02-01-2016 - Special Meeting .4741 CITY OF GRAND TERRACE
wg-i'"1-41cali _ OVERSIGHT BOARD:FOR THE SUCCESSOR AGENCY OF THE:GRAND
TERRACE COMMUNITY REDEVELOPMENT AGENCY
AGENDA • FEBRUARY 1, 2016
Council Chambers Special Meeting 4:00 PM
Grand:Terrace Civic Center• 22795 Barton Road
CALL TO ORDER
Pledge of Allegiance
ROLL CALL
Attendee Name..' Present Absent I' 'Late• Arrived
Chair Darcy:McNaboe 0 ❑ 0
Vice Chair Chuck Morga 0 0 0
Board Member Cindy Saks ❑ 0 0
Board Member Bobbie Forbes 0 ❑ ❑
Board Member Jose Torres 0 ❑ 0
Board.Member Adreane Freeman ❑ 0 0
A. PUBLIC COMMENT
This is the opportunity for members of the public to comment on any items not
appearing on :the regular agenda. Because of restrictions contained in California Law,
the Oversight Board may not discuss or act on any item not on the agenda, but may
briefly respond to statements made or ask a question for clarification. The Chairman
may also request a brief response from staff to questions raised during public comment
or may request a matter be agendized for a future meeting.
B. NEW BUSINESS
1. Approval of Successor Agency's Recognized Obligation Payment Schedule (ROPS) 16-
17 in the Amount of$1,343,240
RECOMMENDATION:
1. Adopt the Successor Agency's Recognized Obligation Payment Schedule (ROPS)
16-17 in the amount of$2,229,288.
2. ADOPT RESOLUTION NO. 2015-XX, A RESOLUTION OF THE 'OVERSIGHT
BOARD. FOR THE SUCCESSOR AGENCY TO COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF GRAND TERRACE APPROVING: A RECOGNIZED
OBLIGATION PAYMENT SCHEDULE COVERING THE PERIOD.JULY 1, 2016 TO
JUNE 30, 2017 (ROPS 16-17) AS REQUIRED BY HEALTH:AND SAFETY CODE
SECTION 34177.
DEPARTMENT: FINANCE
City of Grand Terrace Page 1
DOF Approval 2 10 10 22 3,520 is
Draft Agreements 2 10' - 12 :2,270 di
Escrow-Coord.&Closing 2 4 6 12
_ _ 1,940
(Totals 12 . 69 74 ]55 $200—_�$1,000 $25,690: C
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'BETTER'COM MUNITIES.
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RSG would act as a real estate advisor to help the Successor Agency market the properties, solicit offers,
review and analyze offers and potential buyers, and make a final purchase offer selection. RSG would m
then work with the City Attorney to prepare the purchase and sale agreement ("PSA")-and assist with E
Successor Agency, Oversight Board, and DOF approvals of the purchase offer. RSG is a licensed broker
ea
and essentially, RSG would be performing the functions of a broker, with the benefit of also providing a
advisory services throughout the process to the City, Successor Agency, and Oversight Board. However,
RSG would be working on.a time and materials basis and not on a commission basis.
lit
-BETTER COMMUNITIES.
_- :BOLDER FUTURES.
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by mail shall be addressed as follows:
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A Attachment:Grand Terrace_ROPS_15-16B (1769:Successor Agency's Recognized Obligation Payment Schedule(ROPS)15-16B)
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•_ 51 SERAF Loan LMIHF-Reserve SERAF/ERAF 4/26/2011 4/26/2016 LMIHF Repayment of loan for SERAF- Grand Terrace N 448,636 S' 448,61'-
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Agenda Oversight Board February 1, 2016
C. BOARD MEMBER REPORTS
ADJOURN
The Next Regular Oversight Board Meeting on Wednesday, February 3, 2016 at 4:00
PM has been cancelled.
The :Next Scheduled Regular Oversight Board Meeting will be held on Wednesday,
February 17,-2016 at 4:00 PM.
Agenda item requests must be submitted in writing to the City Clerk's office no later
than 14 calendar days preceding the meeting.
