HomeMy WebLinkAboutSuccessor Agency Approval of Amendments to the Recognized Ob Council/Agency Meeting Held: /
Deferred/Continued to:
&Appr ved ❑ Conditionally Approved ❑ DeniedZC:* Cler S Sig re
Council Meeting Date: May 14, 2012 Department ID Number: FN 12-010
CITY OF HUNTINGTON BEACH
REQUEST FOR SUCCESSOR AGENCY ACTION .
SUBMITTED TO: Honorable Successor Agency Members
SUBMITTED BY: Fred A. Wilson, Executive Director
PREPARED BY: Lori Ann Farrell, Director of Finance
SUBJECT: Approve Amendments to the Recognized Obligation Payment
Schedule (ROPS) for the Period of January 1, 2012 through June 30,
2012; and approve the ROPS for the Period of July 1, 2012 through
December 31, 2012
Statement of Issue: On December 29, 2011, the California State Supreme Court
announced its ruling upholding ABx1 26 dissolving redevelopment agencies. Based upon
the Court's ruling, Successor Agencies were required to adopt an Enforceable Obligation
Payment Schedule (EOPS) and a Recognized Obligation Payment Schedule (ROPS) that
reflect the legally enforceable financial obligations of the former redevelopment agencies.
The EOPS and ROPS were last approved on April 2, 2012 for the January 2012 through
June 2012 period. Successor Agency authorization is requested to make amendments to the
ROPS for the January 1, 2012 through June 30, 2012 period to reflect adjustments requested
by the State Department of Finance. Authorization is also requested to approve a new
ROPS for the next six month period of July 1, 2012 through December 31, 2012, as required
pursuant to ABx1 26.
Financial Impact: The ROPS provides the County Auditor-Controller a payment schedule
for the former Redevelopment Agency's obligations. The amendments to the January
through June 2012 ROPS remove enforceable obligations that are under dispute with the
State Department of Finance (DOF) totaling $6.6 million. The July through December 2012
ROPS reflects approximately $5.7 million in enforceable obligations and payments that need
to be made during that timeframe for administrative costs, debt service payments, property
tax sharing agreements and other enforceable obligations.
Recommended Action: Motion to:
A) Approve amendments to the Recognized Obligation Payment Schedule (ROPS) for the
period covering January 1, 2012 to June 30, 2012; and
B) Approve the Recognized Obligation Payment Schedule (ROPS) for the period covering
July 1, 2012 to December 31, 2012.
Alternative Action(s):
Do not approve the ROPS and direct staff accordingly.
xB -25- Item 2. - 1
REQUEST FOR COUNCIL ACTION
MEETING DATE: 5/14/2012 DEPARTMENT ID NUMBER: FN 12-010
Analysis: The State of California enacted ABx1 26 which dissolved redevelopment
agencies and designated successor agencies to "wind-down" the activities of the former
redevelopment agencies under the supervision of newly created Oversight Boards.
ABx1 26 defines the EOPS and ROPS as listings of all legally binding and enforceable
agreements or contracts of the former Redevelopment Agency, including those necessary for
the continued administration and operation of the Successor Agency. First, the EOPS was
adopted on August 15, 2011, it was subsequently amended on January 31, 2012 and April 2,
2012, and submitted to the County Auditor-Controller, State Department of Finance (DOF)
and the State Controller's Office, pursuant to ABx1 26. The ROPS, which is virtually identical
to the EOPS, was first approved administratively on January 31, 2012, and was later
amended and formally approved by the Oversight Board on April 5, 2012. That ROPS
covered the period January 1, 2012 through June 30, 2012.
Staff has created a new ROPS for the enforceable obligations that will need to be paid over
the next six month period, or July 1, 2012 through December 31, 2012, pursuant to ABx1 26.
Staff has also made amendments to the previously approved ROPS for the January 1, 2012
through June 30, 2012 period, to remove payments that the State Department of Finance
contends are not enforceable obligations. Please note that staff is disputing the State's
contention that any items listed on the ROPS are not enforceable obligations and we will be
providing additional documentation to the State in support of our position with the assistance
of outside Counsel. However, in order to obtain approval for the remaining items on the
ROPS, the disputed items have been removed until further notice.
The State Department of Finance notified the Huntington Beach Successor Agency on April
30, 2012, that the loans and advances that were made by the City to the Redevelopment
Agency, that have a remaining outstanding balance of $71.8 million, are not enforceable
obligations under ABx1 26 Section 34171 (d). This is an important decision as the annual
transfer from the former Redevelopment Agency to the City's General Fund (of between $4.9
million and $6.0 million) was for repayment of that debt. In order for the Successor Agency
to continue making payments for the remaining undisputed items on the ROPS for the
January 1, 2012 through June 30, 2012 period, it is advisable that the ROPS include
amendments to remove the disputed items until a final determination has been made.
Hence, Attachment A removes the loans between the City and the Redevelopment Agency
that are currently under dispute. However, please note that we are reserving our full right to
legally challenge the State's position and/or provide additional documentation. In addition,
the.State has also disputed $314,000 of legal, audit, consultant and staffing costs as they
contend these costs are administrative and exceed the cap for administrative expenses.
The ROPS must be prepared and submitted every six months. The attached ROPS for the
period of July 1, 2012 through December 31, 2012 is due by May 15, 2012, according to the
Department of Finance. This tight deadline is required in order for the DOF to review and
approve the items on the ROPS prior to the distribution of property taxes by the County
Auditor Controllers on June 1, 2012. Please also note that the ROPS is subject to review
and certification by an external auditor as to accuracy, and also subject to approval by the
Oversight Board. The County Auditor-Controller will conduct an audit of the ROPS by July 1,
2012, and submit its findings to the State Controller's Office by July 15, 2012.
Item 2. - 2 HB -26-
REQUEST FOR COUNCIL ACTION
MEETING DATE: 5/14/2012 DEPARTMENT ID NUMBER: FN 12-010
Environmental Status: N/A
Strategic Plan Goal: Improve long-term financial sustainability
Enhance economic development
Attachment(s):
■ o jon
1. Attachment A - Amendments to the ROPS for January 1, 2012 through June 30, 2012
(Disputed Items)
2. ROPS for July 1, 2012 through December 31, 2012
HB -27- Item 2. - 3
ATTACHMENT # 1
Attachment. A
Hd -29- Item z _ ,
/rf Name of Ratlav,lopmanl Agency: The Redevelopment Agency of the Cily of HunlingWn Beach ATTACHMENTA iol2
fit! Pro)ecl Area(.) Merged Project Area
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
N DISPUTED ITEMS
' Ped,d Cav:red:January 1,2012 through June 30.2012
$ Cammcll Talal
Agreement Ou%t.rnifn
Debtoma Peyabl.from rh.Ratl.valapmenr Property lax Tru.r Fund(RPTTF)
r Tl Due Dudn9 •-•Footling Paymenla by Month
Project Name/Debt Obligetlon•••• E.-II.,,Dale Payee DescrlpNon-- Prnj-Area Obligation D.c,i Year 11/12 Source J,n 2012 Feb 2012 M,r 2012 Apr 2012 Mey 2012 J.-2012 2012 T.W.
