HomeMy WebLinkAboutMINUTES - 09222015 - C.74RECOMMENDATION(S):
1. ADOPT Resolution No. 2015/356 approving an administrative budget for the Successor Agency for the period
January 1, 2016 through June 30, 2016 (“Administrative Budget”) and the Recognized Obligation Payment Schedule
for the period of January 1, 2016 through June 30, 2016 (“ROPS 15-16B”), both of which are attached as Exhibit A
and Exhibit B, respectively.
2. FIND that the Administrative Budget and ROPS 15-16B are exempt from the California Environmental Quality
Act (“CEQA”) pursuant to Section 15061(b)(3) of the CEQA Guidelines; and
3. 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. 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.
APPROVE OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
Action of Board On: 09/22/2015 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
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 22, 2015
David Twa, County Administrator and Clerk of the Board of Supervisors
By: Stephanie L. Mello, Deputy
cc:
C. 74
To:Successor to the Contra Costa County Redevelopment Agency
From:John Kopchik, Director, Conservation & Development Department
Date:September 22, 2015
Contra
Costa
County
Subject:ROPS 15-16 B (January 1, 2016 - June 30, 2016)
FISCAL IMPACT: (CONT'D)
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.
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. The September 2015 estimate for the Fiscal Year 2015-16 administrative
budget is $314,033, three percent of the Successor Agency’s RPTTF distribution, therefore the balance of $64,033
for administrative costs is expected to be distributed January 2, 2016. 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 $35,000 in revenue for the administrative budget in ROPS
15-16B period. The administrative budget is attached as Exhibit A.
Recognized Obligation Payment Schedule 15-16B
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, 2016 to June 30, 2016 time
period is the ninth ROPS prepared by the Successor Agency and is named "ROPS 15-16B" 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 15-16A covered the first half of Fiscal Year 15-16 and ROPS 15-16B covers the
second half.
Resolution No. 2015/356 adopts ROPS 15-16B, which is included as Exhibit B to this report. After adoption by
the Successor Agency, ROPS 15-16B will be submitted to the Oversight Board for approval. The Oversight Board
is scheduled to meet on September 23, 2015. As required under Health and Safety Code Section 34179.6, ROPS
15-16B 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 15-16B no later than October 5, 2015.
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 15-16B authorizes all payments to be made by the Successor Agency for enforceable obligations for the
six-month time period between January 1, 2016 and June 30, 2016. The payments noted on the ROPS are
estimates. In most cases, assumptions made for 15-16B were based on actual expenditures in the prior ROPS and
expected expenditures 15-16B.
The title page of ROPS 15-16B shows enforceable obligations require a $5,185,562 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.
There is currently one outstanding loan from the County that needs repayment, the Montalvin Manor loan (#59).
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 entity 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
to taxing entities for FY 12-13, which is considered the “base year”. The County Auditor-Controller made a total
residual distribution of $359,395.52 for FY 13-14. The residual distribution for FY 14-15 was $2,527,914, an
increase of $2,168,159. The available funds for loan repayment is 50 percent of the increase of distribution which
is $1,084,080.50. There is adequate funding available to repay the loan in the ROPS 15-16B period and retire the
obligation.
ROPS 15-16B 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 and 15-16A, but indicated it would be eligible for
reimbursement after the improvements proposed for the EBRPD’s Lone Tree Point property are completed. The
DOF denied the item again in ROPS 15-16A. The enforceable obligation is listed on ROPS 15-16B with $14,500
of RPTTF funds requested.
Environmental Review
The actions set forth in Resolution No. 2015/356 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 2016, 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.
