HomeMy WebLinkAboutOversight Board - 2013-09 Oversight Board Resolution No. 2013-09
RESOLUTION NO. 2013- 09
A RESOLUTION OF THE OVERSIGHT BOARD 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 THROUGH
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 13-1413") which
is attached hereto as Exhibit A; and
Under the Dissolution Act, ROPS 13-14B must be approved by the Successor Agency's
oversight board("Oversight Board"); and
After reviewing ROPS 13-14B presented to and recommended for approval to the
Oversight Board by Successor Agency staff, and after reviewing any written and oral comments
from the public relating thereto, the Oversight Board desires to approve the ROPS 13-1413; and
All of the prerequisites with respect to the approval of this Resolution have been met.
NOW, THEREFORE, the Oversight Board of the Successor Agency to the
Redevelopment Agency of the City of Huntington Beach does hereby resolve as follows:
1. The Oversight Board hereby finds and determines that the foregoing recitals are
true and correct.
2. The Oversight Board hereby approves ROPS 13-14B in the form presented to the
Oversight Board 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 Oversight Board authorizes and directs the Successor Agency staff to: (i)take
all actions necessary under the Dissolution Act to post ROPS 13-14B on the Successor Agency
website; (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
Oversight Board authorizes and directs the Successor Agency staff to make such non-substantive
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13-3914/101078
Oversight Board Resolution No. 2013- 09
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 regular meeting thereof held on the 23rd day of
September, 2013.
Chairman
REVI WED AND APPROVED:
- tiI44�
�'A�e Director
APPROVED AS TO FORM:
A ency Coo s
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13-3914/101076
Oversight Board Resolution No. 2013- 09
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 CROPS 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 Debt or Obligation Six-Month Total
Enforceable Obligations Funded with Non-Redevelopment Property Tax Trust Fund(RPTTF)Funding
A Sources(B+C+D): $ 991,929
B Bond Proceeds Funding(ROPS Detail)
C Reserve Balance Funding(ROPS Detail) 404,419
D Other Funding(ROPS Detail) 587,510
E Enforceable Obligations Funded with RPTTF Funding(F+G): 9 7,887,536
F Non-Administrative Costs(ROPS Detail) 7,637,535
G Administrative Coals(ROPS Detail) 250,000
H Current Period Enforceable Obligations(A+E): $ 8,379,464
Successor Agency Seh-Reported Prior Period Adjustment to Current Period RPTTF Requested Funding
I Enforceable Obligations funded vlth 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(1-J) $ 7,811,114
County Auditor Controller Reported Prior Period Adjustment to Current Period RPTTF Requested Funding
L Enforceable Obligations funded vdth RPTTF(E). 7.887,535
M Less Prior Period Adjustment(Report of Prior Period Adjustments Column AB) -
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 Name Title
Obligation Payment Schedule for the above named agency.
/sl
Signature Date
Recognized Obligation Payment Schedule(ROPS)1344B-Report of Fund Balances
(Report Amounfs in Whole Dollars)
Pursuant to Health and Safety Code section 34177(I),Redevelopment Property Tax Trust Fund(RPTTF)may be listed as a source of payment on the ROPS,but only to the extent no other funding source is available or when paymentfrom property tax revenues is required by an
enforceable obli ation.
A B C D E F G H I J K
Fund Sources
Bmd Proceeds Reserve Balance Other RPTTF
Review balances
retained for
9onds Issued Bonds Issued approved RPTTF balances Rem,
o
or before or after enforceable retained for bond Grants,
Fund Balance Information b ROPS Period 1213111A 01/01/11 obligations eserves Interest.Ett. Non-Admin Admin Total Comments
ROPS III Actual$(01101/13-6/30/13
Beginning Available Fund.-. (Actual 01101/13)
Note that for the RPTTF,1+2 should be to columns L and O in the
1 Report of Prior Period Adjustments(PPAs) - - - $
Revenuellnoome(Actual 06130113)Note that the RPTTF amounts
should be to the ROPS III distributions from the County Auditor-
2 Controller 481056 6,708286 304,106 S 7,494.048
Expenditures for ROPS III Enforceable Obligations(Actual
06130/13)Note that for the RPTTF,3+4 should tie to columns N
3 antl S m the Report of PPAs 481.656 6.611.865 306,106 I S 7,417,627
Retention of Avallade Fu.d Balance(Actual 06130113)Note that
the Non-Admin RPTTF amount should only include the retention of
4 r es for debt service approved in ROPS III S
ROPS III RPTTF Prior Period Adjustment Note that the net Non-
Admin and Admin RPTTF amounts should be to columns O and Tin No entry required
5 the Report of PPAs. 76 421 - S 76,421