4)%erkbvw-bake-RedevekpweM; JuneJp83r city ar{luntingroa9easb 6egellybinding 9PeralweJ greemanleJw- MmBag zol"O44, 2", Rp]3F 2&'44 i 2fi 977
2)geibedBaeN+-RadavNaPmaM� A"BOM-1F 6NyeRXxRNngkn-Beacp A9argatl 341-,= }C528 RRIif 4"29 S 14�S2B
48Bi:Yedeuc 69yefMeaNaglan.Beash t4Brged 4442;921 64b76 RP-TTF 94,076
S64rB75
4)RetleveWpmantr antl44ualirglan 6ParaNv,- 6ltyat Nunllrglen-Beach k,NaO'1^gredavebpm°nt prej°Gc' m-wrd 0;21gp82 88;288 RPTTF 89a118
W 6eMecEammerslal-BlskiN- �- sltyaRHuMingtan-Raasp Yorklanw-lake,-T I§eq BeachrMaia- Merged 644,474 22,250 RRTFF 22,261
G)R°Oavekbmenkproleslc On'ugh_199y �1`aµ •aclt Pler:9aky.a ,e:.NngWa Center Merged 66-04F RPTTF 66W
74 -..r-.-..••..e-.---.-.. Cammewiat9l.WGu Merged 4B,= RP# 40.000 j-�ggp2
94 CiN of FloMi�bnseasb prinsiP'I-AewuM�&,870,612 Merged i;890 RAIIF ia9p j y,$gg
Ba CIIya4NanNaBWReeach kNereG-Rafe-2,87°G MereeA 2;7s2 RRITf 2;7W .4 23W
� °f"H ^BI°P$B%l' Merged 9i;IS1 2g86 RRT[f 34M
i 3496
`aµonN"�eR g°°ch q q �lypgwypgg Me ed 683,694 2B B4i RPTTF
42) Ql"L +'uONaglan--gash
669 RRFfF 68D i 669
43)k> SsHem4ar-7r 6lty-aLNuaNn9lon gash M-TOd �o4i669 79J83 RR]3F 7106i 3;328 $.-�6.383
44) '>✓1B9'e^d- City-'f-Muatingbn B°'sh Merged -2,226d04 231d67 RRT[f 223286 40,042
4-4 saP 19G¢r-0- � 8 h Mar9e4 -464-349 4;872,368 Rp 4,669,964 242,33E
46)ap6+saidenllefdevalapmew C1y,..ofllus9nyknyaach lnsu�dawSeplember�;-1969aW
September-4:1999 MBr9ed 18 11 RI 31 4651} $-37gi393
•999knReeGt Merged 42E495 RRFfF 408;784 49624 i-�V.7g06
10)Land Sale Em-ld Cove May 19,2009 COHR Park A a D Fund Legally Sintling Op-1-Agreement
Principal Amount-51,740 634,Interest
Rel„3AH Y.,Dabt I...and on May 18,
T� 2009
'•M�i Mergetl 6,469,090 RPTTF $
W 4D) 4987 sBW9-Watao-Ut9ity 6egaily-9iraing-OpeatwengreamenL
$ Merged-Prajacl.4rea prinGP.V,4meoM-51:428;990.9wrecl-
�, 299 W Merged �86,096 RPZ7F {
O 6BM8-Walar-Ullllty
t M.y.tl-pr,Jes3Area k4erged ----3,56Br184 RRFfF
{
244 Drains®eJMracNaMwasonskuatknJeF 4g COH agaU R-DrainWity Legally-BlndMg O9eraNve-Agreement-
87
INa-Main-Pier-Prej.M - RtinsipaFAmauM-$260,990,Inleres3A
3,54^A,-0ebt lnsurredJnaBeF Merged 563;896 RRIif
224 CaPtea>6er4r 6BRBSavacU90y
Malaai,FRWlect 4699
38}X-OeWJnsunedex-6aplsm9er-M1;
3989 Merged RPTTF {
2�DafeRed-Bevalepo•`- .- 4984 6ON9-ParkhB-B-W W Le9nd9+9�paraNvaA9reamen4
Asguk6bq-bca WkMpe4AmeuM-$339202,�Mera � RRF[F $
24)BMeaed-Developer-Foes-BewecFee 69NBSexacUlNOy 3,B3arwCin-1984
Merged RRFFF $
26)Belened-DevelaparFees9ralnaga-Fee 6ON�alnaga-Will
ty
Merged ----------i82,692 RRFfF $
Tolab-This P,g, $ 5,469,090 $ RPTTF $ $ S $ $ $ S
T.W.-TOPS RPTTF P.O.2 $ 38.422.408 $ 3,170.962 RPTTF $ 5124500 $ $ $ 21656,599 $ $ 1,775 $ 3170,962
Tolals-ROPS RPTTF Pa9,3 $ 21,288.075 $ 1,347,322 RPTTF $ 26,794 S 26,794 $ 28,795 $ 754,274 $ 25,534 $ 487,131 $ 1,347,322
Tolals-ROPS RPTTF Peg,4 $ 6,500,500 $ 284,548 RPTTF $ 6,706 $ 20.618 $ 91200 $ 7,706 $ 7,700 $ 232JO13 $ 254,545
Total,-ROPS RPTTF Page 5 $ 915,109 $ 54,050 RPTTF $ m $ 1 $ $ 49,080 $ m $ 5.000 $ 54,000
Total,-TOPS Admin Co.t Allow P.O.6 $ 250.000 $ 250,000 ADMIN $ 41,667 $ 41,567 $ 41,667 $ 41,667 $ 41,667 $ 41.005 $ 250,000
Total.-HOPS P,.a Thmugh P.O,7 $ 2,653,000 $ 2,853,0.0 PASS THRU $ $ 350,000 3 $ $ $ 2,303,000 $ 2,653.000
Toles.-ROPS Other P,g,e $ 45,405,322 $ 1,081,116 OTHER $ $ S $ 1,681,116 $ S $ 1.681.119
Gmnd Wt.1-All P,9e. $ 120,962,670 $ 9,441,008 $ 567,755 $ 438,979 $ 77,665 S 5,190,422 $ 74,907 $ 3,071,277 $ 9,441,009
The Preliminary Draft Recogn%ed Oblig.11on Payment Schedule(BOPS)Ie to ba c,mpl.%d by 31112012 by i,,ucceeeor,gency,antl.ubaequently be.pprovetl by the aver.ight board before the Onal BOPS is aubmifted le the Stale C.nrraller and State Department at Finance by Aprll
15,2012.Ill.net.requlremant Ihatrhe Agreed Upon Pm.,d.r..Audit be completed before,ubmitdng the final O1.mIght Appr.-d ROPS la the Stela Canhollar and Stale Dapartm.nt of Finance.
"Notwith.%nding AR 1%18,the„agraemante are includ,d because among ether.......they era validated by opamtl.n of law prier to AS 1X26.
^Footling tour,:,hom tha,ucc..z agency:(For 11-1 2 0 11-12 only,reference.to RPTTF could alto mean-Increment allocated%the Agency prl,r re February 1,2912.)
