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HomeMy WebLinkAboutResolution No. 12-R19RESOLUTION NO. 12-1119 A RESOLUTION OF THE SUCCESSOR AGENCY OF THE FORMER REDEVELOPMENT AGENCY OF THE CITY OF AZUSA APPROVING AND ADOPTING AN AMENDED RECOGNIZED OBLIGATION PAYMENT SCHEDULE PURSUANT TO AB 1X 26 WHEREAS, because Successor Agency of the former Redevelopment Agency of the City of Azusa ("Agency") adopted the "Recognized Obligation Payment Schedule" ("ROPS"), Resolution No. 12-R14, dated April 2, 2012, and is operative from July 2012 through December 31, 2012, the previously adopted ROPS needs to be amended so that the Agency may continue to meet the Agency's enforceable obligations, all as required by Health and Safety Code section 34169, and WHEREAS, all other legal prerequisites to the adoption of this Resolution have occurred. NOW, THEREFORE, BE IT RESOLVED, determined and ordered by the Successor Agency of the former Redevelopment Agency of the City of Azusa, as follows: Section 1. Recitals. The Recitals set forth above are true and correct and are: incorporated into this Resolution by this reference. Section 2. CEOA Compliance. The amendment of the ROPS through this Resolution does not commit the Agency to any action that may have a significant effect on the environment. As a result, such action does not constitute a project subject to the requirements of the California Environmental Quality Act. The Agency Secretary is authorized and directed to file. a Notice of Exemption with the appropriate official of the County of Los Angeles, California, within five (5) days following the date of adoption of this Resolution. Section 3. Approval of Amended ROPS. The Agency hereby approves and adopts the amended ROPS, in substantially the form attached to this Resolution as Exhibit B, so that the Agency may continue to meet its enforceable obligations, all as required by Health and Safety Code section 34169, during the time period from July 1, 2012 through December 31, 2012, The Agency reserves the right to further amend the ROPS in the future to make the ROPS more accurate. Section 4. Posting; Transmittal to Appropriate Agencies. The Executive Director is hereby authorized and directed to post a copy of the ROPS on the City's website. The Executive Director is further authorized and directed to transmit notice, by mail or electronic means, to the Los Angeles County Auditor -Controller, the State Controller and the State Department of Finance, providing the website location of the posted ROPS and other information as required by AB 1X 26 regarding the Agency's adoption of the amended ROPS. Section 5. Effectiveness. Agency approval of the amended ROPS pursuant to this Resolution shall not be effective for three (3) business days following the date of adoption of this Resolution, in accordance with Health and Safety Code Section 34169. PASSED AND ADOPTED at a regular meeting of the Redevelopment Agency of the City of Azusa on the 23`d day of April, 2012. Joseph R. Rocha, Chair I, Vera Mendoza, Secretary of the Redevelopment Agency of the City of Azusa, do hereby certify that the foregoing Resolution No. 12-R19,was duly and regularly adopted by the Redevelopment Agency of the City of Azusa at its regular meeting on the 23`d day of April, 2012, and that the same was passed and adopted by the following vote, to wit: AYES: NAYS: ABSENT: ABSTAIN BOARDMEMBERS: