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Home My WebLink About3/3/2015 - RESOLUTIONS - 033 RESOLUTION NO. 033 A RESOLUTION OF THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY, APPROVING THE RECOGNIZED OBLIGATIONS PAYMENT SCHEDULE (ROPS 15-16A) FOR THE PERIOD OF JULY 1, 2015 THROUGH DECEMBER 31, 2015, PURSUANT TO SECTION 34169(g)(1) OF CALIFORNIA HEALTH AND SAFETY CODE. 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 that the Oversight Board for the Successor Agency to the Palm Springs Community Redevelopment Agency does resolve as follows: SECTION 1. The Recitals set forth above are true and correct and incorporated herein by reference. SECTION 2. The Recognized Obligation Payment Schedule (ROPS 15-16A) for the period of July 1, 2015 through December 31, 2015, attached to this Resolution as Exhibit A, is hereby approved. Resolution No. 033 Page 2 SECTION 3. The Clerk/Secretary or designee is authorized to take all actions necessary to implement this Resolution, including without limitation, the posting of this Resolution and the Recognized Obligation Payment Schedule on the Successor Agency's website, provide notice of adoption of this Resolution and such Schedule to the County Auditor-Controller, the State Controller and the State Department of Finance. SECTION 4. This Resolution shall take effect three (3) business days from adoption. PASSED, APPROVED AND ADOPTED BY THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY THIS 3RD DAY IN MARCH, 2015. oa&(eu OV S B RD CHAIR ATTEST: MES THOMPSON, CLERK/SECRETARY Resolution No. 033 Page 3 CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Secretary of the Oversight Board for the Successor Agency of the Palm Springs Community Redevelopment Agency hereby certify that Resolution No. 033 was adopted by the Oversight Board at a Special Meeting held on the 3RD day of March, 2015, by the following vote: AYES: Boardmember Arthur, Boardmember Foat, Boardmember Marshall, Boardmember Ready, Boardmember VanHorn, and Vice Chair Howell. NOES: None. ABSENT: None. ABSTAIN: None. AMES THOMPSON OVERSIGHT BOARD CLERK/SECRETARY City of Palm Springs, California Recognized Obllgatlm Payment Schedule(RODS 15-16A)-Summary FWd for the Joky 1,20151hragn Decenmer 31.2015 Period Neme of Succeaaor Agency: Paint Springs Name of County: Rnarvde Current Period Reguested Funding for Outstanding Debt or ObIlgaum SIxWonth Total Enforceable Obllgatlons Funded rani Non.Reder*opmwnt Property Tax Trust Fund(RPTTF)Furding A Sornces(B-G-D): S ],666,62J B Bond Proceeds Funding(RODS DOW 1,039.996 C Reserve Bahr ce Funding(BOPS Detaq 1,127.077 D Other Funding MOPS Deta9) 1499.450 E Enforceable ObligatIons Funded with RPTTF Funding tF�G): $ 1.L66.517 F NGnAdrnlnlsfrabve Costs(ROPS Detail) 1,617.095 G AdmnalrWri s Cons(BOPS Dotal) 19442 N Curtarn Period Enforceable Obligations IA+E): 6 6,733,060 Succoaaor Agency S&INZapor ed Prior Period aslinumare to Current Period RPTTF Requestedd Fundng 1 Emooepble Ob9gations funded etth RPTTF(E)- 1,686,537 J Less Prior Period Ad)uatment(Report of Prior Period Adlustmenta