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2012-08 RESOLUTION NO. OB 2012-08 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 JULY 1, 2012 THROUGH DECEMBER 31, 2012 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 for the period July 1, 2012 through December 31, 2012 in the form submitted by the Successor Agency (the "Draft ROPS"); and WHEREAS, prior to its meeting on April 18, 2012, the members of the 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 1, 2012 through December 31, 2012 (the "ROPS") 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. SECTION 3. The Successor Agency is authorized and directed to submit the ROPS to the California Department of Finance. SECTION 4. The Successor Agency shall maintain on file as a public record this t_ 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 18th day of April 2012 by the following vote: AYES: Board Members Sidoti, Saks, Mitchell and Miranda; Vice-Chairman Powers and Chairman Stanckiewitz NOES: None ABSENT: None ABSTAIN: None Chair, Oversight Board of Successor Agency to the Community Redevelopment Agency of the City of Grand Terrace 1'APA ,0_ Secretary,.&ersight Board ATTACHMENT Recognized Obligations Payment Schedule (ROPS) For the Period July 1, 2012 to December 31, 2012 Name of Redevelopment Agency: COMMUNITY REDEVELOPMENT AGENCY OF GRAND TERRACE-RR34 ProjectArea(s) RDA Project Area All GRAND TERRACE PROJECT AREA . SUCCESSOR AGENCY ADMINISTRATIVE BUDGET ' Ict No Equivalent Equivalent Description I FTE% I Salary I Benefits I OTHER I Total 2012 I Aug I Sep Plyme 2O0 Zyminth 0v I Dec I Total I I I I I I I I I I I I I I I I IPERSONNEL(Direct Costs) I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I 1)ICIty Manager 'I (Administrative Direct Labor I 0.25 1 41,6501 23.2901 -1 64,9401 5,411I 5,4111 5,4121 5,4121 5.4121 5.4121$ 32,468 I 2)1 Community Economic Development Director (Administrative Direct Labor 1 0.50 1 55,9701 30,1301 1 86,1001 7,1751 7,1751 7,1751 7,1751 7,1751 7,1751$ 43,050 I 3)1Community Economic Development Secretary (Administrative Direct Labor 1 0.05 1 1,950 1 1,2501 -1 3.2001 267 1 2671 2671 2671 2671 267 1$ 1,600 I 4)ICity Clerk I (Administrative Direct Labor 1 0.25 1 14,2501 8,8001 1 23.0501 1,921 I 1,921 I 1,921 I 1,921 1 1,921 I 1,921 1$ 11,525 I 5)I Finance Director I (Administrative Direct Labor 1 0.40 1 41,575 1 22.7501 1 64.3251 5,360 1 5,3601 5,360 1 5,3601 5,3601 5,3601$ 32,163 1 6)ISr.Account Technician I (Administrative Direct Labor 1 0.10 1 4,850 1 .2,800 1 -1 7,6601 638 1 638 1 638 1 6381 63B 1 6381$ 3,830 1 7)IAccount Technician I (Administrative Direct Labor 1 0.10 I 3,0001 1,8001 -1 4,8001 4001 4001 400 1 4001 40D 1 4001$ 2,400 I I I (Total FTE Salaries and Benefits 1 1.65 I .163,255 1 90,8201 -1 254,075 1 21.1721 21.1721 21,1731 21,1731 21,1731 21,173 1$ 127,036 I I I (Percentage of Overall City Payroll and Benefits 1 10.4%1 10.91/11 - 1 10.5%1 I I I I I I$ . I I I I I I I I I I I I I I I I$ I IOTHER ADMINISTRATIVE COSTS(Indirect overhead allocation) I I I I I I I I I I I I$ I I I I I I I I I I I I I I I I$ 1 8)I Indirect Administrative