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HomeMy WebLinkAboutMINUTES - 09232014 - C.81RECOMMENDATION(S): 1. ADOPT Resolution No. 2014/347, approving an administrative budget for the Successor Agency for the period January 1, 2015 through June 30, 2015 (“Administrative Budget”) and the Recognized Obligation Payment Schedule for the period of January 1, 2015 - June 30, 2015 (“ROPS 14-15B”), both of which are attached as Exhibit A and Exhibit B, respectively. 2. FIND that the Administrative Budget and ROPS 14-15 B are exempt from the California Environmental Quality Act (“CEQA”) pursuant to Section 15061(b)(3) of the CEQA Guidelines; and 3. DIRECT the Interim 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. Since dissolution of the Contra Costa County Redevelopment Agency (the “Dissolved RDA”), tax increment is now deposited in the Redevelopment Property Tax Trust Fund (“RPTTF”), which is administered by the County Auditor-Controller. Distributions are made semi-annually from the RPTTF by the County Auditor-Controller to the Successor Agency to fund the Successor Agency's administrative budget and Recognized Obligation Payment Schedule. These funds are distinct and separate from other funds used by the Department of Conservation and Development. According to state law, any obligation of the Successor Agency that cannot be funded by the RPTTF would not be an obligation of the County. APPROVE OTHER RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE Action of Board On: 09/23/2014 APPROVED AS RECOMMENDED OTHER Clerks Notes: VOTE OF SUPERVISORS AYE:John Gioia, District I Supervisor Candace Andersen, District II Supervisor Mary N. Piepho, District III Supervisor Karen Mitchoff, District IV Supervisor ABSENT:Federal D. Glover, District V Supervisor Contact: Maureen Toms, 674-7878 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: September 23, 2014 David Twa, County Administrator and Clerk of the Board of Supervisors By: Stacey M. Boyd, Deputy cc: C. 81 To:Successor to the Contra Costa County Redevelopment Agency From:John Kopchik, Interim Director, Conservation & Development Department Date:September 23, 2014 Contra Costa County Subject:Recognized Obligation Payment Schedule 14-15B BACKGROUND: Administrative Budget According to Health & Safety Code Section 34177 of Assembly Bill x126 (the “Dissolution Act”), the Successor Agency staff prepares a draft administrative budget and submits it to the Oversight Board for approval. Prior to the Oversight Board’s approval of the administrative budget, the Board of Supervisors, acting in the capacity as the governing board of the Successor Agency for the Contra Costa County Redevelopment Agency, should review and approve the proposed administrative budget. The state statute specifies a minimum administrative cost allowance to the Successor Agency for its administrative costs, using a percentage of property tax revenue allocated by the County Auditor-Controller to the Successor Agency to meet enforceable obligations. The County Auditor-Controller calculates the allowance using three percent of the distribution to be received by the Successor Agency from the Redevelopment Property Tax Trust Funds (RPTTF) or $250,000 for the fiscal year, whichever amount is greater. The County Auditor-Controller general practice has been to provide all successor agencies in the County with the statutory minimum administrative cost allowance in the amount of $250,000 along with the July 1st RPTTF distribution. The County Auditor Controller will distribute a supplemental administrative cost allowance along with the January 2nd RPTTF distribution in cases where three percent of a successor agency's RPTTF distribution for the fiscal year is greater than $250,000. In February 2014, the Fiscal Year 2014-15 administrative budget estimated that it would receive an administrative cost allowance equal to three percent of the Successor Agency’s RPTTF distribution or approximately $302,000 for the entire Fiscal Year 2014-15. That estimate is now decreased to $297,974. The minimum $250,000 annual administrative cost allowance was received in July 2014, with the remaining $47,974 now expected to be received in January 2015. Some Successor Agency staff costs are project-related and charged to non-administrative enforceable obligations (e.g. management of construction projects) shown on the Recognized Obligation Payment Schedules (ROPSs). These non-administrative and project management costs are now estimated to contribute $39,914 in revenue for the administrative budget in ROPS 14-15B period. The administrative budget is attached as Exhibit A. Recognized Obligation Payment Schedule 14-15B Beginning in Fiscal Year 2013-14, the Department of Finance ("DOF") implemented a new naming convention for ROPS prepared for each six-month spending period. The ROPS for the January 1, 2015 to June 30, 2015 time period is the seventh ROPS prepared by the Successor Agency and is named "ROPS 14-15B" according to the DOF naming convention. This naming convention helps the DOF determine which six-month period of the fiscal year is covered by the ROPS. ROPS 14-15A covers the first half of Fiscal Year 14-15 and ROPS 14-15B covers the second half. Resolution No. 2014/347 adopts ROPS 14-15B, which is included as Exhibit B to this report. After adoption by the Successor Agency, ROPS 14-15B will be submitted to the Oversight Board for approval. The Oversight Board is scheduled to meet on September 24, 2014. As required under Health and Safety Code Section 34179.6, ROPS 14-15B will be submitted to the State Controller's Office, DOF and the County Auditor-Controller, and will be posted on the Successor Agency's website. The DOF must receive ROPS 14-15B no later than October 3, 2014. Assembly Bill 1484, the Dissolution Act "clean-up" legislation, became law on June 27, 2012. It provides a 45-day review period for the DOF once the Oversight Board has approved the ROPS. Within five days of the DOF decision on a ROPS, a Successor Agency may request a meet and confer with the DOF to discuss any disputed items. ROPS 14-15B authorizes all payments to be made by the Successor Agency for enforceable obligations for the six-month time period between January 1, 2015 and June 30, 