RPTTF-Radrva%pm.,I Property T,.Trust Fond B..d.•S..d Or...... On--reserve,,ten%,Interest earning.,ate
LMIHF-Low and M.darel.Incom.H.u.ing Fund Admin-Succ...ar Agency Adnn ni.bativ.Allowance
^'Th.,u%tanding deb%Pot It..Item.1-17 and 10-25 are.tr 0-a.they ere under diepule with the D.parrment of Finance;however,th.Soce...or Agency reserves the right to pu%u.legal remedlex,.s necessary,and or provlde addiU,nal docurr%n%lion,
Name of Redevelopment Agency: The Redevelopment Agency of the City of Huntington each ATTACHMENT A 2 of 2
Project Area(s) Merged Project Area and Southeast Coastal Project Area
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
DISPUTED ITEMS
Period Covered:January 1,2012 through June 30,2012
Contract/ Total Payable from the Administrative Allowance Allocations'"*'
Agreement Outstanding Total Due During Payments by month
Debtor Fiscal Year "'Funding
Project Name/Debt Obligation... Execution Data Payee Description" Project Area Obligation 11/12 Source Jan 2012 Feb 2012 Mar 2012. Apr 2.012 May 2012 1 June 2012. 2012 Totals
a) January-through sussesser Agency
arv#n�enilering-ImF�R 1X26
as-required-W AB-1X26
Merged 424,991 1 Ad— ----25,40 35,409 —25;400 141,601
2) Jawuasy lhreugh 8usse66eF,,49easi'
dune-zg12relating 119 me main R9 payments on
419111sme and other agliiViges
as-Fa4uae4Tay-Ag4X26
SeWheaeR
Q.—W 7,999 6,26i Admia $ 6;264
3)Enforcement of Successor Agency compliance January through Successor Agency,Kane Bailmer, Successor Agency administrative obligation
and monitoring per AB IX26'"^ June 2012 Keyser Marston,and Macias Gini relating to maintaining payments on
&O'Connell LLP enforceable obligations and other eclivilies
as required by AB iX26 Merged 8.
�r--I Southeast
,y Coastal 250,000 250,000 Admin 41,667 41,667 41,567 41,667 41,667 41,665 $ 250,000
r-i $ 250.000 $ 250,000 1 Admin 1$ 41,667 $ 41667 $ 41,657 $ 41.667 $ 41567 $ 41,665 $ 250,000
�J
" The Preliminary Draft Recognized Obligation Payment Schedule(ROPS)is to he completed by 3/1/2012 by the successor agency,and subsequently be approved by the oversight board before the final ROPS is submitted to the State Controller and State Department of Finance by Aprl
r 15,2012.It is not a requirement that the Agreed Upon Procedures Audit be completed before submitting the final Oversight Approved ROPS to the State Controller and State Department of Finance.
"'Notwithstanding AB 1X26,these agreements are included because among other reasons,they are validated by operation of law prior to AB 1X26-
"""Funding sources from the successor agency:(For fiscal 2011-12 only,references to RPTTF could also mean tax increment allocated to the Agency prior to February 1,2012-1
RPTTF-Redevelopment Property Tax Trust Fund Bonds-Bond proceeds Other-reserves,rents,interest earnings,etc
LMIHF-Low and Moderate Income Housing Fund Admin-Successor Agency Administrative Allowance
Administrative Cost Allowance caps are 5%of Form A 6-month totals in 2011-12 and 3%of Form A 6-month totals in 2012-13.The calculation should not factor In pass through payments paid for with RPTTF in Form D.
The outstanding debts for line items i and 2 are stricken as they are under dispute with the Department of Finance;however,the Successor Agency reserves the right to pursue legal remedies,as necessary,and or provide additional documentation.
�1
N
I
J
ATTACHMENT #2
RECOGNIZED OBLIGATION PAYMENT SCHEDULE-CONSOLIDATED
FILED FOR THE JULY 1,2012 to DECEMBER 31, 2012 PERIOD
Name of Successor Agency The Redevelopment Agency of the City of Huntington Beach
Current
Total Outstanding Total Due
Debt or Obligation During Fiscal Year
Outstanding Debt or Obligation $ 117,669,749.00 $ 14,138,865.00
Total Due for 9ix Month
Period
Outstanding Debt or Obligation $ 5,747,947.00
Enforceable Obligations paid with RPTTF $ 5,580,531.00
Administrative Cost paid with RPTTF $ 167416.00
Administrative Allowance(greater of 3%of anticipated Funding from RPTTF or 250,000.Note:Calculation should not
Include pass-through payments made with RPTTF. The RPTTF Administrative Cost figure above should not exceed this
Administrative Cost Allowance figure) $ 167,415.93
Certification of Oversight Board Chairman:
Pursuant to Section 34177(l)of the Health and Safety code,
I hereby certify that the above is a true and accurate Recognized Name Title
Enforceable Payment Schedule for the above named agency.
Signature Date
CD
OPS July 2012 thru Dec 2012—submitted an May 15th.xlsx
Name of Radavalopmenl Agency. The Radevelopmonl Agency of the City of Hun11ngt.,Beech FORM A-Radov.lopmant Property Tax To-t Fund(RPTTF] Page 1 of 7
Pmlecl Are.(.) Merged Pro)ecl Area
IFF�r( RECOGNIZED OBLIGATION PAYMENT SCHEDULE
N Per AS 28-S.cR.n 34177(')
Period Covered:July 1,20t2 through December 31,2013
•$ cool...I I Payable from the R.d.valopm.nt Property Tax To-t Fund(RPTTF)
