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Home My WebLink About9/18/2013 - STAFF REPORTS - 2.N. PALM Sp �O 4� Z c V N w, r .0 oaN�P City Council Staff Report o4<�fi DATE: September 18, 2013 CONSENT CALENDAR SUBJECT: Approval and Transmittal of Recognized Obligations Payment Schedule (ROPS 13-14B) for the Period of January 1, 2014 through June 30, 2014, Pursuant to Section 34169(g)(1) of California Health & Safety Code FROM: David H. Ready, City Manager BY: Community & Economic Development Department SUMMARY: Under the Redevelopment Dissolution Act (AB X1 26), the Successor Agency is required to approve a Recognized Obligation Payment Schedule (ROPS) every six months and submit to the County Auditor-Controller, the State Department of Finance, and the State Controller's Office. After review and approval by the City Council as the Successor Agency, the ROPS must be approved by the Oversight Board created and appointed under Section 34179 of the Health & Safety Code. This schedule covers the period from January 1, 2014 to June 30, 2014. The ROPS will be presented to Oversight Board on September 24, 2013 and submitted to the Department of Finance and County Auditor-Controller prior to the deadline of October 1, 2013. RECOMMENDATION: Adopt Resolution No. , "A RESOLUTION OF CITY COUNCIL OF THE CITY OF PALM SPRINGS, CALIFORNIA, ACTING SOLELY IN ITS CAPACITY AS SUCCESSOR AGENCY TO THE PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY APPROVING THE RECOGNIZED OBLIGATIONS PAYMENT SCHEDULE (ROPS 13-14B) FOR THE PERIOD OF JANUARY 1, 2014 THROUGH JUNE 30, 2014, PURSUANT TO SECTION 34169(g)(1) OF CALIFORNIA HEALTH & SAFETY CODE" BACKGROUND: The ROPS is the document used to determine the amount of the previously-called tax increment the Successor Agency will be allowed to retain on a six month basis, as well as the amount of the Successor Agency's allowable administrative budget. A new ROPS must be adopted for each successive six-month fiscal period. ITEM NO. Successor Agency Staff Report Recognized Obligations Payment Schedule 13-14B September 18, 2013 Page 12 The form of the ROPS is prescribed by the State Department of Finance and used by the Riverside County Auditor-Controller's Office. Over the past two years, the Successor Agency and Oversight Board have approved the ROPS for each upcoming six month period, which then are submitted to the Department of Finance for review and approval. ohn Ra o Director of Community David H. Ready, & Econo is D elopment Attachments: 1. Resolution 2. Recognized Obligation Payment Schedule (ROPS) (Exhibit "A" to the Resolution) 02 RESOLUTION NO. A RESOLUTION OF CITY COUNCIL OF THE CITY OF PALM SPRINGS, CALIFORNIA, ACTING SOLELY IN ITS CAPACITY AS SUCCESSOR AGENCY TO THE PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY APPROVING THE RECOGNIZED OBLIGATIONS PAYMENT SCHEDULE (ROPS 13-14B) FOR THE PERIOD OF JANUARY 1, 2014 THROUGH JUNE 30, 2014, PURSUANT TO SECTION 34169(g)(1) OF CALIFORNIA HEALTH & SAFETY CODE WHEREAS, the City Council of the City of Palm Springs ("Council") and the Agency Board of the Palm Springs Community Redevelopment Agency ("Agency") approved and adopted the Amended and Restated Redevelopment Plans for the Merged Project Areas No. 1 and No. 2 ("Redevelopment Plan") covering properties within the Agency (the "Project Areas"); and WHEREAS, since the dates of adoption of the Redevelopment Plan, the