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02 ROPS 15-16B
Agenda Item 2 AGENDA REPORT Oversight Board of the Successor Agency to the Tustin Community Redevelopment Agency MEETING DATE: SEPTEMBER 22, 2015 SUBJECT/ACTION: ADOPT OVERSIGHT BOARD RESOLUTION NO. 15-07, APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE 15-16B FOR THE PERIOD OF JANUARY 2016 THROUGH JUNE 2016 RECOMMENDATION / PROPOSED ACTION It is recommended the Oversight Board of the Successor Agency to the Tustin Community Redevelopment Agency adopt Oversight Board Resolution No. 15-07, approving the Recognized Obligation Payment Schedule 15-16B ("ROPS 15-1613") for the period of January 1, 2016 through June 30, 2016, and authorize submission of the ROPS 15-16B to the Department of Finance ("DoF") by October 5, 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- 1613; and b) Should any subsequent modifications be required to ROPS 15-16B, 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 "B" representing the second half of the fiscal year. ROPS 15-16B lists all enforceable obligations that are legally binding and enforceable agreements or Agenda Report September 22, 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 15-16B was approved by the Successor Agency at their regular meeting on September 15, 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 15-16B includes a form that reconciles estimated expenditures for the period of January 1, 2015 through June 30, 2015 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 October 5, 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. 15-07 OVERSIGHT BOARD RESOLUTION NO. 15-07 A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE 15-16B ("ROPS 15-1613") 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 15-07 Page 1 of 3 On September 15, 2015, the Successor Agency approved the Recognized Obligation Payment Schedule 15-16B ("ROPS 15-16B") for the period of January 1, 2016 through June 30, 2016; and The Oversight Board has duly considered all other related matters and has determined that the Board's approval of BOPS 15-16B 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 15-16B 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 22nd day of September, 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 15-07 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. 15-07 was duly passed and adopted at a regular meeting of the Oversight Board, held on the 22nd day of September, 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 15-16B (January — June 2016) Oversight Board Resolution 15-07 Page 3 of 3 ATTACHMENT NO. 1 RECOGNIZED OBLIGATION PAYMENT SCHEDULE 15-16B (January — June 2016) Recognized Obligation Payment Schedule (ROPS 15-1613) - Summary Filed for the January 1, 2016 through June 30, 2016 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): $ 3,926,233 B Bond Proceeds Funding (ROPS Detail) - C Reserve Balance Funding (ROPS Detail) - D Other Funding (ROPS Detail) 3,926,233 E Enforceable Obligations Funded with RPTTF Funding (F+G): $ 2,595,186 F Non -Administrative Costs (ROPS Detail) 2,595,186 G Administrative Costs (ROPS Detail) H Total Current Period Enforceable Obligations (A+E): $ 6,521,419 Successor Agency Self -Reported Prior Period Adjustment to Current Period RPTTF Requested Funding I Enforceable Obligations funded with RPTTF (E): 2,595,186 J Less Prior Period Adjustment (Report of Prior Period Adjustments Column S) (82,339) K Adjusted Current Period RPTTF Requested Funding (W) $ 2,512,847 County Auditor Controller Reported Prior Period Adjustment to Current Period RPTTF Requested Funding L Enforceable Obligations funded with RPTTF (E): 2,595,186 M Less Prior Period Adjustment (Report of Prior Period Adjustments Column AA) - N Adjusted Current Period RPTTF Requested Funding (L -M) 2,595,186 