HomeMy WebLinkAboutAdopt Successor Agency Resolution Nos. 2025-01 and 2025-02 A (2) 2000 Main Street,
o�?,,;pro p, Huntington Beach,CA
�s a 92648
1 City of Huntington Beach
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APPROVED 6-0-1
„in,rv.0•`.°�_ (STRICKLAND—ABSENT)
File#: 24-929 MEETING DATE: 1/21/2025
REQUEST FOR SUCCESOR AGENCY ACTION
SUBMITTED TO: Honorable Chair and Board Members
SUBMITTED BY: Travis Hopkins, Acting Executive Director
PREPARED BY: David Cain, Interim Chief Financial Officer
Subject:
Adopt Successor Agency Resolution Nos. 2025-01 and 2025-02 approving the Recognized
Obligation Payment Schedule (ROPS) and Administrative Budget for the Huntington Beach
Successor Agency for the period of July 1, 2025, through June 30, 2026, in accordance with
Health and Safety Code Section 34177 and related actions
Statement of Issue:The Successor Agency is requested to approve the Recognized Obligation Payment Schedule
(ROPS) and Administrative Budget for the period of July 1, 2025, through June 30, 2026. An
approved ROPS must be submitted to the County of Orange Oversight Board by January 22, 2025,
and then to the Department of Finance (DOF) by February 1, 2025. This is the seventh year that the
Successor Agency is submitting the annual ROPS to the Countywide Oversight Board.
Financial Impact:
The ROPS provides the County Auditor-Controller with the amount of the former Redevelopment
Agency's enforceable obligations for which the Successor Agency anticipates incurring expenditures.
Once approved by DOF, the Successor Agency will be entitled to receive property tax revenue up to
the amount of the DOF-approved enforceable obligations included in the Payment Schedule. The
ROPS requests $10,768,498 in funds to support existing legally required enforceable obligations for
FY 2025/26.
Recommended Action:
A) Adopt Resolution No. 2025-01, "A Resolution of the Successor Agency to the Redevelopment
Agency of the City of Huntington Beach Approving the Recognized Obligation Payment Schedule for
the Period July 1, 2025 - June 30, 2026 ('ROPS 25-26');" and
B) Adopt Resolution No. 2025-02, "A Resolution of the Successor Agency to the Redevelopment
Agency of the City of Huntington Beach Approving the Successor Agency Administrative Budget for
the Period July 1, 2025, through June 30, 2026."
Alternative Action(s):
Do not approve the recommended action(s) and direct staff accordingly.
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Per Health and Safety Code Section 34179(j), the Successor Agency is required to submit the ROPS
to the Countywide Oversight Board and the Department of Finance by February 1st of each year. Per
Health and Safety Code Section 34177 (o)(1), the City would be assessed a $10,000 per-day penalty
for failure to submit the ROPS on a timely basis. Additionally, failure to submit the ROPS within ten
(10) days of the deadline may result in a 25% reduction of the Successor Agency's maximum
administrative cost allowance for the period covered by the delinquent ROPS. Should the Agency fail
to submit the ROPS, expenditures totaling $2,330,100 would need to be covered through alternate
sources of funding in Fiscal Year 2025-26. The Agency would also postpone the receipt of
$8,438,398 in loan funds to be repaid to the City's General Fund and Low and Moderate Income
Housing Asset Fund to the Fiscal Year 2026-27 ROPS or later.
Analysis:
As part of the 2011 Budget Act, as recommended by then Governor Jerry Brown, the Legislature
approved the dissolution of the State's Redevelopment Agencies. After litigation, the California
Supreme Court ruled on the Dissolution Act that all redevelopment agencies in California were
dissolved effective February 1, 2012.
The Dissolution Act, AB 1484, and related legislation describe the procedures to wind down the
affairs of the former redevelopment agencies. These provisions include the continued payment of
recognized enforceable obligations as defined in the law. The ROPS for July 1, 2025, through June
30, 2026, requests payment for enforceable obligations associated with development agreements,
legal services, administrative budget, and other miscellaneous costs.
Of note, the ROPS also includes a request for funds in the amount of$8,438,398 to repay a portion
of monies owed to the City from the former Redevelopment Agency for the purchase of real property
(the "Waterfront Loan") in Fiscal Year 1988-89 in the amount of$22.4M, which was loaned to the
agency at a 10-percent interest rate. Between 1989 and 2011, the former Redevelopment Agency
made payments on various City-Agency loans, with $14.8M of these payments being applied to the
Waterfront loan. This loan had been listed on previous ROPS and denied by the DOF until it was
ultimately approved as an enforceable obligation by the California Superior Court on February 17,
2023. The Department of Finance concurred with the Court's ruling in their letter dated May 19, 2023,
stating the following:
"Waterfront Commercial Master Site Plan. Finance no longer denies this item. In compliance
with the Judgement, the Agreement for the Purchase and Sale of Property(Waterfront Loan)
dated September 19, 1988, between the City and the former Redevelopment Agency of the
City of Huntington Beach is considered an enforceable obligation, and future requests for
funding of supported outstanding amounts will be allowable."
The total amount of the loan as of June 30, 2025, will be $23,076,317, comprised of$13,804,292 in
principal and $9,272,025 in accrued interest calculated in accordance with Health and Safety Code
Section 34191.4(b)(3)
"If the oversight board finds that the loan is an enforceable obligation, any interest on the
remaining principal amount of the loan that was previously unpaid after the original effective
date of the loan shall be recalculated from the date of origination of the loan as approved by
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the redevelopment agency on a quarterly basis, at a simple interest rate of 3 percent. The
recalculated loan shall be repaid to the city, county, or city and county in accordance with a
defined schedule over a reasonable term of years. Moneys repaid shall be applied first to the
principal, and second to the interest."
The $8,438,398 repayment amount requested in the FY 2025/26 ROPS was calculated using the
Department of Finance's Sponsoring Entity Loan Repayment Calculator based on the provisions
outlined in Health and Safety Code Section 34191.4(b)(3)(A), which calculated the maximum
repayment amount authorized per fiscal year. This amount will be recalculated each fiscal year
based on the estimated tax revenue available for repayment of the loan as required by Health and
Safety Code Section 34191.3(b)(3)(A).
The County Oversight Board will review and approve the City's current ROPS during its January 28,
2025 meeting. The City must submit to the State DOF by February 1, 2025. The State DOF will
make its determination by April 15th. The City's ROPS will not be effective until approved by the State
DOF.
Environmental Status:
This action is not subject to the California Environmental Quality Act (CEQA) pursuant to Sections
15060(c)(2) (the activity will not result in a direct or reasonably foreseeable indirect physical change
in the environment) and 15060(c)(3) (the activity is not a project as defined in Section 15378) of the
CEQA Guidelines, California Code of Regulations, Title 14, Chapter 3, because it has no potential for
resulting in physical change to the environment, directly or indirectly.
Strategic Plan Goal:
Goal 2 - Fiscal Stability, Strategy A- Consider new revenue sources and opportunities to support the
City's priority initiatives and projects.
Attachment(s):
1. Resolution No. 2025-01, "A Resolution of the Successor Agency to the Redevelopment
Agency of the City of Huntington Beach Approving the Recognized Obligation Payment
Schedule for the Period July 1, 2025 -June 30, 2026 (`ROPS 25-26')"
2. Resolution No. 2025-02, "A Resolution of the Successor Agency to the Redevelopment
Agency of the City of Huntington Beach Approving the Successor Agency Administrative
Budget for the Period July 1, 2025 Through June 30, 2026"
3. Superior Court of California Ruling dated February 17, 2023
4. Department of Finance Recognized Obligation Payment Schedule Letter dated May 19, 2023
5. Department of Finance Section 3419.1.4(b)(3)(A) Sponsoring Entity Loan Repayment
Calculator
6. Recalculated Waterfront Loan per Health and Safety Code Section 34191.4(b)(3)
7. PowerPoint Presentation
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RESOLUTION NO. 2025-01
A RESOLUTION OF THE SUCCESSOR AGENCY TO THE
REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH
APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE
FOR THE PERIOD JULY 1, 2025 —JUNE 30, 2026 ("ROPS 25-26")
WHEREAS,pursuant to AB xl 26 (as amended by AB 1484,the "Dissolution Act"),the
separate legal entity known as Successor Agency to the Redevelopment Agency of the City of
Huntington Beach("Successor Agency") must prepare "Recognized Obligation Payment
Schedules" ("ROPS")that enumerate the enforceable obligations and expenses of the Successor
Agency for each successive annual fiscal period until the wind down and disposition of assets of
the former Redevelopment Agency of the City of Huntington Beach; and
The Successor Agency staff has prepared a ROPS for the annual fiscal period
commencing on July 1, 2025 and continuing through June 30, 2026 ("ROPS 25-26")which is
attached hereto as Exhibit A; and
After reviewing ROPS 25-26, presented to and recommended for approval by Successor
Agency staff, and after reviewing any written and oral comments from the public relating
thereto,the Successor Agency Board desires to approve the ROPS 25-26; and
All of the prerequisites with respect to the approval of this Resolution have been met.
NOW, THEREFORE, the Successor Agency to the Redevelopment Agency of the City of
Huntington Beach does hereby resolve as follows:
1. The Successor Agency hereby finds and determines that the foregoing recitals are
true and correct.
2. The Successor Agency hereby approves ROPS 25-26 in the form presented to the
Successor Agency and attached hereto as Exhibit A, and hereby determines that such agreements
and obligations constitute "enforceable obligations" and"recognized obligations"for all
purposes under the Dissolution Act.
3. The Successor Agency authorizes and directs the Successor Agency staff to: (i)
take all actions necessary under the Dissolution Act to post ROPS 25-26 on the Successor
Agency website once approved by the Oversight Board to the Successor Agency; (ii)transmit
ROPS 25•-26 to the Auditor-Controller and the County Administrator of the County of Orange
and to the State Controller and the State Department of Finance ("DOF"); and (iii)to do any and
all things and to execute and deliver any and all documents which may be necessary or advisable
in order to effectuate the purposes of this Resolution. In addition,the Successor Agency
authorizes and directs the Successor Agency staff to make such non-substantive revisions to
ROPS 25-26 as may be necessary to submit ROPS 25-26 in any modified form required by DOF,
and ROPS 25-26 as so modified shall thereupon constitute ROPS 25-26 as approved by the
Successor Agency pursuant to this Resolution.
24-15770/364201 1
RESOLUTION NO. 2025-01
4. The Successor Agency authorizes the Executive Director, or designee, to make
such non-substantive changes and amendments to ROPS 25-26 as may be approved by the
Executive Director of the Successor Agency and its legal counsel, ROPS 25-26 as so modified
shall thereupon constitute ROPS 25-26 as approved by the Successor Agency pursuant to this
Resolution.
5. The Successor Agency does not intend,by adoption of this Resolution,to waive
any constitutional, legal and/or equitable rights of the Successor Agency or the City of
Huntington Beach under law and/or in equity by virtue of the adoption of this Resolution and
actions approved and taken pursuant to this Resolution and,therefore, reserves all such rights of
the Successor Agency and the City of Huntington Beach under law and/or in equity.
PASSED AND ADOPTED by the Successor Agency to the Redevelopment Agency of
the City of Huntington Beach at a regular meeting thereof held on the.2/sf-day of January, 2025.
7,stX-
Chairperson
REVIEWED AND APPROVED:
executive Director
APPROVED 0 FORM:
neral Legal Counsel n ,
•
24-15770/364201 2
EXHIBIT A
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
FOR THE PERIOD JULY 1, 2025 THROUGH JUNE 30,2026
("ROPS 25-26")
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Reso No. 2025-01
Exhibit "A"
Recognized Obligation Payment Scehdule (ROPS 25-26) -Summary
Filed for the July 1, 2025 through June 30, 2026 Period
Successor Agency: Huntington Beach
County: Orange
25-26A Total 25-26B Total
Current Period Requested Funding for Enforceable Obligations(ROPS Detail) (July-December) (January-June) ROPS 25-26 Total
A Enforceable Obligations Funded as Follows (B+C+D): $ - $ - $ -
B Bond Proceeds $ - $ - $ -
C Reserve Balance $ - $ - $ -
D Other Funds $ - $ - $ -
E Redevelopment Property Tax Trust Fund (RPTTF) (F+G): $ 4,862,480 $ 5,906,018 $ 10,768,498
F RPTTF $ 4,737,480 $ 5,781,018 $ 10,518,498
G Administrative RPTTF $ 125,000 $ 125,000 $ 250,000
H Current Period Enforceable Obligations(A+E): $ 4,862,480 $ 5,906,018 $ 10,768,498
Certification of Oversight Board Chairman: Signature Title
Pursuant to Section 34177 (o) of the Health and Safety Code, I
hereby certify that the above is a true and accurate Recognized
Obligation Payment Schedule for the above named successor
agency. Signature Title
Huntington Beach Recognized Obligation Payment Schedule CROPS 25-26)-ROPS Detail
July),2026 through June 30,2026
(Report Amounts In Whole Dollars) I
A B C D E F G H I J K L M I N O P O R S T U I V W
Total 26.26A(July-December) 26-DBB(January.-June)
Outstanding Fund Sources Fund Sources
Agreement Agreement Debtor HOPS 25-26 Bond Reserve 25-26A Band Reserve 25-266
Item 6 project Name/Debt Obligation Obligation Type Execution Date Termination Date Payee Deecnotoo)Project Scope Project Area Obligation Retired Total Proceeds Balance Other Funds RPTTF Admin RPTTF Total Proceeds Balance Other Funds RPTTF .Admin RPTTF Total
$ 42959,914 $10,768498 $ - $ - S - $4,737,480 $ 125000 $ 4,662,480 $ - $ - $ - $5,781,018 $ 125,000 $ 5,906,018
3 Merged
Banta Issued On
2002 Tax Allocation or before Bank of New Tax Allocation Bonds Debt
Refunding Bonds 1201/10 8/192002 8/1/2024 York Trust Co. Service Payments - V $ - $ - 5 -
4 Merged
Bonds Issued On
1999 Tax Allocation or before Bank of New Tax Alba0on Bonds Debt
Refunding Bonds 12/31/10 1/12/193g 8/1/2024 York Trust Co. Service Payments - Y $ - $ - $ -
5 Merged _
Ardbage Tax Allocation Bonds arbitrage
2002 Tax Alloation Compliance rebate alcula9on-Federal IRS
Refunding Bonds Fes 11/172010 6/302024 Specialist Compliance - V $ - 5 5 -
6 Merged
Arbitrage Tax Allocation Bonds arbitrage
1999 Tax Allocation Compfonce rebsta csleulation-Federal IRS
Refunding Bonds Fees 11/17/2010 8/302024 Specialist Compliance - Y $ - 5 - 5
a
Merged
2002 Tax Allocation Bank of New Tax Allocation Bonds-Payment
Refunding Bonds Fes 6/192002 8/12024 York Mellon ito Fecal Agent - V $ - _. $ - $
9 Merged
1999 Tax Allocation Bank of New Tax Allocation Border Payment
Refunding Bonds Fees 1/12/1999 8/12024 York Mellon to Fiscal Agent - V $ - _ $ - 5 -
12 Merged
Emerald Cove 2010 Series Bonds Issued On Emerald Cove 2010 Series A
A Lease Revenue or before Leas Revenue Refunding
Refunding Bonds 12/31/10 5/132010 9/1/2021 US Bank Bonds Debt Service Payments - V $ - $ - $
14 Merged
Property Tax Sharing
Agreement Under the
Disposition and Development
Agreement(ODA)for
development of hotel.retail.
