Loading...
HomeMy WebLinkAboutAdopt Successor Agency Resolution Nos. 2015-03 and 2015-04 a Dept ID ED 15-22 Page 1 of 2 Meeting Date 9/21/2015 CITY OF HUNTINGTON BEACH REQUEST FOR SUCCESSOR AGENCY ACTION MEETING DATE: 9/21/2015 SUBMITTED TO: Successor Agency Chair and Board Members SUBMITTED BY: Fred A Wilson, Executive Director PREPARED BY: Ken Domer, Assistant Executive Director Kellee Fritzal, Deputy Director SUBJECT: Adopt Successor Agency Resolution Nos 2015-03 and 2015-04 approving the Recognized Obligation Payment Schedule (ROPS) and Administrative Budget for the Huntington Beach Successor Agency for the period of January 1, 2016, through June 30, 2016, in accordance with Health and Safety Code Section 34177 and related actions Statement of Issue The Successor Agency is requested to approve the Recognized Obligation Payment Schedule (ROPS) and Administrative Budget for the period of January 1, 2016, through June 30, 2016 An approved ROPS must be submitted to the Department of Finance (DOF) by October 5, 2015, Financial Impact The ROPS provides the County Auditor-Controller with the amount of the former Redevelopment Agency's enforceable obligations for which the Successor Agency anticipates incurring expenditures Once approved by 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 A) Adopt Resolution No 2015-03 "A Resolution of the Successor Agency to the Redevelopment Agency of the City of Huntington Beach Approving the Recognized Obligation Payment Schedule for the Period January 1, 2016 - June 30, 2016 ("ROPS 15-16B")," and, B) Adopt Resolution No 2015 -04, " A Resolution of the Successor Agency to the Redevelopment Agency of the City of Huntington Beach Approving the Successor Agency Administrative Budget for the Period of January 1, 2016 through June 30, 2016 " Alternative Action(s) Do not adopt the Resolutions 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 the Successor Agency's maximum administrative cost allowance for the period covered by the delinquent ROPS Analysis As a result of the California Supreme Court's ruling on the Dissolution Act, all redevelopment agencies in California were dissolved effective February 1, 2012 The Dissolution Act and AB 1484 xB -519- Item 9. - I Dept ID ED 15-22 Page 2 of 2 Meeting Date 9/21/2015 describe the procedures to wind down the affairs of the former redevelopment agencies These provisions Include the continued payment of recognized enforceable obligations as defined in the law The Recognized Obligation Payment Schedule for January 1, 2016, through June 30, 2016, requests payment for enforceable obligations associated with the former Redevelopment Agency's Tax Allocation bonds, development agreements, legal services, administrative, and other miscellaneous costs The State Department of Finance (DOF) has the authority to review the ROPS and return it to the Successor Agency for reconsideration and modification Therefore, the ROPS shall not be effective until approved by the State DOF The Administrative Budget for the January 1, 2016, through June 30, 2016, period reflects a total of $250,000, which represents three percent (3%) of the projected property tax receipts during this period Environmental Status Not Applicable Strategic Plan Goal Strengthen economic and financial sustainability Attachment(s) 1 Resolution No 2015-03, "A Resolution of the Successor Agency to the Redevelopment Agency of the City of Huntington Beach Approving the Recognized Obligation Payment Schedule for the Period January 1, 2016 - June 30, 2016 ("ROPS 15-16B") 2 Resolution No 2015-04, "A Resolution of the Successor Agency to the Redevelopment Agency of the City of Huntington Beach Approving the Successor Agency Administrative Budget for the Period of January 1, 2016 through June 30, 2016 " Item 9. - 2 Hs -520- d it A UTAC