ATTACHMENTS
Resolution No. 2015/356
Attachment A- Admin Budget
ROPS 15-16B
C.74
EXHIBIT A- Administrative Budget 9/9/2015
line 15-16A 15-16B Total
Admin/Non Admin Staff Expenses
Space Rent $16,200 $16,200 $32,400
Salary/Overhead 56,826 56,807 $113,633
Various Admin Expenses $119,000 $119,000 $238,000
TOTAL ADMIN EXPENSES $192,026 $192,007 $384,033
Revenue
Administrative Cost Allowance 94 $250,000 $64,033 $314,033
EO (Non Admin + Project Mgmt)$35,000 $35,000 $70,000
TOTAL ADMIN REVENUES $285,000 $99,033 $384,033
SURPLUS/(DEFICIT)$92,974 -$92,974 $0
Project Management Enforceable
Obligations
Transit Village Project Management 89 $15,000 $15,000 $30,000
IH Remediation Project Management 105 $20,000 $20,000 $40,000
$35,000 $35,000 $70,000
Name of Successor Agency:Contra Costa County
Name of County:Contra Costa
Current Period Requested Funding for Outstanding Debt or Obligation
A 2,920,765$
B 1,432,813
C 1,487,952
D -
E 5,185,562$
F 5,121,529
G 64,033
H Total Current Period Enforceable Obligations (A+E):8,106,327$
Successor Agency Self-Reported Prior Period Adjustment to Current Period RPTTF Requested Funding
I Enforceable Obligations funded with RPTTF (E):5,185,562
J (49,387)
K 5,136,175$
County Auditor Controller Reported Prior Period Adjustment to Current Period RPTTF Requested Funding
L Enforceable Obligations funded with RPTTF (E):5,185,562
M -
N 5,185,562
Name Title
/s/
Signature Date
Recognized Obligation Payment Schedule (ROPS 15-16B) - Summary
Filed for the January 1, 2016 through June 30, 2016 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.
G:\CDBG-REDEV\Successor Agency\Budget\ROPS\ROPS Worksheets before final\ROPS 15-16B\Draft# 6 CCCounty_ROPS_15-16B DOF.xlsx
Tab: ROPS Detail 2
A B C D E F G H I J K L M N O P
Bond Proceeds Reserve Balance Other Funds Non-Admin Admin
211,390,464$ 1,432,813$ 1,487,952$ -$ 5,121,529$ 64,033$ 8,106,327$
4 (4) 1:9 Youth Homes Facility OPA/DDA/Constructi 6/25/2008 12/29/2028 Contra Costa County Relocation costs BP 42,300 N 42,300 $ 42,300
10 (10) 2:3 Placemaking Transit
Village
OPA/DDA/Constructi
on
12/19/2005 7/10/2026 AvalonBay Placemaking improvements (e.g,
parks, etc)
C 530,000 N 528,143 $ 528,143
14 (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 904,670 N 904,670 $ 904,670
21 (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 - Y $ -
28 (28) 3:29 Property holding costs Property
Maintenance
7/10/1984 6/30/2016 CCC Public Works Property maintenance ALL 5,357 N 5,357 $ 5,357
46 (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 (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 11,300,640 N 422,237 $ 422,237
55 (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 126,823 N 4,197 $ 4,197
56 (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 10,037,526 N 250,760 $ 250,760
57 (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 112,658,497 N 2,608,537 $ 2,608,537
58 (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 23,766,680 N 477,790 $ 477,790
59 (59) 7:6 Montalvin Manor Project
Start Up Loan
City/County Loans
On or Before
6/30/2003 7/8/2034 Contra Costa County Loan for project administration M 250,277 N 250,277 $ 250,277
60 (60) 7:7 Bond-License agreement Professional
Services
3/31/2006 3/31/2038 DAC Document repository for bond issues ALL 56,700 N 250 2,250 $ 2,500
61 (61) 7:8 Bond-Treasurer fees Fees 7/10/1984 8/1/2037 CCC Treasurer Cash management for bond issues ALL 12,600 N 588 $ 588
63 (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 (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 (68) 7:16 Trustee fees Fees 4/20/1999 8/1/2018 US Bank Annual administration fees 99TAB C/BP/NR/R 31,837 N - 2,420 $ 2,420
