The URL can be used to link to this page

Home My WebLink AboutResolution No. 12-R9RESOLUTION NO. 12-R9 A RESOLUTION OF THE SUCCESSOR AGENCY OF THE FORMER REDEVELOPMENT AGENCY OF THE CITY OF AZUSA APPROVING AND ADOPTING THE AMENDED DRAFT OF THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE PURSUANT TO AB 1X 26 WHEREAS, Health and Safety Code Section 34169(h), enacted by AB 1X 26, requires redevelopment agencies to prepare, by March 1, 2012, a preliminary draft of the initial Recognized Obligation Payment Schedule ("ROPS"). WHEREAS, because the former Redevelopment Agency of the City of Azusa previously adopted a draft of the initial "Recognized Obligation Payment Schedule" ("ROPS"), Resolution No. 11-R38, dated September 19, 2011, is operative only through June 30, 2012, the previously adopted ROPS needs to be amended to be operative at least through July 31, 2012, so that the Agency may continue to meet the Agency's recognized obligations, and NOW, THEREFORE, BE IT RESOLVED, determined and ordered by the Redevelopment Agency of the City of Azusa as follows: Section 1. Recitals. The Recitals set forth above are true and correct and incorporated herein by reference. Section 2. Approval of Amended ROPS. The Agency hereby approves and adopts the amended draft of the initial ROPS, in substantially the form attached to this Resolution as Exhibit B, so that the Agency may continue to meet its recognized obligations, all as required by Health and Safety Code section 34169, during the time period from January 1, 2012 through July 31, 2012. The Agency reserves the right to further amend the ROPS in the future to make the ROPS more accurate. Section 3. Certification. The Agency Secret Resolution. Section 4. Effective Date. This Resolution the adoption of this adoption. / 0-� PASSED AND ADOPTED at a regular meeting of the Redevelopment Agency of the City of Azusa on the 27`h day of February, 2012. /Cse�tR. Rocha, Chair ATTEST: ' so Vera Mendoza, Secretary I HEREBY CERTIFFY that the foregoing Resolution No. 12-R9, was duly passed and approved, and adopted by the Board of Directors of the Redevelopment Agency of the City of Azusa, at a regular meeting of said Board held on the 27`h day of February, 2012, by the following vote of the Board: AYES: BOARDMEMBERS: GONZALES, CARRILLO, MACIAS, HANKS, ROCHA NOES: BOARDMEMBERS: NONE ABSENT: BOARDMEMBERS: NONE Vera Mendoza, Secretary EXHIBIT B RECOGNIZED OBLIGATION PAYMENT SCHEDULE 45636.06001\6949659.2 Name of Redevelopment Agency. City of Azusa Redevelopment Agency Page 1 of 2 Project Areas) Merged Central Business district B Wen End Project Area RECOGNIZED OBLIGATION PAYMENT SCHEDULE Per AB 26 - Section 34177 FISCAL YEAR 2011 - 2012 Revised 0222112 Project Name/Debt Obligation Payee description Total or Debt or Obll ation Total Due During Period Jan Feb Mer Pa mems b menm Apr May Jun Jul Total Source of Payment 1 Tax Allocation Bonds Bond Holders 2008 Series A Merged T.A. Bonds E 14,376,537 E 577,988 E 246,494 E - E S S S $ 331,494 S 577,988 Redevelopment Prop Tax Trust Fund RPTTF 2 Tax Allocation Bonds Bond Holders 2003 Merged T.A R.1yrai Bonds 11,26.473 827,180 166,090 0 0 0 0 0 661090 827,180 RPTTF 3 Tax Allocation Bonds Bond Holders 2005 Merged T.A. Bonds 18,581,199 349426 174,713 0 0 0 0 0 174,713 119,426 RPTTF 4 City Advance City of Azusa Advance/5774345 FvolhiWRrems Site 1,890,330 92,141 13,163 13.163 13.163 13,163 13,163 13,163 13,163 92.141 