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FORM A - Redevelopment Property Tax Trust Fund (RPTTF)
Name of Redevelopment Agency:Successor Agency to the Tustin Community Redevelopment Agency
Project Area(s)RDA Project Area All
DRAFT RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Per AB 26 - Section 34177 (*)
Payable from the Redevelopment Property Tax Trust Fund (RPTTF)
Total Due During ***
Contract/AgreementPayments by month
Total Outstanding Fiscal YearFunding
Project Name / Debt ObligationExecution DatePayeeDescriptionJan 2012Feb 2012Mar 2012Apr 2012May 2012Jun 2012Total
Project AreaProject AreaDebt or Obligation 2011-2012**Source
1)Housing Tax Allocation Bonds, Series 20103/1/2010Bondholders via The Bank of New York MellonProceeds from the sale of the Bonds will be used to (a) All42,480,4913,097,209RPTTF565,9701,270,453$
1,836,423
prepay a portion of the City Obligation (Affordable Housing
Reimbursement Agreement), (b) fund a reserve account for
the Bonds, and (c) provide for the cost of issuing the Bonds.
Total outstanding debt includes principal and interest.
2)Fiscal Agent Fees - TA Bond 20101/19/2010The Bank of New York Mellonadministration of bond activities [paid in the first 6 months of All3,3003,300RPTTF$ -
FY 2011-2012]
3)Continuing disclosure services & arbitrage services10/30/2010 & 8/12/1993Applied Best Practices; Willdan & AssociatesContinuing disclosure services for 2010 Housing bonds and All4,3501,350RPTTF1,35
0$ 1,350
arbitrage services.
4)County Administrative FeeCounty of Orangeannual tax collection administrative feeAll213,000213,000RPTTF213,000$ 213,000
5)Auditing Services6/1/2011White, Nelson, Diehl, Evans, LLPauditing of annual Agency expendituresAll36,62612,209RPTTF4,070$ 4,070
6)Graffiti removal10/1/2008Graffiti Control SystemsGraffiti removal in the Town Center and South Central All55,00055,000RPTTF6,5006,5006,5006,5006,5006,400$ 38,900
Redevelopment Project Areas. Contract is paid for through
CDBG, General and RDA funds.
7)Contract for available commercial property search9/29/2010LoopNet, Inc.Web-based Commercial Property Search for available retail, All3,5003,500RPTTF3,500$ 3,500
commercial, industrial and other property types in Tustin
8)Contract for web-based business assistance information3/18/2011Tools for Business Success, LLCWeb-based business assistance tools available on the City of All1,1401,140RPTTF1,140$
1,140
Tustin website
9)Contract for Legal ServicesvariousWoodruff, Spradlin & Smartlegal counsel - public law & specialty legal council as needed All1,100,0001,100,000RPTTF90,00092,00092,00092,00092,00092,000$
550,000
(Including: Stradling Yocca Carlson & Rauth; Remy, to directly support project activities. Contract does not
Thomas, Moose & Manley, Waters & Company, contain a "not to exceed amount" and is on an "as needed"
Jeanette Justus; $2,000,000) *Armbruster Goldsmith & basis. Woodruff, Spradlin & Smart also provides legal
Delvac LLP; $575,000 *Cappello and Noel LLP; services under the Administrative Budget and these costs
$1,500,000; *Kutak Rock; $110,000 are not double counted between administrative-related legal
expenses and project-related legal expenses.
10)City Treasurer 1/1/2012City Treasurermanagement of Agency's invested moniesAll32,60032,600RPTTF2,7172,7172,7172,7172,7172,717$ 16,302
11)Direct Project Related Costs (including Salary and Benefits funded by the Successor AgencyPayroll for employees for direct project operation. Total All519,330519,330RPTTF43,28043,28043,28043,2804
3,28043,280$ 259,680
Successor Agency)outstanding debt is an annual figure and this amount will
fluctuate annually. The employees are performing project
related activities involving the enforceable obligations listed
on Rows #14-#20, Rows #27-#37, Rows #42-#52, and Rows
#56-#70.
12)PERS liability (annually adjustable)City of TustinEmployees funded by the Successor Agency that perform All140,518140,518RPTTF$ -
Successor Agency activities. The liability is reviewed
annually and may increase or decrease based on a variety of
economic and actuarial assumptions.
13)Bank Analysis FeesBank of AmericaFees Charged by bank for transactionsAll48,00048,000RPTTF4,0004,0004,0004,0004,0004,000 $ 24,000
14)Payment in Lieu of Taxes Agreement - Flanders Pointe10/1/1999City of TustinAgency monitors to insure receipt of annual payment. To the AllAnnualSee Row #11RPTTF$
-
extent RPTTF funds are not available to fund this
enforceable obligation, the obligation shall be considered an
encumbrance of LMIHF funds.
