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Oversight Board Resolution 2013-08 - Transmittal of Amended
AGENDA REPORT Oversight Board of the Huntington Beach Successor Agency to the Redevelopment Agency MEETING DATE: May 30, 2013 SUBJECT/ACTION: Adopt Resolution No. 2013-08 Approving and Authorizing Transmittal of the Amended Due Diligence Review of Non-Housing Redevelopment Funds RECOMMENDED ACTION: Motion to: Adopt Resolution No. 2013-08, "A Resolution of the Oversight Board to the Successor Agency to the Redevelopment Agency of the City of Huntington Beach approving and authorizing the transmittal of the Due Diligence Review, as amended, of Successor Agency Funds and Accounts other than the low and moderate Income Housing Fund." BACKGROUND: Assembly Bill 1484 (AB 1484) calls for the Oversight Board to review, approve, and transmit to the Department of Finance (Department) and the County Auditor-Controller the determination of cash available for disbursement to taxing entities from the dissolved Huntington Beach Redevelopment Agency's (Agency) non-housing funds, which, in Huntington Beach's case, is negative ($660,859). This determination is made based on a due diligence review conducted by a licensed accountant. The Oversight Board held a required public comment session on the Due Diligence Review (DDR) at a special meeting held on May 22, 2013, and received no comments from the public. The attached Amendments to the Independent Accountant's Report on Applying the Agreed-Upon Procedures on the Successor Agency to the dissolved Huntington Beach Redevelopment Agency (Report) presents the amended results of this review. The Report and amendments found there were no unobligated fund balances in the Non- Housing Redevelopment Funds for remittance to the County Auditor-Controller because all Non-Housing Redevelopment Funds are either legally restricted or needed to satisfy current obligations. The Amended Report was provided to the Oversight Board. As discussed at the May 22"d Oversight Board Meeting, on January 8 and January 15, 2013, the Oversight Board held a Public Comment Session and then approved the Due Diligence Review ("DDR") for Non-Housing Redevelopment Funds. The DDR was submitted to the State Department of Finance (DOF) as mandated by Assembly Bill 1484. The Successor Agency and the audit firm of Vavrinek, Trine, Day & Co., LLP (VTD) relied on the "List of Procedures for Due Diligence Review"; as posted on the DOF's website, which, on page 1, states the following: Page 2 Due Diligence Review of the Non-Housing Redevelopment Funds "Fiscal year references below refer to fiscal years ending on June 30. This language should be modified for those agencies that have a different fiscal year end." On April 1, 2013, the Successor Agency was informed that the DDR was deemed invalid, due to the Successor Agency and audit firm relying on the DOF's procedures, that the audit could be based upon the City's fiscal year-end September 30t", rather than the State of California's fiscal year-end June 30t" The City has amended the DDR exhibits to match the June 30t" State fiscal year-end and have re-submitted them. The same conclusion was determined through the amendment as the original submittal; the Successor Agency has no available funds to be submitted to the taxing agency. However, the DOF has requested that the Oversight Board once again review the amended DDR and receive public comment and then approve the DDR. ANALYSIS: On June 27, 2012, the governor signed AB 1484 modifying provisions of the Dissolution Act and imposing new requirements on successor agencies. Section 34177(d) of the Health and Safety Code requires successor agencies to remit unobligated balances of redevelopment agency funds, including the unobligated balance of the Housing Fund, to the County Auditor-Controller for distribution to the taxing entities. Section 34179.5 to the Health and Safety Code requires successor agencies to hire a licensed accountant, Oversight Board Meeting approved by the County Auditor-Controller and with experience and expertise in local government accounting to conduct two reviews a noted below to determine the unobligated balances available for transfer to taxing entities. The accounting firm Vavrinek, Trine, Day & Co., LLP (VTD) was retained by the City and approved by the County of Orange to perform the required due diligence reviews. Two reviews were required to be performed; one for the Housing Redevelopment Funds, and one for Non-Housing Redevelopment Funds. This report is related to the Non-Housing Redevelopment Funds review. Both reviews were completed and submitted. Section 34179.5 of the Health and Safety Code identifies the general requirements of the due diligence reviews. After its review of the law, the Governmental Accounting and Auditing Committee of the California Society of Certified Public Accountants developed Agreed-Upon Procedures to satisfy these requirements with input from the State Controller's Office and the Department. The procedures include identifying assets transferred to the Successor Agency, the City, other public agencies or private parties; identifying assets remaining; and calculating the remaining balance available. The firm followed these procedures in determining that there are no Non- Housing Redevelopment Funds of the dissolved Agency to be distributed to the taxing entities. As of June 30, 2012, the Successor Agency had Non-Housing funds totaling Page 3 Due Diligence Review of the Non-Housing Redevelopment Funds $15,050,903. The Report found all of the funds are needed to satisfy obligations of the Successor Agency as follows: Total amount of assets held by the Successor Agency as of September 30, 2012 $15,050,903 Less assets legally restricted for uses specified by debt (2,717,598) Less assets that are not cash or cash equivalents (e.g., physical assets) (122,728) Less balances that are legally restricted for the funding of an enforceable obligation (net of project annual revenues available to fund those obligations) (6,494,023) Amount to be remitted to County for disbursement to taxing entities (660,859) On January 15, 2013, the Oversight Board reviewed, approved, and transmitted to the Department, State Controller's Office and the County Auditor-Controller the determination of the amount of cash that is available for disbursement from the Non- Housing Redevelopment Funds. As confirmed in Exhibit C-5 of the Report, there is no cash available for disbursement; there is actually a negative ($660,859). Due to having to resubmit amendments to the Report, the Oversight Board was required to convene a public comment session on the review and did so no January 8, 2013 and received no comments from the public. Today's Oversight Board meeting is for the purpose of requesting the Oversight Board's approval of the review of the transmittal to the required parties. The Department shall complete its review of the determination of cash available. The Successor Agency may request to meet and confer with the Department to resolve any disputes regarding the Department's review within five business days of the Department's decision. ATTACHMENT: 1) Resolution No. 2013-08, "A Resolution of the Oversight Board to the Successor Agency to the Redevelopment Agency of the City of Huntington Beach approving and authorizing the transmittal of the Due Diligence Review, as amended, of Successor Agency Funds and Accounts other than the low and moderate Income Housing Fund." ATTACHMENT # 1 RESOLUTION NO. 2013-08 A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH APPROVING AND AUTHORIZING THE TRANSMITTAL OF THE DUE DILIGENCE REVIEW (AS AMENDED) OF SUCCESSOR AGENCY FUNDS AND ACCOUNTS OTHER THAN THE LOW AND MODERATE INCOME HOUSING FUND WHEREAS, pursuant to Health and Safety Code Section 34175(b) and the California Supreme Court's decision in California Redevelopment Association, et al. v. Ana Matosantos, et al. (53 CalAth 231(2011)), on February 1, 2012, all assets, properties, contracts, leases, books and records, buildings, and equipment of the former Redevelopment Agency of the City of Huntington Beach transferred to.the control of the Successor Agency to the Redevelopment Agency of the City of Huntington Beach (the "Successor Agency") by operation of law; and Health and Safety Code Section 34179.5(a) requires the Successor Agency to employ a licensed accountant, approved by the County Auditor-Controller and with experience and expertise in local government accounting, to conduct separate due diligence reviews for the Low and Moderate Income Housing Fund and for all other funds and accounts combined, in order to determine the unobligated balances available for transfer to taxing entities; and The Successor Agency, with the approval of the Orange County Auditor- Controller, contracted with Vavrinek, Trine, Day and Co., LLP to perform the due diligence reviews; and The due diligence review of the Low and Moderate Income Housing Fund was approved by the Oversight Board on November 16, 2012 and the due diligence review for the other funds and accounts of the Successor Agency ("Due Diligence Review") was approved by the Oversight Board on January 15, 2013; and The Due Diligence Review approved on January 15, 2013 was prepared in accordance with the Procedures posted on the State Department of Finance's website; and Following the January 15" approval and subsequent submittal to the State Department of Finance of the Due Diligence Review, the State Department of Finance requested that the Due Diligence Review exhibits be amended to match a June 30th fiscal year end rather than the former Redevelopment Agency's September 30th fiscal year end; and The Due Diligence Review exhibits have been so amended; and Pursuant to Health and Safety Code Section 34179.6(b), upon receipt of the Due Diligence Review (as amended), and at least five business days before the Oversight 12-3561.001/89565 1 Resolution No. 2013-08 Board considers the approval of the Due Diligence Review (as amended), the Oversight Board must hold a public comment session (the "Public Comment Session") at which time the public has an opportunity to hear and be heard on the results of the Due Diligence Review (as amended); and The Oversight Board must consider the opinions, if any, offered by the County. Auditor-Controller on the results of the Due Diligence Review (as amended); and On May 22, 2013, the Oversight Board held the Public Comment Session pursuant to Health and Safety Code Section 34179.6(b) and has considered the opinions, if any, offered by the County Auditor-Controller on the results of the Due Diligence Review (as amended); and Pursuant to Health and Safety Code Section 34179.6(c),the Oversight Board must review, approve and transmit to the State Department of Finance and the County Auditor- Controller, the determination of the amount of cash and cash equivalents in the funds and accounts of the Successor Agency, other than the Low and Moderate Income Housing Fund, available for disbursement to taxing entities as determined according to the method provided in Section 34179.5. Health and Safety Code Section 34179.6(c) provides that the Oversight Board may adjust any amount provided in the Due Diligence Review (as amended)to reflect additional information and analysis; and The Oversight Board now desires to approve the Due Diligence Review (as amended)that is attached to this Resolution and authorize its transmittal; and The Oversight Board may direct staff of the Successor Agency to perform work in furtherance of the Oversight Board's duties and responsibilities; and All other legal prerequisites to the adoption of this Resolution have occurred. NOW, THEREFORE, the Oversight Board of the Successor Agency to the Redevelopment Agency of the City of Huntington Beach does hereby resolve as follows: 1. The Oversight Board hereby finds and determines that the foregoing recitals are true and correct. 2. The Oversight Board has received and heard all oral and written objections to the Due Diligence Review (as amended) and the determination of the amount of cash and cash equivalents in the funds and accounts of the Successor Agency, other than the Low and Moderate Income Housing Fund, available for disbursement to taxing entities and all such oral and written objections are hereby overruled. 3. The Oversight Board hereby approves the Due Diligence Review (as amended). 4. Based upon the Due Diligence Review (as amended), the Oversight Board hereby determines that the amount of the cash and cash equivalents in the funds and 12-3561.001/89565 2 Resolution No. 2013-08 accounts of the Successor Agency other than the Low and Moderate Income Housing Fund that is available for distribution to the taxing agencies is zero. 5. The staff of the Successor Agency is hereby directed to transmit to the State Department of Finance and the County Auditor-Controller on behalf of the Oversight Board written notice and information regarding the actions taken by this Resolution and specifically the determination of the amount of cash and cash equivalents in the funds and accounts of the Successor Agency other than the Low and Moderate Income Housing Fund that are available for distribution to taxing entities as determined by the Due Diligence Review (as amended). Such notice to the State Department of Finance shall be provided by electronic means and in a manner of the Department's choosing. 6. The staff of the Successor Agency is hereby authorized to execute and record such documents and instruments and to do any and all other things which they may deem necessary or advisable to effectuate this Resolution and any such actions previously taken are hereby ratified. 7. The Oversight Board does not intend, by adoption of this Resolution, to waive any constitutional, legal and/or equitable rights of the Oversight Board, the Successor Agency or the City of Huntington Beach under law and/or in equity by virtue of the adoption of this Resolution and actions approved and taken pursuant to this Resolution and, therefore, reserves all such rights of the Oversight Board, the Successor Agency and the City of Huntington Beach under law and/or in equity. 