HomeMy WebLinkAbout9/24/2013 - STAFF REPORTS - 3.A. OVERSIGHT BOARD
FOR THE SUCCESSOR AGENCY TO THE
PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY
BOARD REPORT
MEETING DATE: September 24, 2013 NEW BUSINESS
TITLE: APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE
(ROPS 13-14B) FOR THE PERIOD OF JANUARY 1, 2014 THROUGH
JUNE 30, 2014
INITIATED: Department of Community & Economic Development
RECOMMENDATION:
1. Adopt Resolution No. "A RESOLUTION OF THE OVERSIGHT BOARD
OF THE SUCCESSOR AGENCY TO THE PALM SPRINGS COMMUNITY
REDEVELOPMENT AGENCY APPROVING THE RECOGNIZED OBLIGATION
PAYMENT SCHEDULES FOR THE PERIOD OF JANUARY 1, 2014 THROUGH
JUNE 30, 2014 (ROPS 13-14B)
BACKGROUND AND ANALYSIS:
Under the Redevelopment Dissolution Act (AB X1 26), the Successor Agency is
required to approve a Recognized Obligation Payment Schedule (ROPS) every six
months and submit to the County Auditor-Controller, the State Department of Finance,
and the State Controller's Office. After review and approval by the City Council as the
Successor Agency, the ROPS must be approved by the Oversight Board created and
appointed under Section 34179 of the Health & Safety Code. This schedule covers the
period from January 1, 2014 to June 30, 2014. Upon approval by the Oversight Board,
the ROPS will be submitted to the Department of Finance and County Auditor-Controller
prior to the deadline of October 1, 2013.
Items not questioned during each review period may be subject to a subsequent review,
if they are included on a future ROPS. If an item included on a future ROPS is not an
enforceable obligation, Finance reserves the right to remove that item from the future
ROPS, even if it was not removed from the preceding ROPS.
Staff recommends the Oversight Board approve ROPS 13-14B. As with the prior
actions of the Oversight Board, any changes to the ROPS based on DOF review would
return to the Oversight Board for review and amendment.
RESOLUTION NO. 015
A RESOLUTION OF THE OVERSIGHT BOARD OF THE
SUCCESSOR AGENCY TO THE PALM SPRINGS
COMMUNITY REDEVELOPMENT AGENCY APPROVING
THE RECOGNIZED OBLIGATION PAYMENT SCHEDULES
FOR THE PERIOD JANUARY 1, 2014 THROUGH
JUNE 30, 2014 (ROPS 13-14B).
WHEREAS, the Community Redevelopment Agency of the City of Palm Springs
("Redevelopment Agency") was a redevelopment agency in the City of Palm Springs
("City"), duly created pursuant to the California Community Redevelopment Law
(Part 1 (commencing with Section 33000) of Division 24 of the California Health and
Safety Code) ("Redevelopment Law"); and
WHEREAS, the Community Redevelopment Agency was responsible for the
administration of redevelopment activities within the City; and
WHEREAS, AB X1 26 and AB X1 27 were signed by the Governor of California
on June 28, 2011, making certain changes to the Redevelopment Law, including adding
Part 1.8 (commencing with Section 34161) and Part 1.85 (commencing with Section
34170) ("Part 1.85") to Division 24 of the California Health and Safety Code ("Health
and Safety Code"); and
WHEREAS, Health & Safety Code Section 34177(1) requires the Successor
Agency to prepare a Recognized Obligation Payment Schedule (ROPS) listing the
enforceable obligations of the former Redevelopment Agency; and
WHEREAS, Section 34177(1) also provides that the ROPS (i) shall be
reviewed and certified by the Riverside County Auditor-Controller ("County
Auditor-Controller"); (ii) submitted to and duly approved by the Oversight Board;
(iii) posted on the Successor Agency's website; and (iv) submitted to the County
Auditor-Controller, the State Controller and the State Department of Finance
("Department of Finance"); and
WHEREAS, all other legal prerequisites to the adoption of this Resolution have
occurred.
NOW, THEREFORE, BE IT RESOLVED BY THE OVERSIGHT BOARD OF THE
SUCCESSOR AGENCY OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF PALM SPRINGS AS FOLLOWS:
SECTION 1. The Oversight Board hereby finds and determines that the
foregoing recitals are true and correct.
SECTION 2. The Recognized Obligation Payment Schedule for the Period of
January 1, 2014 through June 30, 2014, (ROPS 13-14B) is attached as Exhibit A
hereby approved and adopted.
