HomeMy WebLinkAbout02 RECOGNIZED OBLIGATION PAYMENT SCHEDULEAgenda Item 2
AGENDA REPORT
Oversight Board of the Successor Agency to the
Tustin Community Redevelopment Agency
MEETING DATE: FEBRUARY 24, 2015
SUBJECT /ACTION: ADOPT OVERSIGHT BOARD RESOLUTION NO. 15 -03,
APPROVING THE RECOGNIZED OBLIGATION PAYMENT
SCHEDULE 15 -16A FOR THE PERIOD OF JULY 2015
THROUGH DECEMBER 2015
RECOMMENDATION / PROPOSED ACTION
It is recommended the Oversight Board of the Successor Agency to the Tustin
Community Redevelopment Agency adopt Oversight Board Resolution No. 15 -03,
approving the Recognized Obligation Payment Schedule 15 -16A ( "ROPS 15 -16A ") for
the period of July 1, 2015 through December 31, 2015, and authorize submission of the
ROPS 15 -16A to the Department of Finance ( "DoF ") by March 3, 2015, subject to the
following conditions:
a) The Oversight Board and the Successor Agency reserve all rights to seek payment
for any obligations removed by the Department of Finance ( "DoF ") from ROPS 15-
16A; and
b) Should any subsequent modifications be required to ROPS 15 -16A, the Executive
Director and /or Finance Director, or their authorized designee, shall be authorized to
make any augmentation, modification, additions or revisions as may be necessary
subject to certification by the Oversight Board Chair.
(Note: Pursuant to AB 1484 - amended California Health and Safety Code (HSC) Section
34177(m), the above actions by the Oversight Board shall not become effective for
forty -five (45) business days 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.)
BACKGROUND
Assembly Bill 1X 26, the "Dissolution Act ", as modified by the California Supreme
Court's decision in California Redevelopment Association, et al. v. Matosantos
( "Matosantos "), requires the Successor Agency to prepare a Recognized Obligation
Payment Schedule (ROPS) looking forward to the six month period covering July 1,
2015 through December 31, 2015, subject to Oversight Board approval.
The DoF has given the ROPS a naming convention of 15 -16A and 15 -16B for fiscal
year 2015 -16 with "A" representing the first half of the fiscal year. ROPS 15 -16A lists all
enforceable obligations that are legally binding and enforceable agreements or
Agenda Report
February 24, 2015
Page 2
contracts of the former Tustin Community Redevelopment Agency including those
necessary for the continued administration of the Successor Agency to wind down the
former Agency.
Pursuant to the AB 1484 - amended Dissolution Act (HSC 34177(I)(2)(B)), the Successor
Agency is now required to submit a copy of the ROPS to the County Administrative
Officer, the County Auditor - Controller, and the DoF at the same time that the Successor
Agency submits the ROPS to the Oversight Board for approval. ROPS 15 -16A was
approved by the Successor Agency at their regular meeting on February 17, 2015.
Upon approval by the Oversight Board, a copy will be submitted to the County Auditor -
Controller, the State Controller's Office and the DoF and posted on the Successor
Agency's website.
ROPS 15 -16A includes a form that reconciles estimated expenditures for the period of
July 1, 2014 through December 31, 2014 with the actual expenditures. The Finance
Department is currently closing out the ROPS expenditure period and there could be
adjustments between the submission of the ROPS to the Oversight Board and the
submission to the DoF by March 3, 2015. Authorization is requested to allow the
Successor Agency's Executive Director and /or Finance Director to augment, modify,
add or revise the document as may be needed prior to submitting to the DoF. In
addition, authorization is requested, in response to the DoF or County Auditor - Controller
comments, to allow the Successor Agency's Executive Director and /or Finance Director
to augment, modify, add or revise the document as may be needed.
Staff will be available to answer any questions the Oversight Board may have.