8. This Resolution shall take effect upon the date of its adoption. PASSED AND ADOPTED by the Oversight Board o the Successor gency to the Redevelopment Agency of the City of Huntington Bea c t a special eting thereof held on the 30th day of May , 20 ai on REVIE'VEP ND APPROVED: INITIATED PPROVED: L/ eq tive Director puty Executi e Director APPROVED AS TO FORM: Y V Exhibit A: Due Diligence Review Board Coun 1 12-3561.001/89565 3 Exhibit A City of Huntington Beach Redevelopment Successor Agency Exhibit B Pursuant to AB 1484-All Other Funds Summary of Financial Transactions Original Submitted to Revised Exhibit DOF Redevelopment Redevelopment Redevelopment Successor Successor Agency Agency Agency Agency Agency 12 Months Ended 12 Months Ended 4 Months Ended 8 Months Ended 5 Months Ended 9/30/2010 9/300-011 1/31P1012 9/30/2012 6/30/2012 Assets(modified accrual basis) Cash and Imprest Cash $ 11,175,988 $ 6,795,373 $ 14,001,933 $ 6,494,023 $ 12,210,577 Cash with Fiscal Agent 2,402,319 2,450,681 3,039,273 2,422,613 2,717,598 Tax Increments Receivable 4,509,650 3,866,063 - - - Accounts Receivable 753,399 78,826 - Accrued Interest Receivable 37,060 19,239 - - - Loans Receivable 8,070,000 10,334,925 10,383,647 158,988 122,728 Due from Capital Projects Fund 1,823,575 1,836,536 1,362,614 - - Due from Debt Service Fund 4,507,706 5,514,257 3,927,706 Other Assets(Advances to Other Funds) 302,489 - - - Land Held for Resale 6,158,399 - - 5,978,103 - (C) Total Assets $ 39,740,585 $ 30,895,900 $ 32,715,173 $ 15,053,727 $ 15,050,903 Liabilities(modified accrual basis) Accounts Payable $ 217,065 $ 3,226,481 $ 923,638 $ 8,846 $ Deposits Payable - - 114,981 $ 114,981 114,981 Other Liabilities(Advances from Other Fund 3,773,291 - - - - Deferred Revenue 10,353,740 10,219,516 10,219,516 Due to Capital Projects Fund 659,961 1,570,473 - - Due to Debt Service Fund 1,081,000 5,780,320 - - - Due to Low/Mod Income Housing Fund 4,590,320 - 5,290,320 5,290,320 5,290,320 Total Liabilities $ 20,675,377 $ 20,796,790 $ 16,548,455 $ 5,414,147 $ 5,405,301 Equity 19,065,208 10,099,110 16,166,718 9,639,580 9,645,602 Total Liabilities+Equity $ 39,740,585 $ 30,895,900 $ 32,715,173 $ 15,053,727 $ 15,050,903 Total Revenues: $ 22,823,373 $ 19,236,576 $ 7,313,828 $ 3,491,464 $ 4,676,256 Total Expenditures: $ 31,336,767 $ 28,202,674 $ 1,246.220 $ 5,691,012 $ 947,906 Total Transfers: $ $ $ - $ - Total Extraordinary Items $ $ $ - $ 11,939,128 $ 5,917,252 Net change in equity $ (8,513,394) $ (8,966,098) $ 6,067,608 $ 9,639,580 $ 9,645,602 Beginning Equity: $ 27,578,602 $ 19,065,208 $ 10,099.110 $ - $ Ending Equity: $ 19,065,208 $ 10,099,110 $ 16,166,718 $ 9,639,580 $ 9,645,602 Other Information(show year end balances for all three years presented): Capital assets as of end of year $ 48,777,000 (A) $ - $ - $ 15,033,359 $ Long-term debt as of end of year $ 139,237,000 $ 133,399,000 $ 129,490,040 $ 140,033,942 (n) $ 129,165,190 (A) In fiscal year 2009-10,the Agency transferrred depreciable capital assets with a net book value of$31,624,000 for a public parking structure and blufftop restrooms. Refer to Note 12 of the audited redevelopment agency financial statements for the year ending September 30,2011 for futher detail. (n) Waterfront asset was incorrectly added to the long-term debt amount by the auditors,increasing long-term debt by$14,023,000. (c) Assets considered Land Held for Resale were transferred from the Redevelopment Agency to the City in 2011 and were transferred back to the Successor Agency after June 30,2012. City of Huntington Beach Redevelopment Successor Agency Pursuant to AB 1494-All Other Funds Exhibit C Schedule of Asset Transfers to the City.County,or City and County,and Other Public Agencies or Private Parties S VALUE OF S VALUE OF ASSETS SOURCE DOC PURPOSE OF TRANSFER BASIS FOR TRANSFER DATE OF TRANSFER DESCRIPTION OF ASSETS RECIPIENT ASSETS TRANSFERRED NOT SUPPORTED Period of Jan 1,20111hrough.lan 31,2012 Repayment of loan outstanding Health mid Safety Code Sections 33220, City of Huntington Beach General to the City for the puchase of 33600,3360t,336610 1/1/2011 Cash and Cash Equivalents Fund 409,483 land Repayment of loan outstanding Health and.Safety Code Sections 33220, City of Huntington Beach General to the City for the puchase of 33600,33601,336610 2/28/2011 Cash and Cash Equivalents Fund 409.483 land Repayment of loan outstanding Health and Safety Cade Sections 33220, City of Huntington Beach General to the City for the puchase of 33600,33601,336610 3/7/2011 Cash and Cash Equivalents Fund 2,456,900 land Repayment of loan outstanding Health and Safety Cade Sections33220, City of Huntington Beach General to the City for the puchase of 33600,33601,336610 3/3 1120 1 1 Cash and Cash Equivalents Fund 409,483 land Repayment of loan outstanding Health and Safely Code Sections 33220, City of Huntington Beach General to the City for the puchase of 33600,33601,336610 9/29/2011 Cash and Cash Equivalents Fund 1,132,602 land _ Disposition and development agreement by and between the Redevelopment Agency of the City of Huntington Beach and PCH Beach Resort,LLC dated April 4,2011,City Council Resolutions 4201 I-17&2011-18 and City of Huntington Beach General Resolution#2O11-17 Redevelopment Agency Resolution Ns 387& 3/7/2011 Waterfront Fund 14,023,000 See Footnote 1 388. City of I luntington Beach General Returned to Agency on January Returned to Agency on January 31,2012 10/31/2011 Cash and Cash Equivalents Fund 409,500 31,2012 City of Ihorington Beach General Returned to Agency on January Returned to Agency on January 31,2012 11/30/2011 Cash and Cash Equivalents Fund 409,500 31,2012 City of Huntington Beach General Returned to Agency on January Returned to Agency on January 31,2012 12/31/2011 Cash and Cash Equivalents Fund 409,500 31,2012 City of(luntington Beach General Returned to Agency on January Returned to Agency on January 31,2012 1/1712012 Cash and Cash Equivalents Fund 3,276,000 31,2012 City of Iluntingron Beach General Returned to Agency on January Returned to Agency on January 31,2012 1/31/2012 Cash and Cash Equivalents Fund 1,541,902 31,2012 Reversal of transfers to City Reversal of transfers to City made from City of Huntington Beach General made from October 2011- October 2011-January 2012 1/31/2012 Cash and Cash Equivalents Fund (6,046,402) January 2012 Period of Feb 1,2012 through September 30,2012 FeeEweEo-1 oftmnafeF for dispos4iini And d2 Mlaterfreat (14,023,000) _ TOTAL 18,840,952 Footnote I The S 14,023,000 waterfront property was transferred back to the Successor Agency as of September 30,2012.With the reversal of the waterfront property,the total value of assets transferred is$4,817,952 as indicated below: Total value of assets transferred per Exhibit C 19,940,952 Less:Reversal of waterfront property (14,023,000) Total value of assets transferred,net S 4,817,952 City of Huntington Beach Redevelopment Successor Agency Exhibit C-1 All Other Funds-Listing of Assets As of September 30,2012-Unaudited Note: Excludes all assets held by the entity that assumed the housing function of the former RDA Original Submitted to DOF Revised Exhibit Assets as of 9/30/2012 as of 6/30/2012 Cash and investments Cash with Treasurer $ 6,494,023 $ 12,210,577 Total $ 6,494,023 $ 12,210,577 Cash/investments w/Fiscal Agent 1999 TABS Cash with Fiscal Agent 753,775 754,499 2002 TABS Cash with Fiscal Agent 1,668,838 1,963,099 Total 2,422,613 2,717,598 Other(break-out/delineate as appropriate) Auto BID Loan Receivable 43,572 40,156 NF Loan Receivable 115,416 82,572 Land 15,033,359 (A),(B) - Land Held for Resale 5,978,104 (B) - Total 21,170,451 122,728 TOTAL.ASSETS AT TOTAL,ASSETS AT 9/30/2012: $ 30,087,087 6/30/12: $ 15,050,903 (A) Includes the$14,023,000 land as noted in Exhibit C (B) Properties included in the Land and Land Held for Resale balances were returned to the Successor Agency effective September 30, 2012. City of Huntington Beach Redevelopment Successor Agency Pursuant to AB 1484-All Other Funds Exhibit C-2 Legally Restricted Amounts Original Submitted to DOF Revised Exhibit 9/30/2012 6/30/2012 PERIOD OF PURPOSE/DOC SOURCE/LEGAL ITEM DESCRIPTION ACCOUNT AMOUNT AMOUNT DOCUMENT RESTRICTION A Unspent Bond Proceeds None - - B Grant proceeds and program income None - - C Other assets/Debt service 1999 Tax Allocation Bonds Official Statement a 1999 TABS Bond Reserve held with Fiscal Agent $ 753,775 $ 754,499 dated January 12, 1999 debt reserve funds August 1,2024 2002 Tax Allocation Bonds Official Statement b 2002 TABS Bond Reserve held with Fiscal Agent $ 1,668,838 $ 1,963,099 dated June 19,2002 debt reserve funds August 1,2024 Total $ 2,422,613 $ 2,717,598 City of Huntington Beach Redevelopment Successor Agency Exhibit C-3 Pursuant to AB 1484-All Other Funds Non Liquid Assets-All Other Funds Original Submitted to DOF Revised Exhibit VALUE METHOD 9/30/2012 6/30/2012 (COST OR ITEM DESCRIPTION AMOUNT AMOUNT MARKET) A Capital Assets 1 10 foot remnant $ 259,000.00 $ - (B) Cost 2 Surf Museum,411 Olive Avenue 286,301.00 - (Ix) Cost 3 Gothard/Center(Westminster Parcel) 465,059.00 - (Ix) Cost 4 Waterfront 14,023,000.00 - (Ix) Cost B Land Held for Resale 1 Center Ave.near McFadden(A) 1,084,074.00 - (B) Cost 2 South side of Edinger Avenue and East of Parkside 664,582.00 - (11) Cost 3 Northwest corner of Aldrich and Parkside 753,180.00 - (Ix) Cost 4 7872 Edinger Avenue 3,476,267.00 - (11) Cost C Long Term Receivables I Auto BID Loan Receivable 43,572.00 40,156.00 2 NF Huntington Loan Receivable 115,416.00 82,572.00 Total $ 21,170,451.00 $ 122,728.00 (A) Currently under construction as a public skate park (11) Properties included in the Land and Land Held for Resale balances were returned to the Successor Agency effective September 30,2012. Refer to Exhibit C-3 for a detailed listed of the properties. Summary- Exhibit C-4 Summary of 5 Year Cash Flow/RPTTF Funding Forecast Successor Agency to Huntin ton Beach Redevelopment A enc 1 2 3 5 6 7 6 9 10 11 12 Certificate of Compliance Less Debt Service, Bond Fees,Loan Less SERAF Less ROPS Less City Emerald Semi Annual Repayments,Other Less Admin Subtotal 200912010 Items 41A9 Less City GF Cove Land Subtotal Transfer From 60% Fiscal Year Payment Date Property Tax Costs&Unpaid Allowance Overt(Under) Repayment Repayment Loan Repayment Repayment Over/(Under) Funds Annual Distribution Pass Throughs 2011-12 Jan-12 8.260,099 7,457,973 250,000 552,126 552,126 552,126 2012-13 Jun-12 3,428,586 5,680,531 - (2,151,945) (2,151,945) (2,151,945) Jan-13 7,012,392 13,613,218 304,106 (6,904,932) 6,904,932) 6,494,023 410,909) 2013-14 Jun-13 4,106,000 1,879,905 125,000 2,101,095 2,101,095 - 2,101,095 Jan-14 7,970,000 4,773,775 143,213 3,053.012 1,526,506 1,526,507 1,526,507 2014-15 Jun-14 4,106,000 4,074,301 126,000 (93,301) - (93,301) (93,301) Jan-15 7,970,000 3,274,660 126,000 4,570,440 2,285,218 2,285,222 2,285,222 2015-16 Jun-15 4,106,000 3,202,629 125,000 778,371 272,221 93,571 412,578 - 412,578 Jan-16 7,970,000 4,405,242 132,157 3,432,600 - 1,373,040 2,059,560 - 2,059,560 2016-17 Jun-16 4,106.000 3,240.114 126,000 740,886 296,354 444,532 - 444,532 Jan-17 7,970,000 4,443,626 133,309 3,393,066 1,357,226 2,036,840 - 2,035,840 2017-18 Jun-17 4,308,000 3,278,513 125,000 904,487 361,794 542,692 - 642,692 Jan-18 8,363,000 4,494,260 134,828 3,733,912 - 1,493,565 2,240,347 2,240,347 Prepared by Keyser Marston Associates,Inc. 15 Filename:HB_CF_2013-01-09_Scenario2:Summary:1/912013:GSH:Page 1 of 1 Table I Exhibit C-4(Continued) Cash Flow/RPTTF Funding Forecast Successor Agency to Huntin ton Beach Redevelopment Agency 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 is 17 Certificate of Completion Received Less City Loan Aiianoy Less SERAF Less ROPS Repayment Seml Annual Otter Low Unpaid Pass Expenditures Cot Subtotal Overt 20092010 Items 4149 Less City GF Emerald Cove Land Subtotal Overt Transfer From Fiscal Year Payment Data Property Tax Bond Debt Servios Bond Fees Repayments Other Cos, Thrcug+s Minh Almance 2011Jm 2012 Coft blolal (Under) Repayment Repayment Loot Repayment OPA (Under) 80%Funds Annual Oisttrbulion 2011-12 Jan-12 8,260 099 2,794,176 376,788 753,510 692,378 2,653 000 250,000 188,123 7,707.973 552,126 - - - - 552,126 - - 552,126 2012-13 Jun-12 3,428.586 2,689,152 371,708 2,045,779 473692 - - - 5,580,531 (2,151,945) - - - - (2,151,945) (2,151.946) Jan-13 7,012,392 3,216,671 1,577,060 1,998,487 6,821,000 304,106 13,917,324 6,904,932) (6,904,932) 6,494,023 (410,909) 2013-14 Jun-13 4,108,000 - 734,936 942.420 202,549 - 125,000 - 2,004,905 2,101,095 - - - - 2,101,095 - 2,101,095 Jan-14 7,970000 3,237642 5,160 1,496,00E 34,965 - 143,213 - 4,916,988 3,053,012 1,526,505 - - - 1,526,507 - 1,526,507 2014-15 Jun-14 4,106,000 - 734,936 3,163,504 175,861 - 125,000 - 4,199,301 (93,301) - - - - (93,301) - (93,301) Jan-15 7,970,000 3,248,400 5,160 6,000 15,000 - 125,000 - 3,399,560 4,570,440 2,285,218 - - - 2,285,222 - 2,285,222 2016-18 Jun-15 4,106,000 - 734,936 2,310,534 157,159 - 125,000 - 3,327,629 778,371 272,221 93,571 - - 412,578 - 412,678 Jan-16 7.970,000 3.287,963 5,160 1,112,119 - - 132,157 - 4,537,400 3,432,600 - 1,373,040 - - 2,059,660 - 2,069,580 2018-17 Jun-18 4,106,000 - 734,936 2.342,492 162,686 - 125,000 - 3,365,114 740,896 - 296,354 - - 444.532 - 444,532 Jan-17 7,970,000 3,302,033 5,160 1,136,433 - - 133.309 - 4,576.934 3.393,066 - 1,357,226 - - 2,035,840 - 2,035,840 2017-18 Jun-17 4,308,000 - 734,936 2,375,089 168,488 - 125.000 - 3,403,513 904,487 - 361,794 - - 542,692 - 642,692 Jan-18 8,363,000 3,318,868 5,160 1,155,233 15,000 - 134,828 - 4,629,088 3.733,912 - 1,493,566 - - 2,240,347 - 2,240,347 2018-19 Jun-1B 4,308,000 - - 2,402,337 174,581 - 125,000 - 2,701,918 1606,082 - 842,433 - - 963,849 - 963,649 Jan-19 8,363,000 3,345,647 5,160 1,180,528 - - 135,940 - 4,667,275 3,695,725 - 1,478,290 - - 2,217,435 - 2,217,435 2019-20 Jun-19 4,308,000 - - 2,438,251 180,978 - 125,000 - 2,742,229 1,565,771 - 626,308 - - 939,463 - 939,463 Jan-20 8,363,000 1,878,866 5,160 1,208,330 - - 125,000 - 3,215,166 5,147,844 - 2,059,138 - - 3,088.706 - 3,088,706 2020-21 Jun-20 4,308,000 - - 2,470.843 187,698 - 125,000 - 2.783,539 1524,461 - 609.784 - - 914,677 - 914677 Jan-21 8,363,000 1,875,425 5,160 1.232,648 15,000 - 125,000 - 3,253.233 5,109,767 - 2043,906 - - 3,065,881 - 3,066,861 2021-22 Jun-21 4,308,000 - - 2,506,127 194,749 - 125,000 - 2,825,B76 1,482,124 - 592,850 - - 889.275 - 889,275 Jan-22 8,363,000 1,468,250 5,160 1,259,492 - - 125,000 - 2,857.902 5,505,098 - 2,202,038 - - 3,303,060 - 3,303 060 202243 Jun-22 4,308,000 - - 2,542,116 202,154 - 125,000 - 2,869,270 1,438,730 - 575,491 - - 863,238 - 863,238 Jan-23 8,363,000 1469,250 5,160 1,286,873 - - 125,000 - 2,886,283 5,476,717 - 2.190,686 - - 3.286.030 - 3,286,030 2023-24 Jun-23 4,308,000 - - 2,578,825 209,930 - 125,000 - 2,913,755 1,394.245 - 557,698 - - 836,547 - 836,547 Jan-24 8,363000 1,197,000 5,160 1,314,802 15,000 - 125,000 - 2,656,962 5,705,038 - 