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Public Comment Session on Due Diligence Review of Non-Housin
AGENDA REPORT Oversight Board of the Huntington Beach Successor Agency to the Redevelopment Agency MEETING DATE: May 22, 2013 SUBJECT/ACTION: Public Comment Session on the Due Diligence Review of the Non-Housing Redevelopment Funds, Pursuant to Health and Safety Code Section 34179.5 [Assembly Bill 1484] RECOMMENDED ACTION: Motion to: 1) Receive public comments on the Due Diligence Review for Non-Housing Redevelopment Funds as required by Health and Safety Code Section 34179.5 (Assembly Bill 1484); and, 2) Receive and File the Due Diligence Review for Non-Housing Redevelopment Funds in anticipation of consideration of resolution of approval at the May 30, 2013 Oversight Board meeting. BACKGROUND: 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: "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 30th, rather than the State of California's fiscal year-end June 30th The City has amended the DDR exhibits to match the June.30th 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 Page 2 Due Diligence Review of the Non-Housing Redevelopment Funds Board once again review the amended DDR and receive public comments and then approve the DDR. The Oversight Board is to receive public comments on the Due Diligence Review (DDR) for Non-Housing Funds of the dissolved Huntington Beach Redevelopment Agency (Agency) in anticipation of formal action by the Oversight Board to approve the DDR at its meeting on May 30, 2013. State law requires the Oversight Board to hold a meeting to receive public comments on the DDR and at least five business days later, hold a second meeting to take formal action to approve the DDR. The attached is both the original Independent Accountant's Report on Applying the Agreed-Upon Procedures on the Successor Agency to the dissolved Huntington Beach Redevelopment Agency, except its Low and Moderate Income Housing Fund (Report) presents the results of this review and the amended submitted to the State on April 17, 2013. 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 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, approved by the County Auditor-Controller and with experience and expertise in local government accounting to conduct two DDRs as 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 DDRs. Two DDRs are required to be performed; one for the Housing Funds, and one for Non- Housing funds. The report for the Housing Funds was completed and approved by the Oversight Board at its last meeting held on November 16, 2012. This report is for the Non-Housing Funds review and has been completed and submitted to the County and State and once again being presented to the Oversight Board as required by State law. Section 34179.5 of the Health and Safety Code identifies the general requirements of the DDRs. 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 there are no Non-Housing Funds of the dissolved Agency to be distributed to the taxing entities. Page 3 Due Diligence Review of the Non-Housing Redevelopment Funds The Oversight Board is required to convene a public comment session at least five business days prior to the Oversight Board approving the DDR. Today's meeting is being held to convene the public comment session as required by law. The next Oversight Board meeting is scheduled for May 30, 2013, for the purpose of requesting the Oversight Board's approval of the DDR for transmittal to the required parties. ATTACHMENTS: #1. Amended Exhibits #2. Independent Accountant's Report on Applying Agreed-Upon Procedures on the Successor Agency to the Huntington Beach Redevelopment Agency, Except its Low and Moderate Income Housing Fund ATTACHMENT # 1 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 9/30/2011 1/31/2012 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 $ 11 ,981 $ 4,981 $ Deposits Payable 114,981 $ ]14,981 ]14,981 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: 7 $ $ $ Total Extraordinary Items $ - $ $ - $ 11,839,128 $ 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) $ - $ $ ,033, $ Long-term debt as of end of year $ 139,237,000 $ 133,399,000 $ 129,490,040 $ ]40,033,942 42 ls) $ 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. (s) 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 1484-All Other Funds Schedule of Asset Transfers to the City,County,or City and County,and Other Public Agencies or Private Parties Eslribit C S VALUE OF S VALUE OF ASSETS SOURCE DOC DATE OF TRANSFER PURPOSE OF TRANSFER BASIS FOR TRANSFER DESCRIPTION OF ASSETS RECIPIENT ASSETS TRANSFERRED NOT SUPPORTED Period oj.lan 1,2011 Ou,ngh.lan 31,Id12 Repayment of loan outstanding Health and Sgfery Code Sections 33220, City of Huntington Beach General to the City for the puchase of 33600,33601,336610 1/l/201 J Cash and Cash Equivalents Fund 409,493 land Repayment of loan outstanding Health rmd Safety Code Sections 33220, 2/26/201 I City of Huntington Beach General to the City for the puchase of 33600,33601,336610 Cash and Cash Equivalents Fund 409,483 land Repayment of loan outstanding Health and,S'afe(v Code 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 ond.Safeh,Code Sections 33220, City of Huntington Beach General to the City for the puchase of 33600,33601,336610 3/3I/201 I Cash and Cash Equivalents Fund 409,483 land Repayment of loan outstanding Health and Saj&ty('ode 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 02011-17&2011-18 and City of Huntington Beach General Resolution 42011-17 Redevelopment Agency Resolution its 387& 3/7/2011 Waterfront Fund 14,023,000 See Footnote I 388. City of Huntington Beach General Returned ro Agency on January Returned to Agency on January 31,2012 10/31/2011 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 11/30/2011 Cash and Cash Equivalents Fund 409,500 31,2012 City Of Ilunlinglon Beach General Returned to Agency On January Returned to Agency on January 31,2012 12/31/201 1 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 1/17/2012 Cash and Cash Equivalents Fund 3,276,000 31,2012 City of Huntington Beach General Returned to Agency on Janua Returned to Agency 1/31/2012 Cash and Cash Equivalents Fundf,54 S Y ry S cy on January 31,2012 f,54I,902 31,2012 Reversal of transfers to City Reversal of transfers to City made from City of Huntington Beach General made from October 201 1- October 201 I-January 2012 1/31/2012 Cash and Cash Equivalents Fund (6046,402) January 2012 Period of Feb 1,2012 through September 30,2012 W39120.1R. 5ltgter#'rent Eeotnote-1 Reyers l--o.--„R„�fe; tan-nnd- Susee--Agere,5, develepnrenFaBrea rent TOTAL 18,840,952 Footnote I The$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 18,840,952 Less:Reversal of waterfront property (14,023,000) Total value of assets transferred,net $ 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 $ 7531,775 $ 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 $ 2,717,599 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 - (B) Cost 3 Gothard/Center(Westminster Parcel) 465,059.00 - (B) Cost 4 Waterfront 14,023,000.00 - (B) 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 - (B) Cost 3 Northwest corner of Aldrich and Parkside 753,180.00 - (B) Cost 4 7872 Edinger Avenue 3,476,267.00 - (B) Cost C Long Term Receivables 1 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 (B) 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 6 Year Cash Flow/RPTTF Funding Forecast Successor Agency to Huntin ton Beach Redevelopment Agency 1 2 3 5 6 7 8 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 2009/2010 Items 41-49 Less City GF Cove Land Subtotal Transfer From 80% Fiscal Year Payment Dale Properly Tax Costs&Unpaid Allowance Over/(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 5,580,531 - (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 1,626,607 2014-15 Jun-14 4,106,000 4,074,301 125,000 (93,301) - (93,301) (93,301) Jan-15 7,970,000 3,274,560 125,000 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 93,571 412,578 412,678 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 3,240,114 125,000 740,886 296,354 444,532 444,532 Jan-17 7,970,000 4,443,626 133,309 3,393,066 1,357,226 2,035,840 2,035,840 2017-18 Jun-17 4,308,000 3,278,513 125,000 904,487 361,794 542,692 542,692 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 1/9/2013:GSH:Page 1 of 1 Exhibit C-4(Continued) Table 1 Cash-Flow/RPTTF Funding Forecast Successor Agency to Huntin ton Beach Redevelopment Agency 13 14 15 16 17 1 2 3 4 5 6 7 8 9 10 11 12 Certificate of completion Received Less City Loan Agency Less SERAF Less ROPS Repayment Other Loan Unpaid Peas Expenditures Oct Subtotal Over/ 20092010 Ilems4149 Less City GF Emerald Cove Land Subtotal Over/ Transfer From 6emi Annud Flscsl Year Payment Dale Property Tax Bond Debt Service Bond Fees Repayments Other Costs Thmughs Admin Alowance 2011Jan 2012 Costs Sublotai (Under) Repayment Repayment Loan Repayment OPA (Under) 80%Funds Annual Distribution 552,128 552,126 2011-12 Jan-12 8,260,099 2,794,176 376,786 753,510 692,378 2,653,000 250,000 188,123 5.580,531 552,125 (2,151,945) (2,151,945) 2012-13 Jun-12 3,428.588 2.689,152 371,708 2,045.779 473.892 - - - 3,917,324 (6,90,932) - - - 909) 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 ,101,095 - - 2,101,095 2,101,095 2013-14 Jun-13 4,106,000 734.936 942,420 202,549 - 143,213 - 4,916,988 3,053,012 - _ 1.526,507 - 1.526,507 Jan-14 7,970,000 3,237,642 5,160 1,496,008 34,985 - 143,213 - 4,199,301 3,(93,301 1,526,- - - (93,301) - (93,301) 2014-15 Jun-14 4,106,000 - 734,936 3,163,504 175,861 - 125,000 - 4,199.301 (93,301) - _ 2,285,222 2,285,222 Jan-15 7,970,000 3,248,400 5,160 6,000 15,000 - 125,000 - 3,399,560 4,570,440 2,272,221 412,578 - 412,578 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 - _ 132,157 - 4,537400 3,432,600 1,373,040 2,059,560 2,059,560 Jan-16 7,970.000 3.287.963 5,160 1,112,119 - 3,365,114 740,886 - 296,354 - - 444,532 - 444,532 2016-17 Jun-18 4.106,000 - 734936 2,342,492 162,686 - 133,300 - _ _ 2.035,840 - 2,036.840 Jan-17 7970,000 3302,033 5,180 1,136,433 - - 125,000 - 3,403,513 3,393066 1,361,794 3,403,513 904,487 - 361,794 542,692 542,692 2017-18 Jun-17 4,308,000 - 734,936 2,375,089 168,488 - 134,828 - _ _ 2,240,347 - 2,240.347 Jan-18 8,363,000 3,318,868 5.160 1.155,233 15,000 - 125,000 - 2,701,918 1,606,082 - 1,642,433 963,649 - 963,649 2018-19 Jun-18 4,308,000 - - 2,402,337 174,581 - 135,940 - 4,66,275 1 695,725 = 478,290 _ 2 217.435 - 2,217,435 Jan-19 8,363,000 3,345,647 5,160 1,180,528 - - 125,000 - 2,742,229 1.565,771 1,626.308 939,463 - 939,463 2019-20 Jun-19 4,308.000 - - 2,436,251 180.978 - 125,000 - 3,215,156 L565,84 = 059,138 '125,000 - 3,215,156 5,147,844 2,059,138 3088,708 3,088,706 Jan-20 8,363,000 1,878.666 5,160 1,206,330 - - _ 609,784 - - 914,677 - 914677 2020-21 Jun-20 4,308,000 - - 2,470,843 187,696 - 125,000 - 2,783,539 1,524,461 _ 3.065.861 - 3,065,881 Jan-21 8,363,000 1,875,425 5,160 1,232648 15,000 - 125,000 - 3,253233 5,109,767 2,043,906 _ 889,275 - 889275 2021-22 Jun-21 4,308,000 - - 2,506,127 194,749 - 125,000 - 2,825,876 1,482,124 - 592,850 _ _ 3,303,060 - 3,303,060 Jan-22 8,363,000 1,468,250 5,160 1259,492 - - 125,000 - 2.857,902 5,505,098 2,202.038 863,238 - 863,238 2,542,116 202,154 - 126,000 - 2,869,270 1,438,730 - 575,491 2022-23 Jun-22 4,308,000 - - _ 2,190,686 - - 3,286 030 3,288,030 Jan-23 8,363,000 1.469,250 5.160 1,286,873 - - 125,000 - 2,886,283 5,476,717 _ 836,547 - 836,547 4,308,000 - - - 2,578,825 209,930 125,000 - 2,913,755 1,394245 - 557,698 _ 3,423,623 - 3,423,623 2023-24 Jun-23 Jan-24 4,308,000 1,197,000 5.160 1,314,802 15,000 - 125.000 - 2,656 962 5.706,039 2,282,415 2,959.364 1348,636 - 539.454 - - 809,182 809,182 2024-25 Jun-24 4,308,000 - - 2,616,269 218.095 - 125,000 - - _ 3,432,631 - 3,432,631 Jan-25 8,363,000 1,168,500 5,160 1,343,289 - - 125,000 - 2,641,949 1.935,80 2,774,321 1,161,483 1,161,483 2025-28 Jun-25 4,308,000 - - 2,020.528 226,668 - 125,000 - 2,372,196 1 865,654 = 746,26 _ 4,119,392 - 4,119,392 Jan-26 8,363,000 - - 1,372,346 - - 125.000 - 1,113,149 3.194,851 2277,940 1916911 - 1.916.911 2028-27 Jun-26 4,308.000 - - 752,479 235,670 - 125.000 - 1,113,149 3,194,851 1,277,940 16 Prepared by Keyser Marston Associates,Inc. Filename:HB_CF_2013-01-09_Scenario2:CashFlow Alt:11912013:GSH:Page 1 of 4 Table 1 Cash Flow/RPTTF Funding Forecast Exhibit C-4(Continued) Successor Agency to Huntin ton Beach Redevelopment Agency 9 2 3 4 5 6 7 a 9 10 11 12 13 14 15 16 17 Certificate of Complellon Received Less City Loan Semi Annual Agency Less SERAF Less SOPS Repayment Fiscal Year Payment Date Other Loan Unpaid Pass Expenditures Oct Sublotal Overl 20092010 Items 41-49 Less City IF Emerald Cove Land Subtold Over/ Transfer From Property Tax Bond Debt Service Bond Fees Repayments Other Costs Through, Admin Alowance 2011-Jan 2012 Costs Snbtota (Under) Repayment Repayment Loan Repayment . pay payment OPA (Under) 80%Funds Annual Distribution Jan-27 8,363.000 - - 1.401.984 15,000 - 125.000 1,541,984 6821,016 2,728,406 4,092,610 2027-28 Jun-27 4,308,000 _ - - 4,092.610 752,479 245,122 125,000 1,122,601 3,185.399 1,911,240 Jan-28 8,363,000 - 1274,159 - - 1,911240 1,432,215 - - 125,000 1,557,215 6,805,785 2,722,314 4,083.471 4,083,471 202e-29 Jun-28 8,363,000 - - 752,479 255,046 - 125,000 1,132,525 3,175,475 1,270,190 Jan-29 8,363,000 - 1,463,050 _ - - 1,905,28E - 1,905,285 125,000 1,588'050 6,774,950 4,064,970 4,064,970 2o28J0 Jun-29 4,308 000 - 752,479 265,467 125,000 - - 2,709,979 _ _ Jan-30 8,363000 - 1,142,946 3,165,054 - 1,266,022 - - 1.899,033 1,BB9033 1,494,503 15,000 125,000 1,834,503 6,728,497 - 691,398 4,037,099 203oJ1 Jun-30 8.363,000 - - 752,479 276,408 125,000 2• - - 1,892,468 _ 1,153,887 3,154,113 1,892,468 Jan-31 8,363,000 - 1261,645 _ _ 1,526,584 - 125,000 1.651,584 6.711.416 - 1,028,860 2o31J2 Jun-31 _ - - - 4,026,850 4,308,000 _ 125 000 2 884,568 _ 752,479 287,897 1,165376 3,142.624 - 4,885,575 Jan-32 8,363,000 - 2.671,477 - - 1,885,575 1,559,307 - 125,000 1,684,307 6,678,693 - 1,007.216 2032-33 Jun-32 4,308,000 - - - 2871,477 - - 4,007,218 4,007216 752,479 299,960 125.000 1,177,439 3,130,561 1,878,337 1,878,337 _ � 1,252224 _Jan-33 4,308 000 - _ 1,592,684 15,000 - 125,000 1,732,684 6,630,316 2,652,126 3,978,190 2o33J4 Jun-33 4,308,000 _ - - - 3,978,190 750,675 312,627 125,000 1,188302 3,119,698 1,671,819 Jan34 8,363,000 - 1,247,879 - - 1,871,819 532,514 - - 125,000 657,514 7,705,466 3,082,194 4,623,292 4,623,292 2o34J5 Jun-34 4,308,000 - - - 325,926 - 125,000 450,926 3.857,074 Jan-35 8363,000 - 1,542,829 - - 2,314,245 - 2,314,245 8,363 OOU 2o35J8 Jun-35 4,308,000 - - 339,891 125,000 464891 3843109 � 3,345,200 - - 5,017,800 - - 5,017,800 Jan-36 8,363,000 - - - , , , 1,537.243 2,305,866 2,305,866 15,000 - 125,000 140,000 8,223,000 3,289,200 4,933,800 2038-37 Jun-36 2,227,000 _ - - - 4,933,600 - 354,554 125,000 479,554 1,747,446 698,978 - 1,048.468 Jan-37 4,323,000 _ _ - - - 1,048,468 2037-38 Jun-37 - - - - - 4.323,000 - 1,729,200 - - 2,593,600 2,593,800 Jan-38 369,950 - 125,000 494,950 (494,950) (494,950) - (494,950) _ - _ - - 0 - - _ 0 0 Total Funds Needed 6,494,023 Prepared by Keyser Marston Associates,Inc, ]7 Filename:HB_CF_2013-01-09_scenario2:CashFlow Alt:119/2013: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 1e 19 20 21 22 23 Funds On Hand-80%Tax Increment Revenues(Excluding Bond Proceeds) Payment Beginning Annual interest Transferred Use for ROPS Transferlo Fiscal Year Data Balance Earnings Proceeds Funding Taxing Entities Ending Balance 0.525% as or 9/30/2012 6,494,023 - - - - 6,494,023 2012-13 Jan-13 6,494,023 (6,494,023) 0 0 0 - 2013-14 Jan-14 - - - 0 0 - 2014-15 Jan-15 - 2015-16 - Jun-16 - 201e-17 Jan-17 - - - 0 0 - - 2017-18 Jan-16 - - - 0 0 - Jun-16 - 2018-19 - ' - 2019-20 Jan-20 - - - 0 0 - Jun-20 - 2020-21 - 2021-22 Jan-22 - - - 0 0 - Jun-22 - 2022-23 Jan-23 - - - - 0 0 - Jun-23 - 2023-24 - Jun-24 - 2024-25 Jan-25 - - - 0 0 - Jun-25 - 2025-26 Jan-26 - - - 0 0 0 0 Prepared by Keyser Marston Associates,Inc. 18 Filename:HB_CF_2013-01-09_Scenario2:CashFlow Alt:119/2013: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 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 Fiscal Year Date Balance Earnings Proceeds Funding Taxing Entities Endhg Balance 0,525% 2026-27 Jan-27 - - - _ 0 0 _ Jun-27 - - _ 0 0 _ 2027-28 Jan-2B - - - 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 _ 2031-32 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 _ 2034-35 Jan-35 - - - 0 0 - Jun-35 - - - 0 0 - 2035-36 Jan-36 - - - 0 0 - Jun-36 - - _ 0 0 _ 2038-37 Jan-37 - - - 0 0 - Jun-37 - - - 0 0 2036-37 Jan-38 - - _ 0 0 Totals (6,494,023) 0 Prepared by Keyser Marston Associates,Inc. 19 Filename:HB_CF 2013-01-09_Scenario2:Cash Flow Alt:1/9/2013: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 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 See 108 ROP81:2002 TAB Bar A Lease Rev inhaslruclure Loan Hyatt Regency 2002 TAB Arbitrage 1999 TAB Arbitrage 2002 TAB IRS 2002 TAB 1999 TAB AMBAC Master Refunding Bonds Hyatt Hilton Bank of ODA Robert Mayer Compf ance Rebate Compliance Rebale Arbitrage Rebels 2002 TAB Fiscal 1999 TAB Fiscal Confinuing Continuing Repurchase 2002 TAB 1999 TAB (Scenario 2) NY Melton Bond Debt Bowles Corp Calculation Calculation Payment Agenf Fee Agent Fee Disclosure Disclosure Agreement Bond Fees Amount Dulstanding per ROPS3 $ 16,329,113 $ 7,472,947 $ 3,649,634 $ 3,025,000 $ 30,476,694 $ 5,433,057 $ 500 $ 500 $ 528,754 $ -11537 $ 848 $ 250 $ 1,525 - $ 5,966,971 Termination Dale 8/1/2024 8/12024 911/2021 8/1/2019 - 9/3012023 11/17/2013 11/17/2013 8/12016 811/2024 811/2024 7/7/2012 7/712012 - - 201 i-12 ROPS1 Jan-12 1,835,738 74B4O88 .410,350 2.794,176 368,628 500 500 - 1,537 848 250 1,525 3,000 376,786 2012-13 ROPS2 Jun-12 1,315,369 599,044 404,584 370,175 2,689,152 387,.98 500 1,537 250 1,525 371,708 ROPS3 Jan-13 1,640,938 743,289 404,932 427,512 3,218,871 1,043,146 500 1 6001 528,7641 1,537 1 848 1 2601 1,525 1 1,677,060 2013-14 Jun-13 - - - - - 734,936 - - - - - - - - 734,938 Jan-14 1,63B4O3B 747,364 404,419 447,822 3,237,642 - Soo Soo - 1,537 848 250 1,525 - 5,166 2014-15 Jurr14 - - - - - 734,936 - - - - - - - - 734,936 J2n-15 1,827,138 749,824 405.367 468,072 3,248,400 - 500 500 - 1,537 B48 250 1,525 - 6,180 2015-16 Jun-15 - - - - - 734,936 - - - - - - - - 734,936 Jan-16 1,844,760 750,817 405,324 487.272 3,287.963 - 500 500 - 1,537 848 25U 1.525 - 5,160 2016-17 Jun-18 - - - - - 734,936 - - - - - - - - 734,936 Jan-17 1,840,760 749,699 405,760 505,834 3,302,033 - 500 500 - 1,537 848 250 1,525 - . 5,160 2017-18 Jun-17 - - - - - 734,936 - - - - - - - - 734,938 Jan-18 1,839,000 752,155 405,286 522,44E 3,318,86E - 500 500 - 1,537 B48 250 1.525 - 5,160 2018-19 Jun-18 - - - - - - - - - - " Jan-19 1,649,250 753,000 406,237 537,180 3,346,847 - 500 500 - 1,537 848 250 1,525 - 5,160 2019-20 Jun-19 - - - - - - - - - - - - - - Jan-20 1,010,750 461,750 408,166 - 1,878,666 - 500 500 - 1,537 848 250 1,525 - 5,160 2020-21 Jun-20 - - - - - - - - - - - - - " Jan-21 1,010,750 458,500 406,175 - 1,876.425 - 500 500 - 1,537 848 250 1,525 - 5,160 2021-22 Jun-21 - - - - - - - - - - - - - - Jan-22 1,003,750 464,500 - - 1,466,260 - 50D 500 - 1,637 846 250 1.525 - 5,160 2022-23 Jun-22 - - - - - - - - - - - - - Jan-23 1,006,000 464,250 - - 1,469,260 - 500 600 - 1,637 848 25D 1,525 - 6,160 2023-24 Jun-23 - - - - - - - - - - - - - Jan-24 819,000 378,000 - - 1,197,000 - 500 50D - 1,537 848 260 1.626 - 5.160 2024-25 Jun-24 - - - - - - - - - - - - Jan-25 799,500 369,000 - - 1,168,500 - 500 5DO - 1,537 848 250 1,526 - 5,160 2025-26 Jun-25 - - - - - - - - - - - - - - Jan-26 - - - - - - - - - - - - - - - 2026-27 Jun-26 - - - - - - - - - - - - - - Source:ROPS3,ROPS2 and ROPS1 Prepared by Keyser Marston Associates,Inc. 20 Filename:HB_CF_2013-01-09_Scenario2:Expenses:1/9/2013:GSH:Page 1 of 16 Table 3 Cash Flow/RPTTF Funding Forecast-Enforceable Exhibit C-4(Continued) 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 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 Sec 108 ROPSis 2002 TAB Ser A Lease Rev Infrastructure Loan Hyatt Regency 2002 TAB Arbitrage 1999 TAB Arbitrage 2002 TAB IRS 2002 TAB 1999 TAB AMBAC Maslar Refunding Bonds Hyall Hillon Bank of DDA Robert Mayer Compliance Rebate Compfance Rabale 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 Date 8/1/2024 81112024 9/1/2021 8/1/2019 — 913012023 11117/2013 11117/2013 811/2016 8/1/2024 811/2024 7/712012 7/712012 Jan-27 - - - 2027-2e Jun-27 - Jan-28 2028-29 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 2o35-36 Jun-35 Jan-3B - 2036-37 Jun-36 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 22,875 3,000 1 e,0827154 Source:ROPS3,ROPS2 and ROPS1 Prepared by Keyser Marston Associates,Inc. 21 Filename:HB CF_2o13-01-09_Scenario2: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 Line Item 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 Obligati Commplepletion le on Description Cove OPA Loan Strand Hotel 8 Bella Terra Ph II Operative ROPSi:City Cer of Repayment Mixed Use Parking Pacific City OPA Abdelmudl OPA Bella Terre Parking Affordable Hsg Agreement Operative Disallowed Pending&Infrastructure CIM Strand Additional Maker Properties 8 Rent Oifferential Infrastructure PTax Agreement(BTOJM Huntington Beach Agreements Subtotal of Other SERAF Debt SERAF Debt City GF Loan Total Other Loan Cart of Completion Group d KBB Perking CIM Group KBB Agreement Sharing 8 KBB) RP(Disallowed) (Various) Loan Repayments Obligation 2009 Obligation 2010 Repayments Repayments Amount Oulslanding per ROPS3 $ 5,676,433 $ 13,344,723 $ 1,039,285 $ 5.520,000 $ 6,000 $ 13,847,382 $ 27,438.830 $ 283,211 - $ 67,155,864 $ 3,331,300 $ 703,413 $ 17,512,346 $ 88,702,922 Termination Date 10/112030 9/30/2033 9130/2033 FY 2030-31 12/3112017 9/30/2025 7/114036 10/l/2030 - - FY 2014-15 FY 2015-16 - - 2011-12 ROPS1 Jan-12 677,903 49,576 - 4,812 - - 21,219 - 753,510 - - - 753,510 2012-13 ROPS2 Jun-12 - 685,403 49,576 20,000 6,000 1,277,600 7,200 - 2,045,779 - - - 2,045,779 ROPS3 Jan-13 702.903 49,576 2D,000 0,000 1,210,008 10,000 - - 1,998,487 - - 1.998,487 2ot3-f4 Jun Ja - 702,903 49,576 - 6,000 183,941 - - - 942,420 942,420 Jan-14 - - - - 6,000 1,490,OOB - - - 1,496,008 1,526,505 - - 3,022,513 2014-15 Jun-14 - 702,903 49,576 - 6,000 1,520,724 B64,301 - - 3,163,504 - - 3,163,504 Jan-15 - - - - 0,000 - - - - 6,000 1,841,46B 443,750 - 2,291,218 2015-18 Jun-15 - 702,903 49,576 - 6,000 1,552,055 - - - 2,310,534 - 272,221 2,562,755 Jan-16 - - - - 6,000 - 1,106,119 - - 1,112,119 - - = 