RPTTF 5 City Advance City MAzusa City Adv./AulodealersM 8.984.299 145,849 20,807 20.807 20,807 20.807 20,807 20.807 20,807 145,649 RPTTF 6 City Advance City of Azusa City AEv.r61"21 N. Ansa elle Bldg) 258,635 3,745 0 0 0 0 0 3,745 0 3,745 RPTTF 7 RombAgreement Azusa Public Footnote Ationcinny, RelmbA rant/2003 Refunding COPS 4,141,158 363,850 61,925 0 0 0 0 0 301,925 363,850 RPTTF 8 Housing Bonds Bond Holders 2008 Series B Housing T.A. Bonds 24,995,744 BBQ708 375,354 0 0 0 0 0 505,354 880,706 RPTTF 9 Tax Allocation Bonds Band Holders 21307 Series A Tax Anocatlon Bonds 27,511,925 1,290,046 430,023 0 0 0 0 0 860,023 1,290,046 RPTTF 10 Tax Allocation Bonds Band Holders 2007 Series 8 Tax Anoodoon Bonds 8,383,855 323,444 1 114,222 0 0 0 0 1 0 209,82 323,444 RPTTF 11 -Ml Advance RDA Low Mad Fund Low/Mod Adv./Block 36 Mixed Use 1,618.835 0 0 0 0 0 0 0 0 0 12 City Advance City LBW Fund City Adv.I8450WAzusa&1st Reader Slid 449,482 49,942 0 0 0 0 0 49,942 0 49942 RPTTF 13 Contract Purchase Order Fairytale Coinages Winter Holiday Fiesta 0 0 0 0 0 0 0 0 0 0 14 Employee Costs Em to ees 0 Agency Pa rill for employees 65,495 65,495 65495 0 0 0 0 0 0 65,495 RPTTF 15 Arbitrage Comliance Arbitrage CiarIleno,S edalists Arbitra a calculadon for Bonds 2775 2,775 2,000 0 775 0 0 0 0 2,775 RPTTF 16 Price/Costoo Note HDL Coren&Cone Sales tax dersuitfing &calculations 15,895 15,895 2,100 2,800 2,500 2.500 2500 2,495 1,200 15,895 RPTTF 17 IP..ny Tex Consulting HDL Corm &Cone Tax Increment and Pass through calculations 1,480 1.480 0 0 0 0 1.480 0 0 1,480 RPTfF Touts - This Page (1) Totals - Page 2 Totals - Other Obligations Grand total -All Pages (t) All payment amounts aro estimates 122,283,917 37,494,584 79,261,575 1 S 239,040,076 4.989764 1.998,848 1.370,0181 S 8,]58.628 S 1,672,386 215,844 1 1,370.0181 3258.048 E 36,570 168.2921 01 204,882 S 37.245 236,313 1 0 273,558 $ 36,470 198,843 0 235,313 S 37,950 181,681 0 219,631 S 90,152 878,733 0 968885 15 3,078,991 119.340 0 3,190,331 S 4.989764 1,938,846 1.370.018 8,358,628 Nerve of Redevelopment Agency. City of Azusa Redevelopment Agency Page 2 of 2 Project Area(s) Merged Central Business District & West End Project Area RECOGNIZED OBLIGATION PAYMENT SCHEDULE Per AB 26 - Section 34177 FISCAL YEAR 2011 - 2012 Revised 02/22/12 Project Name/ Debt Obligation Payee Desaiptian Total Outstanding Debt or Obfi ation Total Due During Period Jan Feb Mar Payments by month Apr May Jun Jul Total Source of Payment 18 Consulting Services Lance Sol[ & Lun haM Audit Services S 11,000 S 11,000 E 5,500 S E S S 5,500 $ E S 11,000 Redevelopment Pmp Tax Trust Fund RPTTF 19 Bambinos FFE Bambino's Pizza Furniture Fixtures & E ul ment Loan 18.558 18,558 0 0 18,558 0 0 0 0 18,558 RPTTF 20 ENA A mtt Dtnwn North A2/A3 Lews Retell Centers Potential Liquidated Damages 10.000 10,000 0 0 0 0 10.000 0 0 10,000 RPTTF a Redev Consulting Services Urban Futures Project Administration 189,585 0 0 0 0 0 0 0 0 0 22 Appraisal Services RP Lawaln Prop Appraisal 975 W. FoothillIC-Club) 0 0 0 0 0 0 0 0 0 0 23 Appraisal Services RP Laurain Prop Appraisal San Gabriel Ave (Bik 37) 0 0 0 0 0 0 0 0 0 0 24 Doer Convenient and APPLE SOCAL LLCApplebee's Dooming Covenant Payment 0 0 0 0 0 0 0 0 0 0 25 Emiommental Services LSA Allamjs Garden CEOA Study 26.491 0 0 0 0 0 0 0 0 0 26 Consutiin Services Impact Sciences Atlantis Garden Specific Plan 2,060 0 0 0 0 0 0 0 0 0. 