01_30_12 RDA AGENDA PACKET

BAKERSFIELD REDEVELOPMENT AGENCY
AGENDA
SPECIAL MEETING OF JANUARY 90, 201
Conference Room A, City Hall North, 1600 Truxtun Avenue

Special Meeting - 4;00 p.
m.
SPECIAL MEETING - 4;00 P.M.
1. ROLL CALL
2. PUBLIC STATEMENTS
3. CONSENT CALENDAR
a, Minutes of the January 3, 2012 regular meeting,
b, Approval of department payments from November 4, 2011 to January 27, 2012 in the
883,622.
72,
amount of $
Staff recommends approval of Consent Calendar Items 3.

a, and 3.b.
4. NEW BUSINESS
a, Amended Enforceable Obligation Payment Schedule per A1326, Section 34167 and
34169.
Staff recommends adoption of the Schedule and transmittal to the Successor Agency for
action.
5. ADJOURNMENT
R pectfuliy submitt ,
Alan Tandy
Executive DIr for
1/25/10;48 AM
2012
MEETING DATE: January 30, 2012 AGENDA SECTION: Consent Calendar
ITEM: 3.
a.
TO: Bakersfield Redevelopment Agency APPROVED
FROM: Roberta Gafford, Secretary DEPARTMENT HEAD
DATE: January 23, 2012 GENERAL COUNSEL
EXECUTIVE DIRECTOR
SUBJECT: Minutes of the January 3, 2012 regular meeting.
RECOMMENDATION:
Staff recommends approval of the minutes.
BACKGROUND:
MEETING DATE: January 30, 2012 AGENDA SECTION: Consent Calendar
ITEM: 3.b.
TO: Bakersfield RDA APPROVED
FROM: Nelson K. Smith, Finance Officer DEPARTMENT HEAD
EXECUTIVE DIRECTOR
SUBJECT: Approval of department payments from November 4,2011 to January 27012

in the amount of $
883,622.
72.
RECOMMENDATION: Staff recommends approval of payments totaling $ 72

883,622.
BACKGROUND:
Attached check register is a preliminary payment listing. A final payment listing will be provided
to the board members at the meeting on 01 /30/
2012.
SAW 12.
G\
BRDA\
2012\
BRDA-
01- ADMIN-
ADMIN--
AP-
30-
doc
BAR
OF~ c,4
coMORATEp
S~
ADMINISTRATIVE REPORT
C "nu""
Y u.~
P
gLIFO
MEETING DATE: January 30, 2012 AGENDA SECTION: New Business

ITEM: 4.a.
TO: Bakersfield Redevelopment Agency
FROM: Donna L. Kunz, Deputy Executive Director DEPARTMENT HEAD
EXECUTIVE DIRECTO
SUBJECT: Adoption of the Amended Enforceable Obligation Payment Schedule per AB26-
Section 34167 and 34169
RECOMMENDATION:
Staff recommends adoption of the Amended Enforceable Obligation Payment Schedule and
transmittal to the Successor Agency for action.
BACKGROUND:
A recent Supreme Court decision upheld the Dissolution of