1,112,119 2016-17 Jun-16 - 702,903 49,576 - 6,000 1,584,013 - - - 2.342,492 - - 2.342,492 Jan-17 - - - - 6,000 - 1,130,433 - - 1,130,433 - - - 1,136,433 2017-18 Jun-17 - 702,903 49,570 - 6,000 1,610,610 - - 2,375,089 - - 2,375,089 Jan-18 - - - - - - 1,155,233 - - 1,155,233 - - - 1,155,233 2018-19 Jun-18 - 702,903 49,570 - - 1,649,858 - - - 2,402,337 - - 2,402,337 Jarr19 - 1,180,528 1,180,528 - 1,180,528 - - - - - - 2019-20 Jun-19 - 702,903 49,576 - - 1,683,772. - - - 2,430,251 - - 2,436,251 Jan-20 - - - - - - 1,206,330 - - 1,206,330 - - - 1,208,330 2020-21 Jun-20 - 702,903 49,576 - - 1,718,364 - - - 2,470,843 - - 2,470,843 Jan-21 - - - - - - 1,232,648 - - 1,232,848 - - - 1,232,648 2021-22 Jun-21 - 702,903 49,570 - - 1,753,648 - - - 2,506,127 - - 2,506,127 Jan-22 - - - - - - - 1,25%,192 - - 1,259,492 - - = 1,259,492 2022-23 Jun-22 - 702,903 49,570 - - 1,789,637 - - - 2,542,116 - - 2,542,116 Jan-23 - - - - - - 1,286,873 - - 1,286.873 - - - 1,286,873 25 2023-24 Jun-23 - 702,903 49,576 - - 1.826,346 - - - 1 2,578,825 - - , 1,314,802 1,314,802 - - ,314,814,802 Jan-24 - - -- - _ 2024-25 Jun-24 - 702,903 49,576 - - 1,863,790 - - - 2,616,269 - - 2,616,269 Jan-25 - - - 1,343,289 1,343.289 - 1,343,289 - - � _ _ 2025-26 J-25 - 702,903 49,576 - - 1,288,049 - - - 2.020,528 - - 2,020,528 Jan-26 - - - - - - 1,372,340 - - 1,372,346 - - = 1,372,346 2026-27 Jun-26 - 702,903 49,576 - - - - - - 752.479 - - 752,479 Source:ROPS3,ROPS2 and ROPS1 ZZ Prepared by Keyser Marston Associates,Inc. Filename:HB_CF_2013-01-09_Scenario2:Expenses:1/9/2013:GSH:Page 3 of 16 Table 3 Cash Flow/RPTTFunding Exhibit C-4(Continued) Forecast-Enforceforce able 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 Item 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 II Operative ROPS1:City Certificate of Repayment Mixed Use Parking Pacific City OPA Abdelmudl OPA Bella Terra Parking Affordable Hsg Agreement Operative Completion Disallowed Pending&Infrastructure CIM Strand Additional Maker Properties& Rant Differenllal Infrastructure PTax Agreement(BTDJM Huntington Beach Agreements Subtotal of Other SERAF Debi SERAF Debt City GF Loan Total Other Loan Carl 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 $ 13.847,382 $ 27,438,830 $ 283,211 - $ 67,155,864 S 3,331,300 $ 703,413 $ 17,512,346 $ 88,702,922 Termination Dale 10/112030 9130/2033 913012033 FY 2030-31 12/3112017 913012025 7/112036 101W030 - - FY 2014-15 FY 2015-16 Jan-27 1.401,984 1,401,984 2027-28 Jun-27 - 702,903 49,578 752,479 _ - 1,401,984 Jan-28 - - - 1,432,215 1,752.479 _ _ - 752,479 2028-29 Jun-28 - 702,903 49,576 - - - 752,479 _ - 1,432,215 Jan-29 - - _ 1,483,050 1,483,050 _ - - 752,479 2029-30 Jun-29 - 702,903 49,576 - - - 752,479 - 1,463,050 Jan-30 - - - 1,494,503 1,494,503 _- - 752,479 2030-31 Jun-30 - 702,903 49,576 _ _ _ - 494,503 _ - - 1,494,503 Jan-31 - - _ 1,526,584 1,752,479 _ _ 752,479 2031-32 Jun-31 - 702.903 49,578 _ _ - 526,584 - 1.528,584 Jan-32 - - 1,559,307 1,659,307 72479 - 752,479 2032-33 Jun-32 - 702.903 49,576 - - 752,479 - _ 1,559,307 Jan-33 - - _ 1,592,684 1,592,684 - - 752,479 2033-34 Jun-33 - 702,903 47,772 592,684 _ - 1,592684 Jan-34 - - - 532,514 - - - 750,675 2034-35 Jun-34 _ _ _ - - - - - 532.514 - - - 532,514 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 70,812 23,988,423 25,492,435 21,219 - 67.628.081 1 3,367.973 715,971 71,712,025 Source:ROPS3,ROPS2 and ROPS7 Prepared by Keyser Marston Associates,Inc. 23 Filename:HB_CF_2013-01-09_Scenario2:Expenses:11912013:GSH:Page 4 of 16 Table 3 Exhibit C-4(Continued) Cash Flow/RPTTF Funding Forecast-Enforceable Obligations Based on ROPS 3 Successor Agency to Huntington Beach 44 Redevelopment Agency 30 31 32 33 34 35 36 37 38 39 40 41 42 43 ROPS3 Lim llem 17.00 18.00 22.00 23.00 24,00 26.00 26.00 27.00 28.D0 31.00 33.OD 34.00 35.D0 36.00 37.00 Convenanl Affordable Hag Enforcement Enforceable Obligation Description Pacific City Very Compliance Affordable Hag Public Agency Obligation for Successor Agency Assessment AES Employee Employee Employee Employee Low Income Units Amednallonal Jessica Latham Unfunded CAPERS Unfunded Suppl Retirement Systems Unfunded OPEB Unused Employee Compliance per PTas Valuation Van Termination layoff Termination ILeyoff Termination ILayo(1 Termination ILeyofl Disallowed Dlsallowed DlsaOov✓ed Pension(increased Retirement (PARS)Note. Liabilities CAPERS General Leave HSC 33433 Tierra Plerside Pavilion Horn Consulting Costs-Dissolution Cosle-Olssolulion Costs-Dissolution Costs-Dlssolullon (Scenario 1) (Scenado 3) (Scenarlo 3) 5%per FY) Liabilities US Bank Payable &CERBT Eamed 8 Vested West OPA Disallowed of RDA of RDA of RDA of RDA Amount Outstanding per ROPS3 $ %Sin'W $ 75,0W $ 30,0W $ 2,674,172 $ 618,160 $ 60,035 $ 252,593 $ 124,391 $ 30,W0 $ 4,0W $ S,OW $ 16,393 $ 24,483 $ 75,328 $ 9,728 Termination Dale FY 2030-31 7/20/2013 2/20/2013 NA NA 10/10/2014 NA NA 4/30/2010 NA 3/21/2012 9/30/2011 9/30/2011 12/23/2011 9/30/2011 2011-12 ROPS1 Jan-12 - 75,000 0 0 D - 0 - 10,000 5,000 - 2012-13 ROPS2 Jun-12 37,500 15.000 36,762 1 9,408 19,965 1 2,880 1 29,675 1 4,000 2,500 ROPS3 Jan-13 8,500,OD0 - - 96,476 28,952 19,965 6,222 11,460 15,000 4.000 _ 16,393 24,483 75,328 9,728 000 2013-14 Jun-13 - - - 100,260 28,952 19,965 6,222 11,460 - 4,- Jan-14 - - - - 19.965 - - 2014-15 Jun-14 - - - 105,262 28,962 19,965 6,222 11,460 - 4,000 Jan-15 - - - - - - - 15,000 _ - - - 2015-16 Jun-15 - - - 110,526 28,962 - 8,222 11,480 - Jan-16 - - - 2016-17 Jun-16 - - - 116,062 28.952 - 6,222 11,460 Jan-17 - - - - 2017-16 Jun-17 - - - 121,854 28,952 - 6,222 11,480 _ 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 - - - 148,116 28,952 - 6,222 11.460 - Jan-22 - - - 2022-23 Jun-22 - - - 166,520 28,962 - 6,222 11.460 Jan-23 - - - - - 2023-24 Jun-23 - - - 163,296 28,962 - 6,222 11,460 - Jan-24 - - - - - - 15,000 2024-25 Jun-24 - - - 171,461 28,952 - 6,222 11,460 Jan-25 - - - - - 2025-26 Jun-25 - - - 180,034 28,952 - 6,222 11,460 Jan-26 - - - - 2026-27 Jun-26 - - - 189,036 28,952 - 6,222 11,460 - - Source:ROPS3,ROPS2 and ROPS1 24 Prepared by Keyser Marston Associates,Inc. Filename:HB_CF_201A 01-09_Scenario2:Expenses:11912013:GSH:Page 5 of 16 Table 3 Cash Flow/RPTTF Funding Forecast-Enforceable Exhibit C-4(Continued) 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 ROPS3 Line Ilem 44 17.00 .18.00 22.00 23.00 24.00 25.00 26.00 27.00 26.00 31.00 33.00 34.00 35.00 36.00 37.00 Convenant Affordable Hsg Enforcement Enforceable Obligation Description Pacific City Very Compliance Affordable Hag Public Agency Obligation far Successor Agency Assessment AES Employee Employee Employee Employee Low Income Units Amednallonal Jessica Latham Unfunded CaIPERS Unfunded Suppl Retirement Systems Unfunded OPEB Unused Employee Compliance per PTax Valuallon Van Termination(Layoff Terminallon/Layoff Terminallon ILayo(1 Terminallon(Layoff Disallowed Disallowed Disallowed Pension(Increased Retirement (PARS)Notes Liabilities CaIPERS General Leave HSC 33433 Terra Pierslde Pavilion Horn Consulting Costs-Dissolution Costs-Dissolullon Costs-Dissolution Costs-Dissolution (Scenario 1) (Scenario 3) (Scenario 3) 5%per FY) LiablIflea 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 Termination Dale FY 203031 712012013 2120/2013 NA NA 1011012014 NA NA 4/3012010 NA 3/21/2012 913012011 91324,483 12275,328 91309,728 2011 Jan-27 _ _ _ _ 2027-28 Jun-27 _ - - 15,000 - _ _ - Jan-28 - - - 198,488 28,952 - 6,222 11,460 - _ _ 2028-29 Jun-28 - - - 208,412 28,952 - 6,222 11,460 Jan-2B _ _ 2029-30 Jun-29 - - - -Jan-30 218,833 28,952 - 6,222 11,460 _ _ _ zo3o-31 Jun-30 - - - - 15,000 229,774 28,952 - 6,222 11,460 - Jan-31 - - - - _ 2031-32 Jun-31 - - -Jan-32 241,263 28,952 - 6,222 11.460 - - - - - - _ _ 2032-33 Jun-32 - - - -Jan-33 253,326 28,952 - 6,222 11,460 - - - - - - _ _ 2033-34 Jun-33 - - - 265,993 - - 15,000 28,952 - 6,222 11,460 Jan-34 _ _ - 2034-35 Jun-34 - - -Jan-35 279,292 28,952 - 6,222 11,460 _ _ 2035-36 Jun-35 - - - 293,257 28,952 - 6,222 11,460 - - - - - Jan-36 _ _ _ _ 2036-37 Jun-36 15,000 Jan-37 - - - 307,920 28,952 - 6,222 11,460 _ - - - _ - - - - - _ 2037-38 Jun-37 - - - 323,316 28,952 - 6,222 11,460 Jan-38 _ _ TOTALS 5,500,Do0 112,500 15,000 4,916,870 762,160 99,825 164,652 297,960 174,675 16,000 7,500 16,393 24,483 75,328 9,72E Source:ROPS3,ROPS2 and ROPS1 Prepared by Keyser Marston Associates,Inc. 25 Fifenarne:HB_CF_2013-01-09_Scenario2:Expenses:11912013:GSH:Page 6 of 16 Table 3 Exhibit C-4(Continued) Cash Flow/RPTTF Funding Forecast-Enforceable Obligations Based on ROPS 3 Successor Agency to Huntington Beach 51 52 53 54 55 56 57 58 59 Redevelopment Agency 45 46 47 48 49 50 ROPS3LInellem 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 ROPS1: ROPSi:Affordable Compliance Services SA ROPS1&ROPS2: ROPSIndependent Hsg Compliance ABIX26 and Compliance Covenant Enforcement Covenant Enforceable Obligation Description Financial Statement CRL 33413(b)(4) ROPSi:MOU Unemplymenl Litigation Expenses A81484 Kane ABIX26 and Monitoring ROPS1&ROPS2: ROPS1&ROPS2: Enlorcemenl for ROPS2:SA Costs-Olssolullon city of Palmdale Balimer AB1484 KMA Obligations of Hsg Hsg Auth Covenant Affordable Hsg Affordable Hsg- Compliance Nagaskl ROPS1:SA ROPS1 8 e Center BA& Macias Ginl and 3349(a)(2)8(3)Bargaining Unit Luls SubtoCosts ta]OINT of RDA elal v Malosantos Disallowed Disallowed Auth Monitoring KMA Compliance KBB Grace Jones Esq &Assoc Compliance KMA-Wildlife Care Center 8 O'Connell - KBB Gomez - $ 10,863,276 Amount Outstanding per ROPS3 - $ 13,993 $ 150,000 $ 200,000 - - - _ _ _ - - - Terminallon Date - 718/2015 W8/2015 611612013 - - - 0 0 1.500 692,378 2011-12 ROPS1 Jan-12 - - 229,801 150,000 150,000 40,236 3,000 0 27,841 _ 473,892 153,202 75,000 75,000 - 13,000 _ _ _ 8,821,000 2012-13 ROPS2 Jun-12 - - _ _ - - - 13,993 _ - - 202,549 ROPS3 Jan-13 - - _ _ 20,000 - _ _ _ 34,965 2013-14 Jun-13 11,700 - _ _ 15,000 - _ 175,881 Jan-14 - _ _ _ - - _ _ 15,000 2014-15 Jun-14 - - _ - - _ _ - _ _ - 157,159 Jan-15 2015-16 Jun-15 - - - - - - - _ 162,886 Jan-16 2018-17 Jun-16 - - _ - - _ 168,488 Jan-17 - _ _ _ _ - - - _ _ 15,000 2017-18 Jun-17" - _ - - - _ 174,581 Jan-18 2018-19 Jun-16 - - - _ - - - _ _ _ - _ _ _ - 180,978 Jan-19 - 2019-20 Jun-19 - _ - - - - - _ 187,696 Jan-20 - _ _ - _ - - - _ - _ 15,000 2020-21 Jun-20 - - _ - - _ _ - - _ _ - 194,749 Jan-21 2021-22 Jun-21 - - _ - - - _ _ _ - _ _ _ - 202,154 Jan-22 2022-23 Jun-22 - - _ - - - _ _ 209,930 Jan-23 - _ _ _ _ - - - - _ _ 15,000 2023-24 Jun-23 - - _ _ - - _ _ - _ _ _ - 218,095 Jan-24 2024-25 .Jun-24 - - - _ - - - - - - Jan-25 228,888 2025-26 Jun-25 - - - _ - - - 235,870 Jan-28 - - - - - 2028-27 Jun-26 - - Source:ROPS3,ROPS2 and ROPS1 26 Prepared by Keyser Marston Associates,Inc. Filename:HB_CF_2013-01-09_Scenario2:Expenses:119/2013:GSH:Page 7 of 16 Table 3 Cash Flow/RPTTF Funding - Forecast-Enforceable Exhibit CA(Continued) Obligations Based on ROPS 3 Successor Agency to Huntington Beach Redevelopment Agency 45 46 47 48 49 50 51 52 ROPS3 Line Item 53 54 55 56 57 58 5g ROPS4 36.00 39.00 40.00 ROP51&2 ROPS1 8 2 ROPS1&2 ROP52 ROPS2 ROPS1 ROP51 8 2 ROP51 ROPSt ROP51 Legal Expenses SA Econ Analysis Compliance Services SA ROPSi&ROP82:Enforceable Obligation Description ABiX26 and Compliance Covenant ROPS2:Covenant ROP51: ROPS1;Affordable Unemplymanl Litigation Expenses A81484 Kane ABiX26 and Monitoring ROP51&ROPS2: ROPS1$ROP52: Enforcement for ROP82:SA Independent Hsg Compllance an Costs-Dlssolullon City of Palmdale Ballmer ABM4 KMA Obligations of Hsg Hsg Aulh Covenant Affordable Hsg Affordable Hsg-, Compliance Nagaskl ROP81:SA ROPS7&ROP82: &lAudll Maclas ON a dI statementR3349(a)(2@)&4(3)Bargaining UMOUnit uis Subtotal of Other of RDA etal 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 ROP53 - $ 13,993 $ 150,000 $ 200,000 Termination Dale - 7/8I2015 7/8/2015 6/15/2013 _ - - $ 10,863,276 Jan-27 - 2027-28 Jun-27 - - - _ _ _ _ Jan-28 _ _ _ _ - _ - - - - 245,122 2028-29 Jun-28 Jan-29 _ _ _ _ - - - - 255,046 2029-30 Jun-29 Jan-30 5,487 2030-31 Jun-30 _ _ _ - _ _ - - - - 28000 5,487 Jan-31 _ _ _ - - - - - - - - 276,408 2031-32 Jun-31 Jan-32 _ _ _ _ _ - - - 287,897 2032-33 Jun-32 Jan-33 _ _ _ - _ - - - - - - - 299,960 2933-34 Jun-33 15,000 Jan-34 _ _ _ _ - - - - - - - 312.627 2034-35 Jun-34 Jan-35 - _ _ _ _ - - - - - - - 325,928 2035-36 Jun-35 Jan-38 _ _ _ _ - - - - 339,891 2036-37 Jun-38 _ _ _ _ - - - - - - - - 15,000 Jan-37 - 2037-38 Jun-37 _ _ - _ _ - - _ _ - 354,554 Jan-38 _ _ _ _ _ - - - - - 369,950 TOTALS 11,700 13,993 - - 383,003 225,000 225,000 40,238 51,000 - 27,841 - - 1,500 Source:ROPS3,ROPS2 and ROPS1 Prepared by Keyser Marston Associates,Inc. 27 Filename:HB_CF_2013-01-09_Scenario2:Expenses:1/9/2013:GSH:Page 8 of 16 Table 3 Exhibit C-4(Continued) Cash Flow/RPTTF Funding Forecast-Enforceable Obligations Based on ROPS 3 Successor Agencyto 69 70 Ti 72 Huntington Beach 6q 65 66 67 68 60 61 62 63 49-00 Redevelopment Agency ,M 00 45-00 48.00 47.00 48.00 ROPS3 Line item 41.00 42.00 43.00 Plerslde Hotel Development of Third Block West Second Block Alley Retali&Perking Huntington Center P Enforceable Obligation Description Land Right of Way Main Pier RP Ph If Cownlown Main Pier Relocation,Property&street Imp Project Strand Project Structure Relocation Walerlronl CPlan Strand Pro o unpaid Pass Acq Costa Land Acquisition Land Acq Acq&Project Costs Property Acq Relocation Coals Costs Disallowed Master Site Plan Properly Acq Costs Disallowed Pending Disallowed Pending Disallowed Pending Disallowed Pending Disallowed Pending Disallowed Pending Pending Carl of DisalWad Pending Dlssil"ad Pending Costs $ wanc,4 $ 196,737,787 Cart of Completion Ced of Completion Cart of Completion Cart of Completion Cart of Complallon Cart of Compialion Completion cart $rl of Completion E Cart of CO 475i988 $ Other 1 233,716 $Througha Admin Nlowance Costs Subtotal 555,243 $ 14,971,453 $ 345,206 $ 87,501 $ _ - Amoun10u1s1andingperROPs3 $ 4,418,384 $ 5,150,543 $ 3, 101112030 101112030 101112030 101112030 - Termination Dale 10/l/2030 10/12030 10/12030 10/l/2030 10/112030 _ 892,378 2,653,OOD 250,000 7,519,850 - - _ _ 473,892 - - 5,560,531 2011-12 ROPS1 Jan-12 - - _ _ - - _ 0,821,000 - 310 06 13,917,324 2012-13 ROP82 Jun-12 - - _ _ - 202,549 - 125,000 2,004,905 ROPS3 Jan-13 65- - - 143,213 6,443,493 2013-14 Jun-13 _ _ 5,8 17 ,861 125,000 4,199,301 Jan-14 - - _ - - _ 125,000 5,694,778 2014-15 Jun-14 - _ _ _ - 50,730 - _ 125,000 3,693,422 Jan-15 - 535 136 631 26,289 22,437 250,730 132,157 5,910,440 2015-18 Jun-15 6,645 7,983 0.859 40,505 _ 125,000 3,661,46E Jan-18 100,444 117,142 80,859 340,504 7,851 1,990 9,99 383,260 371,062 1459,040 21,680 25,284 17,452 73,494 1,695 430 1,999 83,260 71,062 133,309 5,934,160 2016-17 Jun-18 9,155 381,309 325,444 11357,226 125,000 - 31765,309 Jan-17 99.287 115,793 79,926 336,583 2,061 169 524 2,440 101,645 86,753 530,283 134,828 6,122,653 2017-18 Jun-17 26,467 30,867 21,306 89,723 8,54D 2,165 10,074 419,613 358,138 1,508,565 125,000 3,344,351 Jan-18 109,261 127,424 87,957 370,394 931 4,333 180,490 154,048 478,0 135.940 6,145,565 2018-19 Jun-18 46.997 54,010 37,833 159,319 3,453 _ 125,000 3,368,537 100,144 128,121 07,057 368,808 0,453 2,143 9,971 415,321 354,473 1,478,290 Jan-19 3,581 908 4,225 175,959 150,180 807,286 125,000 5,274,294 2019-20 Jun-19 45,817 53,434 36,884 155.320 905 13,089 578,509 493,752 2 059,138 125,000 3,393,323 Jan-20 150 636 175,677 121,264 510,852 11,487 2 884 4,113 171,317 146,216 797,480 125,000 5,297,139 2020-21 Jun-20 44.609 52,024 35,910 151,222 3,4872,058,906 _ 125.000 3,418,725 Jan-21 149,521 174,377 120,367 506,875 11,687 90 2,962 859 13,999 166,559 142,157 2 787,596 125,000 5,059,940 50,579 34,913 147,023 3,390 2021-22 Jun-21 43,370 3,192 14,853 161,683 137,995 2,777,646 125,000 3,444,762 Jan 22 161,090 187,868 133,891 142,716 13,592 834 3,662 161,683 137,995 777,846 125,000 5,076,970 2022-23 Jun-22 42,100 49,098 33,891 143,275 3,291 _ 125,000 3,471,453 Jan-23 160,259 186,900 129,011 138,305 13,189 3808,175 13,762 8156,684 133,728 27607628 125,000 4,939,377 2023-24 Jun-23 40,798 47,580 32,843 138,305 3,169 13 3,308 15,395 641,238 547,291 2,297,415 _ 125,000 31498,818 Jan-24 166,970 194,728 134,412 566,023 ,051 782 3,639 151,558 129,353 757,548 125,000 4,930,369 2024-25 Jun-24 39,464 46,024 31,769 133,781 3,0852,288,420 _ 125,000 4,930,369 .5,436 217,543 185,671 1,000,989 Jan-25 187,409 195,238 134,768 567.512 13,086 3,317 15,438 642,925 548,731 125,000 4,243,608 1,122 2025-26 Jun-25 58,645 66,062 45,600 192,026 4,704 3,980 18,524 771,555 658,515 2,746,262 _ 125000 2,391,089 Jan-26 200,902 234,299 161,729 661,054 15,704 1852 8820 359,034 306,432 1.513,610 2026-27 Jun-26 93,467 109026 75,258 316,920 7,307 Source:ROPS3,ROPS2 and ROPS1 28 Prepared by Keyser Marston Associates,Inc. Filename:HB_CF_2013-01-09_Scenarlo2:Expenses:1/9/2013:GSH:Page 9 of 16 Table 3 Cash Flow/RPTTF Funding Forec Obligations Based on Exhibit C-4(Continued) Obligations Based on BOPS 3 Successor Agency to Huntington Beach ' Redevelopment Agency 60 61 62 63 64 65 66 67 6E 69 70 71 72 ROPS3 Line Ilem 41.00 42.00 43.00 44.00 45-00 48.00 47.00 48.00 49.00 Hunlin ton Center Plerside Hotel 9 Development of Third Block West Second Block Alley Retail$Parking Enforceable Obligation Descdplion Lend Right of Way Main Pier RP Ph it Downtown Main Pier Relocation,Property 8 Street Imp Project Strand Project Structure Relocation Waterfront Comml Strand Project Acq Costs Land Acqulsillon Land Acq Acq 8 Project Costs Property Acq Relocation Costs Costs Disallowed Masler Site Plan Properly Acq Costs Disallowed Pending Disallowed Pending Disallowed Pending Disallowed Pending Disallowed Pending Disallowed Pending Pending Ced of Disallwed Pending Disallowed Pending Unpaid Pass Ced of Completion Ced of Completion Carl of Completion Carl of Completion Carl of Completion Ced of Completion Completion Carl of Completion Can of Completion Other Costs Throughs Admin Allowance Costs Subtotal Amount Outstanding per ROPS3 $ 4.416,384 $ 5,150,543 $ 3,555,243 $ 14.971,453 $ 345,208 $ 87,501 $ 407.212 $ 16,960,908 $ 14,475,98E $ 71,233,716 $ Termination Dale 101112030 101112030 10/112030 101112030 10/112030 1011/2030 101112030 10/112030 101112030 - $ 357,464 $ 198,737,787 Jan-27 199,596 232.778 180,677 876,626 15,601 3,955 18,404 766.538 654,234 2,743,40E 2027-28 Jun-27 93,211 108,708 75,038 315,983 7,2B6 1,847 8,594 357,971 305,52E 1,519,281 125,000 4,270,390 Jan-28 199.150 232,25E 160,318 675,115 15,567 3,946 1B,363 764,826 652,773 2.72231q 125,000 2,396,760 2028-29 Jun-28 92,920 108,367 74,802 314,998 7,263 1,841 8,58E 356,85E 304,574 1,525,23E 125,000 4,279,529 Jan-29 198.248 231,204 159,592 672.056 15,496 3,928 18,279 761,361 649.015 2,709,979 125,000 2,402,715 2029-30 Jun-29 92,615 108,011 - 74,557 313,965 7,239 1,835 8,540 355.685 303,574 1,531,408 125,000 2,408,967 Jan-30 196.889 229,618 158,498 667.446 15,390 3,901 18,154 756,141 645,360 2.708,396 125,000 4,325,901 2030-31 Jun-30 92,295 107,638 74,299 312,879 7,214 1,829 B,51D 354,456 302,525 1,538,053 125,000 2,415,532 Jan-31 196,389 229,036 15B4O95 665.754 15,351 3,891 18,108 754,221 843,722 2,884,56E 125,000 4,336,160 2031-32 Jun-31 91,959 107,24E 74,028 311,739 7,188 1,822 8,479 353,184 301,423 1,544,94E 125,000 2,422,425 Jan-32 195,431 227.919 157,325 662,508 15,276 3,872 18,020 750,544 840,583 2,871471 125.000 4,355,794 2032-33 Jun-32 91,606 106,834 73,744 310,543 7,160 1,815 8,447 351,809 300,266 1,552,184 125,000 2,429,663 Jan-33 194,01E 226,268 156,185 657,709 - 125,000 4,384,810 2033-34 Jun-33 15,185 3,844 17,889 745,107 835,943 2,687,12E 125,000 4,384,810 91,288 106,464 73,488 309,465 7,13E 1,809 8,417 350.588 299,224 1,560,50E Jan-34 225,477 262,959 181,512 764,363 17,624 4,467 20,790 865.934 739,087 3,082,194 125,000 3,739,708 2034-35 Jun-34 112,885 131.627 90,858 382,611 8,822 2,23E 10,407 433,453 369,949 1,888.755 125,000 , 3, 0 Jan-35 244,717 285,398 197,000 829,567 19,128 4,849 22,564 939,825 802.132 3,345,200 125,- 3,345,200 2035-36 Jun-35 112,457 131.151 90,529 381,226 8,790 2,228 10,369 431,884 368,609 1,677,134 - 2,002,134 Jan36 240,621 280,620 193,703 815,699 18,808 4,767 22,18E 924,092 7B8,704 3,304,200 125,000 3,429,200 2036-37 Jun-36 51,134 59,634 41,163 173,342 3,997 1,013 4,715 196,376 167,605 1,053,532 125,000 3,429,Y00 Jan-37 128,499 147,528 101,833 428.830 9,888 2,508 11664 485,814 414,63E 1,729,200 125,000 1,.178,532 2037-38 Jun-37 _ - - - - - 1,729,200 Jan-38 _ _ - _ _ - - - 369,950 - 125,000 494,960 TOTALS 5,221,58E 6,089,597 4,203,440 17,701,069 408,146 103,454 481,455 20,053,244 17,115,270 85,549,80E 2653,000 6,483,553 209,957,982 Source:ROPS3,ROPS2 and ROPS1 Prepared by Keyser Marston Associates,Inc. 29 Filename:HB_CF_2013-01-09_Scenario2:Expenses:1/9/2013:GSH:Page 10 of 16 Table 3 Cash Flowr RPTTF Funding Exhibit C-4(Continued) Forecast-Enforceable obligations Based on ROPS 3 Successor Agency to IN Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Huntington Beach Waterfall Waterfall Waterfall Waterfall Waterfall Redevelopment Agency , 1 2 3 4 5 8 7 8 9 10 11 12 13 14 ROPS3 Line Item WATERFALL SUBTOTALI Enforceable Obligation Description Semi 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 Starling Bond Debt Wthout SERAF ROPS3 Line Item Taxing Entity SERAF Debt Less SERAF SERAF Debt Available After w ROPS 5 Sawlce Bond Fees and City GF Loans Obllgallons 4149 Admin Allowance Over/(Under) Distribution at Obligation 2009 Add Interest Subtotal 2009 Repayment Obllgation 2009 2009 SERAF Amount Outstanding per ROPS3 50% 0.53% 100.00% _ of Available Termination Dale 2011-12 ROPS1 Jan-12 2012-13 ROPS2 Jun-12 ROPS3 J an-13 2013-14 Jun-13 - Jan-14 7,970,000 3,237,642 5,160 1,496,008 34,965 143.213 3,053,012 1,526,505 3,331,300 17,489 3,348,789 (1,528,505) 1,822,284 2014-15 Jun-14 4,106,000 - 734,936 3,163,504 175,861 125,000 (93,301) - 1,822,284 9,567 1,831,851 - 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 1,841,468 (1,841,468) - 443,750 2015-16 Jun-15 4,106,000 - 734,936 2,310,534 157,159 125,000 77B,371 389,185 - - - - - 389,1B5 Jan-16 7,970,000 3,287,963 5,160 1,112,119 - 132,157 3,432,600 1,716,300 - - - - - 1,716,300 2016-17 Ju,16 4,108000 - 734,936 2.342,492 162,666 125,000 740,686 370,443 - - - - - 370,443 Jan-17 7,970,000 3,302,033 5,160 1,136,433 - 133,309 3,393,066 1,696,532 - - - - - 1,696,532 2017-1e Jun-17 4,308,000 - 734,936 2,375,069 166,46B 125,000 904,487 452,243 - - - - 452,243 Jan-18 8,383,000 3,316,868 5,160 1,155,233 15,000 134,828 3,733,912 1,866,956 - - - - - 1,868,956 201e-19 Jun-18 4,308,000 - - 2,402,337 174,581 125,000 1,606,082 803,041 - - - - - 803,041 