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File Number: 19-660 <br />the Successor Agency and Oversight Board are required in order to submit the ROPS to the <br />California Department of Finance by February 1, 2020. <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 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 2020-2021 <br />ROPS: <br />·Urban Analytics - $6,500 <br />o Consultant performing continuing disclosure requirements for bonds and fiscal analysis <br />of tax enforcement <br />·Sales Tax Rebate Ford Store - $225,000 estimated <br />o Second-to-last payment of sales tax rebate per the 2000 Owner Participation <br />Agreement, which rebates 50% of sales tax received above a base of $277,000. <br />·Casa Verde Operating Agreement - $169,756 estimated <br />o 30 Year Annual Operating Subsidy to 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 ABx1 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 2020-21 ROPS <br />period, the $250,000 minimum will apply. <br />·San Leandro Improvement Association - $5,000 <br />o Assessment payments for Successor Agency-owned properties in the downtown <br />business improvement district. Actual amount based on annual assessment charges. <br />·2001 Certificates of Participation/2013 Lease Revenue Bonds - $549,665 <br />o Annual debt service payment per payment schedule. <br />·2014 Tax Allocation Bonds - $1,912,114 <br />o Annual debt service payment per payment schedule. 2014 bonds replaced 2002 <br />Plaza Area and 2004 West San Leandro Area Bonds. <br />·Plaza Project Loan - $89,795 <br />o Final annual debt service payment from Successor Agency to City General Fund. 2004 <br />Loan from City to Redevelopment Agency was reinstated in 2016 and payments began <br />on the 2017-18 ROPS. Payment amounts based on residual Redevelopment Property <br />Tax Trust Fund funding available following payment of enforceable obligations. Up to <br />50% of residual funds above the base residual fund level in fiscal year 2012-13 may be <br />Page 2 City of San Leandro Printed on 12/23/2019 <br />26