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HomeMy WebLinkAbout23561 RESOLUTION NO. 23561 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 2014-15, 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 2014-15 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 2014-15. 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, 2014, to December 31, 2014 (ROPS 14-15A) in the form attached to this Resolution as Exhibit A, and serves as the Fiscal Year 2014-15 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 14-15B by the Successor Agency Board for January 1, 2015, to June 30, 2015, by the Successor Agency, and its approval by the Oversight Board, shall constitute the adoption of the Resolution No. 23561 Page 2 Successor Agency Budget for the second half of Fiscal Year 2014-2015 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, 2014 to June 30, 2015 is as follows: SUCCESSOR AGENCY PERSONNEL 40000 Regular Employees 166,086 41600 P.E.R.S. Contribution 55,727 41700 Medicare Tax 2,601 41900 Fringe Benefits 24,645 41920 RHS 360 Total Personnel Services 249,419 OTHER ADM/N COSTS Auditing 581 581 Total Administrative Bud et 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 2014-15 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 2014-15 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 Resolution No. 23561 Page 3 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 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. Adopted by the Palm Springs City Council, acting solely in its capacity as the Successor Agency to the Palm Springs Community Redevelopment Agency, this 4th day of June, 2014. David H. Ready, City anager ATTEST: ames 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. 23561 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 4, 2014, by the following vote: AYES: Councilmember Foat, Councilmember Mills, Councilmember Lewin, Mayor Pro Tem Hutcheson and Mayor Pougnet. NOES: None. ABSENT: None. ABSTAIN: None. mes Thompson, City Clerk City of Palm Springs, California gNT Dp 6 Ru Z W III D 6 W DEPARTMENT OF EDMUND G. BROWN JR. GOVERNOR Q'�.c•*^�F I N A N C E 915 L 9TRiET 9gCRAM6 NTG CA 11 95814-]7C6 WWW.DOF.OA.00V April 4, 2014 Mr. John Raymond, Director of Community and Economic Development City of Palm Springs 3200 Fast Tahquitr Canyon Way Palm Springs, CA 92262 DearMr. Raymond: Subject: Recognized Obligation Payment Schedule Pursuant to Health and Safety Code(HSC)section 34177(m), the City of Palm Springs Successor Agency(Agency)submitted a Recognized Obligation Payment Schedule (ROPS 14-15A)to the California Department of Finance(Finance)on February 26,2014 for the period of July through December 2014. Finance has completed Its review of your BOPS 14-15A, which may have included obtaining clarification for various items. HSC section 34171 (d)defines enforceable obligations. Based on a sample of line items reviewed and application of the law, the following do not qualify as enforceable obligations for the reasons specified: • Item Nos.6 and 17—2004 Convention Center Bonds in the amount of$33,600,000. HSC section 34171 (d)(2)states that agreements,contracts, or arrangements between the city that created the former redevelopment agency(RDA)and the former RDA are not enforceable, unless issued within two years of the RDA's creation date or are entered into at the time of issuance of indebtedness obligations. The Agency provided RDA resolutions to support the amounts requested and not agreements. Furthermore, the dates of Resolution Nos. 976 and 1327 are May 1995 and June 2007 which are not considered at the time of issuance. Additionally, the Supplemental Trust Agreement No. 3 provided for