HomeMy WebLinkAboutRecognized Obligation Payment Schedule - ROPS - For the peri AGENDA REPORT
Huntington Beach Oversight Board of the Successor Agency
to the Redevelopment Agency
MEETING DATE: August 23, 2012
2) SUBJECT/ACTION: Approve the Recognized Obligation Payment
Schedule (ROPS) for the Period of January 1, 2013 through June 30, 2013; and
approve the Administrative Budget and Related Actions.
RECOMMENDED ACTION: Motion to:
1) Adopt Resolution No, 2012-02, "A Resolution of the Oversight Board of the
Successor Agency to the Huntington Beach Redevelopment Agency
Approving the Recognized Obligation Payment Schedule for the January 1
— June 20, 2013 Six-Month Fiscal Period ("Third ROPS")".
2) Adopt Resolution No. 2012-03, "A Resolution of the Oversight Board of the
Successor Agency to the Huntington Beach Redevelopment Agency
Approving the Successor Agency Administrative Budget and Related
Actions."
BACKGROUND AND DISCUSSION:
On December 29, 2011, the California Supreme Court upheld ABx1 26 and
directed that all redevelopment agencies in the State be dissolved effective
February 1, 2012. The passage of AB 1484 on June 27, 2012, amended certain
segments of ABx1 26 and was effective immediately upon signature by the
Governor. Included in the changes adopted in AB 1484 was a schedule for the
adoption of the Recognized Obligation Payment Schedule (ROPS) for the period
January 1, 2013, through June 30, 2013. The Oversight Board is requested to
approve the ROPS for the January through June 2013 time period, which was
approved by the Successor Agency on August 20. The approved ROPS is
required to be submitted to the Department of Finance (DOF) by September 1,
2012. DOF provided the form on which the ROPS were to be submitted.
As a result of the Court's ruling on the Dissolution Act, all redevelopment
agencies in California were dissolved effective February 1, 2012. The Dissolution
Act and AB 1484 prescribe the procedures to wind down the affairs of the former
redevelopment agencies. These provisions include the continued payment of
enforceable obligations, as defined in the law.
The Recognized Obligation Payment Schedule for January 1, 2013, through June
30, 2013, requests payment for enforceable obligations associated with the
former Redevelopment Agency's Tax Allocation Bonds, Development
Agreements, legal services, administrative and other costs.
The State Department of.Finance has the authority to review the ROPS and
return it to the Successor Agency and Oversight Board for reconsideration and
modification. Thereafter, the ROPS shall not be effective until approved by the
State Department of Finance.
The Administrative Budget for the January 1, 2013, through June 30, 2013,
period reflects a total of$357,500. This amount represents three percent (3%) of
the projected property tax receipts during this period.
Per Health and Safety Code Section 34177(m)(2), the City will be assessed a
$10,000 per "day penalty for failure to submit the ROPS on a timely basis.
Additionally, failure to submit the ROPS within ten (10) days of the deadline may
result in a 25% reduction of a Successor Agency's maximum administrative cost
allowance for the period covered by the delinquent ROPS.
Staff will be available to answer any questions regarding the attached ROPS.
FINANCIAL IMPACT:
The ROPS provides the County Auditor-Controller with a payment schedule for
the former Redevelopment Agency's enforceable obligations. Once approved by
the DOF, the Successor Agency will be entitled to receive property tax revenue
up to the amount of the DOF-approved enforceable obligations included in the
Payment Schedule.
Huntington Beach Oversight Board
Item No.2 Staff Report
August 23,2012
Page 2 of 2
RESOLUTION NO. 2012-02
A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR
AGENCY OF THE HUNTINGTON BEACH REDEVELOPMENT AGENCY
APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE
FOR THE JANUARY 1 —NNE 30, 2013 SIX-MONTH FISCAL PERIOD
("THIRD ROPS")
WHEREAS, pursuant to AB xl 26 (as amended by AB 1484, the "Dissolution Act"), the
separate legal entity known as the Successor Agency of the Huntington Beach Redevelopment
Agency (the "Successor Agency") must prepare "Recognized Obligation Payment Schedules"
("ROPS") that enumerate the enforceable obligations and expenses of the Successor Agency for
each successive six-month fiscal period until the wind down and disposition of assets of the
former Huntington Beach Redevelopment Agency; and
The Successor Agency staff has prepared a ROPS for the six-month fiscal period
commencing on January 1, 2013 and continuing through June 30, 2013 (the "Third ROPS")
which is attached hereto as Exhibit A; and
Under the Dissolution Act,the Third ROPS must be approved by the Successor Agency's
oversight board (the "Oversight Board"); and
Pursuant to the Dissolution Act, the duly constituted Oversight Board met at a duly
noticed public meeting to consider approval of the Third ROPS; and
After reviewing the Third ROPS presented to and recommended for approval to the
Oversight Board by Successor Agency staff, and after reviewing any written and oral comments
from the public relating thereto, the Oversight Board desires to approve the Third ROPS.
NOW, THEREFORE, the Oversight Board of the Successor Agency does hereby
resolves as follows:
1. The foregoing recitals are true and correct.
2. The Oversight Board hereby approves the Third ROPS in the form presented to
the Oversight Board and attached hereto as Exhibit A, and hereby determines that such
agreements and obligations constitute "enforceable obligations" and"recognized obligations"for
all purposes under the Dissolution Act.
3. The Oversight Board authorizes and directs the Successor Agency staff to: (i) take
all actions necessary under the Dissolution Act to post the Third ROPS on the Successor Agency
website; (ii) transmit the Third ROPS to the Auditor-Controller and the County Administrator of
the County of Orange and to the State Controller and the State Department of Finance (the
"DOF"); and (iii) to do any and all things and to execute and deliver any and all documents
which may be necessary or advisable in order to effectuate the purposes of this Resolution. In
1
12-3456/83594
Oversight Board Res - -tion No. 2012-02
addition, the Oversight Board authorizes and directs the Successor Agency staff to make such
non-substantive revisions to the Third ROPS as may be necessary to submit the Third ROPS in
any modified form required by DOF, and the Third ROPS as so modified shall thereupon
constitute the Third ROPS as approved by the Oversight Board.pursuant to this Resolution.
4. This Resolution shall take effect at the time and in the manner prescribed in
Health and Safety Code section 34179(h).
PASSED AND ADOPTED by the Oversight Board of the City of Huntington Beach at a
special meeting thereof held on the 2 3 r d day of. August , 20 12 .
Chairperson
otiv :
APPROVED: INIT PROVED:
Deputy Executive Director
APPROVED AS TO FORM:
Bo rd ounsel
2
12-3456/93594
Oversight Board Resolution No. 2012-02
EXHIBIT A
SUCCESSOR AGENCY OF THE HUNTINGTON BEACH REDEVELOPMENT AGENCY
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
January 1, 2013 through June 30, 2013
("Third ROPS")
[Behind this page.]
3
12-3456/93594
Successor Agency Contact Information
Name of Successor Agency: Huntington Beach Redevelopment Agency Successor Agency
County: Orange
Primary Contact Name: Lori Ann Farrell
Primary Contact Title: Director of Finance
Address 2000 Main Street,Huntington Beach,CA 92648
Contact Phone Number: (714)636-6225
Contact E-Mail Address: loriann.farrell@surfcity-hb.org _
Secondary Contact Name: Kellee Fritzal
Secondary Contact Title: Deputy Director of Economic Development
Secondary Contact Phone Number: (714)374-1519
Secondary Contact E-Mail Address: kfritzal@surfcity-hb.org
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SUMMARY OF RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Filed for the January 1,2013 to June 30,2013 Period
Naive of Successor Agency: Huntington Beach Redevelopment Agency Successor Agency
Total Outstanding
Debt or Obligation.