2015. The payments noted on the ROPS are estimates. In most cases, assumptions made for ROPS 14-15B were based on actual expenditures in the prior ROPS and expected expenditures in ROPS 14-15B. The title page of ROPS 14-15B shows enforceable obligations require a $4,891,183 distribution from the Successor Agency’s RPTTF. This amount assumes the RPTTF has already set aside pass-through payments to taxing entities and administrative costs for the County Auditor-Controller. In cases where the Auditor-Controller determines that RPTTF revenue is not sufficient to meet ROPS obligations, the Auditor-Controller will make distributions from the RPTTF according to the priorities established by the Dissolution Act. These priorities are as follows: 1) tax allocation bond debt service payments, 2) pass thru payments, 3) other ROPS obligations, and 4) administrative allowance. In a case where there is residual RPTTF after payment of these priorities, this residual revenue would be distributed to the taxing entities based on their tax rates for properties located within the project area. On July 18, 2013, the Department of Finance issued the Successor Agency a "Finding of Completion" pursuant to Health and Safety Code Section 34179.7. As a result of the issuance of the Finding of Completion, the Successor Agency is authorized to: (1) place loan agreements between the dissolved RDA and the County on the ROPS; (2) utilize proceeds derived from non-housing bonds issued prior to January 1, 2011, in a manner consistent with the original bond covenants; and (3) dispose of properties owned by the Former RDA pursuant to a long-range property management plan approved by the Successor Agency’s Oversight Board and the DOF. ROPS 13-14B relisted several bond-funded projects; including project management costs as allowed under Section 34191.4(c) which were rejected by DOF in the prior ROPS (see Lines 10, 14, 17, 20, 21, 22, 23, 24, 95). Line items 20, 22, 23, and 95 have since retired. In addition to the bond-funded projects, ROPS 13-14B also committed housing bond proceeds derived from indebtedness obligations that were issued prior to January 1, 2011 to fund affordable housing projects as authorized under Health and Safety Code Section 34176(g)(1) (Lines 111 through 120), which have since been retired. The housing bond proceeds were committed to affordable housing projects consistent with the housing bond covenants through subsequent action by the Housing Successor. There are currently two outstanding loans from the County that need repayment, including the Montalvin Manor loan (#59) and State Supplemental Educational Revenue Fund (SERAF) repayment (#74). According to Section 34191.4.(b)(2)(A), the maximum repayment amount authorized each fiscal year for repayments must be equal to one-half of the increase between the amount distributed to the taxing in a particular fiscal year and the amount distributed to taxing entities pursuant to that paragraph in the 2012–13 base year. In the base year of 2012-13, the County Auditor-Controller made a total residual distribution of $359,755.05, the entire amount of which was distributed in July 2012 and no residual distribution was made in January 2013. The County Auditor-Controller made a total residual distribution of $359,395.52 for 2013-14, the entire amount of which was paid in July 2013 with no residual distribution in January 2014. The residual distribution in July 2014 was $1,266,297. The residual distribution for January 2015 will be added to the July 2014 distribution in order to calculate the amount available for loan repayment in the ROPS 15-16A period. Since the SERAF loan was borrowed from the low and moderate income housing fund (LMIHF), it will need to be repaid before other loans, as required by statute. ROPS 13-14B also relisted the Fiscal Agreement with the East Bay Regional Park District (EBRPD) (see Line 65). The DOF again denied this item in ROPS 13-14B, but indicated it would be eligible for reimbursement after the improvements proposed for the EBRPD’s Lone Tree Point property are completed. The enforceable obligation is listed on ROPS 14-15B with $14,500 of RPTTF funds requested. Environmental Review The actions set forth in Resolution No. 2014/347 as summarized above, are exempt under Section 15061(b)(3) of the Guidelines for the California Environmental Quality Act (the "CEQA") in that it can be seen with a certainty that the actions will not have a significant adverse impact on the environment. The actions are required to continue a governmental funding mechanism for financial obligations of the former Redevelopment Agency and to perform the statutorily mandated unwinding of the assets, liabilities, and functions of the Dissolved RDA pursuant to the Dissolution Act. A Notice of Exemption will be filed with the County Clerk in accordance with the CEQA guidelines. CONSEQUENCE OF NEGATIVE ACTION: Failure to adopt the resolution would require the Board to consider other options for providing and funding staff support for the Successor Agency. Without approving the Recognized Obligation Payment Schedule for the period January through June 2015, the County Auditor-Controller would not be able to allocate funds to the Successor Agency for staffing services and payment of recognized obligations during this six-month period, and the Successor Agency would risk defaulting on enforceable obligations. CHILDREN'S IMPACT STATEMENT: Not Applicable ATTACHMENTS Resolution No. 2014/347 Exhibit A - Administrative Budget Exhibit B – ROPS 14-15B EXHIBIT A- Administrative Budget line 14-15A 14-15B Total Admin/Non Admin Staff Expenses Space Rent $16,200 $16,200 $32,400 Salary/Overhead $87,000 $82,711 $169,711 Various Admin Expenses $100,000 $100,000 $200,000 TOTAL ADMIN EXPENSES $203,200 $198,911 $402,111 Revenue Administrative Cost Allowance 94 $250,000 $47,974 $297,974 EO (Non Admin + Project Mgmt) $64,914 $39,914 $104,827 TOTAL ADMIN REVENUES $314,914 $87,888 $402,801 SURPLUS/(DEFICIT) $111,714 -$111,024 $690 Project Management Enforceable Obligations Rodeo Bond Project 24 $20,000 $0 $20,000 IHT Properties 87 $5,000 $0 $5,000 Transit Village Project Management 89 $15,000 $15,000 $30,000 IH Remediation Project Management 105 $5,000 $5,000 $10,000 Successor Housing (project Costs)$19,122 $19,122 $38,244 JPA Administration (non-ROPS item)$792 $792 $1,583 $64,914 $39,914 $104,827 Notes Salary/Overhead amounts include project management costs. 