Ceaarnr S) 3C 3411 K Ad)uated Current Period RPTTF Raquested Fusing 9J) S 1.6m.1e6 County Auditor Cantrdler Reported Prior Period Adjusbnent to Ct ffl Period RPTTF Ft"aatsd Funding L Enforceable Obb9stions W ded with RPTTF(E): 1,666.537 1A Less Prior Period Adpsbnem(Report of Prior Period Aftntmarrts Ca4rnn AA) N Ad)uatad Curtsm Padod RPTTF Requested Funding(Lary i,�fi.67T Undcat"of Oversprr.Board Chaaman: !s Chlysemp Pursuant!to Section 34177(m)of the 11ea1111 and Safety code.I ) TINhe"only Mal the a mu above a a true and ape Regn COCad Obligation Payment Schedule for the above named agency. I I 03/o sal S N Oe6e Recognized Obligation Payment Schedule(ROPS 15-16A)-POPS Detail July 1,2015 through December 31,2015 (Report Amounts In Wide Dollars) A B L D E F G H I J K L M N 0 P Funding Source Nor-Redevelopment Property Tax Trust Fund! Nor-RPTIF RPTTF ConraNAgreement CoramctlAgreemea Total Outstanding Item s Protect Name/Debt Obli anon ObN abort T Execution Date Termination Date Pe eel Desci-phom'Project Scope Protect Area Debt or Obligation Refired Band Proceeds Reserve Balenice Order Funds Non-Admin Admin Six-Month Total E 116,265,385 S 1,039,996 E 1,127,077 1 499 45E, S 1 617 095 E 19 442 5,333 NO 2007 Tas Allocation Bonds Series A Bonds Issued On or 911812007 911 034 US Bank Caused Pro acts Mer ed 1 21 483488 N 309,613 S 309 613 3 2007 Taxable Tax Allocation Bonds Bonds Issued On or 911KO07 911204 US Bank Property Acquisition Merged 1 3385,375 N 58,61 E 58 647 Series B Before 12r31/10 4 SERAF Loans SERARERAF 41202010 6/ WI)37 Palm Springs Housing Loans for FY 2009110 and 2010111 Merged 2:1 A56 N 1,ID9.000 - $ 1,109.000 Successor SERAF Payments 5 Housing Deferral Repayment SERAFIERAF 1/1/1996 6/302037 Palm Spins Housing Pre-1986 Set Aside Defend Merged 1.532,669 N S - Successo 6 211 Convention Center Bores Revenue Bonds 6'WLDO7 11/12034 City of Palm Springs Agency Contribution to Convention Merged 1 27,300,000 N 650.D00 $ 650,000 Issued On or Before Center Expansion 12131M0 7 Contract Services -Financial Fees 912221 6/3D/2019 Hanel&Company Merged 1 Bonds Disclosure/Rating Merged 1 34,200 N S - Advisors 8 Content Services-Rebate Fees 6I42010 6/30/2016 Wildi n Finanaal Services Merged 1 Bonds Rebate Consulting Merged 1 15,000 N $ - Calculator Services 9 Bond Trustee Fees Fees 611611 11/12034 US Bank Merged 1 Bonds Trustee Fees Merged!1 75.000 N 4,000 E 4,DD0 11 Disposition and DeveOp nsfr menl OPAIDDACoucti 12/52 9/1 005 2222 Endure Investments Financial Assistance(1 D Yean Merged 98D,i N 140 COO $ 140000 Agreement on 12 Owner Participation Agreement Business Incemive 1I192000 6/302016 VIP Motors Finanual Assistance Merged 1 401 IN S - Agreements 15 2007 Taxable Tax Allocation Bonds, Bonds Issued On or 9118/2007 9/12034 US Bank Property Acquisition Merged 2 10,329,297 N 340 211 E 340,211 Series C Before 12r31110 16 Agreement for Reimbursement Miscellaneous 12/B/2006 6F3W203, City of Palm S rims PSI -236 Lease Merged 2 4386,781 N 122 892 $ 122 B92 17 2004 Convention Center Batas Revenue Bonds 6161 11/12034 City of Palm Spans Agency Contribution to