69 (69) 7:17 Trustee fees Fees 8/22/2003 8/1/2033 US Bank Annual administration fees 03ATAB C/BP/NR/R 68,028 N 3,025 $ 3,025
71 (69) 7:19 Trustee fees Fees 5/30/2007 8/1/2037 US Bank Annual administration fees 07TAB ALL 122,205 N 5,890 $ 5,890
74 (74) 7:22 SERAF SERAF/ERAF 5/10/2010 7/10/2031 Housing Fund SERAF fy 2010-11 payment BP/R - Y - $ -
76 (76) 7:24 Financial Assistance OPA/DDA/Constructi
on
5/23/1989 5/1/2017 Park Regency Agency assistance C 1,650,000 N 275,000 275,000 $ 550,000
77 (77) 7:25 Financial Assistance OPA/DDA/Constructi
on
11/1/1998 11/1/2053 Bridge Housing Agency assistance C 1,600,000 N 50,000 $ 50,000
78 (78) 7:26 Financial Assistance OPA/DDA/Constructi
on
12/19/2005 5/1/2064 AvalonBay Agency assistance. C 40,136,645 N 663,906 663,906 $ 1,327,812
82 (82) 8:19 I H Trail/Hookston Sttn
Remediatn
Litigation 8/15/2012 12/31/2017 Goldfarb Lipman Remediation of I H corridor parcels C 45,067 N 45,067 $ 45,067
83 (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 24,120 N 24,120 $ 24,120
85 (85) 8:22 Technical Assistance Professional
Services
7/10/1984 7/10/2031 Public Works Department Technical Assist for non-housing
projects
ALL Y $ -
88 (88) 8:25 Transit Village OPA/DDA/Constructi
on
8/15/2012 12/31/2017 Goldfarb & Lipman Transit Village implementation C 20,009 N 5,536 $ 5,536
89 (89) 8:26 Transit Village OPA/DDA/Constructi
on
8/15/2012 5/1/2019 Contra Costa County Payroll for employees Project
management costs.
C 40,000 N 15,000 $ 15,000
91 (91) 8:28 Hookston Station
Remediation
Litigation 1/23/2012 6/15/2017 Ensafe Administrator of haz-mat remediation
fund.
C 25,258 N 2,600 $ 2,600
94 (94) 6:0 Administrative Allowance Admin Costs 7/1/2013 5/1/2064 Contra Costa County Administrative Allowance ROPS 2014-
15A
All 5,250,000 N 64,033 $ 64,033
104 (104) 10:02 Iron Horse (IH) Corridor
Remediation and property
management
Remediation 7/1/2013 5/1/2064 Contra Costa County Direct costs for IH Corridor properties,
including maintenance, and
remediation.
147,601 N 22,000 $ 22,000
105 (105) 10:03 IH Corridor
Remediation and property
management
Remediation 7/1/2013 5/1/2064 Contra Costa County Management of IH Corridor properties,
coordinating maintenance,
remediation, and preparation of
20,000 N 20,000 $ 20,000
108 (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 4,800 N 4,800 $ 4,800
109 (109) 10:07 Bond Arbitrage Rebate
Reporting Compliance
Fees 7/1/2011 6/30/2017 BLX Group LLC Arbitrage Rebate Compliance Services ALL 69,256 N 2,900 $ 2,900
110 (110) 10:08 Disclosure Statements
Reporting Compliance
Fees 4/20/1999 3/1/2038 Jones Hall/Fraser &
Associates
Disclosure Statements Compliance
Services
ALL 138,300 N 5,000 $ 5,000
123 (123) Financial Advisor Professional
Services
3/3/2015 6/30/2016 Montague DeRose &
Associates
Independent Registered Municipal
Advisor
ALL 85,000 Y $ -
124 (124) LMIHAF Deposit for loan
Repayment (Line 59)
LMIHF Loans 6/30/2003 7/8/2034 CCC Housing Successor 20% deposit to the LMIHF related to
loan repayment
ALL 50,055 N 50,055 $ 50,055
Contra Costa County Recognized Obligation Payment Schedule (ROPS 15-16B) - ROPS Detail
January 1, 2016 through June 30, 2016
(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
Other RPTTF
Bonds Issued on
or before
12/31/10
Bonds Issued on
or after 01/01/11
Prior ROPS
period balances
and DDR RPTTF
balances
retained
Prior ROPS
RPTTF
distributed as
reserve for future
period(s)
Rent,
Grants,
Interest, Etc.
