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File Number: 18-653 <br />ROPS to the California Department of Finance by February 1, 2019. <br />Analysis <br />A primary responsibility of the Successor Agency is to oversee the payment of Enforceable <br />Obligations. Enforceable Obligations are defined as: <br />·Bonds including debt service reserve set asides and any other required payments; <br />·Loans borrowed by the Agency; <br />·Payments required by the federal or state governments; <br />·Pension and unemployment payments for Agency employees; <br />·Judgments, settlements, or binding arbitration decisions; and <br />·Any legally binding and enforceable contract that does not violate the debt limit or public <br />policy. <br />Funding is requested for the following Enforceable Obligations on the Fiscal Year 2019-2020 <br />ROPS: <br />·Urban Analytics - $6,500 <br />o Consultant performing continuing disclosure requirements for bonds and fiscal analysis <br />of tax enforcement <br />·232 East 14th Street Senior Housing - $55,908 <br />o Final annual debt service payment for HUD Section 108 Loan per payment schedule <br />·Sales Tax Rebate Ford Store - $225,000 estimated <br />o Sales tax rebate per the 2000 Owner Participation Agreement, which rebates 50% of <br />sales tax received above a base of $277,000. <br />·Casa Verde Operating Agreement - $151,460 estimated <br />o 30 Year Annual Operating Subsidy for Mercy Housing for development of affordable <br />housing at the former Islander Motel at 2398 E. 14th St. Payments per schedule <br />established in 2006 Disposition and Development Agreement. <br />·Successor Agency Administration - $250,000 <br />o Based on AB x1 26, the amount permitted to fund staff and legal costs and expenses <br />for Successor Agency Administration is the greater of 3% of funds received from the <br />Redevelopment Property Tax Trust Fund or $250,000 annually. For the 2019-20 ROPS <br />period, the $250,000 minimum will apply. <br />·Doolittle Drive Streetscape Project - $400,000 <br />o Per the reinstated agreement between the City and Redevelopment Agency, funds for <br />design work for completion of the third phase of Doolittle Drive Streetscaping (between <br />Davis St. and Fairway Dr.). Note that these funds were previously requested on the <br />2016-17 ROPS. However, the project was not ready to proceed and the funds were <br />not utilized and as such returned to the State. Design work for the project is now <br />planned to begin in FY19-20 and as such, the funds are again requested on the ROPS. <br />·San Leandro Improvement Association - $10,000 <br />o Assessment payments for Successor Agency-owned properties in the downtown <br />business improvement district. Actual amount to be based on annual assessment <br />charges. <br />·2001 Certificates of Participation/2013 Lease Revenue Bonds - $544,610 <br />Page 2 City of San Leandro Printed on 12/21/2018