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Home My WebLink About14-05 (ROPS 14-15A)1 OVERSIGHT BOARD RESOLUTION NO. 1405 A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE 14-15A ("ROPS 14-15A") AND MAKING CERTAIN FINDINGS IN CONNECTION THEREWITH The Oversight Board of the Successor Agency to the Tustin Community Redevelopment Agency finds, determines and declares as follows: A. The Tustin Community Redevelopment Agency ("Agency") was established as a community redevelopment agency that was previously organized and existing under the California Community Redevelopment Law, Health and Safety Code Sections 33000, et seq. ("CRL") and previously authorized to transact business and exercise the powers of a redevelopment agency pursuant to action of the City Council ("City Council") of the City of Tustin ("City"); and B. AB X1 26 ("AB26") added Parts 1.8 and 1.85 to Division 24 of the California Health and Safety Code, which laws cause the dissolution and wind down of all redevelopment agencies ("Dissolution Act"); and C. On December 29, 2011, in the petition California Redevelopment Association v. Matosantos, Case No. S194861, the California Supreme Court upheld the Dissolution Act and thereby all redevelopment agencies in California are subject to the Dissolution Act and were dissolved as of and on February 1, 2012 and D. The Agency is now a dissolved community redevelopment agency pursuant to the Dissolution Act; and E. By a resolution considered and approved by the City Council at an open public meeting on January 17, 2012, the City chose to become and serve as the "Successor Agency" to the dissolved Agency under the Dissolution Act; and F. As of and on and after February 1, 2012, the Clty serves as the "Successor Agency" and will perform its functions as the Successor Agency under the Dissolution Act to administer the enforceable obligations of the Successor Agency and otherwise unwind the Successor Agency's affairs, all subject to the review and approval by the seven - member Oversight Board formed thereunder; and G. Pursuant to Sect -on 34179, the Successor Agency's Oversight Board has been formed and the initial meeting has occurred on March 13, 2012; and H. Section 34179(e), as amended by Assembly Bill 1484 ("AB 1484"), requires all actions taken by the Oversight Board to be adopted by resolution; and Over ,ight Board Resolution 14-05 Page i of 3 On February 18, 2014, the Successor Agency approved the Recognized Obligation Payment Schedule 14-15A ("ROPS 14-15A") for the period of July 1, 2014 through December 31, 2014; and J. The Oversight Board has duly considered all other related matters and has determined that the Board's approval of ROPS 14-15A and submission to the California Department of Finance is in the best interests of the City and Agency and in the health, safety, and welfare of its residents, and in accord with the public purposes and provisions of applicable state and local laws and requirements. NOW, THEREFORE, BE IT RESOLVED BY A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY: Section 1. The foregoing recitals are incorporated into this Resolution by this reference, and constitute a material part of this Resolution. Section 2. The Oversight Board approves ROPS 14-15A attached hereto as Attachment No. 1 and incorporated herein, and further authori-es the Successor Agency to transmit this Resolution to the County Auditor -Controller, the State Department of Finance ("DoF"), and the State Controller's Office. Section 3. The Executive Director of the Successor Agency or his authorized designee is directed to post this Resolution on the City/Successor Agency website. Section 4. This Resolution adopted by the Oversight Board shall not become effective no later than forty-five (45) business days after submission to the DoF, pending a review by the DoF. Within five business days of the DoF's determination, the Successor Agency can request additional review by the DoF and an opportunity to meet and confer on disputed items. Section 5. The Secretary of the Oversight Board shall certify to the adopt on of this Resolution. APPROVED AND ADOPTED this 25th day pf February, X014. Oversight Tustin Coi ATTEST: Charles E. °Chuck" Puckett, Secretary Oversight Board of the Successor Agency to the Tustin Commun'ty Redevelopment Agency Oversight Bard Resolu! on 1405 Page 2 of 3 ird of the Successor Agency to the unity Redevelopment Agency 1 STATE_ OF CALIFORNIA ) COUNTY OF ORANGE )SS CITY OF TUSTIN } I, CHARLES E. "CHUCK" PUCKE=TT, Secretary of the Oversight Board of the Successor Agency to the Tustin Community Redevelopment Agency, do hereby certify that the whole number of the members of the Agency Board is seven; that the above and foregoing Resolution No. 14-05 was duly passed and adopted at a special meeting of the Oversight Board, held on the 251h day of February, 2014, by the following vote: BOARD MEMBER AYES: Davert, Puckett, N:(l.,e- , 5or'. a, We 4-t (5) BOARD MEMBER NOES: bjnne(0) BOARD MEMBER ABSTAINED: None ...... (0) BOARD MEMBER ABSENT: Fitzsimons, Bernstein (2) Charles E. "Chuck" Puckett, Secretary Oversight Board of the Successor Agency to the Tustin Community Redevelopment Agency Attachment No. 1 — Recognized Obligation Payment Schedule 14-15A (July — December 2014) Oversight Board Resolution 14-05 Page 3 of 3 ATTACHMENT NO. 1 RECOGNIZED OBLIGATION PAYMENT SCHEDULE 14-15A (July — December 2014) Recognized Obligation Payment Schedule (ROPS 14 -ISA) - Summary Filed for the July 1. 