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HomeMy WebLinkAbout022515 OB SARDA AgendaIn compliance with the Americans with Disabilities Act, if you need special assistance to participate In this meeting, please contact the office of the City Clerk (951) 694-6444, Notification 48 hours prior to a meeting will enable the City to make reasonable arrangements to ensure accessibility to that meeting 128 CFR 35.102.35.104 ADA Title III, NOTICE/AGENDA OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY REGULAR MEETING COUNCIL CHAMBERS CONFERENCE ROOM 41000 MAIN STREET TEMECULA, CALIFORNIA FEBRUARY 25, 2015 — 6:30 PM Next in Order: Resolution: 15-01 CALL TO ORDER: Gary Thornhill, Chairperson Roll Call: Thornhill, Meyer, Gonzalez, Kelliher, Ordway -Peck, Sparkman, Turner PUBLIC COMMENTS A total of 15 minutes is provided so members of the public may address the Board on items that are not listed on the Agenda. Speakers are limited to three minutes each. If you desire to speak to the Board about an item not on the Agenda, a salmon colored "Request to Speak" form should be filled out and filed with the Board Secretary. When you are called to speak, please come forward and state your name for the record. For all other agenda items a "Request to Speak" form must be filed with the Board Secretary prior to the Board addressing that item. There is a three-minute time limit for individual speakers. NOTICE TO THE PUBLIC All matters listed under Consent Calendar are considered to be routine and all will be enacted by one roll call vote. There will be no discussion of these items unless Members of the Oversight Board request specific items be removed from the Consent Calendar for separate action. CONSENT CALENDAR Minutes RECOMMENDATION: 1.1 Approve the Minutes of September 25, 2013 1.2 Approve the Minutes of December 11, 2013 1.3 Approve the Minutes of October 1, 2014 BOARD BUSINESS 2 ,dot Deco nixed Obliclation iia n eat Schedules for the periodof July 1 2015 through December 31, 2015. (ROPS 15-16A) RECOMMENDATION: 2.1 Adopt a resolution entitled: RESOLUTION NO. OB SARDA 15-01 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY APPROVING A RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE PERIODS OF JULY 1, 2015 THROUGH DECEMBER 31, 2015 PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177 AND TAKING CERTAIN ACTIONS IN CONNECTION THEREWITH ADJOURNMENT Next regular meeting: Wednesday, March 11, 2015 6:30 PM, Council Chambers, 41000 Main Street, Temecula, California. Date Randi Jo-Clson, City Clerk/Secretary NOTICE TO THE PUBLIC: The Agenda will be available for viewing, prior to the meeting, at the Main Reception at City Hall — 41000 Main Street, Temecula, 8:00 — 5:00 PM as well as on the City's website — www.cltvoftemecula.org. Any staff report/written material pertaining to this meeting will be available, prior to the meeting, for public review at the Main Reception and at the respective meeting. Any Supplemental Material distributed to a majority of the Committee Members regarding any item on the Agenda, after the posting of the Agenda, will be available for public review at the Main Reception. In addition, such material will be made available for review at the respective meeting. If you have any questions regarding any item of business on the Agenda for this meeting, please contact City Hall — 951-694-6444. ITEM 1 ACTION MINUTES OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY REGULAR MEETING COUNCIL CHAMBERS 41000 MAIN STREET SEPTEMBER 25, 2013 — 6:30 PM Next in Order: Resolution: 13-04 CALL TO ORDER: Gary Thornhill, Vice Chairperson Roll Call: Thornhill, Gonzalez, Kelliher, Ordway -Peck, Sparkman PUBLIC COMMENTS NO SPEAKERS NOTICE TO THE PUBLIC All matters listed under Consent Calendar are considered to be routine and all will be enacted by one roll call vote. There will be no discussion of these items unless Members of the Oversight Board request