Agreement Total Dua Paymenla by Month
�k Tolel Oublending Durt,S H...I ""Funding
O Project Nome I Debt 01,118ailon"" P.x' acuO ye on Data Pope D...dpilon" Project Area Debt or Obll,lion Year 11113"' Source July 2012 AuS 2012 Sept 2012 Oct 2012 Nov 2012 0ac 2012 2912 Totals
43 YxMex,Fkaka-RadavalaPmenk Jung 1983, City of 1 hunllo9bae Merced Z09432 207Z RPTTF i
wTebedSeechRedevebpmeM; AuBastaBr C11yaf! Alingbnaeligh geode xpendl1tlfBs91'he Malted 3Bsa2a uses RPTTF i
3)Melnl+lerRedavebpmeah-Bakvlew 49116,YeAeua- Clly-aRNunllrgbn&aaW radevab Merged 4"".,r,u,,4 "Am RPTTF i
OParoOva' IeNexigg'Ndavelepawn4 Pra)aaW
w RatlwWapaeM-au6MwYn8tea CgyaRNuWbgbSSaaW Merged reanneal 2:31B8B2 B83B8 RR4-LF {
w 6enbc6emmembWlaMaF � 611ya7Nua0flgian8g.ah Merged 6B44 22253 RPTTF {
w Redaveleamenl-Pryew g� aggg silyefHunungbn-Beech girder, Merged 1 66,047 1 RPTTF i
Z) CNyaR4bWbglan-6wah 6emawraiel-DlctdW Merged 4"= RRITF i
w ctyaNwdagbna.aah PmwwaLAmaa 1--� Mer9ad B4 3agg RPTTF i
w C9yaRNuMlegion-B.aah N+1aweHiala-diiK Merged 2382 RPTTF i
4w City-atliun9nSbn-Beecp Dalae-0eW-Incurred:June-1B88,Au®ua4 MyRP' 3;g88 R944F i
43) Cllyet Walhoten-Baeah 46'-1886'�Varbuc Opera6vo•Agroemaa4
Amantla-a.- h..1,4— MarBad 2"44 RPTTF {
4w Cgy6L4NIMIggIBw 6aaaM
Melted 669 RPTTF {
43)Land9atahasetl'�eFsamSxRcreL Sepbmb.,- C9S`0µuAlhlq BeaGr Legally b nd ad OpmeivaAgreme—AfeF Merged T4383 RRTSF {
44) 4989-end- Cgyef-Hungn9laagaaah and!or 6evalapma
law-Squarar4he-MaMSlreet-ParklnP Seplembx 4, M lad-Rra)ecFArea PdnslP,lAmaun4- Merged --a 2.6nB= 231�J8F RPFiF {
4F) 3B8g Clly of 11un8ngbaAeech Merged �6�Bii-3SB 4-BF2-3i8 RPFiF i
4w aW WwabpawM Gp`uf NUMlaglenAaech Merged —3�648,i3g 3T8;363 RPFiF {
4Ij 61ty-eRHueBagbnSeaah �PbmbarA.-iBBB
Merged 427y108 RPIIF {
ill)Land Selo Err Cove May 19,2009 COHB Park A S O Fund Legally Bindlog Operative Agreement
Pdncip,l Amounl-St,740,834,1.%..l
Rate,3 81%,Debi Incurred on May 10,
2009 Merged 5.468.098 RPTTF S -
J 493 Walar4nlraGwalure-CaaGwcken4oHpa- 4w 6CW8-WelacWilily L-e8ally8indiag-Operalwa Agteernenf
�J Merged4aaf alrtrea PrtnslpatAmared-44,4as,aoorlaterasl- Merged •ss,o66 RRTxF i
1 2w CCNB4MabcDtuuy '
lJ-3 MargadFrofpG-Area Merged RPTTF { -
-P 24)Deneaw leathucbre-cetwteate n4x- 4w CONB-Drainaga-UliIt, 6agally-Bintlin®-OpawlwaAgrearaan4
1 WSMaiaPier-We)eal Pnna�Pa" °nBg9gg_Iels
18l°.(rBaW-Nuwra6Jal8B7 Merged 163,996 RPTTF {
22) Saplembea4r- 6BMBSeVar-UNIIL)'' k�raanwnl-
Ma1aPilo-Pw)act 3BBg
3-84%:-Dab4 krsunedawSa61am4ar-4;-
4BBg Merged -�-,438 RR43F i
2w DekwaCDwalaparkeas-PaAF4 4884 COW6�RarkA 4DFund begally-BMdkgOparallveAgraemenl-
AcquNluan-Foe Rrlaafpa. WoolM�rg�
as4-ArBebt-Inwmars1g84 RRT3F i
24)DabaedBeveleparFeoa-SexecFac COH&Sever Ulilly
Merged RR7;F {
249 DafoaaCBevabpor-Faea-Doe"o-fi COHB BraMaga-Ullily
Merge RPTTF i
Tolels-ROPS RPTTFThJ.Pella 3 5.468.098F4,182.585
84 RPTTF $ S S $ $ S S
Tools-ROPS RPTTF Paget $ 38.422,406 $ 85 RPTTF $ 972,531 $ 1.315.369 $ 368,396 $ S $ S 2.056.29
Total.-ROPE RPTTF Page 3 S 21,070.39004 RPTTF $ 25,534 S 25.534 S 855,513 $ 25,534 $ 25.534 $ 25,632 $ 9834181
Tobin-SOPS RPTTF P.S.4 $ 8.508,69772 RPTTF S 19,015 S 24.015 $ 160.580 S 21,285 S 1320 $ 18.995 S 245.190
Tools-ROPS RPTTF Page5 { 45.419,12264 RPTTF $ $ S 1,693,384 S $ $ $ 1,693,364
Totals-ROWS RPTTF PageB $ 612,82080 RPTTF $ $ $ 2,500 $ $ $ S 2.500
Total.-SOPS Morlo Cool Allow Page 7 S 187,416418 ADMIN S 27.903 S 27,903 S 27,903 $ 27.903 $ 27,903 $ 27,901 $ 107,41B
TolaN-ROPS Po,s Through Page 8 S PASS THRU $ S S $ S $ i
Grend toot-Ail Page, S 117.669,749 1$ 14,139,865 13 1.044.903 S t.392.821 I S 361OB123B $ 74,722 $ 54.757 $ 72,428 S 5,747,847
Th.Preliminary Drag Recognised Oblip.tlon Payment Sehedub(BOPS)is to b•compl.bd by 311R013 by N.aucc.saor aB.ncy.and aub..q...Ily be approved by th.—t.ht board before th.final RODS 1,.ubmiR,d to the State C-4,11.r and Stale Department of Fire—by April
19,2012.It to not a requirement that the Agreed Upon Procedure.Audit b0 completed before.ubmltIMS the final Oversight Approved SOPS to the State Controller.nd Slab Bepadment of no.o...
^Notwithabndbg AB 1X3B,the,*agr.,,,,M are included I,......among of,r re,..,a,they.re vaildabd by p.,V.,of Iaw prior to AS 1X36.
^'The Clty'a fi...i year runa Octob.r 1 through September 30.
""Funding.ource.from the auccea..I agency:(For 11-1 2 0 11-1 2 only,reference.to RPTTF could ciao..an 4s Increment allocated to the Agency prior to February 1,31113.)
RPTTF-Red.vobpment Property To.Trust Fund Bond.-Bond procuda Other-ns.rv..,renb,Inbr.at....I.,.,at.
LMIHF-Low and Moderate Income Housing Fund Admire-5—.....Ag.ncy Admini.h.d.Allow..
^^The oubtendiog debts br 11n.Ilene 1-17 and 19-25 are Ithl.ken per the D.p dow,ol of Finencai however,the su,c....rag•nry disputes IhW po.11lon and rest.—the right to pursue legal remedie.,to ri—..ary.