Staff/Administrative Overhead Costs-historically 34%to CRA I I I 1 321,3001 321,3001 26.7751 26,7751 26,7751 26,7751 26,775 1 26,7751$ 160,6501 1 9)1indirect O/H Insurance costs-historically 34%to CRA 1 I I I 1 18.7001 18.7001 1 560 1 1,5601 1.5601 1,5601 1,5601 1,5601$ 9.3601 I 1 1 ITotal Indirect Administrative Costs 1 1- I 1 340,0001 340,00D 1 28,3351 .28 335 1 28,3351 28,3351 28,3351 28,335 1$ 170,0101 I I I I I I I I I I I I I I I I$ I I I I I I I I I I I I I I I$ I I I I I I I I I I I I I I I$ I I I I I I I I I I I I I I I$ I I I I I I I I I I I I I I IS I I I I I I I I I I I I I I I$ I I I I I I I I I I I I I I I$ - 1 I I I$ I I I I I I I I I I I - I I I I I I I I 1 I I I I I I$ - I I I I I I I I I I I I I I I$ - I I I I I I I I I I I I I I I$ - I I I I I I I I I I I I I I I I$ ll I I I l I I I I I I I I I I IS I I I I I I t 1 I I I I I I I IS -I I I I I I I I I I I I I I I I I$ - I I I I I I I I I I I I I I I I$ - I I I I I I I I I I I I I I I I$ - I I I I I I I I I I I I I I I I$ - I I I I I I I I I I 1 I I I I I ITotals-This Page I I I- f 163,2551 90,8201 340.0001 594,0751 49,5071 49,5071 49,5081 49,5081 49.5081 49,5081 297,046 ESTIMATED ADMINISTRATIVE COSTS FOR TAX ALLOCATION PERIOD JULY 1,2012 TO DECEMBER 31,2012 ESTIMATED ANNUAL FUNDING: Code Source RPTTF REDEVELOPMENT PROPERTY TAX TRUST FUND 250,000 OTHER RESERVES,RENTS,INTEREST 344,075 Total Funding of Administrative Costs 594.075 RECOGNIZED OBLIGATION PAYMENT SCHEDULE-CONSOLIDATED - FILED FOR THE JULY 1.2012 to DECEMBER 31.2012 PERIOD Name of Successor Agency CITY OF GRAND TERRACE AS SUCCESSOR AGENCY TO COMMUNITY REDEVELOPMENT AGENCY OF GRAND TERRACE-RR34 Current Total Outstanding Total Due Debt or Obligation I During Fiscal Year Outstanding Debt or Obligation (Excludes Pass-Through Debt) I$ 86,496,493.00 I$ 8,512,288.00 Total Due for Six Month Period Outstanding Debt or Obligation(Excludes Pass-Through Debt) $ 6,179,989.00 Available Revenues other than anticipated funding from RPTTF $ 2,090,213.00 Enforceable Obligations paid with RPTTF $ 3,839,776.00 Administrative Cost paid with RPTTF $ 256,000.00 Pass4hrough Payments paid with RPTTF $ - Administrative Allowance(greater of 5%of anticipated Funding from RPTTF or 250,000.Note:Calculation should not include pass-through payments made with RPTTF. The RPTTF Administrative Cost figure above should not exceed this Administrative Cost Allowance, $ 250,000.00 Certification of Oversight Board Chairman: Pursuant to Section 34177(I)of the Health and Safety code, I hereby certify that the above is a true and accurate Recognized Name Title Enforceable Payment Schedule for the above named agency. Signature Date Name of Redevelopment Agency: COMMUNITY REDEVELOPMENT AGENCY OF GRAND TERRACE-RR34 FORM A-Redevelopment Property Tax Trust Fund(RPTTF) Project Area(s) RDA Project Area All GRAND TERRACE PROJECT AREA DRAFT RECOGNIZED OBLIGATION PAYMENT SCHEDULE Per AS 26-Section 34177(•) Total Due Total Outstanding During Fiscal '•• _ Debt or Year Funding Project Area Obligation 2012-2013•• Source Payable from the Redevelopment Property Tax Trust Fund(RPTTF) Contract/Agreement Payments