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HomeMy WebLinkAbout23839 RESOLUTION NO. 23839 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS, CALIFORNIA, ACTING SOLELY IN ITS CAPACITY AS THE SUCCESSOR AGENCY TO THE CITY OF PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY, AND IN ITS CAPACITY AS THE HOUSING SUCCESSOR AGENCY TO THE CITY OF PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY, APPROVING THE SUCCESSOR AGENCY AND HOUSING SUCCESSOR AGENCY BUDGETS FOR FISCAL YEAR 2015-16, AND OTHER SUCH MATTERS AS REQUIRED. WHEREAS, in accordance with the provisions of the California Health and Safety Code Section 34173, the City Council of the City of Palm Springs has been designated and has accepted such designation of Successor Agency to the Community Redevelopment Agency of the City of Palm Springs to carry out the purposes of and exercise the powers granted to Successor Agencies; and WHEREAS, pursuant to California Health and Safety Code Section 34176, the City Council opted to retain the housing assets and functions previously performed by the Community Redevelopment Agency, serving as the Housing Successor Agency to the Palm Springs Community Redevelopment Agency; and WHEREAS, pursuant to City Charter Section 903 the City Council conducted a duly noticed Public Hearing with respect to the Fiscal Year 2015-16 Budget; and WHEREAS, the City Council has examined said budget, and considered all written and verbal public comments, and after due deliberations and consideration, made any such amendments in the preliminary budget as it considered desirable; and WHEREAS, pursuant to City Charter Section 904, the City Council desires to adopt the Budget for Fiscal Year 2015-16. NOW THEREFORE THE CITY COUNCIL OF THE CITY OF PALM SPRINGS DETERMINES, RESOLVES AND APPROVES AS FOLLOWS: SECTION 1. The City Council, as the Successor Agency's governing board, has established and approved the Recognized Obligation Payment Schedule (ROPS) for the period of July 1, 2015, to December 31, 2016 (ROPS 15-16A) in the form attached to this Resolution as Exhibit A, and serves as the Fiscal Year 2015-16 Budget for the Successor Agency. SECTION 2. The Successor Agency hereby recognizes that the ROPS serves as the budget document for the Successor Agency during the designated operative period and appropriated funds as identified, and that the adoption of the ROPS 15-16B by the Successor Agency Board for January 1, 2016, to June 30, 2016, by the Successor Agency, and its approval by the Oversight Board, shall constitute the adoption of the Resolution No. 23839 Page 2 Successor Agency Budget for the second half of Fiscal Year 2016-2017 without any further action by the Successor Agency. SECTION 3. Any changes to the ROPS, clawbacks, adjustments, or similar changes to the amounts payable from the Redevelopment Property Tax Trust Fund (RPTTF) or other sources, to the Administrative Cost Allowance required by the Oversight Board, the Riverside County Auditor-Controller, or the State of California Department of Finance, shall constitute an approved amendment to the Successor Agency budget without further action by the Successor Agency. SECTION 4. The Successor Agency and Oversight Board have approved the Administrative Budget for the Successor Agency during the designated operative period and appropriated funds as identified. The Successor Agency Administrative Budget for the period July 1, 2015 to June 30, 2016 is as follows: Successor Aaencv