Resolution Number SACRA 18-01-16-01Successor Agency:San Juan CapistranoCounty:OrangeCurrent Period Requested Funding for Enforceable Obligations (ROPS Detail) 18-19A Total(July - December) 18-19B Total(January - June) ROPS 18-19 Total A-$ 35,000$ 35,000$ B- - - C- - - D- 35,000 35,000 E2,820,273$ 1,700,392$ 4,520,665$ F2,695,273 1,575,392 4,270,665 G125,000 125,000 250,000 H Current Period Enforceable Obligations (A+E):2,820,273$ 1,735,392$ 4,555,665$ Name Title/s/Signature DateRecognized Obligation Payment Schedule (ROPS 18-19) - SummaryFiled for the July 1, 2018 through June 30, 2019 PeriodEnforceable Obligations Funded as Follows (B+C+D): RPTTF Redevelopment Property Tax Trust Fund (RPTTF) (F+G):Bond ProceedsReserve BalanceOther Funds Administrative RPTTFCertification of Oversight Board Chairman:Pursuant to Section 34177 (o) of the Health and Safety code, I hereby certify that the above is a true and accurate Recognized Obligation Payment Schedule for the above named successor agency.EXHIBIT A - Page 1
AB C DE F G HIJKLMNOPQRSTUVW Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF $ 48,275,865 $ 4,555,665 $ - $ - $ - $ 2,695,273 $ 125,000 $ 2,820,273 $ - $ - $ 35,000 $ 1,575,392 $ 125,000 $ 1,735,392 1 1997 Subordinated Taxable Tax Bonds Issued On or Before 5/6/19978/1/2017Bank of New YorkAffordable Housing ProjectsCentral - Y $ - $ - $ - 3 2008 Tax Allocation Bonds, Series ABonds Issued On or Before 12/31/106/3/20088/1/2033U.S. Bank, N.A.Finance Agency Projects in the Central Project Area consistent with the Redevelopment PlanCentral 10,141,997 N $ 638,813 487,397 $ 487,397 151,416 $ 151,416 4 2008 Tax Allocation Bonds, Series B (Taxable)Bonds Issued On or Before 12/31/106/3/20088/1/2033U.S. Bank, N.A.Finance Agency Affordable Housing ProjectsCentral 14,846,567 N $ 937,416 656,318 $ 656,318 281,098 $ 281,098 5 Tax Allocation Bond Reserve Set-Aside (See Notes) Reserves1/1/20146/30/2018U.S. Bank, N.A.Reserve set-aside for August 1, 2013 debt service payment - H&S Code Section 34171(b)Central - N $ 294,423 $ - 294,423 $ 294,423 6 OPA-FluidmasterOPA/DDA/Construction 6/17/199712/31/2019 Fluidmaster, Inc.Elimination of Blight/Economic DevelopmentCentral 74,760 N $ 40,000 40,000 $ 40,000 $ - 7 OPA-Capistrano Volkswagen OPA/DDA/Construction 4/17/20016/30/2020Miles BrandonElimination of Blight/Business RetentionCentral 76,783 N $ 35,000 $ - 35,000 $ 35,000 8 OPA-Sierra VistaOPA/DDA/Construction 4/1/20036/30/2019Sierra Vista Partners Elimination of Blight/Economic DevelopmentCentral 16,402 N $ 16,402 16,402 $ 16,402 $ - 9 Agreement-TCAG FordOPA/DDA/Construction 10/19/20103/1/2038Tuttle Click Automotive Group (TCAG, Inc.)Elimination of Blight/Business RetentionCentral 1,051,617 N $ 209,000 104,500 $ 104,500 104,500 $ 104,500 10 Agreement-OC ChryslerOPA/DDA/Construction 1/7/20116/30/2031Chrysler Group Realty Co., LLCElimination of Blight/Economic DevelopmentCentral 530,981 N $ 247,500 123,750 $ 123,750 123,750 $ 123,750 12 Kinoshita Acquisition - Note Extension (interest payments through March 1, 2021)Third-Party Loans2/28/20113/1/2021Kinoshita Enterprises, L.P. Property Acquisition/parks & Ag. PreservationCentral 3,681,462 N $ 234,988 117,494 $ 117,494 117,494 $ 117,494 13 Kinoshita Acquisition - Note Extension (interest payments through March 1, 2021)Third-Party Loans2/28/20113/1/2021Bobby Kinoshita Investment Enterprises, L.P.Property Acquisition/parks & Ag. PreservationCentral 3,835,433 N $ 244,814 122,407 $ 122,407 122,407 $ 122,407 14 Kinoshita Note Principal Payment Set-asideThird-Party Loans2/28/20113/1/2021See Items 12-13 above Reserve set-aside for March 1, 2021 principal payment on both notes - $7,996,697.Central7,996,697 N100,000 50,000 50,000 50,000 50,000 16 Tax Anticipation Agreement (City/Agency Loan #1-See Notes)City/County Loans On or Before 6/27/111/20/19886/30/2026City of San Juan CapistranoElimination of