Hnn 1 ii RESOLUTION NO. 2015- 03 A RESOLUTION OF THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE PERIOD JANUARY 1, 2016—JUNE 30, 2016 ("ROPS 15-1613") WHEREAS, pursuant to AB xl 26 (as amended by AB 1484, the "Dissolution Act"), the separate legal entity known as Successor Agency to the Redevelopment Agency of the City of Huntington Beach ("Successor Agency") must prepare "Recognized Obligation Payment Schedules" ("ROPS") that enumerate the enforceable obligations and expenses of the Successor Agency for each successive six-month fiscal period until the wind down and disposition of assets of the former Redevelopment Agency of the City of Huntington Beach; and The Successor Agency staff has prepared a ROPS for the six-month fiscal period commencing on January 1, 2016 and continuing through June 30, 2016 ("ROPS 15-1613") which is attached hereto as Exhibit A; and After reviewing ROPS 15-1613, presented to and recommended for approval by Successor Agency staff, and after reviewing any written and oral comments from the public relating thereto, the Successor Agency Board desires to approve the ROPS 15-1613; and All of the prerequisites with respect to the approval of this Resolution have been met. NOW, THEREFORE, the Successor Agency to the Redevelopment Agency of the City of Huntington Beach does hereby resolve as follows: 1. The Successor Agency hereby finds and determines that the foregoing recitals are true and correct. 2 The Successor Agency hereby approves ROPS 15-16B in the form presented to the Successor Agency and attached hereto as Exhibit A, and hereby determines that such agreements and obligations constitute"enforceable obligations" and"recognized obligations" foi all purposes under the Dissolution Act 3 The Successor Agency authorizes and directs the Successor Agency staff to. (i) take all actions necessary under the Dissolution Act to post ROPS 15-16B on the Successor Agency website once approved by the Oversight Board to the Successor Agency, (ii) transmit ROPS 15-16B to the Auditor-Controller and the County Administrator of the County of Orange and to the State Controller and the State Department of Finance ("DOF"), and (iii) to do any and all things and to execute and deliver any and all documents which may be necessary or advisable in order to effectuate the purposes of this Resolution. In addition, the Successor Agency authorizes and directs the Successor Agency staff to make such non-substantive revisions to ROPS 15-16B as may be necessary to submit ROPS 15-16B in any modified form required by DOF, and ROPS 15-16B as so modified shall thereupon constitute ROPS 15-16B as approved by the Successor Agency pursuant to this Resolution 15-4894/125914 1 Successor Agcy Resolution No 2015-03 4. The Successor Agency authorizes the Executive Director, or designee, to make such non-substantive changes and amendments to ROPS 15-16B as may be approved by the Executive Director of the Successor Agency and its legal counsel, and ROPS 15-16B as so modified shall thereupon constitute ROPS 15-16B as approved by the Successor Agency pursuant to this Resolution. 5. The Successor Agency does not intend, by adoption of this Resolution, to waive any constitutional, legal and/or equitable rights of the Successor Agency or the City of Huntington Beach under law and/or in equity by virtue of the adoption of this Resolution and actions approved and taken pursuant to this Resolution and, therefore, reserves all such rights of the Successor Agency and the City of Huntington Beach under law and/or in equity PASSED AND ADOPTED by the Successor Agency to the Redevelopment Agency of the City of Huntington Beach at a regular meeting thereof held on the 21 s t day of September , 2015 Chainn KV REVIEW D AN D APPROVED: _ A/ Exe ti hector APPROVED AS T FORM. Agen Counsel