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Home My WebLink AboutSuccessor Agency - 2013-03 0001RESOLUTION NO 2013- 03 A RESOLUTION OF THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE PERIOD JANUARY 1, 2014 - JUNE 30, 2014 ("ROPS 13-1413") WHEREAS, pursuant to AB xl 26 (as amended by AB 1484, the "Dissolution Act"), the separate legal entity known as Successor Agency to the Redevelopment Agency of the City of Huntington Beach ("Successor Agency") must prepare "Recognized Obligation Payment Schedules" ("ROPS") that enumerate the enforceable obligations and expenses of the Successor Agency for each successive six-month fiscal period until the wind down and disposition of assets of the former Redevelopment Agency of the City of Huntington Beach, and The Successor Agency staff has prepared a ROPS for the six-month fiscal period commencing on January 1, 2014 and continuing through June 30, 2014 ("ROPS 13-14B") which is attached hereto as Exhibit A, and After reviewing ROPS 13-14B presented to and recommended for approval by Successor Agency staff, and after reviewing any written and oral comments from the public relating thereto, the Successor Agency Board desires to approve the ROPS 13-14B, and All of the prerequisites with respect to the approval of this Resolution have been met NOW, THEREFORE, the Successor Agency to the Redevelopment Agency of the City of Huntington Beach does hereby resolve as follows 1 The Successor Agency hereby finds and determines that the foregoing recitals are true and correct 2 The Successor Agency hereby approves ROPS 13-14B in the form presented to the Successor Agency and attached hereto as Exhibit A, and hereby determines that such agreements and obligations constitute "enforceable obligations" and "recognized obligations" for all purposes under the Dissolution Act 3 The Successor Agency authorizes and directs the Successor Agency staff to (1) take all actions necessary under the Dissolution Act to post ROPS 13-14B on the Successor Agency website once approved by the Oversight Board to the Successor Agency, (ii) transmit ROPS 13-14B to the Auditor -Controller and the County Administrator of the County of Orange and to the State Controller and the State Department of Finance ("DOF"), and (iii) to do any and all things and to execute and deliver any and all documents which may be necessary or advisable in order to effectuate the purposes of this Resolution In addition, the Successor Agency authorizes and directs the Successor Agency staff to make such non -substantive revisions to ROPS 13-14B as may be necessary to submit ROPS 13-14B in any modified form required by DOF, and ROPS 13-14B as so modified shall thereupon constitute ROPS 13-14B as approved by the Successor Agency pursuant to this Resolution 13-3914/101076 Successor Agency Resolution No 2013- 03 4 The Successor Agency authorizes the Executive Director, or designee, to make such non -substantive changes and amendments to ROPS 13-14B as may be approved by the Executive Director of the Successor Agency and its legal counsel, and ROPS 13-14B as so modified shall thereupon constitute ROPS 13-14B as approved by the Successor Agency pursuant to this Resolution 5 The Successor Agency does not intend, by adoption of this Resolution, to waive any constitutional, legal and/or equitable rights of the Successor Agency or the City of Huntington Beach under law and/or in equity by virtue of the adoption of this Resolution and actions approved and taken pursuant to this