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Home My WebLink AboutResolution No. 12-R9 (2)RESOLUTION 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 Secretary shall certify to the adoption of this Resolution. Section 4. Effective Date. This Resolution shall become effective upon its adoption. PASSED AND ADOPTED at a regular meeting of the Redevelopment Agency of the City of Azusa on the 27`h day of February, 2012. /11osepF R. Rocha, Chair ATTEST: 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 45636.0600116949659.2 Name of Redevelopment Agency: City of Azusa Redevelopment Agency Page 1 of 2 Project Areajs) Merged Central Business District & West End Protect Area RECOGNIZED OBLIGATION PAYMENT SCHEDULE Per AB 26 - Section 34177 FISCAL YEAR 2011 - 2012 Revised 02/22/12 Project Name/Debt Obligation Payee Oescripton Total Outstanding Debt or 0m aeon Total Due DuringFoments Period Jan Feb Mar by month Apr May Jun Jul Total Source of Payment 1 Tax Allocation Bonds Bond Holders 2008 Sedco A Me ed T.A. Bonds E 14.376,537 E 577,968 $ 246.494 E $ E E $ $ 331,494 E 577,988 Redeveloost.nd Prop Tax Trust Fund RPTTF 2 Tax Allocation Bonds Bond Holders 2003 Me ed T.A. Refunding Bonds 11.206473 827,180 166,090 0 0 0 0 0 661,090 827,180 RPTTF 3 Tax Model Bonds Bond Holders 2W5Merged T.A. Bonds 18,581,199 349,426 174,713 0 0 0 0 0 174,713 349426 RPTTF 4 City Advance City of Azusa Ativanca/577645 FoothillWroms Site 1,690,330 92,141 13,163 13,163 13,163 13,163 13,163 13,163 13,163 92.141 RPTTF 5 City Ativanca city of Azusa City Adv./Autodealersttl 6.984,299 145,649 20,807 20.807 20,807 20,807 20,807 20,807 20.807 145,649 RPM 8 City Advance Or, of Azusa City Adv.R19621 N. Azusa aIle Bldg) 258,635 3,745 0 0 0 0 0 3,745 0 3,745 RPTTF 7 Re1mbAgreement Azusa Public Finandnq AuthorAuthorty, ReimbA no17003 Refunding CDP's 4,141,158 383,850 61,925 0 0 0 0 0 301.925 363,850 RPTTF 8 Housing Bonds Band Holders 2008 Same B Housing T.A. Bonds 24,995.744 880,708 375.354 0 0 0 0 0 505,354 880.708 RPTTF 9 Tax Allocation Bonds Band Holders 2007 Series A Tax Alocabon Bonds 27,511,925 1,290,046 430,023 0 0 0 0 0 860,023 1,290,046 RPTTF 10 Tax Allocation Bonds Bond Holders 2W7 Sense B Tax Allocation Bonds 323,444 114,222 0 0 0 0 0 209,222 323,444 RPTTF 11 UMI Advance RDA Low Mod Fund Low/Mod Adv./Block 36 Mixed Use __B383 1,618,635 0 0 0 0 0 0 0 0 0 12 City Advanta City L&W Fund City Adv./545o VAuso&1st Reader Brd 449.482 49,942 0 0 0 0 0 49,942 0 49,942 RPTTF 13 Contract Purchase Order Fel le Cama es W rater Holiday Fiesta 0 0 0 0 0 0 0 0 0 0 14 Employee Costs -!Employees of Agency Pa roll for employees 65.495 65,495 65.495 0 0 0 0 0 0 65,495 RPTTF 15 Arbitrage Compiler se A biud a Compliance Specialists Arbitrage calculation for Bontls 2,T75 2,775 2,000 0 775 0 0 0 0 2.775 RPTTF 16 Pnce/Cost. Note