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Council Meeting Date: August 20, 2012 Department ,_Dumber: FN 12-015
CITY OF HUNTINGTON BEACH
REQUEST FOR SUCCESSOR AGENCY ACTION
SUBMITTED TO: Honorable Successor Agency Members
SUBMITTED BY: Fred A. Wilson, City Manager
PREPARED BY: Lori Ann Farrell, Director of Finance
SUBJECT: Adopt Resolution No. 2012-01 approving the Recognized Obligation
Payment Schedule (ROPS) for the Huntington Beach Successor
Agency for the period of January 1, 2013, through June 30, 2013, in
accordance with Health and Safety Code Section 34177; and, adopt
Successor Agency Resolution No. 2012-02 approving the
Administrative Budget and related actions
Statement of Issue: On December 29, 2011, the California Supreme Court upheld ABx1
26 and directed that all redevelopment agencies in the State be dissolved effective February
1, 2012. The passage of AB 1484 on June 27, 2012, amended certain segments of ABx1 26
and was effective immediately upon signature by the Governor. Included in the changes
adopted in AB 1484 was a schedule for the adoption of the Recognized Obligation Payment
Schedule (ROPS) for the period January 1, 2013, through June 30, 2013. The Successor
Agency is requested to approve the ROPS for the January through June 2013 time period
prior to approval by the Oversight Board. An approved ROPS is required to be submitted to
the Department of Finance (DOF) by September 1, 2012.
Financial Impact: The ROPS provides the County Auditor-Controller with a payment
schedule for the former Redevelopment Agency's enforceable obligations. Once approved
by the DOF, the Successor Agency will be entitled to receive property tax revenue up to the
amount of the DOF-approved enforceable obligations included in the Payment Schedule.
Successor Agency Recommended Action: Motion to:
A) Adopt Resolution No. 2012-01, "A Resolution of the Huntington Beach Redevelopment
Agency Successor Agency Adopting the Recognized Obligation Payment Schedule For the
Period of January 1, 2013, Through June 30, 2013" in accordance with Health and Safety
Code Section 34177; and,
B) Adopt Resolution No. 2012-02 "A Resolution of the Huntington Beach Redevelopment
Agency Successor Agency Approving the Administrative Budget and Related Actions."
Alternative Action(s):
Do not adopt the Resolution and direct staff accordingly. Per Health and Safety Code
Section 34177(m)(2), the Successor Agency will be assessed a $10,000 per day penalty for
failure to submit the ROPS on a timely basis. Additionally, failure to submit the ROPS within
ten (10) days of the deadline may result in a 25% reduction of a Successor Agency's
maximum administrative cost allowance for the period covered by the delinquent ROPS.
Item 18. - 1 xB -428-
REQUEST FOR COUNCIL ACTION
MEETING DATE: 8/20/2012 DEPARTMENT ID NUMBER: FN 12-015
Analysis: As a result of the Court's ruling on the Dissolution Act, all redevelopment
agencies in California were dissolved effective February 1, 2012. The Dissolution Act and
AB 1484 prescribe the procedures to wind down the affairs of the former redevelopment
agencies. These provisions include the continued payment of enforceable obligations, as
defined in the law.
The Recognized Obligation Payment Schedule for January 1, 2013, through June 30, 2013,
requests payment for enforceable obligations associated with the former Redevelopment
Agency's Tax Allocation Bonds, Development Agreements, legal services, administrative and
other costs.
The State Department of Finance has the authority to review the ROPS and return it to the
Successor Agency for reconsideration and modification. Thereafter, the ROPS shall not be
effective until approved by the State Department of Finance.
The Administrative Budget for the January 1, 2013, through June 30, 2013, period reflects a
total of $357,500. This amount represents three percent (3%) of the projected property tax
receipts during that period.
Environmental Status: Not applicable
Strategic Plan Goal: Improve the City's infrastructure.
Enhance Economic Development.
Attachment(s):
1. Resolution No. 2012-01, "A Resolution of the Huntington Beach Redevelopment Agency
Successor Agency Adopting the Recognized Obligation Payment Schedule for the Period of
January 1, 2013 through June 30, 2013"
2. Resolution No. 2012-02, "A Resolution of the Huntington Beach Redevelopment Agency
Successor Agency Approving the Administrative Budget and Related Actions"
HB -429- Item 18. - 2
ATTACHMENT # 1
Item lR. - } iiii -430-
SUCCESSOR AGENCY
RESOLUTION NO. 2012-01
A RESOLUTION OF THE HUNTINGTON BEACH REDEVELOPMENT AGENCY
SUCCESSOR AGENCY ADOPTING THE RECOGNIZED OBLIGATION PAYMENT
SCHEDULE FOR THE PERIOD OF JANUARY 1, 2013 THROUGH JUNE 30, 2013
WHEREAS, the Huntington Beach Redevelopment Agency ("Redevelopment Agency")
was a redevelopment agency in the City of Huntington Beach ("City"), duly created pursuant to
the California Community Redevelopment Law (Part 1 (commencing with Section 33000) of
Division 24 of the California-Health and Safety Code) ("Redevelopment Law");-and
The City Council has adopted redevelopment plans for the City's redevelopment project
areas, and from time to time, the City Council has amended such redevelopment plans; and
The Redevelopment Agency was responsible for the administration of redevelopment
activities within the City; and
AB x1 26 ("AB 26") and AB xl 27 ("AB 27")were signed by the Governor of California
on June 28, 2011, making certain changes to the Redevelopment Law, including adding Part 1.8
(commencing with Section 34161) and Part 1.85 (commencing with Section 34170) ("Part 1.85")
to Division 24 of the California Health and Safety Code ("Health and Safety Code"); and
The California Redevelopment Association and League of California Cities filed a
lawsuit in the Supreme Court of California (California Redevelopment Association, et al. v.
Matosantos, et al., Case No. 5194861) alleging that AB 26 and AB 27 were unconstitutional;
and
On December 29, 2011, the Supreme Court issued its opinion in the Matosantos case
largely upholding as constitutional AB 26, invalidating as unconstitutional AB 27, and holding
that AB 26 may be severed from AB 27 and enforced independently; and
The Supreme Court generally reformed and revised the effective dates and deadlines for
performance of obligations under Health and Safety Code Part 1.85 of AB 26 arising before May
1, 2012 to take effect four months later, while leaving' the effective dates or deadlines for
performance of obligations under Health and_Safety Code Part 1.8 of AB 26 unchanged; and
As a result of the Supreme Court's decision, and on February 1, 2012, all California
redevelopment agencies were dissolved, successor agencies were established as successor
agencies to the former redevelopment agencies pursuant to Health and Safety Code Section
34173, and successor agencies are tasked with paying, performing and enforcing the enforceable
obligations of the former redevelopment agencies and winding down the affairs of the former
redevelopment agencies; and
The City Council adopted Resolution No. 2012-01 on January 9, 2012, pursuant to Part
1.85, electing for the City to serve as the successor agency to the Redevelopment Agency upon
the dissolution of the Redevelopment Agency under AB 26 ("Successor Agency"); and
SUCCESSOR AGENCY Resolution No. 2012-01
As part of the FY 2012-2013 State budget package, on June 27, 2012, the Legislature
passed and the Governor signed Assembly Bill No. 1484 ["AB 1484," Chapter 26, Statutes
2012]. Although the primary purpose of AB 1484 is to make technical and substantive
amendments to AB 26 based on issues that have arisen in the implementation of AB 26, AB
1484 imposes additional statutory provisions relating to the activities and obligations of
successor agencies and to the wind down process of former redevelopment agencies; and
Health and Safety Code Section 34179 of AB 26 as amended by AB 1484 establishes a
seven (7) member local entity with respect to each successor agency and such entity is titled the
"oversight board." The oversight board has been established for the Successor Agency
(hereinafter referred to as the "Oversight Board") and all seven (7) members have been
appointed to the Oversight Board pursuant to Section 34179. The duties and responsibilities of
the Oversight Board are set forth in Health and Safety Code Sections 34179 through 34181 of
AB 26 as amended by AB 1484; and
Pursuant to Health and Safety Code Section 34177 of AB 26, the Successor Agency (i)
prepared its draft Recognized Obligation Payment Schedule ("ROPS") by March 1, 2012, (ii)
adopted the draft ROPS on February 15, 2012 for the period ending June 30, 2012, as modified
administratively by the Executive Director, (iii) submitted the draft ROPS to the State of
California Controller's Office and the State of California Department of Finance by April 15,
2012 for the period of January 1, 2012 through June 30, 2012, (iv) amended the draft ROPS as
the first ROPS for submission to the State Controller's Office and the Department of Finance by
April 15, 2012 and revised the ROPS to reflect the time period of January 1, 2012 through June
30, 2012, and (v) adopted the second ROPS covering the period from July 1, 2012 through
December 31, 2012; and
Pursuant to Health and Safety Code Section 34177(m) of AB 26 as amended by AB
1484, the Successor Agency is required to submit the third ROPS for the period of January 1,
2013 through June 30, 2013, after its approval by the Oversight Board, to the Department of
Finance and the County Auditor-Controller no later than September 1, 2012; and
The third ROPS covering the period from January 1, 2013 through June 30, 2013 is
attached to this Resolution as.Exhibit "A," and
If adopted by the Successor Agency, the third ROPS shall thereafter be submitted to the
Oversight Board for review and approval. In this regard, Health .and Safety Code Section
34177(1)(2)(B) of AB 26 as amended by AB 1484 requires the Successor Agency to submit a
copy of the third ROPS to the County Administrative Officer, the County Auditor-Controller,
and the Department of Finance at the same time that the Successor Agency submits the third
ROPS to the Oversight Board for approval; and
Pursuant to Health and Safety Code Section 34177(1)(2)(C) of AB 26, a copy of the
approved third ROPS shall be submitted to the County Auditor-Controller and both the State
Controller's Office and the Department of Finance and shall be posted on the Successor
Agency's internet website; and
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1 2-343 1/8243 1
SUCCESSOR AGENCY Resolution No. 2012-01
Pursuant to Health and Safety Code Section 34177(m)(1) of AB 26 as amended by AB
1484, the Successor Agency shall submit a copy of the third ROPS to the Department of Finance
electronically and the Successor Agency shall complete the third RODS in the manner provided
by the Department of Finance; and
Pursuant to Health and Safety Code Section 34183(a)(2) of AB 26 as amended by AB
1484, the County is required to make a payment of property tax revenues (i.e. former tax
increment funds) to the Successor Agency by January 2, 2013 for payments to be made toward
recognized obligations listed on the third ROPS for the period of January 1, 2013 through June
30, 2013; and
Pursuant to Health and Safety Code Section 34177(l)(3) of AB 26 as amended by AB
1484, the ROPS shall be forward looking to the next six (6) months; and
According to Health and Safety Code Section 34177(1)(1) of AB 26 as amended by AB
1484, for each recognized obligation, the ROPS shall identify one or more of the following
sources of payment: (i) Low and Moderate Income Housing Funds, (ii) bond proceeds, (iii)
reserve balances, (iv) administrative cost allowance, (v) the Redevelopment Property Tax Trust
Fund but only to the extent no other funding source is available or when payment from property
tax revenues is required by an enforceable obligation or by the provisions of Part 1.85 of AB 26
as amended by AB 1484, and (vi) other revenue sources, including rents, concessions, asset sale
proceeds, interest earnings, and any other revenues derived from the former Redevelopment
Agency as approved by the Oversight Board in accordance with Part 1.85 of AB 26 as amended
by AB 1484; and
It is the intent of AB 26 as amended by AB 1484 that the RODS serve as the designated
reporting mechanism for disclosing the Successor Agency's bi-annual payment obligations by
amount and source and that the County Auditor-Controller will be responsible for ensuring that
the Successor Agency receives revenues sufficient to meet the requirements of the ROPS during
each bi-annual period; and
Notwithstanding the provisions of Health and Safety Code Section 34177(a)(1) of AB 26
as amended by AB 1484, agreements between the City and the Redevelopment Agency have
been included in the ROPS because, among other things, they have been validated by operation
of law prior to the Governor's signature of AB 26 on June 28, 2011;and
The proposed third BOPS attached to this Resolution as Exhibit "A" is consistent with
the requirements of the Health and Safety Code and other applicable law; and
This Resolution has been reviewed with respect to applicability of the California
Environmental Quality Act ("CEQA"), the State CEQA Guidelines (California Code of
Regulations, Title 14, Sections 15000 et seq., hereafter the "Guidelines"), and the City's
environmental guidelines; and
This Resolution is not a "project" for purposes of CEQA, as that term is defined by
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12-3431/82431
SUCCESSOR AGENCY Resolution No. 2012-01
Guidelines section 15378, because this Resolution is an organizational or administrative activity
that will not result in a direct or indirect physical change in the environment, per section
15378(b)(5) of the Guidelines; and
All of the prerequisites with respect to the approval of this Resolution have been met.
NOW, THEREFORE, the Huntington Beach Redevelopment Agency Successor Agency
does hereby resolve as follows:
1. The foregoing recitals are true and correct and are a substantive part of this
Resolution.
2. The adoption of this Resolution is not intended to and shall not constitute a waiver
by the Successor Agency of any rights the Successor Agency may have to challenge the
effectiveness and/or legality of all or any portion of AB XI 26 or AB 1484 through
administrative or judicial proceedings.
3. The Successor Agency's third ROPS, which is attached hereto as Exhibit "A", is
approved and adopted.
4. The Executive Director, or designee, is hereby authorized and directed to: (i)
provide the third ROPS to the Oversight Board for review and approval and concurrently submit
a copy of the third ROPS to the County Administrative Officer, the County Auditor-Controller,
and the Department of Finance; (ii) submit the third ROPS, as approved by the Oversight Board,
to the Department of Finance (electronically) and the County Auditor-Controller no later than
September 1, 2012; (iii) submit a copy of the third ROPS, as approved by the Oversight Board,
to the State Controller's Office and post the third RODS on the Successor Agency's internet
website; (iv) revise the third ROPS, and make such changes and amendments as necessary,
before official submittal of the third ROPS to the Department of Finance, in order to complete
the third ROPS in the manner provided by the Department of Finance and to conform the third
RODS to the form or format as prescribed by the Department of Finance; and (v) take such other
actions and execute such other documents as are necessary to effectuate the intent of this
Resolution on behalf of the Successor Agency.
5. The Successor Agency determines that this Resolution is not a "project" for
purposes of CEQA, as that term is defined by Guidelines section 15378, because this Resolution
is an organizational or administrative activity that will not result in a direct or indirect physical
change in the environment, per section 15378(b)(5)of the Guidelines.
6. This Resolution shall take effect upon the date of its adoption.
7. The Executive Director, or designee, is hereby authorized to make such non-
substantive changes and amendments to the third ROPS as may be approved by the Executive
Director of the Successor Agency and its legal counsel.
