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Home My WebLink About2/25/2014 - STAFF REPORTS - 3.A. OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY BOARD REPORT MEETING DATE: February 25, 2014 NEW BUSINESS TITLE: APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 14-15A) FOR THE PERIOD OF JULY 1, 2014 THROUGH DECEMBER 31, 2014. INITIATED: Department of Community & Economic Development RECOMMENDATION: 1. Adopt Resolution No. 21, "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 July 1, 2014 THROUGH December 31, 2014 (ROPS 14-15A). 2. Direct the Clerk of the Successor Agency to cause the transmission of ROPS 14-15A to the Riverside County Auditor-Controller, the State Controller's Office, and the State Department of Finance, and to post the ROPS to the City's website. 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. 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 July 1, 2014 to December 31, 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 March 1, 2014. 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 14-15A. 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. 21 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 JULY 1, 2014 THROUGH DECEMBER 31, 2014 (ROPS 14-15A). 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, 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 July 1, 2014 through December 31, 2014, (ROPS 14-15A) is hereby approved. Resolution No. 21 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 14-15A 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. THOMAS FLAVIN, CHAIRMAN CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, James Thompson, Secretary of the Oversight Board of the Successor Agency of the Palm Springs Community Redevelopment Agency hereby certify that Resolution No. 21 was adopted by the Oversight Board at a Special Meeting held on the 25t" day of February, 2014, and that the same was adopted by the following vote: AYES: NOES: ABSENT: ABSTAIN: JAMES THOMPSON, CLERK/SECRETARY Recognized Obligation Payment Schedule (ROPS 14-15A) - Summary Filed for the July 1,2014 through December 31, 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): $ 1,656,898 B Bond Proceeds Funding(ROPS Detail) 55,881 C Reserve Balance Funding(ROPS Detail) 1,601,017 D Other Funding(ROPS Detail) - E Enforceable Obligations Funded with RPTTF Funding(F+G): $ 3,847,796 F Non-Administrative Costs(ROPS Detail) 3,722,796 G Administrative Costs(ROPS Detail) 125,000 H Current Period Enforceable Obligations(A+E): $ 5,504,694 Successor Agency Self-Reported Prior Period Adjustment to Current Period RPTTF Requested Funding I Enforceable Obligations funded with RPTTF(E): 3,847,796 J Less Prior Period Adjustment(Report of Prior Period Adjustments Column S) (245,577) K Adjusted Current Period RPTTF Requested Funding(1-J) $ 3,602,219 County Auditor Controller Reported Prior Period Adjustment to Current Period RPTTF Requested Funding L Enforceable Obligations funded with RPTTF(E): 3,847,796 M Less Prior Period Adjustment(Report of Prior Period Adjustments Column AA) - N Adjusted Current Period RPTTF Requested Funding(L-M) 3,847,796 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. !s/ Signature Date Recognized Obligation Payment Schedule(ROPS)1415A-ROPS Detall July 1,M14 through December 31,M14 (Rabat Amorme rn VNrole Dolem) A B c O E F O H 1 J I( L Y N O P Funding Smore Non-Reneveopmmt Propem,Tax Trust Fund Non-RPTTF RPTTF CiammVigeemml Cond NAgmement Told Owelmdin9 Mar% Pro dName l Deb!O -ation OwNginionT a ETmm nMe TttMnatlan Oak para. Oesai tion/Ro em 3m , Rr'eH a Dell or Cbli almn Real Bond Pro..". Reserve Balm- Me,Fonda Nor-AdmF Admin Six-M-M Tolod 5 129,766A23 $ 55881 $ 101017 $ - $ 3R2796 $ 125000 $ 5501681 12.Tax Amino.Roordn9 General--md On or fi1162001 9/12034 Bank of NewYwk Mellon Refinance 1994 Tam AMocedon Bonds Merged 14625,2U N 29.6W real 178,]{2 S ]]3,589 22007 Tar Almatim Bolls,Sxiec A Bantle lamed On or 911WO07 .129N Bankof NewYOIXMem. Capllal Rdeck Merged 22.10 713 N 185,768 123.845 $ 309,613 game 1MIM0 Tar¢ 3207 Twable Tax ABrcadon Bantle. Bond,awed CTa 911 W007 911203s Bank of New York Mellon Pmpeny Aryuisiban Merged 3.502.668 N MIlia 23,459 $ 581517 SemaB Beta.l2131110 Time 4 SEW Loans SERPFMW 21202010 61302037 Palm Spmga Harming Loans br FY 200&10 and An(VI I Merged 4055,879 N i Suaeasor SEW P mmh 5 Homing Deferred pa Reyment MisctlHneous In11996 61302037 Palm 9pnya Harming Pre-1986 Set Mile Oefmal Merged 1,532,E69 N i Sucre sor 62CW Convention Cemkr Bonds Rwenue Bonds 616Y100] 1111203a Ody of Paten Sprn9a Aped Contnimmn to Convention Merged 27,Ma,M N 650 am $ 650.000 lawmid On a Sabre Center Expa lion 12nvlo ]Canna seines.-I..real Fee. 9r=.10 6n02019 Harrell&C owing Merged l Bands Dhd-.,.Rome Merged l 101.000 N I'M $ bags cued 8 Carried Services-Nettle Fen 6//12010 61302015 LWIdan Fairmont Ser ioas Meged 1 Bonds Rebate CmwNng MargedI 23,WO N i Calculation Services 9 Said Trustee Fees Fors V1,0.0a 111120N Bank of New Yak Melon Merged l Bonds T.Mae Fe. Merged 150,500 N 7000 $ 7.000 Trust I oiad-fion and oevelmnond &iminess lnemlHe 12/52005 91IM22 Endure lmeinme. Finandtl AashYnce(10 Year) Mergedl 1120,000 N 1aa W0 a 140.000 ar ftirmaraw. 12 Owner ParlidpaiUm lgreenenl Business lncerawe 1119/2003 fiOwmis NP Motom Finanoal ASsisimn, Mergedl 600000 N If Agreamendo t3 Ndfic HmlAdli J,comendt fN ing- 12N1012 ]1312011 PaNS I-mismanalw bd me tas Dederindrawl by Own Mar ed1 350000 N 350000 f 350000 14 AM Tax Mmalmn Redmdng Bonds fawed On or 811620M 91laom Bank M New Yak Melon Relname 19%Tax NkcaSm finds Merged 12,629.024 N 17,116 2842]] 105,735 S a07,128 Son.,SenmB Before 12OIMG Trusl 15 M07 T...be Tax Allocation Bonds, Bond,6wed On or 91182007 911203s Bank M New York Melon Plmeny Amiisibon Merged 10.M8.]]I N 228,558 101.705 $ 333263 Bad"C Before IM1110 Tma1 16 romalm Rambmsemml Micelenaous 12 ON 6130R037 Gly.fPearnSprings PSL-SIG Lease Merged 3,217,40] N In w $ 122 a92 17 AN ComenEm Center Bonds Revenue BonM &6200] 11/IIAM Cily of Palm Sorm, Agim,Co kibuEon b Cmvemmin Mer9etl2 6."O'N0 N 154,000 $ 150,000 Iswed On or Before Cmkr Fxpanaon 12/31/10 IS Conrad Ser iws-Financial Fees 9/222010 61302019 Homella Camparry Merv,12Bmda DkxdM.x Riarng Merged 101WO N IOW $ 1000 MMon 19 ContactU ei,x-Rebate Feea 6/1Y1010 w3mois Mdban Peened Seromi, Merged 2 Bards Rebate Conwmdf Merged 23,000 N i calmhmm services 20 Bond Tmstee Faes Fees 61162004 11/12W2 Bank of New York Melon Merged 2 Benda Trvatee Fees Mergedl 100,500 N 1.500 f a,500 Tryst 21 W01 Housing Tar PlowOm Bonds Bond,Issued!On Or 7/310001 811221 Bank of New York Melmn Refinance 1991 Homing Tax Mergedll Mer9etl2 3,649,803 N 10071 295351 83.498 S 386,918 Before 1 W31110 Trust AloudnBonds 22 Conrrd Sex.