Outstanding Oebt or Obligation ¢ 179,228,851
Current Period Outstanding Debt or Obligation Six-Month Total
A Available Revenues Other Than Anticipated RPTTF Funding 6,600,000 0
B Anticipated Enforceable Obligations Funded with RPTTF 11,916,468
'
C Anticipated Administrative Allowance Funded with RPTTF 38T;464 -T
D Total RPTTF Requested B+C=D ,.12 2T2'932 J
Total Current Period Outstanding Debt or Obligation(A+B+C=E)should be the same amount as RODS tom,six-month total $ 1B,772,932
E Enter Total Six-Month Anticipated RPTTF Funding(Obtain From county auditor-conlmller) T,921;51T
F Variance E-D= F Maximum RPTTF Allowable should not exceed Total Anticipated RP7TF Funding $ -(4,351,415) p�
O
P)
Prior Period(January 1,2012 through June 30,2012) Estimated vs.Actual Payments(as required in HSC section 34186(a)) S
C1.
G Enter Estimated Obligations Funded by RPTTF(Should be the lesser of Finance's approved RPTTF amount Including admin allowance orthe actual amount distributed) 7,619.850 20
H Enter Actual Obligations Paid with RPTTF . 6.215,092 (D
000 to
Enter Actual Administrative Expenses Paid with RPTTF 250, O
J Adjustment to Redevelopment obligation Retirement Fund G H+I =J 1,054,758
K Adjusted.RPTTF(The total RPTTF requested shall be adjusted if actual obligations paid with RPTTF are less than the estimated oblfgatlon amount.) 4 11,218,174 0
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Certification of Oversight Board Chairman: N
Pursuant to Section 34177(m)of the Health and Safety code Name
tie
I hereby certify that the above Is a true and accurate Recognized
Obligation Payment Schedule for the above named agency. N u
Jgnature Date m
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Name of Successor Agency: .Huntington Beach Rea v 16pm nlAu ncy 9uc sae rAgeny
Dvenlghl Board Approves nets:
County: Orange "
RECOGNIZED OBLIGATION PAYMENT BCHEDULE(ROPB III)
January 1,2013 through June 3D,2013
Total Fundln Source
Outstanding Total Due During
Contract/Agreement Contrect/Agraemenl Debtor Fiscal Year Bond Reserve Admin
Proect Name/Debt Obll alkln Execution Date Termination Dale Pa ee Deecfl Don/Pmact scope Proact Area Obliffirtion 2012-13- LMIHF Proceetla Bel.... Allowance RPTTF Other Six-Month T.
Gfand Total - - -.: 19,064 58 50 1 S-fl 0 aaa S - S - It357 464 S 11915 498 S S 1a 32
d T72 9
Land Bale Emerald!Covs Mey 1e,2008 October 1,2030 COHB Per A a D Fund Lepelly Blndinp Opvretive Agreemen Principe Amount-
a1 740,e34,Interest Rates 3.al%,Debt Incurred on May
1 18,2009 Merged 5 B75 433 442 905 442 905 442 BOS
HyaR R.gency Hun9npten Beech September 14,1g98, September 30,2023 Robert Mayer Corpora8on 01,po.ltlon and Development Agreement epproved on
Prefect amended February S. September 14,199B ter the W aterhon_Development ,
2 2001 Merged 5 433,957 1.943 140 1,643 036 ..1 643 936
3 2002 Taz Allacetlan Refundln Banda June 19 200 Au uall 2024 Bank of New York Trust Ca. Tax Allocs9en Bond,Debt Service Payments Merged 1B,32g,113 1640,938 1743289 1.743269
4 1999Tax Allocation Rafundln Banda Janus 12 1999 August 1 2024 Bank of New York Trust Co. Tmt Allacetlan Bends Debt 5ervlce Pa menb Merged
7472947 743289 743289 7432ag
2002 Tax Allacetlan Refunding Bands November 17,2910 November 17,2013 Arbitrage Compliance Tex Allocstlan Bonds arbitrage rebels calctlalu.- 500 500
--
5 6 ecla9nt Federal IRS Com It-s Mer ed -500 500
19.9 Tax All,eatlon Refunding Bonds November 17,2GIn November 17,2013 Arbitrage Cempli.nce Tex All,es0on Bonds arbitrage rebate celcule9on-
5 9 eclellst Federal IRS Cam ll.nce Merged 500 500 554 500
7 200 Tax Ali acatla Refundln Bands Juna 19 2002 Au ust 1 2016 Internal Revenue 5ervlce IRS Arbitra a Rebate Pa ment Merged 520,754 52B 754 521 754 62B 754
82002Taz AllecaOon Refundin Bsnde June 192002 August12024 Bankaf Newyork Megan Tex Allocation Bontls-Pe ment to FlacelA ant Merged 1,537 - 1.537 1637 46
9 1999T.Allacetlan Rrfundln Banda Janus 1219B9 Augoats 2024 0enk al New Yark Mallon Tax All...U.n Bonds-Pa mantis FlacelA ent Mer ed 840 84B 648 - 646
2092 Tex Allacetlan Refunding Bands July 7,2009 July 7,2012 Harrell a Company Advisors, Preparation and, of continuing Disclosure Annual 250 .:259
10 L'LC Re artaend Mate dal Event Notices Merged 250 250
1999 Tav Allacetlan Refunding Bonds July T.2009 July 7,2012 Harrell a Company Advleors, Preparation and filing at Conlinuinp Disclosure Annual 1 fi25 '.1 520
11 LLC Report.end Malsflel Event Notices Merged 1,525 1,525
Emerald Ceve 2010 Bade.A Lease May 13,2U 10 eeplember 1,2021 US Bank Emerald Cove 2010 Serlea A Lesee Revenue Refunding 404 g02 'i':404 972
12 Rave nu.Refuridin Bend. Bonds Deb_Service Pa menb Merged 3 B48 B34 404,1132 „
HUD Section 10B In6esWeWn Loan Juiy 21;2070 AuOuvt 1,2019 Sank of New York Mellon Legally binding end enforceable lean agreement with the
for HyalVHliton Properties U.S.Department of Housing and Urban Development for 427,512 .+.427 512
13 - ce I_al im rovemenl, Merged 0025090 42T512
strand Hotel and Mixed-Use Protect, June 1999 to November September 30,2033 CIM Group,LLC end Kene Preps rtV Tax 6h.dnU Agreement under the Disposltian
CD
Park In I.,. 2008 Sell—end Berkman end Development Agreement tDDA)for development el
hotel,retell,restaurant,and public parking.tructure.The G
Implement.tlon of are DDA and the Sixth Imptemenbtion ('D
Agreement were entered Into from June Age to 702 900 T02 903 �$
14 November 2fifis. merged 13344723 702903
Strand PraJecl Additional Perking January 20,2009 5eptember 30,ZU33 CIM Group,LLC Property Tex 9hering Agreement under it.
Dlepo lifilm �.
and De I, t Agreement(DDA)end 5t.th J
pmen
Impiemenivgon Agreemen!for the Strand proJecb parking 49 57B 49,576,
1fi aWchn.aulhorlcaden Janus 20 2009. Merged 1039285 49578
Pacific City Dclober 18,2008 FY 2030-31 Makor Proper9ea a Ken. Owner P,rOclpatlon Agreement appr,v,d on Detober 16. I _I
Bell—and Berkman 2008 f I lure development at a 31 acre.Its located al --'
Pacific Cast Highway and First Street and financed by 20,000 "�20000 W
15 ra a lax allocatlons. Mef ad 5 520,000 20 000 �
Pacific City-Very Law Incams I.I.R. Dclobvr 18,2008 FY 2030-31 Makor PropeRlas 15%affordable housing requirement pursuant to ¢2
Attachment 5 al the Dwner Participation Agreement
approved on Dctober 18,200B.DI the 15%required "f
heueing obllg,ti,n,5%very4ow Income housing Is to be
I�r
developed by the Housing Authority.The Developer to
required to provide the remaining 1U%an alto. 0.600 Ogg
17 Merged a 5gg 000 B 500,000 8 5gg Ogg
Aflardable Housing Compliance Driglnsl Agreement July 20,2013 Amerina0onai Statutory obligatlon tar housing compliance aervldo
pureuent to the requl,arn.rds,I Beat., eflectiva July 20 201u f pur,uen_to the requirement of Section 33413(b)(4)and
33413(b)(4)end 33490(a)(2)and(3)el Amended on July 2B,2.11 33490(a)(2)and(3)of the California
the California Community Redevelopment Low,Health and Safety Code _..