Convention Merged 2 6.3001 N 150,000 E 150,000 Issued On or Before Center Expansion 12nI110 18 Contact Services -Financial Fees 922/2010 6/3012019 Harrell&Company Merged 2 Bonds Disclosure Rating Merged 2 34,200 N $ Advisers 20 Bond Trustee Fees Fees 6/162004 11I12039 US Bank Merged 2 Bonds Trustee Fees Mer e i 2 40,D00 N 2000 E 2000 25 Convect Samos-Audit Admin Costs 4151 10 6/302016 Lance Sol&Longhand Audit Services Mardi Merged 2 321,W0 N 9,000 E 9,000 26 Contract Semces-La al Legal 1/122005 6 =016 Woodruff S adlin General Least Counsel Me eel/Mer ed2 91,DOO N 9,000 S 9.000 27 Contract Semces -Financial Atlmin Costs 7/11200B 15M2019 Harrell&Company POPS Consulting Mergedll Merged 2 96,D00 N 4,000 $ 4000 Advisors 33 Administrative Cost Allowance Admen Costs 7/12015 6/302016 City of Palm S rims Ovemead Cost.Allocation/Salanes Mer edl/Merged 2 4875,DOO N 105,558 '9442 S 1251 34 Loan City/Coumy Loans 5/6/1 D98 11/12035 Palm Springs Housing Loan to Merged Project No.1 Merged 1 24,503 N S On or Before 627111 Successor 35 Agreement for Reimbursement City/Courtly Loans 10/16/1991 11/12035 City of Palm Springs Project Costs Merged 1 413,500 N $On p Before 627/11 Wastewater Fund 36 Agreement for Reimbursement City/County Loans 10/16/1991 11/12035 City of Palm Springs Project Costs Merged 2 413,500 N S On or Before 6Q7/11 Wastewater Fund 37 Agreement for Reimbursement CitylCogmy,Loans 6/22/1993 11/12035 City of Palm Springs Protect Costs Merged 2 400.D00 N $On or Before 627111 Wastewater Fund 38 City Loan and Interest CitylCmnty Loess 6/152011 11/12035 City of Palm Springs Operating and Administrative Costs Merged 1 1.553,913 N S On or Before 627111 For FY 2011-12 39 City Loan end Interest C41Courlly Loans 6/152011 11/12035 City of Palm Springs Operating and Administrative Costs Merged 2 103,2W N $ On or Before 627111 Fa FY 2011-12 40 City Loan and Interest Ctty/Courtly Loans 15M512011 11/12035 City of Palm Springs Operating and Administrative Costs Merged Merged 2 1011 785 N E On in Before 627/11 For FY 2010-11 41 Agreement for Reimbursement CdylCoumy Loans 121612006 11/l0035 City of Palm Springs Prepay Portion of PSL 236 Merged 2 '.139.872 N S - On or Before(V271111 1 1 Sustainsiodity Fund Recognized Obligation Payment Schedule(ROPS 15-16A)-ROPS Detail July 1,2015 through December 31,2015 (Report Amounts in More Dollars) A B C D E F G H I i K L M N O P Footling Source NorRedeveloprmerd Property Tax Trust Fund Nob-RPTTF RPTTF Conmact/Agreement CarArect/Agreemem Total Outstanding Item It project Name/Debt 01fifigation Obli ation T Execution Date Terminator,Dale Payee DefcopfibroPostect Scope Protect Area Dabt or ODIi anon Retired Bond Procei Reserve Balance DMer Funds No+Admin Admin Six-Month Total 43 2007 Tax Allocation Bards,Series A Reserves 9/16/2007 9/12034 US Bank Reserve for September 1 Debt Service Merged 1 N $ - 44 2007 Taxable Tax Alocabon Bonds, Reserves 9/1 W007 9/12035 US Bank Reserve for September 1 Debt Service Merged 1 N S Series B 46 2007 Taxable Tax Allocation Bonds, Reserves Wl&2g07 9/1/2034 US Bank Reserve for September 1 Debt Service