Resolution Number SJCOB 15-02-24-01A B C D E F G H I J K L M N O P
Bond Proceeds Reserve Balance Other Funds Non-Admin Admin
61,181,554$ 1,488,481$ -$ 18,509$ 2,522,810$ 125,000$ 4,154,800$
1 1997 Subordinated Taxable Tax
Allocation Bonds
Bonds Issued On or
Before 12/31/10
5/6/1997 8/1/2017 Bank of New York Affordable Housing Projects Central 515,413 N 157,825 $ 157,825
2 1998 Tax Allocation Refunding
Bonds
Bonds Issued On or
Before 12/31/10
6/24/1998 8/1/2016 U.S. Bank, N.A.Advance Refunding of the 1991 Tax
Allocation Bonds
Central 1,023,081 N 498,706 $ 498,706
3 2008 Tax Allocation Bonds, Series A Bonds Issued On or
Before 12/31/10
6/3/2008 8/1/2033 U.S. Bank, N.A.Finance Agency Projects in the Central
Project Area consistent with the
Redevelopment Plan
Central 12,055,553 N 468,497 $ 468,497
4 2008 Tax Allocation Bonds, Series
B (Taxable)
Bonds Issued On or
Before 12/31/10
6/3/2008 8/1/2033 U.S. Bank, N.A.Finance Agency Affordable Housing
Projects
Central 16,940,308 N 369,613 $ 369,613
5 Tax Allocation Bond Reserve Set-
Aside (See Notes)
Reserves 1/1/2014 12/31/2015 U.S. Bank, N.A.Reserve set-aside for August 1, 2013
debt service payment - H&S Code
Section 34171(b)
Central - N $ -
6 OPA-Fluidmaster OPA/DDA/Constructi
on
6/17/1997 3/30/2019 Fluidmaster, Inc.Elimination of Blight/Economic
Development
Central 194,760 N 40,000 $ 40,000
7 OPA-Capistrano Volkswagen OPA/DDA/Constructi
on
4/17/2001 3/30/2020 Miles Brandon Elimination of Blight/Business
Retention
Central 146,783 N $ -
8 OPA-Sierra Vista OPA/DDA/Constructi
on
4/1/2003 6/30/2023 Sierra Vista Partners Elimination of Blight/Economic
Development
Central 58,077 N 8,000 $ 8,000
9 Agreement-TCAG Ford OPA/DDA/Constructi
on
10/19/2010 3/1/2038 Tuttle Click Automotive
Group (TCAG, Inc.)
Elimination of Blight/Business
Retention
Central 1,443,592 N 150,000 $ 150,000
10 Agreement-OC Chrysler OPA/DDA/Constructi
on
1/7/2011 6/30/2031 Chrysler Group Realty Co.,
LLC
Elimination of Blight/Economic
Development
Central 1,155,778 N 100,000 $ 100,000
11 Lower Rosan Ranch - Loan Payable
(See Notes)
Third-Party Loans 7/6/2011 7/6/2016 Farmer's & Merchants Bank Property Acquisition/Economic
Development
Central 3,525,125 N 198,777 $ 198,777
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.
Preservation
Central 5,326,379 N 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.
Preservation
Central 5,549,130 N 122,407 $ 122,407
14 Kinoshita Note Principal Payment
Set-aside
Third-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 7,996,697 N 50,000 $ 50,000
15 Cooperation Agreement - Capistrano
Pointe (See Notes)
City/County Loans
On or Before 6/27/11
3/5/1985 6/30/2015 City of San Juan Capistrano Developer Assistance/Affordable
Housing
Central - Y $ -
16 Tax Anticipation Agreement
(City/Agency Loan #1-See Notes)
City/County Loans
On or Before 6/27/11
1/20/1988 6/30/2026 City of San Juan Capistrano Elimination of Blight/Economic
Development
Central 1,491,885 N 150,000 $ 150,000
17 Trulis Acquisition - Loan Agreement
(City/Agency Loan #2 - See Notes)
City/County Loans
On or Before 6/27/11
10/1/1998 6/30/2026 City of San Juan Capistrano Property Acquisition/Elimination of
Blight
Central 405,726 N 50,000 $ 50,000
18 Administration Loan Agreement
(City/Agency Loan #3 - See Notes)
City/County Loans
On or Before 6/27/11
6/1/2004 6/30/2026 City of San Juan Capistrano Administration/Project Costs Central 1,679,786 N $ -
28 Administrative Cost Allowance Admin Costs 7/1/2014 12/31/2015 City of San Juan Capistrano 3% allowance for administrative costs
incurred.
