2012-16 f
RESOLUTION NO. OB 2012-16
A RESOLUTION OF THE OVERSIGHT BOARD OF SUCCESSOR
AGENCY THE COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF GRAND TERRACE ADOPTING A RECOGNIZED
OBLIGATION PAYMENT SCHEDULE FOR THE PERIOD JANUARY 1,
2013 THROUGH JUNE 30, 2013
WHEREAS, the Oversight Board for Successor Agency to Grand Terrace
Community Redevelopment Agency ("Oversight Board" as applicable) has met and has
duly considered a draft recognized obligation payment schedule (ROPS) for the period
January 1, 2013 through June 30, 2013 in form substantially submitted by the
Successor Agency (the "Draft ROPS"); and
WHEREAS, the members of the Oversight Board understand that due to the time
line required by the Department of Finance and AB 1482 along with a lack of a new
format required by DOF, the ROPS will include the same enforceable obligations
presented and approved by the Successor Agency Board with the exception of the
reconciliation of ROPS -1 enforceable obligations, and
WHEREAS, prior to its meeting on August 22, 2012, the members of the
1 Oversight Board have been provided with copies of the Draft ROPS and instruments
referenced in the Draft ROPS; and
WHEREAS, the Oversight Board has reviewed the Draft ROPS and those
instruments referenced in the Draft ROPS; and
WHEREAS, the Oversight Board desires to express and memorialize its approval
of the Draft ROPS as the Recognized Obligation Payment Schedule duly approved by
the Oversight Board, a Recognized Obligation Payment Schedule in the form attached
hereto, which consists of the Draft ROPS with additions or deletions made by and at the
instance of the Oversight Board;
NOW THEREFORE, BE IT RESOLVED by the Oversight Board, as follows:
SECTION 1. The Oversight Board finds and determines that the foregoing
recitals are true and correct.
SECTION 2. The Oversight Board approves as the Recognized Obligation
Payment Schedule for the period July January 1, 2013 through June 30, 2013 (the
"ROPS") a Recognized Obligation Payment Schedule in the form attached hereto on
"Attachment A", which consists of the Draft ROPS with additions or deletions made by
and at the instance of the Oversight Board.
r
SECTION 3. The Executive Director of the Successor Agency is authorized and
directed to submit the ROPS!! to the California Department of Finance, the San
Bernardino County Auditor-Controller. The Executive Director of the Successor Agency
is further authorized to take all other actions necessary and required under the Health &
Safety Code or any other applicable law. In addition, the Oversight Board authorizes
and directs the Successor Agency staff to make such non-substantive revisions to the .
ROPS as may be necessary to!submit the ROPS in any modified form required by the
California Department of Finance, and the ROPS as so modified shall thereupon
constitute the ROPS as approved by the Oversight Board pursuant to this Resolution.
SECTION 4. The Successor Agency shall maintain on file as a public record this
Resolution and the ROPS as approved hereby.
PASSED, APPROVED, AND ADOPTED at a regular meeting of the Oversight Board of
Successor Agency to Community Redevelopment Agency of the City of Grand Terrace,
held on this the 22th day of August 2012 by the following vote:
AYES: Board Members Mitchell, Miranda and Saks; Vice-Chairman Powers and
Chairman Stanckiewitz
NOES: None
ABSENT: Board Member Sidoti and Vizcaino
i
ABSTAIN: None
Chair,-Oversight Board of Successor
Agency to the Community Redevelopment
Agency of the City of Grand Terrace
Secretary,6versi ht Board
r
c
Successor Agency to Grand Terrace CRA
ROPS - 3
For Period
Jan. 1 , 2013 to June 30, 2013
SUMMARY OF RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Filed for the January 1,2013 to June 30,2013 Period
Name of Successor Agency: City of Grand Terrace SA to Grand Terrace Community Redevelopment Agency
Total Outstanding
Debt or Obligation
Outstanding Debt or Obligation I$ 77,581,686
Current Period Outstanding Debt or Obligation I Six-Month Total-- --
A Available Revenues Other Than Anticipated RPTTF Funding 3,032,051
B Enforceable Obligations Funded with RPTTF 1,092,998
C Administrative Allowance Funded with RPTTF(See Note Page-GT RDA Note 1) 250,000
D Total RPTTF Funded(B+C=D) 1,342,998
Total Current Period Outstanding Debt or Obligation(A+B+C=E) Should be same amount as ROPS form six-month total $ 4,375,049
E Enter Total Six-Month Anticipated RPTTF Funding 3,100,000
F Variance(D-E= F) Maximum RPTTF Allowable should not exceed Total Anticipated RPTTF Funding $ 1,757,002
Prior Period(January 1,2012 through June 30,2012) Estimated vs.Actual Payments(as required in HSC section 34186(a))
G Enter Estimated Obligations Funded by RPTTF(Should be the same amount as RPTTF approved by Finance,including admin allowance) 2,344,143
H Enter Actual Obligations Paid with RPTTF 1,485,908
I Enter Actual Administrative Expenses Paid with RPTTF 362,223
J Adjustment to Redevelopment Obligation Retirement Fund(G-(H+1)=J) 496,012
K Adjustment to RPTTF I $ 846,986
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.
