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From YouTube: San Bruno City Council Meeting September 10, 2013 10b. Redevelopment Agency Activities
Description
San Bruno City Council Meeting September 10, 2013
10b. Successor Agency to the Redevelopment Agency Activities
A
Correct
me
if
I'm
wrong
city
manager,
I,
don't
believe
we're
going
to
have
any
action
this
evening,
just
informational
we're
going
to
hear
about
the
recognized
obligation,
payment
schedule,
2013
14
B
for
the
period
of
January,
first
to
24,
2014
through
january
thirtieth,
2014,
and
hear
about
the
long-range
property
management
plan
and
hear
about
the
amounts
owed
to
the
city
of
san
bruno
by
the
former
same
burner.
Redevelopment
agency.
B
Good
evening,
honorable
mayor
members
of
the
City
Council,
my
report
this
evening
is
to
provide
an
update
on
the
activities
of
the
successor
agency
to
the
San
Bruno
redevelopment
agency
and
I
would
like
to
reiterate
what
was
stated
in
the
staff
report
that
action
by
the
City
Council,
acting
as
the
successor
agency,
is
not
required
on
any
of
these
items
this
evening.
They
are
for
informational
purposes.
However,
resolutions
were
included
for
three
different
items
in
here
simply
to
confirm
the
city's
interest
in
intent
related
to
these
items.
So
action
is
not
required.
B
However,
we
were
requesting.
We
are
requesting
action,
only
to
confirm
the
city's
interest
on
approving
the
roths
and
approving
the
draft
long-range
property
management
plan
in
approving
a
resolution
on
the
advances
which
I'm
going
to
go
into
more
detail
here
in
just
a
moment.
So
over
the
course
of
the
past
18
months,
city
staff
have
been
working
to
meet
the
numerous
requirements
and
deadlines
associated
with
the
to
redevelopment,
dissolution
bills,
assembly
bill
x,
126
and
a
B
1484.
B
These
activities
include
the
completion
of
several
different
audits,
preparation
of
items
for
the
12
oversight,
board
meetings
that
have
occurred
to
date,
as
well
as
the
timely
completion
of
the
recognized
obligation,
payment
schedules
and
other
reports
that
are
required
by
the
dissolution
legislation.
A
recap
of
some
of
the
more
significant
milestones
that
have
occurred
include
the
completion
of
the
two
due
diligence
review,
audits
for
the
low
and
moderate
income
housing
fund
and
all
other
RDA
funds
and
their
respective
approval
by
the
Oversight
Board.
B
So
that
said,
there
continue
to
be
several
important
activities
ahead
for
the
successor
agency,
the
first
of
which
is
the
preparation
and
adoption
of
a
recognized
obligation,
payment
schedule
twice
a
year
to
ensure
this,
that
the
successor
agency
receives
funds
for
the
outstanding
obligations
of
the
former
Redevelopment
Agency.
The
draft
rops
13-14
be
for
the
period
of
january.
B
First
2014
to
jun,
30
2014
has
been
prepared
and
included
as
an
attachment
to
the
staff
report
and
includes
continuing
payment
for
the
debt
for
the
construction
for
the
police
facility,
subsidy
payments
for
the
provision
of
low
and
moderate
income,
housing
at
the
crossing
development
and
the
payment
of
administrative
costs
to
the
successor
agency.
The
next
item
of
significance
is
the
preparation
and
adoption
by
the
oversight
board
of
the
long-range
property
management
plan
that
addresses
the
disposition
and
use
of
real
property
owned
by
the
former
Redevelopment
Agency.
B
The
only
property
owned
by
the
RDA
is
the
downtown
park
located
at
456
San
Mateo
Avenue,
acceptable
uses
of
this
property
for
redevelopment.
Dissolution
legislation
include
retention
of
the
property
for
continuing
governmental
use,
retention
of
the
property
for
future
development
retention,
the
sale
of
the
property
or
use
of
the
property
to
fill
to
fulfill
an
enforceable
obligation.