Agency undertook redevelopment projects in the Project Area to eliminate blight, to improve public facilities and infrastructure, to renovate and construct affordable housing, and to enter into partnerships with private industries to create jobs and expand the local economy; and WHEREAS, as part of the 2011-12 State budget bill, the California Legislature enacted and the Governor signed AB X1 26, requiring that each redevelopment agency be dissolved unless the community that created it enacts a resolution committing it to making certain payments; and WHEREAS, on December 29, 2011, the California Supreme Court upheld AB X1 26, which dissolves all of the redevelopment agencies in the State of California, and struck down AB1X 27; and NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Palm Springs, acting solely in its capacity as the Successor Agency of the Community Redevelopment Agency of the City of Palm Springs, 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 13-14B) for the period of January 1, 2014 through June 30, 2014, attached to this Resolution as Exhibit A, is hereby approved. Section 3. The City Manager 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 Recognized Obligations Payment Schedule 13-14B 03 September 18, 2013 Page 11 the County Auditor-Controller, the State Controller and the State Department of Finance. Section 4. In retaining the responsibilities of the Palm Springs Community Redevelopment Agency as provided in California Health and Safety Code Sections 34173 and 34176, the City Council expressly determines, 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 1X 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. Section 5. This Resolution shall take effect three days from adoption. 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 18TH DAY OF SEPTEMBER, 2013. DAVID H. READY ATTEST: CITY MANAGER JAMES 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, California, hereby certify that Resolution No. was adopted by the Palm Springs City Council at a regular meeting held on the 18th of September, 2013, and that the same was adopted by the following vote: AYES: NOES: ABSENT: ABSTAIN: JAMES THOMPSON CITY CLERK Recognized Obligations Payment Schedule 13-14B 04 September 18,2013 Page 12 Recognized Obligation Payment Schedule(ROPS 13-14B)-Summary Filed for the January 1,2014 through June 30,2014 Pared Name of Successor Agency: Palm Springs Name of County: Riverside Current Period Requested Funding for Outstanding Debt or Obligation Six-Month Total Enforceable Obligations Funded with Non-Redevelopment Property Tax Trust Fund(RPTTF)Funding A Sources(B+C+D): $ 18,000 B Bond Proceeds Funding(BOPS Detail) C Reserve Balance Funding(ROPS Detail) - D Other Funding(ROPS Detail) 18000 E Enforceable Obligations Funded with RPTTF Funding(FAG): $ 4,402,543 F Non-Administrative Costs CROPS Detail) 4,277.M3 G Administrative Costs(ROPS Detail) 125,000 H Current Period Enforceable Obligations(A«E): $ 4,420,543 Successor Agency Self-Reported Prior Period Adjustment to Current Period RPTTF Requested Funding I Enforceable Obligations funded with RPTTF(E): 4,402,543 J Less Prior Period Adjustment(Report of Pdor Period Adjustments Column U) (30.147) K Adjusted Current Period RPTTF Requested Funding(IJ) $ 4,372,396 County Auditor Controller Reported Prior Period Adjustment to Current Period RPTTF Requested Funding L Enforceable Obligations