-FinandN Feea 91=010 61302019 Hanel B Company Hmung Bond,Dhdrmure Arcing Mergedll Mer9etl2 12,000 N SW f 500 rodi 221C-Siict Send.-Rebate Fees 642010 61=Big Valli Flnantlal Somme Hommo Bonds Rebate Cmaildng Mergedl l Merged 2 5.W0 N $ - Celmlatim sera«a 2/Bond Trustee Fees Faea wiI 004 1111R030 Bank of New York Mail- How—,Bond.Trustee Few Mergedll Mergedl 17,500 N 2SW $ 2.500 Trust 25 Conn.Swale--loll MMn Oosfs GN2010 6/302015 L.nce.1A Wn wd (omt Services Mariann I Merged 330000 N 5 Recognized Obligation Payment Schedule(ROPS)14-16A-ROPS Oetall J0ly 1,M14 through Oecember 31,2014 (RepM AmouMa In MO,Dal.) A B C O E F O H I J K L M N O P Fundn Scarce NOnRedevebpmem Properly Tax Trod Fund Non-RPTTF RPTTF CamamA9reement Con"WAPeemml Tool Oulmanang lame ObligationT Fseaulpn Ogle Termmy"m Wle Payee Payme S Putted Mee Debt or Obligation Rotund BonORoceeda Reserve Balance Obier Funds Non-Mron Atlmin Sx-MorM Taal 26 LPal L&I 11]RO% 61302015 NbodvM sp.d. General Le al Courad Mer edl I Merged 2 100,000 N j 27Cwbad Servlcr5-Fm..pl Admin 0. 7/IWOO8 6/302019 Handl d Company ROPSConauling MergetlllWrged2 100,000 N S Mars.. 32 LeaWSubkase Agreement Buanees lncmme f/192000 6I300010 VIP Mmory Properly Lease Marked 2W0.000 N S Amearnam. 33 Atlnamprodve Coat M.nce Admin Coati 171112014 amWQ015 Cry of Prim Sprint, Overhead Cask Allocaticnrraleriea Meredll Meretl2 5000000 N 1250Mo 125000 34Laan alyMarny Loan. adWI99m 1111QO35 Palm Spdrpx Housin8 Loanro Mw9etl Project No.1 Mergedl 74,316 N i On or Belle BRlltt Only Brueckner JS Agreement for RNlMwrsement Loena 10/IBI1991 11112m5 Oyof Pa.Story,g propR Cwb Merged 413,500 N § On or Berme 627111 maternal., at a Fund 8 Agreement for Rsmbursemen[ ClyCunt,Lwnx 101L1981 11b20]5 OW of Pdru FunF95 PmpR Co.. Merged d1],500 N i On w Before 82]111 Cityfreshwater Fund 37Agreemenl for RdlMuraemen[ Cn.fluny Lwnx 612311993 11/12035 Vorsh Palm Fund PmfzGCw. Meryetl2 400,000 N f On w ounty 821111 f.1 P.1er Fund 38 City Loom and Mkreak Crr nerBnty Loons N152011 11/12035 Gry of Pelm Sprinpc F-FY209nd Adminis0alpa Coati Merged 1,553,913 N $ OowBnty 82]III Far abng and 19 Ciry Loan and learnt Ok.r unry Laana 6/152011 11IIr2035 Ciry olPdm Spinga For FY 2gantl Atlminishalve Cola Mergedl 103,150 N $ Onar Before For FYng and 40 Ciry Laan and Inlaresl Clly/Counry Loans W152011 1111 12035 Gy olPdm Gpinpa Forming Adminl¢halWe Cook MergedllMer0ed3 2,132492 N $ Onw Before For FY Parrot0-1 t N Agremmn(lor Reinbumemenl 0.or Loam 13rb20% 11/12035 CirymPdm SFunga Prepay Partlon of P6L 236 Merged 1228,54 N $ Onar Bekre 627111 Bank nNe Fund 42 Bond Tax r e.A m ReNntlinB Preserve W162006 9/120]d Bank IN New York Melon Refinance 1994 Ten Moutlon Bondc Merged 1 - N $ B007T Seder A Tmar 4]3007 iev OYrcedcn Bootle,6erba A Reserves 9/16(D]0I 9/12034 Benk of New York Melon Ca[aal Ro)ecM Merged 1 N j mel 44 2007 