restaurant and public parking
structure.The Implementation
of the DDA and the Sixth
CIM Group.LLC impkmentauon Agreement
Strand Hotel and Mixed-Use and Kane were entered into from June
Project Parking& OPNDDN Ballmer and 1999 to November 2008.
Infrastructure Construction 6/1/1999 9/302133 Berk/mien 5,194886 N $ 677.934 677904 _ 5 677.90400 $
15 Property Tax Sharing •
•
Agreement under to
Disposition and
Development Agreement
(ODA)and Sixth
Implementation Agreement for
the strand projects parking
Strand Project Additional OPA/ODN structure authonzed on January
Parking Construction 1/202009 9/30/2033 CIM Group.LLC 20.2009. Merged 444,377 N 5 49.578 49.576 I$ 49.57693 5 -
17 15%affordable housing
requirement pursuant to
Attachment 5 of the Owner
Partidpabon Agreement
approved on October 16,2006.
Of the15%required housing
obligation,5%very4ow income
housing is to be developed by
the Housing AWlonity.The
Developer is required to provide
Pacific Cty-Very Low OP/u0DN 8e remaining 10%on site
Income Unite Construction 10/162006 11262024 Maker Properties Merged - Y $ - - f
21 Owner Participation Agreement
Rent
Different.)Agreement .,,.
approved on May 26 1991,for k"
the development of the twee- 4
story building at the Onearwiew
Promenade.The Third
Abdelmudi Owner Abdelmudi Implementation Amendment
Parodpaton Agreement OPAIDDN Development took effect on November 21,
Rent Differential Agreement Constivcbon 528/1991 12/312017 Company 1gg4 _- Merged - V $ - ' y .. $
29 Property Shanng
Agreement required under the k,I
tome of the Owner P.rNdpaton
Agreement(dated 10/2/2C00)
-and Second Implementation
Agreement(dated 9/172007) v4'.
for the development of the
Huntington Center(Bella Terra). lv
Includes legal requirements to y
enforce obligation.
Bella Terra Parking
Infrastructure Property Tax OPA/DDN Bella Terra S $'GF ."
Sharing Agreement Construction 1022003 9/302025 A0sociabs LLC Merged - V $ - ° `cF"` ;p- 9
30 Agreement approved on sue%'
October 1 2010 for construction N
of a 467 mixed-use unit project. L S,":r?wg
Construction is complete and
financed by property ton
Bella Terra Phase II Bella Ten.Ulbe,allocabone.Includes legal t;
Property Tax Shanng OPA/DDN LLC and Kene requ remenb to mplement r`h
Agreement Construction 10/42010 1/1/tt.1b Banner Berkman 0dgaton. Merged 10,494,364 N $ 1,342,820 1.342.620 t 1,3Q1pp.09
50 Successor Successor Agency ,,tQ
Agency,Kane adminisbatve obligators Iris:.
Enforcement of Sucrossor Babmer Keyser relating to intainirg 7,
Agency dissolution Marston,and payments forceable Merged and '� L.fy'r
Craws Fart P et al obl'gabons and other activities -"
compliance and monibnng as required by AB 1)(26 Southeast
per A 1 X26 and AB 1484 Admin Costs 2/12012 11262040 Coastal 3,750,000 N $ 250,000 125.000 125 ODO;a 1$i,WB.S3)
perAB
84 tna>„
StaWbrily required annual y "t$`f ftf ''
Successor Agency Financial financial statement audt of in y.
Statement Audit Dissolution Audits 11/42013 8/12025 Dams Fart LLP Successor Agency Merged 10000 N $ 10,000 10.030 4
79 t+ +L &eqt
City/County Loan Legally Binding Opeatve ,
(Pnor Agreement Pnrldpal Amount- A' Y�Ex b I":
0628/11).Propert City of Huntington 91740834.Interest Rates 3%, tyy, C` ;" $
Land Sale Emerald Cove Y transaction 5/182009 10,1/2030 Beach Debt Incurred on May 18.2009 Merged - V $ - . +t j,t '1
119 k. '1 6 ,,�,�.;,
CM/County Loan
(Pnor F �sM '( Y;`
Waterfront Commercial 0628/11),Propert City of Huntngton Acquisron of Waterfront A
Master Sib Plan y 0anaac9on 9/19/1988 6/302040 Beach Property Merged 23.076.317 N $ 8,436 4 398 4.003.003 v 4,438.398 $ 4,438,396
Successor Agency
Res. No. 2025-01
STATE OF CALIFORNIA
COUNTY OF ORANGE .) ss:
CITY OF HUNTINGTON BEACH )
I, LISA LANE BARNES the Clerk of the Successor Agency to the
former City of Huntington Beach Redevelopment Agency, Huntington Beach,
California, DO HEREBY CERTIFY that the foregoing resolution was duly adopted
by The Successor Agency to the Redevelopment Agency of the City of Huntington
Beach at a special meeting held on January 21, 2025 and that is was so adopted
by the following vote:
AYES: Board Members: Twining, Kennedy, Burns, Van Der Mark,
McKeon, Williams
NOES: Board Members: None
ABSENT: Board Members: Strickland
ABSTAIN: Board Members: None
it/i:ititt416AYam, - .�
Clerk of The Successor Agency to
the Redevelopment Agency of the
City of Huntington Beach, California
RESOLUTION NO. 2025-02
A . RESOLUTION OF THE SUCCESSOR AGENCY TO THE
REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON'BEACH
APPROVING THE SUCCESSOR AGENCY ADMINISTRATIVE BUDGET
FOR THE PERIOD JULY 1, 2025 THROUGH JUNE 30,2026
WHEREAS, California Health and Safety Code section 34177(j) requires that the
Successor Agency to the Redevelopment Agency of the City of Huntington Beach ("Successor
Agency") prepare an administrative budget for each annual fiscal period; and
A draft administrative budget for the fiscal period of July 1, 2025 through June 30, 2026
("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 annual fiscal period; and
All of the prerequisites with respect to the approval of this Resolution have been met.
NOW, THEREFORE,the Successor Agency to the Redevelopment Agency of the City of
Huntington Beach does hereby resolve as follows:
1. The Successor Agency hereby finds and determines that the foregoing recitals are
true and correct.
2. The Administrative Budget attached hereto as Exhibit A is hereby approved.
3. The Successor Agency staff is directed to: (i) provide the required cost estimates
for expenses to the County Auditor-Controller; and (ii) to do any and all things and to execute
and deliver any and all documents which may be necessary or advisable in order to effectuate the
purposes of this Resolution.
4. The Successor Agency does not intend, by adoption of this Resolution, to waive
any constitutional, legal and/or equitable rights of the Successor Agency or the City of
Huntington Beach under law and/or in equity by virtue of the adoption of this Resolution and
actions approved and taken pursuant to this Resolution and, therefore, reserves all such rights of
the Successor Agency and the City of Huntington Beach under law and/or in equity.
24-15770/364202 1
RESOLUTION NO. 2025-02
PASSED AND ADOPTED by the Successor Agency to the Redevelopment Agency of
the City of Huntington Beach at a regular meeting thereof held on the o/ day of January, 2025.
r/X4-"Ideet.,,,, 943
Chairperson
REVIEWED AND APPROVED:
xecutive Direct r
APPROVED TO FORM:
eneral Legal Counsel is...A_
24-15770/364202 2
RESOLUTION NO. 2025-02
EXHIBIT A
ADMINISTRATIVE BUDGET FOR THE PERIOD
JULY 1, 2025 THROUGH JUNE 30, 2026
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24-15770/364202 3
•
Reso No. 2025-02
Exhibit"A"
•
•
•
•
•
City of Huntington Beach
FY 2025/26
Administrative Allowance Budget •
Fiscal Year . %of Time
' 2025/2026 'Successor SA Spent on SA
. Costs Hourly Rate Agency Hours Administration Issues
Direct Personnel Costs Department-_ .
City Manager/Executive Director City Manager $ 465,114 $ 223.61 . 21 $ 4,651 1.00%
Assistant City Manager City Manager 428,777 206.14 21 4,288 1.00%
City Council/Successor Agency Board Members City Council 94,760 45.56 4 190 0.20%
City Clerk/Board Clerk City Clerk 228,099 109.66 4 456 0.20%
Assistant City Clerk City Clerk . 147,828 71.07 4 296 0.20%
City Attorney : -City Attorney, 453,999 218.27 20 4,365 0.96%
Chief Assistant City Attorney City Attorney 326,838 157.13 20 3,143 0.96%
City Treasurer'. . - Finance 184,874 88.88 36 '3,200 1.73%
Chief Financial Officer .. Finance 322,921 155.25 125' ' 19,375 ' 6.00%
Assistant Chief Financial Officer Finance ' 269,565. 129.60 30 3,888 1.44%
Finance Manager Treasury Finance 189,009" 90.87 60 5,452 2.88%
Finance Manager-Accounting Finance 213,823- 102.80- 120 12,336 5.77%
Principal Finance Analyst Finance 184,609 88.75 144 12,781 6.92%
Senior Accountant Finance 143,882 69.17 120 8,301 5.77%
Accounting Technician Finance 91,382 43.93 21 914 1.00%
Payroll Specialist Finance 125,774 60.47. 120 7,256 5.77%
Community Development Director Community Development 189,152 90.94 104 9,458 5.00%
Deputy Director of Community Development Community Development 274,559 132.00 146 19,219 7.00%
Economic Development Project Manager '-Economic Development 174,184 83.74 120 10,049 5.77%
Total Direct Personnel Costs 129,617
Indirect Costs(applied at.5%of total cost)
General Liability Insurance 14,558,195 72,791
Workers Compensation Insurance 11,868,717 •• 59,344
Facilities Maintenance and Utilities - 10,052,709 50,264
Computer Maintenance 4,230,465 21,152
' General and Office Supplies 3,315,760 16,579
Legal-City Attorney 4,252,769 21,264
Human Resources . 2,864,232 14,321
Information Services 8,450,864 27,122
Total Indirect Cost 282,837
Total Successor Agency Admin Allowance Cost $ 412,453.
Total Successor Agency FY 2024/25 Proposed Admin Budget $ 250,000
.
Successor Agency
Res. No. 2025-02
STATE OF CALIFORNIA
COUNTY OF ORANGE ) ss:
CITY OF HUNTINGTON BEACH )
I, LISA LANE BARNES the Clerk of the Successor Agency to the
former City of Huntington Beach Redevelopment Agency, Huntington Beach,
California, DO HEREBY CERTIFY that the foregoing resolution was duly adopted
by The Successor Agency to the Redevelopment Agency of the City of Huntington
Beach at a special meeting held on January 21, 2025 and that is was so adopted
by the following vote:
AYES: Board Members: Twining, Kennedy, Burns, Van Der Mark,
McKeon, Williams
NOES: Board Members: None
ABSENT: Board Members: Strickland
ABSTAIN: Board Members: None
111414.016 AVIAr -
Clerk of The Successor Agency to
the Redevelopment Agency of the
City of Huntington Beach, California
•
SUPERIOR COURT OF CALIFORNIA
•
• COUNTY OF SACRAMENTO
HRG DATE/TIME February 17, 2023/2:00 P.M. DEPT. NO. 32
JUDGE James P.Arguelles CLERK Ward
•
City of Huntington Beach, a California charter city, et Case No.: 34-2018-80002876
al.,
Petitioners/Plaintiffs, •
•
V.
Edmund G. Brown,Jr., individually and in his official
capacity as Governor of the State of California,et al.,
•
•
Respondents/Defendants.
Nature of Proceedings: Amended Petition for Writ of Mandamus; Motion to Strike—
Combined Final Ruling
The petition after remand is GRANTED, and a writ of mandate shall issue directing Respondent
Department of Finance (DOF)to treat the Waterfront Loan on Petitioner City of Huntington
Beach as Successor Agency's (Successor Agency)Recognized Obligation Payment Schedule
CROPS)for the period July 2017 through July 2018 as an enforceable obligation.