Jan-19 8,363,000 3,345,647 5,160 1,160,528 - 135,940 3,695,725 1,647,862 - - - 1,647,862 2019-20 Jun-19 4,308,000 - - 2,436,251 180,978 125,000 1,565,771 762,885 - - - - - 782,685 Jan-20 B,363,000 1,878,666 5,160 1,206,330 - 125,000 5,147,844 2,573,922 - - - - - 2.573,922 2020-21 Jun-20 4,308,000 - - 2,470,843 187,696 125,000 1,524,461 762,230 - - - - - 762,230 Jan-21 8,363,000 1,875,425 5,160 1,232,648 15,000 125,000 5,109,767 2,554,883 - - - - - 2,554,BB3 2021-22 Jun-21 4,308,000 - - 2,506,127 194,749 125,000 1,482,124 741,062 - - - - - 741,062 Jan-22 8,363,000 1,468,250 5,160 1,259,492 - 125,000 5,505,098 2,752.548 - - - - - 2,752,548 2022-23 Jun-22 4,308,000 - - 2,542,116 202,154 125,000 1,436,730 719,364 - - - - 719,364 Jan-23 8,363,000 1,469,250 5,160 1,266,873 - 125,000 5,476,717 2,738,358 - - - - - 2,738,358 2023-24 Jun-23 4,306,000 - - 2,578,825 209,930 125,000 1,394,245 697,122 - - - - - 697,122 Jan-24 8,363,000 1,197,000 5,160 1,314,802 15,000 125,000 5,706,038 2,853,019 2,853,019 - - - - - 317 2024-25 Jun-24 4,308,000 - - 2,616,269 218,095 125,000 1,348,838 674,317 - - - - i 674 0,525 Jan-25 8,363,000 1,168,500 5,160 1,343,289 - 125,000 5,721,051 2,860,525 - - - 2,860,525 2025-26 Jun-25 4,308,000 - - 2,020,528 226,668 125,000 1,935,804 967,901 - - - - 967,901 Jan-26 6,363,000 - - 1,372,346 - 125,000 6,B65,654 3,432,627 - - - - - 3,432,627 2026-27 Jun-26 4,306,000 - - 752.479 235,670 125,000 3,194,651 1,597,425 - - - - - 1,597,425 Source:ROPS3,ROPS2 and ROPS1 30 Prepared by Keyser Marston Associates,Inc. Filename:HB_CF_2013-01-D9_Scenario2:Expenses:1/9/2013:GSH:Page 11 of 16 Table 3 Cash Flow/RPTTF Funding Forecast-Enforceable Exhibit CA(Continued) 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 Enforceable Obligation Description Seml Annual SUBTOTALI SubT of Other SubT of Other Available Above WATERFALL Starting Property Taz Loan Repayments Costs without FY 2012-13 Beg Balance End Balance SUBTOTALStarting Bond Debi without SERAF ROPS3 Line Item Tazing Entity SERAF Debt Less SERAF SERAF Debt Available After w ROPS 5 Service Bond Fees and City GF Loans Obligations 41-49 Admin Allowance Over/(Under) Dlstrlbutlon at Obligation 2009 Add Interest Subtotal 2009 Repayment Obligation 2009 2009 SERAF Amount Outstanding per ROPS3 5 Tem Inatlon Dale 0% 0.53% 100.00% of Available Jan-27 8.363,000 - - 1,401.984 15.000 125,000 6,821.018 3,410,507 - 3,410,507 2027-28 Jun-27 4,308,000 - - 752.479 245,122 125,000 3.185.399 1.592.699 - 1,592,899 Jan-28 8,363,000 - - 1.432,215 - 125,000 6.805,785 3,402,892 2028-29 Jun-28 4,308,000 3,402,892 - - 752.479 255,046 125.000 3,175,475 1,587,737 - 1,587.737 Jan-29 8,363,000 - - 1,463,050 - 126,000 6,774.950 3.387,474 - 3,387.474 2029-30 Jun-29 4,308.000 - - 762,479 285,467 125,000 3,165.054 1,582,527 - 1.582.627 Jan-30 8.363.000 - - 1,494,503 15,000 125,000 6.728,497 3,384,248 3,364,248 2030-31 Jun-30 4,308,000 - - 752,479 278,408 125,000 3.164,113 1,677,058 - 1,577,066 Jan-31 8,383,000 - - 1,526,684 - 125.000 6,711.416 3,366,708 - 3,355.708 2031-32 Jun-31 4,308,000 - 762,479 287.897 126.000 3.142,624 1,571,311 - 1,571,311 Jan-32 8,363,000 - - 1,559.307 - 125.000 6,678,693 3,339,346 3,339,346 2032-33 Jun-32 4,308.000 - - 752,479 299,960 125,000 3.130.561 1,585.280 - 1,585,280 Jan-33 8,363,000 - - 1,592.684 15,000 125,000 6.630.316 3,315.167 3,315.157 2033-34 Jun-33 4,308,000 - - 750,675 312,627 125,000 3,119,698 1,559,849 - - 1,559,849 Jan-34 8,363,000 - - 532,514 - 125,000 7,706.486 3,852,743 3.852,743 2034-35 Jun-34 4,308,000 - - - 325,926 125,000 3,857,074 1,928,538 - 1,928,538 Jan-35 8,363.000 - - - - - 8,383.000 4,181,500 1,92 ,536 2035-36 Jun-35 4,30B4O00 - - - 339.891 125,000 3,843.109 1,921,554 - - 1,181,500 Jan-38 8,363,000 - - - 54 15.000 125,000 8,223,000 4.111,500 4,111,500 2036-37 Jun-36 2,227,000 - - - 364.554 125,000 1,747,446 873,723 - 873,723 Jan-37 4.323,000 4.323,000 2,161,500 _ _ 2,181,500 2037-38 Jun-37 - - - - 369,950 125,000 (494,950) - Jan38 - - - - - TOTALS Source:ROPS3,ROPS2 and ROPS1 Prepared by Keyser Marston Associates,Inc. 31 Fllenanne:HB_CF 2013-01-09_Scenarlo2:Expenses:1/9/2013: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 6 Siree(Imp SERAF Debt Less SERAF SERAF Debt Available for Non Obligation Less Line Items land Righl of Way Main Pier RP Ph Downtown Main Property Acq& Prbject Property Strand Project Obligation 2010 Add Interest Subtotal 2010 Rspeymen( Obligation 2010 at Items 41-49 Add Interest Subtotal 41-09 Repayment Acq Coals it Land Acquisition Pler Land Acq Project Costs Acq Relocation Costs Amount Outstanding per ROPS3 0.53% 100.00% 90.00% 1.91% 100.00% 7.3% 8.5% 5.9% 24.8% 0.6% 0.1% Termination Dale of Available of Available 296.498 345,786 238.664 1.005,122 23.176 5,874 2011-12 ROPS1 Jan-12 2012-13 ROPS2 Jun-12 ROPS3 Jan-13 2013-14 Jun-13 Jan-14 701413 3,693 707,105 - 707,105 - 60,370,440 1,150,057 61,520,497 - - - 20WIS Jun-14 707,105 3,712 710,818 - 710,816 - 61,520,497 1,171,965 62,692,462 - - Jan-15 710,818 3.732 714,550 (443,750) 270,800 - 62,692,462 1,194,291 63.886,754 - - - 2015-16 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) (7,963) (5,510) (23,205) (535) (136) Jen-16 - - - - - 1,373,040 65,010.225 1,238,445 66.248,670 (1,373,040) (100,444) (117,142) (60,859) (340,504) (7,851) (1,990) 2016-17 Jun-16 - - - - - 296,354 64,875,630 1,235,881 66,111,511 (296,354) (21,680) (25,284) (17,452) (73.494) (1,695) (430) Jan-17 - - - - - 1,357,226 65,815.157 1,253,779 67,068,935 (1,357,226) (99,287) (115,793) (79,928) (336,583) (7,761) (1,967) 2017-18 Jun-17 - - - - - 361,794 65,711,710 1,251,806 66,963,518 (361.794) (26.467) (30,867) (21,306) (89,723) (2,089) (524) Jan-18 - - - - - 1,493,565 66,601,723 1,266,763 67,870,486 (1,493,585) (109,261) (127,424) (87.957) (370,394) (8,540) (2,165) 201e-19 Jun-18 - - - - - 642,433 66,376,921 1,264,480 67,641,402 (642,433) (46,997) (54.810) (37,833) (159,319) (3,674) (931) Jan-19 - - - - - 1,478,290 66,998.969 1.276,330 68,275,299 (1,478,290) (108,144) (126,121) (87,057) (366,606) (8,453) (2,143) 2019-20 Jun-19 - - - - - 626,308 66,797,010 1,272,483 68,069,493 . (626,308) (45,817) (53,434) (36,884) (155,320) (3,581) (908) Jan-20 - - - - - 2,059,138 67,443,185 1,284,793 68,727,977 (2,059,138) (150,836) (175,677) (121,264) (510,652) (11,774) (2,985) 2020-21 Jun-20 - - - - - 609,784 66,668,840 1,270,041 67,938,881 (609,764) (44,609) (52,024) (35,910) (151,222) (3,487) (884) 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) (11,687) (2,962) 2021-22 Jun-21 - - - - - 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 67,243,077 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 1,283,434 67,585,454 -(575,491) (42,100) (49,098) (33,891) (142,718) (3,291) (834) Jan-23 - - - - - 2,190,686 67,009,963 1,276,540 68,286,503 (2,190,686) (160.259) (188,900) (129,011) (543,275) (12,527) (3,175) 2023-24 Jun-23 - - - - - 557,698 66,095,816 1.259,125 67,354,941 (557,698) (40,798) (47,580) (32,843) (138.305) (3,189) (808) Jan-24 - - - - - 2,282,415 66,797,244 1,272,487 68,069,731 (2,282,415) (166,970) (194,726) (134,412) (566,023) (13,051) (3,308) 2024-25 Jun-24 - - - - - 539,454 65,787,316 1,253,248 67 040,565 (539,454) (39,464) (46.024) (31,769) (133.781) (3,085) (782) Jan-25 - - - - - 2,288,420 66,501,111 1,266,846 67,787,957 (2,288,420) (167,409) (195,238) (134,766) (567,512) (13,086) (3,317) 2025-26 Jun-25 - - - - - 774,321 65,479,537 1,247.365 68,726,922 (774.321) _ (56.845) (66,062) (45,600) (192,026) (4,428) (1,122) Jan-26 - - - - - 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-26 - - - - - 1,277,940 64,462,737 1.228,015 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-Dt-09_Scenario2:Expenses:11912013:GSH:Page 13 of 16 Table 3 Cash Flow/RPTTF Funding Forecast-Enforceable Exhibit C-4(Continued) 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 Llne Item 41.00 42.00 43.00 44.00 45.00 46.00 Enforceable Obligation Description WATERFALL Third Block West Second Block Beg Balance End Balance SUBTOTAL 3 Beg Balance Huntington Center Development of Relocation, Alley&Street Imp SERAF Debt Less SERAF SERAF Deb[ Available for Non Obligation Less Line Items Land Right of Way Main Pier RP Ph Downtown Main Property Acq& Project Property Strand Project Obligation 2010 Add interesl Subtotal 2010 Repayment Obligation 2010 at Items 41-49 Add Interest Subtotal 41-49 Repayment Acq Costs ,II Lend Acquisition Pier Land Acq Project Costs Acq Relocation Costs Amount Outstanding per ROPS3 0.53% 100.00% 80.00% 1.91% 100.00% 7.3% B.5% 5.9% 24.B% 0.6% 0.1% Termination Dale of Available of Available 296,498 345,786 238,684 1,005,122 23,176 5,874 Jan-27 - _ - - - 2,728,406 64,412,812 1,227,064 65,639,876 (2,728,406) (199,596) (232,776) (160,877) (676.626) (15,601) (3,955) 2027-28 Jun-27 _ _ _ _ _ 1,274,159 62.911.471 1,198,464 64.109,934 (1,274,159) (93,211) (108,706) (75,036) (315,983) (7,286) (1,847) 2028-29 Jun-28 Jan-28 = _ - - - 2,722,314 62,835,775 1,197,022 64.032,796 (2,722,314) (199,150) (232,256) (160,318) (675.115) (15,567) (3,946) - - -Jan-29 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) - - - -2029-30 Jun-29 2,709,979 61,208,258 1,166,017 62,374,275 (2,709,979) (198,248) (231,204) (159,592) (672,056) (15,496) (3,928) - - -Jan-30 1,266,022 59,664,296 1,136,605 60.800,901 (1,266,022) (92,615) (108,011) (74,557) (313,965) (7,239) (1,835) - - - - -2030-31 Jun-3 2,691,398 59,534,879 1,134,139 60,669,019 (2,691.398) (196,889) (229,618) (158.498) (667,448) (15.390) (3,901) Jan-31 - - - - 1,261 645 57,977,620 1.104,474 59,082,094 (1,261,645) (92,295) (107,638) (74,299) (312,879) (7,214) (1,829) - - - - 2,684,566 57,820.449 1,101,480 58,921,929 (2,684,566) (196.389) (229,036) (158,095) (665,754) (15,351) (3,891) 2031-32 Jun-31 - - - - 1,257,049 56,237,362 1,071,322 57,308,684 (1,257,049) (91.959) (107,246) (74.028) (311,739) (7,188) (1,822) Jan-32 - - - - - 2,671,477 56,051,635 1,067,7B4 57,119,419 (2,671,477) (195.431) (227,919) (157.325) (662,508) (15,276) (3,872) 2032-33 Jun-32 - - - - - 1,252,224 54,447.942 1.037,233 55,485,175 (1,252,224) (91,606) (106.834) (73,744) (310,543) (7,160) (1,815) Jan-33 - _ - - - 2.652,126 54,232,951 1,033,138 55,266,089 (2,652,126) (194,016) (226,268) (156,185) (657,709) (15,165) (3,844) 2033-34 Jun-33 - - - - 1,247,879 52,613,963 1,002,296 53,816.259 (1,247,879) (91,288) (106,464) (73,488) (309,465) (7,136) (1,809) Jan-34 - - - -2034-35 Jun-34 3,082,194 52,368,380 997,618 53,385.998 (3,082,194) (225,477) (262,959) (181,512) (764,363) (17.624) (4,467) - - - -Jan-35 1,542,829 50,283,804 957,906 51,241,710 _(1,542,829) (112,865) (131,627) (90,858) (382,611) (8,822) (2,236) - - - - -z93s36 Jun-35 3,345,200 49,698,881 946,764 50,845.645 (3,345,200) (244,717) (285,398) (197,000) (829,587) (19,128) (4,849) 1.537,243 47,300,445 901,073 48,201.518 (1,537,243) (112,457) (131,151) (90,529) (381,226) (8,790) (2,228) Jan-36 - - - - - 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) Jan-37 - - - - - 1,729,200 44,408,281 845,978 45,254,259 (1,729,200) (126,499) (147,528) (101,833) (428,830) (9,888) (2,500) 2o37ae 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 Prepared by Keyser Marston Associates,Inc. 33 Filename:HB_CF_2013-01-09_Scenar)o2:Expenses:1/9/2013:GSH:Page 14 of 16 Table 3 Exhibit CA(Continued) Cash Flow/RPTTF Funding Forecast-Enforceable Obligations Based on ROPS 3 Successor Agency to 41 42 43 44 45 46 47 Huntington Beach Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall all Waterfall all Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall 31 32 33 34 Redevelopment Agency , ROPS3 Line Item 47.00 48.00 49.00 WATERFALL WATERFALL Beg Balance Less End Balance WATERFALL Plarside Hotel SUBTOTAL-4 Emerald Cove Emerald Cove SUBTOTAL 6 -Enforceable Obligation Description End Balance SUBTOTAL 5 Emerald Cove City Loan City Loan Remaining Retail&Parking Strand Project End Balance Available to Beg Balance Lass City GF City GF Loan Remaining City Loan Structure Waterfront Comml Propedy Acq Obligation Repay City GF City GF Loan 0,53% 100.00% Relocation Costs Master Sile Pian Costs Items 41-09 Loans Repayment Add Interest Subtotal Repayment Repayment Repayment Available Repayment Add Interes t Subtotal Repayment Repayment Available 0.53% of Available Amount Outstanding per ROPS3 0.71Y. 28.1% 24.0% of Available Termination Dale 27,339 1,138,686 971,859 2011-12 ROPS1 Jan-12 •city staff to add accrued interest to ROPS5 period 2012-13 ROPS2 Jun-12 ROPS3 Jan-13 29,801 5.708,234 - 5.706,234 zot 3-ta Jun-13 17,604,286 - 5,676,433 _ 5,738,192 61,520,497 17,512,346 91,940 17,604,286 - 17,696,708 - 5,706.234 29,958 5.736.192 Jan-14 17,604,286 92,423 17,696,708 - - 5,766,307 82,692,462 - 17,789,616 - 5,766,307 30,273 5,796,580 2014-15 Jun-14 - � _ g3,886,754 - 17,696,708 92,908 17,789,616 - - 5,796,580 Jan-15 - " 17,883,012 5,766,307 30,273 5,796,580 22,437) 65,010,225 - 17,789,816 93,395 17,883,012 5,798,580 30,432 5.827,012 5,827012 2015-16 Jun-15 (631) (26,289) ( 17,883,012 93,8a6 17 976.897 - 17,976,897 - _ 5,857,604 Jan-16 (9,261) (385,752) (329,236) 64,875,630 - - 18,071,276 - 5,827,012 30,592 5,857604 17,978,897 94,379 10,071,276 5,857,604 30,752 5,888,356 5,888,356 2016-17 Jun-16 (1,999) (83,260) (71,002) 65,815,157 - 18,071,276 94,874 18,166,150 - 18,168,150 - _ 5,919,270 - Jan-17 (9,165) (381309) (325,444) 65,711.710 - _ 18,261,523 - 5,888,356 30.914 5,919,270 18.166,150 95,372 18,261,523 5,919,270 31,076 5,950,346 5,950,346 2017-18 Jun-17 (2,440) (101645) (86,753) 66,601,723 18.261,523 95,873 18,357,396 - 18.357,398 - - 5,981,586 - 774292 Jan-18 (10,074) (419,613) (358,136) 66,376,921 - - 18,453,772 - 5,981,586 31,403 6,01 ,986 18,357,396 96,376 16,453,772 5,981,586 31,403 6,012,989 6,012,909 2019-19 Jun-18 (4,333) (180,490) (154,046) 66,998,969 18.357,396 96,882 18,560 654 - 18,550,654 - _ 0,044,557 - Jan-19 (9971) (415,321) (354,473) 66,797,010 - _ 18,648,045 - 6044,557 31,734 6,076,291 18,550,654 97,391 18,648045 8,044,557 31,734 6076,291 6,078,291 2019-20 Jun-19 (4,225) (175,959) (150,180) 67,443,185 10,648,045 97,902 18,745 947 - 18,745,947 - _ 6.108,192 - Jan-20 (13,889) (578,509) (493,752) 66,668640 - _ 18,844,364 - 6,076,291 31,901 6,106,192 171,317) (146.218) 87,329,097 - 18,745947 98.416 18,844,364 _ 6,108,192 32,068 6,140,260 6,172,460 2020-21 Jun-20 (4,113) ( 16,644,364 98,933 18,943,296 - 18,943,296 - 6,172,496 Jan-21 (13,787) (574,230) '490,100) 66,567,810 - _ 19,042,749 - 8,14g20p 32,236 6,172,496 18,943296 99,452 19.042,749 6,172,498 32,406 6,204,902 6,204,902 2021-22 Jun-21 (3,999) (166,559) (142,157) 67,243,077 - 18,943,296 99,974 19,142,723 - 19.142,723 - - 6,237,477 - Jan-22 (14,853) (616657) '528,01 S) 66,322,019 - 19,243,222 _ 6,204,902 32,576 6,237,477 - 19,142,723 100,499 19.243,222 6,237,477 32,747 6,270,224 6,270,224 2022-23 Jun-22 (3,882) (161683) (137,995) 67,009963 19,142,123 101027 19,344,249 - 19,344,249 - _ 6,303,143 - Jan-23 (14,777) (615,467) (525,296) 66,095,816 - _ 19,446,807 - 6,270,224 32,919 6,303,143 - 19,344,249 101,557 19,445.807 6,303,143 33.092 6,336,234 6,336,234 2023-24 Jun-23 (5,395) (641,238) (547,291372 ) 65,787,316 19,445,807 102,090 19,547,897 - 19,547,697 - - 6,369,500 - Jan-24 (15,395) (151,556) (129,35) 66,501,111 - - 19,650.524 - 6,369,600 33,440 6,402,939 - 19,547,897 102,626 19,650,524 6,369,500 33,440 6,402939 8,402,939 2024-25 Jun-24 (3,639) (151,558) (129,353) 66,501,111 19,650,524 103,165 19,753,689 - 19,753,689 - _ 6.436,555 - Jan-25 (15,436) (842,925) (548,731) 65,479,637 - _ 19,857,396 - 6,402,939 33,615 6,436,555 5 217,543 185,671) 65,952,601 - 19,753,689 103,707 19,857,396 _ 6,436,555 33,792 6,470,347 8.470,347 2025-26 Jun-25 ( ,223) ( ) ( 19,657,396 104,251 19,961,647 - 19,961647 _ 6,504,316 Jan-28 (18,524) (771.555) (658,515) 64,462,737 - _ 20,066,446 - 6,470,347 33,969 6,504,316 2026-27 Juo-26 (6,620) (359,034) ( 306,432) 64,412,812 - 19,961647 104.799 20,066,448 Source:ROPS3,ROPS2 and ROPS1 34 Prepared by Keyser Marston Associates,Inc. Filename:HB_CF_2013-01-09_Scenario2:Expenses:1/9/2013:GSH:Page 15 of 16 Table 3 Cash Flow/RPTTF Funding Forecast-Enforceable Obligations Based on ROPS 3 Exhibit CA(Continued) 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 Enforceable Obligation Description Plerslde Hotel WATERFALL SUBTO le to WATERFALL Beg Balance Less End Balance WATERFALL Retail 8 Parking Strand Protect End Balance Available I- Beg Balance Structure Waterfront Comml Pro Properly Ac Obligation End Balance SUBTOTAL 5 Emerald Cove Emerald Cove Emerald Cove SUBTOTAL 9 P Y 9 9 Repay City GF City GF Loan Less City GF City GF Loan Remaining City Loan Relocation Costs Master Site Plan Costs Items 41-49 Loans Repayment Add Interest Subtotal Repayment Repayment Available Re City Loan City Loan Remaining Amount Outstanding per ROPS3 0.7% 281% 2409' payment Add interest Subtotal Repayment Repayment Available Tenninallon pale 27,339 1,138,688 971,859 0.53% 100.00% 0.53% 100.00% of Available of Available Jan-27 (18,404) (766,538) (654,234) 62,911.471 - 20,066,445 105,349 20,171,795 2027-28 Jun-27 (8,594) (357,971 - 20,277,697 - 6,508,464 34,327 6,572,791 - 8,538,464. (652,773) 61,310,483 - 20,177,697 106,458 20,384,154 20,277,697 8,538,464 3q,327 8,572,791 - 6,572,791 Jan-2B (18,383) (76q,826) (652,773) 61,310,483 20,277,697 106,458 20,38q,15q 2028-29 Jun-28 (8,568 - 20,384,154 - 6,572,791 34,507 6,607,298 6,607,298 Jarr29 ) (356,856) (30q,57q) 81,208,258 - 20,384,154 107,017 20,491,171 _ - 2029-30 (18,279) (761,381) (649,815) 59,664,296 - 20,491,171 107,579 20.598,750 20,598,750 - 6,641,988 34,870 6,67 ,857 - _ Jun-29 (8,540) (355,685) (303.574 59,534,879 _ - 20,706,893 _ 6,711,910 Jan-30 18 194 ) 20,598,750 108,143 20,708,893 - 20,708,893 6,841,988 34,870 8,878,857 6,878,857 - 2a30-31 Jun-30 ( ) (756,141) (645,360) 57,977,620 - 20,706,893 108,711 20,815,605 _ - 6,711,910 35,053 6,711,910 - 6,711,910 (8,510 ) 20,815,605 - 6,711,910 35,238 8,747,148 6,747,148 (754,221) (643,725 56,237,362 - 20,924,886 109,282 20,924,886 20,924,886 6,747,148 35,423 6,782,570 _ Jan-31 (18,108) (754,221) (843,722) 56,237,382 - 20,924,886 109,856 21,034,742 21,034,742 - 6,782,570 2031-32 Jun-31 (8,479) (353,164) (301.423 56,051,63521,034,742 - - 6,782,570 35,608 6,818,179 - 6,816179 Jan-32 ) - 110,432 21.145,174 - 21,145.174 6,818,179 35,795 8,853,974 _ (18,020) (750,544) (840,583) Sq,4g7,942 - 21,145,174 111,012 21,256,187 6,889,957 2032-33 Jun-32 (8 447 - 21,367,182 - 6,889,957 35,172 6,926,130 6,928,130 (351,809) (300,268) 54.232,951 - 21,258,187 111,595 21,387,782 21,367,782 B,BB9,957 36,172 8,926,130 _ Jan-33 (17,889) (745,107) (635,943) 52,613,983 - 21,367,782 112,181 21,479,962 - 6,928,130 2033-34 Jun-33 (8,417 - 21,479,982 - 6,926,130 36,362 6,962,492 6962492 (350,588) (299,224) 52,388,380 - 21,479,962 112,770 21,592,732 21,592,732 6,962,492 36,553 8,999,045 _ Jan-34 (20,790) (865,934) (739,067) 50,283,804 - 21,592,732 113,362 21,708,094 - 6,999,045 - 2034-35 Jun-34 (10,407 - 21,708,094 - 6,999,045 36,745 7,035,790 7,035,790 (433,453) (369,949) 49,698,881 - 21,708,094 113,957 21,820,051 21,820,051 7,035,790 38,938 7,072,728 - 7,072,728 J.n-35 (22,564) (939,825) (802,132) 47,300,445 - 21,820,051 114,555 21,934,608 2035-36 Jun-35 (10,369) (431,884 - 21,934,606 - 7,072,728 37,132 7,109,880 7,109,860 (368,609) 48,684,275 - 21,934,608 115,157 22,049,763 22,049,763 7,109,860 37,327 7,147,166 _ Jan-36 (22,186) (924,092) (788,704) 44,264,030 - 22,049,763 115,761 22,165,524 - 7,184,709 2036-37 Jun-38 (4,715 - 22,281,893 - 7,184,709 37,523 7,222,429 7,222,429 (188,376) (167,605) 44,408,281 - 22,165,524 118,369 22,281,893 22,281,893 7,184,709 37,720 7,222,429 Jan-37 (11,664) (485,814) (414,638) 43,525,059 - 22,281,893 116,980 22,398,873 - 7,260,347 2037-38 Jun-37 _ - 22,398,873 7,222,429 37,918 7,260,3g7 7,260,347 44,354,211 - 22,396,673 117,594 22,516,467 22,516,467 7,260,347 38,117 7.298,464 Jan-3B - - - 45,199,159 - 22,516,467 118,211 22,834,679 - 7,338,780 - 22,63q,679 - 7,298,464 38,317 7,338,780 7,338,780 TOTALS - - Source:ROPS3,ROPS2 and ROPS1 Prepared by Keyser Marston Associates,Inc. 35 Filename:HB_CF_2013-01-09_Scenario2:Expenses:1/9/2013:GSH:Page 16 of 16 Exhibit CA(Continued) Table 4 Tax Increment Revenue Projection Merged Redevelopment Project(Including Southeast Coastal) Huntington 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-June Tax County Flood Ctl Cc Educ Cc Water County Cc Flood Ocean View HB HS Cc 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 OV) O O O O O SB211 0009 Adjust 000s Jun Jan ROPs1 2011-12 9,630 (1.370) 8,260 NA 8,260,099 ROPs 267 2012-13 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) 12,426 (350) 12,076 4,106,000 7,970,000 2018-17 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 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 8,383,000 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) (1679) 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 2028-27 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) (61) (50) (4) (37) (1) (1,679) 13,022 (350) 12,672 4,308,000 8,363,000 2029-30 15,067 (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) (1,679) 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) 12672 4,308,000 8,363,000 2033-34 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 2034-35 15,087 (141) (45) (10) (9) (18) (9) (61) (50) (4) (37) (1) (11679) 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 (845) 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 Prepared by Keyser Marston Associates,Inc. Filename:HB CF 2013-01-09 Scenado2:PTax Sum:119/2013:8:22 PM:GSH 36 Table 4.1 Exhibit C-4 (Continued) 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 Thou After Plan Fiscal Property Property Project Over Base Increment Share Triggered Tax Yr Year Value Value Value $1,801 93% -0.820/o by SB211 Sharing Reported 29 2011-12 56,965 179 57,145 55,344 513 0 (20) 493 Reported 30 2012-1.3 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 35,007 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 Limit09-20-2022 40 2022-23 34,971 37 35,007 33,207 308 0 31 338 S3104509-20-2023 41 2023-24 34,971 37 35,007 33,207 308 0 31 338 56109609-20-2024 42 2024-25 34,971 37 35,007 33,207 308 0 31 338 S81096 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 Tl Receipt 09-20-2032 50 2032-33 34,971 37 35,007 33,207 308 0 31 338 S81045 09-20-2033 51 2033-34 34,971 37 35,007 33,207 308 0 31 338 S81096 09-20-2034 52 2034-35 34,971 37 35,007 33,207 308 1 0 31 338 S81096 09-20-2035 53 2035-36 34,971 37 35,007 1 33,207 308 0 31 338 Prepared by Keyser Marston