsel to the Successor Agency
Agreement Regarding Expenditure ofExcess Bond Proceeds
[2005 Tax Allocation Bondsl
Recommendation
A. Find that adoption of the proposed resolution for approval of the Agreement Regarding
Expenditure of Excess Bond Proceeds [2005 Tax Allocation Bonds] is exempt under the
Califomia Environmental Qualiry ect C'CEQA) because it is a govemment fiscal
activity that will not result in any change to the environment and, therefore, is not a
"project" as defined by CEQA Guidelines Section 15378. Even assuming the activity
were a "project", it would be exempt from CEQA review in accordance with CEQA
Guidelines Section 15061(bX3), the general rule that CEQA only applies to projects that
may have an effect on the environment; and
B. Adopt a resolution to approve an Agreement Regarding Expenditure of Excess Bond
Proceeds [2005 Tax Allocation Bonds], in substantially the same form as presented
herewith.
Backsround
Health and Safety Code Section 34191.4(c) provides that after the Successor Agency to the
Redevelopment Agency has received a Finding of Completion from the state Department of
Finance ("DOF"), the Successor Agency is authorized to use the bond proceeds from bonds
issued on or before December 31, 2010, in a marmer consistent with the original bond covenants.
Further, the Successor Agency may desigrate the use of and commit indebtedness obligation
proceeds that were derived from indebtedness issued for redevelopment purposes after January l,
201 l, and that remain available after the satisfaction of enforceable obligations that have been
Page I of2
approved on a Recognized obligation Payment Schedule c'RoPS') and that ale consistent with
the indebtedness obligation covenants (hereafter "Excess Bond Proceeds").
The Successor Agency received its Finding of Completion from DOF on April 17,2013.
The proposed Agreement Regarding Expenditure ofExcess Bond Proceeds [2005 Tax Allocation
Bondsl would authorize t}te Successor Agency to transfer Excess Bond Proceeds from the
Redevelopment Agency's Industrial Redevelopment Project Tax Allocation Bonds, Series 2005,
dated October 4, 2005 (the "2005 Bonds") to the City to be used in accordance with the bond
coYenants.
The Agreement must be approved by the Oversight Board, and is subject to review by DOF.
DOF has approved similar agreements transferring bond proceeds from a Successor Agency to
the City. If the Agreement is approved by the Ciry and Successor Agency, the Successor Agency
may list the Agreement as an enforceable obligation on the Recogrized Obligation Payment
Schedule ('ROPS").
The proposed Agreement Regarding Expenditure ofExcess Bond Proceeds between the City and
Successor Agency (which has been approved as to form by Special Counsel to the Successor
Agency) would permit all Excess Bond Proceeds from the 2005 Bonds to be transferred from the
Successor Agency to the City, which in turn must use the proceeds in accordance with the bond
covenants. As of June 30,2016, the Successor Agency had 525,685,004.7 4 in Excess Bond
Proceeds available from the 2005 Bonds.
Fiscal Imoact
Approval of the Agreement would allow the transfer of the remaining proceeds from the 2005
Tax Allocation Bond issuance to the City for the City to administer. These agreements have
been approved by the Department of Finance for other successor agencies and their cities.