The motion to strike is GRANTED. .
Petitioners'request for judicial notice is unopposed and GRANTED.
The documentation attached by exhibit to Petitioners' reply brief is stricken as Respondent has
not had the opportunity to respond.
introduction
On May 25, 2022,the Court entered a judgment in this case granting in part and denying in part
the First"Amended Petition and Complaint (Petition) of petitioners City of Huntington Beach
(City),the Successor Agency to the Dissolved Huntington Beach Redevelopment Agency
(Former RDA), and the City of Huntington Beach Housing Authority(collectively"Petitioners").
Pursuant to the judgment,the Court issued a writ of mandate commanding DOF, among other
Page 1 of 8
467
things,to reconsider whether the so-called Waterfront Loan Agreement ("Waterfront Loan"or
"Agreement") between the City and the Former RDA constituted an "enforceable obligation"
pursuant to the Dissolution Law in the Health and Safety Code.' DOF had determined that the
Waterfront Loan was not an enforceable obligation, but the Court rejected DOF's rationale.
The Court remanded for DOF to decide whether the Waterfront Loan contained a genuine
obligation "to pay,"which is required for it to qualify as an enforceable loan agreement.
On remand, Petitioners tendered new documentation in an attempt demonstrate that the
. Waterfront Loan was an enforceable loan agreement. DOF once again determined that the
Waterfront Loan was not enforceable. •
Petitioners now ask the Court to issue a further writ of mandate directing DOF to treat the •
Waterfront Loan as an enforceable obligation supporting the allocation of tax revenues. DOF
,.opposes. In addition, DOF moves for an order striking from the administrative record on
remand certain financial records that Petitioners have provided to the Court but failed to
provide to DOF below.
Factual and Procedural Background
•
As previously detailed in the Court's April 21,2022 final merits ruling,the Waterfront Loan is
memorialized in a written agreement between the City and the Former RDA. This document,
executed in 1988,describes the C1ty's sale of real property to the Former RDA for a price of
$22.4 million. The property.is located within the"Main-Pier Project Area," and the transfer was •
• made to facilitate development within this area. The City deeded the property to the Former
RDA in 1989. Subject to the City granting an extension,the Former RDA was required to repay
the loan in 1988. The written agreement provides:
This Agreement constitutes an indebtedness of the [Former RDA] incurred in carrying
out the Project and a pledging of the tax allocations from the project to repay such
indebtedness ... provided, however,that such pledge of tax.allocations shall always be
subordinate and subject to the right of the [Former RDA] to pledge or commit tax
allocations from the Project to repay bonds Or other indebtedness incurred by the
[Former RDA] in carrying out the Project.
In 1988,the City granted the Former RDA an extension of undefined duration, and the
extension triggered a 10-percent interest rate.
Underthe Dissolution Law,the Successor Agency received a finding of completion in May 2014.
In 2017,the Successor Agency's oversight board issued resolutions finding that the Waterfront •
1 In its final merits ruling dated April 21,2022,the Court examined the Dissolution Law in some detail.
For the sake of brevity,the Court does not reprint that examination here and instead incorporates its •
April 21,2022 final merits ruling by reference.
Page 2 of 8
468
Loan had been made for legitimate redevelopment purposes, and that the loan was an
enforceable obligation. The Successor Agency then tendered its ROPS 17-18. The Successor
Agency provided DOF with financial records showing that between 1989 and 2011,the Former
RDA made payments on various City loans,and that$14.78 million of these payments were the
Waterfront Loan's pro rata share. DOF objected to the Waterfront Loan. After meeting and
conferring with the City, DOF formally disapproved the Waterfront Loan.
Petitioners then filed this action and sought, among other things,a writ of mandate directing •
DOF to treat the Waterfront Loan as an enforceable obligation. As noted above,the Court
remanded for DOF to decide whether the Waterfront Loan contained a genuine obligation to
pay. (See Health &Safety Code §34191.4,subd. (b)(2)(B) [enforceable loan agreements include
transfers of real property interests from a sponsor entity to a redevelopment agency provided
that redevelopment agency was"obligated to pay...for the real property interest"].)2
On May 25, 2022,the City provided DOF with additional documentation in an attempt to
demonstrate that the Waterfront Loan had to be repaid by a date certain. On August 24, 2022,
DOF determined once again that the Waterfront Loan was not an enforceable obligation. DOF
proffered three grounds for the determination: 1)the Agreement is unenforceable because it
allows the Former RDA to make payments in perpetuity, if at all, and thus does not create an
actual obligation to pay; 2)the City's additional documentation does not contain the sort of
evidence that the Court indicated was relevant;and 3) although legislation post-dating the
Waterfront Loan imposed deadlines for redevelopment agencies to pay on debt and make final
payments,the legislation does not affect the Former RDA's contractual right to limit or avoid
repayment. (See Exh.A to DOF's Return to Writ of Mandate, p. 2.)
This proceeding for a further writ of mandate followed. •
•
Standards of Review
The Court reviews DOF's treatment of items on a ROPS pursuant to Code of Civil Procedure
Section 1085. "'A traditional writ of mandate under Code of Civil Procedure section 1085 is a
method for compelling a public entity to perform a legal and usually ministerial duty. " (Vallejo
Police Officers Assn. v. City of Vallejo(2017) 15 Cal.App.5th 601,611.)
Ordinary mandate is used to review an adjudicatory decision when an agency is not
required to hold an evidentiary hearing. [Citation.] The scope of review is limited,out
of deference to the agency's authority and presumed expertise: "The court may not
reweigh the evidence or.substitute its judgment for that of the agency. [Citation.] . . .
'A court will uphold the agency action unless the action is arbitrary, capricious, or
• lacking in evidentiary support.'"
•
Z.Undesignated statutory references shall be to the Health and Safety Code.
Page 3 of 8
469
•
(Stone v. Regents of Univ. of Calif. (1999) 77 Cal.App.4th 736, 745.) While the court accords
"weak deference"to an agency's statutory interpretation of its governing statutes"where its
expertise gives it superior qualifications to do so,"the issue is ultimately subject to de novo
review. (City of Brentwod v. Campbell(2015) 237 Cal.App.4th 488, 500.)
Discussion
The Motion to Strike
The supplemental administrative record that Petitioner lodged in this proceeding after remand
includes the Former RDA's financial statements for 1988 and 1989. (Supp.AR 62-84;89-116.)
Petitioners did not tender these documents for DOF's consideration before DOF it issued its
August 24,2022 decision. (See Exh. B to Ferrari Deci., 1 4.) Accordingly, DOF moves the Court
to strike these statements from the supplemental administrative record. •
In their reply brief on the merits, Petitioners argue, not that they provided DOF with the
disputed documents, but that the documents simply convey information that Petitioners had
previously submitted to DOF, i.e., before the Court remanded for further proceedings on the.
Waterfront Loan. The administrative record before the Court when it issued its April 21, 2022
merits ruling,which presumably includes the documents that Petitioners submitted to DOF
originally, is no longer in the Court's possession.
The Court declines to consider extra-record evidence that was not presented to DOF. (See
Golden Drugs Co., Inc v. Maxwell-Jolly(2009) 179 Cal.4th 1455, 1468-70.) DOF's motion to
strike Exhibits 3 and 5 from the supplemental administrative record is granted.
In any event, and consistent with the analysis below, even if the Court were to consider the
financial statements in question, it would not alter the outcome. Petitioners tender the •
financial statements to establish that the Former RDA lacked sufficient tax revenue to pay the
$22.4 million debt in 1988, and that the City effectively granted the Former RDA an extension
to repay the loan. The Court, however, determined in its April 21, 2022 ruling that the Former
RDA had received an extension. Therefore, neither the extension nor the need for it are
currently at issue.
The Enforceability of Waterfront Loan
•
The principal question before the Court is whether, notwithstanding that the Agreement
contains no repayment deadline and subordinates the Former RDA's pledge of Main-Pier
Project tax revenues to repayment of other debts supporting the Main-Pier Project,the
Agreement nonetheless obligated the Former RDA"to pay" pursuant to Section 34191.4,
subdivision (b)(2)(B). In its April 21, 2022 merits ruling,the Court expressed the view that the
existence of a genuine obligation to pay turned in part on whether the Agreement allowed for
payments into perpetuity. In turn,the Court indicated that whether the Agreement allowed for
perpetual payments depended on the ratio between Main-Pier Project•tax allocations and other
Page 4 of 8
•
470
Main-Pier Project indebtedness. The Court tendered this ratio on the theory that, even though
the Agreement does not express a repayment deadline, perhaps if the parties understood how
much tax increment revenue would remain available to the Former RDA periodically after it
paid its other project debts,they could have reached a tacit understanding about the likely
deadline on repayment. The Court agrees with DOF that the documents submitted for DOF's
consideration on remand do not provide any insight into this ratio. Nor do the documents
establish that the Agreement requires the Former RDA to repay the loan in any amount at any
time.
Based on its further review of the express terms of the Dissolution Law, however,the Court
concludes that the Legislature intended for the Agreement to qualify as an enforceable loan for
the transfer of real property.
"'The fundamental objective of statutory interpretation is to determine the Legislature's
intent.'" (City of Oakland v. Department of Finance (2022) Cal.App.5th 79 431,443-444.) The
Court begins with the statutory text,which is the best indicator of legislative intent. (See San
Diegans for Open Gov't v. Public Facilities Financing Auth. of City of San Diego (2019)8 Cal.5th
733,740.) The Court considers a provision of a statute within the context of the statute and the
statutory scheme of which it is a part. (See City of Petaluma v. Cohen (2015) 238 Cal.App.4th
1430, 1440.) If the text is clear,then there is nothing to construe, and the Court's inquiry ends.
(See Lopez v.Sony Electronics, Inc. (2018) 5 Cal.5th 627, 634.) If the text is ambiguous,then the
Court consults a variety of extrinsic aids, including"the ostensible objects to be achieved,the
evils to be remedied,the legislative history, [and] public policy[.]" (Bitner v. Department of
Corrections& Rehab. (2023) 87 Cal.App.5th 1048, 1058.) •
Section 34191.4,subdivision (b)(2)(B) predicates an enforceable loan for real property upon the
redevelopment agency's obligation to pay. Because the Dissolution Law does not define the
terms"obligate" or"to pay,"the Court applies commonly understood meanings. The word
"obligate" means"[t]o bind by legal or moral duty." (See Black's Law.Dict. (7th ed. 1999) p.
1101, col. 2.) The verb "to pay" means to give in return for'goods or services, or to discharge a
debt. (See Webster's 3d New Internat. Dict. (1986) p. 1659.)
The Agreement contains terms consistent with these definitions. It identifies$22.4 million as
the price for the real property, as well as a 10-percent annual interest rate if not paid in 1988.
In addition,the Agreement contains the Former RDA's pledge of project tax allocations to repay
the loan. The Redevelopment Law contemplated pledges of this kind. (See§ 33671
[authorizing redevelopment agencies to pledge of tax.increment funds to repay loans];see also
§33671.5 ["Whenever any redevelopment agency is authorized to, and does, expressly pledge
taxes allocated ...to secure, directly or indirectly,the obligations of the agency...then that
pledge... shall have priority over any other claim to those taxes not secured by a prior express
pledge of those taxes"].)
Both DOf and the Court have expressed concern about the subordination provisions attached
to the Former RDA's pledge in the Agreement. The pledge was made "always ... subordinate
Page 5 of 8
471
•
and subject to the right of the [Former RDA]to pledge or commit tax allocations from the
Project to repay bonds or other indebtedness incurred by the [Former RDA] in carrying out the
Project." Coupled with the lack of any schedule requiring payment of specific sums at specific
points in time,this qualifying language raises the prospect that the Former RDA could simply
pay de miminis amounts, or pay nothing at all, into perpetuity. Several things temper concerns •
that the Agreement contains an insufficient payment obligation.
• First, as the Court pointed out in its April 21, 2022 merits ruling,the implied covenant of good
faith and fair dealing prevented the Former RDA from incurring additional debt on the Main-
Pier Project solely to avoid paying down the Waterfront Loan. Hence,the Former RDA did not
have unbridled discretion to ignore its payment obligation and associated pledge of tax
increment under the Agreement.
Second, section 34191.4, subdivision (b) accounts for loans with large amounts of accumulated
interest as well as loans lacking reasonable repayment deadlines. Subdivision (b)(3) reads, in
relevant part:
If the oversight board finds that the loan is an enforceable obligation, any interest on the
remaining principal amount of the loan that was previously unpaid after the original
effective date of the loan shall be recalculated from the date of origination of the loan as
approved by the redevelopment agency on a quarterly basis,at a simple interest rate of 3
percent. The recalculated loan shall be repaid to the city... in accordance with a defined
schedule over a reasonable term of years. Moneys repaid shall be applied first to the
principal, and second to the interest.
If the Legislature had meant to exclude as unenforceable loans lopsided by unpaid interest,or
loans without reasonable payment deadlines,then it would not have provided for the
recalculation of interest or the imposition of a reasonable deadline.
Third,the obligation to pay in section 34191.4,subdivision (b)(2)B)stands in contrast with
requirements for other enforceable obligations under the Dissolution Law. Subdivision(b)(2)(A)
of the same section defines loan agreements not involving transfers of interests in real
property. These loans must include an obligation to pay"pursuant to a required repayment
schedule." Although the statute does not define the term "repayment schedule" as used in this
subdivision,is clearly denotes specified sums owed at specified points in time. (Cf. § 34171,
subd. (h) ("Recognized Obligation Payment Schedule" means a documents setting forth
minimum payments and corresponding due dates].) The omission of the term "repayment
schedule' in subdivision (b)(2)(13) reflects a legislative decision to treat loans for interests in real
property differently than other loans. And it specifically reflects an intent not to require
payments of particular amounts at particular times as necessary to establish an enforceable
loan for real property.