Ewa 2 13-3914/101076 Successor Agency Resolution No. 2015-03 EXHIBIT A RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE PERIOD JANUARY 1, 2016 THROUGH JUNE 30, 2016 ("ROPS 15-1613") [behind this page] �-t r+ Recognized Obligation Payment Schedule(BOPS 15-1613)-Summary t Filed for the January 1,2016 through June 30,2016 Period Name of Successor Agency: HuntingtonSeach Name of County: Orange Current Period Requested Funding for Outstanding Debt or Obligation Six-Month Total Enforceable Obligations Funded with Non-Redevelopment Property Tax Trust Fund(RPTTF)Funding A Sources(B+C+D): 200,000 B Bond Proceeds Funding(ROPE Detail) C Reserve Balance Funding(ROPE Detail) D Other Funding(ROPS Detail) 200,000 E Enforceable Obligations Funded with RPTTF Funding(F+G): 7,225,105 F Nan-Administrative Costs(RODS Detail) 6,975,105 O Administrative Costs(BOPS Detail) 260,000 H Total Current Period Enforceable Obligations{A+E): 7,425,105 Successor Agency Self-Reported Prior Period Adjustment to Current Period RPTTF Requested Funding 4n - r43 I Enforceable Obki lone funded with RPTTF fE1 7,225,105 i J Less Prior Period Adjustment(Report of Prior Period Adjustments G©lumn S) (37,581) K Adjusted Current Period RPTTF Requested Funding(W) S 7,187,524 County Auditor Controller Reported Prior_Period Ad ustment to Current Period RPTTF Requested Funding b a0onsl fund ( �` 7,225,105 # od AdJustin 'ran er atmerite Colurn A 4 7.225,105 Certification of Oversight Board Chairman: Pursuant to Section 34177(m)of the Health and Safety code,I hereby certify that the above is a true and accurate Recognised Name Title Obligation Payment Schedule for the above named agency. ' Signature Date Huntington Beach Recognized Obligation Payment Schedule(ROPS 15-169)-ROPS Detail January 1,2016 through June 30,2016 (Report Amounts in Whole Dollars) A H C e E F a H 1 3 K L M N D P Funding Source Nan-Radevalopmanl Property To Trust Fund 049"-RPTM RPTTP CentrPWAgreeronl ContracilAgnmanent Total cul@IarxAng Item 8 Pr-act Name l Dehl Obligation OhN ation T Execution Dale Tnrrninaflon Date Payee caeca m act you Pr Area Debt or ObA nation Retired Bond Proceeds Reserve Balance Offer Funds Non-Admin Adnln Sk-Monlh Total S 88 278 9211 - $ -lio 206.000 S 6175.105 250190D $ 7 25 f 05 2 Hyatt Regency Huntington Beach OFA DOAIConstrue#W14M998 9rXQ1133 PCH Beach Resorts LLC Dls"Non and Denloprnent Merged 4,181.335 N 366,294 - 6 Ws 2B4 Prow Agreement approved on Septan-ber 14.19H forth@ Mterfronl Devefo rood 3 2002 Tax Allocation Rafurdirg Hoods Issued On or W1912D02 8112024 Hank of New York Trust Tax Allocation Bonds Dent Service Merged 11.423,000 N 1,e44,750 $ 1,844.750 Bonds Before 12f31110 Co. payments _ 4 1999 Tog Allocaton R@klndtrg Bonds Issued an or 1112/1999 8M 2024 Bank of Nm York Trust Tax Allocation Bonds Dahl Service Merged 5,232,471 N 750.617 750.617 Banda Before 12/31110 Co. PaVrnaut5 5 2002 Tax Allocation Refunding Foes 1111712010 t VI 2018 Arbitrage CompBance Tax Allocaton Bonds arbitrage rebels Merged SOo N SO 3 SOD Bonds SE2galsl mioulotion-Federal IRS Corroance 6 1999 Tax Allocation ROundlrg Fade I IIf 7f2010 1In 712016 Arbitrage Complhanc r Tax Allocation Bonds arbllrege mWe Merged so N Sao _ Sao. Bonds S alut ealcufallon-Federal IRS 92MIlance 8 2D02 Tax Aeocelfon Refunding fees 80912M2 BM2024 Bank of New York Mellon Tax Allocatlon Bends-Paymentto Merged 1,800 N 1,BD0 $ 1,6W BondsFiscal sort ON Tax AMooatkn Rafundtrg Fees 1112M999 sf1!