aam..B Taxable Tax Plbafcn Bonds, Reserves 9/182007 911203f Bank of New Yark Melon PmpeRy Ac9uix'Non Merged N j SmeaB Trual 15 diax Mocatlm ReNndlnO Remrvea 8/182004 9/12034 Bank of New York Melon 1994 Tex M en ocatian Benda Merged N Ban $ Benda Taxable B Bank 1620WTaxade Tax Plloca4on Bonds, Rexervea 9/I flR00] W12031 Bank of New York Mellon Properly AcquieRm Merged N j Series C Truer 4]2001 Hmaing Tax PSowtion Bonds Reserves 71312001 efl2021 Bank ol New York Mellen Refimnce 1991 Homing Tax Mergedl/Merged 2 N $ Trull Property 6an6 411 Property Tax-COMBBottle Property 7I12013 815p2p19 CowryarRiveNtle Properly Tmes on Agenry Heb Lend Merged 14,000 N 1326 S 1,526 Property Meinlemnca Penan PMP-Cec ailed.eel 49 RcgeM Tax-CaM m 120 BBON¢ Reses ]I11{ 81502015 CouMyarPlversltle Reserve Tr Apil lnaldFnemof Mergetll 1,336 N 1,226 5 1,326 Property Ro Tax 48 SO RapeM Tax-PSL 2J6 PropMy Property ]l1/1013 BI30(10P County or Wvenlde Properly True Pre m RepeMklnder Merged 259,900 N 4395 S I,J% Mimenance PSL z38 Leue-oec Irrsblmem 51 Property iex-PSL 2J6 PropMy Re¢erns ]I1p01{ 61502015 County or RWenlde Reserve fur Apdelmanl o/ Merged 4d96 N 4.3% $ 4,l% Roe Tax learn m S0 52 Rare Thee"-Inwranre Property ]/1201{ 81302015 Cry of Palm Spm A95 insurance on gznry Held Property Mergetll 40,000 N e,WO 5 Been MropeMpary rw Pmd PMP 53%aze Tbeabe-Maintenance Rr 7I12014 6/302015 Ciry of Palm Spmga Maintenancerk, Apenry Held Merged 10505 N 3,500 $ J,SW Maintenance pro Pup R%aza Theebe-ConaulSnO for PropertyProperty ]I12 6M2 ln 014 015 To be delernN Eatlnwa to Re Pub Rmovale Agenry Held Mergetll ]50.00. N 100,000 5 100,W0 Renovabon Main mmum pro'em,PeMi PMp Reeognlzetl OCligatbn Payment Schedule(ROPS)14-15A-ROPS Ddall July 1,2014 through December 31,2014 (Randall Rmounis'n Mole Potlara) A B C 0 E F 0 H I J R L M N 0 P Fund Soume Nor.RMevalopmeM Property Tax Tluat Frond Nor,RPTTF RMTF ConradUAgeament LontraNAprwment TafelWhlendrg Hem• Ro'ect Name f Dent OhB tim Obf b-T FseMkn Date Termination Wte Pa a Oesan 'onNro ed 3c P".d Arab Oeblor Obli tidan Rebred Bond Roemer, Reserve Bolan Otller Funda NOrvAdmin Acirb ..-Mon.Total 55 Raza TheaM-Pyprasal Ffop"L slgerabms Tll nOl q Mwal5 To be dtlmmaned aygakal an Agency Held PropeM Merped1 25,000 y $ Pending PMP M Raza Theatre-uMNec PlopeM 7I1RO14 690f3015 ()sand Wafer .Mires far Agana Held Rop" Merged 4,000 N I0. S I'M Mainlenenca Pending PMP 57 Raza lnvedment Leme Ropam VW2003 5(a12018 Reza l--trar np LeaemfprapeM.4--t to Rau Merged 3B,800 N 4800 5 q,BM Mainle-rode TI¢abe used for access 58C-ble-Loan RPTTF Mblack ing COyl *Loam 112MO13 IV31QD14 City of Palm SpM' C®boon loan fa puryae 0(pyng Merged lRAerged] 1503000 N 1503000 S 1,503,OM AMr 627111 DDR announk to ogsat RPTTF MhoWhg ROFS 1}1413 58 C.S—Loan re Raza T,erld CXy1CouMy Loam 112M013 1XIM014 Cary Of Palm Spain, Casm.loan for purpcae of Merged 31,400 N 24,400 S N,WO After W7111 akin %aza The.,11em 55 60 Cmb1ow Loan bar MP LoWletkn LIIyMuroy Loam 7112013 1=1M14 Lary Of Palm Spnnpa Cmb advance to pay PMP L...an, Merged lRAerped 3 35000 N 35.000 S 25,000 AMr a2)111 Recognized Obligation Payment Schedule(ROPS)14-15A-Report of Cash Balances (Report Amounts in Whole Dollars) Pursuant