specific items be removed from the Consent Calendar for separate action. CONSENT CALENDAR Minutes RECOMMENDATION: 1.1 Approve the Minutes of June 12, 2013. ITEM WAS CONTINUED TO NEXT MEETING DUE TO INSUFFICIENT QUORUM FROM MEETING OF JUNE 12, 2013. BOARD BUSINESS 2 Make a Finding that the 6��' Street Promissory Note between the City of Temecula and the former Temecula Redevelopment Agency was for legitimate Redevelopment purposes. APPROVED BY A 5-0 VOTE. VOTE REFLECTED UNANIMOUS APPROVAL. RECOMMENDATION: 2.1 Adopt a resolution entitled: RESOLUTION NO. OB SARDA13-04 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY MAKING A FINDING, PURSUANT TO HEALTH AND SAFETY CODE 34191.4 (B) (1), THAT THE PROMISSORY NOTE BETWEEN THE CITY OF TEMECULA AND THE FORMER TEMECULA REDEVELOPMENT AGENCY WAS FOR LEGITIMATE REDEVELOPMENT PURPOSES. 3 Adopt Recognized Obligation Payment Schedules for theperiod of July 1 2013 through December 31, 2013. (ROPS 13-14A) APPROVED BY A 5-0 VOTE. VOTE REFLECTED UNANIMOUS APPROVAL. RECOMMENDATION; 3.1 Adopt a resolution entitled: RESOLUTION NO. OB SARDA 13-06 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY APPROVING A RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE PERIOD OF JULY 1, 2013 THROUGH DECEMBER 31, 2013 PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177 AND TAKING CERTAIN ACTIONS IN CONNECTION THEREWITH 4 Adopt the Lona Range Property Management Plan and transmittal of the Long Range Propertv Management Plan on Accordance with Health and Safetv Code 34191.5 APPROVED BY A 5-0 VOTE. VOTE REFLECTED UNANIMOUS APPROVAL. RECOMMENDATION: 4.1 Adopt a resolution entitled: RESOLUTION NO. OB SARDA 13-05 A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY APPROVING THE LONG RANGE PROPERTY MANAGEMENT PLAN PREPARED BY THE SUCCESSOR AGENCY PURSUANT TO HEALTH AND SAFETY CODE SECTION 34191.5, DETERMINING THAT APPROVAL OF THE LONG RANGE PROPERTY MANAGEMENT PLAN IS EXEMPT FROM THE CALIFORNIA ENVIRONMENTAL QUALITY ACT, AND TAKING CERTAIN ACTIONS IN CONNECTION THEREWITH ADJOURNMENT Next regular meeting: Wednesday, October 9, 2013, 6:30 PM, in the Council Chambers, 41000 Main Street, Temecula, California. Gary Thornhill Chairperson Aaron Adams Executive Director ATTEST: Randi Johl-Olson, City Clerk/Secretary ACTION MINUTES OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY REGULAR MEETING COUNCIL CHAMBERS 41000 MAIN STREET DECEMBER 11, 2013 — 6:30 PM Next in Order: Resolution: 13-07 CALL TO ORDER: John Meyer, Chairperson Roll Call: Meyer, Gonzalez, Kelliher, Ordway -Peck, PUBLIC COMMENTS A total of 15 minutes is provided so members of the public may address the Board on items that are not listed on the Agenda. Speakers are limited to three minutes each. If you desire to speak to the Board about an item not on the Agenda, a salmon colored "Request to Speak" form should be filled out and filed with the Board Secretary. When you are called to speak, please come forward and state your name for the record. For all other agenda items a "Request to Speak" form must be filed with the Board Secretary prior to the Board addressing that item. There is a three-minute time limit for individual speakers. NOTICE TO THE PUBLIC All matters listed under Consent Calendar are considered to be routine and all will be enacted by one roll call vote. There will be no discussion of these items unless Members of the Oversight Board request specific items be removed from the Consent Calendar for separate action. CONSENT CALENDAR Minutes RECOMMENDATION: 1.1 Approve the Minutes of June 12, 2013 ITEM WAS CONTINUED TO NEXT MEETING DUE INSIFFICIENT QUORUM FROM MEETING OF JUNE 12, 2013 1.2 Approve the Minutes of September 25, 2013 ITEM WAS CONTINUED TO NEXT MEETING DUE INSIFFICIENT QUORUM FROM MEETING OF JUNE 12, 2013 BOARD BUSINESS 2 Extension of the 6th Street Promissory Note between the City of Temecula and the Successor Agency to the Temecula Redevelopment