HOL Came&Cone Sales tax costautting &calculations 15,895 15,895 2,100 2,600 2.500 2,See 2,500 2,495 1,200 15,895 RPTTF 17 Propenty, Tex Consultln HDL Caren & Cone Tex Increment and Pass throw h calculations 1.480 1,480 0 0 0 0 1.480 0 0 1 480 RPTTF Totals - This Page (1) Totals - Paget Totals - Omer OMlgations Grand total -AII Pages (1) All payment amounee are estimates 122,283,917 37494,584 79,261,575 S 239.040,078 4.989,764 1.998,846 1.370,018 S 6358,828 S 1,672,386 215,644 1,3]0,018 3.258,068 15 W 5701 168,292 0 204,882 K S 37,245 236,313 0 273,558 S 36670 198843 0 235,313 1 S 3]950 181,681 0 219,6311$ 90152 678733 0 968.8851S 3,0]8,891 119340 0 3,198,331 R S 6989,764 1996868 1,3]0.018 8.358.628 Name of Redevelopment Agency. City of Azusa Redevelopment Agency Page 2of2 Project Area(s) Merged Central Business District B West End Proied Area RECOGNIZED OBLIGATION PAYMENT SCHEDULE Per AS 26 - Section 34177 , FISCAL YEAR 2011 -2012 Revised 02122/12 Protect Name/Debt Obligation Payee Desaiplon Total Due During Period Jan Feb Mar Payments b month Ma Jun Jul Total Source of Payment 18 Consultin Services Lance Soil 8 Lun hard Audit Services kO�tanding E 11,000 S 5,500 S E E S 5,500 S S i 11,000 Redeveloment ProTax Trust Fund RPTTF19 Bambinos FFE Bambino's Pizza Furniture Fixtures & E ui menl Loan 18,558 0 0 18,558 0 0 0 0 18,558 RPTTF 20 ENA not DM m North A2/A3 Lewis Retail Centers Potential L' uidated Deme es 10,000 0 0 0 0 10,000 0 0 10,000 RPTTF 21 Redev ConsulU Services Urban Futures Proed Administration 0 0 0 0 0 0 0 0 0 22 sisal Services RP Leurein Proraisal 975 W. Foothl0 D -Club 0 0 0 0 0 0 0 0 0 23 Appraisal Services RP Laurain Prop Appraisal San Gabriel Ave(Bilk 37 0 0 0 0 0 0 0 0 0 0 24 O er Convenam Aghm APPLE SOCAL LLCApplebee's Opershng Covenant Payment 0 0 0 0 0 0 0 0 0 0 25 Enviommental Services LSA Atlantis Garden CEOA Study, 26.491 0 0 0 0 0 0 0 0 0 26 Consulting SerNces Impact Sciences Atlantis Garden Specific Plan 2,060 0 0 0 0 0 0 0 0 0 27 ENA Atlantis Garden) Mercy Housing Potential Liquidated Damages 50.000 50,000 50,000 0 0 0 0 0 0 50,000 RPTTF 28 ENA fEnte rise Kai Pacific B Associates Hotel Appraisal 15,000 0 0 0 0 0 0 0 0 0 29 DDA 9WAlamede Kemp Pro City Ventures LLC Potential Liquidated Damages 25,000 25,000 0 25.000 0 0 0 0 0 25.000 RPTTF 30 DDA Azusa/Ano. H The Chorval Family LLC Potential Liquidated Damages 50.00 0 0 0 0 0 0 0 0 0 31 Consulting Services Overland Pacific & Cutler. Inc. Agenda Garden Replace Hart, Plan 0 0 0 0 0 0 0 0 0 0 32 Contract Purchase Order E & L Services Repair of Agency Property 11,690 11,690 1,670 1,670 1.670 1,670 1.670 7.670 1.670 11,890 RPTTF 33 Contract Purchase Ober Miss Azusa Scholarship Program Miss Azusa 6 Miss Ohnstanding Teen Azusa 0 0 0 0 0 0 0 0 0 0 34 Legal Services Best Best d Kreger er Redeveloment Legal Counsel 