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 Title Obligation Payment Schedule for the above named agency. /s/ Signature Date Tustin Recognized Obligation Payment Schedule (ROPS 15-16B) - ROPS Detail January 1, 2016 through June 30, 2016 (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 $ $ - $ - $ 3,926,233 $ 2,595,186 $ - $ 6,521,419 1 Housina Tax Allocation Bonds Bonds Issued On or 3/1/2010 9/1/2039 Bondholders via The Bank Proceeds from the sale ofthe Bonds All N 504,704 504,704 2 Fiscal AgentTA Bond 2010 Fees 1/19/2010 9/1/2039 The Bank of New York administration of bond activities [paid All N 3,300 $ 3,300 Mellon annual) 3 Continuing disclosure services & Fees 1/19/2010 9/1/2039 Applied Best Practices; Continuing disclosure services for All N 3,000 $ 3,000 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 N $ - Agency that perform Successor Agency activities. The liability is reviewed annually and may increase ordecrease based on a variety of economic and actuarial assumptions. 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 thisenforceable 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. 18 Town Center Housing Deficit SERAF/ERAF 05/01/2000 06/30/2015 Agency's Town Center Repayment for Town Center Housing Town Center N $ - 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 N 37,882 $ 37,882 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 N 3,000 $ 3,000 21 Continuing disclosure & arbitrage Fees 1/19/2010 12/1/2016 Applied Best Practices; Continuing disclosure & arbitrage Town Center N 3,000 $ 3,000 services Willdan & Associates services for 1998 bonds 23 Stevens Square Parking Garage Property 6/17/1988 6/30/2015 Stevens Square Parking There are ongoing maintenance costs Town Center N $ - Declaration of Covenants, Maintenance Structure Condominium as required by the CC&Rs. In addition, Conditions, Restrictions and Association there are one-time, defamed Reservations maintenance repairs that will be determined by the structural engineenng assessment. The costs associated with ongoing maintenance and deferred maintenance repairs are estimates. Tustin Recognized Obligation Payment Schedule (ROPS 15-16B) - ROPS Detail January 1, 2016 through June 30, 2016 (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 Agreemenvsout ounty Loans 06/07/1 06/30/2030 City of Tustin Original Loan amount to the Agency in South Central $ 2,595,186 Central Redevelopment Project On or Before 1993 was initially estimated to be 6/27/11 $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 of the Agreement). This installment will reflect initial reimbursement payments until confirmation ofthe Oversight Board of the actual increased costs of 48 Tax Allocation Bonds - MCAS Bonds Issued On or 11/1/2010 9/1/2040 Bondholders via The Ban Bond issue to fund non-housing MCAS Tustin N 958,938 $ 958,938 Tustin, Series 2010 Before 12/31/10 of 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 N 3,000 $ 3,000 Mellon 50 Continuing disclosure services & Fees 9/7/2010 9/1/2040 Applied Best Practices; Continuing disclosure services for MCAS Tustin N 3,000 $ 3,000 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 in project staffing costs only associated with asset management and disposal under the 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 Nav . Tustin Recognized Obligation Payment Schedule (ROPS 15-16B) - ROPS Detail January 1, 2016 through June 30, 2016 (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 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 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 in project staffing costs only associated with asset management and disposal under the LIFOC are listed in 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 Nav . 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 under the 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 Nav . 