15)Payment in Lieu of Taxes Agreement - Orange Gardens8/13/1998City of TustinAgency monitors to insure receipt of annual payment. To the AllAnnualSee Row #11RPTTF$
-
extent RPTTF funds are not available to fund this
enforceable obligation, the obligation shall be considered an
encumbrance of LMIHF funds.
16)Olson DDA/Arbor Walk3/1/2004Redevelopment AgencyMonitoring to ensure the project complies with the DDA. To AllAnnualSee Row #11RPTTF$ -
the extent RPTTF funds are not available to fund this
enforceable obligation, the obligation shall be considered an
encumbrance of LMIHF funds.
17)Arbor Walk Promissory NotesvariesRedevelopment AgencyAgency monitors to ensure the 10 affordable homeownership AllAnnualSee Row #11RPTTF$ -
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, the obligation shall be
considered an encumbrance of LMIHF funds.
18)Heritage Place DDA 4/11/2002Redevelopment AgencyAgency monitors to ensure 53 units are in compliance with AllAnnualSee Row #11RPTTF$ -
affordability requirements. To the extent RPTTF funds are
not available to fund this enforceable obligation, the
obligation shall be considered an encumbrance of LMIHF
funds.
19)Heritage Place Loan Agreement 4/12/2007Redevelopment AgencyFinancial assistance was provided by the Agency to the AllAnnualSee Row #11
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, the obligation shall be considered an
encumbrance of LMIHF funds.
20)Single and Multi-Family Rehabilitation Loans varyRedevelopment AgencyAgency monitors 6 Single Family and Multi-Family Loans AllAnnualSee Row #11RPTTF$ -
between the Agency and Property Owners of rehabilitated
properties. To the extent RPTTF funds are not available to
fund this enforceable obligation, the obligation shall be
considered an encumbrance of LMIHF funds.
21)Town Center Housing Deficit Reduction Plan 5/1/2000Agency's Town Center Housing Set-Aside fundRepayment for Town Center Housing Set-Aside funds Town Center2,776,042900,000RPTTF900,000$
900,000
diverted to support non-housing Redevelopment activities in
Town Center during the period of 1986 - 1992.
Payable from the Redevelopment Property Tax Trust Fund (RPTTF)
Total Due During ***
Contract/AgreementPayments by month
Total Outstanding Fiscal YearFunding
Project Name / Debt ObligationExecution DatePayeeDescriptionJan 2012Feb 2012Mar 2012Apr 2012May 2012Jun 2012Total
Project AreaProject AreaDebt or Obligation 2011-2012**Source
22)Tax Allocation Refunding Bonds 1998 (Town Center)7/1/1998Bondholders via US BankBond issue to fund non-housing projects. Total outstanding Town Center9,822,2163,133,296RPTTF1,670,660$
1,670,660
debt includes principal and interest.
23)Fiscal Agent Fees - TA Bond 19981/19/2010US Bankadministration of bond activitiesTown Center3,3003,300RPTTF$ -
24)Continuing disclosure & arbitrage services10/30/2010 & 8/12/1993Applied Best Practices; Willdan & AssociatesContinuing disclosure & arbitrage services for 1998 bondsTown Center6,0006,000RPTTF$
-
25)Contract for engineering services 6/9/2011Critical Structures, Inc.Structural engineering assessment of Stevens Square Town Center23,53023,530RPTTF5,8505,870$ 11,720
Parking Structure
26)Stevens Square Parking Garage Declaration of Covenants, Conditions, 6/17/1988Stevens Square Parking Structure Condominium There are ongoing maintenance costs as required by the Town
Center50,00050,000RPTTF1,4001,4001,4001,4001,400$ 7,000
Restrictions and ReservationsAssociationCC&Rs. In addition, there are one-time, deferred
maintenance repairs that will be determined by the structural
engineering assessment. The costs associated with ongoing
maintenance and deferred maintenance repairs are
estimates.
27)Ambrose Lane/First Time Homebuyer 5/17/2000Redevelopment AgencyAgency monitors to ensure the 5 affordable homeownership Town CenterAnnualSee Row #11RPTTF$ -
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.Monitoring of Affordable Housing Covenants. To
the extent RPTTF funds are not available to fund this
enforceable obligation, the obligation shall be considered an
encumbrance of LMIHF funds.
28)First Time Homebuyer Promissory Note 5/17/2000Redevelopment AgencyAgency monitors to ensure the first time homebuyer unit is in Town CenterAnnualSee Row #11RPTTF$
-
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, the obligation shall be considered an
encumbrance of LMIHF funds.