Merged 2 N 1 _ Series C 48 Property Tax-Cork b Bottle Property, 7/l2013 6=2019 County of Riverside Property Taxes on Agency Hdtl Land Merged 1 12.OW N 2m00 S 2.OW Properly Maintenance Pending PMP-Curent Installment 49 Property Tax-Cork 8 Bode Reserves 7112015 6WN16 County of Riverside Reserve for Next Installment 0 Merged 1 2.WO N 2,OW $ 2000 Property Pro Tax on Item 48 50 Property Tax-PSL 236 Property Property 7112013 6/302037 County of Riverside Property Taxes on Property Under PSL Merged 2 256.OW N 445 4,555 $ 5,DW Maintenance 236 Lease-Current Installment 51 Property Tax-PSL 236 Property Reserves 7/12015 6KID2D16 Courtly of Riversde Reserve for Next Installment of Merged 2 5,DOO N 5.ODO $ 5,OW Property Tax on Item 50 52 Plaza Theatre-Insurance Property 7/12015 WO2016 City 0 Palm Springs Insurance on Agency Held Property Merged 1 24,WO N 6,560 $ 6,000 Maintenance I Pending PMP 53 Plaza Theatre-Maintenance Property 71112015 6/302016 City of Palm Springs Maintenance Costs on Agency Held Merged 1 7,500 N 3,500 S 3,5W Maintenance Property Pending PMP 54 Plaza Theatre-Consulting for Properly 7/112015 6r30P1016 To be determined Estimate to Renbvale Agency Held Merged 1 Y 9 - Renovaton MmMlance Pm Pending PMP 56 Plaza Theatre-Utilities Property 7112015 W02016 Desert Witter Utilities for Agency Held Property Merged 5,W0 N 1000 S 1,000 Maintenance Pending PMP 57 Plaza Investment Lease Property 7r3O2W3 5131201E Plaza Investments Lease d property adjacent to Place Merged) 29200 N 5.600 $ 5,600 Maintenance Theatre used for access 58 Cash tow Loan RPTTF Wrthhdding City/County Loans 11202013 12/312014 City of Palm Springs Cash flow loan for purpose of paying Marginal)Merged 2 1.503,000 Y $ After 627111 DDR amounts W offset RPTTF Wiffilfirghbog ROPS 1114E 61 Reimbursade Costs Miscellaneous 7/12015 6/5012016 City of Palm Springs Start Casts relating to the preparation Mergedll Merged 2 Y $ and completion of the refinancing of 200 1 and 201)0 Bonds 62 2014 Subordinate Tax Allocation Refunding Bonds B/19/2014 91112034 US Bank Refinancing cf 2001 and 2004 Bonds Mergedll Merged 2 22.367 400 N 418.1 E1 808440 $ 1 226.1501 Bonds Issued After 6/27112 63 CoMred Services -Financial Fees 9222010 6/3012019 Hanell S Company 2014 Bonds Disclosure'Rating Mergetltl Merged 2 34.500 N S - Advisors 64 Contract Services-Rebate Fees 614/2010 6/30/2016 Waited Financial Services 2D14 Bonds Rebate Consulting Mergedll Merged 2 to'" N S - Calculation Services 65 Bond Trustee Fees Fees BJ1912014 911120M US Bank 2014 Bonds Trustee Fees Mer will Merged 2 65.000 N 3.000 $ 3 OW 66 2014 Subordinate Tax Allocation Reserves 811912014 91112034 US Bank Reserve for September 1 Debt Service Mergedll Merged 2 - N S _ Bonds 67 LMIHF OUR Overpayment Miscellaneous 1120/2013 6/302015 city aPalm Springs firceas Transfer for LMIHF DDR M it Merged 2 Y E 68 Advance from me City for Cmk 8 Property 711/2014 6/302D15 City of Palm Springs 80 year old building has unsafe Mergedl - Y S Bade Building Electric Rewiring Maintenance aluminum wring and is in danger of an electicd fire,and it is Occupied by a