8. The Executive Director, or designee, is hereby authorized to revise the third
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12-3431/82431
SUCCESSOR AGENCY Resolution No. 2012-01
ROPS, and make such changes and amendments as necessary, before official submittal of the
third ROPS to the Department of Finance, in order to complete the third ROPS in the manner
provided by the Department of Finance and to conform the third ROPS to the form or format as
prescribed by the Department of Finance.
PASSED AND ADOPTED by the Huntington Beach Redevelopment Agency Successor
Agency at a regular meeting thereof held on the 2 0 t h day of Auqust 20
Chairman
REV IE APPROVED: IMTIATED AND APPROVED:
Exe v? JbArector Deputy Executive Director
APPROVED AS TO F RM:
�-�Agency Counsel
5
12-3431/82431
SUCCESSOR AGENCY Resolution No. 2012-01
EXHIBIT"A"
HUNTINGTON BEACH REDEVELOPMENT AGENCY SUCCESSOR AGENCY
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
January 1, 2013 through June 30, 2013
("Third ROPS.")
Approved on August 6, 2012
(See Attachment)
6
12-3 43 1/8243 1
Successor Agency Contact Information
Name of Successor Agency: Huntington Beach Redevelopment Agency Successor Agency
County: Orange
Primary Contact Name: Lori Ann Farrell
Primary Contact Title: Director of Finance
Address 2000 Main Street,Huntington Beach,CA 92648
Contact Phone Number: (714)536-5225
Contact E-Mail Address: loriann.farrell@surfcity-hb.org
Secondary Contact Name: Kellee Fritzal
Secondary Contact Title: Deputy Director of Economic Development
Secondary Contact Phone Number: (714)374-1519
Secondary Contact E-Mail Address: kfritzal@surfcity-hb.org
O
d
9..
SUMMARY OF RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Filed for the January 1,2013 to June 30,2013 Period
Name Of Successor Agency: Huntington Beach Redevelopment Agency Successor Agency
Total Outstanding
Debt orObligation
Outstanding Debt or Obligation $ 179,228,861
Current Period Outstanding Debt or Obligation Six-Month Total
A Available Revenues Other Than Anticipated RPTTF Funding 6,500,060.
B Anticipated Enforceable Obligations Funded with RPTTF 11;915,468
C Anticipated Administrative Allowance Funded with RPTTF 357,464
D Total RPTTF Requested B+C=D 12 272032
Total Current Period Outstanding Debt or Obligation(A+B+C=E)Should be the same amount as ROPS form six-month total $ 1 8,772 932
E Enter Total Six-Month Anticipated RPTTF Funding(Obtain from county auditor-controller) 71927,517i
F Variance E-D= F Maximum RPTTF Allowable should not exceed Total Anticipated RPTTF Funding $ `'(4,351,415)
Prior Period(January 1,2012 through June 30,2012) Estimated vs.Actual Payments(as required in HSC section 34186(a))
G Enter Estimated Obligations Funded by RPTTF(Should be the lesser of Finance's approved RPTTF amount including admin allowance or the actual amount distributed) 7,519,850
H Enter Actual Obligations Paid with RPTTF 6,215,092
I Enter Actual Administrative Expenses Paid with RPTTF 250,000
J Adjustment to Redevelopment Obligation Retirement Fund G- H+I =J ,1,054,758.
K Adjusted RPTTF(The total RPTTF requested shall be adjusted if actual obligations paid with RPTTF are less than the estimated obligation amount.) $_ 11,218,1714
Certification of Oversight Board Chairman:
Pursuant to Section 34177(m)of the Health and Safety code, Name Title
I hereby certify that the above is a true and accurate Recognized
Obligation Payment Schedule for the above named agency.
Signature Date
Name of Successor Agency: .Huntington Beach Redevelopment Agency Successor Adency
County: Orange Oversight Board Approval Data:
RECOGNIZED OBLIGATION PAYMENT SCHEDULE CROPS III)
January 1,2013 through June 30,2013
Total Funding Source
Outstanding Total Due During
Contract/Agreement Contract/Agreement
Debt or Fiscal Year Bond Reserve Admin
Item# Project Name!Debt Obligation Execution Date Termination Date Payee_ Descrl lion/Pro ect scope Protect Area Obligation 2012-13 LMIHF Proceeds Balance Allowance RPTTF Other Six-Month Total
Grand Total- ,:I - -- - S. 179228851 S:': 19064,581 E.:.6500000 S - - E --- E..- 357464 S -11915468 E. E' 18772932.
Land Sale Emerald Cove May 18,2009 October 1, 0030 COILS Park A&D Fund Legally Binding Operative Agreement Principal Amount- -
$1,740,834,Interest Rates 3.81%,Debt Incurred on May
1 18,2009 Merged 5.676.433 442905 442.905 442905.
Hyatt Regency Huntington Beach September 14,19911, September 30,2023 Robert Mayer Corporation Disposition and Development Agreement approved on
Project amended February 5, September 14,1998 for the Waterfront Development
2 2001 Merged 1 5.433,057 1,043J48 1 1,043.146 1043146
3 2002 Tax Allocation Refunding Bonds June 19 2002 Au ust 1 2024 Bank of New York Trust Co. Tax Allocation Bonds Debt Service Pa merits Merged 16,329,113 1,640,938 1,640,938 i 640.938
4 1999 Tax Allocation RefundingBonds January12 1999 August 1 2024 Bank of New York Trust Co. Tax Allocation Bonds Debt Service Pa menu Merged 7.472.947 743 289 743,289 743 289.
2002 Tax Allocation Refunding Bonds November 17,2010 November 17,2013 Arbitrage Compliance Tax Allocation Bonds arbitrage rebate calculation-
5 S eclalist Federal IRS Com liance Merged 500 500 500 500
1999 Tax Allocation Refunding Bonds November 17,2010 November 17,2013 Arbitrage Compliance Tax Allocation Bonds arbitrage rebate calculation-
6 S ecialist Federal IRS Com liance Merged 500 500 Soo 500
7 2002 Tax Allocation RefundingBonds June 19 2002 August 1 2D16 Internal Revenue Service IRS Arbitra a Rebate Pa merit Merge 528754 528,754 528,754 -528 754
8 2002 Tax Allocation RefundingBonds June 19 2002 August 1 2024 Bank of New York Mellon Tax Allocation Bonds-Payment to Fiscal Agent Merged 1 537 1,537 1,537 :.:1 537
9 1999 Tax Allocation Refund in Bonds Janus 12 1999 Au ust 1,2024 Bank of New York Mellon Tax Allocation Bonds-Pa ment to Fiscal Age t Merged 848 848 848 .:848
2002 Tax Allocation Refunding Bonds July 7,2009 July 7,2012 Hanell&Company Advisors, Preparation and filing of Continuing Disclosure Annual
10 LLC Reports and Material Event Notices merged 250 250 250 250
1999 Tax Allocation Refunding Bonds July 7,2009 July 7,2012 Harrell&Company Advisors, Preparation and filing of Continuing Disclosure Annual
11 LLC Re orts and Material Event Notices Merged 1 525 1,525 1 525 1 525.
Emerald Cove 2010 Series A Lease May 13,2010 September 1,2021 US Bank Emerald Cove 2010 Series A Lease Revenue Refunding
12 Revenue ReNndin Bonds Bonds Debt Service Payments Mer ed 3,649,634 404,932 404,932 404 932
HUD Section 108 Infrastructure Loan July 21,2010 August 1,201g Bank of New York Mellon Legally binding and enforceable loan agreement with the
for HyattiHilton Properties U.S.Department of Housing and Urban Development for -
13 ca ital im rovemems Merged 3,025,000 427,512 427.512 427,512
Strand Hotel and Mixed-Use Project, June 1999 to November September 30,2033 CIM Group,LLC and Kane Property Tax Sharing Agreement under the Disposition
Parking&infrasWcture 2008 Ballmer and Berkman 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
14 1 November 2008. Merged 13344723 702,903 702903 - 702903
Strand Protect Additional Parking January 20,2009 September 30,2033 CIM Group,LLC Property Tax Sharing Agreement under the Disposition
and Development Agreement(DDA)and Sixth
Implementation Agreement for the Strand projects parking
15 structure authorized on January
anua 20 2009. Merged 1,039,285 49,576 49.576 M19 578
Pacific City October 16,2006 FY 2030-31 Maker Properties&Kane Omer Participation Agreement approved on October 16,
Balmer and Berkman 2006 for future development of a 31-acre site located at
Pacific Coast Highway and First Street and financed by
18 roe taz allocations. Merged 5,520,000 20,000 20,000 20000
Pacific City-Very Low Income Units October 16.2006 FY 2030-31 Maker Properties 15%effordablehousing requirement pursuant to
Attachment 5 of the Owner Participation Agreement
approved on October 16,2006.Of the 15%required
housing abligabon,5%very-low income housing is to be
developed by the Housing Authority.The Developer is
required to provide the remaining 10%on site.
17 Merged 6,500 000 6,500 000 6,500,000 6 500 000
Affordable Housing Compliance Original Agreement July 20,2013 Amerinatlonal Statutory obligation for housing compliance services
pursuant to the requirements of Section effective July 20,20101 pursuant to the requirements of Section 33413(b)(4)and
33413(b)(4)and 33490(a)(2)and(3)of Amended on July 26,2011 33490(a)(2)and(3)of the California
the California Community Redevelopment Law,Health and Safety Code
Community Redevelopment Law, Section 33000,et seq and eligible under Health and
Health and Safety Code Section 33000, Safety Code Section 34171(d)(1)(F)
et seq.Covenant monitoring per AS
18 987. Merged 75.000 75,000 75,000 75009
Repayment of SERAF Debt Obligation May 10,2010 FY 2014-15 Housing Authority Legally enforceable obligation for SERAF Loan repayment
19 12009 Merged 3,331 300
Repayment of SERAF Debt Obligation May 10.2011 FY 2015-16 Housing Authority Legally enforceable obligation for SERAF Loan repayment
r2l
2010 Merged 706,842
Abdelmudi Owner Participation May 26,1991 and December 31,2017 Abdelmudi Development Owner Participation Agreement]ant Differential
Agreemeni/Rent Differential Agreement November 21,1994 Company Agreement approved on May 28,1991 for the
development of the three story building at the Oceanview
Promenade.The Third Implementation Amendment took
effect on November 2l 1994. Merged 8,000 6,000 6,000 8,000
Covenant enforcement for Affordable February 20,2012 February 20,2013 Jessica Latham,Esq Statutory obligation for legal compliance and operations of
housing projects for the purpose of Housing Authority pursuant to the requirements of Section
increasing,improving and preserving 33413(b)(4)and 33490(a)(2)and(3)of the California
the City,supply of low and moderate Community Redevelopment Law,Health and Safety Code
come housing pursuant to the Section 33000,at.seq.
requirements of Section 33413(b)(4)
and 33490(a)(2)and(3)of the
Crit"'ma Community Redevelopment
Law,Health and Safety Code Section
221330
et eq. Merged 3000(1 30,000 30000 3000D
Total Fundin Source
Outstanding Total Due During
Contract/Agreement ContractfAgmement Debtor Fiscal Year Bond Reserve Adrnm
Item# Project Name/Debt Obligation Execution Date Termination Date Payee Descri lion/Project Scope Project Area obligation 2012A 3 LMIHF Proceeds Balance Allowance RPTTF Other Six-Month Total
Unfunded CeIPERS Pension Liabilities As of 6/30/10 N/A CeIPERS Unfunded CalPERS pension obligation as per CeIPERS
actuarial valuation as of June 30,201D with estimsted
23 factor increase for FY 12/13 Merged 2,674,172 190,951 95,476 '`..95478
Unfunded Supplemental Retirement As of 9130/11 NIA US Bank Unfunded actuarial accrued liability ae of September 30,
Liabilities 2012 as per actuarial valuation by Bartel Associates,LLC.