29)Makena DDA 10/19/2004Redevelopment AgencyMonitoring to insure developer is in compliance with Town CenterAnnualSee Row #11RPTTF$ -
contractual obligations.
30)Old Town Plaza Retail Rehab DDA 5/10/2001Redevelopment AgencyMonitoring to insure developer is in compliance with Town CenterAnnualSee Row #11RPTTF$ -
contractual obligations.
31)Plaza Lafayette DDA 7/2/1985Redevelopment AgencyMonitoring to insure developer is in compliance with Town CenterAnnualSee Row #11RPTTF$ -
contractual obligations.
32)Ford Commercial Rehab DDA 9/15/1998Redevelopment AgencyMonitoring to insure developer is in compliance with Town CenterAnnualSee Row #11RPTTF$ -
contractual obligations.
33)Micro Center DDA 11/21/1994Redevelopment AgencyMonitoring to insure developer is in compliance with Town CenterAnnualSee Row #11RPTTF$ -
contractual obligations.
34)Thompson Building OPA 6/6/1994Redevelopment AgencyMonitoring to insure developer is in compliance with Town CenterAnnualSee Row #11RPTTF$ -
contractual obligations.
35)Stevens Square Parking Structure - License AgreementsvaryRedevelopment AgencyMonitoring to insure 8 licenses are in compliance with Town CenterAnnualSee Row #11RPTTF$
-
contractual obligations.
36)Potted Plants AgreementsvaryRedevelopment AgencyMonitoring to insure 17 agreements are in compliance with Town CenterAnnualSee Row #11RPTTF$ -
contractual obligations.
37)Prospect Village DDA 6/21/2004Redevelopment AgencyMonitoring to insure developer is in compliance with Town CenterAnnualSee Row #11RPTTF$ -
contractual obligations.
38)Public Works Agreement/South Central Redevelopment Project 6/7/1993City of TustinOriginal Loan amount to the Agency in 1993 was initially South Central34,235,1028,558,775RPTTF5,135,2653,423,510$
8,558,775
estimated to be $33,500,000 for the Newport Avenue
Extension (Newport Underpass) to Edinger Avenue. The
interest rate is .5% above the City's average yield on
investments. Repayment of the loan is based on City-funded
Phase 1 work (Capital Improvement Program - CIP 70130)
that has been completed on the Newport Avenue
Extension/SR-55 North Bound Ramp Reconfiguration
Project. The Phase 1 project began in 1993 and was
completed in March 2010. Phase 1 (CIP 70130) contracts
are not listed on previous EOPS or ROPS. There is no
duplication of obligations. Phase 2 work (CIP 70131)
consists of contracts listed below in Rows #42-#49 and these
contracts have not been double counted in Phase 1.
Pursuant to Section 1 Public Improvement Work of the
Public Works Agreement, the Successor Agency shall pay
the City when projects are completed and in semi-annual
installments (per Section 2 Payment by the Agency of the
Agreement). The first installment (January 2012) shall be for
the one payment due during FY 2009-2010 and the two
payments due for FY 2010-2011. The second installment
(June 2012) shall be for the two payments due for FY 2011-
2012 . The two installments will reflect initial reimbursement
payments until confirmation of the Oversight Board of the
39)Memorandum of Understanding with Orange County Water District 3/20/1985Orange County Water DistrictTax share agreement (pre-AB 1290) with the Agency. South Central28,0002,000RPTTF$
-
(Section 33401 Payment; 3/20/1985)Applicability of agreement is questionable because of
40)Memorandum of Understanding with Tustin Unified School District 9/13/1985Tustin Unified School DistrictTax share agreement pre-1290 with Agency. The agreement South Central00RPTTF$
-
(Section 33401 Payment; 9/13/1985)provides that certain tax sharing payments would occur after
the Agency has expended $10 million dollars for construction
of facilities within the South Central Amendment Area and or
retired bonds or other indebtedness for such construction as
provided in the Agreement. The Agency has not retired the
indebtedness associated with the 1993 Public Works
Agreement and, as a result, there have been no payments
made to date.
Payable from the Redevelopment Property Tax Trust Fund (RPTTF)
Total Due During ***
Contract/AgreementPayments by month
Total Outstanding Fiscal YearFunding
Project Name / Debt ObligationExecution DatePayeeDescriptionJan 2012Feb 2012Mar 2012Apr 2012May 2012Jun 2012Total
Project AreaProject AreaDebt or Obligation 2011-2012**Source
41)Memorandum of Understanding with Saddleback Community College 9/13/1985Saddleback Community College DistrictTax share agreement pre-1290 with Agency. The agreement South Central00RPTTF$
-
District (Section 33401 Payment; 9/13/1985)provides that certain tax sharing payments would occur after
the Agency has expended $10 million dollars for construction
of facilities within the South Central Amendment Area and or
retired bonds or other indebtedness for such construction as
provided in the Agreement. The Agency has not retired the
indebtedness associated with the 1993 Public Works
Agreement and, as a result, there have been no payments
made to date.