the issuance of 2004 Series A bonds is between the City of Palm Springs Financing Authority(Authority)and the City of Palm Springs(City), the RDA is not a party to the agreement. Therefore,this item is not considered an enforceable obligation and Is not eligible for Redevelopment Property Tax Trust Fund(RPTTF)funding. • Item No. 54—Plaza Theater Renovation in the amount of$750,000. The Agency is requesting funding to renovate the Plaza Theater property. Finance approved the sale of the subject property in the Agency's Long-Range Property Management Plan (LRPMP)in our letter dated March 25, 2014. HSC section 34181 (a)requires disposal of assets to be done in a manner aimed at maximizing value. However, the estimated renovation cost of$750,000 exceeds$685,000, the estimated current value of the property as reported in the LRPMP. Therefore, this action is not the best Interest of the Mr. John Raymond April 4, 2014 Page 2 affecting taxing entities. Furthermore, the Agency provided an e-mail outlining the estimated cost associated with the recommended renovation as per Assessment of the Current Conditions report; however, no contracts are in place. HSC section 34163(b) prohibits an agency from entering into new contracts or incur obligations for any purposes, including redevelopment activities (e.g. alteration, construction, reconstruction), after June 27, 2011. Therefore, this item is not considered an enforceable obligation and is not eligible for RPTTF funding. • Item No. 58-Cash Flow loan RPTTF Withholding in the amount of$1,503,000. Agency's OB Resolution No. 01,approving a loan agreement between the Agency and the City of Palm Desert in the amount of$1,500,000 fund a shortfall in meeting the Low and Moderate Income Housing Fund Due Diligence Review(LMIHF DDR)demand amount, was denied on January 29, 2014. Pursuant to HSC 34171 (d), a loan to pay the LMIHF DDR demand amount does not meet the definition of an enforceable obligation. Therefore, this item is not an enforceable obligation and not eligible for RPTTF funding. • Item No. 60-Cash flow loan for PMP Completion in the amount of$25,000. Agency originally requested RPTTF funding for this item. Per Agency's e-mail dated March 6, 2014, the Agency requested that the correct funding source for this item should be Other Funds. Finance has reclassified requested RPTTF balance in the amount of$25,000 to Other Funds to reflect the correct funding source. Pursuant to HSC section 34186(a), successor agencies were required to report on the ROPS 14-15A form the estimated obligations and actual payments(prior period adjustments) associated with the July through December 2013 period. HSC section 34186 (a)also specifies prior period adjustments self-reported by successor agencies are subject to audit by the county auditor-controller(CAC)and the State Controller. The amount of RPTTF approved in the table below includes the prior period adjustment resulting from the CAC's audit of the Agency's self- reported prior period adjustment. Except for items denied in whole or in part as enforceable obligations or for the items that have been reclassified, Finance is not objecting to the remaining items listed on your BOPS 14-15A. tf you disagree with the determination with respect to any items on your BOPS 14-15A, you may request a Meet and Confer within five business days of the date of this letter. The Meet and Confer process and guidelines are available at Finance's website below. htta/hvww dof ca oov/redevelooment/meet and corrferJ The Agency's maximum approved RPTTF distribution for the reporting period is $1,174,219 as summarized below: Mr. John Raymond April 4, 2014 Page 3 Approved RPTTF Distribution