Associates, Inc. Filename:HB_CF_2013-01-09_Scenario2:YT:1/9/2013:8:23 PM:GSH 37 Exhibit C-4 (Continued) Table 4.2 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 S6211 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 SB104509-20-2023 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 Receipt09-20-2032 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 98 1 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 Table 4.3 Exhibit CA (Continued) 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) 2,082 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 SB1096 09-20-2024 42 2024-25 249,675 22,258 271,933 265,774 2,467 0 (385) 2,082 SB109609-20-2025 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) 2,082 Tl Receipt 09-20-2032 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 SB1096 09-20-2035 53 2035-36 249,675 22,258 271,933 265,774 2,467 0 (385)1 2,082 Prepared by Keyser Marston Associates, Inc. Filename:HB_CF_2013-01-09_Scenario2:Mo: 1/9/2013:8:23 PM:GSH 39 Exhibit C-4(Continued) Exhibit C-4(Continued) Table 4.4 Tax Increment Oakview Project Huntington Beach 000's Omitted 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Total Total Annual Incremental Gross 50% 100% 15% 151% 100% 50% 100% 50% Statutory Net Real Other Total Value Tax Co Entities Co Flood Ocean View 1-16 HS Co Educ Coast CC Vector Ctl Co Water Pass Thru After Plan Fiscal Property Property Project Over Base Increment Share Share USD Share Dist Share Share Dist Share Share Share Triggered Tax Yr Year Value Value Value $23,335 93% -7.1% -1.8% -25.5% -21% -1.23% -8.9% -0.10% -0.75% bySB211 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 (18) (9) (60) (49) (4) (36) (1) 0 (21) 652 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) 631 321 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 5,276 117,389 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 Limit11-01-2022 40 2022-23 112,113 5,276 117,389 94,054 872 (18) (9) (61) (50) (4) (37) (1) 0 (25) 666 S13104511-01-2023 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 SB1096 11-01-2025 43 2025-26 112,113 5,276 117,389 94,054 872 (18) (9) (61) 50) 4) (37) (1) 0 (25) 666 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 5,276 117,3B9 94,054 872 (18) (9) (61) (50) (4) (37) (1) 0 (25) 666 4B 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 Tl 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 SB104511-01-2033 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 S13109611-01-2035 53 2035-36 112,113 5,276 117,389 1 94,054 872 18) (9) (61) (50). (4) (37) (1) 0 (25) 666 Prepared by Keyser Marston Associates,Inc. Filename:HB_CE_2013-01-09_Scenario2:OV:119/2013:8:23 PM:GSH 40 Table 4.5 Exhibit C-4 (Continued) Tax Increment Main-Pier Added Huntington Beach (000's Omitted) 1 2 3 4 5 6 7 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 Limit09-06-2023 40 2023-24 855,588 28,154 883,742 834,243 7,745 (845) 6,900 S B 1046 09-06-2024 41 2024-25 855,588 28,154 883,742 834,243 7,745 (845) 6,900 SB109609-06-2025 42 2025-26 855,588 28,154 883,742 834,243 7,745 (845) 6,900 813109609-06-2026 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 SB104509-06-2034 51 2034-35 855,588 28,154 883,742 834,243 7,745 (845) 6,900 SB109609-06-2035 52 2035-36 855,588 28,154 883,742 834,243 7,745 (845) 6,900 SB 1096 09-06-2036 53 2036-37 855,588 28,154 1 883,742 834,243 7,745 (845)1 6,900 Prepared by Keyser Marston Associates,Inc. Filename:HB_CF_2013-01-09_Scenario2:MA: 1/9/2013:8:24 PM:GSH 41 Exhibit C-4 (Continued) Table 4.6 Tax Increment Huntington Center 11 Huntington Beach 5 6 7 8 9 10 - 000's Omitted 1 2 3 4 34% Statutory Net Total Total Annual Incremental Gross 80% 80% Count Flood Ctl Co Educ Co Water Pass Thru After Real Other Total Value Tax Y 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% -0.3074% -0.75% by SB211 Sharin 880 Reported 27 2011-12 399,726 62,304 462,030 387,338 3,596 (163) (52) (11) (10) (365) 2,519 Reported 28 2012-13 392,415 58,637 451,052 376,360 3,086 (140) (45) (9) (9) (305) 2,332 29 2013-14 352,292 58,637 410,929 336,237 2,822 (128) (41) (9) (8) (305) 2,332 30 2014-15 352,292 58,637 410,929 336,237 2,822 (128) (41) (9) (8) (305) 2,332 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) ( ) ( ) 2,488 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) ( ) 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 2021-22 352,292 58,637 410,929 336,237 3,122 (141) (45) (10) (9) (429 2,488 2,488 38 2022-23 352,292 58,637 410,929 336,237 3,122 (141) (45) (10) (9) ( ) 39 2023-24 352,292 58,637 410,929 336,237 3,122 (141) (45) (10) (9) (429) 2,488 Plan Limit 11-26 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 2025-26 352,292 58,637 410,929 336,237 3,122 (141) (45) (10) (9) (429) 2,488 43 2027-28 352,292 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) 2,4 2,4888 8 45 2029-30 352,292 58,637 410,929 336,237 3,122 (141) (45) (10) (9) (429) 21488 46 2030-31 352,292 58,637 410,929 336,237 3,122 (141) (45) (10) ( ) ( ) 47 2031-32 352,292 58,637 410,929 336,237 31122 (141) (45) (10) (9) (429) 2,488 48 2031-33 352,292 58,637 410,929 336,237 31122 (141) (45) (10) (9) (429) 2,488 49 2033-34 352,292 58,637 410,929 336,237 3,122 (141) (45) (10) (9) (429) 2,488 2,488 TlReceipt11-26-2034 50 2034-35 352,292 58,637 410,929 336,237 3,122 (141) (45) (10) (9) (429) 2.488 SB104511-26-2034 51 2035-36 352,292 58,637 410,929 336,237 3,122 (141) 45) ( ) ( ) Prepared by Keyser Marston Associates,Inc. 42 Filename:HB_CF_2013-01-09_Scenario2:HC:1/9/2013:8:24 PM:GSH Table 4.7 Tax Increment Southeast coastal Exhibit C-4 (Continued) Huntington Beach (000's Omitted) 1 2 3 4 5 6 7 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 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 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 Limit 06-17-2.032 30 2031-32 17,155 68,950 86,105 0 0 0 0 SB1045106-17-2033 31 2032-33 17,155 68,950 86,105 0 0 0 0 32 2033-34 17,155 66,950 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 TJ Receipt 06-17-2047 45 2046-47 17,155 68,950 86,105 0 0 0 0 SB104506-17-2048 46 2047-48 17,155 68,950 86,105 0 0 0 0 Prepared by Keyser Marston Associates,Inc. Filename:HB_CF_2013-01-09_Scenerio2:SE:1I9I2013:8:24 PM:GSH 43 Exhibit C-5 City of Huntington Beach Redevelopment Successor Agency 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: $ 30,087,087 $ 15,050,903 (A) Exhibit C-1 Total amount of assets held by the successor agency(procedure 5) Add the amount 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 (2,422,613) (2,717,598) Exhibit C-2 governments(procedure 6) (21,170,451) (122,728) (A) Exhibit C-3 Less assets that are not cash or cash equivalents (e.g.,physical assets)-(procedure 7) Less balances that are legally restricted for the funding of an enforceable (6,494,023) (6,494,023) Exhibit C-4 obligation(net of projected annual revenues available to fund those obligations)-(procedure 8) _ (5,747,947) Exhibit C-6 Less balances needed to satisfy ROPS for the 2012-13 fiscal year(procedure 9) Less the amount of payments made on July 12,2012 to the County Auditor-Controller a; (629,466) directed by the California Department of Finance Amount to be remitted to county for disbursement to taxing entities (660,859 (A) These balances do not reflect Land and Land 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 Pursuant to AB 1484-All Other Funds Exhibit C-6 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 finure 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 896 2 2002 Tax Allocation Refunding Bonds Page 2,Line 3 1,315,369 3 , - RPTTF 1,315,36969 3 1999 Tax Allocation Refunding Bonds Page 2,Line 4 599,044 - RPTTF 4 2002 Tax Allocation Refunding Bonds Page 2,Line 5 500 599,044 5 2002 Tax Allocation Refunding Bonds Page 2,Line 8 - RPTTF 500 g 1,537 - RPTTF 6 2002 Tax Allocation Refunding Bonds Page 2,Line 11 250 - RPTTF 1,537 7 1999 Tax Allocation Refunding Bonds Page 2,Line 12 1,525 250 RPTTF 8 HUD Section 108 Infrastructure Loan for Page 2,Line 13 370,175 - RPTTF 1,525 Hyatt/Hilton Properties 370,175 9 Strand Hotel and Mixed-Use Project,Parking Page 3,Line 1 685,403 - RPTTF &Infrastructure Implementing Agreement 685,403 10 Strand Project Additional Parking Page 3,Line 2 49,576 RPTTF 11 Pacific City49,576 Page 3,Line 3 20,000 RPTTF 20,000 12 Covenant Monitoring Obligations of Housing Page 3,Line 4 153,202 RPTTF Authority 153,202 13 Housing Authority Covenant monitoring per Page 3,Line 5 75,000 RPTTF AB 987 75,000 14 Affordable Housing Compliance pursuant to Page 4,Line 1 37,500 RPTTF the requirements of Section 33413(b)(4)and 37,500 33490(a)(2)and(3)of the California Community Redevelopment Law,Health and Safety Code Section 33000,et.seq.Covenant monitoring per AB 987. Exhibit C-6 City of Huntington Beach Redevelopment Successor Agency 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 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 15,000 17 Covenant enforcement for Affordable Page 4,Line 8 15,000 RPTTF 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. . 36762 RPTTF 36,762 , 18 Unfunded Ca1PERS Pension Liabilities Page 4,Line 9 9,408 19 Unfunded Supplemental Retirement Page 4,Line 10 9,408 RPTTF Liabilities 19,965 20 Public Agency Retirement Systems(PARS) Page 4,Line 11 19,965 RPTTF Notes Payable 2,880 21 Unfunded OPEB Liabilities Page 4,Line 12 2,880 RPTTF RPTTF 13,000 22 Successor Agency Compliance Page 4,Line 14 13,000 29,675 23 Successor Agency Compliance per H&S Page 4,Line 15 29,675 RPTTF Code 33433 404,564 24 Emerald Cove 2010 Series A Lease Revenue Page 5,Line 1 404,564 RPTTF Refunding Bonds 1,277,600 25 Bella Terra Parking Infrastructure Property Page 5,Line 2 1,277,600 RPTTF Tax Sharing Agreement 7,200 26 Bella Terra Phase 11 Page 5,Line 3 7,200 RPTTF 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 RODS 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 IX26 5,747,947 $ - 5,747,947 Balances necessary for retention:- 5,747,947 (A) (A) The total amount approved for the ROPS II 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. ATTAC H M E N T #2 City of Huntington Beach Redevelopment Successor Agency Independent Accountants' Report on Applying Agreed-Upon Procedures pursuant to AB 1484 (All Other Funds) September 30,2012 Vavrinek, Trine, Day& Co., LLP Certified Public Accountants INDEPENDENT ACCOUNTANTS' REPORT ON APPLYING AGREED-UPON PROCEDURES Oversight Board of the City of Huntington Beach Redevelopment Successor Agency Huntington Beach, California We have performed the Agreed-Upon Procedures enumerated in Exhibit A, which were agreed to by the California State Controller's Office,the California Department of Finance,the County Auditor-Controller, and the City of Huntington Beach Redevelopment Successor Agency (Successor Agency) to determine the Successor - -------Agency's-Redevelopment Funds, ("All Other Funds") unobligated balances that are available for transfer to taxing entities, solely to assist you in ensuring that the Successor Agency is complying with its statutory requirements with respect to Health and Safety Code Section 34179.5. Management of the Successor Agency is responsible for the accounting records pertaining to statutory compliance pursuant to Health and Safety Code Section 34179.5. This Agreed-Upon Procedures engagement was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. The sufficiency of these procedures is solely the responsibility of those parties specified in the report. Consequently, we make no representation regarding the sufficiency of the procedures described below either for the purpose for which this report has been requested or for any other purpose. Exhibit A, Exhibit B and Exhibits C through C-5 identify the procedures and findings. We were not engaged to and did not conduct an audit, the objective of which would be the expression of an opinion as to the appropriateness of the results summarized in Exhibit A, Exhibit B, and Exhibits C through C-5. Accordingly, we do not express such an opinion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you. This report is intended solely for the information and use of the Successor Agency Oversight Board, the Successor Agency, the California State Controller's Office, the California Department of Finance, and the County Auditor-Controller, and is not intended to be and should not be used by anyone other than these specified parties. This restriction is not intended to limit distribution of this report,which is a matter of public record. Laguna Hills,California, January 14,2013 1 25231 Paseo De Alicia,Suite 100 Laguna Hills,CA 92653 Tel:949.768.0833 Fax:949.768.8408 www.vtdcpa.com FRESNO LAGUNA HILLS • PALO ALTO • PLEASANTON • RANCHO CUCAMONGA • RIVERSIDE • SACRAMENTO EXHIBIT A CITY OF HUNTINGTON BEACH REDEVELOPMENT SUCCESSOR AGENCY AGREED UPON PROCEDURES PURSUANT TO AB 1484-ALL OTHER FUNDS Our findings and procedures are as follows: A. All other funds of the Successor Agency For the Successor Agency Funds (excluding the Low and Moderate Income Housing Fund),the following procedures were performed: 1. Obtain from the Successor Agency a listing of all assets that were transferred from the former redevelopment agency to the Successor Agency on February 1, 2012. Agree the amounts on this listing to account balances established in the accounting records of the Successor Agency. Identify in the Agreed- Upon Procedures (AUP) report the amount of the assets transferred to the Successor Agency as of that date. Findings — We obtained from the Successor Agency a listing of all assets that were transferred from the former redevelopment agency (RDA) to the Successor Agency's Redevelopment Funds on February 1, 2012. We agreed the amounts on this listing to account balances established in the accounting records of the Successor Agency noting the total balance of.all assets that were transferred to the Successor Agency on February 1, 2012, was $12,246,191.80 and consisted of cash and cash equivalents,cash with fiscal agent,and loans receivables. Additionally, we noted that capital assets in the form of real property were transferred on September 30, 2012, in the amount of $6,988,462 consisting of land held for resale totaling $5,978,103 and three parcels of land totaling$1,010,359 from the former Redevelopment Agency to the Successor Agency Redevelopment Funds. Lastly, we noted that land in the amount of $14,023,000 was transferred from the City to the Successor Agency on September 30, 2012. Assets Transferred to the Successor Agency Transferred February 1,2012 Cash $ 9,042,788.18 Cash with fiscal agent 3,039,272.81 Loans receivable 164,130.81 $ 12,246,191.80 Transferred September 30,2012 Land $ 15,033,359.00 Land held for resale 5,978,103.00 $ 21,011,462.00 Total assets transferred to the Successor Agency $ 33,257,653.80 2 EXHIBIT A CITY OF HUNTINGTON BEACH REDEVELOPMENT SUCCESSOR AGENCY AGREED UPON PROCEDURES PURSUANT TO AB 1484-ALL OTHER FUNDS 2. If the State Controller's Office has completed its review of transfers required under both Sections 34167.5 and 34178.8 and issued its report regarding such review, attach a copy of that report as an exhibit to the AUP report. If this has not yet occurred, perform the following procedures. A. Obtain a listing prepared by the Successor Agency of transfers (excluding payments for goods and services) from the former redevelopment agency to the city, county, or city and county that formed the redevelopment agency for the period from January 1, 2011 through January 31, 2012. For each transfer,the Successor Agency should describe the purpose of the transfer and describe in what sense the transfer was required by one of the Agency's enforceable obligations or other legal requirements. Provide this listing as an attachment to the AUP report. B. Obtain a listing prepared by the Successor Agency of transfers (excluding payments for goods and services) from the Successor Agency to the city, county, or city and county that formed the redevelopment agency for the period from February 1, 2012 through September 30, 2012. For each transfer,the Successor Agency should describe the purpose of the transfer and describe in what sense the transfer was required by one of the Agency's enforceable obligations or other legal requirements. Provide this listing as an attachment to the AUP report. C. For each transfer, obtain the legal document that formed the basis for the enforceable obligation that required any transfer. Note in the AUP report the absence of any such legal document or the absence of language in the document that required the transfer. Findings — The Successor Agency noted that the State Controller's Office has not completed a review of transfers required under both Health and Safety Code (HSC) Sections 34167.5 and 34178.8. The Successor Agency also asserted that transfers were made from the former RDA to the City in the amount of$18,840,952 during the period of January 1, 2011 to January 31, 2012. $4,817,951 was for loan repayments to the General Fund, pursuant to Health and Safety Code (HSC) Sections 33220, 33600, 33601 & 33610, and Cooperation Agreement #2011-07 and the related Promissory Note. In addition, on March 30, 2011, pursuant to Resolution#2011-17(City) and 388 (RDA),the RDA transferred$14,023,000 of capital assets to the City for the Waterfront. A list of the transfers for the period of January 1, 2011 to January 31, 2012 is included as Exhibit C of the AUP Report. The Successor Agency asserted between February 1, 2012 and September 30, 2012, the City transferred assets totaling$14,023,000 for the Waterfront property back to the Successor Agency from the City in accordance with Resolution #2012-98. This resolution required the City to transfer assets of the former RDA, from the City of Huntington Beach to the Successor Agency Redevelopment Fund. This resolution reversed the transfer previously made in accordance with Resolution #2011-17, as noted previously. A listing of the transfer for the period February 1, 2012 through September 30, 2012, is included as Exhibit C of the AUP Report. 3 EXHIBIT A CITY OF HUNTINGTON BEACH REDEVELOPMENT SUCCESSOR AGENCY AGREED UPON PROCEDURES PURSUANT TO AB 1484-ALL OTHER FUNDS 3. If the State Controller's Office has completed its review of transfers required under both Sections 34167.5 and 34178.8 and issued its report regarding such review, attach a copy of that report as an exhibit to the AUP report. If this has not yet occurred,perform the following procedures: A. Obtain a listing prepared by the Successor Agency of transfers (excluding payments for goods and services) from the former redevelopment agency to any other public agency or to private parties for the period from January 1, 2011 through January 31, 2012. For each transfer, the Successor Agency should describe the purpose of the transfer and describe in what sense the transfer was required by one of the Agency's enforceable obligations or other legal requirements. Provide this listing as an attachment to the AUP report. B. Obtain a listing prepared by the Successor Agency of transfers (excluding payments for goods and services) [from the Successor Agency to any other public agency or private parties for the period from February 1, 2012 through September 30, 2012. For each transfer,the Successor Agency should describe the purpose of the transfer and describe in what sense the transfer was required by one of the Agency's enforceable obligations or other legal requirements. Provide this listing as an attachment to the AUP report. C. For each transfer, obtain the legal document that formed the basis for the enforceable obligation that required any transfer. Note in the AUP report the absence of any such legal document or the absence of language in the document that required the transfer. Findings — The Successor Agency asserted the State Controller's Office has not completed a review of transfers required under both Sections 34167.5 and 34178.8. The Successor Agency also asserted no transfers were made from the former RDA or the Successor Agency to any other public agency or to private parties for the period from January 1, 2011 through January 31, 2012, and the period from February 1,2012 through September 30, 2012,respectively. 4. Perform the following procedures: A. Obtain from the Successor Agency a summary of the financial transactions of the Redevelopment Agency and the Successor Agency in the format set forth in the attached schedule for the fiscal periods indicated in the schedule. For purposes of this summary, the financial transactions should be presented using the modified accrual basis of accounting. End of year balances for capital assets (in total) and long-term liabilities (in total) should be presented at the bottom of this summary schedule for information purposes. B. Ascertain that for each period presented, the total of revenues, expenditures, and transfers accounts fully for the changes in equity from the previous fiscal period. C. Compare amounts in the schedule relevant to the fiscal year ended September 30, 2010, to the State Controller's Report filed for the Redevelopment Agency for that period. 4 EXHIBIT A CITY OF HUNTINGTON BEACH REDEVELOPMENT SUCCESSOR AGENCY AGREED UPON PROCEDURES PURSUANT TO AB 1484-ALL OTHER FUNDS D. Compare amounts in the schedule for the other fiscal periods presented to account balances in the accounting records or other supporting schedules. Describe in the report the type of support provided for each fiscal period. Findings—We obtained from the Successor Agency a summary of the financial transactions. We determined through recalculation that the total of revenues, expenditures and transfers fully accounts for the changes in equity from the previous fiscal periods. The amounts in the schedule for September 30, 2010 were agreed to the State Controller's Report filed by the Redevelopment Agency. In addition, we agreed the amounts from fiscal year ending September 30, 2011 to the audited Component Unit Financial Report, rounded to the thousands. We agreed the periods ended January 31, 2012 and September 30, 2012, to the accounting records of the former Redevelopment Agency and the Successor Agency, respectively. The summary of financial transactions is included as Exhibit B of the AUP Report. 