Resolution and, therefore, reserves all such rights of the Successor Agency and the City of Huntington Beach under law and/or in equity PASSED AND ADOPTED by the Successor Agency to the Redevelopment Agency of the City of Huntington Beach at a special meeting thereof held on the 16th day of September, 2013 REVIEWED AND APPROVED Director APPROVED AS TO FORM: gency ounsel 2 13-3914/101076 Successor Agency Resolution No 2013- 03 EXHIBIT A RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE PERIOD JANUARY 1, 2014 THROUGH JUNE 30, 2014 ("ROPS 13-1413") [behind this page] Recognized Obligation Payment Schedule (ROPS 13-14B( - Summary Filed for the January 1, 2014 through June 30, 2014 Period Name of Successor Agency: Huntington Beach Name of County: Orange Current Period Requested Funding for Outstanding Debtor Obligation Six -Month Total Enforceable Obligations Funded with Non -Redevelopment Property Tax Trust Fund (RPTTF) Funding A Sources (BeCaD): $ 991,929 B Bond Proceeds Funding (ROPS Detail) - C Reserve Balance Funding (ROPS Detail) 404,419 D Other Funding CROPS Detail) 587,510 E Enforceable Obligations Funded with RPTTF Funding (F+G): $ 7,887,636 F Non -Administrative Costs (ROPS Detail) 7,637,535 G Administrative Costs (ROPS Detail) 250,000 H Current Period Enforceable Obligations (A+E): S 8,879,464 Successor Agency Self -Reported Prior Period Adjustment to Current Period RPTTF Requested Funding I Enforceable Obligations funded with RPTTF (E). 7,887,535 J Less Prior Period Adjustment (Report of Prior Period Adjustments Column U) (76,421) K Adjusted Current Period RPTTF Requested Funding (IJ) $ 7,811,114 County Auditor Controller Reported Prior Period Adjustment to Current Period RPTTF Requested Funding L Enforceable Obligations funded with RPTTF (E). 7,887.535 M Less Prior Perod Adjustment (Report of Prior Period Adjustments Column AS) N Adjusted Current Period RPTTF Requested Funding (L-M) 7,887,535 Certification of Oversight Board Chairman. Pursuant to Section 34177(m) of the Health and Safety code, I hereby certify that the above is a true and accurate Recognized Obligation Payment Schedule for the above named agency. /s/ Name Title Signature Date Recognized Obligation Payment Schedule (ROPE) 13-148 - Report of Fund Balances (Report Amounts in Whole Dollars) Pursuant to Heats and Safety Code section 34177(1), Redevelopment Property Tex Trust Fund (RPTTF) may be listed as a source of payment on the BOPS, but unity to the extent no other funding source is ova l,ble or when payment from property tax revenues is required by enforceable obligation, A B C D E F G H I J K Fund Houma. Bond Proexds Reserve Balance Otlter RPTTF Raviaw balances retained for Bonds Issued Bonds Issued approved RPTTF balances Rent, w before on w after enforceable retained for bond Grants, Fund Balance Information 0 ROPS Periodo 12 IMI) 01/01/11 obli abons Interest, Elc. .-Idmin Admin Told Commenla ROPS III Actual. 01I01113-6130119 Me. Beginning Available Fund (Actual Otro11/13) Note dudfor the RPTTF, 1 . 2 should be to columns L and 0 in the 1 Re rt o/ Prior Period Ad stmenh PPAs } Revenueancome (Acted OB/J0113)Note lad the RPTTF amounts should be to the ROPS III distributions from the County Auditor- s Controller 481,656 6708,286 304, 106 f 7,424048 Expenditures for ROPS IN Enforceable Obligations (Actual 06130113) Note that for the RPTTF, 3 . 