Agency. APPROVED BY A 4-0 VOTE. VOTE REFLECTED UNANIMOUS APPROVAL RECOMMENDATION: RESOLUTION NO. OB SARDA13-07 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY APPROVING THE EXTENSION OF THE 6TH STREET PROMISSORY NOTE ADJOURNMENT Next regular meeting: Wednesday, January 15, 2014, 6:30 PM, Council Chambers, 41000 Main Street, Temecula, California. Date Randi Johl-Olson, City Clerk/Secretary NOTICE TO THE PUBLIC The Agenda will be available for viewing, prior to the meeting, at the Main Reception at City Hall — 41000 Main Street, Temecula, 8:00 — 5:00 PM as well as on the City's website — www.citvoftemecula.org. Any staff report/written material pertaining to this meeting will be available, prior to the meeting, for public review at the Main Reception and at the respective meeting. Any Supplemental Material distributed to a majority of the Committee Members regarding any item on the Agenda, after the posting of the Agenda, will be available for public review at the Main Reception. In addition, such material will be made available for review at the respective meeting. If you have any questions regarding any item of business on the Agenda for this meeting, please contact City Hall — 951-694-6444. ACTION MINUTES OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY REGULAR MEETING GREAT OAK CONFERENCE ROOM 41000 MAIN STREET TEMECULA, CALIFORNIA OCTOBER 1, 2014 — 6:30 PM Next in Order: Resolution: 14-05 CALL TO ORDER: Gary Thornhill, Chairperson Roll Call: Thornhill, Meyer, Gonzalez, Kelliher, PUBLIC COMMENTS NO SPEAKERS NOTICE TO THE PUBLIC All matters listed under Consent Calendar are considered to be routine and all will be enacted by one roll call vote. There will be no discussion of these items unless Members of the Oversight Board request specific items be removed from the Consent Calendar for separate action. CONSENT CALENDAR Minutes RECOMMENDATION: 1.1 Approve the Minutes of June 12, 2013 APPROVED BY A 4-0 VOTE. VOTE REFLECTED UNANIMOUS APPROVAL 1.2 Approve the Minutes of September 25, 2013 ITEM WAS CONTINUED TO NEXT MEETING DUE TO INSUFFICIENT QUORUM FROM MEETING OF SEPTEMBER 25, 2013 1.3 Approve the Minutes of February 26, 2014 APPROVED BY A 4-0 VOTE. VOTE REFLECTED UNANIMOUS APPROVAL 1.4 Approve the Minutes of June 11, 2014 APPROVED BY A 4-0 VOTE. VOTE REFLECTED UNANIMOUS APPROVAL BOARD BUSINESS 2 Adopt Recognized Obligation Payment Schedules for the eriod of January 1 20115 through June 30, 2015. (ROPS 14-1513) APPROVED BY A 4-0 VOTE. VOTE REFLECTED UNANIMOUS APPROVAL RECOMMENDATION: 2.1 Adopt a resolution entitled: RESOLUTION NO. OB SARDA 14-05 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY APPROVING A RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE PERIODS OF JANUARY 1, 2015 THROUGH JUNE 30, 2015 PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177 AND TAKING CERTAIN ACTIONS IN CONNECTION THEREWITH ADJOURNMENT Next regular meeting: Wednesday, October 15, 2014 6:30 PM, Council Chambers, 41000 Main Street, Temecula, California. ATTEST:, Randi Johl-Olson, City Clerk/Secretary 2 Gary Thornhill Vice Chairperson Aaron Adams Executive Director ITEM 2 THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY AGENDA REPORT TO: Board of Directors of the Oversight Board of the Successor Agency to the Temecula Redevelopment Agency Armando G. Villa, AICP, Director of Community Development for the Successor FROM: Agency to the Temecula Redevelopment Agency DATE: February 25, 2015 SUBJECT: Recognized Obligation Payment Schedules for the period of July 1, 2015 through December 31, 2015 (ROPS 15-16A) PREPARED BY: Luke Watson, Senior Planner for the Successor Agency to the Temecula Redevelopment Agency RECOMMENDATION: Adopt a resolution entitled. RESOLUTION NO. OB SARDA 15- A RESOLUTION OF THE BOARD OF DIRECTORS OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY APPROVING A RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE PERIODS OF JULY 1, 2015 