2,282,415 - - 3.423,623 - 3,423.623 2024-25 Jun-24 4,308,000 - - 2,616,269 218,095 - 126,000 - 2,959,364 1,348,636 - 539,454 - - 809,182 - 809,182 Jan-25 8,363,000 1,168,600 5,160 1,343,289 - - 125,000 - 2,641,949 5,721,051 - 2,288,420 - - 3,432,631 - 3,432,631 2025-28 Jun-25 4,308 000 - - 2,020,528 226,668 - 126,000 - 2,372,196 1,935,804 - 774,321 - - 1,161,483 - 1,161,483 Jan-26 8,363,000 - - 1,372,346 - - 125.000 - 1,497,346 6,865,654 - 2,746,262 - - 4,119,392 - 4,119,392 2026-27 Jun-26 4,308,000 - - 752,479 235,670 - 125000 - 1,113,149 3,194,851 - 1,277,940 - - 1,916,911 - 1,916,911 Prepared by Keyser Marston Associates,Inc. 16 Filename:HB_CF 2013-01-09_Scenario2:CashFlowAlt:1/9/2013:GSH:Page 1 of 4 Table 1 Exhibit C-4(Continued) Cash Flow/RPTTF Funding Forecast Successor Agency to Huntin ton Beach Redevelopment Agency 1 2 3 4 5 6 7 a 9 10 11 12 13 14 15 19 17 Certificate of Completion Received Less City Loan Agenoy Less SERAF Less ROPS Repayment Semi Annud other Loan Unpaid Pass Expenditures Od Subtotal Overt 20092010 Items 4149 Less City GF Emerald Cove Land Subtotal Cver/ Transfer From Racal Year Paymanl Dale Property Tar Bond Debt Servine Bond Fees Repayments Other Coats Through, Admin Al.... 201 Wan 2012 Costs sublolal (Under) Repayment Repayment Loan Repayment OPA (Under) 80%Funds Annual Dislraulion Jan-27 8,363,000 - - 1,401904 15,000 - 125,000 - 1,541.984 6,821,016 - 2,728,406 - - 4,092,610 - 4092610 2027-28 Jun-27 4.308.000 - - 752.479 245,122 - 125,000 - 1,122601 3,185,399 - 1.274,159 - - 1,911,240 - 1,911,240 Jan-28 8,383,000 - - 1,432.215 - - 125,000 - 1,557,215 6,805,785 - 2,722,314 - - 4.083,471 - 4,083,471 2028-29 Jun-28 4,308,000 - - 762.479 256,046 - 125,000 - 1,132,525 3.175.475 - 1,270,190 - - 1,906,285 - 1,905,285 Jan-29 8,383,000 - - 1,463,060 - - 125,000 - 1,580,060 6,774,950 - 2,709,979 - - 4,064,970 - 4,064970 202930 Jun-29 4,308,000 - - - 752.479 265,467 - 125,000 - 1,142,946 3,166,064 - 1,266.022 - - 1,899,033 - 1,899033 Jan-30 8.363 000 - - 1,494.503 15,000 - 125,000 - 1,634,503 6,728,497 - 2,691,398 - - 4,037,099 - 4,037,099 203031 Jun-30 4,308,000 - - 752,479 276,408 - 125,000 - 1,153,887 3,164,113 - 1,261,645 - - 1,892,468 - 1,892,468 Jan-31 8.363,000 - - 1,526,584 - - 125.000 - 1,651,584 6,711.416 - 2.694 666 - - 4,026,850 - 4,028 850 203"2 Jun-31 4,308,000 - - 762,479 287,897 - 125.000 - 1,166,376 3,142,624 - 1,257,049 - - 1,885,575 - 1,885,575 Jan-32 8,363,000 - - 1,659,307 - - 125.000 - 1,684 307 6,678,693 - 2 671,477 - - 4.007,216 - 4,007 216 203233 Jun-32 4,308,000 - - 752,479 299,960 - 125,000 - 1,177,439 3,130,661 - 1,262,224 - - 1,878,337 - 1,8TS,337 Jan-33 8,363,000 - - 1,692,684 15,000 - 125,000 - 1,732,604 6,630,316 - 2,652,126 - - 3,976,190 - 3,BT8,190 203334 Jun-33 4,308000 - - 750,675 312,627 - 126,000 - 1,188,302 3,119698 - 1,247,879 - - 1,871,819 - 1,871,819 Jan-34 8,363,000 - - 532,514 - - 125,000 - 657,514 7,705,486 - - 3,082.194 - - 4,623,292 4,623,292 203435 Jun-34 4,308,000 - - - 325,926 - 125,000 - 450,926 3,867,074 - 1,542,829 - - 2.314,246 - 2,314,245 Jan-35 8,363,000 - - - - - - - - 8,363 000 - 3,346,200 - - 5,017,800 - 5,017 800 203"0 Jun-35 4,308,000 - - - 339,891 - 125.000 - 464,891 3,843,109 - 1,537,243 - - 2305,866 - 2,305.866 Jan-36 6,363,000 - - - 15,000 - 125,000 - 140,000 8,223,000 - 3,289,200 - - 4,933.800 - 4,933,800 203837 Jun-36 2,227,000 - - - 354,554 - 125,000 - 479,554 1,747,446 - 698,978 - - 1,048,468 - 1,048,468 Jan-37 4,323,000 - - - - - - - - 4,323,000 - 1,729,200 - - 2,593,800 - 2,593,800 203738 Jun-37 - - - - 369,950 - 125,000 - 494,950 (494,950) - - - - (494,950) - (494,950) Jan-38 _ _ _ _ - _ _ _ 0 _ _ _ 0 _ 0 Total Funds Needed 6,494,023 Prepared by Keyser Marston Associates,Inc. 17 Filename:HB_CF_2013-01-09_Scenario2:CashFlow Alt:1/9/2013:GSH:Page 2 of 4 Table 2 Exhibit C-4(Continued) Cash Flow/RPTTF Funding Forecast-Funds On Hand Successor Agency to Huntington Beach Redevelopment Agency 18 19 - 20 21 22 23 Funds On Hand-80%Tax Increment Revenues(Excluding Bond Proceeds) Payment Beginning Annual Interest Transferred Use for ROPS Transfer to Hscd Year Data Balance Earnings Proceeds Funding Taxing ENilies Ending Beare 0.525% as of 9/30/2012 6,494,023 - - - - 5.494 023 2012-13 Jan-13 6,494,023 (6,494,023) 0 Jun-13- - _ _ 0 0 _ 2013-14 Jan-14 - - - 0 0 - Jun-14 - - - 0 e - 2014-15 Jan-15 - - - 0 0 - Jun-15 - - - 0 0 - 2015-16 Jan-16 - - - 0 0 - Jun-16 - - - 0 0 - 2019-17 Jan-17 - - - 0 0 Jun-17 - - - 0 0 - 2017-18 Jan-18 - - 0 0 Jun-18 - - - 0 0 - 2018-19 Jan-19 - - - 0 0 ' Jun-19 - - - 0 0 - 2019-20 Jan-20 - - 0 0 - Jun-20 - - - 0 0 - 2020-21 Jan-21 _ _ - 0 0 - Jun-21 - - - 0 0 - 2021-22 Jan-22 - - - 0 0 Jun-22 - - - 0 0 - 2022-23 Jan-23 - - - 0 0 - Jun-23 _ _ _ 0 0 - 2023 24 Jan-24 - - - 0 0 - Jun-24 - - - 0 0 2024-25 Jan-25 _ _ - 0 0 - Jun-25 - - - 0 0 - 2025-26 Jan-26 - - - 0 Jun-26 - - - 0 0 - Prepared by Keyser Marston Associates,Inc. 18 Filename:HB_CF_2013-01-09_Scenario2:CashFlowAlt:1/9/2013:GSH:Page 3 of 4 Table 2 Exhibit C-4(Continued) Cash Flow/RPTTF Funding Forecast-Funds On Hand Successor Agency to Huntington Beach Redevelopment Agency 16 19 20 21 22 23 Funds On Hand-80%Tax Increment Revenues(Excluding Bond Proceeds) Payment Beginning Annual interest Transferred Use for ROPS Transfer to Race!Year Data Balance Earrings Proceeds Funding Taxing Engliies Ending Balance 0.525% 2026-27 Jan-27 - - - 0 0 - Jun-27 - - - 0 0 - 2027-28 Jan-28 - - - 0 0 - Jun-28 - - - 0 0 - 2028-29 Jan-29 - - - 0 0 Jun-29 - - - 0 0 - 2029-30 Jan-30 - - - 0 0 Jun-30 - - - 0 0 - 2030-31 Jan-31 - - - 0 0 Jun-31 - - - 0 0 - 203132 Jan-32 - - - 0 0 - Jun-32 - - - 0 0 - 2032-33 Jan-33 - - - 0 0 Jun-33 - - - 0 0 - 2033-34 Jan-34 - - - 0 0 Jun-34 - - - 0 0 - 203436 Jan-35 - - - 0 0 - Jun-35 - - - 0 0 - 2035-36 Jan-36 - - - 0 0 - Jun-36 - - - 0 0 - 2036-37 Jan-37 - - - 0 0 - Jun-37 - - - 0 0 - 2036-37 Jan-38 - - - 0 0 - Totals (6,494,023) 0 19 Prepared by Keyser Marston Associates,Inc. Filename:HB_CF_2013-01-09_Scenario2:CashFlow Alt:11912013:GSH:Page 4 of 4 Table 3 Cash Flow/RPTTF Funding Exhibit C-4(Continued) Forecast-Enforceable Obligations Based on ROPS 3 Successor Agency to Huntington Beach Redevelopment Agency 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 RDPS3 Line Item 3.00 4.00 12.00 13.00 2.00 5.00 6.00 7.00 8.00 9.00 10.00 11.00 ROPSt Enforceable Obligation Description Emerald Cove 2010 HUD Sec 108 ROPSI:2002 TAB Bar A Lease Rev Infrastructure Loan Hyatt Regency 2002 TAB Arbitrage 19g9 TAB Arbitrage 2002 TAB IRS 2002 TAB 1999 TAB AMBAC Master Refunding Bonds Hyatt Hilton Bank of DDA Robed Mayer Compliance Rebala Compliance Rebate Arbitrage Rebate 2002 TAB Fiscal 1999 TAB Fiscal Continuing Continuing Repurchase 2002 TAB 1999 TAB (Scenario 2) NY Mellon Bond Debt Service Corp Calculation Calculation Payment Agent Fee Agenl Fee Disclosure Disclosure Agreement Bond Fees Amount Outstanding par RDP83 $ 16,329,113 $ 7,472,947 $ 3,649,634 $ 3,025,000 $ 30,476,694 $ 5,433,057 $ 500 $ 500 $ 52B,754 $ 1,537 $ 848 $ 250 $ 1,525 - $ 6,966,971 Termination Date 8/12024 8/12024 9/12021 8/l2019 - 9/30/2023 11/1712013 11/17/2013 8/l2016 8/112024 8/112024 7/7/2012 7/7/2012 - - 2011-12 ROPS1 Jan-12 1 1.635,738 748,088 410,350 2.794,176 368,628 51 50D - 1,537 848 250 1.525 3,000 376,786 2012-13 ROPS2 Jun-12 1.315,369 599.044 404,564 370,175 2.689,152 367,896 1 500 - 1,537 250 1.625 - 371.708 ROPS3 Jan-13 1.640,938 743,289 404,932 427,512 3.216,671 1,043,146 51 500 528,754 1 1,537 1 848 1 2501 1.625 - 1,577.060 2013-14 Jun-13 - - - - - 734,938 - - - - - - - - 734,936 Jan-14 1,638,036 747,364 404,419 447,822 3,237.842 - 500 500 - 1,537 848 250 1,525 - 5,160 2014-15 Jun-14 - - - - - 734,936 - - - - - - - - 734,936 Jan-15 1,627,136 749.824 405,367 466,072 3,248,400 - 500 500 - 1,537 848 250 1,525 - 5,180 2015-16 Jun-15 - - - - - 734,936 - - - - - - - - 734,936 Jan-16 1,644,750 750,617 405.324 4B7,272 3,267,963 - 500 500 - 1,537 846 250 1,525 - 5,160 2018-11 Jun-16 - - - - - 734.936 - - - - - - - - 734,936 Jan-17 1,640,750 749,699 405,750 505,834 3,302,033 - EDO 500 - 1,537 848 250 1,525 - 6,160 2017-18 Jun-17 - - - - - 734,936 - - - - - - - - 734,936 Jan-18 1,639,000 752,155 405,265 522.448 3,318,866 - 500 500 - 1.537 848 250 1,525 - 5,160 2018-i9 Jun-16 - - - - - - - - - - - - - Jan-19 1.649,250 753.000 406.237 537,160 3.345.647 - 500 500 - 1.537 848 250 1.525 - 5,160 2019-20 Jun-19 - - - - - - - - - - - - Jan-20 1,01D,75D 461.750 406,166 - 1,878,666 - 500 500 - 1,537 848 250 1,525 - 5,160 2020-21 Jun-20 - - - - - - - - - - - - Jan-21 1,010,750 45B,500 406,175 - 1,875,425 - 5DO 500 - 1,537 846 250 1,525 - 5,160 2021-22 Jun-21 - - - - - - - - - - - - - - - Jan-22 1,003,750 464,500 - - 1.468,250 - 500 500 - 1,537 848 250 1,525 - 5,160 2022-23 Jun-22 - - - - - - - - - - - - - - Jan-23 1,005,000 464,250 - - 1.469,250 - 500 500 - 1,537 848 250 1,525 - 5,160 2023-24 Jun-23 - - - - - - - - - - - - - - Jan-24 819.000 378,000 - - 1,197,000 - 500 500 - 1,537 648 250 1,525 - 5,160 2024-25 Jun-24 - - - - - - - - - - - - " - - Jan-25 799,500 369.000 - - 1,166,500 - 500 500 - 1,537 848 250 1,525 - 6,160 2025-26 Jun-25 - - - - - - - - - - - " - Jan-28 - 2026-21 Jun-26 - - - - - - - - - - - - - - - Source:RDPS3,ROPS2 and ROPS1 20 Prepared by Keyser Marston Associates,Inc. Filename:HB_CF_2013-01-09_Scenario2:Expenses:1/9/2013:GSH:Page 1 of 16 Table 3 Cash Flowl RPTTF Funding Exhibit C-4(Continued) Forecast-Enforceable Obligations Based onROPS 3 Successor Agency to Huntington Beach Redevelopment Agency 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 ROPS3 Line Item 3.00 4.00 12.00 13.00 2.00 5.00 6.00 7.00 8.00 9.00 10.00 11.00 ROPS1 Enforceable Obligation Description Emerald Cove 2010 HUD Sac 108 ROPSi:2002 TAB Bar A Lease Rev Infrastructure Loan Hyatt Regency 2002 TAB Arbitrage 1999 TAB Arbitrage 2002 TAB IRS 2002 TAB 1999 TAB AMBAC Master Refunding Bonds Hyatt Hilton Bank of DDA Robert Mayer Compliance Rebate Compliance Rebate Arbitrage Rebate 2002 TAB Fiscal 1999 TAB Fiscal Continuing Continuing Repurchase 2002 TAB 1999 TAB (Scenario 2) NY Mellon Bond Debt Service Corp Calculation Calculation Payment Agent Fee Agent Fee Disclosure Disclosure Agreement Bond Fees Amount Outstanding per ROPS3 $ 16,329,113 $ 7,472,947 $ 3,649,634 $ 3,025,000 $ 30,476,694 $ 5,433,057 $ 500 $ 500 $ 528,754 $ 1,537 $ 848 $ 250 $ 1,525 - $ 5,966,971 Termination Dale 8/i/2024 8/112024 9/112021 8/l/2019 - 913012023 11A7013 11fi712013 B1112016 B/iM24 - 81112024 71112012 7/112012 - - Jan-27 - - - - - - 2027-28 Jun-27 - - - - - - - - - - - - - Jan-28 - 2029-29 Jun-28 - - - - - - - - - - - - Jan-29 - - - - - - - - - - 2029-30 Jun-29 - - - - - - - - - - - - - - Jan-30 - - - - - - - - - - - - 2030-31 Jun-30 - - - - - - - - - - - Jan-31 2031-32 Jun-31 - - - - - - - - - - - - - - Jan-32 2032-33 Jun-32 - - - - - - - - - - - - - - Jan-33 2033-34 Jun-33 - - - - - - - - - - - - - - - Jan-34 - - - - - - - - - - - - 2034-35 Jun-34 - - - - - - - - - - - - - - - Jan-35 2035-36 Jun-35 - - - - - - - - - - - - - - Jan-38 - - - - - - - - - - - - 2036-37 - Jun-38 - - - - - - - - - - - - - - - Jan-37 2037-38 Jun-37 - - - - - - - - - - - - - - - Jan-38 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ TOTALS 20,079,720 9,189,079 4,054,198 4,174,645 37,497,642 5,454,348 7,500 7,000 528,754 23,055 11,872 3,750 22,675 3,000 6,062,154 Source:ROPS3,ROPS2 and ROPS1 21 Prepared by Keyser Marston Associates,Inc. Filename:HB_CF_2013-01-09_Scenado2:Expenses:1/9/2013:GSH:Page 2 of 16 Table 3 Cash Flow/RPTTF Funding Exhibit CA(Continued) Forecast-Enforceable Obligations Based on ROPS 3 Successor Agency to Huntington Beach Redevelopment Agency 16 17 18 19 20 21 22 23 24 25 26 27 28 29 ROPS3 Una([am 1.00 14.00 15.00 16.00 21.00 29.00 30.00 32.00 ROPS1 19.00 20.00 ROPSS Land Sale Emerald Enforceable Obligation Description Cove OPA Loan Strand Hotel& Bella Terra Ph II Operative ROPS1:City Certificate of Repayment Mixed Use Parking - Pacific City OPA Abdelmudd OPA Bella Terra Parking Affordable Hag Agreement Operative Completion Disallowed Pending&infrastructure CIM Strand Additional Maker Properties& Rw[Differential Infrastructure PTax Agreement(BTDJM Huntington Beach Agreements Subtotal of Other SERAF Debt SERAF Debt City GF Loan Total Other Loan Cad of Completion Group&KBB Parking CIM Group KBB Agreement Sharing - &KBB) RP(Disallowed) (Varlous) Loan Repayments Obligation 2009 Obligation 2010 Repayments Repayments Amount Outstanding per ROPS3 $ 5,676,433 $ 13,344,723 $ 1,039,285 $ 5,520,000 $ 6,000 $ 13,947.382 $ 27,438,830 $ 283,211 - $ 67,155,664 $ 3,331,300 $ 703,413 $ 17,512,346 $ 88,702,922 Termination Date 101112030 9/30/2033 9/30/2033 FY 2030-31 12131/2017 9/30/2025 7/1/2036 10/1/2030 - FY 2014-15 FY 2016-16 - 2011-12 ROPS1 Jan-12 677,903 49,576 4,812 21,219 753,510 - - - 753,510 2012-13 ROPS2 Jun-12 1 665,4031 49,576 1 20,000 1 6,0001 1,277,600 1 7,200 - 2,045,779 - - - 2,045,779 ROPS3 Jan-13 702,903 1 49,576 1 20,0001 6,000 1 1,210,008 1 10,0001 1,998,487 1,998,487 2013-14 Jun-13 - 702,903 49,576 - 6,000 163,941 - - - 942,420 942,420 Jan-14 - - - - 6,000 1,490,008 - - - 1,496,008 1,526,505 - - 3,022,513 2014-15 Jun-14 - 702,903 49,576 - 6,000 1,520,724 884,301 - - 3,163,504 - - 3,163,504 Jan-15 - - - - 6,000 - - - - 6,000 1,841,468 443,750 - 2,291,218 2015-16 Jun-15 - 702,903 49,576 - 6,000 1,552,055 - - - 2,310,534 - 272,221 - 2,582,755 Jan-16 - - - - 6,000 - 1,106,119 - - 1,112,119 - - - 1,112,119 2016-17 Jua-16 - 702,903 4b,576 - 6,000 1,584,013 - - - 2,342,492 - - - 2,342,492 Jan-17 - - - - 6,000 - 1,130,433 - - 1,138,433 - - - 1,136,433 2017-18 Jun-17 - 702,903 49,576 - 6,000 1,816,61D - - - 2,375,O99 - - - 2,375,089 Jan-18 - - - - - - 1,155,233 - - 1,155,233 - - - 1,155,233 2015-19 Jun-18 - 702,903 49,576 - - 1,649.858 - - - 2,402,337 - - - 2,402,337 Jan-19 - - - - - - 1,180,528 - - 1,180,528 - - - 1,180,526 2019-20 Jun-19 - - 702,903 49,576 - - 1.683,772 - - - 2,438,251 - - - 2,436,251 Jan-20 - - - - - - 1.206,330 - - 1,206,330 - - - 1,206,330 2020-21 Jun-20 - 702,903 49,576 - - 1,718,384 - - - 2,470,843 - - - 2,470,843 Jan-21 - - - - - - 1,232.648 - - 1,232,846 - - 1,232,648 2021-22 Jun-21 - 702,903 49,576 - - 1,753,848 - - - 2,506,127 - - - 2,506,127 Jan-22 - - - - - - 1,259,492 - - 1,259,492 - - - 1,259,492 2022-23 Jua-22 - 702,903 49,676 - - 1,789,637 - - - 2.542,116 - - - 2,542,116 Jan-23 - - - - - - 1.286,873 - - 1,288,873 - - - 1,286,873 2023-24 Jun-23 - 702,903 49,676 - - 1,826,346 - - - 2,578,925 - - - 2,678,825 Jan-24 - - - - - - 1,314,802 - - 1,314,802 - - - 1,314,802 2024-25 Jun-24 - 702,903 49,576 - - 1,863,790 - - - 2,616,269 - - - 