Signature Date
Page 2 Summary
1 1
Name of Successor Agency: City of Grand Terrace SA to Grand Terrace CommuNt Redevelopment Agency
County: San Bernardino Count Oversight Board Approval Date:
RECOGNIZED OBLIGATION PAYMENT SCHEDULE(ROPS III)
January 1,2013 through June 30,2013
Funding Source
Total Outstandinj Total Due During
Cant--i;imemem ContracVAgreement Debt ar Fiscal Year I Bond I Reserve I ,,.in
Item p Project Name/Debt Obligation Execution Date Termination Date Payee Desedption/Prolect Scope Project Area Obligation 2012-13 L. Proceeds Balance Allowance RPTTF Other Six-Month Total
;Grand Total _ is 77,581,fi86 I S 7,389.620 1 S 300,000 I S 1.111.111 1 5 1.732.051 1 S 250.000 1 S 1.092,998 1 5 - I 4.371.141
1 12011 AT.All...fion Band 2011 Bond Indenture I B/12033 !US Bank !Bond Pdnciple and Interest on RDA Bonds I Grand Terrace 1 27.883.706 I 1.520.093 1 I I I 1 418.2981 I 418.298
2 11111 B Tax Allocation Bond 2011 Bond Indenture 1 9/12026 IUS Bank IBond Pdnciple and Interest on RDA Bonds 1 Grand Terrace 1 8,971,205 1 840.825 1 1 1 1 211,731 1 1 201,735
3)Trustee Fees 2011 Bond Indenture I g/12033 IUS Bank ITrustee Fees I Grand Terrace I 266.5301 12.115I I I I 12.115I I 12,115
1 4:Zion Loan 2009 1 B/12020 lZmn First National Bank 1Pdyate Refunding of CRA Debt 1 Grand Terrace 1 2,166.204 1 254.845 1 1 1 127,424 1 1 121,424
51Repayment of Debt Service 1282012 1 1282021 1SB Valley Muni Water lRepayment Incorrect debt service distrib by-SBC ATC 1 Grand Terrace 1 2.062.4721 232.8881 1 1 1 232.a 81 1 232,889
6 lProfessional Services On-aoinq I ._.,no ICIN News Grouo IAdvertlsing/Noticing I Grand Terrace I 20.000I 15.000I I I 13.878I I 13,878
71Consulting Services 7/132010 1 On-poinq :Chamber of Commerce IBusiness Development Services 1 Grand Terrace 1 20.6001 10.3001 1 I 1 5,1601 1 5,160
&lProfessional Services I On-poinq I Orwoinp lProfessional Aooralsers IPooperry Appraisal Services I Grand Terrace I 50.000I 20.00D1 I I I 12.000I I 12.000
81Prafessional Services 1 4/1-011 1 On,cti,. IACE Weed Abatement IWeed abatement for Agency owned property I Grand Terrace I I00.000I 20.00DI 1 1 1 1 10,OODI 1 10,000
10;Professional Services I 2011Indenture I On-coin. [Urban Futures IS.E.C.Rule 15c2-12 Compliance Requirement-Bonds I Grand Terreca I 84.000I 7.0001 I I I I 3.530I I 3,500
11 lProfessional Services 1 2012 Indenture 1 On-poinq 10mni/Orrick 11RC sec.148(0 Compliance-Arbitrage Rebate Calculation 1 Grand Terrace 1 63.a100 1 3.g00 1 1 1 1 1 3.Og0 I I
12;Agency Owned Property I Various I 019.na ;Various contractors 1Propedy Maintenance end Insurance-Agency Property 1 Grand Terrace 1 30,0001 s,000l I I I 3.DD0 I 3.00o
13 2011ATABSDebtServiceReserve I 2011Bondlndenture I 9/12033 US Bank IDSR-BondCovenantRequirement I Grand Terrace 1 1,210.1141 -1 1 1 1 I - -
14I2011BTABSDebtServiceReserve I 2011 Bond Indenture I 9/12026 IUS Bank IDSR-Bond Covenant Requirement I GrandTerrece I 476.906I -I I I I I - - -- - -`-"'- -" -