Community Radavalopment Lew, Secton 33000,et seq and eligible under Health and r
Haetlh and Safety Code Sac9.n 33000, Safety Code Section 34171(d1(11(F)
at.a,q.Covenant monitoring par AS - Mef ad 75 000 75,DDD 75,000 76 000
18 987.
ym n Rapva_of BERAF D,bl Obilg.fl n May 10,21110 FY 2014-15 H...Ing Authority Legally enforceable obll,*",n far BERAF Loan repayment
19 200g Mar ad 7731300
Repayment of SERAF Debt Dbllga0on May 10,2011 FY 2015-ib Housing Authority Legally enforceable nbliga8on for SERAF Loan repayment _ N
Merged 708,842 I
2d 20ID
fd.fimudl Dwner Particlpatlon Mey26,iB91 and December 31,2017 Abdelmudl Dev.lrpm.nt Dwner P.,U.1patlon ACreemengftenl DlfferenBat
reamenVRen_Digennttel Apraemvnt November 21,19g4 Company Agreement epproved on May 29,1991 for the N
development of the three story buliding,t the Oceanvlew
Promenada.The Thlydlmplemen Oon Amendmentlook 5No 1100D fT1
21 ` effect on November 21 1994, Merged 8000 8000 x
Covenant enforcement is,Affordable February 20,2012 February 20,2013 J...I..Latham,Esq Statutory obligation for 1.9e1 ermin-ce and operatlone of
heu.lnp proJecb for the purpoea o1- Housing Authority pursuant to the requirements of 5ectlon �,
Increaalntl�Improving.and....of 33413(b)(4)and 3349DIo)(2)and(3)of the California
Its Clly'e supply al low and medenb community Redevelopment Lew,Health and Solely Code iS
J.
Income housing pura.n nt to the 5eetian 33000,eL seq. - (,
requirement.of Bectlon 33413(b)(4)
and 33490(a)(2)and'(3)of the " -
Cellf,rnle Community Radevelopmenl
Law,Health and Safety Code Beall.. 30,000 30 OOD 30 ODD 30 OOD D
Mer ed
22 73000 at sa.
Total Fundlnq Sou
71W.ctle.
tstanding Total Due During
Contract/Agreement C-In ctlAgreement Debt or Fiscal Year Bond Reserve Admin
.am k Pfg act Name/Debt obli allon Executlan Data Termination Date Pa ea Deacrl Oou/Pro ect Scope 611 atlon 2012-13 LMIHF Proceeds Salance Allowance RPTTF Other Six-Month Total
Unfunded CWPERS Pension Uabllltles As of 8/30110 NIA CeIPEftS Unfunded C.IPERS pension ebngntlon as per CaIPERS
actuarial-1-11on as of Jun.30,2010 with estimated
23 factor inc,...e for FY 12113 Merged 2,674,172 1B0,951 B5,470 B5 478
Unfunded avpplam.nlai R.U,.menl A.o1.130111 NIA US Bank Uurund.d eeN.del.ccrued lability as m,aplomb.,30,
Liabilities 2012 ea per actuarial vvl-gon by Bartel Accocl.lea,LLC.
24 Merged 01a 100 5T Bo4 28,952 iB 952
Pubpo Ap.nry Retirement Systems Sept
(PARS) October 10,2014 Pacific Dto ins Legally enrorce.ble retirement obligation for e.dy ,
(PARS)Notes Payable rellremont Incentivo proprsm and annuity c,nU,,t with -1B Ba5 iB Bay
2g Pacinc ilia insolence Inc*,pore ad. Merged 110,035 H1 Ba5
Umm�ded OPEB LIabllltiea Aa of 8/30/11 NIA CaIPERSICERDT Unfunded scluerlei eecmed Mon ly.s cr June 30,2012 as
211 1 par Badal Asa*clales LLC. Mar ad 252593 12444 0222 0222
Obligation for unused employe. As of 91,0111.udlled NIA Clty employee,directly Obilg-Uon for unused employee Generai Leave earned
General Leave earned and seated finanelel.elements involved In Houvin.and and vested as
per MO Us
end AB 1X20
Redevelopment projects end
27 .dmI.1:b,1,n Merged 124391 11450 _ 1IAN .11400
Bucooay.r Agency Compliance per H A May 7,2007 April 3o,2010 Tierra West Flnanclel and Real..let.consultant "
25 SCode 33433 d Merged 30000 15000 15000 15000
B.Ila Terra Parking lnSesWckus Delobar 2,2000 and September 30,2025 Bella Tarr*Associate,LLC Prop arty Tax Sharing Agraementregviredundertheterm-
PropertyTse Sharing
Agreement Beptember 17,2007 and Kan.Belimer and of the Owner Participation Agreement(dated HIW2000)
Berkman and Second lmpiemenl,Uon Agreement(dated
9/17200T)for th.development of the Huntington Center
(Bella Terra)-Incivdes legal requlram.nts to enforce I.1
2g MET—.
Merged 13 047,302 1,210,008 1,210,008 �210 009
Belie Terra Ph...II October 4,2010 July 1,2030 STDJM Ph...II Aesocl.le. AOmdeble Housing Agreement approved on October 4,
(DJM)and Kona Sell—and 2010 for cmeb-il-of.401 mi,eduv unit pr.J-.L
Berkman Project is currently under construction and Im.—d by
property tat ail*neoons.Includes legal requirements to
30 Implement.141 e0*n, Merged 27,438,830 - 10,000 10000
PI...Id.
Pavilion Owner Particlpatoo July 0,200E NIA Plersid.Pavilion,LLC and Owner Participation Agreement(OPA)approved an July ••Agreement Kan.Banner and Berkman B,200E for the c,nUn,,d redevelopment of the site
located at 30.'wo".Coast Hlghwey in Downtown
Huntington Be; rvice,were Incurred b amend
31 N
e le ell obit sled GPA. Merged 4,000 - 4,000 r.:,'4 000
Operative Agreement for the Huntington Flscal Your 2004105 October 1,2030 h Loan repsymenI for advance made*n eaplto projects in Q
Beach ftadavdopmonl Project FY 2004/05
32 Southeast Coastal 253211 21318 2131E 21318 C
A.....ment lot AES Property Tax Memh 21,2011 March 21,2012 A.....menlfor AES Property Tex Veluetlon
33 Valuation BcuOteesl Coeslel 5000 5,000 5000 '16000 N
Peymenl oloeEmploye.latminatlon/layoff costs aqr mant.far l.yogslterminetiam of City employee-
relatedtodbsoluU.n of Redevelopment resting to the discoludon of the Rod...loponZAgency MergdL34 A en 9/3012011 9/30/2011 er Health a SefeC*da Section 34171 d i C 9eutheaaLC*eslal is393 310393C"HPeymenl of coots Incurred to fulfilled coilectiva bargainingEmployee torminall-ftsyogcosts egrsemantsforlay.ffliarmin.Uon.ofCltyempioyoe. r 0
,staled to dleeaivtlon of Redevelopment rotating to thedl.,olu0on of the Redevelopment Agency Merged a35A en 9/30/2011 9/30/2011 of HaalUt a Sale Cade Section 34171 d 1 C Southeast Coastal 24,4113 24,483
24 493 .24403 SL
Payment of costs Incurred to fulfilled collective bargaining
Employee lerminallonfloye0 casts agreements for Ivy.1 s/lerml-Und-of City employees
related to dill...Won of Redevelopment relating to the di,,olutlon of the Redevelopment Agency Merged a
35 Agency 9/30/2011 1223/2011 Em to e.3 par Health R S.1e Code Section 34171 d 1 C Southeast C*aslel T6 32a T5,328 75,328 T5 325 (D
Payment of costs Incurred to fulfilled collective bargaining
Employee to rminatl O oNlayo coats agreements for ivyoffs/termination of City employale
related to dissolution or Redevelopment relating to the dl...tutor,of the Redevelopment Agency Merged a i -
37 A en B/302911 B/302011 Employee 4 par Health A Sole Code Section 34177 d su 1 C Btheast 0...tel 9,720 9,72e 9 72a B 72a
Pvymant of litigation cosh incvn.d through Juna 30,2012 I
totaling to*pplic.Uon for a Temporary Restraining Order '
Litigation exp.n...far City of Palmdale pertaining to the June 1,2012 property tat p,ymsnb
CD
el a/.,M.I.doe.pursuant to Health eligible under Health and Safety Code Baotou Merged a
3a end Sef. Cod.SecUon 34171 d 1 F T/OB2012 T/821115 Kene B.Ilmer a Berkman 34171 d 1 F es amended b AS 1484 Southeast Casale 13 993.00 13 B93 13 993 13,BB3 f V