Name of Redevelopment Agency: The Redevelopment Agency of the City of Huntington Beach FORM A-Redevelopment Property Tex Trust Fund(RPTTF) Page 2 of 7
Project Area(s) Merged Project Area
RECOGNIZED DBLIGATION PAYMENT SCHEDULE
Per AB 26-Section 34177(')
Period Covered:July 1,2012 through December 31,2012
Contract/ Payable from the Redevelopment Property Tax Trust Fund(RPTTF)
Agreement To[ai Total Due Payments by Month
Oulstandmg Dahl During Fiscal *Funding
Project Name I Debt Obligation Execution Date Payee Description" Project Area or Obligation Year 11/12"' Source July 2012 Aug 2012 Sept 2012 Oct 2012 Nov 2012 Dec 2012 2012 Totals
1)Main-Pier Purchase Loan Repayment August 1,1994 Housing Authority Legally Binding and Enforceable Agreement
for Property Acquisition for the Main-Pier
Project Merged 1,362,500 RPTTF $
2)Hyatt Regency Huntington Beach Projac[ September 14, Robed Mayer Corporation Disposition and Development Agreement
1998 approved on September 14,1998 for the
Waterfront Development
Merged 5,803,061 736,522 1 RPTTF 367,896 $ 367,896
3)2002 Tax Allocation Refunding Bonds Jun.19,2002 Bank of New York Trust Co. Tax Allocation Bonds Debt Service
Payments Merged 17,964,850 1,635,738 RPTTF 1,315,369 $ 1.315,369
4)1999 Tax Allocation Refunding Bonds January 12. Bank of New York Trust Co. Tax Allocation Bonds Debt Service
1999 Payments Merged 8,221,038 748,088 RPTTF 599,044 $ 599,044
5)2002 Tex Allocation Refunding Bonds June 19,2002 Arbitrage Compliance Specialist Tax Allocation Bonds arbitrage rebate
calculation-Federal IRS Compliance Merged 500 500 RPTTF 500 $ 500
6)1999 Tex Allocation Refunding Bonds January 12, Arbitrage Compliance Specialist Tax Allocation Bonds arbitrage rebate
1999 calculation-Federal IRS Compliance Merged 500 500 RPTTF $
7)2002 Tax Allocation Refunding Bonds June 19,2002 Internal Revenue Service 15th Year Arbitrage Rebate Payment
Merged 614,600 RPTTF $
8)2002 Tax Allocation Refunding Bonds June 19,2002 Bank of New York Mellon Tax Allocation Bonds-Payment to Fiscal
Agent Merged 1,537 1537 RPTTF 1537 $ 1,537
W 9)1999 Tax Allocation Refunding Bonds January 12, Bank of New York Mellon Tax Allocation Bonds-Payment to Fiscal
1999 Agent Merged 848 848 RPTTF $
VJ
� 10)2002 Tax Allocation Refunding Bonds June 19,2002 AMBAC Bank of America Master Repurchase
Agreement for Debt Service Reserve Merged 3,000 3,000 RPTTF $
11)2002 Tax Allocation Refunding Bonds July 7,2009 Harrell&Company Advisors,LLC Preparation and fling of Continuing
Disclosure Annual Reports end Material
Event Notices Merged 250 250 RPTTF 250 $ 250
12)1999 Tax Allocation Refunding Bonds July 7,2009 Harrell&Company Advisors,LLC Preparation and filing of Continuing
Disclosure Annual Reports and Material
Event Notices
Merged 1,525 1,525 RPTTF 1,525 $ 1,525
13)HUD Section 106 Infrastructure Loan for July 21,2010 Bank of New York Mellon Legally binding and enforceable loan
Hyatl/Hilton Properties agreement with the U.S Department of
Housing and Urban Development for capital
improvements
Merged 3,804,470 4101350 RPTTF 370,175 3 370,175
14)HELP Bowen Court April 3,2002 California Housing Finance Full payment of loan borrowed by Agency to.
Authority Senior Rental Complex from the State of
California
Merged 643,727 643.727 RPTTF $
$ 38.422,406 $ 4.182,585 RPTTF $ 972,531 $ 1,315,369 $ 368,396 $ $ $ $ 2,656,296
The Preliminary Draft Recognized Obligation Payment Schedule(RDPS)is to be completed by 31112012 by the successor agency,and subsequently he approved by the oversight board before the final ROPS is submitted to the State Controller and State Department of Finance by
April 15,2012.it is not a requirement that the Agreed Upon Procedures Audit be completed before submitting the final Oversight Approved ROPS to the State Controller and State Department of Finance.
"Notwithstanding AB 1X26,these agreements are Included because among other reasons,they are validated by operation of law prior to AS 1X26.
—The City's fiscal year runs Dctober 1 through September 30.
—Funding sources from the successor agency:(For fiscal 2011-12 only,references to RPTTF could also mean tax Increment allocated to the Agency prior to February 1,2012.)
NRPTTF-Redevelopment Property Tax Trust Fund Bonds-Bond proceeds Other-reserves,rents,Interest earnings,etc
LMIHF-Low and Moderate Income Housing Fund Admin-Successor Agency Administrative Allowance
N�
N�
Name of Redevelopment Agency: The Redevelopment Agency of the City of Huntington Beach FORM A-Redevelopment Property Tex Trust Fund(RPTTF) Page 3 of 7
Pmjact Area(.) Merged Protect Area
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
N Per AB 26-Section 34177(')
• Period Covered:July 1,2012 through December 31,2012
Contract I Total Payable from the Redevelopment Property Tax Trust Fund(RPTTF)
�L Agreement Outstanding Total Due Payments by Month
Debi or During Fiscal • 'Funding
N Project Name I Debt Obligaton Execution Data Payee Dascrlplium Project Aree Dbll allon Year t V12"' Source July 2012 Aug 2012 Sept 2012 Oct 2012 Nov 2012 Dec 2012 2012 Totals
1)Strand Hotel and Mixed Use Project, June 1999 b CIM Group,LLC and Kane Property Tax Sharing Agreement under the
Perking&Infrastructure lmplemanling November 2006 Bell—and Berkman Dbposllion and Development Agreement
Agreement (DDA)for development of hotel,retell,
restaurant,and public parking structure.The
_ Implementation of the DDA and the Sixth
Implemenlelion Agreement were entered Into
from June 1999 to November 2006 Legal
costs to protect DDA obegalions.
Merged 14.005,126 685,403 RPTTF 685,403 $ 685,403
2)Strand Protect Additional Perking January 20, CIM Group,LLC Properly Tax Sharing Agreement under the
2009 Disposition and Development Agreement
(DDA)and Slxth Implementation Agreement
for the Strand Projects parking structure
authorized on January 20,2009.
Merged 1,088.861 49,576 RPTTF 49,576 $ 49,576
3)Pacific City October 16. Maker Properties and Kane Dwner Participation Agreement approved on
2006 Batlmer end Berkman October 16,2006 for future development of a
31-acre site located al Pacific Coast Hlghway
and firs,Street end financed by property tax
allocations.Legal services Incurred 10
eliminate obligation.
Merged 5,520,000 20,000 RPTTF 20,000 $ 20,000
4)Covenant Monitoring Dbligallons of January,12012 Housing Authority Statutory obligations for housing affordability,
Housing Authority producllon,reporting and compliance as per
1 Government Code.
G3
1
Merged 1 306403 306405 1 RPTTF 25,534 1 26,534 25,534 1 25,534 1 25,534 26,532 1$ 153,202
5)Housing Authority Covenant monitoring July 19,2010 Keyser Marston Statutory obligation for Housing tapoding,
per AS 987 audi0ng and compliance
Merged 150,000 150,000 RPTTF 75,000 $ 75,000
6) Or1gMeL Kaaa-Ballmerand-Berkman
maallxkrg-paFAB--iX26 Agreement scmPgaase-w6hAB-7X26
atfeslive du ,
2990.Fvlmended
enSa6bm4ar-
Megad —469,9W RPTTF �g,9g0 -BB,Og9
7j Indepe6denNkaBsielslalement-en6 9esembeF20, i&-B'SBaneII_LW Inde Peal.hnansie"Walma.l anel
sampNagsaaadiF 20Q .
