Resolution Number SACRA 14-09-02-01RESOLUTION NO. SACRA 14-09-02-01
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUCCESSOR
AGENCY TO THE SAN JUAN CAPISTRANO REDEVELOPMENT AGENCY
ADOPTING A RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR
THE PERIOD FROM JANUARY 1, 2015, THROUGH JUNE 30, 2015, AND
AUTHORIZING CERTAIN OTHER ACTIONS PURSUANT TO CALIFORNIA
HEALTH & SAFETY CODE SECTION 34181(g)
WHEREAS, the San Juan Capistrano Community Redevelopment Agency
("Agency") was a community redevelopment agency duly organized and existing under
the California Community Redevelopment Law, Health & Safety Code Section 33000, et
seq., which was 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 San Juan Capistrano ("City"); and,
WHEREAS, Assembly Bill X1 26 added Parts 1.8 and 1.85 to Division 24 of the
California Health & Safety Code, which laws cause the dissolution and wind down of all
redevelopment agencies ("Dissolution Act"); and,
WHEREAS, 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 were dissolved
as of and on February 1, 2012, under the dates in the Dissolution Act that were
reformed and extended thereby; and,
WHEREAS, the Agency is now a dissolved redevelopment agency pursuant to
the Dissolution Act; and,
WHEREAS, by a resolution considered and approved by the City Council at an
open public meeting the City chose to become and serve as the successor agency to
the dissolved Agency under the Dissolution Act; and,
WHEREAS, as of and on and after February 1, 2012, the City Council serves
and acts as the "Successor Agency" and will perform its functions as the successor
agency under the Dissolution Act to administer the enforceable obligations of the
Agency and otherwise unwind the Agency's affairs, all subject to the review and
approval by a seven -member oversight board ("Oversight Board"); and,
WHEREAS, Assembly Bill 1484, enacted on December 27, 2012, made certain
amendments to the Dissolution Act, including with respect to the process for adopting
Recognized Obligation Payment Schedules; and,
WHEREAS, pursuant to Section 34171(h) of the Dissolution Act, a "Recognized
Obligation Payment Schedule" means the document setting forth the minimum payment
amounts and due dates of payments required by enforceable obligations for each six-
month fiscal period as provided in subdivisions (1) and (m) of Section 34177 of the
Dissolution Act; and,
le
WHEREAS, pursuant to subdivisions (1) and (m) of Section 34177 of the
Dissolution Act, staff of the City, acting on behalf of the Successor Agency, has
prepared the Recognized Obligation Payment Schedule for the period covering January
1, 2015, through June 30, 2015, (ROPS 14-15B), in the form attached to this Resolution
as Exhibit A and incorporated herein by this reference; and,
WHEREAS, pursuant to Section 34177(1)(2)(6) of the Dissolution Act, staff of the
City, acting on behalf of the Successor Agency, is required to provide notice of the
Oversight Board's consideration of the ROPS 14-15B, along with the ROPS and the
staff report submitted to the Oversight Board, to the County Administrative Officer, the
Orange County Auditor -Controller, the State Controller's Office, and the State
Department of Finance, concurrently with the posting of the Agenda for the Oversight
Board's consideration of the ROPS 14-15B; and,
WHEREAS, the Successor Agency now desires to approve the ROPS 14-15B,
ratify all actions taken by City staff to prepare the ROPS 14-15B, and transmit the
ROPS 14-15B to the Oversight Board for its consideration.
NOW, THEREFORE, BE IT RESOLVED BY THE SUCCESSOR AGENCY OF
THE SAN JUAN CAPISTRANO 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 Successor Agency hereby approves the ROPS 14-15B in the
form attached to this Resolution as Exhibit A, which is incorporated herein by this
reference.
Section 3. The Successor Agency hereby authorizes the Executive Director
and/or the Finance Officer, acting on behalf of the Successor Agency, or their
authorized designees, to make such augmentations, modifications, additions or
revisions as they may deem appropriate.
