HomeMy WebLinkAboutOversight Board - 2014-04 RESOLUTION NO. 2014- 04
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, 2015 THROUGH
JUNE 30, 2015 ("ROPS 14-1513")
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, 2015 and continuing through June 30, 2015 ("ROPS 14-1513") which
is attached hereto as Exhibit A; and
Under the Dissolution Act, ROPS 14-15B must be approved by the Successor Agency's
oversight board ("Oversight Board"); and
After reviewing ROPS 14-15B 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 14-1513; 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 14-15B 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 14-15B on the Successor Agency website;
(ii) transmit ROPS 14-15B 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
14-4370/112586
Oversight Board Reso. 2014-04
revisions to ROPS 14-15B as may be necessary to submit ROPS 14-15B in any modified form
required by DOF, and ROPS 14-15B as so modified shall thereupon constitute ROPS 14-15B 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
22nd day of September, 2014
Chairman
REVIEWED AND APPROVED:
EXicatye Director
APPROVED AS TO FORM:
�Agenc Counsel
2
13-3914/101076
Oversight Board Reso. 2014-04
EXHIBIT A
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
FOR THE PERIOD JANUARY 1, 2015 THROUGH JUNE 30, 2015
("ROPS 14-1513")
[behind this page]
Recognized Obligation Payment Schedule(ROPS 14-15B)-Summary
Filed for the January 1,2015 through June 30,2015 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): $ 1,643,241
B Bond Proceeds Funding(ROPS Detail) -
C Reserve Balance Funding(ROPS Detail) -
D Other Funding(ROPS Detail) 1,643,241
E Enforceable Obligations Funded with RPTTF Funding(F+G): $ 7,858,368
F Non-Administrative Costs(ROPS Detail) 7.608,358
G Administrative Costs(ROPS Detail) 250,000
H Current Period Enforceable Obligations(A+E): $ 9,501,599
Successor Agency Self-Reported Prior Period Adjustment to Current Period RPTTF Requested Funding
I Enforceable Obligations funded with RPTTF(E): 7,858,358
J Less Prior Period Adjustment(Report of Prior Period Adjustments Column S) (98,652)
K Adjusted Current Period RPTTF Requested Funding(I-J) $ 7,759,706
County Auditor Controller Reported Prior Period Adjustment to Current Period RPTTF Requested Funding
L Enforceable Obligations funded with RPTTF(E): 7,858,358
M Less Prior Period Adjustment(Report of Prior Period Adjustments Column AA)
N Adjusted Current Period RPTTF Requested Funding(L-M) 7,858,368
Certification of oversight Board Chairman: Matthew M_ Harper. Chair
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.
/s/
Signature Date
Recognized Obligation Payment Schedule(ROPS 14-15B)-ROPS Detail
January 1,2016 through June 30,2015
(Report Amounts in Whole Dollars)
A B C D E F G H I J K L M N O P
FundingSource
Non-Redevelopment Property Tax Trust Fund
Non-RPTTF RPTTF
ContracUAgreement ContracbAgree-1 Total Outstanding Reserve
Item 4 Project Name/Debt Obligation Obligation T Execution Date Termination Date Pa a Descri tionlPr ject ScopeProject Area Debt or Obligation Retired Bond Proceeds Balance Other Funds Non-Admin Admin Six-Month Total
$ 85,394,463 $ - $ - $ 1,643,241 $ 7,608,358 $ 250,000 $ 9,501599
1 Lend See Emerald Cove C' /Coon Loam 5118/2009 10/1R030 COHB Park A&D Fund Lecially Elindina Operative Agreement Merged N
2 Hyatt Regency Huntington Beach OPArDDA/C—ouch 9/1411998 91302023 PCH Beach Resorts LLC Disposition and Development Merged 4,914 489 N 975.806 337.596 1,313,402
Project on Agreement approved on September
14.1998 for the Waterfront
Development
3 2002 Tax Allocation Refunding Bonds Issued On or 6119/2002 8/l/2024 Bank of New York Trust Co.Tax Allocation Bonds Debt Service Merged 13,050,138 N 1,627,138 1,627.138
Bonds Before 12/31/10 Payments
4 1999 Tax Allocation Refunding Bonds Issued On or 1112/1999 8/112024 Bank of New York Trust Co.Tax Allocation Bonds Debt Service Merged 5,982,295 N 749,824 749,824
Bonds Before 12/31110 Pa menu