Personnel 40000 Regular Employees 177,632 41600 PERS Contribution 45,384 41700 Medicare 2,598 41900 Fringe Benefits 24,116 TOTAL Administrative Budget 250,000 Note: The Administrative Cost Allowance, in an amount not to exceed the lesser of 3% of the Successor Agency's other enforceable obligations, or$250,000 per year, is included on the ROPS. SECTION 5. The City Manager is hereby authorized to pay any demands of the State of California Department of Finance in Fiscal Year 2015-16 pursuant to AB X1 26, as amended, and such demand shall constitute an approved amendment to the Successor Agency budget without further action by the Successor Agency Board. SECTION 6. The City Manager and City Clerk are hereby jointly authorized to execute any professional services or contract specifically included or to be included in an approved ROPS or the Fiscal Year 2015-16 Budget so long as such contract does not exceed the amount so funded. The authority to enter into agreements pursuant to this provision shall be deemed complementary to and consistent with the authority to enter into contracts provided in City Council Resolution No. 20271. SECTION 7. The Director of Finance is authorized, at the end of Fiscal Year 2014-15 through the closing of the accounting records for each such fiscal year, to make and record appropriate interfund transfers and fund balance transfers to appropriation accounts as required to properly account for and balance activity accounts, programs and funds, prior to the completion of the fiscal year audit. SECTION 8. In retaining the responsibilities of the Palm Springs Community Redevelopment Agency as provided in California Health and Safety Code §§ 34173 and 34176, the City Council expressly determines, recognizes, reaffirms, and ratifies the statutory limitation on the City and the City Council's liability in retaining the Resolution No. 23839 Page 3 responsibilities of the Palm Springs Community Redevelopment Agency pursuant to AB X1 26. Nothing in this Resolution shall be construed as a commitment, obligation, or debt of the City or any resources, funds, or assets of the City to fund the City's service as the successor agency to the Palm Springs Community Redevelopment Agency as provided in this Resolution. PASSED, APPROVED, AND ADOPTED BY THE PALM SPRINGS CITY COUNCIL, ACTING SOLELY IN ITS CAPACITY AS THE SUCCESSOR AGENCY TO THE PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY, THIS 17T" DAY OF JUNE, 2015. David H. Ready Hager ATTEST: mes Thompson, City Clerk CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) SS. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, City Clerk of the City of Palm Springs, hereby certify that Resolution No. 23839 is a full, true and correct copy, and was duly adopted at a regular meeting of the City Council of the City of Palm Springs on JUNE 17, 2015, by the following vote: AYES: Councilmember Foat, Councilmember Hutcheson, Councilmember Mills, Mayor Pro Tern Lewin, and Mayor Pougnet. NOES: None. ABSENT: None. ABSTAIN: None. mes Thompson, City Clerk City of Palm Springs, California C: 71 o I/��i 5 Recognized Obligatlon Payment Schedule CROPS 15-16A)-Summary Fled for the July 1,2015 evngn December 31.2015 Period Name of SurccOasar Apmty: Palm Springs Name of County, Riverside Current Period Reeueeted Funding for Outstanding Debt or Obligation Slx4ftnth Tent Enforceable Oblgations Funded with Nau•RedsvNopnuem Property Tax Trust Fund(RPTTF)Funding A Sources(6-C-D)-. S 