HomeMy WebLinkAboutAgenda Packet - April 02, 2012 - CCAGENDA
REGULAR MEETING OF THE CITY COUNCIL
AZUSA AUDITORIUM III MONDAY, APRIL 2, 2012
213 EAST FOOTHILL BOULEVARD 6:30 P.M. Ceremonial
7:30 P.M. Regular Meeting
AZUSA CITY COUNCIL
JOSEPH R. ROCHA
MAYOR
KEITH HANKS ANGEL CARRILLO
COUNCILMEMBER MAYOR PRO -TEM
URIEL E. MACIAS ROBERT GONZALES
COUNCILMEMBER COUNCILMEMBER
6:30 P.M.
CEREMONIAL
1. Presentation of proclamatioIn to Library Director Johnson in recognition of National Library Week, April 8-
12, 2012.
2. Presentation of proclamation to Ms. Mary Dodd proclaiming April as "DMV/Donate Life California Month".
CLOSED SESSION
Prior to going into closed session the City Council will convene in the Auditorium serving as Council Chambers
to take public comment on the closed session items only. General public comment will be provided for during
the regular portion of the meeting beginning at 7:30 P.M
None.
04/02/12 1 _
NOTICE TO THE PUBLIC FOR REGULAR MEETING
Copies of staff reports or other written documentation relating to each item of business referred to on the
Agenda are on file in the Office of the City Clerk and are available for public inspection at the City Library and
Police Department Lobby. Persons who wish to speak during the Public Participation portion of the Agenda or
on a Public Hearing item, shall fill out a card requesting to speak and shall submit it to the City Clerk prior to
the start of the City Council meeting. Cards submitted after 7:30P. M will not be accepted.
7:30 P.M. - REGULAR MEETING OF THE CITY COUNCIL
1. Call to Order
2. Pledge to the Flag
3. Invocation — Bishop Neil Giles of the Church of Jesus Christ of Latter-day Saints
A. PUBLIC PARTICIPATION
This time has been set aside for persons in the audience to make public comments on items within the subject
matter jurisdiction of the council/agency board that are not listed on this agenda or are listed on this agenda
as an item other than a public hearing item. Members of the audience will have the opportunity to address the
city council about public hearing items at the time the public hearing is held. Under the provisions of the
Brown Act, the council is prohibited from taking action on oral requests, but may refer the matter to staff or to
a subsequent meeting. The council will respond after public comment has been received. Each person or
representative of a group shall be allowed to speak without interruption for up to five (5) continuous minutes,
subject to compliance with applicable meeting rules. Questions to the speaker or responses to the speaker's
questions or comments shall be handled after the speaker has completed his/her comments. Public
Participation will be limited to sixty (60) minutes.
B. REPORTS UPDATES AND ANNOUNCEMENTS FROM STAFF/COUNCIL
Councilmember Macias — Request for proclamation for Lizette Salas for qualifying and being admitted
to the LPGA, becoming a professional golfer and who recently qualified and will be playing in the
Kraft/Nabisco Championship in Rancho Mirage, CA.
2. Request for proclamation in honor of the 25' Anniversary of the Azusa Senior Center.
C. SCHEDULED ITEMS
1. CITY COUNCIL CONFIRMATION OF MAYORAL APPOINTMENTS OF MEMBERS TO
THE OVERSIGHT BOARD.
RECOMMENDED ACTION:
Approve and adopt Resolution No. 12-C21, confirming the Mayor's appointments of two (2) members to
the Oversight Board
04/02/12 - 2 -
r1
CA
3
1
2
3
Approve the second amendment to the Memorandum of Understanding (MOU) between the City of
Azusa and Foothill Transit to provide direction for the development of a park and ride facility between
Alameda Avenue and Dalton Avenue, north of Foothill Boulevard and south of 9h Street.
Receive this report 'and direct staff to pursue an ordinance regulating foreclosed and distressed
residential properties with staff administering the program.
The Consent Calendar adopting the printed recommended actions will be enacted with one vote. If
Councilmembers.or Staff wish to address any item on the Consent Calendar individually, it will be
considered under SPECIAL CALL ITEMS.
Approve Minutes as
Receive and file the
Approve the positions
on the legislation listed in this report.
04/02/12 1 _3 -
4. APPROVAL OF THE CONCESSION AGREEMENT BETWEEN THE CITY OF AZUSA AND
THE AZUSA YOUTH PROGRAM INC.
RECOMMENDED ACTION:
Approve the concession agreement between the City of Azusa and the Azusa Youth Program Inc. for a
period of sixty months from 4/3/2012 _ 4/3/2017. The concession agreement will once again give the
Azusa Youth Program Inc. the concession rights to the Memorial Park and Gladstone Park Snack Bars.
For these rights, Azusa Youth Program Inc. shall contribute 75% of their revenues to fund Azusa
Recreation and Family Services activities or events, while 25% shall be used for Azusa Youth Program
activities or programs, such as the Annual BBQ and the Christmas Shopping for Kids Programs.
5 WARRANTS. RESOLUTION AUTHORIZING PAYMENT OF WARRANTS BY THE CITY.
RECOMMENDED ACTION:
Adopt Resolution No. 12-C22.
SUCCESSOR AGENCY RELATED BUSINESS
E. SUCCESSOR AGENCY
1. ENFORCEABLE OBLIGATION PAYMENT AND RECOGNIZED OBLIGATION PAYMENT
SCHEDULES.
RECOMMENDED ACTION:
a. Waive further reading and adopt Resolution No. 12-R12, approving and adopting the amended
"Enforceable Obligation Payment Schedule" for the period of August 2011 to July 2012 pursuant to AB
1X 26.
b. Waive further reading and adopt Resolution No. 12-R13, approving and adopting the amended
"Recognized Obligation Payment Schedule" for the period of January 2012 to July 2012 pursuant to AB
1X 26.
c. Waive further reading and adopt Resolution No. 12-RI4, approving and adopting an additional
"Recognized Obligation Payment Schedule" for the period of July 2012 to December 2012 pursuant to
AB IX 26.
2, FORMER REDEVELOPMENT AGENCY TREASURER'S REPORT AS OF FEBRUARY 29,
2012.
RECOMMENDED ACTION:
Receive and file report.
3. WARRANTS. RESOLUTION AUTHORIZING PAYMENT OF WARRANTS BY THE
FORMER REDEVELOPMENT AGENCY.
RECOMMENDED ACTION:
Adopt Resolution No. 12 -RI 5.
04/02/12 - 4 -
F. ADJOURNMENT
1. Adjourn in memory of Theodore "Ted" Thomas Mendez
UPCOMING MEETINGS:
April 16, 2012, City Council Meeting — 6:30 p.m. Azusa Auditorium
April 23, 2012, Utility BoardlMeeting — 6:30 p.m. Light and Water Conference Room
May 7, 2012, City Council Meeting - 6:30 p.m. Azusa Auditorium
May 21, 2012, City Council Meeting — 6:30 p.m. Azusa Auditorium
May 29, 2012 (Tuesday) Utility Board Meeting — 6:30 p.m. Light and Water Conference Room
In compliance with Government Code Section 54957.5, agenda materials are available for inspection by
members of the public at the following locations: Azusa City Clerk's Office - 213 E. Foothill Boulevard,
Azusa City Library - 729 N. Dalton Avenue, and Azusa Police Department Lobby - 725 N. Alameda, Azusa,
California.
In compliance with the Americans with Disabilities Act, if you need special assistance to participate in a city
meeting, please contact the City Clerk at 626-812-5229. Notification three (3) working days prior to the
meeting when special services are needed will assist staff in assuring that reasonable arrangements can be
made to provide access to the I meeting.
04/02/12 - 5 -
=r
i
SCHEDULEDITEM
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: KURT CHRISTIANSEN, DIRECTOR OF ECONOMIC & COMMUNITY
DEVELOPMENTy
FFIT
VIA: JAMES MAKSHANO
, CY MANAGER
DATE: APRIL 2, 2012
SUBJECT: CITY COUNCIL CONFIRMATION OF MAYORAL APPOINTMENTS -OF
MEMBERS TO THE OVERSIGHT BOARD
RECOMMENDATION:
Staff recommends that the City Council, by motion, approve and adopt Resolution
confirming the Mayor's appointment of two (2) members to the Oversight Board.
BACKGROUND:
Assembly Bill 1X 26 provides that a successor agency is to be designated as the successor entity to
the former Agency, vested with all authority, rights, powers, duties and obligations previously
vested with the former Agency under the Community. Redevelopment Law, with certain
exceptions. The successor agency is to be responsible for the wind down of the Agency's affairs.
The City elected to be the Agency's successor agency under a previous Council action and the
activities of the City, as successor agency, will be overseen by an Oversight Board until such time
as all of the debts of the Agency are paid off, all Agency assets liquidated and all property taxes
previously paid to the Agency are redirected to local taxing agencies.
Health and Safety Code Section 34179, enacted by AB 1X 26, provides that the Oversight
Board is to be composed of seven (7) members, selected as follows:
• One member appointed by the Board of Supervisors
• One member appointed by the Mayor
• One member appointed by the largest special district, by property tax share, with
territory in the territorial jurisdiction of the Agency, which is the type of special
district eligible to receive property tax revenues pursuant to Health and Safety Code
Section 34188
• One member appointed by the County Superintendent of Education
• One member appointed by the Chancellor of the California Community Colleges
• One member of the public appointed by the County Board of Supervisors
AD
• One member representing the employees of the Agency appointed by the Mayor from
the recognized employee organization representing the largest number of former
Agency employees employed by the Successor Agency at that time
Based on Health and Safety Code Section 34179, the Mayor is responsible for appointing two
members to the Oversight Board. The Mayor has selected the following people for
appointment: (1) Councilmember Robert Gonzales as the member appointed by the Mayor;
and (2) Susan Paragas as the member representing Agency employees.
FISCAL IMPACT:
There is no fiscal impact associated with this action.
—2—
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
AZUSA, CALIFORNIA, CONFIRMING THE MAYOR'S
APPOINTMENTS OF TWO (2) MEMBERS TO THE
OVERSIGHT BOARD CREATED BY HEALTH AND SAFETY
CODE SECTION 34179 -ET SEQ., REGARDING
DISSOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF AZUSA
WHEREAS, pursuant to the Community Redevelopment Law (Health & Saf. Code, § 33000
et seq.) ("CRL"), the City Council of the City of Azusa ("City") created the Redevelopment Agency
of the City of Azusa ("Agency") to serve as the redevelopment agency within the City; and
WHEREAS, pursuant to Health and Safety Code section 34172, the Agency was dissolved
as of February 1, 2012; and
WHEREAS, Health and Safety Code section 34173 designates a successor agency to the
dissolved Agency, and provides that, with certain exceptions, all authority, rights, powers, duties and
obligations previously vested with the dissolved Agency, under the CRL, are vested in the successor
agency; and
WHEREAS, the City Council elected to serve as the successor agency to the dissolved
Agency; and
WHEREAS, Health and Safety Code sections 34179 through 34181 provide that the actions
of the successor agency to the dissolved Agency are subject to review and approval by an oversight
board ("Oversight Board"), to be created pursuant to Health and Safety Code section 34179; and
WHEREAS, the Oversight Board is to be comprised of seven appointees from affected local
taxing entities and the City, including two (2) members to be appointed by the Mayor; and
WHEREAS, at its meeting of April 2, 2012, the Mayor of the City of Azusa announced the
appointments of Councilmember Robert Gonzales, as the Mayor's representative to the Oversight
Board, and Susan Paragas, as the representative from the employees of the former Agency; and
WHEREAS, the City Council desires to confirm the Mayor's appointments to the Oversight
Board; and
WHEREAS, all other legal prerequisites to the adoption of this Resolution have occurred.