5. Obtain from the Successor Agency a listing of all assets of the Low and Moderate Income Housing Fund as of September 30, 2012 for the report that is due October 1, 2012 and a listing of all assets of all other funds of the Successor Agency as of September 30, 2012 (excluding the previously reported assets of the Low and Moderate Income Housing Fund) for the report that is due December 15, 2012. When this procedure is applied to the Low and Moderate Income Housing Fund,the schedule attached as an exhibit will include only those assets of the Low and Moderate Income Housing Fund that were held by the Successor Agency as of September 30, 2012 and will exclude all assets held by the entity that assumed the housing function previously performed by the former redevelopment agency. Agree the assets so listed to recorded balances reflected in the accounting records of the Successor Agency. The listings should be attached as an exhibit to the appropriate AUP report. Findings — For the Successor Agency Other Funds, we agreed the assets listed to the recorded balances reflected in the Successor Agency's accounting records. We noted the asset balances of the "All Other Funds" as of September 30, 2012, was $30,087,087 consisting of cash and cash equivalents, cash with fiscal agent, loans receivables, land, and land held for resale. See Exhibit C-1 for the listing of assets of the"All Other Funds"as of September 30, 2012. 6. Obtain from the Successor Agency a listing of asset balances held on September 30, 2012, that are restricted for the following purposes: A. Unspent bond proceeds: i. Obtain the Successor Agency's computation of the restricted balances (e.g., total proceeds less eligible project expenditures, amounts set aside for debt service payments, etc.). ii. Trace individual components of this computation to related account balances in the accounting records, or to other supporting documentation (specify in the AUP report a description of such documentation). iii. Obtain from the Successor Agency a copy of the legal document that sets forth the restriction pertaining to these balances. Note in the AUP report the absence of language restricting the use of the balances that were identified by the Successor Agency as restricted. 5 EXHIBIT A CITY OF HUNTINGTON BEACH REDEVELOPMENT SUCCESSOR AGENCY AGREED UPON PROCEDURES PURSUANT TO AB 1484-ALL OTHER FUNDS B. Grant proceeds and program income that are restricted by third parties: i. Obtain the Successor Agency's computation of the restricted balances (e.g., total proceeds less eligible project expenditures). ii. Trace individual components of this computation to related account balances in the accounting records, or to other supporting documentation (specify in the AUP report a description of such documentation). iii. Obtain from the Successor Agency a copy of the grant agreement that sets forth the restriction pertaining to these balances. Note in the AUP report the absence of language restricting the use of the balances that were identified by the Successor Agency as restricted. C. Other assets considered to be legally restricted: i. The Successor Agency's computation of the restricted balances (e.g., total proceeds less eligible project expenditures). ii. Trace individual components of this computation to related account balances in the accounting records, or to other supporting documentation (specify in the AUP report a description of such documentation). iii. Obtain from the Successor Agency a copy of the legal document that sets forth the restriction pertaining to these balances. Note in the AUP report the absence of language restricting the use of the balances that were identified by Successor the Agency as restricted. D. Attach the above mentioned Successor Agency prepared schedule(s) as an exhibit to the AUP report. For each restriction identified on these schedules, indicate in the report the period of time for which the restrictions are in effect. If the restrictions are in effect until the related assets are expended for their intended purpose,this should be indicated in the report. Findings — The Successor Agency asserted that assets totaling $2,422,613 were restricted as the assets represented debt service reserve requirements for the 1999 and 2002 Tax Allocation Bonds. The funds are held with a third party trustee as required by the bond covenants. We were provided copies of the official statements related to the bond reserves. We traced the recorded balances to the accounting records of the Successor Agency, noting no exceptions. See Exhibit C-2 of the AUP Report for a listing of assets that are legally restricted. 7. Perform the following procedures: A. Obtain from the Successor Agency a listing of assets as of September 30, 2012, that are not liquid or otherwise available for distribution(such as capital assets, land held for resale, long-term receivables, etc.) and ascertain if the values are listed at either purchase cost(based on book value reflected in the accounting records of the Successor Agency) or market value as recently estimated by the Successor Agency. B. If the assets listed at 7(A) are listed at purchase cost, trace the amounts to a previously audited financial statement(or to the accounting records of the Successor Agency) and note any differences. C. For any.differences noted in 7(B), inspect evidence of disposal of the asset and ascertain that the proceeds were deposited into the Successor Agency trust fund. If the differences are due to additions (this generally is not expected to occur), inspect the supporting documentation and note the circumstances. 6 EXHIBIT A CITY OF HUNTINGTON BEACH REDEVELOPMENT SUCCESSOR AGENCY AGREED UPON PROCEDURES PURSUANT TO AB 1484 -ALL OTHER FUNDS D. If the assets listed at 7(A) are listed at recently estimated market value, inspect the evidence (if any) supporting the value and note the methodology used. If no evidence is available to support the value and/or methodology,note the lack of evidence. Findings — The Successor Agency asserted that the Successor Agency Redevelopment Funds have land parcels totaling $15,033,359, land held for resale totaling $5,978,103, and notes receivables totaling $158,988 that are considered non-liquid assets. The parcels have been transferred to the Successor Agency at historical cost and notes receivables were transferred at current receivable value. We traced the non-liquid assets to the accounting records of the Successor Agency noting no exceptions. The total of non-liquid assets is $21,170,451. A listing of the non-liquid assets is included at Exhibit C-3 of the AUP Report. 8. Perform the following procedures: A. If the Successor Agency believes that asset balances need to be retained to satisfy enforceable obligations, obtain from the Successor Agency an itemized schedule of asset balances (resources) as of September 30, 2012 that are dedicated or restricted for the funding of enforceable obligations and perform the following procedures. The schedule should identify the amount dedicated or restricted, the nature of the dedication or restriction, the specific enforceable obligation to which the dedication or restriction relates, and the language in the legal document that is associated with the enforceable obligation that specifies the dedication of existing asset balances toward payment of that obligation. i. Compare all information on the schedule to the legal documents that form the basis for the dedication or restriction of the resource balance in question. ii. Compare all current balances to the amounts reported in the accounting records of the Successor Agency or to an alternative computation. iii. Compare the specified enforceable obligations to those that were included in the final Recognized Obligation Payment Schedule approved by the California Department of Finance. iv. Attach as an exhibit to the report the listing obtained from the Successor Agency. Identify in the report any listed balances for which the Successor Agency was unable to provide appropriate restricting language in the legal document associated with the enforceable obligation. B. If the Successor Agency believes that future revenues together with balances dedicated or restricted to an enforceable obligation are insufficient to fund future obligation payments and thus retention of current balances is required, obtain from the Successor Agency a schedule of approved enforceable obligations that includes a projection of the annual spending requirements to satisfy each obligation and a projection of the annual revenues available to fund those requirements and perform the following procedures: i. Compare the enforceable obligations to those that were approved by the California Department of Finance. Procedures to accomplish this may include reviewing the letter from the California Department of Finance approving the Recognized Enforceable Obligation Payment Schedules for the six month period from January 1, 2012 through September 30, 2012, and for the six month period July 1,2012 through December 31, 2012. 7 EXHIBIT A CITY OF HUNTINGTON BEACH REDEVELOPMENT SUCCESSOR AGENCY AGREED UPON PROCEDURES PURSUANT TO AB 1484-ALL OTHER FUNDS ii. Compare the forecasted annual spending requirements to the legal document supporting each enforceable obligation. a. Obtain from the Successor Agency its assumptions relating to the forecasted annual spending requirements and disclose in the report major assumptions associated with the projections. iii. For the forecasted annual revenues: a. Obtain from the Successor Agency its assumptions for the forecasted annual revenues and disclose in the report major assumptions associated with the projections. C. If the Successor Agency believes that projected property tax revenues and other general purpose revenues to be received by the Successor Agency are insufficient to pay bond debt service payments (considering both the timing and amount of the related cash flows), obtain from the Successor Agency a schedule demonstrating this insufficiency and apply the following procedures to the information reflected in that schedule. i. Compare the timing and amounts of bond debt service payments to the related bond debt service schedules in the bond agreement. ii. Obtain the assumptions for the forecasted property tax revenues and disclose major assumptions associated with the projections. iii. Obtain the assumptions for the forecasted other general purpose revenues and disclose major assumptions associated with the projections. D. If procedures A, B, or C were performed, calculate the amount of current unrestricted balances necessary for retention in order to meet the enforceable obligations by performing the following procedures. i. Combine the amount of identified current dedicated or restricted balances and the amount of forecasted annual revenues to arrive at the amount of total resources available to fund enforceable obligations. ii. Reduce the amount of total resources available by the amount forecasted for the annual spending requirements. A negative result indicates the amount of current unrestricted balances that needs to be retained. iii. Include the calculation in the AUP report. Findings — We obtained the schedule of asset balances that need to be retained to satisfy enforceable obligations. Pursuant to a cash flow prepared by the Successor Agency illustrated on Exhibit C-4, the Successor Agency identified that $6,494,023 needed to be retained to satisfy enforceable obligations. The cash flow illustrates that the $6,494,023 needs to be retained to satisfy enforceable obligations including two items that are the subject of meet and confer procedures with the State Department of Finance. These two items consist of the Emerald Cove 2010 Series A Lease Revenue Refunding Bonds included in the cash flow as column 3 on page 20 and the statutory obligation for Pacific City Very Low Income Units included in the cash flow as column 30 on page 24. 8 EXHIBIT A CITY OF HUNTINGTON BEACH REDEVELOPMENT SUCCESSOR AGENCY AGREED UPON PROCEDURES PURSUANT TO AB 1484-ALL OTHER FUNDS 9. If the Successor Agency believes that cash balances as of September 30, 2012, need to be retained to satisfy obligations on the Recognized Obligation Payment Schedule (ROPS) for the period of July 1, 2012 through June 30, 2013, obtain a copy of the final ROPS for the period of July 1, 2012 through December 31, 2012, and a copy of the final ROPS for the period January 1, 2013 through June 30, 2013. For each obligation listed on the ROPS, the Successor Agency should add columns identifying (1) any dollar amounts of existing cash that are needed to satisfy that obligation, and (2) the Successor Agency's explanation as to why the Successor Agency believes that such balances are needed to satisfy the obligation. Include this schedule as an attachment to the AUP report. Findings — We obtained the schedule of asset balances that need to be retained to satisfy enforceable obligations. Pursuant to a cash flow prepared by the Successor Agency illustrated on Exhibit C-4, the Successor Agency identified that $6,494,023 needed to be retained to satisfy enforceable obligations. The cash flow illustrates that the $6,494,023 needs to be retained to satisfy enforceable obligations including two items that are the subject of meet and confer procedures with the State Department of Finance. These two items consist of the Emerald Cove 2010 Series A Lease Revenue Refunding Bonds included in the cash flow as column 3 on page 20 and the statutory obligation for Pacific City Very Low Income Units included in the cash flow as column 30 on page 24. 10. Include (or present) a schedule detailing the computation of the Balance Available for Allocation to Affected Taxing Entities. Amounts included in the calculation should agree to the results of the procedures performed in each section above. The schedule should also include a deduction to recognize amounts already paid to the County Auditor-Controller on July 12, 2012, as directed by the California Department of Finance. The amount of this deduction presented should be agreed to evidence of payment. The attached example summary schedule may be considered for this purpose. Separate schedules should be completed for the Low and Moderate Income Housing Fund and for all other funds combined (excluding the Low and Moderate Income Housing Fund). Findings — We have included a schedule detailing management's assertion of the computated Balance Available for Allocation to Affected Taxing Entities. See Exhibit C-5. 11. Obtain a representation letter from Successor Agency management acknowledging their responsibility for the data provided to the practitioner and the data presented in the report or in any attachments to the report. Included in the representations should be an acknowledgment that management is not aware of any transfers (as defined by Section 34179.5) from either the former redevelopment agency or the Successor Agency to other parties for the period from January 1, 2011 through September 30, 2012 that have not been properly identified in the AUP report and its related exhibits. Management's refusal to sign the representation letter should be noted in the AUP report as required by attestation standards. Findings — The Successor Agency provided a management representation letter. No exceptions were noted. 9 Exhibit B City of Huntington Beach Redevelopment Successor Agency Pursuant To AB 1484-All Other Funds Summary of Financial Transactions Unaudited Unaudited Redevelopment Redevelopment Redevelopment Successor Agency Agency Agency Agency 12 Months Ended 12 Months Ended 4 Months Ended 8 Months Ended 9/30/10 9/30/11 1/31/2012 9/30/12 Assets 11,175,988 $ 6,795,373 $ 14,001,933 $_ 6,494,023 Cash and Investments $ 2,402,319 2,450,681 3,039,273 2,422,613 Cash with Fiscal Agent _ _ Tax Increment Receivable 4,509,650 3,866,063 Accounts Receivable 753,399 19, _ Accrued Interest Receivable 37,060 19,239 239 8,070,000 10,334,925 10,3 83,647 158,988 Loans Receivable _ 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 Total Assets $ 39,740,585 $ 30,895,900 $ 32,715,173 $ 15,053,727 Liabilities 8,846 Accounts Payable $ 217,065 $ 3,226,481 $ 923, $ _ 114,981981 114,981 Deposits Payable - - _ Other Liabilities 3,773,291 10,353,740 10,219,516 10,219,516 Deferred Revenue Due to Capital Projects Fund 081,000 5,780,320 Due to Debt Service Fund 1,590,320 5,780,320 Due to Low/Mod Income housing Fund 4,590,320 - 5,290,320 5,290,320 Total Liabilities $ 20,675,377 $ 20,796,790 $ 16,548,455 $ 5,414,147 Equity 19,065,208 10,099,110 16,166,718 9,639,580 Total Liabilities+Equity $ 39,740,585 $ 30,895,900 $ 32,715,173 $ 15,053,727 Total Revenues: $ 22,823,373 $ 19,236,576 $ 71313,828 $ 3,491,464 Total Expend itures/Expenses: $ 31,336,767 $ 28,202,674 $ 11246,220 $ 5,691,012 Total Transfers: Total Extraordinary Items: Net change in equity $ (8,513,394) $ (8,966,098) $ 6,067,608 $ 9,639,580 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 Other Information(show year end balances for all three years presented): $ $ 15,033,359 Capital assets as of end of year $ 48,777,000 (A) $ - Long-term debt as of end of year $ 139,237,000 $ 133,399,000 $ 129,490,040 $ 140,033,942 (A)In fiscal year 2009-10,the Agency transferred 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 further detail. 10 City of Huntington Beach Redevelopment Successor Agency Pursuant To AB 1484-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 DATE OF TRANSFER DESCRIPTION OF ASSETS RECIPIENT ASSETS TRANSFERRED NOT SUPPORTED PURPOSE OF TRANSFER BASIS FOR TRANSFER Period ojJan 1,2011 through.fan 31,2012 1/1/2011 Cash City of Huntington Beach $ 409,483 Repayment of loan oustanding Health and Safety Code Sections 33220, General Fund to the City for the purchase of 33600,33601,33610 and cooperation land agreement#2011-07 and the related promissory note 2/28/2011 Cash City of Huntington Beach 409,483 Repayment of loan oustanding Health and Saje!v Code Sections 33220, General Fund to the City for the purchase of 33600,33601,33610 and cooperation land agreement#2011-07 and the related promissory note 3/7/2011 Cash City of Huntington Beach 2,456,900 Repayment of loan oustanding Health ond,SajewCode Sections 33220, General Fund to the City for the purchase of 33600,33601,33610 and cooperation land agreement#2011-07 and the related promissory note 3/31/2011 Cash City of Huntington Beach 409,483 Repayment of loan oustanding Health and,Sgfgv Code Sections 33220, General Fund to the City for the purchase of 33600,33601,33610 and cooperation land agreement#2011-07 and the related promissory note 9/29/2011 Cash City of Huntington Beach 1,132,602 Repayment of loan oustanding Health and,7gfgv Code Sections 33220, General Fund to the City for the purchase of 33600,33601,33610 and cooperation land agreement#201 I-07 and the related promissory note 3/7/2011 Waterfront City of Huntington Beach 14,023,000 Resolution#201 I-17 Disposition and development agreement by See Footnote 1 and between the Redevelopment Agency of the City of Huntington Beach and PCH Beach Resort,LLC dated April 4,2001, City Council Resolutions#2011-17& 2011-18 and Redevelopment Agency Resolution#'s 387&388. $ 18,840,952 Period of reh 1,2012 through September 30,2012 9/30/2012 Waterfront Successor Agency 14,023,000 ( ) Footnote 1 Reversal of transfer for disposition and development agreement, TOTAL $ 4,817,952 $ - Footnote 1 Tire$14,023,000 waterfront property is an asset of the Successor Agency as of September 30,2012. II Exhibit C-1 City of Huntington Beach Redevelopment Successor Agency 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 Assets Cash and investments Cash with Treasurer $ 6,494,023 Total $ 6,494,023 Cash/investments w/Fiscal Agent 1999 TABS Cash with Fiscal Agent 753,775 202 TABS Cash with Fiscal Agent 1,668,838 Total 2,422,613 Other assets Auto BID Loan Receivable 43,572 NF Loan Receivable 115,416 Land 15,033,359 Land Held for Resale 5,978,104 Total 21,170,451 TOTAL ASSETS AT 9/30/2012: $ 30,087,087 * Includes the$14,023,000 land as noted in Exhibit C. 12 City of Huntington Beach Redevelopment Successor Agency Exhibit C-2 Pursuant To AB 1484-All Other Funds Legally Restricted Amounts PERIOD OF ITEM DESCRIPTION ACCOUNT AMOUNT PURPOSE/DOC SOURCE/LEGAL DOCUMENT RESTRICTION A Unspent Bond Proceeds None B Grant proceeds and program income restrict by third parties None C Other assets/Debt Service a 1999 TABS Bond Reserve 35010835 $ 753,775 1999 Tax Allocation Bonds Official Statement dated January August 1, 2024 held with Fiscal Agent 12, 1999 debt reserve funds b 2002 TABS Bond Reserve 35010845 1,668,838 2002 Tax Allocation Bonds Official Statement dated June 19, August 1, 2024 held with Fiscal Agent 2002 debt reserve funds Total $ 2,422,613 13 City of Huntington Beach Redevelopment Successor Agency Exhibit C-3 Pursuant To AB 1484-All Other Funds Non Liquid Assets-All Other Funds ITEM DESCRIPTION GL ACCT NO AMOUNT VALUE METHOD(COST OR.MARKET) A Capital Assets 1 10 foot remnant of land 661.18100 $ 259,000 Cost 2 Surf Museum,411 Olive Avenue 661.18100 286,301 Cost 3 Gothard/Center(Westminster Parcel) 661.18100 465,059 Cost 4 Waterfront 661.18100 14,023,000 Cost B Land Held for Resale 1 Center Ave.near McFadden* 350.18160 1,084,074 Cost 2 South side of Edinger Avenue and East of Parkside 350.18160 664,582 Cost 3 Northwest corner of Aldrich and Parkside 350.18160 753,180 Cost 4 7872 Edinger Avenue 350.18160 3,476,267 Cost C Long Term Receivables 1 Auto BID Loan Receivable 350.14100, 350.14102 43,572 Current balance as of September 30,2012 2 NF Huntington Loan Receivable 350.14100, 350.13299 115,416 Current balance as of September 30, 2012 Total $ 21,170,451 * Current under construction as a public skate park 14 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 8 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 2009/2010 Items 41-49 Less City GF Cove Land Subtotal Transfer From 80% Fiscal Year Payment Date Property Tax Costs&Unpaid Allowance Over/(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 5,580,531 - (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 ,151,945) 2013-14 Jun-13 4,106,00o 1,879,905 125,000 2,101,095 2,101,095 2(41 ,909 095 Jan-14 7,970,000 4,773,775 143,213 3,053,012 1,526,505 1,526,507 1,526,507 2014-15 Jun-14 4,106,000 4,074,301 125,000 (93,301) (93,301) (93,301) Jan-15 7,970,000 3,274,560 125,000 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 2,016-17 Jun-16 4,106,000 3,240,114 125,000 740,886 - 296,354 - - 444,532 - 444,532 Jan-17 7,970,000 4,443,626 133,309 3,393,066 1,357,226 - 2,035,840 2,035,840 2017-18 Jun-17 4,308,000 3,278,513 125,000 904,487 361,794 - 542,692 542,692 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. j 