�L.C.1,..p.Jan..n...for Sueee...I Agencycamp with As
ix 2B and
AS
14a4 CD
ealth and 9.f.ty Coda Legal expenses to a...r.9uneasser Agenry complivnce Merged a t
39 Sa.U..341HTid i F T/c0/2912 7/82015 Kane Sailmer a Berkman with AS lx 20 and AS 1404 Southeast Coastal150000.00 160,000 75,g00 1.7500o fV
f-'-1
Economic Analysis service.nbted 1,Sucnassor Agenry compliance with AB Economic Analysis consulting services to ensure X
Is 20 and AS 1484 putauanl to Health Succ...or Agency compliance with AS 1*26 and AS Merged a
100
40 and Safe Code Section 34171 d i F B/15/2010 a/15/2013 Keyser Marston 1454 Sauthogsl C*a.sl 200 000,00 200,000
000 100 000
Lend and Right-*f-way ecquI.ItIon costs connected with
Huntington C.nlar Redevelopment Plan the Gothmd-Hoover Extension project and development*1
41 devele meet iBa7 10/12030 Succ....rA en . ublic storage faclll Merged 4416304.00 2B649a ZB04Ba 2BB 49e C
Meld-Pier Redevelopment Protect c Costs incurred to acquire land within the Main-Pier project
42 Phase ll 1g00 10112030 successorA emc area for Phase It development roects Merged 5150543.00 346708 3957a0 345768
Cots Incurred to*,quire lend within the Main-Pier project D
..velopmenl of Downtown Meln-Pler fee to implement the contst untion of parking laclll0es _
43 ro sot area 1950 1990 ioH2939 Sucness.r en within the Downtown Meln-Plot etas Mer ed 3555243,00 2300a5 23B aa6 23a a05
Total Fundlng Source
Oulslanding Total Due Durin9
dnnln
Contract/Agreement ConbacVAgraemanl Debtor Fiscal Year Bond Reserve 1m f Project Name I Debt Dbll allon Execution Dale Terminatlon Dale Pa ee Descrl Bon/Pro ecl Scope Protect Area Obll allon 2012-13 LMIHF Proceeds Balance Allowance RPTTF Other Six-Menih Total
Relvc.Unn,property evqulslUon,and other project costs
e..].led with the Third Blvek West
Third Block Wee[ CondominlumlRoh,11100lea project In the Meln-Pler
49 commerelellra•Identlel ro act iBBe 101112030 9uceee..rA en Radavely moot ro ecl arse Merged 191171453.00 1005122 1005122 �'..1005122
S.—d Block All. and 9treat Property aequl.ltlan coal e..eebled with the 9eeond
45 Im rov.m.nt Proect 19ea 10/112030 SucceasorA enc Blockalie erdabnultl rovement nett Mer ad 34520B.Oo 23178 23875 .'23,179
4B Bband Prolael 1g9a igli/2030 5uccesw en Reloca0on coed aid to Wlnd sod Sea Sud 5ho Mer Bd B7 501.00 S,B75 5,875 6 B75
Plenlde H.I.VR.IalyParkln9 Structure Ralcc.r.n coal.p.ld Iv Terry'e-IT..Shop end Flrel
41 Proad i9g0 1992 MIME Lee....rA an Interstate Bank Mercer! 407212.00 2733E 27339 2T339
Cate related to the relce.don,buyout,end dem011tlon of
Wet.rbant Camm.rclal Meeler 511. OrlRwvad end Pec190 Mablle Home Perk.releled Iv the
411 Plan 19119,2001 io/1/2030 Luc....orA enc Waterfront Commercial Master Bite Plan Merged I0.9BO90B.00 1,135868 1,1311,8811 I,1113BBB9
Property ecqubWon.......oclele.
1890 suc ces sor Apenry.dminlstra0va oblipetlon.rel•Unp m SuNea e 149759BB4,084 g357iB95eB4 971,059
49 bn ,1B9t199419B9 101112030 9uccessor AgencyoMwrcd 357 JIL35.7,4849 SucessorAgnry,Kane50 mus n 9T1 B69
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Name of Successor Agency: Huntington Beach Redevelopment Agency Successor Agency
County: Orange
RECOGNIZED OBLIGATION PAYMENT SCHEDULE(ROPS 111)—Notes(Optional)
January 1,2013 through June 30,2013 '
rItem# Notes/Comments
1 In 1984,the City of Huntington Beech's Park&Acquisition Fund advanced$1,740,834 to the Redevelopment Agency to purchase the Emerald Cove4and.Thal same year,the Agency sold$4.6M of Certificates of Participation(COPS)to finance the construction o
the Emerald Cove Senior Housing Project.In 2000,the HB Public Finance Authority Issued$18M of COPS,which was partly used to defease the RDA Emerald Cove COPS,thereby,resulting In the City completely owning the Emerald Cove Project.In May 2009,
the Agency purchased the Emerald Cove Senior Apartments for the sum of$8,483,931,Including the bond debt of$5,170,931.Later that year,the Emerald Cove Senior Apartments ware sold to Jamboree Housing Corporation(JHC);however,as part of the
agreement,the Agency maintained the remaining debt obligation.
2 In order to reduce the Interest expense owed on the loan and to comply with the properly tax sharing requirements contained in the Second Implementation Agreement to the Amended and Restated DDA,approved February 5,2001,the Agency Is electing to make
the annual enforceable obligation payment from the property lax distribution to be received from the County in January 2013.
3 Amount requested Includes reserve to meet debt service due as permitted by Health and Safety Code Section 34171(A)as amended by AB 1484.
4 Amount requested Includes reserve to meet debt service due as permitted by Health and Safely Code Section 34171(A)as amended by AB 1484.
5 Amount requested Includes reserve to meet arbitrage calculation expenses related to the 2002 Tax Allocation Refunding Bonds for the calendar year 2013 as permitted by Health and Safety Code Section 34171(A)as amended by AB 1404.
6 Amount requested Includes reserve to meet arbitrage calculation expanses related to the 1999 Tex Allocation Refunding Bonds for the calendar year 2013 as permitted by Health and Safety Code Section 34171(A)as amended by AB 1484.
7 Arbitrage payment due per the requirements of the Tax Certificate for the 2002 Tax Allocation Bonds.
8 Amount requested Includes reserve to meet fiscal agent expenses related to the 1999 Tax Allocation Refunding Bonds for the calendar year 2013 as permitted by Health and Safety Code Section 34171(A)as amended by AB 1484. O
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9 Amount requested includes reserve to meet fiscal agent expenses related to the 2002 Tax Allocation Refunding Bonds for the calendar year 2013 as permitted by Health and Safety Code Section 34171(A)as amended by AB 1484. —5
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10 Per Section 3 of the ContinuingDisclosure Certificate for the 2002 Tax Allocation Bonds,the Agency Is required to prepare and provide a Continuing Disclosure Report on each April 30th.The Agency Is In the process of extending Its current contract with Harrell&
9 Y 9 P P P g P P g Y P g �
Company Advisors. Amount requested Includes reserve to meet bond-related obligation due as permitted by Health and Safety Code Section 34171(A)as amended by AB 1484. c-f-
11 Per Section 3 of the Continuing Disclosure Certificate for the 1999 Tax Allocation Bonds,the Agency Is required to prepare and provide a Continuing Disclosure Report on each April 30Ih.The Agency is In the process of extending Its current contract with Harrell&
Company Advisors. Amount requested includes reserve to meet bond-reiated obligation due as permitted by Health and Safely Code Section 34171(A)as amended by AB 1484.
