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Home My WebLink AboutMINUTES - 05222012 - C.80RECOMMENDATION(S): 1. ADOPT Resolution No. 2012/241 approving a Proposed Modified Second Administrative Budget for the Successor Agency; and amending the Recognized Obligation Payment Schedule (ROPS); and 2. FIND the ROPS exempt from the California Environmental Quality Act (CEQA) pursuant to CEQA Guideline Section 15061(b)(3) of the CEQA Guidelines, and DIRECT the Director of Conservation and Development to file a Notice of Exemption with the County Clerk and pay the filing fee. FISCAL IMPACT: None to the General Fund. Funding for staffing the Successor Agency is from fund balances inherited form the former redevelopment agency (RDA) and allocations from the Redevelopment Property Tax Trust Fund administered by the County Auditor-Controller. BACKGROUND: This Board Order should be considered with a related agenda item to adopt APPROVE OTHER RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE Action of Board On: 05/22/2012 APPROVED AS RECOMMENDED OTHER Clerks Notes: VOTE OF SUPERVISORS AYE:John Gioia, District I Supervisor Mary N. Piepho, District III Supervisor Karen Mitchoff, District IV Supervisor Federal D. Glover, District V Supervisor ABSENT:Gayle B. Uilkema, District II Supervisor Contact: Steven Goetz, 925-674-7830 I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board of Supervisors on the date shown. ATTESTED: May 22, 2012 David Twa, County Administrator and Clerk of the Board of Supervisors By: June McHuen, Deputy cc: C.80 To:Successor to the Contra Costa County Redevelopment Agency From:Steven L. Goetz, Deputy Director-Conservation, Transportation/Redevelopment Date:May 22, 2012 Contra Costa County Subject:Amend the Recognized Obligation Payment Schedule: July to December 2012 Name of Redevelopment Agency:Contra Costa County as Successor Agency to the Contra Costa County Redevelopment Agency Project Area(s) All - July 1, 2012 through December 31, 2012 Approved by the Oversight Board on May 10, 2012 05/16/2012: Revised July 1, 2012 through December 31, 2012 RECOGNIZED OBLIGATION PAYMENT SCHEDULE Per AB 26 - Section 34177 Table of Contents Page number Draft ROPS funding source LMIHF 1 Draft ROPS funding source Bond proceeds 2 Draft ROPS funding source Reserve Balances 3-5 Draft ROPS funding source Administrative Cost Allowance 6 Draft ROPS funding source Redevelopment Property Tax Trust 7 Exhibit A: Debt Service Future Obligations 8 Pursuant to the terms of ABx1 26: This Draft Recognized Obligation Payment Schedule (ROPS) was prepared for the period July through December 2012 by the Succes sor Agency using as its basis the Draft Recognized Obligation Schedule prepared for the period January through June 2012 and adopted by the Contra Costa County Board of Supervisors, in the capacit y of Governing Board to the Successor Agency on April 17, 2012 and approved by the Oversight Board on April 18, 2012. This Draft ROPS will be submitted to the Governing Board of the Successor Agency for consideration of adoption in its meeting on May 8, 2012. and will be submitted to the Successor Agency's Oversight Board for approval in its meeting on May 10, 2012. This approved ROPS will be submitted to the State Controller's Office, the State Department of Finance and the Contra Costa C ounty Auditor-Controller and will be posted on the Successor Agency's website. This approved ROPS will be used as the basis of payments to be made by the Successor Agency for all enforceable obligations f or the six-month time period shown below. The monthly payments noted on the ROPS for the six-month period are estimates. The amount to be disbursed in any given month ma y be higher or lower than the amount shown, not to exceed the aggregate amount shown in the total column. A new ROPS will be adopted for each successive six-month period until the earlier of the time when all enforceable obligations a re fully satisfied or an approved ROPS is no longer required by State Law. Each obligation /debt has been assigned a page and line number as its unique identification number therefore line numbers wil l be out of sequence as paid off obligation/debt are removed . G:\CDBG-REDEV\Successor Agency\Budget\ROPS\ROPS Worksheets\051612-revised ROPS2 _050812_FINAL.OB approved.xlsx 5/16/2012 Exhibit B ANNUAL ADMINISTRATIVE BUDGET 7/1/2012 – 6/30/2013 EXPENDITURES 2ND ROPS 3RD ROPS TOTAL Jul-Dec Jan-June 1 Space Rent $30,000 $30,000 $60,000 2 Contract for accounting $60,000 $60,000 $120,000 3 Salary/Overhead $281,009 $281,009 $562,018 4 Legal $30,000 $30,000 $60,000 5 Various Admin Expenses $30,300 $30,300 $60,600 6 Contract for website $4,000 $4,000 $8,000 TOTAL ADMIN EXPENSES $435,309 $435,309 $870,618 REVENUES 1 Administrative Cost Allowance $250,000 (a) $73,915 (d) $323,915 2 Bond Proceeds $117,345 (b) $117,345 (d) $234,690 3 Reserve Balances $67,964 (c) $240,049 (d) $238,664 TOTAL ADMIN REVENUES $435,309 $435,309 $870,618 Footnotes (a) Draft 2nd Recognized Obligation Payment Schedule dated May 10, 2012, Page 6. (b) op. cit., Page 2, Lines 22 through 24, and Page 4, Line 21. (c) op. cit., Page 5, Lines 8, 2, 4, and 7. (d) Estimated amounts to be finalized with approval of 3rd ROPS G:\CDBG-REDEV\Successor Agency\Oversight Board\Meetings\2012\5.23.12\052312.item.5b (Admin-budget) staff report.doc Page 1 of 8 pages Name of Redevelopment Agency:Contra Costa County as Successor Agency to the Contra Costa County Redevelopment Agency Project Area(s) All - July 1, 2012 through December 31, 2012 Approved by the Oversight Board on May 10, 2012 RECOGNIZED OBLIGATION PAYMENT SCHEDULE Per AB 26 - Section 34177 Page 1 - LMIHF Project Name / Debt Obligation Payee Description July August Sept Oct Nov Dec Total 4)Contract for Development Keyser Marston Assoc Financial services for property development C A 60,000 60,000 30,000 30,000 - - - - 60,000 5)Homebuyer Resale Transaction PGE/Gldn St Water/Var Acquisition/rehabilitation BP,NR,R A 40,570 300 50 50 50 50 50 50 300 6)Homebuyer Resale Revolving Various Site Dev/affordable hsg/1st time buyer BP,NR,R A 174,805 94,805 20,000 10,000 20,000 10,000 20,000 14,805 94,805 7)Homebuyer Resale Revolving Employees of Agency Payroll for employees/Successor Agency BP,NR,R A 816 - - - - - - - - 8)Comm Preservation/Foreclosure Employees of Agency Payroll for employees/Successor Agency BP,NR,R A 50,341 - - - - - - - - 9)Youth Homes Facility Various Relocation costs BP A 256,433 185,000 - 92,500 92,500 - - - 185,000 10)Youth Homes Facility Employees of Agency Payroll for employees/Successor Agency BP A 29,621 22,215 - 7,405 7,405 7,405 - - 22,215 11)Heritage Point Prop Dispostn Exp CHDC of NR Phase II of NR Town Center NR A 90,375 90,375 - - - 30,000 30,000 30,375 90,375 12)Heritage Point Prop Dispostn Exp Employees of Agency Payroll for employees/Successor Agency NR A 13,648 - - - - - - - - 13)Las Deltas Feasibility Employees of Agency Payroll for employees/Successor Agency NR A 6,408 - - - - - - - - 14)Contracts -Relocation/Maintenance Various Orbisonia Heights BP A 161,342 27,000 25,000 2,000 - - - - 27,000 15)Contracts -Relocation/Maintenance Employees of Agency Payroll for employees/Successor Agency BP A 46,107 - - - - - - - - 17)1250 Las Juntas disposition exp TBD Property disposition expenses C A 75,000 75,000 37,500 37,500 - - - - 75,000 20)Depost: Low/Mod Housing Olson Urban Housing 03/15/2007 Deposit C A 10,000 10,000 10,000 - - - - 10,000 21) 22) 23) 24) 25) 26) 27) 28) 29) *Project Area Key:**Funding Source:Totals - This Page (A )1,015,466 564,695 122,550 179,455 119,955 47,455 50,050 45,230 564,695 C=Contra Costa Centre (A) LMIHF Totals - Page 2 (B)4,749,596 4,613,525 979,810 974,436 745,069 867,531 329,958 716,721 4,613,525 NR= North Richmond (B) Bond proceeds Totals - Page 3 (C )336,996 318,251 138,135 36,850 39,850 37,244 33,850 32,322 318,251 BP=Bay Point (C ) Reserve Balances Totals - Page 4 (C )1,444,750 1,432,250 852,690 86,262 231,262 234,195 26,841 1,000 1,432,250 R = Rodeo (D) Administrative Cost Allowance Totals - Page 5 (C )5,836,886 2,597,082 1,863,500 374,008 312,524 15,750 15,750 15,550 2,597,082 M = Montalvin Manor (E) Redev. Prop. Tax Trust Totals - Page 6 (D )870,618 250,000 56,885 53,740 51,835 29,180 29,180 29,180 250,000 Totals - Page 7 (E )267,380,458 5,398,583 5,292,273 47,810 21,000 37,500 - - 5,398,583 Grand total - All Pages 281,634,770 15,174,386 9,305,843 1,752,561 1,521,495 1,268,855 485,629 840,003 15,174,386 Project Area* Funding Source** Total Due During This Period Total Outstanding Debt as of 7/1/2012 Payments by month 5/16/2012 G:\CDBG-REDEV\Successor Agency\Budget\ROPS\ROPS Worksheets\051612-revised ROPS2 _050812_FINAL.OB approved.xlsx Page 2 of 8 Pages Name of Redevelopment Agency:Contra Costa County as Successor Agency to the Contra Costa County Redevelopment Agency Project Area(s) All - July 1, 2012 through December 31, 2012 Approved by the Oversight Board on May 10, 2012 RECOGNIZED OBLIGATION PAYMENT SCHEDULE Per AB 26 - Section 34177 `Page 2 - Bond Proceeds Project Name / Debt Obligation Payee Description July August Sept