Resolution Number SACRA 19-01-15-01Successor Agency:San Juan CapistranoCounty:OrangeCurrent Period Requested Funding for Enforceable Obligations (ROPS Detail) 19-20A Total(July - December) 19-20B Total(January - June) ROPS 19-20 Total A-$ -$ -$ B- - - C- - - D- - - E1,584,085$ 3,290,625$ 4,874,710$ F1,459,085 3,165,625 4,624,710 G125,000 125,000 250,000 H Current Period Enforceable Obligations (A+E):1,584,085$ 3,290,625$ 4,874,710$ NameTitle/s/SignatureDateRecognized Obligation Payment Schedule (ROPS 19-20) - SummaryFiled for the July 1, 2019 through June 30, 2020 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 of 4
AB C DEF G HIJKLMNOPQRSTUVW Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF $ 48,728,020 $ 4,874,710 $ 0 $ 0 $ 0 $ 1,459,085 $ 125,000 $ 1,584,085 $ 0 $ 0 $ 0 $ 3,165,625 $ 125,000 $ 3,290,625 3 2008 Tax Allocation Bonds, Series ABonds Issued On or Before 12/31/106/3/2008 8/1/2033 U.S. Bank, N.A. Finance Agency Projects in the Central Project Area consistent with the Central 9,503,185 N $ 645,081 $ - 645,081 $ 645,081 4 2008 Tax Allocation Bonds, Series B (Taxable)Bonds Issued On or Before 12/31/106/3/2008 8/1/2033 U.S. Bank, N.A. Finance Agency Affordable Housing ProjectsCentral 13,909,153 N $ 945,250 $ - 945,250 $ 945,250 5 Tax Allocation Bond Reserve Set-Aside (See Notes)Reserves 1/1/2014 6/30/2018 U.S. Bank, N.A. Reserve set-aside for August 1, 2019 debt service payment - H&S Code Section 34171(b)Central N $ - $ - $ - 6 OPA-Fluidmaster OPA/DDA/Construction 6/17/1997 12/31/2019 Fluidmaster, Inc. Elimination of Blight/Economic DevelopmentCentral 34,760 N $ 34,760 34,760 $ 34,760 $ - 7 OPA-Capistrano Volkswagen OPA/DDA/Construction 4/17/2001 6/30/2020 Miles Brandon Elimination of Blight/Business RetentionCentral 41,783 N $ 35,000 $ - 35,000 $ 35,000 8 OPA-Serra Vista OPA/DDA/Construction 4/1/2003 6/30/2019 Sierra Vista Partners Elimination of Blight/Economic DevelopmentCentral 5,386 N $ 5,386 5,386 $ 5,386 $ - 9 Agreement-TCAG Ford OPA/DDA/Construction 10/19/2010 3/1/2038 Tuttle Click Automotive Group (TCAG, Inc.)Elimination of Blight/Business RetentionCentral 954,777 N $ 155,000 150,000 $ 150,000 5,000 $ 5,000 10 Agreement-OC Chrysler OPA/DDA/Construction 1/7/2011 6/30/2031 Chrysler Group Realty Co., LLCElimination of Blight/Economic DevelopmentCentral 514,380 N $ 175,000 93,000 $ 93,000 82,000 $ 82,000 12 Kinoshita Acquisition - Note Extension (interest payments through March 1, 2021)Third-Party Loans 2/28/2011 3/1/2021 Kinoshita Enterprises, L.P. Property Acquisition/parks & Ag. PreservationCentral 4,503,918 N $ 234,988 117,494 $ 117,494 117,494 $ 117,494 13 Kinoshita Acquisition - Note Extension (interest payments through March 1, 2021)Third-Party Loans 2/28/2011 3/1/2021 Bobby Kinoshita Investment Enterprises, L.P.Property Acquisition/parks & Ag. PreservationCentral 4,692,284 N $ 244,814 122,407 $ 122,407 122,407 $ 122,407 14 Kinoshita Note Principal Payment Set-asideThird-Party Loans 2/28/2011 3/1/2021 See Items 12-13 above Reserve set-aside for March 1, 2021 principal payment on both notes - $7,996,697.Central N $ - $ - $ - 16 Tax Anticipation Agreement (City/Agency Loan #1-See Notes)City/County Loan (Prior 06/28/11), Cash exchange1/20/1988 6/30/2026 City of San Juan Capistrano Elimination of Blight/Economic DevelopmentCentral 601,575 N $ 300,000 150,000 $ 150,000 150,000 $ 150,000 17 Trulis Acquisition - Loan Agreement (City/Agency Loan #2 - See Notes)City/County Loan (Prior 06/28/11), Cash exchange10/1/1998 6/30/2026 City of San Juan Capistrano Property Acquisition/Elimination of BlightCentral 108,126 N $ 100,000 50,000 $ 50,000 50,000 $ 50,000 18 Administration Loan Agreement (City/Agency Loan #3 - See Notes)City/County Loan (Prior 06/28/11), Cash exchange6/1/2004 6/30/2026 City of San Juan Capistrano Administration/Project Costs Central N $ - $ - $ - 28 Administrative Cost Allowance Admin Costs 7/1/2014 6/30/2018 City of San Juan Capistrano 3% allowance for administrative costs incurred.Central250,000 N $ 250,000 125,000 $ 125,000 125,000 $ 125,000 32 Legal Costs associated with assets, obligations and property.Litigation8/20/19916/30/2017 Straddling, 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 6/27/1211/1/20168/1/2021 Western Alliance Bank Refunding F&M Note Central2,193,559 N $ 745,454 372,727 $ 372,727 372,727 $ 372,727 52 Costs associated with selling properties (appraisals, surveys, etc.)Property Dispositions 9/27/20169/27/2017 DMG, Inc.Appraisal of properties that are to be sold and the proceeds distributed to the taxing entitiesCentral N $ - $ - $ - 53 2018 Tax Allocation Refunding BondsRefunding Bonds Issued After 6/27/128/23/20182/1/2033 U.S. Bank, N.A.Principal payment on refunding bonds to refinance Kinoshita notes Central11,415,134 N $ 1,003,977 363,311 $ 363,311 640,666 $ 640,666 54 2018 Tax Allocation Refunding Bonds - Reserve Set-Aside (see notes)Reserves8/23/20182/1/2033 U.S. Bank, N.A.Reserve set-aside for August 1, 2019 debt service payment - H&S Code Section 34171(b)Central N $ - $ - $ - 55 N $ - $ - $ - Contract/Agreement Termination DateROPS 19-20 Total 19-20B (January - June) 19-20ATotal San Juan Capistrano Recognized Obligation Payment Schedule (ROPS 19-20) - ROPS DetailJuly 1, 2019 through June 30, 2020(Report Amounts in Whole Dollars)Item #Payee Description/Project Scope Project Area Total Outstanding Debt or Obligation Retired 19-20A (July - December) 19-20BTotal Project Name/Debt Obligation Obligation TypeContract/Agreement Execution Date Fund Sources Fund Sources EXHIBIT A - Page 2 of 4
AB CDEFGH Reserve Balance Other Funds RPTTF Bonds issued on or before 12/31/10 Bonds issued on or after 01/01/11 Prior ROPS RPTTF and Reserve Balances retained for future period(s) Rent,Grants,Interest, etc. Non-Admin and Admin 1Beginning Available Cash Balance (Actual 07/01/16)RPTTF amount should exclude "A" period distribution amount1,774,450 557,559 Actual ROPS Fund Cash Balance of $2,518,388 less $1,960,829 RPTTF received in June 20162Revenue/Income (Actual 06/30/17) RPTTF amount should tie to the ROPS 16-17 total distribution from the County Auditor-Controller 787 45,000 5,041,377 June 2016 RPTTF Receipt of $1,960,829 and January 2017 RPTTF Receipt $3,080,5483Expenditures for ROPS 16-17 Enforceable Obligations (Actual 06/30/17)45,000 3,152,083 Actual payments per Prior Period Adjustment Report (L7)4Retention of Available Cash Balance (Actual 06/30/17) RPTTF amount retained should only include the amounts distributed as reserve for future period(s)1,775,237 325,869 Reserve Balance from ROPS 17-18 (M6)5ROPS 16-17 RPTTF Prior Period AdjustmentRPTTF amount should tie to the Agency's ROPS 16-17 PPA form submitted to the CAC1,961,416 Actual adjustment per Prior Period Adjustment Report (M7)6 Ending Actual Available Cash Balance (06/30/17)C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5) 0$ 0$ 0$ 0$ 159,568$ No entry requiredSan Juan Capistrano Recognized Obligation Payment Schedule (ROPS 19-20) - Report of Cash Balances July 1, 2016 through June 30, 2017(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 Sheet.Fund SourcesComments Bond Proceeds ROPS 16-17 Cash Balances(07/01/16 - 06/30/17)EXHIBIT A - Page 3 of 4
Item #Notes/Comments
1 The total obligation has been fulfilled.
3 The total obligation outstanding includes all principal and interest expected to be outstanding at June 30, 2019.
4 The total obligation outstanding includes all principal and interest expected to be outstanding at June 30, 2019.
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, 2019. 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, 2019. 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, 2019. 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, 2019.
10 The total obligation outstanding includes all principal and interest expected to be outstanding at June 30, 2019.
12 The total obligation outstanding includes all principal and interest expected to be outstanding at June 30, 2019. Payments for FY 19-20 are interest only at 6.0%.
13 The total obligation outstanding includes all principal and interest expected to be outstanding at June 30, 2019. Payments for FY 19-20 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.
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, 2019.
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, 2019.
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, 2019.
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.
53 2019 Tax Allocation Refunding Bonds - The total obligation outstanding includes all principal and interest expected to be outstanding at June 30, 2019.
54 Set-aside reserve pursuant to H&S Code Section 34171(b).
San Juan Capistrano Recognized Obligation Payment Schedule (ROPS 19-20) - Notes July 1, 2019 through June 30, 2020
EXHIBIT A - Page 4 of 4