Section 4. The Executive Director or her authorized designees are directed to
transmit the approved ROPS to the Oversight Board, the County Administrative Officer,
the County Auditor -Controller, the State Controller's Office, and the State Department of
Finance, and to cause the approved ROPS to be posted on the City's website, all in
accordance with Section 34177(I)(2)(C) of the Dissolution Act, and take other actions
necessary to obtain approval of the ROPS from the Oversight Board and the State
Department of Finance.
Section 5. This Resolution shall take effect immediately upon adoption.
Section 6. The Secretary shall certify to the adoption of this Resolution.
17
Page 2 of 3
PASSED, APPROVED and ADOPTED this 2ntl day of September 2014.
Larry Kirarher, Chair
ATTEST:
a�Lu CAY 1.
M@rip Morrig-Aglancy Secretary
STATE OF CALIFORNIA )
COUNTY OF ORANGE )as.
CITY OF SAN JUAN CAPISTRANO 1
I, MARIA MORRIS, appointed Agency Secretary of the Board of Directors of the
Successor Agency to the San Juan Capistrano Community Redevelopment Agency, do
hereby certify that the foregoing Resolution No. SACRA 14-09-02-01 was duly
adopted by the City Council of the City of San Juan Capistrano at a Regular meeting
thereof, held the 2ntl day of September 2014, by the following vote:
AYES: BOARD MEMBERS: Reeve, Taylor, Byrnes and Chair Kramer
NOES: BOARD MEMBERS: None
ABSENT: BOARD MEMBERS: Allevato
RR � l,ry
MARIA MORRIS, Agency Sec eta -
Page 3 of 3
L
Recognized Obligation Payment Schedule (ROPS 14-1513) - Summary
Filed for the January 1, 2015 through June 30, 2015 Period
Name of Successor Agency: San Juan Capistrano
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)
A Funding Sources (B+C+D): b 1,245,000
B Bond Proceeds Funding (ROPS Detail) 1,200,000
C Reserve Balance Funding (ROPS Detail)
D Other Funding (ROPS Detail) 45,000
E Enforceable Obligations Funded with RPTTF Funding (F+G): S 2,481,944
F Non -Administrative Costs (ROPS Detail) 2,356.944
G Administrative Costs (ROPS Detail) 125,000
H Current Period Enforceable Obligations (A+E): $ 3,726,944
Successor Agency Self -Reported Prior Period Adjustment to Current Period RPTTF Requested Funding
I Enforceable Obligations funded wrlh RPTTF (E): 2,481.944
J Less Prior Period Adjustment (Report of Prior Period Adjustments Column S) (73,040)
K Adjusted Current Period RPTTF Requested Funding (IJ) $ 2,408,904
County Auditor Controller Reported Prior Period Adjustment to Current Period RPTTF Requested Funding
L Enforceable Obligations funded with RPTTF (E): 2.481.844
M Less Prior Period Adjustment (Report of Prior Period Adjustments Column AA) -
N Adjusted Current Period RPTTF Requested Funding (L -M) 2,481,944
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
Obligation Payment Schedule for the above named agency.
Name
Title
Is!
Signature Date
Recognized Obligation Payment Schedule (ROPS 14-15B) - ROPS Detail
January 1, 2015 through June 30, 2015
(Report Amounts In Whole Dollars)
A B C D E F G H 1 J K L M N O P
Funding Source
Non -Redevelopment Property Tax Tent Fund
Total
on-RPTTF
Rp7TF
Reserve
Contract/Agreement
ContractlAgreement
Outstanding Debt
Item #
Project Name I Debt Obligation
Obligation Type
Execution Date
Termination Date
payee
Description/Project Scope
Proect Arsa
or Dbilostion
Retired
Bond Proceeds
Balance
Other Funds
Non -Admin
Admin
Six -Month Total
S 56.722,652
f 1200.000
f
f 45.000
f 2.356944
$ 125,000
f 3,726.944
1
1997 Subordinated Taxable Tax
Bonds Issued On or Before
516/1997
8/1/2017
Bank of New York
Affordable Housing Projects
Central
531,237
N
16,825
16,825
,Allocation Bonds
12/31/10
2
1998 Tax Allocation Refunding
Bonds Issued On or Before
6/24/1996
0/1/2016
U.S. Bank, N.A.