`2024 Bank of Mew York Mellon Tax Allocsfioro Hoods-Payn ant to Merged 1,600 N 1.600 1,6tN1 lords Flacad Acenit .002 Tex A@ocallor Refunding Fees 13f2D01 6112016 Harrell&Con.nry Preparation and filing of Contlnuing Merged Too N 700 $ Too r londs Advisors,LLC Mcloaure Annual Reports and Ctr Material Event Noticaa tJ 999 To All-atil-RefurAng Feae ir3f2001 af112o16 "well&ConVany Prep®radon and 7 of Con'""V Mergad 2,025 N 2,025 i 2,025 Vr loads Advisors.LLC dad..Anna.Rapsrts.nd Material Event Notiees S 13 Hub 6-5w 106 Intrashudure Bordfi lasued on or V21f2010 6l12019 Hank of Ne York Mellon Legacy binding and enforceable loan Merged 2,052,114 N 487,272 5 487,272 Loan for Hyatrh9&on Pr�eraes Before 1251110 agreement wish Ora u.B.DM rtmeM of Housing and Urban Development Tor capital fiavemefrta 15 Strand Project AddrSanal Parking C]PlWDAICarnstruoa 1202009 913a12033 GIM Group.Ill Property Tax Sknaring Agreement Merged 408-266 N 49.578 $ 49,578 nn underths Dfaposl0on and Oavalaprnanl A9reenrenl(ODA)and Sbdh Irnplementaeen Agreernant ter the Strand projects parking atrutum Whorixad on Jtaru 20 2009. 16 Pacific City - — OPAIDDArCartsi—A 1011612006 1WW2026 Maker Properties&Kona owner Participation Agreement Merged 5520,000 N $ on Bellmer and Berkman approved on D tuber 16,2DOB for I--I future development of a 3I�Ur aha e'-P- located at Pacific Coast Highway and Fke1 Streal and financed by property, Hex ell I� rrt , Huntington Beach Recognized Odilgation Payment Schedule(ROPS 15-16B)-ROPS Detail " January 1,2016 through June 30,2016 i (Report Amounts in Whole Dollars) _- A B C D E F G H 1 J N L M N p P Fundfng Source _ Non-Redevalopnlent Property Tax Trual Fund (Nor,Rprm RPTTF ContradlAgrearnam ContradlAgreemenl Total dubitandng - Item 0 Pruled Name 1 Deft ObIlgaiJon Cb align T Execution pate Tamina*—m.Dales P eo pascd on1Pm dScope Area Debt or ON etion Retired Bond Proeeeds Reaerra Dolance other Funds Nan-Admfn Adrrin Six-hWnlh Total 20 1'tepeymenl of SERAF Debt- SERA.FrERAF 5110r2019 11Y16f2I124 Housing Authority L@gatly anforcaabie ob§UQ n for Merged Y D Brien 2oi6 SERAF Lven re rK _ 21 Ahdaimudi Comer PBrIc"Non UAI DAICu kvc#5QW991 12131/2017 Abdeprxnll Devdoponeni Ovmar Partldpaaon AgreemerrbRanl- Merged l(I'do1 N 10,000 3 10,000 Rgreemaay on!Rfrerential on corrpeay Dffferentlal Agroement epproxed on Agree"at May 28,1991 for the dayskVroant of the three story bWPding at the Cceanni"Ffamerrade.The Thlyd xfnlplarnentatlon Arramodmeri look effect on Norerrt.er 21 1394. lnrunded CeIPERS Pension Lifth-fed liabilities 0l3072011 11f28I2028 CBIPERS unhnded CaIPER9 penwon obligation Mmgsd — 2.897,841 N — 125,154 F 125.158 1 tabiitles as per CaIPERS actuarial valuetlon n C11 of June 30 2012 _ IJ lnfunded Supplemental Redre"M Unfunded UeUlibe3 SI39rd011 11l2812028 US Benk llnlunded actuad.l accrued sebiaty as Mwged 607.550 N 68.920 6 60.920 (�N labiides of September 30.201a as per r ecWaria l valuation by Serial Aamodates LLC. 26 Unfunded OPE6 Umblidee unfunded U.Uwn '1113012011 11£28Fm24 CaRPERS10ERBT unfmrded eduenal accrued fabiily as Merged 75,829 N - 31,417 f 59,817 of June 30,201 a as par Sade1 _ saciates LLC. _ 27 Obagetlon for unused empWyen Urtlurlded ue6lfaaa 3f90V1011 --- 11f2&2024 cRy ernployeaa dlrerdly Obtlgatlnn for unused ev p"e Merged 71,171 N 19,405 f 19.405 Genera!Leave earned and vested Involved in Housing and General Leave earned and vested Redevalop—I profeda pw Molls and AS 9X26 end adminlsera5en S 30 Sella Terra Phase II Prapariy Tax OPAyoDAfCanslrwti 10/4/2010 7tV2036Bald Team Wes,.LLC -- Agree 1 appnrred on ONober 4„ Merged 18,921,347 N 1,129.511 1,122,511 Sharing Agreamont On 20f 0 far c nstruckn of a 461 rrixed- uae udt p*ct.CmWnxtkm Is dArrplela and financed by property lax e8oce8orle_Inclu'es legal __ require men,.to I amaMoblW.g.m 32 Operatives Agrecrsard For The atylCvwMy Loans er17r20i}2 10/112030 CIp1 of Hwflrgton Beach Loan re men payt for advance made an southeast Coastal N f HunVngton Beach Redavelopneera on or Belong copllal projects In FY 2004MS Pro d IY27l11_ 39 Legal expenses for 8uooaeaor Legal 7MO112 7MI2015 Kane Salim-6 Berkman Legal expenses to ensure succaaem Merged 6 southeast. 