4 should be to columns N J and S in the Re rt of PPAs 481.656 6,631,965 304,1 D6 f 7,417.627 Retention of Available Fund Balance (Actual 06130113)Note that the Non-Admin RPTTF amount should only incude the retention of 4 r es for debt service oved in ROPS III } ROPS III RPTTF Prior Period Adjustment Note that the net Non- Admin and Admin RPTTF amounts should be to cotumns O and T No entry required 6 m the Report of PPAs. 76 421 - f 76.421 6 EndingActual Available Fund Balance 1 s 2- 3-4 - 6 is - f - i f it ROPE 13-14A Estimate 07101113 - 12/31117 Beginning Available Fund Balance (Actual 07/01113) (C, D, E, G 7 and l = 4. 6, F - H4 . F6 andH . 6 s 6)It - f - f - i - f - i 76,421 1$ - f 76,421 RevenueAncome (Estimate 12131113) Note that the RPTTF amounts should be to me ROPS 13-14A 6 distribution f—the Coun Auditor -Controller 373,716 5.625.998 250,000 It 6,249,714 Expenditures for 1344A Enforceable Oblgatlons 9 Estimate iV 11131 3739716 5625998 250000 6 602493714 Retentlon of Available Fund Balance (Estimate 12/31113/ Note mat the RPTTF amounts may include the retention of t0 reserves for debt semce approved m ROPS 13-14A } 11 lEnding Estimated Available Fund Balance tr -a-9.10) it - i - f - i 76421 f - f 76421 Recognized Obligation Payment Schedule (ROPS ) 13-14B - ROPS Detail January 1, 2014 through June 30, 2014 (Report Amount— Whole Dollars) A B C D E F G H I J K L M N O P Funding Source Non -Redevelopment Property Tax Trust Fund NonRPTTF RPTTF Contract/Agreement Cont—VAgreement Total Outstanding Rem N Pro ect Name / Debt Obli lion Obk anon T Execubon Date Termination Date Pyea, Descri tion/Proect Scope Pro ect Area Debt or Obligation Retired Bond Proceeds Reserve Balance Other Funds Non-Admin Adrmn Srx-Month Total S 111,076,308 $ - $ 404419 S 587510 $ 7.637.535 S 250ODO S 8879404 1 Land Safe Emerald Cove City/County Loam 5/182009 101V2030 COHO Park A & D Fund Legally Binding Operative Agreement Merged 5,892,705 N S On or Before 627/11 Principal Amount - 57,740,834, Interest Rates 3.81%, Debt Incurred on May 18, 2009 2 Hyatt Regency Huntington Reach OPAfDDA/Comtru* 9/14/1998 9/302023 PCH Beach Resorts LLC Dispoefth and Development Merged 5 D40.392 N 734.079 $ 734.079 Project on Agreement approved on September 14, 1998 for the Waterfront Development 3 20D2 To Allocation Refunding Bonde Issued On or 6/192002 8/12024 Bank of New York Trust Co. Tax Allocation Bonds Debt Semce Merged 14,688,175 N 1 636038 $ 1,638.038 Bonds Before 12l31/lD Pa malls 4 1999 Tax Allocation Refunding Bonds Issued On or 1112/19N 8/12024 Bank of New York Tnnt Co. Tax mfion Bonds Debt Service Merged 6,729.658 N 747.364 $ 747,364 Bonds Before 12/31/10 Payments 5 2002 Tax Allocation Refunding Fees 11/172010 111l72013 Arbitage Compliance Tax Allocation Bonds arbitrage rebate Merged 500 N 500 $ 500 Bonds S dalrsI calculation - Federal IRS Com ance 6 1W9 Tax Allocation Refunding Fees 11/172010 11/172013 Arbitrage Compliance Tax Allocation Bonds arbitrage rebate Merged See N 500 $ 500 Bonds Sip. -Ind calculation-FederallRS Com is Ace 7 2002 Tax Allocation Refunding Bonds Issued On or 6/1g2002 8112016 Internal Revenue Service IRS Arbitrage Rebate Payment Merged - N - S Bond, Before 12/31/10 8 2002 Tax Allocation Refunding Bonds Issued On or 6/192002 8/12024 Bank of New York Melon Tax Allocation Bonds- Payment to Merged 1.537 N 1,537 $ 1.537 Bonds Before 12/31/10 Fiscal Agent 9 1999 Tax Allocation Refunding Bonds Issued On or V1211999 8/12024 Bank of New York Mellon Tax Allocation Bonds- Payment to Merged 848 N 848 S 948 Bonds Before 12/3V10 Fiscal Agent 10 2002 Tax Allocation Refunding Fees 7n2009 7l72014 Harrel & Company Preparation and