Non-Admin
and
Admin
ROPS 14-15B Actuals (01/01/15 - 06/30/15)
1 Beginning Available Cash Balance (Actual 01/01/15)
3,961,944 1,114,185 971,122 5 1,105,441
$1,105,441-Col. H-1: This is calculated as
unspent ROPS 13-14A ($784,148) + unspent
ROPS 14-15A ($321,293);
2 Revenue/Income (Actual 06/30/15)
RPTTF amounts should tie to the ROPS 14-15B distribution from the
County Auditor-Controller during January 2015
1,067,854 5 4,871,820
$1,067,854: Col.C- L2: Stranded Amt as DS
Prepayment as of 6/30/15 and will be paid by US
Bank to bond holders on 8/1/15 +Interest income.
3 Expenditures for ROPS 14-15B Enforceable Obligations (Actual
06/30/15)
RPTTF amounts, H3 plus H4 should equal total reported actual
expenditures in the Report of PPA, Columns L and Q 52,157 63,618 971,122 4,772,433
PPA Col L + Q = $4,779,322+ $43,111 less
Retention of $50,000) = $4,772,433 (RPTTF
Adm + Non Adm)
4 Retention of Available Cash Balance (Actual 06/30/15)
RPTTF amount retained should only include the amounts distributed as
reserve for future period(s)3,544,671 50,000
$50,000 = Retention ROPS 7:25 Included as
Actual Expenditure in attached PPA 14-15B as
per DOF Instruction.
5 ROPS 14-15B RPTTF Prior Period Adjustment
RPTTF amount should tie to the self-reported ROPS 14-15B PPA in the
Report of PPA, Column S No entry required
49,387 $49,387 Unspent balance, PPA Col. S
6 Ending Actual Available Cash Balance
C to G = (1 + 2 - 3 - 4), H = (1 + 2 - 3 - 4 - 5) 1,432,970$ -$ 1,050,567$ -$ 10$ 1,105,441$
TOTAL COL E6 + F6 + G6 + H6 = $2,156,018
End balance per Finance GenLed
ROPS 15-16A Estimate (07/01/15 - 12/31/15)
7 Beginning Available Cash Balance (Actual 07/01/15)
(C, D, E, G = 4 + 6, F = H4 + F4 + F6, and H = 5 + 6)4,977,641$ -$ 1,050,567$ 50,000$ 10$ 1,154,828$ TOTAL COL E7 + F7 + G7 + H6 = $2,255,405
8 Revenue/Income (Estimate 12/31/15)
RPTTF amounts should tie to the ROPS 15-16A distribution from the
County Auditor-Controller during June 2015
5,274,937
$5,274,937: COL H8 = APPROVED RPTTF FOR
ROPS 15-16A = $5,596.230 less $321,293
Unspent for ROPS 14-15A.
9 Expenditures for ROPS 15-16A Enforceable Obligations (Estimate
12/31/15)
1,432,813 569,318 50,000 5,596,230
BOND-COL C9: ROPS# 2:8 (904,670) + 2:3
(528,143) = $1,432,903. COL H9=$5,596,230
APPROVED RPTTF FOR ROPS 15-16A.