6 Ending Actual Avallable Fund Balance(1+2-3-4-5) $ - $ - $ - $ - S - f - It - $ -
ROPS 13-14A Estimate 07101113-12131/13
Beginning Available Fund Balance(Actual.1-1111)(C.D,E.G,
7 and 1=4+6,F=H4+Fill,and H-5+6) f - $ - $ - S - f - f 76,421 S - S 76,421
Revenuellncome(Estimate 12/31113)
Nate that the RPTTF amounts should tie to the ROPS 13/4A
8 distributions from the County Auditor-Controller 373,716 5,625998 250.000 $ C249714
Expenditures for 13-14A Enforceable Obligations
9 (Estimate 12131113) 373,716 5,625998 250,000 S 6,2W,714
Retention of Available Fund Balance(Estimate 12131113)
Note that the RPTTF amounts may include the retention of reserves
10 for debt service approved in ROPS 13-14A S
11 Ending Estimated Available Fund Balance(7+8-940) S - f - f - $ - $ - f 76,427 1 f - S 74,121
Recognized Obligation Payment Schedule(ROPS)13-14B-ROPS Detail
January 1,2014 through June 30,2014
(Report Amounts in Whole 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 Contract/Agreement Total Outstanding
Item# Pro ae Project Name I Debt Obligation Obll on Type Execution Date Termination Data Payee Description/Project Scope Pro'eM Area Debt or Obligation Retired Bond Proceeds Reserve Balance Other Funds Non-Admin Admin Six-Month Total
$ 111,076,308 $ - $ 404,419 $ 587.510 $ 7,637,535 $ 250.000 $ 8.879,464
1 Land Sale Emerald Cove City/County Loans 5/182009 10/1/2030 COHB Park A&D Fund Legally Binding Operabve Agreement Merged 5,892 705 N $
On or Before 627111 Principal Amount-$1,740,834,Interest
Rates 3.81%,Debt Incurred on May 18,
2009
2 Hyatt Regency Huntington Beach OPA/DDA/Constructi 9/14/1998 9/30/2023 PCH Beach Resorts LLC Disposition and Development Merged 5,040,392 N 734,079 $ 734,079
Project Agreement approved on September 14,
1998 for the Waterfront Development
3 2002 Tax Allocation Refunding Bonds Issued On or 6/192002 8/1/2024 Bank of New York Trust Co.Tax Allocation Bonds Debt Service Merged 14,688.175 N 1,638,038 $ 1,638,038
Bonds Before 12/31/10 Payments
4 1999 Tax Allocation Refunding Bonds Issued On or 1/12/1999 8/12024 Bank of New York Trust Co.Tax Allocabon Bonds Debt Service Merged 6729,658 N 747.364 $ 747.364
Bonds Before 12/31/10 Payments
5 2002 Tax Allocation Refunding Fees 11/172010 11/17/2013 Arbitrage Compliance Tax Allocation Bonds arbitrage rebate Merged 500 N 500 $ 500
Bonds Specialist calculation-Federal IRS Compliance
6 1999 Tax Allocation Refunding Fees 11/172010 11/172013 Arbitrage Compliance Tax Allocation Bonds arbitrage rebate Merged 500 N 500 $ Soo
Bonds Specialist calculation-Federal IRS Compliance
7 2002 Tax Allocation Refunding Bonds Issued On or 6/192002 8112016 Internal Revenue Service IRS Arbitrage Rebate Payment Merged - N $ -
Bonds Before 12f31no
8 2002 Tax Allocabon Refunding Bonds Issued On or 6/192002 8/12024 Bank of New York Mellon Tax Allocation Bontls-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 1/12/1999 8/12024 Bank of New York Mellon Tax Allocation Bonds-Payment to Merged 848 N 84B $ 848
Bonds Before 12/31/10 Fiscal Agent
10 20D2 Tax Allocation Refunding Fees 7172009 W72014 Hi and&Company Preparation and filing of Continuing Merged 250 N 250 $ 250
Bonds AEvlsors,LLC Discosure Annual Reports and Material
Event Notices
11 1999 Tax Allocation Refunding Fees 7F72009 7172014 Hand&Company Preparation and filing of Continuing Merged 1.525 N 1,525 $ 1 525
Bonds Advisors,LLC Disclosure Annual Reports and Material
Event Notices
12 Emerald Cove 2010 Series A Lease Bonds Issued On or 5/132010 9/12021 US Bank. Emerald Cove 2010 Series A Lease Merged N $ -
Revenue Refunding Bonds Before 12/31/10 Revenue Refunding Bonds Debt
Service Payments
13 HUD Section 108 Infrastructure Bonds Issued On or 7/21/2010 8112019 Bank of New York Mellon Legally binding and enforceable loan Merged 2,966 60B N 447,822 $ 447,822
Loan for Hy:Zitton Properties Before 12/31/10 agreement with the U.S.Department of
Housing and Urban Development for
capital improvements
14 Strand Hotel and Mixed-Use Project. OPA/DDA/Constructi 6/1/1999 9/302033 CIM Group,LLC and Kane Merged 12,666,819 N 702,903 $ 702,903
Parking&Infrastructure Ballmer and Berkman
15 Strand Project Additional Parking OPA/DDA/Construct 1202009 9/302033 CIM Group,LLC Property Tax in Agreement under Merged 989,709 N 49,756 $ 49,756
on the Disposition and Development
Agreement(DDA)and Sixth
Implementation Agreement for the
Strand projects parking shucture
authorized on January 20,2009.
16 Pacific City OPA/DDA/Construcb 10/162006 10/162026 Maker Properties&Kane Owner Participation Agreement Merged 5,520,000 N $
on eallmer and Berkman approved on October 16,2006 for
f d re development of a 31 acre site
located at Pacific Coast Highway and
First Street and financed by property
tax allocations.