5 2002 Tax Allocation Refunding Fees 11117/2010 11/17/2016 Arbitrage Compliance Tax Allocation Bonds arbitrage rebate Merged 500 N 500 500
Bonds Specialist calculation-Federal IRS Compliance
6 1999 Tax Allocation Refunding Fees I I/172010 11/17/2016 Arbitrage Compliance Tax Allocation Bonds arbitrage rebate Merged Soo N 500 500
Bonds Specialist calculation-Federal IRS Compliance
7 2002 Tax Allocation Refunding Bonds Issued On or 61192002 8I112016 Internal Revenue Service IRS Arbitrage Rebate Payment Merged - Y - -
Bonds Before 12/31/10
8 2002 Tax Allocation Refunding Bonds Issued On or 6/19/2002 8/112024 Bank of New York Mellon Tax Allocation Bonds-Payment to Merged 1,600 N 1,600 1,600
Bonds Before 12J31/10 Fiscal Agent
9 1999 Tax Allocation Refunding Bonds Issued On a IM211999 8/1I2024 Bank of New York Mellon Tax Allocation Bonds-Payment to Merged 1'600 N 1,600 1,600
Bonds Before 12131/10 Fiscal Agent
10 2002 Tax Allocation Refunding Fees 11312001 8/112016 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 81112016 Harrell&Company Preparation and filing of Continuing Merged 2,025 N 2,025 2.025
Bonds Advisors,LLC Disclosure Annual Reports and
Material Event Notices
12 Emerald Cove 2010 Series A Lease 010 Wi12021 US Bank Emerald Cove 2010 Series A Lease Merged -- N - - -
Revenue Refunding Bonds Before 12/31110 Revenue Refunding Bonds Debt
Service Pe menta
13 HUD Section 108 Infrastructure Bonds Issued On or 7/21/2010 8/112019 Bank of New York Mellon Legally binding and enforceable loan Merged 2,518,786 N 466 072 466,072
Loan for Hyatt/HiKon 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/Construcb 611/1999 9/3012033 CIM Group,LLC and Kane Property Tax Sharing Agreement Merged 6,748,571 N 702.904 702,904
Parking&Infrastructure on Balmer 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/Constructi 1/20/2009 9'30/2033 CIM Group,LLC Property Tax Sharing Agreement Merged 414,402 N 49.576 49.576
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/Construcb 10/1612006 1 D/16/2026 Maker Properties&Kane Owner Participation Agreement Merged 5,520,000 N 20,000 20,000
on Ballmer and Berkman approved on October 16,2006 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 14-158)-ROPS Detail
January 1,2015 through June 30,2016
(Report Amounts in Whole Dollars)
A D C D E F O H I J K L M N O P
Funding Source
Non-Redevelopment Property Tax Trust Fund
Non-RPTTF RPTTF
Contractlggreement Contract/Agreement Total Outstanding Reserve
Item k Project Name Debt Obligation Obligation Type Execution Date Tennination Date Pa ee Descri tion Pro ect Scope Project Area Debt or Obligation Retired Bond Proceeds Balance Other Funds Non-Ado,m Admin Six-Month Total
17 Pacific City-Very Low Income Units OPArDDA/Constructi 10/162006 11262024 Maker Properties 15%affordable housing requirement Merged N
on pursuant to Attachment 5 of the Omer
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.
19 Repayment of SERAF Debt SERAF/ERAF 5/10/2010 11126/2024 Housing Authority Legally enforceable obligation for Merged N
Obligation 2009 SERAF Loan repayment
20 Repayment of SERAF Debt SERAF/ERAF 5/102011 11/262024 Housing Authority Legally enforceable obligation for Merged 720,693 N Obligation 2010 SERAF Loan repayment
21 Abdelmudi Omer Participation OPA/DDA/Construct 5/28/1991 12i3l2017 Abdelmudi Development Omer Participation AgreementlRent Merged 10,000 N 10.000 10,000
AgreemenbRent Differential on Company Differentiat Agreement approved em
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 Ca1PERS Pension Unfunded Liabilities 6/30/2011 11262026 CeIPERS Unfunded CeIPERS pension obligation Merged 2,969,608 N 116,063 116,G63
Liabilities as per CeIPERS actuarial valuation as
of June 30,2012
24 Unfunded Supplemental Retirement Unfunded Liabilities 9/302011 11262026 US Bank Unfunded actuarial accrued liability as Merged 564,127 N 66,550 66,550
Liabilities of September 30,2013 as per actuarial
valuation by Bartel Associates,LLC.