9/9/2014 Various Admin Expenses Goldfarb 30000 MGO 50000 Fraser 4000 County Counsel 3000 contingency 13000 100000 $42,798 52474 Name of Successor Agency:Contra Costa County Name of County:Contra Costa Current Period Requested Funding for Outstanding Debt or Obligation A 3,954,704$ B 2,377,042 C 1,577,662 D - E 4,891,183$ F 4,843,209 G 47,974 H Current Period Enforceable Obligations (A+E):8,845,887$ Successor Agency Self-Reported Prior Period Adjustment to Current Period RPTTF Requested Funding I Enforceable Obligations funded with RPTTF (E):4,891,183 J - K 4,891,183$ County Auditor Controller Reported Prior Period Adjustment to Current Period RPTTF Requested Funding L Enforceable Obligations funded with RPTTF (E):4,891,183 M - N 4,891,183 Name Title /s/ Signature Date Recognized Obligation Payment Schedule (ROPS 14-15B) - Summary Filed for the January 1, 2015 through June 30, 2015 Period Enforceable Obligations Funded with Non-Redevelopment Property Tax Trust Fund (RPTTF) Funding Sources (B+C+D): Non-Administrative Costs (ROPS Detail) Enforceable Obligations Funded with RPTTF Funding (F+G): Bond Proceeds Funding (ROPS Detail) Reserve Balance Funding (ROPS Detail) Other Funding (ROPS Detail) Six-Month Total Administrative Costs (ROPS Detail) Less Prior Period Adjustment (Report of Prior Period Adjustments Column S) Adjusted Current Period RPTTF Requested Funding (I-J) Less Prior Period Adjustment (Report of Prior Period Adjustments Column AA) Adjusted Current Period RPTTF Requested Funding (L-M) 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. 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 223,832,603$ 2,377,042$ 1,577,662$ -$ 4,843,209$ 47,974$ 8,845,887$ 2 1:5 Homebuyer Resale Transaction Property 5/15/2007 12/29/2028 Contra Costa County Acquisition/rehabilitation BP,NR,R Y - 4 1:9 Youth Homes Facility OPA/DDA/Constructi on 6/25/2008 12/29/2028 Contra Costa County Relocation costs BP 55,037 N 55,037 55,037 7 1:14 Contracts - Relocation/Maintenance OPA/DDA/Constructi on 6/15/2006 12/29/2028 Contra Costa County Orbisonia Heights BP Y - - 10 2:3 Placemaking Transit Village OPA/DDA/Constructi on 12/19/2005 7/10/2026 AvalonBay Placemaking improvements (e.g, parks, etc) C 565,733 N 565,733 565,733 14 2:8 Re-authorized Contract for Capital Imprv Improvement/Infrastr ucture 4/18/2012 7/10/2026 Contra Costa County CCC Infrastructure improvements C 1,075,899 N 1,075,899 1,075,899 17 2:12 Re-authorized Contract for Improvements Improvement/Infrastr ucture 4/18/2012 7/14/2028 Contra Costa County NR Industrial infrastructure improv NR 5,510 N 5,510 5,510 21 2:18 Re-authorized Contract for Improvements Improvement/Infrastr ucture 4/18/2012 7/10/2031 Contra Costa County RO obsolete infrastructure elements R 729,575 N 729,575 729,575 23 2:23 Bond Project Management Project Management Costs 7/1/2011 7/14/2028 Contra Costa County Payroll for employees Project management costs NR - Y - 24 2:24 Bond Project Management Project Management Costs 7/1/2011 7/10/2031 Contra Costa County Payroll for employees Project management costs R - Y - 28 3:29 Property holding costs Property Maintenance 7/10/1984 6/30/2013 CCC Public Works Property maintenance ALL 5,682 N 325 5,357 5,682 46 5:24 Placemaking Transit Village OPA/DDA/Constructi on 12/19/2005 7/10/2026 AvalonBay Placemaking improvements (ie parks, etc) C 384,213 N 384,213 384,213 54 7:1 1999 Tax Allocation Bonds Bonds Issued On or Before 12/31/10 4/20/1999 8/1/2018 US Bank NA Bonds issue to fund non-housing projects. Put note bal as of 2/1/14 C/BP/NR/R 12,174,147 N 449,538 449,538 55 7:2 1999 Tax Allocation Bonds Bonds Issued On or Before 12/31/10 4/20/1999 8/1/2018 US Bank NA Bonds issue to fund housing projects. Put note bal as of 2/1/14 C/BP/NR/R 146,493 N 14,837 14,837 56 7:3 2003A Tax Allocation Bonds Bonds Issued On or Before 12/31/10 8/22/2003 8/1/2033 US Bank NA Bonds issue to fund non-housing projects. C 10,539,920 N 250,009 250,009 57 7:4 2007A/AT/B Tax Allocation Bonds Bonds Issued On or Before 12/31/10 5/30/2007 8/1/2037 US Bank NA Bonds issue to fund non-housing projects. ALL 117,556,420 N 2,617,402 2,617,402 58 7:5 2007A/AT/B Tax Allocation Bonds Bonds Issued On or Before 12/31/10 5/30/2007 8/1/2037 US Bank NA Bonds issue to fund housing projects. ALL 24,721,325 N 476,233 476,233 59 7:6 Montalvin Manor Project Start Up Loan City/County Loans On or Before 6/27/11 6/30/2003 7/8/2034 Contra Costa County Loan for project administration M 293,006 N - 60 7:7 Bond-License agreement Professional Services 3/31/2006 3/31/2038 DAC Document repository for bond issues ALL 46,000 N 500 2,000 2,500 61 7:8 Bond-Treasurer fees Fees 7/10/1984 8/1/2037 CCC Treasurer Cash management for bond issues ALL 5,028 N 594 594 63 7:11 Hookston Station Remediation Litigation 11/5/1997 8/1/2037 Bank Of Amer, Trustee Remediation of hazardous material C 1,286,000 N 10,000 10,000 65 7:13 Fiscal Agreement Improvement/Infrastr ucture 5/8/1990 7/10/2031 EBRPD Project improvement R 500,000 N 14,500 14,500 68 7:16 Trustee fees Fees 4/20/1999 8/1/2018 US Bank Annual administration fees 99TAB C/BP/NR/R 34,257 N 45 45 69 7:17 Trustee fees Fees 8/22/2003 8/1/2033 US Bank Annual administration fees 03ATAB C/BP/NR/R 70,823 N 2,795 2,795 71 7:19 Trustee fees Fees 5/30/2007 8/1/2037 US Bank Annual administration fees 07TAB ALL 127,215 N 5,890 5,890 74 7:22 SERAF SERAF/ERAF 5/10/2010 7/10/2031 Housing Fund SERAF fy 2010-11 payment BP/R 500,717 N - - 76 7:24 Financial Assistance OPA/DDA/Constructi on 5/23/1989 5/1/2017 Park Regency Agency assistance C 2,200,000 N 275,000 275,000 550,000 77 7:25 Financial Assistance OPA/DDA/Constructi on 11/1/1998 11/1/2053 Bridge Housing Agency assistance C 1,700,000 N 50,000 50,000 78 7:26 Financial Assistance OPA/DDA/Constructi on 12/19/2005 5/1/2064 AvalonBay Agency assistance. C 41,464,457 N 696,122 631,690 1,327,812 82 8:19 I H Trail/Hookston Sttn Remediatn Litigation 8/15/2012 12/31/2013 Goldfarb Lipman Remediation of I H corridor parcels C 46,972 N 46,972 46,972 83 8:20 I H Trail/Hookston Sttn Remediatn Litigation 8/15/2012 5/1/2064 Contra