Ghweromaa4AudI6nS-Slanda W aS6sbrnen4 ew
AadgingSlendanisjSAS)-Ne-117:
�omplianse-AudA'
Merged10,185 RR-TW I $
....... duly-19,2O18 Keyser-Marslen L-egally-binding-andaMeweable greemenF to,
4X26 sengneed-admwlslm9eB and aperegaRe0.
Sdcse.aeFAgenay
Merges RRrf� —a7,sea �� as
$ 21070,390 $ 1,211,364 RPTTF $ 25.534 $ 25,534 $855.513 $ 25,534 $ 25.534 $ 25,532 $ 963.lBt
The Preliminary Draft Recognized Obligation Payment Schedule(ROPS)Is to be completed by XV2012 by the successor agency,and subseq v uently be approved by the oversight board before the final ROPS is ubmifted to the State Controller and State Deportment of
Finance by April 15,2012.It Is not a requirement that the Agreed Upon Procedures Audit be completed before submitting the final Oversight Approved RDPS to the State Controller and Slats Department of Finance,
^Notwithstanding AS i%26,these sgm,m,nft are Included because among other reasons,they are validated by operation of law prior to AB i%26.
•••The City'.fiscal year runs October i through September 30
—Funding sources from the successor agency:(For fiscal 2011-12 only,references to RPTTF could also mean tax Increment allocated to the Agency prior to February 1,2012.)
RPTTF-Redevelopment Property Tax Trust Fund Bond,-Band pr*cled, Other-reserves,rents,Interest earnings,etc
LMIHF-Low and Mod...1.Income Housing Fund Admin-Successor Agency Administrative Allowance
""•The outstanding debts for line Items 6,7,and 6 ere stricken as they are under dispute with the Department of Finance;however,the Successor Agency reserves the right to pursue legal remedies,as neces.sry,and or provide additional docu mentatlon.
Nome of Redevelopment Agency: The lbd.-pmonl Agency of lM City of H-lin91on Boom FORMA-Rod...lbp..nt Property T.T dt F..d HRPTTf) Page 4 of
PmleclAna(.) Meryatl Prolecl Arae
RECOGI-D OBLIGATION PAYMENT SCHEDULE
Per AS lH-B.cllen] 111•)
Ped.a c.vend:Julv+.x•12 I-o9h O.e.mb.r H.2111
Cenlncl l P..bla I Ihd,R.d.vaicp.-PlepaaY Ter T000l Fontl(RF779
Agreamenl Tclelo Nodlrp FIMIcel Yeerd Do.D11112 '•"Funnlrq Pity-by Menln
Prolecl Name l Dabt Obllgslbn Ea•culbn Dale Daacnp5an• Ptalac(Atee Debl cr Oid Ilan July 2012 ALB 1D 12 Sap12612 DO 2D 12 Nry 2012 Doc 2012 2DH2 Telele
11 ABodablc ifeueing-pbi punuanl to the Onglrel Amedlwlbrel Siablcry obigidial ter heuling comphenco
ntdo)end
1-DIo1111 and 131 el Ih.Cellbrnle all.civ.Julyx0, 413(6)141entln334u01e1(21en7 13111 beeclo
Cemmonily FUtdo-pmepl Lew,Ifeeil-S.bly 2D101--d Cellbrni.
Cade Secbcn 3301H,t eoq-boolmDNWIIW an July 20,21)11 Commonly R.tlrvolepmen-,H-S,and
-AS g6T. Sentryy Cadl S-lan 33000,It too
Witted 75pDD 75,D00 RPTTF VS00 S 3T,500
21A.-.Heosin9 Cc.phencc ponoenite lne Origins e9e0mer eM 9er.men blery ebdgellen brlepal,cempdcnce..-ma
nt
.....Tome al So
33413b)(4)entl ABreem lnl cpeula.,: Fbwmg Al11h1l rypnnuenl..Nc
]490UHf2)enit(3)el me Cenbmm neclNe July 0, raquMmeN.at So-33413(b)(4)and
monity Rotlewlopoo Lew,lbelln enilselery 30091A.-ol 4001c7121.1m 131 el me Celibmm Cemmumry
Cede S.cticn 33D0D,•Lott Crvenent-leriv on Seplember evIcpmenl Lew,IN.11h a ntl Sid.to Cede
per AS gBT 19,2611 Saclbn 33000.1 Mitt
Meryatl HIS.000 15D.ODO RPTTF 76.000 S 250000
3)Repoymonl.1 SERAF Debl Dbipatlan 2009 Noty 10.2010 Hitoolog AUlhodty Legally b-c.odo oblSolbn M,SERAF Loan
lepeymenl Merged 3,221.7B6 RPTTF S
4)Rep.y.tM of SERAF Dob1 O611ge1Ion 2B10 May IS,2B11 Hcuebg AUlhcllly Legally enbrneble ebligidin br S ERAF Leer
repeymenl Meryatl I TaD,BDD I RP71 IS
5)Aldlotbll Owner Pe pidlap Agno,oa-bid May 2B,1991 Abdal-I Drvolep.oid Cemp.rry Ow...P.'.,IpebnN ABreemoo"'nl Sir..n0at
ennllel AgrecmebI eM_aotbcr Agteamenl.....-d!on May 2B.1S91"`I7
21.1954 -olepmenl el b•IM1rte otory bmitlhg et No
Orz a-T lallo
Am.Mmant bo.e0ect an-0.ber 2,Hdo
Merged 15.213 15,213 RPTTF 1.- 1,DDB 1,DDB I= i.001) H,DDD S "S.
el HauN.gAWnagy
�]NS Mepetl ]BpN.66S RRTTF S
TlCmwna.enfc.cemanl lcr A9crtlebM MOotio Dattoo Gnca Jo,Eeq SPola"tt.1"a"Ingr le9cico.poob-o and
po"'.1to
0.1 oto pddcrlhe p�r Citypa.e..Pplleat Mpr-dang. Adocb- relbno of at Sbb Aulli 3b)(4.venl to lM1e
and preeenirp lhoClly'o oup 1.loweMotal l a bti on ngmntd(21 ((3).en3]4t316114)ant
Secibn 334133pp14)Andd b Na)(2)-13)cllho Nov.-o10,tl 334901a1121 ark WIofIts Celllernlo Commonly
Ce41bm1.Cammun0y R tl.wlcelRl arW 131 cl 0l Amentle Retlrv•Icp..t Lew,gH-St eM Belety Ccdc
ntl Sentry Cpde 9Ity R.d300a,et•.eq.Heats en Saplember Saclbn 330W.e1
1 Merged D,731) DT]0 No- S
VJ D)CwotHd onlememenl IbIABortlebb MdlIHB Menh 2D,20121ee.Ica LMh.m.Eeq SIelulery abligolbn br MBM compllence end
p epcU der Ina porpo4e cl Incr•aolrp.6nproNrq, Apel.ibna el Houalrq A.- pomood MNe
1 en pnvrvirp lM1e Ciya.upply of tow..d modem nobbbdo Me el Secden 3341]Ib114)end
Incbm•Mu.Ip punuanl to Its requMmenU el SJ4S01.7121.ntl 13)el the Caril-Cammunlly
Saclbn 334131b1141.M]]4901.)(2).na(3)of be va 1plot Law,wadh.nd Smaly cede
Cahbmm Ccmmanity Ratlrvelcpm.m Lew,Heodn non 33001.of.•q.