by month Jul Aug Sep Oct Nov Dec Project Name/Debt Obligation Execution Date Payee Description 2012 I 2012 I 2012 I 012 I 012 I 012 I Total I I I I I I I I I I I I I I 2004 Tax Allocation Bonds 1 20D4 ' IUS Bank IDebt Service on 2004 CRA Tax Alloc Bonds I Grand Terrace Pro]Area I 1.966,18E I 1,966,18B I RPTTF I -1 665.188 1 -1 -1 -1 -1$ 666,186 2011 A Tax Allocation Bond 1 2011 IUS Bank IDebt Service on 2011 CRA Tax Alloc Bonds I Grand Terrace Prot Area 1 28,985,500 1 1.099.196 1 RPTTF I -1 680,898 1 -1 -1 -1 418,298 1$ 1.099,196 2011 B Tax Allocation Bond 1 2011 IUS Bank IDebt Service on 2011 CRA Tax Alloc Bonds I Grand Terrace Proi Area 1 9.610296 1 631,28D 1 RPTTF 1 -1 429,545 1 -1 -1 -1 201,735 1$ 631,280 ITruslee Fees 1 200412011 Indenture IUS Bank ITrustee Services for 2004&2011 TABS I Grand Terrace Prot Area 1 266.530 1 12,115 1 RPTTF 1 -1 12.115 1 -1 -1 -1 1$ 12,115 Zion Loan 1 2009 (Zion First National Bank IPrivate Refunding of CRA Debt I Grand Terrace Prot Area 1 2,421,052 1 '254.848 1 RPTTF 1 -1 127.424 1 -1 -1 -1 127.424 1 S 254.848 SERAF Transfer 1 2010 IHousinq Fund IRepavment of loan for SERAF I Grand Terrace Prof Area 1 448,636 1 448,636 1 RPTTF I -I -.I -I -1 -1 448,636 1$ 448,636 Repayment of Debt Service 1 9/13/2011 ISB Valley Muni Water (Repay incorr debt service distrib-SB ATC I Grand Terrace Pro[Area 1 2,062.472 1 232.888 1 RPTTF I -( -I .-I -I -I 232.88E 1$ 232,888 Agency Attornev 1 9/27/2011 (Jones and Mayer .ISuccessor Agency Legal consulting I Grand Terrace Prot Area 1 60.000 1 60,000 1 RPTTF 1 5,000 1 5.000 1 5.000 1 5,000 1 5,000 1 5.000 1$ 30,000 Stater Brothers OPA 1 2/22/2011 IStater Brothers Markets IPayment on participation agreement I Grand Terrace Prot Area 1 1,207,600 1 241,500 1 RPTTF I -I -I -I -I -I -1$ - Residual Receipts 1 2/24/2009 (City of Grand Terrace (Affordable housing pavment agreement I Grand Terrace Prot Area I 3,00D,000 1 300.000 1 RPTTF I -I -I -I -I -1 300,000 1$ 300,000 Consulting Services I On-going IRSG (Annual reporting requirements/administration I Grand Terrace Proj Area 1 25.000 1 25,000 1 RPTTF 1 -1 2,500 1 2,500 1 5,000 1 5.000 1 10,000 1$ 25,00D Consulting Services I On-going (City News Group - [Advertising/Noticing I Grand Terrace Proi Area 1 10.000 1 10.000 1 RPTTF 1 -1 -2,313 1 2.313-1 2,313 1 2,313 1 2,313 1 S 11,565 Consultinq Services I Purchase Order ISmothers Appraisers - lProDerty Appraisals I Grand Terrace Pro[Area 1 13,400 1 13,400 1 RPTTF I -1 =1 9.000 1 -I -1 4,400 1$ 13.400 Consulting Services 1 4/12/2011 (ACE Weed Abatement Weed abatement for Agency property I Grand Terrace Prot Area 1 100.000 1 20,000 1 RPTTF I -I -I I -1 10,000 1 10,000 1$ 20.000 Consulting Services 1 7/13/2010 CChamber of Commerce IBusiness development services I Grand Terrace Prot Area 1 20.600 1 10.300 1 RPTTF 1 860 1 860 1 860 1 860 1 860 1 860 1$ 5.160 Consul8nq Services 1 2004/2011 Indenture IUrban Futures IContinuinq Disclosure Reporting-bond Issues)Grand Terrace Pro[Area 1 84,000 1 7,000 1 RPTTF I -I -I -1 3.500 1 -1 1$ 3,500 1 Agency Owned Property I Various (Various contractors (Property Maintenance and Insurance