Resolution No. 015
Page 2
SECTION 3. If the Oversight Board disagrees with the State's determination with
respect to any items not funded with property tax, any future resolution of the disputed
issue may be accommodated by amending the ROPS for the appropriate time period.
SECTION 4. The Oversight Board hereby directs staff of the Successor Agency
to submit the approved ROPS 13-14B to the County Auditor-Controller, the State
Controller and the State Department of Finance, and post the approved ROPS on the
Successor Agency's website.
SECTION 5. This Resolution shall take effect three days upon its adoption.
PASSED, APPROVED AND ADOPTED BY THE OVERSIGHT BOARD FOR
THE SUCCESSOR AGENCY TO THE PALM SPRINGS COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS THIS 24T" DAY OF
SEPTEMBER, 2013.
THOMAS FLAVIN, CHAIRMAN
ATTEST:
JAMES THOMPSON, CLERK/SECRETARY
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF PALM SPRINGS )
I, James Thompson, Clerk/Secretary of the Oversight Board of the
Successor Agency of the Palm Springs Community Redevelopment Agency hereby
certify that Resolution No. 015 was adopted by the Oversight Board at a Special
Meeting held on the 24th of September, 2013, and that the same was adopted by the
following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
JAMES THOMPSON
OVERSIGHT BOARD CLERK/SECRETARY
City of Palm Springs, California
Recognized Obligation Payment Schedule(ROPS 13-14B) -Summary
Filed for the January 1, 2014 through June 30,2014 Period
Name of Successor Agency: Palm Springs
Name of County: Riverside
Current Period Requested Funding for Outstanding Debt or Obligation Six-Month Total
Enforceable Obligations Funded with Non-Redevelopment Property Tax Trust Fund(RPTTF)Funding
A Sources(B+C+D): $ 18,000
B Bond Proceeds Funding(ROPS Detail) -
C Reserve Balance Funding (ROPS Detail) -
D Other Funding(ROPS Detail) 18,000
E Enforceable Obligations Funded with RPTTF Funding(F+G): $ 4,402,543
F Non-Administrative Costs(ROPS Detail) 4,277,543
G Administrative Costs(ROPS Detail) 125,000
H Current Period Enforceable Obligations(A+E): $ 4,420,543
Successor Agency Self-Reported Prior Period Adjustment to Current Period RPTTF Requested Funding
I Enforceable Obligations funded with RPTTF(E): 4,402,543
J Less Prior Period Adjustment(Report of Prior Period Adjustments Column U) (30,147)
K Adjusted Current Period RPTTF Requested Funding(I-J) $ 4,372,396
County Auditor Controller Reported Prior Period Adjustment to Current Period RPTTF Requested Funding
L Enforceable Obligations funded with RPTTF(E): 4,402,543
M Less Prior Period Adjustment(Report of Prior Period Adjustments Column AB) -
N Adjusted Current Period RPTTF Requested Funding(L-M) 4,402,643
Certification of Oversight Board Chairman:
Pursuant to Section 34177(m)of the Health and Safety code, I
hereby certify that the above is a true and accurate Recognized Name Title
Obligation Payment Schedule for the above named agency.
lsl
Signature Date
Recognized Obligation Payment Schedule(ROPS)13-14B-Report of Fund Balances
(Report Amourds m Mele Occurs)
Pumu nl to H Rh and Sakty Coda saeion 341TT(I),Redevelopment PmpeM1y Tax Truel Fund(RPTTF)maybe listed as a sour¢of payment on the ROPS,hul only to the exert no idler lundln
amorceade g source Iz availeble or when payment from property Iv revenues is required W
an obli anon.