75.060 N 75,0W 75,gOg Agenry eompawwy wlth AS I 28 Agency oornplianrce with AS I 25 end Coastal and AS lift pursuant to m.wn, AS 9464 and Sare4y Code Section 34171 1 Huntington Beach Recognized Obligation Payment Schedule(BOPS 15-16B)-ROPS Detail January 1,2016 through June 30,2016 (Report Amounts in Whale Dollars) A B C 0 E F a N I J K L M N 4 P FunFH Saunas Non-RedevaWp—d Pfpperty 7m Tfue1 Fund Non-RPrMRPTTF CnnrradlA.greemenr CoatracllAg,-ur orl Total 0ulelaba g Item# Pr cl Nam;0ebt Don Oh Callon F-xecrr5un pate Terminalidn Dale Pay" Lies ro yl Pre edI Area Pete er pIA b= Rvared Bond Proceeds Resems Balance Mar Fund% Non-Adnfn Admin Six-Mwlh Total 4i}Econamic Anaysls aervless relaled Prefesoonal d71SR010 &'15IM20i 5 Kayser Mansion Ewnarrdc Analyst.consulting Merged a Southeast Wow N 50,LM1c1 5D,000 to Surceeam Agency wmpder - Services aervicee to ensure Sul:cleaF Agency GanIIM with A9 1.2e and AB f d54 compliance with AS I 26 and AB pursuant to Health end Safety Cade 14" Section 34171 d 1 i - CIa LJ v n s t a - SO Enforcement of Successor Agency Admin Costa 211,2012 11REf2024 Successor Agency,Kane Successor Agerwy rdminlsirvNe Merged&Sau0rarnl N i - - -200,OD0 230.DD0 ±< 45RDD0 d N ssagan compliance and 9alhner,Keyser Manion, obagesone relating to rrminlelning CPasial n 11-Ing Per AS IX2D and and Medea Gird 3 paymarrbs on enhx &Na olAgadona A51484 O'Connell LLP at all and rnhor aclivIties as required by AS 17t26 51 Successor Agency Property Property 11714D10 11R6r424 S 6 S Fencing,Al Fence Fencing to secure Successor Agency Merged 3,500 N 3,500. ; 3,500 Mabnenence Fencing 0fapaaffiwa Co.,American Fence Progeny 52succaasur Agency Property 'Property IIw201D 11f2&`m24 TruGraen A.needed weed abeternent for ,Merged 4,D00 N 4,000 '3 4,000 Matntanence-weed oonlrol Maintenance • _ art tlhc tarty-Very Low Income OPAIDUNCon buetf 1N1&2006 - -- 1112&2024 Noosing Aulhodly Stalutory housing oWation for Pad6c Merged N f Its on City F-Faind f 1 r--f- cti I funtington Beach Recognized Obligation Payment Schedule(BOPS 15-169)-ROPS Detail JanLraFy 1,2010 through June 30,201E N (Report Amounts in Whole'Dollars) ® C D F. F G H 1 J K L M N G P Funding Scurce Non Redevelopnrnnt Prorcrty lax Trus!Fund rlanRPTT _ _R_P r I _ Contra V'Agreement Contracb'Agreement Total 000E nding Item 4 Pr je cl Name 1 Debt Otlll abun OLIi g aril—Type E—Uflun Date Ter+imation Dale Pa ae Dtserzoton+Pro eat Sc pp Project Area Debt er Obll adnn Reared Bord PrveaerAs Rcsorve©glance G[her Funds Non Admin Arlrrdn ;Ix Month Total 5D Clht PF ?[Pk f�p(14j�a,lri6trP �, iYfX8�92e° C b 1fl3 ct !}lf k"• - x 1 ear op9d` .. ..Ic $ G1MRn ?: MkeiFAff� $ a G3 2GM7 Tar Alf catl9n Refunding 'Bond.N.-c!On nr 6A9Q00Z 8,112024� Bank of Neu Yolk�I rus3 A-- needed 10 rand shortfall in �Mclgad N $ Bonds Beroo 12, vlo Co- ho-nd-.erve account 64 SUrressor Ag �;,y Flrancial U-1kd on A dihr. 11l4r2g13 t 1;dr%p56 Vovrhx.k,idne&.Day Cc Sta1vtor Iy required v rval nrlan.iaP Merged 1 Q,OCtl N to"ma $ 10 G')o S[alament Audit LLP stalame III audit of Successor Agency. 65 Fdir.pe Hotel Project prof Management 1r26l2:114 r,2G 1017 AON En"r entat LLlabl ty Policy io. 'klelged Y $ - Casts. Ed?n er Parcel Vol;,g VPLS 1:5C 12299 . .. 1313t0, AdEkitNsttaH4e mr}Cuda. 11179+2SfaA n�. kthp r4tlthd�l'y 491n(y�ntl1Y Iptf t t n yr�ln'+t of 5-RAF Debt SERAF,ERA.F 5110.1 r01 p 11.25 2XM Morisl ig Aulhodly Legally f eaL lt:oNIg.R,,,lel M-pd Y $ Jbl gat on 2009 SERAF Loan re'a•rnent t .t•anS liytel enJ Nixed-Ilse Qp.ACaD+L'Con.tr4C,5i1l19?9 .4,+it7,20�] GIM[ ua.LC and Kane Properly lax Shallnu Ag aernecr[-�Merge d 8 533 CB7 N A77,9gd $ 677,904 r,Jt +rnject,Parking 6lnflas[waUa Ra:Imer and 6erwun udder the Ltisposi ion and t�J Davelopirmnl Agreement(DDA)far developrnenl of lintel.ura +elan, t eMs nt,and p,bl!C pal king slru.cture.The-Impleerrertat on cr the LIDA and the SIs1I1 IITpIOInenlaFen Ag:ee-nen1 were an leled into(I(",I JUIIU 10 99 to Nuv-ornher 208. i �___.