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File Number: 21-744 Analysis A primary responsibility of the Successor Agency is to oversee the payment of Enforceable Obligations. Enforceable Obligations are defined as: ·Bonds, including debt service reserve set-asides and other required payments; ·Loans borrowed by the Agency; ·Payments required by the federal or state governments; ·Pension and unemployment payments for Agency employees; ·Judgments, settlements or binding arbitration decisions; and ·Any legally binding and enforceable contract that does not violate the debt limit or public policy. Funding is requested for the following Enforceable Obligations on the 2022-2023 ROPS: ·Urban Analytics - $6,500 o Consultant performing continuing disclosure requirements for bonds and fiscal analysis of tax enforcement. ·Bond Compliance - $7,500 o Covering trustee fees and consultant to serve as dissemination agent. ·Casa Verde Operating Agreement - $170,744 o 30 Year Annual Operating Subsidy to Mercy Housing for development of affordable housing at the former Islander Motel at 2398 E. 14th Street. Payments are made per the schedule established in the 2006 Disposition and Development Agreement. ·Successor Agency Administration - $250,000 o Based on ABx1 26, the amount permitted to fund staff and legal costs and expenses for Successor Agency Administration is the greater of 3% of funds received from the Redevelopment Property Tax Trust Fund (RPTTF) or $250,000 annually. For the 2022-23 ROPS period, the $250,000 minimum will apply. ·Doolittle Dr. Streetscape - $400,000 o Per reinstated agreement between the City and Redevelopment Agency, funds for design work for completion of third phase of Doolittle Drive Streetscaping (between Davis St and Fairway Dr). Note that these funds were previously requested on the 2019-2020 ROPS. However, the project was not ready to proceed and the funds were not utilized and as such returned to the State. Design work for the project is now planned to begin in FY2022-2023 and as such, the funds are again requested on the ROPS. ·San Leandro Improvement Association - $5,000 o Assessment payments for Successor Agency-owned properties in the downtown business improvement district. The Actual amount is based on annual assessment charges. ·2001 Certificates of Participation/2013 Lease Revenue Bonds - $553,665 o Annual debt service payment is made per the payment schedule. ·2014 Tax Allocation Bonds - $2,113,364 o Annual debt service payment is made per the payment schedule. The 2014 bonds replaced the 2002 Plaza Area and the 2004 West San Leandro Area Bonds. Page 2 City of San Leandro Printed on 12/30/2021 527