27 ENA Adan is Garden Me HousingPotential Liquidated Damages 50.000 50,090 50,000 0 0 0 0 0 0 50.000 RPTTF 28 ENA Enterprise) Kai Pacific & Associates Hotel Appraisal 15,000 0 0 0 0 0 0 0 0 0 29 DDA 9th/Alamede Han Pro' Ci Ventures LLC Potential U uidated Damages 25,000 25,000 0 25,000 0 0 0 0 0 25.000 RPTTF W DDA Azusa/Artuw H The Charvat Fard LLC Potential Liquidated Damages 50,000 0 0 0 0 0 0 0 0 0 31 ConsWBn Services Overland Pacific & Cutler, Inc. Attantm Garden Replace Han Plan 0 0 0 0 0 0 0 0 0 0 32 Contract Purchase Order E & L SeMces Repair ofA en Property, 11,690 11.690 1,670 1,670 1,670 1.670 1,670 1.670 1,670 11,690 RPTTF 33 Contract Purchase Order Miss Azusa Scholarship program Miss Azusa & Miss Outstanding Teen Azusa 0 0 0 0 0 0 0 0 0 0 2L Legal Services Best Best & Kne er Redevelopment Legal Counsel 233.331 233,335 33,333 33,333 33,333 33,333 33,333 33,337 33,333 233,335 RPTTF 35 Agency O erations Venzon Reader Board Monthly Utility Bill 750 875 125 125 125 1 125 125 125 125 875 RPTTF 36 Agency 0 enation Verlzan Cell Phone for Retlay. Pro'. Mgr. 100 100 100 0 0 0 0 0 0 100 RPTTF 37 Agency erations Iron Mountain Monthly Records Storage 870 870 145 145 145 145 145 145 0 1 870 RPTTF IL Agency Operations National Construction Remals, Inc. Security Fence 16.718 N. Dalton Av 1,572 1,834 262 262 262 262 262 262 262 1.834 RPTTF 39 Agency Operations AT&T Fax Machine 70 10 10 0 0 0 0 0 0 10 RPTTF 10 Agency Operations National Construction Rentals, Inc. Security Fence Choi Property) 500 500 0 0 0 0 0 500 0 500 RPTTF 41 Agency Operations Azusa Light & Water Ueli costs 4.610 3.948 658 658 658 658 658 658 0 3.948 RPTTF 42 Agency Operations Fed Ex Package Delivery 0 0 0 0 0 0 0 0 0 0 43 DDA (A=ma/Arrow H AAI Demolition of 17511 E. Arrow Hwy 0 0 0 0 0 0 0 0 0 0 AL Agency Operations Office Depot Office supplies 0 0 0 0 0 0 0 0 0 0 45 Advertising San Gabnel Valley Tribune Advertisin and Public Notices 0 0 0 0 0 D 0 1 0 0 0 46 Travel and Meeting Expenses US Bank Travel and Meeting Experuses, 0 0 0 0 0 0 0 1 0 0 0 47 Bond Administration Wags Fargo Bank Trustee Administration Charges 7.500 11,500 5.000 0 2.500 0 0 0 4,13M 11.500 RPTTF jL Cortming Disclosures Urban Futures Continuing Disclosures 0 0 0 0 0 0 0 0 0 0 49 Bond Administration Bank of New York Mellon Tmstee Administration Charges 0 0 0 0 0 0 0 0 0 0 50 Administrative Fees City of Azusa Successor Awency Administrative Fees 104167 104,167 0 0 0 0 0 104.167 0 1W.167 Administrative Cast Allowance 51 Insurance Feas/Premlums ICRMA Insurance -Liability Coverage 10,000 10,000 0 0 0 0 0 10.000 0 10.000 RPTTF 52 Property Taxes-Hamza Los An eles County Tax Collector Property Taxes - Former Tenant 170 310 155 0 0 155 0 0 0 310 RPTTF 53 Price Comany Developer Agreement PH. Farrily Sales Tax Allocation Note 11,956,758 599,270 0 0 70,600 154,470 120,600 179.500 74.100 599,270 RPTTF 54 Sales Tax Allocation Note City of Azusa Sales Tex Allocation Nate 1,653.710 311,710 79.400 99.100 10,450 0 0 32.760 311.710 RPTTF 55 Note Payable -Pd. City of Azusa Sales Tax Due City 22.413.744 0 0 0 0 0 0 0 0 0 56 SERAF-FY2010.11 Loan City of Azusa-L&W FY 2010-11 SERAF Payment to State 520.248 523.269 2,588 2,599 2,612 2,625 2,638 510,209 0 523,269 RPTTF 57 Une ent Benefits EDD Un¢ . benefit costs to fanner RDA employees 140.400 34,200 0 5,400 5.400 5,400 6,750 5,400 5,850 34.200 RPTTF 58 Termination Costs Former Employees Termination costs to former RDA employees 36,700 36,700 1 36,700 0 111 01 0 1 01 01 36300 RPTTF Totems This Page(1) (1) All payment amounts are estimates $ 37,494,584 E 1,998.646 1 $ 215,644 1 S 168.2921$ 236,313 S 198,8431$ 181,6811 E 878,7331 $ 119,3401$ 1,998.846 Name of Redevelopment Agenry: Azusa Redevelopment Agenry Page l of Project Area(s) Merged Central Busiruss Disbla B West End Project Area OTHER RECOGNIZED OBLIGATION PAYMENT SCHEDULE Per AS 26 - Section 34177 ` FISCAL YEAR 2011. 