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Home My WebLink AboutRecognized Obligation Payment Schedule 14-15ARecognized Obligation Payment Schedule (ROPS 141SA) - Summary Filed for the July 1. 2014 through Decerrhber 31 2014 Period Name of Successor Agency. Tustin Name of Cohysryr Orange C urent Period Requested Funding for Outstanding Debt or 2nILOM 6tx-ltonth Total Enforceable Obligations Funded with Non4tedeveioprhlert Property Tax Trust Fund ( RPTTF) 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- Admihrstrative Costs (ROPS Detail) 14.310,463 G Adntirmstrative Costs (RODS Detail) 572,718 H Current Period Enforceable Obligations (A+E)_ S 14,859,681 Successor AgfincY Sstf -R ed Prior Period Ad ustmeat to Curram Period RPTTF Requested Funding I Enforceable Obligations funded with RPTTF (E). 14.883.181 J Mess Prior Period Actrstnient (Report of P Kw Period Adtustrnerts Cofurm 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 Oblig" fwlded with RPTTF (E)- 14.883,151 M Less Prior Period Adjlhsbrherht (Report of Prior Period Adthrsftwft Cogmn AN N Adjusted Currant Period RPTTF Requested Fhrndkhg 11-40) 14,803,181 Cerblicatian of Oversight Board Chairman' Pusuuanl to Section 34177(m) of the Health and Safety code, l hereby certify t hat 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 M H 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 ofthe 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 8 Fees 1119/2010 9/1/2039 Applied Best Practices; Continuing disclosure services for All 4,350 N 1,350 $ 1,350 arbitrage services Willdan 8 Associates 2010 Housing bonds and arbitrage services. 7 Direct Project Related Costs Project Management 7 /1/2014 12/31/2014 Formeremployees funded ANNUAL Payroll foremployees 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 fordirect are performing project related activities project su pport involving the enforceable obligations listed on Rows #10 416, Rows #22- #34, Rows #45-747, 8 Rows #51 463. 8 PIERS liability (annually adjusted) Unfunded Liabilities 7/1/2014 6/30/2015 City of Tustin Employees funded by the Successor All 140.518 N $ - Agencythatperform Successor Agency activities. The liability is reviewed annually and may increase or decrease based on a vanety of economic and actuanal assumptions. 9 Bank Analysis Fees Fees 7/1/2014 6/30/2015 Bank of Amenca Fees Charged by ban k for trans actions All N $ - 10 Payment in Lieu of Taxes Project Management 10/1/1999 6130/2015 City of Tustin Agency monitors to insure receipt of All N $ - A reement- Flanders Pointe Costs annual payment 11 Payment in Lieu of Taxes Project Management 8/13/1998 6130/2015 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 6130/2015 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 6130/2015 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 M 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 Hentage Place Loan Agreement Project Management 4/12/2007 6130/2015 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 6130/2015 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 6130/2015 Su ccessor Agen cy In accordance with California Health All 200,000 N $ - Dispositions and Safety Code Section 34117(e) the Successor Agency is responsible for disposing of assets and properties as directed by the Oversight Board pu rsuant to su bvision a of Section 34181. The Successor Agency will incurcosts associated with the transfer of assets including but not limited to es crow 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 Centerduring the period of 1986-1992. 19 Tax Allocation Refunding Bonds Bonds Issued On or 7/1/1998 1211/2016 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 1211/2016 US Bank administration of bond activities Town Center 3,300 N 3,300 $ 3,300 21 Continuing disclosure & arbitrage Fees 1119/2010 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 22Contract 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 6130/2015 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 CCBRs. In addition, Conditions, Restnctions and Association there are one -time, deferred Reservations maintenance repairs that will be determined by the structural engineering assessment. The costs associated Wth 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 M 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 6130/2015 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 6130/2015 Redevelopment Agency Agency monitors to ensure the 1 first Town Center N $ - Note Costs time h ome buyer u nit 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 of the LMIHF. 