For the eriod of Jul throw h December 2014 Total RPTTF requested for non-adminisfmtiva obligations 3 722 796 Total RPTTF requested for administrative obligations 125,000 Total RPTTF requested for obligations $ 3,847,796 Total RPTTF requested for non-administrative obligations 3,722,796 Denied items Rem No. 6 (650�) Rem No. 17 (150,000) Rem No. 54 (100,000) �- Rem No. 58 (1,503,000) Reclassified Rem =(2.403,000) k Rem No. 60 00) X Total RPTTF authorized for non-administrative obligations (94.796) 9 S 1,294,796 Total RPTTF requested for administrative obligations 125,000 Total RPTTF authorized for administrative obligations $ 126,000 Total RPTTF authorized for obligations j 1,419,796 ROPS 13-14A prior period adjustment ( 577} Total RPTTF approved for distribution j 1,174,219 Please refer to the ROPS 14-15A schedule that was used to calculate the approved RPTTF amount: htto:/Aovww.dotca.gov/red.ovelopment(ROPS Absent a Meet and Confer, this is Finance's final determination related to the enforceable Obligations reported on your ROPS for July 1 through December 31, 2014. This determination only applies to items where funding was requested for the six-month period. Finance's determination is effective for this time period only and should not be conclusively relied upon for future periods. All items listed on a future ROPS are subject to a subsequent review and may be denied even if it was or was not denied on this ROPS or a preceding BOPS. The only exception is for those Items that have received a Final and Conclusive determination from Finance pursuant to HSC section 34177.5(1). Finance's review of items that have received a Final and Conclusive determination is limited to confirming the scheduled payments as required by the obligation. The amount available from the RPTTF is the same as the amount of property tax increment that was available prior to enactment of ABxl 26 and AB 1484. This amount is not and never was an unlimited funding source. Therefore, as a practical matter, the ability to fund the items on the ROPS with property tax is limited to the amount of funding available to the successor agency in the RPTTF. To the extent proceeds from bonds issued after December 31, 2010 exist and are no( encumbered by an enforceable obligation pursuant to HSC section 34171 (d), HSC section 34191.4(c)(2)(B)requires these proceeds be used to defease the bonds or to Purchase those same outstanding bonds on the open market for cancellation. Mr.John Raymond April 4, 2014 Page 4 Please direct inquiries to Beliz Chappuie, Supervisor or Susana Medina Jackson, Lead Analyst at(916)445-1546. Sincerely, JUST1 N HOWARD Assistant Program Budget Manager cc: Mr. Geoffrey Kiehl, Director of Finance, City of Palm Springs Ms. Pam Elias, Chief Accountant Property Tax Division, Riverside County California State Controller's Office 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 CROPS 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(i) 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 b the ' y Riverside County Auditor-Controller ('County Auditor-Controller"); (ii) submitted to and duly approved by the Oversight Board; (!ii) 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. 