24 Merged 618,1601 57,904 28,952 :�',28 952
Public Agency Retirement Systems September 10,2010 October 10.2014 Pacific Life Ins Legally enforceable retirement obligation for early
(PARS)Notes Payable retirement Incentive program and annuity contract with
25 Pacific Life Insumnce Moo orated. Mer ed 80 035 19 965 iB 965 "-19.965
Unfunded OPEB Liabilities As of 6130/11 N/A CeIPERS/CERBT Unfunded actuarial accrued Iiabfify as of June 30,2012 as
26 er Bartel Associates LLC. Merged 252,593 12,444 6,222 6,222
Obligation for unused employee As of 9130111 audited NIA City employees directly Obligation for unused employee General Leave earned
General Leave earned and vested financial statements involved in Housing and and vested as per MOUs and AB 1X26
Redevelopment projects and
27 administration Merged 124,391 11,460 11.460 11'480
Successor Agency Compliance per H& May 7,2007 ApH130,2010 Tierra West Financial and Real estate consultant
28 S Code 33433 Merged 30.000 15,000 15,000 15.000
Bella Terra Parking Infrastructure October 2,2000 and September 30,2025 Bella Terra Associates LLC Property Tax Sharing Agreement required under the terms
Property Tax Sharing Agreement September 17,2007 and Kane Ballmer and of the Owner Participation Agreement(dated 1022000)
Berkman and Second Implementation Agreement(dated
91172007)for the development of the Huntington Center
(Bella Term).Includes legal requirements to enforce
29 vbli ation. Merged 13,847,382 1,210,008 1,210,008 '1,210,008
Bella Term Phase II October 4,2010 July 1,2036 BTDJM Phase II Assoclates Affordable Housing Agreement approved on October 4,
(DJM)and Kane Ballmer and 2010 for construction of a 467 mixed-use unit project
Berkman Project is currently under construction and financed by
Property tax allocations.Includes legal requirements to
30 implement obligation. Merged 27,438,830 - 10,000 10000
Pwade Pavilion Owner Participation July 6,2009 N/A Pierside Pavilion,LLC and Owner Participation Agreement(OPA)approved on July
Agreement Kane Ballmer and Berkman 6,2009 for the continued redevelopment of the site
located at 300 Pacific Coast Highway in Downtown
Huntington Beach.Legal services were incurred to amend
31 the le all obli ated OPA. Mer ed 4,000 4,000 4 000
Operative Agreement for the Huntington Fiscal Year 2004/05 October 1,2030 City of Huntington Beach Loan repayment for advance made on capital projects in
Beach Redevelopment Project FY 2004105
32 Southeast Coastal 283211 21.319 21,319 -21319
Assessment for AIRS Property Tax March 21,2011 March 21,2012 Van Hom Consulting Assessment for AES Property Tax Valuation
33 Valuation Southeast Coastal 5.000 5,000 5.000
Payment of costs Incurred to fulfilled collective bargaining
Employee terminabongayoff costs agreements for layoffs/terminations of City employees
related to dissolution of Redevelopment relating to the dissolution of the Redevelopment Agency Merged&
34 A en 9/302011 9/302011 Employee 1 per Health&Safely Cade Section 34171(d)1 C) Southeast Coastal 16,393 16,393 16.393 16,393
Payment of costs incurred to fulfilled collective bargaining
Employee terminatioMayott costs agreements for layoftstterminations of City employees
related to dissolution of Redevelopment relating to the dissolution ofthe Redevelopment Agency Merged&
35 Agency 9/302011 9/30/2011 Em to ee 2 per Health&Safe Code Section 341 71(d)1 C Southeast Coastal 24,483 24,483 24,483 '::'24,453
Payment of costs incurred to fulfilled collective bargaining
Employee terminationflayoff costs agreements for layoffefterminabons of City employees
related to dissolution of Redevelopment relating to the dissolution of the Redevelopment Agency Merged&
F37
Agency 9/302011 12/232011 Employee 3 per Health&Safe Code Section 34171 d i C Southeast Coastal 75,328 75,328 75,328 -75,328
Payment of costs incurred to fulfilled collective bargaining
Employee termination8ayott costs agreements for layottsnerminations of City employees -
related to dissolution of Redevelopment relating to the dissolution of the Redevelopment Agency Merged&
Agency 91302011 9/302011 Employee 4 per Health&Safety Cade Section 34171 d)(1 C I Southeast Coastal 9,728 9,728 9,728 9.728
Payment of litigation costs incurred through June 30,2012
relating to application for a Temporary Restraining Order
Litigation expenses for City of Palmdale pertaining to the June 1,2012 properly tax payments
et e/v.Matoaentoa pursuant to Health eligible under Health and Safety Code Section Merged&
38 land Safety Code Section 34171(d)1(F) 7/082012 7/82015 Kane Ballmer&Berkman 34171 d 1 F as amended by AB 1484 Southeast Coastal 13.993.00 13,993 13.993 =::13 993
Legal expenses for Successor Ageney -
compliance with AS I 26 and AS 1484
pursuant to Health and Safety Code Legal expenses to ensure Successor Agency compliance Merged&
39 Section 34171 d 1(F 7/08/2012 7/8/2015 Kane Ballmer&Berkman with AB 1x 26 and AS 1484 Southeast Coastal 150,000.00 150,000 75.000 .:.75,600
Economic Analysis services related to
Successor Agency compliance with AS Economic Analysis consulting services to ensure
Ix 26 and AB 1114 pursuant to Health Successor Agency compliance with AS 1x 26 and AS Merged&
40 end Safe Co de Section 34171d 1 F 6/152010 6/152013 Keyser Marston 1484 Southeast Coastal 200000.00 200000 1 100.000 100600
Land and Right-al-way acquisition costs connected with
Huntington Center Redevelopment Plan the Gothard-Hoover Extension project and development of
41 development 1987 10/12030 Successor A enc a ublic storage facili Merged 4418384.00 296498 296,498 ...298498
Main-Pier Redevelopment Project Costs incurred to acquire land within the Main-Pier project
42 Phase 11 1988 10/12030 SuccessorAgency area for Phase 11 development projects Merged 5.150 543.00 345,786 345,786 .1711
Costs Incurred to acquire land within the Main-Pier project
Development of Downtown Mein-Pier ea to Implement the construction of parkm faoil
is
43 project area 1988,1990 1/1112030 SuccessorA enc within the Downtown Main-Pier area Merged 3,551,211.00 238,685 238,685 238 685
Total Funding Source
Outstanding Total Due During
Contract/Agreement ContracVAgreement Debtor Fiscal Year Bond Reserve Admin
Item# Project Name 1 Debt Obligation Execution Date Termination Date Payee Description/Project Scope Project Area Obligation 2012-13 LMIHF Proceeds Balance Allowance RPTTF Other Six-Month Total
Relocation,property acquisition,and other project costs
associated with the Third Block West
Third Black West Condominium/Retail/Office project in the Maln-Pier
44 co erclal/residential project 1996 10/1/2030 Successor Agency Redevelopment project area Merged 14,971453.00 1005122 1,005122 1.005122
Second Block Alley and Street Property acquisition cost associated with the Second
45 Improvement Project 19ee 10fif2030 Successor A en Block alleyand street Improvement project Merged 345208.00 23,176 23.176 L
46 Strand Project 1996 10/12030 SuccessorA en Relocation costs aid to Wind and Sea Surf Sho Mer ed 87,501.00 5,875 5,875 Pierside Hotel/Retail/Parking Structure Relocation costs paid to Terrys Coffee Shop and First
47 Proect 1990,1992 10/1/2030 SuccessorA enc Interstate Bank Mer ed 40721200 27339 27.339Costs related to the relocation,buyout,and demolition of
Waterfront Commercial Master Site Driftwood and Pacific Mobile Home Parks related to the
48 Plan 1989,2001 10/1/2030 SuccessorA enc Waterfront Commercial Master Site Plan Mer ed 16960908.00 1,136,666 1,138.686 Property acquisition costs associated with the Strand
49 Strand Pro act 1990,1991,1994,1989 10/1/2030 SuccessorA enc Pro ect Mer ed 14,475 988.00 971,659 971,859 ccessor Agency VariousVarious Successor Agency,Kane Successor Agency administrative obligations relating to Southeast Coastal 357464 357,464 357,464 .
Name of Successor Agency: Huntington Beach Redevelopment Agency Successor Agency.
County: Orange 'r
RECOGNIZED OBLIGATION PAYMENT SCHEDULE(ROPS ill)—Notes(Optional)
January 1,2013 through June 30,2013
Item# Notes/Comments
1 In 1984,the City of Huntington Beach's Park&Acquisition Fund advanced$1,740,834 to the Redevelopment Agency to purchase the Emerald Cove Land.That same year,the Agency sold$4.6M of Certificates of Participation(COPS)to finance the construction o
the Emerald Cove Senior Housing Project.In 2000,the HB Public Finance Authority issued$18M of COPS,which was partly used to defease the RDA Emerald Cove COPS,thereby,resulting in the City completely owning the Emerald Cove Project.In May 2009,
the Agency purchased the Emerald Cove Senior Apartments for the sum of$8,483,931,including the bond debt of$5,170,931.Later that year,the Emerald Cove Senior Apartments were sold to Jamboree Housing Corporation(JHC);however,as part of the
agreement,the Agency maintained the remaining debt obligation.
2 In order to reduce the interest expense owed on the loan and to comply with the property tax sharing requirements contained in the Second Implementation Agreement to the Amended and Restated DDA,approved February 5,2001,the Agency is electing to make
the annual enforceable obligation payment from the property tax distribution to be received from the County in January 2013.
3 Amount requested includes reserve to meet debt service due as permitted by Health and Safety Code Section 34171(A)as amended by AB 1484.
4 Amount requested includes reserve to meet debt service due as permitted by Health and Safety Code Section 34171(A)as amended by AB 1484.
5 Amount requested includes reserve to meet arbitrage calculation expenses related to the 2002 Tax Allocation Refunding Bonds for the calendar year 2013 as permitted by Health and Safety Code Section 34171(A)as amended by AB 1484.
6 Amount requested includes reserve to meet arbitrage calculation expenses related to the 1999 Tax Allocation Refunding Bonds for the calendar year 2013 as permitted by Health and Safety Code Section 34171(A)as amended by AB 1484.
7 Arbitrage payment due per the requirements of the Tax Certificate for the 2002 Tax Allocation Bonds.
8 Amount requested includes reserve to meet fiscal agent expenses related to the 1999 Tax Allocation Refunding Bonds for the calendar year 2013 as permitted by Health and Safety Code Section 34171(A)as amended by AB 1484.
9 Amount requested includes reserve to meet fiscal agent expenses related to the 2002 Tax Allocation Refunding Bonds for the calendar year 2013 as permitted by Health and Safety Code Section 34171(A)as amended by AB 1484.
10 Per Section 3 of the Continuing Disclosure Certificate for the 2002 Tax Allocation Bonds,the Agency is required to prepare and provide a Continuing Disclosure Report on each April 30th.The Agency is in the process of extending its current contract with Harrell&
Company Advisors. Amount requested includes reserve to meet bond-related obligation due as permitted by,Health and Safety Code Section 34171(A)as amended by AB 1484.
11 Per Section 3 of the Continuing Disclosure Certificate for the 1999 Tax Allocation Bonds,the Agency is required to prepare and provide a Continuing Disclosure Report on each April 30th.The Agency is in the process of extending its current contract with Harrell&
Company Advisors. Amount requested includes reserve to meet bond-related obligation due as permitted by Health and Safety Code Section 34171(A)as amended by AB 1484.
12 Amount requested includes reserve to meet debt service due as permitted by Health and Safety Code Section 34171(A)as amended by AB 1484.
13 Section 108 loans are offered by the U.S.Department of Housing and Urban Development's(HUD)Community Development Block Grant(CDBG)program. The Agency's Section 108 loan is connected with the 2000 public offering by HUD. Amount requested
includes reserve to meet debt service due as permitted by Health and Safety Code Section 34171(A)as amended by AB 1484.
14 To ensure compliance with the property tax sharing requirements contained in the Property Tax Sharing Agreement under the Disposition and Development Agreement(DDA)and Sixth Implementation Agreement for the Strand project's parking structure authorize
on January 20,2009,the annual payment due will be made from the first property tax distribution received in January 2013.
15 To ensure compliance with the property tax sharing requirements contained in the Property Tax Sharing Agreement under the Disposition and Development Agreement(DDA)and Sixth Implementation Agreement for the Strand project's parking structure authorize
on January 20,2009,the annual payment due will be made from the first property tax distribution received in January 2013.
22 The Agency is in the process of extending its current contract with Jessica Lantham,Esq.
23 Contract/Agreement execution date of June 30,2010 is the date of the most recent actuarial valuation report provided by CaIPERS. Valuation report was issued October 2011.
24 Contract/Agreement execution date of September 30,2011 is the date of the most recent actuarial valuation report prepared by Bartel Associates,LLC. Valuation report was issued on August 2,2012.
26 JContract/Agreement execution date of June 30,2011 is the date of the most recent actuarial valuation report prepared by Bartel Associates,LLC. Valuation report was issued on August 2,2012.
28 The Agency is in the process of extending its current contract with Tierra West.
34 Amounts represents cost incurred for layoff of City employee performing work directly related to the former Redevelopment Agency as per Health and Safety Code Section 34171(d)(1)(C)as amended by AB 1484. Due to employee confidentiality requirements,
specific employee information has not been included,but will be provided under separate cover upon request.
35 Amounts represents cost incurred for layoff of City employee performing work directly related to the former Redevelopment Agency as per Health and Safety Code Section 34171(d)(1)(C)as amended by AB 1484. Due to employee confidentiality requirements,
specific employee information has not been included,but will be provided under separate cover upon request.
36 Amounts represents cost incurred for layoff of City employee performing work directly related to the former Redevelopment Agency as per Health and Safety Code Section 34171(d)(1)(C)as amended by AB 1484. Due to employee confidentiality requirements,
speck employee information has not been included,but will be provided under separate cover upon request.
36 Amounts represents cost incurred for layoff of City employee performing work directly related to the former Redevelopment Agency as per Health and Safety Code Section 34171(d)(1)(C)as amended by AB 1484. Due to employee confidentiality requirements,
specific employee information has not been included,but will be provided under separate cover upon request.
38 Amount represents payment of litigation costs incurred through June 30,2012 forCity of Palmdale et al.v.Matosantos relating to application for a Temporary 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 Agency compliance with AB 1x 26 and AB 1484 pursuant to Health and Safety Code Section 34171(d)(1)(F)as amended by AB 1484,which states:"Contracts or agreements necessary for the administration or operation of the
successor agency,in accordance with this part,including,but not limited to,agreements concerning litigation expenses related to assets or obligations,settlements and judgments...".
40 Consulting services for Successor Agency compliance with AB 1 x 26 and AB 1484 eligible for reimbursement pursuant to Health and Safety Code Section 34171(d)(1)(F)as amended by AB 1484,which states."[Enforceable obligations include]Contracts or
agreements necessary for the administration or operation of the successor agency,in accordance with this part,including,but not limited to,agreements concerning litigation expenses related to assets or obligations,settlements and judgments..."
41 As per Department of Finance instruction,amounts listed represent relocation and property acquisition costs as per Health and Safety Code Section 34171(d)(1)(B),which states."[Enforceable obligations include]Loans of moneys borrowed by the redevelopment
agency for a lawful purpose,to the extent they are legally required to be repaid pursuant to a required repayment schedule or other mandatory loan terms."
42 As per Department of Finance instruction,amounts listed represent relocation and property acquisition costs as per Health and Safety Code Section 34171(d)(1)(B),which states"[Enforceable obligations include]Loans of moneys borrowed by the redevelopment
agency for a lawful purpose,to the extent they are legally required to be repaid pursuant to a required repayment schedule or other mandatory loan terms."
43 As per Department of Finance instruction,amounts listed represent relocation and property acquisition costs as per Health and Safety Code Section 34171(d)(1)(B),which states"[Enforceable obligations include]Loans ofmoneys borrowed by the redevelopment
agency for a lawful purpose,to the extent they are legally required to be repaid pursuant to a required repayment schedule or other mandatory loan terms."
44 As per Department of Finance instruction,amounts listed represent relocation and property acquisition costs as per Health and Safety Code Section 34171(d)(1)(B),which states"[Enforceable obligations include]Loans of moneys borrowed by the redevelopment
agency for a lawful purpose,to the extent they are legally required to be repaid pursuant to a required repayment schedule or other mandatory loan terms."
45 As per Department of Finance instruction,amounts listed represent relocation and property acquisition costs as per Health and Safety Code Section 34171(d)(1)(B),which states"[Enforceable obligations include]Loans ofmoneys borrowed by the redevelopment
agency for a lawful purpose,to the extent they are legally required to be repaid pursuant to a required repayment schedule or other mandatory loan terms."
46 As per Department of Finance instruction,amounts listed represent relocation and property acquisition costs as per Health and Safely Code Section 34171(d)(1)(B),which states"[Enforceable obligations include]Loans of moneys borrowed by the redevelopment
agency for a lawful purpose,to the extent they are legally required to be repaid pursuant to a required repayment schedule or other mandatory loan terms."
47 As per Department of Finance instruction,amounts listed represent relocation and property acquisition costs as per Health and Safety Code Section 34171(d)(1)(8),which stales"[Enforceable obligations include]Loans of moneys borrowed by the redevelopment
agency for a lawful purpose,to the extent they are legally required to be repaid pursuant to a required repayment schedule or other mandatory loan terms."
48 As per Department of Finance instruction,amounts listed represent relocation and property acquisition costs as per Health and Safety Code Section 34171(d)(1)(B),which states."[Enforceable obligations include]Loans of moneys borrowed by the redevelopment
agency for a lawful purpose,to the extent they are legally required to be repaid pursuant to a required repayment schedule or other mandatory loan terms."