Costa County Remediation of I H corridor parcels C 24,829 N 24,829 24,829 85 8:22 Technical Assistance Professional Services 7/10/1984 7/10/2031 Public Works Department Technical Assist for non-housing projects ALL 30,000 N 30,000 30,000 87 8:24 Iron Horse Trail properties Project Management Costs 1/1/2013 5/1/2064 Contra Costa County Payroll for employeesProject management costs. C 5,000 N 5,000 5,000 Recognized Obligation Payment Schedule (ROPS 14-15B) - ROPS Detail January 1, 2015 through June 30, 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 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 14-15B) - ROPS Detail January 1, 2015 through June 30, 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 88 8:25 Transit Village OPA/DDA/Constructi on 8/15/2012 12/31/2013 Goldfarb & Lipman Transit Village implementation C 34,474 N 20,000 20,000 89 8:26 Transit Village OPA/DDA/Constructi on 8/15/2012 5/1/2064 Contra Costa County Payroll for employeesProject management costs. C 70,000 N 15,000 15,000 91 8:28 Hookston Station Remediation Litigation 1/23/2012 6/15/2015 Ensafe Administrator of haz-mat remediation fund. C 26,014 N 8,400 8,400 92 8:29 Tri City Remediation Remediation 1/7/2011 7/10/2036 Contra Costa County Payroll for employeesProject management costs. C 10,000 Y - 94 6:0 Adminstrative Allowance Admin Costs 7/1/2013 5/1/2064 Contra Costa County Adminstrative Allowance ROPS 2014- 15A All 6,992,000 N 47,974 47,974 104 10:02 Iron Horse (IH) Corridor Remediation and property management Remediation 7/1/2013 5/1/2064 Contra Costa County Management of IH Corridor properties, including maintenance, remediation, and preparation of property transfer. C 169,601 N 22,000 22,000 105 10:03 IH Corridor Remediation and property management Remediation 7/1/2013 5/1/2064 Contra Costa County Management of IH Corridor properties, including maintenance, remediation, and preparation of property transfer. 20,000 N 20,000 20,000 108 10:06 Litigation Costs for Defaulted Loans Litigation 6/30/2011 7/10/2031 CCC Counsel Litigation costs to collect on default SA outstanding notes receivables (from Vallero, Keefe). ALL 5,000 N 5,000 5,000 109 10:07 Bond Arbitrage Rebate Reporting Compliance Fees 7/1/2011 6/30/2014 BLX Group LLC Arbitrage Rebate Compliance Services ALL 69,256 N 2,900 2,900 110 10:08 Disclosure Statements Reporting Compliance Fees 4/20/1999 3/1/2038 Jones Hall Disclosure Statements Compliance Services ALL 142,000 N 4,008 4,008 122 10:20 Unfunded (approved) Enforceable Obligations from ROPS 13-14B RPTTF Shortfall 7/1/2014 12/31/2014 Successor Agency ROPS 13-14B unpaid allowance. ALL - Y - 123 - 9/15/2014 G:\CDBG-REDEV\Successor Agency\Budget\ROPS\ROPS Worksheets before final\ROPS 14-15B\091514 _DOF_(9)_Contra_Costa_County_ROPS_14-15B.xlsx 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 13-14B Actuals (01/01/14 - 06/30/14) 1 Beginning Available Cash Balance (Actual 01/01/14) 12,572,821 1,194,770 860,568 799 762,217 2 Revenue/Income (Actual 06/30/14) RPTTF amounts should tie to the ROPS 13-14B distribution from the County Auditor-Controller during January 2014 1,368 - 39,751 6,095,312 Col. H2 =$6,095,312 ties to RPTTF received from CAC. Col. G2 = $39,751 ($39,746 as bond interest + $5 Laif Interest).This amount will cover the insufficient RPTTF fund for approved RPTTF-Admin obligation. 3 Expenditures for ROPS 13-14B Enforceable Obligations (Actual 06/30/14) RPTTF amounts, H3 plus H4 should equal total reported actual expenditures in the Report of PPA, Columns L and Q 7,694,671 43,038 860,568 40,550 5,781,353 Col H-3 =$5,781,353 ($5,821,903 actual paid RPTTF for Jan-June 30/14 LESS $40,550 which is calculated as $799 +39751).Col. E3 =$43,038 amt paid for Rops 13-14B approved reserve obligation. Col. F3 =$860,568 is amount of prior period approved reserve paid in 13-14B period. Col G3 =$40,550 ($39,751 +799 beg bal). This amount is spent to cover insufficient RPTTF Admin cost. 4 Retention of Available Cash Balance (Actual 06/30/14) RPTTF amount retained should only include the amounts distributed for debt service reserve(s) approved in ROPS 13-14B - 54,198 364,305 Cell E4= $54,198 is accrued approved reserve obligations for services provided during Rops 13-14B. Cell H4 = $364,305 ($50,000 retention of approved RPTTF obligations for financial assistance agreement + debt service $285,719 paid after 6/30/14 + $28,586 accruals for services provided during ROPS13-14B period) Cell E4: Accrued Approved Reserve obligations for services provided during ROPS 13-14B period. 5 ROPS 13-14B RPTTF Prior Period Adjustment RPTTF amount should tie to the self-reported ROPS 13-14B PPA in the Report of PPA, Column S No entry required 6 Ending Actual Available Cash Balance C to G = (1 + 2 - 3 - 4), H = (1 + 2 - 3 - 4 - 5) 4,879,518 - 1,097,534 - - 711,871 ROPS 14-15A Estimate (07/01/14 - 12/31/14) 7 Beginning Available Cash Balance (Actual 07/01/14) (C, D, E, G = 4 + 6, F = H4 + F4 + F6, and H = 5 + 6)4,879,518 - 1,151,732 364,305 - 711,871 8 Revenue/Income (Estimate 12/31/14) RPTTF amounts should tie to the ROPS 14-15A distribution from the County Auditor-Controller during June 2014 1,021,688 -5,191,654 Cell H8: Ties to the approved RPTTF obligations distributed by CAC for Rops 14-15A. 9 Expenditures for ROPS 14-15A Enforceable Obligations (Estimate 12/31/14)1,483,011 1,219,671 364,305 4,220,532 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 4,418,195 971,122 Cell H10: Approved RPTTF obligations for the retention for financial assistance agreement. 