fiing of Continuing Merged 250 N 250 $ 250 Bonds Advisors. LLC Disclosure Annual Reports and Material Event Notices 11 1999 Tax Allocation Refunding Fees 7/72009 722014 Harrel & Company Preparation and filing of Continuing Merged 1.525 N 1525 $ 1,525 Bonds Advisors. LLC Disclosure Annual Reports and Matenal Event Notices 12 Emerald Cove 2010 Series A Lease Bonds Issued On a 5/132010 9/12021 US Bank Emerald Cove 2010 Series A Lease Mergetl N $ - Revenue Refunding Bond, Before 12,31/10 Revenue Refunding Balls Debt Service Pe manta 13 HUD Section 108 Infrastructure Bonds Issued On or 7212010 8112019 Bank of New York Mellon Legaly dndng antl enforceable loan Merged 2,966.608 N sd7.8_'2 S 447.822 Loan fa HyatVHdlon Properbes Before 12,31/10 agreement w Ih the U.S. Department of Housing and Urban Development for calxtal improvements 14 Strand Hotel and lAxed-Use Project. DPAIDDA/Comtrudi 6/1/1999 9/302033 CIM Group, LLC and Kane #####4 Merged 12,666,819 N 702 903 $ 702.903 Parking & Infrastructure on Balmer and Berkman 15 Strand Project Additional Parlong OPA/DDA/Construch 1202009 9/302033 CIM Group. LLC Property Tax Sharing Agreement Merged 989.709 N 49 756 $ 49.756 on under the Disposimn and Developmem Agreement (DDA) and Sixth Implementation Agreement fa the Strand projects parking structure authorized on January 20, 2009. 16 Padfic City OPAIDDA(Comtructi 10/182008 Maker Properties & Kane Owner Partapabon Agreement Merged 5,520,000 N S on Balmer and Berkman approved on October 16, 2006 for future development of a 31acre ede located at Pacific Coast Highway and First Street and financed by property tax alocabona. 17 Pacific City- Very Low Income Units OPAWA7ConstrurA on 10116/2D06 Maker Properties Merged N $ 18 Affordable Housing Complance 7202013 Amen —tonal Merged N $ - Commimdy Redevelopment Law. Health and Safety Cale Section 33000, at sect. Covenant mondonng per AS 987. 19 Repaymera d SERAF Debt SERAF/ERAF 5/1020/0 Housing Authority Leggy enforceatle odrgation for Merged 3,374,606 N S Obfi on 2009 SERAF Loan r men[ 20 Repayment of SERAF Debt SERAF/ERAF 5/102011 Housing Authority Leggy eniaceable obli gallon for Merged 713. 133 N $ Obh ahon 2010 SERAF Loan re ment Recognized Obligation Payment Schedule (ROPE) 13-148 - ROPS Detail January 1, 2014 through June 30, 2014 (Report Amounts in Whole Oblate) A B C 0 E F C H I J K L 7777 O P Funding Source Non-Redwebpmem Property Tax Trust Fund Non-RPTTF RPTTF Con"WAgreement Contract/Ag eemem Total Outstanding Item # Protect Name / Debt Obligation Obligation T Execution Date Termination Data Payee DescriphortProject Scope Project Area Debt or Oblittabon Barbed Bond Proceeds Reserve Balance Other Funds Non-Admin Admin Six -Month Total 21 Abdel mud Omer Participabon OPA/DDA/Construch 5728/1991 12/312017 Abdaimud Development Owner Partidpabon Agreement,Rent Merged 7.500 N 7,500 $ 7.500 Agr:—bmVRenl Differential on Company Differential Agreement approved on Agreement May 28, 1g91 for the development of the three story building at the Oceanview Promenade. The Third Impiementabon Amendment took effect on November 21, 1994. 22 Covenant enforcement for Legal Z12M12 =00013 Jessica Latham, Esq Statutory obligation for legal Merged Y S Affordable housing projects compliance and operations of housing Authority pursuant to the requirements of Section 33413(b)(4) and 3349ge)(2) and (3) of the California Community Redevelopment Law, Health and Safety Code Section 33000, at. seq. 23 Unfunded CAPERSP.