42)Newport Av./SR55 NB Ramp Reconfiguration 11/25/2008Psomas EngineeringMapping and survey servicesSouth Central15,0001,223RPTTF$ -
43)Newport Av./SR55 NB Ramp Reconfiguration 1/26/2010AndersonPennaProgram management servicesSouth Central4,0002,125RPTTF$ -
44)Newport Av. Extension, N/O Edinger Av. 2/2/2010Dokken EngineeringFinal design servicesSouth Central100,00092,500RPTTF15,00015,00015,00015,00015,00017,500$ 92,500
45)Newport Av. Extension, N/O Edinger Av. 10/8/2010NuvisLandscape design servicesSouth Central30,05010,760RPTTF$ -
46)Newport Av. Extension, N/O Edinger Av. County of Orange (OCFCD)Plan check servicesSouth Central25,00025,000RPTTF18,0606,940$ 25,000
47)Newport Av. Extension, N/O Edinger Av. 12/16/2007Morrow ManagementDry Utility design and coordination servicesSouth Central2,5001,323RPTTF$ -
48)Newport Av. Extension, N/O Edinger Av. 1/26/2010AndersonPennaProgram management servicesSouth Central10,0004,938RPTTF$ -
49)Newport Av. Extension, N/O Edinger Av. Southern California Regional Rail Authority (SCRRA)Plan check servicesSouth Central25,00025,000RPTTF$ 15,00010,000$
25,000
50)CBS Outdoor Billboard 12/19/1994Redevelopment AgencyMonitoring to insure licensee is in compliance with South CentralAnnualSee Row #11RPTTF$ -
contractual obligations.
51)Tustin Grove Promissory Notes and Affordable Housing Covenants varyRedevelopment AgencyAgency monitors to ensure the 16 affordable homeownership South CentralAnnualSee Row #11RPTTF$
-
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, the obligation shall be
considered an encumbrance of LMIHF funds.
52)Tustin Grove Affordable Housing DDA 12/27/1995Redevelopment AgencyMonitoring to ensure the project complies with the DDA. To South CentralAnnualSee Row #11RPTTF$
-
the extent RPTTF funds are not available to fund this
enforceable obligation, the obligation shall be considered an
encumbrance of LMIHF funds.
53)Tax Allocation Bonds - MCAS Tustin, Series 201011/1/2010Bondholders via The Ban of New York MellonBond issue to fund non-housing projects. Total outstanding MCAS Tustin83,384,7512,282,532RPTTF626
,4641,814,488$ 2,440,952
debt includes principal and interest.
54)Fiscal Agent Fees - TA Bond 20109/7/2010The Bank of New York Mellonadministration of bond activitiesMCAS Tustin3,3003,300RPTTF3,300$ 3,300
55)Continuing disclosure services & arbitrage services10/30/2010 & 8/12/1993Applied Best Practices; Willdan & AssociatesContinuing disclosure services for 2010 MCAS bonds & MCAS Tustin4,3501,350RPTTF
1,350$ 1,350
arbitrage services
56)Lease in Furtherance of Conveyance (LIFOC) executed May 13, 2002 5/13/2002Redevelopment AgencyProperty Management, Maintenance, Environmental MCAS TustinVaries0RPTTF$
-
between the United States of America and the City of Tustin for Portions of Remediation, and Real Estate obligations of City required by
the Former Marine Corps Air Station TustinNavy on Lease sites until conveyance of properties. This
includes asset management and disposal, property
management and remediation. Direct project related staffing
costs only associated with asset management and disposal
under the LIFOC are listed in Row #11. Contractual
response costs for all other responsibilities under the LIFOC
Agreement will be as they are incurred and/or as requested
by the Department of Navy.
57)Lease in Furtherance of Conveyance (LIFOC) executed June 16, 2004 6/16/2004Redevelopment AgencyProperty Management, Maintenance, Environmental MCAS TustinVaries0RPTTF$
-
between the United States of America and the City of Tustin for Parcel 22 Remediation, and Real Estate obligations of City required by
of the Former Marine Corps Air Station TustinNavy on Lease sites until conveyance of properties. This
includes asset management and disposal, property
management and remediation. Direct project related staffing
costs only associated with asset management and disposal
under the LIFOC are listed in Row #11. Contractual
response costs for all other responsibilities under the LIFOC
Agreement will be as they are incurred and/or as requested
by the Department of Navy.