to Health and Safety Code section 34177(5,Redevelopment Property Tax Trust Fund(RPTI-F)may be listed as a source of payment on the POPS,but only to the extent no other funding source is available or when payment from property tax revenues is required by an enforceable obligation. A B C D E F G H I Fund Sources Bond Proceeds Reserve Balance Other RPTTF Poor ROPS RPTTF Bonds Issued Bonds Issued Prior ROPS period distributed as Rent, on or before on or alter balances end DDR reserve for next Grants, Non-Admin and Cash Balance Informs ibm by ROPS Period 12/31110 01/01/11 balances retained bond Payment Interest,Etc. Moro Comments ROPS 13-14A Actuals 0 7/01/1 3-12131113 1 Beginning Available Cash Balance(Actual 07/01113) Column C-Clawback of 2D07 Bond Proceeds Note that for the RPTTF,1 12 should tie to columns J and O in the Report Recorded as AJE in FY 12113 instead of during of Prior Period Adjustments(PPAs) ROPS 13-14A;Column G-Includes other income posted to FY 12113 after ROPS 13-148 prepared (rent on properbes transferred back to SA); 3,289,099 6,657494 1.396.305 151,572 99.692 Column H=ROPS II PPA 2 RevenuegncomelActuall2/31113) Column C-Difference in book value versus Note that the RPTTF amounts should he to Me ROPS 1314A distribution maturity value upon maturity of reserve fund from the County Auditor-Cunlrotier during June 2013 investments purchased at a premium used to o8se1 interest income;Column E-City CashBow Loan to offset RPTTF withholding of LMIHF OCR 80,345 1,500,000 I I 43,391 3,945,947 Amount 3 Expenditures for ROPS 13.14A Enforceable Obligations(Actual 12131113) Column E-Payment of$1,500,0D0 LMIHF OCR Note that for the RPTTF,3+4 should tie to columns L and G in the Report amount in lieu of ROPS 13-143 Withholding and of PPAs 8.157.494 1.396,305 151,000 3,800,062 $6,WAS4 OFA DDR amount 4 Retention of Available Cash Balance(Actual 12131113) Note that the RPTTF amount should only include the retention of reserves Column G-$7,340 A/P at 1 W1 approved in for debt service approved in ROPS 13.14A 3.208.754 7,340 ROPS 13-14A 5 ROPS 13-14A RPTTF Prior Period Adjustment Note that the RPTTF amount should tie to column S in the Report of No entry required PPAs. 245,577 6 Ending Actual Available Cash Balance C to G=(1+2.3-4),H=(1+2-3-4-5) $ S - $ - $ - $ 36623 S ROPS13-14BEstimate 01101114-U6/30114 7 Beginning Available Cash Balance(Actual 01101/14) (C,D,E,G=4+6,F=H4+F4+F6,and H=5+6) $ 3,208754 $ $ - $ - $ 43,963 $ 245577 8 RevenuMncome(Estimate 06130114) Note that the RPTTF amounts should be to Me ROPS 13-14B distribution from the County Auditor-Controller during January 2014 15,000 4,402,543 9 Expenditures for 13-14B Enforceable Obligations(Estimate 06/30/14) Column G-$7,340 AIP at lW1;Column H- Includes $1,601,017 Reserve for ROPS 14150k debt service and property taxes per Col L on 7.340 4,402,543 ROPS detall 10 Retention of Available Cash Balance(Estimate 06130/14) Column G Reimburse General Fund Advances Note Mat the RPTTF amounts may include the retention of reserves for to pay for LRPMP and Disposition Costs not debt service approved in ROPS 13-14B included in ROPS 13-14A cr B;Column H- Retain$245,577 PPA from ROPS 13-14A for 