HomeMy WebLinkAboutOversight Board - 2014-01 Oversight Board
RESOLUTION NO. 2014- Ol
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 JULY 1, 2014 THROUGH
DECEMBER 31, 2014 ("ROPS 14-15A")
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 July 1, 2014 and continuing through December 31, 2014 ("ROPS 14-15A")
which is attached hereto as Exhibit A; and
Under the Dissolution Act, ROPS 14-15A must be approved by the Successor Agency's
oversight board ("Oversight Board"); and
After reviewing ROPS 14-15A 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 14-15A; 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 14-15A 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 14-15A on the Successor Agency website;
(ii) transmit ROPS 14-15A 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
1
14-4132/105489
Oversight Board Resolution No. 2014-01
revisions to ROPS 14-15A as may be necessary to submit ROPS 14-15A in any modified form
required by DOF, and ROPS 14-15A as so modified shall thereupon constitute ROPS 14-15A as
approved by the Oversight Board pursuant to this Resolution.
4. The Oversight Board does not intend, by adoption of this Resolution, to waive
any constitutional, legal and/or equitable rights of the Oversight Board, 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 Oversight Board, the Successor Agency and the City of Huntington Beach
under law and/or in equity.
PASSED AND ADOPTED by the Oversight Board of the Successor Agency to the
Redevelopment Agency of the City of Huntington Beach at a special meeting thereof held on the
26th day of February 2014
Chairman
REVIEWED AND APPROVED:
t&k—
c t' Me/Director
APPROVED AS TO FORM:
aM
R-
�xgency Cou sel
2
13-3914/101076
Oversight Board Resolution No. 2014-01
EXHIBIT A
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
FOR THE PERIOD JULY 1, 2014 THROUGH DECEMBER 31, 2014
("ROPS 14-15A")
[behind this page]
Recognized Obligation Payment Schedule(ROPS 14-15A)-Summary
Filed for the July 1,2014 through December 31,2014 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): $ 1,095,840
B Bond Proceeds Funding(ROPS Detail) -
C Reserve Balance Funding(ROPS Detail) 780,510
D Other Funding(ROPS Detail) 315,330
E Enforceable Obligations Funded with RPTTF Funding(F+G): $ 2,623,794
F Non-Administrative Costs(ROPS Detail) 2,223,794
G Administrative Costs(ROPS Detail) 400,000
H Current Period Enforceable Obligations(A+E): $ 3,719,634
Successor Agency Self-Reported Prior Period Adjustment to Current Period RPTTF Requested Funding
I Enforceable Obligations funded with RPTTF(E): 2,623,794
J Less Prior Period Adjustment(Report of Prior Period Adjustments Column S) (632,542)
K Adjusted Current Period RPTTF Requested Funding(W) $ 1,991,252
County Auditor Controller Reported Prior Period Adjustment to Current Period RPTTF Requested Funding
L Enforceable Obligations funded with RPTTF(E): 2,623,794
M Less Prior Period Adjustment(Report of Prior Period Adjustments Column AA) -
N Adjusted Current Period RPTTF Requested Funding(L-M) 2,623,794
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 Name Title
Payment Schedule for the above named agency. /s/
Signature Date
Recognized Obligation Payment Schedule(ROPS)14-15A-ROPS Detail
July 1,2014 through December 31,2014
(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 Property Tax Trust Fund
Non-RPTTF RPTTF
Contract/Agreement ContractrAgreement Total Outstanding
Item It Project Name/Debt Obli ation Obli ation Type Execution Date Termination Date Payee Description/Project Scope Project Area Debt or Obligation Retired Bond Proceeds Reserve Balance Other Funds Non-Admin Admin Six-Month Total
$ 100 2"763 $ - $ 780 510 $ 315 330 $ 2 3,794 $ 400,000 $ 3 719,634
2 Hyatt Regency Huntington Beach OPA/DDA/Constructi 9/14/1998 9/302023 PCH Beach Resorts LLC Disposition and Development Merged 5,043,296 N 367,251 $ 367,251
Project on Agreement approved on September
