2013-03 1
- RESOLUTION NO. 2013- 03 os
A RESOLUTION OF THE OVERSIGHT BOARD-FOR THE SUCCESSOR
AGENCY TO THE COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF 'GRAND TERRACE APPROVING A RECOGNIZED
OBLIGATION PAYMENT SCHEDULE FOR THE PERIOD JULY 1, 2013
THROUGH DECEMBER 31, 2013 (ROPS 13-14A)
WHEREAS, AB x1 -26 required the dissolution of all redevelopment agencies in
the State; and
WHEREAS, on January 10, 2012, the City of Grand Terrace adopted Resolution
No. 2012-01 electing to serve as the Successor Agency to the Grand Terrace
Community Redevelopment Agency pursuant to Health & Safety Code (HSC) Section
34176; and
.WHEREAS, a Recognized Obligation Payment Schedule (ROPS) is defined in
HSC Section 34171(h) as the minimum payment amounts and the due dates of
payments required by enforceable obligations for a six-month period; and
WHEREAS, the ROPS identifies the payment source of enforceable obligations
as payable from the Redevelopment Property Tax Trust Fund (RPTTF) and payable
from Other Sources of the Successor Agency; and
WHEREAS, the California Department of Finance has required a submittal of the
ROPS covering the _period July 1, 2013 to December 31, 2013 (ROPS 13-14A), in
accordance with AB 1484.to be submitted by March 1, 2013; and
WHEREAS, on February 12, 2013, the ROPS .for the period July 1, 2013 to
December 31, 2013 (ROPS 13-14A) was reviewed and approved by the City as
Successor Agency;and
WHEREAS, the Oversight Board for the Successor Agency to the Community
Redevelopment Agency of the City of Grand Terrace ("Oversight Board") has met and
duly considered a Recognized-Obligation Payment Schedule for the period July 1, 2013
through December 31, 2013 (ROPS 13-14A).
NOW THEREFORE, THE OVERSIGHT- BOARD DOES RESOLVE,
DETERMINE, FIND AND ORDER AS FOLLOWS:
SECTION 1. The Oversight Board finds that the foregoing recitals are true and
correct and, accordingly, are incorporated as a material part of this Resolution.
y
SECTION 2. The Oversight Board finds that all obligations listed on the ROPS
for the period July 1, 2013 to December 31, 2013 (ROPS 13-14A), incorporated herein
as Attachment A, are true and correct and, accordingly, are hereby considered
enforceable obligations.
. SECTION 3. The Oversight Board approves and adopts the Recognized
Obligation Payment Schedule for the period July 1, 2013 to December 31, 2013 (ROPS
13-14A).
SECTION 4. The Oversight Board authorizes and directs the Executive Director
of the Successor Agency to the Community Redevelopment Agency of the City of
Grand Terrace to submit ROPS 13-14A to the California Department of Finance, State
Controller's Office, San Bernardino County Auditor-Controller, and any other agency by
the March 1, 2013 submittal deadline. The Executive Director of the Successor Agency
is also further authorized to take all actions necessary and required to comply with the
Health & Safety Code, or any other relevant law, as it applies to this Resolution.
SECTION 5. The Oversight Board Secretary shall certify to the adoption of this
Resolution.