THROUGH DECEMBER 31, 2015 PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177 AND TAKING CERTAIN ACTIONS IN CONNECTION THEREWITH BACKGROUND: Pursuant to Health and Safety Code Section 34177(1)(2)(B), successor agencies are required to prepare in advance a Recognized Obligation Payment Schedule (ROPS) that is forward looking for six months and covering the periods of July 1, 2015 through December 31, 2015. The ROPS lists all of the Successor Agency's financial obligations. The Successor Agency is required to submit this ROPS to the Oversight Board for approval after the Successor Agency has approved the ROPS in a public meeting. After the Oversight Board approves the ROPS, the Successor Agency is then required to submit the approved ROPS to the State Department of Finance, the County Auditor Controller, and to the State Controller no later than March 3, 2015. Preparation of a Recognized Obligation Payment Schedule is in furtherance of allowing the Successor Agency to pay enforceable obligations of the former Redevelopment Agency. FISCAL IMPACT: Adoption of the proposed resolutions will enable the Successor Agency to fulfill its enforceable obligations. In accordance with Health and Safety Code Section 34173(e), the liability of the Successor Agency, acting pursuant to the powers granted under Part 1.85, shall be limited to the extent of, and payable solely from, the total sum of property tax revenues it receives pursuant to Part 1.85 and the value of assets transferred to it as a successor agency for a dissolved redevelopment agency. The debts, assets, liabilities, and obligations of the Successor Agency shall be solely the debts, assets, liabilities, and obligations of the Successor Agency and not of the City. ATTACHMENTS: 1. Resolution No. OB SARDA 15- 2. Exhibit A — Draft Recognized Obligations Payment Schedule for the periods of July 1, 2015 through December 31, 2015 (ROPS 15-16A) RESOLUTION NO. OB SARDA 15-01 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY APPROVING A RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE PERIODS OF JULY 1, 2015 THROUGH DECEMBER 31, 2015 PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177 AND TAKING CERTAIN ACTIONS IN CONNECTION THEREWITH THE BOARD OF DIRECTORS OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY DOES HEREBY RESOLVE AS FOLLOWS: Section 1. Recitals. The Board of Directors of the Oversight Board of the Successor Agency to the Temecula Redevelopment Agency does hereby find, determine and declare that: A. The Redevelopment Agency of the City of Temecula was a redevelopment agency in the City of Temecula, duly created pursuant to the Community Redevelopment Law, Part 1, commencing with Section 33000, of Division 24 of the California Health and Safety Code (hereafter the "Temecula Redevelopment Agency"). On June 12, 1988, the Board of Supervisors of the County of Riverside adopted Ordinance No. 658 adopting and approving the "Redevelopment Plan for Riverside County Redevelopment Project No. 1988-1." On December 1, 1989, the City of Temecula was incorporated. The boundaries of the Project Area described in the Plan are entirely within the boundaries of the City of Temecula. On April 9, 1991, the City Council of the City of Temecula adopted Ordinances Nos. 91-08, 91-11, 91-14, and 91- 15 establishing the Redevelopment Agency of the City of Temecula and transferring jurisdiction over the Plan from the County to the City. Pursuant to Ordinance Nos. 91- 11 and 91-15, the City of Temecula and the Redevelopment Agency of the City of Temecula assumed jurisdiction over the Plan as of July 1, 1991. The Plan has been amended by Ordinance Nos. 94-33, 06-11 and 07-20 adopted by the City Council. The Agency duly adopted its Implementation Plan for 2010-2014 on December 8, 2009 in accordance with Health and Safety Code Section 33490. B. The City Council of the City of Temecula adopted Resolution No. 12-02 January 