—S
12 Amount requested includes reserve to meet debt service due as permitted by Health and Safely Code Section 34171(A)as amended by AS 1484. Q-
13 Section 108 loans are offered by the U.S.Department of Housing and Urban Development's(HUD)Community Development Block Grant(CDBG)program. The Agency's Section 108 loan is connected with the 2000 public offering by HUD. Amount requested
Includes reserve to meet debt service due as permitted by Health and Safety Code Section 34171(A)as amended by AS 1484.
14 To ensure compliance with the property tax sharing requirements contained in the Property Tex Sharing Agreement under the Disposition and Development Agreement(DDA)and Sixth Implementation Agreement for the Strand project's perking structure authorize
on January 20,2009,the annual payment due will be made from the first property tax distribution received in January 2013.
IV
15 To ensure compliance with the properly tax sharing requirements contained in the Property Tex Sharing Agreement under the Disposition and Development Agreement(DDA)and Sixth Implementation Agreement for the Strand project's parking structure authorize O
on January 20,2009,the annual payment due will be made from the first property tax distribution received in January 2013. N
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22 The Agency Is In the process of extending Its current contract with Jessica Lantham,Esq.
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23 ContracUAgreement execution dais of June 30,2010 is the date of the most recent actuarial valuation report provided by CalPERS. Valuation report was Issued October 2011.
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24 Contract/Agreement execution date of September 30,2011 is the date of the most recent actuarial valuation report prepared by Bartel Associates,LLC. Valuation report was Issued on August 2,2012. �•
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28 IContracVAgreement execution date of June 30,2011 is the date of the most recent actuarial valuation report prepared by Bartel Associates,LLC. Valuation report was Issued on August 2,2012.
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26 The Agency Is In the process of extending Its current contract with Tierra West.
Code Section 34171(d)(1)(C)as amended by AB 1484. Due to employee confidenllalily requirements,
34 Amounts represents cost Incurred for layoff of City employee performing work directly related to the former Redevelopment Agency as per Health and Safety
specific employee Information has not been included,but will be provided under separate cover upon request.
35 Amounts represents dost Incurred for layoff of City employee performing work directly related to the former Redevelopment Agency as per Health and Safety Code Section 34171(d)(1)(C)as amended by AB 1484. Due to employee confidentiality requirements,
specific employee Information has not been Included,but will be provided under separate cover upon request.
36 Amounts represents cost Incurred for layoff of City employee performing work directly related to the former Redevelopment Agency as per Health end Safely Code Section 34171(d)(1)(C)as emended by AB 1484. Due to employee confidentiality requirements,
specific employee Information has not been Included,but will be provided under separate cover upon request.
F3B
EAmount
s represents cost Incurred for layoff of City employee performing work directly related to the former Redevelopment Agency as per Health and Safely Code,Seclion 34171(d)(1)(C)es amended by AB 1484. Due is employee confidentiality requirements,
employee Information has not been included,but will be provided under separate cover upon request.
represents payment of litigation costs Incurred through June , ya/.v.Mefosantos relating to application for a Temporary Restraining Order pertaining to the June 1,2012 property lax payments eligible under Health and Safety
ection 34171(d)(1)(F)as amended by AB 1484.egaexpenses for Successor Agency compliance with AB 1x 26 end AB 1404 pursuant to Health and Safety Code Section 34171(d)(1)(F)as amended by AB 1484,which slates:"Contracts or agreements necessary for the administration or operation of the
successor agency,In accordance with this part,including,but not limited to,agreements concerning litigation expenses related to assets or obligations,settlements and judgments...".
40 Consulting services for Successor Agency compliance with AB 1x 26 and AB 1404 eligible for reimbursement pursuant to Health and Safety Code See on 34171(d)(1)(F)as amended by AB 1464,which stales'[Enforceable obligations Include)Contracts or
agreements necessary for the administration or operation of the successor agency,in accordance with this part,including,but not limited to,agreements concerning litigation expenses related to assets or obligations,settlements and Judgments..."
41 As per Department of Finance Inst action,amounts Ilsled represent relocation and properly acquisition costs as per Health and Safety Code Section 34171(d)(1)(B),which states'[Enforceable obligations include]Loans of moneys borrowed by the redevelopment
agency fora lawful purpose,to the extent they are legally required to be repaid pursuant to a required repayment schedule or other mandatory loan terms."
e esent relocation and property acquisition costs as per Health and Safely Code Section 34171(d)(1)(B),which stales,"[Enforceable obligations Include]Loans of moneys borrowed by the redevelopment
42 Asper Department of Financ Instruction,amounts listed repr
agency for a lawful purpose,to the extent they are legally required to be repaid pursuant to a required repayment schedule or other mandatory loan terms."
43 As per Department of Finance instruction,amounts Ilsled represent relocation and property acquisition costs as per Health and Safety Code Section 34171(d)(1)(9),which stales."[Enforceable obligations Include]Loans of moneys borrowed by the redevelopment CD
agency for a lawful purpose,to the extent they are legally required to be repaid pursuant to a Faquinsd repayment schedule or other mandatory loan terms." fD
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44 As per Department of Finance instruction,amounts Ilsled represent relocation and properly acquisition costs as per Heallh and Safely Code Secllon 34171(d)(1)(B),which states"[Enforceable obligations Include]Loans of moneys borrowed by the redevelopment In
agency fora lawful purpose,to the extent they are legally required to be repaid pursuant to a required repayment schedule or other mandatory loan terms." cta
45 As per Department of Finance instruction,amounts listed represent relocation and properly acqulsilion costs as per Health and Safely Code See llon 34171(d)(1)(B),which stales"[Enforceable obligations Include)Loans of moneys borrowed by the redevelopment
ti
agency for a lawful purpose,to the extent they are legally required to be repaid pursuant to a required repayment schedule or other mandatory loan terms."
46 As per Department of Finance instruction,amounts listed represent relocation and property acquisition costs as per Heallh and Safely Code Section 34171(d)(1)(B),which states'[Enforces ble obligations Include]Loans ofmoneys borrowed by the redevelopment Ofv
agency for a lawful purpose,to the extent they are legally required to be repaid pursuant to a squired repayment schedule or other mandatory loan terms." -I
47 Asper Department of Finance Instruction,amounts listed represent relocation and property acquisition costs as per Heallh and Safety Code Section 34171(d}(1}(B},which slates'.'[Enforceable obligations include]Loans of moneys borrowed by the redevelopment
agency fora lawful purpose,to the extent they are legally required to be repaid pursuant to a required repayment schedule or other mandatory loan terms." fD
48 As par Depe tmenl of Finance Instruction,amounts Ilsled represent relocation and property acquisition costs as per Health and Safely Code Secllon 34171(d)(1)(B),which stales."[Enforceable obligations Include]Loans ofmoneys borrowed by the redevelopment _
agency for a lawful purpose,to the extent they are legally required to be repaid pursuanf to a required repayment schedule or other mandatory loan terms."
49 As per Department of Finance Instruction,amounts listed represent relocation and property acqulsilion costs as per Health and Satety Code Section 34171 kid :i (B),which stales"[Enforcaable obligations Include)Loans of moneys borrowed by the redevelopment
agency fora lawful purpose,to the extent they are legally required to be repaid pursuant to a required repayment schedule or other mandatory loan ferms." O
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50 Sea breakdown of administrative expenses in lha Administrative Budget for the period covering January 1,2013-June 30,2013. N
RPTTF To the extent RPTTF Is not available to pay an enforceable obligation,then the Successor Agency is authorized to make payments on an enforceable obligation from any other funds it may have available,if any,at the time a payment is to be made. l0
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Column
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me of Succas.or Agency: Huntimten Beach Redrvelop—tAgencv Subcauor Ally
unty: Orange
Pursuant to Health and Safety Code aact[..341BG(a)
PRIOR PERIOD ESTIMATED OBLIGATIONS v ACTUAL PAYMENTS
RECOGNIZED OBLIGATION PAYMENT SCHEDULE(ROPE 1)
January 1,2012 through June 30,2012
LMIHF Bond Froceada R-ol.Bohn.. Admin Allowance RPT 1F Other
,,IF.,. Una Froacl Nam•/Debt Ohil atIon Ps.e D,sefl tion/Froecl Scope Proecl Area E.Omala Actual Eatlmate Acluel E.Omale Aolual Estimate Actual EsOmels Actual E.Umal. Actual
.. Grand Tohl :..:'.::_.- :.- S ..L97B,504 S - 811,610 S .. -- S - S = S r. S 250.000 1 S 250000 S 7,2B9950 S. 0.219082 S -- S.'. 172,BB1
[Arad 9.1.Mco C.- COHB P.rk A.0 F.nd Leg•Ily Blnding OpaMv,Agra.rnent
' Pdnolp•i Amount-51,790,939,intera•t ,
Rote.3.91%,0.bt Incumd on M•y 1B,
b—A 1B 2009 Mar ed
M.In,P.,Pureh...Lo.n Repayment H.u•4n9 Authority Legally 0"41ng and Enforceable A9r..mmt
for Property Aoquldtlon for Ih.M.I.-Pier
rmA 1 Proeol Mer.d
Hy,B R,genoy Huntlnpbn Bach Robert Mayer Corporation 01,oitlon and Development Agreement _