26 Unfunded OPEB Liabilities Unfunded Liabilities 6/302011 1126/2024 CeIPERS/CERBT Unfunded actuarial accrued liability as Merged 247.354 N 31.817 31 817
of June 30,2013 as per Bartel
Associates,LLC.
27 Obligation for unused employee Unfunded Liabilities 9/302011 I i26/2024 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 AB 1X26
and administration
28 Successor Agency Compliance per Professional 5/7/2007 4130/2015 Terra West Financial and Real estate consultant Merged Y -
H 8 S Code 33433 Services
29 Bella Terra Parking Infrastructure OPA/DDA/Constructi 10=000 9/3012025 Bella Terra Associates LLC Property Tax Sharing Agreement Merged 12 685.312 N I.578,008 1.576 008
Property Tax Sharing Agreement on required under the terms of the Omer
Participation Agreement(dated
1012/1 and Second
Implementation Agreement(dated
91172007)for the development of the
Huntington Center(Bella Terra).
Includes legal requirements to enforce
obligation.
30 Bella Terra Phase II Property Tax OPA/DDA/Construcb 10/42010 7/12036 Bella Terra Villas,LLC Agreement approved on October 4, Merged 24 651 414 N 600,000 600.000
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 6/17/2002 10/12030 City of Huntington Beach Loan repayment for advance made on Southeast Coastal N
Huntington Beach Redevelopment On or Before 627/11 capital projects in FY 2004105
Project
Recognized Obligation Payment Schedule(ROPS 141-1513)-ROPS Detail
January 1,2015 through June 30,2016
(Report Amounts in Whole Dollars)
r B C D E F G H I J K L M N O P
Fundin Source
Non-Redevelopment Property Tax Trust Fund
NondlPTTF) RPTTF
ContracVAgreement Contract/Agreement Total Outstanding Reserve
Pro ect Name/Debt Obl'ation Obl'ation T Execution Date Temrination Date Pa ee Descri tion/P -ect Sco Project Area Debtor Obli ation Retired Bond Proceeds Balance Other Funds Non-Admin Admit, Six-Month Total
Legal expenses for Successor Legal 7/8/2012 7/8/2015 Kane Ballmer&Berkman Legal expenses to ensure Successor Merged&Southeast 75,000 N 75,000 75,000
Agency compliance with AB 1x 26 Agency compliance with AB 1x 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 6/15/2010 6/15/2015 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 AB 1 x 26 and AB 1484 pursuant compliance with AB 1 x 26 and AB
to Health and Safety Code Section 1484
34171(d)(1)(F)
41 Huntington Center Redevelopment City/County Loans 6/9/2005 10/1/2030 Successor Agency Land and Right-of-way acquisition Merged N -
Plan development On or Before 6127/11 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 6127/11 the Main-Pier project area for Phase II
development projects
43 Development of Downtown Main- City/County Loans 6/4/1990 10/1/2030 Successor Agency Costs incurred to acquire land within Merged N -
Pier project area On or Before 6/27111 the Main-Pier project area to
implement the construction of parking
facilities within the Downtown Main-
Pierarea
44 Third Block West City/County Loans 6/18/2005 10,1112030 Successor Agency Relocation,property acquisition,and Merged N -
commercial/residential project On or Before 6127/11 other project costs associated vAth the
Third Block West
Condominium/Retail/Office project in
the Main-Pier Redevelopment project
area
45 Second Block Alley and Street Bonds Issued On or 6/10/2005 10/1/2030 Successor Agency Property acquisition cost associated Merged N -
Improvement Project Before 12/31/10 with the Second Block alley and street
improvement project
46 Strand Project City/County Loans 6/1812005 10/1/2030 Successor Agency Relocation costs paid to Wind and Sea Merged N On or Before 6/27/11 Surf Shop
47 Pienade HoteVRetaiVParking City/County Loans 5/1511992 10/V2030 Successor Agency Relocation costs paid to Terry's Coffee Merged N
Structure Project On or Before 6127/11 Shop and First Interstate Bank
48 Waterfront Commercial Master Site City/County Loans 3/111989 10/112030 Successor Agency Costs related to the relocation,buyout. Merged N
Plan On or Before 6/27111 and demolition of Driftwood and Pacific
Mobile Home Parks related to the
Waterfront Commercial Master Site
Plan
49 Strand Project City/County Loans 10119/1992 10/1/2030 Successor Agency Property acquisition costs associated Merged N
