Resolution Number SACRA 20-01-21-01Recognized Obligation Payment Schedule (ROPS 20-21) - Summary
Filed for the July 1, 2020 through June 30, 2021 Period
Successor Agency: San Juan Capistrano
County: Orange
Current Period Requested Funding for Enforceable
Obligations (ROPS Detail)
20-21A Total
(July -
December)
20-21B Total
(January -
June)
ROPS 20-21
Total
A Enforceable Obligations Funded as Follows (B+C+D) $ - $ 8,236,598 $ 8,236,598
B Bond Proceeds - - -
C Reserve Balance - - -
D Other Funds - 8,236,598 8,236,598
E Redevelopment Property Tax Trust Fund (RPTTF) (F+G) $ 1,108,983 $ 3,113,598 $ 4,222,581
F RPTTF 1,019,691 3,024,306 4,043,997
G Administrative RPTTF 89,292 89,292 178,584
H Current Period Enforceable Obligations (A+E) $ 1,108,983 $ 11,350,196 $ 12,459,179
Certification of Oversight Board Chairman:
Name Title
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. /s/
Signature Date
EXHIBIT A - Page 1 of 7
San Juan Capistrano
Recognized Obligation Payment Schedule (ROPS 20-21) - ROPS Detail
July 1, 2020 through June 30, 2021
A B C D E F G H I J K L M N O P Q R S T U V W
Item
# Project Name Obligation
Type
Agreement
Execution
Date
Agreement
Termination
Date
Payee Description Project
Area
Total
Outstanding
Obligation
Retired ROPS
20-21 Total
ROPS 20-21A (Jul - Dec)
20-21A
Total
ROPS 20-21B (Jan - Jun)
20-21B
Total
Fund Sources Fund Sources
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
$43,933,662 $12,459,179 $- $- $- $1,019,691 $89,292 $1,108,983 $- $- $8,236,598 $3,024,306 $89,292 $11,350,196
3 2008 Tax
Allocation
Bonds, Series
A
Bonds
Issued On
or Before
12/31/10
06/03/
2008
08/01/2033 U.S. Bank,
N.A.
Finance
Agency
Projects in the
Central Project
Area consistent
with the
Redevelopment
Plan
Central 8,858,104 N $646,591 - - - - - $- - - - 646,591 - $646,591
4 2008 Tax
Allocation
Bonds, Series
B (Taxable)
Bonds
Issued On
or Before
12/31/10
06/03/
2008
08/01/2033 U.S. Bank,
N.A.
Finance
Agency
Affordable
Housing
Projects
Central 12,963,903 N $946,962 - - - - - $- - - - 946,962 - $946,962
5 Tax Allocation
Bond
Reserve Set-
Aside (See
Notes)
Reserves 01/01/
2014
06/30/2018 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
06/17/
1997
12/31/2019 Fluidmaster,
Inc.
Elimination of
Blight/
Economic
Development
Central - N $- - - - - - $- - - - - - $-
7 OPA-
Capistrano
Volkswagen
OPA/DDA/
Construction
04/17/
2001
06/30/2020 Miles
Brandon
Elimination of
Blight/Business
Retention
Central 6,783 N $6,783 - - - - - $- - - - 6,783 - $6,783
8 OPA-Sierra
Vista
OPA/DDA/
Construction
04/01/
2003
06/30/2019 Sierra Vista
Partners
Elimination of
Blight/
Economic
Development
Central - N $- - - - - - $- - - - - - $-
9 Agreement-
TCAG Ford
OPA/DDA/
Construction
10/19/
2010
03/01/2038 Tuttle Click
Automotive
Group
(TCAG,
Inc.)
Elimination of
Blight/Business
Retention
Central 165,000 N $165,000 - - - 160,000 - $160,000 - - - 5,000 - $5,000
10 Agreement-
OC Chrysler
OPA/DDA/
Construction
01/07/
2011
06/30/2031 Chrysler
Group
Realty Co.,
LLC
Elimination of
Blight/
Economic
Development
Central 175,000 N $175,000 - - - 93,000 - $93,000 - - - 82,000 - $82,000
12 Kinoshita Third-Party 02/28/03/01/2021 Kinoshita Property Central 4,151,438 N $4,151,438 - - - 117,494 - $117,494 - - 4,033,944 - - $4,033,944
EXHIBIT A - Page 2 of 7
A B C D E F G H I J K L M N O P Q R S T U V W
Item
# Project Name Obligation
Type
Agreement
Execution
Date
Agreement
Termination
Date
Payee Description Project
Area
Total
Outstanding
Obligation
Retired ROPS
20-21 Total
ROPS 20-21A (Jul - Dec)
20-21A
Total
ROPS 20-21B (Jan - Jun)
20-21B
Total
Fund Sources Fund Sources
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
Acquisition -
Note
Extension
(interest
payments
through
March 1,
2021)
Loans 2011 Enterprises,
L.P.
Acquisition/
parks & Ag.
Preservation
13 Kinoshita
Acquisition -
Note
Extension
(interest
payments
through
March 1,
2021)
Third-Party
Loans
02/28/
2011
03/01/2021 Bobby
Kinoshita
Investment
Enterprises,
L.P.
Property
Acquisition/
parks & Ag.