.Advance Refunding of the 1991 Tax
Central
1,046,787
N
23,706
23,7
Bonds
12/31/10
Allocation Bonds
3
2008 Tax Allocation Bonds, Series
'Bonds Issued On or Before
6/3/2008
8/1/2033
U.S. Bank, N A.
Finance Agency Projects in the
Central
12,229,050
N
173,497
173,497
A
12/31/10
Central Project Area consistent with
the Redevelopment Plan
4
2008 Tax Allocation Bonds, Series
Bonds Issued On or Before
6/3/2008
0/1/2033
U.S. Bank, N.A
Finance Agency Affordable Housing
Central
17,239,920
N
299,613
299,613
B(Taxable)
12131/10
Projects
5
Tax Allocation Bond Reserve Set-
Reserves
1/1/2014
12131/2014
US Bank, NA
Reserve set-aside for August 1, 2013
Central
N
Aside (See Notes)
debt service payment - H&S Code
Section 34171(b)
6
OPA-Fluidmaster
OPA/DDA/Construction
6/17/1997
3/30/2019
Fluidmasler, Inc
Elimination of Blight/Economic
Central
194,760
N
-
IDevelopment
7
OPA-Capistrano Volkswagen
OPA/DDA/Construction
4/1712001
3/30/2020
Maes Brandon
Elimination of Blight/Business
Central
181.783
N
35,000
35,000
Retention
8
OPA-Sierra Vista
-OPAIDDA/Construction
4/1/2003
6/30/2023
Sierra Vista Partners
IEbminalion of Bight/Economic
Central
58,077
N
-
Development _
9
Agreement-TCAG Ford
OPA/DDA/Construction
10/19/2010
3/1/2038
Tuttle Click Automotive
Elimination of Blight/Business
Central
1,568,592
N
125,000
125,000
Group (TCAG. Inc.)
(Retention
10
.Agreement -OC Chrysler
OPA/DDA/Conslruction
117/2011
6/30/2031
Chrysler Group Really Cd ,
Elimination of BighVEconomic
Central
1,205,776
N
50,000
50,000
LLC
(Development
11
'Lower Rosen Ranch - Loan Payable
'Third -Party Loans
7/6/2011
7/6/2016
Farmer's 8 Merchants
Property Acqulsitlon/Economic
Central
3,723,902
N
198,776
198,776
(See Notes)
Bank
(Development
12
Kinoshita Acquisition - Note
Thir"arty Loans
2/28/2011
3/1/2021
Kinoshita Enterprises, L P
Property Acqulsition/parks & Ag.
Central
5,443,873
N
117,494
117,494
Extension (interest payments
IPrownratlon
through March 1. 2021)
13
Kinoshita Acquisition - Note
Third -Party Loans
2/28/2011
3/112021
(Bobby Kinoshita
(Property Acquisilion/parks & Ag
Central
5,671,5371
N
122,407
122,407
Extension (interest payments
Investment Enterprises,
(Preservation
Through March 1, 2021)
L.P.