—mr, Unfunded Uabihbes 6/302011 CalPERS Unfunded CalPERS pension obligation Merged 2, 364,734 N 105.062 $ 105.062 Uatihties as per CaIPERS actuarial valuation as of June 30, 2011 24 Unfunded Supplemental Retirement Unfunded UaWrbes 9/302011 US Bank Unfunded actuarial accrued liability as Merged 589.208 N 28.952 S 28,952 Uabllities of September 30, 2012 as per Wininal valuation by Banal Associates, LLC. 25 Public Agency Retirement Systems Unfunded Lialxbbes 9AW010 10//02014 Paafic Life In Legally enforceable retirement Merged 104,802 N 104.902 S 104.802 (PARS) Notes Payable obligation for early retirementincentive program and annuity contract with Paafic Lille Insurance Incorporated. 26 Unfunded OPEB UatNnies Unfunded babhties 6I30/1011 CaIPERS/CERBT Unfunded actuarial accrued lenity as Merged 246.371 N 6.222 $ 6 222 of June 30, 2012 as per Barrel Associates, LLC. 27 Obligation for unused employee Unfunded Liabldes 9130f2011 City employees directly Obligation for unused employee Merged 77,792 N 13.269 $ 13 269 General Leave earned and vested ,rrvtved m Housing ..it General Leave earned and vested as Redevelopment projects per MOUs and AS 1X26 and admnstiation 28 Successor Agency Compliance per Professional 5172007 4/302014 Terra West Financial and Real estate consultant Merged N $ - H & S Code 33433 Semces 29 Bela Terra Parking Infrastructure OPA/DDA/Construco October 2, 2000 and 9/302025 Bela Terra Associates LLC Merged 14,298,411 N 1,692.797 S 1.692.797 Pr Tax Shann Agreement on September 17 2007 30 Bela Terra Phase 11 Property Tax OPA/DDAIConstiucti 10/42010 7/l2036 Bella 7site Was, LLC Agreement approved on October 4, Merged 24,651,414 N 1,200,000 $ 1,200,000 Sharing Agreement on 2010 for construction of a 467 mixed - me unit project. Corwtrucaon is complete and financed by property tax allocatims Includes legal requirements to implement ob igabon. 31 Pieraide Pavlion Owner OPAiDDA/Consbuti 7,62009 Pierside Pavilion, LLC Owner Participation Agreement (OPA) Merged - Y S - Paroapaoon Agreement on approved on July 6. 2009 for the continued redevelopment of the site located at 300 Pacific Coast Highway in Downtown Huntington Beach, Legal incurred to amend me legally obligated OPA 32 Operative Agreement tot the Cry/County Loans 10/12030 City or Huntington Beach Loan repayment for advance merle on Southeast Coastal N $ - Huntington Beach Redevelopment! On or Before 627111 capital projects in FY 200AN5 Poled 33 Assessment for AES Property Tax Professional 3212011 3i211_012 Van Horn Consulting Assessment for AES Property Tax Southeast Coastal - Y 8 - VBluabon Services Valuation 34 Employee terminaboMayoff costs Admin Costs 9f302011 9i302011 Employee 1 Payment of cosh incurred to filf Merged & Southeast Y b - related to dsstubon of collective bargaining agreements for Coastal Redevelopment Agency IayoBs/lermnalens of City employees relating to the dsstubon of the Redevelopment Agency per Health & Safety Code Section 34171(dKl(C ) Recognized Obligation Payment Schedule (ROPS 13-14B - ROES Detail January 1, 2014 through June 30, 2014 1Hepon �,,,onms m Who1a Ddlara) A B C D E F G H I J K L M N 0 P Funcing Source Non -Redevelopment Property Tax Trust Fund N—RPTTF RPTTF ConhactrAgreement Contrad/Agreement Total Outstanding Item If Project Name / Dell Olb ation Obligation 7 Execution Date Termination Date Payee Descd 'onlPr -ect Sco Pro ect Area Debt or Obh Retired Bond Proceeds Reserve Balance Other Funds Norr-Admin Admin Six -Month Total 35 Employee terminatioMayoff cosh Ad Costs g/302011 9/302011 Employee 