City of Grand Terrace Page 2
F)
• -Real Estate Services (DOCX)
APPROVALS:
Sandra'Molina: Completed 11/19/2015.6:19 PM
City Attorney Completed 11/24/2015 5:14 PM
Finance - Completed 11/24/2015 5:21 PM
City Manager Completed 11/25/2015 5:15.PM
Oversight Board Pending 1 2/02/201 5 4:00 PM
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City of Grand Terrace Page 2
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u PL AGENDA REPORT
MEETING DATE: February 1, 201.6 Successor Agency Item
TITLE: Approval of Successor Agency's Recognized Obligation
Payment Schedule (ROPS) 16-17 in the Amount of
$.1,343,240
PRESENTED BY: Cynthia Fortune, Finance Director
RECOMMENDATION: 1. Adopt the Successor Agency's Recognized Obligation
Payment Schedule (ROPS) 1.6-17 in the amount of
$2,229,288.
2. ADOPT RESOLUTION NO. 2015-XX, A RESOLUTION
OF THE OVERSIGHT BOARD FOR THE SUCESSOR
AGENCY TO COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF GRAND TERRACE APPROVING A
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
COVERING THE PERIOD JULY 1, 2016 TO JUNE 30, 2017
(ROPS 16-17) AS REQUIRED BY HEALTH AND SAFETY
CODE SECTION 34177.
2030 VISION STATEMENT:
This staff report supports City Council Goal #1, "Ensuring Our Fiscal Viability" through
the continuous monitoring of revenue receipts and expenditure disbursements against
approved budget appropriations.
BACKGROUND:
Redevelopment dissolution and wind-down legislation (ABx1 26 and AB 1484) required
successor agencies to submit a Recognized. Obligation Payment Schedule (ROPS)
covering each six-month period, following review and approvalof the ROPS by their
respective Oversight Boards. The Agency has submitted 6-month ROPS requests to
the California Department of Finance(DOF) since February 1, 2012.
Effective January 1, 2016, ROPS schedules will be submitted on an annual basis
covering the upcoming fiscal year from July 1st to June 30th. The annual ROPS will be
due to the DOF on February 1st of each year.
The next ROPS, ROPS 2016-17 is due to the DOF on February 1, 2016, and covers the
reporting period July 1, 2016 — June 30, 2017. The attached detailed ROPS includes
two (2) 6-month periods:
1. ROPS 16-17A—July 1, 2016— December 31, 2016; and
2. ROPS 16-17B—January 1, 2017—June 30, 2017.
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�$1,000 $25,690: C
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'BETTER'COM MUNITIES.
BOLDER SUTURES. '
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RSG would act as a real estate advisor to help the Successor Agency market the properties, solicit offers,
review and analyze offers and potential buyers, and make a final purchase offer selection. RSG would m
then work with the City Attorney to prepare the purchase and sale agreement ("PSA")-and assist with E
Successor Agency, Oversight Board, and DOF approvals of the purchase offer. RSG is a licensed broker
ea
and essentially, RSG would be performing the functions of a broker, with the benefit of also providing a
advisory services throughout the process to the City, Successor Agency, and Oversight Board. However,
RSG would be working on.a time and materials basis and not on a commission basis.
lit
-BETTER COMMUNITIES.
_- :BOLDER FUTURES.
Packet.Pg.24
by mail shall be addressed as follows:
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A Attachment:Grand Terrace_ROPS_15-16B (1769:Successor Agency's Recognized Obligation Payment Schedule(ROPS)15-16B)
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•_ 51 SERAF Loan LMIHF-Reserve SERAF/ERAF 4/26/2011 4/26/2016 LMIHF Repayment of loan for SERAF- Grand Terrace N 448,636 S' 448,61'-
Reserve v
52 N 5
54 N '5 1
54 -
. 55 N $ E
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Following approval by the Oversight Board, ROPS 16-17 will be submitted to the DOF.
DISCUSSION:
The primary purpose of each ROPS is to identify enforceable obligations to be paid from
former property tax increment receipts, which are held by the County Auditor-Controller
in the Redevelopment Property Tax Trust Fund (RPTTF). Since the dissolution of
redevelopment agencies, property tax increment is distributed to agencies subject to
available funds and an approved ROPS. Any line items reported on the ROPS that are
denied by the DOF will not receive property tax distribution.