Oct Nov Dec Total 5)BART Replacement Garage AvalonBay/BART BART patron replacement parking structure C B 196,573 196,573 - - - 196,573 - - 196,573 7)Contract for Community Imprv Contra Costa County Walden Green II C B 129,259 129,259 49,259 40,000 40,000 - - - 129,259 8)Re-authorized Contract for Capital ImprvContra Costa County CCC Infrastructure improvements C B 1,088,318 1,088,318 300,000 300,000 238,318 250,000 - - 1,088,318 9)Contract for Wayfinding Prog Sasaki Associates Pedestrian signage C B 1,896 1,896 1,896 - - - - - 1,896 10)Contract for Wayfinding Prog Contra Costa County Pedestrian signage C B 428,473 428,473 200,000 200,000 28,473 - - - 428,473 11)Contract for Predevelopment Contra Costa County Truck route implementation NR B 75,273 75,273 - - - - 25,000 50,273 75,273 12)Re-authorized Contract for ImprovementsContra Costa County NR Industrial infrastructure improv NR B 975,520 975,520 161,520 166,000 166,000 166,000 150,000 166,000 975,520 14)Contract for Relocation Consultant Overland Pacific & Culter Coordinate resident relocation (BP/NR)BP/NR B 12,761 6,442 - 1,300 5,142 - - - 6,442 16)Contracts -Relocation/Maintenance Various Orbisonia Heights BP B 300,000 300,000 50,000 50,000 50,000 50,000 50,000 50,000 300,000 17)Contract for Economic Imprv Rodeo Sanitary District Sewer line undertaking R B 713,779 613,779 100,000 100,000 100,000 100,000 213,779 613,779 18)Re-authorized Contract for ImprovementsContra Costa County RO obsolete infrastructure elements R B 731,711 731,711 100,000 100,000 100,000 100,000 100,000 231,711 731,711 22)Bond Project Management Employees of Agency Payroll for employeesProject management costs C B 36,533 36,533 12,177 12,178 12,178 - - - 36,533 23)Bond Project Management Employees of Agency Payroll for employeesProject management costs NR B 29,750 14,874 2,479 2,479 2,479 2,479 2,479 2,479 14,874 24)Bond Project Management Employees of Agency Payroll for employeesProject management costs R B 29,750 14,874 2,479 2,479 2,479 2,479 2,479 2,479 14,874 25)- - - - - - - - - 26) 27) *Project Area Key:**Funding Source:Totals - This Page 4,749,596 4,613,525 979,810 974,436 745,069 867,531 329,958 716,721 4,613,525 C=Contra Costa Centre (A) LMIHF NR= North Richmond (B) Bond proceeds BP=Bay Point (C ) Reserve Balances R = Rodeo (D) Administrative Cost Allowance M = Montalvin Manor (E) Redev. Prop. Tax Trust (F) Other revenue source Total Due During This Period Payments by month Project Area* Funding Source** Total Outstanding Debt as of 7/1/2012 5/16/2012 G:\CDBG-REDEV\Successor Agency\Budget\ROPS\ROPS Worksheets\051612-revised ROPS2 _050812_FINAL.OB approved.xlsx Page 3 of 8 Pages Name of Redevelopment Agency:Contra Costa County as Successor Agency to the Contra Costa County Redevelopment Agency Project Area(s) All - July 1, 2012 through December 31, 2012 Approved by the Oversight Board on May 10, 2012 RECOGNIZED OBLIGATION PAYMENT SCHEDULE Per AB 26 - Section 34177 Page 3A - Reserve Balances Project Name / Debt Obligation Payee Description July August Sept Oct Nov Dec Total 10)Contract for legal services Goldfarb & Lipman Legal services ALL C 201,308 201,308 35,000 35,000 35,000 35,000 30,000 31,308 201,308 11)Contract for financial analysis Fraser & Associates Financial analysis ALL C 27,745 9,000 3,000 - 3,000 - 3,000 - 9,000 12)Contract for website Lighthouse Computer Grp Website management ALL C 5,264 5,264 850 850 850 850 850 1,014 5,264 15)Contract for financial advisor Public Financial Mgmnt Financial advior for Tax Allocation Bond ALL C 49,217 49,217 49,217 - - - - - 49,217 17)License agreement Parcel Quest I-TRaC reports ALL C 4,394 4,394 1,000 1,000 1,000 1,394 - - 4,394 23)Technical assistances CCC Public Works Technical assistance support ALL C 40,000 40,000 40,000 - - - - - 40,000 29)Property holding costs CCC Public Works Property maintenance ALL C 9,068 9,068 9,068 - - - - - 9,068 - - - - - - - - - *Project Area Key:**Funding Source:Totals - This Page 336,996 318,251 138,135 36,850 39,850 37,244 33,850 32,322 318,251 C=Contra Costa Centre (A) LMIHF NR= North Richmond (B) Bond proceeds BP=Bay Point (C ) Reserve Balances R = Rodeo (D) Administrative Cost Allowance M = Montalvin Manor (E) Redev. Prop. Tax Trust (F) Other revenue source Payments by month Project Area* Funding Source** Total Due During This Period Total Outstanding Debt as of 7/1/2012 5/16/2012 G:\CDBG-REDEV\Successor Agency\Budget\ROPS\ROPS Worksheets\051612-revised ROPS2 _050812_FINAL.OB approved.xlsx Page 4 of 8 Pages Name of Redevelopment Agency:Contra Costa County