15 IPmfe..Ional Services-RDA wind down I AS 1464 I On-gpinp ;Ropers Anderson Melody IDue Diligence ReporlinglReview H&S 34179.5 1 Grand Terrace I 20,000 I 20,000 I I I 20.010 I 20,000
16 ISA Legal consultin.(Note 16) I 2011 1 On-poinq tones&Mayer IL,,aI Counsel under HIS 34177.3(b) 1 Grand Terrace 1 600.000 I 60.000 1 1 1 30,000 1 30,OD0
17 12011A TABS Bond Projects 1 3/1312012 I 3/132015 [Webb&Assoc IMichigan Street improvements:design and ROW acq. I Grand Terreca 1 480.00D I 480.000 1 1 1 1 1 1 1
18 12011A TABS Bond Projects I2011 Bond Tax Certlfiwte I Otwoin. lContractomiStafl (Southwest project area:Infrastructure study and design I Grand Terrace I 1.000,00D I -I 1 I I 1 I I -
1912011ATABSBondProjects 12011 Bond Tax Cettficatel On-gpinp IConlr- Staff [Southwest project area:Intrastructureconstructon 1 Grand Terrace 1 2.500,00D1 1,000.0001 1 1,000,0001 1 1 1 1,000,ODO
20 I2011A TABS Bond Protects I2011 Bond lax Certificate) On-going 1Contractord.tafl 1Badgn Read InlrazWcture Improvements 1 Grand Terrace 1 2.500.000 -
21 12011A TABS Bond Projects 12011 Bond Tax Certificate) On-poinq IConlr... lStafl IMichigan Street improvements:construction 1 Grand Terrace 1 3,00.000 1 •1 1 1 1 1 1 22120
2 12011A TABS Bond Proiec5 12011 Bond Tax Certificate) Ori-going 1Contracmrs/Statt :Union Pacific/Barton Road bridge construction 1 Grand Terrace 1 460,OOD 1
I 23 I2011A TABS Bond Projects 12011 Bond Tax Certificate! On-going IContrac ors/tafl ISt.rm drain&street rehab:Van Buren.Pico,and Main St I Grand Terrace I 1,500,000 I
24 12011A TABS Bond Protects 12011 Bond Tax Cerbli ate) On-pain. lCim ors 5tatt IMt Vernon slope stabilization I GrandTerrece I 2.000.000 I I I I I I I I
2512011A TABS Bond Protects 12ott Bond Tax Certificatel On-coin. [ContractoWSlatt (Vista Grande Park construction I Grand Terrace I 70.ODD I I I I I I I
2612011A TABS Pevment Reserve 1 Sept2013 Debt Service I AB 1484 IUS Bank ;Reserve asper H&S 34171(d)(1)(A)-bond deb(service 1 GrandTerrece 1 698.29:1 698.2B81 1 1 698.2981 1 1 1 618,2981
27 I2011B TABS Payment Reserve I Sept2013 Dahl Service I A814B4 IUS Bank (Reserve asper H&S 34171(d)(1j(A)bond deht service I Grand Tertaca I 436.7351 436.735I I I 436,735I I I I 43fi.735 I
1 28 ISERAF Loan LMIHF-RESERVE 1 41262DI1 1 4262016 (LMIHF lRepayment of loan far SERAF-Reserve 1 Grand Terreca 1 448.6361 448.6361 1 1 448,6361 1 1 1 441.636I
29:Stater Brothers OPA(Note 7) 1 2/222011 1 Zml)6 (Stater Brothers Markets [Payment on participation agreement 1 GrandTertace 1 1.207.500 I 500.0001 1 1 144,5001 1 1 1 144S.0 I
30:Residual Receipts(Noe 2) I 2242009 I 2242033 ICIt of Grand Terrace :Affordable housing payment agreement-FV2012-13 1 Grand Terrace 1 3p00,000 300,000 1 300.000 1 1 1 1 1 1 300.000
31:Employee Coss 1 On poinq 1 On-going :Personnel Costs :Agency direct employe,casts 1 GrandTertace 1 4.945.000 1 172.776 1 I I -1 86.388 I I I 86.388 I