PASSED APPROVED AND ADOPTED this 20th day of February, 2013 by the following
vote:
AYES: Bblard Members Shielfl&, Mirl.hnda, Mbrga and Ferracone; Vice-Chairmbhn
dhd Ch/a rman Stanckiewitz
NOES: None
ABSENT: None
ABSTAIN: None
Walt Stanckiewitz,
Oversight Board Chair
ATTEST:
a
Tracey R. N rtinez, v
Oversight Board Secretary
Attachment A
Recognized Obligation Payment Schedule (ROPS)
For the Period July 1, 2013 to December 31, 2013
(ROPS 13-14A)
OOOOOOSUCCESSOR AGENCY CONTACT INFORMATION
Successor Agency
ID: 260
County: San Bernardino
Successor Agency: Grand Terrace
Primary Contact
Honorific(Ms, Mr, Mrs)
First Name Cynthia
Last Name Fortune
Title Finance Manager
Address 22795 Barton Road
City Grand Terrace
State CA
Zip 92313
Phone Number 909-430-2216
Email Address cfortune@cityofgrandterrace.org
Secondary Contact
Honorific(Ms, Mr, Mrs)
First Name Betsy
Last Name Adams
Title City Manager
Phone Number 909-430-2240
Email Address badams@cityofgrandterrace.org
j
SUMMARY OF RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Filed for the July 1,2013 to December 31,2013 Period
Name of Successor Agency: GRAND TERRACE(SAN BERNARDINO)
Outstanding Debt or Obligation Total
Total Outstanding Debt or Obligation $73,862,474
Current Period Outstanding Debt or Obligation Six-Month Total
A Available Revenues Other Than Anticipated RPTTF Funding $1,087,491
B Enforceable Obligations Funded with RPTTF $2,130,919
C Administrative Allowance Funded with RPTTF $125,000
D Total RPTTF Funded(B+C=D) $2,255,919
E Total Current Period Outstanding Debt or Obligation(A+B+C=E)Should be same amount as ROPS form six-month total $3,343,410
F Enter Total Six-Month Anticipated RPTTF Funding $1,788,934
G Variance(F-D= G)Maximum RPTTFAIIowable should not exceed Total Anticipated RPTTF Funding ($466,985)
Prior Period(July 1,2012 through December 31,2012) Estimated vs.Actual Payments (as required in HSC section 34186(a))
H Enter Estimated Obligations Funded by RPTTF(lesser of Finance's approved RPTTF amount including admin allowance or the actual amount distributed) I $1,437,405
1 Enter Actual Obligations Paid with RPTTF I $1,164,643
J Enter Actual Administrative Expenses Paid with RPTTF I $125,760
K Adjustment to Redevelopment Obligation Retirement Fund(H-(I+J)=K) $147,002
L Adjustment to RPTTF (D-K=L) $2,108,917
Certification of Oversight Board Chairman:
Pursuant to Section 34177(m)of the Health and Safety code, Name Title
I hereby certify that the above is a true and accurate Recognized
Obligation Payment Schedule for the above named agency. /s/
Signature Date
y
Oversight Board Approval Date:
GRAND TERRACE(SAN BERNARDINO)
RECOGNIZED OBLIGATION PAYMENT SCHEDULE(RODS 33-14AI
July 1,2013 through December 31,2013
Funding Source
Total Due During
Contract/Agreement Contract/Agreement TOWiD utstanding Fiscal Year
(temp Project Name Debt Obligation Execution Data Termination Date Payee Desalptlon/Project Scope Prolect Area D ebt or 0 bligatlo n 2013-14 Bond Proceeds I Reserve Balance I Admin Allows nce I RPTTF Other Six-Month Total
1_ $73,862,4741 $7,266,145 I- $48.0,OOO1 $607_,4911 $125,OODI _$2_,130,919_I__ _ $01 _ _$_3,343,410
112011 A Tax Allocation Bond 12011 Bond Indenture 19/1/2033 JUS Bank IBond Print pie and Interest on RDA Bonds !Grand Terrace 1 27,4fi5,4081 1,112,3951 01 -0 01 698,2981 01 698,298,