14,1998 for the Waterfront
Development
3 2002 Tax Allocation Refunding Bonds Issued On or 6/19/2002 8/1/2024 Bank of New York Trust Co.Tax Allocation Bonds Debt Service Merged 14,409,156 N 1,359,019 $ 1,359,019
Bonds Before 12/31/10 Payments
4 1999 Tax Allocation Refunding Bonds Issued On or 1/12/1999 8/l/2024 Bank of New York Trust Co.Tax Allocation Bonds Debt Service Merged 6.600,976 N 618,682 $ 618,682
Bonds Before 12/31/10 Payments
5 2002 Tax Allocation Refunding Fees 11/17/2010 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 11/17/2010 11/17/2013 Arbitrage Compliance Tax Allocation Bonds arbitrage rebate Merged 500 N 500 $ 500
Bonds Specialist calculation-Federal IRS Compliance
7 2002 Tax Allocation Refunding Bonds Issued On or 6/19/2002 8/1/2016 Internal Revenue Service IRS Arbitrage Rebate Payment Merged - N $
Bonds Before 12/31/10
8 2002 Tax Allocation Refunding Bonds Issued On or 6/192002 8112024 Bank of New York Mellon Tax Allocation Bonds-Payment to Merged 1,539 N 1,539 $ 1,539
Bonds Before 12/31/10 Fiscal Agent
9 1999 Tax Allocation Refunding Bonds Issued On or 1/12/1999 8/1/2024 Bank of New York Mellon Tax Allocation Bonds-Payment to Merged 848 N 848 $ 848
Bonds Before 12/31/10 Fiscal Agent
10 2002 Tax Allocation Refunding Fees 1/32001 Harrell&Company Preparation and filing of Continuing Merged 700 N 700 $ 700
Bonds Advisors.LLC Disclosure Annual Reports and
Material Event Notices
11 1999 Tax Allocation Refunding Fees 1/3/2001 HarceN&Company Preparation and filing of Continuing Merged 2,025 N 2,025 $ 2,025
Bonds Advisors.LLC Disdosure Annual Reports and
Material Event Notices
13 HUD Section 108 Infrastructure Bonds Issued On or 7/212010 B/121119 Bank of New York Mellon Legally binding and enforceable loan Merged 2,930,197 N 411,411 $ 411,411
Loan for Hyatt/HiRon Properties Before 12131/10 agreement with the U.S.Department of
Housing and Urban Development for
capital improvements
14 Strand Hotel and Mixed-Use Project,OPAlODA/Constructi 6/1/1999 9/302033 CIM Group,LLC and Kane Property Tax Sharing Agreement Merged 12,666,819 N $
Parking 8lnfrastructure on Ballmer and Berkman under the Disposition and
Development Agreement(DDA)for
development of hotel,retail,restaurant,
and public parking structure.The
Implementation of the DDA and the
Sixth Implementation Agreement were
entered into from June 1999 to
November 2008.
15 Strand Project Additional Parking OPA/DDA/Consbuct 1/202009 9/30/2033 CIM Group.LLC Property Tax Sharing Agreement Merged 989,709 N $
on under the Disposition and
Development Agreement(DDA)and
Sixth Implementation Agreement for
the Strand projects parking structure
authorized on January 20,2009.
16 Pacific City OPA/DDA/Construct 10/162006 10/162026 Makar Properties 8 Kane Omer Participation Agreement Merged 5.520,000 N 20,000 $ 20,000
on Ballmer and Berkman approved on October 16,2016 for
future development of a 31-acre site
located at Pacific Coast Highway and
First Street and financed by property
tax allocations.
Recognized Obligation Payment Schedule(ROPS)14-1SA-ROPS Detail
July 1,2014 through December 31,2014
(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 Property Tax Trust Fund
(Non-RPTTF) RPTTF
Contract'Agreement ContracUAgreement Total Outstanding
Item# Prolect Name 1 Debt Ohli ation Obligation Type Execution Date Termination Date Payee Description/Project Scope Project Area Debtor Obligation Retired Bond Proceeds Reserve Balance Other Funds Non-Admin Admin Six-Month Total
17 Pacific City-Very Low Income Units OPA/DDA/Construct 10/16/2006 11/26/2024 Maker Properties 15%affordable housing requirement Merged N
on pursuant to Attachment 5 of the Owner
Participation Agreement approved on
October 16.2006.Of the 15%
required housing obligation,5%very-
low income housing is to be developed
by the Housing Authority.The
Developer is required to provide the
remaining 10%on site.