32 1Emplovee Costs-PER. 1 On-"Ding 1 On-going :Personnel Costs (Agency direct employee casts-PERS 1 Grand Terrace 1 1.000,000 1 81,300 1 1 1 -1 40,650 1 1 1 40.650 1
1 33 IO-ce RenVC,11Allocation I On-poinq On-aping ;Participation Agreement IG&A indirect overhead cast allocation-17% I Grand Tertaca I 7.3B9.90D 163,995I I I -I 81.996I I I 81,886
34;Cost Allocation-Adm OM Uab Ins 1 On-pain" On poinq IPa ticipatlon A.reamant IG&AAdminindirect O/Hlnsurance-17% I Grand Terrace I 430,100 8,700I I I I 8.348I I I 81348
35 IConsultin.Servipes I On-poinq I On-poinq :RSG ;Reporting and Administrative Services I Grand Terrace I 250.0001 25,000 I I I 25,000I I 2s.D001
I 36 ICansulfin.Services 1 O"oirn I Owoinp IHDL ;Property Tax Reporting Services 1 Grand Terrace 1 80,0001 8,000I I I I 4,0001 1 4,0001
1 37 101fice Co65 SupPties/Mlse. I On-going I On-going :Vadous lAdministrative supplies and costs I Grand Terrace I 60.D00 1 30,611 1 1 1 382 1 2.618 I I I 3,101 I
I 3B;Annual Audit and Reporting I Owoinq I Onpoinq :Ropers Anderson Melody IRequiredannual auditing services I Gmnd Tertaca I 30.ODD1 3.50DI I I 3.500I I I I 3,SOOI
I 391 I I I I I I I I I I I I I
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I 491
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ROPS Page 3
i 1 V I
Name of Successor Agency: City of Grend Terrace SA to Grend Tenace Community Rddevelapment Aq.n.
County: San Bernardlnp Count
Pursuant to Health and Safety Code section 34186(a)
PRIOR PERIOD ESTIMATED OBLIGATIONS vs.ACTUAL PAYMENTS
RECOGNIZED OBLIGATION PAYMENT SCHEDULE(ROPS 1)
January 1,2012 through June 30,2012
LMIHF I Bond Proceeds I Reserve Balance I Admin Allowance I RPTTF I Other
Page/Farm Line Prolect Name/Debt Obligation Pave. Description/Pmlect Scope Pralecl Area Estimate Actual I Estimate Actual I Estimate I Actual I Estimate I Actual I Estimate I Actual I Estimate Actual
I (Grand Total - I$ - 15 - Is 500.000 1 S 188.505 1 S 3,440,280 1 S 163,386 1$ 421.660 1 s 362.223 1$ 2,504,965 l 4 1.4B5.908 1$ -
Pq1 1 1 2004 Tax All-ban Bonds IUS Bank (Bonds for housing 8 rwn-housmq nmiecb: I Grand Terrace 1 I I 36.1881 36.188I 1
Pa I 1120D4TaxAllocationBonds IUS Bank (Reserve as per Has34171(d1111(AI-0ondlGrandTerracel 1 1 1 1 1 1 1 1,966,1fl81 01 1
Pa 1 I 1-RV 12004 Tax AIIocBonds(Note 31 IUS Bank IReserve as per HIIS 14177(dllilIA-0ondl Grand Terrace I I I I I 1.966.788 I I I (1.966.1 s81I 01 I
Pq1 I 2:2011 A Tax Allocaton Bond IUS Bank (Bonds for mrMgushro omi,cts I Grand Terrace I _ 1 1 1 _ _I_ 1 1 _ 1 420.9001 420.9001 1
Pa 1 1 2 12011 A Toz Allocation Bond IUS Bonk IReserve as per HBS 34177(dlltl(A1-0ondl Grand Terraee I 1 1 1 I I I I I 679.598 I 1
Pal 12-RV:2011 A Toz All..Bond mote 4l IUS Bank IReserve as per HdS]4171(d1111(A)-bond)Grand Terrace) 1 1 1 1 s76.sse 1 1 (679,598)1
Pal 1 3 1201 1
B Tax Allocation Bond IUS Bank IBanaetornan4,ausina proiapts I Grend Terrace I I I I I I 1 I 1 209.5451 209,545I I
P.
