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File Number: 23-613 <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 <br />public policy. <br />Funding is requested for the following Enforceable Obligations on the 2024-2025 ROPS: <br />·Urban Analytics - $6,500 <br />o Consultant performing continuing disclosure requirements for bonds and fiscal <br />analysis of tax enforcement. <br />·Bond Compliance - $14,235 <br />o Covering trustee fees and consultant to serve as dissemination agent. <br />·Casa Verde Operating Agreement - $193,340 <br />o 30 Year Annual Operating Subsidy to Mercy Housing for development of <br />affordable housing at the former Islander Motel at 2398 E. 14th Street. <br />Payments are made per the schedule established in the 2006 Disposition and <br />Development Agreement. <br />·Successor Agency Administration - $250,000 <br />o Based on ABx1 26, the amount permitted to fund staff and legal costs and <br />expenses for Successor Agency Administration is the greater of 3% of funds <br />received from the Redevelopment Property Tax Trust Fund (RPTTF) or <br />$250,000 annually. For the current ROPS period, the $250,000 minimum will <br />apply. <br />·2001 Certificates of Participation/2013 Lease Revenue Bonds - $563,727 <br />o Annual debt service payment is made per the payment schedule. <br />·2014 Tax Allocation Bonds - $2,091,613 <br />o Annual debt service payment is made per the payment schedule. The 2014 <br />bonds replaced the 2002 Plaza Area and the 2004 West San Leandro Area <br />Bonds. <br />·2018 Tax Allocation Bonds - $2,487,932 <br />o Annual debt service payment is made per the payment schedule. The 2018 <br />bonds replaced the 2008 Tax Allocation Bonds, which were refinanced under <br />better terms and ‘retired’ on the 2019-2020 ROPS. <br />The consolidated Alameda County Oversight Board is scheduled to review this ROPS and <br />Administrative Budget on January 18, 2024. If approved, it will be forwarded to the California <br />Department of Finance, the State Controller’s Office and the Alameda County Auditor <br />Controller prior to February 1, 2024. <br />Previous Actions <br />·On January 9, 2012, the City Council affirmed its decision to have the City serve as the <br />Successor Agency to the former Redevelopment Agency and to retain the Agency’s <br />housing assets and functions. <br />·On January 19, 2016, the Successor Agency to the Redevelopment Agency of the City <br />of San Leandro approved a reinstated Loan Agreement between the City and the <br />Successor Agency and authorized execution of the amended and restated promissory <br />note for the Plaza Project Loan. <br />Page 2 City of San Leandro Printed on 12/21/2023