—_.—z'.�7C B II Terra P knq f F sf Cf e V�fL UL.A,Cuns-[ructi 1tl220Ctl g+3G,2g25 Bella Terra Agin�iaS__�LC PrnFm rty 1 I% I :ring Ara nt N-_ged 1Z,@&5312 N 1;31 d,4� $ 1,714,46R Property Tar�,t aflLrg Agreement on rawred mderlhelar firmer Y P'sdidpatz Apree.rrl¢rn,dated 1g.2'Z000)and S.Cortd Irnple anlalmn Agreernent(dated 0 9l171 7)fun Ill.develnp—nt nr the Hrintirgl-Cr oor,Beha Ferro] Includes Iegal re.gviaemenla 10 enforce. 'fv�ati _ 7+ .sing Avlhnnty A,dmiR�stra[lye f5dren Cusis 2+1W20f4 /112612024 Housing Au,hcriCr Housing Linty Adlr n5lrallv¢(;W Merged - N f5000a 1 500000 Cost An.wan,CU Allpwanne ErE 471 _12 -'- _ — N S 75 N 4 — - --- 76 --_ N. - $ - - 78 N 5 9 N S Etl N N 92 N f U - N 14 I__ N —45 - - - — — N — $ 9a I N $ 9i N 5 N $ _ N $ r+ Huntington Beach Recognized 0t%gation Payment Schedule tRGPS 15-1SB) BOPS Detail • January 1,2016 through June 30,2016 1 (Report Amounts in Whole Dollars) B C B E P G H I J K L M N O P FundIng Source Nan•RedavelcpnraM Property Tax Trust Pund nn-fw k71Y7 CorOactlAgreement CarruactrAgrearnent Total Outstanding ill200.2 pro eo1 Name 1 DebtOb8 Bon O Bon T ExecuBan Date Tsrminaion Date P ee Descd rdPro ect Sco a Pr ect Area Debt or ObIl utiun Retired Bond Proceeds Helene Balance Mar Funds Non-A{lrrdn Adrr4n Six-Month Total Tax AiocMFon Refunding Beads Issued On or eli9)2002 81172824 Bank o1 Neer Y.k Trust Amounk Headed to lrnd shortfall in Merged N $ Bonds Bekxe 12y31110 Ca. bond reserve axounl 04 Successor Agency Firrandal 'Maolution Audits 111 l42013 1114201E Vamdnak,Tana d Day Ca SlatNonly required annual Bnancial Merged 10,000 N 90,000 S 10,000 Stolement Audit LLP slatalnent audR of Successor Agency. B5 Edinger Hotel Project Project Managernanl 126OP14 V2AJ2017 ACN Envlronraental UaNity Po"lof Merged Y Coats Edi r Parcel Po NPLS 1501229A f N-i tspaymant of SERAF Bahl SERAFlERAF 5H02010 I l2e2024 Houatrrg Authority Legally enlorcealae oh8ga8on far Merged Y ; 34L aGan 2009 SEW Loan re a ment _ t n ,Vend Hmel and Mixed-Use OPAODAJCwrahucU IV111999 9rswm22 CUM Group,LLC and Kena Property Tax Sharing Agreement Merged 8,543,087 N 877,904 f 871,904 Vl t„n rroject.Parking 6 Intrastaucture on 9011Mr and Serkrtnln under the DispoaAion and Developmsnt Agrarxn nt PDA)for `� p0 development of halet,retell, r r respaurant,end p1411c pa+klrrg structure.The tmpterrrentakn of lho DDA and the Shdh brlAa antation Agfeamanl ware entered into From June 1999 to Novernkrer 2008. 70 eeae Terra Parking In11e5lructure OPAA 7QNConstruc8 1022.f/40 9130f2025 Be1Ia Terra Assodatas LLO Property Tax Sharing Agreement Merged 12.685.312 N 1.314 456 ;: 1,314.458 Property Tax Sharing Agreamonl on required under the terms of the Owner Parlkipetren Agreement{detect I=20M and Second Impfamaniallon Agreement(dated 91172007)for Iha davabpmant of the Hwfington Center]Rolla Terra" Indades legal requiranr0.t5 to enf-- ohll atio 71 Houahig Authority AdminishwIt" Adrrin Costs 21182014 11 f2&2024 Housing Authority Housing Emily Administrative Cost Merged - N 150.09 S 150,000 Card Allowance AMuwance Pat AP 471 721 N 731 V i 74 N - 76 N 77 N 5 78 — N I�l 79 N S P'F 80 - N _ 6 - 81 N 82 N { 83 N 84 N 85 N . 88 N _ _ _..._.... t 87i N 89 N �� 89 N �u 910 N aaa r�®a���s�®aa�aaa F�:F� ��,��� ���■�i�l�i�Ffii��l�ildi������f�l .. �l�bF 11111111111f�7�11111fl111111f!{1f��� .. ,.1�.�f�1111fl�1�11111fl fiF�111flR�•�[ri[:•:i�IJ�FJ�li111111111f�11111111111f�111111fl�1f�R�;]� A9�! Tr'�-11111fl1f���11111fli S::11fi'S"�•1F ;[i311111flk11f�S��;�1111111f� — 111111111fAf11111flF1111f�: 1� e1®l# - �� OEM lFf l^ [IiCT1a'"^1 "Af11fl11111fl11111111f0�f��1111f6L'�11flCr"FF[ f :3l F1111f11LE�F�11111111f� 11f� �F�l� 1911f IISlI�SR itl! � �—��—�_ —�_■� 11��F111111fl I>if� A®RARasr.wm� WON !]F ���.