B
The
agency's
draft
long-range
property
management
plan,
which
I
understand
the
City
Council,
has
not
yet
had
an
opportunity
to
review
as
it
was
distributed
today,
has
been
prepared
to
reflect
the
city's
strong
interest
in
retaining
this
property
as
a
park
in
the
downtown
area
and
its
desire
for
the
property
to
be
transferred
to
the
city
at
no
cost.
The
other
item
of
importance
concerns
the
repayment
of
the
outstanding
advances
of
2.9
million
dollars
o
to
the
city
from
the
former
redevelopment
agency.
B
The
annual
repayment
amount
is
limited
by
a
statutory
formula
that
allows
only
for
repayment,
if
there's
an
increase
in
the
residual
balance
of
property
tax
distributed
to
all
the
taxing
entities
in
a
given
year
from
the
base
year
in
2012-13
and
I
know
that
made
absolutely
no
sense.
What
I
just
said.
Something
try
to
give
an
example.
B
So
in
2012-13
we
can
just
say
that
say:
3
million
dollars
was
available
to
be
distributed
to
all
the
various
taxing
entities
if
in
the
first
year
that
repayment
is
available,
which
is
2014-15
that
residual
balance
gross
to
3.5
million
the
difference
of
five
hundred
thousand
dollars.
Fifty
percent
of
that
difference
is
what
is
eligible
to
be
repaid
to
the
city
as
the
outstanding
advance,
so
$250,000
would
be
repaid
in
2014-15
in
that
formula.
B
So
fifty
percent
of
the
increase
that
said,
the
legislation
also
says
that
twenty
percent
of
the
outstanding
advances
must
be
set
aside
for
the
provision
of
low
and
moderate
income
housing
so
of
the
outstanding
2.9
million
dollars,
the
city
can
to
receive
repayment
of
two
point.
Three:
eight
million
in
the
form
of
unrestricted
unrestricted
loan
repayment
in
the
remaining
six
hundred
thousand
would
be
set
aside
for
housing
purposes,
so
assuming
oversight
board
approval.
Other
a
payment
of
the
advances
repayment
is
anticipated
to
occur
over
many
years.
B
B
Action
successor
agency
action
is
not
required
on
any
of
these
items
presented
this
evening,
however,
action
was
being
requested
only
to
confirm
the
agency's
position
and
interest.
All
of
these
items
will
be
presented
to
the
oversight
board
for
consideration
and
approval.
This
coming
Tuesday
September
September
17th
at
8am
at
San,
Bruno,
City,
Hall,
happy
to
answer
any
questions.
Thank.
A
C
D
E
That
was
exactly
the
issue
that
I
was
thinking
about
addressing
earlier,
so
we
did
create
a
little
bit
of
confusion
in
my
previous
answer.
I
believe
the
finance
director
has
clearly
articulated
the
purpose
of
the
resolutions
and
the
staffs
intent
in
bringing
them
forward.
You
have
previously
been
presented
with
and
acted
on,
to
approve
resolutions
on
each
each
six-month
period,
each
half
year
period
when
the
ROPS
has
come
forward
to
you
before,
and
we
would
anticipate
continuing
that
practice
on
each
of
these
other
two
items.
E
The
oversight
board
has
considered
the
issue
of
repayment
of
the
outstanding
balance
due
to
the
city
by
the
former
Redevelopment
Agency,
and
has
provided
a
favorable
favorable
to
the
city's
interest
action
that
has
included
that
item
in
the
ROPS.
So
the
this
action
is
fully
consistent
with
the
previous
positions
of
the
city
that
represent
our
interest
in
having
that
amount
repaid.
The
item.
E
That's
new
to
you
tonight
is
long
range
management
planned
for
the
property
that
the
one
property
that
is
owned
by
the
former
Redevelopment
Agency,
and
that
is
the
subject
of
decision-making
by
the
oversight
board
and
two
more
specifically
answer
the
question
that
vice
mayor
has
raised.