I Grand Terrace Prot Area 1 '30,000 1 6,000 1 RPTTF 1 500 1 Soo 1 - 500 1 500 1 500 1 500 1$ 3,000 1 Annual Audit and Reporting I On-going IRogers Anderson Malodv(Required annual auditing services I Grand Terrace Pro)Area 1 70.000 1 15,000 1 RPTTF 1 -1 7,500 1 -I -I -I -I S 7,500 1 Professional Services I On-going (contractors (Prof Svcs-Agency Dissolution-Oversight I Grand Terrace Pro!Area l 200.0001 50.0001 RPTTF I -1 10,000I 10.0001 10.000'1 10,0001 10,0001$ 50,0001 Professional Services I On-going ISpecial Counsel .(Oversight Board Legal Consulting I Grand Terrace Prot Area 1 140,000 1 35,000 1 RPTTF 1 2,916 1 2,916 1 '2,917 1 2.917 1 2,917 1 2,917 1$ 17,500 1 Professional Services 12/23/10&ongoing IHDL IPropertv tax allocation reconciliation I Grand Terrace Pro)Area 1 56,000 1 8,000 1 RPTTF I -I -I -1 1 2,500 1 5,500 1$ 8,000 I I I I I I I I I I I I I I$ I I I I I I I I I I I I I I$ I I I I I I I I I I I I I I$ I I I I I I I I I I I I I I$ I I I I I I I I I I I I I I$ I I I I I I I I I I I I I I$ I I I I I I I I I I I I I I$ I I I I I I I I I I I I I I$ I I I I I I I I I I I I I I$ I I I I I I I I I I I I I I$ I I I I I I I I I I I I I I Totals-This Page(RPTTF Funding) $ 60.777,174 1 S 5,446.351 1 NIA 1$ 9,276 1$1,947,759 13 33,090 1$ 30,090 1$ 39,090 1$1.780,471 1$ 3,839,776 Totals-Page 2(Other Funding) $ 21,964,319 1$ 2.471,862 1 NIA 1$ 80,000 I$• 80,000 1$ 80,00 1$130,000 1$105,000 1$1,568,167 1$ 2,043,167 Totals-Page 3(Administrative Cost Allowance) $ 13,765,000 1 S 594.076 1 WA 1$ 49,50B 1$ 49,508 1$ 49,508 1$ 49,508 1 S 49,508 1 S 49,506 1$ 297,046 Totals-Page 4(Pass Thru Payments) $ -I$ -.I N/A 1$ -I$- -I$ -I$ -I$ -I$ -I$ - I I I I I 1 I I I Grand total-All Pages 1$ 86,496.493 1 S 8.512,288 WA $138.784 1$2,077,267 1$ 162,598 1$209,598 1$193,598 1$3,398,144 1$ 6,179,989 • The Preliminary Draft Recognized Obligation Payment Schedule(ROPS)Is to be completed by 311/2012 by the successor agency,and subsequently be approved by the oversight board before the final ROPS Is submitted to the State Controller and State Depart All totals due during fiscal year and payment amounts are projected. --Funding sources from the successor agency:(For fiscal 2011-12 only,references to RPTTF could also mean tax Increment allocated to the Agency prior to February 1,2012.) RPTTF-Redevelopment Property Tax Trust Fund Bonds-Bond proceeds Other-reserves,rents,Interest earnings,etc LMIHF-Low and Moderate Income Housing Fund Admin-Successor Agency Administrative Allowanct - Name of Redevelopment Agency: COMMUNITY REDEVELOPMENT AGENCY OF GRAND TERRACE-RR34 FORM B-AII Revenue Sources Other Than Redevelopment Property Tax Trust Fund(RPTTF) Project Area(s) RDA Project Area All-GRAND TERRACE PROJECT AREA DRAFT RECOGNIZED OBLIGATION PAYMENT SCHEDULE Per AB 26-Section 34177(') Total Total Due Payable from Other Revenue Sources Outs nts th Aug Sep Oct Nov Dec Project Name/Debt Obligation Contract/Agreement Date nt I Payee I Description I ProiectArea I ObligatDbt long 12012-20r Year13-sourceFund ) 2012 I 01 I 202PaIme012y1on2012 I 012 I Total I I I 22.0)IGrand Terrace Project Area :Bond