17 Pacific City-Very Low Income Units OPA/DDA/Construct 10/16/2006 1126Q024 Maker Properties Merged - N $on
18 Affordable Housing Compliance OPA/DDA/Construcb 9/302010 7202013 AmermationaI Merged N $
Community Redevetopment Law, on
Health and Safety Code Section
33000,et seg,Covenant monitoring
per AS 987.
19 Repayment of SERAF Debt SERAF/ERAF 5/102010 11/26/2024 Housing Authonly Legally enforceable obligation for Merged 3.374,606 N $ -
Ob8ga6on 2009 SERAF Loan repayment
Recognized Obligation Payment Schedule(ROPS)13-14B-ROPS Detail
January 1,2014 through June 30,2014
(Report Amounts m Whole Dollars)
A 8 C D E F G H I J N L M N O P
Funding Source
Nor-Redevelopment Property Tax Trust Fund
Non-RPTTf RPTTF
Contra t/Agreemant Contracl/Agreement Total Outstandng
item t Pro''ect Neme I Debt Odi atlon Obligation Type Execution Data Termination Date Payee Descri tian/Prdact Scope Project Area Debt or Obligation Reined Bond Proceeds Reserve Balance Other Funds Non-Admin Ad— Six-Month Total
20 Repaymem of SERAF Debt SERAF/ERAF 5/1D/2011 11262024 Housing Authority Legaby enforceable obligation for Merged 713,733 N $ -
Obligation 2010 SERAF Loan repayment
21 Abdelmudi Owner Participation OPA/DDA/Construcu 5/28/1991 12/312017 Abdelmud Development Owner Par icipaoon AgreementfRent Merged 7.500 N 7,500 $ 7,500
Agra ementfReof Differential Company Differential Agreement approved on
Agreement May 28.1991 for the development of
the three story building at the
Ocean view Promenade,The Third
Implementation Amendment took effect
on November 21.1994,
22 Covenant enforcement for Affordable Legal 220/2012 2202013 Jessica Latham Esq Statutory obligation for legal Merged Y $
housing projects compliance and operations of Housing
Authority pursuant to the requirements
of Section 33413(b)(4)and 33490(11)(2)
and(3)of the California Community
Redevelopment Law.Hearth and Safety
Code Section 33000,et.seq.
23 Unfunded CeIPERS Pension Unfunded Liabilities 6/302011 11/262026 C,IPERS Unfunded CaIPERS pension obl,gab,, Merged 2 364 734 N 105.062 $ 105.062
Uabdrbes as per Ca1PERS actuarial valuation as
of June 30,2011
24 Unfunded Supplemental Retirement Unfunded Liabilities 9/302011 112W 26 US Bank Unfunded actuarial accrued liability as Merged 589 208 N 28 952 $ 28,952
LiabilNes of September 30,2012 as per actuarial
valuation by Bartel Associates.LLC.
25 Public Agency Retirement Systems Unfunded Uatiftes 9/102010 10/10/2014 Pacific Life Ins Legally enforceable retirement Merged 104 802 N 104 802 $ 104.802
(PARS)Notes Payable obligat-for early retirement incentive
program and annuity contract with
Pacific Life Insurance Incorporated.
26 Unfunded OPEB Liablkfies Unfunded Liabilities 6/302011 11262024 CsIPERSICERBT Unfunded actuarial accrued liability as Merged 246 371 N 6122 $ 6.222
of June 30.2012 as per Bartel
Associates,LLC.
27 Obligation for unused employee Unfunded Liabilities 9130/2011 11/26/2024 City employees directly Obligation for unused employee Merged 77.792 N 13 269 $ 13,269
General Leave earned and vested involved m Housing and General Leave earned and vested as
Redevelopment projects par MOUs and AS 1X26
and admmistation
28 Successor Agency Compliance per H Professional WW07 413012014 Tierra West Financial and Real estate consultant Merged - N $
8 S Cotle 33433 Services
29 Bella Ten,Parking Infraslrudure OPA/DDA/Construct 1022000 91302025 Bella Teme Assocates LLC Ht####Merged 14298,411 N 1 692 797 $ 1 692.797
Property Tax Sharing Agreement
30 Bella Tema Phase II Property Tax OPA/D13MConstruch 10/42010 7/1/2036 Bella Tema Vipas,LLC Agreement approved on October 4, Merged 24 651.414 N 1 200 000 $ 1 200,000
Sharing Agreement on 2010 for onofa467mrxed-
use7 mixed-
unit project.construction is
complete and financed by property tax
allocations.Includes legal requirements
to implement obligation.
31 P—suie Pavilion Owner Participation OPA/DDA/Constructi 7/6/2009 11126/2024 Pierside Pavilion,LLC Owner Participation Agreement(OPA) Merged - Y $ -
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 the
legally obligated OPA.