58)Economic Development Conveyance (EDC) Application for Marine Corps 5/13/2002Redevelopment AgencyObligations of City required by Navy in the conveyance of MCAS TustinVaries0RPTTF$
-
Air Station (MCAS) Tustin as Amendedthe property under the Reuse Plan adopted in 2002. This
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 #11. Contractual response costs
for all other responsibilities under the EDC Agreement will be
as they are incurred and/or as requested by the Department
of Navy.
59)Contract for Tustin Ranch Road Construction - Phase 1 8/2/2011Sandoval Pipeline EngineeringConstruction of Tustin Ranch Road Phase 1 (Grading & MCAS Tustin1,107,0001,107,000RPTTF1,107,000$
1,107,000
Storm Drain)
60)Contract for Development Advisor services 9/7/2010Developer's ResearchImplementation Plan and StrategyMCAS Tustin75,00064,000RPTTF$ -
61)Contract for Engineering & Planning 8/8/2010RBF ConsultingPlan check and tract map servicesMCAS Tustin90,00035,942RPTTF4,6754,0004,0004,0004,0004,000$ 24,675
62)Contract for Planning Services 9/7/2010SMS ArchitectsImplementation Plan and StrategyMCAS Tustin60,00015,000RPTTF5,0005,000$ 10,000
63)Contract for Engineering Services 9/7/2010Hunsaker & AssociatesDisposition Strategy & mapping servicesMCAS Tustin216,50074,660RPTTF14,316$ 14,316
64)Contract for Financial Analysis 1/4/2011David Taussig & Associatesfinancial advisory services associated with determining MCAS Tustin47,50034,750RPTTF5,7915,7915,7915,7915,7915,795$
34,750
distribution of assessments associated with background
infrastructure costs
65)Newport/SR-55 Gateway Master plan & landscape Improvements 9/9/2010RBF ConsultingPreparation of Gateway Master plan and design of landscape MCAS Tustin125,979 74,290 RPTTF8,000 9,000
13,000 12,000 8,000 5,491 $ 55,491
improvements
66)Website Hosting Agreement 12/8/2010Commpro, LLCWebsite hosting for the MCAS Tustin websiteMCAS Tustin1,800 1,800 RPTTF150 150 150 150 150 150 $ 900
67)Contract for fence repair 6/18/2008National Construction Rental, IncFence repairs as needed at MCAS TustinMCAS Tustin10,000 1,790 RPTTF200 200 200 200 200 200 $ 1,200
68)Developer Selection Process, Expert Panel Stipends 7/19/2011Various (18 panelists)Stipend/Honorarium for service of development professional MCAS Tustin18,000 13,500 RPTTF$
-
on a Panel
69)Contract for Maintenance of undeveloped properties 11/20/2006Spectrum LandscapingMaintenance of undeveloped land MCAS Tustin71,20871,208RPTTF5,9345,9345,9345,9345,9345,934$
35,604
Payable from the Redevelopment Property Tax Trust Fund (RPTTF)
Total Due During ***
Contract/AgreementPayments by month
Total Outstanding Fiscal YearFunding
Project Name / Debt ObligationExecution DatePayeeDescriptionJan 2012Feb 2012Mar 2012Apr 2012May 2012Jun 2012Total
Project AreaProject AreaDebt or Obligation 2011-2012**Source
70)Coventry Court Regulatory Agreement & Declaration of Restrictive 9/30/2010Redevelopment AgencyAgency monitors receipt of payment in lieu of taxes as well MCAS TustinAnnualSee Row
#11RPTTF$ -
Covenants and Supplemental Regulatory Agreement as developer's compliance with contractual senior affordable
housing obligations related to 153 affordable units within the
Project. To the extent RPTTF funds are not available to fund
this enforceable obligation, the obligation shall be considered
an encumbrance of LMIHF funds.