As shown on the ROPS. 16-17 summary, Enforceable Obligations totaling $2,229,288
are reported for each six-month period as follows:
Description ROPS ROPS TOTAL
16-17A 16-17A
Administrative Allowance $125,000 $125,000 $250,000
Non-administrative RPTTF:
• Bond.Principal and Interest—2011A 713,923 397,723 1,111,646
• Bond Principal and Interest—2011 B 464,755 164,460 629,215
• Trustee Fees& Bond compliance report 4,300 0 4,300
requirements
• Professional Services—Weed Abatement 790 790 1,580
• San Bernardino Valley Municipal Water
District(SBCMWD) Debt Service 0 _ 234,127 234,127
Agreement Payment
TOTAL ROPS 16-17 $1,308,768 $922,100 $2,230,868
FISCAL IMPACT:
Of the total amount of$2,229,288, it is estimated that sufficient funding will be:available
from the RPTTF to pay for Enforceable Obligations reported on ROPS 16-17 totaling
$2,229,288.
ATTACHMENTS:
• Resolution Approving ROPS 16-17 (DOC)
• Grand Terrace_ROPS_16-17 (PDF)
APPROVALS:
Cynthia Fortune Completed 01/27/2016 4:49 PM
Finance Completed 01/27/2016 4:49-PM
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vers the
reporting period July 1, 2016 — June 30, 2017. The attached detailed ROPS includes
two (2) 6-month periods:
1. ROPS 16-17A—July 1, 2016— December 31, 2016; and
2. ROPS 16-17B—January 1, 2017—June 30, 2017.
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�$1,000 $25,690: C
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'BETTER'COM MUNITIES.
BOLDER SUTURES. '
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cu
RSG would act as a real estate advisor to help the Successor Agency market the properties, solicit offers,
review and analyze offers and potential buyers, and make a final purchase offer selection. RSG would m
then work with the City Attorney to prepare the purchase and sale agreement ("PSA")-and assist with E
Successor Agency, Oversight Board, and DOF approvals of the purchase offer. RSG is a licensed broker
ea
and essentially, RSG would be performing the functions of a broker, with the benefit of also providing a
advisory services throughout the process to the City, Successor Agency, and Oversight Board. However,
RSG would be working on.a time and materials basis and not on a commission basis.
lit
-BETTER COMMUNITIES.
_- :BOLDER FUTURES.
Packet.Pg.24
by mail shall be addressed as follows:
Page 4 of 13
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.fl. 81 N
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A Attachment:Grand Terrace_ROPS_15-16B (1769:Successor Agency's Recognized Obligation Payment Schedule(ROPS)15-16B)
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•_ 51 SERAF Loan LMIHF-Reserve SERAF/ERAF 4/26/2011 4/26/2016 LMIHF Repayment of loan for SERAF- Grand Terrace N 448,636 S' 448,61'-
Reserve v
52 N 5
54 N '5 1
54 -
. 55 N $ E
. 56 N $ , c
57 N S
58 N $
59 N 5'
60 N - .5
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City Attorney Completed 01/27/2016 5:02 PM
City Manager Pending
Oversight Board Pending 02/01/2016 4:00 PM
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3, 2016 at 4:00
PM has been cancelled.
The :Next Scheduled Regular Oversight Board Meeting will be held on Wednesday,
February 17,-2016 at 4:00 PM.
Agenda item requests must be submitted in writing to the City Clerk's office no later
than 14 calendar days preceding the meeting.
City of Grand Terrace Page 2
F)
• -Real Estate Services (DOCX)
APPROVALS:
Sandra'Molina: Completed 11/19/2015.6:19 PM
City Attorney Completed 11/24/2015 5:14 PM
Finance - Completed 11/24/2015 5:21 PM
City Manager Completed 11/25/2015 5:15.PM
Oversight Board Pending 1 2/02/201 5 4:00 PM
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.