10 Retention of Available Cash Balance (Estimate 12/31/15)
RPTTF amount retained should only include the amounts distributed as
reserve for future period(s)
11 Ending Estimated Available Cash Balance (7 + 8 - 9 -10)
3,544,828$ -$ 481,249$ -$ 10$ 833,535$
$833,535 = End Estimated Available Cash
Balance = $784,148+49,387
Contra Costa County Recognized Obligation Payment Schedule (ROPS 15-16B) - Report of Cash Balances
(Report Amounts in Whole Dollars)
Pursuant to Health and Safety Code section 34177 (l), Redevelopment Property Tax Trust Fund (RPTTF) may be listed as a source of payment on the ROPS, but only to the extent no other funding source is available or when payment
from property tax revenues is required by an enforceable obligation. For tips on how to complete the Report of Cash Balances Form, see [ INSERT URL LINK TO CASH BALANCE TIPS SHEET ]
Fund Sources
Comments
Bond Proceeds Reserve Balance
Cash Balance Information by ROPS Period
A B C D E F G H I J K L M N
Authorized Actual Authorized Actual Authorized Actual Authorized
Available
RPTTF
(ROPS 14-15B
distributed + all
other available as
of 01/1/15)
Net Lesser of
Authorized /
Available Actual
Difference
(If K is less
than L, the
difference is
zero) Authorized
2,377,042$ 52,157$ 1,577,662$ 1,034,739$ -$ -$ 4,828,709$ 4,828,709$ 4,828,709$ 4,779,322$ 49,387$ 43,111$
2 1:5 Homebuyer
- - - - $ - $ -
4 1:9 Youth Homes
- 55,037 12,766 - - $ - $ -
7 1:14 Contracts -
Relocation/Maintena
nce
- - - - $ - $ -
10 2:3 Placemaking
Transit Village
565,733 37,590 - - - $ - $ -
14 2:8 Re-authorized
Contract for Capital
Imprv
1,075,899 8,946 - - - $ - $ -
17 2:12 Re-authorized
Contract for
Improvements
5,510 - - - - $ - $ -
21 2:18 Re-authorized
Contract for
Improvements
729,575 5,296 - - - $ - $ -
23 2:23 Bond Project
Management
- - - - $ - $ -
24 2:24 Bond Project
Management
- - - - $ - $ -
28 3:29 Property
holding costs
325 325 5,357 - - - $ - $ -
46 5:24 Placemaking
Transit Village
- 384,213 - - - $ - $ -
RPTTF E
Contra Costa County Recognized Obligat
Reported for the ROPS 14-15B (January 1, 2015 thro
ROPS 14-15B 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
period. The amount of Redevelopment Property Tax Trust Fund (RPTTF) approved for the ROPS 15-16B (January through June 2016) period will be offset by the SA’s self-reported ROPS 14-15B prio
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-AdminBond Proceeds Reserve Balance Other Funds
A B C D E F G H I J K L M N
RPTTF E
Contra Costa County Recognized Obligat
Reported for the ROPS 14-15B (January 1, 2015 thro
ROPS 14-15B 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
period. The amount of Redevelopment Property Tax Trust Fund (RPTTF) approved for the ROPS 15-16B (January through June 2016) period will be offset by the SA’s self-reported ROPS 14-15B prio
self-reported by SAs are subject to audit by the county auditor-controller (CAC) and the State Controller.