3,666,SM B Bond Proceeds Fw g(BOPS DaW) 1.039.9% C Reserve 83Lancn Fundmg(RODS Data➢) 1,12'077 D Other Funding(ROPS Detail) tA99.450 E Enforceable Obligations Funded with RPTTF Funding(FK.): S 1.666.537 F Non,Admwstryivo Cons(BOPS Damn 1.647,095 G AdmmLteabvo Cesls(BOPS Delaa) 19M2 R Current Period Enforceable Obligations(A+E): S 6.333.060 Successor Agency Self-Reporfed Prior Period AdBntrnew to Current Period RPTTF Requested Funding I Enforceable Ooligations Aroded wilt RPTTF(E) 1,666.537 J Les:Prior Period Adjustment(Repot of Prior Period A.djuslroents Column S) .22.:A 11 K Adjusted Current Period RPTTF Requested Funding(I-f) S 1.636.196 County Auditor Centcdler Reported Prior Period Adjutronem to current Period RPTTF Requested Funding L Fnlonxable Olsugatwns funded wdn RPTTF(E): 1.666,537 U Lecs Prior Paned Adj eb (Report cf Pror Period Adpoenmm Codunn AA) R Adjusted Ctnertt Period RPTTF Requested Funding(Lat) 1,956,537 CeNrXrori of Oversight Board Chart : Lis S G- A ViC4 Chairperson Pursuant to Section 34177(m)of the Kealai and Safety code,I Iwaby cerVy Mal the above n.a true and accurate ROW7&" n TM Debpbon Payment SchoWe forthe above named agency. � x2ud& aQ9=w C3/0 3 1 a 1� a/e OW Recognized Obligation Payment Schedule(ROPS 15.16A)-ROPS Detail July 1,2015 through December 31,2015 I Repart Pmounls in Whde Dollars) A B C D E F G H 1 i K L M N 0 P Funding Source NornRedevelopmenl Property Tax Trust Fund NorFRPTTF RPTTF Capaq/Agreamant CerpaWAgreement Total Outstanding Itema ProteetName/Debt Onie0m Odi atT Exec,im Date Termination Data Paee Descntion/Prtied Scope Protect Area Debt or Obtiim. Retired Bond Pm<eetls Reserve Balance Other Funds Nor-Adman Adrnm Sn,MonN Total 715265385 /039996 1127077 1499450 S 1647095 S 19442 5.333060 2007 Tax Mocetion Bonds Series Bands Issued or 911012007 9/1 034 US Bank Capital Pro'ects Meritedi 14834BB N 309613 309613 3 2007 Testable Tax Macatim Bonds. Bands Issued On m 91182007 9/12034 US Bank Property Acpuisibon Merged 1 3,385,375 N 58.647 S 58,647 Before2/3 Sense B Be 11/10 ♦SERAF Loans SERAFIEIW 4QD12010 5 2037 Palm Springs Housing Loans for FY 200911D and 201D/11 Merged 1 2.164456 N 1,109,D00 _ j 1,109,pp0 Sumessar SERAF Pa ents 5 Housing Def a al Repayment SEWIERAF 1/1/1996 6t102037 Palm Springs,Housing Pre-1985 Set Aside Deferred Merged 1 1,532,668 N $ Successor 6 2004 Caseation Calla Bands Revenue Balls 6&1 11/12034 City of Pain Springs Agency Contribu8on to Camenhan Merged 1 27.300.000 N 650.000 $ 650,000 Issused On o Before Career Expansion /2131/10 7 Contract Services -Financial Fees 9122201D 613 012 01 9 Hanel&Company Merged 1 Bonds Disclosure!Rating Merged 1 34,200 N j Advisors 8 Contract Sovkes-Rabde F. 6142010 613D/2016 Wlldan Finsuani Services Merged 1 Bonds Rebate Consulting Merged 1 15,000 N § _ Calculation I Services 9 Bond Trustee Fees Fees 6/16r1o04 111120U EE.d.,e Merged 1 Bonds Trustee Fees Merged 1 75.000 N 4 000 S 4,030 11 Disposition and Development OPADDA1Commugl 12/52D05 9/1/2022 stments Finendal Assistance(10 Year) Merged 1 980,000 N 14D,D00 S 140,0g0 A ement on 12 Owmer Parbdpetion Agreement Busness Incentive 1119/2000 &30/2D78 Fireside]Assistance Merged 1 400.000 NAgreements 15 2D07 Taxable Tas All. lian Bards, Bonds Issued On or 91182007 91120M Property AWunurton Merged 2 1D,329,297 N 34D.211 S 340,211 genes C Before=1/10 16A ement fa Ralmburserpnt Misc srrueuus 1b5/2006 61302037 nn s PSL-236 Lease Mer ed2 4386781 N 122892 S 122892 17 2004 Commoner Cenla Bands Reames