2 Payment of costs incurred to fulfilled Merged & Southeast Y S - related to dissolution of collective bargaining agreements for Coastal Redevelopment Agency layoffsrterminabons of City employees relating to the dissolution of the Redevelopment Agency per Health & Safety Code Section 34171(d)(1(C ) 36 Employee terminaboMayoff costs Adro n Costs 9/30/2011 12232011 Employee 3 Payment of costs incurred to fulfilled Merged & Southeast - Y S - related to dissolution of collective barganing agreements for Coastal Redevelopment Agency IayoffsRermina0ons of City employees relating to the dssolution of the Redevelopment Agency pet Health & Safety Code Section 34171(dA1(C ) 37 Employee terminatioMayoff costs Admin Costs W302011 9/302011 Employee 4 Payment of costs incurred to fulfilled Merged & Southeast - Y $ - related to dissolution of collective bargaining agreements for Coastal Redevelopment Agency layof srterminatons of City employees relating to the dssdution of the Redevelopment Agency per Health & Safety Code Section 34171(dgl(C ) 38 Litigation expenses for City of Litigation 7/82012 7/82015 Kane Ballmer S Berkman Payment of litigation costs incurred Merged & Southeast 75,000 N $ - Pamdale at al. v. Matosantos through June 30, 2012 relating to Coastal pursuant to Health and Safety Code application for a Temporary Section 34171(d)(1)(F) Restraining Order pertaining to the June 1, 2012 property lax payments eligible under Health and Safety Code Section 34171(d)(1)(F) as amended by AB 1494 39 Legal expenses for Successor Legal 7/82012 7182015 Kane Ballmer & Berkman Legal expenses to ensure Successor Merged & Southeast 75.000 N 75 000 5 75 000 Agency compliance Mich AS 1x 26 Agency compliance with AS 1x 26 and Coastal and AB 1484 pursuant to Health and AB 1494 Safety Code Section 34171(dA 1)(F) 40 Economic Analysis services related Professional 6/152010 64152014 Keyser Marston Economic Analysis consulting services Merged & Southeast 100,000 N 100 000 S 1000,0 to Successor Agency compliance Services, to ensure Successor Agency Coastal with AB 1 x 26 and AS 1484 pursuant compliance with AB Ix 26 and AB to Health and Safety Code Section 1484 34171(d)ll)(F) 41 Huntington Center Redevelopment City/County Loam 6r92005 10112030 Successor Agency and R Land aightof—y acquisition Merged N 5 Plan development On or Before 627/11 costs connected Mich the Golh-j- Hoover Extension project and development of a public storage facility 42 Man -Pier Redevelopment Project City/County Loans 6/102005 10/12030 Successor Agency Costs incurred to acquire land within Merged N 5 Phase 11 On or Before 627/11 the Man -Per project area for Phase II development projects 43 Development of Do—tovm Man- City/County Loam 10/12030 Successor Agency Costsmcuned to acqure land wWn Merged N 5 - P,er project area On or Before 627/11 the Ma -Pier project area to implement the conshuark cbon of ping facilities v hin the Dovmtovm Man - Pier area 44 Third Bock West City/County Loans 6/182005 10/1/2030 Successor Agency Relocation, property acquisition. and Merged N S - mmerciallreadential Project On or Before 627111 other project cosh associated with the Third Block West CondomimumrttetagOffice projectm the Man -Pre, Redevelopment project area 45 Second Block Alley and Street Bonds Issued On or 6/10.2005 10/12030 Successor Agency Property acquisition cost assooated Merged N 5 lmlxwement Project Before 12/31/10 with Me Second Block alley and street improvement project 46 Shand Project City/County Loans 61182005 