A B C O E F G H 1 J K
Fund Source
Bond Prosasde Reserve Balance OMer RPM
Review Rem,
bald
cosines for
Bontls Issued Bonds Issued epprovetl RPM belanaea
an
or before rafter enforceable retained for bantl Grants,
Fund Bala
nce lnf.h.n b ROPa PadoO 12131110 01/01111 obF aticns InlemH,Eta Nan-Admin Admen TOYI Comments
ROPSIIIAcbRla 01N1113-BH011]
$99,692 from ROPS II Adjustment for Un5per8
RPM credited against the amount peed to the
Successor Agenry b Approved EO m ROPS 1}
14A,Bond Proosads excludes cash with fiscal
Beginning Available Fund Balance(Actual 01101113) agent sat aside in Debt Service Reserve Fund;
Note that for the RFTTF,1+2 should lie to cecumns L art O In Ole Balances also exclude amounts to be paid
1 Report of Prior Period Ad' sbnenta PPAs 99,692 1 - { 99,693 Pursuarl to DDR cutler dated July 26,2013
R4wnuNncame(Aolual 08130113)Note that tlw RPM amounts
should tie to the POPS III distributors from the reunify Auditor-
2 Controller 5 4,402,013 125.000 S 4,527,018
Expandsuros for ROPS III Erlforteable Obligations(Actual
W30113)Nole that for the RPM.3+4 shoultl tie to coenns N
3 and S in the Report of PPAs 4,371866 125,000 $ 4B6866
Retention of AniWbla Fund Balance(Actual 06130113)Note Owl
the Non-Admin RPM amount should only include the retention of
4 reserves for debt sere.iipprov.dl In ROPS III {
BOPS III RPM Price Period AdjuaenemNofe that the net Nam
Admin art Admin RPM amounts should tie to columns O and Tin No witty required
5 the Report of PPAs. 30 142 - f 30147
6 1 Ending Actual Available Fund Mearl1+2-3-4- It -is - f - S 99692 1 It 8 ;s;; - { - $ Insignia
ROPE 1}14A Esemak 07101113-12131113
B,lnning Awilable Fund Beim.(Actual 07101113)(C,D.F.G,
1 and 1=4+6.F-H4+F8 and H-5+6) $ - f - f - { 99692 f 6 S - f - f sIn,us
Rewmewlncome(Eeffmate 1m11131
Note that the RPM amounts should lie to the ROPS 1}14A 2007 Bond Proceeds-Clawbac8 of$1.021,812
8 distributions from the Courflty Auditortonboller 1021812 39000 3820947 125,00p { 5,006,759 par DOR lever of July 26,2013
Underestimated payment to VIP Motors in ROPS
III and ROPS 1}14A(EC IMm 12).isuimaled
Expenditures for 1}14A EnforcaabY Obligations
increase in EO for 1 14AMal will useOther Income
9 ussioneftan.0 bellyache
99692 39,000 9,820,947 125.000 f 4,084,83E Balance on irel EO Malf4,045639
NotenNm W Awil a Fund Balance Id emu W 121on W n
Note d alas the RPM amounts may include the retention M resetvea 2oW died Proceeds ending tl for future
10 for debt service approved in ROPS 1}14A 1,031,812 $ 1,021,813 ex antliWre pendingFinding of Com keon
it Ending Fstlmaled AwlY0la Fund Balance g+8-9-10 Is - f - S - f - S 8 { - $ - $ 9
Recognized Obligagon Payment Schedule(BOPS)13-14M-ROPE De l
January 1,2014 Mrough June 30,2014
(Raportnmoums b whole colors)
A B C 0 E F O H I J R L M N D P
Fund, Source
NanAwrievNcpmenl P.,,Tar TeX Fund
N—RPTTF RPTTF
ContreNAgeeminl ConlnNAyeemart Tonal Outstanding
Hem# ProMNamelDept O[didon logged-T Eciapen Dale Temvnapan Pale Pa Deamplexcerpre,.st Scene project Area Dept or ON'ation Reared Bond Proceeds ReserveBalance Other Funds r1rrMmin Morin Si.-Monty TOW
S 133912506 $ - j 1e000 S 4 ]> 3 $ 125000 $ 4420543
1 2004 Tax Nlo«aan ReNndN Bonds Hound Oner BIWOU .1ROM Bankof New Ymk Mefion Refimnsa 19.Tex Placawn Bala Mer0edl 15,W8,843 N M3,509 $ v,O,589
Banda,Bad..A Before IM1N0 Tuat
2 2007 Tar Nlo«bon Bonds,Seder A B nos Bsued Cn or 91191007 9114,034 Bank 0f New Yak Mellor Capital Pupets Merged 1 22,112,325 N 309613 6 M9,613
Before IM1110 Times
3 2007 Tested Tax Mecabm Bonds, LNntls Named On or 911M007 Shia. B nkof New Ywk Mellen P .ft,Ac4iaiaon Merged 3551,315 N 58647 S 58,817
Sense Before 1=1110 Trust
4 SEW Loan, SERPFIERAF aQ2=010 61302u37 Palm$,rings Hearin Lose,for FY MOMS and 2010111 Merged O,055,979 N $ -
Sencessor SEW Payments
5 Hwam9 Depend Repayment Miscellaneous 111,1996 6CaCO37 Palm Sprees Housing Re-1916 Setlnide Deferral Merged 1532,669 N $
Succeed.