18 Affordable Housing Compliance OPA/DDA/Constructi 9/302010 7/20/2013 Amerinational Statutory obligation for housing Merged N
Community Redevelopment Law, on compliance services pursuant to the
Health and Safety Code Section requirements of Section 33413(b)(4)
33000,at.seq.Covenant monitoring and 33490(a)(2)and(3)of the
per AB 987. California
Community Redevelopment Law.
Health and Safety Code Section
33000,of seq.and eligible under
Health and Safety Code Section
34171(d)(1)(F)
19 Repayment of SERAF Debt SERAF/ERAF 5/1012010 11/26/2024 Housing Authority Legally enforceable obligation for Merged 3.374,607 N
Obligation 2009
20 Repayment of SERAF Debt SERAF/ERAF 5110'2011 11/26/2024 Housng Authority " Legally enforceable obligation for Merged 713.733 N 5 -
Obli ation 2010 SERAF Loan repayment
21 Abdelmudi Owner Participation OPA/DDA/Constructi 528/l991 12/31/2017 Abdelmudi Development Owner Participation Agreement/Rent Merged 10,000 N 10,000 $ 10,000
Agreement/Rent Differential on Company Differential Agreement approved on
Agreement May 28,1991 for the development of
the three story building at the
Oceanview Promenade.The Third
Implementation Amendment took
effect on November 21,1994.
23 Unfunded CalPERS Pension Unfunded Liabilities 6/30/2011 11/262026 CalPERS Unfunded CaIPERS pension obligation Merged 2.969,608 N 116,063 $ 116,063
Liabilities as per CalPERS actuarial valuation as
of June 30,2012
24 Unfunded Supplemental Retirement Unfunded Liabilities 9/30/2011 1126/2026 US Bank Unfunded actuarial accrued liability as Merged 564.127 N 28,952 $ 28.952
Liabilities of September 30,2013 as per actuarial
valuation by Bartel Associates,LLC.
25 Public Agency Retirement Systems Unfunded Liabilities 9/102010 10/102014 Pacific Life Ins Legally enforceable refirement Merged - y $ -
(PARS)Notes Payable obligation for early refirement incentive
program and annuity contract with
Pacific Life Insurance Incorporated.
26 Unfunded OPEB Liabilities Unfunded Liabilities 6/30/2011 11/26/2024 CaIPERS/CERBT Unfunded actuarial accrued liability as Merged 247,354 N 6,222 $ 6,222
of June 30,2013 as per Bartel
Associates,LLC.
27 Obligation for unused employee Unfunded Liabilities 9/30/2011 11/26/2024 City employees directly Obligation for unused employee Merged 49,662 N 13,541 $ 13,541
General Leave earned and vested involved in Housing and General Leave earned and vested as
Redevelopment projects per MOUs and AS 1X26
and administration
28 Successor Agency Compliance per Professional 517f2007 41302015 Tierra West Financial and Real estate consultant Merged N $
H 8 S Code 33433 Services
Recognized Obligation Payment Schedule(ROPS)14-15A-ROPS Detail
July 1,2014 through December 31,2014
(Report Amounts in Whole Dollars)
A B C D E F G H I J K L M N Off..nth
FundingSource
Non-Redevelopment Property Tax Trust Fund
(Non-RPTTF RPTTF
Contract/Agreement Contract/Agreement Total Outstanding
Item# Project Name/Debt Obligation Obligation Type Execution Date Termination Date Payee Description/Project Scope Project Area Debt or Obligation Retired Bond Proceeds Reserve Balance Other Funds Non-Admin Admin
29 Bella Terra Parking Infrastructure OPA/DDA/Construcb 10/2/2000 9/30/2025 Bella Terra Associates LLC Property Tax Sharing Agreement Merged 13,148,725 N $
Property Tax Sharing Agreement on required under the terms of the Omer
Participation Agreement(dated
10/2/2000)and Second
Implementation Agreement(dated
9/17/2007)for the development of the
Huntington Center(Bella Terra).