10/12030 Successor Agency Relocation coats pad to Wnd and Sea Merged N S On or Before 627111 Sud S 47 Perside Hotel/Retal/Parldng City/County Loans 1011RO30 Successor Agency Relocation costs pad to Terry's Coffee Merged N 5 Structure Pro r ect On or Before 627/11 Shop and First Interstate Bank Recognized Obligation Payment Schedule (ROPS ) 13-14B - ROPS Detail January 1, 2014 through June 30, 2014 (Repod Amounts in Whole Dona,,) A B C D E F G H I i K L M N O P Fund Source Non -Redevelopment Property Tax Trust Fund Nan-RPTTF RPTTF Contract/Agreement Contract/Agreement Total Outstanding Item 4 Proeol Name I Deal Obli bon Obligation T Execution Date Termination Date Payee Descn tion/Proect ScopeProtect Area Debt or Obligation Retired Bond Proceeds Reserve Balance Other Funds Non-Admin Admin 511-Month Total 48 VPatedroN Cemlmerdal Master Site City/Counly, Loans 70/12030 Suc<essa Agency Coss related to the relocation, buyout, Merged N S - Plan On or Before W7111 and demolition of Drytwood and Padfc Mobile Home Parks related to the Viiatedront Commercial Maser Site Plan 49 Strand Project City/County Loans 10/12030 Successor Agency Property acquisition casts ..—.led Merged N $ On or Before S27/11 with the Strand Project 50 EMorcement of Successor Agency Admin Costs Successor Agency, Kane Successor Agency administrative Merged & Southeast N 412 510 250 000 $ 662 510 dissolution compliance and Balmer. Keyser Marston obligations relating to maintaining Coastal ontonng per AS 1X26 and and Macias Gin. & payments on enforceable obligations A81484 O'Connell LLP et al and other activities as required by AB 1X26 51 Successor Agency Property Property Dispositions 8 & S Fencing Fencing to secure Successor Agency Merged 2,500 N 2.500 S 2 500 Maintenance Fencing Property 52 Successor Agency Property Property Tr C.— As needed weed abatement for Merged 3,500 N 3.500 S 3.500 Maintenance -weed control Maintenance A ndy 53 Emerald Cove 2010 Series A Lease Bond. Issued On or 5/30/2010 9/12021 US Bank Emerald Cove 2010 Series A Lease Merged 3,244, 702 N 404.419 $ 404 419 Revenue Rebinding Bonds Before 12/31/10 Revenue Refunding Barak Debt Service Payments 54 Pacific City- Very Low l ncome Umm 10/162006 Housing Authority Statutory housing obligation for Pacific Merged 6,500,000 N $ Pr eel 55 Litigation expenses for City of Litigation 252013 2/52015 Kane Ballmer & Berkman Payment of litigation cask for property Merged 75,000 N 75.000 $ 75,000 Huntington Beach v. Matosantos tax payments eligible under Health and pursuant to Health and Safety Code Safety Code Section 34171(d)(1)(F) as Section 341711d)(IxF) amended by AB 1494 56 RDA Dissolution Audit Dissolution Audits Vavriak, Tine & Day Co Statutorily required review/audit to Merged & Southeast 17.395 N 17.395 N 17.395 LLP vend darn the RDA, such as due Coastal die 57 Bela Terra 1 Pioled Management Project Management City of Flunlington Beach Project management drect cost for Merged 2,200 2.200 S 2,200 Cock o,ensesing Bela Terra 1 58 Bela Terra 11 Project Management Project Management City of Himtirgton Beach Project management direct cost for Merged 2,200 2,200 l 2.200 Costs n Bela Tema 2 59 CIM Project Management Project Management City of Huntington Beach Project management direct cost for Merged 2,200 2.200 $ 2,200 Costs ovensesing CIM 60 Bela Terra I Financial Analysis Project Management Keyser Marston Project management drect cost for Merged 3,100 3,100 N 3,100 Costs Financial anal sis - Bella Terra 1 61 Bela Terra ll Financial Analysis