Totals - This Page (RPTTF Funding)$ 177,008,983$ 21,848,048$ -$ 5,341,678 $ 1,397,566 $ 1,306,392 $ 211,032$ 208,972$ 9,502,918
$ 17,968,558
Totals - Page 2 (Other Funding)$ 2,230,537$ 2,701,511N/A$ 2,230,537 $ 2,701,511 $ 1,846,632 $ 1,100,000$ 1,100,000$ 2,120,100 $
11,098,780
Totals - Page 3 (Administrative Cost Allowance)$ 882,746$ 882,746N/A$ -$ 176,549 $ 176,549 $ 176,549$ 176,549$
176,550 $ 882,746
Totals - Page 4 (Pass Thru Payments)$ 161,271,999$ 2,450,096N/A$ -$ -$ -$ - $ 2,450,096$
-$ 2,450,096
Grand total - All Pages$ 180,122,266$ 25,432,305$ 7,572,215 $ 4,275,626 $ 3,329,573 $ 1,487,581$ 1,485,521$ 11,799,568 $ 32,400,180
* The Preliminary Draft Recognized Obligation Payment Schedule (ROPS) is to be completed by 3/1/2012 by the successor agency, and subsequently be approved by the oversight board before
the final ROPS is submitted to the State Controller and State Department of Finance by April 15, 2012. It is not a requirement that the Agreed Upon Procedures Audit be completed before
submitting the final Oversight Approved ROPS to the State Controller and State Department of Finance.
** All totals due during fiscal year and payment amounts are projected.
*** Funding sources from the successor agency: (For fiscal 2011-12 only, references to RPTTF could also mean tax increment allocated to the Agency prior to February 1, 2012.)
RPTTF - Redevelopment Property Tax Trust Fund Bonds - Bond proceedsOther - reserves, rents, interest earnings, etc
LMIHF - Low and Moderate Income Housing FundAdmin - Successor Agency Administrative Allowance
Name of Redevelopment Agency:Successor Agency to the Tustin Community Redevelopment AgencyFORM B - All Revenue Sources Other Than Redevelopment Property Tax Trust Fund (RPTTF)
Project Area(s)RDA Project Area All
DRAFT RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Per AB 26 - Section 34177 (*)
Payable from Other Revenue Sources
Total Due During Funding
Contract/AgreementPayments by month
Total Outstanding Fiscal YearSource
Project Name / Debt ObligationExecution DatePayeeDescriptionJan 2012Feb 2012Mar 2012Apr 2012May 2012Jun 2012Total
Project AreaDebt or Obligation 2011-2012*****
Contract for Environmental Services 11/16/2010Pacific StatesConstruction of Tustin Ranch Road Phase 1 Grading & Storm Drain MCAS TustinBonds
1)73,80067,80010,3906,467$ 16,857
Contract for GeoTech Services 9/7/2010NMGConstruction of Tustin Ranch Road Phase 1 Grading & Storm Drain MCAS TustinBonds
2)20,10020,10020,100$ 20,100
Contract for Construction Management 5/3/2011Parsons Transportation GroupConstruction management for Tustin Ranch Road (Phase 1 and 2)MCAS TustinBonds
3)1,882,075749,15764,767100,000100,000100,000100,000100,000$ 564,767
Contract for Tustin Ranch Road Construction - Phase 1 8/2/2011Sandoval Pipeline EngineeringConstruction of Tustin Ranch Road Phase 1 (Grading & Storm Drain)MCAS TustinBonds
4)5,975,6765,475,6762,134,0002,595,044746,632$ 5,475,676
Capital Projects - TA Bond 2010 (See Attachment No. 2 on RDA TBDTBDcapital projects associated with construction of infrastructure and facilities as listed MCAS TustinBonds
5)30,096,5995,000,0001,000,0001,000,0001,000,0002,000,000$ 5,000,000
Resolution 11-05) including Tustin Ranch Road, Phase 2in the Official Statement for TA Bond 2010
Contract for Environmental Services 11/2/2010Vandermost ConsultingRegulatory Agency consultingMCAS TustinBonds
6)30,00030,0002,311$ 2,311
Contract for Archeological & Paleontological Services 7/19/2011Paleo Solutions, IncArcheological & Paleontological compliance and monitoring for Neighborhood E. MCAS TustinBonds
7)13,1300$ -
Direct Project-related costs associated with MCAS Tustin Tax Employees that perform direct project-related Annual Payroll for employees supporting Bond-funded projects
8)MCAS Tustin604,050256,550Bonds21,38021,38021,38021,38021,38021,380$ 128,280
Allocation Bonds, Series 2010 (including Salary and Benefits of activities for the MCAS Tustin Tax Allocation bond-
employees)funded projects.
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
Totals - LMIHFN/A$ -
Totals - Bond Proceeds$ 38,695,430$ 11,599,283 N/A$ 2,230,537$ 2,701,511 $ 1,846,632 $ 1,100,000$ 1,100,000$ 2,120,100$
11,077,400
Totals - OtherN/A$ -
Grand total - This Page$ 38,695,430$ 11,599,283 N/A$ 2,230,537$ 2,701,511 $ 1,846,632 $ 1,100,000$ 1,100,000$ 2,120,100$
11,077,400
* The Preliminary Draft Recognized Obligation Payment Schedule (ROPS) is to be completed by 3/1/2012 by the successor agency, and subsequently be approved by the oversight board before
the final ROPS is submitted to the State Controller and State Department of Finance by April 15, 2012. It is not a requirement that the Agreed Upon Procedures Audit be completed before
submitting the final
** All total due during fiscal year and payment amounts are projected.
*** Funding sources from the successor agency: (For fiscal 2011-12 only, references to RPTTF could also mean tax increment allocated to the Agency prior to February 1, 2012.)