indent/Tax Cert! 12011A Bond Indenture-Public Infrastructure I Grand Terrace Proi Area I 13,510.5681 1 Bonds I I I I 1 I I 22.1)1 Michigan Street Improvements:design and ROW acq. 1 3/13/2012 Webb&Assoc 12011A Bond Indenture-Public Infrastructure I Grand Terrace Proi Area 1 1 9013,6951 Bonds 1 80.0001 80,0001 80.0001 80,0001 80,0001 80.0001 480.000 22.2)1 Southwest project area:Infrastructure study and design (Bond indent/Tax CertlTo be named 12011A Bond Indenture-Public Infrastructure I Grand Terrace Pro!Area I I I Bonds I I I I I I 1 0 22.3)1 Southwest project area:Infrastructure construction IBond indent/Tax CertlTo be named 12011A Bond Indenture-Public Infrastructure I Grand Terrace Proi Area I I I Bonds I I I I I I I 0 22.4)I Barton Road Infrastructure Improvements (Bond indent/Tax CertlTo be named 12011A Bond Indenture-Public Infrastructure I Grand Terrace Prol Area I 1 100,0001'Bonds I I 1 1 50,0001 25,0001 25,0001 100,000 22.5)I Michigan Street Improvements:construction (Bond indent/Tax CertlTo be named 12011A Bond Indenture-Public Infrastructure I Grand Terrace Pro!Area I I I Bonds I I I 1 I I I 0 22.6)1 Union PacifictBarton Road bridge construction IBond indent/Tax Carl To be named I2011A Bond Indenture-Public Infrastructure I Grand Terrace Proi Area I I I Bonds I I I 1 I I I 0 22.7)1 Strom drain&street rehab:Van Buren,Pico,and Main St. Mond indent/Tax CertlTo be named 12011A Bond Indenture-Public.Infrastructure I' Grand Terrace Proj Area I I I Bonds I I I 1 I 1 I 0 22.8)1 Mt.Vernon slope stabilization IBond Indent/Tax CertlTo be named 12011A Bond Indenture-Public Infrastructure I Grand Terrace Proi Area I I I Bonds I I I 1 I I I 6 122.9)I Vista Grande Park construction IBond indenVTax Cert! be named 12011A Bond Indenture-Public Infrastructure I Grand Terrace Prol Area I I I Bonds I I I I I I I 0 123,0)1Grand Terrace Project Area (Bond indent/Tax Cert! 120118 Bond Indenture-Public Infrastructure I Grand Terrace Proi Area I 3,622,764 I I Bonds I I I I I I I 123.1)1 Land Assembly Southwest mixed use area [Bond indentfTax CertlProp Owners 12011E Bond Indenture-Public Infrastructure l Grand Terrace Proi Area I I 50D,0001 Bonds I I I I 1' 1 500,0001 500,000 1 23.2)I Lend Assembly on Barton Road (Bond indent/Tax CertlProp Owners 12011E Bond Indenture-Public Infrastructure I Grand Terrace Proi Area I I 50D,0001 Bonds I I I I I 1 500.0001 500,000 1 23.3)12004 Tax Allocation Bonds :Debt Service on 2004 CRA Tex AIIoc Bonds(to be paid from Bond Reserve) I Grand Terrace Proi Area 1 1,300,0001 1.300.0001 Bonds I 1 1 1.300,0001 1 1 1 1,300.000 1 23.4)12004 TABS Reserve 1 2004 INIA Mond Reserve Requirement I Grand Terrace Proi Area I 11,30D,000 1 -1.300,0001 Bonds 1 1 1-1.300,0001 1 1 1-1,300,0001 1 23.5)12011A TABS Reserve 1 2011 INIA -IBond Reserve Requirement I Grand Terrace Proi Area 1 1.280.8941 01 Bonds I I I I 1 I I 01 1 23.6)12011B TABS Reserve 1 2011 INIA IBond Reserve Requirement I Grand Terrace Prol Area 1 476.9061 01 Bonds I I I I 1 I I 01 123.7)ILow Mod Property Purchase ITBA (Housing Author!Purchase pmperty-commercial district I Grand Terrace Pro!Area 1 463,1671 