14
Kni *ft Note Principal Payment
Thlrll•Parly Loans
n"01 I
:V 102021
See items 12-13 above
Reserve 5e1 -Asad" for March t. 2021
Central
-
N
Sal loo
prinopaf paymam on beta nom4 -
s7,9W-607
15
Cooperation Agreement -
Cky/County Loans On or
3/5/1985
-6130/2026
City of San Juan
Developer Assistance/Affordable
Central
979,626
IN
979,626
979,626
Capistrano Pointe (See Notes)
Before 6/27111
-Capistrano
Housing
16
Tax Anticipalion Agreement
City/County Loans On or
1/20/1988
6/3012026
City of San Juan
(Elimination of Blight/Economic
Central
1,641,885
N
150,000
vio.000
(C RyAgency Loan #1 -See Notes)
(Before 6127111
Capistrano
Development
17
Tru lit Acquisition -Loan Agreement
Cay/County Loans On or
10/111998
5/30/2026
City of San Juan
(Property AcqusfbnlEBmnation of
Central
455,726
N
5D.000
50,000
fCitv/Aoencv Loan #2 - See Notes)
Before 027111
Capistrano
(Bight
18
Administration Loan Agreement
C"rty/County Loans On or
6/1/2004
Bi302026
City of San Juan
,Admnishation/Project Costs
Central
1,679,786
N
[C/Agency[Cilly/Agency Loan #3 - See Notes)
Before 6127/11
Capistrano
19
iOPA- Paseo De Verdugo (See
OPAIDDA/Construclion
2117/2009
5/30/2015
:26755 Vefdugo, LLC
Elimination of Blght/Economic
Central
Y
(notes)
Development
28
Administrative Cost Allowance
Admin Costs
7/11/2014
6/3012015
City of San Juan
3% allowance for administrative costs
Central
125,000
N
125,000
125,000
Capistrano
inmrre(L
29
Administrative Costs from other
Admin Costs
7/1/2014
5/30/2015
'Various Vendors
Section 34171(b) - Costs from other
Central
N
sources
sources - Bond Administration,
postage, audits, etc.
30
1Downtdv nln Master PWn/6he Groins
Protea! MsAagemrnt Cod%
912:1!12
01301016
City0san 'uan
SW*n 34171(bl - staff lime for
Central
Y
T
- -
Spoofic Pmlocl Inti mlenlet*n
Cin ilirar+e,
221ecl managlementAnd inspecllon
31
Property maintenance
(Property Maintenance
7/1/2014
6/30/2015
'Various Vendors
Section 34171(b) - cost of maintaining
Central
10,000
N
10,000
10,000
assets prior to osltlon
32
(Legal Costs associated with assets,
(Litigation
8120/1991
8130/2015
Straddling, Yocca, Carlson
Section 34171(b) - cost of maintaining
Central
50,000
N
50,000
50,000
obligations and property.
& Rauth
assets prior to disposition
48
TrU_ls illrgtrlsikxn - Loui semen
M )itovtn
10l1ff89tl
8
Clic er&an'Jlrars
11►9p1aviYAlig(r OnlElmroatinr, of
eerlital
N
-0n
47
AdmWaitabarr Loan Agreement
Ctykounly Loans or
V1/2004
6/30/2026
City of San Jusn'
Admimia"lion,'Proj9t;! Coms
Central
N
Before XWNI I
Ca o
EXHIBIT A - Page 2 of 8
Recognized Obligation Payment Schedule (ROPE 14-15B) - ROPS Detail
January 1, 2015 through June 30, 2015
(Report Amounts in Whole Dollars)
A
B
C
D
E
'
F
G
H
1
J
K L M N O
P
Funding Source
Non-Redevelopment Property Tax Trust Fund
Total
(Non-RPTTF)
RPTTF
Bond Proceeds
Reserve
Balance
Other Funds
Non-Admin
Admin
Item it
Project Name I Debt Obligation
Obligation Type
ContractiAgreement
Execution Date
ConrraeuAgrenment
Termination Date I
Payee
Description/Project Scope I
Project Area
Outstanding Debt
or Obll ation
Retired
Slx-Month Total
45
'Verdugo Street and Arguello Way
'improvement/infrastructure
711/2014
15/30/2015
City of San Juan
Design and construction of
Y
Improvements7Excess Bond
Capistrano; TBD
umprovements within the project area
Proceeds Obligation
In conjunction with the Historic Town
Center Master Plan
49
Forster StreetlCamino Capislrano
Improvement/Infrastructure
7/1/2014
-5/3012015
City of San Juan
(Design and construction of sidewalk
Y
Sidewalk Improvement
Capistrano; TBD
improvements within the project area
ProjacllExcess Bond Proceeds
in conjunction with the Historic Town
obligalion
I
lGenter Master Plan
50
AVordabla Hout: ng Pro)ects»xcoM
0PAJD0A?1'0rolruCli6in
Vire it4
IV310015
San Juan Captslrsrto
Acqum*- of propeny. 0faxrgn and
2,686,
N
t.2D0,
1,200,000
Bund ProCavda Ob6gatKw
Housing Aulnortty. T0D
construtuan o1 elamu(rg t Groves)
and other potential atlordatrta housng
prom
EXHIBIT A - Page 3 of 8
Recognized Obligation Payment Schedule (ROPS 14-15B) - 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 https://rad.dof.ca.eov/rad-
saJpdflCash Balance Agency Mins Sheet.pdf.