Central 125,000 N 125,000 $ 125,000
29 Administrative Costs from other
sources
Admin Costs 7/1/2014 12/31/2015 Various Vendors Section 34171(b) - Costs from other
sources - Bond Administration,
postage, audits, etc.
Central - Y $ -
31 Property Maintenance Property
Maintenance
7/1/2014 12/31/2015 Various Vendors Section 34171(b) - cost of maintaining
assets prior to disposition
Central 10,000 N 10,000 $ 10,000
32 Legal Costs associated with assets,
obligations and property.
Litigation 8/20/1991 12/31/2015 Straddling, Yocca, Carlson
& Rauth
Section 34171(b) - cost of maintaining
assets prior to disposition
Central 50,000 N 509 49,491 $ 50,000
Recognized Obligation Payment Schedule (ROPS 15-16A) - ROPS Detail
July 1, 2015 through December 31, 2015
(Report Amounts in Whole Dollars)
Item #Payee Description/Project Scope Project Area
Total Outstanding
Debt or Obligation Retired
Funding Source
Six-Month TotalProject Name / Debt Obligation Obligation Type
Contract/Agreement
Execution Date
RPTTF
Non-Redevelopment Property Tax Trust Fund
(Non-RPTTF)
Contract/Agreement
Termination Date
EXHIBIT A - Page 2
A B C D E F G H I J K L M N O P
Bond Proceeds Reserve Balance Other Funds Non-Admin Admin
Recognized Obligation Payment Schedule (ROPS 15-16A) - ROPS Detail
July 1, 2015 through December 31, 2015
(Report Amounts in Whole Dollars)
Item #Payee Description/Project Scope Project Area
Total Outstanding
Debt or Obligation Retired
Funding Source
Six-Month TotalProject Name / Debt Obligation Obligation Type
Contract/Agreement
Execution Date
RPTTF
Non-Redevelopment Property Tax Trust Fund
(Non-RPTTF)
Contract/Agreement
Termination Date
46 Trulis Acquisition - Loan Agreement Miscellaneous 10/1/1998 6/30/2026 City of San Juan Capistrano Property Acquisition/Elimination of
Blight
Central N $ -
47 Administration Loan Agreement City/County Loans
On or Before 6/27/11
6/1/2004 6/30/2026 City of San Juan Capistrano Administration/Project Costs Central N $ -
50 Affordable Housing Projects/Excess
Bond Proceeds Obligation
OPA/DDA/Constructi
on
7/1/2014 12/31/2015 San Juan Capistrano
Housing Authority; TBD
Acquisition of property, design and
construction of existing (The Groves)
and other potential affordable housing
projects
1,488,481 N 1,488,481 $ 1,488,481
EXHIBIT A - Page 3
A B C D E F G H I
Other 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
ROPS 14-15A Actuals (07/01/14 - 12/31/14)
1 Beginning Available Cash Balance (Actual 07/01/14)
10,424,954 587,311 323,108
2 Revenue/Income (Actual 12/31/14)
RPTTF amounts should tie to the ROPS 14-15A distribution from the
County Auditor-Controller during June 2014 7,398 49,533 2,146,644
3 Expenditures for ROPS 14-15A Enforceable Obligations (Actual
12/31/14)
RPTTF amounts, H3 plus H4 should equal total reported actual
expenditures in the Report of PPA, Columns L and Q 5,970,750 587,311 4,533 2,182,302
4 Retention of Available Cash Balance (Actual 12/31/14)
RPTTF amount retained should only include the amounts distributed as
reserve for future period(s)1,774,621
5 ROPS 14-15A RPTTF Prior Period Adjustment
RPTTF amount should tie to the self-reported ROPS 14-15A PPA in the
Report of PPA, Column S No entry required
214,410
6 Ending Actual Available Cash Balance
C to G = (1 + 2 - 3 - 4), H = (1 + 2 - 3 - 4 - 5) 2,686,981$ -$ -$ -$ 45,000$ 73,040$
ROPS 14-15B Estimate (01/01/15 - 06/30/15)
7 Beginning Available Cash Balance (Actual 01/01/15)
(C, D, E, G = 4 + 6, F = H4 + F4 + F6, and H = 5 + 6)4,461,602$ -$ -$ -$ 45,000$ 287,450$
8 Revenue/Income (Estimate 06/30/15)
RPTTF amounts should tie to the ROPS 14-15B distribution from the
County Auditor-Controller during January 2015 1,500 2,408,904
9 Expenditures for ROPS 14-15B Enforceable Obligations (Estimate
06/30/15)1,200,000 45,000 2,481,944
10 Retention of Available Cash Balance (Estimate 06/30/15)
RPTTF amount retained should only include the amounts distributed as
reserve for future period(s)1,774,621
11 Ending Estimated Available Cash Balance (7 + 8 - 9 -10)1,488,481$ -$ -$ -$ -$ 214,410$
Recognized Obligation Payment Schedule (ROPS 15-16A) - Report of Cash Balances
(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 https://rad.dof.ca.gov/rad-
sa/pdf/Cash_Balance_Agency_Tips_Sheet.pdf.