2,616,289 Jan-25 - - - - - - 1,343,289 - - 1,343,289 - - - 1,343,289 2025-26 Jun-25 - 702,903 49,576 - - 1,268,049 - - - 2,020,528 - - - 2,020,528 Jan-26 - - - - - - 1,372,346 - - 1,372,346 - - - 1,372,346 2026-27 Jun-26 - 702,903 49,576 - - - - - - 752,479 - - - 752,479 Source:ROPS3,ROPS2 and ROPS1 22 Prepared by Keyser Marston Associates,Inc. Fllename:HB_CF_2013-01-09_Scenado2:Expenses:1/912013:GSH:Page 3 of 16 _ Table 3 Cash Flow/RPTTF Funding Exhibit C-4(Continued) Forecast-Enforceable Obligations Based on ROPS 3 Successor Agency to Huntington Beach Redevelopment Agency 16 17 18 19 20 21 22 23 24 25 26 27 28 29 ROPS3 Line Ilam 1.00 14.00 15.00 16.00 21.00 29.00 30.00 32.00 ROPS1 19.00 20.00 ROPS5 Land Sale Emerald Enforceable Obligation Description Cove OPA Loan Strand Hotel& Bella Terra Ph 11 Operative ROPS1:City Certificate of Repayment Mixed Use Parking Paclfio City OPA Abdelmudl OPA Bella Terra Parking Affordable Heg Agreement Operative Completion Disallowed Pending &Infrastructure CIM Strand Additional Maker Properties& Rent Differential Inhastmctura PTax Agreement(BTDJM Huntington Beach Agreements Subtotal of Other SERAF Debt SERAF Debt City GF Loan Total Other Loan Cart of Completion Group&KBB Parking CIM Group KBB Agreement Sharing &KBB) RP(Disallowed) (Various) Low Repayments Obligation 2009 Obligation 2010 Repayments Repayments Amount Outstanding per ROPS3 $ 5,676.433 $ 13,344,723 $ 1,039,285 $ 5,520,000 $ 6,000 $ 13,847,3132 $ 27,438,B30 $ 283,211 - $ 67,155,854 $ 3,331,300 $ 703,413 $ 17512,346 $ 88,702,922 Temdnallon Dale 10/1/2030 9130I2033 9/30/2033 FY 2030-31 12/31/2017 9/30/2025 7/1I2036 10/1/2030 - - FY 2014-15 FY 2015-16 - - Jan-27 - - - - - - 1,401,984 - - 1,401,9a l - - - 1,401,984 2027-28 Jun-27 - 702,903 49,576 - - - - - - 762.479 - - - 762,479 Jan-28 - - - - - - 1.432,215 - - 1,432.216 - - - 1,432,215 2028-29 Jun-28 - 702,903 49,676 - - - - - - 752,479 - - - 752,479 Jan-29 - - - - - - 1,453,050 - - 1,463,050 - - - 1,463,050 2029-30 Jun-29 - 702,903 49,575 - - - - - - 752.479 - - - 762,479 Jan-30 - - - - - - 1,494,5D3 - - 1,494,503 - - - 1,494,603 2030-31 Jun-30 - 702,903 49.576 - - - - - - 752,479 - - - 752,479 Jan-31 - - - - - - - 1525,564 - - 1525,584 - - - 1,528,584 2031-32 Jun-31 - 702,903 49,576 - - - - - - 752,479 - - - 752.479 Jan-32 - - - - - - 1,559,307 - - 1,559,307 - - - 1.559,307 2032-33 Jun-32 - 702,903 49,676 - - - - - - 752,479 - - - 752,479 Jan-33 - - - - - - 1,592,584 - - 1,592684 - - - 1,592,684 2033-34 Jun-33 - 702,903 47,772 - - - - - - 750675 - - - 750,675 Jan-34 - - - - - - 532,514 - - 532,514 - - - 532,514 2034-35 Jun-34 - - - - - - - - - - - - - Jan-35 - - - - - - - - - - - - - - 2035-36 Jun-35 - - - - - - - - - - - - Jan-36 2036-37 Jun-38 - - - - - - - - - - - - - - Jan-37 - - - - - - - - - - - - - - 2037-38 Jun-37 - - - - - - - - - - - Jan-38 _ _ _ _ _ _ _ _ _ _ _ _ TOTALS - 18,827,172 1,188,020 40,000 70,612 23,988,423 26.492,435 21,219 - 57,628,081 3.367,973 715,971 71,712,025 Source:ROPS3,ROPS2 and ROPS1 23 Prepared by Keyser Marston Associates,Inc. Filename:HB_CF_2013-01-09_Scenado2:Expenses:119/2013:GSH:Page 4 of 16 Table 3 Cash Flow/RPTTF Funding Exhibit C-4(Continued) Forecast-Enforceable Obligations Based on ROPS 3 Successor Agency to Huntington Beach Redevelopment Agency 30 31 32 33 34 35 36 37 36 39 40 41 42 43 44 ROPS3 Una Item 17.00 18.00 22.00 23.00 24.00 25.00 26.00 27.00 28.00 31.00 33.00 34.00 35.00 36.00 37.00 Convenanl Affordable Hag Enforcement Enforceable Obilgation Descdption Pacific City Very Compliance Affordabie Hell Public Agency Obligation for Successor Agency Assessment AES Employee Employee Employee Employee Low Income Units Amerinagonal Jessica Latham Unfunded DalPERS Unfunded Suppl Retirement Systems Unfunded OPEB Unused Employee Compliance per PTaz ValuaOon Van Termination 1LeyoH Termination/Layoff Termination(Layoff Terminallon ILeycH Disallowed Disallowed Disallowed Pension(increased Retirement (PARS)Notes Llabllilles CalPERS General Leave HSC 33W T1b0a Plerslde Pavilion Horn Consulting Costs-Dissolution Costs-Dissolution Costa-Dissolution Costs-Dissolution (Scenario 1) (Scenado 3) (Scenario 3) 5%per FY) Liabilities US Bank Payable &CERBT Earned&Vested West OPA Disallowed of RDA of RDA of RDA of RDA Amount Outstanding par ROPS3 $ 6,500,000 $ 75,000 $ 30,000 $ 2,674,172 $ 618,160 $ 60,035 $ 252,593 $ 124,391 $ 30,000 $ 4,000 $ 5,000 $ 16,393 $ 24,483 $ 75,328 $ 9,728 Terminator Date FY 203031 712012013 2012013 NA NA 1011012014 NA NA 4130/2010 NA 3121/2012 913012011 913012011 12/23/2011 913012011 2011-12 ROPS1 Jan-12 - 75,000 01 0 1 0 1 1 0 - 10,000 5.000 - - - - 2012-13 ROPS2 Jun-12 37 500 15,000 36.782 9 408 19 985 2 880 - 29,875 4,000 2,500 - - - - ROPS3 Jan-13 8 500 000 95,476 28 952 19 965 8 222 11 460( 15 OOo( 4 000( - ( 16,3931 24,4B3 1 75,328 1 9,728 2013-14 Jun-13 - - - 100,250 26,952 19,965 6,222 11.460 - 4,000 - - - - - Jan-14 - - - - - 19,965 - - - - - - - - 2014-16 Jun-14 - - - 105,262 28,952 19,965 6,222 11,460 - 4,000 - - - - - Jan-15 - - - - - - - - 15,000 - - - - - - 2015-16 JunA5 - - - 110,525 28,952 - 6,222 11,480 - - - - - - Jan-16 - - - - - - - - - - - 2016-17 Jun-16 - - - 116,052 28,952 - 6,222 11,460 - - - - - - - Jan-17 - - - - - - - - - - - - - 2017-18 Jun-17 - - - 121,854 28,952 - 6,222 11,460 - - - - - - Jan-18 - - - - - - - - 15,000 - - - - - - 2016-19 Jun-18 - - - 127,947 28,952 - 6,222 11,460 - - - - - - - Jan-19 - - - - - - - - - - - - 2019-20 Jun-19 - - - 134,344 28,952 - 6,222 11,460 - - - - - - - Jan-20 - - - - - - - - - - - 2020-21 Jun-20 - - - 141,062 28,952 - 6,222 11,460 - - - - - - - Jan-21 - - - - - - - - 15,000 - - - - - - 2021-22 Jun-21 - - - 148,115 28,952 - 6,222 11,460 - - - - - - - Jan-22 _ _ _ _ _ _ _ _ 2022-23 Jun-22 - - - 155,520 28,952 - 6.222 11,460 - - - - - - Jan-23 _ _ _ _ _ .- _ _ 2023-24 Jun-23 - - - 163,296 28,952 - 6,222 11,460 - - - - - - Jan-24 - - - - - - - - 15,000 - - - - - - 2024-25 Jun-24 - - - 171,461 28,952 - 6,222 11,480 - - - - - - - Jan-25 _ _ _ - _ _ _ 2025-26 Jun-25 - - - 180,034 28,952 - 6,222 11,460 - - - - - Jan-26 - - _ - - - ' 2026-27 Jun-26 - - - 189,038 28.952 - 6,222 11,460 - - - - - - - Source:ROPS3,ROPS2 and ROPS1 24 Prepared by Keyser Marston Associates,Inc. Filename:HB_CF_2013-01-09_Scenario2:Expenses:1/9/2013:GSH:Page 5 of 16 Table 3 Cash Flow/RPTTF Funding Exhibit C-4(Continued) Forecast-Enforceable Obligations Based on ROPS 3 Successor Agency to Huntington Beach Redevelopment Agency 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 ROPS3 Line Item 17.00 18.00 22.00 23.00 24.00 25.00 26.00 27.00 28.00 31.00 33.00 34.00 35.00 36.00 37.00 Convenant Affordable Hsg Enforcement Enforceable 0bllgelion Description PaclOc Clly Vary Compliance Affordable Hall Public Agency Obligation for Successor Agency Assessment AES Employee Employee Employee Employee Low intone Units Amerinational Jessica Latham Unfunded CalPERS Unfunded Suppi Retirement Systems Unfunded OPEB Unused Employee Compliance per PTez Valuation Van Termination/Layoff Termination/Layoff Termination/Layoff Tertnlnation/Layoff Disallowed Disallowed Disallowed Pension(Incressed Retirement (PARS)Notes Liabilities CalPERS General Leave HSC 33433 Tiara Plerslde Pavilion Hon Consulting Costs-Desolullon Costs-Dissolution Costs-Dissolution Costs-Dissolution (Scenario 1) (Scenario 3) (Scenario 3) 5%per FY) Uabllllles US Bank Payable &CERBT Earned&Vested West - OPA Disallowed of RDA of RDA of RDA of RDA Amount Outstanding per ROPS3 6 6,500,000 $ 75,000 $ 30,000 $ 2,674.172 $ 618,160 $ 60,035 $ 252,593 $ 124.391 $ 30,000 $ 4.000 $ 5,000 $ 16,393 $ 24,483 f 75,328 $ 9,728 Termination Dole FY 203031 712012013 2/20/2013 NA NA 10/1012014 NA NA 4130010 NA 3/21/2012 913012011 9/3012011 12/23/2011 9/3012011 Jan-27. - - - - - - - - 15,000 - - - - - - 2027-26 Jun-27 - - - 198,488 28,952 - 6,222 11.460 - - - - - - Jan-28 - - - - - - - 2028-29 Jun-28 - - - 208,412 28,952 - 6,222 11,460 - - - - - - Jan-29 - - - - - - - - - - - - - 2029-30 Jun-28 - - - 218.833 28,952 - 8,222 11,460 - - - - - - Jan-30 - - - - - - - - 15,000 - - - - - - 2030-31 Jun-30 - - - 229.774 28,952 - 6,222 11,460 - - - - - - Jan-31 - - _ _ _ _ _ _ 2031-32 Jun-31 - - - 241,263 28,952 - 6,222 11,460 - - - - - - Jan-32 - _ - - - - - - - - 2032-33 Jun-32 - - - 253.326 26,952 - 6,222 11,460 - - - - - - - Jan-33 - - - - - - - - 15,000 - - - - - - 2033-34 Jun-33 - - - 285,993 28,952 - 6,222 11,460 - - - - - - - Jan-34 - - - - - - - - - - - - - 2634-35 Jun-34 - - - 279,292 28,952 - 6,222 11,460 - - - - - - Jan-35 - - - - - - 2o35-36 Jun-35 - - - 293,257 28,952 - 6,222 11,460 - - - - - - Jan-36 - - - - - - - - 15,000 - - - - - - 2036-37 Jun-36 - - - 307,920 28,952 - 6,222 11,460 - - - - - - - Jan-37 - _ _ _ 2037-38 Jun-37 - - - 323,316 28.952 - 6,222 11,460 - - - - - - Jan-38 _ _ _ _ _ _ _ _ _ TOTALS 6,500,000 112,500 15,000 4,916,870 762,160 99,825 164,852 297,960 174,675 18,000 7,500 16.393 24,483 75,328 9,728 Source:ROPS3,ROPS2 and ROPSt 25 Prepared by Keyser Marston Associates,Inc. Filename:HB_CF_2013-01-09_Scenario2:E)Venses:1/9/2013:GSH:Page 6 of 16 Table 3 Cash Flowl RPTTF Funding Exhibit C-4(Continued) Forecast-Enforceable Obligations Based on ROPS 3 Successor Agency to Huntington Beach Redevelopment Agency 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 ROPS3 Line Item ROPS4 38.00 39.00 40.00 ROPS1&2 ROPS1&2 ROPS1&2 ROPS2 ROPS2 ROPS1 ROPS1&2 ROPS1 ROPS1 ROPS1 Legal Expenses SA Econ Analysis Compliance Services SA ROPS1&ROPS2: ROPSi: ROPSi:Affordable Enforceable Obligation Description AH1X26 and Compliance Covenant ROPST Covenant Independent Hsg Compliance Unamplyment Litigation Expenses AS 1484 Kane AB1X26 and Monitoring ROPS1&ROPS2: ROPS1&ROP32: Enforcement for ROP32:SA Finandal Statement CRL 33413(b)(4) ROPS1:MOU Costa-Dissolution City of Palmdale Ballmer AB1484 KMA Obligations of Hsg Hsg Aulh Covenant Affordable Hsg Affordable Hsg- Compliance Nagaski ROPS1:SA ROP31&ROP62: &Audit Mwlas Gini and 3349(a)(2)&(3)Bargaining Unit Luis Sublolal of Olher of RDA elal v Malosanlos Disallowed Disallowed Auth Monitoring KMA Compliance KBB Grace Jones Esq &Assoc Compliance KMA Wildlife Care Center &O'Connell KBB Gomez Costs Amount Outstanding per ROPS3 - $ 13,993.$ 150,000 $ 200,000 - - - - - - - - - 1 - $ 10,863,276 Termination Dale - 71W2015 71W2015 6115/2013 - - - - - - - - - - - 2011-12 ROPS1 Jan-12 - - - - 1 229.8011 150.0001 150,000 1 40,236 1 3,0001 01 27,841 1 01 01 1,500 692,378 2012-13 ROPS2 Jun-12 - 153.202 75,000 75,000 13,0001 473,892 ROPS3 Jan-13 13,993 - - - 6,821,000 2013-14 Jun-13 11,700 - - - - - - - 20,000 - - - - - 202,549 Jan-14 - - - - - - - - 15,000 - - - - - 34,985 2014-15 Jun-14 - - - - - - - - - - - - - - 175,861 Jan-15 - - - - - - - - - - - - - 15,000 2015-16 Jun-15 - - - - - - - - - - - - - - 157,159 Jan-16 - - - - - - - - - - - - - - - 2018-17 Jun-16 - - - - - - - - - - - - - - 162,686 Jan-17 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 2017-18 Jun-17 - - - - - - - - - - - - - - 168,486 Jan-16 - - - - - - - - - - - - - 15,000 2018-19 Jun-16 - - - - - - - - - - - - - 174,661 Jan-19 - - - - - - - - - - - - 2019-20 Jun-19 - - - - - - - - - - - - - - 180,978 Jan-20 - 2020-21 Jun-20 - - - - - - - - - - - - 187,696 Jan-21 - - - - - - - - - - - - - 15,000 2021-22 Jun-21 - - - - - - - - - - - - - - 194,749 Jan-22 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 2022-23 Jun-22 - - - - - - - - - - - - - 202,154 Jan-23 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 2023-24 Jun-23 - _ _ _ _ - - - - - - - - - 209.930 Jan-24 - - - - - - - - - - - - - - - 15,000 2024-25 Jun-24 - - - - - - - - - - - - - - 218,095 Jan-25 2025-26 Jun-25 - - - - - - - - - - - - - - 226,668 Jan-26 2028-27 Jun-28 - - - - - - - - - - - - - - 235,670 Source:ROPS3,ROPS2 and ROPS1 26 Prepared by Keyser Marston Associates,Inc. Filename:HB_GF-2013-01-09_Scenado2:Expenses:1/g/2013:GSH:Page 7 of 16 Table 3 Cash Flow/RPTTF Funding Exhibit C-4(Continued) Forecast-Enforceable Obligations Based on ROPS 3 Successor Agency to Huntington Beach Redevelopment Agency 45 46 47 46 49 50 51 52 53 54 55 56 57 56 59 ROPS3 Line Item ROPS4 38.00 39.00 40.00 ROPS1&2 ROPS1&2 ROPS1&2 ROPS2 ROPS2 ROPS1 ROPS1&2 ROPS1 ROPS1 ROPS1 Legal Expenses SA Econ Analysis Compliance Services SA ROPS1&ROP82: ROP61: ROPS1:Affordable Enforceable Obligation Description AB1X26 and Compliance Covenant ROPS2:Covenant Independent Hsg Compliance Unemplymenl Litigation Expenses AB1484 Kane AB 1X26 and Monitoring ROPS1&ROPS2: ROPSI&ROPS2: Enforcement for ROP62:SA Financial Statement CRL 33413(b)(4) ROP81:MOU Costs-Dissolution City of Palmdale Ballmer A81484 KMA Obligations of Hsg Hsg Auth Covenant Affordable Hsg Affordable Hsg- Compliance Nagaskl ROPS I:SA ROPSI&ROPS2: &Audit Macias Gin[ and 3349(a)(2)&(3)Bargaining Unit Luis Subtotal of Other of RDA etal v Malosamos Disallowed Disallowed Aulh Monitoring KMA Compliance KBB Grace Jones Esq &Assoc Compliance KMA Wildlife Care Center &O'Connell KBB Gomez Costs Amount Outstanding per RDPS3 - $ 13.993 $ 150,000 $ 200,000 - - - - - - - - - - $ 10,863,276 Termination Date - 7/8/2015 7MI2015 61162013 - - - - - - - - - - - Jan-27 - - - - - - - - - - - - - - 15,000 2027-28 .Jun-27 - - - - - - - - - - - - - - 245,122 Jan-28 - _ - - - - - - - - - - - - 2026-29 Jun-28 - - - - - - - - - - - - - - 255,046 Jan-29 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 2029-30 Jun-29 - - - - - - - - - - - - - - 265,467 Jan-30 - - - - - - - - - - - - - - 15,000 2030-31 Jun-30 276.408 Jan-31 - - - - - - - - - - - - - - - 2031-32 Jun-31 - - . - - - - - - - - - - - - 287.897 Jan-32 - - - - - - - - - - - - - 2032-33 Jun-32 - - - - - - - - - - - - - - 299,960 Jan-33 - - - - - - - - - - - - - - 15,000 2033-34 Jun-33 - - - - - - - - - - - - - - 312,627 Jan-34 - - - - - - - - - - - _ _ _ _ 2034-35 Jun-34 - - - - - - - - - - - - - - 325,926 Jan-35 - 203536 Jun-35 - - - - - - - - - - - - - - 339,891 Jan-36 - - - - - - - - - - - - - - 15.000 2036-37 Jun-38 - - - - - - - - - - - - - - 354,554 Jan-37 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 2037-35 Jun-37 - - - - - - - - - - - - - - 369,950 Jan-38 _ - _ _ _ _ _ _ _ _ _ _ _ _ _ TOTALS 11,700 13,993 - - 383,003 226,000 225.000 40.236 51,000 - - 27,841 - - 1,500 Source:ROPS3,ROPS2 and ROPS1 27 Prepared by Keyser Marston Associates,Inc. Filename:HB-CF_2013-01-D9_Scenario2:Expenses:119/2013:GSH:Page 8 of 16 Table 3 Cash Flow/RPTTF Funding Exhibit C-4(Continued) Forecast-Enforceable Obligations Based on ROPS 3 Successor Agency to Huntington Beach Redevelopment Agency 60 61 62 63 64 65 66 67 68 69 70 71 72 RDPS3 Una Item 41.00 42.00 43.00 