NOW, THEREFORE, BE IT RESOLVED by the City Council of -the City of Azusa,
California, as follows:
45635.09000\7362754.1
5
1
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
AZUSA, CALIFORNIA, CONFIRMING THE MAYOR'S
APPOINTMENTS OF TWO (2) MEMBERS TO THE
OVERSIGHT BOARD CREATED BY HEALTH AND SAFETY
CODE SECTION 34179 -ET SEQ., REGARDING
DISSOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF AZUSA
WHEREAS, pursuant to the Community Redevelopment Law (Health & Saf. Code, § 33000
et seq.) ("CRL"), the City Council of the City of Azusa ("City") created the Redevelopment Agency
of the City of Azusa ("Agency") to serve as the redevelopment agency within the City; and
WHEREAS, pursuant to Health and Safety Code section 34172, the Agency was dissolved
as of February 1, 2012; and
WHEREAS, Health and Safety Code section 34173 designates a successor agency to the
dissolved Agency, and provides that, with certain exceptions, all authority, rights, powers, duties and
obligations previously vested with the dissolved Agency, under the CRL, are vested in the successor
agency; and
WHEREAS, the City Council elected to serve as the successor agency to the dissolved
Agency; and
WHEREAS, Health and Safety Code sections 34179 through 34181 provide that the actions
of the successor agency to the dissolved Agency are subject to review and approval by an oversight
board ("Oversight Board"), to be created pursuant to Health and Safety Code section 34179; and
WHEREAS, the Oversight Board is to be comprised of seven appointees from affected local
taxing entities and the City, including two (2) members to be appointed by the Mayor; and
WHEREAS, at its meeting of April 2, 2012, the Mayor of the City of Azusa announced the
appointments of Councilmember Robert Gonzales, as the Mayor's representative to the Oversight
Board, and Susan Paragas, as the representative from the employees of the former Agency; and
WHEREAS, the City Council desires to confirm the Mayor's appointments to the Oversight
Board; and
WHEREAS, all other legal prerequisites to the adoption of this Resolution have occurred.
NOW, THEREFORE, BE IT RESOLVED by the City Council of -the City of Azusa,
California, as follows:
45635.09000\7362754.1
Section 1. Recitals. The Recitals set forth above are true and correct and incorporated
into this Resolution by this reference.
Section 2. Confirmation of Mayoral Appointments. The City Council hereby
confirms the Mayor's appointments of Councilmember Robert Gonzales, as the Mayor's
representative to the Oversight Board, and Susan Paragas, as the representative from the employees
of the former Agency.
Section 3. Implementation. The City Council hereby authorizes and directs the City
Manager to take any action necessary to carry out the purposes of this Resolution, including, but not
limited to, notifying the Los Angeles County Auditor -Controller, the Controller of the State of
California, and the California Department of Finance of the adoption of this Resolution and the
Mayor's appointments of the above-named people to the Oversight Board.
Section 4. Severability. If any provision of this Resolution or the application thereof to
any person or circumstance is held invalid, such invalidity shall not affect other provisions or
applications of this Resolution that can be given effect without the invalid provision or application,
and to this end the provisions of this Resolution are severable. The City Council hereby declares that
it would have adopted this Resolution irrespective of the invalidity of any particular portion of this
Resolution.
Section 5. Certification. The City Clerk shall certify to the adoption of this Resolution.
Section 6. Effective Date. This Resolution shall become effective immediately upon its
adoption.
PASSED AND ADOPTED this 2nd day of April, 2012.
ATTEST:
City Clerk
Mayor
CERTIFICATION
I, , City Clerk of the City of Azusa, do hereby certify that the foregoing
45635.0900017362754.!
Ft.
Resolution No. was duly and regularly adopted by the City Council of the City of Azusa at a
regular meeting thereof on the day of , 2012 and that the same was passed and
adopted by the following vote, to wit:
AYES:
NOES:
ABSENT:
ABSTAIN:
4563 5.09000\7362754.1
City Clerk
w
SCHEDULEDITEM
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: TITO HAES, ASSISTANT CITY MANAGERIPUBLIC WORKS DIRECTOR
VIA: JAMES MAKSHANOFI�CITY MANAGER
DATE: APRIL 2, 2012
SUBJECT: SECOND AMENDMENT TO THE MEMORANDUM OF UNDERSTANDING
BETWEEN THE CITY OF AZUSA AND FOOTHILL TRANSIT TO PROVIDE
DIRECTION FOR THE DEVELOPMENT OF A PARK AND RIDE FACILITY
RECOMMENDATION
Approve the Second Amendment to the Memorandum of Understanding (MOU) between the City of
Azusa and Foothill Transit to provide direction for the development of a park and ride facility between
Alameda Avenue and Dalton Avenue, north of Foothill Boulevard and south of 9`h Street.
BACKGROUND
On October 4, 2010, the City Council authorized the City Manager to enter into an MOU between the
City of Azusa and Foothill Transit to provide direction for the development of a park and ride facility
between Alameda Avenue and Dalton Avenue, north of Foothill Boulevard and south of 91h Street. On
September 19, 2011, the City Council approved the First Amendment to the MOU. This First
Amendment includes verbiage that the City of Azusa will reimburse Foothill Transit, in an amount not
to exceed $468,000, for funds spent on the environmental review should the Environmental Impact
Report (EIR) not be approved by the City of Azusa.
Staff has obtained approval from Caltrans to pay for environmental review on the proposed parking
structure on Alameda using the $2,000,000 fiscal year 2005 (FY05) federal earmark. These funds can
only be used towards a parking structure in the downtown Azusa area. At this time, staff has
confirmation that this money can be spent on the environmental review for the parking structure.
However, according to the First Amendment of the MOU, the City would have to reimburse Foothill
Transit the environmental review costs, up to $468,000, if the EIR is not approved. It is unclear if
Caltrans would approve spending funds on an EIR that has already been considered and not approved.
As such, staff recommends approval of the Second Amendment to the MOU between the City of Azusa
and Foothill Transit. The proposed Second Amendment would authorize the City of Azusa to
immediately reimburse Foothill Transit for the environmental review of the structure. This would
eliminate the uncertainty of whether the federal earmark funds could be used to reimburse Foothill
Transit for an EIR that has already been considered and not approved.
At their Regular Meeting on March 23, 2012, the Foothill Transit Executive Board approved the
proposed Second Amendment to the MOU between the City of Azusa and Foothill Transit.
FISCAL IMPACT `
The existing MOU states tha the City's contribution will not exceed $5,559,000. The proposed Second
Amendment would not increNse the City's contribution to the parking structure. The proposed Second
Amendment would only ensure that the FY05 federal earmark funds would be spent on the
environmental review. If the Second Amendment is not approved, there is the possibility that the City
might have to reimburse Foothill Transit for the EIR costs using much more flexible Prop A or C funds
or even general funds.
Attachment: Second Amendment to the Memorandum of Understanding
4
CITY OF AZUSA
SECOND AMENDMENT TO FOOTHILL TRANSIT
MEMORANDUM OF UNDERSTANDING
1. PARTIES AND DATE.
This Second Amendment to the Memorandum of Understanding (MOU) ("Second
Amendment") is entered into on the day of , 2012, by and between the City of
Azusa, a municipal corporation organized under the laws of the State of California, with its
principal place of business at 213 East Foothill Boulevard, Azusa, California 91702-1295
("City") and Foothill Transit, a joint powers agency organized under the laws of the State of
California with its principal place of business at 100 South Vincent Avenue, Suite 200, West
Covina, California 91790 ("Foothill Transit"). City and Foothill Transit are sometimes
individually referred to herein as 'Party" and collectively as "Parties".
2. RECITALS.
2.1 Agreement. The Parties entered into that certain Memorandum of Understanding
dated October 4, 2010 ("Original MOU"), whereby Foothill Transit agreed to partner with the
City to cause a park and ride facility to be constructed within the City for use by multiple public
agencies and the public. .
2.2 First Amendment. The Parties amended the Original MOU to: (1) provide for a)
the.City's reimbursement of costs associated with the environmental review process and b)
defense and indemnification of Foothill Transit in the event that the Project is approved, but later
successfully challenged in court; and (2) clarify that Foothill Transit's minimum financial
contribution to the construction of the Project is $4 million dollars.
2.3 Second Amendment. The Parties now desire to further amend the Original MOU
and First Amendment to provide that the City will immediately begin to reimburse Foothill
Transit for environmental review process costs that have already been incurred and will continue
to be incurred.
3. TERMS.
3.1 Preconstruction Environmental Review.
A. The following which was added in the First Amendment:
"However, in the event that the project is approved by the City, but later successfully
challenged in court resulting in the loss of approvals to, construct the Project, City shall
reimburse Foothill Transit for costs incurred in preparing and processing all environmental
documents related to the Project as required by the California Environmental Quality Act, or
other State or Federal laws. City's reimbursement obligation hereunder, shall not exceed
$468,000." Shall hereby be deleted.
B. Section B of Article 5 of the Original MOU shall be amended to read as follows:
"Foothill Transit and City shall be jointly responsible for the funding and
commissioning and preparation of final design plans, construction drawings and specifications
for construction of the Project. Foothill Transit will be solely responsible for the
commissioning and preparation of final design drawings, construction drawings and
specifications related to the Electric Bus Charging Station. However, the drawings and
specifications for the Electric Bus Charging Station will be submitted to the City for
review, comment, and approval. In addition, Foothill Transit will be responsible for the
funding, preparation and assuring completion of all environmental documents and
clearances required under Federal and State law for the Project, however, City shall assist
with the funding of the preparation of environmental documents up to a maximum amount of
$468,000.
3.2 Continuing Effect of Agreement. Except as amended by this Second
Amendment, all provisions of the Original MOU shall remain unchanged and in full force and
effect. From and after the date of this Second Amendment, whenever the term "MOU" appears
in the MOU, it shall mean the MOU as amended by this Second Amendment.
3.3 Adequate Consideration. The Parties hereto irrevocably stipulate and agree that
they have each received adequate and independent consideration for the performance of the
obligations they have undertaken pursuant to this Second Amendment.
3.4 Counterparts. This Second Amendment may be executed in duplicate originals,
each of which is deemed to be an original, but when taken together shall constitute but one and
the same instrument.
CITY OF AZUSA FOOTHILL TRANSIT
James Makshanoff
City Manager
APPROVED AS TO FORM:
Best Best & Krieger LLP
City Attorney
to
Doran J. Barnes
Executive Director
APPROVED AS TO FORM:
Thompson Coburn LLP
Special Counsel to Foothill Transit
'4
SCHEDULED ITEM
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY. COUNCIL
FROM: KURT CHRISTIANSEN, DIRECTOR OF ECONOMIC & COMMUNITY
DEVELOPMENT
p�
VIA: JAMES MAKSHANOFF, CITY MANAGER
DATE: APRIL 2, 2012
SUBJECT: CONSIDERATION OF REGULATION OF FORECLOSED AND DISTRESSED
RESIDENTIAL PROPERTIES
RECOMMENDATION:
That the City Council receive this report and direct staff to pursue an ordinance regulating
foreclosed and distressed residential properties with staff administering the program.
BACKGROUND:
The number of homes in various stages of pre -foreclosure, foreclosure, auction and trustee's sales
(collectively referred to as the "Foreclosure Process") in some areas have risen to their
highest levels in more than 16 years. The properties in the Foreclosure Process often end up
vacant, neglected, and abandoned for prolonged periods of time. This has translated to an
increased number of residences in some cities with dry, dead or overgrown weeds and
vegetation; trespassers, vandals and thieves entering the property; graffiti vandalism of both
the exterior and interior of the dwelling; accumulation of.junk, debris, trash, personal
items; and pools with polluted water and/or mosquito larvae. The lack of security and
maintenance of abandoned residential property can result in other detrimental effects,
including unsightly appearance, blighted residential neighborhoods, the lowering of
surrounding property values, increased crime, and the discouragement of potential
buyers from purchasing homes in adjacent neighborhoods affected by the resulting squatting,
vandalism, and burglaries. As a result of these problems a number of companies have been
formed to assist cities in regulating the properties to reduce negative impacts.
One such company has approached staff with a proposal to administer a regulatory program.
This report will review the components of such a program and will serve to seek Council
direction on whether to establish it. Further, this report will provide the letter of interest from
Neftali Cortez to administer a program for the City.