Non-RPTTF Expenditures
54 7:1 1999 Tax
Allocation Bonds
- - - 449,538 449,538 $ 449,538 449,538 $ -
55 7:2 1999 Tax
Allocation Bonds
- - - 14,837 14,837 $ 14,837 14,837 $ -
56 7:3 2003A Tax
Allocation Bonds
- - - 250,009 250,009 $ 250,009 249,886 $ 123
57 7:4 2007A/AT/B Tax
Allocation Bonds
- - - 2,617,402 2,617,402 $ 2,617,402 2,571,506 $ 45,896
58 7:5 2007A/AT/B Tax
Allocation Bonds
- - - 476,233 476,233 $ 476,233 473,115 $ 3,118
59 7:6 Montalvin Manor
Project Start Up
Loan
- - - - $ - $ -
60 7:7 Bond-License
agreement
- 500 500 - 2,000 2,000 $ 2,000 1,750 $ 250
61 7:8 Bond-Treasurer
fees
- 594 6 - - $ - $ -
63 7:11 Hookston
Station Remediation
- 10,000 - - - $ - $ -
65 7:13 Fiscal
Agreement
- - - - $ - $ -
68 7:16 Trustee fees - 45 - - - $ - $ -
69 7:17 Trustee fees - 2,795 - - - $ - $ -
71 7:19 Trustee fees - 5,890 - - - $ - $ -
74 7:22 SERAF - - - - $ - $ -
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
- 696,122 696,122 - 631,690 631,690 $ 631,690 631,690 $ -
82 8:19 I H
Trail/Hookston Sttn
Remediatn
- 46,972 1,200 - - $ - $ -
83 8:20 I H
Trail/Hookston Sttn
Remediatn
- 24,829 4 - - $ - $ -
A B C D E F G H I J K L M N
RPTTF E
Contra Costa County Recognized Obligat
Reported for the ROPS 14-15B (January 1, 2015 thro
ROPS 14-15B 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
period. The amount of Redevelopment Property Tax Trust Fund (RPTTF) approved for the ROPS 15-16B (January through June 2016) period will be offset by the SA’s self-reported ROPS 14-15B prio
self-reported by SAs are subject to audit by the county auditor-controller (CAC) and the State Controller.
Non-RPTTF Expenditures
85 8:22 Technical
Assistance
- 30,000 30,000 - - $ - $ -
87 8:24 Iron Horse Trail
properties
- - - 5,000 5,000 $ 5,000 5,000 $ -
88 8:25 Transit Village - 20,000 14,465 - - $ - $ -
89 8:26 Transit Village - - - 15,000 15,000 $ 15,000 15,000 $ -
91 8:28 Hookston
Station Remediation
- 8,400 756 - - $ - $ -
92 8:29 Tri City
Remediation
- - - - $ - $ -
94 6:0 Administrative
Allowance
- - - - $ - $ -
104 10:02 Iron Horse
(IH) Corridor
Remediation and
property
management
- - - 22,000 22,000 $ 22,000 22,000 $ -
105 10:03 IH Corridor
Remediation and
property
management
- - - 20,000 20,000 $ 20,000 20,000 $ -
108 10:06 Litigation
Costs for Defaulted
Loans
- 5,000 220 - - $ - $ -
109 10:07 Bond
Arbitrage Rebate
Reporting
Compliance
- 2,900 - - - $ - $ -
110 10:08 Disclosure
Statements
Reporting
Compliance
- 4,008 3,700 - - $ - $ -
122 10:20 Unfunded
(approved)
Enforceable
Obligations from
ROPS 13-14B
- - - - $ - $ -
O P Q R S T
Net SA Non-Admin
and Admin PPA
(Amount Used to
Offset ROPS 15-16B
Requested RPTTF)
Available
RPTTF
(ROPS 14-15B
distributed + all other
available as of 01/1/15)
Net Lesser of
Authorized /
Available Actual
Difference
(If total actual
exceeds total
authorized, the
total difference is
zero)
Net Difference
(M+R)
43,111$ $ 43,111 43,111$ -$ 49,387$
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
Expenditures
SA Comments
tion Payment Schedule (ROPS 15-16B) - Report of Prior Period Adjustments
ough June 30, 2015) Period Pursuant to Health and Safety Code (HSC) section 34186 (a)
(Report Amounts in Whole Dollars)
funding and their actual expenditures for the ROPS 14-15B (January through June 2015)
r period adjustment. HSC Section 34186 (a) also specifies that the prior period adjustments
Admin
O P Q R S T
Expenditures
tion Payment Schedule (ROPS 15-16B) - Report of Prior Period Adjustments
ough June 30, 2015) Period Pursuant to Health and Safety Code (HSC) section 34186 (a)
(Report Amounts in Whole Dollars)
funding and their actual expenditures for the ROPS 14-15B (January through June 2015)
r period adjustment. HSC Section 34186 (a) also specifies that the prior period adjustments
$ -
$ -
$ 123
$ 45,896
$ 3,118
$ -
$ 250
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ - $50,000= encumbered RPTTF
amt.