233.331 233,315 33,333 33,333 33,333 33,333 33.333 33.337 33,333 233,335 RPTTF 35 Agency Operations Verizon Reader Board Monthly Ufflfty Bill 750 875 125 125 125 125 125 125 125 875 RPTTF 36 Agency Operations Verizon Cell Phonefor Redev. Pro.Mr. 100 100 100 0 0 0 0 0 0 100 RPTTF 17 Agency Operations Iron Mountain Monthly Records Storage 870 870 145 145 145 145 145 145 0 870 RPTTF a Agency Operations National Construction Rentals, Inc. Sammy Fence 16-718 N. Dakon Av 1,572 1,834 262 262 262 262 262 262 262 7.834 RPTTF 39 Agency Operations AT&T Fax Machine 70 10 10 0 0 0 0 0 0 10 RPTTF 40 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 UNITY costs 4,610 3,948 658 658 658 658 658 658 0 3.948 RPTTF 42 Aftnw Operations Fed Ex Package Delivery 0 1 0 0 0 0 0 0 0 0 0 43 DDA Azusa/Arrow H AAJ Demolition of 17511 E. Arrow Hvvy 0 0 0 0 0 0 0 0 0 0 M Agency Operations Office Depot Office supplies 0 0 0 0 0 0 0 0 0 0 45 Advertising Sen Gabriel Valley Tribune Advertising and Public Notices 0 01215,644$ 0 0 0 0 0 0 0 46 Travel and MeetingExpenses US Bank Travel and Meetm Expenses 0 0 0 0 0 0 0 0 0 47 Bond Administration Wells Fargo Bank Trustee Administration Charges 7,500 11,500 0 2,500 0 0 0 4,DW 11.500 RPTTF 48 ContinuingDlsdosures Urban Futures ContinuingDisclosures 0 00 0 0 0 0 0 0 49 Bond Administration Bank of New York Mellon Trustee Administration Charges 0 00 0 0 0 0 0 0 50 Administrative Fees Ci of Azusa Successor an AdMnishative Fees 104,167 104.1670 0 0 0 104,167 0 104,167 Administrative Cost Allowance 51 Insurance Fees/Premiums ICRMA Inwrerrce-Liabifi Coverage to'" 10.(000 0 0 0 10.000 0 10.000 RPTTF 52 Property Taxes-Harrae Los Angeles CountyTex Collector Property Taxes - Former Tenant 170 3100 0 155 0 0 0 310 RPTTF 53 Price Company Developer Agreement Price FamilySales Tax Allocation Note 11.956,758 599,2700 70,600 154.470 120,600 179.500 74,100 599.270 RPTTF 54 Sales Tax Allo=U.n Note CI of Azusa Sales Tax Allocation Note 1.653.710 311,710 99.100 100.450 0 0 32.760 311.710 RPTTF 55 Note Pa able -Price C" of Azusa Sales Tax Due Ci 22.413.744 00 0 0 0 0 0 0 56 SERAF-FY 2010-11 Loan Ci of Azusa L&W FY 201011 SERAF Payment to State 520,248 523.269 2.599 2.612 2,625 2.638 510.209 0 523,269 RPTTF 57 Unem ant Benefits EDD Une . benefit costs to former RDA em ees 140,400 34,200 5,400 5.400 5,400 6.750 5,400 5,850 34,200 RPTTF 58 Termination Costs Former Employees Teminetion costs to former RDA employees 36,700 36,700 0 0 0 0 0 0 36,700 RPTTF Totals - This Page (1) it) All payment amounts are estimates S 37,494,584 $ 1,998,846 E 168.292 S 236,313 S 196.843 S 181,681 S 078733 E 119,3401 E 1,998.846 Name of Redevelopment Agency: Azusa Redevelopment Agency Page 1 of 1 Project Area(a) Merged Central Business Distda B West End Project Area OTHER RECOGNIZED OBLIGATION PAYMENT SCHEDULE