A
B
C
I D
I I-
I F
I G
H
1
Fund Sources
Bond Proceeds
Reserve Balance
Other
RPTTF
Prior ROPS
Prior ROPS
period balances
RPTTF
Bonds Issued
Bonds Issued
and DDR RPTTF
distributed as
Rent,
Non -Admin
on or before
on or after
balances
reserve for
Grants,
and
Cash Balance Information by ROPS Period
1 12131110
1 01101111
retained 1
future period(s)
1 Interest, Etc.
Admin
Comments
ROPS 13-14B Actuals (01101114 - 06130114)
1
Beginning Available Cash Balance (Actual 01101114)
10,413,066
473,000
631,957
250,068
2
Revenue/Income (Actual 06/30114)
RPTTF amounts should tie to the ROPS 13-14B distribution from the
County Auditor -Controller during January 2014
11,888
51,704
1,121,177
_
3
Expenditures for ROPS 13-14B Enforceable Obligations (Actual
06/30114)
RPTTF amounts, H3 plus H4 should equal total reported actual
expenditures in the Report of PPA, Columns L and Q
473.000
512,146
51,704
580,637
4
Retention of Available Cash Balance (Actual 06130/14)
RPTTF amount retained should only include the amounts distributed for
debt service reserve(s) approved in ROPS 13-14B
1,774,621
_
_
467,500
5
ROPS 13-14B RPTTF Prior Period Adjustment
RPTTF amount should tie to the self-reported ROPS 13-14B PPA in the
No entry required
Report of PPA, Column S
6
Ending Actual Available Cash Balance
C to G = (1 + 2 - 3 - 4), H = (1 + 2 - 3 - 4 - 5)
8,650,333
-
1 119,811 1
323.108
ROPS 14-15A Estimate (07101114. 12/31114)
7
Beginning Available Cash Balance (Actual 07101114)
(C, D, E, G = 4 + 6, F = H4 + F4 + F6, and H = 5 + 6)
10,424,954
587,311
323,108
8
Revenue/Income (Estimate 12131114)
RPTTF amounts should tie to the ROPS 14-15A distribution from the
County Auditor -Controller during June 2014
5,000
4,300
2,146,644
9
Expenditures for ROPS 14-15A Enforceable Obligations (Estimate
12131114)
5,970,000
587,311
4,300
2,396,712
10
Retention of Available Cash Balance (Estimate 12/31/14)
RPTTF amount retained should only include the amount distributed for
debt service reserve(s) approved in ROPS 14-15A
1,774,621
11
Ending Estimated Available Cash Balance (7 + 8.9 -10)
1
2,685,333
73,040
EXHIBIT A - Page 4 of 8
Recognized Obligation Payment Schedule (ROPS 14-16B) - Report of Prior Period Adjustments
Reported for the ROPS 13-14B (January 1, 2014 through June 30, 2014) Period Pursuant to Health and Safety Code (HSC) section 34186 (a)
(Rpnnrl Amnunts in Whnie Onllarn)
ROPS 13-14B Successor Agency (SA) Self-reported Prior Period Adjustments (PPA): Pursuant to HSC Section 34186 (a), SAs are required to report the differences between their actual available funding and (heir actual expenditures for the BOPS 13-148 (January through June 2014) period. The amount of Redevelopment Property Tax Trust Fund (RPTTF) approved for the