2 I2011 BTax Allocation Bond 12011 Bond Indenture 19/1/2026 1U5 Bank IBond Pdn[tote and Interest on RDA Bonds IGrand Terrace I 8,769,4701 630,128] OI 01 01 436,7351 01 436,735
3 1Tm:tee Fees 12011 Bond Indenture 19/1/2033 1U5 Bank (Trustee Fees IGrand Terrace -� 266,530 I 12,115 1 0 1 0 1 0 1 B4OOD I 01 8,000
�41121onjloan II II (III 1 17GSy20o5�9/SV2620�1>J�rlfl 4;N4tloi5`mi IlBSnl. 1Q I�f1Ra aO1 FRi tORk'De81' 1�+SaFd1T0FiacZf)�' _ (]I�0]1-Dill o]I�0,1]�0]1�011 01
S lRepayment of Debt Service Il/28/2012 II/28/2021 15BV II yMunl Water IR p ym nt Incorrectd debt service distrib by-SBCATC IGrand Terrace 1 1,829,5-8 236,4001 01 OI DI OI OI 0'
61ProfessionalServices 10n-going it going (City News Group IAdvertising/Noticing IGrand Terrace 1 22:1001 2,5001 D] 0I 01 01 01 01
7:Consulting Services 17/13/201 11/31/2013 (Chamber of Commerce (Business Development Services IGrand Terrace 1 1,0001 1,0D01 _ DI 01 01 01 01 01
B lProfessional Services JOn-going 10n-going IProfesslonal Appralsers IPmperty Appraisal Services IGrand Terrace 1 200,0001 20,00D1 01 0] Ol 10,0001 01 10,000'
91Professional Services 4/12/2011 10n-going (ACE Weed Abatement (Weed abatement far Agency owned property IGrand Terrace 1 100,0001 20,D001 0] D] 01 10,0001 01 10,000'
101 Professional Services 10n-going IOn-going (Urban Futures "IS.E.C.Rule 15c2-12 Compliance Requirement-Bonds IGrand Terrace 1 70,0001 7,0001 01 01 01 3,5001 01 3,500)
111 profess ional Services IOn-going IOn-going l0mnVOrdck IIRC sec.148(0 Compliance-Arbitrage Rebate Calculation IGrand Terrace 1 60,0001 6,0001 01 01 Ol 3,ODO] Ol 3,0001
12�Agency Owned Property IVarious lOn-going (Various contractors (Property Maintenance and lnwrance-Agency Property IGrand Terrace 1 60,0001 20,0001 01 01 Ol 20,0001 Ol 20,0001
1312011A TABS Debt Service Reserve 12011 Bond Indenture 19/1/2033 IUS Bank IDSR-Bond Covenant Requ hement IGrand Terrace 1 1,113,1951 2,123,1951 01 01 01 01 01 01
1412011 B TABS Debt Service Reserve 12011 Bontl Indenture 19/1/2026 Ito Bank IDSR-8 ad Covenant Requirement IGrand Terrace 1 641,7851 641,7851 0] 01 01 01 01 OI
IS professional Services-RDA wind down I9/1/2012 11/31/2013 (Rogers Anderson Malady IDue Diligence Reporting/Review H&534179.5 (Grand Terrace 1 01 01 0F 01 01 01 01 0
161SA Legal consulting(Note 161 110/1/2031 - 10n-going I)ones&Mayer I Legal Counsel under H&534177.3(bl IGrand Terrace I 60D,0001 60,0001 01 01 Ol 30,G001 Ol 30,0001
JllllllllllllllllllJ37J 1 2oi LAXTAas!6F djProxct�l 3/rVzoi2 13XVQ2els�IW9667 A MIEN 6e9,5treet�[oyeLii nts'1ldesl an(U90W aC[q�l6ro-ndifF a II 0]I ''I�D11�O1I�011�D1�0]I 01
�10112G13A T ABslsondLroeTrta'I. L Iko0[[+clots%s13�ISI.Vt1iWELT role.sea of sE1u'ptulelsc dviand;a-se-Igt�IMwri - g. '.111�011�011�011�o11�D11 0'
�19)12011AA TA6S!Bo'M1Pro�'I --" - - - -- - -_-- - -- -
]�ortttactorzLst3�ls'�i LhFi_e'sFla_roleeb'Sea"Zi In.Jfast�tut.cu:tic{o'n'IGraTidtTe�a"�' 11P Ii11�o1ho11�D]I�oH�DII Ol
IllllllllJllllllJ2011201igLAaS!Bond Pro Ixats I. I. .I on lac67s/s s(arf�la"tr_of 1+55`dnnf�Croe m ret it in ptia n IW ta r FW6FEE0 Oil oHl�olli_o11�o11�Dll�oil 0 i
=211J 2o11A1TABSIaw v-je 14 uactars/siaL�INYa1J188DStrR m,ovamen ,Dona c uto. IcadLterra 7_ _ _oil' _ 171�011�o]I�01�o11�D11 01
22JI20 A>)TAaS]ea!dlvrUFe ' Itontlaclo (sta lU7o1R 6e7sen go�a b_idge,gonal on_Ik aDdh e e �iI_ Dll�oll�071>�011�011�011 0.