Redevelopment Agency Project Area(s) All - July 1, 2012 through December 31, 2012 Prepared as of February 21, 2011 RECOGNIZED OBLIGATION PAYMENT SCHEDULE Per AB 26 - Section 34177 Page 3B - Reserve Balances Project Name / Debt Obligation Payee Description July August Sept Oct Nov Dec Total 1)Hookston Station Remediation Proj Navigator/J Teves Administrator of haz-mat remediation fund C C 2,369 2,369 2,369 - - - - - 2,369 2)Contract for Planning Activities Opticos Transit Village architect C C 13,500 13,500 13,500 - - - - - 13,500 3)Contract for Planning Activities ADK&A Transit Village consultant C C 21,326 21,326 11,326 10,000 - - - - 21,326 4)Contract for Planning Activities Harris & Associates Transit Village inspection services C C 42,480 42,480 14,160 14,160 14,160 - - - 42,480 5)Parker Capital Replacement CCC/Utilities Parker Capital Replacement R C 15,168 15,168 - - - 15,168 - - 15,168 7)Transit Village (TV) Consultant Fee T.V. Consultation TBD Project costs associated w/BART Lease Mgmt C C 80,000 80,000 30,000 30,000 10,000 10,000 - - 80,000 9)Hookston Business Relocation Various for Tri City Housing Business Relocation C C 687,983 687,983 687,983 - - - - - 687,983 12)Contract for Busn Relocation AR/WS Hookston Station relocation services C C 13,249 13,249 5,249 4,000 4,000 - - - 13,249 13)Heritage Point Land Various Acquisitions NR C 349,185 349,185 - - 175,000 174,185 - - 349,185 17)Loan Program CHDC of NR Commercial rehabilitation loan program NR C 81,307 81,307 27,103 27,102 27,102 - - - 81,307 19)Contract for GPA/Specific Plan Wallace Roberts & Todd Implement GPA/Specific Plan/EIR NP C 72,500 60,000 60,000 - - - - - 60,000 20)Enterprise Zone Various Enterprise Zone NR C 45,000 45,000 - - - 20,000 25,000 - 45,000 21)Enterprise Zone Employees of Agency Employees/professional services NR C 1,683 1,683 - - - 842 841 - 1,683 25)Contract for Consultant Keyser Marston Assoc Financial services for waterfront R C 13,000 13,000 - - - 13,000 - - 13,000 26)189-199 Parker CCC GSD Property maintenance R C 6,000 6,000 1,000 1,000 1,000 1,000 1,000 1,000 6,000 *Project Area Key:**Funding Source:Totals - This Page 1,444,750 1,432,250 852,690 86,262 231,262 234,195 26,841 1,000 1,432,250 C=Contra Costa Centre (A) LMIHF NR= North Richmond (B) Bond proceeds BP=Bay Point (C ) Reserve Balances R = Rodeo (D) Administrative Cost Allowance M = Montalvin Manor (E) Redev. Prop. Tax Trust (F) Other revenue source Payments by month Project Area* Funding Source** Total Due During This Period Total Outstanding Debt as of 7/1/2012 Do we add even e/o contract? 5/16/2012 G:\CDBG-REDEV\Successor Agency\Budget\ROPS\ROPS Worksheets\051612-revised ROPS2 _050812_FINAL.OB approved.xlsx Page 5 of 8 Pages Name of Redevelopment Agency:Contra Costa County as Successor Agency to the Contra Costa County Redevelopment Agency Project Area(s) All - July 1, 2012 through December 31, 2012 Approved by the Oversight Board on May 10, 2012 RECOGNIZED OBLIGATION PAYMENT SCHEDULE Per AB 26 - Section 34177 Page 3C - Reserve Balances Project Name / Debt Obligation Payee Description July August Sept Oct Nov Dec Total 4)Hookston Station Remediation Bank Of Amer, Trustee Remediation of hazardous material C C 3,315,504 200,000 100,000 100,000 - - - - 200,000 5)Contract for Economic Imprv Rodeo Marina LLC Waterfront environmental assessmemts R C 10,163 10,163 - 10,163 - - - - 10,163 23)Placemaking Transit Village AvalonBay/BART Placemaking station and bus intermodal C C 362,824 362,824 250,000 - 112,824 - - - 362,824 24)Placemaking Transit Village AvalonBay Placemaking improvements (ie parks, etc)C C 683,950 683,950 250,000 250,000 183,950 - - - 683,950 25)Deposit: Rodeo Senior Center TC Inspection 07/28/2009 Deposit R C 200 200 200 - - - - 200 26)Deposit: Rodeo Senior Center View Park HOA 10/29/2007 Deposit R C 100 100 100 - - - - 100 27)Various Admin expenses Various General office expenses ALL C 53,645 23,345 - 3,145 5,050 5,050 5,050 5,050 23,345 28)Contract for accounting MGO CPA LLP Special accounting services ALL C 120,000 60,000 10,000 10,000 10,000 10,000 10,000 10,000 60,000 29)Legal fees CCC Counsel Legal services ALL C 60,000 30,000 30,000 - - - - - 30,000 30)Contract for website Lighthouse Computer Grp Website management ALL C 8,000 4,000 700 700 700 700 700 500 4,000 31)1999 Tax Allocation Bonds US Bank NA Bonds issue to fund non-housing projects C/BP/NR/R C 385,000 385,000 385,000 385,000 32)1999 Tax Allocation Bonds US Bank NA Bonds issue to fund housing projects C/BP/NR/R C 55,000 55,000 55,000 55,000 33)2003A Tax