Attachment(s)
1. Resolution Approving the Agreement Regarding Expenditure ofExcess Bond Proceeds
[2005 Tax Allocation Bonds]
Page 2 of 2
RESOIJUTION NO. SA-
A RESOLUTION OF THE CITY COT]NCIL OF THE CITY OF
VERNON ACTING AS THE SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF VERNON,
APPROVING AN AGREEX"TENT REGARDING EXPEI{DITURE OF
EXCESS BOND PROCEEDS BETWEEN THE SUCCESSOR AGNiICY
AND THE CITY OF VERNON [2005 TAX AILOCATION BONDS]
WHEREAS, pursuant, to Assembly Bill X1 25, enacted on ,June 28,
2011, Assembly Bill 1484, enacEed on June 27, 2012, and other
subsequent legislation (col- lect.ively, t.he "Dissolution Lavr" ), Ehe
Redevelopment Agency of the City of vernon ( "Redevelopment Agency" ) was
dissolved on February L, 2ol2i al)d
WHEREAS, pursuant Eo Health and Safety Code Section 341-73,
che City of Vernon elecEed to serve as Ehe Successor Agency t.o t.he
Redevelopmen! Agency and pursuant to Health and SafeEy Code Section
34173 (g) , the Successor Agency is a separate public entity from tshe
City; and
WHEREAS, pursuant t'o Hea1th and Safety Code Sect.ion
34f9f .4 (c), afEer a successor agency has received a finding of
complet.ion from t.he staEe DeparEment of Finance ("DOF" ) , a successor
agency, with the approval of its oversight board, may list. enforceable
obligations to expend excess bond proceeds on it.s Recognized Obligation
Palment Schedule ("ROPS" ) , so long as such expenditures are consisEent.
with t.he bond covenanes i and
WHEREAS, the Successor Agency received a Finding of
Complet.ion from DOF on April 17, 2013; and
WHEREAS, E.he Successor Agency has excess bond proceeds from
t.he Redevelopment Agency's IndusErial Redevel-opmenC Project Tax
Allocation Bonds, Series 2005 ("2005 Bonds"); and
WHEREAS, Ehe Successor Agency and CiEy desire to have all t.he
excess bond proceeds from the 2005 Bonds held by Ehe Successor Agency
transferred to the Citsy tso be expended j.n a manner consistent. with the
applicable bond covenantss .
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COIJNCIL OF TT{E
CITY OF VERNON ACTING AS THE SUCCESSOR AGENCY TO THE REDE\IELOPMENT
AGENCY OF THE CITY OF VERNON AS FOLLOWS:
SECTION ].:The City Council of the City of Vernon Acting as
the successor Agency of the Redevelopment Agency of the City of vernon
hereby finds and determines tshat the above recit.als are true and
correct.
SECTTON 2: The City Council of t,he Citsy of Vernon Acting as
the Successor Agency of the Redevelopment Agency of the City of Vernon
hereby finds that this action is exempt under che California
Environmental Quality Acts ("CEOA") because it is a government fiscal
activity EhaE will not result in any change to E.he environment. and,
t.herefore, is not a "project" as defined by CEOA Guidelines Section
15378. Even assuming uhe activiEy were a "project", it would be exempt
from CEOA review in accordance with CEQA Guidelines Section
15051(b) (3), the general rule tshat CEQA only applies to projects that
may have an effect on t.he environmenE.
SECTION 3: The City Council of Ehe CiEy of Vernon Act.ing as
tshe Successor Agency of Ehe RedevelopmenE Agency of the City of Vernon
hereby approves tshe Agreement Regarding Expenditure of Excess Bond
Proceeds [2005 Tax Allocation Bonds], in subst.antially E.he same form as
che copy which is attached hereto as Exhibit A.
SECTION 4:Subject Eo the condit.ions set forCh in Sectj-on
of the Successor Agency is hereby auE.horized and4, below, Ehe Chair
directsed to execute the Agreement Regarding Expenditure of Excess Bond
Proceeds [2005 Tax Allocation Bonds], on behalf of t.he successor
Agency, in substantially Ehe form atlached hereto aE Exhibit A, subject
Eo Erny minor, Eechnical and clarifying changes as may be approved by
the Successor Agency Counsel. The City Administsrator, as t.he Executive
Directsor of the successor Agency, or his designee, is hereby auEhorized
and directed Eo take such actions as are necessary and appropriate Eo
implements said Agreemenc on behalf of the Successor Agency.