62004 COnmNan Center Bonds Revenue Binds 6A3AM07 11I1,2. Dry of Palm ONO, Agency eOnblbutlon m Convention Merged 2I,950,000 N OMAN $ B50,OW
Named Cn in Before Center Expemim
12Imn0
1 e.baa semi«s-Flrmncial Face 9=010 &3dr2014 Haden j Company Merged l Bane DNdmure mating Merged 105,00 N 4,900 $ am
ficenrismim
B e.pact ser,e«,-Rebate Fear 614 010 &30r2014 IMwan Financial serndes Merged l Bands Rebell Canearene Merged 1 25,000 N 2,000 $ 2,00
cal«Nse, S.a«.
9 Band T. spies Fee. VIMO04 1111I2034 Bank of Newrwk Melon Merged l Be..Testes Fee. Merged 150600 N - j
Trust
10 P,poelun and Development pummeled. 1215COOS MIW13 Excuse ImeaMenb Financial Assistance(Remedution) Monied I Y $
Agreement
11 Otapoatun and Development Sayseaslncenllve 12 005 9I112022 Secure levesbneMs Financial Assistance(10 Year) Mar9edI 1120,000 N - $
Aareencent nh
12 Omar PrNdpaa-A,..—ns Someone lnceMhe 1119MOO 6tlgrz016 Np MObn Financial Assistance Named 300000 N 20O,OW $ "am
A,mements
13 Freddie H Eel" Judgmerm tAefim 1N 012 MIn011 garde 11-pral, ligament.OH.INned by Court Merged MO 252 N 4.0. $ 499e00
142004 year Allocation Refunding Bonds N.ued On or 6I162004 9IW. Bank of New Yak Megan Refinance 19M Ter reception Son, ..,ad2 12,836,153 N 207,129 5 207,120
Bonds,Serge 8 Saxons 12131II0 Tri
15 2007 Taxable Ter Acumen Bonds, Bonds Issued On or WISO 0] &12034 Bonk of Newyork Melon Property ASWitltion Merged 11,030,OM N 169,263 j 189263
Sense Sebn 1213V10 Tonal
IB Agreementfor ReimpunemeM MN«9aneow 1216Yt006 8130.1037 CA,0 Foam Son
n PEL-236 Lease Merged 3217A07 N j
17 2M Convention Center Bond, Reamue Bawds Br62W7 111160M Cny of Pelm Spin, AOen%COMiMRon d Convesome Merged2 6450,000 N 150,000 f 150,000
(scrod On or Serore center E lanabn
IX31110
18 Compaq Services-Financed Face 9RWOID 6CM014 Hanel B Company Merged 2BmM Disclosure eases Merged 1050. N 4,WO $ 4,000
AWlsols
19 Contract Service-Reptile Fees N41MID &30Y1o14 Nulder FNandal 5ersices Merged 2 Bonds Rdba,C.rsuN,9 Merged2 250W N 2,000 $ 2,000
Calculation Sws-weer
20 Bond Trustee Fees Fees 6n62004 1111M. Bankof New York Melon Merged 2 Boned Trustee Fees Merged2 lW,5Po N - $
Trust
21 2001 Hwang Tax Nauaon Bands Bonds Need Onor MM1101 &1=21 Bankof New nark M.N. Relnan«1"1 Hogur,Tax Me9edlI Merged J,nB,m N 79 ale $ 78,918
Before 12/31110 Trust Nbcaaon B.&
22 Central Genets-Nnenotl Fee 9f2=1 613OR014 Harrell a Company Huang Bonds Disclosure mating Merged11 Merged 2 13.500 N 1500 S 1500
PGYaod
23 Contract Smuiee-Repels Fee, B/4/Se10 WMQ014 Minor Finaned Services Hooting B.ds Regale e.auHMg Me-mI Merged S,WO N j
Carnegie Sen cos
Recognized 06119allon Paymeflt Schedule(ROPS)11148-ROPS Oetall
January 1,2014 through June$8,M14
(Report Mauna M Mole Daiwa)
P B C 0 E F O H I i K L M N O P
Funam,Source
Nor-Redevtlo ament Property Tax Trust Ford
Non-RPTTF RPTfF
Conmx;VA, m-nt COMradiftmement Total Oumandin0
Ilem0 P".d Name/Dart CblaEm -b,M.n Type Execution ONe Termination Date Pays. DesoaphomforojeYt Samoa Roeal Nea OeMor Ot,liation Retred Band Proceeds Reserve BMance Other F.. Namhtlinn Adman Six{donN Total
