Agenda

Return

C. 67

To:	Successor to the Contra Costa County Redevelopment Agency
From:	Maureen Toms, Oversight Board Secretary
Date:	January 19, 2021

Contra

Costa

County

Subject:

Recognized Obligation Payment Schedule (ROPS) and Administrative Budget for July 1, 2021 - June 30, 2022

APPROVE	OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR	RECOMMENDATION OF BOARD COMMITTEE

Action of Board On: 01/19/2021

APPROVED AS RECOMMENDED

OTHER

Clerks Notes:

VOTE OF SUPERVISORS

AYE:

John Gioia, District I Supervisor
Candace Andersen, District II Supervisor
Diane Burgis, District III Supervisor
Karen Mitchoff, District IV Supervisor
Federal D. Glover, District V Supervisor

Contact:

Maureen Toms (925) 674-7878

I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board of Supervisors on the date shown.
ATTESTED: January 19, 2021
Monica Nino, County Administrator

BY:	, Deputy

RECOMMENDATION(S):

ADOPT Resolution No. 2021/28 approving the Recognized Obligation Payment Schedule (“ROPS 21-22”) and administrative budget for the Successor Agency (“Administrative Budget”) for the period of July 1, 2021 through June 30, 2022.

FISCAL IMPACT:

No impact to the General Fund. Since the Contra Costa County Redevelopment Agency dissolved (the “Dissolved RDA”), the tax allotment is now deposited in the Redevelopment Property Tax Trust Fund (“RPTTF”), which is administered by the County Auditor-Controller. Distributions are made semi-annually from the RPTTF to the Successor Agency by the County Auditor-Controller to fund the Successor Agency's administrative budget and Recognized Obligation Payment Schedule. These funds are distinct and separate from other funds used by the Department of Conservation and Development. According to State law, any obligation of the Successor Agency that cannot be funded by the RPTTF would not be an obligation of the County.

BACKGROUND:

Recognized Obligation Payment Schedule 21-22

BACKGROUND: (CONT'D)

Resolution No. 2021/28 adopts ROPS 21-22, which is included as Exhibit A to this report. After adoption by the Successor Agency, ROPS 21-22 will be submitted to the Countywide Oversight Board for approval. The Oversight Board is scheduled to meet on January 25, 2021. As required under Health and Safety Code Section 34179.6, ROPS 21-22 will be submitted to the State Controller's Office, Department of Finance (DOF) and the County Auditor-Controller, and will be posted on the Successor Agency's website. The DOF must receive ROPS 21-22 no later than February 1, 2021.

Administrative Budget

Pursuant to Health & Safety Code Section 34177, the Successor Agency staff prepares a budget for the fiscal year. The state statute specifies a minimum administrative cost allowance to the Successor Agency for its administrative costs, using a percentage of property tax revenue allocated by the County Auditor-Controller to the Successor Agency to meet enforceable obligations. The County Auditor-Controller calculates the allowance using three percent of the distribution to be received by the Successor Agency from the Redevelopment Property Tax Trust Funds (RPTTF) or $250,000 for the fiscal year, whichever amount is greater. The Successor Agency will budget for the minimum $250,000 for FY 21-22. The administrative budget is attached as Exhibit B.

CONSEQUENCE OF NEGATIVE ACTION:

Failure to adopt the resolution would require the Board to consider other options for providing and funding staff support for the Successor Agency. Without approving the Recognized Obligation Payment Schedule, the County Auditor-Controller would not be able to allocate funds to the Successor Agency for staffing services and payment of recognized obligations during this twelve-month period, and the Successor Agency would risk defaulting on enforceable obligations.