I�231120i;1N]TABB Bo ntllprotec•= IGontra[toys/staf�lstoarj�dia71�',&$Erect(oh'�blVre ten Rlco,andiNla�In Si?�I1;.raTidlmrrace I Illi - -.nlloil�oll�01�071�011 of
l7,4112011AIJTABs!BondlProRr« IIGonlra4lola/st'ar1�It�AZY.e 'lopesta6il(('at3on' IGrend1To_(na_ao Dill_ __ o]I�Dll oll�0l1�031�011 01
�zsllzoipnags.Bo�dlerox`:ea�l '- Iconir+4etan/sto7�Ivrt,GTd'o�rarkrk,eon.IrucHoIG(andG md"cef_ o11�D11-oll�D]I�oll 0t
2612011A TABS Payment Reserve 10eht5ervice LAB 1484 IUS Bank (Reserve as per H&534171(dl(1)(A)-bond debt service IGrand Terrace 1 414,0961 414,098] 0] 414,0981 01 01 01 414,098�
2712031E TABS Payment Reserve (Debt Servlce JAB 1484 IUS Bank (Reserve as per H&S 34171(d)(1)(A)-bond debt service [Grand Terrace 1 193,3931 193,3931 Ol 193,3931 01 01 01 193,3931
�28]1SERQFfloanlLM}V4F RESERVE-14/26/Mll1 14/2612016-ILMIHF•' IEepa�e tolloenJo95ERAFZRCae S I�rand{TrRace�I O11 uil�oll-oll�0ll�oll�oll 0,
2915tater Brothers OPA(Note 71 12/22/2011 12/22/2016 ]Stater Brothers Markets [Payment on participation agreement [Grand Terrace 1 2,044,3751 241,SODI Ol 01 01 220,7501 01 120,7501
_$0]1Re5jilu I.Receipts.(Not�2j-17%Z4/2009�12/T4/,2693�11L6(and'iT Lace I/SY(oFd'eli9e,hGus1 gh peymeTiDagre�0lx RP-F,420Y'2t13�I�alTe[reFe�1�011�0111�011�O1I�0110]1�011 01
311Employee Costs lOn-going lOn-going IPersonnel Costs lAgencv direct employee costs IGrand Terrace 1 4,945,0001 193,390] 01 OI 96,6901 '01 01 96,fi90'
32 JEMPlOYee Costs-PEPS 10n-going lOn-going IPersonnel Costs JAgencv direct employee costs-PERS [Grand Terrace 1 1,000,0001 56,6201 01 01 29,3201 01 01 28,310,
3310fOce Rent/Cost Allocation 10n-going lOn-going IParticlpatlon Agreement IG&A Indirect overhead cost allocation-17°5 IGrand Terrace 1 7,389,9001 01 Ol 01 Ol 01 OI 01
34(Cost Allorati-Adm O/H Liab Ins 0n-going 10n-going IParticlpatlon Agreement IG&A Admin indirect O/H Insurance [Grand Terrace 1 43D,1001 01 01 01 01 01 01 0
35 IConsulting Services 0n-going Ion-going IRSG 1 Reportingand Administrative Services IGrand Terrace 1 135,0001 13,5001 01 01 01 6,7501 01 6,7501
361Consulting Services 10n-going 10n-going JHDL [Property Tax Reporting Services [Grand Terrace I 22,50D1 2,SOD1 - Ol 01 Ol 1,2501 01 1,2501
3710"ce Casts/Supplies/Mist. 10n-going 10n-going IVarious IAdministrative supplies and costs IGrand Terrace 1 60,0001 6,0001 01 01 01 01 01 Oi
38 JAnnudl Audit and Reporting 10n-going 10n-going [Rogers Anderson Malady (Required annual auditlng services- [Grand Terrace ] 40,0001 4,000] 01 01 0] 4,000 1 0 1 4,000 i
17-A 12D11A TABS Bond Projects 13/13/2012' 13/13/2015 (Webb&Assoc(Note 17-A) IMlchigan Street improvements:design and ROW acq. IGrand Terrace I 480,00DI 480,OOD1 490,0001 01 Ol 01 01 480,0001
18-A 12011ATAB5 Bond Projects 13/13/2012 13/13/2015 lContractors/Staff(Note 18-A) IGrand Terrace Project CIP(Items 18lhrough 25) IGrand Terrace 1 13,030,0001 1,000,0001 01 01 0 I 0 I 0 I 01
28-A ISERAF Loan LMIHF-Reserve(See Notes) 14/26/2011 14/26/2016 JLMIHF(NOte 28-Al lRepayment of loan for SERAF-Reserve IGrand Terrace I 408,6361 448,6361 01 01 01 448,6361 Ol 448,636'