City of Grand Terrace Page 2
1.a:
RESOLUTION NO. 2015-
a
A RESOLUTION OF THE OVERSIGHT BOARD FOR THE SUCESSOR
AGENCY TO COMMUNITY REDEVELOPMENT AGENCY OF THE CITY d
OF GRAND TERRACE APPROVING A RECOGNIZED OBLIGATION
PAYMENT SCHEDULE COVERING THE PERIOD JULY 1, 2016 TO c
JUNE 30, 2017 (ROPS. 16-17) AS REQUIRED BY HEALTH AND r
SAFETY CODE SECTION 34177
WHEREAS, AB x1 26 required the dissolution of all redevelopment agencies in
the state; and 2
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WHEREAS, on January 10, 2012, the City adopted Resolution 2012-01 electing
to serve as the Successor Agency to the Grand Terrace Community Redevelopment
Agency ("Successor Agency") pursuant to 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
d
WHEREAS, the ROPS identifies the payment source of enforceable obligations
as payable from the Redevelopment Property Tax Trust Fund (RPTTF) and payable `o
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, 2016 to June 30, 2017 (ROPS 16-17), to be
submitted by February 1, 2016; 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, 2016
to June 30, 2017 (ROPS 16-17).. cc
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NOW THEREFORE, THE OVERSIGHT BOARD DOES RESOLVE,
DETERMINE, FIND AND ORDER AS FOLLOWS: a
SECTION 1. The Oversight Board finds that the above recitations are true and
correct and, accordingly, are incorporated as a material part of this Resolution.
a
SECTION 2. The Oversight Board finds that all obligations listed on the ROPS a
for the period July 1, 2016 to June 30, 2017 (ROPS 16-17) are true and correct and, c
accordingly, are hereby considered enforceable obligations.
0
SECTION 3. Pursuant to HSC Section 34177, the ROPS for the period July 1,
2016 to June 30, 2017, incorporated herein as Attachment A, ("ROPS 16-17") is hereby
approved and adopted.
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ffers and potential buyers, and make a final purchase offer selection. RSG would m
then work with the City Attorney to prepare the purchase and sale agreement ("PSA")-and assist with E
Successor Agency, Oversight Board, and DOF approvals of the purchase offer. RSG is a licensed broker
ea
and essentially, RSG would be performing the functions of a broker, with the benefit of also providing a
advisory services throughout the process to the City, Successor Agency, and Oversight Board. However,
RSG would be working on.a time and materials basis and not on a commission basis.
lit
-BETTER COMMUNITIES.
_- :BOLDER FUTURES.
Packet.Pg.24
by mail shall be addressed as follows:
Page 4 of 13
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N $
55 N ' $
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77 •.• . . .... . . N . . $ .. . -.
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A Attachment:Grand Terrace_ROPS_15-16B (1769:Successor Agency's Recognized Obligation Payment Schedule(ROPS)15-16B)
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•_ 51 SERAF Loan LMIHF-Reserve SERAF/ERAF 4/26/2011 4/26/2016 LMIHF Repayment of loan for SERAF- Grand Terrace N 448,636 S' 448,61'-
Reserve v
52 N 5
54 N '5 1
54 -
. 55 N $ E
. 56 N $ , c
57 N S
58 N $
59 N 5'
60 N - .5
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62 N $
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SECTION 4. The Executive Director is hereby authorized to make such non-
substantive changes and adjustments to ROPS 16-17, as attached, which may be
necessary and:appropriate.
d
SECTION 5. The Executive Director is hereby directed to take all necessary and
co
appropriate acts to submit the ROPS 1:6-17 to the California Department of Finance,
State Controller's Office, San Bernardino County Auditor-Controller, and any other
agency by the February 1, 2016 submittal deadline. The Executive Director is further
authorized to perform all acts necessary and appropriate which may be required by the
California Health & Safety Code. This:includes, but is not limited to the requirements set 2
forth by the California Department of Finance; the San Bernardino County Auditor- CD
Controller, or any other applicable agency. o
SECTION 6. The Oversight Board Secretary shall certify to the adoption of this
Resolution.
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PASSED APPROVED AND ADOPTED this day of , 2016 by the
following vote:
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AYES: - c
NOES:
ABSENT:
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ABSTAIN:
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Darcy McNaboe,
Oversight Board Chair
ATTEST:
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Pat Jacques-Nares, 0' 0.