RPTTF - Redevelopment Property Tax Trust Fund Bonds - Bond proceedsOther - reserves, rents, interest earnings, etc
LMIHF - Low and Moderate Income Housing FundAdmin - Successor Agency Administrative Allowance
Name of Redevelopment Agency:Successor Agency to the Tustin Community Redevelopment AgencyFORM C - Administrative Cost Allowance Paid With Redevelopment Property Tax Trust Fund (RPTTF)
Project Area(s)RDA Project Area All
DRAFT RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Per AB 26 - Section 34177 (*)
Payable from the Administrative Allowance Allocation ****
Total Due During
Payments by month
Total Outstanding Fiscal YearFunding
Project Name / Debt ObligationPayeeDescriptionJan 2012Feb 2012Mar 2012Apr 2012May 2012Jun 2012Total
Project AreaDebt or Obligation 2011-2012**Source **
Agreement for Reimbursement of Costs Employees funded by the Administrative Budget for employees,
1)All882,746882,746Admin0176,549176,549176,549176,549176,550$ 882,746
and City/Administrative Agency Successor Agency that overhead & legal services needed for
Operations Loan" between the Successor perform Successor Agency direct administrative operation. The
Agency and the City and an activites as needed for direct Oversight Board of the Successor Agency
Administrative Budget pursuant to administrative operations as to the Tustin Community Redevelopment
California Health and Safety Code well as overhead and legal Agency approved the administrative
Section 34177 (j) (including salary and services.budget on March 13, 2012 and the
benefits funded by the Successor Agency Successor Agency adopted Successor
and administrative costs. Administrative Agency Resolution No. 12-04 on March 20,
costs include the agreement with 2012 approving the Administrative Budget
Woodruff, Spradlin & Smart $300,000 for and approved the "Agreement for
administrative legal services and the Reimbursement of Costs and
Lease of Office Space $49,497)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), 5% of the
property tax allocated to the Successor
Agency for FY 2011-2012.
City Attorney - Woodruff, Legal counsel - public law & specialty legal Actual expenses Actual expenses
2)Contract for Legal ServicesAllAdmin
Spradlin & Smart (including council as needed to directly support were included in were included in
Stradling Yocca Carlson & administrative activities. Woodruff, the Administrative the Administrative
Rauth; Remy, Thomas, Moose Spradlin & Smart also provides legal Budget - Row #1Budget - Row #1
& Manley; Waters & Company; services under direct project services and
and Jeanette Justus)these costs are not double-counted
between administrative-related legal
expenses and project-related legal
$ -
expenses.
PK II Holdco, LLCActual expenses Actual expenses
3)Lease of Office SpaceOffice space rentAllAdmin
were included in were included in
the Administrative the Administrative
Budget - Row #1Budget - Row #1
$ -
White, Nielson, Diehl, Evans, Actual expenses Actual expenses
4)Auditing ServicesAuditing of annual Agency expendituresAllAdmin
LLPwere included in were included in
the Administrative the Administrative
Budget - Row #1Budget - Row #1
$ -
$ -
$ -
$ -
$ -
Totals - This Page$ 882,746$ 882,746$ -$ 176,549 $ 176,549 $ 176,549 $ 176,549 $ 176,550 $ 882,746
* The Preliminary Draft Recognized Obligation Payment Schedule (ROPS) is to be completed by 3/1/2012 by the successor agency, and subsequently be approved by the oversight board before
the final ROPS is submitted to the State Controller and State Department of Finance by April 15,
2012. It is not a requirement that the Agreed Upon Procedures Audit be completed before submitting the final Oversight Approved ROPS to the State Controller and State Department of
Finance.
** All total due during fiscal year and payment amounts are projected.
*** Funding sources from the successor agency: (For fiscal 2011-12 only, references to RPTTF could also mean tax increment allocated to the Agency prior to February 1, 2012.)
RPTTF - Redevelopment Property Tax Trust Fund Bonds - Bond proceedsOther - reserves, rents, interest earnings, etc
LMIHF - Low and Moderate Income Housing FundAdmin - Successor Agency Administrative Allowance
**** - Administrative Cost Allowance caps are 5% of Form A 6-month totals in 2011-12 and 3% of Form A 6-month totals in 2012-13. The calculation should not factor in pass through payments
paid for with RPTTF in Form D.