A
ANALYSIS
Foreclosed and Distressed Property Ordinance
The first step in determining whether to pursue regulation is to look at whether the City is
experiencing the same problems that other cities have faced in this area. Based on a review of
city documents and open code enforcement files it appears that abandoned and distressed
properties are not a problem in the City. We have identified less than 10 such properties as of
March 1, 2012.
Another consideration is whether a regulatory program can be handled by staff or whether the
program should be handled by an outside contractor. Some cities use in-house staff and generate
revenue to offset the program costs and other cities use contractors who administer the program.
In the case of Azusa, staff has indicated that a program of this nature could be managed in-house.
As a mechanism to protect residential neighborhoods from becoming blighted through the
lack of adequate maintenance and security of such residences, as well as to address the
detrimental effects resulting from foreclosed abandoned residences, some cities have
adopted an Abandoned and Distressed Residential Properties Registration Program
ordinance ("Ordinance") and a resolution setting forth the registration fee. Based on a survey
conducted by the City Attorney, it appears that numerous California communities have
adopted similar registration programs, including the cities of Chula Vista, Beaumont, Lake
Elsinore, Claremont, El Monte, Murrieta, Palmdale, Rialto, Riverside, Santee, Stockton,
Temecula, Watsonville, Indio, Cathedral City, Desert Hot Springs, San Jose and Covina.
In essence, there are three components to the Ordinance. First, the Ordinance establishes a
registration program for abandoned residential properties that are either in the foreclosure
process or have been foreclosed. Second, the Ordinance imposes maintenance and security
requirements to address the conditions typically observed at such vacant abandoned residences.
Finally, the Ordinance incorporates Senate Bill 1137, signed into law on July 8, 2008,
which, among other things, permits cities to impose a fine of up to $1,000.00 per day for
the failure to maintain and secure a residence. The key provisions of the Ordinance are
discussed in more detail below.
Registration Program
Pursuant to the Ordinance, the banks/lenders are required to inspect the residential property
upon default by the trustor (i.e., property owner) and prior to recording a notice of default, as
required under the state's foreclosure laws or deed in lieu of foreclosure/sales. The
banks/lenders are then required to register the residential property with the City. In
registering the property, banks/lenders will be required to provide the contact information of
a person or a company responsible for the maintenance of the abandoned property and
pay an annual registration fee, discussed in more detail below. If banks/lenders fail to
register the abandoned residential property, pursuant to the Ordinance, the City may do so and
impose the registration fee, following a written notice.
—2—
The Ordinance can also require banks/lenders that are located in excess of forty miles from the
abandoned residential property to retain a local management company to maintain, secure,
and take care of the property. This is an important tool because when a residence is in default
or foreclosed, it is often difficult to locate the lender, trustee or the entity that has
become responsible for maintaining and securing the residence. The Ordinance imposes an
affirmative duty upon the banks/lenders to inspect, register and provide the City with the
contact person and/or company for maintenance purposes.
Contents of Registration
Under the Ordinance, by registering the abandoned residence, the lenders/banks will be
required to provide: 1) the name, 2) the direct street/office mailing address (excluding P.O.
boxes), 3) a direct contact name and phone number, and 4) in the case of a corporation or
out -of -area beneficiary/trustee, the local property management company responsible for
the security, maintenance and marketing of the property. Additionally, lenders/banks will
be required to inform the City of any changes to the contact information within ten days of the
change.
Maintenance and Security Requirements
The Ordinance imposes various maintenance requirements to address the conditions typically
observed by City staff at abandoned residences, including dry, dead or overgrown
landscaping and vegetation, graffiti vandalism of both the exterior and interior of the
dwelling, accumulation of junk, debris, trash, personal items, pools with polluted water or
mosquito larvae growing in the water. The Ordinance also seeks to protect public health
and safety by preventing combustible sewer gases from entering abandoned properties by
requiring plumbing traps to be filled with vegetable oil. The Ordinance also requires
lenders/banks to secure the property in a manner that would prevent trespassers, vandals,
thieves or any unauthorized persons from entering the properly.
Resolution Establishing Program Fee Amount
The administration and implementation of the Abandoned and Distressed Residential Properties
Registration program entails incurring of additional costs. Generally, a city adopts a
Resolution establishing an annual registration fee. The amount of the fee is based on
surveys of the registration fee charged by cities currently implementing an abandoned
residences registration program within the state and upon the actual cost of administrating and
enforcing the Ordinance. The following is the survey of annual registration fees provided by
the City Attorney and Mr. Cortez:
City of Desert Hot Springs - $60.00
Cathedral City - $70.00
Beaumont - $150.00
Indio - $150.00
El Monte - $398.00
Eastvale - $70.00
Covina - $150.00
—3—
Proposal by Neftali Cortez
i
As indicated in the attachment, Mr. Cortez has submitted a proposal to administer the program
for the City. This would require that the City adopt the required ordinances as outlined earlier in
this staff report and Mr. Cortez would not be involved with the ordinance adoption effort. At the
time of the proposal, Mr. Cortez found there to be 53 properties in the City that had become bank
owned within the previous 120 days; however, few of these if any are actual code enforcement
problems for City staff at this time.
The compensation requested by Mr. Cortez is on a sliding scale and calls for 50% of the
collected amounts obtained from the collected registration fees with their share of the fees
dropping to 40% if a minimum of $120,000.00 is collected under the programa Should the City
ultimately decide to have staff implement and administer the program, Mr. Cortez would be
entitled to 20% of the fees paid.
CONCLUSION
Staff currently does not believe that an abandoned property crisis exists in the City. However,
staff recognizes that a foreclosure and distressed properties ordinance and program could be of
benefit down the road and could also generate revenue for the City. Given the fact that the City
would have to incur the cost of establishing the ordinance as well as the fact that staff could
administer the program without an outside consultant, our position is that the best course of
action would be to direct staff to prepare and administer the ordinance and program.
FISCAL IMPACT
Should the City Council decide to pursue regulation City staff and the City Attorney will work
together to prepare the necessary ordinance and resolutions and the City will be charged for the
preparation of the documents. The total costs from the City Attorney's office should not exceed
$2,500. It is unclear what the revenue associated with this program would be but staff is fairly
certain that the $2,500 will be easily recouped.
m
Foreclosed Property Registration Program
Implementation and Oversight
Express Letter of Interest
December 5, 2011
The City of Azusa
213 E. Foothill Blvd.
Azusa, Ca 91702
Submitted by:
Neftali Cortez DRE Lic. # 00560181
Certified REO Broker
Certified Distressed Property Expert
ReMax Realty 100, Inc
20855 E. Golden Springs Dr, #200
Diamond Bar, Ca 91765
Services: Neftali Cortez agrees to provide Real Estate Owned (REO) and Distressed
Property Oversight Services to the City of Azusa subject to the terms and conditions of this
Agreement. Said services' objectives are to minimize neighborhood blight by indentifying
properties that are in distress and have entered the foreclosure process, and to proactively
address the issues inherent in the foreclosure property, and which negatively impact quality
of life of the residents in the vicinity of homes in foreclosure. In addition, this Software and
Service may be used to enhance the City's community outreach programs such as City
Beautification, Redevelopment, Code Compliance, Health and Safety, and various "Green"
initiatives.
Neftali Cortez is a licensed Real Estate Broker, California Department of Real Estate
license # 00560181. Mr. Cortez has worked fulltime in the Real Estate Brokerage and
Financing Industries since being first licensed as a Broker in 1984. Mr. Cortez has over
16 years experience managing and selling REO properties. The last three years have
seen a tremendous increase of foreclosure sales, and Mr. Cortez has personally
handled over 200 transactions, being located at the epicenter of the foreclosure activity
in Southern California. The area of coverage has included communities in Los
Angeles, Orange, San Bernardino, and Riverside Counties.
Extensive specialized Certification training in the REO (Real Estate Owned -Bank
Owned) and the Distressed Property and Short Sales facet of the Real Estate field
qualifies Mr. Cortez to provide this management oversight and program implementation
initiatives. Mr. Cortez is very familiar with the local real estate values and market trends,
having covered the Southern California real estate market since being first licensed as a
real estate salesman in May 1976. Currently, Mr. Cortez manages and sells foreclosed
properties for Bank of America and Wells Fargo as a Preferred Real Estate Broker. Mr.
Cortez has also served as the founding President and Chairman of the Board of the
Regional Chamber of Commerce -San Gabriel Valley, and continues to serve on the
Executive Committee as Vice -President and Co -Chair of Business Advocacy.
The City hereby acknowledges that the Consultant is a real estate broker who is
licensed to do business in the State of California, and the City further acknowledges and
consents to the performance by the Consultant of customary real estate professional
broker services involving third party clients and lands which may be located in the City
of Azusa; provided however that for as long as the Agreement is in effect, the
Consultant shall not participate in any real estate professional broker services or claim a
real estate broker commission which is payable to the Consultant by either the City or a
third party involving any parcel of land or property which is subject to the foreclosed
property registration program provisions of the City of Azusa without first obtaining
approval from the City.
Notwithstanding the provisions of section above, the City may hereafter request the
Consultant to provide real estate professional consulting services to the City on a non-
exclusive basis for which a real estate broker commission may be payable to the
Consultant, in connection with the acquisition or disposition of real property by the City
including property which is subject to registration with the City under the Azusa
foreclosed property registration program. Each such request for professional real estate
broker services shall be evidenced by a separate written real estate broker listing
agreement by and between the Consultant and the City, which shall include terms which
each party may accept or reject in its sole discretion.
Scope of Work:
Consultant shall Administrate and carry out the implementation of a Foreclosed
Property Registration Program for the City of Azusa, California. The Consultant shall
implement a program to Identify and Notify Beneficiaries of Trust Deeds which have
caused a Notice of Default to be recorded on a property within the City of Azusa. The
Consultant shall utilize their technology and expertise gained in the past 30 years in the
2
i
I�
Industry to increase Compliance with the City of Azusa's Foreclosed Property
Registration Ordinance.
Scope of Implementaion Services
1. There are currently 53 Properties that have become Bank Owned in the City of
Azusa within the previous 120 days which must be baselined into the program.
a. The baseline will include the completion of a Determination of Occupancy
Inspection Report and a Property Condition report per property. The
objective of this program is to provide an immediate impact on the
maintenance of the property by the foreclosing lender, code compliance, and
pre -registration of the REO (Real Estate Owned) properties.
b. Consistent Documentation to enhance the City's ability to recover the fees
and penalties for non-compliance with the City Foreclosed Property
Registration ordinance. The proper implementation of this program will assist
to effectively notify and urge foreclosed property owner(s) to expedite
maintenance and proper securing of the property for the safety of the
community.
2. Initial Baseline Property Inspection of Preforeclosure and Trustee Sale or Auction
status. The baseline will include the completion of a Determination of Occupancy
Inspection Report and a Property Condition Report per property upon receipt of a .
completed Foreclosed Property Registration application and fee. There are
currently 122 properties having had a Notice of Default filed in the last 120 days
within the City of Azusa. There are currently 90 properties that have had a Notice of
Trustee's Sale filed within the last 120 days within the City of Azusa.
Determination of condition of property
a. Document condition of properties per "curb" inspection noting condition of the
lawn, debris, broken windows/doors, graffiti, and presence of personal
property.
b. Submit report regarding vandalism via e-mail and/or if available, the City's
online reporting system or secure incident management system.
3. Daily tracking of properties that have entered the foreclosure process with the initial
Notice of Default filed at the Office of the County Recorder shall be conducted as
part of the process. This will enable the City of Azusa to reach constituents in
3
k
distress, identify specific unsafe and dangerous vacant properties that present
health and safety risks, and contact the responsible lenders and institutions so as to
inform them of the City ordinance requiring registration of vacant REO properties.
This will also enhance the City's program of property Code Compliance.
a. Continue to perform a search of foreclosures in the City daily.
b. Search for change in Status of property in Foreclosure.
c. Check Auction Schedule and report daily change of status to Bank OwnedJor
proposed action at the discretion of the City.