On or Before 6127111 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 714.710 N 464,710 250,000 714.710
dissolution compliance and Balmer,Keyser Marston, obligations relating to maintaining Coastal
monitoring per AB 1X26 and and Macias Gini& payments on enforceable obligations
AB1484 O'Connell LLP or at and other activities as required by AB
1X26
51 Successor Agency Property Property Dispositions 1111/2010 11/26/2024 S&S Fencing,At 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 11/12010 11/2612024 TruGreen As needed weed abatement for Merged 4,000 N 4.000 4,000
Maintenance-weed control Maintenance Ag-,y property
53 Emerald Cove 2010 Series A Lease Bonds Issued On or 5/3012DI O 9/1/2021 US Bank Emerald Cove 2010 Series A Lease Merged N -
Revenue Refunding Bonds Before 12/31/10 Revenue Refunding Bonds Debt
Service Pa menu
54 Pacific City-Very Low Income Units OPAIDDA/Constructi tO/16/2006 1112111124 Housing Authority Statutory housing obligation for Pacific Merged N -
on Ciry Project
Recognized Obligation Payment Schedule(ROPS 14.15B)-ROPS Detail
January 1,2015 through June 30,2015
(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
Contrect/Agreement Contract/Agreement Total Outstanding Reserve
Item# Project Name/Debt Obligation Obligation Type Execution Date Termination Date Pa ee Descri tion/Pro act Scope Project Area Debt or Obligation Retired Bond Proceeds Balance Other Funds Non-Admin Admin Six-Month Total
55 Litigation expenses for City of Litigation 2/52013 2/5/2015 Kane Ballmer&Berkman Payment of litigation costs for property Merged N -
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 34171(d)(1)(F) amended by AS 1484
56 RDA Dissolution Audit Dissolution Audits 10/82012 10/8/2015 Vavrinek,Trine&Day Co Statutorily required review/audit to Merged&Southeast N
LLP wind down the RDA,such as due Coastal
diligence reviews
57 Bella Terra I Pfcjeet(ilanagelnent Project Management VV2012 11262024 City of Huntington Beach Project management direct cost for Merged N -
Costs overseeing Bella Terra I
58 Bella Terra II Project Management Project Management 2/1/2012 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 2/1/2012 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 11/26/2024 Keyser Marston Project management direct cast for Merged N
Costs Financial analysis-Bella Terra 1
61 Bella Terra II Financial Analysis Project Management 6/152010 11/262024 Keyser Marston Project management direct cost for Merged N -
Costs Financial analysis-Bella Terra II
62 CIM Financial Analysis Project Management 6/152010 11126n024 Keyser Marston Project management direct cost for Merged N
Costs I financial analysis CIM
63 2002 Tax Allocation Refunding Bonds Issued On or 6/19/2002 8/12024 Bank of New York Trust Co.Amount needed to fund shortfall in Merged N
Bonds Before 12/31/10 bond reserve account
64 Successor Agency Financial Dissolution Audits 11/42013 11/42016 Vavrinek,Trine&Day Co Statutory required annual financial Merged 10,DOD N 1 D.000 10.000
Statement Audit LLP statement audit of Successor Agency.
65 Edinger Hotel Project Project Management 1262014 126/2017 AON Environmental LiPolicy for N
Costs Edinger Parcel Policy#PLS 15012298
66 Housing Authority Administrative Admin Costs 014 11262024 Housing Authority Housing Entity Administrative Cost N -
CostAOowance -- _._._ ___—. Allowance A.P4Zt
67 Big O Lease Termination Payment Property Dispositions 12/1/2009 6/30/2014 TBC Corporation Return of Security Deposit Payment Merged 15,000 N 15.000 15,000
upon lease termination
68 Repayment of SERAF Debt SERAF/ERAF 5/102010 11262024 Housing Authority Legally enforceable obligation for Merged 3,418,477 N 1,227.569 1,227,569
Obli ation 2009 SERAF Loan repayment
69 N
70 N
71 N
72 N
73 N
74 N
75 N
76 N
77 N
78 N
79 N
8o N
81 N
82 N
83 N
84 N
85 N
86 N
87 N
88 N
89 N
90 N
91 N
92 N
i3l N
Recognized Obligation Payment Schedule(ROPS 14-15B)-Report of Cash Balances
(Report Amounts in Whole Dollars)
Pursuant to Health and Safety Code section 34177(1),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. For tips on how to complete the Report of Cash Balances Form,see https://rad.dof.ca.gov/rad-
sa/pdf/Cash Balance Agency Tips Sheet.pdf.