44.00 45.00 48.00 47.00 48.00 49.00 Pierside Hotel Huntington Center Development of Third Block West Second Block Alley Retail&Parking Enforceable Obligation Description Land Right of Way Main Pier RP Ph 11 Downtown Main Pier Relocation,Property&Street Imp Project Strand Project Stmcture Relocation Waterfront Comml Strand Project Acq Costs Land Acquisition Lend Acq Acq&Project Costs Property Acq Relocation Costs Costs Disallowed Master Site Plan Property Acq Costs Disallowed Pending Disallowed Pending Disallowed Pending Disallowed Pending Disallowed Pending Disallowed Pending Pending Cad of Olsalhved Pending Disallowed Pending Unpaid Pass Cad of Completion Con of Completion Cerl of Completion Cad of Completion Cert of Completion Cad of Completion Completion Cad of Completion Cad of Comptellon Other Costs Throughs Admin Allowance Costs Subtotal Amount Outstanding per ROPS3 $ 4,416,384 $ 5,160,543 $ 3,555,243 $ 14,971,453 $ 346,208 $ 87,601 $ 407,212 $ 16,950,908 $ 14,475,988 $ 71,233,716 $ - $ 357,464 $ 196,737,767 Termination Dale 10/l/2030 10/1/2030 10/l/2030 10/l/2030 10/1/2030 - 10/112030 10/1/2030 1011/2030 10/l/2030 - - - - 2011-12 ROPS1 Jan-12 - - - - - - - - - F473,892 2,653,000 250,000 7,519,850 2012-13 ROPS2 Jun-12 - - 5,580,531 ROPS3 Jan-13 _ - 304,106 13,917,324 2013-14 Jun-13 - - 125,000 2,004,905 Jan-14 - - - - - - - - - - 143,213 6,443,493 2014-15 Jun-14 - - - - - - - - - - 125,000 4,199,301 Jan-15 - - - - - - - - - - 125,000 5,684,778 2015-16 Jun-15 6,845 7,983 5,510 23,205 535 136 631 26,289 22,437 260,730 - 126,000 3,693,422 Jan-16 100,444 117,142 80,859 340,604 7,851 1,990 9,261 385,752 329,236 1,373.040 - 132,157 5,910,440 2016-17 Jun-16 21,680 25,284 17,452 73,494 1,695 430 1,999 83,260 71,062 459,040 - 126.000 3,661,468 Jan-17 99,287 116,793 79,928 336,683 7,761 1,967 9,166 381,309 326,444 1,357,226 - 133,309 6,934,160 2017-18 Jun-17 26,467 30,867 21,306 89,723 2,069 524 2,440 101,846 86,753 630,283 - 125,000 3,765,308 Jen-18 109,261 127,424 87,957 370,394 8,540 2,165 10,074 419,613 368,136 1,608,565 - 134,828 6,122,663 2018-19 Jun-18 46,997 64,810 37,633 169,319 3,674 931 4,333 160,490 154,046 617,014 - 125,000 3,344,351 Jan-19 108,144 126,121 87,057 366,606 8,453 2,143 9,971 416,321 354,473 1,478,290 - 136,940 6,145,565 2019-20 Jun-19 45,817 53,434 36,884 155,320 3,581 908 4,225 175,959 150,180 807,286 - 125,000 3,368,637 Jan-20 160,636 175,677 121,264 510,652 11,774 2,985 13,889 578,609 493,752 2059,138 - 125,000 5,274,294 2020-21 Jun-20 44,609 52,024 35,910 151,222 3,487 884 4,113 171,317 146,218 797,480 - 126,000 3,393,323 Jan-21 149,521 174,377 120,367 506,875 11,687 2,962 13,787 674,230 490,100 2,068,906 - 125,000 5,297,139 2021-22 Jun-21 43,370 50,579 34,913 147,023 3,390 859 3,999 166,659 142,167 787,598 - 125,000 3,418,725 Jan-22 161,090 187.868 129,679 546,090 12,592 3,192 14,853 618.857 528.018 2,202.038 - 125,000 5,059,840 2022-23 Jun-22 42,100 49098 33,891 142,718 3,291 834 3,882 161.683 137,995 777,846 - 125,000 3,444,762 Jan-23 180,259 186,900 129,011 643,275 12,527 3,175 14,777 615.467 525,296 2.190,686 - 126,000 5,076,970 2023-24 Jun-23 40,798 47,580 32,843 138,305 3,189 808 3,762 156,884 133,728 767.628 - 126,000 3,471,453 Jan-24 166,970 194,726 134,412 666,023 13,051 3,308 15,395 841,238 647,291 2,297,415 - 125,000 4,939,377 2024-26 Jun-24 39,464 46,024 31,769 133,781 3,085 782 3,639 151,666 129,363 767,649 - 125,000 3,498,816 Jan-25 167,409 195,238 134,768 567,612 13,088 3,317 15,436 642,925 648,731 2,288,420 - 125,000 4,930,369 2025-26 Jun-25 56,645 66,062 45,600 192,026 4,428 1,122 5,223 217,643 185,671 11000,989 - 126,000 3,146,517 Jan-26 200,902 234,299 181,729 681,064 15,704 3,980 18,524 771,555 658,515 2,746.262 - 125,000 4,243,608 2026-27 Jun-26 93,467 109,028 75,258 316.920 7,307 1,852 8,820 359,034 306,432 1,513,810 - 125,000 2,391,089 Source:ROPS3,ROPS2 and ROPS1 28 Prepared by Keyser Marston Associates,Inc. Filename:HB_CF_2013-01-09_Scenario2:Expenses:1/9/2013:GSH:Page 9 of 16 Table 3 Cash Flow/RPTTF Funding Exhibit C-4(Continued) Forecast-Enforceable Obligations Based on ROPS 3 Successor Agency to Huntington Beach Redevelopment Agency 60 61 62 63 64 65 66 67 68 69 70 71 72 ROPS3 Line item 41.00 42.00 43.00 44.00 45.00 45.00 47.00 48.00 49.00 Plerslde Hotel Huntington Center Development of Third Block West Second Block Alley Retail&Parking . Enforceable Obligation Description Land Right of Way Main Pier RP Ph fl Downtown Main Pier Relocation,Property&Street Imp Project Strand Project Structure Relocation Waterfront Comml Strand Project Acq Costs Land Acquisition Land Acq Acq&Project Costa Property Acq Relocation Costs Costs Disallowed Master Site Plan Property Acq Costs Disallowed Pending Disallowed Pending Disallowed Pending Disallowed Pending Disallowed Pending Disallowed Pending Pending Cad of Disallwed Pending Disallowed Pending Unpaid Pass Cad of Completion Cart of Completion Cart of Completion Cart of Completion Cart of Completion Cad of Completion Completion Cad of Completion Cart of Completion Dther Costs Throughs Admin Allowance Costs Subtotal Amount Outstanding per ROPS3 $ 4,416,384 $ 5,150,543 $ 3,555,243 $ 14,971,453 $ 345,208 $ B7,501 9 407,212 9 16,960,908 9 14,476,988 9 71,233,716 $ - $ 357.464 $ 196,737.707 Termination Date 1011/2030 1011/2030 1011/2030 1011/2030 101112030 1011030 10/112030 10/112030 10/112030 - - - - Jan-27 199,596 232,776 160,677 676,626 15,601 3,955 18,404 766,538 654,234 2,743,406 - 125,000 4,270,390 2027-28 Jun-27 93,211 108,706 75,036 315,983 7,286 1,647 8,594 357,971 305,528 1,519,281 - 125,000 2,396,760 Jan-28 199,150 232,256 160,318 675,115 15,567 3,946 18,363 764,826 652,773 2,722,314 - 125,000 4,279,529 2028-29 Jun-28 92,920 106,367 74,602 314,998 7,263 1,841 8,568 356,856 304,574 1,525,236 - 125,000 2,402,715 Jan-29 198,248 231,204 159,592 672,056 15,496 3,928 18,279 761,361 649.815 2,709,979 - 125,000 4,298,030 2029-30 Jun-29 92,615 108,011 74,557 313,965 7,239 1,835 8,540 355,685 303,574 1,531,488 - 125,000 2,408,967 Jan-30 196,869 229,618 158,498 667,448 15,390 3,901 18,154 766,141 645,360 2,706,398 - 126,000 4,325,901 2030-31 Jun-30 92,295 107,638 74,299 312,879 7,214 1,829 8,510 354,456 302,525 1,638,053 - 125,000 2,415,532 Jan-31 196,389 229,036 158,095 665,754 15,351 3,891 18,108 754,221 643,722 2,684,566 - 125,000 4,336,150 2031-32 Jun-31 91,959 107,246 74,028 311,739 7,188 1,822 8,479 353,164 301,423 1,544,946 - 125,000 2,422,425 - Jan-32 195,431 227,919 157,325 662,5DB 15,276 3,872 16020 760,544 640,583 2,671,477 - 126,000 4,355,784 2032-33 Jun-32 91,606 106,834 73,744 310,543 7,150 1,815 8,447 351,B09 300,26E 1,552,184 - 125,000 2,429,663 Jan-33 194,016 226,268 155,185 657,709 15,165 3,644 17,889 746,107 635,943 2,667,126 - 125,000 4,384,810 2033-34 Jun-33 91,288 106,464 73,488 309,465 7,136 1,809 8,417 350,588 299,224 1,560,506 - 125,000 2,436,181 Jan-34 225,477 282,959 181,512 764,363 17,624 4,467 20,790 865,934 739,067 3,082,194 - 126,000 3,739,708 2034-36 Jun-34 112,865 131,627 90,858 382,611 8,822 2,236 10,407 433,453 359,949 1,868,755 - 125,000 1,993,755 Jan-35 244.717 286,398 197,000 829,587 19,128 4,849 22,564 939,825 802,132 3,345,200 - - 3,345,200 2036-36 Jun-35 112,467 131,151 90,529 381,226 8,790 2,228 10,369 431,864 366,509 1,877,134 - 125,000 2,002,134 Jan-36 240,621 280,620 193,703 815,699 1B,BDB 4,767 22,186 924,092 788,704 3,304,200 - 125,000 3,429,200 2036-37 - Jun-36 51,134 59,634 41,163 173,342 3,997 1,013 4,715 198,376 167,605 1,053,532 - 125,000 1,178,532 Jan-37 126,499 147,528 101,833 428,830 9,888 2,506 11,664 486,814 414,638 1,729,200 - - 1,729,200 2037-39 Jun-37 - - - - - - - - - 369,950 - 125,000 494,950 Jarr36 - - - _ - _ _ _ - - - - TOTALS 5,221,586 6,089,597 4,203,440 17,701,069 408.146 103,464 481,455 20.063,244 17,116,270 85,549,608 2,653,000 6,483,553 209,857,982 Source:ROPS3,ROPS2 and ROPS1 29 Prepared by Keyser Marston Associates,Inc. Filename:HB_CF_2013-01-09_Scenado2:Expenses:1/9/2013:GSH:Page 10 of 16 Table 3 Cash Flow/RPTTF Funding Exhibit C-4(Continued) Forecast-Enforceable Obligations Based on ROPS 3 Successor Agency to Huntington Beach Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Redevelopment Agency 1 2 3 4 5 6 7 8 9 10 11 12 13 14 ROPS3 Line Item WATERFALL SUBTOTALl Enforceable Obligation Description Semi Annual SubT of Other SubT of Other Avallabla Above WATERFALL Property Tax Loan Repayments Costs without FY 2012-13 Beg Balance End Balance SUBTOTAL 2 Starting Bond Debt without SERAF ROPS3 Line Item Taxing Entity SERAF Debt Less SERAF SERAF Debt Available After w ROPS 5 Service Bond Fees and City GF Loans Obligalions 41-49 Admin Allowance Over/(Under) Distribution at Obligation 2009 Add Interest Subtotal 2009 Repayment Obligation 2009 2009 SERAF Amount Outstanding par ROPS3 60% 0.53% 100.00% Termination Dale of Avallable 2011-12 ROPS1 Jan-12 2012-13 ROPS2 Jun-12 ROPS3 Jan-13 2013-14 Jun-13 Jan-14 7,970,000 3,237,642 5,160 1,498,008 34,965 143,213 3,053,012 1,528,505 3-331-.30-01 17,489 3,346,789 (1,526,505) 1,622,264 - 2014-15 Jun-14 4,106,000 - 734,936 3,163,504 175,861 125,000 (93,301) - 1,822,264 9,567 1,631,651 - 1,831,851 - Jan-15 7,970,000 3,248,400 5,160 6,000 15,000 125,000 4,570,440 2,285,219 1,831,851 9,617 1,641,468 (1,841,468) - 443,750 2015-16 Jun-15 4.106,000 - 734,936 2,310,534 157,159 125,000 778.371 389,185 - - - - - 389,185 Jan-18 7,970,000 3,267,983 5,160 1.112,119 - 132,157 3,432,600 1,716,300 - - - - - 1,716,300 2016-17 Jun-16 4,106,000 - 734,936 2,342,492 182,888 125,000 740,886 370,443 - - - - - 370,443 Jan-17 7,970,000 3,302,033 5,160 1,136,433 - 133,309 3,393,066 1,698,532 - - - - - 1,696,532 2017-18 Jun-17 4.308.000 - 734,936 2,375,089 168,488 125,000 904,487 452,243 - - - - - 452,243 Jan-18 8,363,000 3,318,668 5,160 1,155,233 15,000 134,826 3,733.912 1,666,958 - - - - - 1,866,956 2018-19 Jun-18 4,308,000 - - 2,402,337 174.581 125,000 1,606,082 803,041 - - - - - 603,041 Jan-19 8,363,000 3,345,647 5,160 1,160,528 - 135,940 3,695,725 1,047,662 - - - - - 1,847,882 2019-20 Jun-19 4,308,000 - - 2,436,251 160,978 125,000 1,565,771 782,885 _ _ _ _ _ 782,865 Jan-20 8,383,000 1,678,668 5,180 1,206,330 - 125000 5,147,044 2,573,922 - - - - - 2,573,922 2020-21 Jun-20 4308,000 - - -2.470,643 187,696 125,000 1,524,461 762,230 - - - - - 782,230 Jan-21 6,363,000 1,875,425 5,160 1,232,648 15,000 125,000 5,109,767 2,554,883 - - - - - 2,554,663 2021-22 Jun-21 4,308,000 - - 2,506,127 194,749 125,000 1,482,124 741,062 - - - - - 741,062 Jan-22 0,363,000 1,408,250 5,160 1,250,492 - 125,000 5,505,098 2,752,548 - - - - - 2,762,548 2022-23 Jun-22 4,308,000 - - 2,542,116 202,154 125,000 1,438,730 719,364 - - - - - 719,384 Jan-23 8,363,000 1,469,250 5,160 1,286,873 - 125,000 5,476,717 2,738,358 - - - - - 2,738,358 2023-24 Jun-23 4,308,000 - - 2,576,625 209,930 125,000 1,394,245 697,122 - _ - - - - 697,122 Jan-24 8,383,000 1,197,000, 5,160 1,314,602 15,000 125,000 5,706,038 2,653,019 - - - - - 2,853,019 2024-25 Jun-24 4,306,000 - - 2,616,269 216,095 125.000 1,348.838 874,317 - - - - - 874,317 Jan-25 8,363,000 1.168,500 5,160 1,343,289 - 125,000 5,721,051 2,860,525 - - - - - 2,880,525 2025-26 Jun-25 4,30B4O00 - - 2,020,526 226,668 125.000 1,935,604 967,901 - - - - - 967,901 Jan-26 8,363,000 - - 1,372,346 - 125,000 6.665,654 3,432,827 - - - - - 3,432,827 2026-27 Jun-26 4,308,000 - - 762,479 235,670 125,000 3,194,851 1,597,425 - - - - - 1,597,425 Source:ROPS3,ROPS2 and ROPS1 Prepared by Keyser Marston Associates,Inc. 30 Filename:HB_CF_2013-01-09_Scenado2:Expenses:1/9/2013:GSH:Page 11 of 16 Table 3 Exhibit C-4(Continued) Cash Flow/RPTTF Funding Forecast-Enforceable Obligations Based on ROPS 3 Successor Agency to Huntington Beach Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Redevelopment Agency 1 2 3 4 5 6 7 B 9 10 11 12 13 14 ROPS3 Line Item WATERFALL SUBTOTALI Enforceable Obligation Description Sent Annual SubT of Other SubT of Other Available Above WATERFALL Property Tax Loan Repayments Costs without FY 2012-13 Beg Balance End Balance SUBTOTAL 2 Starting Bond Debl withoul SERAF ROPS3 Line Item Taxing Entity SERAF Debt Less SERAF SERAF Debt Available After w ROPS 5 Service Bond Fees and Clty GF Loans Obilgallons 4149 Admin Allowance Over/(Under) Distribution at Obligation 2009 Add Interest Subtotal 2009 Repayment Obligation 2009 2009 SERAF Amount Outstanding per ROPS3 50% 0.53% 100.00% of Available Termination Oate Jan-27 8,383,000 - - 1,401,984 15,000 125,000 6,821,016 3,410,607 - - - - - 3,41D,507 2027-28 Jun-27 4,308,000 - - 752,479 245.122 125,000 3,165,399 1,592,699 - - - - - 1.592,699 Jan-28 8,363.000 - - 1,432.215 - 125.000 6,805,785 3.402,892 - - - - - 3,402.892 2028-29 Jun-28 4,308,000 - - 752,479 255,048 125,000 3,175,475 1,587,737 - - - - - 1,587,737 Jan-29 8,363,000 - - 1,463,050 - 125,000 6,774,950 3,387,474 - - - - - 1,582,527 2029-30 Jun-29 4,308,000 - - 752,479 265,467 125.000 3,165,054 1,582,527 3 - - - - - , 8 , Jan-30 8,363.000 - - 1,494,5D3 15,D00 125.DDD 6.728,497 3,364,248 - - - - ,384,248 48 2030-31 Jun-30 4,308,000 - - 752,479 276,08 125,000 3,154,113 1,577,058 - - - - - 1,577,D56 Jan-31 6,353,000 - - 1,526.684 - 125,000 6,711,415 3,355.708 - - - - - 3,355,708 2031-32 Jun-31 4,308,000 - - 752.479 287,897 125,000 3,142,624 1,571,311 - - - - - 1,571,311 Jan-32 6.363 000 - - 1,559,307 - 125,000 5,678,693 3,339,346 - - - - 3,339.30 2032-33 Jun-32 4,308.000 - - 752,479 299.960 125,000 3,130.561 1.565,280 - - - - - 1,565,280 Jan-33 8,363.000 - - 1,592,684 15,000 125,000 6,630,315 3.315,157 - - - - 3,315,157 2033-34 Jun-33 4,306,000 - - 750,675 312,627 125,000 3,119,698 1.559,849 - - - - - 1,559,849 Jan-34 8,363,000 - - 532,514 - 125.000 7.705,486 3,852,743 - - - - 3,852,743 2034-35 Jun-34 4,308,000 - - - 325,926 125.000 3,657.074 1,928,536 - - - - - 1,926,536 8,363,000 - - - - 8,363,000 4,161.500 - - - - - 4,181.500 Jan-35 2035-36 Jun-35 8,363,000 - - - 339.891 126,000 3,843,109 1,921.554 - - - - - 1.921,564 Jan-38 8,363,000 - - - 15.000 125,000 8,223,000 4,111,600 - - - - - 4.111,500 2036-37 Jun-36 2,227,000 - - - 364,554 125.000 1,747,448 873,723 - - - - - 873,723 Jar}37 4,323,000 - - - - - 4,323,000 2.181,500 2,161,500 - - - - - 2037-38 Jun-37 - - - - 359,950 125,000 (494,950) - - - - Jan-38 ._ _ _ _ _ _ 0 TOTALS Source:ROPS3,ROPS2 and ROPS1 31 Prepared by Keyser Marston Associates,Inc. Filename:HB_CF_2013-01-09_Scenario2:Expenses:1/g/2013:GSH:Page 12 of 16 Table 3 Cash Flow/RPTTF Funding Exhibit C-4(Continued) Forecast-Enforceable Obligations Based on ROPS 3 Successor Agency to Huntington Beach Waterfall -Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Redevelopment