The definition of enforceable"loans for money" under section 34171,subdivision (d)(1)(B)also
sheds some light. This subdivision is part of the definition of"enforceable obligation"whether
Page 6 of 8 •
•
472
or not the successor agency has obtained a finding of completion. Subdivision(d)(1)(B)extends
enforceable obligations to "[Iloans for money borrowed by the redevelopment 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." (Emphasis added.)3 The Legislature was
aware of this language when it subsequently enacted section 34191.4. (See Fermino v..Fedco,
Inc. (1994)7 Ca1.4th 701, 720.) Mandatory loan terms include the terms of repayment. (See.
City of Grass Valley v. Cohen (2017) 17 Cal.App.5th 567, 583.) Yet,when the Legislature .
enacted section 34191.4, subdivision (b)(2)(B), it did not require a repayment deadline.
"Ordinarily,where the Legislature uses a different word or phrase in one part of a statute than
it does in other sections or in a similar statute concerning a related subject, it must be
presumed that the Legislature intended a different meaning." (Campbell v. Zolin (1995) 33
Cal.App.4th 489,497.)
Instead,section 34191.4,subdivision (b)(2)(B) requires the former redevelopment agency to
possess an obligation "to pay." The Agreement contains the Former RDA's pledge of project tax
increment to pay the$22.4 million purchase price. Although this pledge was made subject to
other project indebtedness, it secured the Former RDA's obligation "to pay." The Court does
not believe that more was required to establish an obligation within the purview of section
34191.4,subdivision (b)(2)(B). As a result,the Agreement contains an obligation to pay,and
DOF should have treated it as an enforceable obligation when the Successor Agency submitted
its ROPS 17-18.
Disposition :
The petition after remand is granted, and a writ of mandate shall issue directing DOF to treat
the Waterfront Loan on the Successor Agency's ROPS 17-18 as an,enforceable obligation: DOF
shall file a return no later than 60 days after the writ issues.
The motion to strike is granted. •
Pursuant to C.R.C. 3.1312, counsel for Petitioners shall serve and then lodge(1)for the Court's
signature an amended judgment to which this ruling is attached as Exhibit A and the April 21,
•
///
3 These provisions do not apply to loans that a sponsor entity made to its redevelopment agency. (See§,
34171,subd.(d)(2).)
Page 7 of 8
473
•
2022 ruling is attached as Exhibit B,and (2)for the clerk's signature a writ of mandate.
•
• Unless otherwise ordered, any administrative record,exhibit, deposition, or other original • •
document offered in evidence or otherwise presented at trial,will be returned at the
conclusion of the matter to the custody of the offering party. The custodial party must
maintain the administrative record and all exhibits and other materials in the same condition
as received from the clerk until 60 days after a final judgment or dismissal of the entire case
is entered.
SO ORDERED. '
•
Dated: February 27,2023 • Ar
'� tirmes P.Arguelles
if• = Superior Court Judge
'• —T` County of Sacramento •
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474
1.$.1T rsk
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DEPARTMENT OF Gavin Newsom ■ Governor
r4t,FagN%P
FINANCE
Q 15',Street■.Sacramento CA,•95814;3706 •www.daf.ca.gov:
Transmitted via e-mail
REVISED
May 19, 2023
Sunny Rief, Assistant Chief Financial Officer
City of Huntington Beach
2000 Main Street
Huntington Beach, CA 92648
Subject: 2017-18 Recognized Obligation Payment Schedule
This letter supersedes the California Department of Finance's (Finance) April 10, 2017,
May 17, 2017, November 14, 2017, and August 24, 2022 Recognized Obligation
Payment Schedule (ROPS) determination letters for the period of July 1, 2017 through
June 30, 2018 (ROPS 17-18), with respect to Item Number 88 only.
A revision to the City of Huntington Beach Successor Agency's (Agency) ROPS 17-18
determination letters is necessary to comply with the judgment in the matter of City of
Huntington Beach et al. v. State of California et al. (Case No. 34-2018-80002876)
(Judgment). Pursuant to the February 17, 2023 Judgment, Finance makes the following
determination:
• Item No. 88-Waterfront Commercial Master Site Plan. Finance no longer denies
this item. In compliance with the Judgement, the Agreement for the Purchase
and Sale of Property (Waterfront Loan) dated September 19, 1988 between the
City and the former Redevelopment Agency of the City of Huntington Beach is
considered an enforceable obligation, and future requests for funding of
supported outstanding amounts will be allowable.
All other previous determinations made in Finance's April 10, 2017, May 17, 2017,
November 14, 2017, and August 24, 2022 ROPS 17-18 determination letters stand.
475
Sunny Rief
May 19, 2023
Page 2
Please direct inquiries to Chikako Takagi-Galamba, Manager at (916) 322-2985.
Sincerely,
No\ '110A.,0,) ,
AJENNIFER WHITAKER
Program Budget Manager
cc: Ursula Luna-Reynosa, Director of Community Development, City of Huntington
Beach
Christopher Ranftl, Administrative Manager I, Property Tax Unit, Orange County
Kathy Tavoularis, Countywide Oversight Board Representative
476
Sponsoring Entity Loan Repayment Calculator
} tece + June ; ? r
Base,'1I ;.. , ' 2t113 otal For Bas Year
a�
3 741)�2 9 853,341 g ,ta:4,159iV,
.
Total Residual Balance ,,.�.., �
„n m .,41.i11 RO 4.254 OF'S'.44 2l),i;
duly thru January thru� `Y�
'.December Jung 4
..... p ry�
2024 • � . -2p25 a5 �Oltal wpm adSona•41 >€
9,649,135 i 8 821,251 1 47Q 86
Total Residual Balance '
A Total Residual Balance for Comparison Year
B Total Residual Balance for Base Year 3 2 I 3�59U
A-B Difference of Residual Balance 6�87796
Divide Difference by two ` -
#1(94,l €POYInenit Amount Authorzec(Y F1� 8,438696,
Fiscal Year �a, : .,
Note: This is a tool provided by Finance to assist successor agencies in
determining the maximum repayment amount per authorized fiscal year.
Placing this amount on the ROPS does not automatically guarantee approval
of the repayment amount.
Input fields(amounts from County Auditor-Controller RPTTF
Distribution Report)
.N Formula fields, no input required.
•
•
477
Orange County
• Auditor-Controller
July 2012 to December 2012-ROPS II Successor Agency g '#ir•.'$ Successor Agency Successor Agency Successor Agency Successor Agency Successor Agency
for tc3kfor for for for for
Garden Grove muttitatetwo Irvine La Habra La Palma Lake Forest Mission Viejo
RPTTF Beginning Balance .. # = ____ .._.,-._••�...a, x _.. e......,. ,i:IA':._..:..: .....,-2 iZ..-._...._ ...Z, .ZT•�...._.._.,. .. _.',
Deposits:
Secured Property Tax Increment 9,999,853 6,164,806 3,194,193 1,210,869 1,216,384 2,914,554
Public Utility Property Tax Increment - - - - -
Supplemental Property Tax Increment - - - - - -
Unsecured Property Tax Increment - - - - - -
Miscellaneous Revenues(Bond Debt Increment&Interest) - - - - - -
Deposit totals _8 999A9 fi 164 8f16 3194 193" """ AO p 9 : " 121 38k 2 9i4 554
RPTTF Available Balance ) ,r' --_ 9,999,8$3 :' :6;164,806 .,L. 3,i9$,1@3 M_. .,.1,41(069 , ,.nI1;236380. : : ' 2s10s4
H&S Code 34183 Distributions
Total County Admin Fees 256,920 179,239 66,600 33,917 33,547 - 77,110
Total Pass-Through 3,396,468 1,816,732 638,839 210,506 217,654 - 1,666,258
RPTTF Available for ROPS 6,346,465 4,168,835 2,488,754 966,446 965,183 - 1,171,186
ROPS Enforceable Obligations Payable from Property Taxes 11,567,900 5,580,531 898,596 1,153,265 337,193 701,234 2,126,338
Successor Agency Administrative Cost Allowance(ACA) 347,037 167,416 258,036 175,133 233,735 155,000
Less:Carryover Property Tax Revenue From 7/1/11-1/31/12 after 4/15/12 ROPS 11,911,555 1,369,715 835,055 533,120 1,454,805
Total ROPS and ACA(If negative,then 0) 3,382 4,378,232 321,577 1,328,398 37,808 701,234 826,533
Total Maximum ROPS Distribution 3,382 3,428,586 321,577 • 966,446 37,808 - 826,533
SCO Invoices for Audit and Oversight
H&5 Code 34183 Dist Totals 56_ '_, '7427` _ trtia7"61 -45721. -Iola_ '. _ `S6k9T1
tfOilailiaMta ( ,..a. " .v4;943,q45,.eat.;,..,r- .. . �.a3y167,377 ___' , 431.71.`927,375 `•;', .--.iier:s,n. . . ,iE394,053
Residual Residual Residual Residual
AB1484 True Up of ROPS I
Calculation:
RPTTF Available for 7/1/12 to 12/31/12 ROPS • _ 6,346,465 4,168,835 2,488,754 965,183 1,171,186
Less:7/1/12 to 12/31/12 ROPS Enforceable Obligations Payable from Property Taxes (11,567,900) (5,580,531) (898,596) (337,193) (2,126,338)
Less:Successor Agency Administrative Cost Allowance(ACA) (347,037) (167,416) (258,036) (233,735) (155,000)
Residual Balance from 7/1/12 to 12/31/12 Period (5,568,472) (1,579,112) 1,332,122 394,255 (1,110,152)
Tax Increment Allocated to RDAs from 7/1/11 to 1/31/12 16,272,451 8,889,565 3,312,374 1,683,817 1,632,358 - 4,104,769
Less:ROPS Approved for 1/1/12 to 6/30/12 4,360,896 7,519,850 2,356,439 1,896,840 940,363 1,026,377 1,113,221
Residual Balance from 1/1/12 to 6/30/12 Period 11,911,555 1,369,715 955,935 (213,023) 691,995 (1,026,377) • 2,991,548
Residual Balance from 7/1/12 to 12/31/12 Period (5,568,472) (1,579,112) 1,332,122 394,255 (1,110,152)
Residual Balance from 1/1/12 to 6/30/12 Period 11,911,555 1,369,715 955,935 691,995 2,991,548
Less:Residual Distributed to Affected Taxing Entities in June 2012 (6,343,083) (740,249) (2,167,177) (927,375) (344,653)
Residual Balance Remaining to be Paid to Affected Taxing Entities 5,568,472 629,466 120,880 - 158,875 - 2,648,695
Recognized Ohl
, (Re
Aloulbn Pa1bd:January 2013-Jun 2013
748
County:30.Orarys County
Tub of Formal Redevelopment Agency(ROAD Cumin/Ala Toby ANAHEIM RDA BREA RDA BUENA PMK RDA COSTA MESA ROA CYPRESS RDA FOUNTAIN VALLEY RDA FULLERTON RDA GARDEN GROVE RDA E52311110025USEACHBDA IRVDE RDA
RPTTF Dapoab(Nob that enbr)np IS.deposits by.eurca Is optional):
6e840946 IAnecued Pmporly Tex lrcrsner4(11) 242,159,584 29,157200 18,724558 14,999.584 2354,815 3.871.432 5,425,008 10221,892 14.581,949 9,078.553 3.332539
Supplemental 618dtary Properly Ti - .
Interest Eanturs/Oder -
Pano3y PseassrreNs -
Total Deposits -'"343,150584 ±- .• "'28257,700° 18,724 dSe`': '.:.14p48,694 *. ]651818' "3,4T1,432 5,425,BBB ,'%t,.10,721,892 ';': 14,581,948..•'i 8078,55],„. 5,333,098.=.