tenant 69 Capital Projects ImWovemenNrdrastr 711/2015 6/30/2034 To be 6 hommetl Rememing 2007 Series C Bond Merged 2 1 039.996 N 1,039,9915 S 1039,996 ucture Proceeds 70 N $ 71 N $ 72 N $ 73 N E 4 N $ Recognized Obligation Payment Schedule(ROPS 15-16A)-Report of Cash Balances (Report Amounts in Whole Dollars) Pursuant to Health and Safety Code section 34177(1),Redevelopment Property Tax Trust Fund(RPTTF)may be listed as a source of payment on the BOPS,but only to the extent no other funding source is available or when payment from property tax revenues is required by an enforceable obligation. For tips on how to complete the Report of Cash Balances Form,see httos://raddof.ca.eov/rad- sa df/(,i Balance A ens. rs Sheet. df. A B C D E F G H Fund Sources Bond Proceeds Reserve Balance Other RPTTF Prior ROPS Prior ROPS period balances RPTTF Bonds Issued on and DDR RPTTF distributed as Rent. Non-Admin or before Bonds Issued on balances reserve for future Grants, and Cash Balance Information by ROPS Period 12131/10 or after 01/01/11 retained nods Interest,Etc. Admin Comments ROPS 14-15A Actuals 07/01/14-12131/14 1 Beginning Available Cash Balance(Actual 07/01114) Column C-See Worksheet Adjustment to 3,214,070 1,656,898 37,172 302.986 Beginning Balance 2 Revenue/Income(Actual 12131/14) Column IF$76 adjustment to correct beginning RPTTF amounts should tie to the POPS 14-15A distribution from the County Auditor-Controller during June 2014 balance on Line 1 for incorrect carryover reserve 2,745 17,395,071 78 20,898 1,180,739 balance on lines 48 and 50,see Notes 3 Expenditures for ROPS 14-15A Enforceable Obligations(Actual 12/31116) Column C-Applied to Refunding of 2004 Bonds, of RPTTF amounts, H3 plus should equal total reported actual Column H-included$142,821 for 14-15A expenditures in the Report of PPA,Columns L and O 2,176 688 1 17 383 875 16,855 1,395,975 Approved EO shown on PPA but paid in January 4 Retention of Available Cash Balance(Actual 12/31114) RPTTF amount retained should only include the amounts distributed as reserve for future penod(s) 1 Pit^ '7- 1.196 � 172 - Column G-Retained for 14-156 Approved EO 5 BOPS 14-15A RPTTF Prior Period Adjustment RPTTF amount should tie to the self-reported ROPS 14-15A PPA in the No entry regwreu Report of PPA.Column S 6 Ending Actual Available Cash Balance CtoG=If -2-3-4),H=(1 +2.3.4-51 $ - $ - E - E 445 $ 7.043 $ 57,409 ROPS 14-15B Estimate 01101115-06130115 7 Beginning Available Cash Balance(Actual 01/01115) (C,D,E,G=4+6,F-H4+F4+F6,and H-5+6) $ 1,040,127 $ 1,196 $ - $ 445 $ 41.215 $ 87,750 8 RevenueAncome(Estimate 06/30115) Column D-Transfer of minor remaining RPTTF amounts should tie to the POPS 14-15B distribution from the balances for 2001 8.2004 Bonds to 2014 Bonds County Auditor-Controller during January 2015 trustee to apply against future payment,Column 131 1,492,407 382 001 G-Land Sale Proceeds 9 Expenditures for ROPS 14-15B Enforceable Obligations(Estimate balances for 2001 82004 Bonds to 2014 Bonds 06130115) 34.172 2 439,410 trustee to apply against future payments 10 Retention of Available Cash