32 Operative Agreement for the City/County Loans 6/172002 10/12030 City of Huntington Beach Loan repayment for advance made on Southeast Coastal N $
Huntington Beach Redevelopment On or Before 627111 capital projects in FY 20D4/05
Project
33 Assessment for AES Property Tax Professional 3121/2/11 3/212012 Van Horn Consulting Assessment for AES Property Tax Southeast Coastal - V $ -
Valuation Services Vatuation
Recognized Obligation Payment Schedule(ROPS)1344B-ROPS Detail
January 1,2014 through June 30,2014
(Report Amours In Whole Dollars)
A B C D E F G H 1 LRehr,d
K L M N O P
FundingSource
Non-Redevelopment Property Tax Trust Fund
Non-RPTTF) RPTTF
ContractlAgreement ContrattiAgeement Total Outstanding
hem g Pro ect Name/Debt Obb ation Obligation Type Execution Date Termination Date Pa ee DescA lion/Project Scope Pro'tArea Debt or Obli abort Bond Proceeds Reserve Balance Other Funds Non-Admen Admen Six-Month Total
34 Employee terminatioMayaff cost, Adman Costs 9/302011 9/302011 Employee 1 Payment of costs incurred to fulfilled Merged&Southeast $
related to dissolution of collective bargaining agreements for Coastal
Redevelopment Agency laycffsAerminations of City employees
relating to the dissolution of the
Redevelopment Agency per Health&
Safety Code Section 34171(d)(1(C)
35 Employee terminaton4ayoff costs Admin Costs 9/302011 9/302011 Employee 2 Payment of costs incurred to fulfilled Merged&Southeast Y $
related to dissolution of collective bargaining agreements for Coastal
Redevelopment Agency layoffs/terminabons of City employees
relating to the dissolution of the
Redevelopment Agency per Heats&
Safety Code Section 34171(d)(t(C)
36 Employee terminafwn8ayoff costs Admit,Costs 9/302011 12/23$2011 Employee 3 Payment of costs Incurred to fulfilled Merged&Southeast - Y $
related to dissolution of collective bargaining agreements for Coastal
Redevelopment Agency layeth/temenations of City employees
relating to the dissolution of the
Redevelopment Agency per Health&
Safety code Section 34171(d)(1(C)
37 Employee terminabonAayoff costs Admin Costs 9/30/2011 9130/2011 Employee Payment of costs incurred to fulfilled Merged&Southeast Y $ -
related to dissolution of collective bargaining agreements for Coastal
Redevelopment Agency layoffsltermineb,ns of City employees
relating to the dissolution of the
Redevelopment Agency per Heahh&
Safety Code Section 34171(d)(1(C)
38 Litigation expenses for City of Litigation 7/8/2012 7/8/2015 Kane Ballmer&Berkman Payment of lifigabon costs incurred Merged&Southeast 75 000 N $ -
Palmdale at al.v.Matosantos through June 30.2012 relating to Coastal
pursuant to Heats and Safety Code application for a Temporary Restraining
Section 34171(d)(1)(F) Order pertaining to the June 1,2012
properly tax payments eligible under
Health and Safety Code Section
34171(d)(1)(F)as amended by AS
1494
39 Legal expenses for Successor Legal 7182012 71812DIS Kane Ballmer&Berkman Legal expenses to ensure Successor Merged&Southeast 75,000 N 75.000 $ 75.000
Agency compliance with AS 1x 26 Agency compliance with AS Ix 26 and Coastal
and AS 1484 pursuant to Health and AS 1464
Safety Code Section 34171(d)(1)(F)
40 Economic Analysis services related Professional 6/152010 6/152014 Keyser Marston Economic Analysis consulting services Merged&Southeast 100,000 N 100.000 $ 100,000
to Successor Agency compliance Services to ensure Successor Agency Coastal
with AS 1.26 and AS 1484 pursuant compliance with AS 1x 26 and AS 1484
to Health and Safety Code Section
34171(d)(1)(F)
4/ Huntington Center Redevelopment City/County Loans 6/9/2005 10/l2030 Successor Agency Land and Right-of-way acquisition costs Merged N $
Plan development On or Before 627/11connected with the Gothard-Hoover
Extension project and development of a
pool.storage facility
42 Main-Pier Redevelopment Project City/County Loans 1/1/2 red 005 10/1/2030 Successor Agency Costs incur to acquire land within Merged - N $
Phase II On or Before 627/11 the Main-Pier project area for Phase 11
development projects
43 Development of Downtown Main-Pier City/County Loans 6/4/1990 10112030 Successor Agency Costs incurred to acquire land within Merged - N $ -
project area On of Before 627/11 the Main-Pier project area to implement
the construction of parking facilities
within me Downtown Main-Pier area
Recognized Obligation Payment Schedule(ROPS(13-14B-ROPS Detail
January 1,2014 through June 30,2014
(Report Amounts in Whole Dollars)
A B C D E F G H I J K L M N O P
Funding Source
Non-Redevelopment Properly Tax Trust Fund
Non-RPTTF) RPTTF
C onbact/Agreement Contract/Agreement Total Outstanding
Item# Pro act Name/Debt Obh ation OMh ation Type E—unon Date Termm anon Date Payee Descn bonlProject Scope Project Area Debt or Obligation Refired Bond Proceeds Reserve Balance Other Funds Non-Admin Ad... Six-Month Total
44 Thad Block West City/County Loans 6/182005 10/1/2030 Successor Agency Relocation,property acquisition,and Merged N $