antl Santry Cado Sochcn 3300D,It-
AI WOO. 3DADD RPTTF 54. 5pDD 5pDD S 15,O0
91 Un-olC PERS Parnlbn LMblNe. Aecl.W11 CeIPEHS Unlundetl C•lEFER pernlon ebllgalbn eo por
C.IPERS ecluerlel voloeiwn..ci J.-39.2D10
Meryatl 1.40J.131 I.S. RPTTF 0127 S.121 24.bSD S 39,701
101 Un(und.d Supplo.anMl Rolln.onl I-Nollld.e -9130111 Usgenk Un-Mol echiedel.ccniol lobldlyca
S.plemb.r 30.2011 c.par Lilo el v0ddlbn by
AON Cenrvllinp.Inc
Meryad 41S11DD NLIHS RP- 1,Sd) 1,S6B 6,3T2 $ B,4D3
111 PrLXC fta-Robot-Syf1e.11PARS1 No toe Aoe1g13Wll Poll Loin L.Daly•nbrceeble nlinmanl cbi.0-lot lady
P.5, mend In Idt.program entl annuity co-cl Mary.tl 80,01) 15,905 RPTTF TSSS5 S 1gp95
121 U-tiod OPEB Uebildlo. A.at DI I C.IPERSICEROT Unluntletl ecloenal eccm.d lleblllry eM el June 30,
2B11eep.rAON ato.dltg,inc. Meryatl 160,DD0 3.64D RPTTF 3M 320 1.200 320 320 32D S 2SSD
131 OEIIgalien yr unused employee General Lasva Ne1.0111 Clry yaeetlk.mpbecllyldlalodln Heu.l.ObIliddlen der,unustl e eya.e .pi G.tRrtl L.ow
M RabvMcpm.nl p.lecn entl a.bd MW-Ol e.por MOU.end AS 1X26 MoMad 124+351 61,171) RPTTF $
[141 So-itooeA,.,4.pllanc. D.cemb•r S, NtS; It MW Abodi Apprellai entl reel•eble ctio.-I nl20DBM.-d 15,D00 RPTTF 5pDD 5.110D 3,ODD B 1],DOB
5urccae.Aiiii Y CcmplN.ce per H S S C.tl. M.y T.2DBT Tlerrt-01 I-I entl Rcai.olala wreidbodt
M.ryetl WIND 3D,00D RPTTF 5p00 S.D00 5pDD 140S S 29,ST5
Jnoaryl,2Dt2 L..G...z LagMry anlerc•abl.luiflonnimbom.m.nl hire 6lUndonoo-9 wilb bidboli and el per MOU ant AS 1X2B
Meryatl 1.60D iADD RPTTF S
$ertl 6S0.EL IIInlM nn.IRO2PS le RF- 3 1SB15 S N.SUI S 100.5D0 S 21,2D5 S 1p20 S iS995 S 245,1BD
The Pnlimimry Oren Racegnlutl O611g.Ban P.ym.nt 0cMtlolo IROP9110 He he cemDlel.d by JI113012 by N.ouccao.er.,a Antloub•aquenllY b.appoewtl by Ih.ev ub.1(bd to St.SI.Ha Centrcll.r.ntl 0MM O.P.dmenl of Fln.nu by ANN 1S,2012.It I.nets MgUl.o.ent tb.t
N ha A9rtad Upon A.dIl bplatatl b.loto-.11dog Rot nrni Ovorelght Apprrvatl ROPD le St.Shia lade Conlodit,And S 9eped.e d el Flnenc..
tling Proc.tluna a ce.
Al tXxa,th..a eBnamenb on lnclutl.tl bec.u.e.men9 olh..I.......1MY.••va11d.1etl by ep..H..of law prier to AS 1X33.
M C1y.n.wl Ya..ran.o.mber H Nrougn e.pl.mMr 3B.
undin9 eeurcae Ire......ca.•a'.9ency:(F.rII¢ol x011-H2 pny..........to RP1TF woltl Mep mean lea Inerem.nl Mlecetetlb wAit",pool IF"-*,H,261x1
1 p.dY To.Tre.t FLna ... oln..-r...,w.,.nl...........r B.b
WHIF-Law end Med.tlM.htmm.Hou.inB Food Admb-S.cu A..—Ad.d.)MION.All——
tl M
�J •TM1Ie 0-oodloS.bd to dlobn par dhtDoP.-ol.1 Flo.Oc.l0.11-oo:M1ew.Y.r,Ih.•occ.Mier AB.ncy....ot.ed R.bllily.
W
r+
t�
Name of Redevelopment Agency: The Redevelopment Agency of the Cily of Huntington Beach FORM A-Redevelopment Property Tex Trust Fund(RPTTF) Page 5 of 7
N Project Afea(s) Merged Project Area
• REC DGNIZED OBLIGATION PAYMENT SCHEDULE
Per AS 25-Section 34177(')
~+ Period Covered:July 1,2D12 through December 31,2D12
Contract/ Total Payable from the Redevelopment Property Tax Trust Fund[RPTTF)
Outstanding Total Due During
Agreement Debtor Frscal Year —Funding Payments by month
Project Name/Debt Obligation Execution Dale Payee Descrlption•' Project Area Obligation 11112••' Source July 2012 Aug 2012 Sep12012 i Oct 2012 Nov 2012 Dec 2012 2012 Totals
1)Emerald Cove 2010 Series A Lease Revenue May 13.2010 US Bank Emerald Cove 201D Series A Lease
Refunding Bonds Revenue Refunding Bonds Debt Service
Payments
Merged 4,054,198 404,564 1 RPTTF 404,564 $ 404,584
2)Bella Term Parking infrastructure Property Tex October 2,2000 Bella Terra Associates LLC and Properly Tax Sharing Agreement required
Sharing Agreement end September Kane Balimer end Berkman under the terms of the Owner Participation
17,2007 Agreement(dated 10/2/2000)and Second
Implementation Agreement(dated
9117/2007)for the development of the
Huntington Center(Belle Tema).Includes
legal requirements to enforce obligation.
Merged 13,924,894 1.277,600 RPTTF 1,277,600 $ 1,277,800
3)Bella Terra Phase II October 4,2010 BTDJM Phase II Associates(DJM)Affordable Housing Agreement approved on
and Kane Ballmer and Berkman October 4,2010 for construction of a 467
mixed-use unit project.Project is currently
.J,W.-•II under construction end financed by property
tax allocalions Includes legal requlramanls
1 to Implement obligation.
lIO
QQ Merged 27,436,030 7,200 RPTTF 7,200 g 7,200
1 Owner Participation Agreement(OPA)
approved on July 6,2009 for the continued
redevelopment of the site located at 300
Pacific Coast Highway in Downtown
Huntington Beach.Legal services were
Piarside Pavilhon,LLC and Kane incurred to amend the legally obligated
4)Plerslde Pavllilon Owner Participation Agreemen July 6,2009 Balimer and Berkman CPA
Merged 4,000 4.000 RPTTF 4,000 $ 4,000
$45,419,122 $ 1,693,364 RPTTF $ g $ 1,693,364 $ $ $ $ 1,893,364
' The Preliminary Draft Recognized Ohligalian Payment Schedule(ROPS)is to be completed by 31112D12 by the successor agency,and subsequently be approved by the averslght board before the final ROPS is submitted to the State Controller and State Department of Finance by April
15,2D12.it is not a requirement that the Agreed Upon Procedures Audit be completed before submitting the final Oversight Approved ROPS to the State Controller and State Department of Finance.