SECTION 5: The approvals and auEhorizat.ions seE forth in
sections 3 and 4 of this ResoluEion are conditioned upon all of Ehe
following:
a. Approval of the Agreement Regarding Expenditure of
Excess Bond Proceeds by the City Council,' and
b. Approval of the Agreement Regarding Dq)enditsure of
Excess Bond Proceeds by tshe Oversights Board, and submiEtal of such
action to DoF for review in accordance with Health and safety code
secEion 34179 (h) ; and
c. Approval by DoF of the oversight Board's action to
approve the Agreement Regarding Expenditure of Excess Bond Proceeds, or
if DOF does not. request. a review within five business days, the
Oversight Board's action becomes effective in accordance with said
Section 3417 9 (h) .
-3-
SECTION 6: The Citsy C1erk, or Deputy CiEy C1erk, of the City
of vernon, as secretary to tshe succesaor Agency shall certify E,o Ehe
paaaage, approval and adoption of t,his resolution. and the Secretary of
Ehe Succeeeor Agency ehall cause E.his resolution and the SecreEary, s
cert.ification to be enEered in the Rile of Resolutions of the Board of
t,he SuccesEor Agency.
APPROVED AND ADOPTED tshis 1?th day of ifanuary, 201?.
Name:
Title: Chairman / Vice Chairman
ATTEST :
Maria E. Ayala, Secretary
Special Counsel Eo the Successor Agency
Iris Yang, Eqfi. /Best Beat & Kriegier LLP,
-4-
STATE OF CALIFORNIA )) ss
COUNTY OF LOS ANGELES )
I, Maria E. Ayala, acting on behalf of t.he Successor Agency as its
secretary, do hereby cerEify that the foregoing Resolution, being
Resolut.ion No. SA- , was duly passed, approved and adopEed by tshe city
Council of the CiEy of Vernon Acting as Ehe Successor Agency of Ehe
Redevelopment Agency of the City of Vernon at a special meetsing of tshe
Successor Agency duly held on Tuesday, January 17, 2017, and thereaft,er
was duly signed by the Chairman or Vice Chairman of tshe Successor
Agency.
Executed lhis day of January, 2OL7, aE vernon, California.
Maria E. Aya1a, Secretary
(SEAL)
5
Exhibit A
AGREEMENT REGARDING
EXPENDITURE OF EXCESS BOND PROCEEDS
[2005 Tax Allocation Bondsl
-6-
AGREEMENT REGARDING
EXPENDITURE OF EXCESS BOND PROCEEDS
[2005 Tax Allocation Bonds]
This Agreement Regarding Expendirure of Excess Bond Proceeds ("Agreement") is
entered into thii _ aay of __________-___-- 2017 , by and between the Successor Agency to the
Redevelopment Agency of the City of Vernon ("successor Agency") and the City of Vemon, a
charter city C'City;). The Successor Agency and the City are hereinafter collectively referred to
as the "Parties."
RECITALS
A. Pursuant to the community Redevelopment Law (Health & Saf. code $33000 er
a/.) ("CRL"), the former Redevelopment Agency of the City of Vemon ("Redevelopment
Agency") was responsble for implementing the Redevelopment Plan for the Industrial Project
Area (ihe ..Redevelopment Project Area"), originally adopted by the city council of the city of
Vemon ("City Council").
B. Pursuant to an Indenrure of Trust Agreement, dated October 1,2005, executed by
and between the Redevelopment Agency and the Bank of New York Trust Company, N'A.' as
Trustee, (the ..Trus Agreements"), the Redevelopment Agency issued Tax Allocation Bonds as
more fully described below (collectively, the "2005 Bonds").
C. Following dissolution of the Redevelopment Agency on February l, 2012,
pursuant to Assembly Bill lX 26, the City elected to serve as the Successor Agency to the
Redevelopment Agency. Pursuant to Health and Safety Code Section lalll(g), the Successor
Agency is a separate public entiry from the City.