���®®��r�rr��■r���>�F�F1.111111f. 1Ff -- MEMO ©FJ_L - ..—��111111111f•11111111f! �� il�llf�i f1111fl11111111f�111111f�1111f�l�F��. R 11f� �4..:Z �����P 111f�FJ�11111111f�11111111fl11111f� �[ �moll �acm.�.�:i �111i—FA1111111f�11111111fl1111111f��YlF�� 111f[1[ �reaa a a a©se�e■�■�■�sea sa` �!lF�iR._".1.'^.:-^1."_i•�i- i�ipli6i�i•�i�lit—Rw�RAB 16A�1}IAIe !i i[S.'�"5...:..:i!—i�1�ii�i01ii6i�is�i�l it—lA ➢ fAa> i1�61o.� iR.' ���>—� I iw�i•Fii{i �-1�i�iii�i•Aiili�—�i�lit—�1lifMi�Bdtlfl �—�i��ii�—iiili�if�i�li•— i +� —riff i�i•tiiri�i•�i�lit��i ��i��i� >�1ii11�'{�i•�i�lil—�iitlAW�II!16 .. ���i��ii��l>�i!>�l�i•�i�l>il—/1 ��� IIRRlTl1A1�!llR��l �_��i��ii�Jiilf��1!✓ i Ili li e�i � - _ �i��ii�—lii�.����e)�i♦Ilit�AF�i{I�!! i'1 � � I��lii�—liiFi���i I>�1�1®®q®�illg>�lgR4 pA ! �i��ii�il>_fil��i♦i,i�l�—�IAA�A 1 �i��ii!—liil�f���ill���Ai� ,.. 111Fi• ���iii—kiik�f�i• ��` �'�ii�i•FiiFi�ii�i����s® mom.m�lq�q M ` � — i�w�ii�—FiiFi�i•iriitT—� f--f� �i♦F—iFi�—�i�k--WbFINM> Y��la w� �—�i��flflllllllllllll� �i•riiFi�--i�F�- 9IkNl:�iNfAR' 9itll� '�� i��ii�—Fi iFi�i•� -- k - �RLiii �—ii ���ifiiFi�i•�i�F�� 1F�wwsl{ �—�i�ri -�i4iifil�i•�iilit iiMdAlllldNA�IVfYFi —�i��ii�i♦iiifi�i•�i�1it�. i i _ e�ii�i� liilt��il�i�l>il�Rl�tll� NIIl1pYlFf ��i��ii�f-1� I>�A�li♦�i111�1�1491�RRRI1��4�!#9�iif�ltl� ���i��ii��f»il�S�i♦�i�lfi� i �ii-0>!! d ��i��ii �lalJiAi�—�i�Fi•— iAl1C�A. Cf� �w�r���iA�l��r.�l.. r ����rw..ww��ws�w�nlRewr r.�s�wa Fwema{ean{w1aFF�lsall{nlwwl{9rww... ��i��i i��k iiTi�ir�wll�l{I>—li�l��F�� IP9A�AR ERR i wnlnle �--ir�ii��S��F��—�i�k�=�� ®g4A�iRf 1A1RNMIWM1111k �ii�i•FiiFi�—it i it Flip�rCfif�m I>t� ��i��i��i♦Fi iFi�—iti�k�f� i O> �ii•��` w_riiFii—�i�Fi•—ililii �il�� �Fi ifii—�isFi•—�4ii{iffiil ♦_i�rii��fiiFi�—liiF�—!l�i�lld llilMPA'S15eA { _ /li��ii� I�iFi�i•�i�F-- lLS&OtlOMI� - �i��ii��F if ii�i•�i�llil— il�iY{{ i i��ii�i•f�it iii•—i�F�—�f9d{{R�d ii Ci��ii�i•fiili—i•ii�F)i�7AllR�li lYl _.. _ .fie. i��ii�li•if� 1 ���i�;��illli= � I�{ri� l�liilf� �i��ii��iili�i•ii�ffi awl —Aim i��iiifi♦�iili�i•�i�Ffi� i®�Ji i { i��ii� ff iFi�i••�i�Fi'�� ii �i��iil i•I�ili�i•�i�lit— ice >�lARARlRT.RR �iiii �If�iFi�ii•�i�l r-r• CD �p Huntington Beach Recognized Obligation Payment Schedule(ROPS 15-16B)-Notes +, Janus 1,2016 through June 30, 2016 F� Item# Notealcomments - 30 Includes remaining debt service due and not paid for fiscal year 2014-15 in Oe amount of$4a.323 r — _ - --- -------- IQ L - Successor Agency Res. No. 2015-03 STATE OF CALIFORNIA COUNTY OF ORANGE ) ss: CITY OF HUNTINGTON BEACH ) I, JOAN L FLYNN the Clerk of the Successor Agency to the former City of Huntington Beach Redevelopment Agency, Huntington Beach, California, DO HEREBY CERTIFY that the foregoing resolution was duly adopted by The Successor Agency to the Redevelopment Agency of the City of Huntington Beach at a special meeting held on September 21, 2015 and that is was so adopted by the following vote AYES: Posey, O'Connell, Katapodis, Hardy, Sullivan, Delgleize, Peterson NOES: None ABSENT: None ABSTAIN: None 1 J/40,011)- dlerkol The Successor A ency to the Redevelopment Agency of the City of Huntington Beach, California FATnow TACHMENT #2 RESOLUTION NO 2015-04 A RESOLUTION OF THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH APPROVING THE SUCCESSOR AGENCY ADMINISTRATIVE BUDGET FOR THE PERIOD JANUARY 1, 2016 THROUGH JUKE 30, 2016 WHEREAS, California Health and Safety Code section 341770) requires that the Successor Agency to the Redevelopment Agency of the City of Huntington Beach ("Successor Agency") prepare an administrative budget for each six month fiscal period, and A draft administrative budget for the fiscal period of January 1, 2016 through June 30, 2016 ("Administrative Budget") is attached hereto as Exhibit A; and California Health and Safety Code section 34177(k) requires the Successor Agency to provide to the County Auditor-Controller administrative cost estimates for expenses from the administrative budget that are to be paid from property tax revenues deposited in the Redevelopment Property Tax Trust Fund for each six month fiscal period; and All of the prerequisites with respect to the approval of this Resolution have been met. NOW, THEREFORE, the Successor Agency to the Redevelopment Agency of the City of Huntington Beach does hereby resolve as follows: 1. The Successoi Agency hereby finds and deteniiines that the foregoing recitals are true and correct. 