11 Ending Estimated Available Cash Balance (7 + 8 - 9 -10)- - (67,939) - - 711,871 Recognized Obligation Payment Schedule (ROPS 14-15B) - 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 NOTES Bond Proceeds Reserve Balance Cash Balance Information by ROPS Period A B C D E F G H I J K L M N O P Q R S T U Admin and Admin PPA (Amount Used to Offset ROPS 14- 15B Requested Authorized Actual Authorized Actual Authorized Actual Authorized Available RPTTF (ROPS 13-14B distributed + all other available as of 01/1/14) Net Lesser of Authorized / Available Actual Difference (If K is less than L, the difference is zero) Authorized Available RPTTF (ROPS 13-14B distributed + all other available as of 01/1/14) 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 10,353,623$ 7,694,671$ 1,851,171$ 957,804$ -$ 39,751$ 6,339,914$ 6,053,746$ 6,053,746$ 6,053,746$ -$ 133,174$ 41,566$ $ 41,566 132,462$ -$ -$ 1 1:4 Contract for - 60,000 60,000 - - - - - 2 1:5 Homebuyer Resale - 8,500 8,500 - - - - - 3 1:6 Homebuyer Resale Revolving - - - - - - - - 4 1:9 Youth Homes Facility - 70,441 201 - - - - - 5 1:11 Heritage Point Prop Dispostn Exp - 120,609 17,833 - - - - - 6 1:13 Las Deltas Feasibility - - - - - - - 7 1:14 Contracts - Relocation/Maintenance - 4,739 4,522 - - - - - 8 1:17 1250 Las Juntas disposition exp - - - - - - - 9 2:2 Iron Horse Trail Overcrossing - - - - - - - 10 2:3 Placemaking Transit Village 565,733 - - - - - - 11 2:4 Placemaking Transit Village - - - - - - - 12 2:5 BART Replacement Garage - - - - - - - 13 2:7 Contract for Community Imprv - - - - - - - 14 2:8 Re-authorized Contract for Capital Imprv 162,193 - - - - - - 15 2:9 Contract for Wayfinding Prog - - - - - - - 16 2:10 Contract for Wayfinding Prog - - - - - - - 17 2:12 Re-authorized Contract for Improvements 1,176,121 - - - - - - 18 2:14 Contract for Relocation Consultant - - - - - - - 19 2:16 Contracts - Relocation/Maintenance - - - - - - - 20 2:17 Contract for Sewer Improvements 10,962 10,961 - - - - - - 21 2:18 Re-authorized Contract for Improvements 692,858 - - - - - - - 22 2:22 Bond Project Management 20,000 15,758 - - - - - - 23 2:23 Bond Project Management 20,000 - - - - - - 24 2:24 Bond Project Management 20,000 - - - - - - 25 3:10 Contract for legal services - - - - - - - 26 3:11 Contract for financial analysis - - - - - - - 27 3:15 Contract for financial advisor - - - - - - - RPTTF Expenditures ROPS 13 14B CAC PPA: To be completed by the CAC upon submittal SA Comments Recognized Obligation Payment Schedule (ROPS 14-15B) - 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) (Report Amounts in Whole Dollars) 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) 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 State Controller. Item # Project Name / Debt Obligation Non-RPTTF Expenditures Non-Admin Non-Admin CAC AdminBond Proceeds Reserve Balance Other Funds RPTTF Expenditure A B C D E F G H I J K L M N O P Q R S T U Admin and Admin PPA (Amount Used to Offset ROPS 14- 15B Requested Authorized Actual Authorized Actual Authorized Actual Authorized Available RPTTF (ROPS 13-14B distributed + all other available as of 01/1/14) Net Lesser of Authorized / Available Actual Difference (If K is less than L, the difference is zero) Authorized Available RPTTF (ROPS 13-14B distributed + all other available as of 01/1/14) 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 10,353,623$ 7,694,671$ 1,851,171$ 957,804$ -$ 39,751$ 6,339,914$ 6,053,746$ 6,053,746$ 6,053,746$ -$ 133,174$ 41,566$ $ 41,566 132,462$ -$ -$ RPTTF Expenditures ROPS 13 14B CAC PPA: To be completed by the CAC upon submittal SA Comments Recognized Obligation Payment Schedule (ROPS 14-15B) - 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) (Report Amounts in Whole Dollars) 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) 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 State Controller. Item # Project Name / Debt Obligation Non-RPTTF Expenditures Non-Admin Non-Admin CAC AdminBond Proceeds Reserve Balance Other Funds RPTTF Expenditure 28 3:29 Property holding costs - 5,357 451 - - - - - 29 4:1 Hookston Station Remediation - - - - - - - 30 4:2 Contract for Planning Activities - - - - - - - 31 4:3 Contract for Planning Activities - - - - - - - 32 4:4 Contract for Planning Activities - - - - - - - 33 4:7 Transit Village (TV) Consultant Fee - - - - - - - 34 4:9 Hookston Business Relocation - - - - - - - 35 4:10 Placemaking Civic Use - - - - - - - 36 4:11 Walden I Upgrade - - - - - - - 37 4:12 Contract for Busn Relocation - - - - - - - 38 4:13 Heritage Point Land - - - - - - - 39 4:16 County Child Care Mitagation - - - - - - - 40 4:17 Loan Program - - - - - - - 41 4:26 189-199 Parker - - - - - - - 42 4:27 Walden II Remediation - - - - - - - 43 4:28 Walden II Remediation - - - - - - - 44 5:4 Hookston Station Remediation - - - - - - - 45 5:23 Placemaking Transit Village - - - 767,500 767,500 767,500 767,500 - - 46 5:24 Placemaking Transit Village - 640,362 - - - - - 47 5:27 Various Admin expenses - - - - - - - 48 5:28 Contract for accounting - - - - - - - 49 5:29 Legal fees - - - - - - - 50 6:1 Lease (30 Muir) - - - - - - - 51 6:3 Employee costs - - - - - - - 52 6:9 Contract for legal services - - - - - - - 53 6:10 Contract for accounting - - - - - - - 54 7:1 1999 Tax Allocation Bonds - - - 451,270 451,065 451,065 451,065 - - 55 7:2 1999 Tax Allocation Bonds - - - 15,473 15,473 15,473 15,473 - - A B C D E F G H I J K L M N O P Q R S T U Admin and Admin PPA (Amount Used to Offset ROPS 14- 15B Requested Authorized Actual Authorized Actual Authorized Actual Authorized Available RPTTF (ROPS 13-14B distributed + all other available as of 01/1/14) Net Lesser of Authorized / Available Actual Difference (If K is less than L, the difference is zero) Authorized Available RPTTF (ROPS 13-14B distributed + all other available as of 01/1/14) 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 10,353,623$ 7,694,671$ 1,851,171$ 957,804$ -$ 39,751$ 6,339,914$ 6,053,746$ 6,053,746$ 6,053,746$ -$ 133,174$ 41,566$ $ 41,566 132,462$ -$ -$ RPTTF Expenditures ROPS 13 14B CAC PPA: To be completed by the CAC upon submittal SA Comments Recognized Obligation Payment Schedule (ROPS 14-15B) - 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) (Report Amounts in Whole Dollars) 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) 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 State Controller. Item # Project Name / Debt Obligation Non-RPTTF Expenditures Non-Admin Non-Admin CAC AdminBond Proceeds Reserve Balance Other Funds RPTTF Expenditure 56 7:3 2003A Tax Allocation Bonds - - - 251,634 251,462 251,462 251,462 - - 57 7:4 2007A/AT/B Tax Allocation Bonds - - - 2,959,470 2,800,957 2,800,957 2,800,957 - - 58 7:5 2007A/AT/B Tax Allocation Bonds - - - 476,855 475,124 475,124 475,124 - - 59 7:6 Montalvin Manor Project Start Up Loan - - - - - - - 60 7:7 Bond-License agreement - - - 2,000 1,500 1,500 1,500 - - 61 7:8 Bond-Treasurer fees - 594 - - - - - - 62 7:9 Bond-Accounting fees - - - - - - - 