D. Health and Safety code Section 34191.4(c) provides that once the successor
Agency has been issued a Finding of Completion by the Califomia Deparfrnent of Finance
(DOF"), the Successor Agency is authorized to use bond proceeds from bonds issued on or
before December 31,2010, in a manner consistent with the original bond covenants. Further, the
Successor Agency may designate the use of and commit indebtedness obligation proceeds that
were derived fiom indebtedness issued for redevelopment purposes after January 1' 2011, and
that remain available after the satisfaction of enforceable obligations that have been approved on
a Recogtized Obligation Payment Schedule C'ROPS) and that are consistent with the
indebtedness obligation covenants (hereafter "Excess Bond Proceeds").
E. The DOF issued a Finding of Completion to the Successor Agency on April 17'
2013.
F. Health and Safety Code Section 34191.4(c) further provides that the expenditure
oflExcess Bond Proceeds must be listed separately on the applicable ROPS.
Agt to Exp€nd Excess Bond Proceeds [2005 Bonds]
176 00003u94E4102.I
-l-
G. The Parties desire to enter into this Agreement to use the Excess Bond koceeds
for the purposes identified in and consistent with the covenants contained in the Trust Agreement
and related documents (the "Bond covenants") and the requirements of the cRL, and to provide
for the Successor Agency to transfer the Excess Bond Proceeds to the City to be used for such
purposes.
H. The execution of this
Council and the Successor Agency on
Agreement was approved in a public meeting of the City
20t7.
I. This Agreement was approved by the Oversight Board for the Successor Agency
in a public meethg on 20t7.
J. The Oversight Board's action to approve this Agreement was submitted to DOF
pursuant to Health aad Safety Code Section )4179(h), and DOF approved this Agteement on
2017.
NOW, THEREFORE, in consideration of the mutual covenants' conditions and
promises herein contained, the Parties hereby agree as follows:
1. Recitals. The Recitals above are true and correct and are incorporated herein by
reference.
2. Term. The term of this Agreement shall commence on the Effective Date' and
shall continue in effect until the date that all Excess Bond Proceeds are expended in accordance
with the requirements of this Agreement.
3. 2005 Bonds. The following bonds were issued by the Redevelopment Agency:
Redevelopment Agency of the City of Vemon Industrial Redevelopment Project Tax Allocation
Bonds, Series 2005, in the amount of 549,420,000, dated October 4, 2005, to be used to finance
various public improvements within or benefiting the Redevelopment Project Area. As of June
30,2016, the Successor Agency had $25,685,004.7 4 in Excess Bond Proceeds available from the
2005 Bonds.
4. Use of Excess Bond Proceeds. The City agrees that it shall use the Excess Bond
Proceeds available from the 2005 Bonds identified above solely for the purposes identified in
Recital G., above, or for other projects consistent with the 2005 Bond Covenants and the
provisions of the CRL, as may be amended from time to time, that apply to the expenditure of
such Excess Bond Proceeds.
5. Transmittal of Excess Bond Proceeds. Upon the Effective Date, the Successor
Agency shall transfer the Excess Bond Proceeds (including any interest accrued thereon as ofthe
Effective Date) to the city, and the city shall deposit such funds into a separate 2005 Excess
Bond Proceeds Account for the City's use in accordance with the terms, conditions and purposes
set forth in this Agreement.
Agt to Expend Excess Bond Proceeds [2005 Bonds]
8 I r 76.00003\29484102. I
2
6. Project Approvals: Environmental Review. This Agreement is not intended to
limit in any manner the discretion of the City in connection with the issuance of approvals and
entitlements for the projects described in this Agreement, nor to avoid legally required processes
attendant to project approval, including, without limitation, the undertaking and completion of
any required environmental review pursuant to the Califomia Environmental Quality Act and the
National Environmental Protection Act, as applicable, and the review and approval of plans and
specifications.