Bads 6111 11r12034 Sprigs Agency Cathidr0on to Convention Merged 2 6'"'cog N 150,000 $ 159000 Issued On m Belle Canter Expension 12/31/10 18 Conlred Services -Finendal Fees 922I2D10 61302D19 Hamill&Company Merged 2 Bonds Disclosure Mabng Merged 2 34 000 N § _ Advisors 20 Bond Trustee Fees Fees 6116211W 11/12034 US Bank Merged 2 Bonds Trustee Fees Merged 2 40.000 N 2,000 j 2,000 25 Compaq Ssrvlces-Audit Admd Casts 4152010 61302D16 Lance Soll&Lun hard Audit Services Mer ed1!Merged 2 321,000 N 9 pD0 § 90pp 26 Contract Services-L al Legal 11122D05 61'302016 Woodrua5 radlin General Le el Counsel Ma ed1/Mer ed2 91,000 N 9.000 f 27 Contract Services -Financial Adrnn Costs 71182008 6/302019 Harrell&Company ROPS Consultin 9000 g Merged]/Merped2 96,W0 N 4.000 S 000 Advisors 33 Adminiseebve Cost Mo emi,e Admm Costs 7112015 61302016 City of Palm Springs Overhead Cost AlommPrISelenes Mar edl/Merged 2 4,875,WD N 1 105,558 1 19442 S 125.000 34 Loan City/Ceusdy Luau W611998 11/12035 Palm Springs Housing Loan W Merged Project No.1 Merged 1 24,503 IN _ On a Before 627/11 Suexessa 35 Agreement for,Rerndssenwn City/County Loans IW16/1991 11112O35 City d Palm Springs Propel Costs Merged 413,500 IN S _ On a Before 627/11 Wastewater Fund 36 Agreement for ReimdusemeM City/Corsity Liberia 10/1 W7991 11/12035 City of Palm Springs Protect Costa Merged 2 413,500 N j On or Before 8/27/11 WaHaMer Fund 37 Agreement for Reibussemaa City/Castty Loans 622/1993 11/12035 City of Palm Springs Prgacl Casts Merged 2 400,000 N S On or Before 627/11 Wastewater Fund 38 City Loan and Interest Cily/Couity Loaru 61152011 11/12035 City of Palm Sprigs Operating end Adnanislratime Costs Merged 1 1.Wt 913 N § On or Before 627111 For FY 2011-12 39 Coy Loan and Interest City/Casnly Lose W152D11 11112O35 City of Palm Springs Operating all Administrative Costs Merged 2 103,250 N S On or Before 6/27111 For FY 2011-12 40 City Loan and Interest Cdy/County Loans 6/15/2011 11/1/2035 City of Penn Springs Operating and Administrative Costs Magedl(Merged 2 2,011,785 N § _ On or Before 627111 For FY 2010.11 41 Agreement for Reimbursement Cdy/County Loans 12ffiQM6 11/12035 City of Pelm Springs Prepay Portion d PSL 236 Merged 2 ,C aBefore 627111 Suslalnabgi Funtl Recognized Obligation Payment Schedule(ROPS 15-16A)-ROPS Detail July 1,2016 through December 31,2015 (Report Amounts In Mole Dollars) A B C D E F G H I J K L M N 0 P Funding Source Non-Redevelopment Property Tax Trust Fund Non-RPTTF RPTTF Contract/Agreement ContractlAgreement Total Outstanding Item a Pro ed Name I Debt Odi mlon Odi ekon T Execution Date Termination Date Payee Descaf Iia ro ea Scope Pri Area Debt or Obli atron Retied Bond Proceeds Reserve Balance Other Funds Non-Adman Admin Six-Monty Total 43 2007 Tax Allocation Bonds,Series A Reserves 9/182007 91120M US Bank Resme for September 1 Debt Service Merged 1 N $ _ N 2007 Taxable Tax Allocation Bonds, Resmes 9/182007 9/l/2034 US Sant Resme for September 1 Debt Service Merged 1 N $ _ Series B 46 2007 Taxable Tax Allocation Bonds, Reserves 9/182007 9I12034 US Bank Resme for September 1 Oebt Service Merged 2 N $ _ Series C 48 Property Tax -Cork L Battle Property 7/12013 6/302019 County of Riverside Property Taxes on Agency Held Land Merged 1 12,000 N 2000 f 2,000 Property Maintenance Pending PMP-Current Installment 49 Property Tax -Cork&Bode Reserves 7/1/2015 6/30/2016 County of Riveside Resme W Next lnstahmenl m Merged 2,000 N 2.003 S 2.UD0 Property Property Tax on Item 48 50 