Allocation Bonds US Bank NA Bonds issue to fund non-housing projects C C 75,000 75,000 75,000 75,000 34)2007A/AT/B Tax Allocation Bonds US Bank NA Bonds issue to fund non-housing projects ALL C 615,000 615,000 615,000 615,000 35)2007A/AT/B Tax Allocation Bonds US Bank NA Bonds issue to fund housing projects ALL C 92,500 92,500 92,500 92,500 *Project Area Key:**Funding Source:Totals - This Page 5,836,886 2,597,082 1,863,500 374,008 312,524 15,750 15,750 15,550 2,597,082 C=Contra Costa Centre (A) LMIHF NR= North Richmond (B) Bond proceeds BP=Bay Point (C ) Reserve Balances R = Rodeo (D) Administrative Cost Allowance M = Montalvin Manor (E) Redev. Prop. Tax Trust (F) Other revenue source \\fs-cd\groups\CDBG-REDEV\Redev\Budget\RRA (Redevelopment Restructuring Act)\EOPS\Enforceable Obligation_011112.xlsx Project Area* Funding Source** Total Due During This Period Total Outstanding Debt as of 7/1/2012 Payments by month Page 6 of 8 Pages Name of Redevelopment Agency:Contra Costa County as Successor Agency to the Contra Costa County Redevelopment Agency Project Area(s) All - July 1, 2012 through December 31, 2012 Approved by the Oversight Board on May 10, 2012 RECOGNIZED OBLIGATION PAYMENT SCHEDULE Per AB 26 - Section 34177 Page 4 - Administrative Cost Allowance Project Name / Debt Obligation Payee Description July August Sept Oct Nov Dec Total 1)Lease (30 Muir)CCC GSD Office space/property maintenance ALL D 60,000 30,000 5,000 5,000 5,000 5,000 5,000 5,000 30,000 3)Employee costs Employees Payroll for Successor Agency staff ALL D 562,018 213,045 46,835 46,835 46,835 24,180 24,180 24,180 213,045 5)Various Admin expenses Various General office expenses ALL D 6,955 6,955 5,050 1,905 - - - - 6,955 9) 10) 11) 12) 13)- 14)- 15)- 16)- 17)- 18)- 19)- 20)- 21)- 22)- 23)- 24)- 25)- 26) 27) 28) 29) 30) 31) 32) *Project Area Key:**Funding Source:Totals - This Page 870,618 250,000 56,885 53,740 51,835 29,180 29,180 29,180 250,000 C=Contra Costa Centre (A) LMIHF NR= North Richmond (B) Bond proceeds BP=Bay Point (C ) Reserve Balances R = Rodeo (D) Administrative Cost Allowance M = Montalvin Manor (E) Redev. Prop. Tax Trust (F) Other revenue source Payments by month Project Area* Funding Source** Total Due During This Period Total Outstanding Debt as of 7/1/2012 5/16/2012 G:\CDBG-REDEV\Successor Agency\Budget\ROPS\ROPS Worksheets\051612-revised ROPS2 _050812_FINAL.OB approved.xlsx Page 7 of 8 Pages Name of Redevelopment Agency:Contra Costa County as Successor Agency to the Contra Costa County Redevelopment Agency Project Area(s) All - July 1, 2012 through December 31, 2012 Approved by the Oversight Board on May 10, 2012 RECOGNIZED OBLIGATION PAYMENT SCHEDULE Per AB 26 - Section 34177 Page 5A - Redevelopment Property Tax Trust Fund Project Name / Debt Obligation Payee Description July August Sept Oct Nov Dec Total 1)1999 Tax Allocation Bonds US Bank NA Bonds issue to fund non-housing projects C/BP/NR/R E 21,733,358 773,915 773,915 - - - - - a 773,915 2)1999 Tax Allocation Bonds US Bank NA Bonds issue to fund housing projects C/BP/NR/R E 4,381,740 131,032 131,032 - - - - - a 131,032 3)2003A Tax Allocation Bonds US Bank NA Bonds issue to fund non-housing projects C E 11,813,411 251,456 251,456 - - - - - a 251,456 4)2007A/AT/B Tax Allocation Bonds US Bank NA Bonds issue to fund non-housing projects ALL E 149,614,389 2,700,901 2,700,901 - - - - - a 2,700,901 5)2007A/AT/B Tax Allocation Bonds US Bank NA Bonds issue to fund housing projects ALL E 26,626,882 479,564 479,564 - - - - - a 479,564 6)Project Improvement Loan Contra Costa County Loan for project administration M E 263,700 - - - - - - - - 7)Bond-License agreement DAC Document repository for bond issues ALL E 39,000 - - - - - - - - 8)Bond-Treasurer fees CCC Treasurer Cash management for bond issues ALL E 6,000 - - - - - - - - 9)Bond-Accounting fees CCC Auditor-Controller Accounting management for bond issues ALL E 20,000 - - - - - - - - 11)Hookston Station Remediation Bank Of Amer, Trustee Remediation of hazardous material C E 1,286,500 - - - - - - - - 12)Tri City Remediation Various Tri-City Remediation C E 105,000 105,000 42,000 42,000 21,000 - - - 105,000 13)Fiscal Agreement EBRPD Project improvement R E 500,000 - - - - - - - - 14)Loan for Wildcat/San Pablo CCC Flood Control Dist Project improvement NR E 200,000 - - - - - - - - 15)Trustee fees US Bank Annual administration fees 95ATAB BP/NR E 10,500 750 750 - - - - - 750 16)Trustee fees US Bank Annual administration fees 99TAB C/BP/NR/R E 37,485 2,300 2,300 - - - - - 2,300 17)Trustee fees US Bank Annual