mmercialkesidental project On or Before 627/11 other project cosh associated with the
Third Block West
CondominiuMRet"'Office project m
the Main-Pier Redevelopment project
45 Second Block Alley and Street Bonds Issued On or 6/102005 10112030 Successor Agency Property acqu,uh-cost associated Merged - N $ -
Improyement Protect Before 12/3l/10 with the Second Block ed y and sheet
improvement project
46 Strand Project Citylcormty Loans 6/182005 10M2030 Successor Agency Relocation casts paid to Wind and Sea Merged IN $ -
On or Before 6/27H 1 Surf Shop
47 Plerside Hotel/Retafl/Parking Ciry/County Loans 5/1511992 10/12030 Successor Agency Relocation costs paid to Tern"Coffee Merged N $ -
Structure Project On or Before 6,27"1 Shop and First Interstate Bank
48 Waterfront Commercial Master Site City/County Loans 31IM989 10/12030 Successor Agency Costs related to the relocation,buyout, Merged - N $ -
Plan On or Before 6127111 and demolition of Driftwood and Pacific
Mobile Home Parks related to the
Waterfront Commercial Master Site
Plan
49 Strand Project City/County Loans 10/19/1992 10/12030 Successor Agency Property acquisition costs associated Merged - N $
On or Before 627111 with the Strand Project
50 Enforcement of Successor Agency Adm n Costs 2/l/2012 111262024 Successor Agency.Kane Successor Agency administrative Merged B Southeast - N 412.510 250 000 $ f52 51 U
disselubon compliance and Ballmer,Keyser Marston, obbgations relating to maintaining Coastal
oniloring per AB 1X26 and AB1484 and Macias Gin,& payments on enforceable obligations
O'Connell Li et al and other activities as required by AB
1X26
51 Successor Agency Property Property Dispos tons 11/112010 112612024 S&S Fencing Fencing to secure Successor Agency Merged 2,500 N 2,500 S 2 500
Maintenance Fencing Property
52 Successor Agency Property Property 11/1/2010 11/262024 TruGreen As needed weed abatement for Agency Merged 3,500 N 3,500 $ 3.500
Maintenance-weed control Maintenance property
53 Emeald Cove 2010 Series A Lease Bonds Issued On or 5/302010 9112021 US Bank Emerald Cove 2110 Series A Lease Merged 3.244,702 N 404.419 b 404,419
Revenue Refunding Bonds Before 12/31/10 Revenue Refunding Bonds Debt
Service Payments
54 Pacific City-Very Low Income Units OPA/DDA/Constructi 10/11i I1262024 Housing Authority Statutory housing obligation for Pacific Merged 6.500.000 N $ -
City Project
55 Litigation expenses for City of Litigation 2/52013 2/5/2015 Kane Boll—8 Berkman Payment of Ibgation costs for property Merged 75 000 N 75,000 $ 75000
Huntington Beach v.Makeentos lax payments eligible under Health and
pursuant to Heath and Safety Code Safety Code Section 34171(d)(1)(F)as
Section 34171(dXi XF) amended by AB 1484
56 RDA DissoWtion Audit Dissolution Audits 10/82012 11262024 Vavrinek,Trine 8 Day Co Statutorily required review/audit to wind Merged 8 Southeast 17 395 N 17,395 $ 17,395
LLP down the RDA,such as due diligence Coastal
revis-
57 Bella Tema I Project Management Project Management 2/l2012 1126/2024 City of Huntington Beech Project management direct cost for Merged 2200. N 2,200 $ 2,200
costs overseeing Bella Te
58 Bela Terra II Project Management Project Management 2112 I28f2 012 11024 City of Huntington Beech Project rra
t management direct cost for Merged 2,200 N 2,200 $ 2,200
Cost overseeing Bella Terra 2
59 CIM Project Management Project Management 2112012 11262024 City of Huntington Beach Project management direct cost for Merged 2.200 N 2,200 $ 2.200
Costs eing CIM
LBella Tarr.l Financial Anaysis Project Management 6/152010 11/262024 Keyser Marston Project management direct cost for Merged 3,100 N 3.100 $ 3,100
CostsFinancial analysis-Bela Terra 1Bella Tena 11 Financial Analysis Project Management 6/152010 11282D24 Keyser Marston project management direct cost for Merged 1J. N 3,100 $ 3,100
CostsFinancial analysis-Bella Terra llCIM Financial Analysis project Management 6/152010 11262024 Keyser Marston Project management direct cost for Merged 3.100 N 3,100 $ 3.100
Costs financialanalysis-CIM
2002 Tax Allocation Refunding Bonds Issued On or 6/192002 8/12024 Bank of New York Trust Co.Amount needed to fund shortfalls, Merged 29,514 N 1 21,114 1$ 29,514
Bonds Before 12/31110 bond reserve account
Recognized Obligation Payment Schedule(ROPS)13-14B-ROPS Detail
January 1,2014 through June 30,2014
(Report Amounts in Whole Dollars)
A B c D E F G H I J K L M N O P
Fundm Source
Non-Redevelopment Property Tax Trust on;
(Non-RPTTF) RPTTF
Contract/Agreement ConhacUAgreement Total Outstanding
Item# Pro ect Name/Debt Obli ahon Obli anon T e Ex—tion Date Termination Date Pe ee Oescn Don/Project Sco a Pro ect Area Debt or Obli.lion Retired Bond Proceeds Reserve Balance Other Funds Non-Admin Admin Siz-Month Total
64 Successor Agency Financial Diseolut.n Audits 10212013 11/262024 Vavrinek,Tnne&Day Co Slalutonly re .d annual financial Merged 10,000 N 10,000 $ 10,000
Statement Audit LLP 8 Macias Gim and statement audit of Successor Agency.