Property Tax -PSL 236 Property Property 7/12013 61302037 County of f0venide Property Texas on Property Under PSL Merged 2 256,000 N 445 4,555 $ 5,000 Maintenance 236 Lease-Current Instalment 51 Property Tax -PS 2236 Property Reserves 7/12015 M02016 County of Riverside Resme for Nag Installment a Merged 5,000 N 5,000 E 5,01)0 Proen Tax on Item 50 52 Plaza Theatre-Insurance Property 7//2015 6/i02016 Cry,of Palm Springs Insurance on Agency Had Property Merged 1 24,0110 N 6,000 f 6.000 Maintenance Peni PMP 53 Plaza Theatre-Maintenance Property 7/l/2015 MOWS Cry of Patin Springs Maintenance Costs on Agency Held Merged 1 7.500 N 3,500 f 3 S00 Maintenance Property Pending PMP 54 Plaza Themre-CansJting for Property 711=15 BAJ02018 To be detemrkled Esbri me to Renovae Agency Had Merged i Y _ f Renovation Menlenrxxf Property Perri PMP 56 Plaza Theatre-Utilities Property 7A12015 MOWS Desert Water Urimes for Agency Had Property Merged 61 N 1.000 f 1OW Maintenance Pending PMP 57 Plaza Investment Leese Property 7f3012003 51312018 Plaza Investments Lease of property adjacent to Plaza Merged 1 29,200 N 5.600 $ 5,600 Maintenance Theatre used for access 58 Cash aow Loan RPTTF NlaYldbg CaylCaumy,Lome 11202013 12/312014 CM of Pain Springs Cash flaw loan for purpose apaying Merged ll Merged 1,503,000 Y S _ After 627111 DER amounts to oriel RPTTF Withholding ROPS 13.14E 61 Rambursable Costs Miscelarleous 7/12015 W302016 City of Pam Springs Star Cosh ridging to the preparation Merged 1/Merged 2 Y IS and cornplation of are refnancng of 2001 and 20G4 Bonds 62 2014 Subordinate Tax Allocation Refunding Bonds BI192014 911120M US Bank Refmanang of 2001 and 2004 Bands Mergedll Merged 2 22 367,400 N 418,161 808'"o S 1.226,601 Bonds Issued After 6/Pn2 63 Contract Services-Financial Fees 9122/2010 69MD19 Harrell&Company 2014 Bonds Disclosure Rai Mergedl/Merged 2 34,500 N S Advisors 64 Contract Services-Rebate Fees 61412010 6r302016 Milan Financial Smices 2014 Bonds Rebate Censuring Merged V Merged 2 10.000 N S _ Calcdaban Services 65 Bond Trustee Fees Fees 81192014 911120M US Bank 2014 Bonds Trustee Fees M ae1/Merged 2 65,1000 N 3 D00 $ 3,1100 66 2014 Subordinate Tax Allocation Reserves 81192014 91112034 US Bank Resme for September 1 Debt Service Merged l/Merged 2 - N $ _ Bonds 67 LMIHF DDR Overpayments Mi=^marears 11202013 6f302015 Cry of Palm Springs Excess TramdWfor LMIHFDDR Mei Merged 2 Y S 58 Advance from the CM for Cork& Property 711/2014 (IM2D15 City m Palm Springs 80 year dd bustling has unsafe Mergadt Y $ Bode Bustling Electric Rewiring Maintenance aluminum wrong and is in danger of an electrical fire,and 6 is occupied by a lemon 69 Capital Projects Improvementlinhastr 71V2015 6130/2034 To be determined Remaining 2007 Series C Band Merged 2 1,039.996 N 1 039 996 f 1 039,996 uclure Proceeds 70 N 71 S 72 N S 73 N S N 74 $ N S 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)maybe listed as a source of payment on the ROPS,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 https://rad.dof.ca.gov/rad- sa df Cash Balance A err TI']➢ Sheet, df. A B C D E F G H I Fund Sources Bond Proceeds Reserve Balance Other RPTTF Prior ROPS Pnor ROPS period balances RPTTF Bonds Issued on and DDR RPTTF distributed as I Rent, Non-Admin or before Bonds Issued on balances reserve for future Grants, and Cash Balance Information by ROPS Period 12/31110 or after 01/01/11 retained nods Interest, Etc. Admin Comments ROPS 14-15A Actuals 07101/14.12131114 1 Beginning Available