49 As per Department of Finance instruction,amounts listed represent relocation and property acquisition costs as per Health and Safety Code Section 34171(d)(1)(B),which states."[Enforceable obligations include]Loans of moneys borrowed by the redevelopment
agency for a lawful purpose,to the extent they are legally required to be repaid pursuant to a required repayment schedule or other mandatory loan terms."
50 See breakdown of administrative expenses in the Administrative Budget for the period covering January 1,2013-June 30,2013.
RPTTF To the extent RPTTF is not available to pay an enforceable obligation,then the Successor Agency is authorized to make payments on an enforceable obligation from any other funds it may have available,if any,at the time a payment is to be made.
Column
Name of Successor Agency: Huntington Beach Redevelopment Agency Successor Agency
County: Orange
Pursuant to Health and Safety Code section 34186(a)
PRIOR PERIOD ESTIMATED OBLIGATIONS vs.ACTUAL PAYMENTS
RECOGNIZED OBLIGATION PAYMENT SCHEDULE(ROPS I)
January 1,2012 through June 30,2012
LMIHF Bond Proceeds Reserve Balance Admin Allowance RPTTF Other
Page/Form Line Project Name 7 Debt Obligation Pa ee 11—riptkoNPro'ect Sco s Pro act Area Estimate Actual Estimate Actual Estimate Actual Estimate Actual Estimate Actual Estimate Actual
Grand Total 810 S .. $ E - E - f 250 000. E 250 000 S 7 269 850 E 6 215 092 E - E t72,881
Land Sale Emersld Cove COHB Park A b D Fund Legally Binding Operative Agreement
Principal Amount-$1,740,834,Interest
Rates 3.81%,Debt Incurred on May 18.
1/FormA 18 2009 Merged
MaimPier Purchase Loan Repayment Housing Authority Legally Binding and Enforceable Agreement
for Property Acquisition for the Main-Pier
2/FormA 1 Project Merged
Hyatt Regency Huntington Beach Robert Mayer Corporation Disposition and Development Agreement
Project approved on September 14,1998 f.,th.
2/FarmA 2 Waterfront Devalo manl Merged 368.626 368.626
2002 Tax Allomb,n Refunding Bonds Bankaf New York Trust Tax Allocation Bonds Debt Service
2/FormA 3 Co. Payments Merged 1,635,738 1.635,738 IA
1999 Tax Allocation Refunding Bonds Bank of New York Tmst Tax Allocation Bonds Debt Service
2/FormA 4 Co. Pa meets Merged 748.088 745743 A 2.345(8)
2002 Tax Allocatiom Refunding Bonds Arbitrage Compliance Tax Nloc,b,n Bonds arbitrage rebate
1/FonnA 5 S edalist calculation-FedarallRS Compliance Merged SOD BE(A)
1999 Tax Alloced-Refunding Bonds Arbitrage Compliance Tax Allocation Bonds arbitrage rebate
2/Fom,A 6 Specialist calwlation-Federal IRS Compliance Merged Soo 500
2002 Taz Allooetien Refunding Bonds Internal Revenue Service ISth Year Arbitrage Rebate Payment
2/Fo-A 7 Merged
2002 Tax Allocation Refunding Bonds Bank of New York Mellon Tax Allocation Bonds-Payment to Fiscal
27FonnA 8 Agent Merged
1.537 1,537 (A
1999 Tax Allocation Refunding Bonds Benk of New York
Melon Tax Allocation Bonds-Payment to Fiscal
2/FormA 8Agent Merged 848 848
2DO2 Taz Allocation Refunding Bonds AMBAC Bank of America Master Repurchase
2/Form A 10 Aqrsanmnt for Debt Service Reserve Me ad
2002 Tax Allocation Refunding Bonds Hermit B Company Preparation and filing of Continuing 3,000 3,000
Advlsore,LLC Disclosure Annual Reports and Mamraf
27FonnA 11 Event Notices Mer ad 250 275 A
1999 Tex Allocation Refunding Bonds Harrell 6 Company Preparation and filing of Continuing
Advisors,LLC Disclosure Annual Reports and Material
2/FormA 12 Event Notices Mer ad 1 1,525 1.500 A
HUD Section 108 Infraehucture Loan Bank of New York Melon Legally binding and enforceable loan
for Hy.MHilton Properties agreement with the U.S.Department of
Housing and Urban Development for capital
1/FormA 13 im rovemam[s Merged 410,350 410,350 (A
HELP Bowen Court Celimmia Housing Finance Full p.yr a tot loan borrowad by Agency
Authority for Senior Rental Complex from the State of
7/F.-A 14 Calimnnia Merged
Strand Hotel and Mixed-Use Project, CIM Group,LLC Property Tax Sharing Agreement under the
Parking b Infrastructure 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.
3/FonnA 1 Merged 677.903 677,903 (D
Strand Project Additional Parking CIM Group,LLC Property Tax Sharing Agreement under the
Disposition and Development Agreement -
(ODA)and Sixth Implementation
Agreement for the Strand projects parking
structure aw1ommd on January 20,2009.
3/FormA 2 Merged 49.576 49578 D
Pacific City Maker Properties Owner Participation Agreement approved
on Ocbber 16,2006 for future development
of a 3lacre she in
calad at Pacific Coast
Highway and First Street and Maned by
3/FormA 3 Co tax eH.catian.. Mer ed _
venant Monitoring Obligations of Housing Authority Statutory obligations for housing
Housing Authority affordability,production,reporting and
3/FonnA 4 compliance as par Government Coda. Merged
229,801 195,333
Housing Authority Covenant Kayser Marsbn Salutory obligation for Housing reporting.
3/FormA 5 monitoring per As 687 euditin and cote liens Merged 150,000 55,196
Successor Agency compliance and Ken,B,lmerand Legal msm to ensure Successor Agency
3/FormA 6 monitoring at AB 1X26 Berkman ocrInfi.n.with AS 1 X26 Merged 68,651 68651 13993 c
Independent financial statement and Macias Gini R O'Connell Independent financial statement and
compliance audit LLPcompliance of the agency in accordance
with Government AudNng Standard.
Statement on Auditing Standards(SAS)No.
-3/FormA 7 117"tom fence Audit Mar 5.042
Succeceor Agency compliance par AB Keyser M,mmn Legally binding and enforceable agreement
1%26 for continued administration and opemlion
3/FarmA 8 of Succ,ssorA enc Merged
35,589 35.589
LMIHF Bond Proceeds Reserve Balance Admin Allowance RPTTF Other
Pa e/Fonn Line Project Name/Debt Obligation Payee Description/Project Scope Project Area Estimate Actual Estimate Actual Estimate Actual. Estimate Actual Estimate Actual Estimate Actual
Affordable Housing Compliance Amerinab...I Statutory obligation for housing compliance
pursuant to the requirements of services pursuant b the requiremsnta of
Section 33413(b)(4)and 33490(e)(2) Section 33413(b)(4)and 33490(a)(2)and
and(3)of the Cafifomia (3)of t h.Califomia
Community Redevelopment Law, Community Redevelopment Law,Health
Health and Safety Code Section and Safety Code Section 33000.at seq.
33000,et seq.Covenant monitorng
4/FormA 1 rA8987. Merged 75000 27500
Affordable Housing Compliance Kane Bellmer and Statutory obligation for legal,compliance
pursuant b the requirements of B.rlonan and ope 11—of Housing Authority
Section 33413(b)(4)and 33490(a)(2) pursuant to the requirements of Section
and(3)of Ore Cal"Komi. 33413(b)(4)and 33490(a)(2)and(3)of tlhe
Community Redevelopment Law, Cafifomia Community Redevelopment Law,
Heath and Safety Code Section Health and Safety Code Section 33000,at
33000,at seq.Covenant monitoring seq.
Worm 1 2 1per AS 987. Merged 150000 13.309
Repayment of SERAF Debt Obligation Houakng Aulivrity. Legally enforceable obligation for SERAF
4/Form A 3 2009 Loan re a ant Merged
Repayment of SERAF Debt Obligation Housing Authority Legally enforceable obligation for SERAF
4/Form A 4 2010 Loan repayment Merged -
Abdelmudi Owns'
Participation Abdelmudi Development Owner Participation Agreement/Rent
Agmement/Rent Differential Company Differentia)Agreement approved on May 28,
Agreement 1991 for the development of the the.story
building at the Oceanvlew Promenade.The
Third Implarr-Wflon Amendment took
effect on November 21,1994.
4/F.rmA 5 Merged 4,812 1,46E
Covenant enforcement for Affordable Grace Jo,Esq Statutory obligation for legal compliance and
housing projects for the purpose of op—lions of Housing Authority pursuant to
creasing,Improving,and proserving the requirements of Section 33413(b)(4)and
Me City"supply of low and—do.% 33490(a)(2)and(3)of the Califmia
me housing p—nt to the Community Redevelopment Law,Health
requirements of Section 33413(b)(4) and Safety Code Section 33000,at sag.
and 33490(a)(2)and(3)of the
California Community Redevelopment
Law,Health and Safety Code Section
33000,at seq.
4/F.-A 7 Merged 40,236 20,524
Unfunded CeIPERS Pension Liabilities C.IPFRS Unfunded CeIPERS pension obligation as
per CeIPERS actuarial valuation as of June
4/FormA 1 81 30,2010. Merged - 121,906 H
Unfunded Supplemental Retirement US Bonk Unfunded actuarial accrued liability as of
Llabilltiee September 30,2011 as per sctuaral
4/Form A 9 valuation by AON Consulting,Inc. Merged 38,603 H
Public Agency Retirement Systems Pacific Life In. Legally enf,,e,bt,retirement obligation for
(PARS)Nobs Payable early retirement incentive program and
annuity contract with Pacific Life Insurance
4/FormA 10 Incorporated. Merged
Unfunded OPEB Liabilities C.IPERS/CERBT Unfunded actuarial accrued liability as of
_ June 30.2011 so par AON Consulting.Inc.
4/FarmA 11 Mer ad 8.298 N
Obligation for unusedemplovs. City employees directly Obligation for unused employee General
General Leave e.m.d and vested Irrvolved In Housing and Leave earned and vested as per MOUs and
Redevelapmerd pro)eda AS IX28
4/FarmA 1 121 and adminisbation Merged 1 7,162
Su--'Agency Compliance Nagasald and Associates Appraisal and reel estate consultant
4/FortnA 13 Merged 3,000
Successor Agency Compliance per H Tlena West Financial and Real estate consultant
4/Form A 14 8 S Code 33433 Merged 10,000 25.824
Legally enorceable obligation as per Luis Gomez Legally enforceable tuition reimbursement
Memorandum of Und votandmg with benefit as par MOU and AS IX26
4/FormA 15 barcolnino unit Merged 1,500 1,500
W1,11re Care Center City of Huntington Beach Advance from City on construction of
Conservancy Grant funded Nock wall and Southeast
5/F.-A 1 ssodabd landscaping Coastal 27.841 -
Operefive Agreement for the City of Huntington Beach Loan ropsyment for advance made on
Huntington Beach Redevelopment capital projects In FV 2004101 Southeast
Worm 2 Project Coastal 21.219 -
AssessmentforAESPropertyTax Van Horn Consulting Asesssment for AES Pmpedy Tax Valuation Southeast
5/FormA 1 3 Valuation Coastal 1 5000 -
Emerald Cove MI Series A Lease US Bank Emereld Cove 2010 Series A Lease
Revenue Refunding Bond. Revenue Refunding Bands Debt Service
8/FormB Pa to Merged 404564 96610 305954 E
Begs Tema Parking Infrastructure Bela Terre Associates LLC Property Tax Sharing Agreement required
Property Tax Sharing Agreement under the to—of the Owner Participation
Agreement(dated 10/2/2000)and Second
Implementation Agreement(dated
91172007)for the development of the
Huntington Cantor(Bella T—)
8/FormB I Merged I 1,275,D00 I(Gj 1.275.000 IG
Bella Terta Phase II BTDJM Phase II JAffrdable Housing Agreementapproved on
Associate,(DJM) October 4,2010 forooneWotion ofa467
mixed-use unit project Project is currently
under construction and financed by properly
B/Forma bxallo.b.ns. Merged
LMIHF Bond Proceeds Reserve Balance Admin Allowance RPTTF Other
Pe e7Form Line Project Name l Debt Obligation Payee Description/Project Scope Project Area Estimate Actual Estimate Actual Estimate Actual Estimate Actual Estimate Actual Estimate Actual
Enforceroantof Successor Agency S.--,Agency Successor Agency administrative
compliance and monitoring per AR obligations relating to maintaining payments
1X26 on enforceable obligations end other
6/FormC 1 activities es re uiredb AB 1X26 Mer ad 145.760 145.760 165.474 (F)
Enforcement of Successor Agency Successor Agency Successor Agencyadminislrative
compliance and monitaring per AB obligations relating to maintaining payments
1 X28 anenfo...be Midst. and other Southeast
6/Form C 2 actvites as re uiredb AB 1X26 Coastal
Pass Through Agra—Me Orange County,Various Pm and Post AB7290 statutory,payments
(Estimated)"' School District,and City of mandated by Health and Safety Code
7/Form D 1 Huntin n Beach HSC Section 33607 Mar ad 2,640,000 207,428
Pass Through Agreements Orange County,Van... Post A81290 statutory payments mandated
(Estimated)"' School Districts,and City of by Health and Safety Code(HSC)Section Southeast
7/Form D 2 HB 33607 Coast, 1 13.000
VA
Actual includes all debt service and enforceable 2bli ations a ments made from the Decembr2011 ro taz a ment"Other"fundin eo silts of interest earned on cashheldwithtustee.Amount re resents a ment of liti ation costs incuned throw h June 30.2012 for Cl of Palmdale et el.v.Matosanros ralatin toe licatfare Tem ore Restrainin Order ertaininnd Safe Code Section 34171 tl 7 F as amended b AS 1484.
Due to the$2.3 million shorts ein the June tat ro tax a mane all ore ortion of this enforceable obli ation a ment was made from the December 2011 r fax distribution.
Due to the elimination of the 20%housin set—ide requirement debt service Paymenta outstanding for the Jul-December panod are anticipated to the funded wigs RPTTF
F Aclualedministrativee ensas farthe nod toleled$415474 includin a ounts that had to ba char ed to otharfunds.
G On tlhe ROPS a roved for the Janua June 2012 dad,tlds obli lion was erronaousl listed es funded with Other Revenue Low and Modar.ta Income Housi Funds.
Per the terms of the Second Im .-.t bon Agreement to the Balls Tens Ovmer Pertici ation A reement a roved on September 17,2D07.all principal and interest a ments
are tc be made wlel kern Available Ste-Gen,mwd Pro Tax Increment This ovarw ht was conected on subs.uent ROPS submittad to the Oversl ht Board and De-orn-tof Finance.