RPTTF Distributions(tubule a2 p.ymonb mods punussl to tba6h and 8ahty Code(1168)Election 34153.Nob Oat the folovnig distributions an not necessary bbd In Oa prb00y order required by HIS 341131:
Adm8blrs8No Diatrbulbn.-
Admita988ve Fees W County AudbnC nlm6r 398,T39 38.291 24,447 27,752 12461 . 9,439 12,390 15.939 18.065 13.809 9.658
5B 2557 AdniNc9e0on Fees -
SCO Invoices for Ault and Ovorsig t
Tois0Adiimlretive Distribution ,.—._.,.>"._... 5di9.,.,w ,v ,.'a:Y52$7m _;-, "3AA17 ........,.a•77772 _ tw.w:.,.-:f24C1... " t9d39,-, ..." N )2390!_.._.a .:d09 _19. '-- u113, .. ,. .,.,,,.?'.0.6@a
P.ssthmu8h DNtrbutbta-
CilyPss.evolghPeynents 2,195,007 173,133 23,380 222.084 10.552 132,731 108,335 1213,428 165,956 10,343
County Pe48iNou,h Payment, 5,540,420 .312,876 345,435 238,621 161572 40,230 41,252 118,681 135,512 51.471
Special 0laWclPannllvou9h Payments 7,575,502 517.579 155,454 378,758 385481 43,221 53.852 224152 113.117 135.673
K-12 School Peeaevoigi P.yrrer8s-Tex Portion 3250,9E2 414.406 - 472.234 4,893 147,013 173511 10,901 207,584 155.839
6-12 School Psssltsough Payments-Fac80an P01009 16,322,074 1.561,338 1,35852? 950167 434247 192.509 227.732 1,027,821 418.675 204,067
Cormuiy Cobpe Pes5Bvauph Paynenb-Tex Portion 707,954 72.148 5,871 78,880 1553 30,117 28.481 27.008 46,512 31,674
Connu6y Cob0e Pass0rou0h Payynents-Facilies Portion 3,494,112 236,860 12265 134520 28559 33,288 31,456 40,291 88.414 35.0013
County Office of Education-Tax Portion 80,442 6.7T7 1,330 15,788 330 2093 2,350 2235 2,068 8043
Couny Office of Education-Facades Portion 723.052 77.153 5871 105638 15404 5,022 10.147 25148 16575 34,29)
Education Revenue AugleNaeon Ford(ERAF) _
Tote)Pes0(h505 h0bhi0Jioro :411,B9T-528'. 5,3793E V..�I'� /,901,710': -2803999 ci s' 109Ti61' ` '-' ` w' •450
) : 011514 891454 3 : _1.507,91T '� },208180 ',. bk8A08
Total AdminbinWO and PuaWouBh Dbtrbutbss ':4Y 1382a5 T10910 1,828283. _Y,B31ASt` '. t2 N� 1,OM,610 g725U �169t 488 1,6976t0 '; 1R13,a20.;., t "Er4,904-r
Total RPTTF BAvailablenoa Available to Fund Entoru.Cle Obligation .(EQ.) y... _`s1E0,923,2803,71.;'`.24 .141.W14 '?•; ...e15,7EE;2l1`A. _.,ss,.=)53t7.842 '"'•C•;'2,542.104- -. 0.634492 7,,,,,,<4MW4812.494 a ;5510,8I" +rp.`I.v.3•"'IT,E0SAR5.< 1 a'a7.888 y31.,_«-nd., .„m•.35150:0351
EC Distrbution@ Include..p91590d EOs.Stub a.or Agenely.(SA.)adm5Natr.ibe cost abeam.(ACA),and prior period.dJustm.Na,and excludes On.bova punNmu8h and non-SA edm1Nsin0N.dbbbutbnu)-
Ibr1ACA ROPS RPTTF Rung Regueabd by SA 249,839,547 29,368,04E 18,130,1344 11,643,725 458,33E 2,512,997 1,049,489 14,387,035 14.514,882 11.915,468 18,701,484
ACA Funding Requested by SA 8,572,542 1,069,623 325555 136,850 125,000 70279 185,958 175,000 380,384 304,108 224,500
Leas hone Derded1ReWaelT.d by O098,l0ent of Finance (109,003,738) (8,860,028) (80,0001 (3,165.652) (87,0001 (2,092,1713) (198,981) (9,450,488) (475,119) (5,207.152) (19p31,484)
Less Prior Period My.brerte Per Nee Section 34188(a) (22,909,728) (7,084,601) - (3.510,251) - _ (4.007,162)
M'mm Authorised Ots091Wons(Total ROPE W RPTTF Knout approved by
the 0094141e10 of Finance for NonACA end ACAE0s) 124558824 _ 14453060 18408510 5297265 518338 481100 1018484 064409 14720107 7012392 490.6W
Acluel Dbtrbudbna(tass.0oflh.1WROP0 MRPTTFamo0nt s y� .",, "r"' 3"F' C
oppros.d by IS.D.9.rtmant o)Fnanc.orlW ssb.lam0006 dbtrbubtl : a,• ,s '
tar Non,ACA and ACA E0s) 119082587 - 14453062 18799283 i 929725E ... 518338 491100 1018484 154403 7202366E 112982 ! 484800-i
•- >._,.
Talai OlsWbutbna 7 �°•. .- .,, .. __
.. z,t543n2a_ ,trpblA7D n.rz/,Im? ^.' ��'.ip2able ,_ --:;x4.na '�•f+ t,w724D%�. - s 4wDAr4 � '885A75 :;i4sit.we„r- 4,224,zfi"" .. -"Tirb,6541
680YYi10111bb(Total Da9oalb-Total Dbbbutbn.l p- .af.r,-...w..n0,830,7031'ii'.' •133JC810T,..;. .-; _ ,_F .,6.,,..,, ,I'..7.018848 ,.'-','' 1,»4a14 , .,2;1D3.032 . ia_';_3.854 30 ", ,.e;1B4.122 ,. ,�,,,,,, ._ ..-,. ,.h..,','02.246. _> 2ao1.6s1
R..Wuel Dbirbutbns Pursuant to Has Beef,.34183)a)(41(F)Sures ahsut, O h elude Our affect of .fcu0bp'pursuant to BLS 5.cibn 34188): V V
Cities 111230034 1219,45660 814721.34 276,59040 196,77957 518.99316 1,46757148 127258.60 33545139
Coudbs 5,425,041 769,618.69 418022.57 156,494137 12148437 266.11190 569.353.59 45,53956 166,94552
Spe518101341414 5,514 53 1004,02943 780,877.49 13120143 46245213 287207.69 75728720 83,76226 44013807
6-12800n00 35252.078 5,45464646 325121985 69153112 573,73858 377636030 4,35305754 373,19812 947,456 55
COmluiy Colegea 8,434,480 871,12880 473,46146 193.62926 108,69923 327.60.11 644,699.70 7589343 216278.7
Gately Office of Educelbn 1,642575 229,507.03 245,70170 27)116.91 57,79951 55,95292 13230558 1054255 39,641.49
Totes ERAF(Phase treat out tie ERAF mmulla Into 9e lobe5rg catepwb4
it this iNpmetono randy 0001be05 13221513 1755.64219 1249,64359 35054751 307.64351 601.92793 1.44171655 13354617 317,52950
ERAF-K-12
ERAF-Coimutly Colegea -
ERAF-Count'Offices of Education -
T0W Re.ido61 Dbtrbul89.(Total Ruldoa D 50805080.Mutt Equal Our Total 9 �' •,. " �'""^""'�"', : 3^'+g/£tt'`^T -
fl
RaaMWI0.bnce) d,..,.1.80.748r04= N264,038 ,< 7,678844� a,1.029A78, 2,A2282. ,".•3A34W0= 0.100.122 ,[ 031,043 ,,`� 214t.0111
Total Residual D5Sibibm to K-14 Schools: f 5888074E H,280825 "" "6 W,02T t28f 519 1,34H878. 2TH1811 B5T7 I80 183780 t b20,811H
„J" _ „,98./% 632% J20%� - i7012%. 471IYW1, .. 698% ,':t"•.':70
i
Percentage of Residual OlsWOWorebK-145ehoob
•
479
Recoanle.d Obligation Payment Schuh&(I07S)
ledevebpmed tragedy lea Dud fund 117117)Dhtlbu80e.
No be completed by County Aa51or-Conhalea(CAC.) •
All cote,mud be reported in whole dollop
Repel Type:Acted
Mullion Pedod Jul 1-Dec 31
ROPE Aloudlon Cycle:2021-25A-26
Cmnly.Orange
.-
Successor Agency to Fames Redevelopment Agency
-3v.S; - 3' l4 1,i
NMI .. .pe.2..:plekr ,.:ib bylern ,.0 . , ?'. eCounlywHeT02.307;.,'.a.':AnoNMa-af,. :i',Ired�3103032 -4virw tat+41 ,.,.cadalAe 3,437, CYPreu:l] ".ldup(dR4dM<iila . .fu'. .1'91/+ ,OadMare21,1 2715-`.NuayS`gloti 1MAe.142 aha'n31 %ia4alna.141
3,01
• •'1d6b1 111c �''. ''� 4aN
IfDl Oepode=Entering Oro dapoibbynoucahoPla0ot '•-��'-- ': "' '401.S17,e41 =--"� 41,111,RI1 �-"'-'--'11511,{I1 _-21,4l1.016 -- -�--],421,11i =_ - ---�_---,-- 1.101.1]7 "'�•"''7167],774 '�---' '11.71/.]15 =-1f.W.0]t •d0,11],ii0 - "= 1410,71]'
Secured 8 Unsecured Property Tin Increment try 0 to
Supplemental 8 Unitary Property D 0
Penalty Aueament Revenue 0
011wr-Told Funds Designated for Late Forest Transferred from Orange County 8/39.422
Other B
idol 1111F De�ml6 Numol Bn6i:1:61 - "11111l.111 >.1; 41.111.iN •lzep3AY1 17Al1.016 2.111.17f 0 ...'7.10].B]7 "11 ET]771 '..1,::. Y1.S7f.S16 ...:...1f.]N.D71... IO.IIS.it0 "::2310.]31 :::'2,74.6]2
la 174 4a1Yi ap(7 aY 481E """ 'r'yr'1te",r 17' '. *J-, / µ:" 1f 9i:72 `e: fi 41 9 " m`•. :f."." i "b�' ' 0 ''"17 il 7 - :- 1X4 3 '-1 `:`",l' 32 0t s, ":2S 317 f
T ACdibe' 4P_f....., fdr ._ 45n09 ,He ! n e, _ ,"A rc3,3, !"$" ^b..3,"3S36R'�"`.{"..14 4. 1..,... , "...,'k b. A 1 d,' ._n.._ $i3d# s< _z: '. ... 1 #fit_ ".ew?:( 8.«�A£.? " ' ,., lx F' - !IX. ,a. 4.fi9
C2d O*50)Sane-kclude dlprymenh mode punumtlo NBcane sat h Z f u, : ' Y•
Coda lre Sectors31183.Nobtheh5C34eg'mbuhoaaerotnec cry :, ' '' 1 y'..
bb InIsha prionhhdlefl. eat hY N9C 31181 ''r l Y':- ,'
Ia Adminls6af edddbullMA '�"L= :,.-�,� lv�,, �-.,,» r, __.,. ;..,_ -.��; ,r„ 'Y`t'S�". _�E.� v., j .0 _ .... ,� .S i . ,._,.
11 Adm'uvrlraMe Fees to CAC 337.808 31.975 25.116 21,479 3872 5.549 16.739 16.782 s.19.306 32608 7.082 1.793
12 SB 2557 Administrative Fees 4.392247 453.455 306.619 30297/ 38.280 78.275 193.461 211.890 191938 149.954 19.553 20.341
13 SCO invoices tor Audit and Oversight-Funding should°ay be dlocded for this 0
propose when there k sul&cbht RPOF Io Lay 6md Oro approved enforceable
ebfgofiom on shown on Roe 32
14 Otter 0
Is Fuld Aeuglohdeye00Mbullee,f eltnestl(111' --I%`d"•'. ':•d 411410 311;736 3241t] 42126 0▪ 066 a.. `. /7124 :210 Rao au,]72 "t 11]224 RlM 21117'
16 IOW1uou0h 01Sbbvlione
T
17 City 7.590.761 602349 056.126 573.670 165.806 470.557 482826 488.137 120.358 81.729 26.690
18 County 9.9713.379 886,358 760.472 606.021 111750 278.066 276.500 468.580 832020 45.688 60.116
19 City County-Other D 0 0 e 0 0 0 0 0 0 0
20 Special Ostrich 10719,394 1,362035 873.092 1.053.306 172229 340.036 624330 144.269 2867.962 81.986 179.728
21 0-125chool-Tin Porion 10601.592 1,794.923 1,503875 1,991.768 539.057 1.181.084 49.051 1.260.198 1619.001 191819 74083
22 6-12 School-Pallas Portion 43,703.931 4.918041 1.965349 1008.780 705.879 1.550.522 3.281.749 1,731,162 4.738.969 253.800 99.628
23 R-12 School-Other 0 0 0 0 0 0 0 0 0 0 0
24 Community College-Tan Portion 1849.020 318.935 305.215 344.104 101512 192641 159.819 323.450 684.873 30.796 13.077
25 Community 005e0e-F800Aes Portion 7.454636 699.305 337.376 433.166 119.968 213.140 191.361 404637 754965 34.038 14.453
26 Comma*College-Other 0 0 0 0 0 0 0 0 0 0 0
27 County 050e of Educ0ti0n-Tin 784e5 329.034 29.050 18.424 49.213 5741 12357 9.776 10.129 50.190 1,478 2001
28 County Office of Education-Fac0Jios region 1,870.399 207.034 206.439 263.149 24177 52681 81.073 60.684 211967 19.091 8.512
29 County Once of Educc0en-Other 0
30 Education Revenue Augmenlolon Fund(RAF} 0
31 Other 0
-i"u:;: ,d4294.244 _5.16419t` 111198746 ':-.•',' 21318015_ -'742415 ll'484321.:32 Ma lmdlvwl.b'W r in @as 1] ^. _? 'z: :i 21 St :. 0 t - 8 ..: J16 ':!:, 0 .:�1:953.` 9
33 taint A?Ln101i4'MM'androuN2OYm6'5WAb9[Gnk167d1501,324'x;`•:" i ▪ -"1H372A)AF ..:"':"21102492 rr •",'7.51[.91[ 1,152112. ".--.42141 3;:8p 5.'Fr. d`"12.011,271 f 1"5/1714.b48./(S `.S.•:,,N,..-"1R767344' t,"[.47207D @N ^.•.,if;r4.[!4.1L21 .3'r"r,"772040 6 1 7^^`u:";dddf,102466
x r .__ bbi 1 a4_M _:�_tulEnf«c _ �9>'Ufpd n4 ;` 'aD4#�F�td :.-
. •:,,, 0.4'::
3... e0d _.." .... ....._ -.......-: ,. .._-""-. ... ..',:::+?r.�71W[. :,:.." .....xcglRP4t ','�1�.4Q4Wt s?. aylSe27 "'F•rro 4^`�; 4R�4q; .,, 9 71 .,,_ 3 Prof 7�t2•
�s`e ztxrXMJD PL i L.. t.. ... .Fix 1,,.