Attachment: Oversight Board Resolution No. 15 -03
OVERSIGHT BOARD RESOLUTION NO. 15 -03
A RESOLUTION OF THE OVERSIGHT BOARD OF THE
SUCCESSOR AGENCY TO THE TUSTIN COMMUNITY
REDEVELOPMENT AGENCY APPROVING THE
RECOGNIZED OBLIGATION PAYMENT SCHEDULE 15 -16A
( "ROPS 15 -16A ") 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 City 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 Section 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
Oversight Board Resolution 15 -03
Page 1 of 3
On February 17, 2015, the Successor Agency approved the Recognized Obligation
Payment Schedule 15 -16A ( "ROPS 15 -16A ") for the period of July 1, 2015 through
December 31, 2015; and
The Oversight Board has duly considered all other related matters and has determined
that the Board's approval of BOPS 15 -16A 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 BOPS 15 -16A attached hereto as Attachment
No. 1 and incorporated herein, and further authorizes 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 adoption of this
Resolution.
APPROVED AND ADOPTED this 24th day of February, 2015.
Doug Davert, Chairman
Oversight Board of the Successor Agency to the
Tustin Community Redevelopment Agency
ATTEST:
Charles E. "Chuck" Puckett, Secretary
Oversight Board of the Successor Agency to the
Tustin Community Redevelopment Agency
Oversight Board Resolution 15 -03
Page 2 of 3
STATE OF CALIFORNIA )
COUNTY OF ORANGE )SS
CITY OF TUSTIN )
I, CHARLES E. "CHUCK" PUCKETT, 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. 15 -03 was duly passed and adopted at a regular meeting of the
Oversight Board, held on the 24th day of February, 2015, by the following vote:
BOARD MEMBER AYES:
BOARD MEMBER NOES:
BOARD MEMBERS ABSTAINED:
BOARD MEMBERS ABSENT:
Charles E. "Chuck" Puckett, Secretary
Oversight Board of the Successor Agency to the
Tustin Community Redevelopment Agency
Attachment No. 1 — Recognized Obligation Payment Schedule 15 -16A (July — December
2015)
Oversight Board Resolution 15 -03
Page 3 of 3
ATTACHMENT NO. 1
RECOGNIZED OBLIGATION PAYMENT SCHEDULE 15 -16A
(July — December 2015)
Recognized Obligation Payment Schedule (ROPS 15 -16A) - Summary
Filed for the July 1, 2015 through December 31, 2015 Period
Name of Successor Agency: Tustin
Name of County: Orange
Current Period Requested Funding for Outstanding Debt or Obligation
Six -Month Total
Enforceable Obligations Funded with Non - Redevelopment Property Tax Trust Fund ( RPTTF) Funding
A
Sources (B +C +D):
$
76,500
B
Bond Proceeds Funding (ROPS Detail)
76,500
C
Reserve Balance Funding (ROPS Detail)
-
D
Other Funding (ROPS Detail)
-
E
Enforceable Obligations Funded with RPTTF Funding (F +G):
$
5,711,342
F
Non - Administrative Costs (ROPS Detail)
5,461,342
G
Administrative Costs (ROPS Detail)
250,000
H
Current Period Enforceable Obligations (A +E):
$
5,787,842
Successor Agency Self- Reported Prior Period Adjustment to Current Period RPTTF Requested Funding
I
Enforceable Obligations funded with RPTTF (E):
5,711,342
J
Less Prior Period Adjustment (Report of Prior Period Adjustments Column S)
-
K
Adjusted Current Period RPTTF Requested Funding (W)
$
5,711,342
County Auditor Controller Reported Prior Period Adjustment to Current Period RPTTF Requested Funding
L Enforceable Obligations funded with RPTTF (E): 5,711,342
M Less Prior Period Adjustment (Report of Prior Period Adjustments Column AA) -
N Adjusted Current Period RPTTF Requested Funding (L -M) 5,711,342
Certification of Oversight Board Chairman
Pursuant to Section 34177 (m) of the Health and Safety code, I
hereby certify that the above is a true and accurate Recognized Name
Obligation Payment Schedule for the above named agency.