H The A en Included menu and other eli ible mtirement benafiW allowable under Haaltlh and Safe Code Section 34173 1 7 C a enforceable obli aeons on its
Janua -June 2012 IIMS0The nc has lncluded...I amounts aid for these obfi ations.
Successor Agency
Res. No. 2012-01
STATE OF CALIFORNIA
COUNTY OF ORANGE ) ss:
CITY OF HUNTINGTON BEACH )
I, JOAN L. FLYNN the Clerk of the Successor Agency to the Former
City of Huntington Beach Redevelopment Agency, Huntington Beach, California,
DO HEREBY CERTIFY that the foregoing resolution was duly adopted by the
Successor Agency to the Former City of Huntington Beach Redevelopment
Agency at a meeting held on August 20, 2012 and that is was so adopted by the
following vote:
AYES: Shaw, Harper, Dwyer, Hansen, Carchio, Bohr, Boardman
NOES: None
ABSENT: None
ABSTAIN: None
CI of the Successor Agency to
the Former City of Huntington
Beach Redevelopment Agency,
Huntington Beach, California
ATTACHMENT #2
SUCCESSOR AGENCY
RESOLUTION NO. 2012-02
A RESOLUTION OF THE HUNTINGTON BEACH REDEVELOPMENT
AGENCY SUCCESSOR AGENCY APPROVING THE ADMINISTRATIVE
BUDGET AND RELATED ACTIONS
The Huntington Beach Redevelopment Agency ("Redevelopment Agency") was a
redevelopment agency in the City of Huntington Beach ("City"), duly created pursuant to the
California Community Redevelopment Law (Part 1 (commencing with Section 33000) of Division
24 of the California.Health and Safety Code) ("Redevelopment Law"); and
The City Council has adopted redevelopment plans for the City's redevelopment project
areas, and from time to time,the City Council has amended such redevelopment plans; and
The Redevelopment Agency was responsible for the administration of redevelopment
activities within the City; and
AB xl 26 ("AB 26") and AB xl 27 ("AB 27")were signed by the Governor of California on
June 28, 2011, making certain changes to the Redevelopment Law, including adding Part 1.8
(commencing with Section 34I61)and Fart 1.85 (commencing with Section 34170) ("Part 1.85")to
Division 24 of the California Health and Safety Code ("Health and Safety Code"); and
The California Redevelopment Association and League of California Cities filed a lawsuit in
the Supreme Court of California(California Redevelopment Association, et al. v. Matosantos, et al.,
Case No. 5194861) alleging that AB 26 and AB 27 were unconstitutional; and
On December 29, 2011, the Supreme Court issued its opinion in the Matosantos case largely
upholding as constitutional AB 26, invalidating as unconstitutional AB 27, and holding that AB 26
may be severed from AB 27 and enforced independently; and
The Supreme Court generally reformed and revised the effective dates and deadlines for
performance of obligations under Health and Safety Code Part L.85 of AB 26 arising before May 1,
2012 to take effect four months later, while leaving the effective dates or deadlines for performance
of obligations under Health and Safety Code Part 1.8 of AB 26 unchanged; and
As a result of the Supreme Court's decision, and on February 1, 2012, all California
redevelopment agencies were dissolved, successor agencies were established as successor agencies
to the former redevelopment agencies pursuant to Health and Safety Code Section 34173, and
successor agencies are tasked with paying, performing and enforcing the enforceable obligations of
the former redevelopment agencies and winding down the affairs of the former redevelopment
agencies; and
The City Council of the City adopted Resolution No. 2012-01 on January 9, 2012, pursuant
to Part 1.85, electing for the City to serve as the successor agency to the Redevelopment Agency
upon the dissolution of the Redevelopment Agency under AB 26 ("Successor Agency"), and
1
12-3431182454
SUCCESSOR AGENCY Resolution No. 2012-02
As part of the FY 2012-2013 State budget package, on June 27; 2012, the Legislature passed
and the Governor signed Assembly Bill No. 1484 ("AB 1484", Chapter 26, Statutes 2012).
Although the primary purpose of AB 1484 is to make technical and substantive amendments to AB
26 based on issues that have arisen in the implementation of AB 26, AB 1484 imposes additional
statutory provisions relating to the activities and obligations of successor agencies and to the wind
down process of former redevelopment agencies; and
Health and Safety Code Section 34179 of AB 26 as amended by AB 1484 establishes a
seven (7) member local entity with respect to each successor agency and such entity is titled the
"oversight board." The oversight board has been established for the Successor Agency (hereinafter
referred to as the "Oversight Board") and all seven (7) members have been appointed to the
Oversight Board pursuant to Section 34179. The duties and responsibilities of the Oversight Board
are set forth in Health and Safety Code Sections 34179 through 34181 of AB 26 as amended by AB
1484; and
Section 341770) of AB 26 as amended by AB 1484 requires the Successor Agency to
prepare an administrative budget for each six-month fiscal period and submit the administrative
budget to the Oversight Board for approval. The administrative budget shall include all of the
following: (i) estimated amounts for Successor Agency administrative costs for the upcoming six-
month fiscal period; (ii) proposed sources of payment for Successor Agency administrative costs;
and (iii) proposals for arrangements for administrative and operations services provided by the City
or other entity; and
Section 34177(k) of AB 26 as amended by AB 1484 requires the Successor Agency to
provide to the Orange County Auditor-Controller for each six-month fiscal period the
administrative cost estimates from its approved administrative budget that are to be paid from
property tax revenues (i.e. former tax increment revenues) deposited in the County's
Redevelopment Property Tax Trust Fund established for the Successor Agency; and
Staff of the Successor Agency seeks the Successor Agency's approval of the administrative
budget for the period of January 1, 2013 through June 30, 2013 ("Administrative Budget"), in the
form attached to this Resolution as Exhibit "A", and the Successor Agency's authorization to
submit the approved Administrative Budget to the Oversight Board for its approval and to forward
the information required by Section 34177(k)to the Orange County Auditor-Controller; and
This Resolution has been reviewed with respect to applicability of the California
Environmental Quality Act ("CEQA"), the State CEQA Guidelines (California Code of
Regulations, Title 14, Sections 15000 et seq., hereafter the "Guidelines"), and the City's
environmental guidelines; and
This Resolution is not a "project" for purposes of CEQA, as that term is defined by
Guidelines section 15378, because this Resolution is an organizational or administrative activity
that will not result in a direct or indirect physical change in the environment, per section
15378(b)(5) of the Guidelines; and
All of the prerequisites with respect to the approval of this Resolution have been met.
2
12-3431/82454
SUCCESSOR AGENCY Resolution No. 2012-02
NOW, THEREFORE, the Huntington Beach redevelopment Agency Successor
Agency does hereby resolve as follows:
1. The foregoing recitals are true and correct and are a substantive part of this
Resolution.
2. The adoption of this Resolution is not intended to and shall not constitute a waiver
by the Successor Agency of any rights the Successor Agency may have to challenge the
effectiveness and/or legality of all or any portion of AB 26 or AB 1484 through administrative or
judicial proceedings.
3. The Successor Agency's Administrative Budget for the period of January 1, 2013
through June 30, 2013, which is attached hereto as Exhibit "A", is approved and adopted.
4. The Executive Director, or designee, is hereby authorized and directed to: (i) submit
the approved Administrative Budget to the Oversight Board for its review and approval; (ii) submit
to the Orange County Auditor-Controller the administrative cost estimates from the Administrative
Budget that are to be paid from property tax revenues deposited in the County's Redevelopment
Property Tax Trust Fund established for the Successor Agency; and (iii) take such other actions and
execute such other documents as are necessary to effectuate the intent of this Resolution on behalf
of the Successor Agency.
5. The Successor Agency determines that this Resolution is not a"project" for purposes
of CEQA, as that term is defined by Guidelines section 15378, because this Resolution is an
organizational or administrative activity that will not result in a direct or indirect physical change in
the environment, per section 15378(b)(5) of the Guidelines.
6. This Resolution shall take effect upon the date of its adoption.
PASSED AND ADOPTED by the Huntington Beach Redevelopment Agency Successor
Agency at a regular meeting thereof held on the 2 0 t h day of August , 2012
Chairman
REVIE D APPROVED: E AND APPROVED:
Exe#i'Wbirector Deputy Executive Director
APPROVED AS TO FORM:
Agency Counsel
3
1 2-3 43 1182454
SUCCESSOR AGENCY Resolution No. 2012-02
EXHIBIT"A"
HUNTINGTON BEACH REDEVELOPMENT AGENCY SUCCESSOR AGENCY
ADMINISTRATIVE BUDGET
FOR THE PERIOD OF JANUARY 1, 2013 THOUGH JUNE 30, 2013
(See Attachment)
4
12-3431/82454
4:—X1v611 '/7 .
:.Successor Agency
,\
A ve tlministratl Budget
t Department Budget Summary Other Funds by Object Account
OTHER:'FUNDS
—AT "<1 ;ris ,a z� -
t �mc
9. '• �. x rrOctober1 ., Januaryl� Percent.
x s
$ aFYi2008/S�FY2009/10 FY2010/11 FY'2011712 FY,2011/12 °Decerobe�31 2012 June 3Q`2p13 . Chan a From'
--' ' i .`.�a �'-,;:7s" .r>; 'r . ,� - s - 9.
r
Ex ndrtureaObect:Account4� ..._A�� ...ActuaG .-,xActuala �.a„Actual�_ ,;�.Ado ted_a;. .:Revised. Revised:,. �.gPro�osedd,. �PriorYear.:-
cc7�r2F Administration t3sol
..PERSONAL SERVICES
Salaries-Permanent 119,415 100.00%q
Salaries-Temporary
Benefits 45,472 100.00%
'PERSONALSERVICES... a xF:- ., .,. .n a. .• ;:. e . s: ... ::. .: s _ s<?F. : :164`886- 100.00%
OPERATING EXPENSES
Utilities
Equipment and Supplies 6,000 100.00%
Repairs and Maintenance 2,500 10000%
nferences and Training 5,000 100.00%
Hrofessional Services 179,114 100:00%
Administrative Allowance(ROPS 1) 250,000 100.00%
Administrative Allowance ROPS II 83,708 83,708 10000%0
rOPERATING`EXPENSES v .: �.. u.;_';� .. �,. �t �333,708 u._ 83,708 -_=192614 100.00%
Total 333;708 ' 83,708 357,500 100:00%
Significant Changes
Pursuant to Assembly Bill x1 26,the Successor Agency receives 3%of property tax receipts, or$250,000,whichever is greater,on a semi-annual basis for administration and the
"winding down"of the former Redevelopment Agency. In addition,the Successor Agency receives a distribution of property tax based on the Recognized Obligation Payment Schedule
(ROPS)on a semi-annual basis. For FY 2011/2012 the Administrative Allowance approved by the Department of Finance totaled$250,000. For the six-month period covering July 1
to December 31,2012,the Administrative Allowance approved by the Department of Finance totaled$167,416.
Successor Agency
Res. No. 2012-02
STATE OF CALIFORNIA
COUNTY OF ORANGE ) ss:
CITY OF HUNTINGTON BEACH )
I, JOAN L. FLYNN the Clerk of the Successor Agency to the Former
City of Huntington Beach Redevelopment Agency, Huntington Beach, California,
DO HEREBY CERTIFY that the foregoing resolution was duly adopted by the
Successor Agency to the Former City of Huntington Beach Redevelopment
Agency at a meeting held on August 20, 2012 and that is was so adopted by the
following vote:
AYES: Shaw, Harper, Dwyer, Hansen, Carchio, Bohr, Boardman
NOES: None
ABSENT: None
ABSTAIN: None
Cle . of the Successor A69ncy to
the Former City of Huntington
Beach Redevelopment Agency,
Huntington Beach, California
CITY OF HUNTINGTON BEACH
INTER-DEPARTMENTAL COMMUNICATION
FINANCE DEPARTMENT
TO: JOAN FLYNN, CITY CLERK
FROM: LORI ANN FARRELL, DIRECTOR OF FINANCE
DATE: AUGUST 20, 2012
SUBJECT: SUPPLEMENTAL COMMUNICATION FOR THE CITY COUNCIL
MEETING OF AUGUST 20, 2012
Item No. 18 — "Adopt Resolution No. O/ approving the Recognized Obligation
Payment Schedule (ROPS) for the Huntington Beach Successor Agency for the
period of January 1, 2013 through June 30, 2013, in accordance with Health and
Safety Code Section 34177; and, adopt Successor Agency Resolution No. a —��
approving the Administrative Budget and Related Actions", has corrections to
Exhibit A of Attachment 1 and Exhibit A of Attachment 2.
Attached is a copy of the corrected Exhibit A of Attachment 1- January 1, 2013
through June 30, 2013 ROPS and Exhibit A of Attachment 2- the Successor
Agency Administrative Budget.
Thank you.
SUPPLEMENTAL
COMMUNICATION
MWng Date: 9/,�,71.b
Apnft Item No.
Successor Agency Contact Information
o Name of Successor Agency: Huntington Beach Redevelopment Agency Successor Agency
N County: Orange
0
N Primary Contact Name: Lori Ann Farrell
Z Primary Contact Title: Director of Finance
Address 2000 Main Street,Huntington Beach,CA 92648
o Contact Phone,Number: (714)536-5225
Contact E-Mail Address: loriann.farrell@surfcity-hb.org°-a-z
Secondary Contact Name: Kellee Fritzal d
Secondary Contact Title: Deputy Director of Economic Development,
Secondary Contact Phone Number: (714)374-1519
U
U Secondary Contact E-Mail Address: kfritzal surfcity-hb.org
O
U
U
I
W
o
N_
O
N
O
Total Outstanding
O Debt or Obli ation
.Y
Outstanding Debt or Obligation $ 172,728,851
(U
Current Period Outstanding Debt or Obligation Six-Month Total
U A Available Revenues Other Than Anticipated RPTTF Funding
B Anticipated Enforceable Obligations Funded with RPTTF 17,915,468
Q C Anticipated Administrative Allowance Funded with RPTTF 367,464
D Total RPTTF Requested B+C=D 12,272,932
Total Current Period Outstanding Debt or Obligation(A+B+C=E)Shout bdt a the same amount as ROPS form six-month total $ 12 272,932
WE Enter Total Six-Month Anticipated RPTTF Funding(obtain from county auditor-co`ntrolleq, 7,921,517
U F Variance E-D= F Maximum RPTTF Allowable should not exceed Total Anticipated RPTTF Funding $ (4,361,415)
Prior Period-(Januaty 1,2012 through June 30,2012) Estimated vs.Actual Payments(as required in HSC section 34186(a))
G Enter Estimated Obligations Funded by RPTTF(Should be the lesser of Finance's approved RPTTF am:'>induding admin allowance or the actual amount distributed) 7,519,850
Q H Enter Actual Obligations Paid with RPTTF 6,215,092
Y I Enter Actual Administrative Expenses Paid with RPTTF 250,000
J Adjustment to Redevelopment Obligation Retirement Fund G- H+I =J 1,054,758
K Adjusted RPTTF(The total RPTTF requested shall be adjusted if actual obligations paid with RPTTF are less thamt�e estimated obligation amount) $ 11,218,174
W
Certification of Oversight Board Chairman:
Pursuant to Section 34177(m)of the Health and Safety code, Name Title
1 hereby certify that the above is a true and accurate Recognized
Obligation Payment Schedule for the above named agency.