FORM D - Pass-Through Payments
Name of Redevelopment Agency:Successor Agency to the Tustin Community Redevelopment Agency
Project Area(s)RDA Project Area All
OTHER OBLIGATION PAYMENT SCHEDULE
Per AB 26 - Section 34177 (*)
Pass Through and Other Payments ****
Total Due During
Payments by month
Total Outstanding Fiscal YearSource of
Project Name / Debt ObligationPayeeDescriptionProject AreaJan 2012Feb 2012Mar 2012Apr 2012May 2012Jun 2012Total
Debt or Obligation 2011-2012**Fund***
City of TustinCity of Tustinpass thru payments per AB 1290
5,040,72376,58076,580
1)GeneralRPTTF$ 76,580.00
Tustin Unified School District (TUSD)TUSDpass thru payments per AB 1290
56,531,860858,850858,850
2)GeneralRPTTF$ 858,850.00
Santa Ana Unified School District (SAUSD)SAUSDpass thru payments per AB 1290
2,644,38040,17440,174
3)GeneralRPTTF$ 40,174.00
Irvine Unified School District (IUSD)IUSDpass thru payments per AB 1290
43,344,635658,506658,506
4)GeneralRPTTF$ 658,506.00
South Orange County Community College SOCCCDpass thru payments per AB 1290
21,465,486326,111326,111
5)GeneralRPTTF$ 326,111.00
District (SOCCCD)
Rancho Santiago Community College District RSCCDpass thru payments per AB 1290
581,3868,8338,833
6)GeneralRPTTF$ 8,833.00
(RSCCD)
Orange County Water District (OCWD)OCWDpass thru payments per AB 1290
1,590,62724,16524,165
7)GeneralRPTTF$ 24,165.00
Orange County Transit Authority (OCTA)OCTApass thru payments per AB 1290
544,2948,2698,269
8)GeneralRPTTF$ 8,269.00
Orange County Sanitation District (OCSD)OCSDpass thru payments per AB 1290
3,180,44848,31848,318
9)GeneralRPTTF$ 48,318.00
Orange County Library DistrictCounty of Orangepass thru payments per AB 1290
3,234,47449,13949,139
10)GeneralRPTTF$ 49,139.00
Orange County Department of EducationCounty of Orangepass thru payments per AB 1290
4,048,57661,50761,507
11)GeneralRPTTF$ 61,507.00
County of OrangeCounty of Orangepass thru payments per AB 1290
11,950,912181,562181,562
12)GeneralRPTTF$ 181,562.00
Orange County Flood Control DistrictCounty of Orangepass thru payments per AB 1290
3,835,85858,27658,276
13)GeneralRPTTF$ 58,276.00
Orange County Harbors, Beaches, & ParksCounty of Orangepass thru payments per AB 1290
2,965,15045,04845,048
14)GeneralRPTTF$ 45,048.00
Orange County Vector Control DistrictCounty of Orangepass thru payments per AB 1290
216,9113,2953,295
15)GeneralRPTTF$ 3,295.00
Orange County Cemetery District (OCCD)OCCDpass thru payments per AB 1290
96,2791,4631,463
16)GeneralRPTTF$ 1,463.00
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
Totals - Other Obligations $ 161,271,999$ 2,450,096$ - $ -$ -$ -$ -$ 2,450,096.00$
-$ 2,450,096.00
* The Preliminary Draft Recognized Obligation Payment Schedule (ROPS) is to be completed by 3/1/2012 by the successor agency, and subsequently be approved by the oversight board before
the final ROPS is submitted to the State Controller and State Department of Finance by April 15,
2012. It is not a requirement that the Agreed Upon Procedures Audit be completed before submitting the final Oversight Approved ROPS to the State Controller and State Department of
Finance.
** All total due during fiscal year and payment amounts are projected.
*** Funding sources from the successor agency: (For fiscal 2011-12 only, references to RPTTF could also mean tax increment allocated to the Agency prior to February 1, 2012.)
RPTTF - Redevelopment Property Tax Trust Fund Bonds - Bond proceedsOther - reserves, rents, interest earnings, etc
LMIHF - Low and Moderate Income Housing FundAdmin - Successor Agency Administrative Allowance
**** - Only the January through June 2012 ROPS should include expenditures for pass-through payments. Starting with the July through December 2012 ROPS, per HSC section 34183 (a) (1),
the county auditor controller will make the required pass-through payments prior to transferring
money into the successor agency's Redevelopment Obligation Retirement Fund for items listed in an oversight board approved ROPS.