Agency 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 ROPS3 Line Item 41.00 42.00 43.00 44.00 45.00 46.00 Enforceable Obligation Description WATERFALL Third Block Wes[ Second Block Beg Balance End Balance SUBTOTAL 3 Beg Balance Huntington Center Development of Relocation, Alley&Street Imp SERAF Deb[ Less SERAF SERAF Debt Available for Non Obligation Less Line Items Land Right of Way Main Pier RP Ph Downtown Main Property Acq& Project Property Strand Projecl Obligation 2010 Add Interest Subtotal 2010 Repayment Obligation 2010 at Items 4149 Add Interest Subtotal 4149 Repayment Acq Costs 11 Lend Acquisition Pler Land Acq Project Costs Acq Relocation Costs Amount Outstanding per ROPS3 0.531h 100.00% 80.00% 1.91% 100.00% 7.3% 8.5% 5.9% 24.8% 0.6% - 0.1% Termination Date of Available of Available 296,498 345,786 238,684 1,005,122 23,176 5,874 2011-f2 ROPSt Jan-12 2012-13 ROPS2 Jun-12 ROPS3 Jan-13 2013-14 Jun-13 Jan-14 F---70-34-131 3,693 707,106 - 707,105 - 60,370,440 1,150,057 61,520,497 - - - - 2014-15 Jun-14 707,105 3,712 710,818 - 710,81B - 61,620,497 1,171,965 62,692,462 - - - Jan-15 710,818 3,732 714,550 (443,750) 270,800 - 62,692,452 1,194,291 63,886,754 - - - - - - 2915-16 Jun-15 270,800 1,422 272,221 (272,221) - 93,571 63,886,754 1,217,043 65,103,796 (93,571) (6,845) (7,983) (6,510) (23,205) (535) (136) Jarr-16 - - - - - 1,373,040 65,010,225 1,238,445 66,248,670 (1,373.040) (100.444) (117,142) (80,859) (340,504) (7,851) (1,990) 2016-17 Jun-16 - - - - - 296,354 84,875,630 1,235,881 66,111,511 (296,354) (21,680) (25,264) (17,452) (73,494) (1,695) (430) Jan-17 - - - - - 1.357,226 65,815,157 1,253,779 67,0613,935 (1,357,226) (99,287) (115,793) (79.928) (336,683) (7,761) (1,967) 2017-18 Jun-17 - - - - - 361,794 65,711,710 1,251,608 66,983,510 (381,794) (26,467) (30,867) (21,306) (89,723) (2,069) (524) Jan-18 - - - - - 1,493,565 66,601,723 1,288,753 67,870,486 (1,493,565) (109,261) (127,424) (87,957) (370,394) (8,540) (2,165) 2018-19 Jun-18 - - - - - 642,433 56,376,921 1,264,480 67,641,402 (642,433) (46,997) (54,810) (37,833) (159,319) (3,674) (931) Jarr-19 - - - - - 1,478,290 86,998,969 1,275,330 68,275,299 (1,47B,290) (108,144) (126,121) (87,057) (366,606) (6,453) (2,143) 2019-20 Jurr-19 - - - - - 626,300 66,797,010 1,272,463 68,069,493 (528,308) (45,817) (63,434) (36,884) (155.320) (3,5B1) (900) Jan-20 - - - - - 2,059,138 67,443,185 1,284,793 68,727,977 (2,059,138) (150,636) (175,677) (121,284) (510,652) (11,774) (2,985) 2020-21 Jun-20 - - - - - 609,784 66,668,840 1,270,041 67,938,881 (609,784) (44,609) (52,024) (35,910) (151,222) (3,467) (864) Jan-21 - - - - - 2,043,906 67,329,097 1,282,619 68,611,716 (2,043,906) (149,521) (174,377)- (120,367) (506,875) (11,887) (2,962) 2021-22 Jurv21 - - - - - 592,850 66,567,810 1,268,117 67 835,927 (592,850) (43,370) (50,579) (34,913) (147,023) (3,390) (859) Jan-22 - - - - - 2,202 038 87,243,077 1,280,981 68,524,058 (2,202,038) (161,090) (187,868) (129,679) (546,090) (12,592) (3,192) 2022-23 Jun-22 - - - - - 575,491 66,322,019 1,263,434 67,586,454 (575,491) (42,100) (49,096) (33,891) (142,718) (3,291) (834) Jan-23 - - - - - 2,190,686 67,009,963 1,276,540 68,286,603 (2,190,686) (160,259) (186,900) (129,011) (543,276) (12,527) (3,176) 2023-24 Jun-23 - - - - - 667,698 68,095,816 1,259,125 67,354,941 (557,698) (40,798) (47,680) (32,843) (138,305) (3,189) (808) Jan-24 - - - - - 2,282.415 65,797,244 1,272,487 68,069,731 (2,282,415) (166,970) (194,726) (134,412) (566,023) (13,061) (3,308) 2024-25 Jun-24 - - - - - 539,454 65,787,316 1.253.248 67,040,565 (639,454) (39,454) (45,024) (31,769) (133,781) (3,085) (762) Jan-25 - - - - - 2,288,420 66,501,111 1,266,646 67,787,967 (2,26B,420) (167,409) (196,238) (134,766) (687,512) (13,086) (3,317) 2025-26 Jun-25 - - - - - 774,321 65,479,637 1,247,385 66,726,922 (774,321) (56,645) (66,062) (45,600) (192,026) (4,428) (1,122) Jan-28 - - - - - 2,746,262 65,952,601 1,256,397 67,208,999 (2,746,262) (200.902) (234,299) (161,729) (681,054) (15,704) (3,980) 2026-27 Jun-28 - - - - - 1,277,940 64,482,737 1,226,015 65,690,752 (1,277,940) (93,487) (109,028) (75,258) (316,920) (7,307) (1,852) Source:ROPS3,ROPS2 and ROPS1 32 Prepared by Keyser Marston Associates,Inc. Filename:HB_CF_2013-01-09_Scenario2:Expenses:1/9/2013:GSH:Page 13 of 16 Table 5 Exhibit C-4(Continued) Cash Flow/RPTTF Funding Forecast-Enforceable Obligations Based on ROPS 3 Successor Agency to Huntington Beach Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Redevelopment Agency 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 ROPS3 Una Ilem 41.00 42.00 43.00 44.00 45.00 46.00 Enforceable Obligation Descriplion WATERFALL Third Block West Second Block Beg Balance End Balance SUBTOTAL 3 Beg Balance Huntington Center Development of Relooallon, Alley&Street Imp SERAF Debt Less SERAF SERAF Debt Available for Non Obligation Less Line items Land Rlghl of Way Maln Pler RP Ph Downtown Maln Property Aoq& Project Property Strand Project Dbilgalion 2010 Add Interest Subtotal 2010 Repayment Obligation 2010 at Items 41-49 Add Interest Subtotal 41-49 Repayment Acq Costs it Land Acquisition Pler Land Acq Project Costs Acq Relocation Costs Amount Outstanding per ROPS3 0.53% 100.00% 80.00% 1.91% 100.00% 7.3% 8.5% 5.9% 24.8% 0.6% 0.1% Terminellon Dale of Available of Available 296,498 345,786 238,664 1,005,122 23,176 5.874 Jan-27 - - - - - 2,728,408 64,412,812 1.227,064 66,639,876 (2,728.406) (199,696) (232.776) (160,677) (676,626) (15,601) (3,955) 2027-28 Jun-27 - - - - - 1,274,169 62,911,471 1,198,464 64,109,934 (1,274,169) (93,211) (108,706) (76,036) (316,983) (7,286) (1,847) Jan-28 - - - - - 2,722,314 62,835,775 1,197.022 64 032,796 (2,722,314) (199,150) (232,256) (160,318) (676,115) (16,567) (3,946) 2028-29 Jun-26 - - - - - 1,270,190 61.310,483 1,167,965 62,478.447 (1,270,190) (92,920) (108,367) (74,802) (314,998) (7,263) (1,841) Jan-29 - - - - - 2,709,979 61,208,258 1,186,017 62,374,275 (2,709,979) (190,248) (231,204) (159,592) (672,056) (15,496) (3,926) 2029-30 Jun-29 - - - - - 1,266,022 59,684,296 1,138,605 60,800,901 (1,266,022) (92,615) (108.011) (74,557) (313,955) (7,239) (1,835) Jan-30 - - - - - 2,691,398 59,534,879 1,134,139 60,669,019 (2,691,398) (196,889) (229,618) (168,498) (867,448) (15,390) (3,901) 2030-31 Jun-30 - - - - - 1,261,646 57.977 620 1,104,474 59.062,094 (1,261,645) (92,295) (107,638) (74.299) (312,879) (7,214) (1,029) Jan-31 - - - - - 2,664,566 57,020,449 1.101,460 58,921,929 (2,684,566) (198,369) (229,036) (158,095) (665,754) (15,351) (3,891) 2031-32 Jun-31 - - - - - 1.257,049 58,237.362 1,071,322 57,308,664 (1,257,049) (91,959) (107,246) (74,028) (311,739) (7,188) (1,822) Jan-32 - - - - - 2,671,477 56,051,635 1,067,784 57,119,419 (2,871,477) (195,431) (227,919) (157,325) (862,506) (15,276) (3,872) 2032-33 Jun-32 - - - - - 1,252,224 54,447,942 1.037,233 55,485,175 (1,252,224) (91,808) (108,834) (73,744) (310,543) (7,160) (1,815) Jan-33 - - - - - 2,862.126 54,232,951 1.033,136 55,286,009 (2,652,126) (194,016) (226,266) (158.185) (657,709) (15,165) (3,644) 2033-34 Jun-33 - - - - - 1,247,879 52,613,963 1,002,296 53,618,259 (1,247.879) (91,288) (108,464) (73.466) (309,465) (7,136) (1,809) Jan-34 - - - - - 3,082,194 52,368.300 997,618 53,365,998 (3,082.194) (225.477) (262,959) (161,512) (764,363) (17,824) (4,467) 2034-36 Jun-34 - - - - - 1,542,829 50,263,804 957,908 51,241,710 (1,542,829) (112,865) (131,627) (90,058) (382,611) (6,822) (2,236) Jan-35 - - - - - 3,345.200 49,696.881 946,764 50,645,645 (3,345.200) (244,717) (285,396) (197,000) (829,587) (19,128) (4,849) 2035-36 Jun-35 - - - - - 1,537,243 47,300,445 901,073 48,201,518 (1,537,243) (112,457) (131,151) (90,529) (381,226) (8,790) (2,226) Jan-38 - - - - - 3,289,200 46,664,275 888.954 47,553,230 (3,289,200) (240,621) (280,620) (193,703) (815,699) (18,808) (4,767) 2036-37 Jun-36 - - - - - 698.978 44,264,030 843,230 45,107,259 (698,978) (51,134) (59,634) (41,163) (173,342) (3,997) (1,013) Jam37 - - - - 1,729,200 44,408,281 845,978 45,254,259 (1,728,200) (126,499) (147,526) (101.833) (428,830) (9,888) (2,508) 2037-38 Jun-37 - - - - - - 43,525,059 829,152 44,354,211 - - - - - - Jan-38 - - - - - - 44,354,211 844,948 45,199,159 - - TOTALS Source:ROPS3,ROPS2 and ROPS1 33 Prepared by Keyser Marston Associates,Inc. Filename:HB_CF_2013-01-09_Scenarlo2:Expenses:1/9/2013:GSH:Page 14 of 16 Table 3 Cash Flow/RPTTF Funding Exhibit C-4(Continued) Forecast-Enforceable Obligations Based on ROPS 3 Successor Agency to Huntington Beach Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Redevelopment Agency 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 ROPS3 Line Item 47.00 48.00 49.00 WATERFALL Enforceable Obligation Description Pierside Hotel SUBTOTAL 4 WATERFALL Beg Balance Less End Balance WATERFALL Retail&Parking Strand Project End Balance Available to Beg Balance End Balance SUBTOTALS Emerald Cove Emerald Cove Emerald Cove SUBTOTAL a Structure Waterfront Comml Property Aoq Obligation Repay City GF City GF Loan Less City GF City GF Loan Remaining City Loan City Loan City Loan Remaining Relocation Costs Master Site Plan Coals Items 41-49 Loans Repayment Add Interest Subtotal Repayment Repayment Available Repayment Add Interest Subtotal Repayment Repayment Available Amount Outstanding per ROPS3 0.7% 28.1% 24.0% 0.53% 100.00% 0.53% 100.00% Termination Dale 27,339 1,138,686 971,859 of Available of Available 2011-12 ROPS1 Jan-12 2012-13 ROPS2 Jun-12 'City staff to add accrued interest to ROPS5 period ROPS3 Jen-13 2013-14 Jun-13 Jan-14 - - - 61,520,497 - 17,512,346 91,940 17.604,286 - 17,604,288 - 5,878,433 29,801 5,708,234 - 5,708,234 - 2014-15 Jun-14 - - - 82,692,462 - 17,804,286 92,423 17,696,708 - 17,696,708 - 5,700.234 29,958 5,736.192 - 5,736,192 - Jarr15 - - - 63,886,754 - 17,696,708 92,908 17,789,616 - 17,789,616 - 5,736.192 30,115 5,766,307 - 5,766,307 - Yn15-16 Jun-15 (631) (26,289) (22,437) 65.010.225 - 17,789,016 93,395 17,883,012 - 17,883,012 - 5,768,307 30,273 5,796,580 - 5,798,580 - Jan-16 (9,281) (385,752) (329,236) 64,875,630 - 17,683,012 93,886 17,976,697 - 17,976,897 - 5,796,580 30,432 5,827,012 - 5,827,012 - 2016-17 Jun-18 (1,999) (83,260) (71,002) 85,815,157 - 17,976,897 94,379 18,071,276 - 18,071,276 - 5.827,012 30,592 5,857,804 - 5,857,804 - Jarr17 (9,155) (381,309) (325,444) 65,711.710 - 18,071,276 94,874 18,166,150 - 18,166.150 - 5,857,604 30,752 5,868,356 - 5,888,356 - 2017-18 Jun-17 (2,440) (101,645) (86,753) 86,601.723 - 18,168,150 95,372 18,261,523 - 16,261,523 - 5,888,356 30,914 5,919,270 - 5,919,270 - Jan-18 (10,074) (419,613) (358,136) 66,370,921 - 18,261,523 95,873 18,357,396 - 18,357,390 - 5,919.270 31,076 5,950,346 - 5,950,346 - 2018-19 Jun-18 (4,333) (180,490) (154,046) 66,998,959 - 18,357,395 96,376 18,453,772 - 16,453,772 - 5,950,346 31,239 5,981,586 - 5,981,566 - Jan-19 (9,971) (415,321) (354,473) 66,797,010 - 18,453,772 96,862 18,550,654 - 18,550,654 - 5,981,586 31,403 6,012,989 - 8,012,989 - 2019-20 Jun-19 (4,225) (175,959) (150,180) 57,443.165 - 16,550,654 97,391 18,648045 - 18048,045 - 0,012,969 31,568 6,044,557 - 6,044,557 - Jan-20 (13,889) (578,509) (493.752) 66,668,840 - 18,648,045 97,902 18,745,947 - 18,745,947 - 6,044,557 31,734 6,076,291 - 6,078,291 - 2020-21 Jun-20 (4,113) (171,317) (146,218) 87,329,097 - 18,745,947 98,416 18,844,364 - 18 844,364 - 6,070,291 31,901 6,108,192 - 6,108,192 - Jan-21 (13.787) (574,230) (490,100) 68,567,810 - 18,844,364 98,933 18,943,296 - 18,943,296 - 8,108,192 32,008 6,140,260 - 5,140,260 - 2021-22 Jun-21 (3,999) (166,559) (142,157) 67,243,077 - 18,943,296 99,452 19,042,749 - 19,042,749 - 6,140.260 32,236 6,172,496 - 6,172,496 - Jan-22 (14.853) (e18,857) (528,018) 66,322,019 - 19,042,749 99,974 19,142.723 - 19,142,723 - 5,172,496 32,400 6,204,902 - 6,204,902 2022-23 Jun-22 (3,882) (161,883) (137,995) 87,009,963 - 19,142,723 100,499 19,243,222 - 19,243,222 - 6,204,902 32,578 6,237,477 - 6,237,477 - Jan-23 (14,777) (815,467) (525,296) 66,095,816 - 19.243,222 101,027 19,344,249 - 19,344.249 - 6,237,477 32,747 6,270,224 - 6,270,224 - 2023-24 Jun-23 (3,762) (156,664) (133.728) 66,797.244 - 19,344,249 101,557 19,445.807 - 19,445,807 - 6,270,224 32,919 0,303,143 - 0,303,143 - Jan-24 (15,395) (841,238) (547,291) 65,787,316 - 19,445,807 102,090 19,547,097 - 19,547,897 - 6,303,143 33,092 6,336,234 - 0,336,234 2024-26 Jun-24 (3,639) (151,558) (129,353) 68,501.111 - 19,547,897 102,826 19.850,524 - 19,850,524 - 6,336,234 33,265 6,369,500 - 6,369,500 - Jan-25 (15,435) (642,925) (548,731) 85,479.537 - 19,850,524 103,165 19,753,669 - 19,753,689 - 8.369,500 33,440 0,402,939 - 6,402,939 - 2025-28 Jun-25 (5,223) (217,543) (185,871) 65,952,601 - 19,753,889 103,707 19,857,396 - 19,857,396 - 8,402,939 33,615 8.436,555 - 5,438,555 - Jan-26 (18,524) (771,555) (658,515) 64,462,737 - 19,857,396 104,251 19,961,647 - 19,961,647 - 6,436,555 33,792 6,470,347 - 6,470,347 2026-27 Jun-28 (8,620) (359,034) (300,432)1 64,412,812 - 19,951,647 104,799 20,086,448 - 20,008,446 - 5,470,347 33,969 5,504,316 - 6,504,318 - Source:ROPS3,ROPS2 and ROPS1 34 Prepared by Keyser Marston Associates,Inc. Filename:HB_CF_2013-01-09_Scenado2:Expenses:1/9/2013:GSH:Page 15 Of 16 Table 3 Cash Flow/RPTTF Funding Exhibit C-4(Continued) Forecast-Enforceable Obligations Based on ROPS 3 Successor Agency to Huntington Beach Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Redevelopment Agency 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 ROPS3 Line Item 47.00 48.00 49.00 WATERFALL Enforceable Obligation Description Plerside Hotel SUBTOTAL 4 WATERFALL Beg Balance Less End Balance WATERFALL Retail&Parking Shand project End Balance Available to Beg Balance End Balance SUBTOTALS Emerald Cove Emerald Cove Emerald Cove SUBTOTAL e Structure Waterfront Comml Property Aoq Obligation Repay City GF City GF Loan Less City GF City GF Loan Remaining City Loan City Loan City Loan Remaining Relocation Costs Mosler Silo Plan Costs Items 41A9 Loans Repayment Add Interest Subtotal Repayment Repayment Available Repayment Add Interest Subtotal Repayment Repayment Available Amount Outstanding per ROPS3 0.7% 28.1% 24.0% 0.63% 100.00% 0.63% 100.00% Termination Dote 27,339 1,138.686 971,859 of Available of Available Jan-27 (18,404) (760,538) (654,234) 62,911,471 - 20,066.446 106,349 20,171,795 - 20,171,795 - 6,504,310 34,140 6,638,464 - 6,538,484 - 2027-28 Jun-27 (8,594) (357,971) (305,626) 62,B35,775 - 20.171,795 105,902 20,277,697 - 20,2T7,697 - 6,536,464 34,327 6,572,791 - 6,572,791 - Jan-28 (18,363) (764,828) (852,773) 61,310,483 - 20,277,697 106,458 20,364,164 - 20,364,164 - 6,672,791 34,507 6,607,298 - 6,607,298 - 2028-29 Jun-28 (8,568) (356.856) (304,674) 61,208,258 - 20,364.154 107,017 20,491,171 - 20,491.171 - 6,607,298 34,688 6,641986 - 6,641986 - Jan-29 (18,279) (761,361) (649,815) 59,654,296 - 20,491,171 107,579 20,598.750 - 20,598,760 - 6,641,986 34,870 6,678,857 - 6.678,857 - 2029-30 Jun-29 (8,540) (355,685) (303,674) 59,634,879 - 20,598,760 108,143 20,706,893 - 20,708,893 - 6,676,857 35,053. 