5 Filename:HB_CF_2013-01 09_Scenario2:Summary:1/9/2013:GSH:Page 1 of 1 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 9 B 10 11 12 13 14 15 16 17 Certificate of Completion Received Less City Loan Agency Less SERAF Less BOPS Repayment Semi Annual Other Loan Unpaid Pass Fxpendilures Oct Subtotal Over/ 20092010 Items 41-49 Less City GF Emerald Cove Land Subtotal Owl Transfer From Fiscal Year Payment Data Properly Ta< Bond Debt S.,Ira Bond Fees Repayments Other Coals Through. Admin No- 201 W.2012 Coals Subtotal (Under) Repayment Repayment Loan Repayment OPA (Under) 80%Funds Annual Distribution 2011-12 Jan-12 8,260,099 2,794,176 376,786 753,510 692,378 2,653,000 250,000 188,123 7.707.973 552,126 - - - - 552,126 552,126 2012-19 Jun-12 3,428,586 2,689,152 371,708 ` 2,045,779 473,892 - - - 5,580,531 (2,151,945) - - - - (2,151,945) (2,151 945) Jan-13 7,012,392 3,216,671 1,677.060 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 4.106,000 - 734,936 942,420 202.549 - 125,000 - 2,004,905 2,101095 - - - - 2,101,095 - 2,101.095 Jan-14 7.970,000 3,237.642 5,160 1.496008 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 - - - 2,285222 - 2,285,222 2015-18 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 - 412,578 Jen-18 7,970,000 3287,963 5,160 1,112.119 - - 132,157 - 4.537,400 3,432,600 - 1.373,040 - - 2,059.560 - 2,059,560 2016-17 Jun-16 - 4,106,000 - 734,936 2,342,492 162,686 - 125,000 - 3,365,114 740,886 - 296,354 - - 444,532 - 444,532 Jan-17 7.970.000 3,302,033 5.160 1,136,433 - - 133,309 - 4,576,934 3,393,068 - 1,357,226 - - 2,035,640 - 2,035,840 2017-18 Jun-17 4,308,000 - 734,936 2,375,089 168,488 - 125,000 - 3,403.513 904,467 - 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 - 1,493,565 - - 2,240,347 - 2,240,347 2018-19 Jun-18 4,308.000 - - 2,402,337 174,581 - 125,000 - 2,701,918 1,606062 - 642,433 - - 963,649 - 963,649 Jan-19 8,363,000 3,345,647 5,160 1,180,628 - - 135,940 - 4,667,275 3,695,725 - 1,478,290 - - 2,217,435 - 2,217,435 2019-20 Jun-19 4,306,000 - - 2,436,251 180,978 - 125,000 - 2,742,229 1,565,771 - 626,308 - - 939,463 - 939,463 Jan-20 8,363,000 1,878,666 5,160 1,206,330 - - 125,000 - 3,215,156 5,147,844 - 2,059,138 - - 3,068,706 - 3,086,706 2020-21 Jun-20 4.308,000 - - 2,470,843 187,896 - 125,000 - 2,783,539 1,524,461 - 609,784 - - 914,677 - 914,677 Jan-21 8,363,000 1,875.425 5,160 1,232.648 15,000 - 125,000 - 3,253,233 5,109,767 - 2,043,906 - - 3,065,861 - 3,065,861 2021-22 Jun-21 4,308,000 - - 2,506,127 194,749 - 125,000 - 2,825,876 1,482,124 - 592,850 - - 889.276 - 889,275 Jan-22 8,383,000 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 2022-23 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 1,469,250 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 8,363 000 1.197,000 5.160 1,314,802 15.000 - 125,000 - 2.656,962 6,706,038 - 2,282,415 - - 3,423,623 - 3,423,623 2024-25 Jun-24 4,308,000 - - 2,616,269 218,095 - 125.000 - 2,959,364 1,348,636 - 639,464 - - 809,182 - 809,182 Jan-25 8,363,000 1,168,500 5,160 1.343,289 - - 125,000 - 2,641,949 5,721,051 - 2,288420 - - 3,432,631 - 3432,631 2026-28 Jun-25 4,308,000 - - 2,020,528 226,668 - 125,000 - 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 8,865,654 - 2.746.262 - - 4,119,392 - 4,119.392 2028-27 Jun-26 4.308,000 - - 752,479 235,670 - 125,000 - 1,113,149 3,194,851 - 1,277,940 - - 1.916,911 - 1.916,911 16 Prepared by Keyser Marston Associates,Inc. Fllename:H6 CF 2013-01-09 Scenarlo2:CashFlowAlL 1/912013:GSH:Page 1 of 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 8 9 10 11 12 13 14 15 16 17 Certificate of Completion Received Less City Loan Semi Annual Agency Less SERAF Less ROPS Repayment Other Loan Unpaid Pass Expenditures Ocl Subtotal Over/ 20092010 Items 41-49 Less City GF Emera'd Cove Land Subtotal Over/ Transfer From Flscal Year Payment Dale Properly Tax Bond Debt Service Bond Fees Repayments Other Costs Throughs Admin Alowence 201 Wan 2012 Costs Sublolal (Under) Repayment Repayment Loan Repayment ORA (Under) 80%Funds Annual Dis9bulion Jan-27 8,363,000 - - 1,401,984 15,000 - 125,000 - 1,641,984 6,821,016 2,728,406 4,092,610 - 4,092,610 2027-28 Jun-27 4,308.000 - - 752,479 245.122 - 125,000 - 1,122,601 3,185,399 1,274.159 - - 1.911,240 1,911,240 Jan-28 8,363,000 - - 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 - - 752,479 255,046 - 125,000 - 1.132,525 3,175.475 - 1,270,190 1,905,285 1,905285 Jan-29 8,363,000 - - 1,463,050 - - 125,000 - 1.688,050 6,774,950 - - 2,709,979 - - 4,064,970 - 4,064,970 2029-30 Jun-29 4,308,000 - - 752,479 265,467 - 125,000 - 1,142,946 3,165,054 1,266022 - - 1,899,033 1,899,033 Jan-30 8,363,000 - - 1,494,503 15,000 - 125,000 - 1,634,503 6,728,497 - - 2.691,398 - - 4,037,099 1,899.033 2030�1 Jun-30 8,383,000 - - 752.479 276,408 - 125,000 - 1,153,887 3,154.113 1,261,645 - - 1,892,468 1,892,468 99 Jan-31 8,383,000 - - 1,526,684 - - 125,000 - 1,651,584 6,711,416 2.604,566 - - 4,026,850 4,026,850 2031J2 Jun-31 8,363,000 - - 752,479 287,897 - 125,000 - 1,165,376 3,142,624 1,257,049 - - 1,885,575 - 1,085,575 Jen-32 8,363,000 - - 1,559,307 - - 125,000 - 1,684.307 6,678,693 2.671,477 - - 4.007216 4,007,216 2032-33 Jun-32 4,308,000 - - 752.479 299,960 - 125,000 - 1,177.439 3.130,561 - 1,252,224 - - 1,878,337 1.878,337 Jan-33 8,383,000 - - 1,592,684 15,000 - 125,000 1,732,684 6,630,316 - 2,652,126 3,978,190 3.978,190 203334 Jun-33 8,363,000 - - 750675 312,627 - 125,000 - 1,188,302 3,119,698 - 1,247,879 1,871.019 1.071,819 Jan-34 8,363,000 - - 532,514 - - 125,000 - 657,514 7,705,486 - 3.082,194 - 4,623,292 4,623,292 2034-35 Jun-34 4,308.000 - - - 325,926 - 125,000 - 450,926 3,857,074 - 1,542,829 2.314,245 - 2,314,245 Jan-35 8,363,000 - _ _ _ _ _ _ _ 8,363,000 - 3.345,200 - - 5,017,000 2,314.245 2035-38 Jun-35 4.308,000 - - - 339.891 - 125,000 - 464,691 3843,109 - 1.537,243 - - 2.305,866 5.017,000 Jan-38 8,363,000 - - - -15,000 - 125,000 - 140,000 6,223,000 3,289,200 - - 4,933,800 2,305,866 203"7 Jun-36 2,227,000 - - - 354,554 - 125,000 - 479,554 1,747 446 698.978 - - 1,046,466 4,933,000 Jen-37 4,323.000 - 4,323,000 1,729,200 - - 1,046.460 468 2,593,000 2037a8 Jun-37 - - _ - 369,950 - 125,000 - 494,950 (494,950) (494,950) - (494,950) Jan-38 - - - - - - 0 Total Funds Needed 6.494,023 Prepared by Keyser Marston Associates,Inc. 17 Filename:HB_CF_2O13-01-O9_Scenari02:CashFlow Alt:1/912013:GSH:Page 2 of 4 Exhibit CA(Continued) Table 2 Cash Flow/RPTTF Funding Forecast-Funds On Hand Successor Agency to Huntington Beach Redevelopment Agency 16 fa 20 21 22 23 Funds On Hand-80%Tax Increment Revenues(Excluding Bond Proceeds) Payment Beginning Annual Interest Transferred Use for ROPS Transfer to Fscal Year Dale Balance Earnings Proceeds Funding Taxing Entities Ending Balance 0.525% as of 0/30/2012 6,494,023 - - - - 6,494,023 2012 13 Jan 13 6 494 023 - (6,494,023) 0 - Jun-13 - - - 0 0 2013-14 Jan-14 - - - 0 0 Jun-14 - - - 0 0 - 2014-15 Jan-15 - - - 0 0 - Jun-15 - - - 0 0 - 2015-16 Jan-16 - - - 0 0 - Jun-16 - - - 0 0 - 2016-17 Jan-17 - - - 0 0 Jun-17 - - - 0 0 2017-19 Jan-18 - - - 0 0 - Jun-18 - - - 0 0 - 201e-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 0 - Jun-26 - - - 0 0 - Y I8 Prepared by Keyser Marston Associates,Inc. Filename:HB_CF_2013-01-09_Scenario2:CashFlow Alt: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 Trsnsrened Use for FOPS Transfer to Racal Year Data Balance Earrings Proceed. Funding Taxing Entities Ending Balance 0.525% 2026-27 Jan-27 _ - - 0 6 - 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 2031-32 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 - 2034-35 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 Prepared by Keyser Marston Associates,Inc. 19 Filename:HB_CF_2013-01-09_Scenarlo2:Cash Flow AIL 1/9/2013:GSI-I:Page 4 of 4 Table 3 Exhibit Cash Flow/RPTTF Funding Exhibit C-4(Continued) Forecast-Enforceable Obligations Based on ROPS 3 Successor Agency to Huntington Beach 15 Redevelopment Agency 1 2 3 4 5 6 7 8 9 10 11 12 13 14 4. 13.00 2.00 5.00 6.00 7.00 8.00 9.00 10.00 11.00 ROPS1 ROPS3 Line Item 3.00 00 12.00 ROPS1:2002 TAB Enforceable Obligation Description Emerald Cove 2010 HUD Sac 108 Sei A Lease Rev Infrastructure Loan Hyell Regency 2002 TAB Arbitrage 1999 TAB Arbitrage 2002 TAB IRS 2002 TAB 1999 TAB AMBAC Master Refunding Bonds Hyatt Hilton Bank of DDA Robed Mayer Compllance Rebate Complianca Rebate Arbitrage Rebate 2002 TAB Fiscal 1999 TAB Fiscal Continuing Continuing Repurchase 2002 TAB 1999 TAB (Scenarlo 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 8112024 8112024 9/112021 8112019 - 9/3012023 1111712013 111172013 81WO16 8112024 81W024 7012012 7l712012 2011-12 ROPS1 Jan-12 1,635,73B 74B4O88 - 410,350 2,794,178 368,628 500 500 - 1,537 848 250 1,525 3,000 376,788 2012-13 ROPS2 Jun-12 1,315.369 599,044 404,564 370,175 2,689,152 367,898 500 1,537 - 250 1,525 371,708 ROPS3 Jan-13 1,840,93B 743,289 404,932 427,512 3,216,671 1,043,148 500 500 52B,754 1,537 848 250 1,525 1,577,080 2oi3-14 Jun-13 - - - 734,936 - - - - - - 734,936 - 160 Jan-14 1,838,038 747,364 404,419 447.B22 3,237,642 - 500 500 - 1,537 848 250 1,525 5,936 - 734,936 - - - - 735,180 2014-ts Jun-14 - - Jan-15 1,827,138 749,824 405,367 466,072 3,248,400 - 500 500 - 1,537 848 250 1,525 5,180 - 734,936 - - - 734,936 2015-16 Jun-15 - - ' Jan-16 1,644,750 750,617 405,324 487,272 3,287,963 - 500 500 - 1,537 848 250 1,525 4,936 _ - 734.936 - - - - - 734,936 2016-17 Jun-16 - - 5,160 - Jan-17 1,640,750 749,699 405,750 505,834 3,302,033 - 500 500 - 1,537 848 250 1,525 2017-18 Jun-17 - - 734,936 - - - - 735,160 Jan-18 1,639,000 752,155 405,265 522,448 3,318,868 - 500 500 - 1,537 848 250 1,525 , 2019-19 Jun-18 - - - Jan-19 1,649,250 753,000 '406,237 537,160 3,345.847 - 500 500 - 1,537 848 250 1,525 5,160 2019-20 Jun-19 - - - 500 500 - 1,537 848 250 1,525 5,160 Jan-20 1,010.750 481.750 406.168 - 1,879,669 - _ _ - 2020-21 Jun-20 - - - - 180 Jan-21 1.010,750 456,500 406,175 - 1,675.425 - 500 500 - 1,537 848 - 1,525 5,- 2021-22 Jun-21 - - Jan-22 1,003,750 464.500 - - 1,466,250 - 500 500 - 1,537 848 250 1,525 5,160 2022-23 Jun-22 - - - _ 500 500 - 1,537 848 250 1,525 - 5,160 Jan-23 1.005,000 464,250 - - 1,469,250 - - _ _ 2023-24 Jun-23 - - - 180 Jan-24 819,000 378,000 - - 1,197,000 - 500 500 - 1,537 848 250 1,525 5,- 2024-25 Jun-24 - - - - - Jan-25 799,500 369,000 - - 1,168,600 - 500 500 - 1,537 848 250 1,525 5,160 2025-28 Jun-25 - Jan-26 - 2026-27 Jun-26 - - Source:ROPS3,ROPS2 and ROPS1 20 Prepared by Keyser Marston Associates,Inc. Filename:HB CF 2013-01-09_Scenario2:Expenses:11912013:GSH:Page 1 of 16 Table 3 Cash Flow/RPTTF Funding Forecast-Enforceable Exhibit C-4(Continued) 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 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 Descdpllon Emerald Cove 2010 HUD Sec 108 Set A Lease Rev Infrastructure Loan ROPSi:2002 TAB liyall Regency 2002 TAB Arbitrage 1999 TAB Arbitrage 2002 TAB IRS 2002 TAB 1999 TAB AMBAC Master Refunding Bonds Hyall Hilton Bank of DDA Robed 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 Calculallon Calculation Payment Agent Fee Agent Fee Disclosure Disclosure Agreement Bond Fee. 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 Termination Dale 8/1/2024 8/112024 9/l2021 811/2019 — $ 5,966,971 — 913012023 1111712013 11/1712013 8/1/2016 8112024 8112024 76/2012 7/7/2012 —Jan-27 _ 2027-28 Jun-27 - _ _ _ - - - - - Jan-28 2028-29 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 4,174,845 37,497,642 5,454,348 7,500 7,000 528,754 Z3,055 11,872 3,750 22,875 3,000 6,062,154 Source:ROPS3,ROPSZ and ROPSi Prepared by Keyser Marston Associates,Inc. 21 Filename:HB_CF_2o13-01-09_Scenari02:Expenses:119/2013:GSH:Page 2 of 16 Table 3 Exhibit CA(Continued) Cash Flow/RPTTF Funding Forecast-Enforceable Obligations Based on ROPS 3 Successor Agency to 28 29 Huntington Beach 22 23 24 25 26 27 17 18 19 20 21 Redevelopment Agency 16 19.00 20.00 ROPSS ROPS3 Line Item 1.00 14.00 15.00 16.00 21.00 29.00 30.00 3200 ROPS1 Cer i9oste of Land Sale Emerald Bella Terra Ph 11 Operative ROPSli City Complellon Enforceable Obligation Description Cove OPA Loan Strand Hotel& Repayment Mixed Use Parking Pacific City OPA Abdelmud OPA Bella Terra Parking Affordable Hsg Agreement Operal ve City GF Loan ther Disallowed Pending&Infrastructure Use Pa ingCiM Strand Additional Maker Properties& Rent Differential Infrastructure PTax Agreement(BTDJM Huntington Beach Agreements Loan Repayments Obl gall nD2009 ObligationD20110 Repayments Total Repayme Repayments Cad of Completion Group&KBB Parking CIM Group KBB Agreement Sharing &KBB) $ (Disallowed)83,11 (Various) - $ 67,155.864 $ 3,331,300 $ 703,413 $ 17,512,346 $ 88,702,922 Amount Outstanding per ROPS3 $ 5,676,433 $ 13,344,723 $ 1,039,285 $ 5,520,000 $ 6,000 $ 13,847,382 $ 27,438,830 $ - _ FY 201415 FY 2015-16 - - TerminellonDale 10/112030 9/30/2033 9/30/2033 FY 2030-31 1213112017 9/3012025 7/112036 1011/2030 753,510 - - 045,510 779 4,812 - - 21,219 - _ _ 2,045,779 2011-12 ROPS1 Jan-12 - 677,903 49,576 - - 2,045,779 - - - 202-ia ROPS2 Jun-12 - 685,403 49,576 20,000 6,000 1 277,600 7,200 _ 1.998,487 - 1,998,487 ROPS3 Jan-13 - 702,903 49,576 20,000 1 6,000 1 1,210,008 10,000 _ 942,420 942.420 702,903 49,576 - 6,000 183,941 _ 1,498,008 1,526,505 3,022,513 2013-14 Jun-13 _ _ 6,000 1,490,008 - - _ - 31163,504 Jan-14 - 6000 1,520,724 884,301 - - 3,166,004 702,903 49,576 - _ 8,000 1,841,466 443,750 2,291,216 2014-15 Jun-14 - _ 6,000 - - - - - 2,582,755 Jan-15 - - - _ - 2,310,534 272,221 702903 49,576 - 6000 1,552,055 _ 1,112,119 - - 1,3 2,492 119 2015-t6 _ Jun-15 - 6.000 - 1,106,119 - _ _ 2,342,492 Jan-16 - 6,000 1,584,013 - - - 2,342,492 _ -1,136,433 2016-17 Jun-16 - 7D2,903 49,576 - 1,130,433 - - 1,136,433 - 6 000 _ 2,375,069 - 2,375,089 Jan-17 - - 6,000 1,616,61D - _ - 1,155,233 2017-19 Jun-17 - 702,903 49,576 _ _ 1,155,233 - - 1,155,233 - - - Jan-16 - - - - _ - 2,402,337 - 1,180,528 702,903 49,576 - - 1,649,858 _ 1,180,528 - - 1,436,251 2o19-ta Jun-18 _ 1,180,528 - _ - 2,436,251 Jan-19 - 1,683,772 - - - 2,436,251 - " 702,903 49,576 - _ 1,206,330 - 1,470,843 330 201a-20 Jun-19 - _ _ 1,206,330 - _ - 2,470,843 Jan-20 _ 1,718,364 - - - 2.470,843 - - 702,903 49,576 - _ 1,232,648 - 1,232,648 202o-z1 Jun-21 - _ _ - 1,232,648 - _ _ 2,506,127 Jan-21 1,753,648 - - - 1,259,492 _ 1,259.492 2021-22 Jun-21 - 702,903 49,- - _ 1,259,492 - - 1,542,116 - - Jan-22 - - _ _ - 2,542,116 - 2,286,173 702,903 49,576 - - 1,789637 _ 1,286,873 - 1,286,873 2022-23 Jun-22 - _ _ 1,286,873 - _ _ 2,578,825 Jan-23 - _ 1,826,346 - - - 2,578,825 - - 702,903 49,576 - - 1,314,802 - 1,314,802 2023-24 Jun-23 - _ _ 1,314,802 - _ - 2.618,269 Jan-24 - _ 1,863,790 - - - 2,616,269 - - - 702,903 49,578 - _ 1,343,289 - 2,020,528 202425 Jun-24 - _ _ - 1,343,289 - _ _ 2,020,528 Jan-25 - 1,266,049 - - - 2,020,528 - _ 702,903 49,576 - _ 1,372,346 - 1,372,346 2025-26 Jun-25 _ _ 1,372,346 - _ _ 762.479 Jan-26 - - - _ _ - 752,479 - 2026-27 Jun-26 - 702.903 49,578 Source:ROPS3,ROPS2 and ROPS1 22 Prepared by Keyser Marston Associates,Inc. Filename:HB_CF_2013-01-09_Scenario2:Expenses:1/912013:GSH:Page 3 of 16 Table 3 Cash Flow/RPTTF Funding Forecast-Enforceable Exhibit CA(Continued) Obligations Based on ROPS 3 Successor Agency to Huntington Beach Redevelopment Agency 15 17 19 19 20 21 22 23 24 25 26 27 28 ROPS3 Line Item 1.00 14.00 15.00 16.00 21.00 29.00 30.00 32.00 ROPS1 29 19.00 20.00 ROP55 Land Sale Emerald Enforceable Obligation Description Cove OPA Loan Strand Hotel&Repayment Bella Terra Ph II Operative ROPS1:City Mixed Use Parking Paciflo City OPA Abdelmudl OPA Bella Terra Parking Affordable Hag Agreement Operative Completion of Disall owed Pending 81n6asiruclure CIM Strand Addllonal Maker Properties& Rent Differential infrastructure PTaz Agreement(BTDJM Huntington Beach Agreements Subtotal of Other SERAF Debt SERAF Debt City GF Loan Total Other Loan Carl of Completion Group&KBB Parking CIM Group KBB Agreement Sharing &KBB) RP(Disallowed )) (Various) Loan Repayments Obligation 20,3 Obligation 20.4 Repayments Repayments Amount Outstanding per ROP53 $ 5,676,433 $ 13,344,723 $ 1,039,285 $ 5,520,000 $ 6,000 $ 13,847,382 $ 27,438,830 $ 2112030 - S 67,155,864 S 3,2014-15 $ 201513 $ 17,512,346 $ 88,702,922 Termination Dale 10/1/2030 9/3012033 9130/2033 FY 2030-31 12131/2017 9/30/2025 711/2036 10/112030 - - FY 201415 FY 201616 _ Jan-27 2027-28 Jun-27 702 _ - - 1,401,984 - - 1,401,984 1,401,g84 - ,903 78 49,5 - Jan-28 _ _ 752,479 - - 752,479 2028-29 Jun-28 702,903 49,578 _ - - 1,432,215 - - 1,432,215 1,432,215 Jan-29 _ _ 752,479- - - - 752,479 2029-30 Jun_29 702,903 49,576 _ - 1.463,050 - - 1,483,050 1,463,050 - Jan-30 _ _ _ 752,479 - - 752,479 2030-31 Jun-30 _ - - 1,494,503 - - 1,494,503 1,494,503 - 702,903 49,578 752,479 - - Jan-31 - _ - - - - 752,479 2031-32 Jun-31 _ - - 1,526,584 - - 1,526,584 1,752,479 702,903 49,578 752,479 _ _Jan-32 _ - - - - 752,479 2032-33 Jun-32 _ _ - - 1,559,307 - - 1,559,307 1,559,307 702,903 49,578 _ 752,479 _ Jan-33 _ _ - - 752,479 2033-34 Jun-33 _ - 1,592,684 - - 1,592,684 1,592,884 - 702,903 47,772 - - - Jan-34 _ - - - - 750,875 - - - 2034-35 Jun-34 _ _ - _ _ - 532,514 - - 532,514 - - - 750,875, 514 Jan-35 _ _ _ - - - _ _ _ 2035-36 Jun-35 Jan-36 _- 2036-37 Jun-36 Jan-37 2037-38 Jun-37 Jan-38 TOTALS - 16,827,172 1,168,020 40,000 70,612 23,986,423 25,492.435 21,219 - 67,628,081 3,367,973 715,971 71,712,025 Source:ROPS3,ROPS2 and ROPS1 Prepared by Keyser Marston Associates,Inc. 23 Filename:HB_CF_2D13-01-Og_Scenarlo2:Expenses:1/9/2013:GSH:Page 4 of 16 Exhibit C-4(Continued) Table 3 Cash Flow/RPTTF Funding Forecast-Enforceable Obligations Based on ROPS 3 44 40 41 42 43 Successor Agency to 37 38 39 37.00 Huntington Beach 33 34 35 36 34.00 35.00 36.00 30 31 32 28.00 31.00 33.00 Redevelopment Agency 25.00 26.00 27.00 ROPS3 Line Item 17.00 18.00 22.00 23.00 24.00 Convenient Employee Employee Affordable Hsg Enforcement Obligation for Successor Agency Assessment AES Employee Employee Public Agency PTaz Valuation Van Termination(Layoff Termination/Layoff Termination/Layoff Termination ILeyall Enforceable Obligation Description Pacific City Very Compliance Affordable HsgConsu of RDA Low Income Units Amednallonal Jessica Latham Unfunded CaIPERS Unfunded Suppl Retirement Systems Unfunded OPEB Unused Employee Compliance per of RDA of RDA of RDA (PARS)Notes Liabilities CaIPERS General Leave HSC 33433 Tier PiersldOPA Potion HoDlsalloweldng Costs Costs Costs-Dissolullon Costs-Dissolul on Disallowed Disallowed Disallowed Pension(Increased Rellrement ) &CERBT Eamed&Vested 16393 $ 2gA83 $ 75,328 $ 9,728 (Scenario 1) (Scenario 3) (Scenario 3) 5%par FY) Liabilities US Bank Payable 124 391 $ 30,000 $ 4,000 $ 5,000 $ 913012011 60,035 $ 252,593 $ NA 312112012 9130/2011 913012011 1212312011 75,000 $ 30,000 $ 2,674,172NA f 618,160NA $ 41300010. Amount Oulslanding per ROPS3 $ 6,500,000 $ NA 1011012014 NA NA FY 203031 712DI2013 2/20/2013 NA - - - TerminallonDale _ 5,000 - _ 0 _ 10,D00 _ _ - 75,000 0 0 0 - _ 29,875 4,000 2,500 19,965 2,880 16,393 24,483 75,328 9,7213 2011-12 ROPS1 J2n-12 37,500 15,000 36,762 9,408 11,460 15,000 4,000 - 2012-13 ROPS2 Jun-12 95,476 28,952 19,965 5,222 _ ROPS3Jan-13 6.600,000 - 6,222 11,460 100,250 28,952 19,965 _ 0013-14 Jun-13 - - _ 19,965 - 4,000 Jan-14 - - 26,952 19.965 6,222 11,460 _ _ 105,262 - _ 15,000 _ 2014-15 Jun-14 - 11.460 - Jan-15 _ _ _ 110,626 28,952 - 6,222 - 2015-16 Jun-15 - - Jan-16 _ _ 116,052 28,952 - 6,222 11,- - 201s-n Jun-16 - - - 11.460 - Jan-17 - - - - - - 6, _ _ 121,854 28,952 222 _ 15,000 2017-18 Jun-17 _ _ - - - 11,460 - 127.94726,952 - - Jan-18 26 952 - 6.222 _ _ _ _ 2018-19 Jun-18 - - - 11,460 - - - Jan-19 - - - _ 6,222 - _ - - _ _ 134,344 28,952 - 2019-20 Jun-19 - - - 11,460 - Jan-20 - _ - - - - - - - 6, _ _ 141062 28,952 222 _ 15,000 2020-21 Jun-20 - _ 6,222 11,460 - _ - - Jan-21 _ 148,115 28,952 - - 2021-22 Jun-21 - - 11,460 - - - Jan-22 _ _ 155,520 28,952 - 6,222 2022-23 Jun-22 - - - 11,460 - Jan-23 - - - - _ 6,222 _ _ 163,296 28,952 _ 15.000 2023-24 Jun-23 - _ 8,222 11,460 - Jan-24 _ 171,461 26,952 - - 2024-25 Jun-24 - 11,460 - - - - Jan-25 _ _ 180,034 28,952 - 6,222 2025-26 Jun-25 - - 11,460 - - - Jan-26 169,036 26,952- - _ 6,222 2026-27 Jun-28 " Source:ROPS3,ROPS2 and ROPS1 24 Prepared by Keyser Marston Associates,Inc. Filename:HB_CF_2013-D1-09_Scenario2:Expenses:11912013:GSH:Page 5 of 16 Table 3 Cash Flow/RPTTF Funding Forecast-Enforceable Obligations Based on ROPS 3 Exhibit CA(Continued) Successor Agency to Huntington Beach Redevelopment Agency 30 31 32 33 34 35 36 37 38 39 ROPS3 Line Item 17.00 18.D0 22,pp 40 41 42 - 43 qq 23.D0 24.OD 25.DD Convenan! 