2014 through December 31 2014 Period Name of Successor Agency. Tustin Name of Cohysryr Orange C urent Period Requested Funding for Outstanding Debt or 2nILOM 6txatlonth Total Enforceable Obligations Funded with fion4tedeveioprhlert Property Tax Trust Fund (RPTfF) Funding A Sources (B+C+D): i 76,500 B Bond Proceeds Funding (ROPS Detall 16,500 C Reserve Balance Funding (ROPS Detel7 D Other Funding (RODS DsW) E Enforceable Obligations Funded with RPTTF Funding S 14,883.181 F Non-Admihastrative Costs (ROPS Detail) 14.310,463 G Adntirmstrative Costa (RODS Detail) 572,718 H Currerd Period Enforceable Obligations (A+E)_ ; 14,859,681 Successor AgfincY Ssff-R ed Prior Period Ad ustmeat to Curram Period RPTTF Requested Funding I Enforceable Obligations funded with RPTTF (E). 14.883.181 J gess Prior Period Actrstnient (Report of P Kw Period A* strrherts Cokwv% S) _ ( 995.1891 K Adjusted Current Period RPTTF Requested Funding (W) $ 14,657,792 County Auditor Controller Reported Prior Period Ad ustment to Current Period RPTTF Requested Fundi L EnIm , a lA Obligation(i fwlded with RPTTF (E)- 14.883,151 M Less Prior Period Adjlhsbrherht (Report of Prior Period Adthrsftwft Cogmn AN N Adjusted Currort Period RPTTF Requested Fhrndkhg (Lal) 14,883,181 Cerblicatian of Oversight Board Chairman' Pursuant to Section 34177(m) of the Health and Safety code, l hereby certify t hal the above is a true and accurate Recognized Obbga6m Payment Schedule for the above nerved agency. /L' Recognized Obligation Payment Schedule (ROPS) 14-15A - ROPS Detail July 1, 2014 through December 31, 2014 (Report Amounts in Whole Dollars) A B c D E F G H I J K L I. N O P Funding Source Non -Redevelopment Property Tax Trust Fund (Non-RPTTF) RPTTF Contract/Agreement Contract/Agreement Total Outstanding Item # Project Name / Debt Obligation Obligation Type Execution Date Termination Date Payee Description/Project Scope Project Area Debt or Obligation Retired Bond Proceeds Reserve Balance Other Funds Non -Admin Admin Six -Month Total $ 167,465,158 $ 76,500 $ - $ - $ 14,310,463 $ 572,718 $ 14,959,681 1 Housing Tax Allocation Bonds Bonds Issued On or 3/1/2010 9/1/2039 Bondholders via The Bank Proceeds from the sale of the Bonds All 37,035,547 N 1,293,703 $ 1,293,703 2 Fiscal Agent Fees - TA Bond 2010 Fees 1/19/2010 9/1/2039 The Bank of New York administration of bond activities [paid All 3,300 N 3,300 $ 3,300 Mellon annually] 3 Continuing disclosure services & Fees 1/19/2010 9/1/2039 Applied Best Practices; Continuing disclosure services for All 4,350 N 1,350 $ 1,350 arbitrage services Willdan & Associates 2010 Housing bonds and arbitrage services. 7 Direct Project Related Costs Project Management 7/1/2014 12/31/2014 Former employees funded ANNUAL Payroll for employees for All N $ - (including Salary and Benefits Costs by the Successor Agency direct project operation; this amount funded by the Successor Agency) that perform Successor will fluctuate annually. The employees Agency activities for direct are performing project related activities project support involving the enforceable obligations listed on Rows #10416, Rows #22- #34, Rows #45447, & Rows #51463. 8PERS liability (annually adjusted) Unfunded Liabilities 7/1/2014 6/30/2015 City of Tustin Employees funded by the Successor All 140,518 N $ Agency that perform Successor Agency activities. The liability is reviewed annually and may increase or decrease based on a variety of economic and actuarial assumptions. 9 Bank Analysis Fees Fees 7/1/2014 6/30/2015 Bank of America Fees Charged by bank for transactions All N $ - 10 Payment in Lieu of Taxes Project Management 10/1/1999 6/30/2015 City of Tustin Agency monitors to insure receipt of All N $ ,Agreement - Flanders Pointe Costs annual payment 11 Payment in Lieu of Taxes Project Management 8/13/1998 6/30/2015 City of Tustin Agency monitors to insure receipt of All N $ - Agreement - Orange Gardens Costs annual payment (Agreement w/City) 12 Olson DDA/Arbor Walk Project Management 3/1/2004 6/30/2015 Redevelopment Agency Monitoring to ensure the project All N $ - Costs complies with the DDA. To the extent RPTTF funds are not available to fund this enforceable obligation, then the obligation shall be considered an encumbrance ofthe LMIHF. 13 Arbor Walk Promissory Notes Project Management 3/1/2004 6/30/2015 Redevelopment Agency Agency monitors to ensure the 10 All N $ - Costs affordable homeownership units are in compliance with the Promissory Notes and recorded Affordable Housing Covenants. In addition, the Agency prepares and executes affordable housing documents when affordable homeowners refinance or sell their homes. To the extent RPTTF funds are not available to fund this enforceable obligation, then the obligation shall be considered an encumbrance ofthe LMIHF. 