Balance(Estimate 06/30115) RPTTF amount retained should only include the amounts distributed as reserve for future period(5) 11 Ending Estimated Available Cash Balance(7+8-9-10) $ - 5 - $ - $ 445 $ 1,499,450 $ 30,341 Recognized Obligation Payment Schedule(RODS 15.16A)-Report of Prior Period Adjuetmanm Reported for Me ROPS 14-15A(July 1.2014 through December 31,2014)Period Pursuant to HeaM and Safety Code(HSC)section U186(a) (Report Amounts in Whole Dollars) ROPS 14-15A Su¢essor Agency(SA)Sall-npoRed Prior Period Adjustments(PPA):Pursuant to HSC Section 341 B6(a),SAS are required to moon Me differences beKviven their actual available funding and Mew actual expenditures for the BOPS 14-15A(July through December 2014)period. The amount df Redevelopment Properly Tax Trust Fund(RPTTF)approved for Me ROPS 15-16A(July through December 2015)period will be offset by Me SA sad-reported ROPS 14-15A prior penod atljustment.HSC Section 341 B6(a)also specifies that Me prior period adjustments self-reported by SAs are subject to audit by Me coun auditor-coilrder CAC and the Stale Controger. A a C I f G H 1 J K L M N O P 0 R $ T Non-RPTTF Expenditures RPTTF Expenditures Nal 3A Nonidmin and Admin PPA IAmeem Used 1a OReel ROP315-19A Bend PrviceWs Mwm Balance CaherFunde Non-Ad— Aendn Requemd RP"F) An11aGa AveWdle DTannc. RPTTF RPTTF K Mul adu.I (ROPS1 I5A OM.once MCP514-15F ......1.1 w.lxAed a at other N.s L....rM (B K 1.Was Man L, aidnW.Cl•III vaer art Uvrof authonaed,Me Projen Name I a wiMde as o1 A .nx.d I the difference I. .vaiad..s of AuMMe.d I wl diff—c 1. Nat DMerenn 4m0 NIA adl9Nlon ATd '.'- AN w MFA�.lAu hdrd Actual AUeni.dawrlaed 0711114) Available Acadd xa,d) AWedaed 0711114) Avtll.aN AHu.I .ro) (M-R) a .. . f - 3 - 3 16%,8913 § 16%.531 S 25000 E 16A55 f 1301316 i 1301316 $ 1301316 S 1270975 f 30,341 3 125000 S 125,000 $ 125000 5 125,000 i - 3 30341 1 2004 Tao M.— 5W U7 594 BJ] 178 742 179742 E 178742 178 742 S E 2 120107 Tax AlMMim 185768 185768 123845 123 US $ 123845 123.645 3 5 3 2007T.aade Tv 35168 35,188 M.459 23459 S 23.458 13.459 i E Atl..Band, Sane.B 4 1 sF_RPF Ldann I s s a 5 Houang Defenal - E - 1 s Reonanand 6 erew Bonds - 3 E - E C.M.r Bondn 7 mane Smiws- 1.000 i WO E 1.000 s 1900 f 1600 Fi unual 9 ContractSeances- - 3 E f R.M.CaICWNan 9 Send Trustee Fees - 7000 7ox, f 7000 3.120 § 3880 $ 3900 11 Diapo...and _ to'" 140000 3 140.000 1.0,000 3 § - NPN 12dil NWun.d an January 0. OevNopmerd 2015 aMMM 12 O rPaad,ddim - - - $ E § - raernmt 13 PaclrR Ho.pdes, E150000 350.000 E 350.000 331450 E 1655C f 18.550 J.dtzra.wl 14 2004 T.N.dd.n - 301,393 301393 105735 105,T35 S 105735 105735 E f RNundn9 Bonds. Sexes B 15 2007Tax.de Tas 228.55a 228558 1OF705 104,705 3 104 705 104.705 $ f All.lbn Bonin. sane,C 16 Agreement br 122.a9T 122.692 f 111.692 IMA92 E $ Reimbursement 17 2004 Convention e.merednds 16 Cowlrad Service - !4� I'M f 1" a 1600 s 1,000 FinandN 19 CmmdsaNicas- - - f $ - f Rebels CYWalion 20 Bond Tmslee Fua 4500 4500 2n3 1067 5 2.087 21 2001 Houung Tax 305 an 305422 - 83.496 3 83496 93421 S 75 § 75 Aa.,.a Bands Comnat S ,an es- 500 s 500 S 500 