GONZALES, CARRILLO, MACIAS, HANKS, ROCHA BOARDMEMBERS:NONE BOARDMEMBERS:NON BOARDMEMBERS:NON. EXHIBIT C AMENDED RECOGNIZED OBLIGATION PAYMENT SCHEDULE [Attached behind this page] Name of odemi.scrcnt Agenq: M, of Azusa RedembpmeM Agenry EXHIBIT Page1 oft PmjMAme(s) MergM Central Business Distad 6 West End Proj,. Area RECOGNIZED OBLIGATION PAYMENT SCHEDULE Per AS 26 - Section 341]] FOR THE FIRST SIX MONTHS OF FISCAL YEAR 2012 - 2013 o4/23HY Page 1 of 5 Plojeq Name /CeM obligation Pierce prscdlAion Tom l l0blintlman Tom ortt,e WMg pend ar001 a9an Penotl JU1 2013 Pug Pa menti month Sepl Oct Nov ptt Total Soma olPayment 1 Tax AAow4on Bond, Bond Hokers 2008 Same A Merged TA. Bonds $ 13,550656 5 328694 $ 328694 $ 5 S S 5 $ 325,694 Redevelopment Prop Tax Trust Fund RPTTF 2 Tax Aflocadon Bonds Band Holders 2003 Merged! TA. ReNntlin Bonds 10,226108 661,090 681.090 661,090 RPTTF 3 Tax Allocation Bonds Bond HONers 2005 Me ed TA. Bonds 18,656,081 174,713 174,713 124.213 RPTTF 4 Li MFund Advance Light end Water Advance522445 Fm1MMherre Site 25856041 229,831 239831 229,831 RPTTF 5 Whn Fund Andante Li bt and Water Cit, AdOAmicanalarshap 9629610 262,290 262,790 262290 RPTTF 6 Water Fund Advance Laid nord! Water Cr, Adv1619621 N. Azusa (rN, Bb 1911.229 2,811 2,611 26t1 RPTTF 2 Reimb Agreement ON of Azusa PolmO Agril Refunding COP'S 3,255000 301,925 301,925 301,925 RPTTF 8 H ... wo Bonds Bond Holders 20085edas B H..slnA T.A. Bards 22.202236 505354 505,354 505354 RPTTF 8 Tax Allocation Bonds Bonn Holders MIT Bad- A Tax A0oce11on Bands 25,802123 850023 850,023 060023 RPTTF 10 Tox Allocrtea Bonds Bond Holmes 2007 Bad. B Tax Allocation Bond a 7950606 209,322 209,28 209,222 RPTTF 11 i A6ante RDALewAbdiwd 20 12 Water Fund Advance LiMand Water Ci Adv R450A/AxusaAlat ReaderBN 499.425 4994 .) 49,943 49,94]offer 13 Aedtm,Cam lance Arbitrage Co9ance5 da8sts Arterial wkuladon for Bonds 6,100 5325 3.325 2,000 5325 RPTTF 14 PdceMedcaNefe MBLCwewlLww 0 0 15 Pm Tax Canaan HDL Comn B Cone Tax lnceement Audit Services 11,000 5,500 2.250 2,750 5500 RPTTF Tatah-The Page 41) Tome - Page 2(1) Totals - Other ObIgationa Grand lolel-All Pages 114 571.326 38,381.246 0 152952.522 S4.829300 2602021 1.2T1,279 0 S ]22846] 187,580 0 3.486.043 $ 0 429,835 D 429.835 $ 6,075 271,185 0 222,260 S 262,790 %235 0 359525 S 0 32085 0 32085 5 54693 203625 0 258,]88 S 3602021 1221095 0 4,823,118 )1) All payment amounts art estimates Page 1 of 5 Naim of Re elopment Pgerrcy. 01, of Ary Red.lo,ment AOenq EXHIBIT PAN 2 f Propd Area(s) Memal Central Bueineae D'vMtl 6 Wen EM Project Area RECOGNIZED OBLIGATION PAYMENT SCHEDULE Per AB 26 -Section 34177 FOR THE FIRST SIX MOMN9 OF FISCAL TEAR 2012 - 2013 OW2v11 dName I Coltotfoo P ee Oe­dIkoo Tebl Oubta", Total Cu. Gnioo DedarO alien 1. JuIN12 A P menti oy ..hPlo Se Od Nw Doc Toni I S . .1 Poinoont 10 ConsuN S.M. lane Sol B Lu h.H AWA S,m. S 11000 $ 5,500 S 5,500 $ S - S - $ - $ - S SSW RWeb M Prop Tax Tryst FUM 19 Bamdnm FFE BamNno's Fi= F.W.. F ree 6 E u ent Loan 7,690 ],US 3,845 - - - - - 3,045 RPTTF 20 ENAA rml Dlmm North ALAS Lewis Reloil Cenlem Potentlal 11 uldoteJ Da 10,000 10000 - - - loom 10,000 RPTTF 21 Rodev ComuSr Swim Urban F.,. BOM D'ecbaurea 10.000 - Io,o00 - - - 10000 RPTTF 22 GwkwmsntaLiwWcas LSA A14Mia4nrtlwr<EQ0. 