14 Heritage Place DDA Project Management 4/11/2002 6/30/2015 Redevelopment Agency Agency monitors to ensure 53 units All N $ - Costs are in compliance with affordability requirements. To the extent RPTTF funds are not available to fund this enforceable obligation, then the obligation shall be considered an encumbrance ofthe LMIHF. Recognized Obligation Payment Schedule (ROPS) 14-15A - ROPS Detail July 1, 2014 through December 31, 2014 (Report Amounts in Whole Dollars) A B c D E F G H I J K L I. N O P Funding Source Non-Redevelopment Property Tax Trust Fund (Non-RPTTF) RPTTF Contract/Agreement Contract/Agreement Total Outstanding Item # Project Name / Debt Obligation Obligation Type Execution Date Termination Date Payee Description/Project Scope Project Area Debt or Obligation Retired Bond Proceeds Reserve Balance Other Funds Non-Admin Admin Six-Month Total 15 Heritage Place Loan Agreement Project Management 4/12/2007 6/30/2015 Redevelopment Agency Financial assistance was provided by All N $ - Costs the Agency to the Developer for construction of a multi-family project and the Agency monitors the terms of the loan agreement (expires 4-15- 2033), including the residual receipt payment. To the extent RPTTF funds are not available to fund this enforceable obligation, then the obligation shall be considered an encumbrance ofthe LMIHF. 16 Single and Multi-Family Project Management 6/27/2011 6/30/2015 Redevelopment Agency Agency monitors 6 Single Family and All N $ - Rehabilitation Loans Costs Multi-Family Loans between the Agency and Property Owners of rehabilitated properties. 17 Asset Transfer Obligations Property 7/1/2014 6/30/2015 Successor Agency In accordance with California Health All 200,000 N $ - Dispositions and Safety Code Section 34117(e) the Su ccessor Agency is responsible for disposing of assets and properties as directed by the Oversight Board pursuant to subvision a of Section 34181. The Successor Agency will incur costs associated with the transfer of assets including but not limited to escrow fees, title costs, recording fees and any other associated closing costs. 18 Town Center Housing Deficit SERAF/ERAF 5/1/2000 6/30/2015 Agency's Town Center Repayment for Town Center Housing Town Center 976,042 N 976,042 $ 976,042 Reduction Plan Housing Set-Aside fund Set-Aside funds diverted to support non-housing Redevelopment activities in Town Center during the period of 1986-1992. 19 Tax Allocation Refunding Bonds Bonds Issued On or 7/1/1998 12/1/2016 Bondholders via US Bank Bond issue to fund non-housing Town Center 4,904,906 N 1,557,131 $ 1,557,131 1998 (Town Center) Before 12/31/10 projects. Total outstanding debt includes principal and interest. 20 Fiscal Agent Fees - TA Bond 1998 Fees 1/19/2010 12/1/2016 US Bank administration of bond activities Town Center 3,300 N 3,300 $ 3,300 21 Continuing disclosure & arbitrage Fees 1/19/2010 12/1/2016 Applied Best Practices; Continuing disclosure & arbitrage Town Center 6,000 N 6,000 $ 6,000 services Willdan & Associates services for 1998 bonds 22 Contract for engineering services Professional 6/9/2011 12/31/2014 Critical Structures, Inc. Structural engineering assessment of Town Center 8,100 N 8,100 $ 8,100 Services Stevens Square Parking Structure 23 Stevens Square Parking Garage Property 6/17/1988 6/30/2015 Stevens Square Parking There are ongoing maintenance costs Town Center 35,000 N 25,000 $ 25,000 Declaration of Covenants, Maintenance Structure Condominium as required by the CC&Rs. In addition, Conditions, Restrictions and Association there are one-time, deferred Reservations maintenance repairs that will be determined by the structural engineering assessment. The costs associated with ongoing maintenance and deferred maintenance repairs are estimates. Recognized Obligation Payment Schedule (ROPS) 14-15A - ROPS Detail July 1, 2014 through December 31, 2014 (Report Amounts in Whole Dollars) A B c D E F G H I J K L I. N O P Funding Source Non -Redevelopment Property Tax Trust Fund (Non-RPTTF) RPTTF Contract/Agreement Contract/Agreement Total Outstanding Item # Project Name / Debt Obligation Obligation Type Execution Date Termination Date Payee Description/Project Scope Project Area Debt or Obligation Retired Bond Proceeds Reserve Balance Other Funds Non -Admin Admin Six -Month Total 24 Ambrose Lane/First Time Project Management 5/17/2000 6/30/2015 Redevelopment Agency Agency monitors to ensure the 5 Town Center N $ - Homebuyer Costs affordable homeownership units are in compliance with the Promissory Notes and recorded Affordable Housing Covenants. In addition, the Agency prepares and executes affordable housing documents when affordable homeowners refinance or sell their homes. To the extent RPTTF funds are not available to fund this enforceable obligation, then the obligation shall be considered an encumbrance ofthe LMIHF. 25 First Time Homebuyer Promissory Project Management 5/17/2000 6/30/2015 Redevelopment Agency Agency monitors to ensure the 1 first Town Center N $ - Note Costs time homebuyer unit is in compliance with the Promissory Note and an Affordable Housing Covenant. In addition, the Agency prepares and executes affordable housing documents when the affordable homeowner refinances or sells their home. To the extent RPTTF funds are not available to fund this enforceable obligation, then the obligation shall be considered an encumbrance ofthe LMIHF. 26 Makena DDA Project Management 10/19/2004 6/30/2015 Redevelopment Agency Monitoring to insure developer is in Town Center N $ - Costs compliance with contractual obligations. 27 Old Town Plaza Retail Rehab DDA Project Management 5/10/2001 6/30/2015 Redevelopment Agency Monitoring to insure developer is in Town Center N $ - Costs compliance with contractual obligations. 28 Plaza Lafayette DDA Project Management 7/2/1985 6/30/2015 Redevelopment Agency Monitoring to insure developer is in Town Center N $ - Costs compliance with contractual obligations. 