14 3,208,754 50,000 245,577 15A EO 11 Ending Estimated Available Cash Balance(7+a-9-10) $ . $ - i - S - S 1 823 Recognized OblgNien Peymenl Schedule(ROPS)14-11A-Repoll of P.,Peeod AM.,do nwts Reported!for the BOPS 1}1M(July 1,2013 MloupM1 Cacennlnu 31,2013)Perim Pulamnt IO HeaMM1 aM Safety CMa(HSC)section 34IN(a) (Report...In NNole OcI.nl ROPS IY1M Suaceswr Age.,(SA)SeXieporhA PH.,Perbd A ll.eteran4(PPA):Pursuent to HSC Sedian 311W he,SAs are ne ui ed to repml Me differences teMaen their actual avaitbb NndW aM tblr actual reoundMrres For the RW S 1}14A(July thmWh Decenl»r 2013)Wed.T1e amour, o(Redeveblanem PrapeM Tar Trust Fund(RPTTF)appmved for the ROPS W15A(July Mrouph Oeconler 2014)Poriod Loll be offset by Me SA's sepreppned RODS I3l iA prior pound ropeemenl.HSC SaNOn Went(a)fled speciles Matted poor paned adjustments selfregoroul by SAs are sugecl to audX N Me count,aWitorsantroller(CAC end the Slate Ccnlmller. A It t p E F It I J N L M N S T N—APTTFEapendilu res RielltIr EI,peruchoune. o XN SA NaeAEmle nl AYdn PPA ,.I WMm d ..ed. Bond Pmeeetla m9elerce NmAEMn R.pueNed RPIRI AeYYak AWkdk plkrtrwe RMF Mmlda nd IROPS 1YIM IMIM1nnu Ironl611. <mWp nee*Nhund.Alotlwr mN I....Man L, uM.Ylnyer Net...,of aNNwhM.the PuNd N+rwf —lark as al ANh..I If.dlnereeee 1. � A I eroml lc on, 0.M ONJoer. A.. h.MI A.4 AuMpdiM A o,W no A.m. AVJYN ACatl { HM ISMM.a10m u fA Cmeunla f 3 2tl 3 . f IAWJ, s 151 WJ $ J.9A,S'B E 392o.Mro f .... A, .A I.. s fr 3 IE,Wa f W] S 18[W 1 1Za,WJ i f 31551i 1 Xv'OTm Nbal6n IM WI 1W1,fi07 2'HI 259ite] f .10] ]6k i. f PeluMy fbMe s —=. Sm.,P m eaemmre m ROPS t111eH A r.cMwlun 1y yP 1sa007 15Atde ISe,. s istace 156,K6 s - Re¢enes iNueMm Me rep—rd W in ROPS III,R—ahem aM lire Aem bpmiry in ao i11a3 3 NAi r.mhk ru. za, za3za - H3z3 ze,azJ s a.m Z3,3H s s w..m.IwJw.am ps r.pmattl Plmlwn BCMa, In Ae ROP51m P 3ep,mnnn�ryIn Srwa B mmpurule lire n ROP513ta8 a SERAF Lwm - s s s wlnxl ., - �.ddd BSB,aW $ 830,WO dsO,ddd $ z cre, m ut sego... - $ s s mmM B GMreC Bervrvxa- - f f f Re4&a GkWEon numeeF - 10.O T,[W $ ]. <,za $ Z. s z]W v.Nar eNnY hR N 10 MryNm eN - - f G10Ac: dmelupe 31 u NP 12l. PS 1 R .-d!. CeA Bele-e fleo L- b13ie f .-lopr-m @epaNpn one - 1N, 1ap[W 1aoW s 195.�1 1AS.(W f io one 1 p..<bpmem dre< 1z o»,.. Intiwlmn - f s $ 11 1.R ,oe1Y - 20.^O,CT 3,N3.IXO { }0.p,0.V 19W.W] { too. f IW.KO Wm A-redeM1m - zI9A]9 }6E - 1U,139 IB],us s 15]r 133aE s - Reeema- WMmOBlepunbd ubN IAebe rA in ROPS III,flexma alraxn •e evepaleM One A<m Xepmniy In ROPS 1110B R...1.1oed OLGBatnn Payment Sebedule JROPS)1&IM-Raped of Prior Paned AyuslmeMs marled for the ROPE 13-10A(Jub'1,2013 Mmugh December 31,2013)Period Pursuant to HeeM and Seb1y Code)H5 )Imn ion 341 BS(a) IMemml Nnawln.a G4n) ROPE 1114A Successor Agency(SA)Setlaepwbd Prbr Peeled Adjucpnente(PPA):Punuantto HSC Section 341W(a),EAs are regWletl to rePoR Ma diRerancec between Ih n actual amdabe Running aM Meir actual evpendiWres br Me ROPE 111aA(July Mrolgh Derembq M13)Penal.The armu n of RMevaloPruM Properly Tax Trust Fund(RPTTF)appnwed br Me ROPE 14-15A(July Mraugh Dx namn,201!)pe1od.11 Ee oMet Who SA'S cant reposed ROPE I11M prior penad adjummulaC HSC Sedon MISS(a)abo specIfies Mat Me prior