$ -
$ -
$ -
O P Q R S T
Expenditures
tion Payment Schedule (ROPS 15-16B) - Report of Prior Period Adjustments
ough June 30, 2015) Period Pursuant to Health and Safety Code (HSC) section 34186 (a)
(Report Amounts in Whole Dollars)
funding and their actual expenditures for the ROPS 14-15B (January through June 2015)
r period adjustment. HSC Section 34186 (a) also specifies that the prior period adjustments
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
10
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 15-16B. However, not all
of the funds approved on previous approved ROPS were actually spent during the period ending June 30, 2015 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 15-16B period.
For total outstanding debt or obligation, amount shown is as per most recent information as of July , 2015. 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 15-16B. However, not all of the funds approved on previous
approved ROPS were actually spent during the period ending June 30, 2015, 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 15-16B period. For total outstanding debt or
obligation, amount shown is as per most recent information as of July 1, 2015.
14 2:8 CCC Infrastructure Improvements: All anticipated funding for this item was previously shown on a previously approved ROPS.
No additional funding is requested in connection with this ROPS 15-16B. However, not all of the funds approved on previous
approved ROPS were actually spent during the period ending June 30, 2015, 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 15-16B period. For total outstanding debt or
obligation, amount shown is as per most recent information as of July 1, 2015.
21 2:18 Rodeo Obsolete Infrastructure Elements: RETIRED .
28 3:29 Property Holding Costs. 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 15-16B. However, not all
of the funds approved on previous approved ROPS were actually spent during the period ending June 30, 2015, 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 15-16B period.
For total outstanding debt or obligation, amount shown is as per most recent information as of July 1, 2015. 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 15-
16B. However, not all of the funds approved on previous approved ROPS were actually spent during the period ending June 30,
2015, 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 15-16B period. For total outstanding debt or obligation, amount shown is as per most recent information as of
January 1, 2015. Carryover of a preceding ROPS period RPTTF for use in this ROPS period.
54 7:1 1999 Tax Allocation Bonds: For total outstanding debt or obligation, amount shown is as per Debt Service Schedule for
ROPS15-16B. Calculation was 50% Principal plus Interest due to bondholders August 1, 2016.
55 7:2 1999 Tax Allocation Bonds: For total outstanding debt or obligation, amount shown is as per Debt Service Schedule for
ROPS15-16B. Calculation is 50% Principal plus Interest due to bondholders on August 1, 2016.
56 7:3 2003A Tax Allocation Bonds: For total outstanding debt or obligation, amount shown is as per Debt Service Schedule for
ROPS15-16B. Calculation is 50% Principal plus Interest due to bondholders on August 1, 2016.
57 7:4 2007A/AT/B Tax Allocation Bonds: For total outstanding debt or obligation, amount shown is as per Debt Service Schedule for
ROPS15-16B. Calculation is 50% Principal plus Interest due to bondholders on August 1, 2016.
Contra Costa County Recognized Obligation Payment Schedule (ROPS 15-16B) - Notes
January 1, 2016 through June 30, 2016
11
Item #Notes/Comments
Contra Costa County Recognized Obligation Payment Schedule (ROPS 15-16B) - Notes
January 1, 2016 through June 30, 2016
58 7:5 2007A/AT/B Tax Allocation Bonds: For total outstanding debt or obligation, amount shown is as per Debt Service Schedule for
ROPS15-16B. Calculation is 50% Principal plus Interest due to bondholders on August 1, 2016.
59 7:6 Montalvin Manor Project Start Up Loan.
60 7:7 Bond-License agreement: 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 15-16B. However, not all
of the funds approved on previous approved ROPS were actually spent during the period ending June 30, 2015, 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 15-16B period.
For total outstanding debt or obligation, amount shown is as per most recent information as of July 1, 2015.