29 Ford Commercial Rehab DDA Project Management 9/15/1998 6/30/2015 Redevelopment Agency Monitoring to insure developer is in Town Center N $ - Costs compliance with contractual obligations. 30 Micro Center DDA Project Management 11/21/1994 6/30/2015 Redevelopment Agency Monitoring to insure developer is in Town Center N $ - Costs compliance with contractual obligations. 31 Thompson Building OPA Project Management 6/6/1994 6/30/2015 Redevelopment Agency Monitoring to insure developer is in Town Center N $ - Costs compliance with contractual obligations. 32 ENA Deposit Project Management 6/27/2011 6/30/2015 General Motors Reimbursement of Good Faith Deposit Town Center N $ - Costs 33 Potted Plants Agreements (17) Project Management 6/27/2011 6/30/2015 Redevelopment Agency Monitoring to insure seventeen 17 Town Center N $ - Costs agreements are in compliance with contractual obligations. 34 Prospect Village DDA Project Management 6/21/2004 6/30/2015 Redevelopment Agency Monitoring to insure developer is in Town Center N $ - Costs compliance with contractual obligations. Recognized Obligation Payment Schedule (ROPS) 14-15A - ROPS Detail July 1, 2014 through December 31, 2014 (Report Amounts in Whole Dollars) A B c D E F G H I J K L I. N O P Funding Source Non-Redevelopment Property Tax Trust Fund (Non-RPTTF) RPTTF Contract/Agreement Contract/Agreement Total Outstanding Item # Project Name / Debt Obligation Obligation Type Execution Date Termination Date Payee Description/Project Scope Project Area Debt or Obligation Retired Bond Proceeds Reserve Balance Other Funds Non-Admin Admin Six-Month Total 35 Public Works Agreement/South cans 06/07/1993 06/30/203 ity of Tustin Original Loan amount to the Agency in South Central 5,190,371 5,190,371 Central Redevelopment Project 6/27/11 1993 was initially estimated to be $33,500,000 for the Newport Avenue Extension (Newport Underpass) to Edinger Avenue. The interest rate is .5% above the City's average yield on investments. Repayment ofthe loan is based on City-funded Phase 1 work (Capital Improvement Program - CIP 70130) that has been completed on the Newport Avenue Extension/SR-55 North Bound Ramp Reconfiguration Project. The Phase 1 project began in 1993 and was completed in March 2010. Phase 1 (CIP 70130) contracts are not listed on previous EOPS or ROPS. There is no duplication of obligations. Phase 2 work(CIP 70131) consists of contracts listed below in Rows #42447 and these contracts have not been double counted in Phase 1. Pursuant to Section 1 Public Improvement Work ofthe Public Works Agreement, the Successor Agency shall pay the City when projects are completed and in semi-annual installments (per Section 2 Payment by the Agency of the Agreement). This installment will reflect initial reimbursement payments until confirmation ofthe Oversight Board of the actual increased costs ofthe 36 Memorandum of Understanding with Miscellaneous 3/20/1985 6/30/2015 Orange County Water Tax share agreement (pre-AB 1290) South Central N $ - Orange County Water District District with the Agency. Applicability of (Section 33401 Payment; 3/20/1985) agreement is questionable because of provisions with AB1X 26. 37 Memorandum of Understanding with Miscellaneous 9/13/1985 6/30/2015 Tustin Unified School Tax share agreement pre-1290 with South Central N $ - Tustin Unified School District District Agency. The agreement provides that (Section 33401 Payment; 9/13/1985) certain tax sharing payments would occur afterthe Agency has expended $10 million dollars for construction of facilities within the South Central Amendment Area and or retired bonds or other indebtedness for such construction as provided in the Agreement. The Agency has not retired the indebtedness associated with the 1993 Public Works Agreement and, as a result, there have been no payments made to date. Recognized Obligation Payment Schedule (ROPS) 14-15A - ROPS Detail July 1, 2014 through December 31, 2014 (Report Amounts in Whole Dollars) A B c D E F G H I J K L I. N O P Funding Source Non -Redevelopment Property Tax Trust Fund (Non-RPTTF) RPTTF Contract/Agreement Contract/Agreement Total Outstanding Item # Project Name / Debt Obligation Obligation Type Execution Date Termination Date Payee Description/Project Scope Project Area Debt or Obligation Retired Bond Proceeds Reserve Balance Other Funds Non -Admin Admin Six -Month Total 38 Memorandum of Understanding with Miscellaneous 9/13/1985 6/30/2015 Saddleback Community Tax share agreement pre -1290 with South Central N $ - Saddleback Community College College District Agency. The agreement provides that District (Section 33401 Payment; certain tax sharing payments would 9/13/1985) occur afterthe Agency has expended $10 million dollars for construction of facilities within the South Central Amendment Area and or retired bonds or other indebtedness for such construction as provided in the Agreement. The Agency has not retired the indebtedness associated with the 1993 Public Works Agreement and, as a result, there have been no payments made to date. 39 Newport Av./SR55 NB Ramp Professional 11/25/2008 6/30/2015 Psomas Engineering Mapping and survey services South Central N $ - Reconfiguration Services 40 NewportAv./SR55 NB Ramp Professional 1/26/2010 6/30/2015 Anderson Penna Program management services