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 25' DAY OF FEBRUARY, 2014. TWOMAS FLAVIAGKairman ATTEST: MES THOMPSON, City Clerk Resolution No. 21 Page 3 CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) 1, 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 25th day of February, 2014, by the following vote: AYES: Boardmember Foat, Boardmember Marshall, Boardmember Ready, Boardmember Van Horn, and Chairman Flavin. NOES: None. ABSENT: Boardmembers Arthur, and Vice Chair Howell. ABSTAIN: None MES TH.OMPSON, CLERWSECRETARY Recognized Obligation Payment Schedule (RODS 14-15A)-Summary Filed for the July 1,2014 through December 31,2014 Period ftme of Suedeeeor Agency Patm:S rin Name of County: Riverside Current Period Re "fad Fundin for Outstandin Debtor Obll on Enforceable Obligations Funded with Non Rvdaveloyment Property Tax Trust Fund RP Six-MOnth Total A Sources( C+D): ( TTF)Funding B Bond Proceeds Funding(ROPS Detail) S 1;13n-w C Reserve Balance Funding(ROPS Detail) $6,881 D Other Funding(ROPS Detail) 1,601,017 E Enforceable Obligations Funded with RPTTF Funding(F+0): F Non4I ftnistraHve Costs(ROPS Detail) $ 3 ti47,796 G Administrative Cost(ROPS Detail) 3,722,796 N Current Period Enforceable Oh 125,000 Obligations(A+E): S 5,604,8s4 Suec° it! it!r A en. Belf-Re rted Prior Period At Vatmentto Current period RPTTF Requested Fundin I Enforceable Obligations funded with RPTTF(Ey J Lees Prior Period Adjustment(Report of Prior Period Adjustment Column S) 3,847,796 K Adjusted Current Period RPTTF Requested Funding(1.1) __ (245,577) $ 3,602,219 COI Auditor Controller Reported Prior Period Ad ustmard to Current Period RPTTF R treated Fundin L BMertrs9bte Omilligam funded with R,PI(Ej rttl. 3,847,796 M_ Less PIPe AtIeM(Report of P1to+Per�d�Cmkrmn AA) � Aid�ustadl'�t �yn�iE1�N+7'1'f'�gwsxedF'urfdlagtkl@q - 3,847,796 Certification Of Oversight Board Chairman: Thomas Flavin, Chairman Pursuant to Section 34177(m)of the Health and Safety oode, 1 hereby oertiry that the above is a true and socurate Recognized Name Title Obligation Payment Schedule for the above named agency. IV Sgnature Date ��■��sue■® �"""'"�... �� s©e®a■es i�i■ iwii©�����fi Rs0O0o°i°O°as+u/e P+rm«rt eet�.am.paora)1}nw. . 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Mmin Comm•Ms 1 Be01nfatfrdleAvailable Cash Babtfce(ActuatQ Mm;q Nob PAW RPTTP,1•2 anode Us to Cohered J and O in the R"M M Prior Period anode Colurm C-CIRMedd a 2007Bond Pmoseds ReOPrded as ME In FV 121131nbed of during ROPE 13-14A;Column G-rnd rim other IdrPgne Poaded to FY 1N13 aft ROPS 13-148 prepared 2 RevenuolMom•(Aatr1d 12f37H>) OBB 5 q57 494 i 5 (faro on PmPmUes transferred beds to SA); Nat•filet ON RpT1f 131 572 99 292 umn H=ROP811 pPA aPllouat0 atwuH tls bale RODS 13.tµ gatriptppn Oro 0medy AudUor-CM e%,l*r during Juno 2013 Column C-Obhmnce in book%due"bus mob dry vetue upon"'ay Of reserve lure Invssbnerde Purchased M a pramhrm used tO ofisat hdarest 11001 :Column E-City Cestmow 7 Errpaddlnpu for 1 µ&lfora•able OD 7 ti000pp Loan b offend RP7TF v4mholddng of LMIHF DDR MUM) n9atbM Nd4uaf 4339f 3945947 Amount Nbb BtMfortlte RPTiF.S*4 snote'tle b ooMRs L add O In 1ha Cahnnn E-paymam Of$1.500.000 LMTHF DDR 4 R4brdent aAvalhble Cash Bolonp .757 494 1 emoum In Pau Of ROPS 73.148 N11nneMinp ere Note ew 1M RPTfF Wield Ni) 15f000 3WDO0a2 $8e67,404 OFA DDR emeun 4mouM NdoPrH any hnMnM Ure�rahPSNn a reserves aev6ls 13.1 3 754 Column G-S7,340 NP M 1201 approved In 6 ROPS 13.14A R"Prior Period AdJr Mwd . . 7340 ROPS 73•f4A NobdMau RPTTF amount shoulder brathmn 8 In Ph•R.Wa -,. .:.::I: PPA& e 0 I#2 2.4enle (14 Bat-4ee 245577 cma.n.2.a.4);He(t.:.3-a.al Ps 1 s6 S ! "mum4.9enon4 7 .PBgA la nB.W4»fA<bfal al Po4) MM11 O.446.F.H4♦F4+Fa.andH•64e) a Mwnusaneame(6tenu1e 06AW14) 3 S4 - = e43 2n an /lofrfiw the PYRE emwnn ebould tle to Me RODS 13.14B dletrmutlon e. EspndW f 13.7aEadeou l• 4 15000. 