4. Updated Property Detail Report
Validate contact information of existing lender of record by contacting via telephone
the trustee and/or the mortgage servicer. Provide updated contact information to the
City.
5. Process and Procedures
a. Implement process and procedures and provide oversight for preparation
of correspondence on all properties that are on the foreclosure track in the
City of Azusa. Maintain an updated profile on those Beneficiaries that
have not registered.
b. Implement the methodology for checking the Foreclosure status of all
properties beyond the initial filing of the Notice of Default.
c. Implement procedures and processes to call all Beneficiaries that have not
registered with the City of Azusa and open dialogue on payment of fees
and fines that are outstanding. Provide oversight to the implementation
and performance of said procedures.
d. Implement procedures and process for placing Cost Recovery calls to
Trustees in order to open dialogue on the fees that are outstanding on
unregistered properties in the Azusa. Perform training and skills transfer
sessions with appropriate City staff and develop and provide
documentation for the processes and procedures of the program.
6. Create and implement a module for revenue recovery of the outstanding
registrations, fees, and penalties.
a. Provide Program development, management and oversight as well as
implementation of cost recovery methodologies to enhance compliance
with the Registration Ordinance, and to recover the cost of implementation
of the program.
Compensation Agreement: The Consultant shall be paid 50% of collected amounts
obtained from the collected registration fees under the Foreclosed Property Registration
Program. Said fees and penalties shall be payable to consultant within 30 days of receipt
by the City of Invoice provided by the consultant. This agreement shall continue for a one
rd
year period, renewable annually by mutual agreement. Upon the Receipt by the City of a
total of $120,000.00 under the program, the share of the fees collected shall adjust to 40%
payable to the Consultant, and the City to retain 60% on the basis of fees collected on a
monthly basis. Upon such time as the City of Azusa may desire to staff and implement the
program with City employees in order to administrate the Foreclosed Property Registration
Program, the division of fees shall be 20% to the Consultant, and 80% to the City of Azusa.
The City of Azusa shall pay to Consultant Neftali Cortez of Remax Realty 100; Inc on a net
30 day period.
Respectfully Submitted,
Signature:
Neftali Cortez, Broker DRE License 00560181
Signature:
City Manager: Francis Delach
Date:
City of Azusa
CC: James Makshanoff
Assistant City Manager
City of Azusa
(Azusa Professional Services Agreement 2011-12-06 ver01)
CITY OF AZUSA
MINUTES OF THE CITY COUNCIL
REGULAR MEETING
MONDAY, MARCH 19, 2012 — 6:30 P.M.
The City Council of the City of Azusa met in regular session at the above date and time in the Azusa
Auditorium located at 213 E. Foothill Boulevard, Azusa, CA 91702.
CLOSED SESSION Closed Session
The City Council recessed to Closed Session at 6:32 p.m. to discuss the following:
Gov. Code Sec. 54957.6—CONFERENCE WITH LABOR NEGOTIATOR Conf w/Labor
City Negotiators: Administrative Services Director -Chief Financial Officer Kreimeier and City Negotiator
Manager Makshanoff
Organizations: ACEA (Azusa City Employees Association), AMMA (Azusa Middle
Management Association), SEIU (Service Employees International Union),
APMA (Azusa Police Management Association), CAPP (Civilian Association of
Police Personnel), APOA (Azusa Police Officers Association) and IBEW
(International Brotherhood of Electrical Workers.)
2. Gov. Code See. 54956.8 - REAL PROPERTY NEGOTIATIONS
Real Prop
Agency: City of Azusa
Negotiations
City Negotiators: City Manager Makshanoff
Negotiating With: Charvat Family LLC.
Under Negotiation: Price and Terms of Sale.
a. NEC AZUSA/ARROW SITE
'NEC Azusa/
Address: 17511 E. Arrow Hwy, Azusa, CA 91702
Arrow Site
The City Council reconvened at 7:30 p.m. City Attorney Martinez advised that there was no reportable
Cncl revnd
action taken in Closed Session.
Mayor Rocha called the meeting to order.
Call to Order
Pledge to the Flag was led by Mr. Abe Contreras, brother of Willie Contreras who recently passed away.
Flag Salute
Invocation was given by Pastor Matt Marzluft of the Village Covenant Church
Invocation
ROLL CALL
Roll Call
PRESENT: COUNCILMEMBERS: GONZALES, CARRILLO, HANKS, ROCHA
ABSENT: COUNCILMEMBERS: MACIAS
ALSO PRESENT:
Also Present
City Attorney Martinez, City Manager Makshanoff, Chief of Police Gonzalez, Director of Economic and
Community Development Christiansen, Information Officer Quiroz, Assistant Director of Economic and
Community Development Me Namara, Director of Public Works/Assistant City Manager Haes,,
Administrative Services Director -Chief Financial Officer Kreimeier, City Engineer Hassel, City Clerk
Mendoza, Deputy City Clerk Toscano.
PUBLIC PARTICIPATION
Pub Part
Mr. Mike Lee addressed Council with greetings to friends, encouraged all to visit Cafe Cola and Dino's
M. Lee
Restaurant. He talked about his union, the Troops in Afghanistan, and oil companies high gasoline prices.
Comments
Ms. Jeri Vogel announced the First Annual Azusa Veteran's Monte Carlo Night to be held on May 12'" at
J. Vogel
a cost of $20. -They are raising money for Cory's Kitchen and Veteran's Outreach. Call 626 412-6290 for
Comments
further information.
Bruce Knoles, Jeri Vogel, Nancy Bryant, Joe Guarrem, Lynn Eaton, and Jorge Rosales offered comments
Various
against a parking structure on Alameda. They also talked about their attendance at the Azusa of Chamber
Speakers
of Commerce Mixer where they met Ms. Sylvia Beltran Community Outreach for the Gold Line who
Opposing
provided a presentation and responded to questions regarding their RFP for the parking lot across from
Parking
Target, the Gold Line will be paving for construction cost, maintenance, and security of the lot, there will
Structure
be no cost to the City, and that the proposed parking structure is not pan of their project. They asked why
& Comments
the city is considering a parking structure that will have to maintain, and regarding the money that's
already been expended on A2 & A3.
REPORTS, UPDATES COUNCIL BUSINESS AND ANNOUNCEMENTS -STAFF Rpts, Updates
Moved by Councilmember Gonzales, seconded by Councilmember Carrillo and unanimously* carried to Cert to L.
approve request for certificate of recognition to Linda �Meave, who will be receiving "Woman of Mead Woman
Achievement" by Senator Ed Hernandez on March 23. Of Achieve.
Moved by Councilmember Carrillo, seconded by Councilmember Gonzales and unanimously* carried to Cert to N.
approve request for certificate of recognition to Nancy Gibson, who received "Woman of the Year" award Gibson Woman
from Congresswoman Judy Chu. Certificates will be presented at the April 2, 2012 meeting. of the Year
City Manager MakshanoB announced that Assemblyman Roger Hernandez has recognized one of our own Cert Betty
City Employee Betty Donnelson as "2012 Remarkable Woman of the Year" in the 571° District. He stated Donnelson
she will be honored at a luncheon on Friday with the Assemblyman. 11 was consensus of Council that a Remarkable
Certificate of Recognition be prepared and presented at the luncheon. Woman 2012
Mayor Pro -Tem Hanks advised, in jest, that his last official act as Mayor Pro -Tem is to forbid anyone in Hanks
the city to die and remain with us for a long time. Comment
Mayor Rocha announced that the meeting will be adjourned in memory of Willie Contreras, Henry Rocha
Ontiveros, and Frank "Inco" Moronez. Comments
SCHEDULEDITEMS
Sched Items
Moved by Mayor Pro -Tem Hanks, seconded by Councilmember Gonzales and unanimously* carried that Mayor Pro-
Councilmember Carrillo be selected as Mayor Pro -Tem for period ending March 18, 2013. Tem Selection
COUNCIL APPOINTMENT TO THE CANYON CITY FOUNDATION. City Manager Makshanoff
Canyon City
addressed the matter stating that the Canyon City Foundation has advised that Inez Gutierrez is resigning
Foundation
from the Foundation as of March 31, 2012, and they are asking that Council Members select a new Board
Council
Member for the Foundation. He stated that past practice is that each Council Member submit a nomiriee;
nominee
Councilmember Macias has submitted the name of Mr. Art Vasquez Sr. as his nominee. It was consensus
of Councilmembers that each submit its nominee to City Manager by Thursday, March 22, 2012,
interviews would be scheduled thereafter, and appointment to be made at the April 2, 2012 meeting.
The CONSENT CALENDAR consisting of Items D -I through D-8, were approved by motion of Consent Cal
Mayor Pro -Tem Carrillo, seconded by Councilmember Hanks, and carried*, with the exception of item D- Approved
2 which was considered under the Special Call portion of the Agenda.
1. The minutes of the adjourned/special meeting of February 27, 2012 and the regular meeting of March Min appvd
5, 2012 were approved as written.
2. SPECIAL CALL ITEM.
Spec Call
3. In accordance with Azusa Municipal Code Section 2-518(b) which states, "Purchases of supplies and
Purchase Two
equipment of between $10,000 and $24,999 shall, except as otherwise provided in this article, be
Dead -Front
awarded by the City Council pursuant to the Azusa informal or alternative purchasing procedure",
Pad Mounted
approval was given for the issuance of a Purchase Order in an amount not to exceed $22,801 including
Switches
sales tax and freight charges, to HD Supply Utilities, LTD of Santa Fe Springs, CA, for the purchase
of two Dead -Front, Air Insulated Pad Mounted Switches. ,
4. Approval was given for the purchase of one 2011 Honda ST1300 police motorcycle with emergency Purchase
equipment package from Huntington Beach Honda for 523,951.34. The purchase of this vehicle based Honda PD
on the competitive bid process completed by the City of Manhattan Beach, under which these vehicles Motorcycle
are available, Bid #858-12, per Azusa Municipal Code Section 2-523 (E).
5. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA, CALIFORNIA, TO Res. 12-C19
ENTER INTO A MASTER AGREEMENT AND PROGRAM SUPPLEMENT AGREEMENT WITH Master Agmt
CALTRANS FOR THE AZUSA AVENUE IMPROVEMENTS PROJECT. Caltrans
03/19/12 PAGE TWO
6. The final acceptance of the construction performed by RLP on Palm Drive from the southerly tract Final Accept
Boundary of Tract 54057-1 to Foothill Boulevard and the construction of the 10" Street Cul-de-sac RLP Palm Dr
adjoining the Arborview/Tamarind Lane projects northwest boundary and incorporate them into the I& St
City's maintenance program, was approved.
7. The Grant Deed from Rosedale Land Partners, LLC (RLP), conveying to the City the right of way for Grant Deed
Palm Drive, a private access to the former Monrovia Nursery, south of the Rosedale project from RLP
south of Railroad right of way to Foothill Boulevard in order to provide access to the development of
Foothill Boulevard, was accepted and the City Clerk was authorized to submit to the County recorders
Office for recordation.
8. The following resolution was adopted and entitled:
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA ALLOWING CERTAIN Res. 12-C20
CLAIMS AND DEMANDS AND SPECIFYING THE FUNDS OUT OF WHICH THE SAME ARE Warrants
TO BE PAID.
SPECIAL CALL ITEMS
Special Call
Councilmember Gonzales addressed HR Action items stating that he will be abstaining due to a possible Gonzales
conflict of interest. Comment
Moved by Mayor Pro -Tem Carrillo, seconded by Councilmember Hanks and carried* to approve the Items Appvd
following HR Action Items.
HUMAN RESOURCES ACTION ITEMS.
HR Action
Merit Increases and/or regular appointments: T. Tate, C. Davis, E. Cardoso, S. Bowman. L. Gonzales, and
Items
C. Eads.
New Appointment: T. Jackson, Line Mechanic.
SUCCESSOR AGENCY RELATED MATTERS
Successor
Agency
Councilmember Hanks offered a Resolution entitled:
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA ALLOWING
CERTAIN CLAIMS AND DEMANDS TO BE PAID OUT OF REDEVELOPMENT AGENCY FUNDS.