55 Contract for Engineering & Planning Professional 08/08/2010 06/30/2014 RBF Consulting Plan check and tract map services WAS Tustin N $ - Services 56 Contract for Planning Services Professional 09/07/2010 06/30/2015 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 58 Contract for Financial Analysis Professional 1/4/2011 6/30/2015 David Taussig & financial advisory services associated MCAS Tustin N $ - Services Associates with determining distribution of assessments associated with background infrastructure costs 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. 67 Contract for Environmental Services Professional 11/2/2010 6/30/2015 Vandermost Consulting Regulatory Agency consulting MCAS Tustin N $ - Services Tustin Recognized Obligation Payment Schedule (ROPS 15-16B) - ROPS Detail January 1, 2016 through June 30, 2016 (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 68 8th Amended Agmt for Admin Costs 8/28/2012 6/30/2015 Employees funded by the Administrative Budget for employees, All N $ - Reimbursement of Costs and Successor Agencythat overhead & legal services needed for City/Admin Agency Operations perform Successor Agency direct administrative operation. The Loan between the SA/City pursuant activites as needed for Oversight Board of the Successor to 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 69 3rd Amended Agmt for OPA/DDA/Constmcti 08/28/2012 06/30/2014 City of Tustin Phase 2 Tustin Ranch Road F 1W$ - Reimbursement of Costs and on Improvements Project City/Admin Agency Operations Loan between the SA/City pursuant to California HSC Section 34180 e 70 Direct Project -related costs Project Management 01/01/2014 06/30/2015 Employees that perform Annual Payroll for employees MCAS Tustin N $ - associated with MCAS Tustin Tax Costs directproject-related supporting Bond Covenanted projects Allocation Bonds, Series 2010 activities for the MCAS (including Salary and Benefits of Tustin Tax Allocation bond - em ees)funded projects. 71 Affordable Housing Reimbursement City/County Loans 06/05/2007 06/30/2030 City of Tustin Initial Agreement between the City and All N 1,652,127 $ 1,652,127 Agreement and First Amendment On or Before Agency forthe purpose of reimbursing Between City and Agency 6/27/11 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 09/02/2008 06/30/2030 City of Tustin Project purposes loan. Amount is South Central N 584,393 $ 584,393 On or Before derived from Appendix D of the fourth 6/27/11 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 bproject ro ect area. Tustin Recognized Obligation Payment Schedule (ROPS 15-16B) - ROPS Detail January 1, 2016 through June 30, 2016 (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 73 Housing Tax Allocation Bonds, Legal 7/1/2014 6/30/2015 City Attorney- Woodruff, project-specific legal services for bond- All N $ - 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 07/01/2014 06/30/2015 City Attor - ru project-specific legal services for All N $ - Services Spradlin & Smart, at al. enforceable obligation activities identified in Rows #12-13 75 Heritage Place DDA/Loan Legal 07/01/2014 06/30/2015 City Attorney- Woodruff, project-specific legal services for All N $ - Agreement- Legal Services Spradlin & Smart, at al. enforceable obligation activities identified in Rows #14-15 76 Single and Multi-Family Legal 07/01/2014 06/30/2015 City Attorney- Woodruff, project-specific legal services for All N $ - Rehabilitation Loans - Legal Spradlin & Smart, at al. enforceable obligation activities Services identified in Row#16 77 Town Center Housing Deficit Legal 07/01/2014 06/30/2015 City Attorney- Woodruff, project-specific legal services for Town Center N $ - Reduction Plan - Legal Services Spradlin & Smart, at 