6,711,910 - 6,711,910 - Jan-30 (18.164) (756,141) (646.360) 57,977,620 - 20,706,893 108,711 20,815,605 - 20,816,605 - 6,711,910 35,238 6,747,148 - 6,747.148 - 2030-31 Jun-30 (8,610) (364,456) (302,526) 57,820,449 - 20,816,605 109,282 20,924886 - 20,924,886 - 6,747,148 35,423 6.782,570 - 6,702,570 - Jan-31 (18,108) (754,221) (643,722) 56,237,362 - 20,824,886 109.856 21.034,742 - 21,034,742 - 6,782,670 35,608 6,818,179 - 6,818,178 - 2031-32 Jun-31 (8,479) (353,164) (301,423) 56,051,635 - 21,034,742 110.432 21,145,174 - 21,145,174 - 8,618,179 35,795 6,853,974 - 6,853,974 - Jan-32 (18,020) (760,544) (640,683) 64,447,942 - 21,145,174 111,012 21,256,197 - 21,256,187 - 6,863,974 35,983 6,889,967 - 6,889,967 2032-33 Jun-32 (8,447) (351,809) (300,268) 64,232,951 - 21,258,187 111,595 21,367,782 - 21,367,782 - 8,889,967 36,172 6,926,130 - 6,926,130 - - Jan-33 (17,689) (745,107) (635,943) 52.613,963 - 21,367,782 112,181 21,479,962 - 21,479,962 - 6,926,130 36,362 6,962,492 - 6,962,492 - 2033-34 Jun-33 (8,417) (350,588) (299,224) 52.368,380 - 21,479.962 112,770 21,592,732 - 21,592,732 - 6,962,492 36,553- 6,999.045 - 6,999,045 - Jan-34 (20,790) (865,934) (739,067) 50,283,804 - 21,592,732 113.362 21,706,094 - 21,706,094 - 6,999,045 36,745 7,035,790 - 7,035,790 2034-35 Jun-34 (10,407) (433,453) (369.949) 49,698,881 - 21,706,094 113,957 21.820,051 - 21,820,051 - 7,035,780 36.938 7,072,728 - 7,072,728 Jan-35 (22,564) (939,825) (802.132) 47,300,445 - 21,820,051 114,556 21,934,606 - 21,934,606 - 7,072,728 37,132 7,109.860 - 7,109.860 - 2035-36 Jun-35 (10,369) (431,864) (368609) 46,664,275 - 21,934,606 115,167 22,049,763 - 22,049,763 - 7,109,860 37,327 7,147,186 - 7,147,186 - Jan-36 (22,186) (924,092) (788,704) 44,264,030 - 22,049,763 115,761 22,165,524 - 22,185,524 - 7,147,186 37,523 7,164,709 - 7,164,709 - 2036-37 Jun-36 (4,715) (196,376) (167,605) 44,408,281 - 22,165,524 116,369 22,281,693 - 22,281,693 - 7,164,709 37,720 7,222,429 - 7,222.429 - Jan-37 (11,664) (465,814) (414,638) 43,525,059 - 22.281,693 116,980 22,398,673 - 22,396,673 - 7,222,429 37,918 7,260,347 - 7,260,347 - 2037-35 Jun-37 - - - 44,364,211 - 22,398,873 117,594 22,516,467 - 22,516,467 - 7,260,347 38,117 7,298,464 - 7,298,464 Jan-38 - - - 45,199,159 - 22,516,467 118,211 22,634,679 - 22,634,679 - 7,298,464 36,317 7,336,780 - 7,336,780 - TOTALS Source:ROPS3,ROPS2 and ROPS1 35 Prepared by Keyser Marston Associates;Inc. Filename:HB_CF_2013-01-09_Scenarlo2:Expenses:1/9/2013:GSH:Page 16 of 16 Exhibit C-4(Continued) rable 4 rax Increment Revenue Projection Merged Redevelopment Project(Including Southeast Coastal) iuntington Beach Redevelopment Agency '000's Omitted 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Gross TI After TI After Semi Annual Ptax July-Jura Tax County Flood CtI Co Educ Co Water County Co Flood Ocean View HB HS Co Educ Coast CC Vector Ctl Statutory Pass Less Pass Expanded Fiscal Increment Share Share Share Share Share Share USD Share Dist Share Share Dist Share Share Pass Thru Throughs True Up Throughs 34% 66% Year 93% (HC) (HC HC (Various) O O O OV O O O SB211 0003 Adjust 0005 Jun Jan 2 9,630 (1,370) 8,260 NA 8,260,099 worst 2011-1 ttorszaa 2012-1 11.496 1,055 10,441 3,428,586 7.012,392 2013-14 13,988 (128) (41) (9) (8) (17) (9) (59) (49) (4) (35) (0) (1,204) 12,426 (350) 12,076 4,106,000 7.970,000 2014-15 13,988 (128) (41) (9) (8) (17) (9) (59) (49) (4) (35) (0) (1,204) 12,426 (350) 12,076 4,106,000 7,970,000 2015-16 13,988 (128) (41) (9) (8) (17) (9) (59) (49) (4) (35) (0) (1,204) 12,428 (350) 12,076 4,106.000 7,970,000 2016-17 13,988 (128) (41) (9) (8) (17) (9) (59) (49) (4) (35) (0) (1,204) 12,428 (350) 12,076 4,106,000 7,970,000 2017-18 15,087 (141) (45) (10) (9) (18) (9) (61) (50) (4) (37) (1) (1,679) 13,022 (350) 12,672 4,308,000 8,363,000 2018-19 15,087 (141) (45) (10) (9) (18) (9) (61) (50) (4) (37) (1) (1,679) 13,022 (350) 12,672 4,308,000 8,363,000 2019-20 15,087 (141) (45) (10) (9) (18) (9) (61) (50) (4) (37) (1) (1,679) 13,022 (350) 12,672 4,308,000 8,363,000 2020-21 15,087 (141) (45) (10) (9) (18) (9) (61) (50) (4) (37) (1) (1,679) 13,022 (350) 12,672 4,308,000 8,363,000 2021-22 15,087 (141) (45) (10) (9) (18) (9) (61) (50) (4) (37) (1) (1,679) 13,022 (350) 12,672 4,308,000 8,363,000 2022-23 15,087 (141) (45) (10) (9) (18) (9) (61) (50) (4) (37) (1) (1,679) 13,022 (350) 12,672 4,308,000 8,363,000 2023-24 15,087 (141) (45) (10) (9) (18) (9) (61) (50) (4) (37) (1) (1,679) 13,022 (350) 12,672 4,308,000 8,363,000 2024-25 15,087 (141) (45) (10) (9) (18) (9) (61) (50) (4) (37) (1) (1,879) 13,022 (350) 12.672 4,308.000 8,363,000 2025-26 15,087 (141) (45) (10) (9) (18) (9) (61) (50) (4) (37) (1) (1,679) 13,022 (350) 12,672 4,308,000 8,363,000 2026-27 15,087 (141) (45) (10) (9) (18) (9) (61) (50) (4) (37) (1) (1,679) 13,022 (350) 12,672 4,308,000 8,363,000 2027-28 15,087 (141) (45) (10) (9) (18) (9) (61) (50) (4) (37) (1) (1,679) 13,022 (350) 12,672 4,308,000 8,363,000 2028-29 15,087 (141) (45) (10) (9) (18) (9) (81) (50) (4) (37) (1) (1,679) 13,022 (350) 12,672 4,308,000 8,363,000 2029-30 15,087 (141) (45) (10) (9) (18) (9) (61) (50) (4) (37) (1) (1,679) 13,022 (350) 12,672 4,308,000 8.363,000 2030-31 15.087 (141) (45) (10) (9) (18) (9) (61) (50) (4) (37) (1) (1,679) 13,022 (350) 12,672 4,308,000 8,363,000 2031-32 15,087 (141) (45) (10) (9) (18) (9) (61) (50) (4) (37) (1) (1,879) 13,022 (350) 12,672 4,308,000 8,363,000 2032-33 15,087 (141) (45) (10) (9) (18) (9) (61) (50) (4) (37) (1) (1,679) 13,022 (350) 12,672 4,308,000 8,363,000 2033-34 15,087 (141) (45) (10) (9) (16) (9) (61) (50) (4) (37) (1) (1,879) 13,022 (350) 12,872 4,308,000 8,383,000 2034-35 15,087 (141) (45) (10) (9) (18) (9) (61) (50) (4) (37) (1) (1,679) 13,022 (350) 12,672 4,308,000 8,363,000 2035-36 15,087 (141) (45) (10) (9) (18) (9) (61) (50) (4) (37) (1) (1,679) 13,022 (350) 12,672 4,308,000 8,363,000 2036-37 7,745 0 0 0 0 0 0 0 0 0 0 0 (6, 1 6,900 (350) 6,550 2,227,000 4,323,000 2037-38 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Prepared by Keyser Marston Associates,Inc. Filename:HB_CF_2013-01-09_Scenado2:PTax Sum:11912013:8:22 PM:GSH 36 Exhibit C-4 (Continued) Table 4.1 Tax Increment Yorktown-Lake Huntington Beach 000's Omitted 1 2 3 4 5 6 7 8 Total Total Annual Incremental Gross 50% Statutory Net Real Other Total Value Tax Co Water Pass Thru After Plan Fiscal Property Property Project Over Base Increment Share Triggered Tax Yr Year Value Value Value $13801 93% -0.82% by SB211 Sharing Reported 29 2011-12 56,965 179 573145 55,344 513 0 (20) 493 Reported 30 2012-13 57,666 37 57,703 55,902 288 0 36 323 31 2013-14 34,971 37 35,007 33,207 308 0 31 338 32 2014-15 34,971 37 35,007 33,207 308 0 31 338 33 2015-16 34,971 37 35,007 33,207 308 0 31 338 34 2016-17 34,971 37 35,007 33,207 308 0 31 338 35 2017-18 34,971 37 35,007 33,207 308 0 31 338 36 2018-19 34,971 37 353007 33,207 308 0 31 338 37 2019-20 34,971 37 35,007 33,207 308 0 31 338 38 2020-21 34,971 37 35,007 33,207 308 0 31 338 39 2021-22 34,971 37 35,007 33,207 308 0 31 338 Plan Limit 09-20-2022 40 2022-23 34,971 37 35,007 33,207 308 0 31 338 SB1045 09-20-2023 41 2023-24 34,971 37 35,007 33,207 308 0 31 338 SB1096 09-20-2024 42 2024-25 34,971 37 35,007 33,207 308 0 31 338 SB1096 09-20-2025 43 2025-26 34,971 37 35,007 33,207 308 0 31 338 44 2026-27 34,971 37 35,007 33,207 308 0 31 338 45 2027-28 34,971 37 35,007 33,207 308 0 31 338 46 2028-29 34,971 37 35,007 33,207 308 0 31 338 47 2029-30 34,971 37 35,007 33,207 308 0 31 338 48 2030-31 34,971 37 35,007 33,207 308 0 31 338 49 2031-32 34,971 37 35,007 33,207 308 0 31 338 TI Receipt 09-20-2032 50 2032-33 34,971 37 35,007 33,207 308 0 31 338 SB1045 09-20-2033 51 263-34 34,971 37 35,007 33,207 308 0 31 338 SB1096 09-20-2034 52 2034-35 34,971 37 35,007 33,207 308 0 31 338 S B 1096 09-20-2035 53 2035-36 34,971 37 353007 1 33,207 308 0 31 1 338 Prepared by Keyser Marston Associates,Inc. Filename:HB_CF_2013-01-09_Scenario2:YT:1/9/2013:8:23 PM:GSH 37 Table 4.2 Exhibit C-4 (Continued) Tax Increment Talbert-Beach Huntington Beach 000's Omitted 1 2 3 4 5 6 7 8 Total Total Annual Incremental Gross 50% Statutory Net Real Other Total Value Tax Co Water Pass Thru After Plan Fiscal Property Property Project Over Base Increment Share Triggered Tax Yr Year Value Value Value $1,813 93% -0.75% by SB211 Sharing Reported 29 2011-12 71,867 427 72,294 70,481 653 0 (45) 608 Reported 30 2012-13 64,226 98 64,324 62,511 572 0 (25) 547 31 2013-14 63,438 98 63,537 61,724 573 0 (25) 548 32 2014-15 63,438 98 63,537 61,724 573 0 (25) 548 33 2015-16 63,438 98 63,537 61,724 573 0 (25) 548 34 2016-17 63,438 98 63,537 61,724 573 0 (25) 548 35 2017-18 63,438 98 63,537 61,724 573 0 (25) 548 36 2018-19 63,438 98 63,537 61,724 573 0 (25) 548 37 2019-20 63,438 98 63,537 61,724 573 0 (25) 548 38 2020-21 63,438 98 63,537 61,724 573 0 (25) 548 39 2021-22 63,438 98 63,537 61,724 573 0 (25) 548 Plan Limit09-20-2022 40 2022-23 63,438 98 63,537 61,724 573 0 (25) 548 SB1045 09-20-2023 41 2023-24 63,438 98 63,537 61,724 573 0 (25) 548 SB109609-20-2024 42 2024-25 63,438 98 63,537 61,724 573 0 (25) 548 SB109609-20-2025 43 2025-26 63,438 98 63,537 61,724 573 0 (25) 548 44 2026-27 63,438 98 63,537 61,724 573 0 (25) 548 45 2027-28 63,438 98 63,537 61,724 573 0 (25) 548 46 2028-29 63,438 98 63,537 61,724 573 0 (25) 548 47 2029-30 63,438 98 63,537 61,724 573 0 (25) 548 48 2030-31 63,438 98 63,537 61,724 573 0 (25) 548 49 2031-32 63,438 98 63,537 61,724 573 0 (25) 548 Ti Receipt 09-20-2032 50 2032-33 63,438 98 63,537 61,724 573 0 (25) 548 SB104509-20-2033 51 2033-34 63,438 98 63,537 61,724 573 0 (25) 548 SB109609-20-2034 52 2034-35 63,438 98 63,537 61,724 573 0 (25) 548 SB109609-20-2035 53 2035-36 63,438 981 63,537 1 61,724 573 0 (25) 548 Prepared by Keyser Marston Associates,Inc. Filename:HB_CF_2013-01-09_Scenario2:TB: 1/9/2013:8:23 PM:GSH 38 Exhibit C-4 (Continued) Table 4.3 Tax Increment Main Pier Huntington Beach (000's Omitted 1 2 3 4 5 6 7 8 Total Total Annual Incremental Gross 50% Statutory Net Real Other Total Value Tax Water Pass Thru After Plan Fiscal Property Property Project Over Base Increment Share Triggered Tax Yr Year Value Value Value $6,158 93% -0.82% by SB211 Sharing Reported 29 2011-12 264,690 18,978 283,668 277,510 2,576 0 (402) 2,174 Reported 30 2012-13 270,401 22,258 292,659 286,501 2,449 0 (371) 2,079 31 2013-14 249,675 22,258 271,933 265,774 2,417 0 (363) 2,054 32 2014-15 249,675 22,258 271,933 265,774 2,417 0 (363) 2,054 33 2015-16 249,675 22,258 271,933 265,774 2,417 0 (363) 2,054 34 2016-17 249,675 22,258 271,933 265,774 2,417 0 (363) 2,054 35 2017-18 249,675 22,258 271,933 265,774 2,467 0 (385) 2,082 36 2018-19 249,675 22,258 271,933 265,774 2,467 0 (385) 2,082 37 2019-20 249,675 22,258 271,933 265,774 2,467 0 (385) 2,082 38 2020-21 249,675 22,258 271,933 265,774 2,467 0 (385) 2,082 39 2021-22 249,675 22,258 271,933 265,774 2,467 0 (385) 21082 Plan Limit09-20-2022 40 2022-23 249,675 22,258 271,933 265,774 2,467 0 (385) 2,082 SB104509-20-2023 41 2023-24 249,675 22,258 271,933 265,774 2,467 0 (385) 2,082 SB 1096 09-20-2024 42 2024-25 249,675 22,258 271,933 265,774 2,467 0 (385) 2,082 SB1 096 09-20-2025 43 2025-26 249,675 22,258 271,933 265,774 2,467 0 (385) 2,082 44 2026-27 249,675 22,258 271,933 265,774 2,467 0 (385) 2,082 45 2027-28 249,675 22,258 271,933 265,774 2,467 0 (385) 2,082 46 2028-29 249,675 22,258 271,933 265,774 2,467 0 (385) 2,082 47 2029-30 249,675 22,258 271,933 265,774 2,467 0 (385) 2,082 48 2030-31 249,675 22,258 271,933 265,774 2,467 0 (385) 2,082 49 2031-32 249,675 22,258 271,933 265,774 2,467 0 (385) 21082 TI Receipt09-20-2032 50 2032-33 249,675 22,258 271,933 265,774 2,467 0 (385) 2,082 SB104509-20-2033 51 2033-34 249,675 22,258 271,933 265,774 2,467 0 (385) 2,082 SB109609-20-2034 52 2034-35 249,675 22,258 271,933 265,774 2,467 0 (385) 2,082 SB109609-20-2035 53 2035-36 249,675 22,258 271,933 1 265,774 2,467 0 (385) 2,082 Prepared by Keyser Marston Associates,Inc. 39 Filename:HB_CF_2013-01-09_Scenario2:MO: 1/9/2013:8:23 PM:GSH Exhibit C-4(Continued) Exhibit C-4(Continued) rable 4.4 rau Increment Dakview Project Huntington Beach 000's Omitted 1 2 3 4 5 6 7 8 9 10 0 12 13 o 15 Total Total Annual Incremental Gross 50% 100% 15% 15% 100% 50°� 100% 50°/, Statutory Net Real Other Total Value Tax Co Entities Co Flood Ocean View HB HS Co Educ Coast CC Vector CU Co Water Pass Thru After Dist Share Share Dist Share Share Share Triggered Tax Plan Fiscal Property Property Project Over Base Increment Share Share USD Share Yr Year Value Value Value $23,335 93% -7.11/6 1.8% -25.5% -21% -1.23% -8.9% -0.10% -0.75% by SB211 Sharing Reported 29 2011-12 134,281 4,087 138,368 115,085 1,068 (25) (13) (67) (55) (4) (45) (1) 0 (39) 819 Reported 30 2012-13 136,335 5,276 141,610 118,275 851 (17) (9) (60) (49) (4) (35) (1) 0 (21) 631 31 2013-14 112,113 5,276 117,389 94,054 822 (17) (9) (59) (49) (4) (35) (0) 0 (19) 631 32 2014-15 112.113 5,276 117,389 94,054 822 (17) (9) (59) (49) (4) (35) (0) 0 (19) 631 33 2015-16 112.113 5,276 117,389 94,054 822 (17) (9) (59) (49) (4) (35) (0) 0 (19) 631 34 2016-17 112,113 5,276 117,389 94,054 822 (17) (9) (59) (49) (4) (35) (0) 0 (19) 631 35 2017-18 112,113 5,276 117,389 94,054 872 (18) (9) (61) (50) (4) (37) (1) 0 (25) 666 36 2018-19 112,113 5,276 117,389 94.054 872 (18) (9) (61) (50) (4) (37) (1) 0 (25) 666 37 2019-20 112,113 5,278 117,389 94,054 872 (18) (9) (61) (50) (4) (37) (1) 0 (25) 666 38 2020-21 112,113 5,276 117,389 94,054 872 (18) (9) (61) (50) (4) (37) (1) 0 (25) 666 39 2021-22 112,113 5,276 117,389 94,054 872 (18) (9) (61) (50) (4) (37) (1) 0 (25) 666 Plan Limit 11-01-2022 40 2022-23 112,113 5,276 117,389 94,054 872 (18) (9) (61) (50) (4) (37) (1) 0 (25) 666 seto4511-01-2023 41 2023-24 112,113 5,276 117,389 94,054 872 (18) (9) (61) (50) (4) (37) (1) 0 (25) 666 SB109611-01-2024 42 2024-25 112,113 5,276 117,389 94,054 872 (18) (9) (61) (50) (4) (37) (1) 0 (25) 666 SB109611-01-2025 43 2025-26 112.113 5,276 117,389 94,054 872 (18 (9 (61 50 4 37 25) 666 1) 0 44 2026-27 112,113 5,276 117,389 94,054 872 (18) (9) (61) (50) (4) (37) (1) 0 (25) 666 45 2027-28 112,113 5,276 117,389 94,054 872 (18) (9) (61) (50) (4) (37) (1) 0 (25) 666 46 2028-29 112,113 5,276 117,389 94.054 872 (18) (9) (61) (50) (4) (37) (1) 0 (25) 666 47 2029-30 112,113 5,276 117,389 94,054 872 (18) (9) (61) (50) (4) (37) (1) 0 (25) 686 48 2030-31 112,113 5,276 117,389 94,054 872 (18) (9) (61) (50) (4) (37) (1) 0 (25) 666 49 2031-32 112,113 5,276 117,389 94,054 872 (18) (9) (61) (50) (4) (37) (1) 0 (25) 666 n Receipt 11-01-2032 50 2032-33 112,113 5,276 117,389 94,054 872 (18) (9) (61) (50) (4) (37) (1) 0 (25) 666 SBID4511-01-2033 51 2033-34 112,113 5,276 117,389 94,054 872 (18) (9) (61) (50) (4) (37) (1) 0 (25) 666 SB109611-01-2034 52 2034-35 112,113 5,276. 