/s/
Title
Signature Date
Recognized Obligation Payment Schedule (ROPS 15 -16A) - ROPS Detail
July 1, 2015 through December 31, 2015
(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
$ 71,879,847
$ 76,500
$ -
$ -
$ 5,461,342
$ 250,000
$ 5,787,842
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
22,010,000
N
1,305,403
$ 1 305 403
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
$ -
Mcllon
annually]
3
Continuing disclosure services &
Fees
1/19/2010
9/1/2039
Applied Best Practices;
Continuing disclosure services for
All
4,350
N
2,900
$ 2,900
arbitrage services
Willdan & Associates
2010 Housing bonds and arbitrage
services.
8
PERS 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.
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
$ -
A reement -Orange Gardens
Costs
annual payment (Agreement w /Cit
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.
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 Developerfor
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.
Recognized Obligation Payment Schedule (ROPS 15 -16A) - ROPS Detail
July 1, 2015 through December 31, 2015
(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
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 Dispositions
07/01/2014
06/30/2015
Suc ssor Agency
In accordance with California Health
All
$
and Safety Code Section 34117(e) the
Successor 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
0
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
05/01/2000
06/30/2015
Agency's Town Center
Repayment for Town Center Housing
Town Center
$ -
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
3,120,000
N
1,601,007
$ 1,601,007
1998 (Town Center)
Before 12/31/10
projects. Total outstanding debt
includes principal and interest.
20
Fiscal A ent Fees - TA Bond 1998
Fees
1/19/2010
12/1/2016
US Bank
administration of bond activities
Town Center
3,300
N
$
21
Continuing disclosure & arbitrage
Fees
1/19/2010
12/1/2016
Applied Best Practices;
Continuing disclosure & arbitrage
Town Center
5,000
N
1,100
$ 1,100
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
-
Y
$ -
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
10,000
$ 10,000
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.
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 of the LMIHF.
Recognized Obligation Payment Schedule (ROPS 15 -16A) - ROPS Detail
July 1, 2015 through December 31, 2015
(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
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 15 -16A) - ROPS Detail
July 1, 2015 through December 31, 2015
(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
City /County Loans
06/07/1993
06/30/2030
ity of Tustin
Original Loan amount to the Agency in
South Central
$ -
Central Redevelopment Project
On or Before 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 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 ofthe 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 after the 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
Pay ments made to date.
Recognized Obligation Payment Schedule (ROPS 15 -16A) - ROPS Detail
July 1, 2015 through December 31, 2015
(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 after the 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.
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 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
41,040,000
N
1,852,138
$ 1,852,138
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
$ -
Mcllon
50
Continuing disclosure services &
Fees
9/7/2010
9/1/2040
Applied Best Practices;
Continuing disclosure services for
MCAS Tustin
121,500
N
2,900
$ 2,900
arbitrage services
Willdan & Associates
2010 MCAS bonds & arbitrage
services
Recognized Obligation Payment Schedule (ROPS 15 -16A) - ROPS Detail
July 1, 2015 through December 31, 2015
(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
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 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 in clu des asset
management and disposal, property
management and remediation. Direct
project related staffing costs only
associated with asset management
and disposal underthe LIFOC are
listed 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
Navy.
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 in clu des asset
management and disposal, property
management and remediation. Direct
project related staffing costs only
associated with asset management
and disposal underthe LIFOC are
listed 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
Navy.
53
Economic Development
Property
5/13/2002
9/1/2040
Redevelopment Agency
Obligations of City required by Navy in
MCASTustin
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
Navy.