ROPS 14-15B (January through June 2015) period will be offset by the SA's self-reported ROPS 13-14B prior period adjustment HSC Section 34186 (a) also specifies that the prior period adjustments self-reported by SAs are subject to audit by the county auditor -controller (CAC) and the Slate Controller,
A
B
C D E F G H
I J K L M N O P D R 5 T
Non-RPTTF Expenditures
RPTTF Expenditures
Net SA Non -Admin
and Admin PPA
(Amount Used to
Offset ROPS 14-156
Bond Proceeds
Reserve Balance
Other Funds
Non -Admin
Admin
Requested RPTTF)
Available
Available
Difference
RPTTF
RPTTF
(H total actual
(ROPS 13-148
Difference
(ROPS 13-148
exceeds total
distributed + all other
Net Lesser of
(If K Is Was than L,
distributed + all other
Net Lesser of
authorized, Ute
Project Name / Debt
available as of
Authorized I
the difference is
available as of
Authorized /
total difference is
Not Difference
Item ff
Obligation_
Authorized
Actual
Authorized
Actual
Authorized
Actual
Authorized
01/1114)
Available
Actual zero)
Authorized
0111114)
Available
Actual
zero)
(M+R) SA Comments
$
$
i 512,146
$ 512,146
$ 62.500
S 51.704
$ 1.056.177
$ 1.056.177
$ 1,056,177
$ 998,305 $ 57.872
S 65.0001
S 65.000
3 65,000
$ 49.832
$ 15,168
$ 73,040
1
1991 Subordinated Taxable
22.863
22,863
2
1998 Tax Allocation
32.489
.4
2,137
2.137
3
2008 Tax Allocation Bonds,
'Series A
178,484
178,484
4
2008 Tax Allocation Bonds,
Series B (Taxable)
301,173
301,173
5
Tax Allocation Bond
_
(Reserve Set -Aside (See
(Notes)
467,500
467,500
_467,5001
467.500
6
OPA-Fluidmaster
7
OPA-Capistrano
'Volkswagen
8
OPA-Sierra Vista
—
9
regiment-TCAG Ford
25.000
25.000
25.000
3,889 21.111
21.111
10
reement-OCC
125,000
125,000
125.000
116,627 8,373
8.373
11
Lower Rosen Ranch - Loan
Payable (See Notes)
198,776
198.776
198.776
198.776
-
12
VinoshttaAcquisition - Note
Extension (Interest
payments through March 1,
2021)
117,494
117,494
117.494
103,590 13,904
13.904
13
1Crashila Acquisition- Note
Extension (interest
payments through March 1,
2021)
122,407
122,407
122,407
107,923 14,484
—
14.484
14
Kinoshita Note Principal
Payment Set-aside
15
CooperalionAgreement-
Capistrano PohMe (See
Notes)
16
Tax AWJC"aon Agreement
,[See Notes)
17
TrUhs Acqusmon - Loan
Agreement
_
18
AAministraWn Loan
Agreement
19
OPA - Paseo De Verdugo
(Sae notes)
20
_
The Groves Affordable
Housing
21
Downtown Master Plan
_
22
DelObispo/Camkw
Capistrano Imp
23
DelObispo/Camino
-
-Capistrano Imp,
24
J Serra/Rancho Viejo Rd.