penod adlusxnelHs seH-repadei by SAs are submut to a1dn M/Me Cou audibrtoMrolln CAC and the tn. COMrela, A B C 0 X I J N O O 9 T NonRPTTF Espenditufas RPTTF ExpendNurn xY 9A a.AMMn and...PPA A.Ue.ho Omar AO.1L10A Bond P.. other FUMa eqp npTTp) AvasWN AVWMe GlM1rma n'. da. IRovsrtilu ammlw 1RMm Illee cope..4 PIG.tl Hnrml dain.I stria' MLeeera nRl.We,In=t. e.WtlMr xq Laaegof ....me mealhnneal. a-meaenr AuunAiMl IGal alMmuN NY bXagnae Yeah Deal OYIWI3al Ad. AIMnxM Agetl Aanel. euml Me 3i nl AAnYealel AodY uml n A.H.be Acton en, tx-a 1M Cmaleene. SAY 3 . .a f 1...6 s tined S A ill. S A 3,.,,. { ® f ].93p.aa9 3 3.ei5,0Y( S ]a55(! S Aq I... 5 ',,lead { tryRY f IYa.Wn f � f 3W,m ] M)lam.1. '197.767 19]] 1?0.'� ]1]p,]P. f 130,.ta Iatlea S i - R—Mudedin DSr Imd Bel neaC m I In ROP5111',Reurve.drown etellmllit. Mm 6eplmlgn IB Re -bum.b iR,� 1II892 f tY1.m2 1t289 S S co m m. 1 IDN Wnwmru un t5o,uq 150.0:0 S 1'A,wJ ISn,cm i f GMer Ea 18 —.1 Barium- - i - 3 i u X Rond Twee Fen 4500 4. f e,ach 2120 $ 2Adn $ 2,3lt Z. ' . a3l.a, OP6 ae Rc 31hu,Jms hbrlan,* 1dld1l 41m v,,IV0 Wian9 lee 36dA]5 361,363 I11. 1168E 111. 115,)a] f a lielb Pry In1da0 1 Mmdm 4iM. f m.pnilYIII pS�M R nN4. nem ee9lmmrym a F demise s i S YJ Coroan Semaa- S i Rebate uaa,m f 3a BaMlund-Feee 2. 35C0 A f ad Fv Gonad En-- eadd 60S f JW M Se Sw] 1o3u f 5 LeIdl ]> Corhad an— land S f F-1 3 - &lMNw 21ae,Rol—Rarr31 I ina.Jan Cab Babrce RePon 11rc }a Cmpxe. eb PaYIn111a6 3 f i I 2e cooP�e�.e s 31 Y codlinm GY' { s s Racognusd OEligalion Payment Schedub IROPSI WM-Repoll of Prior Pao"Aqusimento Rapmhd for the ROPS 1NlA(July 1,2013 throWh December 31,2013)Pen"Pursuant te H—fth and SeNly Cede(HSC)¢action U156(a) (Rpert Mwum¢In Nlble COYn1 ROPE IM4A Succeu0r ASenry(SA)Sell a olted Prior Penod Adju3hnaMs(PPA):Pu,..ot lO HSC Sea..34186(a),SA...required to Ieporl lha difbrenma helaoaen thaw aqua)avai aW turning and that actual expendhlres W the RCPS 1}14A(Jul,through CeceMvl 2013)paned.The arrow o1 RedevelopneM PrgaM Tax Trust Fund(RPT appmvsd for the RODS 1 Cl5 (Jul,grwgh Oeumber 2014)penal.11 M offset by Me SA seX+epwled ROPS 1}l 4A poor paned adjustment.MSC Sacdon U185(a)aka spacilas thal V.a prior penal adrystlrenh sell-reported N SAs are subleq to eWil Iha wun autlitaYvnholer CAC and Na SpleCmlroller. C O E F O X. L M N O p Non-Rlrl FExpandiluns RPTIF Ec.nditurs XY 9Ade nA51Nn end Andean rd (aaxxl u..am ghat NOM f41u BmaProceMe Resem Btlama OMn Funaa NanAamin horn, gpuxYa 0.PTIF1 A.h. AVY4eN 0111nana RMF do hahaae, CROPS IM1 hahaanu 1Rops1 axueaa My PrOlavtNnxl alani.r yl otter NH Lxanw gl X lr lw Xrar L, ra.e�yaar.r Ma laaaar el aulhcrhn. lae anYeYbriot ANao.I Ina dene—k A AUIhw.1 IGydiff rant Xtl OlRaranu am• RaI OWaYFm A.aarhea Av1uY aulnorlM ,Al,, l A.. A..ra. 0]I111]I pwllaNe Pcluy xrul 111l)m A.P. AquY I-M IN�IN 9ACmxnnla $ - f 3 ig396M 3 I,]9 . 3 IXY f GT 3 39<T.633 3 3.SN.6A 3 SSN,639 f 3.6]v,@R f 3A5,5!/ 3 aYaIE,UU f . 