7. Severabilitv. If any term, provision, covenant, or condition set forth in this
Agreement is held by the final judgment of a court of competent jurisdiction to be invalid, void
or unenforceable, the remaining provisions, covenants, and conditions shall continue in firll force
and effect to the extent that the basic intent of the Parties as expressed herein can be
accomplished. tn addition, the Parties shall cooperate in good faith in an effort to amend or
modiff this Agreement in a manner such that the purpose ofany invalidated or voided provision,
covenant or condition can be accomplished to the maximum extent legally permissible'
8. No Third-Parw Beneficiaries: Assienments. Nothing in this Agreement is
intended to create any third-party beneficiaries to this Agreement, and no person or entity other
than the Successor Agency and the City, and the permitted successors and assigns of either of
them, shall be authorized to enforce the provisions of this Agreement.
9. Further Assurances. Each Party agrees to execute, acknowledge and deliver all
additional documents and instruments, and to take such other actions as may be reasonably
necessary to carry out the intent of the transactions contemplated by this Agreement.
10. Goveming Law. This Agreement shall be govemed by and construed in
accordance with the laws of the State of Califomia.
I l. Countemarts. This Agleement may be executed in counterparts, each of which
shall be deemed an original and all of which shall constitute but one and the same instrument.
12. Amendment. This Agreement may be modified or amended, in whole or in part,
only by an instrument in writing, executed by the Parties.
13. Effective Date. This Agreement shall be effective when sigted by both parties.
and approved by the Oversight Board and DOF.
Agt to Expend Excess Bond Proceeds [2005 Bonds]
8r r76.00003\294t4r02 r
J
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first
written above.
CITY OFVERNON SUCCESSOR AGENCY TO THE
REDEVELOPMENT AGENCY OF TIIE
CITYOFYERNON
By:
City Admini strator Chairperson
Attest:Attest:
Maria E. Ayala City Clerk
Approved as to Form:
Agt to Exp€nd Excess Bond Proceeds [2005 Bonds]
t I I 76 00003\29484 r 02. r
Secretary
Approved as to Form:
Brian Byun, Deputy City Attomey Legal Counsel
4-
REGEIVED
JAN I I 2017
REEEIVED
JAN t 2 20fl
CITY ADMINISTRATIONCIY CIIRI('S OFTICE STAFF REPORT C4 vv.n
SUCCESSOR AGENCY FOR THE
FORMER VERNON REDEVELOPMENT AGENCY
DATE:
TO:
FROM:
RE:
January 17 ,2017
Honorable Chairperson and Members of the Successor Agency for the
Former Vernon Redevelopment Agency
Witliam Fox, Successor Agency StaffMe ^A"r{TfOriginator: Diana Figuer' a, Administrative Analyst
Recognized Obligation Payment Schedule for 2017-2018 Annual (July 1' 2017
through June 30, 2018)
Recommendation
A. Find that adoption of the proposed resolution for approval ofthe Recognized Obligation
Payment Schedule fot 2017 -2018 (July l, 2017 through June 30, 2018) is exempt under
the Califomia Environmental Quality Act ('CEQA) because it is a govemment fiscal
activity that will not result in any change to the environment and, therefore, is not a
..project,,as defined by cEQA Guidelines Section 15378. Even assuming the activity
were a "project", it would be exempt from CEQA review in accordance with CEQA
Guidelines Section 15061(bX3), the general rule that CEQA only applies to projects that
may have an effect on the environment; and
B. Adopt a resolution to approve the 2017-2018 annual Recognized Obligation Payment
Schedule ('ROPS) in substantially the same form as presented herewith.
Backeround
Pursuant to Senate Bill 107, the Successor Agency must submit an annual Recognized
Obligation Payment Schedule by February l'r of each year to the Califomia DeparEnent of
Finance and Los Angeles county Auditor controller. Attached for Successor Agency approval
is the ROPS for fiscal year July l, 2017 through June 30,2018. The submission of the annual
ROPS will also require approval by the Oversight Board. Previously, the Successor Agency wzrs
required to submit its' ROPS for a six month period (which is no longer required)'
Page 1 of2
Fiscal Imoact
The Agency is requesting $5,476,717 in Redevelopment Property Tax monies from the
Department of Finance. ln addition, the Agency is requesting approval of an agreement that
would allow the City to administer the remaining proceeds from the 2005 Tax Allocation Bond
issuance, These agreements have been approved by the Department of Finance for other
successor agencies and their cities.