26 Makena DDA Project Management 10/19/2004 6130/2015 Redevelopment Agency Monitonng 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 6130/2015 Redevelopment Agency Monitonng to insure developer is in Town Center N $ - costs compliance with contractual obligations. 28 Plaza Lafayette DDA Project Management 7/2/1985 6130/2015 Redevelopment Agency Monitonng to insure developer is in Town Center N $ - costs compliance with contractual obligations. 29 Ford Commercial Rehab DDA Project Management 9/15/1998 6130/2015 Redevelopment Agency Monitonng to insure developer is in Town Center N $ - costs compliance with contractual obligations. 30 Micro Center DDA Project Management 11/2111994 6130/2015 Redevelopment Agency Monitonng to insure developer is in Town Center N $ - costs compliance with contractual obligations. 31 Thompson Building OPA Project Management 6 /6/1994 6130/2015 Redevelopment Agency Monitonng to insure developer is in Town Center N $ - costs compliance with contractual obligations. 32 ENA Deposit Project Management 6/27/2011 6130/2015 General Motors Reimbursement of Good Faith Deposit Town Center N $ - costs 33 Potted Plants Agreements (17) Project Management 6/27/2011 6130/2015 Redevelopment Agency Monitonng to insure seventeen 17 Town Center N $ - costs agreements are in compliance with contractual obligations. 34 Prospect Village DDA Project Management 6/21/2004 6130/2015 Redevelopment Agency Monitonng 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 M 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 City/County Loans 06/07/1993 06/30/2030 City of Tustin Onginal Loan amountto the Agency in South Central ,934,993 N 5,190,371 Central Redevelopment Project On or Before 6/27/11 1993 was initially estimated to be $33,500,000 for the N ewport Aven ue Extension (Newport Underpass) to Edinger Avenue. The interest rate is .5% above the City's average yield on investments. Repayment of the loan is based on City- funded Phase 1 work (Capital Improvement Program - CIP 7013 0) 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 Wont of the 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 of the Oversight Board of the actual increased costs of the 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 AmendmentArea and or retired bonds or other indebtedness for su ch 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 M H 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 forconstmction of facilities within the South Central AmendmentArea and or retired bonds or other indebtedness for su ch 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 11/2512008 6130/2015 Psomas Engineenng Mapping and survey services South Central N $ - Reconfiguration Services 40 Newport Av./SR55 NB Ramp Professional 1/26/2010 6130/2015 AndersonPenna Program management services South Central N $ - Reconfiguration Services 41 Newport Av. Extension, N/O Edinger Professional 2/2/2010 6130/2015 Dokken Engineenng Final design services South Central N $ - Av. Services 42 Newport Av. Extension, N/O Edinger Professional 10/8/2010 6130/2015 Nuvis Landscape design services South Central N $ - Av. Services 43 Newport Av. Extension, N/O Edinger Professional 12/16/2007 6130/2015 Morrow Management Dry Utility design and coordination South Central N $ - Av. Services services 44 Newport Av. Extension, N/O Edinger Professional 1/26/2010 6130/2015 AndersonPenna Program management services South Central N $ - Av. Services 45 CBS Outdoor Billboard Project Management 12/19/1994 6130/2015 Redevelopment Agency Monitonng to insure licensee is in South Central N $ - costs compliance with contractual obligations. 46 Tustin Grove Promissory Notes and Project Management 1/1/1996 6130/2015 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 Monitonng 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 Allocation Bonds - 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, Senes 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 M 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 management and remediation. Direct project related staffing costs only associated Wth asset management and disposal under the LIFOC are listed in Row V. 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. 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 management and remediation. Direct project related staffing costs only associated wth asset management and disposal under the LIFOC are listed in Row V. 