funded with RPTTF(E): 4,402,543 M Less Prior Period Adjustment(Report of Prot Period Adjustments Column AS) N Adjusted Current Period RPTTF Requested Funding(L-M) 4,402,543 Certification of Oversight Board!Chairman Pursuant to Section 34177(m)of the Health and Safety code,I hereby certify that the above is a hue and accurate Recognized Obligation Name Title Payment Schedule for the above named agency. sr Signature Date Recognized Obligation Payment Schedule(ROPS)13-14B-Report of Fund Balances (Report Amounts in Whole Dollars) Pursuant to Health and Safety Cade sector 34177(I),Redevelopment Property Tax Trust Fund(RPTTF)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 enforceable obligation. A B C D E F G H J K Fund Sources Bond Proceeds Reserve Belanee Otitar RPTTF Reviewbalances retained for Bonds lead Bohas Issued approved RPTTF balances Rent, an or before on or after enforceable retained for bond Grants, Fund Balance Information b ROPS Period 12/J1H0 01101111 obligations reserves Interest,Eta Nan-Admin Atlmin Total Comments ROPS III Acbaals 01101113-6/30113 S99,692 frem ROPS II Adjustment for Unspent RPTTF credited against Me amount paid to Me Successor Agency for Approved EO in ROPS 1 14A;Bond Proceeds excludes cash with fiscal Beginning Available Fund Balance(Actual 01101113) agent set aside in Debt Service Reserve Fund; Note that for the RPTTF,1+2 should he to columns L and 0 in the Balances also exclude amounts to be paid 1 Report of Pdor Period Adjustments PPAa) 99,692 t Revenuelfneome(Actual 06/30H3)Nate Nat Me RPTTF amounts - i >K 69J rsuant to DDR letter dated Ju 26,2073 Mould Be to Me ROPS III distributions from the County Auditor- 2 Controller 5 4,402,013 125,000 If 4,527,018 Expenditures for ROPS III Enforceable Obligations(Actual 06130113)Note that for Me RPTTF,3+4 should tie to columns N 3 and S in the Report of PPAs q,371,866 125,000 i4.496.1166 Retention of Available Fund Balance(Actual MUM1113)NON that Me Non-Atlmin RPTTF amount should only include Me retention of 4 reserves for debt service approved in ROPS III $ ROPS III RPTTF Prior Period Adjustment Note Nat the net Non- Admin and Atlmin RPTTF amounts should be to columns O and T it No entry required 6 Me Report of PPAa. 30,147 - 6 30,147 6 Ending Actual Available Fund Balance 1+2-3.4.5 s - $ - 6 - s 9,7,92 6 8 S - $ - S 99,698 ROPS 13-14A Estimate 07101113-12131113 Beginning Available Fund Balance(Actual 07101113)(C,D,E, ] G,and 1=4-6,F=H4+F6,and H=5+6) 6 - $ - $ - $ 99,692 s 6 j - S - 6 99,698 Revenuellncome(Estimate 12131113) Note that Me RPTTF amounts should tie to Me BOPS 13.14A 2007 Bond Proceeds-Clawback of$1.021,812 8 distributions from Me County Auditor-Controller 1,021,812 39,000 3620.947 125,000 $ 5,008-T59 rDDR letter of July26,2013 Underestimated payment to VIP Motors in ROPS 111 ,estimated Expenditures for 1344A Enforceable Obligations ino case IOnPEO for 13-14A ltvdB useem )ONer Income 9 Estimate 12/31/13 99,692 39,000 3,820.947 125,000 $ 4,084,639 Balance (original EO total E4,045.639 Retention of Available Fund Balance(Estlmale 1W31113) Note Nat Me RPTTF amounts may include the retention of reserve 2007 Bond Proceeds reserved for future 10 for debt service approved in ROPS 13-14A 1,021,812 $ 1,021,812 lexpenditure pending Finding of Completion it jEndInq Estimated Available Fund Balance J7.8-9-10 S - $ - S - S - 6 6 6 - $ - $ 6 uh Recognieed Obligation Payment Schedule(ROPS)I 14B-ROPS Oefall January 1,M14 through June 30,W14 (Repot Ann.MW Oo6an) A B C 0 E F O N I J K L Y N O P F.ndko,Sx ce Nw .drMpment PoWurWT.TutFund on-Ft RPTTF CwAeoVAPttmml ContradlAPxment Tde1 CuNGm4p Nam• R'dName l D.1 Ohl Ban OMi Boni a EaeaMn Oda Termnanon pate Pe a pxgl -APlo ct Pm etOrea OeMm Obloban Retied BonlRocxda Remrve Btlenoe ONer Funb NamMmin Admn 9i.