administration fees 03ATAB C/BP/NR/R E 73,425 3,013 3,013 - - - - - 3,013 18)Trustee fees US Bank Annual administration fees 03BTAB BP/NR/R E 57,750 2,650 2,650 - - - - - 2,650 19)Trustee fees US Bank Annual administration fees 07TAB ALL E 124,800 4,800 4,800 - - - - - 4,800 20)LMIF Monitorring (rental)US Communities/Emplyee Monitorring of rental projects C/BP/NR/R E 372,928 1,866 1,244 622 - - - - 1,866 21)LMIF Monitorring (ownership)US Communities/Emplyee Monitorring of ownership projects C/BP/NR/R E 1,815,000 15,564 10,376 5,188 - - - - 15,564 22)SERAF Housing Fund SERAF fy 2010-11 payment BP/R E 497,022 497,022 497,022 - - - - - 497,022 23)Town Center/Housing TBD Pre-development cost R E 75,000 75,000 37,500 - - 37,500 - - 75,000 24)Financial Assistance Park Regency Agency assistance C E 2,750,000 - - - - - - - - 25)Financial Assistance Bridge Housing Agency assistance C E 1,900,000 100,000 100,000 - - - - - 100,000 26)Financial Assistance AvalonBay Agency assistance C E 42,772,818 - - - - - - - - 27)Contract for accounting MGO CPA LLP Special accounting services ALL E 101,000 51,000 51,000 - - - - - 51,000 28)Contract for debt policies Stone & Youngberg Development of debt policies ALL E 12,000 12,000 12,000 - - - - - 12,000 29)Contract for legal services Kutak Rock LLP Legal services for IRS examination ALL E 100,000 100,000 100,000 - - - - - 100,000 30)Property taxes Tax Collector Property taxes on Successor Agency owned propertiesALL E 16,000 16,000 16,000 - - - - - 16,000 31)Hookston - UST Removal BSK/Public Works Underground Storage Tanks removal C E 29,750 29,750 29,750 - - - - - 29,750 32)Property maintenance costs Bodhaine Weed abatement & property maintenance BP/NR/R E 45,000 45,000 45,000 - - - - - 45,000 *Project Area Key:**Funding Source:Totals - This Page 267,380,458 5,398,583 5,292,273 47,810 21,000 37,500 - - - 5,398,583 C=Contra Costa Centre (A) LMIHF NR= North Richmond (B) Bond proceeds Footnote (a): Debt Service payment due August 1, 2012. Refer to Exhibit A. BP=Bay Point (C ) Reserve Balances R = Rodeo (D) Administrative Cost Allowance M = Montalvin Manor (E) Redev. Prop. Tax Trust (F) Other revenue source Payments by month Project Area* Funding Source** Total Due During This Period Total Outstanding Debt as of 7/1/2012 5/16/2012 G:\CDBG-REDEV\Successor Agency\Budget\ROPS\ROPS Worksheets\051612-revised ROPS2 _050812_FINAL.OB approved.xlsx Page 8 of 8 pages EXHIBIT A to Draft ROPS prepared for approval on May 8, 2012 Debt Service Future Obligations every five (5) years as of June 30, 2011 Contra Costa Centre North Richmond Bay Point Rodeo Montalvin Manor Principal Interest Principal Interest Principal Interest Principal Interest Principal Interest FY From To 1999 2003A 2007A/AT/B 1999 2003A 2007A/AT/B 1999 2007A/AT/B 1999 2007A/AT/B 1999 2007A/AT/B 1999 2007A/AT/B 1999 2007A/AT/B 1999 2007A/AT/B 2007A/AT/B 2007A/AT/B 2011 2012 450,000 145,000 510,000 485,831.26 356,173.76 1,767,092.52 95,000 205,000 97,676.88 773,293.70 200,000 365,000 238,305.00 1,603,712.44 85,000 200,000 129,528.14 682,171.96 50,000 148,618.11 2012 2013 480,000 150,000 525,000 461,626.26 349,348.76 1,746,392.52 100,000 235,000 92,680.00 763,885.30 205,000 395,000 227,926.88 1,584,932.39 95,000 205,000 124,915.64 673,463.56 55,000 146,327.98 2013 2014 380,000 155,000 665,000 439,631.26 342,027.51 1,721,317.52 105,000 245,000 87,492.50 752,964.93 220,000 410,000 217,173.76 1,564,257.64 100,000 210,000 119,981.26 663,705.16 60,000 143,574.83 2014 2015 400,000 165,000 695,000 419,931.26 334,143.76 1,691,517.52 105,000 265,000 82,190.00 740,632.58 230,000 425,000 205,808.76 1,542,148.52 100,000 225,000 114,931.26 652,621.76 60,000 140,496.68 2015 2016 420,000 170,000 730,000 398,968.76 325,768.76 1,660,292.52 120,000 270,000 76,437.51 727,544.18 240,000 455,000 193,793.76 1,518,805.82 110,000 230,000 109,562.51 641,025.33 65,000 137,293.53 2,130,000 785,000 3,125,000 2,205,988.80 1,707,462.55 8,586,612.60 525,000 1,220,000 436,476.89 3,758,320.69 1,095,000 2,050,000 1,083,008.16 7,813,856.81 490,000 1,070,000 598,918.81 3,312,987.77 290,000 716,311.13 2016 2017 445,000 180,000 755,000 376,803.13 316,883.76 1,627,742.52 125,000 285,000 70,159.39 713,840.98 250,000 485,000 181,237.51 1,493,693.16 115,000 245,000 103,796.89 628,902.85 65,000 133,965.38 2017 2018 465,000 190,000 825,000 353,484.38 307,023.76 1,592,842.52 130,000 295,000 63,625.01 699,516.00 265,000 505,000 168,040.64 1,467,146.31 120,000 255,000 97,775.01 616,142.35 65,000 130,637.23 2018 2019 490,000 200,000 860,000 329,012.51 296,298.76 