Moved by Councilmember Hanks, seconded by Councilmember Gonzales to waive further reading and
adopt. Resolution passed and adopted by the following vote of the Council:
AYES: COUNCILMEMBERS: GONZALES, CARRILLO, HANKS, ROCHA
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: MACIAS
It was consensus of Councilmembers to adjourn.
TIME OF ADJOURNMENT: 8:10 P.M.
CITY CLERK
NEXT RESOLUTION NO. 2012-C21. (City)
NEXT ORDINANCE NO. 2012-02.
NEXT RESOLUTION NO. 2012-R12 (Former Redevelopment Agency)
* Indicates Councilmember Macias absent.
03/19/12 PAGE THREE
Res. 12-RII
Former Agency
Warrants
Adjourn
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: MARCENE HAMILTON, CITY TREASURER,-�.j�,,,,�,
DATE: APRIL 2, 2012
SUBJECT: CITY TREASURER'S STATEMENT OF CASH AND INVESTMENT
BALANCES FOR THE MONTH OF FEBRUARY 2012
RECOMMENDATION:
It is recommended that the Council Members receive, review, and file the City Treasurer's
Report for the City of Azusa for the month of February 2012.
BACKGROUND:
Transmitted herewith is the City Treasurer's Statement of Cash Balances for the City of Azusa
for the month of February 2012. City investments are made in accordance with the City's
Investment Policy adopted and approved with Resolution No. 05 — C16 dated, November 21,
2011 and Government Code Section 53600 et seq.
FISCAL IMPACT:
The balances of cash, investments, and projected revenues for the next six months are expected
to be sufficient to meet cash disbursement requirements of the City for at least the next six
months.
The change in total cash in bank and investments from January 31, 2012 to February 29, 2012 is
a net decrease of $2,839,967.04.
CITY OF AZUSA TREASURER'S REPORT
Treasury Checking Accounts and Certificates of Deposit
Held in Wells Fargo Bank
Prepared by: Marcene Hamilton, Treasurer
February 29, 2012
Face
Maturity
Interest or
Account Number
Balance
Amount
Date
Coupon
Description
or CUSIP
Rate
eMarkett Value
Checking Accounts
General Checking Account
XXX-XXX1244
535,940.00
Stagecoach Sweep Account
DDA XXX-XXX1244
1,222,950.25
Worker's Compensation Checking
XXXX-XX0318
0.00
Flexible Reimbursement
XXXX-XX5036
0.00
Payroll Checking (ZBA account)
XXXX-XX1393
0.00
Police Petty Cash Fund
XXX-XXX0334
189.12
DACA Account - ISO Collateral
XXXX-XX2015
500,000.00
Section 108
0.970%
Choice IV -Public Fund Account
XXX-XXX2239
30,853.98
200,000
11/14/06
3.060%
FHLB 3.060 11/14/06 (Matured)
3133X6PD2
0.00
ISO Collateral Account
Certificate of Deposit - Closed to Light &
300,000
Every 30 Days
0.050%
Water Stabilization Investment Account
XXX-XXX1658
0.00
1,975,001
04/07/07
3.748%
Certificate of Deposit
XXX-XXX2840
2;367,029.39
Covington Endowment
WF13 Advantage Heritage Money Market
Fund (rated AAAm/Aaa)
WFB XXXX7554
18.411.42
Certificate of Deposit
100,000
06/29/09
1.400%
Discover Bank DE Matures 5/12/14
CUSIP 254670D66
100,625.60
TOTALS
4,775,999.76
CITY OF AZUSA TREASURER'S REPORT
TREASURY INVESTMENTS
Prcp:ucd by: Mar.nc Hamiitaq Tr[sslmr
February 29, 2012
Broke,Face
Ameuol
Ducrlprion
Coupon
Rate
Maturity
Date
A --ad, No.
b[nlcmmt
Dale
PrinciPaY
Markn Prig
(Changes
Meolhly)
Mak<I Vtlne•
City OfAansa Invearments - AAA Rated Federal Agency Bonds
1990%
03110/15
31331KF14
0313M
LW3.MgN
-
1001000.00
Wachovia Sec
1.000.003
FHLB 22500,1111/12
235M.
04113/12
1133XTAW6
03116/9
999.500.00
IW29B
IN2,,0000
WBclovia S.
1,00003
FHI-B 12500989114
1250Ye
0729114
313370YKS
09112/10
1.000000.00
101,813
1.018,13000
WFB
LIFE"
FFCB 07301112 V14
0730%.
11121/19
31331KT91
11QI/11
1000,00000
99,950
999,500.00
Gilford Sec
1,000.001
FHLB 2.185 (P/15115
2.185%
0,1/15/15
313373DW9
0115111
1,00,00 00
101686
1.016.86000
Wachovia Sec
1,OWN0
FHLB.20)(),P1 15
2.000%.
04/20/15
313373618
0440)1
L000000W
IN 161
LN1.610.M
Glfatd5 c
193.3,000
FFCB 1600006^_9/15
1liW%
M9115
31331KOMS
0529111
1.00000.00
100.298
1,0296000
Glfood Scc
i(WOA
FFCB 1.0200928115
1,020%
0348115
31331UL7
W2B/11
1000000.00
99920
999,200.00
Gilfardscc
1.QW.000
FFCB 112011116/15
1120%
11/16/15
3133IU92
11/16)1
1000003.00
100087
L0308M
Giliond Sec
LOW."
FFCB 2,0001123115
2000%
LVD/IS
31331DA9
IINA)0
LONOW,00
100318
1.003310.00
Gilford Sec
1000,000
FFCB 2.44003n4/16
2440°h
03QU16
31311KFKI
0324111
1.000,000,00
101,93
1.010,930.00
WachoviaSec
1000./00
FHLB2.10PNAO/16
2.10%
05107116
3133742RO
06107111
1000,000,00
102.027
1.020,27000
Gillard Sec
ISOO,W
FFCB 1480IW03/16
1480%
10nowle
34331KD4B
HIREIII
1000.000.00
100.101
1,001,01000
GiifbN See
LCOOCW
FHLB 1.30011117/16
130VA
11/17116
3133761%92
0917/12
1,000,owN
99,9B4
99984000
Gi16N Sm
1,000,0W
FHLB I.IN I InW16
IAm
1@9116
3133705K3
0229112
1,000.00000
994.
994.690.-
TOTALS
'14,004 NN1
13,00q W.d1
14.IgI,tSILiN1
sa Investment - Certifies. of DepOsil - FDIC Iasored!
Sec
100.000.- 'GE
MONEY BANK
IJwA
[MV13
361595103
IW21/10
IW.0000
101755
IW]55W
S.
-.O-,W
METLIFE BANK. NA
13066
IME113
591557FHI
1mi/10
100.-0.-
1-761
1-,763N
Sec
200.000-
DISCOVER BANK
14W.
069914
254670F56
0/013/11
200.-00
101265
202,53000
Sm
1wi.
250.0",,00
AMERICAN EXPRESS
1]5MA
NAaal4
02597DAX6
06)6/11
250.0-W
100943
25235750
S¢
1 -,-OW
ALLY BANK
LIOM/.
09/1114
02005 TS2
09107/11
100,0--
IW, 134
100.13400
Sm
I00.LYq.Po
ALLY BANK UT
95, W .
0101115
02(15 Y56
91'00/12
100,000.00
99.741
99,741.00
Sm
200,00000
BMW Bank of North America
135Mh
0023114
05569PR90
09Q3/11
200000
100.759
201.518,00
sec
200,-O00
CITBaok SLC
145Mh
11114114
17284AH41
11/14/11
200,00000
101166
202136.0
Wachovia Stt
250.-,.0.00 !GE
CAPITAL FINANCIAL
LBOOY.
-110013
161 00X12%7
0/006/11
250,00000
102365
255.91250
Wachovia Scc
200.000.00
Batcla sB-kof Oclawarc
160 VA
01/11/16
06740KF51
01/11/12
200,-O.W
102073
204,14600
Wachovia Scc
I...
GECAPITALGEMONY2
2.-00
10114/16
361595214
1/14111
1-.00000
IM301
104,201,0
TOTALS
-I,BW,UOo.W
-
-
-.1,8-(00.00
'1,824:194.011
WFU - CITY -
TO LRD PARTY CUSTODIAL TRUST ACR
OO71pL
NIA
NIA
:NIA
9,0q -0.00
I000-
1;00gdXl.g1
Light& Water Fund lmnslmen"
- AAA Rnled Federal Agency Bonds
Hi ind
1003.000-
FFCB 1.9903/3//5
1990%
03110/15
31331KF14
0313M
LW3.MgN
-.109
1001000.00
HigginsCaPiW
1,15,00000
FFCB 1,20 0980115
1,0200/
0388/15
3133]UL7
0920111
1,215,000/
99.920
1119.02600
HiS4in5Capiul
1,000.0000K)
FFCB 137509/=6
1375%
wavins
313311UN3
-26111
1.000.000.00
100195
1.002.950.00
TOTALS
3j15,muo
-
3,21s"im.W
J,SIB,IWX.-
Licht Jr Water Fund lnvdlment--
CereiB.Iss Of D,.At-FDICIneumd
Wachovia Sec
115,-00
Bankaf Chiu NY
85.E
07/1114
W925HYWO
02/01/12
1Mine) N
IW.O56
115,6440
Wachovia Scc
200000ED
Goldman Sachs Bart NY
85,000%
OM3114
10143A3132
,1231112
200,00100
100.056
2W,112.-
TOTALS
315,-O.W
- -
-
315,000.00
315,174,0
WEB -L&W
THIRD PARTY CUSTODIAL TRUST ACCP
OWUG.
N/A
NIA
N/A-
4A3882431
10.000
.41,13882431
LAIF-CITY I LOCAL AGENCY INVESTMENT FUND 1 03l6% 1 NIA I . NIA, I NIA 1 27,7111,994.59 100,000 27,7111,99439
TOTAL INVESTMENTS IN FEDERAL AGENCIES,' WFB INSTITUTIONAL TRUSTS, and LAW 52,155,318.901 1 52254,83090
INTEREST RECEIVED FROM INVESTMENTS`FISCAL YEAR-TG-DATE.(From July I, 2011) 419,0/7.48
The "Plineipal" mlumn rdlecrz Ne balav¢ on Ne Ines day of Ne man/ or the Tiamrical coo" ryem to Wrchaa, a scanty.
Thc'Markc[ VBW["v Nc wrtwl pncc a[ which a i[wnry can b[ nW W or mld.
Tleasmer Repon February 2012 ranks fton.rxt 3414012 791 PM
CITY OF AZUSA TREASURER'S REPORT
INVESTMENT INTEREST EARNINGS Thru February 29, 2012
Neparedby: Maecene Hemiltoq Treasurer
Faa Amount
Ne[Am9unt
Coupon
Rate
Ma[udty Dat
AW/Cusip No.
Payment
5cbedule
SCM1eduld
20102011
Interest
Eunings
SeAMuled
Seml-Mnual
Payment
Amount
Interest
fieeeired Fnca
,erm Dale.
.313320GSl
City of Azmn Investments - AAA Rated Federal Agency Bonds
16;90000:--
8.45000
x81450.00
1,000,1YA
1.000.000
,1000,5On
1325%
0]28/14
313372DG6
Calld Ma
12,25000
-662500
8,025.00
1,000.000
1,000,000
1450'/.
-091OV14
3133 HC43 -
Celled 221
145nOp5
]25000
5$98.61
1003.000
Im0.000
.2.220%
0429115
313323E12-
Ca11ed 7129 -
- 2;20000
II IOOAO
5550.00
1,000.000
1000,000
1250'/.
- 0225115
".3133]OLZ9.
Celld.825
- 12,500.a0
-6,25000
6203.00
1,1100,000
1,000000
1350%
11/19115
31317IN72
Called 8119
1250000
6,25000
2500.00
1.000.000
1.000000
1.25W..
- 0526116
313323 S4'
C.Ded 826.
1250000
6,250.00
3.125.00
1.000000
999,000
-2.100%
03123115.