Cash Balance(Actual 07/01114) Column C-See Worksheet Adjustment to 3,214.070 1,656,898 37172 302,986 Beginning Balance 2 Revenue/income(Actual 12/31114) RPTTF amounts should be to the ROPS 14-15A distribution from the Column F$78 adjustment to correct beginning County Auditor-Controller during June 2014 balance on Line 1 for incorrect carryover reserve 2,745 17,385,071 78 20,898 1.180,739 balance on lines 48 and 50;see Notes 3 Expenditures for ROPS 14.15A Enforceable Obligations(Actual 14) RPTT F RF amounts,H3 plus H4 of Column H•included$142,821 for 14-15A Column C-Applied to Refunding of 2004 Bonds; should equal total reported actual expenditures in the Report of PPA,Columns L and O 2 176,688 17 383 875 1,656.531 16,855 - Approved EO shown on PPA but paid in January 4 Retention of Available Cash Balance(Actual 12131114) RPTTF amount retained should only include the amounts distributed as reserve for future period(s) 1 040,127 1.196 1 1 34,172 - Column G-Retained for 14.158 Approved EO 5 ROPS 14.15A RPTTF Prior Period Adjustment RPTTF amount should tie to the self-reported POPS 14-15A PPA in the No entry required Report of PPA,Column S 30,341 6 Ending Actual Available Cash Balance C toG e(1+2.3.4),H.(1 +2-3-4-5) $ - $ - $ $ 445 $ 7043 $ 57409 ROPS 14.15E Estimate 0110111 5-0613011 5 7 Beginning Available Cash Balance(Actual 01101115) (C.D,E,G-4+6,F-H4+F4+F6,and H•5+6) $ 1040127 $ 1195 $ $ 445 $ 41216 $ 67750 8 RevenueAncome(Estimate 06130/15) Column D-Transfer of minor remaining RPTTF amounts should be to the ROPS 14-158 distribution from the balances for 2001 82004 Bonds to 2014 Bonds County Auditor-Controller during January 2015 trustee to apply against future payment,Column 131 1,492407 2,382001 G-Land Sale Proceeds 9 Expenditures for ROPS 14-15B Enforceable Obligations(Estimate balances for 2001 82004 Bonds to 2014 Bonds OW0115) ;4 172 2 439.410 trustee to a against future payments 10 Retention of Available Cash Balance(Estimate 06/30/15) RPTTF amount retained should only include the amounts distnbuted as reserve for future penod(s) 11 Ending Estimated Available Cash Balance(7+8-9-10) $ $ $ - $ 445 $ 1,499,450 $ 30,341 Redognu ed Obligation Payment Schedule(RDPS 1&18A)-Report of"or Period Adjustments Reported for-Me ROPS 14-15A(July 1,20141hrough December 31.2014)Period Pursuant to Heath and Safely Code(HSC)sectan 34188(a) (Report Amounts in WhoW Dolan ROPS 1413A Successor Agency(SA)Ssff-4epeMd Prior Period Adjustments(PPA):Pursuant to HSC Section 341 B6(a),SAs are required to report Me differences between Moir actual available hording and their actual expeMitures for Me ROPS W 5A(July through December 2014)Period. The amoled of Redevelopment Property Tax Trust Fund(RPTTF)approved for Me ROPS 15.1 BA(JWy through December 2015)Period will be offset by Me SA a self-npomd ROPS 14-15A prior penod adjushnent.HSC Section 34186(a)also specifies Mat Me prior Period adjustments sett-reported by SAS are subjed to sudd by Me county audila-controller CAC and Me State CoMroler. A B c D E F G H 1 J K L M N p P d R S T Non-RPTTF Expenditures Da ftPTTF Expend8un3 N.t EA NemAamin and Aamin"A lamead uaa4 re ORM ROPa 15-tfA Bond Prvcccdr R.Nrn BMance other Funds NgMdmM Admin Reywped RPT)FI A.14IN. Amasses pteiance RPTTF RPTTF IN usel.du.l (BOPS 10.15A IRIMenn.. (ROPS IN5A imcsed.tsxal diMbNed.M OMer;A.N.W pI K Is We.Me.L. diA..d-a other Nal Ia...Im suth....4.Me hvj.d Naan 1 ..d.me as M Ma Cllfsrenc.1. ...dame a.o1 AdMennd I rdal alternate is Na