South Central N $ - Reconfiguration Services 41 NewportAv. Extension, N/O Edinger Professional 2/2/2010 6/30/2015 Dokken Engineering Final design services South Central N $ - Av. Services 42 NewportAv. Extension, N/O Edinger Professional 10/8/2010 6/30/2015 Nuvis Landscape design services South Central N $ - Av. Services 43 NewportAv. Extension, N/O Edinger Professional 12/16/2007 6/30/2015 Morrow Management Dry Utility design and coordination South Central N $ - Av. Services services 44 Newport Av. Extension, N/O Edinger Professional 1/26/2010 6/30/2015 Anderson Penna Program management services South Central N $ - Av. Services 45 CBS Outdoor Billboard Project Management 12/19/1994 6/30/2015 Redevelopment Agency Monitoring to insure licensee is in South Central N $ - Costs compliance with contractual obligations. 46 Tustin Grove Promissory Notes and Project Management 1/1/1996 6/30/2015 Redevelopment Agency Agency monitors to ensure the sixteen South Central N $ - Affordable Housing Covenants Costs 16 affordable homeownership units are in compliance with the Promissory Notes and recorded Affordable Housing Covenants. In addition, the Agency prepares and executes affordable housing documents when affordable homeowners refinance or sell their homes. To the extent RPTTF funds are not available to fund this enforceable obligation, then the obligation shall be considered an encumbrance ofthe LMIHF. 47 Tustin Grove Affordable Housing Project Management 12/27/1995 6/30/2015 Redevelopment Agency Monitoring to ensure the project South Central N $ - DDA Costs complies with the DDA. To the extent RPTTF funds are not available to fund this enforceable obligation, then the obligation shall be considered an encumbrance ofthe LMIHF. 48 Tax AllocationBonds - MCAS Bonds Issued On or 11/1/2010 9/1/2040 Bondholders via The Ban of Bond issue to fund non -housing MCAS Tustin 75,289,813 N 1,839,963 $ 1,839,963 Tustin, Series 2010 Before 12/31/10 New York Mellon projects. Total outstanding debt includes principal and interest. 49 Fiscal Agent Fees - TA Bond 2010 Fees 9/7/2010 9/1/2040 The Bank of New York administration of bond activities MCAS Tustin 135,000 N 3,300 $ 3,300 Mellon Recognized Obligation Payment Schedule (ROPS) 14-15A - ROPS Detail July 1, 2014 through December 31, 2014 (Report Amounts in Whole Dollars) A B c D E F G H I J K L I. N O P Funding Source Non -Redevelopment Property Tax Trust Fund (Non-RPTTF) RPTTF Contract/Agreement Contract/Agreement Total Outstanding Item # Project Name / Debt Obligation Obligation Type Execution Date Termination Date Payee Description/Project Scope Project Area Debt or Obligation Retired Bond Proceeds Reserve Balance Other Funds Non -Admin Admin Six -Month Total 50 Continuing disclosure services & Fees 9/7/2010 9/1/2040 Applied Best Practices; Continuing disclosure services for MCAS Tustin 121,500 N 1,350 $ 1,350 arbitrage services Willdan & Associates 2010 MCAS bonds & arbitrage services 51 Lease between the USA and the Property 5/13/2002 9/1/2040 Redevelopment Agency Property Management, Maintenance, MCAS Tustin N $ - City of Tustin for Portions ofthe Maintenance Environmental Remediation, and Real Former Marine Corps Air Station Estate obligations of City required by Tustin Navy on Lease sites until conveyance of properties. This includes asset management and disposal, property man agement an d remediation. Direct project related staffing costs only associated with asset management and disposal underthe LIFOC are listedin Row #7. Contractual response costs for all other responsibilities under the LIFOC Agreement will be as they are incurred and as requested by the Department of N avy. 52 Lease between the USA and the Property 6/16/2004 9/1/2040 Redevelopment Agency Property Management, Maintenance, MCAS Tustin N $ - City of Tustin for Parcel 22 of the Maintenance Environmental Remediation, and Real Former Marine Corps Air Station Estate obligations of City required by Tustin Navy on Lease sites until conveyance of properties. This includes asset management and disposal, property man agement an d remediation. Direct project related staffing costs only associated with asset management and disposal underthe LIFOC are Fisted in Row#7. Contractual response costs for all other responsibilities underthe LIFOC Agreement will be as they are incurred and as requested by the Department of N avy. 53 Economic Development Property 5/13/2002 9/1/2040 Redevelopment Agency Obligations of City required by Navy in MCAS Tustin N $ - Conveyance (EDC) Application for Maintenance the conveyance ofthe property under Marine Corps Air Station (MCAS) the Reuse Plan adopted in 2002. This Tustin as Amended includes asset management and disposal, property management and remediation. Direct project related staffing costs associated with asset management and disposal underthe EDC are listed in Row #7. Contractual response costs for all other responsibilities under the EDC Agreement will be as they are incurred and as requested by the Department of N avy. 55 Contract for Engineering & Planning Professional 08/08/2010 06/30/2014 RBF Consulting Plan check and tract map services MCAS Tustin N Services 56 Contract for Planning Services Professional 9/7/2010 6/30/2015 SMS Architects Implementation Plan and Strategy MCAS Tustin N $ - Services 57 Contract for Engineering Services Professional 09/07/2010 06/30/2014 Hunsaker & Associates Disposition Strategy & mapping MCAS Tustin N Services services Recognized Obligation Payment Schedule (ROPS) 14-15A - ROPS Detail July 1, 2014 through December 31, 2014 (Report Amounts in Whole Dollars) A B c D E F G H I J K L I. N O P Funding Source Non -Redevelopment Property Tax Trust Fund (Non-RPTTF) RPTTF Contract/Agreement Contract/Agreement Total Outstanding Item # Project Name / Debt Obligation Obligation Type Execution Date Termination Date Payee Description/Project Scope Project Area Debt or Obligation Retired Bond Proceeds Reserve Balance Other Funds Non -Admin Admin Six -Month Total 58 Contract for Financial Analysis Professional 1/4/2011 6/30/2015 David Taussig & Associates financial advisory services associated MCAS Tustin 12,750 N 8,000 $ 8,000 Services with determining distribution of assessments assoicated with background infrastructure costs 59 Newport/SR-55 Gateway Master Professional 9/9/2010 6/30/2015 RBF Consulting Preparation of Gateway Master plan MCAS Tustin N $ - plan & landscape improvements Services and design of landscape improvements 60 Website Hosting Agreement Miscellaneous 12/8/2010 6/30/2015 Commpro, LLC Website hosting forthe MCAS Tustin MCAS Tustin 1,800 N 1,800 $ 1,800 website (Annual) 63 Coventry Court Regulatory Project Management 9/30/2010 6/30/2015 Redevelopment Agency Agency monitors receipt of payment in MCAS Tustin N $ - Agreement & Declaration of Costs lieu oftaxes as well as developer's Restrictive Covenants and compliance with contractual senior Supplemental Regulatory affordable housing obligations related Agreement to 153 affordable units within the Project. To the extent RPTTF funds are not available to fund this enforceable obligation, then the obligation shall be considered an encumbrance ofthe LMIHF. 64 Contract for Environmental Services Professional 11/16/2010 6/30/2015 Pacific States Construction of Tustin Ranch Road MCAS Tustin N $ - Services Phase 1 Grading & Storm Drain (contract may be amended to complete future bond -related projects) 65 Contract for GeoTech Services Professional 9/7/2010 6/30/2015 NMG Construction of Tustin Ranch Road MCAS Tustin N $ - Services Phase 1 Grading & Storm Drain (contract may be amended to complete future bond -related projects) 66 Contract for Construction Improvement/Infrastr 5/3/2011 6/30/2015 Parsons Transportation Construction management for Tustin MCAS Tustin N $ - Management ucture Group Ranch Road (Phase 1 and 2) 67 Contract for Environmental Services Professional 11/2/2010 6/30/2015 Vandermost Consulting Regulatory Agency consulting MCAS Tustin N $ - Services 68 6th Amended Agmt for Admin Costs 8/28/2012 6/30/2015 Employees funded by the Administrative Budget for employees, All 481,062 N 429,314 $ 429,314 Reimbursement of Costs and Successor Agency that overhead& legal services needed for City/Admin Agency Operations Loan perform Successor Agency direct administrative operation. The between the SA/City pursuant to activites as needed for Oversight Board ofthe Successor California HSC Section 34177 Q) direct administrative Agency to the Tustin Community operations as well as Redevelopment Agency approved the overhead and legal administrative budget on March 13, services. 2012 and the Successor Agency adopted Successor Agency Resolution No. 12-04 on March 20, 2012 approving the Administrative Budget and approved the "Agreement for Reimbursement of Costs and City/Successor Agency Operations Loan". This amountwilI fluctuate annually. The Adminstrative Budget was calculated in accordance with California Health and Safety Code Section 34171(b), 3% ofthe property tax allocated to the Successor Agency For FY 2011-2012. Recognized Obligation Payment Schedule (ROPS) 14-15A - ROPS Detail July 1, 2014 through December 31, 2014 (Report Amounts in Whole Dollars) A B c D E F G H I J K L I. N O P Funding Source Non -Redevelopment Property Tax Trust Fund (Non-RPTTF) RPTTF I Contract/Agreement Contract/Agreement Total Outstanding Item # Project Name / Debt Obligation Obligation Type Execution Date Termination Date Payee Description/Project Scope Project Area Debt or Obligation Retired Bond Proceeds Reserve Balance Other Funds Non -Admin Admin Six -Month Total 693rd Amended Agmt forOPA/DDA/Constructi 08/28/2012 06/30/201 ity of Tustin Phase Ranch Road Reimbursement of Costs and on Improve Project City/Admin Agency Operations Loan between the SA/City pursuant to California HSC Section 34180 (e). 70 Direct Project -related costs Project Management 1/1/2014 6/30/2015 Employees that perform Annual Payroll for employees MCAS Tustin153,000 N 76,500 $ 76,500 associated with MCAS Tustin Tax Costs direct project -related supporting Bond Covenanted projects Allocation Bonds, Series 2010 activities for the MCAS (including Salary and Benefits of Tustin Tax Allocation bond - employees) funded projects. 