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 G. $ - Conveyance (EDC) Application for Maintenance the conveyance of the 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 wth asset management and disposal underthe EDC are listed in Row V. Contractual response costs for all other responsibilities underthe 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 D. Services 56 Contract for Planning Services Professional 9/7/2010 6/30/2015 SMS Architects Implementation Plan and Strategy MCAS Tustin G. $ - Services 57 Contract for Engineering Services Professional 09/07/2010 06/30/2014 Hunsaker &Associates Disposition Strategy & mapping MCAS Tustin D. 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 M 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 Contractfor Financial Analysis Professional 1/4/2011 6130/2015 David Taussig & Associates financial advisoryservices associated MCAS Tustin 12,750 N 8,000 $ 8,000 Services with determining distribution of assessments assoicated Wth background infrastructure costs 59 Newport/SR -55 Gateway Master Professional 9/9/2010 6130/2015 RBF Consulting Preparation of Gateway Master plan MCAS Tustin N $ - plan & landscape improvements Services and design of landscape improvements 60 Website Hosting Agreement Miscellaneous 1218/2010 6/30/2015 Commpro, LLC Website hosting for the MCAS Tustin MCAS Tustin 1,800 N 1,800 $ 1,800 website (Annual) 63 Coventry Court Regulatory Project Management 9/30/2010 6130/2015 Redevelopment Agency Agency monitors receipt of payment in MCAS Tustin N $ - Agreement & Declaration of Costs lieu oftaxes as well as developers 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 Contractfor Environmental Services Professional 11/16/2010 6130/2015 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 6130/2015 NMG Construction of Tustin Ranch Road MCAS Tustin N $ - Services Phase 1 Grading & Storm Drain (contract may be amended to complete future bond — ate d projects) 66 Contract for Construction Improvement/Infrastr 5 /3/2011 6130/2015 Parsons Transportation Constru ction management forTustin MCAS Tustin N $ - Management ucture Group Ranch Road (Phase 1 and 2) 67 Contractfor Environmental Services Professional 11/2/2010 6130/2015 Vandermost Consulting Regulatory Agency consulting MCAS Tustin N $ - Services 686th Amended Agmt for Admin Costs 8128/2012 6/30/2015 Employees funded by the Administrative Budget foremployees, 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 (j) 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 amountwillfiu ctuate 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 M H 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 69 3rd Amended Agmtfor PA/DDA /Constructi 0828/2012 06/30/2014 City of Tustin Phase 2 Tustin Ranch Roa Reimbursement of Costsand on Improvements Project City/Admin Agency Operations oan between the SA/City pursuant to California HSC Section 34180 (e). 70 Direct Project - related costs Project Management 1/1/2014 6/302015 Employees that perform Annual Payroll for employees MCAS Tustin 153.000 N 76.500 $ 76,500 associated with MCAS Tustin Tax Costs direct project - related supporting Bond Covenanted projects Allocation Bonds, Senes 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 61302030 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 Agen cy for the purpose of reimbu icing Between City and Agency the City for assisting the Agency in carrying out its affordable housing obligations at Tustin Field 1 811. 72 South Central Project Area Loan City/County Loans 9/2/2008 61302030 City of Tustin Project purposes loan. Amount is South Central 4.650.000 N $ On or Before 6/27/11 derived from Appendix D of the 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 September2, 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 Attomey -Woodruff, project - specific legal services forbond- All 10.000 N 5,000 $ 5,000 Senes 2010 -Legal Services Spradlin 8 Smart (including related activities identified in Row #1 Stradling Yocca Cadson 8 Rauch; Remy, Thomas, Moose 8 Manley; Waters 8 Company; Jeanette Justus; Arbmster Goldsmith 8 Delvac LLP; Cappello 8 N-I LLP; and Kutak Rock) 74 Olson DDA/Arbor Walk- Legal Legal 7/1/2014 6/30/2015 City Attorney - Woodmff, project - specific legal services for All 10,000 N 5,000 $ 5,000 Services Spradlin 8 Smart, et al. enforceable obligation activities identified in Rows #12 -13 75 Hentage PlaceDDA/Loan Legal 7/1/2014 6/30/2015 City Attorney - Woodmff, project - specific legal services for All 5,000 N 2,500 $ 2,500 Agreement - Legal Services