Includes legal requirements to enforce
obligation.
30 Bella Terra Phase II Property Tax OPA/DDA/Construc0 10/4/2010 7/1/2036 Bella Terra V81as,LLC Agreement approved on October 4, Merged 24,651,414 N - $
Sharing Agreement on 2010 for construction of a 467 mixed-
use unit project.Construction is
complete and financed by property tax
allocations.Includes legal
requirements to implement obligation.
32 Operative Agreement for the City/County Loans 6117/2002 10/1/2030 City of Huntington Beach Loan repayment for advance made on Southeast Coastal N $ -
Huntington Beach Redevelopment On or Before 6127/11 capital projects in FY 2004/05
Project
38 Litigation expenses for City of Litigation 7/8/2012 7/8/2015 Kane Bahmer&Berkman Payment of litigation costs incurred Merged&Southeast Y $ -
Palmdale et 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 tax payments
eligible under Health and Safety Code
Section 34171(d)(1)(F)as amended by
AB 1484
39 Legal expenses for Successor Legal 71812012 7/8/2015 Kane Balmer&Berkman Legal expenses to ensure Successor Merged&Southeast 75,000 N $ -
Agency compliance with AB ix 26 Agency compliance with AB I 26 and Coastal
and AB 1484 pursuant to Health and AB 1484
Safety Code Section 34171(d)(1)(F)
40 Economic Analysis services related Professional 6/152010 6/15/2015 Keyser Marston Economic Analysis consulting services Merged&Southeast 100,000 N $
to Successor Agency compliance Services to ensure Successor Agency Coastal
with AB 1x 26 and AS 1484 compliance with AB I 26 and AB
pursuant to Health and Safety Code 1484
Section 34171(d)(1)(F)
41 Huntington Center Redevelopment City/County Loans 6/9/2005 10/12030 Successor Agency Land and Right-of-way acquisition Merged N
Plan development On or Before 6/27/11 costs connected with the Gerhard-
Hoover Extension project and
development of a public storage facility
42 Main-Pier Redevelopment Project City/County Loans 6/10/2005 10/1/2030 Successor Agency Costs incurred 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 Dovmtowm Main- City/County Loans 6/4/1990 10/1/2030 Successor Agency Costs incurred to acquire land vothin Merged N
Pier project area On or Before 627/11 the Main-Pier project area to
implement the construction of parking
facilities within the Downtown Main-
Pier area
44 Third Block West City/County Loans 6/18/2005 10/1/2030 Successor Agency Relocation,property acquisition,and Merged N _
commercial/residential project On or Before 627111 other project costs associated with the
Third Block West
Condominiunl/Retail/Office project in
the Main-Pier Redevelopment project
area
Recognized Obligation Payment Schedule(ROPS)14-16A-ROPS Detail
July 1,2014 through December 31,2014
(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 Property Tax Trust Fund
(Non-RPTTF) RPTTF
Contract/Agreement Contract/Agreement Total Outstanding
Item# P,o-ect Name/Debt Obligation Obligation Type Execution Date Termination Date Pa ee Descri Lion/Project Scope Project Area Debt or Obligation Retired Bond Proceeds Reserve Balance Other Funds Nan-Admin Admin Six-Month Total
45 Second Block Alley and Street Bonds Issued On or 6/1012005 10/12030 Successor Agency Property acquisition cost associated Merged N
Improvement Project Before 12/31`10 win the Second Block alley and street
improvement project
46 Strand Project City/County Loans Eli 8/2005 10/l/2030 Successor Agency Relocation costs paid to Wind and Sea Merged N
On or Before 6/27111 Surf Shop
47 Pierside Hatel/Retail/Parking City/County Loans 5/15/1992 10/1/2030 Successor Agency Relocation costs paid to Terry's Coffee Merged N