O'Connell e[A
Recognized Obligation Payment Schedule(ROPS)13-148-Report of Prior Period Adjuatments
Reported for the ROPS III(January 1 2013 through June 30.2013)Period Pursuant to Health and Safety Code jHSC)section 34186(a)
(Repoli Anvunh in—le Dolars)
ROPS in Successor Agency(5M Sell,,epoRM nor en us men s c7red to report the differences can elr ac ua eye a n Ing an eir ac ua ezpen ures or e u y roug December perioda amounto
Redevelopment Property Tax Trust Fund(RPTTF)approved for the ROPS 13-14B(January through June 2014)pound vvII be offset by the SA self-reported ROPS III prior period adjustment.HSC Section 34186(a)also specifies that the prior period adjustments self-reported by SAs ate subject to audit
by the county auditor-controller GAG))and the State Controller.
A B C I D E I F I G I A I I J L M N O P O R S T U
Non-RPTTF Expenditures RPTTF Expenditures
Innludes LMIHF indutles Omer
Due Diligence Funds and Assets
Review(DDRI DDR retained SA Non.Admin
etl balances) BorM Proceeds balances) och.,Funds Nan-Atlmin N tand Ad-PPA
Available
RPTTF Available Nei DiBemnce
1ROP5III DlHerence RPTTF Dinarence 1A RO Used14
zinbuted a all Net Lezzer of ((f M is less IM1an N, CROPS III dismbut¢tl Nel Lezzer of (H R is kss inan S. ORset ROPS 1}14B
Propct Name/Debt Authoriz A.-',, AUHM10 AWhoriz vailaWe as of ANlron-oll 11,i eth available Aut,oO I in.daf.raneei. Repueatetl RPTTF
hemN Obligation etl ual Actual ed Actual Actual Authonzed 1/13) Available Actual ro) AWMnzedzoi l!i/i JI ..:table Actual erol (0 TU
$ Sc1 6eU S S $ SeU - 114816% 3 6.708466 3 - 3 6]06286 3 6.631665 $ 76421 S 301,im $ - 3 304106 $ 304,106 3 - 3 76,421 SA CornmeMa
1 Land Sala EmNald Co" $ S 6 3 - 3
Hyah Regency H-oroon
2 Beam Propct 1643.146 $ 1 043.146 16d3.146 $ 3 3 - $ - IncWtlas RPTTF reserved for dent service in the amount A136]5.259
2002 Tar Nlocation Refunding
3 Bonds 1640938 $ 1640938 1610938 3 S - 3 - $ - -1-1 RPTTF reserved for debt zer n the annuni of$1340469
19.Tea Al—h—R.1-0ng
4 Bonds 743289 S 743.289 143.2a9 11 3 - $ - $ - Includes RPTTF reserved for debl service in the amount of$604,144
2002 Tas Allocation Refundug
5 Bontls 500 $ 5w s00 3 $ - $ - $
1999 Tex Nbcation Refunding
6 Bonds 500 $ 500 SOD $ $ $ S
r2002 Tax Nbcation Refund.g
Bonds 52e]54 3 528,]54 5009]0 S 2].]84 3 6 - 3 27.1.
2002 Tax Nbcation Refunding
Bonds 153] 3 1531 S 15]] 3 - 3 - 3 1,53]
1999 Tex Nbcation Refunding84a 3 040 840 S 32002 Tav Nbcation Refunding
Bon. 250 3 2. 3 250 3 3 - s 2.
1999 Tae Nbcation Reluntling Bontls 1125 $ 1,525 f 1.525 $ $ - $ 1—
EnsraM Cove 2010 Seder A
Lease Revenue Refunding
12 Bonds $ s $ $ - $
HUD Section 100 Inlrasr-c
13 Loan f0,HyaNHihon Properties 427,512 $ 427512 42]112 $ $ $ - $ - Includes RPTTF reserved for debl service in IM annunl of$388.]56
Str.hd Hoiel a Mlxed-Use
14 Pr cL P-,r,,a lnhastruciu�e ]02.903 $ Maul ]02 903 $ $ - $ - $ - Irrc d-RPTTF reserved for debt service in the amount of$]02.903
Strand Protect Acidltbnal
IS Par_ 4e.756 $ 411576 49.5]6 $ $ $ - $ - I-1—RPTTF reserved for deb service in me amount of3495]6
I6 Pac GM 20 ow $ Mono 19481 $ 519 $ $ - $ 519
Paufic Cry-Very Low In—
17 Units S 6 4 $ - S
Nf,ul.bk Housing Conr Ant
Com11-1t Redevelopment
Lew.Neahn end S+fary Cotle
Section 33000.et.rep.