71 Affordable Housing Reimbursement City/County Loans 6/5/2007 6/30/2030 City of Tustin Initial Agreement between the City and All 16,393,177 N 3,304,253 $ 3,304,253 Agreement and First Amendment On or Before 6/27/11 Agency forthe purpose of reimbursing Between City and Agency the City for assisting the Agency in carrying out its affordable housing obligations at Tustin Field I & II. 72 South Central Project Area Loan City/County Loans 9/2/2008 6/30/2030 City of Tustin Project purposes loan. Amount is South Central 4,650,000 N $ On or Before 6/27/11 derived from Appendix D ofthe fourth Five -Year Implementation Plan ofthe South Central/Town Center Project Areas as adopted on October 5, 2010. Continuation of Loan to Agency on Administrative Agreement adopted by Council on September 7, 2010. The amount was originally loaned to the Agency on September 2, 2008. Prior loans to the Agency were for differing amounts as needed by project area. 73 Housing Tax Allocation Bonds, Legal 7/1/2014 6/30/2015 City Attorney- Woodruff, project -specific legal services for bond- All 10,000 N 5,000 $ 5,000 Series 2010 - Legal Services Spradlin & Smart (including related activities identified in Row#1 Stradling Yocca Carlson & Rauth; Remy, Thomas, Moose & Manley; Waters & Company; Jeanette Justus; Arbruster Goldsmith & Delvac LLP; Cappello & Noel LLP; and Kutak Rock) 74 Olson DDA/Arbor Walk- Legal Legal 7/1/2014 6/30/2015 City Attorney- Woodruff, project -specific legal services for All 10,000 N 5,000 $ 5,000 Services Spradlin & Smart, et al. enforceable obligation activities identified in Rows #12-13 75 Heritage PlaceDDA/Loan Legal 7/1/2014 6/30/2015 City Attorney- Woodruff, project -specific legal services for All 5,000 N 2,500 $ 2,500 Agreement - Legal Services Spradlin & Smart, et al. enforceable obligation activities identified in Rows #14-15 76 Single and Multi -Family Legal 7/1/2014 6/30/2015 City Attorney- Woodruff, project -specific legal services for All 5,000 N 2,500 $ 2,500 Rehabilitation Loans - Legal Spradlin & Smart, et al. enforceable obligation activities Services identified in Row #16 77 Twn Center Housing Deficit Legal 7/1/2014 6/30/2015 City Attorney- Woodruff, project -specific legal services for Town Center 5,000 N 2,500 $ 2,500 duction Plan - Legal Services Spradlin & Smart, et al. enforceable obligation activities identified in Row #18 78�Re x Allocation Refunding Bonds Legal 7/1/2014 6/30/2015 City Attorney- Woodruff, project -specific legal servicesfor bond- Town Center 5,000 N 2,500 $ 2,500 98 (Town Center) -Legal Spradlin &Smart, et al. related activities identified in Row#19 Recognized Obligation Payment Schedule (ROPS) 14-15A - ROPS Detail July 1, 2014 through December 31, 2014 (Report Amounts in Whole Dollars) A B c D E F G H I J K L I. N O P Funding Source Non -Redevelopment Property Tax Trust Fund (Non-RPTTF) RPTTF Contract/Agreement Contract/Agreement Total Outstanding Item # Project Name / Debt Obligation Obligation Type Execution Date Termination Date Payee Description/Project Scope Project Area Debt or Obligation Retired Bond Proceeds Reserve Balance Other Funds Non -Admin Admin Six -Month Total 79 Stevens Square Parking Garage Lega 11W 01/01/2014 7777701V City Attorney- Woodruff, project -specific legal services for Town Center N Declaration of Covenants, Spradlin & Smart, et al. enforceable obligation activities Conditions, Restrictions and identified in Rows #22-23 Reservations - Legal Services 80 Ambrose Lane/First Time Legal 01/01/2014 06/30/2014 City Attorney- Woodruff, project -specific legal services for Town Center N Homebuyer- Legal Services Spradlin & Smart, et al. enforceable obligation activities identified in Rows #24-25 81 Tustin Grove - Legal Services Legal 01/01/2014 06/30/2014 City Attorney- Woodruff, project -specific legal services for South Central N Spradlin & Smart, et al. enforceable obligation activities identified in Rows #46-47 82 Tax Allocation Bonds - MCAS Legal 7/1/2014 6/30/2015 City Attorney- Woodruff, project -specific legal services for bond- MCAS Tustin 50,000 N 25,000 $ 25,000 Tustin, Series 2010 - Legal Services Spradlin & Smart, et al. related activities identified in Row# 48 83 Lease between the USA and the Legal 01/01/2014 06/30/2014 City Attorney- Woodruff, project -specific legal services for MCAS Tustin N City of Tustin for Portions ofthe Spradlin & Smart, et al. enforceable obligation activities Former Marine Corps Air Station identified in Row #51 Tustin - Legal Services 84 Lease between the USA and the Legal 01/01/2014 06/30/2014 City Attorney- Woodruff, project -specific legal services for MCAS Tustin N City of Tustin for Parcel 22 of the Spradlin & Smart, et al. enforceable obligation activities Former Marine Corps Air Station identified in Row #52 85 Economic Development Legal 7/1/2014 6/30/2015 City Attorney- Woodruff, project -specific legal services for MCAS Tustin 80,000 N 40,000 $ 40,000 Conveyance (EDC) Application for Spradlin & Smart, et al. enforceable obligation activities Marine Corps Air Station (MCAS) identified in Row #53 Tustin as Amended - Legal Services 86 Coventry Court Regulatory Legal 7/1/2014 6/30/2015 City Attorney- Woodruff, project -specific legal services for MCAS Tustin 5,000 N 2,500 $ 2,500 Agreement & Declaration of Spradlin & Smart, et al. enforceable obligation activities Restrictive Covenants and identified in Row #63 Supplemental Regulatory Agreement - Legal Services 87 Affordable Housing Reimbursement Legal 01/01/2014 06/30/2014 City Attorney- WoodruM project -specific legal services for All N Agreement and Affordable Housing Spradlin & Smart, et al. enforceable obligation activities DDAs - Legal Services identified in Row #71 88 Contract for Maintenance & Erosion Property 12/7/2010 6/30/2015 So Cal Sandbags In accordance with the Economic MCAS Tustin Y $ - Control Maintenance Development Conveyance Agreement, maintenance ofundeveloped