10, 2012, pursuant to Health and Safety Code Section 34173 and applicable law electing for the City to serve as the Successor Agency for the Temecula Redevelopment Agency upon the dissolution of the Redevelopment Agency of the City of Temecula. The City Council of the City of Temecula, Acting as the Governing Body for the Successor Agency to the Temecula Redevelopment Agency, adopted Resolution No. 12-01 on February 28, 2012 declaring the Successor Agency to the Temecula Redevelopment Agency duly constituted pursuant to law and establishing rules and regulations for the operation of the Successor Agency to the Temecula Redevelopment Agency ("Successor Agency"). C. The California Redevelopment Association and League of California Cities filed a lawsuit in the Supreme Court of California (Califomia Redevelopment Association, et al. v. Matosantos, et al. (Case No. S194861)) alleging that ABX1 26 and ABX1 27 were unconstitutional. D. On December 29, 2011, the Supreme Court issued its opinion in the Matosantos case largely upholding ABX1 26, invalidating ABX1 27, and holding that ABX1 26 may be severed from ABX1 27 and enforced independently. E. As a result of the Supreme Court's decision, on February 1, 2012, all redevelopment agencies, including the Temecula Redevelopment Agency, were dissolved and replaced by successor agencies established pursuant to Health and Safety Code Section 34173. F. Accordingly, the Board desires to adopt this Resolution approving the Recognized Obligation Payment Schedule for the periods of July 1, 2015 through December 31, 2015 in accordance with Part 1.85. Section 2. This Resolution is adopted pursuant to Health and Safety Code Section 34177. Section 3. The Board hereby approves the Recognized Obligation Payment Schedule for the periods of July 1, 2015 through December 31, 2015 substantially in the form attached as Exhibit A to this Resolution and incorporated herein by reference (the "ROPS"). The Executive Director of the Successor Agency, in consultation with the Successor Agency's legal counsel, may modify the ROPS as the Executive Director or the Successor Agency's legal counsel deems necessary or advisable. Section 4. The Board hereby designates the Finance Director as the official to whom the DOF may make requests for review in connection with the ROPS and who shall provide the DOF with the telephone number and e-mail contact information for the purpose of communicating with the DOF. Section 5. The officers and staff of the Successor Agency are hereby authorized and directed, jointly and severally, to do any and all things which they may deem necessary or advisable to effectuate this Resolution, including submitting the certified Recognized Obligation Payment Schedule to the oversight board for approval, and any such actions previously taken by such officers are hereby ratified and confirmed. Section 6. The Secretary shall certify to the adoption of this Resolution. PASSED, APPROVED, AND ADOPTED by the Board of Directors of the Oversight Board of the Successor Agency to the Temecula Redevelopment Agency this 25th day of February, 2015. Gary Thornhill, Chairperson ATTEST: Randi Johl-Olson, City Clerk/Secretary STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss CITY OF TEMECULA ) I, Randi Johl-Olsen, Board Secretary of the Successor Agency to the Temecula Redevelopment Agency, do hereby certify that the foregoing Resolution No. OB SARDA 15-01 was duly and regularly adopted by the Board Members of the Oversight Board of the Successor Agency to the Temecula Redevelopment Agency of the City of Temecula at a meeting thereof held on the 25th day of February, 2015 by the following vote: AYES: BOARD MEMBERS: NOES: BOARD MEMBERS: ABSENT: BOARD MEMBERS: ABSTAIN: BOARD MEMBERS: Randi Johl-Olson, City Clerk/Secretary Exhibit A Recognized Obligation Payment Schedule for the period of July 1, 2015 through December 31, 2015 (ROPS 15-16A) Recognized