s 500 FirxnnNM CoMnclSemce,- Rebate C st"Fae34 BandTrvenF.es 2.500 5 2500 5 35p0 f 2,500 Recognitad Obligation Payment Schedule(ROPS 15-16A)-Report of Prior Period Adjustments Repeated for the ROPS I415A(July 1,2014 through December 31.2014)Period Pursuant to Health and Safety Code(HSC)section 34186(a) (Report Amounts in Mole Ddlarsl RODS 14-ISA Successor Agency($A)Self-npaM1ed Prior Period Adjustmmb(PPA):Pursuant to HSC Section 34186(a),SAS are required to report the differences beh een their actual available Ending and their actual expenditures for the ROPS 14-15A(July Mmugh December 2014)period. The amount of Redevelopment Property Tax Trust Fund(RPTTF)approved for Me ROPS 1&16A(July through December 2015)Period vdfi be offset by the SA'a self-reported BOPS 14-15A prior period adjustment.HSC Section 341 B6(a)also specifies that Me prior period Mjusments self-reported by SAs are subject to audit by the county auditor-controller(CAC)and the State Controller. A B C D E F G I M I I l N L M N O P O R 3 T Non-RPTTF Expenditures RPTTF Expenditures Net SA No"dmin and Admin PPA (Amount Used to Men ROPS 1S16A Bond Preceedt Be—SaYnw center FudM NelNvdmin Admin Returned RPTTF) AveWge AveYMe DBlennca RPM RPTTF IStanal....l (RCP51N5A DMevnu Mc P51e-15A Inds 1.1 dinnbuted I 0 Wer Net Leeser M (N R Is Was than L, distributed•N other Net Les.M am .m .d.Me P".N.me t veiade as M Aurhomed l the dMartnce Is eveYNe es ofAuthorized l total difference I. NearDifference bon Dean ONi9aGan A...d A... W ANbadza AUMmd Actual d Actual AutaedPd a 0711114) Available Adual zerol Aadwrbd 0711114) AvaYde Actual ..I IMaR) SA Comma e, $ 1 B56.B% S 1.656.531 i 26000 S 16.855 a 1pt 316 i 1,301 316 5 1 301 316 § 1 270,975 S 30.341 $ 125.000 S 125.000 E 125,000 b 125.00n $ - S 30.341 25 conned Servins- 5 S E - Audh 26 Contract Semus- - s $ S L .I 22 Conrad Semua- - b S E Financial 32 L....I5uW.... E a E A reem.A U Mmmisllnlve cost - - 5 E S Noeence 34 Loan $ S 35 Agreemem for - - § S E Reimaun.nino 36 Agnamem for - s S E R.imbuesemem 37 Aiiaemem for - - E $ E Reimdureement 39 CM Loan and - E E E tmered 39 Cat Loan and E E S - Interest 40 c4r Loan and - - E $ S (mend 41 Agreement lnr § b E Runax,,umenl 42 2004 Tax Nloccon - S E $ R.unding Bond, Seams A 43 2007T.z AJIocabon - - a b 5 Bonds San..A H 2007 Tirade Tax - E - E S Allocation Bonds Sane.B 45 2004 Tax Noruenn - i Refunding Bondi. San..B 45 2007 Taxable Tax Noonion Bands. S C 47 2001001 HouBon 5 5 $ oul Nl.on Bonds 41 Pmp.ny Tax-Cork 1]26 140D % - E S S - See Notes;$7.oaustmedie0doed to a Bdtla Ptdpeny Reserve Line Ft on un form Recognized Obligation Payment Schad ule(ROPS 15-i6A)-Report of Prior Period Adjustment] Returned for the ROPS 1415A(July 1.2014 through December 31.2014)Period Pursuant to Health and Safety Code(HSC)section U186(a) (Report Amounts in Whole Dollars) ROPS la-15A Successor Agency(SA)SBlf-reported Prior Period Adjustment](PPA):Pursuant to HSC Section 3e166(a),SAs are required to report the differences;between their actual available funding and their actual expenditures for the ROPS 1415A(Juy through