-MoMM1 Total S 133932503 - $ - S ls,m S ]]SA3 S 125000 S 1420513 120M Tar AA RenNing Bxd timed Onm I6ROol 911/1031 Bank of New Tak M9on Refnww l9W Tex NouBx Bxd Merye01 IS.W8,M3 N MMS S M3.509 Bmtle Sdx A Satire 1NJ1/10 T.. 2200]Tax NouSan BOMr,SenecA Bmtle issued On W1flR007 911120N 9enlol New Twk Melon Cyild Rojecd MerOedl 23,112325 N 309813 S 3o9b13 Bebre121I1/10 Twat Bank ] 20m Taxebk Tax PlxeBm Bantle, mfora1 uedttiw W1N300] M1Y1p31 Bang of Newyork Mellon Raperly AcyNNm McrOedl 3,%1]I5 N 55Ba] $ SBM7 Sadx B BeKK,,121J1110 T.at a SEW Loam SEF P ERAF 4RN2o10 B90(lo3] Palo Spmga Hwrsin, Loam M FT 2(N9110 ant 2010/11 Mer9M 1 9,055,879 N S Su.- SERAF P . pcN 5 Hmwg nYep Ram yent M m s.elt- uc 111/1996 WMQ037 ft.5pno,HouanO Prc-19B6 bet Mid.Dekml mer ad1 1,532,669 N j Successor 6 2004 Coneentlm Cared Bom Rnenue Bantle WW2,a)] 11/112ON Gil of Pelm Sprnm A or Conblwlbn to Cornwndon Merpal1 27,950,000 N 6mdead 650000 Issued On or SeWo Cenly E.pnann 1201110 ] C ded Sxuiwa-Fisndal Fxs 912 olo &30201e MM OCongny Merged I S.ONdas—AtaBn, Morld1 105.000 N a. S am 0 Cone Said.-ReNh Fs.s wano10 Bn3mil WIMxi FimnaM Semms Merged l BoM Rabda C hang Mxpedl 25,000 N 2,000 S 2,000 Calculation Services 9 BaM TrvaNe Feet Fra wI,am liti oil Bank or New Ywk meao, Mergedl Bo T...Fen Mx¢d1 150500 M.1 10 USpoelbnend Oewlopment RxxQedan lVfinO05 MIA2113 EMure lmeednxda Rnwdd MaNbnn(Remediatton) Mer,dl T S 11 Uapoatpn and Development &nir,eu lnwndve 12/YN05 Wimn Endure lmeelmeMe RmntlM AaaHMx(10Yev) Mar l 1,120,00o N _ S m[ eon 120encr Paltldpatlon A eemmt &mine.inwn�ae 1119MM mmoi8 U M FMNMM axeNdnee Marred Boom N p0,000 S ppop3 x4 13 PevSCH Ju nxfd W edon 1282012 ](IM1A Pedfic He Ju menl.Determined Court Wood d1 BW 52 N timi'm S spy pm iS 2001 Tax Nocadon RaNMng BondsIwed Off of IN2001 Wind. Bmkof New Ydk Mr. ReSnance 11.1.Alomdon Bantle MegM2 12,038.15] N (JI,120 S 20],128 Bond..ran.a eefwe imillo Tmat 15 2007TWuable Tax Olxadon Bentl4 Bmtl 1—d Onw M1N207 9/mu Bankof ,New Ydk Mellon RryeM AcpiaKon McWd2 li'mo11 N 189$83 3 189,26] sxi..c eetwe 12nv1B Man 10 fteeneat for Rel rsemed Misulaneoa 1:61,2006 ] C of pakn PBL-236 U..e Mered2 31]40] N 3 1] 2001CmvenRon Cemx Bmde Re...Bond 0/011007 11/1RWe LMy of Pekn SpnnR Adanry ContiBudm to C nxentlon ..Wd2 5,450,0W N 15o,W0 3 150,000 I.."On w BNwe Center Expenebn 1201110 18 CmtraM SeMcee-FlndldM Fex 9/222010 &ICIM(11 Hand S C.mmnY Merged 2 Bond Dsclosurt Mayp Wrad 105.M N /,OpO $ arm on 19 Cmtrad Services-MBMe Fex L4nG10 6AO1104 IMINW..Finxoal Sxuiox Meryed 2 Bond Rue Oale Comddn0 Mergetl2 MNO N 2,000 $ 2M CMaNGm Be,dws 20 Bond Trustee F. Fees BNB(200a IIMMO3a Bankof New Ywk Melon Merged 2 Bond Tmatx Fact Merged2 -IOU No N $ _ Tmat 21 MI Housing Tax Naptlm Bmd Bond l.uad Onw 7I31R001 B'inul Bankof NewYMWe FF-M n.1991 Houan9 Tax Mergedll Meryed2 3,720,721 N ]SA10 f ]0,915 Befine 12/31110 Toed Plocdon Bond 23 COntred Semus-Fimndal Fees 9R111010 NJ02014 Hanna 0ComwM Motown,Bond Disclosure lRulng MwMdl/Merped2 13.500 N 1,500 - $ 1,500 Atlenws 23 extract Sents.