463.1671 Other I I I I 1 1 463,1671 '463,1671 DI of 01 I I I I I I I I I I I I I I I I D I I I I I I I I I I I I I I I I ti I I I I I I I I I I I I I I I I u I I I I I I I I I I I I I I I I 0 I I I I I I I I I I I I I I I I 0 I I I I I I I I I I I I 1 I I I o I I I I I I I I I I I I I I I I li I I I I I I I I I I I I I I I 0 I I I I I I I I I I I I I I I u D I I I I I I I I I I I I I I I D. I I I I I I I I I I I I I I I Totals-LMIHF ! -1 I I I I I I I I 0 Totals-Bond Proceeds I 21.491.152 1 2.008.695 1 I 80,000 1 00.000 1 80,000 1 130.0001 105,000 1 1,105.000 1 1,580.000 Totals-Other 463.1671 1 463,1671 1 I -I 1 -I -I I -1 -I 1 463,167 I 1 463.167 I I I 1 Grand total-This Page 21,954.319 1 2.471,862�-1 80,000 1 80,000 1 80,000 1 130,000 1 105,000 1 1,568,1671 2,043,1671 ' The Preliminary Draft Recognized Obligation Payment Schedule(ROPS)is to be completed by 311/2012 by the successor agency,and subsequently be approved by the oversight board before the final ROPS is submitted to the State Controller and State Depart •'All total due during fiscal year and payment amounts are projected. '"Funding sources from the successor agency:(For fiscal 201142 only,references to RPTfF could also mean tax increment allocated to the Agency prior to February 1,2012.) RPTTF-Redevelopment Property Tex Trust Fund Bonds-Bond proceeds Other-reserves,rents,interest earnings,etc LMIHF-Low and Moderate Income Housing Fund Admin-Successor Apency Administrative Allowance Name of Redevelopment Agency: COMMUNITY REDEVELOPMENT AGENCY OF GRAND TERRACE-RR34 FORM C-Administrative Cost Allowance Paid With Redevelopment Property Tax Trust Fund(RPTTF) ProjectArea(s) RDA Project Area All GRAND TERRACE PROJECT AREA DRAFT RECOGNIZED OBLIGATION PAYMENT SCHEDULE Per AB 26-Section 34177(•) Total Due Total Outstanding During Fiscal Debt or Year Funding Project Area Obligation 2012-2013•• Source•' Payable from the Administrative Allowance Allocation'•'• Payments by month Jul Aug Sep Oct Nov Dec Project Name/Debt Obligation Payee Description I 012 2012 I 2012 I 012 I 012 I 2012 I Total I I I I I I I I I I I I I I 24)1Employee Costs )City of Grand Terrace IAgency direct employee costs I Grand Terrace Proj Area 1 4,945,000 1 215,000 1 RPTTF 1 17,917 1 17.9171 17,917 1 17,917 1 17,917 1 17,915 1$ 107,500 25)IEmployee Costs (City of Grand Terrace IAgency direct employee costs-PERS I Grand Terrace Pro!Area 1 1.000,000 1 39.075 1 RPTTF 1 3,256 1 3,256 1 3.256 1 3.256 1 3.256 1 3,256 1$ 19,536 26)I0ffice Rent/Cost Allocation (City of Grand Terrace IG&A indirect overhead cost allocation-34% I Grand Terrace Proi Area 1 7,369,900 1 321,300 I RPTTF/Other) 26,775 1 26,775 1 26,775 1 26.775 1 26,775 1 26,7751$ 160,650 1 27)ICost Allocation-Adm O/H Liab Ins )City of Grand Terrace IG&A Admin indirect O/H Insurance-34% 1 Grand Terrace Proj Area 1 430,100 1 18.700 1 RPTTF/Other) 1.560 1 1.560 1 1.560 1 1.560 1 1,560 1 1.560 1$ . 9,360. I I I I I I I I I I I I 1 1 1$ I I I I I I I I I I I I 1 1 1$ I I I I I I I I I I I I 1 1 1$ I I I I I I i I I I I I 1 1 1$ I I I I I I I I I I I I 1 1 1$ I I I I I I I I I I I I Is - I I I I I I I I I I I I I 1 1$ I I I I I I I I I I I I I 1 1$ 1 I . 