Covenam monibring pen AB
[11'.9
S S S 3Repaynrent of SERAF Obligation 2009 3 S S - S - S oblgation 2010 $ $ f
Abdelmudi 0. Panicipan-
Agre nl Diee�enbal
21 A 6 000 $ 6.000 $ 6 000 $ 3 - 3 6 000
Cov ant an x..nt fro
22 ABordebp housing ph j c $ $ $ $ - 3
Unfunded CMPERS Pension
23 LiabiM— 95476 $ a54]6 95,4]6 $ $ - $ - $ -
Unwnded Suppl ruil
24 Refinement LiabiMias 28.952 $ 28952 2a.2 $ $ - S - $ -
Rublic Agency Retir¢lrent
25 Systems IPARSI Notes Pay.We t9.965 3 19.9fA 18965 $ $ 3 - 3 - Includes RPTTF reserved ion debt service in 1M amount of 519965
26 Unfunded OPEB Liabilities 6222 $ 6.222 6.222 $ $ is - $ -
Recognized Obligation Payment Schedule(ROPS)13-14B-Report of Prior Period Adjustments
Reported for the ROPS III(January 1,2013 through June 30,2013)Period Pursuant to Health and Safety Code IHSC)section 34186(a)
(Report Amoun.in—.6 Do—)
RUPS Ili Successor Agency(SA)Sen-reporteet Prior PenM Mjustmnrs(PPA):Pum5ant to a s are require o repo nces FeWen their actual available n mg and their actual expen u y through Decemberperiod.I he amount Or
Redevelopment Property Tax Trust Fund(RPTTF)approved for the POPS 13-146(January through June 2014)period WR be offset by the SAS sell-reported ROPS Ili poor period adjustment.HSC Section 34186(a)also specifies that the prior period adjustments self-reported by SAS are subject to audit
by the county auddorcorholler(CAC)and the State Controller.
A B C D I E I F 1 O H 1 J K L M N O P O R 6 T U
NOlH2PTTF Expenditures RPTTF Expenditures
(Indudes LMIHF (Indutles Odrer
Due Diligence Funds aid Assets
Revlew(DDR) DDRretalood Net BA NorFALmin
tatairned balances) em"d Proceeds balances) Olber Funds Non.4dmin Admin and Adrnn PPA
Avaibde
RPTTF Available Net.nt U rnoe
CROPS III gdin--
RPTTF DiRarenn (Arrount Used b
tlistdbuletl♦as Net Lesser of N. (ROPE III antral Net Lesser o/ (8 Ris less then S. Me ROPS-14B
Project Name/Debt Authorix AulM1oriz AulM1ork ANMr¢ other evailebN as of AutM1odzedl •el oMer available AutM1odzetll IM1e dBterenco is Requested RPTTF
Obligation vi ACNaI el Actual el Actual W Actual AUMorized 1It113) Available ActualAhon.ed as o(t/1/13) Availble Actual ero) (Oe T))
3 - 3 - 3 - S - S - E - 3481,656 3 ...SAW 3 - 3 6.]08,286 S 6,631,a65 3 3 ins 3 - S so4,106 S So4,106 3 - S ]8,121 SACommeMa
OHIO—.for unused enployee
General Leave earned and
2]vested "Aso S 11,A. 6,889 3 3 - S 2.571
Successor Agency Compliance
28 per H A S Coda 33433 15.000 $ 15,000 6.758 f 8292 f - 3 - 3 8,242
Bela Tarr.Parking
IMrasbnnctwe Property To.
29 Sharing Agreement 1,210.005 $ 121o,0es 1,2t0.008 3 E $ - f - I.1—RPRFras.—dror debt serviu In en amount of S1,026,067
30 Bella Terra Phase ll 10" E 10,00o f 1o,000 f $ - 3 100D0
P.-de P-1-0vmer
31 Pe u.padon Agreement 4,0Do 3 4000 $ AM $ S - 3 4.000
gent,,.AysemAMtor Me
Mun8l�on Be..