30-A(Residual Receipts I2/24/2009 I2/24/2033 (City of Grand Terrace(Note 30-AI IAffordable housing payment agreement-FY2012-13 IGrand Terrace I 3,OOO,0OOI 300,000I 01
OI OI 300,OOOI 0I 300,000
39(Property Dlsposltlon Plan (Pending (Pending IContraclor(Note 39) IPreparatlon of property disposition plan for housing assets IGrand Terrace I 3QODDI 30,OOOI I I I 30,OOOI I 30,DDD
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GRAND TERRACE ISAN BERNARDINO)
Pursuantlo Health and Safery Code section 343B6(a)
PRIOR PERIOD ES11NN1E0 OBLIGAl1ONS n.ACTVAI PAYMENTS
RECOGNIZED OBLIGATION PAVMENTSCHEOULE(ROPS II)
July 1,1112 through Decembor 11,1111.
MIHF I Band Proceeds I Re erve Balance I Admin Allowance I RPTIF I Other
hemp Project Name/Debt Obligation Payee Description/Project Scope Plot-Area Estimate I Actual I Estimate I Actual ( Estimate Actual I Estimate I Actual I Estimate I Actual I Estimate I -.Actual
$300,000 t $0_I $580,000I $DI $2,542,248I $2,093,612I $297.04GI $125,7601 $1,482,573I Sl.l6d.643� $OI $0.
1:1011 A Tax Allocation Bond [US Bank (Bond Principal&Interest on RDA toan (Grand Terrace I I I �— 1— 1 I 680,6981 690,8981 1
212011 BTax Allocatlon Bond IUS Bank (Bond Principal&Interestgn RDALoan (Grand Terrace I I I I I I I I d29,5451 429.Sd51 I
3:Trustee Fees IUS Bank (Trade.Fees IGrand Teffac: I 1 I 1 I 1 1 I 12,215 7,558 1 1
41Zion Wan(Note ROPS2 Trueup 94) 17/1/2005 19/1/2020 IGrand Terrace 1 1 : : I 127,4241 127424I 1 I OI 01 1
S 1 Repayment of Debt Service 111 Valley Muni Water I1111 mentlncgrettdebtservlcedK,ribby-SMATC IGrand Terrace I I I I I I I I 1 212,8881 01 1
61 Professlor,,IS—ires :City New Gomm I=rming/Notomit IGrand Tertare 1 1 1 1 1 1 I 1 11,565: 01 1
]:Consulting Services I Chamber of Commerce Ruiner Develapment Services IGrand Terrace I I I I 1 I 5,1601 5,0761 I
81Profasional5ervices IProfesslo"Appraisers PrgpertyAppraisal Servies IGrand Terrace 1 1 I 1 I 1 1 1 13,4001 O I
91 Professional Services (ACE Weed Abatement IWeed Abatement for Agency gwned property IGrand Terrace 1 1 I 1 1 1 1 1 I 21.0001 3.819: I
101Prolessional Services :Urban FMures S.E.C.Rule 15c2-12 Compliance Requirement-Bontls G rand Terrace 1 1 1 : 1 1 - I 3,5001 OI 1
111 Profasi0nal Services Omnl/Orrick IIRS sec.1481f)Compliance-Arbitrage Rebate Calculation IGfand Terrare 1 1 1 1 1 I 1 01 OI 1
12 lAgenry Owned Property (Various Contractors IPruperty Maintenance&Insurance-Agency Property IGrantl Terrace 1 1 1 1 1 1 1 3,0001 1,04E 1 I
1312011A TABS Debt Service Reserve IUS Bank 1DSR-Bond Covenant Requirement IGrand Terrace 1 1 1 1 I 1 1 I 1 01 01
14120118 TABS Debt Service Reserve IUS Bank IDSR-Bond Covenant Requifemen[ IGrand Terrace I I I 1 1 I I I I 01 01 I
151Profm,hmal Services-RDAwlndowh (Rogers Anderson Melody IDue Diligence Reporting/lIview H&534179.S IGrand Terrace 1 1 1 I I 1 1 01 01 1
16 ISA Legal Consulting I)ones&Mayer ILegalnounsel under HM 34177.3(b);anticipated a mount IGrand Terrace I I I I I I I I 30,000I 24241I I .