1 I 3 12011 R Tax Allocation Bond IUS Bank IReserve as per H&S 34171111:11(A1-0pndl Grand Terrape 1 I I I I I I I I 425.5645 I I
Pa 1 1 3-RV 12011 8 Taz Alloe Bond(Note 5) U9 Bant IReserve es per H8S 34171(d)171(A)-bond)Grand Terrape 1 1 1 1 1 425.5401 1 1 1 (425.640)1 1
Pal I 4:Trustee Fees IUS Bank ITrestee keson bands 1 Grend Terrace I 1 1 I I I I I 12,115I 1I
P.1 I 5:Zion Loan-Refi-COPS Zion First National Bank IRafinanced refunding of bonds for Dmiects I Gmnd Termca I - I - I I I I I _ I 127,424I 127.424I I
Pa 1 I 5:Zion Loan Refi-COPS IZlop First National Bank IReserve as per H86 34111 d1111(AI-0padl Grantl Terrace I I I I I I I 127.424 I I I
Pal 1 5-RV[Zion Loan Refi-COPS [Lon First National Bents IResprve as Oer H&S 34171(d)111(A;-b Grantl Terrace 1 1 1 1 121.114 I 1 1 1 (127,424)1 1 1
Pal 1 6ISERAF Transfer (Reusing Fund (Repayment of loan for SERAF 1 Grand Terrace I 1 1 1 1 1 1 1 448.fi36: OI I
Pa 1 I 7lRepayment of Debt Service ISB Valley Muni Water (Repay incorrect debt service dlsbib by SBACI Grand Terrace I I I I I I I I I 232.888: 238,239 I I I
Z1 I 8 lAaencv Attorney)Note 171 (Jones end Maver ILegal consulting an dissolution 1 Grand Terreca 1 I I I I I I I I 24.0001 37.861 I I
Pa 1 B[Stafar Brothers OPA (Stater Bmthem Markets IPayment on wf6pation agreement 1 Gmnd Termca I 1 1 1 1 1 1 1 241.50e[ 01 1
Pa 1 9-RV[Stater Brothers OPA(Note 71 [Slater Brothers Markets IPayment on participation agreement 1 Grand Terrace 1 1 1 I I 241.500 I 163.3a6 I 1 I (241,30011 01 I I
Po t 10:Commercial Exteriors 1VikNg lmestmanls Prop IShooping center rehabilitation I Grand Terrace: I I I I I I I 220,429 1 0 I I I
I Pa 1 11:Neighborhood Imo.Grant IOualifiad residents IExmdor imprevementalca ectviolafions I Grend- ce I I I I I I I I 39.035: 0 I I I
Pg1 I 12:8aseball Feldlmorovarrent, (Rack Bottom I Construction of baseball field I Grend Terrace I I I I I I I I 1 42.46'1 1.0501 I I
Pal 13(Vista Grande Park Improvements lFoundation of GT llnstanafion of park improvements IGrand Terrecel I I I I I I 1 35.00DI e5I I I
Pa 1 I 14:MICh/BadoMaPziY (Lee and sfires bb Ass Ilnhastructure imarevaments I Grand Terrace: I I I I I I I 63,276 I 18.320 I I I
1 pa
1 75I Residual Receipts(Note 2) ICIN of Grand Terrace 1Atlordablehousingpaymentaareemant 1 GrendTarrace[ 1 1 1 1 1 1 1 OI 01 1 1
Pa 1 15-R :Residual ReeelOts(Note 21 IDIt,of Gmnd Terrace (Afford hsp apr-Denied by DOF I Grend Telrece o I o 1 1
Pal 1 i6(Developer MOU IGrend Tell Partners LLC [Terminate developmentopmement I Grend Terrace I I I I I I I 375.0001 375.000 I
Pal I 17!Employs:Casts ICIN of Grand Terrace IAgenry directemployee costs I Omnd Terrace I I I I I I IS.702 I 177.137 I I I I I
I Pp1 I 18:EratoveeCast. ICiNDfGrandTerrace IApencydiractemployeecests-PERS IGrendTermca: I I I I I I 31.308I 30,3531 1 1 1 1