Blight/Economic DevelopmentCentral899,014 N300,000 150,000 150,000 150,000 150,000 17 Trulis Acquisition - Loan Agreement (City/Agency Loan #2 - See Notes)City/County Loans On or Before 6/27/1110/1/19986/30/2026City of San Juan CapistranoProperty Acquisition/Elimination of BlightCentral207,535 N100,000 50,000 50,000 50,000 50,000 18 Administration Loan Agreement (City/Agency Loan #3 - See Notes)City/County Loans On or Before 6/27/116/1/20046/30/2026City of San Juan CapistranoAdministration/Project Costs Central1,684,800 N175,000 87,500 87,500 87,500 87,500 28 Administrative Cost Allowance Admin Costs7/1/20146/30/2018City of San Juan Capistrano3% allowance for administrative costs incurred.Central 250,000 N $ 250,000 125,000 $ 125,000 125,000 $ 125,000 32 Legal Costs associated with assets, obligations and property.Litigation8/20/19916/30/2017Straddling, Yocca, Carlson & RauthSection 34171(b) - cost of maintaining assets prior to dispositionCentral N 51 Lower Rosan Ranch - 2016 Subordinated Tax Allocation Note (See Notes)Refunding Bonds Issued After 6/27/1211/1/20168/1/2021Western Alliance Bank Refunding F&M Note 2,981,817 N $ 732,309 689,505 $ 689,505 42,804 $ 42,804 52 Costs associated with selling properties (appraisals, surveys, etc.)Property Dispositions 9/27/20169/27/2017DMG, Inc.Appraisal of properties that are to be sold and the proceeds distributed to the taxing entities N 53 N $ - $ - $ - 54 N $ - $ - $ - 55 N $ - $ - $ - 56 N $ - $ - $ - 57 N $ - $ - $ - 58 N $ - $ - $ - Contract/Agreement Termination Date ROPS 18-19 Total 18-19B (January - June) 18-19ATotal San Juan Capistrano Recognized Obligation Payment Schedule (ROPS 18-19) - ROPS DetailJuly 1, 2018 through June 30, 2019(Report Amounts in Whole Dollars)Item #Payee Description/Project Scope Project Area Total Outstanding Debt or Obligation Retired 18-19A (July - December) 18-19BTotal Project Name/Debt Obligation Obligation TypeContract/Agreement Execution Date Fund Sources Fund Sources EXHIBIT A - Page 2 of 4
AB CDEFGHIOther RPTTF Bonds issued on or before 12/31/10 Bonds issued on or after 01/01/11 Prior ROPS period balances and DDR RPTTF balances retained Prior ROPS RPTTF distributed as reserve for future period(s) Rent,grants,interest, etc. Non-Admin and Admin 1Beginning Available Cash Balance (Actual 07/01/15)1,774,443 384,015 Actual ROPS Fund Cash Balance of $2,508,638 less $2,124,623 RPTTF Received in June 20152Revenue/Income (Actual 06/30/16) RPTTF amounts should tie to the ROPS 15-16 total distribution from the County Auditor-Controller during June 2015 and January 2016.7 68,348 3,969,252 June 2015 RPTTF Receipt and January 2016 RPTTF Receipt3Expenditures for ROPS 15-16 Enforceable Obligations (Actual 06/30/16)68,348 3,986,317 Actual Payments Per Prior Period Adjustment Report4Retention of Available Cash Balance (Actual 06/30/16) RPTTF amount retained should only include the amounts distributed as reserve for future period(s)1,774,450 294,423 5ROPS 15-16 RPTTF Balances RemainingNo entry required6 Ending Actual Available Cash Balance (06/30/16)C to G = (1 + 2 - 3 - 4), H = (1 + 2 - 3 - 4 + 5) -$ -$ -$ -$ -$ 72,527$ San Juan Capistrano Recognized Obligation Payment Schedule (ROPS 18-19) - Report of Cash Balances July 1, 2015 through June 30, 2016(Report Amounts in Whole Dollars)Pursuant to Health and Safety Code section 34177 (l), 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 SheetFund SourcesComments Bond Proceeds Reserve Balance Cash Balance Information for ROPS 15-16 Actuals (07/01/15 - 06/30/16)EXHIBIT A - Page 3