Attachment(s)
1) Resolution Approving the 2017-2018 Annual ROPS Schedule
Page 2 of 2
RESOI.,UTION NO. SA-
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
VERNON ACTING AS THE SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF VERNON
ADOPTTNG, APPROVING, AND RATIFYING THE RECOGNIZED
OBLIGATTON PAYMENT SCHEDITLE FOR THE PERIOD JI'TY 1,
2O]-7 THROUGH JI]NE 30, 2OIA, AND APPROVING CERTAIN
RELATED ACTIONS PURSUANT TO CAIIFORNIA HEALTH &
SAFETY CODE SECTTONS 34177 (L',t, 34L77 (m) AND
34180 (g)
WHEREAS, on January 17, 2OL7, the City of Vernon act.ing as
the Successor Agency of the Redevelopment. Agency of Ehe City of Vernon
("Successor Agency" ) considered the adoption, approval and
ratification of t.he Recognized Obligation Pa)rment Schedule for the
period of July L, 20L7 through ,June 30, 2018, ("ROPS"), using the
electronic-version of the recognized obligaE.ion pa)rmenE schedule
provided to the Successor Agency by Ehe Department of Finance
("Finance"); and
WHEREAS, the Successor Agency desires to adopt, approve, and
ratify the ROPS attached hereto and as EransmiEt.ed by sEaff of the
Successor Agency to meet the February L, 2OL7, deadline imposed by
Finance,' and
VIHEREAS, in furtherance of the foregoing reciEals, the
successor Agency desires to adopE, approve. and raEify Ehe ROPS
attached hereEo and inst.ruct sEaff and special counsel to Ehe
Successor Agency to negotiate wit.h the Los Angeles County Audit.or-
Controller and Finance. as and if appropriate, following the
January L7, 2OL7, meeting of the Successor Agency, to assure the goals
and desires of the Successor Agency in this resolution are carried
outs .
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF VERNON ACTING AS THE SUCCESSOR AGENCY OF THE REDEVELOPMENT
AGENCY OF THE CITY OF VERNON AS FOI.,LOWS:
SECTION 1: The City Council of the Cit.y of Vernon Acting as
Ehe Successor Agency of the Redevelopment Agency of the Cit.y of Vernon
hereby finds and determines thats the above reciEals are true and
correct. .
SECTION 2: The City Council of the Cit.y of Vernon Acting as
tshe Successor Agency of the Redevelopment Agency of the City of Vernon
hereby finds EhaE this action is exempt under Ehe California
Environmental Quality Act ("CEQA") because it is a government fiscal
act.iviEy that lrill not result in any change to tshe environment and,
therefore, is noE. a "project" as defined by CEoA Guidelines Sect,ion
15378. Even assuming the acEivity were a "project", it would be
exempt from CEOA rewiew in accordance wit.h CEQA Guidelines Section
15051(b) (3), the general rule thaE CEOA only applies to projecE.s that.
may hawe an effecC on the environment.
SECTION 3: The City Council of the City of Vernon Act.ing as
the Successor Agency of t.he Redevelopment Agency of the City of Vernon
hereby adopts, approves, and rat.ifies t.he ROPS, in the form attached
to this Resolution as Exhibit A, pursuant to California Health &
Safety Code secEions 34L77 (L), 34L77 (m) , and 34180(g) .
SECTION 4: The CiEy Clerk, or Deputy Cit.y Clerk, of the Cit.y
of Vernon, as Secretary Eo the Successor Agency sha11 cerEify Eo Ehe
passage. approval and adopEion of t.his resoluEion, and the Secretsary of
the Successor Agency sha11 cause this resolution and the Secret.ary,s
certificaEion t'o be ent.ered in the File of Resolutions of the Board of
the Successor Agency.