1 Pp1 1 191Office Rent/Cost Allacetian lCiN of Grand Tenace 10fice Spam and operations 1 Grend Terreca I 1 1 1 1 1 1 126.0001 120.4861 1 I I I
1 Po
7 I 20(CastA ocetlan Adm O/H IDlt of Grand Te ace IGBAAdrttinistrafion indirect overhead (Grend Terraces I I I I I I 16.650I i5.D00I I I I I
Pa 1 I 21(Cost Allocation-Adm O/H ICIN of Grand Terrace IG S A Administration indirect O/H Insurance Gmnd Terreca I I I I I I I 15,000 15.000 I I I I
Pal I 22:Consultlng6ervices IRSG IAnnualreportingrequirements/admini5bationl Grend To race 1 I I I I 21,011 1" I I
Pal 1 231Coneulting Services 1Citv N-Gmup lAWertisinpMoficlng 1 Grand To
I 1 1 I 1 1 1 1 12.0001 1
Pp1 1 241ConsultinpServices 1Sm.th..Appraisers IProperlyApomisals 1 Grend Terrace 1 1 1 1 1 1 1 1 I 13,400I I 1
Pal I 25:ConsultlnaS.M.. IWebbBAssociates ITmfficEmmnaedno 1 GrandTerrace 1 1 1 1 1 1 1 1 1 2D.0001 3.035 1 1
I Pal 1 26:Consul'no Service: !ACEWbod Abatement IWoed abatement for Agenev Pmperty 1 Grend Terrace[ 1 1 I I I I I I 20,Oo0I I I
Pal I 27:Consulting Services IKS A Engineering llnbastmctum study/design I Grend Terrace I I I I I I I I I 30.000 I I
Pal I 28:Cansul'no Services (Chamber of Commerce 18usiness development services Grand Terraces 1 1 1 1 1 1 5.1601 5,1601 1
Pal I 29:Consulting Service: IUrban FUWres ICantinuina Disclosure Reporting-bond iwuel Grant Terrace: I I I I I I I 7,0 OI I
I Pg 1 1 30 IProfeact.nal Service: Istmciling"Doge IAfmmev Services 4Wnd-dovm) I Grand Terreca I I I I I I I I 4'0Do I o I I
I Pat 1 1 IStatutory Pass Through ICity of Gmw Terrace 15tabdary paymento11igation I Grand Terrace I 1 1 1 1 1 I 1 1 80,000 1 o f 1
P.
I 1-RVIStatul-Pass T1-111*te61 1Clty of Grand Terrace 1Stat PT Obla-Remove PER HSC 34186(at I Grend Terrace I I I I I I I I (80.00011 of I
Pa 2 I 2:Statutory Pass Through (San Bemwrdmo Comm CoIIIStabdary paymentobligation I Grend Terrace I I I I I I I I 80,000 1 01 I
Pat 12-RV161alutory Pass ThmlNote91 ICIN of Grand Terrace ISbatPTOblgAemovePERHSo34186(at GmndTerracal I I I I I I I IBa,000)I oI I
Pat I 3:Naa.Oated Paw Through lColton Joint USD IP:Vmenl oar agreement I Grand Term-
Grand OI I
I Pa I 4:Pew Through ndbvCaunN ITaxingentities IPavmenlpereareement I Tertace I I I I I I I I 2.000.0001 I I
I P.2 1 4-RV:Poll Thru ad Count,IND.let ITaxlno entities IP-T Oblo-Remove PER MSC 341861a1 I Grend Terrace 1 I I I 1 1 1 1 1 (2.000.00011 1 1
I Pg 2 I 5:Housino Fund Deficit ILowiMod Housing Fund IStawtory housing set aside I Grand Terrace: I I I 1 1 1 1 1 1.238.70'1 01 I
1 Pa 2 1 5-RV 1HousIna Fund Deticll 1Lo%W ad Housina Fund IStat.housing set aside-Denied DOF I Grand Terrace: I I I I I I I I (1.238.790): O I I
I Pq2 I Professional Services IHDL IProaerN tax allocation recencTatian I Grend Tamace I I I I 1 1 1 8.0001 2.2251 : I I
I Pat I 7:Demolition ofstructuras ICgn-cwr IDemolifian 21974 DeBarry I Grend Terrace I I I I 1 1 1 1 1 15.0001 13.4731 I