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
36,479
N
15,000
$ 15,000
Services
57
Contract for Engineering Services
Professional
09/07/2010
06/30/2014
Hunsaker & Associates
Disposition Strategy & mapping
MCAS Tustin
N
$ -
Services
services
58
Contract for Financial Analysis
Professional
1/4/2011
6/30/2015
David Taussig & Associates
financial advisory services associated
MCAS Tustin
7,400
N
4,000
$ 4,000
Services
with determining distribution of
assessments associated with
background infrastructure costs
Recognized Obligation Payment Schedule (ROPS 15 -16A) - ROPS Detail
July 1, 2015 through December 31, 2015
(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
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 of taxes 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.
67
Contract for Environmental Services
Professional
11/2/2010
6/30/2015
Vandermost Consulting
Regulatory Agency consulting
MCAS Tustin
N
$ -
Services
68
8th Amended Agmt for
Admin Costs
8/28/2012
6/30/2015
Employees funded by the
Administrative Budget for employees,
All
250,000
N
250,000
$ 250,000
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 of the Successor
California HSC Section 34177 0)
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 amount will fluctuate
annually. The Adminstrative Budget
was calculated in accordance with
California Health and Safety Code
Section 34171(b), 3% of the property
tax allocated to the Successor Agency
for FY 2011 -2012.
693rd
Amended Agmt for
OPA /DDA /Constructi
08 /28/2012
06/30/2014
City of Tu stin
Phase 2 Tustin Ranch Road
N
$ -
ReimbursementofCostsand
on
Improvements Project
City /Admin Agency Operations Loan
between the SA /City pursuant to
alifornia 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 Tustin
153,000
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
06/05/2007
06/30/2030
City of Tustin
Initial Agreement between the
N
$ -
Agreement and First Amendment
On or Before 6/27/11
Agency for the 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.
Recognized Obligation Payment Schedule (ROPS 15 -16A) - ROPS Detail
July 1, 2015 through December 31, 2015
(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
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
584,394
$ 584,394
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
Hou sing 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
Town Center Housing Deficit
Legal
71112014
613012015
City Attorney- Woodruff,
project - specific legal services for
Town Center
10,000
N
5,000
$ 5,000
Reduction Plan - Legal Services
Spradlin & Smart, et al.
enforceable obligation activities
identified in Row #18
78
Tax Allocation Refunding Bonds
Legal
7/1/2014
6/30/2015
City Attorney- Woodruff,
project - specific legal services for bond-
Town Center
5,000
N
2,500
$ 2,500
1998 (Town Center) - Legal
Spradlin & Smart, et al.
related activities identified in Row #19
Services
79
Stevens Square Parking Garage
Legal
01/01/2014
06/30/2014
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
30,000
N
15,000
$ 15,000
Tustin, Series 2010 - Legal Sery ices
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 of the
Spradlin & Smart, et al.
enforceable obligation activities
Former Marine Corps Air Station
identified in Row #51
Tustin - Legal Services
Recognized Obligation Payment Schedule (ROPS 15 -16A) - ROPS Detail
July 1, 2015 through December 31, 2015
(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
84
Lease between the USA and the
01/01/2014
06/30/2014
City Attorney- Woodruff,
project - specific legal services for
MCAS Tustin
$ -
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
ventry Court Regulatory
Legal
7/1/2014
6/30/2015
City Attorney- Woodruff,
project - specific legal services for
MCAS Tustin
10,000
N
5,000
$ 5,000
Areement & Declaration of
Spradlin & Smart, et al.
enforceable obligation activities
Rstrictive Covenants and
identified in Row #63
Spplemental Regulatory
A Legal Services
87Affordable
Housing Reimbursement
Legal
01/01/2014
06/30/2014
City Attorney - Woodruff,
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
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 Admin istrative Cost
Housing Entity
07/01/2014
06/30/2018
Tustin Housing Authority
Pursuantto AB 471, fled Feb 18,
N
$ -
Allowance
Admin Cost
2014, housing administrative cost
allowance for the Tustin Housing
Authority which assumed the housing
duties ofthe former Tustin Community
Redevelopment Agency
91
Bond Proceeds Expenditure
Bonds Issued On or
6/24/2014
6/30/2016
City of Tustin
In order to facilitate the use of Excess
Y
$ -
Agreement
Before 12/31/10
Bond Proceeds consistent with all
applicable bond covenants, the
Successor Agency and the City have
negotiated the transfer of current and
future excess bond proceeds by the
Successor Agency to the City on
January 1, 2015. The Oversight Board
approved this Agreement in June 2014
and OB Resolution No. 14 -14 was
approved by the Department of
Finance on August 5, 2014.