Project Management Keyser Marston Project management drect cost for Merged 3,100 3.f00 S 3,100 Costs Financial analysis- Bella Terra 11 62 CIM Financial Analysis Project Management Keyser Marston Project management drect cost for Merged 3,100 3.100 $ 3,100 Costs financial analysis - CIM 63 2002 Tax Allocation Refunding Bonds Issued On or 6/192002 8/12024 Bank of New York Trust Co. Amount needed to fund shodfal in Merged 29,514 29.514 $ 29.514 Bonds Before 12/31/10 bond reserve account 64 Successor Agency Financial Dissolution Audis Vavinek, Tine & Day Co Statutonly required annual financial Merged 10.O0D 10.000 $ 10,000 Statement Audit LLP & Macias G. and statement audit of Successor Agency. O'Connel et el aaseeeeee■■a■aaa aaaaaaa■aaa INN loommommmmmmommmommmm :■■■■■■■■�■��■■_■■■�■■■■■■� IN ■■■■■■■■�■�■■■■■■�■■■■■■® Recoprirz0 ObNga PaymeN ftb (BOPS)INfB-Re d dPrla P<ME Ane14 nepwlaE b M RODS � IJawary 1. ]010 Oaau6M1 Jun 00. i011) PerbO Puawnl b INafn W SaNN Ootle OISC) sxdion lale6 (al IRpenaman. nwrrw O.Ni.I IdReJerebw�orn pmpeRy Taa Tnm FuM OtPTTFl apwoveJ lw me ROP5131aB(January rM1rouOM1 Jurn101�1 Pam)Nba ditl byM311'aM+apwteO HOPS■prsur perio0 a¢remenl RSO Sedhn Jf133 (a)ape MlM priw perioE aEFMrmda a afrapwNebY3�-A: a Rutla aWawcorrOdw O aMM3Nle CaWalr. To bew MW by M GCtgon rbrMdallbe ROPE IliM byM M%F asHM NOMPTTF Ea MRuea RPTTFE IIJ4Rq ov Oapr.< nuv(,nRl aAab Gc woHer Ran.l0.w PYOY�W says M, IM M.rme. Y t.ml (RCi'S �,aam Ara u�aws tvel ar �TIIIaan aWV ryY��,w a+eWYr feu/ =Y�bs M, an..l cao6tsl.e RyrW RvsiF A•aas �e,waK..aM1.R 1. �u saR"c.a�r sw.. s.raH<1(IYFI f - - f at anlxR avtr ...>a0var a^++.e �rnae t.x am srery [mtl Nwepan<aarr I Rm...br•waM RweF M wevvuRMWW a1e.e f 41 - a4l1R - I _m,nN,•rc ve vanvKaa�aR sax f t s� ce r�rSe]eme eeM em., .'w.ennm.ena ,v.. w>'. me ormoa µAv�O.F.wrnr.d �. a.ram,�vo,.im., f st by _ ry. vvYso. wm,. sepb,vwwNuye wbym lean r. W SIVY s•HeRtyFl .ra aTar fv cow Nn w.Rwm q s Recognized Obligation Payment Schedule 13-14B - Notes January 1, 2014 through June 30, 2014 Item # Notes/Comments 2 Payee name change reported on ROPS 13-14A as PCH Beach Resorts LLC 15 Due to lack of funding in ROPS 13-14A, we will be reserving amount to be paid to this period. 16 Agency is under potential threat of litigation. 30 Payee name change reported on ROPS 13-14A as Bella Terra Villas, LLC. 50 Allowable enforceable obligations above the administrative cap should be charged to other funds as available as per Department of Finance. 53 The LMIHF has been retained to pay the Bond debt, and the payment is from the retained LMIHF monies. No RPTTF funding is requested at this time. 64 Estimated portion (20%) of annual financial statement audit fees related to the Successor Agency. Audits fines have submitted proposals for the audit, which are currently under review. Successor Agency Res. No. 2013-03 STATE OF CALIFORNIA COUNTY OF ORANGE ) ss: CITY OF HUNTINGTON BEACH ) I, JOAN L FLYNN the Clerk of the Successor Agency to the former City of Huntington Beach Redevelopment Agency, Huntington Beach, California, DO HEREBY CERTIFY that the foregoing resolution was duly adopted by The Successor Agency to the Redevelopment Agency of the City of Huntington Beach at a special meeting held on September 16, 2013 and that is was so adopted by the following vote AYES: Sullivan, Hardy, Harper, Boardman, Carchio, Shaw, Katapodis NOES: None ABSENT: None ABSTAIN: None Clerk bf The Successor AgEVCY to the Redevelopment Agency of the City of Huntington Beach, California