2 The Administrative Budget attached hereto as Exhibit A is hereby approved 3 The Successor Agency staff is directed to- (i) provide the required cost estimates for expenses to the County Auditor-Controller; and (11) to do any and all things and to execute and deliver any and all documents which may be necessary or advisable in order to effectuate the purposes of this Resolution 4 The Successor Agency does not intend, by adoption of this Resolution, to waive any constitutional, legal and/or equitable rights of the Successor Agency or the City of Huntington Beach under law and/or in equity by virtue of the adoption of this Resolution and actions approved and taken pursuant to this Resolution and, therefore, reserves all such rights of the Successor Agency and the City of Huntington Beach under law and/or in equity. 15-4894/125918 1 Successor Agency Resolution No . 2015-04 PASSED AND ADOPTED by the Successor Agency to the Redevelopment Agency of the City of Huntington Beach at a regular meeting thereof held on the 21 s t day of September , 2015. Ik Chairm REVIEW D AND APPROVED: Exec, veffitector APPROVED AS TO FORM: A7 Counsel bl,% °��1n115 15-4894/125918 2 Successor Agency Resolution No . 2015-04 EXHIBIT A ADMINISTRATIVE BUDGET FOR THE PERIOD JANUARY 1, 2016 THROUGH JUNE 30, 2016 [behind this page] 15-4894/125918 3 } SUld" oir'Agency Administrative Budget.;.' Department Budget Summary Other Funds by Object,Account OT„HER,;FUNDS a xg `x EX eltdlture'Cibiect„r <C( In '"' ry °120PS.�5168 Budget "; RORF Administration t350 PERSONAL,SERVICES Salaries/Benefits-Permanent 210,000 PERSON•AaL,fR1tIGES 5. OPERATING EXPENSES Legal Services 75,000 Other Professional Services/Operating 165,000 240,000?`'. Total 450,000 � < �y , • Rev nm _ -16A BudgetuSu OPSt5 , Administrative Allowance 250,000 Other Funds 200,000 Total 450,000 Significant Changes Pursuant to AB x126 and AB 1484, the Successor Agency receives RPTTF funding from the County Auditor- Controller to pay Enforceable Obligations. The Successor Agency also receives a 3% or minimum o $250,000 for administration of the winding down of the former Redevelopment Agency per fiscal year. Administrative costs associated with the "wind down" and dissolution of the Redevelopment Agency that exceed the administrative cost allowance will be funded by Other Funds, pursuant to State rules. Administrative expenses include: personnel costs, legal, and other professional services expenses associated with the dissolution and administration of the Successor Agency. Item 9. - 18 HB -536- Successor Agency Res. No. 2015-04 STATE OF CALIFORNIA COUNTY OF ORANGE ) ss: CITY OF HUNTINGTON BEACH ) I, JOAN L FLYNN the Clerk of the Successor Agency to the former City of Huntington Beach Redevelopment Agency, Huntington Beach, California, DO HEREBY CERTIFY that the foregoing resolution was duly adopted by The Successor Agency to the Redevelopment Agency of the City of Huntington Beach at a special meeting held on September 21, 2015 and that is was so adopted by the following vote AYES: Posey, O'Connell, Katapodis, Hardy, Sullivan, Delgleize, Peterson NOES: None ABSENT: None ABSTAIN: None 01 Clerk The Successor ency to the Redevelopment Agency of the City of Huntington Beach, California