-Rabste Fees WNI0 NJ 14 Wildman Financial SeMws Housing,Bond Ran.LnmIM9 Mxgdll M.,Wd2 5,000 N $ j CakJetlm yxylces df a Rmognixetl Obligation Payment S ands le(ROPS)1b14R-ROPS Det dl January 1,2014 through June 30,2014 (AePOn Amours an Made Mam) A B O 0 E F 0 H I J K L M M O P Funding Soum Noa.R pneM ProO T.T.Wnd IUMF CmbeWppeemeM CwNeW(preemenl Total OWlnd, Xemi Pro dName/Gehl C4F aeon C 'nT EnewOon DMe Termination Dele P e Pr' Me Oebla Re1980 Bnd Pnmwms Rawm BMenw O Fnda NatgEnil AdmanSM-Monty Total 24 Bntl Trwlee Faes Fees 8/WOM 1111=34 Bank 0 Na.Yak M,M- Housia Banda Tnabe Few Mape01/MerW2 17500 N _ 3 Trull n Cnbad Swm;es-Neil Mmm Costs Y52010 WD2014 Lance 5M 6 Lur wd f MBervina WrgadllMa tl2 330000 N 10000 100M M CmOed Sallee-Le I Leel 1I122005 y0W014 ohu0 edn G-..ILWWCw.d Wreecill Meread2 100.00o N $000 $ 5000 2T Ccnhecl$nnws-Fimnuel Mrnn Loeb TI1N1W8 N30IA1{ HartM3Collpalry ROP8 ComJtinp Mer¢E11 Mape02 100,000 N I'M 5 3,000 X Cw av0ue w,wrl PErm Cmh 711RO13 N3M011 Cryo1PMm 11 meuranw Mar adl/tow tl2 Y $ _ 29 Cao ltm n emt Pdmin Coab TI12013 &3NS01{ Opal. Buid Rnbl Mer eEI1Mer tl2 Y 1 $ 30 COo .w. ml Ad.m C. T112013 MM014 o1Pdm n SWwas and Beft eR er tl Mer.dl/M2 Y 3 31 Cwtred Seniween-CmwnnO Profession) 1)1/ 09 MM13 Camel Command, Domrmam Caredtlng Merged) - Y $ Sanwa Consupn 32 Laesel5udeese APeement Buenas lnwntiw 11192000 B'30Qo18 NP Mahn PmpeM La— Mended 2,9T0,000 N 3 _ rp 33 Atlmimwflve Cost Ahwnoe Acrw Cwb 7112013 WOU014 C MPYmB Oealaed CO mladrnSala as M ed1/Mer d2 5125000 N 125000 125000 U Loan Ctdl my Lwna 5611918 l"IM035 Palm 9p 1Holwing Lon to Merged PmlM W.1 Meryedt ){,]18 N $ - OnaBemw.111 $u[wwa 35 APeemnl M RawimaemeM Qnl'Ca Loam 1WIM991 11/12035 Clry of Palm S", amen Cwb M.Wd1 413,500 N 3 On or BemreB 7111 Ng.u.a rFund 38 Apeement M Rei,Munem mt Clin a ryLoam IMM991 11/120M CPy of Palm Sp-, Pmbd Cosh M."d2 413,500 N 3 On a Belle 627/11 NgMe.e Fund 37 AW--.fx ReinWnement CM//C !-dwe 1993 tl/ln035 CNy of Palm Saw, Pmpaal Cash Meryed2 1W,000 N 3 On a Brba 6RT111 Wa..r Fund 33 Gly Low and IMerwt CBylCa.my Loner WIWGII 11/12 5 City of Palm SgirP OprNrq eMMminhtralNe C. M.,d 1 1.M3,913 N $ On or Bete 62TN 1 For FY 2011-12 39 Coy Lon ell Inheres) CilylC Uu Loom WShod 11I12035 City of Palm Bpirgo Opsemq all AaminitreMe Cwh MerW2 003 MO N S LToBefae 6fYll11 For FY 2011-12 0 Cit LoneM Inca—t CFy/A"Lank 611N011 11112005 City of Pew Spdnp OWatln9 all Ad in4W. Caeb W.,alI—Ma aad2 2.132,{.Wl N $ On or Bebre 62T111 Fw FY 2010.11 41 Areemwt la RdlrEunrnl CilyM.angLoars 12RI200B 11112035 C OfPew Bprnps prepay PoNn d PSL 238 Manuel 1MO.M2 N 3 On a Belle 027I11 Susbndmkly Fumd {22CM Tax A3aatin R.intlinp R--as 51162001 N120.34 Bank of New Yak McRom Redman..19%T.01ocatian BenN Mxpedl 599,153 N 566,133 $ 566,in Sande San-A Trust U 2WIT TaxAlaatin Bon,h,$aiesA Rwavw 9I1MWT 9/1203a Bent of New Y.Men CopanD0 Pml Masd1 185.708 N 1760 s 105,M0 Trust N 3WITTsaahk Taz Abwlnn BOMB, Ream.. 01184003 &1(1033 Bent of New YaY Mebn PmpMygryllisiEon Mergdl 35.188 N 35,188 f 35.138 Senee B Tnw 45 2OM Tee NmMn..ni,p ka. d10400a W1. BenYol New Yat Mellon Rename 19%TUl Gabon l3wd Mu,d2 204$77 N 2N$Ti S Ua$TT Bode.S..B TmSt Q OD Recognitttl Obligation Payment ScheCUle(ROPE)1S1e3-ROPS Detall January 1,3M6 through June M,2014 plaPal PrrwMs n bMwla DAlwa) A B c p F F O H I J N L M N O P Funding Source NwNletlerMopeeM RopeM1y Taa TnW Wntl NmAPI-IF RpTTF CmbaNPgeement Cw,tr Anabon men[ TWI Oubevaden 11emi Pro cable Te/OeMCbf Nm T U.D. Tttminetlan Dam Pa ye. pevn -onTro RopedNo peMwO Nm ReVep Bond Ro¢etlF Reserve Balanw fMM1er FunJe Nw,-AEni� Mmn Six-Molts TMM H 3007Taxable im PbuEon Bonds, Reewea 911BRW] &12031 Bank of New Ywk Mel, PropeM AcyieNm Mer¢tl3 Y19,558 N Z19,568 S M.558 Senn C e] 2001 Houin NwmmW 9 Tax oE B ReamedReamed ]OIR881 NIR021 Bank of New Yak MNm ReNarce 1991 Houan9 Tax Mer9etl11 Mtt¢tl3 395,351 N 335.351 $ 185.351 11uM Allocated M e m ReP°M Tex-fak6 Ilene ]/1( 1] B]R019 R M Taxes s m AYwvy M ls,tl kr¢tll J9,IW N 15,100 i 31,,7 W88 M..unn Ps PMP 19 PM Teea68oM Rervee 111R11 1L1O11 co"of Rhwitle Rb laDtt3Ylllmblrtndof AMgeAt La9 N I!00 No R", 0 Taxm SO Ro Ropttry Tv-p$L 33a Roperly ROPMF ]I1R811 0283J Cwm1F Ol Riegaitle Rents m Taxn RapeM D^tlar Mer¢Et 368.OW N 9,1tl0 i 9,100 MelMemnce PSL 238 ben 51 Roped,Tax 296 Rap" Renwn 111R819 13118R814 L R. ofumly Rhweitle Reerve b Dec 3814 1n MNe of Mer9M2 e,WO N I1t.fi10901 1I1!a8 Pr— Pr a T. An, 0 53 PYn Tneahe-Irttvnw y a L m¢ vame on Alen,Held PmpeM MeryMl 60U N M.,nIerc 1 Wntln PMP 53 Pleze TNnbe-ALFtemno Prupwry 111RP14 1e Diy of PeLn SqF¢ wnenu Coal son Apeno/MeN MeryM1 lam J199 3 a.,e99 MM Pre nlenauce F PnWnu PMP 51 Plane e- alNq w Pr� 1/ROIe bIYN81a To be tlenrmnJ ESBmem nRmweN Pyenry Held MlpMl JSO,Wp N Rn—den M..n S - Propert,Pm PMP 55 RApM N.,pcelmsl/1291a 63O2819 To be tlemrmne PtlmA,enq H dRopeM MCIM1 M,B N Pending 3 - PMP % RezeTMetre-UMIYes RApeM 1/1281e BMRp1e Desert Water n Pnd A,,Alen,MeN RopeM Ma9e01 5,06p N 1,a80 $ f,m9 M.— Penal PMP 57 Rue FPeabrreM Lesw R ]I3NlOW Sg1R018 Maine I... Lease Al PropwlF adjera,[m Rsu Mer¢E1 aJ,w N wnden MrMre e,aoo 3 able rce Tbeabe oats la erase 3 3 S 3 $ i S S S - f 3 f S S i f S S S S S S 0 Recognized Obligation Payment Schedule 13.14B-Notes January 1,2014 through June 30,2014 Itemll Notes/Comments 1 March 1,2014 Payment 2 March 1,2014 Payment 3 March 1,2014 Payment 4 Pending reinstatement once Finding of Completion is received;end data=end of redevelopment plans(or until paid) 5 Pending reinstatement once Finding of Completion is received;end data=end of redevelopment plans(or until paid) 6 7 Contract for services renews each year/required through 2034 B Contract for services renews each year/required through 2034 9 Annual payments made In ROPS"A'period 10 11 Annual payments made in ROPS'A'period 12 13 Scheduled payment of$400,000 plus$99,000 remaining unpaid from ROPS 13-14A due to shortfall in RPTTF cash 14 March 1,2014 Payment 15 March t,2014 Payment 16 Annual payments made in ROPS"A'period 17 18 Contract for services renews each year/required through 20M 19 Contract for services renews each year/required through 2034 20 Annual payments made in ROPS"A"period 21 February 1.2014 Payment 22 Contract for services renews each year/required through 20M 23 Contract for services renews each yearf required through 20M 24 Annual payments made in ROPS RA*period 25 Contract for services renews each year 26 Contract for services renews each year 27 Contract for services renews each year 28 29 30 31 32 33 3a Pending reinstatement once Finding of Completion is received:end data=end of redevelopment plans(or until paid) 35 Pending reinstatement once Finding of Completion is received:and data=end of redevelopment plans(or until paid) 36 Pending reinstatement once Finding of Completion is r ceived;end data=end of redevelopment plans(or