Improvements (CRA Share)
25
Ortega Highway Sklewalk
Expansion
_
26
The Groves Affordable
Housing
27
The Groves Affordable
Housing
28
Administrative Cost
_
Allowance
15.163
65.0001
65,000
49.832
EXHIBIT A - Page 5 of 8
Recognized Obligation Payment Schedule (ROPS 14-16B) -Report of Prior Period Adjustments
Reported for the ROPS 13-14B (January 1, 2014 through June 30, 2014) Period Pursuant to Health and Safety Code (HSC) section 34166 (a)
EXHIBIT A - Page 6 of 8
(Report Amounts in whole uoliars)
ROPS 13-14B Successor Agency (SA) Self-reported Prior Period Adjustments (PPA): Pursuant to HSC Section 34186 (a), SAs are required to report the differences between their actual available funding and their actual expenditures for the ROPS 13-14B (January through June 2014) period. The amount of Redevelopment Property Tax Trust Fund (RPTTF)
iROPS 14-158 (January through June 2015) period will be offset by the SRs self-reported ROPS 13-146 prior period adjustment HSC Section 34186 (a) also specifies that the prior period adjustments self-reported by SAs are subject to audit by the county auditor -controller (CAC) and tre Slate Controller
approved for the
A
B C D
E I F G H I J K
L M N O P
O R
S T
Non-RPTTF Expenditures
RPTTF Expenditures
Bond Proceeds
Reserve Balance Other Funds Non -Admin
Admin
Net SA Non -Admin
and Admin PPA
(Amount Used to
Offset BOPS 14-1SB
Requested RPTTF)
Item f1
Project Name 1 Debt
Obligation Authorized Actual
Available
RPTTF
(ROPS 13-14B
distributed + all other Net Lesser of
available as of Authorized f
Authorized Actual Authorized Actual Authorized 01/1/14) Available
Available
RPTTF
Difference (ROPS 13-148
(If K is less than L, distributed + all other Net Lesser of
the difference is available as of Authortzed I
Actual zero) Authorized 01/1/14) Available
Difference
(if total actual
exceeds total
authorized, the
total difference Is
Actual zero)
Net Difference
(M+R) SA Comments
$ $
$ 512.146 $ 512.146 $ 62.500 $ 51,704 $ 1,056,177 S 1,056,177 S 1.056.177 S
998.305 S 57.872 $ 65.0001 3 65,000 $ 65.000 S
49.832 S 15.166
3 73,040 _
29
AdministraliveCosts from
other sources
30
Downtown Master Plan/The
Groves - Specific Project
implementation
_
_
31
Property Maintenance
12,500 4,095
_
32
Legal Costs associated
with assets, obligations and
(property.
25.000 7.445
33
Personal Services
Agreement
34
Personal Services
Agreement
35Rental
Subsidy Apmt
36
Rental Subsidy mt
37
Rental Subskly Amt
38
Rental Subsidy Agmt
39
Rental Subsidy ml
40
Rentaf Subsidy Agent
41
Rental Subsidy Aqml
42
Rental Subsidy Agmt
_
43
Rental Subsidy Amt
44
Rental Subsidy mt
45
Otte Hollywood Rental
46
Trutls Acqulsilion - Loan
,Agreement
47
Administration Loan
,Agreemert
EXHIBIT A - Page 6 of 8
il!
Recognized Obligation Payment Schedule (ROPS 14156) - Notes
January 1, 2015 through June 30, 2015
Item #
Notes/Comments
1
The total obligation outstanding includes all principal and Interest expected to be outstanding at December 31, 2014.
2
The total obligation outstanding includes all principal and interest expected to be outstanding at December 31, 2014.
3
The total obligation outstanding includes all principal and interest expected to be outstanding at December 31, 2014.
4
The total obligation outstanding includes all principal and interest expected to be outstanding at December 31, 2014.
5
No set-aside reserve is necessary for the next ROPS debt service - H&S Code Section 34171(b).
The total obligation outstanding Is the amount expected to be outstanding as of December 31, 2014. The agreement end date is
6
upon complete payment of obligation. As instructed by DOF staff, an estimated date has been included.
The total obligation outstanding is the amount expected to be outstanding as of December 31, 2014. The agreement end date is
7
upon complete payment of obligation. As instructed by DOF staff, an estimated date has been included.
The total obligation outstanding is the amount expected to be outstanding as of December 31, 2014. The agreement end date is
8
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 December 31, 2014.
10
The total obligation outstanding includes all principal and interest expected to be outstanding at December 31, 2014.
11
The total obligation outstanding includes all principal and Interest expected to be outstanding at December 31, 2014.
The total obligation outstanding Includes all principal and Interest expected to be outstanding at December 31, 2014. Payments for FY
12
14-15 are Interest only at 6.0%.
The total obligation outstanding Includes all principal and interest expected to be outstanding at December 31, 2014. Payments for FY
13
14-15 are interest only at 6.0%.
This amount has an $7,996,697 principal payment due March 1, 2021.