Obligation Payment Schedule (ROPS 15-16A) - Summary Filed for the July 1, 2015 through December 31, 2015 Period Name of Successor Agency: Temecula Name of County: Riverside Current Period Requested Funding for Outstanding Debt or Obligation Six-Month Total Enforceable Obligations Funded with Non-Redevelopment Property Tax Trust Fund (RPTTF) Funding A Sources (B+C+D): $ 336,666 B Bond Proceeds Funding (ROPS Detail) - C Reserve Balance Funding (ROPS Detail) 336,666 D Other Funding (ROPS Detail) E Enforceable Obligations Funded with RPTTF Funding (F+G): $ 3,923,502 F Non-Administrative Costs (ROPS Detail) 3,798,502 G Administrative Costs (ROPS Detail) 125,000 H Current Period Enforceable Obligations (A+E): $ 4,260,168 Successor Agency Self-Reported Prior Period Adjustment to Current Period RPTTF Requested Funding I Enforceable Obligations funded with RPTTF (E): 3,923,502 J Less Prior Period Adjustment (Report of Prior Period Adjustments Column S) (185.499) K Adjusted Current Period RPTTF Requested Funding (I-J) $ 3,738,003 County Auditor Controller Reported Prior Period Adjustment to Current Period RPTTF Requested Funding L Enforceable Obligations funded with RPTTF (E): 3,923,502 M Less Prior Period Adjustment(Report of Prior Period Adjustments Column AA) - N Adjusted Current Period RPTTF Requested Funding (L-M) 3,923,502 Certification of Oversight Board Chairman: Pursuant to Section 34177 (m)of the Health and Safety code, I hereby certify that the above is a true and accurate Recognized Name Title Obligation Payment Schedule for the above named agency. /sl Signature Date Recognized Obligation Payment Schedule(ROPS 15-16A)- ROPS Detail July 1, 2015 through December 31, 2015 (Report Amounts in Whole Dollars) A B C D E F G H I J _ K L M N 0 P Funding Source Non-Redevelopment Property Tax Trust Fund (Non-RPTTF) RPTTF ContracUAgreement ContracVAgreement Total Outstanding Item# Project Name/Debt Obligation Obligation Type Execution Date Termination Date Payee Description/Project Scope Project Area Debt or Obligation Retired _ 9 Bond Proceeds Reserve Balance Other Funds Non-Admin Admin Six-Month Total -$ 172,551,60 $ - $ 336,666 $ - $ 3.798,502 $ 125.000 $ 4,260,168 1 Trustee Admin Fees Fees 4/24/2002 6/30/2015 US Bank as Trustee for Trustee Fees for TAB Bond Issues No 1-1988 16,000 N 16 000 $ 16,000 2 Abbott OPA OPA/DDA/Constructi 2/12/2002 2/12/2021 Abbott Vascular Property Tax Reimbursment No 1-1988 1,830,397 N 170,000 S 170,000 on 3 Abbott OPA OPA/DDA/Constructi 2/12/2002 2/12/2021 Abbott Vascular Reimbursement for Development No 1-1988 750,000 N $ - on Improvements 4 SERAF Payment Reimbursment SERAF/ERAF 5/10/2011 5/10/2016 Low-Mod Housing Fund Loan of Low Mod to Redeye.Fund for No 1-1988 5,250,954 N $ - SERAF 5 Temecula Gardens L.P Loan OPA/DDA/Constructi 7/1/1998 7/1/2027 Temecula Gardens L.P. Loan for Affordable Housing No 1-1988 3.660.000 N 305,000 $ 305,000 Agreement on 6 2002 TAB FY 2012/13 Debt Service Bonds Issued On or 4/24/2002 7/28/2032 US Bank as Trustee for Bonds Issues to Fund Redevelopment No 1-1988 38.653.859 N 26,667 593,729 $ 620,396 (aa) Before 12/31/10 Bondholders Activities _ 7 2006 TAB Series A FY 2012/13 Debt Bonds Issued On or 12/1'2006 7/30/2036 US Bank as Trustee for Bonds Issues to Fund Redevelopment No 1-1988 27,236.047 N 309.999 346.119 S 656.118 Service(aa) Before 12/31/10 Bondholders Activities 8 2006 TAB Series B FY 2012/13 Debt Bonds Issued On or 12/1;2006 7/30/2036 US Bank as Trustee for Bonds Issues to Fund Redevelopment No 1-1988 4.717,534' N 133.039 $ 133,039 Service Before 12/31/10 Bondholders Activities 9 2007 TAB FY 2012/13 Debt Service Bonds Issued On or 10/17/2007 7/30/2037 US Bank as Trustee for Bonds Issues to Fund Redevelopment No 1-1988 25.924,229 N 705,452 $ 705,452 Before 12/31/10 Bondholders Activities 10 2010 Housing TAB Series A&B FY Bonds Issued On or 2/24/2010 7/31/2040 US Bank as Trustee for Bonds Issues to Fund Affordable