Pmpcl approved on September 14,1999 far the
Form w.temont Devote m.nt Mer ed 300 B2B 308 B75
2002 To AII-11—R.fuMin2 Band. Bank of New York Tmet To.Alioc.U..Bond.Debt S.rvic.
FormA 3 co. P.ment, M•r ed 1,835,7 3a 1935,73a a
19BB Tax Allocation Refunding Bend, Benk of N•w York Trost Tax Allocation Bond.Debt SeM,,
FormA 4 ce. P.mania Merged
TSB OBB 145 7q3 A 2395 IB)
2002 To.Allocation R.Nnding Bond. Arbllrxg.Compll.nee To.,AIIo ceBon Bonds otbibeas rebate
Form B S eclallel celcula0on-Federal R6 Com Ilene. Mooned
500 600 A
1999 To.Allcc,tlon R,funding Bond. Arbitrage Compliance T..Mloc.tlon Bond,e,bl"go rebate
FermA B S ecl.11.l calculalon-Federal IRS Crm Il.nc. Mar.d 500 500
2002 Tax Mfocatlon Refunding Bond, Inlorn.I Revenue e•rvlca 15th Year Arbltrag,Robot.Pay'anl _ _
FermA 7 Mef ed
20.2 To.Allocation R.I.M1.g Bond. Bank of New York M.Oon To.Wbootn,Bond.-Payment b Ree.I 1.537 1.537 A
Farm B AtIont Merged
1999 Tax Alloatlo.R.funding Bond, Bank of New York Mellon Tax Allocation Bond,-Payment to Fl—1
'F—A B A.cal Met ed B4B B4B
2002 Tax Allocation Refunding Band, AMBAC Bank el Amarica M•ee.r R.purch...
'FormA 10 m,nlfor Debt S.M..R..a-- Mer ed 3000 300D
2M2 To.Allocation R.hmding Bond. Harrell.Company Preparation end Ming al C-0-I,g
AdAe.ra,LLC 0tedoeure Mn..I R.perte and Material 0
'FermA 11 Event Neticaa M.r ed 250 275 A
C
1969 Tex Allocation Refunding Bondv ^HamilaCampony Preperatlan.M Allnp al Cantlnulnp -
Advleora,LLC 0led a•ura Annual Report.end Melodal
IFormA 12 Event Notica• Merged _ 1625 1500 AJ
—$
1OBnh Bank.l Nw York Malon L.g.ilybining.M.nf.ra.blobanHUD e.etlnw
for HY.alHillon Prop.rtlee .preerant witlr the D a CapeNne nt of
Housln9 and Urban 0...lepm,nt for o,pnol La
/FormA 13 11--m-t, Mor,d 410350 g10350 A
HELP Bowen Court C.Ilforni.11-1,u Finance Full paym.nt of loan borrowed by Agency
Auatotity for Senior R.ntei Compl.x hem In.Slot.of _
".on. 14 Celifomla Ma,d
Bbond Hotel and Mixed-U..Pro).cl WM Group,LLc prop.dy T.x Sharing Agreement under tin W
ParHna.Infrx•bu.= Dtepo•lacn.nd.-1.pm,nt Agr,am.ra
�,,'DDA)ter dev.lepm.nt of hotel,retell, w
,,tx—nl and publlo p,rldng.Woturv.The —$
mplemente0cl ate ODA end ate Bl.lhmptem•rooll Agreement wen mterod
nfo Irom Jun.1996 to Noeemb.r 2000.
I/F.ImA 1 Merged
677.8133 677903 0
�Qbxnd Prefect Addy!...I Parking CIM Orcup,LLC Pr nep,dy Tax Sharing Agreement under the
Olapo•Itlo"and bvdopmsnl Agomen[
IDDA)and 910,Implem•ntetion
Agreement for the strand profeclo p.Aing
eb..—autlrod..d January en 0.2009,
3/FormA 2 Merged 40,670 49 5TB 101
PadBo city Maker Pr.p•N.a Dmar P•rtldpatlon Agreement approved ,
en Ocfobor 10.2006 for fubrr,development
oI.31-acne Wt.located.t P-Ific Coeet
Higha ay end FIr.l3trul and fl-nad by _ N
31—A 3 ro a tex.11ocatlena. M•r ad 0
Cov.nvnt Moylednp Oblipetlon•ol Hou•Inp Authority StekMryobllp.tlons forhouslnp
Hou.hg Mlhorlty vrtord.glity.produoticn,reporting end
3lFormA 4 mllance oe or Gpv.mment Cod•. Me ed 229 BOt 155333 N
Hc..lnp Authority Ce..nant Key— ebNforyebllpatlon for Houelnp repodlrq,
�31FermA 5 monu.dn .r AS 9BT .udltl end...II•no Mar ed 1600t10 55198 Q
9-01 Ag...y ampli.no.and Kan.Bell—and Leg.l mate te ensure Sueee.mr A9.ncy BB 651 BB 051 13 993 C N
31FormA a m.nlfodn .IAB 1X29 B.rkm.n cem A•nawllhAB1X2B Mer ed
IndeprM.M M.nelel.tetemmt.nd Moot-Glnl.O'Cennsll IndeP.M..Anvnol.l•totement and fxl
PH- audit LLP ompltence of ih—g.noy in....Man" �(
with Gov,mmentAuditlng SWM.,d. �-
elolomene on Auditing 6lond.rde(SAS)N.. _ fi 0g2
I.F.—A 7 117"Com Ilanee Audir Mer od
Sumeeecr Ag•ncycompll,no,p.r AB Key—Maraten L.g•Ily'bindlnp.ndanfomavbl.agreement Q
1X2B for confined ed,lnl.k.tl.n and op—H.n
3lFormA B ofS—..aor AQ.00 Mongod 35,09 35589 �.+.
D
LMIHF
Bond Proceeds Reserve Balance Admin Allowance RP IF Other
t elForm Line 11'rojOat Name lDBbl D611 ellon Pa ee Descrl llonlPlo ecl BcO a Pro ecl Area Esllmale Actual Estimate Actual Estimate Actual Estimate Actual Eelirnale Actual Estimate Acluel
A ferdabl•H...Ing Complbrme Amed..Uonvl SbWt.ry obligation for houBing umplianc.
pure-It b the nqulremmla o1 +e I purauvnl to the ra,Wi.nW o1
9.clion 33413(b)(4)and 33490(a)(2) Boa-33413(b)(4)and 33491(.)(2)and
.nd(3)of tin 0.11.rnl. (3)of the Cvllromb
Community Redevelopment Low, Community R.d.valopment Law,H..11h
H.'_end B.Ialy Code 6.vtlon and Safety Coda 6ectlon 33000,et a•q.
IS OOD 27 500
3300o,.h eaq.covanentmanil ri Mer ad
F.rm A 1 .r All 887.
Aftordabl.Hou.ing Complbne• Nana Bvllm.r end SbWtory obilgation ter l.g.i,complbnu
purau.nt b the r.qulramenb el Berkman and opentlo n.of Housing Authority
Bection 33413(b)(4)and 33480(.)(2) pu..uanl ban nqulnmenb of Section
and(3).11h.C.laoml. 33413(b)(4)and 39490(.)(2)and(3)of a.