portions of the former Marine Corps Air Station, including erosion control 89 Office Lease Agreement Admin Costs 3/1/2007 6/30/2016 PK Larwin Square SC LP Office Lease for Successor Agency All N $ - Operations 90 Housing Entity Administrative Cost Admin Costs 7/1/2014 6/30/2018 Tustin Housing Authority Pursuant to AB 471, filed Feb 18, All 800,000 143,404 $ 143,404 Allowance 2014, housing administrative cost allowance forthe Tustin Housing Authority which assumed the housing duties of the former Tustin Community Redevelopment Agency $ $ $ $ Recognized Obligation Payment Schedule (ROPS) 14-15A - Report of Cash Balances (Report Amounts in Whole Dollars) Pursuant to Health and Safety Code section 34177(1), Redevelopment Property Tax Trust Fund (RPTTF) may be listed as a source of payment on the ROPS, but only to the extent no other funding source is available or when payment from property tax revenues is required by an enforceable obligation. A B C D E F G H I Fund Sources Bond Proceeds Reserve Balance Other RPTTF Prior ROPS RPTTF Bonds Issued Bonds Issued Prior ROPS period distributed as Rent, on or before on or after balances and DDR reserve for next Grants, Non -Admin and Cash Balance Information by ROPS Period 1 12/31/10 01/01/11 balances retained bond payment Interest, Etc. Admin Comments ROPS 13-14A Actuals (07/01/13 -12/31/13) 1 Beginning Available Cash Balance (Actual 07/01/13) Note that for the RPTTF, 1 + 2 should tie to columns J and O in the Report of Prior Period Adjustments (PPAs) 32,202,385 1,476,061 2 Revenue/Income (Actual 12/31/13) Note that the RPTTF amounts should tie to the ROPS 13-14A distribution from the County Auditor -Controller during June 2013 77,905 110,679 5,144,447 3 Expenditures for ROPS 13-14A Enforceable Obligations (Actual 12/31/13) Note that for the RPTTF, 3 + 4 should tie to columns L and Q in the Report 184,091 4,794,058 4 Retention of Available Cash Balance (Actual 12/31/13) Note that the RPTTF amount should only include the retention of reserves for debt service approved in ROPS 13-14A 288,497 5 ROPS 13-14A RPTTF Prior Period Adjustment Note that the RPTTF amount should tie to column S in the Report of PPAs. No entry required 225,389 6 Ending Actual Available Cash Balance C to G = (1 + 2 - 3 - 4), H = (1 + 2 - 3 - 4 - 5) $ 31,807,702 $ $ $ $ 110,679 $ 1,601,061 ROPS 13-14B Estimate (01/01/14 - 06/30/14) 7 Beginning Available Cash Balance (Actual 01/01/14) (C, D, E, G = 4 + 6, F = H4 + F4 + F6, and H = 5 + 6) $ 32,096,199 $ $ $ $ 110,679 $ 1,826,450 8 Revenue/Income (Estimate 06/30/14) Note that the RPTTF amounts should tie to the ROPS 13-14B distribution from the County Auditor -Controller during January 2014 9 Expenditures for 13-14B Enforceable Obligations (Estimate 06/30/14) 10 Retention of Available Cash Balance (Estimate 06/30/14) Note that the RPTTF amounts may include the retention of reserves for debt service approved in ROPS 13-14B 11 Ending Estimated Available Cash Balance (7 + 8 - 9 -10) $ 32,096,199 $ - $ - $ - $ 110,679 $ 1,826,450 ecognlz.d Obl,ga[lon Pay..nt Scbetlul.(ROPS)14-15A-Rep.fM Adjuz[ments Reportbd for the ROPS 1314A (July 1, 2013 through December 31, 2013) PeA od Pursuant to Health Intl Safety Codd (HSC) sd,t on 34136 (I) 11a 1amee��l�wnele ouern ROPS1-14A 'Al PPA 10ompletId by the CAC upon submlttll ofthe ROIS 1415A by the SA to 1 111, Ild rAgency(SA) Self-rep—d Pnor P enotl Adj.st entz(PPA):Pur5ulnt to HSC Secton 34136(1),3 regulretl to report the differences betweenthel1—lavellable funtling Intl thelr actual e IldNlres for the BOPS 134A(July through Oecember 2013) perlod yea pursuant to the minnerin wblcb of eltopm ent Preoperty Tax Trus[ Funtl(RPTTF) Ippro,bd for the ROPS 1415A(July thmµgb Oecember 2014) period wall be offset by the SA's self,bpolbd ROP3 1314A prior period ltlJust—t HSC 3eNon 34186(1)Ilso spddfd, that the prior period l Jus —ts seff+epo.d by SA, Ire subJeR to lut they tblculatz the PPA CAso notz that the dd— —011ts do 11 Iddd to be llstdd It the lane lt5sn level Intl may be Exp.ddit RPTTF E.p—t RPTTF Expentlrturez Ilp, 11 lamoumgsel to tam um usmm iTI) �iift etl lxioialanual pioPsii 314aQi0P5i13F14a pix =.-Z.L,11 ti113J m emtnce b11 sof iaol min»Rl nc pnc�ualung ealaly kAnabsls Fee ecognlz.d Obl,gg,.o Pay..nt Scbetlul.(ROPS)14-15A-Rep.fM Adj.st—ts Rep0rtbd for the ROPS 1314A (July 1, 2013 through December 31, 2013) PeA od Purs—t to I111tlh Intl Safety Codd (HSC) seNon 34136 (I) 11a 1amea��l�wnele Duarn ROPS1-14A 'Al PPA 10omplet1d by the CAC upo0 submlttll 0fthe ROIS 1415A by the SA to 1 101, Ild ROPS rAgency(SA) Self-rep—d Pnor P enotl Adj.st S(PPA):Pursulrlt to HSC S-10034186(1),3 regulr1d to report the differe0cesbetweenthe,1-111111able f11d119 Intl thelr-111e 11dNlres for the BOPS 134A(J11y throogb December 2013) perlod yea pursuant to the m100erin wblsb of ell0pm e0t Preoperty Tax Trus[I—(RPTTF) Ippro,bd for the ROPS 1415A(July thmµgb December 2014) period wall be offset by the SA 's self-rep0lbd BOPS 1314A prior period ItlJust—t HSC Sesto0 34186(I)IIs0 spddfd, that the prior period IJus —ts seff+ep0.d by SAS Ire subject to Iut they tblsulatb the PPA CAs0 0otb that the dd— amounts do 00 Iddd to be llstdd It the llneltes0 leyel b,d may be Exp.ddit RPTTF E.p—t RPTTF Expentlrturez m lamou"p,1 to tam um usm iTI) �iift etl lxmialanual pioPsii 314-QioPsii3F14a pix =.-Z. 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