3 $ f sJ MnniwMvz crd S 1x: 1n. s In. Incm s I.. i Ix. mow f f ]pe¢neM for f RemWaur e a l f .onk—,., - f 3 a] apeemanllu� - f R.'mnXmXn.m Se cnr Learw - - - $ s s KmL e cry Lmnw - - s s $ s s s s s s Recognized Obligation Payment Schedule 14-15A - Notes July 1, 2014 through December 31,2014 Item# Notes/Comments 1 2 --3 4 Received FOC on January 2, 2014; Repayment schedule to be submitted to Oversight Board for approval during 13-14B 5 Received FOC on January 2,2014; Repayment schedule to be submitted to Oversight Board for approval during 13-14B 6 (Amount in Bond Proceeds Columreprese n nts surplus on deposit with Trustee to be applied to September 1 2014 payment,will be accounted for in Column C on the 7 PPA for 14-15A 8 ' - 9 - 10 -- 12 -- -- 13 Final Payment on July 31, 2014 14 15 - - 16 17 18 ' Amount in Bond Proceeds Column represents surplus on deposit with Trustee to be applied to September 1 2014 payment,will be accounted for in Column C on the 19 PPA for 14-15A 20 . - 21 -- - - - - 22 - 23 _.. 24 25 Amount in Bond Proceeds Column represents surplus on deposit with Trustee to be applied to August 1 2014 payment,will be accounted for in Column C on the 26 PPA for 14-15A 27 28 I — 30 31 32 33 Recognized Obligation Payment Schedule 14-15A - Notes July 1, 2014 through December 31,2014 Item# Notes/Comments 34 Received 2 FOC on January 2014; To be submitted to Oversight Board for approval during 13-14B 35 Received FOC on January 2, 2014; To be submitted to Oversight Board for approval during 13-14B 36 Received FOC on January 2, 2014, To be submitted to Oversight Board for approval during 13-14B 37 Received FOC on January 2, 2014, To be submitted to Oversight Board for approval during 13-14B 38 Received FOC on January 2, 2014, To be submitted to Oversight Board for approval during 13-146 39 tlkeceived FOC on January 2, 2014; To be submitted to Oversight Board for approval during 13-149 - 40 Received FOC on January 2, 2014, To be submitted to Oversight Board for approval during 13-14B - - - - -- -- 41 Received FOC on January 2, 2014, To be submitted to Oversight Board for approval during 13-146 42 This line item will be used in ROPS B periods for debt service reserve request above ROPS B actual debt service 43 This line item will be used in ROPS B periods for debt service reserve request above ROPS B actual debt service 44 This line item will be used in ROPS B periods for debt service reserve request above ROPS B actual debt service 45 This line item will be used in ROPS B periods for debt service reserve request above ROPS B actual debt service 46 ,This line item will be used in ROPS B periods for debt service reserve request above ROPS B actual debt service 47 IThis line item will be used in ROPS B periods for debt service reserve request above ROPS B actual debt service 48 ,Agency requested December installment of property tax in ROPS 13-14B 49 This line item be used in ROPS A periods for April installment to be paid with December installment 50 Agency requested December installment of property tax in ROPS 13-14B 51 [This line item be used in BOPS A periods for April installment to be paid with December installment -52 — 5s - - - 54 55 56 57 -- 58 ,Approved by Oversight Board December 16, 2013;Applied to DDR in lieu of RPTTF withholding in ROPS 13-14B 59 Approved by Oversight Board December 16, 2013 60 City advanced funds between 7/1 and 12/31/13 to complete PUP since funding wasn't included in ROPS 13-14A