Signature Date
Name of Successor Agency: Huntington;each Rade Iu0 lAg cy S--'Agrimqy
County: Orange Oversight Board Approval Data
RECOGNIZED OBLIGATION PAYMENT SCHEDULE(ROPE 111)
January 1,2013 Through June 30,2013
Total Total Due Funding Source
OOutstanding During
1 ContrachAgreemerl ContrachAgreement Debtor Fiscal Year Bond Reserve Admin
N Item N P o act Name/Debt Obligation Execution Date To Date Payee Descri tion/Pro'ect Scope Pro etl Area ONi ation 2012-13 LMIHF Proceeds Balance Allowance RPTTF O her Siz-Month Total
Grand Total \ S 172,728851 $ 12584581 E - E S E 357464 E 11 915 46B 12 21212932
Lend Ss a Emerald Cove May 1B,2 009 Ocleber 1,2030 COHB Park A&D Fund Legs Bin in 0OpemtNe Agreement Print dpe Amount-
N 4 $1,740.634.Interest Rates 3,B1%,Debt Incurred an May
O 1 \ 18,2009 Merged 567803 442905 M2905 442905
Hyaa Regency Huntington Beach September 14,1998, September 30,20P Robes Mayer Corporation Disposition ant Development Agreement approved on
�( Project amended February 5, September 14.1998 for the Wsterfronl Development
t043146 1,D43146 t043146
2 2001 Merged 5433057
0 3 2002 Tax Allocation Refunding Bonds June 19 2002 August 1 2024 Bank of New York Trust Co. Tax AloceCmn Bonds Deb!Service Payments Merced 16 329113 1,640,938 1.640938 1,640,938
4 1999 Tax Allocation Refundin Bonds Janus 121999 August 1 W24 Bank of New York Trust Co. Tax An.. n Bonds Debt Servce Payments Merged 7472947 743289 743289 743289
• 2002 Tex Allocation Refunding Bontls November 17,2010 November 17.2013 Aibalge Compliance Tax Allocetion Bonds arbitrage rebate calculation
s statist 'IRS
Com fiance Mer ed Soo 500 S00 500
0 1999 Tax Alocetion Refunding Bonds November 17,2010 November 17.2013 Arbitrage Co lance Tsx Alocetlon BOMB arbitrage rebate carculshon-
r/1 6 Sol
dalist Federal IRS Com ance Me ed 500 Soo Sao 500
7 2D02 Tax AbceYwn Refundi BOMB June 19.2002 Au ust 1 Me Internal Revenue Service IRS Arblra a Rebete Pe moot Merged 528.754 526,754 528,754 5M,754
8 2002 Tax Alocetbn Refundl Bonds June 19 2002 Au all 2024 Bank of New York Mel Tax AAocalbn Bontls-Pa ment to F1-1Aden, Mer ed 1537PQ752
1.537 1537
9 1999 Tax Allocation Rehmdi Bells Jame 121999 Au ust1 2024 Bank of New Yerk Mellon Tax Allocation Bonds-Pir mend to Fl9catAnent Me etl 845 848 648
2002 Tax Allecetion Refunding Bonds July 7,2009 July 7,An Hene118 Company Adv`1; s, Preparation and Ming of Continuing Disclosure Annual
U 10 LLC ion
Material Evart Notices Merged
250 250 250
1999 Tex AOucehon ReluMing Bonds July 7,2009 July 7,M12 Harrell&Company AMhora, Pre1Sa`ation and filiig of CoMinumg Diecbaure Armua
11 LLC Re rte end Material Event Nelices Merged 1,5251,525 1,525
EmemM CoveMIDSeme ALease May 13,2010 September 1,2021 US Bank Emerald C 4e 22010 Series A Lease Revenue Refunding
12 Reverve ReluMi Bonds Bonds DeN Sanke Pa merits Me etl 3849.834 404932 404.932
HUD Section 108 Infrastructure Loan July 21,2010 August 1,2019 Bank of New York Mellon Legally binding and enforceable loan agreement with the
for Hyattf-hron Properties U.S.DepartmentofH'L'rig end Urban Development for13 ca' Ile rovemerdsMer etl 3,025,000 427,512 427512
O Shand Hotel and MNed-Use Project Juns 1999 to November September 30,2033 CIM Group,LLC and Nana Property Tax Sharing AgmemAttu Mer the Disposition
Parking&Inhaalructura 2008 Balmer and Berkman and Development Agreement(DDA) rdavebpment of
hotel.retell,restaurant,and public pant hudur The
Impkmenation of the DDA antl the Svth I lotion
Agreement were enlerad Into from Jun.1gBgemen
W 14 November Z.. Minded 13344723 702903 702903 7o290
U Shand Project Additional Parking January 20,2009 September 30,2OM CIM Group,LLC Property Tax Sharing Agendment under the Oispowuon
and Development Agreement(DDA)and Sixth
Implementation Agreement for the urandprojede
15 rid stradure au8rorrzed on Janus 202009. MerW 1039285 49578 49,578 49578
Pacific City October 16,2006 FY 2030-31 Maker Properties&Nana Owner Panicipation Agreement approved on October 16,
Balmer and Ban- 2006 for fuMe development of a 31acr.ate located at
Padlk C..M Highway and Fired Street and fine need by
loceli Mer etl 520,000 20000 20,000 200
t6 00
lax a on..
Affordable Housing Compliance Original Agreement July 20,2013 Amermalional ShIVY obligation for housing compliance services
pun hi N dro mquiremerls of Section eMdive July 20,20f 0/ r u e,u nl to the requiremenh of 5edion 33413(b)(4)and
Y 33413(b)(4)and 33490(a)(2)end(3)of Amended on July M,2011 p4mmun(2)ity and(3)of the Redevelopment LawmHeallh ell safety Cede
„Q ihr
Commu C.nity Redevelopment Law, Sedien 33000,at.seq.and eligible under HesBh and
Health end Safety Code Section 3WW' Safety Code Section 34171(dill I(F)
1r�Cy at.seq.Covenant monitoring par AB 75,000 75,000
17 9B7. Mer ed 75,000 75,0o0
W Repayment of SERAF Deb!Obligation May 10,2010 FY 201415 Housing ANt criN Legally anfurceable obligation for SERAF Loan repayme
18 2009 Mer etl 3,331,300
Repayment of SERAF Debt Obligation May 10,2011 FY 2015-16 Housing Authority Legally enforceable obligatien for SERAF Lean repaymen
t9 MID Mer ed 706842
AbtlelmMl Owner Partblpa0on May 28,t991 ell December 31,2017 Abda m sh Development Owner Participation AgreamentIR-1 Differential
Agra-rdiRent Differential Agreement Nevember21.1994 Compaq Agreement approved on May M.199t for the
development of the three story building at the Oceamlew
Promenade,The Third Impkimenation Amendment look
20 effect on Nevember 21
1994. Merged 8000 8000 6,000 8000
Covenant enforcement for Affordeble February 20,2012 February 20,2013 Jessica Lalham.East Statutory obligation for legal compliaiwa and operations o
housing projects for tbe purpose of Housing Authority pursuant to the requirements of Sadie
increasing,Improving,and preserving '34'3un(4)and 33490(a)(2)and(3)of the Callfamia
the Ciry's supply of low ell moderate Community Redevelopment Law,Health and Safety Cod
income housing pursuant to the Section 33000,at.seq.
requir.manls of Section 33413(b)(4)
end 33490(a)(2)end(3)of them Cehfomfa Cemunily Redevelopment
Low,Hearth and Safety Code Section
21 33000 a.lee. Merged 30,000 30000 30,000 30000
Unfunded G5ERS Penton Llsbihties Acof6130110 NIA COPERS Unfunded COPERS Penslen odigation es per CaIPERS
acNarial valuation as oI Junin 30,201 o wfth estimamd
22 actor increase for FY 12H3 Me ed 2.674.172 190951 95.476 95,476
Unfunded Suppt.menal Retirement Ac of 9I30H1 WA US Bank Unfunded actuarial accrued lability asof September 30,
Liabilities 2012 as per eduerial valuation by Barrel Associates,LLC
23 Minced 618,180 57904 28.952 28,952
Public Agency Retirement Systems September 10.2010 October 10,2014 Pacific Life Ins Legally enforceable retirement obligation for any
(PARS)Notes Payable retirement IncenOve program end annuity centred w4h
24 Pacific Ua Imurance Incer ruled. Merged 60,035 19.965 19,965 19,965
Unhmdad OPEB Labltdies As of 613WII N/A CaIPERSICERBT Unfunded actuarial accrued liabllM as of June M.Mi2
25
u Bartel Associates LLC. Merged 252593 12,44d 6222 8222
obligation ter unused employee As of 9I30111 audited N/A Clty empbyeesdiract Dbligation for unused employee General Leave enured
General Leave earned and vested Manci it statements nvok ed m Housing end and veatetl as per MOUrr antl AB 1X26
Redevelopment projects and
28 administration Merged 124391 11460 1 11,460 11460
Successor Agency Compliance Per HT May 7,2007 Apo 30.MI T Ra West Pinola,end Real estate censuBanl
21 SCode 33433 Mer etl 30000 15OW I. 15000
Total Total Due Funding Source
Outstanding During
Contract/Agreement Contract/Agreement Debtor Fiscal Year Bond Reserve Adr-
Item# Project Name/Debt Obligation�`' Execution Date Termination Date Payee Descri bon/Pro'ect Scope
Product Area Obligation 2012.13 LMIHF Proceeds Balance Allowance RPTTF Other Six-Month Total
Belk Terra Parking Imi aciruchim October 2,2000 and September 30,M25 Bela TonAssociates LLC Property Tax Sharing Agreement required under the
Property Tax Sharing Agreement September 17,2D07 and Kane Balmer and terms of the Owner Participation Agreement(dated
ry Berkman 1022000)and Second Implementation Agreement
(d,Wd 91172007)for the deveopment of the Huntington
�j Center(Bella Tena).Includes legal requirements b
N 28 enforce obligation
Merged 13847382 1,210,008 1,210,008 1,210,006
e--I Hells Terre Phase II October 4`2010 July 1,2036 BTDJM Phase It Associates ARordobls Housing Agreement approved on October 4,
Q a`a (OJMI a.Kona eaffiner and NiO for construction of a 467 mixed-use and project.
N Berkman Project is currently under construction and financed by
property tax allocations.Includes legal requirements to
Q 29 irridement8bligation. Merced 27438,1330 10,000 10,000
rJ Pierside Pi vilon Owner Participation July 6,2009 NIA Pkrsido Pavilion,LLC and Owner Participaton Agreement(.PA'iipix- on July
Agreement Kane BaAmer antl Berkman Is 2009 for me Paoli.etl redevelopment of the aile
[� Ioceietl aI300 Padfic Coast Highway k Downtown
Q Huntington Beach.Legal services ware incurred to am Merced
4,000 4,000 4000
30 the Mostly obit Hied OPA.
Operable Agreement for the Fiscal Year 2004M October 1,20 City of Huntington Beach Loan repayment for advance made on capital projects in
O Huntington Beach Retlevelopmeni FY 2004/OS
c 31 Project
ro ct Southeast Coastal 263,211 21319 21319 21319
(U Assessment for AES Properly Tax March 21,2011 March 21,2012 Va Zrn Consulting Assessment for AES Property Tax VaWation
../ 32 Valuation Southeast Coastal 5000 5,000 5000 5000
Payment of costs incurred to fulfilled collective bargaining
Empbyee IertninatioMeyoR costs agreements for layoffom minations of City employees
Uv� related to dissolution of Redevelopment relsling to the dissolution of the Redevelopment Agency Merged&
H 33 A e 9730f2011 O W2011 Em b eel r Health
S Sale Code Section 34171 d 1 C Southeast Coastal 16 393 16293 16 393 16393
Payment of coats incurred to ratified collective bargaining
\.J Employee fetminabon/layoR costs Is ferlayofisflerminations of City employees
related k dissolution of Redevelopment re�kM I the dissoWtbn of the Redevelopment Agency Merged 8
34 Agency 9M2011 9/302011 Employea 2 r Has 8 Sak Ootle Session 34171 tl 1 C Southeast Coastal 24,483 24,483 24,483 24,483
O Payment of cost incurred to Wiletl collective bargaining
Employee terminationaayoR costsagreementsb IayoRs4erminations of City employees
related to dissdiamil of Red-lapmeM relatingtothadra 11 lion of the Redevelopment Agency Mergetl&
35 A ri /30 92011 12232011 Employ,,3 r Health&Safe Coda Section 34171 d 1 C Southeast Coastal 75,328 75,328 75,328 75,328
UW Payment cosh intoned to fulfill ledi ebong uning
Employee mmunabon4eyoR costs agreements far layortsRerminationsoo employees
U related to dissolution of Redevelopment relating Is the dissolution of the Redevelopment Agency Merged&
36 Agency 9l302011 9/302011 Em ee 4 r Heedh&Safety Cotle Section 34171 d 1(0,1 Southeast Coastal 9,728 9,728 9,72B 9.728
Payment of 191gatisn costs incurred through June W,
1-419atian expenses for Cify of relating to application for a Temporery Restraining Order
Polmdalo of al.v.Mafosanfos pursuant pertaining to the June 1,Ml2 property tax payments
^ to Health and Sekty Code Session eligible under Health and Safety Cods Session Merged&
Q� 37 341]i tl i F 710MO12 7/B/2015 Kane Ballmet B Berkman 34171d 1 F as emendetl by A9/484 Southeast Coastal 13.993.001 13993 13,993 13993
Legal expenses for Successor Agency
y compliance W.AB 1.26 and AB 1484
purauan4 to Health and Sarety Code Legal expenses to ensure Successor Agency compliance Merged&
38 Section 34171 tl 1 F 7/082012 7I2015 Kane BaAmer B Berkman with AS ix 26 antl AH 1484 Southeast Coastal 150,000.00 150000 75,000 75000
EconomictArmly-sservicesrreekkdio
�( Successo A9 ncy complian with AB
W 1x 26and AB icy pursuantto Health Eonomic Analysis consulting services toensure
and Safety Code Session Successor Agency compliance with AS Ix 26 and AS Merged&
39 34171 tl f F 6/152010 6115/2013 Kayser Marston tg84 Southeast Coastal 200.000.00 200000 100,000 100.000
Land and Rignt-of-way acquisition costs connected with
Huntington Center Retlevelopmani Plan u the i3e rtlJluover Extension project and tlevelopment
40 tleveb merit 1987 10/112030 SucttscorA en ofa ubllcpore facil Merged 4,416.384.00 296,498 296,498 296.498
Maln4'!ef Redevelopment Project Costs bcurretl to e acquire land within the Main-Pier project
41 Phase ll INS 10/12030 Successor A en rea for Phase 11 tleveb merit to'ds Mer 5,150,543.00 345,786 '`i 345,]86 345,786
Cops Erred to acquire land within the Main-Pier proje
evel Dopment of Downtown Main-Pier area to implement the construction of parking facilities
42 project area 1988,1990 10/12030 Successor Agency within the Downtown Main-Pier area Merged 3555,243.W 236,685 238,685 238,685
Relocetlon,property acquisition,end other prop.costs
cocionetl with the Third Block West
Thisd Block Wed - Condominium/Retai/Office project in the Main-Pier
43 co rcellresiden4lsl project 1996 1011IM30 Successor Age n Redevelopment Project
me Merged 14,971 C 3.00 1,005,122 ems. 7,005,122 1,005122
Second Block Alley and Street Property acquisition cost associated with the Second
44 Improvement Project 1988 10/1/2030 SVa""'A a Block ale and sheet tens rovement ro Mtt etl 345,206.00 23,176 � 23,176 23176
45 Strand Project 7996 10/12030 Successor A en Rebcalon cops id to NAntl antl Sea Surt Sho Mer etl 87501.00 5,B75 5875 5875
Pieraide HoteVRetaiVParking Structure Refocalon costa paid to Ter''a Coffee Shop and First
48 Project 1990,1992 10/12030 Successor Agency Interstate Bank Meted 407,212.00 27339 ` 27.339 27339
Costs rallied to the relocation,buyout.ant demoidien of -
Waterfront Commercial Master Site Driftwood and Pocific Mobile Home Parks rekfed to the
47 Plan 1989,2001 10/1/20W Succes A en Waterfront Commercial Master Site Plan Merged 18.960908.00 1,138866 1138686 1,138,686
Properly ecquiation costs.as.dome with the SI..