A B C D E F G H I
Fund Sources
Bond Proceeds Reserve Balance Other RPTTF
Prior ROPS Prior ROPS
period balances RPTTF
Bonds Issued Bonds Issued and DDR RPTTF distributed as Rent, Non-Admin
on or before on or after balances reserve for Grants, and
Cash Balance Information by ROPS Period 12/31/10 01/01/11 retained future period(s) Interest,Etc. Ad-in Comments
ROPS 13.14E Actuals(01101/14-06130114)
1 Beginning Available Cash Balance(Actual 01/01114)
Beginning available cash balance for Column E
consists of RPTTF balances authorized to be
retained from the ROPS III period. Beginning
available cash balance for Column F is authorized
4,865,050 632,542 1,269,362 - to be used in the ROPS 14-15A period.
2 Revenue/income(Actual 06/30/14)
RPTTF amounts should tie to the ROPS 13-148 distribution from the
County Auditor-Controller during January 2014
677.339 5,655,611
3 Expenditures for ROPS 13-14B Enforceable Obligations(Actual
06/30/14)
RPTTF amounts,H3 plus H4 should equal total reported actual
expenditures in the Report of PPA,Columns L and Q 5,633,380
4 Retention of Available Cash Balance(Actual 06130114)
RPTTF amount retained should only include the amounts distributed for
debt service reserve(s)approved in ROPS 13-14B
5 ROPS 13-14B RPTTF Prior Period Adjustment
RPTTF amount should tie to the self-reported ROPS 13-14B PPA in the No entry required
Report of PPA.Column S
6 Ending Actual Available Cash Balance
C to G=(1+2-3-4),H=(1+2-3-4-5) 4,865,050 632,542 1,493,861 (76,421)
ROPS 14-15A Estimate(07/01/14-12131/14)
7 Beginning Available Cash Balance(Actual 07101/14)
(C,D,E,G=4+6,F=H4+F4+F6,and H=5+6) 4,865,050 632,542 1,493,861 22,231
8 Revenuelincome(Estimate 12131114)
RPTTF amounts should tie to the ROPS 14-15A distribution from the
County Auditor-Controller during June 2014 464,710
9 Expenditures for ROPS 14-15A Enforceable Obligations(Estimate
12/31114) 413,259 632,542 780,040
10 Retention of Available Cash Balance(Estimate 12131/14)
RPTTF amount retained should only include the amount distributed for
debt service reserve(s)approved in ROPS 14-15A
11 Ending Estimated Available Cash Balance(7+8-9-10)
4,451,791 1,178,531 22,231
Recognized Obligation Payment Schedule(ROPS 141511)-Report of Prior Period Adjustments
Reported for the ROPS 13-14B(January 1,2014 through June 30,2014)Period Pursuant to Health and Safety Code(HSC)section 34186(a)
(Report Amounts in Whole Dollars)
ROPE 13-145 Successor Agency(SA)8elfimpoltcd Paior Period Adjustments(PPA).Pursuant to HSC.action MIN(a),SAs are required to reWd amaiaeren®sbetvaen dmirevailabie Wroing and their adkoal expend--far the ROM I}14B(January through June 2014)perod The annunl of R.&.1ogreM PropoM1y Tax Trust FVM(RPTTF)approved for
the ROM 14-15S(January through Juror 2015)parba MII be o8sat by the SA's se#-repoded ROPS 1}14B prior pedotl adjustment HSC Section 3418fi(a)also spedfies that the prior perod adjustnteMs sap-repodad by 6As ere subject to a WR by the county auditor-ooMro3er(CAC)ant the Sdte Controller.