3133221/88
called! 923-
-20,929.00
10089.50
- 10500.00
2.000000
1000,000 -
2.980%
0420115 -
31331IL82
Culldiwo
59;60000
29.800.00
29Eo0A0
2,000.000 -
1,998,)50
.2000%.
05118115
3133XYCC2
-Called.11118-
`39,9]5.00
1998150.
20,00000
1000000 -
1000000
-1700%
03NLI6-
-313375AC I4
Cnild 12119
-1],00000'
"DOW
5,052.]8
1000000 -
1000(100-.
2:000IA
.0329116.
313324A26
.Calla 1229
.20.000.00
JOOn000
10,000.00
1,000.000
1,000000
.9.230%
09/01/15
31331KWT3
Ce11al UIll:
:1130000
-615000
4,680.83
2,000000
1999,000 -
2:250•%.
O2/12/12 -
- 3133IGND2. -
ManeadvJ7
-44.922.50
22481.75
45000.00
I OW.0n0
LOW,000
-2.000%
. '02142115
31331K8D1 -
C Hed 22
20,00056
, 10,00000
20000.00
Locom
I.00Oe00
3625'%--
11403116-
31331KM98-
CalkdW
.16,250.00
8125.00
406250
11000,000
999,500
2.250%
04113112
3133XTAW6
1093&4113
22,48875
11.244.35
11350.00
L0.00dul
1,000.o00
1.25W.
02/29114
313370YK3
]29&129
12,500.05
6,25000
12500.00
LW0.000
l'000,000
0.230%.
1U21114
31331KT91
521&11121
7,3a11.0o
3,650.00
L"'m
110001000
2.185%
N115115
J13373DW9
10/15&4/t5
21,55000
10,925.00
10925.00
1.020.000
1,1.00,503
2.020%.
0,2all5
313373DY8
IMO &4120
25.00.05
IDCCOm
loonn.o5
LOW,00O
1.000,000
1.600116
0629115
31331K M5
12/29&6129
16,000.00
&DOIN
8.000.00
1,004000
1,000.030
1.02W6
0928/15
31331KZL2
328 929
IO.2O0.00
5,100.00
1,004000
1,003.035
L120%
11/16/IS
31331K592
5116&11116
11,200,00
5,600.00
I,0W,0001.000,000
2.0009.
1123/15
3133113A9
11/23&523
20,000.00
MOM DO
14000.00
1000.000
I,W4WO
1A40X
0321/16
31331UKI
9124&3R4
24AMOD
11200.00
12,200.00
1.000,033I
1,030.003
2.100%.
06/02116
3 133742R
IM&60
21,020.00
10,500.00
15,500,00
1,0040.'0
I,W4DN,
1.460%
10143116
3133IK[s49
4/3&10/3
14,800.00
2,403,00
1.000.000
1.000.000
1.300%.
11112/1b
313326W92
5/12&11/12
13,000.03
6,500.00
1.050.000
LOO4000
1.1am/.
1129/16
3133785K3
5129&1129
11,000.00
5,500.0
141)00,000
13999501)
ACTIVEINVES3TSEN
-
568320.25
1&,135.13
266,119.72
City. of Amen lnvaeerents - Certificates of Deposil - FDIC Insured
I
104030.3
100,000.00
1.3001K,
l(eM13
361595003.
IM2&41nl
1200.0
65000
651.78
I00,a00.00
100,000
1.300'/.
10'28/13
591557FHI
1&22&42]
1,300.0)
65000
651.78
200,000.00
200,00000
1400%
05062/14
254670F56
1212&62
2,800.00
1,400.00
1403.84
250,00000
2 (Lmm
L25W.
06/09/1400
0253]0,0X6
12/9&614
3,115.00
1.,56250
1,566.25
IO0,000
100,000.00
LIDO%
091OV14
02005QTS2
318&9m
1,100.00
550.00
200,000.00
200,000.00
1.350%.
092914
05568PR90
323 & 921
2,200,00
1,350.00
204000.00
200OD000
1.450%
11114114
17264AH43
5114&11/14
1,446.3
1,446.03
10D000.00
100020.00
0.95W..
03/08115
02005QYS6
8112 & M
950.00
425.00
250,000m
250,000.00
Lsow..
06110/15
3616(f=7
12110&6/l0
4,500.00
2.25000
2,256.16
203,1.00.03
203,030.00
1.60014
01/11/16
067401CFS1
2111&1Al
3,20832
1,60439
100,030.00
100.00000
2.00DIA
IO114/16
36159S2U4
424&10/14
1,002]4
1,002.24
1A00A00.W
IAOQ00000
23,43254
12,940.66
6f103
CITY - Wells Fargo Bank Nullo,ional Third Party Custodial Money Market Acmual - Liquid Asset
1,000,000.001
1,-0.020%.--1
Na I
WA
Mundid, ._
- Per Balarceand Rue
,.2,069.]
Light & Water Fund Investments - AAA Bata Federal Agency Bonds
1,000.000
1.000,000
--1:690%-
9811L14 -
.313320GSl
^(Zalled3112
16;90000:--
8.45000
x81450.00
1,000,1YA
LOOO;a00
'%-
IVIS114
3133]0DH9
--Celld8/15
ISOoeO0'
']500.00
- 250,00
1.000.000 -
-992500
/.
-02/1&16 -.'
-3136FPSG8 -•
Chilled B/I6'
-9965.00
.4,992.50
.5,000.00
1315.000
1,2151000
.-
09/0/111 .'
-3133XTA99:--
CNIed 916--
25515.00 -i
-12.]5150
12;]5]50
1000003
2,000,000'-
- 09/13114
[31337OMD
-Cvlkd 9/13 -
-24000.00
"' 12,00000.
12,000.0
1000000
-@,000000
..
0&09116
3133]5ED5
•Cone l2Ol'
30000.00 -
-15,00000:
10,9166]
L000.000
1,000.OW
--
0621116
EWIM,1511331�L7
31331]5)24 <
Called 120.--
-14;800.00
-],40000-
4,09232
1,000,000
rMiLow
-.
07112113
-3133]02W]
Called l/l2-
:=14,00000 `
".].00000
14,000.00
1000.000
.1.000000
--
IM8114
3133]NX8
:Calla 226'
2000000..,
90.00006.
10,000.00
1;000000. -
1000,000
%
09129116.
31331KZV5- :
Calla V6
[,,WOW
- --6950,00
4,903.61
I,WO.000
1,003,000
03130115
31331 KF34
9130&3130
19,900.00
9,95000
9,950.00
ISIS,OLO
1.215.003
%
WIM,15
31331K L]
328&928
12,393,00
6,196.501,003.000
%
0926/16
31]31KZN3
326&9%26
13,750.00
6,8]5.00
3215.000..
3315'Bddgs
YtMnINVEBTMEWSI
-1
11,.46.04)
'L1A2I
..105}2O.N
Light& Water Fund Investments -`Certificates arDeposit
- FDIC Insured
115,000.00 1
IMOOD.00
1 0.850% 1
01.01.14
064258%030
811&2/I
977.501
458,75
200,006.00 1
200,000.00
1 0.850% 1
02/03114
38143A)B2
III &2/I
1,]03.5
850.1.0
315,000.00
315,000.00
-
1;6]]50
1338:]5
0.00
Light &Water Smbl firm- Wells Fargo Bank loslltusunal Tblyd Parne Curlodial Money Merkel
Account - Liquid Asset
4,438,03431
-
.0.0]0.-.
NIA I
NIA
MmIM1k :
-:' Psr Bdiueeandaue
,,..647,2
CITY -Local Agenry Investment Fund (LAIF) - Liquid Aar&
2],]0199459, I .0389•% N/A N/A Quserest, Per.Balaodaa Rak 38,620.6
-Fisal Y.,; Juhl-June30 TOTAL INTEREST EARNED YTD 419.07146
A
CONSENT CALENDAR
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: TITO HAES, ASSISTANT CITY MANAGERIPUBLIC WORKS DIRECTOR
VIA: JAMES MAKSHANOFP, CrY MANAGER
DATE: APRIL 2, 2012
SUBJECT: LEGISLATIVE UPDATE
RECOMMENDATION
It is recommended that the City Council approve the positions recommended on the legislation
listed in this report.
BACKGROUND
During the federal and state legislative sessions, bills are considered that may impact Azusa or
cities in general. In order to keep the City Council informed of these bills, staff has developed
the attached legislative update to track these important bills, including recommended positions.
Following Council approval, staff will draft letters including the recommended positions and
send them to Sacramento or Washington, D.C.
FISCAL IMPACT
There is no fiscal impact associated with approving the legislative update.
Attachment: Legislative Update
City of Azusa
2012 - 2013 Legislative Bill Report
BILL ,.
DESCRIPTION""
AB 1585
Author: Perez
Title: Redevelopment
Position: Support
Location: Senate
Summary: The most developed of the "Redevelopment clean up" bills. This bill is being
fast -tracked and would preserve affordable housing funding, ensure loan repayments from
RDA's to cities, and preserves asset value to prevent "fire sale" of properties. This bill
does not resolve all questions presented with AB Xl 26 but takes a positive step in that
direction. More detailed information is included as a separate attachment.
Passed Assembly Housing & Community Development Committee — 3/14/12
Passed Assembly Local Government Committee — 3/21/12
Passed Assembly.Appropriations Committee — 3/22/12
Passed Assembly Floor — 3/26/12
AB 1600
Author: Tones
Title: Metro Gold Line Foothill Extension Construction Authority
Position: Support
Location: Assembly Transportation Committee
Summary: This bill would extend the Gold Line Foothill Extension project from
Claremont to Montclair. Would allow the Authority to accept grants, fees, allocations
and transfers of funds from federal, state, or local agencies. Would allow METRO to
operate in San Bernardino County (because of Montclair).
Passed Assembly Local Government Committee — 3/21/12
SB 1003
Author: Yee
Title: Local Government: Open Meetings
Position: Oppose
Location: Senate Government and Finance Committee
Summary: This bill would apply sanctions to past violations of the Brown Act. As such,
this bill could expose cities to possible additional litigation, including potential attorneys'
fees even if any questionable past activities have since ceased.
Scheduled to be heard in Senate Government and Finance Committee — 4/18/12
AB 890
Author: Olsen
Title: Environment: CEQA Exemption: Roadway Improvement
Position: Support
Location: Senate Environmental Quality
Summary: This bill would exempt city roadway improvement projects from California
Environmental Quality Act requirements if the project is within the existing right-of-way.
AB 890 will result in lower project costs and faster project delivery for roadway
improvement projects.
Passed Assembly Natural Resources Committee — 5/2/11 & 1/9/12
Passed Assembly Appropriations Committee — 1/19/12
Passed Assembly Floor —1/26/12
AB 1547
Author: Eng
Title: Residential Mortgage Loans: Foreclosure Procedures
Position: Support
Location: Assembly Banking and Finance Committee
Summary: This bill would continue to require a legal owner to maintain vacant
residential property purchased at a foreclosure sale, or acquired by that owner through
foreclosure under a mortgage or deed of trust. This bill would also delete the sunset date
authorizing local governments to impose civil fines and penalties for failure to maintain
such a property. -
AB 1627
Author: Dickinson
Title: Environmental Quality: Building Standards: Vehicle Miles Traveled
Position: Support
Location: Assembly Business, Professions and Consumer Protection Committee
Summary: This bill would require the California Energy Commission (CEC) to prescribe
standards to reduce vehicle miles traveled by occupants of residential and nonresidential
buildings within the boundaries of a metropolitan planning organization. The bill would
also prohibit local governments from issuing local building permits until it has been
confirmed that the building satisfies the minimum standards established by the CEC.
AB 1191
Author: Huber
Title: Local Government Finance
Position: Support
Location: Senate Government and Finance Committee
Summary: This bill would require county auditors to submit a claim to the Controller
when there is not enough property=tax revenue allocated to a local Educational Revenue
Augmentation Fund to reimburse a city or county for amounts owed to them from the
"triple flip" mechanism, which shifted local sales taxes to pay state debt, and the vehicle
license fee (VLF)/property tax swap, where local agencies exchanged their VLF for
property taxes. In both of these transactions the state's commitment was to reimburse
local agencies dollar -for -dollar. This measure is designed to address that problem and
ensure that the revenue those agencies are entitled to receive pursuant to the triple -flip
and VLF -property tax swap is provided.