48 Strand Pro act I ago,1991,1994,1 g89 10/1/2030 Bus..asr Agency Project Meted 14,4759B8.00 971859 977859 971859
Enforcement of Successor Agency Very,- Various Successor Agency,Kane Successor Agency administrative obligations retain to
compliance
antl monitoring par AS Balmer,
Keyser Marston,and maintaining payments en ismomeable obligations and
1 X26"" Macias Gin!&O'Connell LLP other activities as required by AS IX26 Merged&
qg Southeast Coastal 357,464 357,464 357,464 357,464
Name of Successor Agency: Huntington Beach Redevelopment Agency Successor Agency
County: Orange
RECOGNIZED OBLIGATION PAYMENT SCHEDULE(ROPS III)—Notes(Optional)
January 1,2013 through June 30,2013
Item# Notes/Comments T\
N 1 In 1984,the City of Huntington Beach's Park&Acquisition Fund advanced$1,740,834 to the Redevelopment Agency to purchase the Emerald Cove Land.That same year,the Agency sold$4.6M of Certificates of Participation(COPS)to finance the construction o
the Emerald Cove Senior Housing Project.In 2000,the HB Public Finance Authority issued$18M of COPS,which was partly used to defease the RDA Emerald Cove COPS,thereby,resulting in the City completely owning the Emerald Cove Project.In May 2009,
Nthe Agency purchased the Emerald Cove;Senior Apartments for the sum of$8,483,931,including the bond debt of$5,170,931.Later that year,the Emerald Cove Senior Apartments were sold to Jamboree Housing Corporation(JHC),however,as part of the
agreement,the Agency maintained the remajning debt obligation.
2 In order to reduce the interest expense owed on the loan and to comply with the property tax sharing requirements contained in the Second Implementation Agreement to the Amended and Restated DDA,approved February 5,2001,the Agency is electing to make
the annual enforceable obligation payment from the property tax distribution to be received from the County in January 2013.
�; 3 Amount requested includes reserve to meet debt service tlue as rmitted by Health and Safety Code Section 34171(A)as amended by AB 1484.
O
N
4 Amount requested includes reserve to meet debt service due as pePmitted Health and Safety Code Section 34171(A)as amended by AB 1484.
Z5 Amount requested includes reserve to meet arbitrage calculation expenses rela ed to the 2002 Tax Allocation Refunding Bonds for the calendar year 2013 as permitted by Health and Safety Code Section 34171(A)as amended by AB 1484.
Q6 Amount requested includes reserve to meet arbitrage calculation expenses relates`-1999 Tax Allocation Refunding Bonds for the calendar year 2013 as permitted by Health and Safety Code Section 34171(A)as amended by AB 1484.
V) 7 Arbitrage payment due per the requirements of the Tax Certificate for the 2002 Tax Allocation Bonds:.
Lia
U 8 Amount requested includes reserve to meet fiscal agent expenses related to the 1999 Tax Allocation Refundirig,13onds for the calendar year 2013 as permitted by Health and Safety Code Section 34171(A)as amended by AB 1484.
9 Amount requested includes reserve to meet fiscal agent expenses related to the 2002 Tax Allocation Refunding Bonds foF the calendar year 2013 as permitted by Health and Safety Code Section 34171(A)as amended by AB 1484.
Q 10 Per Section 3 of the Continuing Disclosure Certificate for the 2002 Tax Allocation Bonds,the Agency is required to prepare and provide.a�Continuing Disclosure Report on each April 30th.The Agency is in the process of extending its current contract with Harrell&
Company Advisors. Amount requested includes reserve to meet bond-related obligation due as permitted by Health and Safety Code Section 34171(A)as amended by AB 1484.
11 Per Section 3 of the Continuing Disclosure Certificate for the 1999 Tax Allocation Bonds,the Agency is required to prepare and provide a Continuing`Disclosure Report on each April 30th.The Agency is in the process of extending its current contract with Harrell&
W Company Advisors. Amount requested includes reserve to meet bond-related obligation due as permitted by Health and Safety Code Section 34171(A).@s amended by AB 1484.
12 Amount requested includes reserve to meet debt service due as permitted by Health and Safety Code Section 34171(A)as amended by AB 1484. '
13 Section 108 loans are offered by the U.S.Department of Housing and Urban Development's(HUD)Community Development Block Grant(CDBG)program. The Agency's'Section loan is connected with the 2000 public offering by HUD. Amount requested
includes reserve to meet debt service due as permitted by Health and Safety Code Section 34171(A)as amended by AB 1484.
14 To ensure compliance with the property tax sharing requirements contained in the Property Tax Sharing Agreement under the Disposition and Development Agreement(DDA)and Sixth,71tation Agreement for the Strand project's parking structure authorize
on January 20,2009,the annual payment due will be made from the first property tax distribution received in January 2013.
15 To ensure compliance with the property tax sharing requirements contained in the Property Tax Sharing Agreement under the Disposition and Development Agreement(DDA)and Sixth Implementation Agreement for the Strand project's parking structure authorize
on January 20,2009,the annual payment due will be made from the first property tax distribution received in January 2013. N
21 The Agency is in the process of extending its current contract with Jessica Lantham,Esq.
22 Contract/Agreement execution date of June 30,2010 is the date of the most recent actuarial valuation report provided by CalPERS. Valuation report was issued October 2011.
23 Contract/Agreement execution date of September 30,2011 is the date of the most recent actuarial valuation report prepared by Bartel Associates,LLC. Valuation report was issued on August 2,2012.
25 Contract/Agreement execution date of June 30,2011 is the date of the most recent actuarial valuation report prepared by Bartel Associates,LLC. Valuation report was issued on August 2,2012.
27 The Agency is in the process of extending its current contract with Tierra West.
33 Amounts represents cost incurred for layoff of City employee performing work directly related to the former Redevelopment Agency as per Health and Safety Code Section 34171(d)(1)(C)as amended by AB 1484. Due to employee confidentiality requirements,
specific employee information has not been included,but will be provided under separate cover upon request.
^� 34 Amounts represents cost incurred for layoff of City employee performing work directly related to the former Redevelopment Agency as per Health and Safety Code Section 34171(d)(1)(C)as amended by AB 1484. Due to employee confidentiality requirements,
specific employee information haas not been included,but will be provided under separate cover upon request.
O 35 Amounts represents cost incurred for layoff of City employee performing work directly related to the former Redevelopment Agency as per Health and Safety Code Section 34171(d)(1)(C)as amended by AB 1484. Due to employee confidentiality requirements,
(V specific employee information has noi'been included,but will be provided under separate cover upon request.
O
Z 35 Amounts represents cost incurred for layoff°of�City employee performing work directly related to the former Redevelopment Agency as per Health and Safety Code Section 34171(d)(1)(C)as amended by AB 1484. Due to employee confidentiality requirements,
specific employee information has not been included,but will be provided under separate cover upon request.
O
37 Amount represents payment of litigation costs incurre through June 30,2012 forCity of Palmdale at at.v.Matosantos relating to application for a Temporary Restraining Drder 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.-
38 Legal expenses for Successor Agency compliance with AB 1`x,26 and AB 1484 pursuant to Health and Safety Code Section 34171(d)(1)(F)as amended by AB 1484,which states:"Contracts or agreements necessary for the administration or operation of the
successor agency,in accordance with this part,including,but n'btfirnited to,agreements concerning litigation expenses related to assets or obligations,settlements and judgments...".
U 39 Consulting services for Successor Agency compliance with AB 1 x 26 artd,AB 1484 eligible for reimbursement pursuant to Health and Safety Code Section 34171(d)(1)(F)as amended by AB 1484,which states."[Enforceable obligations include]Contracts or
W agreements necessary for the administration or operation of the successor agency,in accordance with this part,including,but not limited to,agreements concerning litigation expenses related to assets or obligations,settlements and judgments..."
C7 ''
Q 40 As per Department of Finance instruction,amounts listed represent relocation and qro perty acquisition costs as per Health and Safety Code Section 34171(d)(1)(B),which states'[Enforceable obligations include]Loans of moneys borrowed by the redevelopment
agency for a lawful purpose,to the extent they are legally required to be repaid pursuant�to a required repayment schedule or other mandatory loan terms."
41 As per Department of Finance instruction,amounts listed represent relocation and property acquisition costs as per Health and Safety Code Section 34171(d)(1)(B),which states'[Enforceable obligations include]Loans of moneys borrowed by the redevelopment
agency fora lawful purpose,to the extent they are legally required to be repaid pursuant to a requ red repayment schedule or other mandatory loan terms."
U 42 As per Department of Finance instruction,amounts listed represent relocation and property acquisition costs as per Health and Safety Code Section 34171(d)(1)(B),which states"[Enforceable obligations include]Loans of moneys borrowed by the redevelopment
U agency fora lawful purpose,to the extent they are legally required to be repaid pursuant to a required repayment schedule or other mandatory loan terms."
43 As per Department of Finance instruction,amounts listed represent relocation and property acquisition costs as per Health and Safety Code Section 34171(d)(1)(B),which states'[Enforceable obligations include]Loans of moneys borrowed by the redevelopment
agency fora lawful purpose,to the extent they are legally required to be repaid pursuant to a required repayment schedule or other mandatory loan terms."
ems_
Q44 As per Department of Finance instruction,amounts listed represent relocation and property acquisition costs as per Health and`Safety Code Section 34171(d)(1)(B),which states."[Enforceable obligations include]Loans of moneys borrowed by the redevelopment
agency fora lawful purpose,to the extent they are legally required to be repaid pursuant to a required repayment schedule or other mandatory loan terms."
45 As r Department of Finance instruction,amounts listed represent relocation and property acquisition costs as per Health and Safety Code°Section 34171 d)(1)(B),which states."[Enforceable obligations include Loans of moneys borrowed b the redevelopment
per p P Y q P ( 9 1 Y P
agency for a lawful purpose,to the extent they are legally required to be repaid pursuant to a required repayment schedule or other mandatory loan terms."
W �
46 jAs per Department of Finance instruction,amounts listed represent relocation and property acquisition costs as per Health and Safety Code Section 3417,1(d)(1)(B),which states:"(Enforceable obligations include]Loans of moneys borrowed by the redevelopment
agency for a lawful purpose,to the extent they are legally required to be repaid pursuant to a required repayment schedule or other mandatory loan terms.-1.
47 As per Department of Finance instruction,amounts listed represent relocation and property acquisition costs as per Health and Safety Code Section 34171(d)(1)(B)�which obligations include]Loans of moneys borrowed by the redevelopment
agency for lawful purpose,to the extent they are legally required to be repaid pursuant to a required repayment schedule or other mandatory loan terms."
48 As per Department of Finance instruction,amounts listed represent relocation and property acquisition costs as per Health and Safety Code Section 34171(d)(1)(B),which states"Enforceable obligations include]Loans of moneys borrowed by the redevelopment
agency for a lawful purpose,to the extent they are legally required to be repaid pursuant to a required repayment schedule or other mandatory loan terms." ` A
Name of Successor Agency: rHun Basch Radavalopmene Agency successor Agency
County: 1. 'on—
x a Pursuant to Health and Safety Code section 34166(a)
PRIOR PERIOD ESTIMATED OBLIGATIONS vs.ACTUAL PAYMENTS
RECOGNIZED OBLIGATION PAYMENT SCHEDULE(ROPE I)
January 1,2012 through June 30,2012
O
N `1y LMIHF Bond Proceeds Reserve Balance Admin Allowance RPTTF Other
OPa /Form Line Project Name/Debt Obligation Pay.. Description/Project Sco a Project Area Estimate Actual Estimate Actual Estimate Actual Estimate Actual Estimate Actual Estimate Actual
Grand Total E 1.679564 E 98610 E E - S E E 25D000 E 2500DO E 37099250 E 2215092 S E 172,811
�1 Land Sale Emerald Cove COHB Park A 8 D d Legally Binding Operative Agreement
�+ Pnncipal Amount-$1,740,834,Interest
'Rams 3.81 Is.Debt Incurred on May 18,
1/Fo-A 18 20M Merged
.� MainPiar Purchase Loan Repayment Housing Authority Legally kBinding and Enforceable Agreement
for Prmpogl� uisition forme Mein-Pier
2/FormA 1 Project Merged
Hyatt Regency Huntington Beach Robert Mayer Corporation Disposition and:Devalopment Agreement
N Project approved on September 14,1996 for Ue
a/ 2/FormA 2 VJamrfrorN Develo merit Merged 368,626 368,626
2002 Tax Allocation Refunding Bonds Bank of New York Trust Tax Allocation Bonds Debt Service
2/Fo—A 3 Co. Payments .-P.. Merged 1,635,738 1,635,738 (At
1999 To,Allocation Refunding Bonds Bank of New York Trust Tax Allocation Bonds Debt Service
*U*� 25ormA 4 Co. Payments Merged 748,Oa8 745743 (A 2345(B)
F-� 2002 Tax Allocation Refunding Bonds Arbitrage Compliance Tax Allocation Bonds arbitrage rebate'@
W 2/FmmA 5 S dalist calculation-Federal IRS Com liance "a Merged 500 500 (Al
1999 Tax Allocation Refunding Bonds Arbitrage Compliance Tax Allocation Bards arbitrage rebate
Q 2/FormA 6 S dalist Ealculation-FederallRSCom ,ante Me d Soo 500
2002 Tax Allocation Refunding Bonds Internal Revenue SarNce 15th Vear Arbitrage Rebate Payment
.J 2/Form A 7 Mer da '
F4 2002 Tax Allocation Refunding Bonds Bank of York Mellon Tax Allocation Bonds-Payment to Fiscal
O
2/FormA 8 Agent Merged g'tv. 1,537 11537 IA!