I Pa 2 I 8:Consulting Services (Contractor (Bond Arbitrage Rebate Calculation and Rentl Grend Terrace: I I I I I I I I 3.000 I I I
1 P.2 1 9 1Agergv Owned Prgoadv [Various mnbnMrs 1Propedy Maintenance and Insurance 1 Grend Termca 1 1 1 1 1 1 1 1 1 3.000 1 1,628 1 1
I Pat 1 101Audibno Services [RAMS IR-iredann A-dibrgwrvicee I Grand Terrace I I I I 1 I I 10.000I 1.3821 I I I
Prior Period Payments Page 4
LMIHF I Band Proceeds I Reserve Balance I Atlmm Allowance I RPTTF I Other
PaaelFpnn Line Project Name/Debt Obligation Payee Descrintion/Proiect Scope Prolect Area I Estimate Actual I Estimate Actual I Estimate I Actual I Estimate Actual I Estimate Actual I Estimate I Actual
Pa2 I 11 IConsul8np Servi.s(Note 18) lcontactors I Pro,Svcs-Anency Disolutr-0—ight I Grand Tarraco I I I I I I I I 1 50.0001 1
I Pa I 12IProfessi.-I Services(Note 18) (special Counsel ISuccessor Aaencyand Overslpht Board (Grand Tara.I I I I I I I I I 35,0001 I I
Pa 1 13 I Low Mod Property Purchase IHousim Autlmrity IPurchass property—"rcial district I Grand Tens.I I I I I 463.167I 01 I I I I
Pa2 111-RV ILow Mod Prop Purch(Not.12) 1Hous(ng Authority I Purch property Kamm Dst-Remove I Grand Tarraco 1 1 I I 1 (463,1671I OI I 1 I I I
Pa2 I 1412011A TABS Bond Proiects IContraolmalStaR (Bond Proiecls-0ther I Grend Terrace I I I OI 01 I I I OI I
I Pa 2 1 15 12011A TABS Bond Proiacte (Webb SAs.. Michiaan Street impmvements:desion and RI Gmnd Terrace I I 500.000 I 188.505 1 I I 1 O I I I I
I Pa 2 I i6 I2011A TABS Bond Proiacts IContrectorNStaH ISouthvest probct area:infrastructure study I Gmnd Teraco I I I 01 0 I 01 I I I
I Pa 2 I 17 I2011A TABS Bond Projects IContactors/StaH 1Sputhweat proles area:infrastructure constrl Grand Terrace I I 1 0 1 O I 1 1 I I 01 1 1 I
1 Pa 2 1 IS 12011A TABS Bond Projects 1Contadare/StaH (Baden Road Infrastructure improvements I Grand Terrace I I I O I 01 I I I 1 0 I I I
1 P.
1 1912011A TABS BondI'mi cts IC-t—Wra/StaH IMichipanStrestimprovementu:.nstruction l Grand l I O I 01 I I 1 01 1 1
I P.
I 20 I2011A TABS Bond Projects ICon7aCMrs/StdH (Union Peei6elBerton Road brides constracSpl Grand!Terrace 1 I I O OI I 1 I 01 I I I
1 Pa2 1 211201IA TAB 6Bond Proiects ICantractorslSbH IStorm drain&steel rehab:Van Buren.Pi..I Grand Terta.I I I 0I OI I I I I 01 1 1 I
1 Po
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Prior Period Payments Page 5
Name of Successor Agency: Citv of Grand Terrace SA to Grand Terrace Community Redevelopment Agency
County: San Bernardino Countv
RECOGNIZED OBLIGATION PAYMENT SCHEDULE(ROPS III)—Notes(Optional)
January 1,2013 through June 30,2013
Item#I Notes/Comments
1 Summary Paqe ROPS-3-Administrative Allowance of$250,000 is claimed in ROPS-3 because Administrative Allowance was not distributed in ROPS-2 due to large RPTTF deficit in ROPS-2 June 1,2012 Distribution.