until paid) 37 Pending reinstatement once Finding of Completion is received;end data=end of redevelopment plans(or until paid) 38 Pending reinstatement once Finding of Completion is received;end data=end of redevelopment plans(or until paid) 39 Pending reinstatement once Finding of Completion is received;end date=end of redevelopment plans(or unfit paid) 40 Pending reinstatement once Finding of Completion is received;end elate=end of redevelopment plans(or until paid) 41 Pending reinstatement once Finding of Completion is received;end date=end of redevelopment plans(or unfit paid) 42 Reserve for September 1,2014 Debt service. To be remitted to the Trustee immediately to comply with Indenture but allow Successor Agency not to default on subordinate obligations.Balance of September 1,2014 Debt Service will be included in ROPS I415A;NAI be shown as paid from 'reserve"on ROPS 14-15A 43 Reserve for September 1,2014 Debt service. To be remitted to the Trustee immediately to comply will,Indenture but allow Successor Agency not to default on subordinate obligations.Balance of September 1,2014 Debt Service will be included in POPS I415A;Vvill be shown as paid from "reserve"on ROPS 14-15A 46 Reserve for September 1,2014 Debt service. To be remitted to the Trustee immediately to comply with Indenture but allow Successor Agency not to default on subordinate obligations.Balance of September 1,2014 Debt Service will be included In RO PS 14-15A;Wit be shown as paid from "reserve"on ROPS 14-15A 45 Reserve for September 1,2014 Debt service. To he remitted to the Trustee immediately to comply will,Indenture but allow Successor Agency not to default on subordinate obligations.Balance of September 1,2014 Debt Service will be included In ROPS 14-15A;yMll be shown as paid from "reserve"on ROPS 14-15A Recognized Obligation Payment Schedule 13-14B-Notes January 1,2014 through June 30,2014 Item# NotesfCommerrts 46 Reserve for September 1.2014 Debt service. To be remitted to Me Trustee immediately to comply voth Indenture but allow Successor Agency not to default on subordinate obligations.Balance of September 1,2014 Debt Service Wil be included in ROPS 1415A;VAII be shown as paid from "reserve"of BOPS 14-15A 47 Reserve for August 1,2014 Debt service. To be remitted to the Trustee immediately to comply with Indenture but allow Successor Agency not to default on subordinate obligations.Balance of August 1,2014 Debt Service will be included in ROPS 14-15A;Vdll be shown as paid from 'reserve"on ROPS 141SA 48 Delinquent accrued property tax due on property transferred back to Successor Agency per DDR plus current year property tax 49 Dec 2014 installment to avoid 10%delinquent penalty If not paid by Dec 10,2014 50 Current year property tax on PSL-236 properties(ROPS item 16) 51 Dec 2014 installment to avoid 10%delinquent penalty it not paid by Dec 10,2014 52 Property insurance costs paid by the City for property transferred back to the Successor Agency per DDR 53 Facillbes maintenance costs paid by the City for property transferred back to the Successor Agency per DDR 54 Pending Finding of Completion and PMP 55 Pending Finding of Completion and PMP 56 Utilities for property transferred back to the Successor Agency per DDR 57 ExIstlng lease of adjacent property required by Plaza Theatre(property transferred back to Me Successor Agency per DDR)for access 1'r a� We ,�. __. ayb— is imi ro w