Passed Assembly Local Government Committee — 1/11/12
Passed Assembly Appropriations Committee — 1/19/12
Passed Assembly Floor — 1/26/12
SB 214
Author: Wolk
Title: Infrastructure Financing Districts
Position: Support
Location: Senate Government and Finance Committee
Summary: This bill seeks to make it easier to establish infrastructure financing districts
throughout California.
AB 1585 (Perez):
Major Policy and Technical Clean Up to AB X1 26
AB 1585 is the most developed cleanup bill to AB XI 26 pending in the Legislature. It is
currently on a fast track and contains an urgency clause because many of its provisions must take
effect soon to resolve implementation challenges and questions faced by local agencies, bond
counsels, owners of affected properties and others. The changes in this measure reflect many
concerns raised at the local level. While the measure does not resolve all questions, it takes a
major positive step in that direction. The bill contains appropriate policy and technical
clarifications to reduce confusion and provide greater direction to successor agencies, oversight
boards and successor housing entities. Among its most important provisions for cities, AB
1585:
Maior Policy Provisions:
i. Preserves affordable housing funding. Requires any amounts on deposit in the Low
and Moderate Income Housing Fund (L&M Fund) of a former RDA be transferred to
the successor housing entity and used for affordable housing rather than being
distributed as property tax revenue. The measure also makes numerous helpful
clarifications governing the administration of affordable housing funding and related
programs. '
ii. Ensures loan repayments to help provide local services. This provision goes a long
way to addressing the inequity in AB XI 26 that excluded most outstanding loans
between a city or county to a RDA from being considered an "enforceable obligation."
Left unaddressed, this provision would result in severe hardship to local budgets and
critical public safety and other vital services. In brief, the measure add the following
types of loans to be considered as an enforceable obligation:
o Loan agreements between the former RDA and the city, county, or city and
county that created it, made within two years of the date of the creation of a
project area, if the loan was for the project area;
o Loans made from the city or county to the former RDA to make a payment to
the State's Supplemental Educational Revenue Augmentation Fund (SERAF);
and
o Any other loan, provided the oversight board makes a finding that the loan
was for legitimate redevelopment purposes; the oversight board may also
condition its approval of on the loan being repaid on a defined schedule over a
reasonable term, at an interest rate not to exceed the interest rate earned by
funds deposited into the Local Agency Investment Fund.
iii Preserves asset value and avoids potential "fire sale" phenomenon. Requires
the compilation of a complete inventory of existing real property assets, by project area,
including the general categories of such assets, the purpose for which they were
originally acquired, the original purchase price and the estimated current market value.
Authorizes an oversight board to direct the transfer of assets integral for a governmental
purpose, such as a parking facility, to an appropriate governmental jurisdiction. Prior
to disposing of any assets, the oversight board must receive and review this inventory
and adopt a strategy for disposal or transfer in an expeditious but orderly manner that
preserves the asset's value.
Important Procedural and Technical Changes:
i. Ensures that a successor agency can use the initial estimated obligation repayment
schedule (EOPS) until a final recognized obligation payment schedule (ROPS) is
adopted. This resolves a major concern that bond defaults could occur if obligations
came due to successor agencies, but the county auditor -controllers would not release the
funds because the ROPS had not yet been finalized.
ii. Ensures that a full year of bond debt service requirements and other obligations may be
provided on the first six-month enforceable obligation list, and requires the auditor -
controller to ensure that sufficient funds are reserved to make necessary payments. This
resolves another major concern that bond defaults could occur based upon insufficient
funds being retained to make interest and principal payments according to the schedule in
the bond indenture documents.
iii. Ensures that successor entities can refinance outstanding debt when obligations exceed
available revenue, with the approval of an oversight board. This provision will help
avoid possible bond defaults where a bond obligation is coming due, such as a balloon
payment, and a refinancing was anticipated. Absent this clarification there would be
insufficient tax increment funds available to repay the debt.
iv. Clarifies that a successor agency is a legally distinct and separate body that acts by
resolution, can sue and be sued, and can have additional powers that may be conferred
upon it. This resolves a very important legal question and will improve the functioning
of successor agencies.
V. Clarifies important oquestions regarding the ability of a successor agency to have
sufficient administrative cost allowances to administer its assigned duties, including
clarifying that employee costs associated with specific project implementation activities
are not subject to the existing 5% administrative cap.
vi. Resolves several questions regarding selection of oversight board members from special
districts and former employees of the RDA. These are important changes that reduce
confusion with the selection of oversight board members.
vii. Makes many other helpful and clarifying changes that assist with implementation.
CONSENT CALENDAR
TO: THE HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: JOE JACOBS, DIRECTOR � OF RECREATION AND FAMILY SERVICES
VIA: JAMES MAKSHANOL:ITY MANAGER
DATE: APRIL 2, 2012
SUBJECT: APPROVAL OF THE CONCESSION AGREEMENT BETWEEN THE CITY OF
AZUSA AND THE AZUSA YOUTH PROGRAM INC.
RECOMMENDATION:
It is recommended that City Council approve the concession agreement between the City of Azusa
and the Azusa Youth Program Inc. for a period of sixty months from 4/3/2012 — 4/3/2017. The
concession agreement will once again give the Azusa Youth Program Inc. the concession rights to
the Memorial Park and Gladstone Park Snack Bars. For these rights, Azusa Youth Program Inc. shall
contribute 75% of their revenues to fund Azusa Recreation and Family Services activities or events,
while 25% shall be used for Azusa Youth Program activities or programs, such as the Annual BBQ
and the Christmas Shopping for Kids Programs.
BACKGROUND:
Since the Azusa Youth Program incorporation in June 1961, it has funded the City of Azusa's Pony
Baseball program. They have also supported city wide special events such as Winter Fiesta, Easter
Egg Hunt, etc. They have also funded playground youth sports tournament teams entry fees, local
high school student college scholarships and snack bar and equipment improvements. It is at a
modest $10,000.00 a year contribution, yet the Azusa Youth Program has contributed over
$500,000.00 to the recreational needs of Azusa residents throughout the years.
FISCAL IMPACT:
The Recreation and Family Services Department is the beneficiary of $10,000 in annual financial
support for funding of recreation activities and events.
Attachment: Agreement
12-027
CITY OF AZUSA
AND
AZUSA YOUTH PROGRAM INC.
CONCESSION AGREEMENT
FOR
AZUSA RECREATION FACILITIES
THIS CONCESSION AGREEMENT made and entered into this second day of April, 2012, by and
between the CITY OF AZUSA, a municipal corporation, hereinafter referred to as "City", and
AZUSA YOUTH PROGRAM, INC., a California corporation, hereinafter referred to as
"Concessionaire".
WITNESSETH
WHEREAS, the City is the owner of certain public buildings known as Azusa Recreation Facilities
and owns and maintains various public parks throughout said City; and
WHEREAS, Concessionaire is desirous of procuring from City a continuation of the privilege of
selling soft drinks, sandwiches, candy, ice cream and other confections in aforesaid buildings or
parks in or from booths; and
WHEREAS, the public interest and welfare will be served and facilities of said buildings will be
materially enhanced by the granting of such concession to a reputable party;
NOW, THEREFORE, in consideration of the promises and mutual agreements hereinafter contained,
said parties, and each of them, do agree as follows:
1. City hereby does license and give up Concessionaire for a period of sixty (60) months,
beginning April 3, 2012 and ending April 3, 2017; the privilege of selling soft drinks,
sandwiches, candy, ice cream and other confections in said buildings or parks at such
locations as may be determined.
2. The cost in installing, maintaining and operating said concessions shall be bome by
Concessionaire and there shall be no liability on the part of the City for such installing,
servicing, or maintaining. Concessionaire agrees that all proceeds over and above the
1
actual expenses incurred of installing, servicing and maintaining said concessions derived
from the privileges granted hereunder are to be expended seventy-five percent (75%) on
activities co-sponsored by the Azusa Youth Program, Inc., and the Azusa Recreation and
Family Services Department, and twenty five percent (25%) on Azusa Youth Program,
Inc. activities. The Concessionaire, within thirty (30) days after the close of each fiscal
year, shall render to the City a full, just, an& true account and report of the total gross
proceeds under this agreement, and the expenses paid or incurred, and the division of the
net proceeds hereunder during the said preceding fiscal year.
3. The Concessionaire agrees to indemnify, defend, and save harmless City, its officers and
employees from and against any and all liability expense, including, but not limited to,
bodily injury, death, personal injury, or property damage arising from or connected with
the Concessionaire's operations, or its services hereunder, including any worker's
compensation suits, liability or expense arising from or connected with services
performed on behalf of Concessionaire by any person pursuant to this Contract.
4. Without limited Concessionaire's indemnification of City, the Concessionaire shall
provide and maintain at its own expense during the tern of this Contract a program of
insurance satisfactory to the City covering its operations hereunder. Such insurance shall
be secured through a carrier satisfactory to the City, and certificates evidencing such
insurance, along with significant endorsements, shall be delivered to the City Clerk of the
City not later than 15 days after execution. Such insurance shall give City at least (30)
days written notice of any modification or cancellation of any policy of insurance.
Concessionaire shall acquire the following insurance coverage:
General Liability: such policy of insurance shall include, but not be limited to,
comprehensive general liability and comprehensive auto liability, with a combined single
limit of not less than $1,000,000 per occurrence. Such insurance shall be primary to any
other similar insurance and shall name the City as an additional insured.
Workers' Compensation: Concessionaire's employees shall be covered by Workers'
Compensation insurance in an amount and form to meet all applicable requirements of
the Labor Code of the State of California.
5. Concessionaire agrees that no advertising is to be displayed without the permission of
Azusa Recreation and Family Services Department.
6. Concessionaire agrees that this concession agreement is not to be assigned or transferred
without the approval of the Director of Recreation and Family Services Department.
2
7. City shall have the right to terminate and cancel this agreement and all the privileges
covered hereby upon breach of any of the terms, covenants or conditions embodied
herein by giving to the Concessionaire a thirty (30) day written notice of its intention to
do so.
IN WITNESS WHEREOF, the City has by order of its City Council caused this agreement to be
subscribed by the Mayor of Azusa and attested by the Clerk thereof and. the Concessionaire has
hereunto subscribed its name, the day and year first above written.
CITY OF AZUSA
By
Mayor
ATTEST:
City Clerk
AZUSA YOUTH PROGRAM
By
Azusa Youth Program President
3
15
SUCCESSOR AGENCY AGENDA ITEM
TO: HONORABLE CHAIRPERSON AND MEMBERS OF THE AGENCY BOARD
FROM: KURT E. CHRISTIANSEN, ECONOMIC AND COMMUNITY DEVELOPMENT
DIRECTOR.
VIA: JAMES MAKSHANO&ITY MANAGER
DATE: April 2, 2012
SUBJECT: ENFORCEABLE OBLIGATION PAYMENT AND RECOGNIZED OBLIGATION
PAYMENT SCHEDULES
RECOMMENDATION
1. That the Successor Agency Board adopt the attached Resolution, approving and adopting the amended
"Enforceable Obligation Payment Schedule" for the period of August 2011 to July 2012 pursuant to
AB IX 26.
2. That the Successor Agency Board adopt the attached Resolution, approving and adopting the amended
"Recognized Obligation Payment Schedule" for the period of January 2012 to July 2012 pursuant to
AB 1X26.
3. That the Successor Agency Board adopt the attached Resolution, approving and adopting an additional
"Recognized Obligation Payment Schedule" for the period of July 2012 to December 2012 pursuant
to AB 1X 26.
BACKGROUND
The Successor Agency of the former Redevelopment Agency of the City of Azusa ("Agency") previously
adopted the Enforceable Obligation Payment Schedule (`BOPS") for the period of August 2011 to July
2012, Resolution No. 12-R8 and Recognized Obligation Payment Schedule ("ROPS"), Resolution No.