A B G D E I F G H I J K L M N O P O R S T
N..-RPTTF Expenditures RPTTF Expendibares
Net SA Non.Adnin
and A-in PPA
(Amount Used to
Offset ROPE 1445B
Bond Pmceeda Reserve Balanu Other Funds NO.Admin Admin Requested RPM)
Availabk A.Aabk Difference
It— RPM (If total actual
(RODS i}14B oiNcertce (ROM 1}148 exceed.Iota[
diet TNed+all other Ret Leese,of (If K Ia ksa than L, distributed�..other Net Leaxr of authorised,the
Project Name/De va bt ilable as of Autlwrired l the rat er - as a rather--- .b. of AuthorixdI total dirmnoroe I. Net Difference
Item# Obligation Authorised Actual Authorised Actual A-.,iud Actual Authod,,d a 0111114) Available Actual tiro) Aulho,ioml O10114) Available Actual tiro) (MHt) Sll Commerl[c
S - S - $ - 4 - $ 452,540 $ $52.840 $ 5,643,934 S 5,643.934 $ 5.643,934 S 5,545,282 $ 98.652 S MAN 3 aa.098 S 88.096 S 8a,099 S - S 98,652
1 [a1M Sale Emerab Cove
2 H rt Re n H,Mi o 734.079 734.079 734,079 T34,079 - InrJtMes RPrtFreservedlordeN mitten Me anulntd8e SIN
3 2002 T..Al..do,
R.1-dingBonds 2'N,01. 219.01. 279,019 279.019
4 1999 Ta,Aibwl
Refuntlin Bonds 128,682 129,632 129,682 1za,682
5 20D21.Albayton I.-R-lw costs aMirpated to oab n the ROPE 1415A
Relunai Bontls 500 500 500 500 '^v"adS500
8 1999 Tav Albmtion
Refundin Bonds 500 500 too 500
.fun dra
7 2002Ta.Alb®Son
Rafondin Bontls
6 2002 T..Alb.ton IMtden RPRFf WIa riMa tob m4h the RflPa 1415A
RekrWin Bonds 1,537 I.W7 1.537 1.537 -or.a neamame151537
9 1.99Tax aorda on
RW2T BOlId, 64B 848 698 848
10 .I..inr aioaar n IrcIWes RP1TF Iw costa adicipaletl b Ee gab N the RODS 1415A
Reluntlin bands 250 250 250 250 PeronmMe amount Rl3250
11 19W To.Allocation - - - IrcJtAea RPFfF iw coalsaMcipaKdkbe gab NtM ROPS 14t5A
R.fo ing Bonds I.W5 1,525 1,525 1,525 perwdtnme amow4 of 51525
12 Emerald Cove 2010
Series
A Lease Revenue
RelueMi Bonds
13 HUD Section INIMtMes RPFfF received tar dent aeMce mihe amwad ol6411 G11k
InhasbucWre Loan for ro gab bike ROPS 1415A perod
H atUHrson R.oentia, M,822 417,822 447,822 .7,822
14 Sband Hotel antl Mvetl- Iniutles RPtrF rettrved to,dent urvitt to iM.motet o1 a702903 to
U,e RojeQ.Paheq S Mgab.the it P-15A Perbd
InhasirucWre 702,903 702,903 702,903 702.903
15 Sband Project Additional IMroea RPRFreaervedlor-.eM¢-anrov.d349.75fib
Parka 49.756 49,756 49756 d9,75fi cepab actor RCP51415A period
16 Cft
17 Pacific Coy-Verytow
I--UnBs
18 Afordable H..iN - - - -
ComPl.-
Co rdy Rodevebprtie
Law,Heath and Safety
Code Section 3 'et.
seq.G,mcam mortnoriry
AS 987.
19 RepaymentofSE-
DebtObfi bon 2009
20 Repaymerdof SERAF
DowObhoaronz.1.