No 1-1988 28.079.609 N 771,960 $ 771.960 2012/13 Debt Service(aa) Before 12/31/10 Bondholders Housing _ 11 2011 Housing TAB Fiscal Year Bonds Issued After 3/1/2011 7/31/2041 US Bank as Trustee for Bonds Issues to Fund Affordable No 1-1988 35,281,759 N 757,203 $ 757,203 2012/13 Debt Service(aa) 12/31/10 Bondholders Housing 14 Promenade Parking Garage OPA OPA/DDA/Constructi 7/24/2007 7/29/2016 Forrest City Loan for Public Parking Garage No 1-1988 20.000 N $ - on _ 15 Professional Services Agreement Professional 3/22'2011 6/30/2016 Environmental Science Jefferson Corridor Specific Plan EIR No 1-1988 N $ Services Associates 16 Professional Services Agreement Professional 3/222011 6/30/2016 Inland Planning&Design Jefferson Corridor Specific Plan No 1-1988 N $ - Seryces 17 CSUSM Campus Funding Business Incentive 11/24/2009 11/24/2019 Cal State San Marcos Satellite Campus Development No 1-1988 Y 5 - A•reement A•reements _ 20 Agency Administration Admin Costs 7/1/2012 6/30/2016 Multiple Payees Agency Staff Compensation Agency No 1-1988 250.000 N —� 125 000 5 125.000 Admin 211WEINUMMIISsory Note TCity/County Loan 96 '12f3T13 "' — Temecula Amin',for acquisition of property for - No 1-1' -. .1 `-TJ; N I. $ - On or Before 6/27/11 ,public parking lot 22 Unfunded Obligations Bonds Issued On or 4/24/2002 7/28/2036 US Bank as Trustee for Bonds Issues to Fund Redevelopment No 1-1988 464,781 N $ - Before 12/31/10 Bondholders Activities 23 Unfunded Obligations Bonds Issued On or 12/1/2006 7/30/2036 US Bank as Trustee for Bonds Issues to Fund Redevelopment No 1-1988 180,000 N $ - 24 Unfunded Obligations Bonds Issued After 3/1/2011 7/31/2036 US Bank as Trustee for Bonds Issues to Fund Redevelopment No 1-1988 10.000 N $ - 12/31/10 Bondholders Activities _ 25.Unfunded Obligations Professional 3/222011 6/30/2016 Environmental Science Jefferson Corridor Specific Plan EIR No 1-1988 114.070 N $ Services _ Associates _ 26 Unfunded Obligations Professional 3/222011 6/30/2016 Inland Planning&Design Jefferson Corridor Specific Plan No 1-1988 13.520 N $ - Services 27 Unfunded Obligations OPA/DDA/Constructi 2/12/2002 2/12/2021 Abbott Vascular Property Tax Reimbursment No 1-1988 25.558 N $ - on 28 N $ - Recognized Obligation Payment Schedule (ROPS 15-16A) - Report of Cash Balances (Report Amounts in Whole Dollars) 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 property tax revenues is required by an enforceable obligation. For tips on how to complete the Report of Cash Balances Form, see https://rad,dof.ca.gov/rad- sa/pdf/Cash Balance Agency Tips Sheet.pdf. A B C D E F G H I Fund Sources Bond Proceeds Reserve Balance Other RPTTF Prior ROPS Prior ROPS period balances RPTTF Bonds Issued on and DDR RPTTF distributed as Rent, Non-Admin or before Bonds Issued on balances reserve for future Grants, and Cash Balance Information by ROPS Period 12/31/10 or after 01/01111 retained period(s) Interest, Etc. Admin Comments ROPS 14-15A Actuals (07/01/14 - 12131/14) 1 Beginning Available Cash Balance (Actual 07101114) 7,986,573 8,578,119 901,994 _ 3,480,695 2 Revenue/Income (Actual 12/31/14) RPTTF amounts should tie to the ROPS 14-15A distribution from the County Auditor-Controller during June 2014 242 1,535 3,134 - 3 Expenditures for ROPS 14-15A Enforceable Obligations (Actual 12/31/14) RPTTF amounts, H3 plus H4 should equal total reported actual expenditures in the Report of PPA, Columns L and Q 85 66 901,994 3,684,936 • 4 Retention of Available Cash Balance (Actual 12131/14) RPTTF amount retained should only include the amounts distributed as reserve for future period(s) 5 ROPS 14-15A RPTTF Prior Period Adjustment RPTTF amount should tie to the self-reported ROPS 14-15A PPA in the No entry required Report of PPA, Column S 185,499 6 Ending Actual Available Cash Balance C to G = (1 + 2 - 3 -4), H = (1 + 2 -3 - 4- 5) $ 7,986,730 $ 8,579,588 $ - $ - $ 3,134 _ $ (389,740) ROPS 14-15B Estimate (01/01/15-06/30/15) 