24 DDA 9WA6meEa Hloo Pre C' V..ho. LLC PatanOelU uNaleE D.rrap. 25,000 25,000 25,000 - 25.000 RPTTF 25 ODA NM- fie Coomal Famly LLC Publcl a _.ts 200,000 200,000 - 200.00D - 2WD00 RPTTF 26 Coind Purzbme Crier EB L Secnm R is of Pro 600 ]Co 50 50 50 50 50 50 300 RPTTF 22 Local S¢ Be -t. Bed& RoolovolpecitL al Cwmsel 233.]]1 90,000 15,000 15.00" 15000 15,000 15,000 15,OW 90,000 RPTTF 20 Operabore Veroen Reeler 80aM MaMl1 ail 2,000 840 140 1401 140 140 140 140 040 OMer 29 An, Opto.b000 Inn MouNan Mon Reno S Slonem, 2000 070 145 145 145 1451 005 145 370 IRPTnF 30 8. AArirrsbeEmr WoIS Fe oBook Tnnlea Adn hatlon COe es 18OW 9000 4,000 - - - 5000 9.000 RPTTF Jt trirtlstraBve Abortion Col, of Musa Su[mafa AEmr¢VeEve Noretlen 240,000 118,998 - - - - 118998 110996 Adoloi,a Albwanw 32 Imumna FooY,,niurra ICRMA relum� 1okyCme 10,001 10,000 - - - 10000 10.000 RPTTF ]l Prlce Com oeveb r meM Pnce Fanil, Soba To. Allocation Note 11,956.758 425.100 74,100 125,000 150,000 MON - - 42510 Olber 34 Sales Tax Albation Nolo G al Azma Sales Tax Alowfioo Note 1653,710 311710 79AOO 99.100 100450 - - 32700 ]11]10 Other 35 Note Peahlo-Poa city ofAusa Sobs Tax Due Qty 22413744 - - - Other ]B SERAFF 201011 Loan UhleM Waler FY 3010.116ERAF Pa meMto Slato 520,248 32,168 - - 16104 16184 RPTTF l7 Unem menl BemM1b EDO Unem . bem8(cons to Mrmer RDAem loam U0400 33750 5,400 5,400 5,400 5400 6750 5600 33750 RPTTF JB NaAan Ltt Pro' bane CanMM/Cnetlan li ho aM NMler Low oo I.- Housi aEvana 926,765 - - - - - - gPTTF 19 Talah -Tbb Pa9e(1) S 38.381,246 S 1277279 S 107.580 S 479.835 1 $ 271,185 $ 98.735 S 32,005 $ 203,875 S 1,27105 III AIpry of-unls an sallmdaa Page 2 of 5 Name of RetlevelApment Al r — ReOewlopmeol All EXHIBIT C Page l of l pooled Ma(s) MemeECeMrzl Buzlnezz 01511id8Met EnO Pm ed Are. OTHER RECOGNIZED OBLIGATION PAYMENT SCHEDULE Per AB 26 -Section U171 FOR THE FIRST 51%MONTIS OF FISCAL YEAR 2012-201] Oa20112 Page 3 of 5 Name of Redevelopment Agency: Azusa Redevelopment Agenoy EXHIBIT Page t oft Projed Areas) Ranch Center Project Area RECOGNIZED OBLIGATION PAYMENT SCHEDULE Per AS 26 - Section 34177 FOR THE SIX MONTHS OF FISCAL YEAR 2012 - 2013 04123112 Project Name/ Debt Obligation Payee Desrai tion Total Outstanding Debtor Obligation Total Due During Period Jul 2012 Aug Payments by month said Oct Nov Dec Total Source of Payment 1 City LBW Enterprise Loan Light and Water 25 -Year Secured Note - Rev hrm $ 1,469,254 367,312 S S S S $ $ 367.312 $ 367.312 Redevelopment Prop Tax Trust Fund RPTTF 2 City Loan/Debt Obligation Bond CityofAausa 1990 APFA Bond Outy Lease Loan Draw 5,18],363 207,495 207495 207495 RPTTF 3 Sales Tax Reimbursement City of Azusa Sales Tax Due City 1,508508 52,788 52]98 52.798 Other 4 City LBW Enter,mse Loan Light and Water AdvanralRehabllltamm Improvements 1,902,066 77,715 77,715 77,715 RPTTF 5 SERAF-FY 2010-11 Loan Light and Water FY 2010-11 SERAF Payment to State 8,713 272 272 272 RPTTF 6 Admimsbatve Allocation City of Azusa successor Agency Administrative Alloc 40,000 19,584 19,584 18584 AtlmimalraBve Allowance 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 0 0 "tUl1 $ 10115,904 $ $ 10115904 $ 725176 $ - $ $ - $ 725176 $ - $ - $ - S - S S - is $ $ 4 SO- $ S S s $ 725.1761$ - $ 725,1]6 $ 725,176 - 725,176 (1) All paymerd amounts are estimates. Page 4 of 5 Name of Redevelopment Agenq Azusa Redevelopment AgeM EXHIBIT C Page 1 of 1 Proled Area(s) Ranch Center Projed Area OTHER RECOGNIZED OBLIGATION PAYMENT SCHEDULE Per AB 26 - Section 34177 FOR THE SIX MONTHS OF FISCAL Mail 2012.2011 0a2m12 Im. ��'J�71p17R9�IR��R11l7AlIR�--� ������ Page 5 of 5