Agenda

Return

C. 83

To:	Board of Supervisors
From:	Maureen Toms, Oversight Board Secretary
Date:	January 18, 2022

Contra

Costa

County

Subject:

Recognized Obligation Payment Schedule (ROPS) July 1, 2022 - June 30, 2023

APPROVE	OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR	RECOMMENDATION OF BOARD COMMITTEE

Action of Board On: 01/18/2022

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, 925-655-2895

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 18, 2022
Monica Nino, County Administrator

BY:	, Deputy

RECOMMENDATION(S):

ADOPT Resolution No. 2022/24 approving the Recognized Obligation Payment Schedule (“ROPS 22-23”) for the period of July 1, 2022 through June 30, 2023.

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:

Resolution No. 2022-24 adopts ROPS 22-23, which is included as Exhibit A to this report. After adoption by the Successor Agency, ROPS 22-23 will be submitted to the Countywide Oversight Board for approval. The Oversight Board is scheduled to meet on January 24, 2022. As required under Health and Safety Code Section 34179.6, ROPS 22-23 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 22-23 no later than February 1, 2022.

ROPS 22-23 authorizes all payments to be made by the Successor Agency for enforceable obligations for the twelve-month time period between July 1, 2022, and June 30, 2023. The payments noted on the ROPS are estimates. In most cases, assumptions made for ROPS 22-23 were based on actual expenditures in the prior ROPS and expected expenditures in the upcoming period.

The title page of ROPS 22-23 shows that enforceable obligations require $8,287,374 from the Redevelopment Property Tax Trust Fund (the “RPTTF”) and $250,000 for Administrative RPTTF. This amount assumes the RPTTF has already set aside pass-through payments to taxing entities and administrative costs for the County Auditor-Controller.

CONSEQUENCE OF NEGATIVE ACTION:

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.