117,389 94.054 872 (18) (9) (61) (50) (4) (37) (1) 0 (25) 666 SBI09611-01-2035 53 2035-36 112,113 5,276 117,389 94,054 872 (18) 9) (61) (50) 4) 37 1 0 (25) 668 Prepared by Keyser Marston Associates,Inc. 40 Fllename:HB_CF_2013-01-09_Scenado2:OV:1/9/2013:8:23 PM:GSH Exhibit C-4 (Continued) Table 4.5 Tax Increment Main-Pier Added Huntington,Beach 7 oows Omitted 1 2 3 4 5 6 Total Total Annual Incremental Gross Statutory Net Real Other Total Value Tax Pass Thru After Plan Fiscal Property Property Project Over Base Increment Triggered Tax Yr Year Value Value Value $49,499 93% by SB211 Sharing Reported 28 2011-12 829,530 29,464 858,994 809,495 7,515 (641) 6,875 Reported 29 2012-13 893,791 28,154 921,945 872,446 7,711 (690) 7,021 30 2013-14 855,588 28,154 883,742 834,243 7,046 (523) 6,523 31 2014-15 855,588 28,154 883,742 834,243 7,046 (523) 6,523 32 2015-16 855,588 28,154 883,742 834,243 7,046 (523) 6,523 33 2016-17 855,588 28,154 883,742 834,243 7,046 (523) 6,523 34 2017-18 855,588 28,154 883,742 834,243 7,745 (845) 6,900 35 2018-19 855,588 28,154 883,742 834,243 7,745 (845) 6,900 36 2019-20 855,588 28,154 883,742 834,243 7,745 (845) 6,900 37 2020-21 855,588 28,154 883,742 834,243 7,745 (845) 6,900 38 2021-22 855,588 28,154 883,742 834,243 7,745 (845) 6,900 39 2022-23 855,588 28,154 883,742 834,243 7,745 (845) 6,900 Plan Limit 09-06-2023 40 2023-24 855,588 28,154 883,742 834,243 7,745 (845) 6,900 SBI045o9-os-2o24 41 2024-25 855,588 28,154 883,742 834,243 7,745 (845) 6,900 sB1o9s09-06-2025 42 2025-26 855,588 28,154 883,742 834,243 7,745 (845) 6,900 SB1096o9-os-2026 43 2026-27 855,588 28,154 883,742 834,243 7,745 (845) 6,900 44 2027-28 855,588 28,154 883,742 834,243 7,745 (845) 6,900 45 2028-29 855,588 28,154 883,742 834,243 7,745 (845) 6,900 46 2029-30 855,588 28,154 883,742 834,243 7,745 (845) 6,900 47 2030-31 855,588 28,154 883,742 834,243 7,745 (845) 6,900 48 2031-32 855,588 28,154 883,742 834,243 7,745 (845) 6,900 49 2032-33 855,588 28,154 883,742 834,243 7,745 (845) 6,900 Tl Receipt 09-06-2033 50 2033-34 855,588 28,154 883,742 834,243 7,745 (845) 6,900 sBl04509-06-2034 51 2034-35 855,588 28,154 883,742 834,243 7,745 (845) 6,900 SBI09609-06-2035 52 2035-36 855,588 28,154 883,742 834,243 7,745 (845) 6,900 SB109609-06-2036 53 2036-37 855,588 28,154 883,742 834,243 7,745 (845) 6,900 Prepared by Keyser Marston Associates,Inc. 41 Filename:HB_CF_2013-01-09_Scenario2:MA:1/9/2013:8:24 PM:GSH Exhibit C-4 (Continued) Table 4.6 Tax'lncrement Huntington Center Huntington Beach 9 10 11 000's Omitted 1 2 3 4 5 6 7 8 Total Total Annual Incremental Gross 80% 80% 34% Statutory Net Real Other Total Value Tax County Flood Ctl Co Educ Co Water Pass Thru After Plan Fiscal Property Property Project Over Base Increment Share Share Share Share Triggered Tax Yr Year Value Value Value $74,693 93% -5.7% -1.8% 70.3074% -0.75% by SB211 Sharing Reported 27 2011-12 399,726 62,304 462,030 387,338 3,596 (163) (52) (11) (10) (480) 2,880 Reported 28 2012-13 392,415 58,637 451,052 376,360 3,086 (140) (45) (9) (9) (365) 2,519 29 2013-14 352,292 58,637 410,929 336,237 2,822 (128) (41) (9) (8) (305) 2,332 30 2014-15 362,292 58,637 410,929 336,237 2,822 (128) (41) (9) (8) (305) 2,332 31 2015-16 352,292 58,637 410,929 336,237 2,822 (128) (41) (9) (8) (305) 2,332 32 2016-17 352,292 58,637 410,929 336,237 2,822 (128) (41) (9) (8) (305) 2,332 33 2017-18 352,292 58,637 410,929 336,237 3,122 (141) (45) (10) (9) (429) 2,488 34 2018-19 352,292 58,637 410,929 336,237 3,122 (141) (45) (10) (9) (429) 2,488 35 2019-20 352,292 58,637 410,929 336,237 3,122 (141) (45) (10) (9) (429) 2,488 36 2020-21 352,292 58,637 410,929 336,237 3,122 (141) (45) (10) (9) (429) 2,488 37 2021-22 362,292 58,637 410,929 336,237 3,122 (141) (45) (10) (9) (429) 2,488 38 2022-23 362,292 58,637 410,929 336,237 3,122 (141) (45) (10) (9) (429) 2,488 39 2023-24 362,292 58,637 410,929 336,237 3,122 (141) (45) (10) (9) (429) 2,488 Plan Limit11-26-2024 40 2024-25 352,292 58,637 410,929 336,237 3,122 (141) (45) (10) (9) (429) 2,488 SB104511-26-2025 41 2025-26 352,292 58,637 410,929 336,237 3,122 141 45 10 9 429 2,488 42 2026-27 362,292 58,637 410,929 336,237 3,122 (141) (45) (10) (9) (429) 2,488 43 2027-28 362.292 58,637 410,929 336,237 3,122 (141) (45) (10) (9) (429) 2,488 44 2028-29 352,292 58,637 410,929 336,237 3,122 (141) (45) (10) (9) (429) 2,488 45 2029-30 352,292 58,637 410,929 336,237 3,122 (141) (45) (10) (9) (429) 2,488 46 2030-31 352,292 58,637 410,929 336,237 3,122 (141) (45) (10) (9) (429) 2,488 47 2031-32 362,292 58,637 410.929 336,237 3,122 (141) (45) (10) (9) (429) 2,488 48 2032-33 362,292 58,637 410,929 336,237 3,122 (141) (45) (10) (9) (429) 2,488 49 2033-34 362,292 58,637 410,929 336,237 3,122 (141) (45) (10) (9) (429) 2,488 In Receipt 11-26-2034 50 2034-35 352,292 58,637 410,929 336,237 3,122 (141) (45) (10) (9) (429) 2,488 SB104511-26-2034 51 2035-36 362,292 58,637 410,929 336,237 3,122 141 45) 10) 9 429) 2,488 Prepared by Keyser Marston Associates,Inc. 42 Filename:HB_CF_2013-01-09_Scenario2:HC:11912013:8:24 PM:GSH Table 4.7 Tax Increment Exhibit C-4 (Continued) Southeast Coastal Huntington Beach 5 6 7 oows Omitted 1 2 3 4 Total Total Annual Incremental Gross Statutory Net Real Other Total Value Tax Pass Thru After Plan Fiscal Property Property Project Over Base Increment Triggered Tax Yr Year Value Value Value $103,734 93% by SB211 Sharing 0 0 0 0 Reported 10 2011-12 17,770 81,008 98,778 0 0 0 0 Reported 11 2012-13 18,460 68,950 87,410 0 0 0 0 12 2013-14 17,155 68,950 86,105 0 0 0 13 2014-15 17,155 68,950 86,105 0 0 0 0 14 2015-16 17,155 68,950 86,105 0 0 0 0 15 2016-17 17,155 68,950 86,105 0 0 0 0 16 2017-18 17,155 68,950 86,105 0 0 0 0 17 2018-19 17,155 68,950 86,105 0 0 0 0 18 2019-20 17,155 68,950 86,105 0 0 0 0 19 2020-21 17,155 68,950 86,105 0 0 0 0 20 2021-22 17,155 68,950 86,105 0 0 0 0 21 2022-23 17,155 68,950 86,105 0 0 0 0 22 2023-24 17,155 68,950 86,105 _ 0 0 0 0 23 2024-25 17,155 68,950 86,105 0 0 0 0 24 2025-26 17,155 68,950 86,105 0 0 0 0 25 2026-27 17,155 68,950 86,105 0 0 0 0 26 2027-28 17,155 68,950 86,105 0 0 0 0 27 2028-29 17,155 68,950 86,105 0 0 0 0 28 2029-30 17,155 68,950 86,105 0 0 0 0 29 2030-31 17,155 68,950 86,105 0 0 0 0 Plan Urnit 06-17-2032 30 2031-32 17,155 68,950 86,105 0 0 0 0 0 SB1045106-17-2033 31 2032-33 17,155 68,950 86,105 0 0 0 32 2033-34 17,155 68,950 86,105 0 0 0 0 33 2034-35 17,155 68,950 86,105 0 0 0 0 34 2035-36 17,155 68,950 86,105 0 0 0 0 35 2036-37 17,155 68,950 86,105 0 0 0 0 36 2037-38 17,155 68,950 86,105 0 0 0 0 37 2038-39 17,155 68,950 86,105 0 0 0 0 38 2039-40 17,155 68,950 86,105 0 0 0 0 39 2040-41 17,155 68,950 86,105 0 0 0 0 40 2041-42 17,155 68,950 86,105 0 0 0 0 41 2042-43 17,155 68,950 86,105 0 0 0 0 42 2043-44 17,155 68,950 86,105 0 0 0 0 43 2044-45 17,155 68,950 86,105 0 0 0 0 44 2045-46 17,155 68,950 86,105 0 0 0 0 TI Receipt 06-17-2047 45 2046-47 17,155 68,950 86,105 0 0 0 0 SS104506-17-204o 46 2047-48 17,155 68,950 86,105 0 Prepared by Keyser Marston Associates,Inc. 43 Filename:HB_CF_2013-01-09_Scenado2:SE:1/9/2013:8:24 PM:GSH City of Huntington Beach Redevelopment Successor Agency Exhibit C-5 Pursuant to AB 1484-All Other Funds Summary of Balances Available for Allocation to Affected Taxing Entities Original Submitted to DOF Revised Exhibit 9/30/2012 6/30/2012 Reference: Total amount of assets held by the successor agency(procedure 5) $ 30,087,087 $ 15,050,903 (A) Exhibit C-1 Add the aniount of any assets transferred to the city or other parties for which an enforceable obligation with a third party requiring such transfer and obligating the use of the transferred assets did not exist(procedures 2 and 3) - - Less assets legally restricted for uses specified by debt covenants,grant restrictions,or restrictions imposed by other governments(procedure 6) 11 (2,422,613) (2,717,598) Exhibit C-2 Less assets that are not cash or cash equivalents (e.g.,physical assets)-(procedure 7) (21,170,451) (122,728) (A) Exhibit C-3 Less balances that are legally restricted for the funding of an enforceable obligation(net of projected annual revenues available to fund those obligations)-(procedure 8) (6,494,023) (6,494,023) Exhibit C-4 Less balances needed to satisfy ROPS for the 2012-13 fiscal year(procedure 9) - (5,747,947) Exhibit C-6 Less the amount of payments made on July 12,2012 to the County Auditor-Controller a: directed by the California Department of Finance (629,466) Amount to be remitted to county for disbursement to taxing entities $ - $ (660,859 (A) These balances do not reflect Land and band Held for Resale transferred to the City in 2011 and returned to the Successor Agency after June 30,2012 City of Huntington Beach Redevelopment Successor Agency Exhibit C-6 Pursuant to AB 1484-All Other Funds Schedule of Balances for Funding Enforceable Obligations PROJECTION OF AMOUNT NEEDED TO OBLIGATION ANNUAL REV PROJECTION OF BE RETAINED FROM AMOUNT AS AVAIL TO FUND REVENUE ANNUAL JUNE 30,2012 ITEM PROJECT NAME/DEBT OBLIGATION ROPS LINE NO. APPROVED BY DOF REQ SOURCE SPENDING REQ BALANCE Note:Schedule should list only those obligations where fiiture revenues together with balances dedicated/restricted are insufficient to fund future obligation payments 1 Hyatt Regency Huntington Beach Project Page 2,Line 2 367,896 - RPTTF 367,896 2 2002 Tax Allocation Refunding Bonds Page 2,Line 3 1,315,369 - RPTTF 1,315,369 3 1999 Tax Allocation Refunding Bonds Page 2,Line 4 599,044 - RPTTF 599,044 4 2002 Tax Allocation Refunding Bonds Page 2,Line 5 500 - RPTTF 500 5 2002 Tax Allocation Refunding Bonds Page 2,Line 8 1,537 - RPTTF 1,537 6 2002 Tax Allocation Refunding Bonds Page 2,Line 11 250 - RPTTF 250 7 1999 Tax Allocation Refunding Bonds Page 2,Line 12 1,525 - RPTTF 1,525 8 HUD Section 108 Infrastructure Loan for Page 2,Line 13 370,175 - RPTTF 370,175 Hyatt/Hilton Properties 9 Strand Hotel and Mixed-Use Project,Parking Page 3,Line 1 685,403 - RPTTF 685,403 &Infrastructure Implementing Agreement 10 Strand Project Additional Parking Page 3,Line 2 49,576 RPTTF 49,576 11 Pacific City Page 3,Line 3 20,000 RPTTF 20,000 12 Covenant Monitoring Obligations of Housing Page 3,Line 4 153,202 RPTTF 153,202 Authority 13 Housing Authority Covenant monitoring per Page 3,Line 5 75,000 RPTTF 75,000 AB 987 14 Affordable Housing Compliance pursuant to Page 4,Line 1 37,500 RPTTF 37,500 the requirements of Section 33413(b)(4)and 33490(a)(2)and(3)of the California Community Redevelopment Law,Health and Safety Code Section 33000,et.seq.Covenant monitoring per AB 987. City of Huntington Beach Redevelopment Successor Agency Exhibit C-6 Pursuant to AB 1484-All Other Funds Schedule of Balances for Funding Enforceable Obligations PROJECTION OF AMOUNT NEEDED TO OBLIGATION ANNUAL REV PROJECTION OF BE RETAINED FROM AMOUNT AS AVAIL TO FUND REVENUE ANNUAL JUNE 30,2012 ITEM PROJECT NAME/DEBT OBLIGATION ROPS LINE NO. APPROVED BV DOF REQ SOURCE SPENDING REQ BALANCE 15 Affordable Housing Compliance pursuant to Page 4,Line 2 75,000 - RPTTF 75,000 the requirements of Section 33413(b)(4)and 33490(a)(2)and(3)of the California Community Redevelopment Law,Health and Safety Code Section 33000,et.seq.Covenant monitoring per AB 987. 16 Abdelmudi Owner Participation Page 4,Line 5 6,000 RPTTF 6,000 Agreement/Rent Differential Agreement 17 Covenant enforcement for Affordable Page 4,Line 8 15,000 RPTTF 15,000 housing projects for the purpose of increasing,improving,and preserving the City's supply of low and moderate income housing pursuant to the requirements of Section 33413(b)(4)and 33490(a)(2)and(3) of the California Community Redevelopment Law,Health and Safety Code Section 33000, et.seq. 18 Unfunded CaIPERS Pension Liabilities Page 4,Line 9 36,762 RPTTF 36,762 19 Unfunded Supplemental Retirement Page 4,Line 10 9,408 RPTTF 9,408 Liabilities 20 Public Agency Retirement Systems(PARS) Page 4,Line 11 19,965 RPTTF 19,965 Notes Payable 21 Unfunded OPEB Liabilities Page 4,Line 12 2,880 RPTTF 2,880 22 Successor Agency Compliance Page 4,Line 14 13,000 RPTTF 13,000 23 Successor Agency Compliance per H&S Page 4,Line 15 29,675 RPTTF 29,675 Code 33433 24 Emerald Cove 2010 Series A Lease Revenue Page 5,Line 1 404,564 RPTTF 404,564 Refunding Bonds 25 Bella Terra Parking Infrastructure Property Page 5,Line 2 1,277,600 RPTTF 1,277,600 Tax Sharing Agreement 26 Bella Terra Phase I1 Page 5,Line 3 7,200 RPTTF 7,200 27 Pierside Pavillion Owner Participation Page 5,Line 4 4,000 RPTTF 4,000 Agreement City of Huntington Beach Redevelopment Successor Agency Exhibit C-6 Pursuant to AB 1484-All Other Funds Schedule of Balances for Funding Enforceable Obligations PROJECTION OF AMOUNT NEEDED TO OBLIGATION ANNUAL REV PROJECTION OF BE RETAINED FROM AMOUNT AS AVAIL TO FUND REVENUE ANNUAL JUNE 30,2012 ITEM PROJECT NAME/DEBT OBLIGATION ROPS LINE NO. APPROVED BY DOF REQ SOURCE SPENDING REQ BALANCE 28 Assessment for AES Property Tax Valuation Page 6,Line 1 2,500 RPTTF 2,500 29 Enforcement of Successor Agency Page 7,Line 3 167,416 RPTTF 167,416 compliance and monitoring per AB 1X26 5,747,947 $ - 5,747,947 Balances necessary for retention: 5,747,947 (A) (A) The total amount approved for the ROPS 11 July I-December 31,2012 period was$5,747,947;however,the Successor Agency only received $3,428,586 in RPTTF funding for the period. Res. No. 2013-08 STATE OF CALIFORNIA ) COUNTY OF ORANGE ) CITY OF HUNTINGTON BEACH ) I, JOAN FLYNN, Secretary of the Huntington Beach Oversight Board of the Successor Agency of the Former City of Huntington Beach Redevelopment Agency, Huntington Beach, California DO HEREBY CERTIFY that the foregoing resolution was duly adopted by the Huntington Beach Oversight Board of the Successor Agency of the Former City of Huntington Beach Redevelopment Agency at a meeting held on May 30,2013 and that it was so adopted by the following vote: AYES: Board Members: Bone, Carchio, Delgado, Fritzal NOES: Board Members: None ABSENT: Board Members: Boardman, L. Dunn ABSTAIN: Board Members: A. Dunn Secret of the Huntington#ch Oversight Board the Successor Agency of the Former City of Huntington Beach Redevelopment Agency Huntington Beach, California