24 Bond Tmshe Fees Fee. &1820W 11/12034 Bank of New York Melon Honing Bonds Trustee Fees Me9ed11 owned 17500 N j -
T.0
25 Cwkad SwArme Aidtl Adorn Co.N 4152010 MM014 Lerwe Shc&Lon hart Ankh SeMces Me dll Marked 2 330000 N 10000 lam
26 Conbad Simmae-Le I Leal 1112RW5 MW2014 MotlmX8 .din General L ICOumd Mm d11 Me d2 100000 N 5000 S 5000
27 Carnal SeMcea-Flnandal AilMn Costs 71180MR 64HI/2014 Martel&Company RODS Camden, MerWdll Manuel 1a.... N 3,000 j 3,000
ANdsort
28 Coa raV✓eP reemm[ Minn Conk 7112013 6r3W2011 C' of Palma in Lialakey,Invorance Mar dl/Minded2 Y $
29 Cookeratio, ment Admin Colfax 7112013 WWO14 Cry of Palm Swino Bulking Rental Mat i Merged2 Y
30 Compearme.immommt MHnCock 7/1200 M=014 CRY of Palm symes Salxic and 6eneMa eACA MwgadlIMtt d2 Y S
31 Contrail Been--Cmaatim, Pmfim oral 11142009 Bei02013 Comm Commerdal Comedown Consulting Maimed) Y $
services C.-ohn
32 LeaserSoNease Ankeement Bmnem Incense 1119YM00 MMO18 NP Maloo, Pro,my Lmw. Maimed) 2,970.000 N S
A,,.—,.
33 Admnlatrative CostNnwna Adorn Cmk 7112013 6302014 CRY of Palma in WMIeatl Loat Nlocetlml8alanm Mer di/Me d2 5125000 N 125000 125000
U Low, cen.unt,Loans 516/1998 11112035 Palm Berm,H-am, Loan to Minded Project No.l Maimed) 74,316 N $
On m Before U7111 8ucceeaar
35 Areementfx Reirmamemenl MICounty Land 1WIV1991 11112035 0,of Palm SPrv,gs Projert Conk Merged) 413,500 N S
Ono,ReMe W7111 Wastewater Fund
36 Apeement for Reindommomenl CitmCounn,Loans 1011611991 11112035 City of Palm Sprmp P"..Cork Merged2 413,500 N S
On or Bekm&n7n 1 Motawner Fund
37 Aereementfe Reimhmseraml Uh/Count,Login. &2211993 11112035 ce,or Palm Spar, Projed Cock Mermaid 400,000 N $
On or Before W7111 Wastewater Ford
38 City tuen and) an. CitylCwnry Loans W1S2011 11/12035 City of Palm Sam, Operating and PdminiaPalrve Coah Merpol 1,553,913 N $
On or Before M7111 Far FY 2011-12
39 City 1-man and lnluest CitrICwnry Loans W152011 11112W5 City of Palm Spmp CperinngandPdmirmtralrae Cmh MaMed2 103,250 N $
On at Before M7111 For FY 2011-12
45 City Login and Interest City/County Loam W152011 11/12035 City of Palm$primp OPereangandoWmixamake Cmk MergedlRder,tl2 2,132,4W M S
On or Before M7111 For FY 201011
41 Ageemenl for Reim6umement CiYICmmr,Loem 12182006 11112035 City of Palm Simn, Prepay P.Mun of P8L 236 Marked 1.22&542 N S
On or Elora 6R7111 8uaminabilin Fund
42 2004 Tax Ametan Working Reserves 61162004 W12034 Bank of NmYwk Melon Refinance 1994 Tax NbmEan Bonds Merged) 566,153 N Wl" $ 566.153
Bonds$eliesA Tmat
43 2007 Tax Nl..nBonds,5mes A Reserves W16R007 9/12034 Bank of New York Melon Call Proje0a Merged1 1957N N 18676a $ 105,768
Trust
H 2O07 Lnde Tex Macaroon Bonds, Resems 9118R007 9/12034 Bank of NewYork Mellon Properly Acquisman Merged1 35188 N 35,188 $ 35,188
Senes B at
452.4 Tax NbaeBon ReNnd'ng Reserves W16R001 9/12034 Bank of NewYork Mtlbn Redwnw 1 al Tax Nlowdon Bonds Marred 284,277 N 284,277 $ 284277
Bands.$ene5 B Tra.