21 AtAe di O.vrier - - -
ft P.r.,
Agre rt Rent
DifererdlalA eelrerd 7,5og 7,500 7,500 7,500 7,5g0
22 Coverent enfircement for
A fordable hums' cbs
23 VnhuWetl C.1KRS
Pension L..19.s 105p62 IN= 105,062 105,082
24 Unhmded SupPlarrental
re Retiment Lbbi I 28,952 28,952 28,952 28,952
25 PuI&Agelxry Ratimment
Systems(PAR.)Note,
Pa able 104.802 IMA02 1D4,a02 t01.W2
26 Unfwdu"'OR"Woe ea 6,222 6322 6,222 6.222
27 Oblgatbnkrunusea
emlaloyee General Leave
aamed ant vested 13,269 131269 13.26E 17306 11,863 11,963
28 Sucttswr Agemry
Comeharoe Per H 8 S
Code 33433
Recognized Obligation Payment Schedule CROPS 14-158)-Report of Prior Period Adjustments
Reported for the ROPS 13-14B(January 1,2014 through June 30,2014)Period Pursuant to Health and Safety Code(HSC)section 3418E(a)
(Report Amounts in Whole Dollars)
ROPS 13-14B Successor A"—(SA)SNf+epoHed Prior Period Adjustments(PPA):Pursuant to HSC Section 3418E(a),SAs are requires to repod Ne tlMerences beM.een lM1eir acual avalabb funding antl their actual eapentlswes for dre ROP5 13-14B(January througM1 Jurc 2014)perbtl.TM a�nt of Redevebpment Property T..Trust FuM(RF TF)approved far
he ROPS 10.15E(January through Juno 2015)period will be offset by eM1e SA's sad-reportatl BOPS 13-14B prior period etljuslmeM.NSC SeCbn 3418E(a)ako sperm s drat the prior periM Mjushrenls seR-reported by SAs are subject le eM4 by the county eutlRor-wntrolkf(CAC)ant Me Sbte ControBef.
A B C D E F O H I J K L M N O P O R S T
NmRPTTF Expenditures RPTTF Expenditures
Net SA Non-Admin
and Admin PPA
(Amount Used to
Offset ROP514-168
Bond Proceeds Reserve Balance Other FUMs No Admin Admin Requestetl RPTTF)
Available Available Difference
RPTTF RPTTF (lf total actual
(Ron a 13 Difference (ROM 148 ezceeda total
dwtributetl a all other Net Lesser of (If K is bsa than L, dishib—♦at other Net Lesser of autMr¢ed,the
project Name l Debt _.as al Authorized) Me difference is va as of of Authodaedl total difference is Net Diference
It..# Obligation Authorized Actual Authorized Actual Authorized Actual Authorized a 0111114) Available Actual ero) Authorized 0111114) Available Actual ero) (M.R) SA Comments
S - $ - $ - S - $ 4521840 S .2,840 $ 5,643,934 3 5,643,834 S 5,643.9M $ 5.545,282 $ 98.652 S aa,ose S 88409a $ 881088 S a8,098 $ - $ 93652
29 Bella Ten.P.rbng I--.R—reserved for eed serviw in 9e amount of 3535463
IMrastructure Raperty Taa IM1e—den sernce pa—I
Shadn ement 1.692,19T 1,692,29] 1A92,'2nT 1,692,191
30 Ba.Tene Phase ll IecludesRPFlF r¢senetl for de bluneeinlheamount of st 3d.095
Propedy T..Sh...v IM1e rreai sebt seMce peymern
A.-of 1.21Jo.000 1,zop000 1,200,000 1.zoo.000
31 -node Pavilbn Owner
Po-'orlon meld
32 Operative Agreement Mr
[ho Nuntinpon Beall
Radeveb MPro R
33 Assassrrent for AES
R Taz Valuation
34 Employee
Mrminaw..,R costs
relates to dissolution of
Retleveb n
35 Employee
tenrew 11,yoR cesb
,%tad to d—Mion of
Red...I meMA n
36 Employee
tenrwraGO—pe costs
related to dissolution of
Radeveb MA n
3) Employee
temmn—raR mars
rebtea b aissolution of
Retlevela rd
39 LAigadoneaperr»stor
Cay of Pelndeb
Mabsanbs b
HeaNs aM Sa.fety Cotle
S 341Tt tl 1 F
39 legWal,1 ezpensesfor
Successes A
andA ncewdh AS 1.26
and AS 1464 pursuant to
H.in,ant Safety Code
3adbn 34111tl 1 5T,509 57509
40 Emnomc Analyses
ewted to
Successor Agency
coma Mh AS 1.26
and AS 1484 pursuant to
HeaIto ell Safety Code
SaabUl 71 NIOUR48533 48,533
41 Hur�dngton GMer - - -
RadaveblamenlPNn
de n
42 Main—Redevebpmant
Pro' 1 Phase 11
43 Gvebpnent of Downtown
MabrPier ro tlarea
44 rho-a B west
oo�r wuresiaendal
45 Second Block Allay ant
Sbeet Imo—ems.R i
46 Strand Pro'd
4T Piers4e
HotedRebidParltlrg
Structure Pro act
46 N2kdron[Gmrercbl - - - -
Mester Sie Plan
49 Strand Ro'
Recognized Obligation Payment Schedule(ROPS 14-15B)-Report of Prior Period Adjustments
Reported for the ROPS 1314E(January 1.2014 through June 30.2014)Period Pursuant to Health and Safety Code(HSC)section 34186(a)
(Report Amounts in Whole Dollars)
ROPS13-148Succesaor AWmy(SA)Belf-raparted Prior Period Ad/u.Imam.(PPAyft,wentto HSCSM.n UIW(.).SAa era raguredto ropod Me dNlerances DeMeen theb equal ava�laD4lundinp and Marc agwle.pand4urea for lha ROPE I;.14B(Janwry Mrouph Juna 2014)perod TM amount of RadevebpmeM RopaRy Tar Trust FUM(RPRF)approvatl for
he ROPS14.15B(Januarytk.Wr Juno 2015)perodvnll Deoffsetbythe SA'sseN-reported ROPSl3148pdor Mmdedryal M HSC Section 34186(a)alw spacil'ns Mat the poor peri.d adjustments uN-reported by SAs are suDjeq toaW4 by the wunh aWibr-mMrolkr(CAL)all the 6bla COMralbr.