Structure Project On or Before 6/27/11 Shop and First Interstate Bank
48 Waterfront Commercial Master Site City/County Loans 311/1989 10/1/2030 Successor Agency Costs related to the relocation,buyout, Merged N
Plan On or Before 6Y27111 and demolition of Driftwood and Pacific
Mobile Home Parks related to the
Waterfront Commercial Master Site
Plan
49 Strand Project City/County Loans 10/1911992 10/V2030 Successor Agency Property acquisition costs associated Merged N
On or Before 6/27111 with the Strand Project
50 Enforcement of Successor Agency Admin Costs 2/1/2012 11/26/2024 Successor Agency,Kane Successor Agency administrative Merged&Southeast N 315 330 250 000 5 565 330
dissolution compliance and Ballmer,Keyser Marston, obligations relating to maintaining Coastal
monitoring per AB 1X26 and and Macias Gint& payments on enforceable obligations
AB1484 O'Connell LLP at at and other activities as required by AB
1 X26
51 Successor Agency Property Property Dispositions 11/l/2010 11/262024 S&S Fencing,Al Fence Fencing to secure Successor Agency Merged 3,500 N 3,500 $ 3.500
Maintenance Fencing Co.,American Fence Property
Company
52 Successor Agency Property Property 11/t/2010 11262024 TonGreen As needed weed abatement for Merged 4.000 N 4000 S 4,000
Maintenance-weed control Maintenance en roperry
ld Cove 20 A Lease Issued On or 5/30/2010 US Bank 'Dove 201 es A Lease Merged N
Revenue Refunding Bonds Before 12/31/10 ,.. Revenue Refunding Bonds Debt
Service payments
54 Pacific City-Very Low Income Units OPA/DDA/Constructi 10/16/2006 11/26/2024 Housing Authority Statutory housing obligation for Pacific Merged N 5
on City Project
55 Litigation expenses for City of Litigation 2/5/2013 2/52015 Kane Ballmer&Berkman Payment of litigation costs for property Merged - N S
Huntington Beach v.Matosanters tax payments eligible under Health and
pursuant to Health and Safety Code Safety Cade Section 34171(d)(1)(F)as
Section 34171(d)(1)(F) amended by AS 1484
56 RDA Dissolution Audit Dissolution Audits 10/8/2012 10/8/2015 Vavrinek,Trine&Day Cc Statutorily required review/audit to Merged&Southeast - N $ -
LLP .,it down the RDA_such as due Coastal
driger views
57 Bella Terra I Project Management Project Management 2W2012 1126/2024 City of Huntington Beach Project management direct cost for Merged N
Costs overseeing Bella Terra 1
58 Bella Terra 11 Project Management Project Management 2112012 11/26/2024 City of Huntington Beach Project management direct cost for Merged N
Costs overseeing Bella Terra 2
59 CIM Project Management Project Management 2/l/2012 11/26/2024 City of Huntington Beach Project management direct cost for Merged N
Costs overseeing CIM
60 Bella Terra I Financial Analysis Project Management 6/15/2010 112612024 Keyser Marston Project management direct cost for Merged N
Costs Financial analysis-Bella Terra 1
61 Bella Terra 11 Financial Analysis Project Management 6/15/2010 1126/2024 Keyser Marston Project management direct cost for Merged N
Costs Financial analysis-Bella Terra It
62 CIM Financial Analysis Project Management 6/15/2010 11/26/2024 Keyser Marston Project management direct cost for M.:.;ged N
Costs financial analysis-CIM
63 2002 Tax Allocation Refunding Bonds Issued On or 6/19/2002 8/1/2024 Bank of New York Trust Co.Amount needed to fund shortfall in Merged - N 5 -
Bonds Before 12/31/10 bond reserve account
64 Successor Agency Financial Dissolution Audits 11/4/2013 11/4/2016 Vskinnek,Trine&Day Co Statutorily required annual financial Merged 10,000 N 5
Statement Audit LLP statement audit of Successor Agency.