Community Rod velopmenl Law, C.11..Community Rod...topmxnl Low.
it..ilh and R.I.;Cede e..Uon H.ol h and Safety Cede S.elion 33000,at
16D,D0D 13309
33000,.Lnq.Covenant monlbdng feq. Merged
IFermA 2 .r AB 807. - --
R.p•ynrntelSERAFD.btObAB.tivn H...Ing Authority L.gaIIY•^bma.bl.ebtig.tlen ror 6ERAF Merged
IFe A 1 3 12009 Loan r••mont
Repeylmnt•f BERAF Debt Dbllg.d.n flouting Authority LegeBy enbruvbb obllgatlon ter 6ERAF Mar ad
JFormA 4 2010 Loenm a manl
Abd.lmudl Dwn.1 Debt
Abd.Imudl D-olopm.nt Owner P.rticlp.Uon Agreement Mont
Agnem.nVRanl Dlaer.11.1 Company DlBerantiai ABr..mant approved on May 2B,
Agn.mant 1991 terIh.d...lopmenler Ih.the elory
building.t the Duanvkrw Proman.d.,The
Third Impiemarled-Amendment took
eff.cl on Nov.mb.r 21.1994. 4,B12 1 4BB
11F.-A 6 Ma ed
Cov..rat mbrummt for ARerdvble Gnu Jo,Esq SbWbry obUe.11on ter lapel umplivnu and
ho,:Ing projeob for the purp..-of opar.11ona of Hvu.1ng Authofly pur.uanl to
Incn.eing,improving,end preserving the requlrerrrnb of Section 33413(b)(4)and
the Cily'..upply of law and—denb 33180(.)(2)and(3)of 0,.Catlroml.
Inuma h—eing punu.ntb Bra Community R.dsv.lopm.nt Low.Health
requlr.manb of Section 33413(b)(4) and Safety C.d.B.etlon 33000,eL+aq.
and 33400(.)(2)and(3)of the
Cellfernl.Community Radrvelopm.nl
Law,Health and 9a1-ty Code 9.edan CD
20524
3...
o'.L—q. Met ad
4IF.—A 7
Unfunded C.IPERe Penpon Wbllltln DaiPERS Unfunded C"PER9 pansien•Mlg.tivn.o
par C.IPERB.cW.r1.1 v.1u.Bon..of Jun. - 127.a0B H
UFBrmA B 3D 2010. Mar ad (n
Unho, Suppl.manbl RaHr m nt US Bank Unfunded.clu•rhl;-.ad liability as of --r•
Ll.bllitlee 9Bpbmb.r 30,2011..per vehndal 30 003 H
41F.-A B voluetlon b ADN Ceneultln,Irrc. Mar ad
Publly Ag.nry Ra nm.nt 6y.bme Paeifio LIr.Ina L.eally mlorc.abb ntinmml obllp.tlon for �
(pAR.)Now.Pey.bb ..rly ntlram—1 lne.rd-program and _ C'f
.-airy vonr.etwllh PoWfio Ub Irnure-a
41F.-A 10 Inca ervbd. Mer.d CIOUnfunded OPEB LI•bllitin C.IPERBICERST Unfunded.eW.rl.l.mwdll.blUly..of _ B298 ti 0
Jun.30,2011-par ADN C.-ailing,Inc.
41FrumA it Mar ad
Obligatlan for u-..d employ.. city.mploy...dirictiy OMigatlon ter unu.d employee Gmenl
General L......rn.d and...tad I .W.d in Hou+ing and L.....m.d and...led..par MOU.and
R.dev.lopm.nl pro)anb AS 1X78 - 7162
41FormA 12 .nil adminleh.gon Merged -
a....sorAg•neyComplbnu ,as
...Wong A+..do . APPnbsl.rd reel..bb uneuibnl 3OOD
41F.—A 13
Surz..aor Ag•nry Compti.nes per H 7lerta W.at Fln.neisi.nd Reel.ebb uneNbnt 10 ODO 2B 024
41For A 14 11 Code 33433 Met.d
LaOsiIY anrere..bl.vhllgatlon a+per L.I.Gomec Legsily anforoeebl.Wltion reimbunormnl
M.merendumof Undarebndingwlth benefit..per MOU.nd AS 1%28 1sac 16D0
41FormA 15 ber aInln unit Mar ad
lMWlib Car.Center City of Huntington 8...h Adv.nu from City on oonatruetlon v1
Con..rvanry Grant fund.d Hook well and South...1 27,841 N
5JF.r A 1 .eaocl•bd land—In Co..W CDOp.re—Agreement ror 1h. City of Huntington Saach Lean rap.ymant for.—no.need.on South+..l 21,218
♦�
Huntington Raoul,R.day.lapm+nl uplbl pr.J.eb In FY 20.4m5 N
War.A 2 Pro cl Cvnetal
Aa.wmml lot ASS Property Tax Von Hem Con+uitinp Meenm.nt ter AE9 Pmp.rty Ten Valu.uvn Seulh...I 6000
Co..bl
51FormA 3 Velusuen
Em.reld Cove 2010 Bad..A Lv..e U6 Bank Emal+ld Cova 7010 Bari..A Le... 305 B5q E
R.venue Refunding Benda RBvan..Refunding Bonds U.bt 9.rvlc. 88 Isla$/Farm8 P.manb met ad 404504
8.9,
Tarr.Parking lnfr.itrucWr. 8+11a Ten.A..,daba LLC Prop.dy Tax Sharing Agreement i.quir.d �(
pnp.dy Tex Sharing AB,..—nt und.r P.bim.vl Ura Own.r P•raclp.Uon
Agreement(dated 10RJ20D0)and 9.cond
ImplemenbUon Agree,It(dated -
sit 70907)for th.davdopmantol the
Huntington Center(Belo Tern)
BlFermB Merged 1,275,000 G
Ball.T•n.Ph...II BTDJM Phm II Aaordebl.Housing Agreement approved vn
ga.oW.b.(OJM) Dcbb.r4,2010 for un.k.a.n of.46
ruo.du unit pm,.et PreJ.elb currently �r
under unatructlon and Un.nced by prop.dy _
BIFonn 9 tax e11oca0vru. Mar ad -
LMIHF Band Proceads Reserve Balance Admin Allowance RPTTF Other
a./Form Lin• Proscl NamelDebt Obll etlon Pa ae Do-1 tloNProscl Bco s Prosol Are- Estimate Aclu.i Estimate Acluel Estimate Actual Estimate Actual Estimate Actual Estimate Actual
Fib--.ndtarn......Agency Bucc.s•Or Agency Buecaa.or Agenry vdminb1---
IImonlbdng p.r AB obll0.tl.n.r.I:Mng b-InloWng p.ym•nb
2.•ne. entarc••bl.a bilg.b.—ndcth.r 145.750 145,750 155474 (F)
16/F.m C 1 .etvlue.a.rs aired by AB ME Mer ed
Enrereem.ntot e.......A;—y 8.......Ag.noy au—ser Agency•dminl.hvty.
wmP111-ce end m.nilvdnp p-1 AB obllga11—W.tlng b mint.lning p.ym-b,
1X2a .nloree.bl.ohna.fl n..nd olh.r B.ulh...t _
9/Form C 2 activitln so re aired b AB 1X26 C...bl
Pass Thmugh Agro.m.nte Onng.County,V.doe end Pe.1AB12g0 abWbry p•ymnrtb
(E.tlm.bd)^ 6chdol O w.is,end Cl;ly all,
by H..Iah end W.1y Cod. 2640 000 207,428
71Farm D 1 Huntln bn Beach Hsc 5.etlen 33B07 M.r•d
Pe.e Through Agro.m.nb Oronga County,V•do.e Pe.tAB12g0 ahWbry p.ym.nh m....bd
(E.9—lod)^ eehoel m.trleb,and City ar by Wvllh end Bv(ely Cod.(HeC)Bectlon seulh...t 13,000
Warm 0 2 HB 33907 Cavetvl Nob-N.1—
(At Acluel includes all debt service end snfomeable 0111 slam .menb made(mm the D.cembar 2011 p—rN lox a menb
B "Other funding
.ourcomsl.b,of lnlero¢l..mad on cash held with Web¢.