Oversight Board Secretary
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Payment Schedule for the period July 1, 2016
to June 30, 2017 (ROPS 16-17).. cc
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NOW THEREFORE, THE OVERSIGHT BOARD DOES RESOLVE,
DETERMINE, FIND AND ORDER AS FOLLOWS: a
SECTION 1. The Oversight Board finds that the above recitations are true and
correct and, accordingly, are incorporated as a material part of this Resolution.
a
SECTION 2. The Oversight Board finds that all obligations listed on the ROPS a
for the period July 1, 2016 to June 30, 2017 (ROPS 16-17) are true and correct and, c
accordingly, are hereby considered enforceable obligations.
0
SECTION 3. Pursuant to HSC Section 34177, the ROPS for the period July 1,
2016 to June 30, 2017, incorporated herein as Attachment A, ("ROPS 16-17") is hereby
approved and adopted.
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ffers and potential buyers, and make a final purchase offer selection. RSG would m
then work with the City Attorney to prepare the purchase and sale agreement ("PSA")-and assist with E
Successor Agency, Oversight Board, and DOF approvals of the purchase offer. RSG is a licensed broker
ea
and essentially, RSG would be performing the functions of a broker, with the benefit of also providing a
advisory services throughout the process to the City, Successor Agency, and Oversight Board. However,
RSG would be working on.a time and materials basis and not on a commission basis.
lit
-BETTER COMMUNITIES.
_- :BOLDER FUTURES.
Packet.Pg.24
by mail shall be addressed as follows:
Page 4 of 13
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e 2 of 13
',.Packet Pg:12
N $
55 N ' $
56 N $ ' -
' 57 N $
'58 - N $
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'63 _ N $ '
' 64 N $
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. . 76 .. .. N - - - . $ . .
77 •.• . . .... . . N . . $ .. . -.
78. N • $•
79 N '$ ,.
=.60 - N $ ' _
.fl. 81 N
51 82 N $ '
N -$ -
a 84 N $-
,'12 '85 N .5.
l0 86 N S 13
tS'
A Attachment:Grand Terrace_ROPS_15-16B (1769:Successor Agency's Recognized Obligation Payment Schedule(ROPS)15-16B)
-�'
•_ 51 SERAF Loan LMIHF-Reserve SERAF/ERAF 4/26/2011 4/26/2016 LMIHF Repayment of loan for SERAF- Grand Terrace N 448,636 S' 448,61'-
Reserve v
52 N 5
54 N '5 1
54 -
. 55 N $ E
. 56 N $ , c
57 N S
58 N $
59 N 5'
60 N - .5
61 N $
62 N $
63 N $
64 N $
. 65 N $
• .66 N 5
- 67 N 5
-68 N .5
69 N S .
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Recognized Obligation Payment Schedule.(ROPS) o
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For the Period July 1, 2016 to June 30, 2017
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certify to the adoption of this
Resolution.
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PASSED APPROVED AND ADOPTED this day of , 2016 by the
following vote:
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AYES: - c
NOES:
ABSENT:
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ABSTAIN:
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Darcy McNaboe,
Oversight Board Chair
ATTEST:
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Pat Jacques-Nares, 0' 0.
Oversight Board Secretary
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Payment Schedule for the period July 1, 2016
to June 30, 2017 (ROPS 16-17).. cc
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NOW THEREFORE, THE OVERSIGHT BOARD DOES RESOLVE,
DETERMINE, FIND AND ORDER AS FOLLOWS: a
SECTION 1. The Oversight Board finds that the above recitations are true and
correct and, accordingly, are incorporated as a material part of this Resolution.
a
SECTION 2. The Oversight Board finds that all obligations listed on the ROPS a
for the period July 1, 2016 to June 30, 2017 (ROPS 16-17) are true and correct and, c
accordingly, are hereby considered enforceable obligations.
0
SECTION 3. Pursuant to HSC Section 34177, the ROPS for the period July 1,
2016 to June 30, 2017, incorporated herein as Attachment A, ("ROPS 16-17") is hereby
approved and adopted.