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 N $ - 1998 Town Center - Legal Spradlin & Smart, at al. related activities identified in Row#19 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, at 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, at 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, at 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 N $ - Tustin Series 2010 - Le al Spradlin & Smartat 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, at al. enforceable obligation activities Former Marine Corps Air Station identified in Row #51 Tustin - Le al 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 :I. - City of Tustin for Parcel 22 ofthe Spradlin & Smart, at al. enforceable obligation activities Former Marine Cors Air Station Iidentified in Row#52 85 Economic Development Legal 7/1/2014 6/30/2015 City Attorney- Woodruff, project-specific legal services for MCAS Tustin N $ - Conveyance (EDC) Application for Spradlin & Smart, at al. enforceable obligation activities Marine Corps Air Station (MCAS) identified in Row#53 Tustin as Amended - Legal 86 Coventry Court Regulatory 9 07/01/2014 06/30/2015 City Attorney- Woodruff, project-specific legal services for MCAS Tustin N $ - Agreement & Declaration of Spradlin & Smart, at al. enforceable obligation activities Restrictive Covenants and identified in Row#63 Supplemental Regulatory Agreement - Le al Services 87 Affordable Housing Reimbursement Legal 01/01/2014 06/30/2014 City Attorney- Woodruff, project-specific legal services for All N $ - Agreemen[ and Affordable Housing Spradlin & Smart, at al. enforceable obligation activities I D - Le al Services identified in Row#71 89 Office Lease Agreement Admin Costs 3/1/2007 6/30/2016 PK Lanvin Square SC LP Office Lease for Successor Agency All N $ - Operations 2016Tustin Recognized Obligation Payment Schedule (ROPS 15-16B) - ROPS Detail January 1, through- 30, 2016 (Reort Amounts in Whole Dollars) e se© ©asses©se P.ject Name / Debt Obligation Obligation Type Description/Project Scope Project Area Funding Source Non -Redevelopment Property Tax Trust Fund Bond Proceeds Reserve � -i.-.ontlh Totj Allowance Admin Cost P,.,,. Housing Authority Pursuant to AB 471, fied Fab 1 2114, housing administrative cost a -m-, =-- MULIUUL llMatosantos JEE ESucc .... r Agency Property Maintenance - Fence Repair, Edinger Avenue Parcels Property Maintenance Lavin Fence Company South Central 0,9ucce,,or Agency Property Maintenance - Fence Repair, Stevens Square Parking Structure superior Court Case 14-2111- 80001623; Successor Agency v - Legal Services EMECit Attorney- Woodruff, Spradlin & Smart, at al. WAGIDSMENEEMENE 0,9uperior C ouft Case 34-2011- 800002046; Successor Agency v. Cohen Legal Services ===City Attorney - Woodruff, Spradlin & Smart, at al. Pursuant to HSC Section 34171 (b) and (d)(1 )(F), litigation expenses 0., 1A Tustin Recognized Obligation Payment Schedule (ROPS 15-1613) - 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 Cash Balance Tips Sheet A B C D E I 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 14-15B Actuals (01/01/15 - 06/30/15) 1 Beginning Available Cash Balance (Actual 01/01/15) 32,156,243 5,028,458 549,852 Balances per ROPS 15-16A 2 Revenue/Income (Actual 06/30/15) RPTTF amounts should tie to the ROPS 14-15B distribution from the County Auditor -Controller during January 2015 Other= Rent & Interest; RPTF = Property Tax 35,664 1,528,897 distribution 3 Expenditures for ROPS 14-15B Enforceable Obligations (Actual 06/30/15) RPTTF amounts, H3 plus H4 should equal total reported actual Bond proceeds = Transferred to City of Tustin expenditures in the Report of PPA, Columns L and Q 32,156,243 11,599 1,624,010 1/1/2015 4 Retention of Available Cash Balance (Actual 06/30/15) RPTTF amount retained should only include the amounts distributed