Item # Notes/Comments1 The total obligation has been fulfilled.3 The total obligation outstanding includes all principal and interest expected to be outstanding at June 30, 2018.4 The total obligation outstanding includes all principal and interest expected to be outstanding at June 30, 2018.5 Set‐aside reserve pursuant to H&S Code Section 34171(b).6 The total obligation outstanding is the amount expected to be outstanding as of June 30, 2018. The agreement end date is upon complete payment of obligation. As instructed by DOF staff, an estimated date has been included.7 The total obligation outstanding is the amount expected to be outstanding as of June 30, 2018. The agreement end date is upon complete payment of obligation. As instructed by DOF staff, an estimated date has been included.8 The total obligation outstanding is the amount expected to be outstanding as of June 30, 2018. The agreement end date is upon complete payment of obligation. As instructed by DOF staff, an estimated date has been included.9 The total obligation outstanding includes all principal and interest expected to be outstanding at June 30, 2018.10 The total obligation outstanding includes all principal and interest expected to be outstanding at June 30, 2018. 12 The total obligation outstanding includes all principal and interest expected to be outstanding at June 30, 2018. Payments for FY 18‐19 are interest only at 6.0%.13 The total obligation outstanding includes all principal and interest expected to be outstanding at June 30, 2018. Payments for FY 18‐19 are interest only at 6.0%.14 The obligations in lines 12 and 13 have principal payments of $3,916,450.71 and $4,080,246.64, respectively which total $7,996,697.35 due on March 1, 2021. RPPTF projections show that if the Successor Agency does not set‐aside RPTTF ahead of March 1, 2021, there will not be sufficient RPTTF to meet these obligations when due. This will result in a default on these enforceable obligations. The Successor Agency projects that RPTTF will need to be set‐aside beginning no later than ROPS 17‐18B, in order to meet these obligations on March 1, 2021. 16 The City has received its Finding of Completion; this loan was approved by the Oversight Board pursuant to Health and Safety Code (HSC) Section 34191.4(b) on May 27, 2014, (Oversight Board Resolution14‐05‐27‐02); and DOF approved the loan and payment schedule on August 5, 2014 . The total obligation outstanding is the amount expected to be outstanding as of June 30, 2018.17 The City has received its Finding of Completion; this loan was approved by the Oversight Board pursuant to Health and Safety Code (HSC) Section 34191.4(b) on May 27, 2014 (Oversight Board Resolution14‐05‐27‐02); and DOF approved the loan and payment schedule on August 5, 2014 . The total obligation outstanding is the amount expected to be outstanding as of June 30, 2018.18 The City has received its Finding of Completion; this loan was approved by the Oversight Board pursuant to Health and Safety Code (HSC) Section 34191.4(b) on May 27, 2014 (Oversight Board Resolution14‐05‐27‐02); and DOF approved the loan and payment schedule on 10/19/2016. The total obligation outstanding is the amount expected to be outstanding as of June 30, 2018.28 Staff time and other administrative costs (estimated to be incurred for this ROPS period) provided pursuant to the Agreement for the Reimbursement of Costs approved by the Oversight Board on May 2, 2012, (Resolution 12‐05‐02‐01). The agreement continues until services are no longer needed. Therefore, the actual termination date is unknown.32 Legal costs associated with property, assets, and enforceable obligations (estimated) ‐ HSC Section 34171(b). The Agreement is valid until services are no longer needed. Therefore, the actual termination date is unknown.51 Debt service on DOF‐approved refinancing of Lower Rosan Farmers and Merchants Bank Note.52 Costs associated with selling property formerly owned by the CRA that are paid outside of escrow. The proceeds of sale will be distributed to the taxing entities. San Juan Capistrano Recognized Obligation Payment Schedule (ROPS 18-19) - Notes July 1, 2018 through June 30, 2019EXHIBIT A - Page 4 of 4