December 2014)period. Tiro amount of Redevelopment Property Tax Trust Fund(RPTTF)approved for Me ROPS 1 S16A(July"rough December 2015)period wit be offset by the SA self-reported ROPS 14-15A prior period adjustinent.HSC Section U1 R6(a)also sperAies that Me prior penod adjustments self-reported by S i s ere subject to Audit by the county auditor-controller CAC and Me State Controller. A a c O E F G H I K L m N O P 0 R ] T Non-RPTTF Expenditures RPTTF Expenditures Net 6A No.AdmM and Admin"A (Amount Used to 0i ROPS 1 S16A Bond Proceeds Rewrw RWnee other Fore. Non-A4nln Adel. Re9wned RPTTFI Ay1M01e Available Dirtmnte RPT T RP{IF (H 1W l ettun (ROP51615A omercn[e (iW51N5A excaMa total c.buled•Y. Nn Leasar w (H K is less Man L, dish'dIM•aF[Uer Nn Lesen n ..".rued,We Prof.cl Move l ei.d.w..ad Au"w4Nl IM dlMrence is available na Audi ..I Oft.nc.i. 1MsW... Kane qp w"inion ANKonzad Adun Authorized Actual AIMorWd Amon AUMMeed 0711111) Ag4aM MWI taro) ANMmtld 0711114) Available Aetual ero) IM-R) SA Own. S 16%696 S 1656.591 $ 25.Mq S 16655 S 1,301316 S 1.301.316 S 1,t01,316 t 190.975 t W.Ul 3 125.000 $ 1250m b 125000 t 125000 $ - S 30.311 .9 Presem Tax-cork - 1.326 1.329 t 1.326 1.326 S t s Rene Property 50 Plapm i Tu-PSL 4396 3.955 - S S - t - See taxes 1 S.at.stinnll rpun.d 1. 236 Pmpmy Reserve Una Ft on cash form 51 Pu er Ta.-PSL 4.3% 4,396 if 43M 3955 S Hl $ 441 236 52 Plane Theatre- 6om 6000 $ 6000 6000 t - S 53 Plans Theatre- - 10020 10020 S 10.1120 ta020 S - $ 5a Plena ihenre- - - - 1 S $ Renoultui,vation ra Reao.The 55 Plana imann- - - y - f s sn % Pla.Therm- - 1 tt`O 1 000 t 1 000 742 s 251% 1 256 Mall.. 57 Pane Inveumem - .900 e690 t s 699 a Son $ f - Actually paid$s 600 in 1415A Lae. include,tam not due until JawMy 1. 2015 fROPS 1415E expense)but pid n advance due to hlxida 58 Daena..Lan - - t - a $ RPTrF wdhhndin 59 Da.h now L..nn 24400 24400 t 24..m 24350 s w i 59 Poo.Therm W C.NAa.Lwnfor 25000 16M - t f I; - PMPcoM pion Recognized Obligation Payment Schedule (ROPS 15-16A) - Notes July 1, 2D15 through December 30. 2015 kem 0 Notes/Comments 57 Includes 7 monthly payments of$800 instead of 6 payment because of one payment due January 1, 2016 but paid in December 2015 due to holiday 69 The Agency has received the FOC and will be entering into a Contract for expenditure in 15-16A The reserve of RPTTF approved in 13-146 for the December 2014 tax bill was$1400 (See line 49 of 13-14B). When 14-15A was prepared, $1,326 was input in the reserve column, even though it should have been $1400. The Agency applied $1400 toward the tax bill. The total tax bill for the December and April installment was $2,821, $95 more than the funding request of$1400 from 13-14B + $1326 from 14-15A. The Agency used other funds on hand and had the OB approve a resolution PPA 4549 for the change in funding; paid in January so this is an A/P for cash reconciliation The reserve of RPTTF approved in 13-14B for the December 2014 tax bill was$4400 (See line 49 of 13-14B). When 14-1 SA wee prepared, $4396 was input in the PPA 50-51 reserve column, even though it should have been $4400.