Recognized Obligation Paymerd Schedule(ROPS)1}1413-ROPS Detail
January 1,W14 through June M,3014
(Repar.maream Wide Galan)
A a C D E F 0 H I d N L M N O P
Fumeng Source
NaMede9tlopmeM Properly Tax Tvel Fund
N%r-RPTTF RPTTF
CaNacVNpemrent ConbacVA r.men) Tobl Oukdnding
Item# Pro,Pro,mal Name lD ObN tlon ObtfordonT E—fice"Dab Terninamon Oak Payee Ceeci Serlam .ars,ev Pro'cl Nee Card or Obfiatlm Refired Bond Proceeds Reaem Balence fiber Fred¢ NarvgJMn Admin Si.-Mont,Total
46 2007 Taxable Tax Nvation Benda. Reserves 9Mfi2007 A'1wu Bankof New Yark Mebn Pmperly Andorra. Mergedt 229.558 N 229,556 3 znksfi8
Ca iee C Tenet
dT 2001 Horsing Tax Nbcvtim Bono Reeem¢ 751mal 8/12021 Bank of Naw YOA Melon Refinance 1991 Hmaing Tax W,cdl/Mer,d2 296,351 N 295,351 3 295.351
Trvet Nlocafim Bonds
48 Progeny Tax-Cork&Bottle Property 7IIR013 61302019 Counlyof Pixenide Property Texas on Agency Had tend Merged 39700 N 25,700 $ 25,TO3
Pr ,a Men mane Pending PMP
49 Progeny Tax-Cork&Battle Reeems 1112014 IDIWO14 County of M,caade Reamen for Dec 2014 annual of Merged I,400 N 1,400 3 1,400
Pr ,a Property Tax on Item 48
50 PmpeM Tax-PSL 236 Property Program, 711QO13 N3M20]T CounW.fPomrade Prcpe r Taxes on Prop"Under Merged 2 ,OM N 9100 $ 9,1W
Membranes PSL 236 Leese
51 Progeny Tax-PSL 236 Propen, Reserves 1112014 IVIW014 Countrof Maenlde Reaem M Doc 20141mtWment of Meged2 4,4N N 4AO0 4 4,400
Pno,entrTaxaclub,50
52 Naze Tkeaae-Inau2nu %openly IIIM14 &M2014 Cdy or Palm Spdnga Immnce on Agenry Held Pro,, Marred egOM N 11b91 3 11,691
MaiManence Pandn PMP
53 Nose The pe-MmMmancs Properly 111=14 8Q02014 Cdy of Palm Spdnq Maintenance Coati on A9am,Held Merged) I8,000 N 3499 5 3,499
Maimennce Properly Pandora PMP
54 %am Theabe-C—Purg for Repaft I112014 61302014 To be Qhmiined Blmate to Remvek Agency Hdtl Mergadl 750,W0 N 3
RmovaEan Maintenance PrVent,Pending PMP
55 Place Theer.-Appraisal RapeM End poslfions 1112014 6002014 To be debrmined Pypnbel m Aden,Hard Properly Merged) 25,000 N
Penn PMP
56 Naze TheePe-Udae¢ RopeM 1/12011 61]O201d pests Weler Mesa far Agenry HNtl Properly Merged!1 5,000 N 1.000 3 1UO0
Mainhnmce Pencing PMP
57 M-afnvealmenl Leese RopeM 71301OW W31MI8 Near.lnve¢rmenb Lease of properly adjacent to Man Merged1 43.600 N 4,800 $ 4,800
Maintenance Theabe sects fir#cone
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Recognized Obligation Payment Schedule 13-14B - Notes
January 1,2014 through June 30, 2014
Item# Notes/Comments
1 March 1, 2014 Payment
2 March 1, 2014 Payment
3 March 1, 2014 Payment
4 Pending reinstatement once Finding of Completion is received; end date=end of redevelopment plans(or until paid)
5 Pending reinstatement once Finding of Completion is received; end date=end of redevelopment plans(or until paid)
6
7 Contract for services renews each year/required through 2034
8 Contract for services renews each year/required through 2034
9 Annual payments made in ROPS"A"period
10
11 Annual payments made in ROPS"A"period
12
13 Scheduled payment of$400,000 plus$99,000 remaining unpaid from ROPS 13-14A due to shortfall in RPTTF cash
14 March 1,2014 Payment
15 March 1, 2014 Payment
16 Annual payments made in ROPS "A"period
17
18 Contract for services renews each year/required through 2034
19 Contract for services renews each year/required through 2034
20 Annual payments made in ROPS"A"period
21 February 1, 2014 Payment
22 Contract for services renews each year/required through 2034
23 Contract for services renews each year/required through 2034
24 Annual payments made in ROPS"A" period
25 Contract for services renews each year
26 Contract for services renews each year
27 Contract for services renews each year
28
29
30
31
32
33