63 7:11 Hookston Station Remediation - - - - - - - 64 7:12Tri City Remediation - - - - - - - 65 7:13 Fiscal Agreement - - - - - - - 66 7:14 Loan for Wildcat/San Pablo - - - - - - - 67 7:15 Trustee fees - - - - - - - 68 7:16 Trustee fees - - - 205 - - - 69 7:17 Trustee fees - - - - - - - 70 7:18 Trustee fees - - - - - - - 71 7:19 Trustee fees - - - - - - - 72 7:20 LMIF Monitorring (rental) - - - - - - - 73 7:21 LMIF Monitorring (ownership) - - - - - - - 74 7:22 SERAF - - - - - - - 75 7:23 Town Center/Housing - - - - - - - 76 7:24 Financial Assistance - 275,000 275,000 - 275,000 275,000 275,000 275,000 - - 77 7:25 Financial Assistance - - - 50,000 50,000 50,000 50,000 - - 78 7:26 Financial Assistance - 585,568 585,568 - 806,676 742,244 742,244 742,244 - - 79 7:27 Contract for accounting - - - - - - - 80 7:30 Property taxes - - - - - - - 81 7:32 Property maintenance costs - - - - - - - 82 8:19 I H Trail/Hookston Sttn Remediatn - 47,672 700 - - - - - 83 8:20 I H Trail/Hookston Sttn Remediatn - 12,329 5,029 - 12,500 - - - - - 84 8:21 I H Trail/Hookston Sttn Remediatn - - - 75,000 75,000 75,000 75,000 - - 85 8:22 Technical Assistance - - - 30,000 - - - - - 86 8:23 Contract for legal services - - - - - - - 87 8:24 Iron Horse Trail properties - - - 5,000 4,998 4,998 4,998 - - 88 8:25 Transit Village - 20,000 - - - - - 89 8:26 Transit Village - - - 15,000 15,000 15,000 15,000 - - A B C D E F G H I J K L M N O P Q R S T U Admin and Admin PPA (Amount Used to Offset ROPS 14- 15B Requested Authorized Actual Authorized Actual Authorized Actual Authorized Available RPTTF (ROPS 13-14B distributed + all other available as of 01/1/14) Net Lesser of Authorized / Available Actual Difference (If K is less than L, the difference is zero) Authorized Available RPTTF (ROPS 13-14B distributed + all other available as of 01/1/14) 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 10,353,623$ 7,694,671$ 1,851,171$ 957,804$ -$ 39,751$ 6,339,914$ 6,053,746$ 6,053,746$ 6,053,746$ -$ 133,174$ 41,566$ $ 41,566 132,462$ -$ -$ RPTTF Expenditures ROPS 13 14B CAC PPA: To be completed by the CAC upon submittal SA Comments Recognized Obligation Payment Schedule (ROPS 14-15B) - 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) (Report Amounts in Whole Dollars) 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) 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 State Controller. Item # Project Name / Debt Obligation Non-RPTTF Expenditures Non-Admin Non-Admin CAC AdminBond Proceeds Reserve Balance Other Funds RPTTF Expenditure 90 8:27 Principal/Interest fy2007-2011 - - - - - - - 91 8:28 Hookston Station Remediation - - - 6,000 - - - - - 92 8:29 Tri City Remediation - - - 10,000 10,000 10,000 10,000 - - 93 8:30 Mgmt of Housing Projects - - - - - - - 94 6:0 Adminstrative Allowance - - - - - - 132,462 - 95 2:12 Contract for Improvements - - - - - - - 96 7:20 LMIF Monitorring (rental) - - - - - - - 97 7:21 LMIF Monitorring (ownership) - - - - - - - 98 8:23 Contract for legal services - - - - - - - 99 8:30 Management of Projects - - - - - - - 100 9:01 Tri City Remediation (7:12) Phase II - - - - - - - 101 9:02 Iron Horse Overcrossing 2:2 (Lighting change order) - - - - - - - 102 9:03 Contract for Sewer Improvements 2:17 (change order) - - - - - - - 103 10:01 Return of funds - - - - - - - 104 10:02 Iron Horse (IH) Corridor Remediation and property management - - - 20,000 20,000 20,000 20,000 - - 105 10:03 IH Corridor Remediation and property management - - - - - - - 106 10:04 Return of Funds - - - - - - - 107 10:05 Return of funds - - - - - - - 108 10:06 Litigation Costs for Defaulted Loans - - - 5,000 - - - 109 10:07 Bond Arbitrage Rebate Reporting Compliance - - - 5,000 2,100 2,100 2,100 - - 110 10:08 Disclosure Statements Reporting Compliance - - - 5,000 992 992 992 - - 111 10:09 Bay Point Housing Project (Orbisonia Heights) Management 3,510,699 3,505,033 - - - - - - 112 10:10 Rodeo Housing Project (Town Center) Management 2,679,523 2,673,172 - - - - - - A B C D E F G H I J K L M N O P Q R S T U Admin and Admin PPA (Amount Used to Offset ROPS 14- 15B Requested Authorized Actual Authorized Actual Authorized Actual Authorized Available RPTTF (ROPS 13-14B distributed + all other available as of 01/1/14) Net Lesser of Authorized / Available Actual Difference (If K is less than L, the difference is zero) Authorized Available RPTTF (ROPS 13-14B distributed + all other available as of 01/1/14) 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 10,353,623$ 7,694,671$ 1,851,171$ 957,804$ -$ 39,751$ 6,339,914$ 6,053,746$ 6,053,746$ 6,053,746$ -$ 133,174$ 41,566$ $ 41,566 132,462$ -$ -$ RPTTF Expenditures ROPS 13 14B CAC PPA: To be completed by the CAC upon submittal SA Comments Recognized Obligation Payment Schedule (ROPS 14-15B) - 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) (Report Amounts in Whole Dollars) 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) 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 State Controller. Item # Project Name / Debt Obligation Non-RPTTF Expenditures Non-Admin Non-Admin CAC AdminBond Proceeds Reserve Balance Other Funds RPTTF Expenditure 113 10:11 North Richmond Housing Project (Heritage Point) Management 437,632 432,362 - - - - - - 114 10:12 Montalvin Manor Housing Project Management 516,597 516,480 - - - - - - 115 10:13 infrastructure/Project Management 541,305 540,905 - - - - - - 116 10:14 Bay Point Restricted Unspent Bond Proceeds - - - - - - - 117 10:15 North Richmond Restricted Unspent Bond Proceeds - - - - - - - 118 10:16 Rodeo Restricted Unspent Bond Proceeds - - - - - - - 119 10:17 Return of Funds to LMIHAF (Housing Successor) - - - - - - - 120 10:18 Return of funds to LMIHAF (Housing Successor) - - - - - - - 121 10:19 Unfunded approved administrative costs allowance - - 39,751 95,331 95,331 95,331 95,331 - - $39,751 Other Funds used to pay against RPTTF Admin expenditures Item #Notes/Comments 4 1:9 Youth Homes Facility. All anticipated funding for this item was previously shown on a previously approved Recognized Obligation Payment Schedule (ROPS). No additional funding is requested in connection with this ROPS 14-15B. However, not all of the funds approved on previous approved ROPS were actually spent during the period ending June 30, 2014 due to delays in project approval, contracting or implementation. By this note, it is indicated that some of the funds designated for this item on a previously approved ROPS may actually be carried forward and spent during some or all the months of this ROPS 14-15B period. For total outstanding debt or obligation, amount shown is as per most recent information as of July 1, 2014. Use of LMIHF balances retained to cover future obligations in accordance with Finance's LMIHF DDR determination. 