Resolution Number SACRA 17-01-17-01Successor Agency:San Juan Capistrano
County:Orange
Current Period Requested Funding for Enforceable Obligations (ROPS Detail)
17-18A Total
(July - December)
17-18B Total
(January - June) ROPS 17-18 Total
A 450,869$ 25,000$ 475,869$
B - - -
C 325,869 - 325,869
D 125,000 25,000 150,000
E 2,201,611$ 1,429,566$ 3,631,177$
F 2,101,611 1,329,566 3,431,177
G 100,000 100,000 200,000
H Current Period Enforceable Obligations (A+E):2,652,480$ 1,454,566$ 4,107,046$
Name Title
/s/
Signature Date
Administrative RPTTF
Certification 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.
Recognized Obligation Payment Schedule (ROPS 17-18) - Summary
Filed for the July 1, 2017 through June 30, 2018 Period
Enforceable Obligations Funded as Follows (B+C+D):
RPTTF
Redevelopment Property Tax Trust Fund (RPTTF) (F+G):
Bond Proceeds
Reserve Balance
Other Funds
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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
Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF
$ 53,312,149 $ 4,107,046 $ - $ 325,869 $ 125,000 $ 2,101,611 $ 100,000 $ 2,652,480 $ - $ - $ 25,000 $ 1,329,566 $ 100,000 $ 1,454,566
1 1997 Subordinated Taxable Tax Bonds Issued On or Before 5/6/1997 8/1/2017 Bank of New York Affordable Housing Projects Central 171,394 N $ 171,394 171,394 $ 171,394 $ -
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 - Y $ - $ - $ -
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 10,782,391 N $ 640,394 154,475 328,522 $ 482,997 157,397 $ 157,397
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 15,608,928 N $ 762,361 471,043 $ 471,043 291,318 $ 291,318
5 Tax Allocation Bond Reserve Set-
Aside (See Notes)
Reserves 1/1/2014 6/30/2017 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/Construction 6/17/1997 12/31/2019 Fluidmaster, Inc.Elimination of Blight/Economic
Development
Central 114,760 N $ 40,000 40,000 $ 40,000 $ -
7 OPA-Capistrano Volkswagen OPA/DDA/Construction 4/17/2001 6/30/2020 Miles Brandon Elimination of Blight/Business
Retention
Central 113,556 N $ 35,000 11,250 $ 11,250 23,750 $ 23,750
8 OPA-Sierra Vista OPA/DDA/Construction 4/1/2003 6/30/2019 Sierra Vista Partners Elimination of Blight/Economic
Development
Central 30,533 N $ 16,000 16,000 $ 16,000 $ -
9 Agreement-TCAG Ford OPA/DDA/Construction 10/19/2010 3/1/2038 Tuttle Click Automotive
Group (TCAG, Inc.)
Elimination of Blight/Business
Retention
Central 1,262,406 N $ 209,000 59,000 $ 59,000 150,000 $ 150,000
10 Agreement-OC Chrysler OPA/DDA/Construction 1/7/2011 6/30/2031 Chrysler Group Realty Co.,
LLC
Elimination of Blight/Economic
Development
Central 770,111 N $ 247,500 123,750 $ 123,750 123,750 $ 123,750
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 - Y $ - $ - $ -
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 4,856,403 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.
Preservation
Central 5,059,502 N $ 244,814 122,407 $ 122,407 122,407 $ 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
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 896,945 N $ 300,000 150,000 $ 150,000 150,000 $ 150,000
17 Trulis Acquisition - Loan Agreement
(City/Agency Loan #2 - See Notes)
City/County Loans On or
Before 6/27/11
10/1/1998 6/30/2026 City of San Juan Capistrano Property Acquisition/Elimination of
Blight
Central 207,261 N $ 100,000 50,000 $ 50,000 50,000 $ 50,000
18 Administration Loan Agreement
(City/Agency Loan #3 - See Notes)
City/County Loans On or
Before 6/27/11
6/1/2004 6/30/2026 City of San Juan Capistrano Administration/Project Costs Central 1,684,800 N $ 175,000 87,500 $ 87,500 87,500 $ 87,500
28 Administrative Cost Allowance Admin Costs 7/1/2014 6/30/2017 City of San Juan Capistrano 3% allowance for administrative costs
incurred.