35 Rem.Approved UMW 04klbu0en to SA: _"„_.,s. �, ...".4 ,„ z- ., a A, a .... _. .- a ,•
36 Nenadnin Ells 70.319.725 18164261 22500 4.842981 100100 6.705.038 8.101.257 4.830.943 6.337.414 L1214.882 703.614
37 AunAIewarce M 1.186.074 251003 7.750 76.914 0 124.837 125000 125.000 40100 32500 5.000
38 less NOS relied Ad A.0 ydmedrlPPAI(Ender as anegotae number) 23.6621 14004.1291 0 1510291 0 1100.8851 __12344291 19529741 12723451 0.004, 0
39 191e1 9940e92970vo4 97787b401d4$46onts00sal2he43434) 71516117 12116.131 44390 4141.117 -_4 0 /04 ';3721/07 7941:170 ' •'x!![74P 4.166,047: -;:-144071 .701.114
40 CAC Dwmdedron urtl ."ow;:: d, ...f1 "a. _ ._. ."r'r ':�. _ 6 z_ - a'I -�v1.,11"311° 1,3 , , e."'Y . , r .., . - =:�__ ..<- ".._nil' _`�=
41 NomAdmm Ells 72342499 13815.132 22500 4.842.981 100.030 6.705.038 7.941.823 3.995.969 6.155.069 214.682 703.614
42 AchnhAlewmse 241192 0 7.750 18.916 0 23.949 0 0 0 2906 5300
13 51 4den1RR716v3puvary M )tmgfalwif •: (7*SN) ,. .> 0 "0 '0 D _ 4 0 0 9 0 '0: 0 _"0
14reRbkonl2dld[P1&1RA dad b411e`QBdh"dprdodd , '.
pan .:. ,.� ..,
.._. ,.x .: ..f' - ..
41 Pddon Oyerrde/Stat Water
O re90r pursuant
04 S ,fib' »,`i&:. 712851352. _.4 10.Ai[t6t12,�+i0i. '!4:`"1➢.OfA i°`•n1:M1,.4.tLR[lT. a: ""=..i0 ". _ D.<:"`_ ._o,d'T02W0 "1.72[.u7 a`."l..rd°•;.•7.117Al2'" -"d-7�7P185! _' .-•La1P:1N�l °j?'. 14437[ . .. .2224147.
45 34183(4 II)rde/State Water Project Override Revenues purwN to I1SC 2BS.BSB 28x358
34her NI IBJ
M Other
0
47 Other o
.B Taal3taN t41kcc3�Fw4?61.pghia*aag2tz„• '> ...`° `/?14u72f M477.172.. ;.,z4ta,2a9 ::e'13,131 to ;r; "x21,474 � F-_., xOAtk�1 v.,?t322•,.cr, ' 500,44• sPkv�53 [ a^,'..,."'_.3946731. - - 1,44x.pf •<;n !44fi4:
49 IIRF WHbutlembATFe ,2•_-. .v,, „-_ _„ _. ;, •,, "«_>..�" ...,:, „ .1�,r .•"i•',<",.d Y !"2`hi".�.x bE"r�-''_- �. #.., , .1C
50 Cities 22d1B.1BR 1.738.158 4199.899 1.626.736 515871 670A75 1.159,025 1.I74961 1�601383 291.451� •2B1.070 104969
51 Counties 13361.867 1.091824 1.424274 631.091 229.004 270.645 149.652 420.172 557.189 1.171658 89.069 45.649
52 Special Ostrich 21781205 1.301.435 2040.599 1.466.984 294412 412887 552571 779.543 680.546 4131185 127.591 149.9213
53 0-12Schools 100.825.602 7.782575 10.745.687 4292.847 1.284.813 2336.895 3421.880 3.377.501 1,275094 879165E 751.174 331856
54 Community Coieges 16685.131 1.241.675 1.645.883 941.226 368.147 423.106 509,120 589.489 871.162 2028.868 103.839 51.641
55 County Office of Educaton 1,721,960 327.091 883.753 494.216 51.721 70.606 105.532 119.489 124560 371,705 41.890 27.049
56 Mal IRAI-Ileae break ad D6r11A1 Onion*inlalhelabe6$cd5*56e)I'- "_ 3(142471 ` 2564,714 '-4438322 -'-- " 17[e,D11:` `161,061 "'•"" 0 71S1W 1. •�,:1,175.[17 - 1107.823 'i,i1J.701 --4947.394 i.L]tM 'IIIA]2
oad8ebumol Rnas07.59i _ ^",2.: F- ., r o,.
57 ERAF-F-12 0 ... - .
58 ERAF-Comty Colones 0 Community
59 ERAF-County Offices el Education 0
l . 7 ^^,« `,'^ 811245 .... ,.:.` 131.116-,: , -,d'' 4`cr" v.:r`"t ,,e-,1 332, ""?.,.,.� 0 404' 31f 4 S T-fV�,m49'''. 42/ ' 16 410,
60 1 11(T! "1re22.24 44;u4.1pramsns116141,,,rr i7.n+gHwd,- "••-' ,,,1,r M47ts , . l a,}' :., .> 4 „i ...,;.toe. xa[.44* ,. .,. .,._ 'Gf .t4', ,21a :-,�' +..w...... %!L+ x.-'', ., ,... ;'42t -r• a.s,
n1�a e"gvroltdi6Gtl�algrlmuh,at04Waod17rR";B:», •••3, ..,y, ,.;.,,ro" b„'":�-, ,r„�`,.,.a, v .s,; ��'��
61 rodleldud ObMbelombb741ebeablso0cd6ne15256) ""-. d '•`'d"'-if1,411.172 '-;•=`11.151ES1 '>" '17711.535 -10.011777`- '' "'2./41737 '`'"' 0"-":.'. .. ].610.SS7 n '` "6.1711[i -, '2412722 -'4.02012 <'. 14,141.427• '"`11141147 `561.114"
62 Pededagnet[-,145chwkla Reidud66CLu1'9ru-10no61/60F -,."'^'1 r •.:M'".71i ''-_ ••'700 ' ':':16% --_ _.73%`-- - -691L -''101R/W " =„173F . 773'-' - -673 _ '71%" a".7•Q „..' 707 _ 80%
63 Commeek Fomdly dissolved on Per Setlsmsnl Agrmt
01/24/2023 per .von of 11.38M
Countywide Oversight residual should be
Booed Resolution No.23- funded below the
009 judgement anounli the
ROs,
480
boo...01,204.4.PpnvAachbrb Ia0n1 .
▪M9NOPmem Pm2M 153.1 NM 14310 06e15u36m
eo tee....t he County 4.11.{o.o..4.41
AI.r4A.mi�l9.wrnm+nne b...�te nntir 4PMSy669:Select.5
-
Abed...Y m m1-8 30 .
104 Faooallon Cycle:202 4253-27
Coon.:0.05
Ioccesree Agency lo Po..1.e4M0 $44.73y
i R4alpbn - "- ':_-CPudyrae36ed] = lwYwla.33 „�• kra.]34 _Sy4Cb Imt:4]`':- .tlor4o YiiatTf,3. .::.Cypm.w.u.d o lourodrtYbiey.722_3 ii¢95s.223.151
23 GatlanGa14e721. -evrdn06nMoclr.iw:' rq. ._ 7
„« ":P a::. . �- ,�. _ , ,_ -.-: '. •. ,,•,an1n.'+aw, .,...., .yl-mmh,.,4z:='",u- .>a usnaaw.",
✓,734 M...red Prporty .4 men1 en Opt.... ..J]1.Ol9.wv :. w.wl2ll _..u6au0.. ... -u3n.Yl -ALur .. -..-..0 .. .alaalis: a]LLlw
Soanel L...red 7,0743 iea Ycamenl 00 0
SuppbmaWal L UMay Properly n
Port.Aoassment Raven. 0
her-ICC 3410710 POA SA 06n2.41on 51219.83S 3.498596 55731.655
Other o
loll lrill0epor4(urn dines 1.51 -..622 1 .... 5391112 .12 40 - ,a33.457. w 4i a ¢165t6 a3LLxm '2A4Law laau2N - Rnu ....x¢14o01 .. 1610an
iNd.11.4mb6N 6.02.2.5.124 a 411...1.20 0hr 6.6i.', -=-S6aw93413. s:s.'`*'F„ ."w,iRlxn""6 ,6196.S.II,RO ` :I "551525.�9 a':r403¢Yai"x,«..AFb: .-.. • '6,'6.46. .°221(A63,...':".6..-223.3924,..6,16.^4'2244.451 A.,,,,,,,',: .:"1n.451214 ._ _ 125.,5M Z.' ,.".4480011. -.':111.40,396
1TINM6u1'1".....OIPWannlr mMey.ruarU 1W0 aPG 2.3 - < ro'aw' i'"3
Sn41yCMe(6C1Soelbn 31103,3019.34b 30C4214 br0 9ro1 Tfi ,,,
WC9uayblea.lhe club MSerlae9tM o-y lGe]415 , 'x ' - +� i ,
u
13 Aln9mrRm»¢66b9mn3 �. .�.�.,>.,;.«. .Fw,m:- ,,::^�,'>.. ..n,..:�var,,..,• - .. .,. w. _...
11 Artm..61 ePearro CAC 460.233 MAW 16159 15.394 7.647 0 4.356 12462 13274 w145 11.519 115..2 1,009
12 552537 A1m.60 1.Foot
13 SCO Imob2r 3all Gwn FI
04- 1.'9.oM or1yM ob..
Ia a t.pp0a93107 ot.n Ihea h toR lent RPttr to It*NW the...roved
Pnbneo.ob...or thorn on.39
4 other
15 Ie1d..511ro0W 0136E9iDn+T OI WriYfIF'" �'ov,, ,-.-„-410 wr a- - ,- IOYP-: a-Eu6n " -"Ia14 .,,,,.,- 1rt) '0 .;.,.: 12k, - .:`iati� _7x]7i✓ •,,.gre?J`6aH1 Ilm:<2'r E�IL9]An9 <,,n.00a:
16 hmryll00100u0o1a but .,,., m,.-. s .,._,.,-. �._ _-•--,_'-". ..,.- _. .--„ __ �, .,- ,..,... ..<. n«..t^--:^� <-n-.<, ,a._..., -•--.,- i..--.�.,< -nm;.:-,. ,....<. ,..
17 CM - 8.424.331 651,215 92014 761153 170561 523,141 527.612 .8.000 103.539 25,132
13 County 16787012 1.052374 652990 773,666 117.332 107..615 323,53S 3949. 51.402 71,109
I9 C.6.County-Olhet 5 5 0
20 Speclol Oh.. 12725.266 1.706.4 969,509 1.301396 177,925 375..5 747,73S 419.064 105,64 206186
16,892304 1.975,555 1.656.137 2554.214 S56469 1,305.633 55.542 1353,196 241.237 01,431
12 3-12 School-F¢163.PMbn 46.1 ..914 5.161.7. 4.142,S. 3.5310. 729.334 1.715.615 2796.6. 1.764.595 372052 106,696
21 6125ch41-Mat
a 0 0 0 0
24 Cnmw.y C049po-io PM. 3.602904 350.613 310.755 433A79 11214 213.377 174.107 3..213 35.441 4.032
25 Comm.,Cola-fec5lbr PMb 0 n .211531 554676 355.574 551,6. 121960 235,535 215,405 402n6 42456 15.476
26 Commun.Coboo-01. 0 0 0 0 0 0 0
17 Coun.Ohba olF uwlbn-la PMbn 110,343 32237 524es 63.177 5,911 13.711 10,743 10.491 5,617 2145
n County 011ie of PW60lb4-.061116 PMbn 1,976226 149,459 223.743 340,757 - 25,293 Sall) 91.. 59.073 23,947 9,146
19 County ORc4 el....106-Other
30 1l bnM.N.trcW 4wn AlgneNotbn..pail 0
ll OlM
32 to.ressIbre h01t.51105 4416031019117112 ay,:-.n,G ..,,. .:qe 1 !':14596 126431 : 5432157 10091:105::. .......:.. .0,. r-,c:-0, n- •✓it ''.':4 7.40i ,L., •'^4:4762634 -F 442w2 212246 - :0 4.:4ff . E_.%E:.390.551 E"{:::::.!'<:''.636:623'
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•
County Name Orange Agency Name Huntington Beach
OB Action for City Loan ROPS Review Period Residual Calculation Amount
Has the OB
Maximum Repayment
Action for the
What type of ROPS are you ROPS Review Amount Authorized for
City RDA loan Yes Annual 25-26
currently reviewing? Period the FY 21-22 (Positive
been approved
Number)
by Finance?