The
answer
is
yes:
we
believe
that
there
will
be
a
need
for
significant
consideration
and
discussion
by
the
oversight
board
in
evaluating
the
disposition
of
that
property.
E
At
the
same
time,
I
think
it's
fair
to
say
that
the
City
Council
has
previously
identified
it's
very
strong
interest
in
this
property
and,
most
recently,
and
particularly
since
that
property
was
transitioned
into
a
public
space
in
2007
that
the
City
Council
has
identified.
It's
very
strong
interest
and
its
continuing
interest
through
the
transporters
plan
for
public
space
in
the
downtown.
As
the
finance
director
has
indicated,
the.
E
Law
requires
the
song
range
property
management
plan.
That
management
plan
has
been
directed,
has
been
developed,
consistent
with
staffs
understanding
of
the
previous
interest
and
direction
by
the
City
Council
regarding
the
maintenance
of
that
property
in
city
public
ownership.
And
at
this
point
I
would
say
that
the
primary
purpose
of
the
resolution
tonight
in
front
of
you
is
to
provide
a
statement
to
the
oversight
board.
That
confirms
and
better
represents
the
staff
presentation
that
will
be
made
at
the
next
oversight
board
meeting
on
this
issue
and
again
subject
to
their
decision-making
and
determination.
D
F
G
You
know
our
obligations
so
for
clarity
for
the
you
know,
for
those
who
you
know
are
not
totally
confused.
This
is
something
that
has
to
be
done
and
we
have
to
stay
on
top
of
it
out
of
fear
of
probably
being
delayed
more
because
we're
not
prepared
am
I,
am
I,
somewhat
correct
on
that,
and
and
then
hope
you
know.
Fortunately,
we
only
have
one
property,
but
now
we
have
to
you
know,
prolong.
You
know
how
we
take
care
of.
You
know,
keeping
this
property.
You
know
to
satisfy
satisfy
the
state.
F
B
So
the
20-year
number
was
in
working
with
the
numbers
that
I
have
available
and
we
don't
have
solid
numbers
to
at
this
point
in
time.
We
won't
have
the
numbers
to
confirm
what
that
initial
repayment
amount
will
be
until
next
calendar
year,
but
based
on
the
information
that
we
have
at
this
time.
My
early
estimate
is
that
we
would
expect
to
receive
a
repayment
in
and
around
two
hundred
thousand
dollars
in
2014-15.
B
So
if
that
amount
were
two
roommates,
they
remain
consistent.
We
would
be
able
to
foresee
repayment
in
less
than
20
years.
However,
there
could
be
an
economic
downturn
one
year
in
which
may
be
the
value,
the
amount
of
residual
property
taxes
less,
and
so
a
repayment
doesn't
occur
or
there
could
be
a
year.
Also,
rogue
jumps
up
dramatically.
Repayment
increases
it's
hard
to
predict,
obviously
so
just
running
through
those
scenarios,
20
years
seem
to
be
a
very
fair,
safe
timeframe
to
allow
for
the
full
repayment
to
occur.
B
It's
also
been
one
that's
been
chosen
by
many
other
agencies
and
that
the
Department
of
Finance
does
have
to
review
all
of
these
resolutions,
and
the
repayment
schedules
and
20
years
has
been
one
of
those
windows
in
which
they've
recommended
as
a
reasonable
time
frame.
So
you
know
that
while
50
years
would
be
the
safest
way
to
go,
the
gut
feeling
is
that
department
of
finance
isn't
going
to
jump
on
board
with
something
in
the
long
terms.
The
20
years
was
thought
to
be
the
safest
way.
Thank.
F
D
D
C
C
D
C
D
Read
it
through
so
I,
don't
see
anything
in
here
that
we
haven't,
as
you
said,
talked
about
before
my
only
confusion
is
in
here
it
just.
It
says
the
property
is
470
san
mateo
avenue
and
in
your
report
it's
456.
So
whichever
one
is
correct,
you
want
to
make
sure
that's
I,
hey
anyway,
I'd
like
to
introduce
the
resolution
approving
the
long-range
property
management
plan.