1999 Tex Allocation Refunding Bontls Bank of New York Mellon Tax Allocation Bontls-Payment to Fiscal "a
Cn 21FormA 9 ant Merged 848 848
W 2002 Tax AM-1:n Refunding Bonds AMBAC Bank of America Master Repurchase
U2/FormA 10 reernent for Debt Service Reserve Merged 3,000 SDDD
2002 Tax Allocation Refunding Bonds Haoell 8 Company Preparation and Kling of Continuing
U
U Adviscre,LLC Diaclosure Annual Reports and Mammal
2/FormA 11 Event Notices Merged _ 250 275 A
�] 1999 Tax Allocation Refunding Bonds Harrell B Company Preparation and filing of Continuing
Advisors,LLC Disclosure Annual Reports and Material
I 2/FonnA 12 Event Notices Merged "ka. 1,525 1.500 tAl
HUD Section 108 Infrastructure Loan Bank of New York Meson Legally binding and anmrceabm loan
for HyatVHilton Properties agreement with the U.S.Department of
Housing and Urban Development for capital ,,,,
2/Form A 13 improvements Merged 410,360 410,350 (A)
ti HELP Bowan Court California Housing Finance Full payment of loan borrowed by Agency
Authority for Senior Rental Complex from the State of
2/1ormA 141 Calimmia Merged -
Strand Hotel and Mixed-Use Project, CIM Group,LLC Pmpery Tax Sharing Agreement under the
WParking 8 Infrastructure Disposition and Development Agreement(DDA)for development of hotel,retail,
resmumm,and pudic parking structure.The
Implementation of the DDA end the Sixth
Implementation Agreement wore entered &""`rg
into from June 1999 m November 2008.
Worm A / Merged
677,903 fi77,903 /D)
Strand Project Additional Parldng CIM Group,LLC Property Tax Sharing Agreement under Me "_N1
Disposition and Development Agreement
(DOA)end Sixth Implementation [
Agreement for the Strand Projects parking
structure authorized on January 20,2009.
3/FonnA 2 Wood 49.5761 49,576 DI
Pacific City Maker Piopmties Owner Participation Agreement approved
on October ISM for future development _
of a 31a site located at Pacific Coast
Highway and First Street and financed by
3/FmmA 3 mpertv fox allocations. Merged
Covenant Monitoring Obligations of Mousing Authority Statutory obligations for housing 11
Housing Authority affordability,production,reporting and
3rFOnnA 4 compliance as r Govemment Code. Mer ed229,8D1 195,333
Housing Authority Covenant Keyser Marston Smtumry obligation to,Housng reporting,
3/FormA 5 monifonn par AS 987 audit, and co liarae Merged 150,00i 55.196
Succesecr,Agency compliance and Kane Ball—,and Legal costs to,ensure Successor Agency
3/FormA 6moniforin rAB 1X26 Berkman compliance with AB 1X26 Merged 68651 68651 13993 1 Xi
ndependant financial statement and Macias Gint 80'Gonnell Independent financial statement antl
compliance audit LLP compliance of the agency in accordance 1
with Govemment Auditing Standards
Statement on Auditing Standards(SAS)No.
3/FonnA 7 117"Com fence AudiC' Merged - - 5,042
Successor Agency compliance per AS Keyser Moreton Legally binding and enforceable agreement
IX26 ter continued administration and operators
3/FormA 8 of Successor Merged 35,589 35,589
LMIHF Bond Proceeds Reserve Balance Admin Allowance RPTTF Other
Page/Form Line Project Name/Debt Obligation 1 Payee Descri lion/Pro act Sco a Pro ect Area Estimate Actual Estimate Actual Estimate Actual Estimate Actual Estimate Actual Estimate Actual
Affordable Housing Compliance Amennaticnal Statutory obligation for housing compliance
pursuantto the requirements of ces pursuant to the requirements of
Section 33413(b)(4)and 33490(a)(2) 'y Section 33413(b)(4)and 33490(a)(2)and
O and 13)of the Celffomia .y'+� (3)of the California
t Community Redevelopment Lew, Community Redevelopment Law,Health
N Health and Safety Code Section and Safety Code Section 33000,et seq.
~ 33000,et seq.Covenantmonronng
4/FormA 1 er A8987. Merged ...0 27500
Afordabla Housing Compliance Kane Ballmer and Statutory obligation for legal,compliance
—ant.the requirementsof Berkman and operations of Housing Authority
t—j Section 33413(b)(4)and 33490(a)(2) `.s pursuant to the requirements of Section
f, and(3).f the Cslifomia �3413(b)(4)and 33490(a)(2)and!(3)of the
�a Community Redevelopment Law, Celifomia Community Redevelopment Law,
Health end Safety Code Section Health and Safety Coda Section 33000,at
33000,at seq.Covenant monniinng seq. 42.
4/Form A 2 r AB 987. Merged 150,000 134309
OrFA
Repayment of SERAF Debt Obligation Housing Aut,rity Legally enforceable obligation fir SERAF
3 2009 Loan re ment4 Merged
0jRepayment oS SERAF Debt Dbligafian Housing Authority Legally enforceable obligation for SERAF
Yhhs+++/H 4 2010 Loanre merit + Merged
Abdelmudi Owner Parbdpation Abdalmudi Development Owner Participation Agreement/R.nt
>1Agreament/Rent Differential Company Differential Agreement approved on May 28,
UAgreement 1991 for the development of Cie.taee story building at the
Oceanview Promenade,The
W Third Implementation Amendment took,
effect on November 21,1994. c.�
O 5 _ Mer eta 4,812 140
Covenant enforcement for Affordable Grace Jo.Esq Satutory obigation for legal compliance and 3
housing projects for Me purpose of operetons of Mousing Authority pursuant to
n/ incr easing,improving,and preserving the requirements of Section 33413(b)(4)and
V-� the
supply of law and moderate 33490(a)(2)and(3)of the Califo mia �+r,
O me housing pursoant to tl e Community Redevelopment Law,Health a
requirements of Section 33413(b)(4) and Safety Code Section 33000.et seq.
(�] and 33490(a)(2)and 13)of the w #
California Community Redevelopment
U Law,Health and Safety Code Section ~4
U 4/Form A 7 33000,at seq. Me etl "x,_
40,236 20,524
Unfunded CaIPERS Pension Liabilifies CaIPERS Unfunded CaIPERS pension obligation as
(n per CaIPERS actuarial valuation as of June s '•
4/Form A 8 30 2010. Merged - 121,906 (N)
Unfunded Supplemental Retirement US Bank Unfunded actuarial accrued liability as of
LiabilNea September 30,2011 as per scbmnal
Q 4/�ort�A 9 valuationb AON Coneu tin,Inc. Mer eta 38,603 XI
Public Agency Retirement Systems Pacific Life Ins Legally enforceable retirementobigation for w
(PARS)Notes Payable early
retirement incentive program and F'
annuity contact with Padfic Life Insurance
4/Form A 10 Incomonstad. Mer it
Unfunded OPEB Liabilities CalPERS/CERBT Unfunded actuarial accrued liability es of
June 30,2011 es Per AON Consulting,Inc. v`t
W 4/FormA 11 Merged 8,296 IX)
Obligation for unused employee City employees directly Obligation for unused employee Cartere t a,.
General Leave earned and vested involved In Housing and Leave earned and vasted as per MOUs and
Redevelopment projects AB 1X26 �~'`ah
4/Form A 12 and administration Merged ep� 7.162
Successor Agency Compliance Nagasaki and Associates Appraisal and reel seats consultant
4/Form A 13 Merged 3,000
Successor Agency Compliance per H Tierra West Financial and Real estate consultant
25824
4/Form A 14 8 S Coda 33433 Merged
10,000
Le9aly eMorceable obligation as per Luis Gomez Lagty enforceable Witon reimbursement "s+..,_
Memorandum of Understanding with benefit as per MOU and AS 1X26 °.
4/FmmA 15 bar aini unit Merged
1,500 1,500
Wildlife Care Center City of Huntington Beach Advance from City on ocnstruction of
Conservancy Grant funded block wall and Southeast a
5/F.-A 1 1 associated landsce in Coastal 27,841
Op—live Agreamentforthe City of Huntington Beach Loan m"ymentfor advance made on
Huntington Beach Redevelopment capital projects in FV 2004/05 Southeast „
5/FormA 2 Pro M Coastal "4,. 21.219
Assessment for AES Property Tax Van Hom Consulting Assessment for AES Property Tax Valuation Southeast
5/FornnA 3 Valuation Coastal 5000 -
Emeraid Gove W SenasA Lease US Bank Emerald Cove 2010 Series A Lease
Revenue Refunding Bonds Revenue Refunding Bonds Debt Service •+�:
B/FormB Pa manta Merged 404564 986f0 305954 IEI
Bella Terra Parking Infrastructure Bella Tara Associates LLC Property Tax Sharing Agreement required
Property Tax Sharing Agreement under the terms of the Owner Participation
Agreement tdatad,wrzo00)and Second
Implementation Agreement(dated
g/17/2007)for the development of the
Huntington Center(Bella Terra) 1,275,000 ICI
8/FormB Merged 1,275,000 (G)
Bella Tarts Phase 11 BTDJM Phase II Affordable Housing Agreement approved on
Associates(DJM) October 4,2010 for construction of a 467
ixeduse unit project Project is currently
under construction and financed by property _
8/Farm5 1 1 1 Itax allocations. I Merged
hY
lL
LMIHF Bond Proceeds Reserve Balance Admin Allowance RPTTF Other
Page/Farm Line Project Name/Debt Obligation 'P.yee Description/Project Scope
Protect Area Estimate Actual Estimate Actual Estimate Actual Estimate Actual Estimate Actual Estimate Actual
Enforce,memof Sucoessor Agen y Sucoessor.Agerhry Successor Agency administrative
compliance and monitoring per AS obligations relatin to m g aintainin ments g pay
7X26 r� s on anf—able abligabons and other
FormC 1 _ activities-m uirad by AS 1X26 Witted 145,76B 145,760 165474(F)
t Enforcement of Successor Agency Successor Agency n Suxessor Agency administrative
(V compliance and monitoring per AB abligatiore relating to maintaining payments
O1X26 ri enforceable adigatians and ether Southeast
N 6/Form C 2 activNesasre wired b AS 1X26 Coastal
Pass Through Agreements Orange County,Various Pre and Past AB1280 statutory payments
Q (Estimated)"' Sdhool Districts,and City of mandated by Health and Safety Code
r-j 7/FormD 1 HunfingWnBeaM H5C Section 33607 Merged 2640000 207,428
F-� Pass Through Agreements Orange County,Vadars Past AB1290 sbWbry,paymems mandated
�.4' (Estimated)"` School Districts.and City by Health and Safety Coda(HSC)Section Southeast
O 7/1corm D 2 HB 33607 ^1> Coastal 13,000
O Nates: �
(A) Actual indudes all debt service and enforceable obli lions payments made from the December 2011 re tax p�_
nt.
(a) •OtroP funding source consists of interest earned an cash held wits trusffia. +..
FI Amount re reaenls ment of liti ation caste incurred thro h Jum 30,2012 for Cityof Palmdale et al.v.Metawntos relafin to a lication for Temporary Restminin Order ertsinin
to the Juna 1 2012 tax Payments eligible under Health and Safe Code Sadion 34171 d 7 F as amended b AS 1484"
U Due totlhe t2.3 rvion IrW in the June 1st tax all are portion of mis anforceade oai lion a rt was made from the December.11 fax dtstrlbutian.
Z (Et Due to the elimirrotion of the 20%housin eetaside requirement debt aarvice payments autstandi for the JW camber period are aritid sled to the funded wah RPTTF
W (F) Actual adminishafiva a enses for tl e nod o�aled 5415 474Indudin anaunffi tl at bait lobe cha etl W o her funds.
IC) On the ROPS a Dyed for the Janus Jum 2012 nod,thin obli lion was erroneous) listed as funded with Otter Revenue Low and Moderate'dncome Housing Funds).
Per the be—of the Second Implementation Agreement to the Bella Tens Omar Participation reemerd a ved on Se mbar 17 2007 all pinricipal and iwereat payments
are to he made sole horn Av ble!!e!nereffid Pro Tax lncramam.This Dyers)h1 was conec0od on subse ern ROPS submited fo the Ovensi ht Board end De rtmem of Fbance.
�y 110 The inducted n rhffi and the,.
ibb retiremore benefits albeabla under Health and Safe Code Section 3417 d 1 C as enforceable ebli lions on its
OJanua ne 2012 ROPS.The rk has included actual amounts aid for thew obli lion& "!
^4Y
W N,"
Exhibit "A" - SUCCESSOR AGENCY Resolution No. 2012-02
Successor Agency
Administrative Budget
Department Budget Summary
Other Funds by Object Account
OTHER FUNDS ;
Percent
FY 2008109 FY 2009/10 FY 2010/'llf FY 2011/12 FY 2011112 FY 2012113 Change From
Expenditure Object Account . Actual , Actual.. Actual. _ / tual •_, ., Revised P':Posed,, Prior Year
RORF Administration(350)
PERSONAL SERVICES
Salaries-Permanent 119,415 100.00%
Salaries-Temporary
Benefits 45,472 100,00%
PERSONAL SERVICES 164,886 100.00%
OPERATING EXPENSES
Utilities
Equipment and Supplies 6,000 100.00%
Repairs and Maintenance 2,500 100.00%
Conferences and Training 5,000 100.00%
Professional Services 179,114 100.00%
Administrative Allowance 250,000
OFE TIN 'EXINS 250,000'' 192614 100.00%
Total iy 250,000 357,500 100.00%
Significant Changes
Pursuant to Assembly Bill x1 26, the Successor Agency receives 3% of property tax receipts, or $250,000, whichever is greater, for
administration and the "winding down" of the former Redevelopment Agency. In addition, the Successor Agency receives a distribution o
property tax based on the Recognized Obligation Payment Schedule(ROPS)on a semi-annual basis. For FY 2011/2012 the Administrative
Allowance approved by the Department"of Finance totaled$250,000.