1,555,355.01 135,000 320,000 56,834.38 684,196.75 280,000 530,000 154,075.02 1,438,945.62 130,000 265,000 91,368.75 602,759.35 75,000 126,997.06 2019 2020 515,000 210,000 900,000 303,259.38 285,023.76 1,515,817.50 140,000 335,000 49,787.50 667,745.98 290,000 560,000 139,468.76 1,408,736.75 130,000 290,000 84,706.25 588,328.30 80,000 122,919.86 2020 2021 540,000 225,000 935,000 275,887.50 273,061.26 1,473,927.50 150,000 345,000 42,262.50 650,517.43 305,000 595,000 124,031.25 1,376,510.65 140,000 300,000 77,700.00 572,971.70 80,000 118,717.66 2,455,000 1,005,000 4,275,000 1,638,446.90 1,478,291.30 7,765,685.05 680,000 1,580,000 282,668.78 3,415,817.14 1,390,000 2,675,000 766,853.18 7,185,032.49 635,000 1,355,000 455,346.90 3,009,104.55 365,000 633,237.19 2021 2022 570,000 235,000 980,000 246,750.00 260,411.26 1,429,843.75 160,000 370,000 34,125.00 632,229.58 325,000 625,000 107,493.75 1,342,291.85 145,000 315,000 70,218.75 556,990.10 85,000 114,390.46 2022 2023 310,000 250,000 1,315,000 223,650.00 247,073.76 1,374,375.00 55,000 495,000 28,481.25 610,122.16 185,000 820,000 94,106.25 1,302,069.71 150,000 340,000 62,475.00 539,957.95 90,000 109,787.98 2023 2024 600,000 110,000 1,260,000 199,762.50 236,981.26 1,310,000.00 55,000 515,000 25,593.75 584,383.21 195,000 875,000 84,131.25 1,255,161.70 165,000 345,000 54,206.25 522,125.25 95,000 104,910.23 2024 2025 630,000 115,000 1,330,000 167,475.00 230,400.01 1,245,250.00 60,000 550,000 22,575.00 557,205.93 205,000 920,000 73,631.25 1,205,460.18 170,000 370,000 45,412.50 503,542.55 95,000 99,907.48 2025 2026 660,000 120,000 1,395,000 133,612.50 223,526.26 1,177,125.00 65,000 570,000 19,293.75 528,590.33 215,000 960,000 62,606.25 1,153,340.14 180,000 390,000 36,225.00 483,784.30 100,000 94,779.73 2,770,000 830,000 6,280,000 971,250.00 1,198,392.55 6,536,593.75 395,000 2,500,000 130,068.75 2,912,531.21 1,125,000 4,200,000 421,968.75 6,258,323.58 810,000 1,760,000 268,537.50 2,606,400.15 465,000 523,775.88 2026 2027 695,000 130,000 1,465,000 98,043.75 216,213.76 1,105,625.00 105,000 580,000 14,831.25 499,319.58 340,000 910,000 48,037.50 1,101,280.40 190,000 410,000 26,512.50 462,950.23 110,000 89,251.71 2027 2028 740,000 135,000 1,530,000 60,375.00 208,462.51 1,030,750.00 110,000 585,000 9,187.50 469,673.83 365,000 950,000 29,531.25 1,049,320.23 200,000 430,000 16,275.00 441,040.33 115,000 83,323.41 2028 2029 780,000 145,000 1,605,000 20,475.00 200,272.51 952,375.00 120,000 620,000 3,150.00 438,932.96 380,000 1,010,000 9,975.00 994,598.79 210,000 455,000 5,512.50 417,929.60 120,000 77,145.11 2029 2030 - 620,000 2,040,000 - 178,593.76 861,250.00 - 770,000 - 403,490.98 - 1,460,000 - 925,885.03 - 700,000 - 387,967.78 125,000 70,691.53 2030 2031 - 655,000 2,140,000 - 142,734.38 756,750.00 - 810,000 - 363,216.65 - 1,545,000 - 842,367.31 - 735,000 - 350,904.86 130,000 63,962.68 2,215,000 1,685,000 8,780,000 178,893.75 946,276.92 4,706,750.00 335,000 3,365,000 27,168.75 2,174,634.00 1,085,000 5,875,000 87,543.75 4,913,451.76 600,000 2,730,000 48,300.00 2,060,792.80 600,000 384,374.44 2031 2032 - 695,000 2,245,000 - 104,765.63 647,125.00 - 850,000 - 320,904.28 - 1,630,000 - 754,011.31 - 770,000 - 312,041.38 140,000 56,833.56 2032 2033 - 735,000 2,355,000 - 64,546.88 532,125.00 - 900,000 - 276,272.33 - 1,725,000 - 660,612.57 - 810,000 - 271,227.08 145,000 49,304.16 2033 2034 - 780,000 2,470,000 - 21,937.50 411,500.00 - 940,000 - 229,333.30 - 1,820,000 561,888.80 - 855,000 - 228,186.68 155,000 41,374.48 2034 2035 - - 3,415,000 - - 264,375.00 - 910,000 - 181,599.90 - 1,915,000 452,941.94 - 895,000 - 182,364.13 160,000 33,044.53 2035 2036 - 3,580,000 - 89,500.00 955,000 132,890.33 2,035,000 332,784.24 945,000 133,583.88 175,000 24,189.31 - 2,210,000 14,065,000 - 191,250.01 1,944,625.00 - 4,555,000 - 1,141,000.14 - 9,125,000 - 2,762,238.86 - 4,275,000 - 1,127,403.15 775,000 204,746.04 2036 2037 - - - - 1,005,000 81,672.86 2,160,000 205,140.64 995,000 82,126.70 180,000 14,808.81 2037 2038 - - - - 1,060,000 27,703.73 2,290,000 69,703.58 1,050,000 27,867.60 190,000 5,028.03 2038 2039 - - - - - - - - - - - - 2039 2040 - - - - - - - - - - - - 2040 2041 - - - - - - - 2,065,000 - 109,376.59 - 4,450,000 - 274,844.22 - 2,045,000 - 109,994.30 370,000 19,836.84 9,570,000 6,515,000 36,525,000 4,994,579.45 5,521,673.33 29,540,266.40 1,935,000 15,285,000 876,383.17 13,511,679.77 4,695,000 28,375,000 2,359,373.84 29,207,747.72 2,535,000 13,235,000 1,371,103.21 12,226,682.72 2,865,000 2,482,281.52 Principal Interest Total Total RECAP 1999 TAB 2003A TAB 2007A/AT/B 1999 