10 2:3 Placemaking Transit Village: All anticipated funding for this item was previously shown on a previously approved ROPS. No additional funding is requested in connection with this ROPS 14-15B. However, not all of the funds approved on previous approved ROPS were actually spent during the period ending June 30, 2014, due to delays in project approval, contracting or implementation. By this note, it is indicated that some of the funds designated for this item on a previously approved ROPS may actually be carried forward and spent during some or all the months of this ROPS 14-15B period. For total outstanding debt or obligation, amount shown is as per most recent information as of July 1, 2014. 14 2:8 CCC Infrastructure Improvements: $1,075,899 of unspent bond proceeds is being requested for this ROPS period. Although the CCC Public Works Department is listed as the payee, the Successor Agency may contract directly with subcontractors for specific areas of the scope. 17 2:12 Re-authorized Contract for North Richmond Infrastructure Improvements: 21 2:18 Rodeo Obsolete Infrastructure Elements: All anticipated funding for this item was previously shown on a previously approved ROPS. No additional funding is requested in connection with this ROPS 14-15B. However, not all of the funds approved on previous approved ROPS were actually spent during the period ending June 30, 2014 due to delays in project approval, contracting or implementation. By this note, it is indicated that some of the funds designated for this item on a previously approved ROPS may actually be carried forward and spent during some or all the months of this ROPS 14-15B period. For total outstanding debt or obligation, amount shown is as per most recent information as of July 1, 2014. 28 3:29 Property Holding Costs. this ROPS 14-15B period. For total outstanding debt or obligation, amount shown is as per most recent information as of July 1, 2014. Unspent bond proceeds also programs for a portion of these expences. Use of other Funds and Accounts (OFA) balances retained to cover future obligations in accordance with Finance's OFA DDR Determination. 46 5:24 Placemaking Transit Village (AvalonBay). All anticipated funding for this item was previously shown on a previously approved Recognized Obligation Payment Schedule (ROPS). No additional funding is requested in connection with this ROPS 14-15B. However, not all of the funds approved on previous approved ROPS were actually spent during the period ending June 30, 2014 due to delays in project approval, contracting or implementation. By this note, it is indicated that some of the funds designated for this item on a previously approved ROPS may actually be carried forward and spent during some or all the months of this ROPS 14-15B period. For total outstanding debt or obligation, amount shown is as per most recent information as of July 1, 2014. Carryover of a preceding ROPS period RPTTF for use in this ROPS period. 54 7:1 1999 Tax Allocation Bonds: Amount calculated in 50% principal plus interest and was based on most recent information as of August 1, 2014. 55 7:2 1999 Tax Allocation Bonds: Amount calculated is 50% principal plus interest and was based on most recent information as of August 1, 2014. 56 7:3 2003A Tax Allocation Bonds: Amount calculated is 50% principal plus interest and was based on most recent information as of August 1, 2014. 57 7:4 2007A/AT/B Tax Allocation Bonds: Amount calculated is 50% principal plus interest and was based on most recent information as of August 1, 2014. 58 7:5 2007A/AT/B Tax Allocation Bonds: Amount calculated is 50% principal plus interest and was based on most recent information as of August 1, 2014. 59 7:6 Montalvin Manor Project Start Up Loan 60 7:7 Bond-License agreement 61 7:8 Bond-Treasurer fees. 63 7:11 Hookston Station Remediation 65 7:13 Fiscal Agreement with East Bay Regional Park District in the amount of $500,000. The first request for reimbursement is in the ROPS 14-15B. 68 7:16 Trustee fees. 69 7:17 Trustee fees. 71 7:19 Trustee fees. 74 7:22 SERAF 76 7:24 Financial Assistance for Park Regency. For ROPS 14-15B, the requested funding is $275,000 in Reserve and $275,000 in RPTTF. The annual payment is made during the second half of the fiscal year. 77 7:25 Financial Assistance for BRIDGE Housing: $50,000 in RPTTF funds are requested. The full $100,000 annual payment is made during the first half of the fiscal year. 78 7:26 Financial Assistance for Avalon Bay. For ROPS 14-15B $631,690 in RPTTF funds and $696,122 in reserve funds are requested. The annual payment is paid in the second half of the fiscal year 82 8:19 Iron Horse Trail/Hookston Station Remediation (Goldfarb Lipman): All anticipated funding for this item was previously shown on a previously approved ROPS. No additional funding is requested in connection with this ROPS 14-15B. However, not all of the funds approved on previous approved ROPS were actually spent during the period ending June 30, 2014 due to delays in project approval, contracting or implementation. By this note, it is indicated that some of the funds designated for this item on a previously approved ROPS may actually be carried forward and spent during some or all the months of this ROPS 14-15B period. For total outstanding debt or obligation, amount shown is as per most recent information as of July 1, 2014. Carryover of a preceding ROPS period RPTTF for use in this ROPS period. Recognized Obligation Payment Schedule (ROPS 14-15B) - Notes January 1, 2015 through June 30, 2015 Item #Notes/Comments Recognized Obligation Payment Schedule (ROPS 14-15B) - Notes January 1, 2015 through June 30, 2015 83 8:20 Iron Horse Trail/Hookston Station Remediation (County Counsel): All anticipated funding for this item was previously shown on a previously approved ROPS. No additional funding is requested in connection with this ROPS 14-15B. However, not all of the funds approved on previous approved ROPS were actually spent during the period ending June 30, 2014, due to delays in project approval, contracting or implementation. By this note, it is indicated that some of the funds designated for this item on a previously approved ROPS may actually be carried forward and spent during some or all the months of this ROPS 14-15B period. For total outstanding debt or obligation, amount shown is as per most recent information as of July 1, 2014. Reserve Balance is carryover of a preceding ROPS period RPTTF for use in this ROPS period. 