14
_
On May 16, 2014, DOF issued a final determination letter on ROPS 14-15A, indicating this Agreement was enetered within two years
of creation of the Agency and that the City agreed to defer the fees under the Agreement until such time as the Agency determines it
has sufficient funds to repay the loan. The total obligation outstanding of $979,626 includes all principal and interest expected to be
outstanding at December 31, 2014 and is estimated to be able to be paid during this ROPS period 14-158. Additional information
15
regarding the balance outstanding will be provided with submittal of the ROPS 14-15B.
_
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 Resolutionl4-05-27-02); and DOF approved the loan and payment
16
schedule on August 5, 2014. The total obligation outstanding is the amount expected to be outstanding as of December 31, 2014.
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 Resolution 24-05-27-02); and DOF approved the loan and payment
17
schedule on August 5, 2014. The total obligation outstanding Is the amount expected to be outstanding as of December 31, 2014.
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 Resolutionl4-05-27.02); however DOF did not approve the loan. This
City/Agency loan is requested to remain pending the resolution of questions regarding the denial. The total obligation outstanding is
18
the amount expected to be outstanding as of December 31, 2014.
$1,248,000 approved on ROPS iII and the Other Assets Due Diligence Review to be paid from reserves. The project was anticipated to
be completed by December 31, 2014. However, this Is was estimated completion date and actual completion occurred in March
19
2014. Final payments made in January and March 2014.
Staff time and other administrative costs (estimated to be incurred for this RODS 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 termination date Is unknown and has been listed as December 31, 2014, as instructed
28
1 by the Department of Finance.
EXHIBIT A - Page 7 of 8
Recognized Obligation Payment Schedule (ROPS 14.1513) - Notes
January 1. 2015 through June 30, 2015
Item #
I
Notes/Comments
__
Administrative costs (estimated) - Administrative costs to be funded from other sources, If available. These costs will continue until
dissolution Is completed. Therefore, the termination date Is unknown and has been listed as December 31, 2014, as instructed by the
291
Department of Finance.
Specific Project Implementation cost expected to be paid during this period. Project management costs for The Groves Affordable
Housing Project - HSC Section 34171(b). The funding source is bond proceeds. The Agreement for Reimbursement was approved on
May 2, 2012, and continues until dissolution Is completed. Therefore, the termination date is unknown and has been listed as
30
December 31, 2014, as instructed by the Department of Finance.
Property maintenance cost (estimated) - cost to maintain property prior to disposition - HSC Section 34171(b). These costs are
expected to continue until all property is disposed of. Therefore, the termination date is unknown and has been listed as December
31, 2014, as instructed by the Department of Finance.
31
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 termination date is unknown and has been listed as December 31, 2014, as
32
instructed by the Department of Finance.
Duplicate of Lines 17 and 18.
46
47
Duplicate of lines 17 and 18.
All bond proceeds transferred pursuant to the Bond Expenditure Agreement dated April 15, 2015; and approved by the Oversight
Board on April 22, 2014 (Oversight Board Resolution 14-04-22-01). The DOF approved the Bond Expenditure Agreement on June 10,
2014, and approved the transfer of these funds to the City of San Juan Capistrano during ROPS 14-15A period.
48
All bond proceeds transferred pursuant to the Bond Expenditure Agreement dated April 15, 2015; and approved by the Oversight
Board on April 22, 2014 (Oversight Board Resolution 14-04-22-01). The DOF approved the Bond Expenditure Agreement on June 1
2014, and approved the transfer of these funds to the City of San Juan Capistrano during ROPS 14-15A period.
49
Bond proceeds transferred pursuant to the Housing Bonds Expenditure Agreement dated May 6, 2014, and approved by the
Oversight Board on May 27, 2014 (Oversight Board Resolution 14-05-27-01). The DOF approved the Housing Bonds Expenditure
Agreement on August 5, 2024, and approved the transfer of $4,000,000 of these funds to the City of San Juan Capistrano during ROPS
50
_
4-2SA-period. The t`Qtal oblip t)an autstandinR i -.Sh_e estimated remainin�hand_prooeedsasgf December 31, 14 in�IpdL
EXHIBIT A - Page 8 of 8