Fund Sources
Comments
Bond Proceeds Reserve Balance
Cash Balance Information by ROPS Period
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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z AA AB
Net SA Non-Admin
and Admin PPA
(Amount Used to
Offset ROPS 15-16A
Requested RPTTF)
Net CAC Non-
Admin and Admin
PPA
(Amount Used to
Offset ROPS 15-16A
Requested RPTTF)
Authorized Actual Authorized Actual Authorized Actual Authorized
Available
RPTTF
(ROPS 14-15A
distributed + all other
available as of
07/1/14)
Net Lesser of
Authorized /
Available Actual
Difference
(If K is less than L,
the difference is
zero) Authorized
Available
RPTTF
(ROPS 14-15A
distributed + all other
available as of
07/1/14)
Net Lesser of
Authorized /
Available Actual
Difference
(If total actual
exceeds total
authorized, the
total difference is
zero)
Net Difference
(M+R)
Net Lesser of
Authorized /
Available Actual Difference
Net Lesser of
Authorized /
Available Actual Difference Net Difference
5,970,000$ 5,970,000$ 587,311$ 587,311$ 4,300$ 4,533$ 2,271,712$ 2,271,712$ 2,271,712$ 2,057,872$ 213,840$ 125,000$ 125,000$ $ 125,000 124,430$ 570$ 214,410$ -$ -$ -$
1 1997 Subordinated
- 152,863 152,863 - - $ - $ - $ -
2 1998 Tax Allocation
- 434,448 434,448 - 55,178 55,178 $ 55,178 55,178 $ - $ -
3 2008 Tax Allocation
Bonds, Series A
- - - 463,484 463,484 $ 463,484 463,307 $ 177 $ 177
4 2008 Tax Allocation
Bonds, Series B
(Taxable)
- - - 366,173 366,173 $ 366,173 366,173 $ - $ -
5 Tax Allocation Bond
Reserve Set-Aside
(See Notes)
- - - - $ - $ - $ -
6 OPA-Fluidmaster - - - 40,000 40,000 $ 40,000 40,000 $ - $ -
7 OPA-Capistrano
Volkswagen
- - 1,800 1,800 33,200 33,200 $ 33,200 33,200 $ - $ -
8 OPA-Sierra Vista - - - 7,500 7,500 $ 7,500 7,190 $ 310 $ 310
9 Agreement-TCAG
Ford
- - - 150,000 150,000 $ 150,000 134,588 $ 15,412 $ 15,412
10 Agreement-OC
Chrysler
- - - 160,000 160,000 $ 160,000 67,539 $ 92,461 $ 92,461
11 Lower Rosan Ranch
- Loan Payable (See
Notes)
- - - 198,776 198,776 $ 198,776 198,776 $ - $ -
12 Kinoshita Acquisition
- Note Extension
(interest payments
through March 1,
2021)
- - - 117,494 117,494 $ 117,494 93,995 $ 23,499 $ 23,499
13 Kinoshita Acquisition
- Note Extension
(interest payments
through March 1,
2021)
- - - 122,407 122,407 $ 122,407 97,926 $ 24,481 $ 24,481
14 Kinoshita Note
Principal Payment
Set-aside
- - - - $ - $ - $ -
15 Cooperation
Agreement -
Capistrano Pointe
(See Notes)
- - - 500,000 500,000 $ 500,000 500,000 $ - $ -
16 Tax Anticipation
Agreement
(City/Agency Loan
#1-See Notes)
- - - - $ - $ - $ -
17 Trulis Acquisition -
Loan Agreement
(City/Agency Loan
#2 - See Notes)
- - - - $ - $ - $ -
18 Administration Loan
Agreement
(City/Agency Loan
#3 - See Notes)
- - - - $ - $ - $ -
19 OPA - Paseo De
Verdugo (See notes)
- - - - $ - $ - $ -
28 Administrative Cost
Allowance
- - - - $ - $ - $ -
29 Administrative
Costs from other
sources
- - - - $ - $ - $ -
30 Downtown Master
Plan/The Groves -
Specific Project
Implementation
- - - - $ - $ - $ -
31 Property
Maintenance
- - 2,500 248 7,500 7,500 $ 7,500 $ 7,500 $ 7,500
32 Legal Costs
associated with
assets, obligations
and property.