92
N
$
93
N
$
94
N
$
95
N
$
96
N
$
97
N
$
98
N
$
99
N
$
100
N
$
101
N
$
102
N
$
103
N
$
104
N
$
105
N
$
106
N
$
107
N
$
108
N
$
109
N
$
110
N
$
111
N
$
Recognized Obligation Payment Schedule (ROPS 15 -16A) - 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. For tips on how to complete the Report of Cash Balances Form, see https://rad.dof.ca.gov/rad-
sa /pdf /Cash Balance Agency Tips Sheet.pdf.
A
B
C
D
E
F
G
H
I
Fund Sources
Bond Proceeds
Reserve Balance
Other
RPTTF
Prior ROPS
Prior ROPS
period balances
RPTTF
Bonds Issued on
and DDR RPTTF
distributed as
Rent,
Non - Admin
or before
Bonds Issued on
balances
reserve for future
Grants,
and
Cash Balance Information by ROPS Period
12/31/10
or after 01/01/11
retained
period(s)
Interest, Etc.
Admin
Comments
ROPS 14 -15A Actuals (07/01/14 - 12/31/14)
1
Beginning Available Cash Balance (Actual 07/01/14)
32,102,048
122,278
5,437,642
2
Revenue /Income (Actual 12/31/14)
RPTTF amounts should tie to the ROPS 14 -15A distribution from the
Other= Rent &Interest; RPTTF = 1st settlement
County Auditor - Controller during June 2014
payment per agreement with DOF for amount due
108,477
16,859
5,000,000
from General Fd
3
Expenditures for ROPS 14 -15A Enforceable Obligations (Actual
12/31/14)
RPTTF amounts, H3 plus H4 should equal total reported actual
expenditures in the Report of PPA, Columns L and Q
54,282
110,679
4,887,790
Report of PPA, Columns L & Q
4
Retention of Available Cash Balance (Actual 12/31/14)
RPTTF amount retained should only include the amounts distributed as
reserve for future period(s)
Bond proceeds = Transferred to City of Tustin
32,156, 243
1/1/2015
5
ROPS 14 -15A RPTTF Prior Period Adjustment
RPTTF amount should tie to the self - reported ROPS 14 -15A PPA in the
No entry required
Report of PPA, Column S
6
Ending Actual Available Cash Balance
C to G = (1 + 2 - 3 - 4), H = (1 + 2 - 3 - 4 - 5)
$
$
$
$
$ 28,458
$ 5,549,852
ROPS 14 -15B Estimate (01/01/15 - 06/30/15)
7
Beginning Available Cash Balance (Actual 01/01/15)
(C, D, E, G = 4 + 6, F = H4 + F4 + F6, and H = 5 + 6)
$
$
$
$
$ 28,458
$ 5,549,852
8
Revenue /Income (Estimate 06/30/15)
Column G = Estimated Rent & Interest, Column H
RPTTF amounts should tie to the ROPS 14 -15B distribution from the
= Amount Received January 2015 from County
County Auditor - Controller during January 2015
11,500
1,528,897
Auditor - Controller
9
Expenditures for ROPS 14 -15B Enforceable Obligations (Estimate
06/30/15)
39,958
1 2,016,391
Total estimated expenditures per ROPS 14 -15B
10
Retention of Available Cash Balance (Estimate 06/30/15)
RPTTF amount retained should only include the amounts distributed as