7 Beginning Available Cash Balance (Actual 01/01/15) (C, D, E, G =4+ 6, F = H4+ F4+ F6, and H = 5+6) $ 7,986,730 $ 8,579,588 $ - $ - $ 3,134 $ (204,241) 8 Revenue/Income(Estimate 06130/15) RPTTF amounts should tie to the ROPS 14-15B distribution from the County Auditor-Controller during January 2015 2,912,525 9 Expenditures for ROPS 14-15B Enforceable Obligations (Estimate 06130115) 2,437,502 10 Retention of Available Cash Balance (Estimate 06/30115) RPTTF amount retained should only include the amounts distributed as reserve for future period(s) 336,666 11 Ending Estimated Available Cash Balance (7 + 8- 9-10) $ 7,986,730 $ 8,579,588 $ - $ - $ 3,134 $ (65,884) Recognized Obligation Payment Schedule(ROPS 15-16A)-Report of Prior Period Adjustments Reported for the ROPS 14-15A(July 1. 2014 through December 31,2014)Period Pursuant to Health and Safety Code(HSC)section 34186(a) (Report Amounts in Whole Dollars) ROPS 14-15A Successor Agency(SA)Self-reported Prior Period Adjustments(PPA):Pursuant to HSC Section 34186(a),SAs are required to report the differences between their actual available funding and their actual expenditures for the ROPS 14-15A(July through December 2014)period The amount of Redevelopment Property Tax Trust Fund(RPTTF)approved for the ROPS 15-16A(July through December 2015)period will be offset by the SAs self-reported ROPS 14-15A prior period adjustment. HSC Section 34186(a)also specifies that the prior period adjustments self-reported by SAs are subject to audit by the county auditor-controller(CAC)and the State Controller A B C D E F G H I J K L M N O p Q R S T Non-RPTTF Expenditures RPTTF Expenditures — Net SA Non-Admin and Admin PPA (Amount Used to Offset ROPS 15-16A Bond Proceeds Reserve Balance Other Funds Non-Admin Admin Requested RPTTF) - Available Available Difference RPTTF RPTTF (If total actual (BOPS 14-15A Difference (BOPS 14-15A exceeds total distributed*all other Net Lesser of (If K is less than L. distributed.all other Net Lesser of authorized,the Project Name/ available as of Authorized I the difference is avaaable as of Authorized/ total difference is Net Difference Item It Debt Obligation Authorized Actual Authorized Actual Authorized Actual Authorized 07/1/14) Available Actual zero) Authorized 07/1/14) Available Actual zero) (M*R) SA Comments $ - $ - $ 901,994 $ 901.994 $ - $ -, $ 3.867.355 $ 3,867.355 $ 3.867.355 $ 3.684.936_$ 185.499 $ 125,000 $ S - $ 185.499 1 Trustee Admin - - - 8,000 8,000 $ 8.000 11,080 S -_ S - 2 Abbott OPA - - 180,611 180,611 $ 180.611 155,053 $ 25,558 $ 25,558 3 Abbott OPA - - - $ _ -_ . $ _ S _ _ 4 SERAF Payment - - - _ $ _ S $ - Reimbursment 5 Temecula Gardens - - - 305,000 305.000 $ 305.000 305.000 S - $ - L P Loan Agreement 6 2002 TAB FY - 901.994 901.994 - 274,560 274.560 $ 274.560 274.560 S - $ - 2012/13 Debt Service(aa) 7 2006 TAB Series A - - - 652.118 652.118 $ 652.118 652.117 5 1 $ 1 FY 2012/13 Debt Service(aa) - 8 2006 TAB Series B - - - 129,344 129,344 $ 129.344 129,336 S 8 $ 8 FY 2012/13 Debt Service 9 2007 TAB FY - - - 697,624 697,624 $ 697,624 697.584 $ 40 $ 40 2012/13 Debt Service 10 2010 Housing TAB - - - 766,347 766.347 $ 766,347 606.521 $ 159.826 $ 159.826 Series A&B FY 2012/13 Debt Service(as) _ 11 2011 Housing TAB - - • 756.047 756.047 $ 756.047 755,981 $ 66 $ 66 Fiscal Year 2012/13 Debt Service(aa) 13 Old Town - - - - $ - —$ - $ Infrastructure Projects - _ 14 Promenade Parking - - - $ $ $ - Garage OPA 15 Professional - - • - $ - $ $ - Services Agreement _ 16 Professional - - - $ $ . $ Services Agreement 17 CSUSM Campus - - - - 97.704 97.704 $ 97,704 97 704 $ - $ --- Funding Agreement - 18 Summerhouse - - - - $ - $ $ Housing Associates, L.P.,OPA 19 3rd and Front OPA - - $ - $ _ $ - 20 Agency - - - $ - $ - $ - Administration 21 6th Street - - - $ - $ _ $ - Promissory Note 22 Unfunded - $ - $ - $ - Obligations 23 Unfunded - $ - $ - $ _ Obligations 24 Unfunded - $ - $ - $ - Obligations _