34 Pending reinstatement once Finding of Completion is received; end date =end of redevelopment plans(or until paid)
35 Pending reinstatement once Finding of Completion is received; end date=end of redevelopment plans(or until paid)
36 Pending reinstatement once Finding of Completion is received; end date=end of redevelopment plans(or until paid)
Recognized Obligation Payment Schedule 13-14B - Notes
January 1,2014 through June 30,2014
Item# ! Notes/Comments
37 Pending reinstatement once Finding of Completion is received; end date= end of redevelopment plans (or until paid)
38 Pending reinstatement once Finding of Completion is received; end date= end of redevelopment plans(or until paid)
39 Pending reinstatement once Finding of Completion is received; end date= end of redevelopment plans(or until paid)
40 Pending reinstatement once Finding of Completion is received; end date= end of redevelopment plans(or until paid)
41 Pending reinstatement once Finding of Completion is received; end date= end of redevelopment plans(or until paid)
42 Reserve for September 1,2014 Debt service. To be remitted to the Trustee immediately to comply with Indenture but allow Successor Agency not to default on
subordinate obligations. Balance of September 1,2014 Debt Service will be included in ROPS 14-15A; Will be shown as paid from 'reserve"on ROPS 14-15A
43 Reserve for September 1, 2014 Debt service. To be remitted to the Trustee immediately to comply with Indenture but allow Successor Agency not to default on
subordinate obligations. Balance of September 1,2014 Debt Service will be included in ROPS 14-15A; Will be shown as paid from 'reserve"on ROPS 14-15A
44 Reserve for September 1, 2014 Debt service. To be remitted to the Trustee immediately to comply with Indenture but allow Successor Agency not to default on
subordinate obligations. Balance of September 1, 2014 Debt Service will be included in ROPS 14-15A;Will be shown as paid from 'reserve"on ROPS 14-15A
45 Reserve for September 1, 2014 Debt service. To be remitted to the Trustee immediately to comply with Indenture but allow Successor Agency not to default on
subordinate obligations. Balance of September 1, 2014 Debt Service will be included in ROPS 14-15A;Will be shown as paid from 'reserve"on ROPS 14-15A
46 Reserve for September 1, 2014 Debt service. To be remitted to the Trustee immediately to comply with Indenture but allow Successor Agency not to default on
subordinate obligations. Balance of September 1, 2014 Debt Service will be included in ROPS 14-15A;Will be shown as paid from 'reserve"on ROPS 14-15A
47 Reserve for August 1, 2014 Debt service. To be remitted to the Trustee immediately to comply with Indenture but allow Successor Agency not to default on
subordinate obligations. Balance of August 1,2014 Debt Service will be included in ROPS 14-15A; Will be shown as paid from 'reserve"on ROPS 14-15A
48 Delinquent accrued property tax due on property transferred back to Successor Agency per DDR plus current year property tax
49 Dec 2014 installment to avoid 10%delinquent penalty if not paid by Dec 10,2014
50 Current year property tax on PSL-236 properties (ROPS item 16)
51 Dec 2014 installment to avoid 10%delinquent penalty if not paid by Dec 10,2014
52 Property insurance costs paid by the City for property transferred back to the Successor Agency per DDR
53 Facilities maintenance costs paid by the City for property transferred back to the Successor Agency per DDR
54 Pending Finding of Completion and PMP
55 Pending Finding of Completion and PMP
56 Utilities for property transferred back to the Successor Agency per DDR
57 Existing lease of adjacent property required by Plaza Theatre (property transferred back to the Successor Agency per DDR)for access