- - - 2,485 50,000 50,000 $ 50,000 $ 50,000 $ 50,000
46 Trulis Acquisition -
Loan Agreement
- - - - $ - $ - $ -
47 Administration Loan
Agreement
- - - - $ - $ - $ -
48 Verdugo Street and
Arguello Way
Improvements/Exce
ss Bond Proceeds
Obligation
1,870,000 1,870,000 - - - $ - $ - $ -
49 Forster
Street/Camino
Capistrano Sidewalk
Improvement
Project/Excess Bond
Proceeds Obligation
100,000 100,000 - - - $ - $ - $ -
50 Affordable Housing
Projects/Excess
Bond Proceeds
Obligation
4,000,000 4,000,000 - - - $ - $ - $ -
RPTTF ExpendituresRPTTF Expenditures
ROPS 14-15A CAC PPA: To be completed by the CAC upon submittal of the ROPS 15-16A by the SA to Finance and
the CAC. Note that CACs will need to enter their own formulas at the line item level pursuant to the manner in which they
calculate the PPA. Also note that the Admin amounts do not need to be listed at the line item level and may be entered
as a lump sum.
CAC Comments SA Comments
Recognized Obligation Payment Schedule (ROPS 15-16A) - Report of Prior Period Adjustments
Reported for the ROPS 14-15A (July 1, 2014 through December 31, 2014) Period Pursuant to Health and Safety Code (HSC) section 34186 (a)
(Report Amounts in Whole Dollars)
ROPS 14-15A 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 14-15A (July through December 2014) period. The amount of
Redevelopment Property Tax Trust Fund (RPTTF) approved for the ROPS 15-16A (July through December 2015) period will be offset by the SA’s self-reported ROPS 14-15A 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 State Controller.
Item #
Project Name /
Debt Obligation
Non-RPTTF Expenditures
Non-Admin Non-Admin CAC Admin CACAdminBond Proceeds Reserve Balance Other Funds
EXHIBIT A - Page 5
Item #Notes/Comments
1 The total obligation outstanding includes all principal and interest expected to be outstanding at June 30, 2015.
2 The total obligation outstanding includes all principal and interest expected to be outstanding at June 30, 2015.
3 The total obligation outstanding includes all principal and interest expected to be outstanding at June 30, 2015.
4 The total obligation outstanding includes all principal and interest expected to be outstanding at June 30, 2015.
5
No set-aside reserve is necessary for the next ROPS debt service - H&S Code Section 34171(b). The Successor Agency may need set-aside reserves for debt service
payments in the future based on estimated net redevelopment property tax available.
6
The total obligation outstanding is the amount expected to be outstanding as of June 30, 2015. 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, 2015. 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, 2015. 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, 2015.
10 The total obligation outstanding includes all principal and interest expected to be outstanding at June 30, 2015.
11 The total obligation outstanding includes all principal and interest expected to be outstanding at June 30, 2015.
12 The total obligation outstanding includes all principal and interest expected to be outstanding at June 30, 2015. Payments for FY 15-16 are interest only at 6.0%.
13 The total obligation outstanding includes all principal and interest expected to be outstanding at June 30, 2015. Payments for FY 15-16 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 due on March 1, 2021. The
Successor Agency is including an amount to be set-aside on each ROPS beginning with ROPS 15-16A, in order to meet these obligations 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.
15
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 final payment
amount of $979,626 was approved and paid during this ROPS period 14-15B. This obligation is complete.
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, 2015.
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, 2015.
Recognized Obligation Payment Schedule (ROPS 15-16A) - Notes
July 1, 2015 through December 30, 2015
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Item #Notes/Comments
Recognized Obligation Payment Schedule (ROPS 15-16A) - Notes
July 1, 2015 through December 30, 2015
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); 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 the amount expected to be outstanding as of June 30, 2015.
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
termination date is unknown and has been listed as December 31, 2014, as instructed by the Department of Finance.
29
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, 2015, as instructed by the Department of Finance.
31
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 asDecember 31, 2015, as instructed by the Department of Finance.
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 termination date is unknown and has been listed asDecember 31, 2015, as instructed by the Department of Finance.
46 Duplicate of line 17. Please remove.
47 Duplicate of line 18. Please remove.
48
All bond proceeds 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) have been transferred. This obligation is complete.
49
All bond proceeds 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) have been transferred. This obligation is complete.
50
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, 2014. The DOF approved a transfer of
$4,000,000 and $1,200,000 of these funds to the City of San Juan Capistrano during ROPS 14-15A and 14-15B periods, respectively. The total obligation outstanding
is the estimated remaining bond proceeds as of June 30, 2015 including accrued interest.
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