Recognized Obligation Payment Schedule(ROPS)14.15A-ROPS Detail
July 1,2014 through December 31,2014
(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 Property Tax Trust Fund
Non-RPTTF RPTTF
Contract/Agreement Contract/Agreement Total Outstanding
Item# Pro ect Name/Debt Obligation ON ation Type Execution Data Termination Date Payee Descri bonlPro ect Scope Project Area Debt or Obligation Retired Bond Proceeds Reserve Balance Other Funds Non-Admin Admin Six-Month Total
65 Edinger Hotel Project Project Management M612014 It262017 AON Environmental Liability Policy for Merged 39,551 N 39,551 $ 39,551
Costs Edinger Parcel Policy#PLS 15012298
Housing Authority Administrative Admin Costs 2/182014 Housing Authority Housing Entity Administrative Cost Merged 150,000 $ 150,000
Cost Allowance Allowance er AP 471
Recognized Obligation Payment Schedule(ROPS)14-15A-Report of Cash Balances
(Report Amounts 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 payment from property
tax revenues is required by an enforceable obligation.
A B C D E F G H I
Fund Sources
Bond Proceeds Reserve Balance Other RPTTF
Prior ROPS
RPTTF
Bonds Issued Bonds Issued Prior ROPS period distributed as Rent,
on or before on or after balances and DDR reserve for next Grants, Non-Admin and
Cash Balance Information by ROPS Period 12/31/10 01/01/11 1 balances retained bond payment Interest,Etc. Admin Comments
ROPS 13-14A Actuals(07/01/13-12131/13)
1 Beginning Available Cash Balance(Actual 07/01/13)
Note that for the RPTTF,1+2 should tie to columns J and 0 in the Report
of Prior Period Adjustments(PPAs) 76,421
2 Revenue/Income(Actual 12131113)
Note that the RPTTF amounts should tie to the ROPS 13-14A distribution
from the County Auditor-Controller during June 2013 467,800 5,875,998
3 Expenditures for ROPS 13.14A Enforceable Obligations(Actual
12/31113)
Note that for the RPTTF,3+4 should tie to columns L and Q in the Report
of PPAs 467,800 5.263,623
4 Retention of Available Cash Balance(Actual 12/31/13)
Note that the RPTTF amount should only include the retention of reserves
for debt service approved in ROPS 13-14A
5 ROPS 13-14A RPTTF Prior Period Adjustment
Note that the RPTTF amount should tie to column S in the Report of PPAs. No entry required
632.542
6 Ending Actual Available Cash Balance
C to G=(1+2-3-4),H=(1+2-3-4-5) $ $ $ $ $ $ 56,254
ROPS 13-14B Estimate(01/01/14-06/30/14)
7 Beginning Available Cash Balance(Actual 01101114)
(C,D,E,G=4+6,F=H4+F4+F6,and H=5+6) $ $ _ $ _ $ _ $ - $ 688,796
8 Revenue/Income(Estimate 06130114)
Note that the RPTTF amounts should tie to the ROPS 13-14B distribution
from the County Auditor-Controller during January 2014 315,330 5,655,611
9 Expenditures for 13.14B Enforceable Obligations(Estimate 06130/14)
315.330 5,655,611
10 Retention of Available Cash Balance(Estimate 06/30114)
Note that the RPTTF amounts may include the retention of reserves for
debt service approved in ROPS 13-14B
11 Ending Estimated Available Cash Balance(7+8-9.10)
$ _ $ - $ - $ - $ - $ 688,796
Recognized Obtigadon Payment 3,Sedate(BOPS)1446A-Report of Prior Paiod MNatm♦nb
aepod¢d for Me BOPS 1 31 4A(July 1,M13 Mrough D I-131,3013)Periotl Pursuant b NeaYh YM S♦rely Cab MSC)sedan 341E61.)
d1♦een AnmuM<nSN.rae
ROPS 134"CAC PPA:To be completed by Mro CAC upon submid t of Me BOPS I415A by lb,SA 10 Fnance aM
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Recognized Obligation Payment Schedule 14-15A-Notes
July 1,2014 through December 31,2014
Item# Notes/Comments
Iles. No. 2014-01
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 February 26, 2014 and that it was so
adopted by the following vote:
AYES: Board Members: Bone, Carchio, Delgado, A. Dunn, Fritzal, Harper
NOES: Board Members: None
ABSENT: Board Members: L. Dunn
ABSTAIN: Board Members: None
Secreta of the Huntington ach Oversight
Board f the Successor Age cy of the Former
City o ' untington Beach Redevelopment
Agency Huntington Beach, California
"Board Member Bone recused himself on line 2 & 13 of the RODS