1s I I I I I I I I I I I I 1 1 1$ I I I I I I I I I I I I I 1 1$ I I I I I I I I I I I I I 1 1$ I I I I I I I I I I I I 1 1 1$ I I I I I I I I I I I I 1 1 1$ I I I I I I I I I I I I 1 1 1$ I I I I I I I I I I I I 1 1 1$ I I I I I I I I I I I I 1 1 1$ I I I I I I I I I I I I I 1 1$ I I I I I I I I I I I I I I$ - I 1$ I I I I I I I I I I I I 1 1$ I I I I I I I I I I I I 1 1$ I I I I I I I I I I I I 1 1$ I I I I I I I I I I I I 1 1$ I I I I I I I I I I I 1 1 1$ I I I I I I I I I I I I 1 1$ I I I I I I I I I I I I 1 1$ I I I I I I I I I I I I 1 1$ I I I I I I I I I I I 1 1 1$ I I I I I I I I I I I I 1 1$ I I I I I I I I I I I I I I I ITotals-This Paqe I I I 1 13.765,000 1 594,0751 1 49,5081 49,5081 49,508 1 49,6081 49,6081 49.5061 297,0461 The Preliminary Draft Recognized Obligation Payment Schedule(ROPS)is to be completed by 3/1/2012 by the successor agency,and subsequently be approved by the oversight board before the final ROPS is submitted to the State Controller and State Depart ••All total due during fiscal year and payment amounts are projected. —Funding sources from the successor agency: (For fiscal 201142 only,references to RPTTF could also mean tax Increment allocated to the Agency prior to February 1,2012.) RPTTF-Redevelopment Property Tax Trust Fund Bonds-Bond proceeds Other-reserves,rents,Interest earnings,etc LMIHF-Low and Moderate Income Housing Fund Admin-Successor Agency Administrative Allowance I—-Administrative Cost Allowance caps are 5%of Form A 6-month totals In 2011-12 and 3%of Form A 6-month totals In 201243. The calculation should not factor In pass through payments paid for with RPTTF in Form D. l Name of Redevelopment Agency: COMMUNITY REDEVELOPMENT AGENCY OF GRAND TERRACE-RR34 FORM D-Pass-Through Payments Project Area(s) RDA Project Area All GRAND TERRACE PROJECT AREA OTHER OBLIGATION PAYMENT SCHEDULE " Per AB 26-Section 34177(') Total Total Due Outstanding During Fiscal Debtor Year Source of Obligation 2012-2013" Fund••' Pass Through and Other Payments.... Payments by month Jul Aug Sep Oct Nov Dec Project Name/Debt Obligation Payee Description Project Area 012 I 2012 I 2012 I 012 I 012 I 012 I Total I I I IPass-through-County Administered after 1/31/2012 1 1 1 1 I I I I I 1 $0. 128)IStatutory Pass Through (City of Grand Terrace Wass-through-Statutory after 1/31/2012 1 1 1 1 1 I I I I I 1 $0. 129)IStatutory Pass Through ISan Bernardino Comm Coll IColton Joint Unified School District after 1/31/2012 1 1 1 1 I I I I I 1 $0 130)INegottated Pass Through IColton Joint USD I I I I I I I I I 1 I I $0 131)1Pass Through Administered by County ITaxing entities I 1 1 I I I I I 1 I I I $0 I I I I I I I I I I I I I I 1 $0 I I I I I I I I I I I I I I I $01 I I I I I I I I I I I I I I 1 $ol I I I I I I I I I I I I I I I $o I I I I I I I I I I I I I I $o I I I I I I I I I I I I ( I $o I I I I I I I I I I I I I I $o I I I San Bernardino County Auditor-Controller will be administering all pass throughs after $0 I I I January 31,2012 $0 I I I I I I I I I I I I I I $0 I I I I I I I I I I I I I I so I I I I I I I