Spradlin 8 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 - Woodmff, project - specific legal services for All 5,000 N 2,500 $ 2,500 Rehabilitation Loans - Legal Spradlin 8 Smart, et al. enforceable obligation activities Services identified in Row #16 77 Town Center Housing Deficit Legal 7/1/2014 6/30/2015 City Attorney - Woodmff, project - specific legal services for Town Center 5,000 N 2,500 $ 2,500 Reduction Plan - Legal Services Spradlin 8 Smart, et al. enforceable obligation activities identified in Row #18 78 Tax Allocation Refunding Bonds Legal 7/1/2014 6/30/2015 City Attomey- Woodmff, project - specific legal services for bond- Town Center 5,000 N 2,500 $ 2,500 1998 (Town Center) -Legal Spradlin 8 Smart, et a1. 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 M H 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 Legal 01/01/2014 06/302014 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 06/302014 City Attomey - Woodmff, project - specific legal services for Town Center k 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 #4647 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 S G .. 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 06/302014 City Attorney - Woodmff, project - specific legal services for MCAS Tustin N City of Tustin for Portions of the 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 06/302014 City Attorney - Woodmff, 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 S 4J JJJ Conveyance (EDC) Application for Spradlin & Smart, et al. enforceable obligation activities Marne 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 - Woodmff, project - specific legal services for MCAS Tustin L 2 = S 2 Agreement & Declaration of Spradlin & Smart, et al. enforceable obligation activities Restnctive Covenants and identified in Row #63 Supplemental Regulatory Agreement - Legal Services 87 Affordable Housing Reimbursement Legal 01/01/2014 06/302014 City Attorney - Woodmff, project - specific legal services for I pr k 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 6/302015 So Cal Sandbags In accordance with the Economic MCAS Tustin - $ - Control Maintenance Development Conveyance Agreement, maintenance of undeveloped portions of the former Marne Corps Air Station, including erosion control 89 Office Lease Agreement Admin Costs 3/1/2007 61302016 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 Auttionty Pumuantto AB 471, filed Feb 18, All 800.000 143,404 $ 143,404 Allowance 2014, housing administrative cost allowance forthe Tustin Housing Authontywhich assumed the housing duties ofthe 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 07/01113) 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 12131113) 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 12131113) 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 (01101114 - 06130114) 7 Beginning Available Cash Balance (Actual 01101114) (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 06130114) 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 06130114) 10 Retention of Available Cash Balance (Estimate 06130114) 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 aec dim doellytr Payment SOhedwe(aoPS)te- tsA -RePOm dr Adjustments Reported rortne _PS ta-t4n (Jury t, snt3 tnmugn osemher at, z6ta) Pemd Pursuant to I-Ith ana Snrey cone (nsc) section 30186 (a) (Rmon Arriooma inwmie �O��r :� S"1111111 Agenry(SA)SHttep —Pdor Peddd Adjusmxnts(PPAyPersea.t to tlSC Section 30' 186 (a), SPSare required to report themrtaen between thee— I — dal,le rendin g and ihetracmal expenditures torihe BOPSt 4A (Jury thmegh cecemhe1- 3)pemd.T ROPS 1144A evebvmem Preoperty Tax Tm Fnnd(RI— F�dppmval for the SOPS t4'15.4(JUy tnmugn IJecemher 20'149 I—w ill he ortset Mthe S4's sere - reported ROPS'11'144 Pm I—adjustmem. ISC Section 30te6(a)a6o spanres that ine pion1—adjustments s�X-reponed q�S4s are s 'tmo au R Al he CAC upon suhmXlal ovine IxoPS'14 -15.4 by the SA to Finance ana OPS .11==2L level pursuanito the mannerin which theyc t.Ime the PPA� Al- note that ine admanano.nis do not ne¢d to he lrsted at ine line nem level ana may he Protem Xanel Expenditures RPIF Expenditures RPIF Expenditures Innmount acre to 'PI-11) (Amoom ueee ro R-) (Raps 3Fia4 �it31 d (rc KS kessminan L, memlce (BOPS 13-1M Iit31 d (rctotael atlas eml ce xet (O8'nce d_ E IpopeM pnciudng�sdary snlnde ana 11 amb Rehah�ttauo - - - - - - - 11 =lTz- R2 U 20 FW�tl_FeV - - - a..o 3, 3, 1.0 - - 21.0 000 Rec dlm doellytr Payment SOhedwe(aoPS) te- tsA - RePe Aajustments Reported rortne _PS ta-t4n (Jury t, snt3 tnmugn osemher at, z6ta) Pemd Pursuant to I-Ith ana —try cone (nsc) sestlon 30186 (a) (ReponAmoome iowmie �O��r :� S"1111111 Agenry(SA)SHttep —Pnor PenaU Aejusmxnts(PPAyPersea.t to tlsc 3ectlon 30' 186 (a), SPSare regelred to report themrtaen between thee— I — dal,le tdndln g and ihetracmal expendltems torihe BOPSt 4A (Jury thmegh cecemhe1- 3)pemd.T ROPS 1144A evebvmem Praoperty Tax Tmst Fnnd(RI— F�dppmval for the SOPS t4'15.4(JUy tnmugn IJecemher 20'149 I—w 111 he ortset Mthe S4's sere - reported ROPS'11'144 Pm I—adjustmem. ISC Sect1on 30te6 (a)a6o s da that ine pion1—adjustments s�X-reponed q�S4s are s 'tmo au he CAC upon suhmXlal otine IxoPS'14 -15.4 by the SA to Fnance ana OPS R Al .11==2L level pursuanito the mannerin which theyc telme the PPA� Al- note that ine admananoenis do not ne¢d to he lrsted at ine line nem level ana may he Protem Xanel Ex d,tures RPIF FxWd,t.— RPIF ExWdlt.— In�mount usm to (Amoom ueee ro tm —)nX) (ROPE 13-10A �it31 a (rc KS kess�inan L, memlce (BOPS 13-1M �it31 rc (rctotael atlas eml ce xet (O8'nce =211V wA (Secs o3 985 (SecllonP33401 ndu(9�ep�nle9e 1985)me �, LT-1 41 TA d 2010 11 le Clryh, he eTry of I, All - - - - - - - (EO Appll�lmn m for p mGS aec dim doellytr Payment SOhedwe(aoPS)te- tsA -RePOm dr Adjustments Reported rortne _PS ta-t4n (Jury t, snt3 through osemher at, z6ta) Pemd Pursuant to I-Ith ana —try cone (nsc) section 30186 (a) (Reponarriooma iowmie �O��r :� S"1111111 Agenry(SA)SHttep— Pdor Peddd Adjusmxnts(P.1 —.ant to tlSC Section 30' 186 (a), SPSare required to report themrtaen between thee— I — dal,le rendin g and ihetracmal expenditures torihe BOPSt 4A (Jury through cecemher20t3)pemd.T ROPS 1144A evebvmem Preoperty Tax Tm Fnnd(RI— F�dppmval for the BOPS '14- '15.4(JOyth..ghl]ecemcer2M4) I—w ill ceortset Uy the S4's sere - reported ROPS'11'144 vnorpemd adjusimem. tlsc section 34'186(a)alw spanres that ine-1 pure - adjustments serc-reponea q�S4sare s 'tmo au he CAC upon suhmXlal ovine IxoPS'14 -15.4 by the SA to Finance ana OPS R Al .11==2L level pursuanito the mannerin which theyc taste the PPA� Al- note that ine adman anounis ao t ine hne nem level ana mayce Protem Xanel Expenditures RPIF Expenditures RPIF Expenditures In�mount acre to 'PI-11) (Amoom ueee ro R-) piaPS 3Fta4 �it31 d (rc KS kessminan L, memlce (BOPS 1it0a Iit31 d (rctotael atlas eml ce xet (O8'nce 12 111 R11, 111, 14 111,1111, to, 11 1�d saltily calory 0 (e 10 W - (Induang 33ary enq'oyees�s of to 11 Alo- 12 rh—al 010 "1 - - - 250o 2 2 2, 2 a�mH Renanultatio - - - 2w0 2 2 2 2 - - - 2000 2 2 2 2 eeeaRowacedcl 2, 2 2 aec dim doellytr Payment SOhedwe(aoPS)te- tsA -RePOm dr Ad).Stments Reponea rortne _PS ta-t4n (Jury t, snt3 tnmugn osemher at, z6ta) Perm Pursuant to I-Ith ana safety cone (nsc) section 30186 (a) (Rmon Arriooms iowmie �O��r :� S"1111111 Agenry(SA)SHttep —Pdor Peddd Ad)usm�ents(PPAyPUrsua.t to tlSC Section 30' 186 (a), SPSare required to report themrtaen between ihel— I — dal,le fundin g and ihetractual expenditures forihe BOPSt 4A (Jury through cecemher28t3)pemd.T ROPS 1144A evebvmem Preoperty Tax Tm Fnnd(RI— F�dppmval for the R0PS t4'15.4(JUy tnmugn IJecemher 28'149 I—w ill he ortset Mthe S4's sere - reported ROPS'11'144 Pm I—adjusimem. tlSC Section 30te6(a)a6o spanres that ine pion1— adjusimen6 seX-reponed q�S4s are sugecimo au R Al he CAC upon suhmXlal ovine IxoPS'14 -15.4 by ine SA to Finance ana OPS .11==2L level pursuanito the mannerin which they c tulme the PPA� Al- note that ine admananoun6 do not ne¢d to he lrsted at ine line nem level ana may he Protem Xanel Expenditures RPIF Expenditures RPIF Expenditures In�mount acre fo nX) tAiaoom ueeem )fm (Raps 3Fia4 �if31 d Irc KS kess�inan L, memlce (BOPS 13-1M �it31 d Ircfotael atlas eml ce xef (O8'nce - - - 2500 2 2 2 2 - - - 2500 2 2 00 2 C of m (FI APgl�imn foOC r pi,GrI 2, 2500 2500 Recognized Obligation Payment Schedule 14 -15A - Notes July 1. 2014 through December 31, 2014 Item # I Notes /Comments 35 On January 28, 2014, the Oversight Board to the Successor Agency amended and reinstated the Public Works Agreement and the amount owed is $25,934,993 On January 28, 2014, the Oversight Board to the Successor Agency amended and reinstated the Affordable Housing Reimbursement Agreement and the amount 71 owed is $16,393,177 72 The South Central Project Area Loan is pending the Oversight Board amending and reinstating the Loan and the amount owed is $4,650,000 70 Direct project - related costs associated with the use of WAS Tustin Tax Allocation Bonds are pending.