Central 250,000 N $ 250,000 25,000 100,000 $ 125,000 25,000 100,000 $ 125,000
32 Legal Costs associated with assets,
obligations and property.
Litigation 8/20/1991 6/30/2017 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
11/1/2016 8/1/2021 Western Alliance Bank Refunding F&M Note Central 3,506,462 N $ 580,595 524,645 $ 524,645 55,950 $ 55,950
52 Costs associated with selling
properties (appraisals, surveys, etc.)
N $ 100,000 100,000 $ 100,000 $ -
53 N $ - $ - $ -
54 N $ - $ - $ -
55 N $ - $ - $ -
17-18B (January - June)
17-18A
Total
San Juan Capistrano Recognized Obligation Payment Schedule (ROPS 17-18) - ROPS Detail
July 1, 2017 through June 30, 2018
(Report Amounts in Whole Dollars)
Item #Payee Description/Project Scope Project Area
Total Outstanding
Debt or Obligation Retired
17-18A (July - December)
17-18B
Total Project Name/Debt Obligation Obligation Type
Contract/Agreement
Execution Date
Fund Sources Fund Sources
Contract/Agreement
Termination Date
ROPS 17-18
Total
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 15-16B Actuals (01/01/16 - 06/30/16)
1 Beginning Available Cash Balance (Actual 01/01/16)
1,774,464 1,217 62,978
2 Revenue/Income (Actual 06/30/16)
RPTTF amounts should tie to the ROPS 15-16B distribution from the
County Auditor-Controller during January 2016
11 45,000 1,776,919
3 Expenditures for ROPS 15-16B Enforceable Obligations (Actual
06/30/16)
24,633 1,282,338
4 Retention of Available Cash Balance (Actual 06/30/16)
RPTTF amount retained should only include the amounts distributed as
reserve for future period(s)
1,774,475 392,944
5 ROPS 15-16B RPTTF Balances Remaining
No entry required
6 Ending Actual Available Cash Balance
C to G = (1 + 2 - 3 - 4), H = (1 + 2 - 3 - 4 - 5)
-$ -$ -$ -$ 21,584$ 164,615$
San Juan Capistrano Recognized Obligation Payment Schedule (ROPS 17-18) - 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 Cash Balance Tips Sheet.
Fund Sources
Comments
Bond Proceeds Reserve Balance
Cash Balance Information by ROPS Period
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Item #Notes/Comments
1 The total obligation outstanding includes all principal and interest expected to be outstanding at June 30, 2017.
2 Obligation expected to be paid in full by June 30, 2017.
3 The total obligation outstanding includes all principal and interest expected to be outstanding at June 30, 2017.
4 The total obligation outstanding includes all principal and interest expected to be outstanding at June 30, 2017.
5
Set-aside reserve pursuant to H&S Code Section 34171(b). Based on the estimated net redevelopment property tax available and enforceable obligation payments, the Successor
Agency does not anticipate the need for set-aside reserves for tax allocation bond debt service payments to be made on August 1, 2017.
6
The total obligation outstanding is the amount expected to be outstanding as of June 30, 2017. 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, 2017. 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, 2017. 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, 2017.
10 The total obligation outstanding includes all principal and interest expected to be outstanding at June 30, 2017.
11
The total obligation has been retired by item #51. The balance of this obligation $3,113,949 was due on July 6, 2016, and had been listed during the ROPS 16-17A & B period. The
Successor Agency was successful in refinacing this debt and is now scheduled for debt service payments listed on this ROPS 17-18. (See item# 51)
12 The total obligation outstanding includes all principal and interest expected to be outstanding at June 30, 2017. Payments for FY 16-17 are interest only at 6.0%.
13 The total obligation outstanding includes all principal and interest expected to be outstanding at June 30, 2017. Payments for FY 16-17 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, 2017.
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, 2017.
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 xx/xx/xxxx. The total obligation outstanding is the amount expected to be
outstanding as of June 30, 2017.
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 June 30, 2017, 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 as June 30, 2017, as instructed by the Department of Finance.
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 17-18) - Notes July 1, 2017 through June 30, 2018
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