as reserve for future period(s) 5 ROPS 14-15B RPTTF Prior Period Adjustment RPTTF amount should tie to the self-reported ROPS 14-15B PPA in the No entry required Report of PPA, Column S 82,339 6 Ending Actual Available Cash Balance C to G = (1 + 2 - 3 - 4), H = (1 + 2 - 3 - 4 - 5) j $ $ $ $ $ 5,052,523 $ 454,739 ROPS 15-16A Estimate (07/01/15 - 12/31/15) 7 Beginning Available Cash Balance (Actual 07/01/15) (C, D, E, G = 4 + 6, F = H4 + F4 + F6, and H = 5 + 6) $ $ $ $ $ 5,052,523 $ 537,078 8 Revenue/Income (Estimate 12/31/15) 12/9/2014 Settlement Agreement between City RPTTF amounts should tie to the ROPS 15-16A distribution from the and DOF - Payment from City to Successor County Auditor -Controller during June 2015 4,101,171 Agency made on 12/31/15 9 Expenditures for ROPS 15-16A Enforceable Obligations (Estimate 12/31/15) 5,051,948 Approved per DOF letter dated 5/15/15 10 Retention of Available Cash Balance (Estimate 12/31/15) 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) $ - $ - $ - $ - $ 4,101,746 $ 537,078 Tustin Recognized Obliged.. Peymant schedwe (ROPE 15-16B) - Report of Pdgr P. -d Adjustments Reported for the ROPE 14-15B (January 1, 2015 through June 30, 2015) Period Pursuant to Health end Befety Code (HSC) section 34186 (e) (Report Amounts In Whole COIIers) ompleted lythe GAG upon eudmldel ofthe ROPB 15 6B lythe BA to FIT.—end or Agency l3Aj Selfrep..e0 Prl.rPerl.O Adjusments(PPA):Pureuentto HBO Becton 34186(.), BA. ere mqulred to IphIlth, dlfferenoee b.—I their actual evelledle funding end their actual expendltume forth. ROPE 14 5B (J.nu.rythrough June 2015)perlod. T Dunt sed Po enter tM1elr own Poem ides et thellne Item level pureuent to the manner In w Moth cnaveloptm entPmpeM1y Tex T—t Fund(RPTTF)epprovetforth. ROP B 1116B(J.nu.ry through Jun.2016)peheewllle..—tbyth. -a..Ir-r.pnrted ROP s 14158 prier pened.d)ustrn enc H BO Becton 34186(.).1.. epedflee Met th. Ph0r Perod ed)uetmente.elf-mpmted by BA..m.udlct to audit d theyhIllbt,th, PPA OAlt. I.teth.t the Admin am ounPo dd not ne�ePo de l l.ted.t th. Il ne Item level end may de ....tV —It ..eono-ouer a ne th. -t. eontmll.r. Prole. Navel A... EspendlWree RMF Expendlturea RMF PPAlamp (A— —t RayueSed rwiiPl Irc totala.dl.ua 15B m a eN. put M, n Espendlturea nt used to *fPl m Ntl A. (ROPsna 15B(ROP9f1fa Irc K=11 -.L, /n1,sm p pm p A--A.1-1-15 $3214441 $ 3 f$e$ $ e$ e$ 1 106 o f 0 f a $$ $ f $ $ $ $ 520 404 c4 $ 0 8 00 f $ a, a, 0 8 a, 1, e2 8 pnelucda sealvary $ $ s (anu ally a5ivaie5) $ $ $ k pnalVaiaF 8 8 $ $ $ $ $ $ $ lave $ $ $ $ $ 16 S amI Ren oollano $ $ $ $ 21 Cot 3 000 3,000 $ 3,000 $ 3, $ 3,000 $ 10 000 10, o $ 10, s, 00 $ 1, $ 1, $ $ 26 $ $ $ $ $ $ $ $ 31 ThoIT— hu,ld,n, PA $ $ $ $ $ $ 34 Pl��M`L00 $ $ $ (seer onn�33 01 1055) $ Tustin Recognized Obliged., Peymant Schedule (ROPE 15-16B) - Report of Pdgr P. -d Adjustments Reported for the ROPE 14-15B (January 1, 2015 through June 30, 2015) Period Pursuant to Health end Safety Code (HSC) section 34186 (e) (Report Amounts In Whole COIIers) ompleted lythe GAG upon eudmldel ofthe ROPE 15 6B lythe SA to FIT.—end or Agency l3A) Selfrep..e0 Prl.rPerl.O Adjusments(PPA):Pur.u.ntPo HBO Beldon 34186(.), BA. ere mqulred to IphIlth, dlfferenoee b.—I their eotuel evelledle funding end their actual expendltume forth. ROPE 14 5B (J.nu.rythrough June 2015)perlod. T Dunt sed Po enter tM1elr own Poem ides et thellne Item level pureuent to the manner In w Moth cnaveloptm entPmpeM1y Tex T—t Fund(RPTTF)epprovetforth. ROP B 1116B(J.nu.ry through Jun.2016)peheewllle..