26.00 27.00 28.00 31.00 33.D0 34.00- 35.00 38.00 37.00 Affordable Hsg Enforcement Enforceable Obligation Description Pacific City Very Compliance Affordable Hag Public Agency Obligation for Successor Agency Assessment AES Employee Low Income Units Amednalional Jessica Latham Unfunded CaIPERS Unfunded Suppl Reliremenl Systems Unfunded OPEB Unused Employee Com Compliance per Employee Employee Employee Disallowed Disallowed Disallowed Pension Increased p P PTax Valuation Van Termination/Layoff Termination/Layoff Tenninallon/Layoff Termination/Layoff(Scenado l) (Scenado 3) (Scenarlo3 ( Reliremenl (PARS)Notes Liabilities CaIPERS General Leave HSC 33433 Tierra Pierside Pavilion Horn Consulting Costs-Dissolution Costs-Dissolution Costs-Dissolution Costs-Dissolution 5%per FY) Liabilities US Bank Payable 8 CERBT Earned 8 Vested West OPA Disallowed Amount Outstanding per ROPS3 $ 6,500,000 $ 75,000 $ 30,000 $ 2,674.172 $ 618,160 $ 60 035 $ 252,593 of RDA of BOA of RDA of RDA Termination Date FY 2030J1 7/20/2013 2/20/2013 $ 124,391 $ 30,000 $ 4,000 $ 5,000 $ 16,393 $ 24,493 $ 75,328 $ 9,728 NA NA 10/10/2014 NA NA 4/30/2010 NA 3/21/2012 913012011 9/30/2011 12/23/2011 913012011 Jan-27 2027-28 Jun-27 _ - 15,000 Jan-28 _ - _ 198,488 28,952 - 6,222 11,460 _ 2028-29 Jun-28 _ _ - - _, - 2D6,412 28,952 6,222 11460 Jan-29 _ - - - 2029-30 Jun-29 _ - - - _ - - Jan-30 _ _ 216,833 28,952 - 6,222 11.460 _ _ _ - 2030-31 Jun-30 _ - - -, 15,DOD 229,774 28,952 6,222 11460 Jan-31 _ - - - 2031-32 Jun-31 _ - - - _ - - Jan-32 _ - 241,263 28.952 - 6,222 11,480 2032-33 Jun-32 _ _ - - -6,222 11460 Jan-33 _ - 253,328 28,952 , _ _ - - - 2033-34 Jun-33 _ - - - 15,000 Jan-34 _ _ - 265,993 28.952 - 6,222 11,460 _ _ _ - 2034-35 Jun-34 _ - - - _ - - Jan-35 _ - - 279,292 28,952 - 6,222 11,460 - 2035-36 Jun-35 _ - - - _460 Jan-36 - - 293,257 28,952 6,222 11, _ _ - - - - 2036-37 Jun-36 _ - - 15,000 Jan-37 _ 307,920 28,952 6,222 11,460 _ _ _ - - - - 2037-38 Jun-37 _ - - - _ ' Jan-38 _ _ = 323,316 28,952 - 6,222 11,460 TOTALS 6,500,D00 112,500 15,000 4,916,B7D 762,160 99,625 184,652 297,960 174,675 16,000 7,500 16,393 24,463 75,328 9,728 Source:ROPS3,ROPS2 and ROPS1 Prepared by Keyser Marston Associates,Inc. 25 Filename:HB_CF_2013-01-09_Scenarlo2:Expenses:1/g/2013:GSH:Page 6 of 16 Table 3 Exhibit C-4(Continued) Cash Flowl RPTTF Funding 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 5 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 ROPSI&ROP82: ROPS1: ROP51:Affordable A81X26 and Compliance Covenant ROPS2:Covenant Independent Hsg Compliance Enfomeable Obligation Description - Financial Statement CRL 33413(b)(4) ROPS1:MOU Unemplymenl Litigation Expenses A81484 Kane A81X26 and Monitodng ROPS1&ROP52•. ROPS1 8 ROPS2: Enforcement for ROPS2:SA Costs-Dissolution City of Palmdale Ballmer A81484 KMA Obligations of Hag Hag Aulh Covenant Affordable Hag Affordable Hsg- Compliance Nageskl ROPSI:SA ROPSI&ROP82: &Audit Macias GIN and 3349(a)(2)&(3)Bargaining Unit Luls Subtotal of Other of RDA etal v Malosanlos Disallowed Disallowed Auth Monitoring KMA Compliance KB8 Grace Jones Earl &Assoc Compliance KMA Wildlife Care Center &O'Connell KBB Gomez Cools _ $ 10,883,278 Amount Outstanding per ROPS3 - $ 13,993 $ 150,000 $ 200,000 - - - - - _ Termination Dale - 7/8/2015 7/8/2015 6/15/2013 - - - 378 2011-12 ROPS1 Jan-12 - - - 229,801 150,000 150,000 40,236 3,000 0 27,641 0 0 1,500 473,892 201z-13 ROPS2 Jun-12 - - 153,202 75,000 75,000 - 13,000 - - - - 473,892 _ _ 6.821,000 ROPS3 Jan-13 - 13,993 - - - _ _ - 202,549 2013-14 Jun-13 11,700 - - - - - 20,000 - - - - - _ 34.985 Jan-14 - 175,881 2014-15 Jun-14 - - - - - - _ _ _ _ _ - - 15,000 Jan-15 - - - - _ _ _ - - 157,159 2015A6 Jun-15 - Jan-18 - - - - - - _ _ _ - - - 162,888 2016-17 Jun-18 - Jan-17 - - - - - - _ _ _ - - 168,488 2017-18 Jun-17 - - - - - - _ _ _ - - - 15,000 Jan-18 - - - - - _ _ _ _ _ - - 174,581 2018-19 Jun-18 - - - - - _ _ _ _ - - - - Jan-19 - - - - - _ _ _ _ - - 180,978 2019-20 Jun-19 - Jan-20 - - - - _ _ _ _ - - - 187,696 2020-21 Jun-20 - - - - _ _ _ - - - 15,000 Jan-21 - - _ - - - - _ _ _ - - - 194,749 2021-22 Jun-21 - - - - - _ - _ _ - - - - Jan-22 - - - - - - - - - - 202,154 2022-23 Jun-22 - - - _ _ _ _ _ - - - - Jan-23 - - - - - _ - - 209,930 2023-24 Jun-23 - - - - - - _ _ _ - - 15,000 Jan-24 - - .' - - - _ _ - _ _ _ - - - 218,095 2024-25 Jun-24 - - _ - - - _ _ _ _ _ - - - - Jan-25 - - - _ - _ _ _ _ - - - 226,668 2025-26 Jun-25 - - - - _ _ _ _ _ - - - Jan-28 - - - - - _ _ _ - - 235,670 2026-27 Jun-26 - - - - - - - - - Source:ROPS3,ROPS2 and ROPSI 26 Prepared by Keyser Marston Associates,Inc. Filename:HB_CF_2013-01-09_Scenario2:Expenses:1/g/2013:GSH:Page 7 of 16 Table 3 Cash Flow/RPTTF Funding Forecast-Enforceable Exhibit CA(Continued) 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: ROPS1: ROPS1:Affordable Enforceable Obligation Description A81X26 and Compliance Covenant ROP82:Covenant Independent Hag Compliance Unemplymenl Litigation Expenses AS 1484 Kane AB1X26 and Monitoring ROPS1&ROP82: ROPS1&ROPS2: Enforcement for ROPS2:SA Financial Statement CRL 33413(b)(4) ROP81:MOU Costs-Dissolution City of Palmdale Minter AB1484 KMA Obligations of Hsg Hsg Auth Covenant Affordable Hsg Affordable Hsg- Compliance Nagaski ROP81:SA ROPS1&ROP82: &Audit Macias Gid and 3349(a)(2)&(3)Bargaining Unit Luis Sublolal of Other of RDA etal v Matosanlos Disallowed Disallowed Aulh Monitoring KMA Compliance KBB Grace Jones Earl &Assoc Compliance KMA Wildllfe Care Center &O'Connell KBB Gomez Coals Amount Outstanding per ROPS3 — $ 13,993 $ 150,000 $ 200,000 Termination Dale — 7/8/2015 7/8/2015 6/15/2013 — _ — — — $ 10,863,278 Jan-27 — 2027-28 Jun-27 _ _ - _ _ - - - - - - - - 15,000 Jan-28 - - - - - - _ - - 245,122 2028-29 Jun-28 Jan-29 _ - - - - - - - _ _ - - _ _ _ _ 255,048 2029-30 Jun-29 Jan-30 _ - - - - - - - _ - - _ _ 265,487 2030-31 Jun-30 _ _ _ - - - - - - - - - 15,D00 Jan-31 - - - - - - - - - _ _ _ _ 278,408 2031-32 Jun-31 Jan-32 _ - - - - - - _ 287,697 2032-33 Jun-32 Jan-33 _ - 299,960 2033-34 Jun-33 _ _ _ - - - - - 15,000 Jan-34 _ - - - - - - _ _ _ _ - 312,627 2034-35 Jun-34 Jan-35 _ - - - - - - - - - _ - - _ _ 325,928 2035-36 Jun-35 Jan-36 _ - - - - - - - - _ - 339,891 2036-37 Jun-38 _ _ - - - - - - - - 15,000 Jan-37 _ - - - - - - - _ _ 354,554 2037-38 Jun-37 Jan-38 _ - - - - - _ _ 369,950 TOTALS 11,70D 13,993 - - 383,003 225,000 225,000 40,236 51,D00 - 27841 _ _ 1,500 Source:ROPS3,ROPS2 and ROPS1 Prepared by Keyser Marston Associates,Inc. 27 Filename:HB_CF_2013-01-09_Scenado2:Expenses:1/9/2013:GSH:Page 8 of 16 Table 3 Exhibit C-4(Continued) Cash Flow/RPTTF Funding - Forecast-Enforceable Obligations Based on ROPS 3 Successor Agency to Huntington Beach 65 66 67 68 69 70 71 72 Redevelopment Agency 60 61 62 63 64 ROPS3 Line Item 41.00 42.00 43.00 44.00 45.00 46.00 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 II Downtown Main Pier Relocation,Property&Street Imp Project Strand Project Structure Relocation Waterfront Comml Strand Project Acq Coals Land Acquisition Land Acq Acq&Project Costs Property Acq Relocation Costs Costs Disallowed Master Site Plan Property Acq Costs P Un aid Pass Disallowed Pending Disallowed Pending Disallowed Pending Disallowed Pending Disallowed Pending Disallowed Pending Pending Carl of Dlsallwed Pending Disallowed Pending Co of Complelion Cerl of Complelion Cert of Completion Ceft of Complelion Cart of Completion Carl of Completion Completion Cori of Completion Cart of Completion Other Costs Throughs Admin Allowance Costs Subtotal d - $ 357,464 $ 198,737,787 Amount Outstanding per ROPS3 $ 4,416,384 $ 5,150,543 $ 3,555,243 $ 14,971,453 $ 345,20B $ 87,501 $ 407,212 $ 16,960,908 $ 14,475,988 $ 71,233,716 $ _ Termination Date 1011/2030 10/1/2030 10/1/2030 10/1/2030 10/1/2030 10/112030 1011/2030 1011I2030 10/1/2030 - _ - - 692.378 2,ff51.01 250.000 7,519,850 2011-12 ROPS1 Jan-12 - - - 473,892 - 5,580,531 2012-13 ROPS2 Jun-12 - - - _ _ 6,821.000 304,108 13,917,324 ROPS3 Jan-13 - 202,549 - 125,DD0 2,004,905 201 114 Jun-13 _ _ _ - 34.905 - 143.213 6,443,493 Jan-14 - - - - - _ _ _ 175.881 - 125,000 4,199,301 2014-15 Jun-14 - - _ _ _ _ - 15,000 - 125,01D0 5,684,779 Jan-15 - - 125,OOD 3,693,422 2015-16 Jun-15 8,845 7,983 -5.510 23.205 535 990 261 85,752 22,437 250,730 132.157 6,910,440 Jan-t6 100.444 117,142 80,859 34D,504 7,851 1,990 9,281 383,260 371,06223B 1,459.040 125.000 3,661,468 2016-17 Jun-16 21,680 25,284 17,452 73.494 -1,695 43D 1.999 83,260 71,444 357,226 Jan-17 99,287 115,793 79928 336,583 7,761 1,967 9,155 381,308 325,444 1,357,226 _ 125,ODD 3,765,308 2017-16 Jun-17 26,467 30.867 21,306 89,723 2,069 524 2,44D 101645 86,753 530,283 134,828 6,122,653 Jan-18 109,261 127,424 87,957 370,394 8,540 2,165 10,074 419,613 358,136 1,508,565 125,D00 6,122,653 2018-19 Jun-18 46,997 54.610 37,633 159,319 3,874 931 4,333 415,321 354,473 478,290 135;940 6,145,665 Jan-19 108,144 126,121 87,057 366,606 8,453 2,143 9,971 415321 354,473 1,478,290 125,000 3,368,637 2019-20 Jun-19 45,817 53,434 36,684 155,320 3,581 90B 4,225 175.959 150,180 807286 125,OD0 5,274,294 Jan-20 150,636 175,877 121264 510.652 11,774 2.985 13,869 578,509 493,752 2,059,138 125,000 3,393,323 2020-21 Jun-20 44,609 52,D24 35,910 151,222 3,487 884 4,113 171,317 148,218 797,480 125,D00 5,297,139 Jan-21 149,521 174,377 120,367 506,875 11,687 2,962 13,767 574.230 490,100 2,D58,9D8 125,DOD 3,419,725 2021-22 Jun-21 43,37D 50,579 34,913 147.023 3,390 859 3,999 166,559 142,157 787,591 _ 125,000 5,059,940 Jan-22 181,09D 187,868 129,679 546,090 12,592 3,192 14,853 618,657 528,018 2,202,.46 125.000 3,444,762 2022-23 Jun-22 42,100 49,09E 33,891 142,718 3,291 B34 3,882 161,683 137,995 777646 125,000 5,076,970 Jan-23 160,259 186,900 129,011 543,275 12,527 3,175 14,777 615,487 525,298 2,190,886 125,000 3,471,453 2023-24 Jun-23 40,798 47,580 32,943 138,305 3.189 B08 3.762 156,684 133,728 767,628 125,D00 4,939,377 Jan-24 186,970 194,726 134,412 566.023 13.051 3,308 15,395 641,238 547,291 2297,415 125,D00 3:498,818 2624-25 Jun-24 39,484 46,024 31,769 133,781 3,085 782 3,639 151,556 129,353 757,549 125,D00 4,930,369 Jan-25 167,409 195,238 134,766 567,512 13,086 3,317 15,436 842,925 185.6754B,731 2,288,420 125,000 ,3,146,517 2025-2s Jun-25 56,645 06,062 45,600 192,026 4,428 1,122 5,223 217.543 165,871 1,000,989 125,000 4:243,606 Jan-28 200,902 234,299 161,729 681054 15,704 3,980 18,524 771.555 858,515 2,746262 125,000 2,391,089 2026-27 Jun-26 93,487 109,D28 75,258 316,920 7,307 1,852 8,620 359.034 308,432 1,513,81D Source:ROPS3,ROPS2 and ROPS1 28 Prepared by Keyser Marston Associates,Inc. Filename:HB CF 2013-01-09_Scenario2:Expenses:119/2013:GSH:Page 9 of 16 Table 3 Cash Flow/RPTTF Funding Forecast-Enforceable Exhibit C-4(Continued) Obligations Based on ROPS 3 Successor Agency to Huntington Beach Redevelopment Agency 60 61 62 63 64 65 66 67 68 69 ROPS3 Line Item 70 71 72 41.D0 42.00 43.O0 44.00 45.00 46.O0 47.00 48.00 49.00 Plerslde Hotel Huntington Center Development of Third Block West Second Block Alley Retail&Parking Enforceable Obligation Description Lend Right of Way Maln Pler RP Ph ll Downlown Main Pier Relocation,Property&Street Imp Prolecl Strand Project Structure Relocation Waledront Comml Slrend Project Acq Costs Land Acquisition Land Acq Acq&Prolecl Costs Property Acq Relocation Costs Costs Disallowed Master Silo Plan Property Acq Costs Disallowed Pending Disallowed Pending Disallowed Pending Disallowed Pending Dlsalowed Pending Disallowed Pending Pending Geri of Disaliwed Pending Disallowed Pending Unpaid Pass Cad of Completion Cad of Completion Carl of Completion Carl of Completion Cell of Completion Carl of Completion Completion Cad of Completion Cad of Completion Other Costs Through. Admin Allowance Costs Subtotal Amount Outstanding per RDPS3 $ 4,416,384 $ 5,150,543 $ 3.555,243 $ 14.971,453 $ 345,208 $ 87,501 $ 407,212 $ 16,960,908 $ 14.475.988 Termination Dale 101112030 10112030 10112030 1011/2030 10/112030 1011/2030 1011/2030 10/1/2030 10/1/2030 $ 71,233,716 $ - $ 357,464 $ 196,737,761 Jan-27 199,596 232,776 160.677 676,626 15,801 3,955 18,404 766,53E 654,234 2,743.406 125.000 4,270,390 2027-28 Jun-27 93.211 10B,706 75,038 315,983 7,286 1,647 8,594 357,971 305,526 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,OO , , 0 8-29 Jun-28 92,920 108,387 74,802 314,998 7,263 1,841 8,588 356,858 304,574 1,525,236 125,0000 2,402402,715715 Jan-29 198,248 231,204 159,592 672.056 15.496 3,928 18.279 761,361 649.615 2,709,979 030 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-30 196,889 229,818 158,498 667,448 15,390 3,901 18.154 758,141 645.360 2,706,398 125,O00 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 1,538,053 125.000 2,415,532 Jan-31 196,389 229,036 156,095 665,754 15,351 3.891 18.108 754,221 843,722 2.684,566 125,000 4,336,150 2031-32 Jun-31 91,959 107,246 74,028 311,739 7.188 1.822 8.479 353,184 301,423 1,544,946 125,000 2,422,425 Jan-32 195,431 227,919 157.325 662,508 15,276 3,872 18 020 750,544 640,583 2.871,477 125,000 4,356,784 125,000 2,429,863 2032-73 Jun-32 91,608 106,834 73,744 310,543 7,160 1,815 8,447 351,809 300,266 1,552,184 125,O00 2,429,863 Jan-33 194,016 226,268 156.185 657,709 15,185 3,844 17,889 745,107 635,943 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-34 225,477 262,959 181,512 764,363 17,624 4,467 20,790 865,934 739,067 3,082,194 2034-35 Jun-34 112,865 131,627 90,858 382,611 8,822 2,236 10,407 433.453 369,949 1,888.755 125,000 1,993,7, 55 Jan-35 244,717 285,398 197,000 829.587 19.128 4,849 22,564 939,825 602,132 3,345,200 125,- 3,345200 2035-36 - ,002,134 Jun-35 112,457 2 131,151 90,529 381,228 8,790 2,228 10,369 431,884 368,609 1,877,134 125,000 ,D02,134 Jan-36 240,621 280,620 193,703 815,699 18,B08 4,767 22,186 924,092 788,704 3,304,200 200 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 2,508 11,664 485,814 414,638 1,729,200 125,000 1,178,532 2037-38 Jun-37 - - - - - 1,729,200 Jan-38 _ _ _ - - - 369,950 - 125,000 494,950 TOTALS 5,221,588 6,089,597 4,203,440 17,701.069 408,146 103,454 481,455 20,053,244 7115,270 85,549,608 2,653,000 6,483,553 209,957,982 Source:RDPS3,ROPS2 and ROPS1 Prepared by Keyser Marston Associates,Inc. 29 Filename:HB_CF_2013-01-09_Scenario2:Expenses:11912013:GSH:Page 10 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 Brtali Waterfall Waterfall Waterfall Waterfall1 Waterfall Waterfall Redevelopment Agency 1 2 3 4 5 6 7 ROPS3 Line Item WATERFALL SUBTOTALI WATERFALL SubT of Other SubT of Other Available Above End Balance SUBTOTAL 2 Enforceable Obligation Descrlp0on Semi Annual Repayments Costs without FY 2012-13 Beg Balance Property Tex Loan Taxing Entity SERAF Debt Less SERAF SERAF Debt Available After Starting Bond Debt without SERAF ROPS3 Line Item w ROPS 5 Service Bond Fees and City GF Loans Obligations 4149 Admin Allowance Over/(Under) Distribution at Obligation 2009 Add interest Subtotal 2009 Repayment Obligation 2009 2009 SE RAF 50% 0.53% 100.00% Amount Outstanding per ROPS3 of Available Termination Dale 2011-12 ROPS1 Jan-12 2012-13 ROPS2 Jun-12 ROPS3 Jan-13 2013-14 1un-13 Jan-14 7,970,000 3,237,642 1,822,284 5.160 1,496.008 34,985 143,213 3,063,012 1,526,505 31,822 284 19,587 1,837,489 1,859 (1,528,505) 1,831 851 2014-15 Jur1-14 4,106,000 - 734,936 3,163,504 175,861 125,000 (93,301) - Jan-15 7,970,000 3.248,400 5,160 6,000 15.000 125,000 4,670,440 2,285,219 1,831,851 9,617 1,841,468 (1,841,468) _ 389185 2015-16 Jun-15 4,108,000 - - 734,936 2,310,534 157,159 125,000 778,371 389,185 - _ 1,716,300 132,157 3,432,600 1,718,300 - _ 370,443 Jar1-16 7,970,000 3.287,983 5,160 1,112,119 _ _ 2016-17 Jun-16 4,106,000 - 734,936 2,342,492 162,686 126.000 740.888 370,443 - _ _ 1,696,532 133,309 3,393.066 11696,532 452,243 Jarr17 7,970,000 3,302,033 5,936 2,375,089 - - _ _ - - 2017-18 Jun-17 4,308.000 - 734,936 2,375,089 168,488 125,000 903,912 866,958 _ _ 1,886,956 Jan-18 8,363,000 3,318,868 5,160 1,155,233 15,000 134,828 3.733,912 1,868,958 _ _ 803.041 2018-19 Jun-18 4,308,000 - - 2.402,337 174,581 125,000 1,606,082 803.041 - _ _ 1,847.662 Jan-19 8,363,000 3,345,647 5,160 1,180,528 135,940 3.695,725 1,847,862 782.685_ _ - - 2019-20 Jur1-19 4,308,000 - - 2,436,251 180,978 125,000 1,565,771 762,885 _ 2,573,922 Jar1-20 8,363000 1,878,666 5,160 1,206,330 - 125,000 5,147,844 2,573,922 762,230 - 2,470,843 187,698 125,000 1,524.461 782,230 _ _ 2,554,883 z02o-21 Jun-20 4,308,000 Jan-21 8.363,000 1.875,425 5,160 1,232,648 95,000 125,000 5,109,767 2,554,882 _ 741062 2a21-22 Jun-21 4,308,000 - - 2,506,127 194,749 125,000 1,482.124 741,052 - _ _ 2,752,548 Jar1-22 8,363,000 1,468,250 5,160 1,259,492 - 125,000 5,505.098 2,752,548 _ _ 719,364 2022-23 Jun-22 4,308000 - - 2,542,116 202,164 125,000 1,438,730 719,364 _ _ 2,738,358 125,000 5,476,717 2,738,358 _ 697,122 Jan-23 8,363,000 1,469,250 5,180 1,286,873 _ - 2023-24 Jun-23 4,308,000 - - 2,578,825 209,930 125,000 1,394,245 697,122 _ _ 2,853,019 Jan-24 8,363,000 1.197,000 5,160 1,314,802 15,000 125,000 5,706,038 2853,019 _ _ 674,317 2024-25 Jun-24 4,308,000 - - 2,616,269 218,095 125.000 1,348,636 674,317 = _ _ 2,860.525 125,000 5,721,051 2,860.625 967,901 Jan-25 8,383.000 1,1B8,500 5,160 1,343,289 - - 2025-29 Jun-25 4,308,000 - - 2 020,528 228.688 125,000 1,935,604 967,901 _ _ 3.432,827 Jarr26 8.3B3,000 - - 1,372,346 - 125,000 6,885,654 3,432,827 _ _ 1,597.425 2026-27 Jun-26 4.305.000 - - 752,479 235,670 125,000 3,194,851 1,597,425 Source:ROPS3,ROPS2 and ROPS1 30 Prepared by Keyser Marston Associates,Inc. Filename:HB_CF_2013-01-09_Scenario2:Expenses:1/9/2013:GSH:Page 11 of 16 Table 3 Cash Flow/RPTTF Funding Forecast-Enforceable Bas - Exhibit C-4(Continued) Obligations Baseddonon ROPS 3 Successor Agency to Huntington Beach Waterfall Waterfall Waterfall Redevelopment Agency Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall 1 2 3 4 5 B 7 ROPS3 Line Item e 9 10 11 12 13 1q WATERFALL Enforceable Obligation Description Seml Annual SUBTOTAL 1 Sub of Other SubT of Other Available Above Properly To Loan Repayments Costs without WATERFALL Starling Bond Debt FY 2012-13 Beg Balance End Balance SUBTOTAL 2 without SERAF ROPS3 Line Ilem Taxing Entity SERAF Debt Less SERAF SERAF Debt Available After Amount Outstanding per ROPS3 w ROPS 5 Service Bond Fees and City GF Loans Obligations 41-09 Admin Allowance Over/(Under) Dl,bibution at Obligation 2009 Add Interest Subtotal 2009 Repayment Obligation 2009 2009 SERAF Termination Dale 50% 0.53% 100.00% of Available Jan-27 8,363,000 - - 1,401,964 15,000 125,000 6,891,016 3,410,507 2027-28 Jun-27 4,308,000 - - 752,479 245,122 125,000 3,185,399 1,592,699 _ - - - 3,410,507 Jar-28 8,363,000 - - 1,432,215 _ - - - - - 1,592,699 2028-29 Jun-28 4,308,000 - 125,000 6.805,785 3,402,892 - _ _ _ 3,402,892 752,479 255,046 125,000 3,175,475 1,587.737 _ Jan-29 4,308,000 - - 1.483,050 _ - - 1,587,737 2029-3o Jurr29 4,308,000 _ 125,000 6,774,950 3,387,474 - - - - 3,387,474 752,479 265,467 125,000 3,165,054 1.582,527 _Jan-30 8,363,000 - - 1,494.503 15,000 125,000 6,728,497 3,384,248 _ - - 1.582,527 2030-31 Jun30 4,308,000 - - 752,479 276,408 125,000 3,154.113 1,577,056 _ - - 3,364,248 Jan-31 8,363,000 - - 1.528,584 _ - - - 1,577,056 2031-32 Jun-31 4,308,000 _ 125.000 6,711,418 3,355,708 - - - - 3,355,708 559,307 287,- 125,000 3,142,624 1,571,311 _ _Jan32 4,308,000 - - 1,559,307 - 125,000 6,678,693 3,339,346 - 3,339,346 2032-33 Jun-32 8.363,000 - - 752,479 299,980 125,000 3,130.561 1,565,280 3,339,348 Jan-33 4,308,000 - - 1,592,884 15,000 125,000 6,830.316 3.315,157 _ - - 1,565,280 2033-34 Jan-33 8,36 3,000 - - 750,675 312,627 125.000 3,119,698 1,559,849 - 3,315,157 Jan-34 4,308,000 - - 532,514 - - - - 1,559,849 2034-35 Jun34 4,308,000 _ 125,000 7,705,486 3,852,743 _ _ _ 3,852,743 - 325,926 125,000 3,857,074 1,928,538 - - 1,852,743 Jar-35 8,363,000 - - 8,363,000 4.181,500 2035-3s Jur-35 4,308,000 _ _ - - - - - 4,181,500 315.000 125,000 3,843,109 1,921,554 - - 1,921,554 Jan-36 2.227,000 - - 15.000 125,OOD 8,223.000 4,111,500 _ _ _203637 Jun-36 4,323,000 _ _ _ 354,554 125.000 1,747.446 873,723 - 4,111,500 873723 Jan-37 4,323,D00 _ _ _ - - - - 873,723 2037-38 Jun-37 _ _ - - 4.323,000 2,161,500 - - - - 2,161.500 Jan-38 _ - 369.950 125,000 (494,950) - TOTALS Source:ROPS3,ROPS2 and ROPS1 Prepared by Keyser Marston Associates,Inc. 31 Filename:HB_CF_2013-01-09_Scenario2:Expenses:11912013:GSH:Page 12 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 Waterfall Waterfall Redevelopment Agency 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 41.00 42.00 43.00 44.00 45.00 46.00 ROPS3 Una Item Third Block West Second Block Enforceable Obligation Description WATERFALL Beg Balance End Balance SUBTOTAL 3 Beg Balance Huntington Center Development in Relocation, ProjJIGyect 8 Street Imp SERAF Debt Lass SERAF SERAF Debt Available for Non Obligation Less Lina Items Lend Right of Way Main Pier RP Ph Downtown Main Property Acq& Pro)acl Property Strand Project Acq Costs II Land Acquisition Plar Land Acq Project Costs Acq Relocation Costs Obligation 2010 Add Interest Subtotal 2010 Repayment Obligation 2010 at Items 4149 Add Interest Subtotal 41-49 Repayment s Amount Outstanding per ROPS3 0.53% 100.00% 80.006 1.91% 100.00% 7.3% 6.5% 5.9% 24.8% 0.6% 0.1% Terminalion Date of Available of Available 296,498 345,786 238,884 1,005,122 23,176 5,874 2011-12 ROPS1 Jan-12 2012-13 ROPS2 Jun-12 ROPS3 Jan-13 - 2013-14 Jun-13 _ - - - - - - Jan-14 7D3,413 3,693 707,105 - 707,105 - 80,370,440 1,150,057 81,520,497 2014-15 Jun-14 707,105 3.712 710,818 - 710,81B - 81,520,497 11171,965 62,692,462 _ - - - - Jan-15 710,818 3,732 714,550 (443,750) 270,800 - 62,692,462 1.194,291 63,886,754 2015-16 Jun-15 270,800 1,422 272,221 (272,221) - 93,571 63.886,754 11217,043 65,103,796 (93,571) (6,845) (7 983) (0,859) (40,504) ,851) (990) Jan-16 - - - - 1,373,040 65,010,225 1,238,445 68,248,670 (1,373,040) (100,444) (117.142) (80,959) (340,504) (7,851) (1,990) 2016-17 Jun-16 - - - - 296,354 64,875,630 1,235,681 66,111,511 (296.354) (21,680) (25,2B4) (17,452) (73,494) (1,695) (430) Jan-17 - - - 1,357.226 65,815,157 1,253,779 67,068,935 (1,357,226) (99,287) (115,793) (79,928) (336,583) (7,761) (1,987) 2017-te Jun-17 - - 361,794 65,711,710 1,251,808 86,963,516 (361,794) (26,467) (30,867) (21,306) (89,723) (2,069) (524) Jun-18 - - - - 1,493,565 66,801,723 1,268,763 87,670,468 (1,493,565) (109,261) (127,424) (87,957) (370,394) (9,540) (2,165) 2018-19 Jun-18 - - - 642,433 68,376,921 1.264.480 67,641,402 (642,433) (46,997) (54.810) (87,057) (366,606) (8,453) (931) Jan-19 - - - - 1,478,290 66,998,969 1.276,330 68,275,299 (1,478,290) (108,144) (126,121) (87,057) (366,606) (8,453) (2,143) 2019-20 Jun-19 628,308 66,797,010 1,272,483 68,069,493 (626,308) (45,817) (53,434) (38,884) (155,320) (11,581) (2(908) Jan-20 - - - 2,059.138 67,443,185 1,284,793 68,727.977 (2,059,136) (150,636) (175,677) 2020-21 Jun-2D - - - 609,784 66,668,840 1,270,D41 67,938.881 (609,784) (44.609) (52,024) (20.367) (50,875) (1,687) (962) Jan-21 - - - 2,043,906 67.329,097 1,262,619 88,611,716 (2,043.906) (149,521) (174,377) ((34,913) (147,023) ((390) (2(859) 592,850 66,567,810 1,268,117 67,835,927 (592,850) (43,370) (50,579) (34,913) (546,090) (2,592) ,192) 2021-22 Jun-21 - - Jan-22 - - - - 2,202,036 67,243,077 1,260,981 68,524.058 (2,202,038) (181,09D) (187,868) (129,879) (546,090) (12,592) (3,192 2022-z3 Jun-22 - - - 575,491 66,322,019 1.263,434 67.585,454 (575,491) (42,100) (49,D98) (33,891) (142.718) (3,291) (834) Jan-23 2,190,886 67,009,963 1,278,540 68,286,503 (2,190,686) (160,259) (186.900) (129,011) (543,275) (12,527) (3,175) 2023-24 Jun-23 - - - 557,698 66,095,816 1,259,125 67,354,941 (557,698) (40.798) (47,580) (32,843) (566,023) 13,051) ,30 Jan-24 - - - - 2,282,415 66,797,244 1,272,487 68,069,731 (2,282,415) (166,970) (194,726) (134,412) (586,023) (13,051) (3,306) 2024-25 Jun-24 - - - 539,454 65,787,316 1,253,248 67,040,565 (539,454) (39,464) (46,024) (31,769) (133,761) (3,085) (782) Jan-25 - - - - 2,288,420 66.501,111 1,266,846 67,767,957 (2,286,420) (167,409) (195,238) (134,766) (567,512) (13,096) (3,317) 2025-26 Jun-25 - - - 774,321 65,479,537 1,247,385 66,726,922 (774,321) (56,645) (66,062) (45,600) (192,026) (4,428) (1,122) Jan-26 - - 2,746,262 65,952,601 1,256,397 67,208,999 (2,746,262) (200,902) (234,299) (161,729) (316.920) ((7,307) (1,852) 2020-27 Jun-26 - - - - - 1,277,940 64,462,737 1,228,015 65,690,752 (1,277,940) (93,487) (109.026) (75,256) (316,920) (7,307) (1,852) Source:ROPS3,ROPS2 and ROPS1 32 Prepared by Keyser Marston Associates,Inc. Filename:He CF 2013-01-09_Scenarto2:Expenses:11912013:GSH:Page 13 of 16 Table 3 Cash Flow/RPTTF Funding Forecast-Enforceable Exhibit