85 8:22 Technical Assistance: All anticipated funding for this item was previously shown on a previously approved Recognized Obligation Payment Schedule (ROPS). No additional funding is requested in connection with this ROPS 14-15B. However, not all of the funds approved on previous approved ROPS were actually spent during the period ending June 30, 2014, due to delays in project approval, contracting or implementation. By this note, it is indicated that some of the funds designated for this item on a previously approved ROPS may actually be carried forward and spent during some or all the months of this ROPS 14-15B period. For total outstanding debt or obligation, amount shown is as per most recent information as of July 1, 2014. 87 8:24 Iron Horse Trail properties. RPTTF funds are requested to continue to manage Successor Agency property assets. 88 8:25 Transit Village. All anticipated funding for this item was previously shown on a previously approved Recognized Obligation Payment Schedule (ROPS). No additional funding is requested in connection with this ROPS 14-15B. However, not all of the funds approved on previous approved ROPS were actually spent during the period ending June 30, 2014, due to delays in project approval, contracting or implementation. By this note, it is indicated that some of the funds designated for this item on a previously approved ROPS may actually be carried forward and spent during some or all the months of this ROPS 14-15B period. For total outstanding debt or obligation, amount shown is as per most recent information as of July 1, 2014. 89 8:26 Transit Village. Total outstanding debt or obligation the amount shown is as per information as of July 1, 2014 91 8:28 Hookston Station Remediation: Total outstanding debt or obligation the amount shown is as per information as of July 1, 2014 94 6:0 Adminstrative Allowance 104 10:02 Iron Horse Corridor Remediation and Property Management: Property carrying costs and direct maintenance costs of $22,000 for the property. Remediation costs are not included in the request for ROPS 14-15B. 105 10:03 IH Corridor Remediation and Property Management: Staff costs for management of property 108 10:06 Litigation Costs for Defaulted Loans: Litigation costs to collect on default Successor Agency outstanding notes receivable (from Valero and Keefe). Collected funds will be used to pay enforceable obligations or distributed to taxing entities. All anticipated funding for this item was previously shown on a previously approved Recognized Obligation Payment Schedule (ROPS). No additional funding is requested in connection with this ROPS 14-15B. However, not all of the funds approved on previous approved ROPS were actually spent during the period ending June 30, 2014 , due to delays in project approval, contracting or implementation. By this note, it is indicated that some of the funds designated for this item on a previously approved ROPS may actually be carried forward and spent during some or all the months of this ROPS 14-15B period. For total outstanding debt or obligation, amount shown is as per most recent information as of July 1, 2014. 109 10:07 Bond Arbitrage Rebate Reporting Compliance: Funds required for mandatory obligation to file Bond Arbitrage Rebate Report related to outstanding 1999 Tax Allocation Bond. All anticipated funding for this item was previously shown on a previously approved Recognized Obligation Payment Schedule (ROPS). No additional funding is requested in connection with this ROPS 14-15B. However, not all of the funds approved on previous approved ROPS were actually spent during the period ending June 30, 2014, due to delays in project approval, contracting or implementation. By this note, it is indicated that some of the funds designated for this item on a previously approved ROPS may actually be carried forward and spent during some or all the months of this ROPS 14-15B period. For total outstanding debt or obligation, amount shown is as per most recent information as of July 1, 2014. 110 10:08 Disclosure Statements Reporting Compliance: Funds required for mandatory obligation to file annual Disclosure Statements related to outstanding 1999 Tax Allocation Bond, 2003 Tax Allocation Bond and 2007 Tax Allocation Bond. All anticipated funding for this item was previously shown on a previously approved Recognized Obligation Payment Schedule (ROPS). No additional funding is requested in connection with this ROPS 14-15B. However, not all of the funds approved on previous approved ROPS were actually spent during the period ending June 30, 2014, due to delays in project approval, contracting or implementation. By this note, it is indicated that some of the funds designated for this item on a previously approved ROPS may actually be carried forward and spent during some or all the months of this ROPS 14-15B period. For total outstanding debt or obligation, amount shown is as per most recent information as of July 1, 2014. 123 Housing Entity Administrative Cost Allowance - AB 471 approved on February 18, 2014. Requires that on July 1, 2014 and twice yearly thereafter until July 1, 2018, funds be allocated to cover the "Housing Entity Administrative Cost Allowance" equal to 1% of property tax allocated to the Redevelopment Obligation Retirement Fund for the successor agency for the Fiscal year, but not less than $150,000 per fiscal year. The total FY 14-15 allocation is being requested during the ROPS 14-15B period because there was no request in the ROPS 14-15A period.