12
Item #Notes/Comments
Contra Costa County Recognized Obligation Payment Schedule (ROPS 15-16B) - Notes
January 1, 2016 through June 30, 2016
61 7:8 Bond-Treasurer fees. 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 15-16B. However, not all
of the funds approved on previous approved ROPS were actually spent during the period ending June 30, 2015, 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 15-16B period.
For total outstanding debt or obligation, amount shown is as per most recent information as of July 1, 2015. Carryover of a
preceding ROPS period RPTTF for use in this ROPS period.
63 7:11 Hookston Station Remediation
65 7:13 Fiscal Agreement
68 7:16 Trustee fees:
69 7:17 Trustee fees:
71 7:19 Trustee fees:
74 7:22 SERAF: All anticipated funding for this item was previously shown on a previously approved ROPS. No additional funding is
requested in connection with this ROPS 15-16B. However, not all of the funds approved on previous approved ROPS were
actually spent during the period ending June 30, 2015, 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 15-16B period. For total outstanding debt or obligation, amount
shown is as per most recent information as of July 1, 2015.
76 7:24 Financial Assistance. Reserve Balance is carryover of a preceding ROPS period RPTTF for use in this ROPS period. Additional
funding under RPTTF requested to pay for additional relocation/remediation costs.
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 15-16B $663,906 in RPTTF funds and $663,906 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: All anticipated funding for this item was previously shown on a previously
approved ROPS. No additional funding is requested in connection with this ROPS 15-16B. However, not all of the funds
approved on previous approved ROPS were actually spent during the period ending June 30, 2015, 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 15-16B period.
For total outstanding debt or obligation, amount shown is as per most recent information as of July 1, 2015. Carryover of a
preceding ROPS period RPTTF for use in this ROPS period.
83 8:20 Iron Horse Trail/Hookston Station Remediation: All anticipated funding for this item was previously shown on a previously
approved ROPS. Additional funding is requested in connection with this ROPS 15-16B. However, not all of the funds approved
on previous approved ROPS were actually spent during the period ending June 30, 2015, 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 15-16B period. For total
outstanding debt or obligation, amount shown is as per most recent information as of July 1, 2015. Reserve Balance is carryover
of a preceding ROPS period RPTTF for use in this ROPS period.
85 8:22 Technical Assistance: Retired.
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 15-16B. However, not all of the
funds approved on previous approved ROPS were actually spent during the period ending June 30, 2015, 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 15-16B period.
For total outstanding debt or obligation, amount shown is as per most recent information as of July 1, 2015.
89 8:26 Transit Village. Total outstanding debt or obligation the amount shown is as per information as of July 1, 2015.
13
Item #Notes/Comments
Contra Costa County Recognized Obligation Payment Schedule (ROPS 15-16B) - Notes
January 1, 2016 through June 30, 2016
91 8:28 Hookston Station Remediation: Additional funding is requested under RPTTF.
94 6:0 Adminstrative Allowance
104
10:02 Iron Horse Corridor Remediation and Property Management: Funding requested under RPPTF amounting to $22,000.
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 15-16B. However, not all of the funds approved on
previous approved ROPS were actually spent during the period ending June 30, 2015, 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 15-16B period. For total
outstanding debt or obligation, amount shown is as per most recent information as of July 1, 2015.
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 15-16B. However, not all of the funds approved on previous approved ROPS were actually spent during the period ending
June 30, 2015, 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 15-16B period. For total outstanding debt or obligation, amount shown is as per most recent information as
of July 1, 2015.
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 15-16B. However, not all of the funds approved on
previous approved ROPS were actually spent during the period ending June 30, 2015 , 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 15-16B period. For total
outstanding debt or obligation, amount shown is as per most recent information as of July 1, 2015.
123 Financial Advisor: Professional Services of Independent registered Municipal Advisor: Retired. Will be paid out of RPTTF ADM.
124 LMIHAF Deposit for 20% of Montalvin Loan Repayment (Line 59) ; Amount is equal to 20% of Line Item # 59