Per AB 26 - Section 34177 FISCAL YEAR 2011- 2012 Revised 0V2V12 Total Outstanding Total Due During Payrrtante by month Proje Name/Debt Obli aVon Payee Desai bon Dao or Obligation Period Jan Feb Mar Apr May Jun Jul Total Source of Payment 1 Pass Through Est Co."Pass-Throw h/Admin S 68113,558 S 11281,525 S - $ - $ - S - $ 1,281,525 S - 5 $1,281,525 Redevelo mentP Tex Trust Fund RPTTF 2 Pass Throw h Est Statutq Tao Sharing Pass-Theough 11,148,017 88,493 0 0 0 0 88.493 0 0 88.493 RPTTF 3 0 4 0 5 0 6 0 0 B 0 9 0 0 0 1 0 2 0 3 0 4 0 5 0 16 0 7 0 8 0 9 0 20 0 —Ul 0 22 0 20 0 24 0 25 0 26 0 27 0 28 0 Totals - Other Obll a0ons 1 $ 79,261,675 $ 1.370.018 1 S S -is S - S -is - $ - S 1,370,018 (1) All payment amourn, arc estimates. - Name of Redevelopment Agency: Azusa Redevelopment Agency Page 1 of 1 Project Area(s) Rench Center Project Area OBLIGATION PAYMENT SCHEDULE Per AB 26 - Section 34177 FISCAL YEAR 2011 -2012 Revised 02122/12 Project Name / Debt Obligation Payee Description Total Outstanding Debt or Obligation Total Due During Period Jan Feb Mar Payments by month A r Ma Jun Jul Total Source of Payment 1 C' LBW Enterprise Loan C' of Azusa LBW Fund 25 -Year Secured Note - Revolvin $ 2,128,868 $ 151,445 $ $ $ S - $ $ 151,445 $ $151,445 Redevelopment ProTax Trust Fund RPTTF 2 CitLoan Cb of Azusa Unsecured Note - Due City 5,187,363 125,590 0 0 0 0 0 125,590 0 125,590 RPTTF 3 Sales Tax Reimbursement C' of Azusa Sales Tax Due C' 1,508,508 15,880 0 0 0 0 0 15,880 0 15,880 RPTTF 4 CitL&W Enterprise Loan C' of Azusa L&W Fund Advance/Rehabilitation improvements 1,902,066 77,715 0 0 0 0 0 77,715 0 77,715 RPTTF 5 SERAF•FY 2010-11 Loan C' of Azusa FY 2010-11 SERAF Payment to State 8,713 8,713 44 44 44 4d 8,537 0 0 8,713 RPTTF 6 0 7 0 B 0 9 0 10 0 17 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 totat•All Pages t (1) All payment amounts are estimates. $ 10,735.518 $ 4,254,061 S 14,988,579 E $ f 379,343 47.608 426,951 $ S f 44 d4 $ $ $ 44 44 $ $ S 44 44 $ 44 $ $ 44 $ 8.537 E f S,S37 $ 370,630 $ $ 770,670 $ S$ $ $ S 37g,343 47,608 426,961 Name of Redevelopment Agency Azusa Redevelopment Agency Project Area(s) Ranch Center Project Area OTHER RECOGNIZED OBLIGATION PAYMENT SCHEDULE Per AB 26 - Section 34177 FISCAL YEAR 2011 - 2012 Page 1 of 1 Revised 02/22112 Prcject Name / Debt Obligation. Payee Description Total Outstanding Debt or Obfi ation Total Due During Period Payments by month Jan Feb Mar Apr May Jun Jul Total Source of Payment 1 Pass Through Agreement Azusa Unified Pass Through $264,917 $3,650 $0 $0 $0 $0 s0 $3,650 $0 $3,650 Redevelopment Prop Tax Trust 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 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Totals -Other Obligations 1 f 4,264,0611 $ 47,608 $ $ f I f I f I $ 47,6081$ Is 47,608 (1) All payment amounts are estimates.