reserve for future period(s)
11
Ending Estimated Available Cash Balance (7 + 8 - 9 -10)
$ -
$ -
$ -
$ -
$ -
$ 5,062,358
e..9ni,.d ObI,g9,.d Pa .dt6cbetluI.(ROP615- 16A)- RepOrtO - juzb.-
RepOrtetltortlheROP31415A( July 1, 2014 tlhmugb December 31,2014) ho 0tl Pursuantto He11tlh antl 31lety Coe(H3C)seNOn 34136(x)
(Report Am0on61n Wb01 e D011ars) 1-11A 'Al PPA 10 0m pletId by the CAC upon submlttll 0ttlhe RO P31516A by the 3A to Flnanc Ihld
rA6ency(6A)6 elf- reportetl PnorPenotl Adjust— S(PPA):PIlr5111rlt to H3C 3eNOn 34136(1),3 required to report the dlfferences between thelr1-11vellable 111rllllrlg antl thelr acWal eepentlNlres for the- P314-5A d 1l, throogb December 2014) pehot T yel pursuant to the mannerin wblcb
ROPS of ellopmen[ Preoperty Tax Tres[FOntl(RPTTF)bppro,bd for the ROP31516Ad,Iy thmµgb December2015)perlowill be offset by the 3A's selt-repoIdd -PS 1415A prior perlo atljust —t H3C 3eNOn34136(1)also spectt les that the phorperlolJostrnenGSell,bpo.d by SA, are subject to lot they calculate the PPA CASO note that the Ad --0onG do not neetl to be llstdd at the line Item level antl may be Idd d,
Exp.ddit RPTTF E.p—t RPTTF E.P. -turez
lamounr user to
am um usmm
iTl) �iif1 etl
NI 111, lmtolalanual
pioPsii al5A "OPSii%11`t
pix s...... L,
611 a) m mzemince bli a)s0t iaol xn lb*Rl nc
pnc�ualhng ealaly
0 (annualry aalused)
kAnabss Fee
DDA
lec,lto, Plat
22 Cop
De
DDA
eh DA
0 PA
DDA
'n,
0
(3eh1 on�iia01
Paym
112011
e..9n -d Obll6a[lon Paymen [6cbetlule(ROP615- 16A)- Reporto - juzb.-
Reportetl fortlhe ROPS 1415A (July 1, 2014 tlhmugb December 31, 2014) P 0 Otl Pursuant to He11tlh antl Safety Code (HSC) sd,t o, 34136 (a)
(Report Amoun6ln Wbol e Dollars) 1-11A 'Al PPA 10 omplet2llbythe CAC upon submlttll oftlhe RO PS 1516A by the SA to Flnans Ihld
r A6ency (6A) 6 elf- reportetl Pnor Penotl Adjust —S (PPA):PIlr5111rlt to HSC Seston 34136 (1), 5 11-ld to bPort the tllfferences between thelr1-11vellable fontling bld thelr acWal eepentllWres for the BOPS 14 5A ( July throogb December 2314) perlod yel pursuant to the manner In wblcb
of ellopment Preoperty Tax Trus[F,,d(RPTTF) appro,bd for the ROP51516A(JUly throµgb December2315)perlod wi ll be offset by the SA'sself,bpolbd ROP51415A priorperod atljust —t HSC SeNon34186(1)also spddfd, that the priorperlotla Jos— tsseff+epo.d by SAS are sobjbtt to lot th,tblcolate the PPA CASo note that the Ad- -011ts do not neetlto be llstdd at the line Item level antl—y be
Exp.ddit RPTTF E.p—t RPTTF E.P. -t—
lamoum usm to
tam um usmm
iTl) �iift etl
NI 11, lmfolalanual
UxoPSii a15A QioPSii aF154
pix s...... L,
Cilia) m mzemtnce 1'1 a)s9f i xn la*Rl nc