C-4(Continued) 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 Waterfall 26 27 28 30 ROPS3 Line Ilem 41.00 42.00 43.00 44,00 45.00 46.00 Enforceable Obligation Description WATERFALL Beg Balance Third Block West Second Block End Balance SUBTOTAL 3 Beg Balance Hunlington Center Development of Relocation, Ailey&Street Imp Obligation 2010 SERAF Debt Less SERAF SERAF Debt Available for Non Obligation Less Line Items Lend Rlghl of Way Main Pier RP Ph Downtown Main Property Acq& Pro)ecl Property Strand Project Add interest Subtotal 2010 Repayment Obligation 2010 at Items 41-49 Add interest Subtotal 41-49 Repayment Acq Costs II Land Acquisition Pler Land Acq Project Costs A Amount Outstanding per ROPS3 0.53% j Acq Relocation Costs 100.00% 80.00% 1.91% 7.3% B.5% 5.9% 24.8% 0.6% 0.1% 100.00% Tenninallon Dale of Available of Available 296,498 345,786 238,684 1,005,122 23,178 5,874 Jan-27 - - - - - 2,728,408 64,412,812 1,227.084 65,839,878 2,728,406 199,596 2027-2& Jun-27 _ _ ( ) ( ) (232,778) (160,877) (676,628) (15,601) (3,955) - 1,274,159 62,911,471 1,198,464 64,109,934 (1,274,159) (93,211) (108,706) (75,036) (315,983) (7,288) (3,955) Jan-28 - - 2,722,314 62.835,775 1,197,022 64,032,796 2o2e-2B Jurr28 _ _ _ (2,722,314) (199,150) (232,258) (180,318) (875,115)� (15,567) (3 948) 1,270,190 61,310,483 1,187,985 62,478,447 (1,270,190) (92,920) (108,367) (74,802) (314,998) (5,567) (3,946) Jan-29 - - - - 2,709,979 61,208,258 1,166,017 62,374,275 2029-3o Jun-29 - _ _ (2,709,979) (198,248) (231,204) (159,592) (672,056) (15,496) (3,928) - - 1,266,022 59,664,296 1,138,605 60,800,901 (1,266,022) (92,615) (108,011) (74,557) (313;985) (5,496) (1,928) Jan-30 - - 2,691,398 59,534,879 1,134,139 60,669,019 2030-31 Jun-30 _ - _ (2,891,398) (196,889) (229,818) (158,498) (687,448) (15,390) (3,901) Jan-31 1.261,645 57,977,620 1,104,474 59,082,094 (1,261,645) (92,295) (107,638) (74,299) (312,679) (7,214)- - - 2,684,566 57,820,449 1,101,460 58,921,929 (1,829) 2031-32 Jun-31 _ _ _ (2,684,568) (196,389) (229,038) (158,095) (685,754) (15,351) (3,891) 1,257,049 56,237,362 1,071,322 57,308,684 (1,257,049) (91,959) (107,246) (74,028) (311,739) (7,188) (3,891) Jan-32 _ - - 2,671.477 56,051,635 1,067,784 57,119,419 (2,671,477) (195,431 zo32-33 Jun-32 _ _ ) (227,919) (157,325) (662,508) (15,276) (3,872) 1,252,224 54,447,942 1,037,233 55,485.175 (1,252,224) (91,608) (106,834) (73,744) (310,543) (5,276) (3,872) Jan-33 - - - 2.852,126 54,232,951 1,033,138 55,266,089 (2,652,126) (194,016 2033-34 Jun-33 _ _ ) (228,268) (156,185) (657,709) (15,165) (3,844) 1,247,879 52,813,963 1,002,298 53,616,259 (1,247,879) (91,288) (106,464) (73,468) (309,465) (5,165) (1,844) Jan-34 - - - 3,082,194 52,368,380 997,618 53,365,998 2034-35 Jun-34 _ _ _ (3,082,194) (225,477) (262,959) (181,512) (764,363) (17,624) (4,467) 1,542,629 50,283,804 957,906 51,241,710 (1,542,829) (112,865) (131,627) (90,858) (382,611) (7,624) (4,467) Jan-35 - - - 3,345,200 49,698,881 948,764 50,645,645 2035-36 Jun-35 _ _ _ (3,345,200) (244,717) (285,398) (197,000) (829,587) (19,128) (4,849) - - 1,537,243 47,300,445 901,073 48,201,518 (1,537,243) (112,457) (131,151) (9D,529) (381,226) (9,128) (4,849) Jan-36 - - - 3,289,200 46,684,275 888,954 47,553,230 (3,289,200) (240,621 2036-37 Jun-36 _ _ ) (280,620) (193,703) (815,699) (18,808) (4,767) 698,978 44,264,030 643,230 45,107,259 (698,978) (51,134) (59,634) (41,163) (173,342) (8,808) (4,767) Jan-37 = - - 1,729,200 44,408,281 845,978 45,254,259 (1,729,200) (126,499 2037-39 Jun-37 _ - ) (147,528) (101,833) (426,830) (9,888) (2,506) - - - 43,525,059 829,152 44,354,211 _ Jan-38 - - _ 44,354,211 844,946 45,199,159 TOTALS Source:ROPS3,ROPS2 and ROPS1 Prepared by Keyser Marston Associates,Inc. 33 Filename:H8_CF_2013-01-09_Scenario2:Expenses:1/9/2013:GSH:Page 14 of 16 Table 3 Exhibit CA(Continued) Cash Flow/RPTTF Funding Forecast-Enforceable Obligations Based on ROPS 3 Successor Agency to Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall Huntington Beach Waterfall Waterfall Waterfall Waterfall Waterfall Waterfall 41 42 43e s 4G 47 Redevelopment Agency 31 32 33 34 35 3s 37 38 39 40 ROP53 Line Item 47.00 48.00 49.00 WATERFALL WATERFALL Beg Balance Less End Balance WATERFALL Enforceable Obilgallon Descrlption Plerside Hotel SUBTOTAL 4 - Emerald Cove Emerald Cove SUBTOTAL 6 Retail f:Parking Strand Project End Balance Available to Beg Balance End Balance SUBTOTAL 5 Emerald Cove City Loan City Loan Remaining structure Waterfront Comml Property Acq Obllgatbri Repay City GF City GF Loan Less City OF City OF Loan Remaining City Loan Relocation Costs Master Site Plan Costs Items 41-49 Loans Repayment Add Interest Sublolal Repayment Repayment Available Repayment Add Inleresl Subtotal Repayment Repayment Repayment Available 0.53% 100.00% 0.53% Amount Outstanding per ROPS3 0.7% 28.1% 24.0% of Available of Available Termination Date 27.339 1,138.688 971,859 2011-12 ROPS1 Jan-12 City staff to add accrued rote est to ROPSS period 2612-13 ROPS2 Jun-12 ROPS3 Jan-13 2013-14 Jun-13 F6O 97 17512 91,940 17,6 04,28 - 17690 - 5, 63 29, 576, -- 567,108,,19 Jan-14 00 17.696,708 5,706,24 ,958 5.73 ,192 5.736,19 2014-15 Jun-14 62 17,604,28 92,42 , , 5,736,192 30,115 5,766,307 5,768,307 54 17,098,700 92, 17, 8 , 1 17, 8 , 1 5,798,580 Jar-15 5 93,395 17803012 17,883,012 5,768,307 30.273 5,796,580 2 2015-16 Jur-15 (631) (26,289) (22437) 2 17,789.616 8 _ 5,798,500 30,432 5,027,012 - 5,82701 30 49, 36) 17,883,012Jar-16 (9.261) (365,752) 22 93,886 17,976,897 5,827,012 30,592 5,857,604 5,857,806 2016-17 Jun-18 (1,999) (83,260) (71,8) 57 17,976,697 94,379 18,071,276 1807276 1 18,188,150 5,857,804 30,752 5,888,356 5,888,35 Jan.17 (9,155) (381,309) (325 18166150 5,919,270 18,168,150 95,372 18,281,523 18 5,808,356 30,914 5,919,270 2017-18 Jun-17 (2,440) (101,645) (8873) 01,72 - 10,357,396 5,919,270 31,076 5950,348 5,950.3416 8,158) 6 , Jao-18 (10,074) (419,613) 376,921 18,261,523 95;673 18,357,398 18,357,396 6,378 18,453,772 1 , 5 , 5,950,346 31,239 5,981,586 5,981,506 2016-19 Jun-18 (4,333) (180,490) (15404 ,969 16,550654 581,586 31,403 812,989 6,012,989 01 Jar-19 (9,971) (415,321) 4,473) 68,7970 18,453,772 98,882 18,550854 18,648,045 6,012,969 31,568 8,044,557 8,044,557 2019-20 Jun-19 (4,225) (175,959) (150 g78,443115 18,550,654 97,391 18848,045 16,745,947 6,044,557 31,734 6,076,291 6,078.2921 668, (13,889) (578,509) (493,750) .40 18,648,045 97,902 18,745,947 Jarr20 64 1 , 4 , 9078,291 31,901 8,108,192 2020-21 Jun-20 (4,113) (171,317) (146 10) 2987 18,745,947 9 , , , 18,943,296 6,108,192 32,068 8,140,260 6,140,260 (490,Jan-21 (13,787) (574,230) 100) 8g,567,Os0 18,844,364 98,933 18,943,296 -- - _- - - - - - - - 6,140,260 32,236 6,172,496 - 6,172,496 - 2021-22 Jun-21 (3,999) (166,559) (142,157) 87,243,077 - 18,943,296 99,452 19,042,749 - 19,042,749 142,723 - 6,172,496 32,406 6,204,902 - 8,204,902 - Jan-22 (14,853) (618,657) (528,018) 66,322,019 - 10,042,749 99,974 19,142,723 _ 6,204,902 32,576 6,237,477 - 6,237,477 - 2022-23 Jun-22 (3,862) (161,663) (137,995) 67,O0,9,963 - 19,142,723 100,499 19,344,249 19,344,249 6,237,477 32,747 8,270,224 - 6,270,224 - Jan-23 (14,777) (615,467) (525,296) 66,095.818 - 19,243,222 101,027 19344,249 19,445,807 6,270,224 32,919 6.303,143 - 8,303,143 - 2oz3-z4 Jun-23 (3,762) (158,684) (133,728) 86,797,244 - 19,344,249 101,557 19,445,807 - 19,445,807 6,303,143 33,092 6,336,234 - 8,336,234 - Jan-24 (15,395) (641,238) (547,291) 85,787,318 - 19,445,007 102,090 19,547,897 19,547,897 6.336,234 33,265 6.369,500 - 8,369,500 - 19,850,524 2024-25 Jun-24 (3,839) (151,558) (129,353) 66,501,111 - 19,547,697 102,628 19,650,524 _ 6,369,500 33,440 8,402,939 - 8,402,939 - Jan-25 (15,436) (642,925) (548,731) 65,479.537 - 19,650,524 103,165 19,753,609 _ 19857:3.: - 6.402939 33,615 6,436,555 - 8,438,555 - 2025-26 Jun-25 (5,223) (217,543) (185,671) 85,952,601 - 19,753,689 103,707 19,057390 18,981847 - 6,430,555 33,792 6,470,347 - 6,470,347 - Jarr28 (10,524) (771,555) (658,515) 64,462,737 - 19,857,396 104,251 19,961.647 20,066,446 - 6,470,347 33,969 6,504,316 - 6,504,316 - 2029-27 Jun-26 (8,620) (359,034) (306,432: 64,412,612 - 19,981,647 104,799 20,066,448 - Source:ROPS3,ROPS2 and ROPS1 34 Prepared by Keyser Marston Associates,Inc. Filename:HB_CF_2ot3-Ot-09_Scenario2:Expenses:119/2013:GSH:Page 15 of 16 Table 3 Cash Flow/RPTTF Funding Forecast-Enforceable Exhibit CA(Continued) 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 38 37 38 39 40 41 42 43 44 45 48 47 ROPS3 Line Item 47.00 48.00 49.00 WATERFALL Enforceable Obligation Description Plerside Hotel SUBTOTAL 4 WATERFALL Be Balance Retail&Parking Strand Project End Balance 9 Less End Balance WATERFALL I Available to Beg Balance End Balance SUBTOTAL 5 Emerald Cove Emerald Cove Emerald Cove SUBTOTAL 8 Structure Waterfront Cement Properly Acq Obligation Repay City OF City OF Loan Less City OF City OF Loan Remainin City Loan 9 ry City Loan City Loan Remaining Relocation Costs Master Site Plan Costs items 4149 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% 1 0.53% 100.00% Termination Dale 27,339 1,13B,888 971,859 of Availlaableble of Available Jan-27 (18,404) (766,538) (654.234) 62,911,471 - 20,056,446 105,349 20,171,795 - 20,171,795 - 8,504,316 34,148 6,538.464 6,538,464 2027-28 Jun-27 (8,594) (357,971) (305,526) 62,835,775 - 20,171,795 105,902 20,277,697 - 20,277,697 - 6.538,464 34,327 6.572,791 6,572,791 Jan-28 (18,363) (764,828) (652,773) 81,310,483 - 20,277,697 106,458 20,384,154 - 20,384,154 - 6,572,791 34,507 6,607,298 6,607,298 2028-29 Jun-28 (8,568) (356,856) (304,574) 61,208,258 - 20.384,154 107,017 20,491,171 - 20,491,171 986 Jan-29 (18,279 - 6,641,986 34,870 6,676.857 - 6,678,857 (781.361) (649,815) 59,864,298 - 20,491,171 107,579 20,598,750 - 20,598,750 - 6,841,988 34,870 6,878,857 6,878,857 2029-30 Jun-29 (8,540) (355,685) (303,574) 59,534,879 - 20,598,750 108,143 20,706,893 910 Jan-30 (18,154 - 20,815,605 - 6,711,910 35,238 8,747,148 - 8,747,148 (756,141) (645,360) 57,977,620 - 20,706,893 108,711 20,815,605 20,815,605 - 8,711,910 35,238 8,747,148 - 8,747,148 2030-31 Jun-30 (8,510) (354,456) (302,525) 57,820,449 - 20,815,605 109,282 20,924,886 - 20,924,888 6,747,148 35,423 6,782,570 Jan-31 (18,108) (754,221) (643,722 56,237,382 - - 6,818,179 ) 20,924,886 109,858 21,034,742 - 21,034,742 - 8,782,570 35,808 8,818,179 8,818,179 2031-32 Jun-31 (8,479) (353,164) (301,423) 56,051,635 - 21,034,742 110,432 21.145,174 Jan-32 (18,020 - 21, 50,187 - 6,853,974 35,983 6,889,957 - 6,889.957 (351,809) (300,266) 54,232,951 - 21, 58,187 111,595 21,387,182 - 21,367,787 - s,853s74 35s83 6,889,957 6,889,957 2032-33 Jun-32 (8,447) (351,809) (300,266) 54,232,951 - 21,258,187 111,595 21,387,782 - 21,367,782 8,889,957 36,172 8,928,130 - Jan-33 (17,689) (745,107) (635,943 52.613.963 - - 6,926,130 _ 21,367,782 112,181 21,479,982 - 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 21,592,732 045 Jan-34 (20,790 - 21,706,094 - 6,999,045 36,745 7,035,790 - 7,035,790 (865,934) (739,067) 50,283,804 - 21,592,732 113,362 21,708,094 21,706,094 - 8,999,045 38,745 7,035,790 - 7,035,790 2034-35 Jun-34 (10,407) (433,453) (369,949) 49.698.881 - 21,706,094 113.957 21,620,051 - 21,820,051 - 7,035,790 36,938 7,072,728 7,072,726 Jan-35 (22,564) (939,825) (602,132) 47,300,445 - 21,820,051 114,555 21.934,606 - 21,934,608 - 7,072,728 37,132 7,109,860 2035-38 Jun-35 (10,369) - (431,864) (368,609 46.664,275 - _ - 7,147,18 - ) 21,934,608 115,157 22,049,783 22,049,763 - 7,109,860 37,327 7,147,186 7,1 , 86 Jan-36 (22,186) (924,092) (788,704) 44,264,030 - 22,049,763 115,761 22,165,524 22.165,524 - 7,147,188 37,523 7,184,709 2036-37 Jun-36 (4,715) (196,376) (167,605 44,408,281 - - 7,222,429 - ) 22,281,893 116,980 22,398,873 22,281,893 - 7,184,709 37,720 7,222,429 7,222,429 Jan-37 (11,664) (485,814) (414,638) 44,354,211 - 22,398,873 117,594 22,516,467 - 22,398,873 - 7,222,429 37,918 7,260,347 7,260,347 2037-38 Jun-37 - - - 44,354,211 - 22,398,873 117,594 22,516,467 - 22,516,467 - 7,260,347 38,117 7,298,464 7.298,464 Jarr38 - - - 45,199.159 - 22,516,467 118,211 22,634,679 - 22,634,679 - 7,298,464 38,317 7,336,780 - TOTALS - 7,336,780 - Source:ROPS3,ROPS2 and ROPS1 Prepared by Keyser Marston Associates,Inc. 35 Filename:HR_CF_2013-01-09_Scenario2:Expenses:11912013:GSH:Page 16 of 16 Exhibit CA(Continued) Table 4 Tax Increment Revenue Projection Merged Redevelopment Project(Including Southeast Coastal) Huntington Beach Redevelopment Agency is 8 13 14 15 16 17 000's Omitted) 1 2 3 4 5 6 7 9 10 11 12 TI After TtAfter Semi Annual Ptax Gross duly-dune 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 DistOShare Share Pass Thru Throughs True Up Throughs 34 h 66 Year 93% (HQ HC (HQ Various OV) O O O S8211 OO9, Adjust OO8, Jun Jan 9,630 (1,370) 8,260 NA 8,260,099 ROM 2011-12 - 11,496 .1,055 10,441 3,428,586 7,012,392 ROPs2s3 2012-13 59 qg 35 0 (1,204) 12,426 (350) 12,076 4,106,000 7,970,000 2013-14 13,988 (128) (41) (9) (8) (17) (9) ( ) ( ) O ( ) O ( ' ) 201415 13,988 (12B) (41) (9) (B) (17) (9) (59) (49) (4) (35) (0) (1,204) 12,426 (350) 12,076 4,106,000 7,970,000 2015-15 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 2016-17 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 2017-18 15087 (141) (45) (19) (8) (17) (9) (61) (50) (4) (37) (1) (1,679) 13,022 (350) 12,072 4,308.000 8,363.000 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 2019-20 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 2019-21 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 8,363,000 202 5-2 15,087 (141) (45) (10) (9) (18) (9) (61) (50) (4) (37) (1) (1,679) 13,022 (350) 12,672 4,308,000 8,363,000 202 -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 5 202 -2 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 (350) 12,672 4,308,000 8,363000 , 2028-29 15,087 (141) (45) (10) (9) (18) (9) (61) (50) (4) (37) (1) (1,679) 13,022 2029-30 15,067 (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 2031-31 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 (37) (1) (1,679) 13,022 2032-33 15,087 (141) (45) (10) (9) (18) (9) (61) (50) (4) (350) 12,672 4,308,000 8,363,000 2033-34 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 2034 35 15,Ofi7 (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) 16,550 2,227,000 4,323,000 2036-37 7,745 0 0 0 0 0 0 0 0 0 0 0 (845) 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 Prepared by Keyser Marston Associates,Inc. 36 Filename:HB_CF_2013-01-09_Scenario2:PTax Sum:1/9/2013:8:22 PM:GSH Table 4.1 Exhibit CA (Continued) 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 Go Water Pass Thru After Plan Fiscal Property Property Project Over.Base Increment Share Triggered Tax Yr Year Value Value Value $1,801 93% -0.82% by SB211 Sharing Reported 29 2011-12 56,965 179 57,145 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 35,007 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 SB104509-20-2023 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 S81096 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 S8104509-20-2033 51 2033-34 34,971 37 35,007 33,207 308 0 31 338 SB109609-20-2034 52 2034-35 34,971 37 35,007 33,207 308 0 31 338 SB1096 09-20-2035 53 2035-36 34,971 37 35,007 33,207 308 0 31 338 Prepared by Keyser Marston Associates, Inc. Filename:HB_CF_2013-01-09_Scenario2:YT: 1/9/2013:8:23 PM:GSH 37 Exhibit C-4 (Continued) Table 4.2 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 Limit 09-20-2022 40 2022-23 63,438 98 63,537 61,724 573 0 (25) 548 SB104509-20-2o23 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 r 61,724 573 0 (25) 548 44 2026-27 63,438 61,724 573 0 (25) 548 45 2027-28 63,438 61,724 573 0 (25) 548 46 2028-29 63,438 61,724 5730 (25) 548 47 2029-30 63,438 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) 548 548 TI Receipt09-20-2032 50 2032-33 63,438 98 63,537 61,724 573 0 (25) 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 98 1 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 Table 4.3 Exhibit CA (Continued) 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 2017-18 240,675 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) 2,082 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 SB109609-20-2024 42 2024-25 249,675 22,258 271,933 265,774 2,467 0 (385) 2,082 SB1096 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) 2,082 TI Receipt 09-20-2032 50 2032-33 249,675 22,258 271,933 265,774 2,467 0 (385) 2,082 SB1045 09-20-2033 51 2033-34 249,675 22,258 271,933 265,774 2,467 0 (385) 2,082 SB 1096 09-20-2034 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 22,258 271,933 265,774 2,467 0 (385)1 2,082 Prepared by Keyser Marston Associates,Inc. Filename:HB_CF_2013-01-09_Scenario2:MO: 1/9/2013:8:23 PM:GSH 39 Exhibit C-4(Continued) Exhibit C-4(Continued) Table 4.4 Tax Increment Oakview Project Huntington Beach 7 8 9 10 11 12 13 14 15 000's Omitted 1 2 3 4 5 6 Total Total Annual Incremental Gross 50% 00% 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 Plan Fiscal Property Property Project Over Base Increment Share Share USD-2Share Dist Share Share Dist Share Share-010% -0,75% bySB21d Tax 1 Sharing Yr Year Value Value Value $23,335 93°/, 7.1°/ 1.8°/ 25.5% 21% 1.23% 0 (39) 819 Reported 29 2011-12 134,281 4,087 138,368 115,085 1,068 (25) (13) (67) (55) (4) (36) (1) 21 652 Reported 30 2012-13 136,335 5,276 141,610 118,275 851 (18) (9) (60) (49) (1) (35) (10 00 (19) 631 31 2013-14 112,113 5,276 117,389 94,054 822 (17) (9) (59) (49) (4) ( ) ( ) 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 (1 9) 631 34 2016-17 112,113 5,276 117,389 94,054 822 (17) (9) (59) (49) (4) (35) (0) 0 (25) 666 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 5,276 117,389 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) ( ) ( ) (50 ( ) ( ) (1) 0 (25) 666 117,389 94,054 872 (18) (99) (6161) (50 (44) (371) 39 2021-22 112.113 5,276 0 (25) 666 Plan Limit 11-01-2022 40 2022-23 112,113 5,276 117,389 94,054 872 (18) O ( ) ( ) O (37) () O 666 SB104511-01-2023 41 2023-24 112,113 5,276 117,389 94,054 872 (18) (9) (61) (50) (4) (37) (1) 0 (25) 666 SBI09611-01-2024 42 2024-25 112,113 5,276 117,389 94,054 872 (18) (9) (61) (50) (4) ( ) ( ) sBlossl1-01-2025 43 2025-26 112,113 5,276 117,389 94,054 872 18) 9) (61) (50) (4 37) (1) 0 (25 666 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) ( ) ( ) ( ) ( ) ( ) 0 (25) 666 46 2028-29 112,113 5,276 117,389 94,054 872 (18) (9) (61) (50) (4) (37) (1) 666 47 2029-30 112,113 5,276 117,389 94,054 872 (18) (9) (61) (50) (4) (37) (1) 0 (25) 48 2030-31 112,113 5,276 117,389 94,054 872 (18) (9) (61) (50) (4) (37) (1) 0 (25) 666 0 (25) 666 49 2031-32 112,113 5,276 117,389 94,054 872 (18) (9) (81) (50) (4) (37) (1) 0 (25) 666 Tl Receipt 11-01-2032 50 2032-33 112,113 5,276 117,389 94,054 872 (18) (9) (61) (50) ( ) ( ) ( ) 0 (25) 666 sB104511-01-2033 51 2033-34 112,113 5,276 117,389 94,054 872 (18) (9) (61) (50) (4) (37) (1) ) 666 SB109611-01-2034 52 2034-35 112,113 5,276 117,389 94,054 872 (18) ( ) (61) (50) (4) (37) (1) 0 (25) 666 S8109611-01-2035 53 2035-36 112,113 5,276 117,389 94,054 872 18) (9) Prepared by Keyser Marston Associates,Inc. 40 Fllename:HB_CF_2013-01-09_Scenario2:OV:1/9/2013:8:23 PM:GSH Table 4.5 Exhibit C-4 (Continued) Tax Increment Main-Pier Added Huntington Beach (000's Omitted) 1 2 3 4 5 6 7 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 7745 (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 Limit09-06-2023 40 2023-24 855,588 28,154 883,742 834,243 7,745 (845) 6,900 SB 1045 09-06-2024 41 2024-25 855,588 28,154 883,742 834,243 7,745 (845) 6,900 SB109609-06-2025 42 2025-26 855,588 28,154 883,742 834,243 7,745 (845) 6,900 SB109609-06-2026 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 TI Receipt 09-06-2033 50 2033-34 855,588 28,154 883,742 834,243 7,745 (845) 6,900 SB104509-06-2034 51 2034-35 855,588 28,154 883,742 834,243 7,745 (845) 6,900 SB109609-06-2035 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 1 883,742 1 834,243 7,745 (845) 6,900 Prepared by Keyser Marston Associates, Inc. Filename:HB_CF_2013-01-09_Scenario2:MA: 1/9/2013:8:24 PM:GSH 41 Exhibit C-4 (Continued) Table 4.6 Tax Increment Huntington Center Huntington Beach 10 11 000's Omitted 1 2 3 4 5 6 7 8 9 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% -0.3074% -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 2014-15 352,292 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 2021-22 352,292 58,637 410,929 336,237 3,122 (141) (45) (10) (9) (429) 2,488 38 2022-23 352,292 58,637 410,929 336,237 3,122 (141) (45) (10) (9) (429) 2,488 39 2023-24 352,292 58,637 410,929 336,237 3,122 (141) (45) (10) (9) (429) 2,488 Plan limit 11-26-2024 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 2026-27 352,292 58,637 410,929 336,237 3,122 (141) (45) (10) (9) (429) 2,488 43 2027-28 352,292 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 2031-32 352,292 58,637 410,929 336,237 3,122 (141) (45) (10) (9) (429) 2,488 48 2032-33 352,292 58,637 410,929 336,237 3,122 (141) (45) (10) (9) (429) 2,488 49 2033-34 352,292 58,637 410,929 336,237 3,122 (141) (45) (10) (9) (429) 2,488 TI 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 2035-36 352,292 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:1/9/2013:8:24 PM:GSH Table 4.7 Tax Increment Southeast coastal Exhibit C-4 (Continued) Huntington Beach (000's Omitted) 1 2 3 4 5 6 7 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 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 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 Limit06-17-2032 30 2031-32 17,155 68,950 86,105 0 0 0 0 SB1045106-17-2033 31 2032-33 17,155 68,950 86,105 0 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 Tl Receipt 06-17-2047 45 2046-47 17,155 68,950 86,105 0 0 0 0 SB1045 06-17-2046 46 2047-48 17,155 68,950 1 86,105 1 0 0 0 0 Prepared by Keyser Marston Associates,Inc. Filename:HB_CF_2013-01-09_Scenario2:SE:11912013:8:24 PM:GSH 43 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 Reference: Total amount of assets held by the successor agency as of September 30,2012(procedure 5) $ 30,087,087 Exhibit C-1 Add the amount 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) (2,422,613) Exhibit C-2 Less assets that are not cash or cash equivalents (e.g.,physical assets)-(procedure 7) (21,170,451) 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) Exhibit C-4 Less balances needed to satisfy ROPS for the 2012-13 fiscal year(procedure 9) - Less the amount of payments made on July 12,2012 to the County Auditor-Controller as directed by the California Department of Finance Amount to be remitted to county for disbursement to taxing entities $ (0) 44