2012 R.Ased OL2L12 Total Outstanding Total Due During Pa ants by month 'ed Name r Debt Obligation Pay" Dasci don Debt or Obligation Pedod Jan Feb Mar Apr May Jun Jul TOW Soumus of Payment 1 Pass Through Est County Paas -Throw hlAdmin $ 68.113556 $ 1,281,525 S - S - $ - $ - $ 1281,525 S - S $1281525 Redevelopment Pnet Tax Tmst Fund RPTTF 2 Pass Throw h Est. Statutory, Tax Sharing Pass -Through 111,18017 88,093 0 0 0 0 88,493 0 0 88,493 RPTTF 3 0 d 0 5 0 6 0 71 0 8 0 9 0 0 0 1 0 21 0 3 0 4 0 15 0 18 0 7 0 6 0 8 0 . 20 0 21 0 22 0 23 0 34 0 25 0 28 0 27 0 28 0 Totals - Other Obll ations 1 S 79,201,675 S 1.370,018 S - S -is I $ -is S - f - $ 1,370,018 (1) All payment amounts are estimates. Name of Redevelopment Agency: Azusa Redevelopment Agency Project Area(s) Ranch Center Project Area RECOGNIZED OBLIGATION PAYMENT SCHEDULE Per AB 26 -Section 34177 FISCAL YEAR 2011 - 2012 Page 1 of 1 Revised 02/22112 Project Name / Debt Obligation Payee Description Total Outstanding Debt or Obligation Total Due During Period Jan Feb Mar Payments by month Apr Me Jun Jul Total Souroe of Payment 1 CitL&W Enterprise Loan C of Azusa L&W Fund 25 -Veer Seared Note - RevolvingE 2,128,868 E 151,445 E S S $ E E 151,445 S $151,445 Redevelopment ProTax Trust Fund RPTTF 2 Cil Loan Citof Ansa Unsecured Note - Due C' 5,187,363 125,590 0 0 0 0 0 125,590 0 125,590 RPTTF 3 Sales Tax Reimbursement C of Azusa Saks Tax Due C' 1.508,508 15,880 0 0 0 0 0 15,880 0 15,880 RPTTF 4 CitL&W Enterprise Loan Citof Azusa L&W Fund Advance/Rehablitudion improvements 1,902,066 77,715 0 0 0 0 0 77,715 0 77,715 RPTTF 5 SERAF-FY 2010-11 Loan Citof Azusa FY 2010.11 SERAF Payment to State 8,713 8,713 44 44 44 44 B,537 0 0 8,713 RPTTF 6 0 7 0 8 0 9 0 10 0 11 0 12 0 13 0 14 0 15 0 16 0 17 0 18 0 19 0 20 0 21 0 22 0 23 0 24 0 25 0 26 0 27 0 28 0 29 0 30 0 Totals - This Page Totals- Other Obligations Grand total -All Pages 1) (1) All payment amounts are estimates. S 10,735.518 $ 4,254,061 S 14,989,579 E 379,343 $ $ 47,608 $ f 426951 S 44 44 S 44 $ S 44 $ 44 $ f 44 $ 44 $ S 44 5 8.537 S f 8,517 $ 370.6301$ $ S S 370,850 f S 379,343 S 47,608 f 426,941 Name of Redevelopment Agency Azusa Redevelopment Agency Project Area(s) Ranch Center Pmlect Area Page 1 of 1 OTHER RECOGNIZED OBLIGATION PAYMENT SCHEDULE Revised 02722/12 Per AB 26 - Section 34177 FISCAL YEAR 2011 - 2012 Project Name / Debt Obligation Payee Description Total Outstanding Debt or Obli anon Total Due During Period Payments by month Jan Feb Mar Apr May Jun Jul Total Source of Payment 7 Pass Through Agreement Azusa Unified Pass Through $284,917 $3,650 $0 $0 s0 $0 $0 $3,650 $0 $3,650 Redevelopment Prop Tax Trost Fund RPTTF 2 Pass Through Agreement Citrus College Pass Through 156,579 613 0 0 0 0 0 613 0 613 RPTTF 3 Pass Through Agreement LA County Admin Pass Through 3,812,565 43,345 0 0 0 0 0 43.345 0 43,345 RPTTF 4 5 6 7 6 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Totals - Other Obligations 1 $ 4,264,061 f 47,608 f $ $ $ $ $ 47,608 $ $ 47,608 (1) All payment amounts are estimates.