LOAN REPAYMENT CALCULATION:
Beginning Beginning
Outstanding Interest Ending Outstanding Amount Repaid Amount Repaid
Quarter Principal Loaned Balance Outstanding Rate Interest Accrued Balance (Total) (Principal) (Interest)
(Principal) Balance(Total)
7/1/89 $ 22,400,000 $ 22,400,000 $22,400,000 3% $ 168,000 $ 22,568,000 $ - $ -
10/1/89 $ - $ 22,400,000 $ 22,568,000 3% $ 168,000 $ 22,736,000 $ - $ -
1/1/90 $ - $ 22,400,000 $ 22,736,000 3% $ 168,000 $ 22,904,000 $ - $ 6,672
4/1/90 $ - $ 22,400,000 $22,897,328 3% $ 168,000 $ 23,065,328 $ - $ -
7/1/90 $ - $ 22,400,000 $ 23,065,328 3% $ 168,000 $ 23,233,328 $ - $ -
10/1/90 $ - $ 22,400,000 $ 23,233,328 3% $ 168,000 $ 23,401,328 $ - $ -
1/1/91 $ - $ 22,400,000 $ 23,401,328 3% $ 168,000 $ 23,569,328 $ - $ 11,407
4/1/91 $ - $ 22,400,000 $ 23,557,921 3% $ 168,000 $ 23,725,921 $ - $ -
7/1/91 $ - $ 22,400,000 $ 23,725,921 3% $ 168,000 $ 23,893,921 $ - $ -
10/1/91 $ - $ 22,400,000 $ 23,893,921 3% $ 168,000 $ 24,061,921 $ - $ -
1/1/92 $ - $ 22,400,000 $24,061,921 3% $ 168,000 $ 24,229,921 $ - $ 1,997,921
4/1/92 $ - $ 22,400,000 $ 22,232,000 3% $ 168,000 $ 22,400,000 $ - $ -
7/1/92 $ - $ 22,400,000 $22,400,000 3% $ 168,000 $ 22,568,000 $ - $ -
10/1/92 $ - $ 22,400,000 $ 22,568,000 3% $ 168,000 $ 22,736,000 $ - $ -
1/1/93 $ - $ 22,400,000 $ 22,736,000 3% $ 168,000 $ 22,904,000 $ - $ 181,678
4/1/93 $ - $ 22,400,000 $ 22,722,322 3% $ 168,000 $ 22,890,322 $ - $ -
7/1/93 $ - $ 22,400,000 $ 22,890,322 3% $ 168,000 $ 23,058,322 $ - $ -
10/1/93 $ - $ 22,400,000 $ 23,058,322 3% $ 168,000 $ 23,226,322 $ - $ -
1/1/94 $ - $ 22,400,000 $ 23,226,322 3% $ 168,000 $ 23,394,322 $ - $ 608,831
4/1/94 $ - $ 22,400,000 $ 22,785,491 3% $ 168,000 $ 22,953,491 $ - $ -
7/1/94 $ - $ 22,400,000 $ 22,953,491 3% $ 168,000 $ 23,121,491 $ - $ -
10/1/94 $ - $ 22,400,000 $ 23,121,491 3% $ 168,000 $ 23,289,491 $ - $ -
1/1/95 $ - $ 22,400,000 $ 23,289,491 3% $ 168,000 $ 23,457,491 $ - $ 257,413
4/1/95 $ - $ 22,400,000 $23,200,078 3% $ 168,000 $ 23,368,078 $ - $ -
7/1/95 $ - $ 22,400,000 $ 23,368,078 3% $ 168,000 $ 23,536,078 $ - $ -
10/1/95 $ - $ 22,400,000 $23,536,078 3% $ 168,000 $ 23,704,078 $ - $ -
1/1/96 $ - $ 22,400,000 $ 23,704,078 3% $ 168,000 $ 23,872,078 $ i - $ 1,640,078
4/1/96 $ - $ 22,400,000 $22,232,000 3% $ 168,000 $ 22,400,000 $ - $ -
7/1/96 $ - $ 22,400,000 $22,400,000 3% $ 168,000 $ 22,568,000 $ - $ -
10/1/96 $ - $ 22,400,000 $ 22,568,000 3% $ 168,000 $ 22,736,000 $ - $ -
1/1/97 $ - $ 22,400,000 $ 22,736,000 3% $ 168,000 $ 22,904,000 $ - $ 672,000
4/1/97 $ - $ 22,400,000 $22,232,000 3% $ 168,000 $ 22,400,000 $ - $ -
7/1/97 $ - $ 22,400,000 $ 22,400,000 3% $ 168,000 $ 22,568,000 $ - $ -
10/1/97 $ - $ 22,400,000 $ 22,568,000 3% $ 168,000 $ 22,736,000 $ - $ -
1/1/98 $ - $ 22,400,000 $ 22,736,000 3% $ 168,000 $ 22,904,000 $ - $ 672,000
4/1/98 $ - $ 22,400,000 $ 22,232,000 3% $ 168,000 $ 22,400,000 $ - $ -
7/1/98 $ - $ 22,400,000 $ 22,400,000 3% $ 168,000 $ 22,568,000 $ - $ -
10/1/98 $ - $ 22,400,000 $ 22,568,000 3% $ 168,000 $ 22,736,000 $ - $ -
1/1/99 $ - $ 22,400,000 $ 22,736,000 3% $ 168,000 $ 22,904,000 $ - $ 73,282
4/1/99 $ - $ 22,400,000 $ 22,830,718 3% $ 168,000 $ 22,998,718 $ - $ -
7/1/99 $ - $ 22,400,000 $ 22,998,718 3% $` 168,000 $ 23,166,718 $ - $ -
10/1/99 $ - $ 22,400,000 $ 23,166,718 3% $ 168,000 $ 23,334,718 $ - $
1/1/00 $ - $ 22,400,000 $ 23,334,718 3% $ 168,000 $ 23,502,718 $ - $ 100,213
4/1/00 $ - $ 22,400,000 $ 23,402,505 3% $ 168,000 $ 23,570,505 $ - $ -
7/1/00 $ - $ 22,400,000 $23,570,505 3% $ 168,000 $ 23,738,505 $ - $ -
10/1/00 $ - $ 22,400,000 $23,738,505 3% $ 168,000 $ 23,906,505 $ - $ -
1/1/01 $ - $ 22,400,000 $23,906,505 3% $ 168,000 $ 24,074,505 $ - $ 93,562
4/1/01 $ - $ 22,400,000 $23,980,943 3% $ 168,000 $ 24,148,943 $ - $ -
7/1/01 $ - $ 22,400,000 $ 24,148,943 3% $ 168,000 $ 24,316,943 $ - $ -
10/1/01 $ - $ 22,400,000 $24,316,943 3% $ 168,000 $ 24,484,943 $ - $ -
1/1/02 $ - $ 22,400,000 $24,484,943 3% $ 168,000 $ 24,652,943 $ - $ 248,212
4/1/02 $ - $ 22,400,000 $ 24,404,731 3% $ 168,000 $ 24,572,731 $ - $ -
7/1/02 $ - $ 22,400,000 $24,572,731 3% $ 168,000 $ 24,740,731 $ - $ -
10/1/02 $ - $ 22,400,000 $24,740,731 3% $ 168,000 $ 24,908,731 $ - $ -
1/1/03 $ - $ 22,400,000 $24,908,731 3% $ 168,000 $ 25,076,731 $ - $ 2,844,731
4/1/03 $ - $ 22,400,000 $22,232,000 3% $ 168,000 $ 22,400,000 $ - $ -
7/1/03 $ - $ 22,400,000 $ 22,400,000 3% $ 168,000 $ 22,568,000 $ - $ -
10/1/03 $ - $ 22,400,000 $ 22,568,000 3% $ 168,000 $ 22,736,000 $ - $ -
1/1/04 $ - $ 22,400,000 $22,736,000 3% $ 168,000 $ 22,904,000 $ - $ 672,000
4/1/04 $ - $ 22,400,000 $ 22,232,000 3% $ 168,000 $ 22,400,000 $ - $ -
7/1/04 $ - $ 22,400,000 $ 22,400,000 3% $ 168,000 $ 22,568,000 $ - $ -
10/1/04 $ - $ 22,400,000 $ 22,568,000 3% $ 168,000 $ 22,736,000 $ - $ -
1/1/05 $ - $ 22,400,000 $ 22,736,000 3% $ 168,000 $ 22,904,000 $ - $ 672,000
4/1/05 $ - $ 22,400,000 $ 22,232,000 3% $ 168,000 $ 22,400,000 $ - $ -
7/1/05 $ - $ 22,400,000 $ 22,400,000 3% $ 168,000 $ 22,568,000 $ - $ -
10/1/05 $ 22,400,000 $ 22,568,000 3% $ 168,000 $ 22,736,000 $ - $ -
1/1/06 $ - $ 22,400,000 $ 22,736,000 3% $ 168,000 $ 22,904,000 $ - $ 672,000
4/1/06 $ - $ 22,400,000 $22,232,000 3% $ 168,000 $ 22,400,000 $ - $ -
7/1/06 $ - $ 22,400,000 $ 22,400,000 3% $ 168,000 $ 22,568,000 $ - $ -
10/1/06 $ - $ 22,400,000 $ 22,568,000 3% $ 168,000 $ 22,736,000 $ - $ -
1/1/07 $ - $ 22,400,000 $ 22,736,000 3% $ 168,000 $ 22,904,000 $ - $ 672,000
4/1/07 $ - $ 22,400,000 $ 22,232,000 3% $ 168,000 $ 22,400,000 $ 482$
7/1/07 $ - $ 22,400,000 $ 22,400,000 3% $ 168,000 $ 22,568,000 $ - $ -
10/1/07 $ - $ 22,400,000 $ 22,568,000 3% $ 168,000 $ 22,736,000 $ - $ -
1/1/08 $ - $ 22,400,000 $ 22,736,000 3% $ 168,000 $ 22,904,000 $ - $ 672,000
4/1/08 $ - $ 22,400,000 $ 22,232,000 3% $ 168,000 $ 22,400,000 $ - $ -
7/1/08 $ - $ 22,400,000 $ 22,400,000 3% $ 168,000 $ 22,568,000 $ - $ -
10/1/08 $ - $ 22,400,000 $22,568,000 3% $ 168,000 $ 22,736,000 $ - $ -
1/1/09 $ - $ 22,400,000 $ 22,736,000 3% $ 168,000 $ 22,904,000 $ - $ 672,000
4/1/09 $ - $ 22,400,000 $ 22,232,000 3% $ 168,000 $ 22,400,000 $ - $ -
7/1/09 $ - $ 22,400,000 $ 22,400,000 3% $ 168,000 $ 22,568,000 $ - $ -
10/1/09 $ - $ 22,400,000 $22,568,000 3% $ 168,000 $ 22,736,000 $ - $ -
1/1/10 $ - $ 22,400,000 $ 22,736,000 3% $ 168,000 $ 22,904,000 $ - $ 672,000
4/1/10 $ - $ 22,400,000 $ 22,232,000 3% $ 168,000 $ 22,400,000 $ - $ -
7/1/10 $ - $ 22,400,000 $ 22,400,000 3% $ 168,000 $ 22,568,000 $ - $ -
10/1/10 $ - $ 22,400,000 $ 22,568,000 3% $ 168,000 $ 22,736,000 $ - $ -
1/1/11 $ - $ 22,400,000 $ 22,736,000 3% $ 168,000 $ 22,904,000 $ - $ 672,000
4/1/11 $ - $ 22,400,000 $ 22,232,000 3% $ 168,000 $ 22,400,000 $ - $ -
7/1/11 $ - $ 22,400,000 $ 22,400,000 3% $ 168,000 $ 22,568,000 $ - $ -
10/1/11 $ - $ 22,400,000 $22,568,000 3% $ 168,000 $ 22,736,000 $ - $ -
1/1/12 $ - $ 22,400,000 $22,736,000 3% $ 168,000 $ 22,904,000 $ - $ -
4/1/12 $ - $ 22,400,000 $ 22,904,000 3% $ 168,000 $ 23,072,000 $ - $ -
7/1/12 $ - $ 22,400,000 $ 23,072,000 3% $ 168,000 $ 23,240,000 $ - $ -
10/1/12 $ - $ 22,400,000 $23,240,000 3% $ 168,000 $ 23,408,000 $ - $ -
1/1/13 $ - $ 22,400,000 $ 23,408,000 3% $ 168,000 $ 23,576,000 $ - $ -
4/1/13 $ - $ 22,400,000 $ 23,576,000 3% $ 168,000 $ 23,744,000 $ - $ -
7/1/13 $ - $ 22,400,000 $ 23,744,000 3% $ 168,000 $ 23,912,000 $ - $ -
10/1/13 $ - $ 22,400,000 $ 23,912,000 3% $ 168,000 $ 24,080,000 $ - $ -
1/1/14 $ - $ 22,400,000 $24,080,000 3% $ 168,000 $ 24,248,000 $ - $ -
4/1/14 $ - $ 22,400,000 $ 24,248,000 3% $ 168,000 $ 24,416,000 $ - $
7/1/14 $ - $ 22,400,000 $ 24,416,000 3% $ 168,000 $ 24,584,000 $ - $ -
10/1/14 $ - $ 22,400,000 $24,584,000 3% $ 168,000 $ 24,752,000 $ - $ -
1/1/15 $ - $ 22,400,000 $ 24,752,000 3% $ 168,000 $ 24,920,000 $ - $ -
4/1/15 $ - $ 22,400,000 $ 24,920,000 3% $ 168,000 $ 25,088,000 $ - $ -
7/1/15 $ - $ 22,400,000 $ 25,088,000 3% $ 168,000 $ 25,256,000 $ - $ -
10/1/15 $ - $ 22,400,000 $ 25,256,000 3% $ 168,000 $ 25,424,000 $ - $ -
1/1/16 $ - $ 22,400,000 $ 25,424,000 3% $ 168,000 $ 25,592,000 $ - $ -
4/1/16 $ - $ 22,400,000 $ 25,592,000 3% $ 168,000 $ 25,760,000 $ - $ -
7/1/16 $ - $ 22,400,000 $ 25,760,000 3% $, 168,000 $ 25,928,000 $ - $ -
10/1/16 $ - $ 22,400,000 $ 25,928,000 3% $ 168,000 $ 26,096,000 $ - $ -
1/1/17 $ - $ 22,400,000 $ 26,096,000 3% $ 168,000 $ 26,264,000 $ - $ -
4/1/17 $ - $ 22,400,000 $ 26,264,000 3% $ 168,000 $ 26,432,000 $ - $ -
7/1/17 $ - $ 22,400,000 $ 26,432,000 3% $ 168,000 $ 26,600,000 $ - $ -
10/1/17 $ - $ 22,400,000 $ 26,600,000 3% $ 168,000 $ 26,768,000 $ - $ -
1/1/18 $ - $ 22,400,000 $ 26,768,000 3% $ 168,000 $ 26,936,000 $ - $ -
4/1/18 $ - $ 22,400,000 $ 26,936,000 3% $ 168,000 $ 27,104,000 $ - $ -
7/1/18 $ - $ 22,400,000 $ 27,104,000 3% $ 168,000 $ 27,272,000 $ - $ -
10/1/18 $ - $ 22,400,000 $ 27,272,000 3% $ 168,000 $ 27,440,000 $ - $ -
1/1/19 $ - $ 22,400,000 $ 27,440,000 3% $ 168,000 $ 27,608,000 $ - $ -
4/1/19 $ - $ 22,400,000 $ 27,608,000 3% $ 168,000 $ 27,776,000 $ - $ -
7/1/19 $ - $ 22,400,000 $ 27,776,000 3% $ 168,000 $ 27,944,000 $ - $ -
10/1/19 $ - $ 22,400,000 $ 27,944,000 3% $ 168,000 $ 28,112,000 $ - $ -
1/1/20 $ - $ 22,400,000 $ 28,112,000 3% $ 168,000 $ 28,280,000 $ - $ -
4/1/20 $ - $ 22,400,000 $ 28,280,000 3% $ 168,000 $ 28,448,000 $ - $ -
7/1/20 $ - $ 22,400,000 $ 28,448,000 3% $ 168,000 $ 28,616,000 $ - $ -
10/1/20 $ - $ 22,400,000 $ 28,616,000 3% $ 168,000 $ 28,784,000 $ - $ -
1/1/21 $ - $ 22,400,000 $ 28,784,000 3% $ 168,000 $ 28,952,000 $ - $ -
4/1/21 $ - $ 22,400,000 $ 28,952,000 3% $ 168,000 $ 29,120,000 $ - $
7/1/21 $ - $ 22,400,000 $ 29,120,000 3% $ 168,000 $ 29,288,000 $ - $ -
10/1/21 $ - $ 22,400,000 $ 29,288,000 3% $ 168,000 $ 29,456,000 $ - $ -