2 ROPS 3 Pg.1.Item#30 and PPP Schad(ROPS-1)lins 15 to 15-RV-Residual Receipts Agreement payment$300,000 ROPS-3 to be funded from LMIHF.;Historically,DOF Denied EO on ROPS-1 to be paid by RPTTF,although no funding was requested for this item
for the ROPS-1 period of Jan.1,2012 to June 30,2012, since the obligation was funded for FY 2011-12 prior to January 1,2012 from LMIHF.Agency rebutted denial by DOF in a letter dated May 7,2012 from Agency Attorney Jones&Mayer.In that letter,Jones&
Mayer asserted on many issues om behalf of the Agency including the issue that the Residual Receipts payment should have been characterized as an encumbrance of the Grand Terrace Low/Moderate Income Housing Fund.No response,either written or oral has
ever been received by the Agency. Agency then resubmitted Residual Receipts Agreement on ROPS-2 for period July 1,2012 to December 31,2012 with a payment request of$300,000 from RPTTF.This EO request was not denied on ROPS-2 by DOF.However,the
Agency did not fund this EO from RPTTF because it realized that such EO should have been submitted as an EO, but and EO that should and has been funded from LMIHF.
Therefore,Item#30 is being resubmitted as an obligation from LMIHF.
3 I PPP Sched-(ROPS-1)-Pg1.Ln.1-RV;-2004 TABS Reserve per H&S 34171(d)(1)(A)bond debt service,moved from RPTTF to Reserve Balance Funding.$1,966,188
4 I PPP Sched-(ROPS-1)-Pg1.Ln.2-RV;-2011-A TABS Reserve per H&S 34171(d)(1)(A)bond debt service,moved from RPTTF to Reserve-Balance Funding$679,598. -
5 PPP Sched-(ROPS-1)-Pql.Ln.3-RV;-2011-8 TABS Reserve per H&S 34171(d)(1)(A)bond debt service,moved from RPTTF to Reserve Balance Funding$420,540.
6 PPP Sched-(ROPS-1)-Pql.Ln.5-RV;Zion Bank COPS REM Payment-Reserve per H&S 34171(d)(1)(A)bond debt service,moved from RPTTF to Reserve Balance Funding$127,454.
PPP Sched-(ROPS-1)-Pg1.Ln.9-RV;Stater Bros-Dev OPA Payment-Moved from RPTTF to Reserve Balance Funding because cash and obligation have been reserved because debt is payable based on achieving certain performance levels and attaining
7 benchmarks.
8 I PPP Sched-(ROPS-1)-Pg 2.Ln 1-RV-Pass-through Payments removed as per HSC 34186(a);not added back in subsequent ROPS.
9 I PPP Sched-(BOPS-1)-Pg 2.Ln 2-RV-Pass-through Payments removed as per HSC 34186(a);not added back in subsequent ROPS.
10 PPP Sched-(ROPS-1)-Pg 2.Ln 4-RV-Pass-through Payments removed as per HSC 34186(a);not added back in subsequent ROPS.
11 PPP Sched-(ROPS-1)Pq 2 Ln 5-RV-LM housing set-aside denied by DOF;not added back in subsequent ROPS.
12 I PPP Sched-(ROPS-1)Pg 2 Ln 13-RV-Property Purchase to reimburse LMIF from Non-Housing CRA funds-Removed,correction of error on ROPS-1..
13 I PPP Sched-(ROPS-1)Pg2 Ln.24-RV-20116 Taxable TABS Bond Proceeds Project-denied by DOF;not added back in subsequent ROPS.
14 I PPP Sched-(ROPS-1)Pq2 Ln.25-RV-2011 B Taxable TABS Bond Proceeds Project-denied by DOF;not added back in subsequent ROPS.
15 I PPP Sched{BOPS-1)Pg2 Ln.26-RV-2011B Taxable TABS Bond Proceeds Project-denied by DOF;not added back in subsequent RODS.
16 ROPS-3,Item#16-Legal Counsel under H&S 34177.3(b)-Wind-down costs to be paid from RPTTF per AB 1484 not subject to Administrative Cost Allowance limitation.
17 PPP Sched-(ROPS-1)P1 Ln.B-Legal Counsel under H&S 34177.3(b)-Wind-down costs to be paid from RPTTF per AB 1484 not subject to Administrative Cost Allowance limitation,moved to RPTTF.
18 I PPP Sched-(ROPS-1)Professional services under H&S 34177.3(b)-Wind-down costs to be paid from RPTTF per AB 1484 not subject to Administrative Cost Allowance limitation,moved to RPTTF.
Summary Page ROPS-3- Line G=Amount credited as ROPS-1 Approved ROPS Enforceable Obligations$6,295,650 less deficit in RPTTF Residual Balance of($3,951,508)=$2,344,142.
19 Source:http://www.sbcounty.qov/atc/pdYDOFDistributionReport(JAN-JUN2012ROPS).pdf
Notes Page 6