plM1nnc. IM1m3 Osbt OMipatlan AuMedz.d Adwl AeMMe.0 Actual AUMorlud Actual AdhMlpd 0]11114) Actual isre) AuthMad OTml1 ) Awalable Actual zdol IM.RI1.036.898 S 16`b531 f 25.000 S 16855 s 1.301.316 S 1,Wt,316 3 1009]5 3 3D.Ul 3 125,000 E 125,000 S 123,000 S 125.000 s f 30.341 1 2004TaxPolocwxrn 59404T 594.84T 1]0T42 1)a TB1]0]422 20o)TaxAloteexI 185]68 105 T66 123545 121.8455 121645 3 3 200]Tarable Tea35,100 35Ise 23A59 2a4599 23.459 3 3 aAllou BOMa, etrvs aB E saordena - 3 3 3 RepneM 6 2004 timer Bands Bandsaw 3 ] emend Semites- t M 1 000 3 1.000 $ 1.000 3 1.000 Faunal 8 corhed5.nicu- _ Rebae Glcdaeon E S 3 9 Bond TruOe Fen )000 )ODD 7.00 3120 a8W 3 3 aW 11 Dapuawet - 140.00 140000 $ 140,00 140.000 3 S - ANa12191:diWmadm J.nu.ry S. OeMOpmeM Mr.. zD1s 12 O.mer Paniipalian Agresuess 13 Pati1¢HoWally - 350.004 360.000 S 350,000 331,4513 $ 1855) 3 Is 550 ud m.M 14 2004TUNwaliw 301,393 301.393 165.735 105735 $ 105,735 U5,735 $ - 3 Ratundin9 Bands, Some.8 15 3007Taxade Tax 228,558 M,W 104,)05 104,703 S 104.705 1D4,706 $ a Al c xn Banda, Sera C 16 Agresm.m for - 122,892 122.692 S 122.892 122.892 E - $ Rwmbunmmre 17 2004 Convention 3 $ - 3 Cm ar Bonds 15 Cts h a Service- - I'DW 1,000 a 1900 $ 1 C00 S 1.DDp Fiwndal 19 OwNad Sam.- _ _ Reea.LWdia 3 M n 3 3 - 20 Bmal TNnu Fees 4.501 45N E 450) 2413 S 2007 2.057 21 2001 Hwsa9 Tea 305.422 305.422 33A96 834% 3 83,406 81421 5 75 S ]5 AEcca m Bones 21 Camas Sarvice. SOD 500 E 5W E 500 3 500 Financial 23 CoMreat58rvlces- Rab W Raises 3 E E - 24 aced Tluan Fees - 2,50 25W 3 2 SW $ SOD 5 2 500 Recognized Obligation Payment Schedule(RODS 15.16A)-Report of Prior Period Adjustments Reported for the POPS 14-15A(July 1,2014 through December 31.2014)Period Pursuant to Heehh and Safety Code(HSC)section U186(a) (Report Amounts 0 Whole Dollars POPS 14 15Asu.....or Agency(SA)S48Nepoi ted Prior Period Adjustments(PPA):Pursuant to HSC Seam 34186(a).SAs are required to report me differences behneen their actual available funding and their actual expenditures for the ROPS W5A(July through December 2014)Period. The amount a Redevelopment Property Tax Trust Fund(RPTTF)approved for Me ROPS 15-16A(July though Decerrlter 2015)period NO be offset by the SA'a set-reported ROPS 1415A prior period adjustment HSC Sec w 34186(a)also specifies that the prior period adjusbnents seR+eponed by SAs ere subject to audit by the county autlAa-cortroler CAC and ate State Controller. A B C O E F G K 1 J K L M N O p p q a T Non-RPTTF Expenditures RPTTF Ex nci Rures Net aA Non✓dmin end Atlmin PPA IAmomrt Used to Onset ROPE 15-16A aaM Pr.eaee ReaYee Badhlu Omer Fond. NervAdmin Admen R.,...nd RPTRI Available Av.9.1tae DMennn RPTTF RPTTF Id total ectuel (ROPS 14-15A DlRennc. (ROPS 1✓15A .x...denim diedbuted•d Mer Net lava..df Iff K e.We.than L. dodmut.d-0 dher Net Lee...0 eIMOrtmit Me PNlert Name,I .valeda as of AaMom.d I the deference Is evde d.Y a ANantrad I total difr.nn..i. No DMennw KemI Dead!, eagl AUMemM AcNel A Obxad Aatwl Audnrlead Actual A eemed m11114) Av.11.de Actual Perot AUNOMd 0711114) A.M.N. ActWl ervl IMeR) Saco... $ - S - 3 1,656,11,111 3 1.656,531 S 25.D00 3 1a655 5 1.301,3116 3 1,301,316 S 1.301.315 E 1,270,975 a 30,341 g 125.000 E 125.0011 a 125.ND a 125.000 S - 3 30,341 25 cone 5ervtes § § 3 Audio 2fi Cava Ssmwe- - 3 3 -egal 3 r c dt service- - sFra s s v tl 32 as 33 A4 rxxhativa con $ E Alwnxe $ 34 Loan § g 35 A9hYmsamen Rn mmed 9mbu E E - 36 Agnememla - S 3 S RnmbunemeM 37 A9hYmemlor _ - - § § 3 Reimdrn.m.m 38 Ce,Loan and Mixed 39 licit,Lan and - § b - $ merest 40 City Loan and - a $ - $ dMen 41 A9h.. 1.1 - - a 3 s RNmdunenleM 42 2004 Tax Nscantri g Rsundin9 Bonds. Saran A 43 2007 Tax Notation - § b E B.4a S.m.A e4 2001 Twde T. _ _ a E $ NO[allOn Bonds San.B 45 2004 T..Noulion - - 3 3 b RMuhiding Bonds. B.d.s B 46 200T T.W.Tax - E E Nocelion Borga, Sams C 47 201 Nwsirp T.. - - - $ b S Noudm Bondi 46 Pldpedy Tax-Call t,326 1AOD 65 - $ E E - Se.Notes'.