Redevelopment Agencies AB26x1
effective February 1, 2012. As a result, the Successor
Agency is required to create a
Redevelopment Obligation Retirement Fund by February 1, 2012 in which the Redevelopment
Agency assets will be transferred. The Redevelopment Agency adopted an Enforceable
Obligation Payment Schedule in August 2011 as required. The regulations allow an opportunity
to amend the schedule and transfer it to the Successor Agency for action. The Successor
Agency may also modify the schedule if necessary and also adopt the Amended Enforceable
Obligation Payment Schedule ( EOPS) prepared by the former Redevelopment Agency. The
Successor Agency may only make payments for those obligations identified in the EOPS until it
adopts another schedule known as the formal Recognized Obligation Schedule ( ROPS).
It is important for the amended EOPS to be accurate and reflect all of the obligations and
payments required by the former Redevelopment Agency. The payments should be reflected
through the fiscal year ending June 2012. This is needed because the dissolution bill also calls for
the Successor Agency to create a new schedule called the Recognized Obligation Payment
Schedule ( ROPS). The amended EOPS adopted by the Redevelopment Agency today will be
transmitted to the Successor
Agency. The Successor Agency in the interim ( starting February 1),
will make the
payments listed as enforceable
only obligations on the EOPS. This action will make
sure that all of the former Redevelopment Agency obligations are met until such time as the first
recognized obligation payment schedule ( the BOPS) has been prepared by the Successor
Agency, certified and approved by the Successor Agency's oversight board. The dissolution bill
S:\
RDA\ Admins\ Admins 2012\Amended
RDA EOPS Payment Schedule.Docx
January 19, 2012, 3:
24PM
dk
ADMINISTRATIVE REPORT
does not define a timeline for this entire process to be accomplished by the various agencies
involved.
The ROPS is required to be prepared and submitted every six months by the Successor Agency to
theOversight Board where it will be certified and transmitted to the State. The draft of the first
ROPS covering the payment period from January 1, 2012 through June 30, 2012 is required to be
submitted to the Auditor Controller no later than March 1, 2012.
Staff has conducted a review of all of the enforceable obligations of the Redevelopment
Agency and amended the schedule to include public infrastructure projects and residential
developments that are obligated under the Prop 1 C State Grant Agreement. The Prop 1 C
agreement requires the development of five projects and five

affordable residential
infrastructure projects be constructed in the by Golden State,
Mill Creek Infill Area bounded
Union Avenue, N Street and California. The Redevelopment Agency received a $10.9 million
dollar grant award contingent on the construction of the infrastructure projects and
development of the affordable housing units. Four residential projects are under development
contract with one remaining to be awarded at 20th Street. In addition, three infrastructure
projects have been awarded construction contracts with two remaining. The remaining two
includes the 17th Street Mill Creek Linear Park Plaza and the Sister City Phases for the Mill Creek
Linear Park Project. The funds required to construct these improvements and the housing
development on 20th street are identified as obligations in the amended EOPS.
S:\
RDA\ Admins\ Admins 2012\Amended
RDA EOPS Payment Schedule.Docx
January 19, 2012, 3:
24PM
dk

01_30_12 RDA AGENDA PACKET

Uploaded by

Copyright:

Available Formats

01_30_12 RDA AGENDA PACKET

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

01_30_12 RDA AGENDA PACKET

Uploaded by

Copyright:

Available Formats

BAKERSFIELD REDEVELOPMENT AGENCY

Conference Room A, City Hall North, 1600 Truxtun Avenue

SPECIAL MEETING - 4;00 P.M.

a, Minutes of the January 3, 2012 regular meeting,

Staff recommends approval of Consent Calendar Items 3.

TO: Bakersfield Redevelopment Agency APPROVED

FROM: Roberta Gafford, Secretary DEPARTMENT HEAD

DATE: January 23, 2012 GENERAL COUNSEL

SUBJECT: Minutes of the January 3, 2012 regular meeting.

Staff recommends approval of the minutes.

TO: Bakersfield RDA APPROVED

FROM: Nelson K. Smith, Finance Officer DEPARTMENT HEAD

DATE: January 24, 2012 GENERAL COUNSEL

SUBJECT: Approval of department payments from November 4,2011 to January 27012

RECOMMENDATION: Staff recommends approval of payments totaling $ 72

MEETING DATE: January 30, 2012 AGENDA SECTION: New Business

TO: Bakersfield Redevelopment Agency

FROM: Donna L. Kunz, Deputy Executive Director DEPARTMENT HEAD

DATE: January 19, 2012 GENERAL COUNSEL

A recent Supreme Court decision upheld the Dissolution of

agreement requires the development of five projects and five

You might also like