32 Re levebpnent Project 3 3 3 $ - $
Assessment for AES Property
33 Tee V.1—W. 3 S i $ - $
Employee Iernireti.—n
cos.olet¢d 10 dissolueon or
31 Retlevebpment Agency 16.393 $ 16,393 16— $ $ $ - $
En—b of to do-l.b.oR
cos.r to b Aleomoon of
35 Redevebprrenl Agenry 29.483 $ 24461 24A83 $ S E - $
Employee for W...AayoR
cos.releted to diasol—of
36 Redev lo—rl Agency 75326 $ 25328 1.328 $ $ $ - 3
Employee termnatioMayon
cosh rebletl to di—I.bon of
37 Redevelopment Aoe 9,728 f 9.728 9.726 E E $ - $
Ldigabon expenses for City of
Palmdale el el.v.Matos m-
purswM to Heen,end See,
38 Code Sedion34111(dR1KF) 13,gg3 f 13."3 E 13.993 E S - $ 1399J
Le Rileapenses for Successor
Agency eon he.weh AB tx
26 aM AB 14.W r-ed 10
Heaah and safety Code section
39 34111(r)(1)(F) 60,321 S $ $ 3 - $
Ew me Anatysis
rebte i to Su«essor Age—
complunce—AB 1.26 end
AS 104 pun silt to H-fth antl
Safety Code Section
40 34111(d)(1)(F) 3 3 3 $ - $
1-1,loo Ceder
Redevebpmant Plan
41 development $ $ s S - $
Mein-Pier Redevolopiranl
42 Project Phase ll 3 3 4 $ - $
Devebprrent of Downtown Mai
43 Pler propct area 3 $ $ $ $ -
Third Bbck West
44 c 6.1iosidenhal propd i f $ - S $
-
Semnd Reck Alley antl Street
45 Improvement P.p. S $ 4 - E $
46 Sf—Propel $ $ S E - $ -
Pi—,do HolellRetaiVParklrg
42 structure P.Rd S $ $ $ - E
Waterfront C¢nmerrial Master
46 Sae Pbn E $ $ E - $
Recognized Obligation Payment Schedule(ROPS)13-148-Report of Prior Period Adjustments
Reported for the ROPS III(January 1.2013 through June 30.2013)Period Pursuant to Health and Safety Code(HSC)section 34186(a)
(Repon Arrpunh in—D 11a l
uccessor ency -repo 1us men s a. regwredo repo rences n em ac ua avai a Ing an ex pen u u y roug peno
Redevelopment Property Tax Tms[Fund(RPTTF)approved for the ROPS 13-14B(January through June 2014)period will be offset by the SA self-reported ROPS III pror period adjustment.HSC Section 34186)a)also specifies that Itte prior penod adjustments self-reported by SAs are subject to audit
by the county auditor-controller(CAC)and the State Controller.
A B C I D I S T U
Non-RPTTF Expenditures RPTTF Expandituras
(Includes LMIHF (Include:OMor
Due Dibgence Fulls all Assets
ReviewiDDR) —ear— Net SA—diniin
bakncez) Bond Proceed: belazes) Other Fundz Non-0dmrn Admin and Admin PPA
Available
RPTTF vailable Net Diference
I A ROPS HI D,hererme RPTTF Difference (Armunt Used to
distdbuka.an Net Lesser of (Ir M Is leis tnan N, �ROPs III d.:trmuted Net Lesser of (p R r:ksz inert S. 011zet ROPS 1 14B
P,.K 1 Name/Debt Aarhd—z Aulnoyrz Autnoriz Author lz vailable as of Authoriredl the difference is aX oMer evadable AWhon—I the dlerence is Requested RPTTF
nema Obl/gahon ual ed Actual ed Actwl ed Actual Authorized rat/1/131 vailable Actual era) Autnorixed smf l/1/13I Available Actwl arm) (Or TN
Sect $ct - 3 S $ $ $ - $4816% $ 6706A66 S - s A 6.>ab 366 $ 6631,m 3 76421 3 3D4.106 S a - $ 301.106 3 304.106 f - 3 76421 SA Comments
49 Obam R*d S $
Enforcement o1 P, earth and Safely Code Section 3412t(b).ea n.::urWed by oIn.,
Agency da:olurwn compliance untl:consrat of allowable admmsirative expenses above the
and rmnaomng per AB—a and admnisira, cap as per the Department of Finance':determnation loner
50 AB1494 21 335 $ S O4.1 W $ —1D6 .4.1. $ - 3 aced DecertDer 16.2012.
Suez Agency R,n,
z1 Maintenance Fencing $ S $ 3 3
Successor Agency Property
z2 Mammnance-veetl control 3 S S $ $
Er W Cow 2010 Series A
Lease Revenue Refunding
63 Bonds $ S $
Pacific Cry-Very Low Inwma
u units $ $ $ 3 S
Les ran eaPenzes ror City of
Huntington Beach v.Matowntas
eaMn and Safety
ss Co de Sbd.n 34121(d)(1)(F) $ $ 3 $ - $
Over costs...ratedk
Su_-,Agency per Cost
Allocation Ran prepared by
56 MGT $ $ $ $ - 3
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 firms have submitted proposals for the audit,which are
currently under review.
Res. No. 2013-09
STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF HUNTINGTON BEACH )
I, JOAN FLYNN, Secretary of the Huntington Beach Oversight Board of the
Successor Agency of the Former City of Huntington Beach Redevelopment Agency, Huntington
Beach, California DO HEREBY CERTIFY that the foregoing resolution was duly adopted by the
Huntington Beach Oversight Board of the Successor Agency of the Former City of Huntington
Beach Redevelopment Agency at a meeting held on September 23,2013 and that it was so
adopted by the following vote:
AYES: Board Members: Boardman, Bone, Carchio, Delgado, Fritzal
NOES: Board Members: None
ABSENT: Board Members: A. Dunn, L. Dunn
ABSTAIN: Board Members: None
Secre ry of the untington ach Oversight
Bo d of the Successor Age y of the Former
Ci f Huntington Beach Redevelopment
Agency Huntington Beach, California
**Board Member Bone recused himself on line item 2 & 13 of the ROPS**