C Amountro resenb a rtwnt of Atl etivn coeb lncurt•d thro hJuns 30 2012 br CI o(P.Imdels.t.l.v.M+tv.anba rebtln b. Ilcat.n Iota Tom ory Reetvinln order erbinin
b Iha Jun.1 2012 ro• bx a menb ell Ibis under Hesllh and Bete Code sectlon 34171 d 1 F..amended b AB 14e 4,
e Due b the S23 ntllllvn.harb.In Ih.Juno 1st ro. bx +men all yr. oruo •f this.nkrca+bla obll elan a ment w4.made ham Ihv Oec.mbar 2011 to a bx diatributlon.
E Ou.bhlh.ellmimtlanatt.20%hcuvin e.t+qde re ulremant.deb[.ervlce snw ntv aubhndin far the Jul-D•c.mber adodaf•antici+ledblh•funded wllh RPTTF
F Actual.dminlahativs..Pon...for Ihv arlod bbl.d$
415 4741ncludln amounts phut had b be ctw .d b olh.r funds.
G on the ROP s oved for the Janus ,tun•2012 .dvd tJs abA.ton wa.err-rL-usl II•bd v.funded wllh Diner Revenue Lew aM Med.rob income Haut Funds.
Per the term.o(Ihs B•cvnd lm Iem.nbtlenA reem.ntb the B.I1.Tarr•Owner ParlI •ftnA rv.manty —.d vn s.lemhar l7 2007 ail dncl Wend inbro.t .m.nb
an b b.m.d.•1.1 from AvaAable BII.-G.nen7ed Pro. 7ex Increment ThI.oven/hl was mrt.ol.d¢n.ub.e u.nl RCPs.ubmltl.d b the Cv.rsl hl Bo.rd vnd 0.+rbmnt of Flnvnc.,
H The A- Indudetl pension .rthenb end over ell 161e r.tlrnmsntb.n-Ab allowable under Hsslt�and Ber. code s.cton 34173d 1 C ss.nfvrc.v6le vbilatl.n¢on lb
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Oversight Board
Res. No. 2012-02
STATE OF CALIFORNIA )COUNTY OF ORANGE ) ss
CITY OF HUNTINGTON BEACH )
I, JOAN FLYNN, Secretary of the Huntington Beach Oversight Board of
the Successor Agency of the Former City of Huntington Beach Redevelopment that the Agency,
was
Huntington Beach, California DO HEREBY CERTIFard of the Successor Agency of the
duty adopted by the Huntington Beach O nr tont Beach Redevelopment Agency at a
Former City of Huntington Beach H g vote:
meeting held on August 23, 2012 and that it was so adopted by the following
AYES: Board Members: Hansen, Carchio, A. Dunn, Fritzal
NOES: Board Members: None
ABSENT: Board Members: L. Dunn, Delgado
RECUSE: Board Members: Bone
S etary of the Huntingt Beach
Oversight Board of the Successor
Agency of the Former City of
Huntington Beach Redevelopment
Agency Huntington Beach, California
i
RESOLUTION NO. 2012-03
A RESOLUTION OF THE OVERSIBGHT BOARD OF THE SUCCESSOR
ACH REDEVELOPMENT AGENCY
AGENCY OF THE HUNTINGTO
APPROVING THE SUCCESSOR AGENCY ADMINISTRATIVE BUDGET
AND RELATED ACTIONS
WHEREAS, California Health and Safety Code section 341770) requires that the
Successor Agency of the Huntington Beach Redevelopment Agency ("Successor Agency")
prepare an administrative budget for each six month fiscal period; and
A draft administrative budget for the fiscal period of January 1, 2013 through June 30,
2013 ("Administrative Budget") is attached hereto as Exhibit A; and
California Health and Safety Code section 34177(k) requires the Successor Agency to
provide to the County Auditor-Controller administrative cost estimates for expenses from the
administrative budget that are to be paid from property tax revenues deposited in the
Redevelopment Property Tax Trust Fund for each six month fiscal period.
NOW, THEREFORE, the Oversight Board of the Successor Agency does hereby
resolves as follows:
1 The Administrative Budget attached hereto as E_is hereby approved.
2. The Successor Agency staff is directed to: (i) provide the required cost estimates
for expenses to the County Auditor-Controller; and (ii) to do any and all things to execute and
deliver any and all documents which may be necessary or advisable in order to effectuate the
purposes of this Resolution.
1
12-3456/83593
Oversight Board Resolution No. 2012-03
PASS} AND ADOPTED by the Oversight Board of the City ofFffuntington Beach at a
} .
special meeting thereof held on the 2 3 r d day of August 20 12
Chairperson
REgutli
D AND APPROVED: INIL�ZD&'
PPROVED:
E e Director Deputy Executive Director
APPROVED AS TO FORM:
Bmard-Counsel <6 L IA q,—
2
12-3456/83593
Oversight Board Resolution No. 2012-03
EXHIBIT A
SUCCESSOR AGENCY OF THE HUNTINGTON BEACH REDEVELOPMENT AGENCY
ADMINISTRATIVE BUDGET FOR THE FISCAL PERIOD OF JANUARY 1, 2013
THROUGH JUNE 30,2013
[Behind this page.]
3
12-3456/83593
— Oversight Board Resc 2012=03 Exhibit "A"
r ,f � � Successor Agency
i
w
Ad inistrattye Budget
Departmnt Bud et Summa e
Other.:Funds bg Object Account
0THER"FUNDS_
October 1 January l Percent
Na
FY 2008109 FY 2009l10 FY 2010l11 EY Z011l12 FY 2011l12 December 3t Z01_2 June 30 201'3 Change From:
Ez enditure Ob ect i4ccoun: , -Actual Actual== r_=Actual ,_ "Ado" ed Revised..:`_ - Rewsed Pro osed Priory r
RORF Administratl6n-t3s6l
'PERSONAL':SERV.ICES
Salaries-Permanent 119,415 100 OOPT
Salaries-Temporary _
Benefits 45,472 100 00%
F PERSO.NAL'�SERVICES _ ° '. >,.." 164;886 ".1.00.00°/
;OPERATING EXPENSES
Utilities
Equipment and Supplies 6,000 100 0 0%
Repairs and Maintenance 2,500 z 100.00P/o
Conferences and Training 5,000 100.00°l0
Professional Services 179,114 AOM,00%
Administrative Allowance(ROPS 1) 250,000 100 009(0
Administrative Allowance ROPS 11 83,708 83,708 100 OQ%
333 708' . 83 708 . 192`614 ,:-'100.00%0
si:333;708. ,. 8$;708 . 357;500 100.00°Total /°
Significant Changes
Pursuant to Assembly Bill x1 26,the Successor Agency.receives 3%of property tax receipts,or$250,000,whichever is greater, on a semi-annual basis for administration and.the
"winding down"of the.former Redevelopment Agency. In addition,the Successor Agency receives.a distribution of property tax based.on the Recognized Obligation Payment Schedule
(ROPS)on a semi-annual basis. ForFY 2011/20/2 the Administrative Allowance approved by the Department of Finance totaled$250,000.. For the six-month period covering July 1
to December 3.1,2012,the Administrative Allowance approved:by the Department of Finance totaled$167,416.
I i
Oversight Board
Res. No. 2012-03
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF HUNTINGTON BEACH )
I, JOAN FLYNN, Secretary of the Huntington Beach Oversight Board of
the Successor Agency of the Former City of Huntington Beach Redevelopment Agency,
Huntington Beach, California DO HEREBY CERTIFY that the foregoing resolution was
duly adopted by the Huntington Beach Oversight Board of the Successor Agency of the
Former City of Huntington Beach Huntington Beach Redevelopment Agency at a
meeting held on August 23, 2012 and that it was so adopted by the following vote:
AYES: Board Members: Hansen, Carchio, Bone, A. Dunn, Fritzal
NOES: Board Members: None
ABSENT: Board Members: L. Dunn, Delgado
ABSTAIN: Board Members: None
Sec ary of the Huntington each
Oversight Board of the Successor
Agency of the Former City of
Huntington Beach Redevelopment
Agency Huntington Beach,California