Preservation
Central 4,325,061 N $4,325,061 - - - 122,407 - $122,407 - - 4,202,654 - - $4,202,654
14 Kinoshita
Note Principal
Payment Set-
aside
Third-Party
Loans
02/28/
2011
03/01/2021 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
exchange
01/20/
1988
06/30/2026 City of San
Juan
Capistrano
Elimination of
Blight/
Economic
Development
Central 301,575 N $301,575 - - - 150,000 - $150,000 - - - 151,575 - $151,575
17 Trulis
Acquisition -
Loan
Agreement
(City/Agency
Loan #2 - See
Notes)
City/County
Loan (Prior
06/28/11),
Cash
exchange
10/01/
1998
06/30/2026 City of San
Juan
Capistrano
Property
Acquisition/
Elimination of
Blight
Central 8,126 N $8,126 - - - 4,063 - $4,063 - - - 4,063 - $4,063
18 Administration
Loan
Agreement
(City/Agency
Loan #3 - See
Notes)
City/County
Loan (Prior
06/28/11),
Cash
exchange
06/01/
2004
06/30/2026 City of San
Juan
Capistrano
Administration/
Project Costs
Central - N $- - - - - - $- - - - - - $-
28 Administrative
Cost
Allowance
Admin
Costs
07/01/
2014
06/30/2018 City of San
Juan
Capistrano
3% allowance
for
administrative
costs incurred.
Central 178,584 N $178,584 - - - - 89,292 $89,292 - - - - 89,292 $89,292
EXHIBIT A - Page 3 of 7
A B C D E F G H I J K L M N O P Q R S T U V W
Item
# Project Name Obligation
Type
Agreement
Execution
Date
Agreement
Termination
Date
Payee Description Project
Area
Total
Outstanding
Obligation
Retired ROPS
20-21 Total
ROPS 20-21A (Jul - Dec)
20-21A
Total
ROPS 20-21B (Jan - Jun)
20-21B
Total
Fund Sources Fund Sources
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
32 Legal Costs
associated
with assets,
obligations
and property.
Litigation 08/20/
1991
06/30/2017 Straddling,
Yocca,
Carlson &
Rauth
Section
34171(b) - cost
of maintaining
assets prior to
disposition
Central - N $- - - - - - $- - - - - - $-
51 Lower Rosan
Ranch - 2016
Subordinated
Tax Allocation
Note (See
Notes)
Refunding
Bonds
Issued After
6/27/12
11/01/
2016
08/01/2021 Western
Alliance
Bank
Refunding F&M
Note
Central 2,193,559 N $745,454 - - - 372,727 - $372,727 - - - 372,727 - $372,727
52 Costs
associated
with selling
properties
(appraisals,
surveys, etc.)
Property
Dispositions
09/27/
2016
09/27/2017 DMG, Inc. Appraisal of
properties that
are to be sold
and the
proceeds
distributed to
the taxing
entities
Central - N $- - - - - - $- - - - - - $-
53 2018 Tax
Allocation
Refunding
Bonds
Refunding
Bonds
Issued After
6/27/12
08/23/
2018
02/01/2033 U.S. Bank,
N.A.
Principal
payment on
refunding
bonds to
refinance
Kinoshita notes
10,606,529 N $808,605 - - - - - $- - - - 808,605 - $808,605
54 2018 Tax
Allocation
Refunding
Bonds -
Reserve Set-
Aside (see
notes)
Reserves 08/23/
2018
02/01/2033 U.S. Bank,
N.A.
Reserve set-
aside for
August 1, 2019
debt service
payment - H&S
Code Section
34171(b)
- N $- - - - - - $- - - - - - $-
EXHIBIT A - Page 4 of 7
San Juan Capistrano
Recognized Obligation Payment Schedule (ROPS 20-21) - Report of Cash Balances
July 1, 2017 through June 30, 2018
(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.
A B C D E F G H
ROPS 17-18 Cash Balances
(07/01/17 - 06/30/18)
Fund Sources Comments
Bond Proceeds 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
1 Beginning Available Cash Balance (Actual 07/01/17)
RPTTF amount should exclude "A" period distribution
amount.
1,775,237 2,287,285 159,568
2 Revenue/Income (Actual 06/30/18)
RPTTF amount should tie to the ROPS 17-18 total
distribution from the County Auditor-Controller
45,000 3,056,177
3 Expenditures for ROPS 17-18 Enforceable Obligations
(Actual 06/30/18)
174,098 325,860 14,881 2,822,452
4 Retention of Available Cash Balance (Actual 06/30/18)
RPTTF amount retained should only include the amounts
distributed as reserve for future period(s)
1,961,416 -
5 ROPS 17-18 RPTTF Prior Period Adjustment
RPTTF amount should tie to the Agency's ROPS 17-18 PPA
form submitted to the CAC
No entry required
233,725
6 Ending Actual Available Cash Balance (06/30/18)
C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5)
$1,601,139 $- $9 $30,119 $159,568
EXHIBIT A - Page 5 of 7
San Juan Capistrano
Recognized Obligation Payment Schedule (ROPS 20-21) - Notes
July 1, 2020 through June 30, 2021
Item # Notes/Comments
3 The total obligation outstanding includes all principal and interest expected to be outstanding at June
30, 2020.
4 The total obligation outstanding includes all principal and interest expected to be outstanding at June
30, 2020.
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, 2020. 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, 2020. 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, 2020. 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, 2020.
10 The total obligation outstanding includes all principal and interest expected to be outstanding at June
30, 2020.
12 The total obligation outstanding includes all principal and interest expected to be outstanding at June
30, 2020. Payments for FY 20-21 are interest only at 6.0%.
13 The total obligation outstanding includes all principal and interest expected to be outstanding at June
30, 2020. Payments for FY 20-21 are interest only at 6.0%.
14 The obligations in lines 12 and 13 have principal payments 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, 2020.
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, 2020.
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, 2020.
EXHIBIT A - Page 6 of 7
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, 2020.
54 Set-aside reserve pursuant to H&S Code Section 34171(b).
EXHIBIT A - Page 7 of 7