—tbyth. -a..Ir-r.pnrted ROP S 14158 prier pened.d)ustrn enc H BO Beldon 34186(.).1.. epedflee Met th. Ph0r P.Mbd ed)uetmente.elf-mpmted by BA..m.udlct It audit d they aloulat,th, PPA OAlt. I.teth.t the Admin am ounPo dd not ne�ePo de l l.ted.t th. Il ne Item level end may de ....tV —It ..eono-ouer a ne th. -t. eontmll.r. Prole. Navel EspendlWree RMF Expendlturea RMF PPAlame Ipn— —t RryueSed rwiiPl Irc totala.dl.ua 15B m a eN. put M, n Espendlturea nt used to *fPl m NO A... (ROPsna 15B(ROP9f1fa Irc K=11 -.L, �119sm p Mc pm p pi pa 1 , $32144 $ 3 fEe$ fe E e$ e E o f a $$ $ $ $ $ $ C-1, 33401 eS $ $ So loio'-h.nle0 R $ $ $ 40 he 1A —55 41 he hI $ $ 43 UrAl hI $ $ 45 �1:�I'dldool $ $ $ $ $ aT213e e $ MST21ae $ $ TA hond 201 0$ $ 50 Io u 3 000 3,000 $ 3,000 1, SS $ 1, $ 1,001 51 7 III of $ $ $ $ $ (Eoc) n (MCAS) $ $ $ $ 51 $ $ $ 3 000 3,000 $ 3,000 $ 3, $ 3,000 $ $ 60 $ $ $ Tustin Recognized Obliged., Peymant Bchedwe (ROPE 15-16B) - Report of Pdgr P. -d Adjustments Reported for the ROPE 14-15B (January 1, 2015 through June 30, 2015) Period Pursuant to Health end Befety Code (HSC) section 34186 (e) (Report Amounts In Whole COIIers) or Agency l3A) Selfrepn.e0 PriorPeriod Adjusments(PPA):Pur.u.ntto HBO Bectlon 34186(.), BA. ere mqulred to mpnrlth, dlfferenoes b.—I their eotuel evelleble funding end their actual expendltume forth. ROPE 14 5B (J.nu.rythrough June 2015)perind. T ...t cna.velcpfm entPmpeM1y Tex Trua Fund(RPTTF)epprovetforth.ROPB1116B(J.nu.ry through Jun.2016)pehce wl11 beoff.etbyth. -A..Ir-r.pnrted ROPs 14158 phorpehod.d)ustrnant.HBOB.cticn341861.),I.c epedflee Met th. Ph0r Perind ed) u.tment..elf-mpmted by BA..—1.1tto.1d1tb nuntV —It ..... o-nuerc ne th.-t. cnntmll.r. ompleted lythe GAG upon submldel ofthe ROPB 15 6B bythe BA to FIT.—end eedto enter tM1elr own Poem ides et thellne Item level pureuent to the manner In w Moth they aloulab the PPA OAll. nototh.tthe Admin.m ounm do nne nese to be l Ated At th. Il ne Item 1-1 .1d may be Prole. Navel ExpendlWree RMF Expendltuma RMF Expenditure. PPAlame (A�— —t RayueSed rwiiPl nt used to *fPl m A. A... pm p pi pa (ROPsna 15B(ROP9f1fa �119am 1 p In A=11 -.L, M , put 15B m p Irc totala.dl.ua M Net n NO $32„444 $ 3 f o f d fo f e$ e E o f a $ $ $ f $ $ $ $ $ $ $ $ $ $ $ $ 8 8 $ 61 1=dmAell f. ofCoTand pIGN H. —hon 34111 I� 1,511 11,511 $ $ $ All pIGN Bo A) 10 1 pnoluNnp Salary e e)a o All $ $ $ 12 $ $ $ AZI.I.12oon1loo d, 5 000 5,000 $ 5,000 $ 5, $ 5,000 14 =nL5, 5, o $ 5, $ 5 $ 5,000 15 Hehlde 25ll z,500$ 2500 $ 25ll $ 2 500 amN Ren oulta Io 2, 2 500 2 500 2 2 500 Hou 25ll z,500 $ 2500 2 00 $ $ e.o(rowBceme0 $ $ $ $ $ $ Tustin Recognized Obliged., Peymant Bchedwe (ROPE 15-16B) - Report of Pdgr P. -d Adjustments Reported for the ROPE 14-15B (January 1, 2015 through June 30, 2015) Period Pursuant to Health end Befety Code (HSC) section 34186 (e) (Report Amounts In Whole COIIers) ompleted lythe GAG upon eudmldel ofthe ROPB 15 6B lythe BA to FIT.—end or Agency l3A) Selfrep..e0 Prl.rPerl.O Adjusments(PPA):Pur.u.ntPo HBO Beldon 34186(.), BA. ere mqulred to IphIlth, dlfferenoee b.—I their actual evelledle funding end their actual expendltume forth. ROPE 14 5B (J.nu.rythrough June 2015)perlod. T Dunt sed Po enter tM1elr own Poem ides et thellne Item level pureuent to the manner In w Moth cnaveloptm entPmpeM1y Tex T—t Fund(RPTTF)epprovetforth. ROP B 1116B(J.nu.ry through Jun.2016)peheewllle..—tbyth. -a..Ir-r.pnrted ROP s 14158 prier pened.d)ustrn enc H BO Beldon 34186(.).1.. epedflee Met th. Ph0r Perl0d ed)uetmente.elf-mpmted by BA..m.udlct to audit d theyhIllbt,th, PPA OAlt. I.teth.t the Admin am ounPo dd not ne�ePo de l l.ted.t th. Il ne Item level end may de ....tV —It ..eono-ouer a ne th. -t. eontmll.r. ExpendlWree RMF Expendlturea RMF PPAlamp Ice— usmt RryueSed rwiiPl Irc totala.dl.ua (ROPsna 15B(ROP9f1fa 15B Irc K=11 -.L, Prole. Navel �1119sm Mee, ce I'I'asm Mer, ce N.IOfMeR)rence p p p p p Expendltuma nt used to *fPl m A. $per e $ e fpa e f3]�i 4448 $ 3 fpm $ $ a $ e f 0 $ e $put $ $ $ $ $pM $NO 15, 1010 15, o $ 11 $ 11 $ rz5, eec�Nno! M All eec�Nno! 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