"Notwithstanding AS 1%26,these agreements are Included because among other reasons,they are validated by operation of law prior to AB 1%26.
—The City's fiscal year runs October 1 through September 38.
—Funding saurces from the successor agency:(For fiscal 2D11-12 only,references to RPTTF could else mean lax Increment eliocated to the Agency prior to February 1,2D12.)
RPTTF-Redevelopment Property Tax Trust Fund Bonds-Bond praceeds Other-reserves,rents,interest earnings,etc
LMIHF-Low and Moderate Income Housing Fund Admin-Successor Agency Administrative Ailawanca
Nam,of Redevelopment Agency: The Redevelopment Agency of the City of Huntington Beech FORM A-Redevelopment Property Tax Trust Fund(RPTTF) Page 6 of 7
Project Ataa(s) Southeast Coastal Project Area -
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Per AB 26-Section 34177(')
Period Covered:July 1,2012 through December 31,2012
Contract/ Payable from the Redevelopment Property To,Trust Fund jRPTTF)
Total Due
Agreement Total Outstanding Outing Fiscal ""Funding Payments by Month
Project Name/Debi Obligation Execution Dale Payee Description" Project Area Oebt or Obligation Year 11/12"' Source July 2012 Aug 2012 Sep12012 0c12012 Nov 2012 Dec 2012 2012 Totals
1)Wildlife Care Center November 15, City of Huntington Beach Advance from City on conslruction of Southeast
2004 Conservancy Grant funded block wall and Coastal 344,816 27.841 RPTTF If
2)Operative Agreement for the Huntington Beach Redevelopment Fiscal Year City of Huntington Beach Loan repayment for advance made on Southeast
Project 2004/05 capital projects In FY 2004/05 Coaslel 282,1104 21.219 RPTTF If
3)6ewAAatlerate Jnc2g-°G-Sal Aside-pursuanNa-Hae{Wano Q,Nly Haucinglwl amy SlatWary housing-B41igaHaastaqurted-by
6etlaeeclien23487— Southeast
Coastal RPFFF i
]A-11-11 far AES Property Tax Valuation March 21,2011 IVIIH,,nC,n,ull,ng JAssesemenl for AES Property Tex
Valuaton Southeast
Coastal 5,000 5.000 RPTTF 2,500 $ 2,500
$ 612,620 $ 54,060 RPTTF $ $ $ 2,500 $ $ $ $ 2,500
The Preliminary Draft Recognized Obligation Payment Schedule(ROPS)Is to be completed by 3/1/2012 by the eucces.or agency,and subsequently be approved by the oversight board before the final ROPS is submitted to the State Controller and State Department of Finance by April 15.2012.it Is
not a requlramant That the Agreed Upon Procedures Audit be completed before submitting the final Oversight Approved ROPS to the State Controller and State Department of Finance.
••Notwithstanding AB iX26,these agreements are Included because among other reason,,they are validated by operation of law prior to AB 1X2B.
•••The City's nocal year runs October 1 through September 30.
-�-{ —Funding aourcea from the successor agency:(For Fiscal 2011-12 only,references to RPTTF could also mean tax Increment allocated to the Agency prior to February 1,2012.)
RPTTF-Retlavetopmani Properly Tax Trust Fund Bond,-Bond proceeds Other-reserve,,rents,interest earnings, to
LMIHF-Low and Moderate Income Housing Fund Admin-Succes,or Agency Administrative Allowance
s "'•'Thls outstanding debt is stricken per the Department of Finance instruction:however,the successor agency assumes no liability.
ICJ
4"h
N
r+
1�..p FORM C-Administrative Cost Allowance Paid With
II---+f Name of Redevelopment Agency: The Redevelopment Agency of the City of Huntington Beach Redevelopment Property Tax Trust Fund(RPTTF) Page 7 of 7
N Project Area(s) Merged Project Area and Southeast Coastal Project Area
• RECOGNIZED OBLIGATION PAYMENT SCHEDULE
t.— Per AB 26-Section 34177('J
Period Covered:July 1,2012 through December 31,2012
Contract/ Total Payable from the Administrative Allowance Allocations"""
Agreement Outstanding Total Due During Payments by month
Debt or Fiscal Year "'Funding
Project Name/Debt Obligation""' Execution Data Payee Description" Project Area Dbli ation 11/12'"' Source July 2012 Aug 2012 Sept 2012 Oct 2012 Nov 2012 Dec 2012 2012 Totals
4) July'lhrough Sa Sussasser-Age
BessmbeF2042 .
Allowance Masia� lb lia! sad other aGlivitlea.
as-requi led'by AR 1X26
Merge 1—339-082 —334-082 Admin $ 214,02:
Jaauayikreugh SussesseFAgaancy Sossesser Agonsy-admin
asraquked layAll 1X26
SeuEheast-
Eeastal Admin 683 --E93 86 $ 2;602
3)Enforcement of Successor Agency compliance January through Successor Agency,Kane Bellmer, Successor Agency administrative ohligallon
and monitoring per AB 1X26""" June 2012 Keyser Marston,and Macias Glut relating to maintaining payments on
&O'Connell LLP enforceable obligations and other activities
as required by AS 1 X26 Merged&
-�--I Southeast
Coastal 167,416 167,416 Admin 27,903 27,903 27,903 27,903 27,903 27,901 $ 167,416
w $ 167,416 $ 167,416 Admin $ 27,903 $ 27,903 $ 27,903 $ 27,903 $ 27,903 $ 27,901 $ 167,416
1
-� The Preliminary Drag Recognized Obligation Payment Schedule(BOPS)is to be completed by 3/1/2012 by the successor agency,and subsequently be approved by the oversight board before the final RDPS is submitted to the State Controller and Slate Department of Finance by Aprl
d 15,2012.it is not a requirement that the Agreed Upon Procedures Audit be completed before submitting the final Oversight Approved ROPS to the State Controller and Slate Department of Finance.
t "Notwithstanding AS 1 X26,these agreements are included because among other reasons,they are validated by operation of law prior to AB 1X215.
'•'The City's fiscal year runs October 1 through September 30.
""Funding sources from the successor agency:(For fiscal 2011-12 only,references to RPTTF could also mean tax Increment allocated to the Agency prior to February 1,2012.)
RPTTF-Redevelopment Property Tax Trust Fund Bonds-Bond proceeds Other-reserves,rents,Interest earnings,etc
LMIHF-Low and Moderate Income Housing Fund Admin-Successor Agency Administrative Allowance
""'Administrative Cost Allowance ceps are 5%of Form A 6-month totals In 2011-12 and 3%of Form A 6-month totals In 2012-13.The calculation should not factor In pass through payments paid for with RPTTF in Form D.