4402543 j Obligation(Esllmsb CUM14 Cefumn G-$7.340 MP as iN3l;Cdumm H- Indudes $1,801,017 Reserve for ROPE W SA gnat service end PMPmy axes Per Cal L on 10 RsbrdtlosaAVMbq•Cgn Batune•(Eetlmab gN70M41) 73a0 4 543 ROPS den j Non OW the RPTTF afncenb nw Include tho rehaUon of rses.,a,10r Column G-Rdmbmb General Fund Ad"ncea debt arvke approved M RODS 13.148 to Pry far LRPMP and Deposition Coate rid hdudnd In ROPS 13.14A or 8;Col mm H- Retain$245,577 PPA from ROPE 13.14A for 14- 11 - pp Ag1M. ..4pn Bata(7•a -ems 3X0,764 245577 15AEO 142i e J i Mi,1AM>typypMyKflWieM4eRM hMr MI•Y " tarMIMV•,�11�yRyy^Ygh4 �tP )p ��MMI„Pft,P�Alryq a947 udlen lltel�p •lalAlP�IgTlxTnlfYld Mu•elnblM/�:RYluY•m IIBL' RkWedb 1t M rllbpaMyW Mend rtora te-ti1(A•,•R•®h Decbngl mla�wilea.wba6~iIMMM'e {IMMY�md ROP81Y mW YYW erYYW Rn•ry WPWeemrr•eMp *ft ROPe lltlR• • • • R • Me1MMRR�wmYR110C Mmen N1•pfelYwewWwmYMprYl nem �lME.'RgWb • O � ! R l Y Y • r • xrnn RAYRee R e 1 NMMYyi M1Yw•YYIy. 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I a I ! 1 t Ilb �• •� p MaTnwnr. l t oop f �MRO I a mAl 1 1 w Recognized Obligation Payment Schedule 14-16A -Notes Notos/comments itemJu 1,2014 throe December 31,2014 # 1 2 3 4 Received FOE,on January 2;2014; Repayment schedule to be submitted to Oversight Board for approval during 13 148 5 Received FOC On January 2,2014; Repayment schedule 6 to be subm tted to Oversight Board for approval during 13 14B Amount in Bond Proceeds Column represents surplus on deposit with Trustee to be a lied to Se tember 1 201a 7 PPA for 14-15A PP P payment,will be accounted for in Column C on the 8 9 10 11 12 13 Final Pa menYon July 31,2014 14 15 16 17 18 Amounf in Bond Proceeds Column represents surplus on deposit wRh Trustee to be applied to September 1 2014 a 19 PPA for 14-15A p yment,will be accounted for in Column C on the 20 21 22 — 23 24 — 25 Amount in Bond Proceeds Column represents surplus on deposit wtth Trustee to be applied to August 1 2014 payment,will be accounted for in C 26 PPA for 14-i5A olumn C on the 27 28 29 30 31 32 33 — - Recognized obligation Payment Schedule 14-15A - Notes Ju 1,2014 thro h December 31,2014 Rom# .NOtwcomments. 34 Received F C on January 2,2014;To be submitted to Oversi ht Board for ap royal during 13 14B 35 Received FOC on tanua 2,2014; To be submitted to Oversight Board fora approval during 13-14B 37 Received FOC on January 2,2011,To be submitted to Oversight Board for approval during 13-146 _ 37 Received FOC on Janua 2,2014; To be submitted to Oversight Board for approval during 93 146 -- -- 38 Received FOC on January 2,2014; To be submitted to Oversight Board for approval during 13-148 39 Received FOC on January2,20141 To be submitted to Oversight Boarit for approval during 13-148 40 Race ived FOC on January 2;2014 To be submitted to Oversight Board for approval during 1,- 41 Received FOC on January 2,2074 To be submttted to Oversight Board fora _ 42 This line item will be used in R PS B periods for debt service reserve uestabovel BOPS B aact al debt service 43 ThIS line item will be used in BOPS B periods for debt service reserve fequest above ROPS B act 44 This.line item wail be used in ROPS B periods fordebt service re!: ual debt serviceerve request above BOPS B actual debt service 45 Thlsline item will be used in RO S 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 This 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 BOPS 13-14B 49 This Ilse item be used in ROPS Aperiods for April installmem w be Paid with December installment 50 Agert requested December installment of props tax m ROPS 13 146 51 This line item be used in ROPS A periods for April installment to be paid with December installment 52 53 54 55 58 57 58 Approved by Oversight Board December 16,2013;Applied to DDR in lieu of RPTTF withholding in ROPS 13-14B 59 Approved yj Oversight Board December 1t3,2013 60 UlCyadvanced funds between 7/1 and 12131/13 to complete PMP since lundin wasn't inGuded in ROPS 13-14A 101