I 1 I I I I I so I I I I I I I I 1 I I I I I $o I I I I I I I I I I I I I I $0 I I I I I I I I I I I I I I so I I I I I I I I I I I I I I so I I I I I I I I I' I I I I I so I I I I I I I I I I I I I I $0 I I I I I I I I I I I I I I $o I I I I I I I I I I I I I I I so I I I I I I I I I I I I I I I so I I I I I I I I I I I I I I I so, $D I I I I I I I I I I I I I I I so] 1Totals-Other Obligations 1$ -1$ -I I$ -I$ -1$ -I$ -I$ -I$ -I $0 The Preliminary Draft Recognized Obligation Payment Schedule(ROPS)is to be completed by 3/1/2012 by the successor agency,and subsequently be approved by the oversight board before the final ROPS Is submitted to the State Controller and State '• All total due during fiscal year and payment amounts are projected. —Funding sources from the successor agency: (For fiscal 201142 only,references to RPTTF could also mean tax Increment allocated to the Agency prior to February 1,2012.) RPTTF-Redevelopment Property Tax Trust Fund Bonds-Bond proceeds Other-reserves,rents,Interest earnings,etc LMIHF-Low and Moderate Income Housing Fund Admin-Successor Agency Administrative Allowance •"-Only the January through June 2012 ROPS should Include expenditures for pass-through payments.Starting with the July through December 2012 ROPS,per HSC section 34183(a)(1),the county auditor controller will make the required pass-through paym s CITY OF GRAND TERRACE AS SUCCESSOR AGENCY TO COMMUNITY REDEVELOPMENT AGENCY OF GRAND TERRACE SUMMARY OF ROPS OBLIGATIONS -FOR PERIOD JULY 1,2012 TO DECEMBER 31, 2012 Total Due During ROPS Total Due During - Period *** Total Outstanding Fiscal Year 7/1/12 to Funding Project Area Debt or Obligation 2012-2013** 12/31/12 Source Description I I I I IBond Debt Service 1 Grand Terrace Proi Areal 40,561,914 1 4,996,6641 3,696,6641 RPTTF. IBond Debt Service(from Trustee Reservesl Grand Terrace Proi Areal -4,357,800 1 (1,300,000)1 (1,300,000)l BP RefinancingBank Loan Payments Areal COP Debt) l Grand Terrace P of Area RPTTF Other Obligations 6,856,008 l 1,259,424 l 1,012,9891 RPTTF lOn-goinq contracts 1 Grand Terrace Proi Areal 443,200 1 50,4151 45,2751 RPTTF (Consulting Services/Professional Svcs. I Grand Terrace Proi Areal 495,0001 185,0001 130,0001 RPTTF IProperty Purchase l Grand Terrace Proi Areal 463,1671 463,1671 463,1671 RPTTF IBond Project Expenditures 1 Grand Terrace Proi Areal 17,133,352 1 2,008,695 1 1,580,0001 BP lAdministrative Costs l Grand Terrace Proi Areal 13,765,000 1 594,0751 250,0001 RPTTF lAdministrative Costs I Grand Terrace Proi Areal 1 1 47,046 1 Other IPass-Through Payments-Overlapping Agencies 1 TBD 1 TBD 1 TBD 1 RPTTF 1 1 TOTAL RECAP 1 86,496,493 l 8,612,2881 6,179,9891 I I I I 1 TOTAL BY FUNDING SOURCE I I ( I I lRedevelopment Property Tax Trust Fund I l - 51,240,341 1 7,209,5181 5,602,943 1 RPTTF 1Low and Moderate Inc Housing Fund I I 0 l 0 1 0 I LMIHF - lBonds-Bond Proceeds 1 I 21,491,152 1 708,6951 280,0001 BP lAdministrative Costs-Allowance 1 1 5,500,0001 250,0001 250,0001 RPTTF (Administrative Costs-Other 1 1 8,265,000 1 344,075 1 47,046 1 Other 1 TOTAL BY FUNDING SOURC4 86,496,493 1 8,512,2881 6,179,9891 1���