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ffers and potential buyers, and make a final purchase offer selection. RSG would m
then work with the City Attorney to prepare the purchase and sale agreement ("PSA")-and assist with E
Successor Agency, Oversight Board, and DOF approvals of the purchase offer. RSG is a licensed broker
ea
and essentially, RSG would be performing the functions of a broker, with the benefit of also providing a
advisory services throughout the process to the City, Successor Agency, and Oversight Board. However,
RSG would be working on.a time and materials basis and not on a commission basis.
lit
-BETTER COMMUNITIES.
_- :BOLDER FUTURES.
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A Attachment:Grand Terrace_ROPS_15-16B (1769:Successor Agency's Recognized Obligation Payment Schedule(ROPS)15-16B)
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•_ 51 SERAF Loan LMIHF-Reserve SERAF/ERAF 4/26/2011 4/26/2016 LMIHF Repayment of loan for SERAF- Grand Terrace N 448,636 S' 448,61'-
Reserve v
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Recognized Obligation Payment Schedule(ROPS 16-17)-Summary to
Filed for the July 1,2016 through June 30,2017 Period a
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Successor Agency: Grand Terrace cc
d
County: San Bernardino v
d
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0
16-17A Total 16-17B Total to
Current Period Requested Funding for Enforceable Obligations(ROPS Detail) (July-December) (January-June) ROPS 16-17 Total m
_ E
A Enforceable Obligations Funded as Follows(B+C+D): ,$ $- - $ - n
e
B Bond Proceeds - 2
as
C Reserve Balance - - - ea
a
D Other Funds - - 0
d
E Redevelopment Property Tax Trust Fund(RPTTF)(F+G): $ _ 1,308,768 -$ 922,100- $ - 2,230,868 N
rn
F RPTTF 1,183,768 797;100 1:980,868 u
o
G Administrative RPTTF 125,000 ' 125,000, . - 250,000 H
H Current Period Enforceable Obligations(A+E): '$ 1,308,768 $ ' 922,100= $ - 2,230,868' o
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Certification of Oversight Board Chairman:
Pursuant to Section 34177(o)of the Health and Safety code,I hereby c-
certify that the above is a true and accurate Recognized Obligation Name Title
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Payment Schedule for the above named successor agency.
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of a broker, with the benefit of also providing a
advisory services throughout the process to the City, Successor Agency, and Oversight Board. However,
RSG would be working on.a time and materials basis and not on a commission basis.
lit
-BETTER COMMUNITIES.
_- :BOLDER FUTURES.
Packet.Pg.24
by mail shall be addressed as follows:
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A Attachment:Grand Terrace_ROPS_15-16B (1769:Successor Agency's Recognized Obligation Payment Schedule(ROPS)15-16B)
-�'
•_ 51 SERAF Loan LMIHF-Reserve SERAF/ERAF 4/26/2011 4/26/2016 LMIHF Repayment of loan for SERAF- Grand Terrace N 448,636 S' 448,61'-
Reserve v
52 N 5
54 N '5 1
54 -
. 55 N $ E
. 56 N $ , c
57 N S
58 N $
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Grand Terrace ReCognIzed Obligation Payment Schedule CROPS 16-17)-HOPS Detail r.
July 1.2016 through June 30,2017 W
‘-'
-
(Report Amounts In Whole Dollars)
U.
A B C D E F G H I J K ,. Al N 0 P 0 to s T U V
'73:33,23;3',3,•:,..4:-.23,-., .3,..*-3,--,2-33:73,3,23....33.333-3 W Fe
1647A(July-December)- • • Ti-"2„,..._.:_r_.:.,:.'_;.:".....-.6160713/0entrardin-le1/. ___,-__,..,_,...x...4
Fund Sources Fund Sources 2
7
ContreetJAgreernmt Contract/Agreement Total Oublenang 1612A 16.1219 -0
Rome ProjoetNamalebtObreelion ONNationTyso EssoAlon Date Terminaren Date Payee Desolpilon1holect Scope Project Area Debtor 0000.n Retired ROPS1617102 Bost Prose. Reserve Barnum Mel Funds RPTTP AN.RPTTF Total Bond Proceeds Resorvo Mance Othor Funds RPTTF AttmlnRPTIT Total a)
. I 33105006 S 2200.660$ - $ -$ ',miss 5 12500 5 tam 265 157,3.33-_,...,..,-.3 43s7,3,373,,,,,15,,,$3..,.....cs Is,.0clren10011320233066.0001,6333,,1)684 •C
loon A MANI...Pa. _Sands havos1M,17/3r VW 1/1/2011 9/1/2031 US Bank Bond Pneciole MO Interest.ROA 24135047 N S 1111006 210 W3 S 712023 391.723, u 3,33.3,..33(4 0
2 201119 Tas rehab.B. Bonds Issued After 12131110 1/1/2011 01/2020 US Bark Band Punciple and Inter.on RDA 6,817,515 N $ 629,215 464,255 5 405155 104.460 133,"-,•.1.1 CO
Bo.