$74.4doodi tMovedto a Base Proton, Resen.Lin.F1.uN Ian. Recognized Obligation Payment Schedule(ROPS iS-16A)-Report of Prior Period Adjustments Reported foithe ROPS 1415A(July 1,2014 through December 31,2014)Period Pursuant to Health and Safely Cade(HSC)section 34186(a) (Report Am13Mhla in Whole Dollars) ROPS 1415A Successor Agency(SA)Safl-npor did Prior Period Adjustments(PPA):Pursuant to HSC Section 54186(a),SAs are required to report the ddferences butNeen their actual available binding and their actual expenditures for Me ROPS 14-15A(July through December 2014)Peddd. The amount of Redevelopment Property Tax Trust Fund(RPTTF)approved for Me ROPS 15-16A(July through December 2015)period vel be offset by Me SA'a set-reported BOPS 14-15A prior period adNShnent.HSC Section 34186(a)also specifies Mat Me prior period adjustments set-re ded b SAs are j po y Subject to audh by Me county auditor-wntroller CAC and Me State CoMrMer. A 5 C O E F G H I J K L M N O p p R f T Non-RPTTF Expenditures RPTTF Expenditures 1M SA Nendemin wa Admin PPA (Amount owe b Obeid(ROPS 15-16A Dona Pmcwde Rwenot aaimu OMar Fund. Non-AYmm Aamin Regwedd RPTTFI Amnable Awaable DM.nnce "TTF RITTF In tWl rMal (ROP51415A DTennce (ROM 14-15A [wet 1.1 dIe1RENea-0dher NV LesurW in Kit dw Men L, di@Auted•A other Nw LeaeerN Vab.nmm the ProlVA Name l ewlede at W AuModiad l Me aMamnce i. avaideold ee W AMhdKed l 1.1 dMenn.if Non DMrtmce hems paid,Onllgetl.n ANnotlied Actual AWnmiud Attuel AWnulxed Actual Au1hONed 0711114) Avaaelde Aduel uro) ANMdvY 07,1114) Available Acrotl em) (WRI SA Ggnmeme f - i - S 1,656396 $ 1356331 f 25000 f 10,e55 $ 1,W1.316 S 1.301,316 S 1301316 S 1270975 f Kul 5 125.000 f 125 DOD $ 125,m S 125,wo f - 3 30,341 49 PropMy Tu-Cor, - 1.326 1,326 S 1.325 13X $ 3 S Dome Property 5o Plowny Tax-PEL 43% 3,955 - - S 3 - 5 - See L- nYmem mquim0 m ert 2]5 PI°PY Rew,.ne linee Fl o on uN farm 51 PropMy Tax MIL - - 43% 43W 3 4.396 3.955 S 441 S 441 236 PoVoily 52 Rau Therre- - - 6AW B000 $ n,000 Geco s i Inwmnce 53 Rau Theatre - 10,020 to= $ 10,0a) 10,020 $ i Maintenance 54 R.The.. _ - S i - $ Consulting for Renovrmon 55 Rau Theaim- - - S i $ ow 56 H.Theatre- - t.000 1.M i 1,000 T42 3 25e s 2e tliNw 51 Rau lnv ortri - 4.9oa s eal i a BOo 4,800 S i - Actually paid f5 900 in 14-15A Laaw 2015(q i 1-1 dr wai Jewry t. tot5eramdtot Saes, IaR paid m advrxa dwm n SB Grin Dow Loon - -RP'TI Co. Waow lhhddin 59 lam nDMm - 24.400 2a 600 S bA00 203W 3 Sof W Rasa rneam w cm now Loan for - 25000 16760 - $ s s Rdv com Winn Recognized Obligation Payment Schedule (ROPS 15-16A) - Notes July 1, 2015 through December 30, 2015 Item 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 13-14B 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 4849 for the change in funding; paid in January so this is an A/P for cash reconciliation The reserve of RPTTF approved kn 13-148 for the December 2014 tax bill was $4400 (See line 49 of 13-14B). When 14-15A was prepared, $4396 was input in the PPA 50-51 1 reserve column, even though it should have been $4400.