A 8 C D E I F O H I J N L M N O P O R S T
Non-RP"F Eapendltuns RPTTF Eapandltures
Net SA Non-
Ad-and A—in PPA
(Amount Used to
Off-ROP5 144M
Bond Proceed. Reserve Balance the,Fulls NonAdmin Ad— Requested RPM)
A—..bM A-..bk DNfererNe
RPM RPM 0,1..,aclwl
(ROP513148 OiBnence (Ron14B e.ceetla total
datnbUetlra.her Net Lesser of (IINH leas than L, dlsblbuladaaN OMor Net Leaser of authorized the
Rojecl Name I Debt va4abM as of A.-r,I I the difference is vaibda as of Aullwdzed I total difference is Net Difference
Ilemp Obligation AutMrized Actual AN—ed Actual Authorized Actual ANhor— a.111,14) Available Actual ero) Aulhodzed a 0111114, A-R.. Actual no) (M.R) SA Comments
$ - $ 452.840 S 452,840 $ 5,643,em 3 5.W.034 $ 5.643.934 3 5.545,282 3 98,652 $ Wm 3 w.098 3 W.m i BB.m 3 - 3 W8652
r�2
Ag d:lutnn
oe aT98 J46,T96 88,096 88.098Apancy
Roperfy M...nan®
Fa 2.500 2.500 2 89 500 1811 6 US
Suasanor Agency
Ropady- ranm-
veedooMml 3,5D0D 3,5 511 00 3, 0 3.500 3,500
Em WCova2010S da,
A Lease R—rue
RehaM- Gonda
54 Pacific CM-very Low
wme un te
55 LNi ....,. b
city of Hu.N.Beall v.
14..fh Mos WrswM N
Heats arts Safety Code
34111 0 1 F 15,000 15AT0 ]5,000 75.000 75.000
RDA 13iszOWDon 56 RDA AW4 1],385 1],335 1],395 I].395
5] Bib Tart.I Pnp.
Mau
58 Be.Tarrson Rojad
Ma a
50 1 CIM Rc q Mane mall
60 BeRa Tena 1 Finanaal
Am sa
61 Bab Terta N Finarrcial
A e si
62 CIM Fnr Ana sis
63 .AxoraWn
Re.tunor.Bonds 29,514 29,514 29,514 29514
64 Suwnzwr A,-,
Fna 1SMtemenl AW4 t0,000 10,000 10,000 tOr%MI
Recognized Obligation Payment Schedule(ROPS 14-1513)-Notes
January 1,2015 through June 30,2015
Item# Notes/Comments
Res. No. 2014-04
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 22,2014 and that it was so
adopted by the following vote:
AYES: Board Members: Bone, Carchio, L. Dunn, Fritzal, Harper
NOES: Board Members: None
ABSENT: Board Members: A. Dunn, Delgado
ABSTAIN: Board Members: None
Secret& of the untingt each Oversight
Board of the Successor Agency of the Former
City of Huntington Beach Redevelopment
Agency Huntington Beach, California
"Board Member Bone recused himself on line 2 & 13 of the ROPS