pend g negotiation of a SA legal servica agrace ment.
1712011ATARS Bond Poll- :Webb&Assoc :Michigan Street Improvements:design&ROW a is IGrand Terrace : 1 1 4g0,0001 OI
1812011ATAB5 Bontl PrgjM (Contractor Staff ISomhwes[prolecl area:infras[rutture study&deign IGrand Terrace 1 : 1
1912011ATAB5 Bond Project (Contractor Staff 15omhwest project area:infra structure construction IGrantl Terrace
20 12011ATABS Bond Project :Contractq:Staff 1Barton Road infrastructure improvements IGrand Terrace
2112011ATA85 Bond Project :Contrattgr Staff :Mich[gan Street Improvements:construction IGrand Terrace 1 1 1 I I I 1 1 I 1 1
22 12011ATAB5 Bontl Protect ICOntrattpf Staff IUnlon Pacc/Barton Road bridge conslrlxtlon IGrand Terrace I I I I I I I l I I
2312011ATA8$Bond Project IContractpr Staff (Storm drain&street rehab:Van Buren,Pico&Main St. IGrand Terrace 1 1 1 1 1 I 1 I I
2412013ATAB5 Bond Project :Contractor Staff IMI.Vernon slope stabilization IGrand Tertace
2512011ATABS Bond Pooled 1Conttattor Stafl 1yISId Grander Park mns[ruttion IGrand Terrace 1 1 1 1 1 1 I 1 1 1 1
26120I]ATABS Payment Reserve :USBank (Reserve IGrand Terrace 1 1 I I I 1 1 1 1 1 1
2712011BTAB5P...m R—rve :US Bank :Reserve IGrand Terrace
28 ISERAF Loan-LMIHF Reserve :LMIHF :RepaymentofloanfgrSERAF IGrand Terrace : : I 1 1 448,636
29 IStaler Brothers OPA :Stater Brothers Markets 1Paymen[on participation agreement IGrand Terrace
301Raidual Receipts (City of Grand Terrace :Affordable housing IGrand
Terrare 1 300,0001 01 1 1 1 I
31]Employee Costs :Personnel Costs IAgenry direct employee costs IGrand Teffd[e 1 1 I 1 I I I 107,500: 74,8031 1 1 1
32:EmPloyee Costs-PERS :Personnel Costs IAgenry direct employee costs IGfand Terrace 1 1 1 1 1 1 19,5361 21,9051
3310ffice Rent/Cost Allocatlon 1PaMdpation Agreement 1G&A Indirect over head cost aloctlno 17% IGrantl Terrace 1 1 : 1 1 1 I60,650I 1g5261 : 1
34 ICost Allocation Ad.O/H Uab ins 1Particlpation Agreement 1G&Alntlirett overheatl cost allocation-1]°6 IGrantl Terrace 1 1 : 1 1 1 : 9.360I 1d,5261
351Come1[Inq Services 1RSG :Reporting&admin servica :brand Terrace : : : 1 1 1 I I : 2S.000 6,898: :
36:Consulting Services 1HDL 1property Tax reporting services IGrand Terrace I I 1 : : I I I ti'mo 860
37(Office Costs/Supplies/Mist. IVarhma Co—cm. 1Adminlstrathm supplies&cost IGrand Terrace'
38 IAnnual Audt&Reporting :Rogers Anderson Main. :Requiredannualaudilingservices :Grand Terrace : : 1 1 1 1 : : : ],500: 4,700: :
3912004 Tax Allocation Bond IUS Bank (Bond Principal&Interest on RDA Loan :Grand Terrace 1 1 I 1 1 1,966,189 1.966,1981 1 1 01 01 1
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GRAND TERRACE(SAN BERNARDINO)
RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 13-14A)--Notes(Optional)
July 1,2013 through December 31,2013
Item# I Notes/Comments
1
21
3
4I
61 1
91 j
10
11
12
13
14 1
1516
I l
17 Item 17 was denied by DOF;this is for the design &right-of-way phase of the Grand Terrace project area.The City is resubmitting this line item for
reconsideration/approval to use the bond proceeds for this project.This item has been relisted as Item 17-A below.