(sehti9nC 3191
1995)
mltlu(6etll9ele9
"t NII
DDA
lyn9f
C n9f
ee D)
(M-)
e..9n —d Obll6a[IOn Pa .dt6cbetlule(ROP615- 16A)- Reporto - juzb.-
Reportetl tortlhe ROP3 1415A (July 1, 2014 tlhmugb December 31, 2014) P 0 Otl Pursuant to He11tlh antl 31lety Code (H3C) sd,t o, 34136 (a)
(Report Amoun6ln Wbol e Dollars) 1-11A 'Al PPA 10 ompletIdbythe CAC upon submlttll ottlhe RO P31516A by the 3A to 1l,, Ihld
rA6ency(6A)6 elf- reportetl PnorPenotl Adjust— S(PPA):PIlr5111rlt to H3C 3eston 34136(1),3 11-1d to bPortthe tllfferences between thelr1-11vellable 111rllllrlg antl thelr 1et1111 e 11dlWres for the ROP3145A(July throogb December 2014) period yel pursuant to the mannerin wblcb
ROPS of ellopment Preopdty Tax Tres[F,,d(RPTTF)bppro,bd for the ROP31516A(JUly throµgb December2015)perlod wi 11 be offset by the 3A's selt-repoIdd ROP31415A priorperod atljust —t H3C 3eston34186(a)1lso spesttlesthat the priorperlod a JostrnenGSelt+dpo.d by SA, are subject to lot they calculate the PPA CASO note that the Ad In -0unG do not neetlto be llstdd at the line Item level antl may be
Exp.ddit RPTTF E.p—t RPTTF E.P. -turez
lamou"p,1 to
lam um usmm
iTl) �iif1 etl
NI 11, lmtolalanual
UxoPSii a15A QioPSii aF154
pix smigstnan L,
m nce
bail) m zemi 1'1 a)sot i xn lb*Rl nc
of Co's CtbArlm o Agenry
of CoAs
CIN1Arlm o Agenry
0 (e)
Amen-
Fampnduamg ealaly
Yeesjso
Ill �R- owoteo
De
TOOL a-
L me
e..9nl,.d Obl,g9,.d Pa .dt6cbetlul.(ROP615- 16A)- Reporto - juzb.-
Reportetl tortlhe ROP3 1415A (July 1, 2014 tlhmugb December 31, 2014) P 0 Otl Pursuant to He11tlh antl 31lety Code (H3C) sd,t o, 34136 (a)
(Report Amoon6ln Wbol e Dollars) 1-11A 'Al PPA 10 omplet2llbythe CAC upon submlttll ottlhe RO P31516A by the 3A to 1l,, Ihld
r A6ency (6A) 6 elf- reportetl Pnor Penotl Adjust —S (PPA):PIlr5111rlt to H3C 3eston 34136 (1), 3 11-ld to bPort the tllfferences between thelr1-11vellable tontling bld thelr acWal eepentllWres forth, ROP3 14 5A ( July throogb December 2014) perlod yel pursuant to the manner In wblcb
of ellopment Preopbty Tax Trus[FOntl(RPTTF)bppro,bd for the ROP31516A(JUly throµgb December2015)perlod wi ll be offset by the 3A 's selt-repolbd ROP31415A priorperod atljust —t H3C 3eNOn34186(1)also specttles that the pAOr period a Jostr t, blll,bpo.d by SA, are sobjbtt to lot th,tblh,lbte the PPA CASO note that the Ad —amOwG do not neetlto be llstdd at the line Item level antl—y be
Exp.ddit RPTTF E.p—t RPTTF E.P. -t-
lamoum usm to
am um usmm
iTl) �iif1 etl
NI 111, lmtolalanual
pxoPsii al5A pix =.-Z. "OPSii%11`t
..an L,
C m zemince a) of iaol xn lb*Rl nc
ilia) 1'1
Clynot
ee(ED)
poles)
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