1/1/22 $ - $ 22,400,000 $ 29,456,000 3% $ 168,000 $ 29,624,000 $ - $ -
4/1/22 $ - $ 22,400,000 $ 29,624,000 3% $ 168,000 $ 29,792,000 $ - $ -
7/1/22 $ - $ 22,400,000 $ 29,792,000 3% $ 168,000 $ 29,960,000 $ - $ -
10/1/22 $ - $ 22,400,000 $ 29,960,000 3% $ 168,000 $ 30,128,000 $ - $ -
1/1/23 $ - $ 22,400,000 $ 30,128,000 3% $ 168,000 $ 30,296,000 $ - $ -
4/1/23 $ - $ 22,400,000 $ 30,296,000 3% $ 168,000 $ 30,464,000 $ - $ -
7/1/23 $ - $ 22,400,000 $ 30,464,000 3% $ 168,000 $ 30,632,000 $ - $ -
10/1/23 $ - $ 22,400,000 $ 30,632,000 3% $ 168,000 $ 30,800,000 $ - $ -
1/1/24 $ - $ 22,400,000 $ 30,800,000 3% $ 168,000 $ 30,968,000 $ - $ -
4/1/24 $ - $ 22,400,000 $ 30,968,000 3% $ 168,000 $ 31,136,000 $ - $ -
7/1/24 $ - $ 22,400,000 $ 31,136,000 3% $ 168,000 $ 31,304,000 $ 4,767,167 $ -
10/1/24 $ - $ 17,632,833 $ 26,536,833 3% $ 132,246 $ 26,669,079 $ - $ -
1/1/25 $ - $ 17,632,833 $ 26,669,079 3% $ 132,246 $ 26,801,325 $ 3,828,541 $ -
4/1/25 $ - $ 13,804,292 $ 22,972,784 3% $ 103,532 $ 23,076,317 $ - $ -
7/1/25 $ - $ 13,804,292 $ 23,076,317 3% $ 103,532 $ 23,179,849 $ - $ -
10/1/25 $ - $ 13,804,292 $ 23,179,849 3% $ 103,532 $ 23,283,381 $ - $ -
1/1/26 $ - $ 13,804,292 $ 23,283,381 3% $ 103,532 $ 23,386,913 $ - $ -
4/1/26 $ - $ 13,804,292 $ 23,386,913 3% $ 103,532 $ 23,490,445 $ - $ -
483
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Recognized Obligation Payment
,
' •
_ * % z Schedule (ROPS) FY 2025-26
.:;0004A -0:01__r- /. )_/). i Council / Successor A enc_ City Agency Meeting
•0.• - ' January 21 , 2025
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Recognized Obligation Payment Schedule
(ROPS)
• The California Supreme Court ruled on the Dissolution Act (AB 1484) to
dissolve all Redevelopment Agencies (RDAs) in California effective February
1 , 2012.
• AB 1484 established procedures for payment of legally enforceable obligation
of the former RDAs by establishing Successor Agencies (SAs) through the
annual submission of the ROPS to the State Department of Finance (DOF).
• The ROPS lists all expenditures required to be paid by the Successor Agency
in the upcoming fiscal year. For Fiscal Year 2025-26, this amount is
$10,768,498.
• The Fiscal Year ROPS also includes a request for $8,438,398 repayment
of a loan from the City to the former RDA related to the Waterfront. The payment
is required through a judgment issued by the California Supreme Court on
February 17, 2023. The DOF concurred with the Court's ruling in a letter dated
May 19, 2023.
Recognized Obligation Payment Schedule (ROPS)
Waterfront / Emerald Cove
Summary of ' .y - Waterfront Emeral . ove TOTAL
Principal $22,400,000 $6,837,845
Interest $8,736,000 $0
Total to be repaid from
ROPS $31, 136,000 $6,837,845
TOTAL $37,973,845
Recognized Obligation Payment Schedule (ROPS)
Waterfront
Summary of RO r - Wat
Principal $22,400,000
Interest $8,736,000
TOTAL $31,136,000
20% Set-aside requirement $6,227,200
General Fund 80% Allocation $24,908,800
Recognized Obligation Payment Schedule (ROPS) - Emerald Cove
Allo ation of Emerald Cove ROP FY2023-24
Principal Amount
$6,837,845
General Fund ($2,276,594)
Housing Residual Fund ($760,201)
LMIHAF ($3,801,050)
General Fund Allocation
50% GF Budget Balancing for 23-24* $1,138,297
50% General Liability Fund for 23-24 $1,138,297
*Original Plan was 50%to 115 Trust but used to balance the budget
Recognized Obligation Payment Schedule (ROPS) — Waterfront
Waterfront ROPS P . ` ent FY2023-24 FY 2024-25 FY 2025-26
Requests
Requested of DOF $10,000,000 $9,828,541 $8,428,398
DOF Approved / Denied $0 $8,595,708 Pending
Allocation of Full Payment Request
20% Set-Aside $1,719,142 $1,672,718
GF Allocation $6,876,566 $6,742,718
Recognized Obligation Payment Schedule (ROPS) — Waterfront
Allocation of GF Portion of FY 2024-25 FY 2025-26
Waterfront ROPS Payment Funds Received Funds Requested
GF Payment Amount / Request $6,876,566 $6,742,718
Allocation to be
Section 115 Trust Transfer -$1, 719, 142 determined
Equipment Fund Transfer -$1,605,358
Workers' Compensation Transfer -$1,000,000
General Liability Transfer -$2,552,066
Recognized Obligation Payment Schedule (ROPS) — Waterfront
Total Draw-down Draw-down Balance
Amount
Beginning Balance $31,136,000
Drawdown 24-25 - DOF Approved $8,595,708 $22,540,292
Drawdown 25-26 - DOF Requested $8,428,398 $14, 111,894
Projected 26-27 $3,000,000 $11,111,894
Projected 27-28 $3,000,000 $8,111,894
Projected 28-29 $3,000,000 $5,111,894
Projected 29-30 $3,000,000 $2,111,894
Projected 30-31 $2,111,894 $0
Recognized Obligation Payment Schedule (ROPS) — Waterfront
.... . .. ... ... . .
General Fund Draw-down Portion Draw-down Balance
Amount
Beginning Balance $24,908,800
Drawdown 24-25 - DOF Approved $6,876,566 $18,032,234
Drawdown 25-26 - DOF Requested $6,742,718 $11,289,515
Projected 26-27 $2,400,000 $8,889,515
Projected 27-28 $2,400,000 $6,489,515
Projected 28-29 $2,400,000 $4,089,515
Projected 29-30 $2,400,000 $1,689,515
Projected 30-31 $1,689,515 $0
Recognized Obligation Payment Schedule
(ROPS)
• Health and Safety Code Section 34179(j) requires the ROPS to be approved by both the
Huntington Beach Successor Agency and the Countywide Oversight Board and submitted to
the Department of Finance no later than February 1 , 2025 in order to receive funding for the
Fiscal Year 2025-26.
• The ROPS expenditures required to be paid by the Successor Agency
in the upcoming fiscal year will be presented to the Orange Countywide Oversight Board for
their consideration and approval on January 28, 2025.
• The approved ROPS are required to be submitted to the California Department of Finance
(DOF) by February 1 , 2025. The ROPS are then subject to review and approval by the DOF.
• It is recommended that the Successor Agency Adopt Resolution Nos. 2025-01 and 2025-02
approving the Recognized Obligation Payment Schedule (ROPS) and Administrative Budget for
the Huntington Beach Successor Agency for the period of July 1 , 2025, through June 30, 2026,
in accordance with Health and Safety Code Section 34177 and related actions
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i A , . T ' y / Council / Successor A enc Meetin
City Agency g
• -_.--� � January21 2025
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484
Recognized Obligation Payment Schedule
(ROPS)
• The California Supreme Court ruled on the Dissolution Act (AB 1484) to
dissolve all Redevelopment Agencies (RDAs) in California effective February
1 , 2012.
• AB 1484 established procedures for payment of legally enforceable obligation
of the former RDAs by establishing Successor Agencies (SAs) through the
annual submission of the ROPS to the State Department of Finance (DOF).
• The ROPS lists all expenditures required to be paid by the Successor Agency
in the upcoming fiscal year. For Fiscal Year 2025-26, this amount is
$10,768,498.
• The Fiscal Year ROPS also includes a request for $8,438,398 repayment
of a loan from the City to the former RDA related to the Waterfront. The payment
is required through a judgment issued by the California Supreme Court on
February 17, 2023. The DOF concurred with the Court's ruling in a letter dated
May 19, 2023.
485
Recognized Obligation Payment Schedule (ROPS)
Waterfront
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m ."s .,,.-,--ix . v,31v. : ._1.,.x .. .:. a .-..} .x � Nw " . % � \ 5.. ' „r �a � sx� k� ar ,) 3 a- a:.'<. , ... ....� .,- s, �i. :-,�n:..:' �._xx_� x � >rye �. -- .� . sue� .>�.; .� e ihss� g ttnw _Xrt : :. w.br�v.�c { ��(tier , c _a...�_.. . _>�4 mx - _ „ �� 2 g til a, K •_•_',,$ y " .e > r , -d•ax > x .- . r: v . > � r�
> I r •oe $8,736,000
, , . r " m - .Tv« i� :�� a mi. r xS a , 4 xa �lp• �.-. ,2, w .<., ..,-'_'.. > : p 4s � :x ; .-a;.�. : oax>ft>��Jw i't+ \'. -ta . - , a : Ti k P ;. ; ti ;.V .. .1.9 s ,- i _ . a. . ? : may ,,,I4I
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20% Set side requirement • • $6,227,200
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r eneral Fund 80.,E A i ac on $24,9 ,800� � � , s��. ,„;rj
486
Recognized Obligation Payment Schedule
(ROPS)
• Health and Safety Code Section 34179(j) requires the ROPS to be approved by both the
Huntington Beach Successor Agency and the Countywide Oversight Board and submitted to
the Department of Finance no later than February 1 , 2025 in order to receive funding for the
Fiscal Year 2025-26.
• The ROPS expenditures required to be paid by the Successor Agency
in the upcoming fiscal year will be presented to the Orange Countywide Oversight Board for
their consideration and approval on January 28, 2025.
• The approved ROPS are required to be submitted to the California Department of Finance
(DOF) by February 1 , 2025. The ROPS are then subject to review and approval by the DOF.
• It is recommended that the SuccessorAgency Adopt Resolution Nos. 2025-01 and 2025-02
approving the Recognized Obligation Payment Schedule (ROPS) and Administrative Budget for
the Huntington Beach Successor Agency for the period of July 1 , 2025, through June 30, 2026,
in accordance with Health and Safety Code Section 34177 and related actions
487
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Mr. Amory Hanson
8102 Ellis Avenue
Apartment 121
Huntington Beach CA 92646
January 21, 2025
The Mayor of Huntington Beach
2000 Main Street
Huntington Beach CA 92648
My Dear Mister Mayor,
I would like to express my support for Item XVIIB.
Sincerely Yours,
Mr.Amory Hanson
CC:The Honorable Casey McKeon
CC:The Honorable Donald C.Kennedy
CC:The Honorable Anthony Strickland
CC:The Honorable E.M.Twining
CC:The Honorable Grace Vandermark
CC:The Honorable Chad Williams
SUPPLEMENTAL
COMMUNICATION
Meeting Date: 1/21/2025
Agenda Item No. 17 (24-929)