3 hustee Fees FOSS 1/1/2011 9/1/2633 US Ban4 Isotopes, 66.760 N $ 3,000 .. .7.--,,35- ,,,a C
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Grand Terrace Recognized Obligation Payment Schedule(ROPS 16-17)-Report of Cash Balances
co
(Report Amounts in Whole Dollars)
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Pursuant to Health and Safety Code section 34177(I),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 O
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)
m
A B C D E F G H I e
t
Fund Sources to
, e
Bond Proceeds Reserve Balance Other RPTTF 01
E
Prior ROPS Prior ROPS m
period balances RPTTF o-
Bonds issued on and DDR RPTTF distributed as Rent, Non-Admin .2
or before Bonds issued on balances reserve for future grants, and m
rn
Cash Balance Information by ROPS Period 12/31/10 or after 01/01/11 retained period(s) interest,etc. Admin Comments II'
0
ROPS 15-16A Actuals(07/01/15'-92131/15) 2
1 Beginning Available Cash Balance(Actual 07/01/15) N
19,639,913 co
2 Revenue/Income(Actual 12/31/15) d
RPTTF amounts should tie to the ROPS 15-16A distribution from the IY
County Auditor-Controller during June 2015 a
1,420,068 a
3 Expenditures for ROPS 15-16A Enforceable Obligations(Actual rn
12/31/15) Q
`o
N
in
1,420,068 0
o
4 Retention of Available Cash Balance(Actual 12/31/15) o
RPTTF amount retained should only include the amounts distributed as y
reserve for future period(s)
m
5 ROPS 15-16A RPTTF Balances Remaining - - , 'No entryr'equired ' '
c
6 Ending Actual Available Cash Balance -
CtoG=(1+2-3-4),H=(1;+2-3-4-5) - $ - $ 19,639,913 $ - $ $ - $ -
ROPS 15-16B Estimate(01/01/16-06/30/16) .. Wo
7 Beginning-Available Cash Balance(Actual 01/01/16) - _ yl
(C;D,E,G=4+6,F=H4+F4+F6,and H-=5+6)- , o
$ - $ 19,639,913 $ - $ $ $" O
8 Revenue/Income(Estimate 06/30/16) CZ
RPTTF amounts should tie to the ROPS 15-16B distribution from the
County Auditor-Controller during January 2016 975,280 1)
9 Expenditures for ROPS 15-16B Enforceable Obligations(Estimate i—
06/30/16) 975,280
10 Retention of Available Cash Balance(Estimate 06/30/16) (9
RPTTF amount retained should only include the amounts distributed as
reserve for future period(s) E
11 Ending Estimated Available Cash Balance(7.+8-9-10) u
. $ - $ '19,639,913 $ - $ $ - $ - ,
,_IPacket,Fg:1].
60 N .. .. $ . -
61 ., .. N ' $
62 _ N $ -
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A Attachment:Grand Terrace_ROPS_15-16B (1769:Successor Agency's Recognized Obligation Payment Schedule(ROPS)15-16B)
-�'
•_ 51 SERAF Loan LMIHF-Reserve SERAF/ERAF 4/26/2011 4/26/2016 LMIHF Repayment of loan for SERAF- Grand Terrace N 448,636 S' 448,61'-
Reserve v
52 N 5
54 N '5 1
54 -
. 55 N $ E
. 56 N $ , c
57 N S
58 N $
59 N 5'
60 N - .5
61 N $
62 N $
63 N $
64 N $
. 65 N $
• .66 N 5
- 67 N 5
-68 N .5
69 N S .
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