TAB 2003A TAB 2007A/AT/B Principal Interest Year ending 2012 830,000 145,000 1,330,000 951,341 356,174 4,974,889 2,305,000 6,282,404 2013 880,000 150,000 1,415,000 907,149 349,349 4,915,002 2,445,000 6,171,499 2014 805,000 155,000 1,590,000 864,279 342,028 4,845,820 2,550,000 6,052,126 2015 835,000 165,000 1,670,000 822,861 334,144 4,767,417 2,670,000 5,924,422 2016 890,000 170,000 1,750,000 778,763 325,769 4,684,961 2,810,000 5,789,493 2017 2021 5,160,000 1,005,000 10,250,000 3,143,316 1,478,291 22,008,876 16,415,000 26,630,483 2022 2026 5,100,000 830,000 15,205,000 1,791,825 1,198,393 18,837,625 21,135,000 21,827,842 2027 2031 4,235,000 1,685,000 21,350,000 341,906 946,277 14,240,003 27,270,000 15,528,186 2032 2036 - 2,210,000 32,795,000 - 191,250 7,180,013 35,005,000 7,371,263 2037 2041 - - 8,930,000 - - 514,052 8,930,000 514,052 121,535,000 102,091,771 121,535,000 102,091,771 BACKGROUND: (CONT'D) Resolution 2012/240, which is amending the Recognized Obligation Payment Schedule (ROPS) for the period January through June 2012. On May 8, 2012, the Successor Agency approved a ROPS for the period July through December 2012 (Second ROPS) and considered the County Auditor Controller's estimate of the Redevelopment Property Tax Trust Fund (RPTTF) allocations proposed for distribution on June 1, 2012. The County Auditor-Controller administers the RPTTF, which receives the property tax revenue that previously was received by the former redevelopment agencies as tax increment. The Successor Agency relies on funds inherited by the former redevelopment agency and allocations from the RPTTF to pay its enforceable obligations as described on the ROPS. Staff reported that the County Auditor-Controller estimated that the RPTTF would be short $1,089,941.59, and therefore would have insufficient funds to pay enforceable obligations as described in the Second ROPS. Staff has since met with the County Auditor-Controller to determine how the Successor Agency's reserve balance could be considered in his June 1 allocation from the RPTTF. As a result of that meeting, staff has determined that the First ROPS should be amended to show a reserve of $1,222,500 for the August 2012 debt service payment. This amendment would result in a corresponding reduction in the RPTTF requested in the Second ROPS and eliminate the RPTTF deficit previously estimated by the County Auditor-Controller. Adoption of Resolution No. 2012/240 would amend the First ROPS, and is being considered as a separate item on this agenda. Adoption of Resolution No. 2012/240 would amend the Second ROPS by reducing the funds requested from the RPTTF by $1,222,500 to reflect a reserve balance of an equivalent amount to be shown in an amendment to the First ROPS. The Second ROPS is attached to Resolution No. 2012/240 as Exhibit A. In addition to lowering the amount of funds requested from the RPTTF, the Second ROPS is also being amended to respond to comments made by the State Department of Finance (DOF) regarding the First ROPS. Finally, the amended Second ROPS includes a revised estimate of the Administrative Allowance to be allocated to the Successor Agency's administrative budget. Please be aware that the Second ROPS approved by the Successor Agency on May 8, 2012, was subsequently approved by the Oversight Board and sent to the DOF and the County Auditor-Controller. On May 16, the DOF informed staff that it was reviewing the action of the Oversight Board. With adoption of Resolution No. 2012/241, the amended Second ROPS will be forwarded to the Oversight Board, which is scheduled to consider it on May 22, 2012. The action of the Oversight Board on the amended Second ROPS will then be sent to the Auditor Controller and DOF. The amendments are important, but limited in nature and should not significantly delay a response by the DOF on the Second ROPS. The Auditor Controller anticipates on June 1 to reserve an allocation from the RPTTF to fund the Second ROPS even if an official response from DOF is not available by June 1. CONSEQUENCE OF NEGATIVE ACTION: Failure to adopt the resolution would create a deficit in the Redevelopment Property Tax Trust Fund administered by the County Auditor Controller. Without amending the Recognized Obligation Payment Schedule, the County Auditor-Controller would not be able to allocate sufficient funds to the Successor Agency for enforceable obligations in the July to December time period. CHILDREN'S IMPACT STATEMENT: None. ATTACHMENTS Resolution No. 2012/241 Exhibit A: Amended Second ROPS Exhibit B Admin Budget