18 Items 18-25 were denied by DOF;this is the Grand Terrace project area.The City is resubmitting this line item for reconsideration/approval and is listed as
part of Item 18-A below.
19 Items 18-25 were denied by DOF;this is the Grand Terrace project area.The City is resubmitting this line item for reconsideration/approval and is listed as
part of Item 18-A below.
20 Items 18-25 were denied by DOF;this is the Grand Terrace project area.The City is resubmitting this line item for reconsideration/approval and is listed as 1
part of Item 18-A below.
21 Items 18-25 were denied by DOF;this is the Grand Terrace project area.The City is resubmitting this line item for reconsideration/approval and is listed as
part of Item 18-A below.
22 Items 18-25 were denied by DOF;this is the Grand Terrace project area.The City is resubmitting this line item for reconsideration/approval and is listed as
part of Item 18-A below.
� � 1
a
GRAND TERRACE (SAN BERNARDINO)
RECOGNIZED OBLIGATION PAYMENT SCHEDULE(ROPS 13-14A)--Notes(Optional)
July 1,2013 through December 31,.2013
Item# I Notes/Comments
23 Items 18-25 were denied by DOF;this is the Grand Terrace project area.The City is resubmitting this line item for reconsideration/approval and is listed as
part of Item 18-A below.
24 Items 18-25 were denied by DOF;this is the Grand Terrace project area.The City is resubmitting this line item for reconsideration/approval and is listed as
part of Item 18-A below.
25 Items 18-25 were denied by DOF;this is the Grand Terrace project area.The City is resubmitting this line item for reconsideration/approval and is listed as
part of Item 18-A below.
26 I 1
27 1
28 HSC Section 34176(e) (6) (B)states that loan or deferral payments (SERAF loan)shall not be repaid to the LMIHF prior to the 2013-14 fiscal year. ROPS 13-14A
is for the 2013-14 fiscal year;this item is being resubmitted for consideration and is listed as Item 28-A below.
29
30 Item 30 was denied by DOF;the Residual Receipts Agreement payment of$300,000 is being resubmitted as an obligaton from RPTTF and is shown as Item 30-A
below.
31
32
33
34
35
36
37
38
17-A Resubmittal of Item 17.The Agency is resubmiting Item 17 as Item 17-A as this phase of the project was established under ABx126 redevelopment dissolution
law, not AB1484.
18-A Resubmittal of Items 18 through 25.The Agency is submitting Items 18-25 as Item 18-A; pursuant to HSC section 34191.4(c)these,items could be enforceable
obligations in the future after the Agency receives a Finding of Completion.
28-A IResubmittal of Item 28.The Agency is resubmitting Item 28 as Item 28-A in FY2013-14 pursuant to HSC section 34176(e)(6)(B).
30-A Resubmittal of Item 30.The Agency is resubmitting Item 30 as Item 30-A pending a Finding of Completion and Oversight Board finding to re-establish the loan
agreement, per the DOF's October 19, 2012 ROPS3 Determination Letter.
GRAND TERRACE (SAN BERNARDINO)
RECOGNIZED OBLIGATION PAYMENT SCHEDULE(ROPS 13-14A)--Notes(Optional)
July 1,2013 through December 31,2013
IItem# I Notes/Comments
39 IAn RFP will be issued to select contractor.
�OPS2 T/U#4 IThe Zion Loan payment was approved in ROPS2 based on the DOF Letter dated 05-11-12 and the DOF ROPS aproval letter dated 05-25-12.