APPROVED AND ADOPTED Ehis 17Eh day of January, 2017.
Name :
TiEle: Chairman / vice Chairman
ATTEST:
Maria E. Aya1a, SecreEary
Best Best. & Krieger
Special Counsel Eo
LLP,
Ehe Successor Agency
3
AS TO FORM:
STATE OF CALIF'ORNTA
COI'NIY OF LOS ANGELES
I, Maria E. Ayala, acting on behalf of the Successor Agency as its
Secretary, do hereby certify EhaE the foregoing ResoIuEion, being
Resolution No. SA- , was duly passed, approved and adopted by the City
Council of the CiEy of Vernon Acting as Ehe Successor Agency of Ehe
Redevelopment Agency of the CiEy of Vernon at a special meeEing of the
Successor Agency duly held on Tuesday. January 17, 2017, and thereaft.er
was duly sigrned by the Chairman or Vice Chairman of the Successor
Agency.
Executed this day of ,January, 201,7, aE Vernon, California.
Maria E. Aya1a, Secretary
(SEAL )
4
EXHIBIT A
o-qF
*-t-t
s lf]
l:l
:llo,- I oJ
l:l
a
;-& hEca
>B I
3EP6!lr
rfreE
EE se
Yt rEBo;€dlE a€
-ai 6 6a2 P2
6;EP
o (/, >.FEgEtEE 6-9
EATPH3Ae6 3
Olr
F
d
3-
rtd
@-q
I
,9Ez
(,
+l!
AC+F:o.6- E= iiig_Ei
EEE3F-gE6=EF5EEEOr,Llt
Eol-o€ , d &HgsE E eE
=BE€E EHeE9,?€s3E
EEE€!EEEuro
<.DoourLLoI
Fo
1..
ioF
FbGE
E
@
aaDF,qF -lt)
oPO-oo'-g3
@!!
ti9 -6'
o5OE
qEtsN
(E-a. 4'
oq
o.P=-ll6OEtlol!
IDoootr -9
E
CD
o
o!iof50o<)
o.
@-
dq
E
a
E
E
o
o
I
E
E.?P E
5 "Ez
(9
9
€ s' :.9i8- ab
E
ea
z
.?
9s
o
e
t
Eg,, 3: -dF5€E
E&e e Ed .96-
e
o 91 tr
EEe frEd A- E,E
.9p!G6
ob
o
o
36
CE
6
od,
I
E
;9s
@
i
9c
to
og
:'
6
a
E
e
E,9
@
(,.o-E
E E3
EeS: oo
1356SP:
E PY3=9
I c<
Ed<)
!
gio
E
ulo
o-oE
I
o. E)
g
=I
a9E:
EE
E€6g<i;P
-9Ecl!
.E EB
EO::lE5
EEh
Er I9L bat o- 4
G
E
E
.o
F
o-d,o
o
6
!o
@N
E+a;
Er
itE.{
{=
s(9!o
o
!
o
o
otoEI
d
t-
6o.od,
s
!
o
c
E
o.
Eo
g
.oott
oo
E,
oc
oo
o
o
fa
ED:o
FcN
j
faoo
oz
o
F
oGo0t
o,tto
(,o
co
E
6o-
o
(!.9l|oEol!
EDooot
otr
o E
(.)q
oz
5
E >e Eo s;*9 EE 5
=3E oerstfi
9.,(.)-9h 9Dr
aq-E
9a E Q6gEH9 s 6r
E3P3
EEEP
E EEEgEEE
E $eeE r 9E@t'ip
3: b g
3;ts 6
E B ,,' 9a;-=o96 EE]tE::a o€iEt
E6;E
9EOFa9=E
6 B qs
se;e
E5 E.
@ o*_I
€Eo,,f
E 5 a;
RE EE:uJS i
E3i?FE3;
3F9C
9.=2^-q iv:959qR:; HE9o Igg E P