12-R9, dated February 27, 2012 and is operative only through July 31, 2012.
The previously adopted EOPS and ROPS need to be amended to reflect the obligations more accurately
so that the Agency may continue to meet the enforceable obligations for the period of January 2012 to
July 2012, as required by Health and Safety Code section 34169. The additional ROPS will cover the
Agency's obligations for the period of July 1, 2012 to December 31, 2012. The month of July 2012
overlaps on both ROPS to ensure that the Agency receives sufficient tax revenues in the June 2012
Redevelopment Property Tax Trust Fund distribution to cover the debt service obligations that are due in
July 2012.
DISCUSSION
The Agency is required to adopt an EOPS and a ROPS setting forth the nature and amount of all existing
Agency recognized obligations (as defined in the law). The EOPS reflects a 12 -month period. Each
ROPS reflects a 6 -month interval of obligations and includes the anticipated source of funding. A new
ROPS is required to be approved and adopted for every subsequent 6 -month period. The EOPS and
ROPS are required to set forth the enforceable obligations of the Agency.
The obligations of the Agency may include the following: bonds; loans legally required to be repaid
pursuant to a payment schedule with mandatory repayment terms; payments required by the federal
government, preexisting obligations to the state or obligations imposed by state law; judgments,
settlements or binding arbitration decisions that bind the Agency; legally binding and enforceable
agreements or contracts; and contracts or agreements necessary for the continued administration or
operation of the Agency, including agreements to purchase or rent office space, equipment and supplies.
The attached Agency Resolutions adopt the amended EOPS and ROPS, setting forth the recognized
obligations of the Agency and the amount of payments to be made for each such obligation through July
31, 2012. The new ROPS sets forth the recognized obligations of the Agency through December 31,
2012.
The amended EOPS and ROPS and the new ROPS are required by law to be transmitted to the County
auditor -controller, the Controller, and the Department of Finance, and shall be posted on the City's
website.
The amended EOPS and ROPS, and new ROPS are included as Exhibit A, B and C, respectively in the
attached Resolutions.
FISCAL IMPACT
No Agency funds are involved with the adoption of the schedules. The EOPS and ROPS simply list
existing Agency obligations.
. Attachments:
Resolution — Successor Agency of the former Redevelopment Agency of the City of Azusa Adopting an
Amended Enforceable Obligation Payment Schedule -August 2011 to July 2012
Resolution — Successor Agency of the former Redevelopment Agency of the City of Azusa Adopting an
Amended Recognized Obligation Payment Schedule -January 2012 to July 2012
Resolution — Successor Agency of the former Redevelopment Agency of the City of Azusa Adopting a New
Recognized Obligation Payment Schedule -July 2012 to December 2012
Exhibit A — EOPS, August 2011 to July 2012
Exhibit B — ROPS, January 2012 to July 2012
Exhibit C — ROPS, July 2012 to December 2012
RESOLUTION NO.
A RESOLUTION OF THE SUCCESSOR AGENCY OF THE
FORMER REDEVELOPMENT AGENCY OF THE CITY OF
AZUSA APPROVING AND ADOPTING AN AMENDED
ENFORCEABLE 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 "Enforceable Obligation'Payment Schedule" ("EOPS"),
Resolution No. 12-R8, dated February 27, 2012, and is operative only through July 31, 2012, the
previously adopted EOPS 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 EOPS 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 EOPS. The Agency hereby approves and adopts
the amended EOPS, in substantially the form attached to this Resolution as Exhibit A, 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 August 01, 2011 through July 31, 2012. The
Agency reserves the right to further amend the EOPS in the future to make the EOPS more
accurate.
Section 4. Postin% Transmittal to Appropriate Agencies. The Executive Director
is hereby authorized and directed to post a copy of the EOPS 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 EOPS and other information
as required by AB 1X 26 regarding the Agency's adoption of the amended EOPS.
Section 5. Effectiveness. Agency approval of the amended EOPS 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 _ day of April, 2012, by the following vote:
AYES:
NAYS:
ABSENT:
ABSTAIN:
Chair
ATTEST:
Secretary
EXHIBIT A
AMENDED ENFORCEABLE OBLIGATION PAYMENT SCHEDULE
[Attached behind this page]
m
m
N
O
m
2
0
Y�
m�
MO
$ m
Yy
90
Yi
:tat
=m
m
y
N
A
m
c
m
Y
gr
jggj55gg
¢
aIT
d3
p
l
9-
v
B
a
a
4e
s¢
an
894
wad
8m�
8��98n��
2US_o
9
SIM
Ma
t
afIN,i
.7
¢
E�Y
Y
59µ
¢
In
SIR -B
o8o8•ee
ee••••.
a
e'
E 8¢
J�y
G
i
o o
o o
o a
tl 8
9
4
8 �a
_
@
�£
X8,1
i........o0'
o-
�'�8
00��000000000000'
.9
x'88
•
0000
o00
o .
. .
. o0'
d•8�
o�:
Y
GAS
8 md�
88•
g8o
I
4
PI'
'8#
o8000fo
oG�'soo'
8 b
yo
g88d
aa:ad
k-
6':�
080.o...0
So$8"e�p
m
m
N
O
m
2
0
Y�
m�
MO
$ m
Yy
90
Yi
:tat
=m
m
y
N
A
m
c
m
Y
m
m
O
2
O
�n
m�
m�
m
s0
-m
o �
YD
a
YZ
ms
m
y
n
m
°c
m
X
cr
rt
�Sn%MY�v'-"SmS�mtlPLG'
�SCY�#="„s
14
EMU
-
111
i 1
7j33
z
>
B5RR
9634%q°4yg°dn��43�3.5�$LLS
qpp
�tlif3�
3°333
9SGz
�6
$ri
9 xpYi°9]p
iiil
3
3-��nLG3
3•
giii�i�9iGi�
am
Y,
g3g90
30��
Y9
ax
�
9
�$°
3
iia
«C9
tlB$
�t
8
°
SS$$css'•3,��9�gax.»M�i^ga�9
ail
`u;m�=-y9<i
HI
NOR
a
°
��tl�•F�3!
4
$
3O
�
as
�°g
F
s�,
a_s
$
F
Y
Ya
�4
9tl
L”
P«�'
AQ
as7
m3^
oF3
Om
s
-tl
mn
$d
tl$
9
3
tl
a
M�
Y
_
ys
S
9
N
5
.'o.....9k.o'M8aoo...ox.e..o.«.00a55e..000.00..00.'
a
....50.9:0......o..Up�o..oSoeG.$..o...o..o
m
_
�
8
i.o'
Yo.o.S......o......'-°a0000�oSN000
' o..
oo...
ooYol'
u.a.Y
R
w
a o
"e
.............5...........
e
z ag.5..........§..
o
-
cso
m
2
e o..o..000...
oo............SGk
-
.S.000.o.......
e
s
_
es
--
.x5.-5.
ao
s.sc
..
....................:..m
d.e....
--------------
co...
O&
A
.8oa5.o..59..o...o......«.xI000.o...o.e...o'
.y�
«.»«««»»»B8''S859�e555do6#E'
Al�
5«»»««.«
mY:$565'S55$55"
g5�^
m
m
O
2
O
�n
m�
m�
m
s0
-m
o �
YD
a
YZ
ms
m
y
n
m
°c
m
X
cr
rt
naveNRedme., . Rpmry: M RaNveNglnmlApa, Exhibit A Rpe1 m1
vm,W ,aw* NmpedCm,WB —Offal¢ l Wnl End Rgm Nn
RMSEa04ON12
OTHER OBLIGATION PAYMENT SCHEDULE
Per AB 20 -B len U167 and 3169 P)
Name m RNwedpllften, µyea RNerebpnml p9mry
pn,' pleural Ran.,,RMMke.
Exhibit A
ENFORCEABLE OBLIGATION PAYMENT SCHEDULE
Pel AB 26 • S.MR. Rt W aM 50189 11)
P 1 e11
RMSEDW 1]
.4
TMAGub IN Tg Weoullw
Pn" Rame/CemO aLL P ee Onal pegaOtl slim Pe. A. 411131 9e Oq
Nw
pea
meMn mcrM l
Jan2J12 FM
Nan
N
Jun
JW
TOW
1 L6W Ent elven L'MaM Wales 2SVen 8emml Nde�Rwdn I 126668 f 151445 S - $ f $
2 C4 Loan C' wµ 1930p AC Lwn PanMrvn 5187. 125590 0 0 0
3 Sal Taa Reirnbuw eM CW dµ. Saha Tal Due C4 15W,508 15690 p 0 0
<LBWE eLoan WN.. Wale, A& -c ,hadA nlm wemeMa 1902,(68 n715 0 0 0
S SERMF 20Mll Lmn WmandWale, fYMW SEW meM le 31014 8713 8,]13 0 0 0
6
$
0
0
0
0
- f
D
0
0
0
$ 3
0 0
0 0
0 0
0 0
- $
0
0
0
0
S
0
0
0
0
S
0
0
0
0
151A45 S
12$590
1588]
77715
8)1]
3
0
0
0
0
151.N5
'45590
15880
77,715
6,)1]
B
9
t0
1
12
13
14
15
16
1]
16
19
211
b
ZJ
Z3
2a
25
M
n
2e
29
v
(11 TMa RarnM EMwceabb OEll9allOn Prymml SCMtluk 1FOP81ammEa Me xnvlula NOPleE ey tlrcS 1q]35518 S L72 '1' f i S f
T°lan-01h°nOM9alk^a S 43031%] f 103,2N f f f f
GnM pM.pBP e1 f 15.O13,Z65 f 8]] $ - f ! f
f
<)80B f
A]Bm f
f
f
f
S f
f f
f is
S
3
is
S
f
is
S
f
is
MUM!
<]609 f
438951 f
a
S
3793tl
IOJ.28i
(1) TMs RwbeO EMacdge Ogigallan Paymml5cheluN 1EOP5� ammEa tl1e xheOWe WPIN C)' 1114 prvaa fle0evelapnnnip9enry m Januvy 3I, M12 h N valN Nnau9110]/]1/12
12� hlcl We ml] prymmn m M matle alto gea0optlan of ma EOPS.
1)1 All Prynnnl a,munh aeestlmaga.
Neme of ReEevdopmeMTpenq Nivae ReEevdvymenl gpenq Pepv1 olt
Exhibit A
P�ejeM Neap) ReMR Centro Rebd Wee ,
ROnSE0 MV13
OTHER OBLIGATION PAYMENT SCHEDULE
Per A8 29 - Sectlon 16181 and U169 (1)
CERTIFICATION
I, Secretary of the Redevelopment Agency of the City of Azusa,
do hereby certify that the foregoing Resolution No. _ was duly and regularly adopted by the
Redevelopment Agency of the City of Azusa at its regular meeting on the _ day of January,
2012, and that the same was passed and adopted by the following vote, to wit:
AYES:
NAYS:
EV -33 Vii`."
ABSTAINED:
Agency Secretary
RESOLUTION NO.
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-R9, dated February 27, 2012, and is operative only through July 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 January 01, 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 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 _ day of April, 2012, by the following vote:
AYES:
NAYS:
ABSENT:
ABSTAIN:
Chair
ATTEST:
Secretary
EXHIBIT B
AMENDED RECOGNIZED OBLIGATION PAYMENT SCHEDULE
[Attached behind- this page]
um. d ReENebpmntl A9uµy: city WAauea RCEweI NMM ABent/ Exhibit B Pore 1.12
ProleM Neale) Meg Ce al Sunlnenf) MdAWeeIEMP,,,,a Arw
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Per A6 26 -Section Ul"
FISCAL YEAR 2013 -1012
Rav6e] 449.12.
Page 1 of 5
Ro ed Mena I Data Obfi,.
P',
O
Total Ou15taMm0 Total We Dvirg
GeMorO alkn PerIM
Jan
FeE
Mar
penreft
Ap
W rn M
may
Jun
lul
iTil BwrmdP merit
1
Tax Alxalbn 6wMa
Bvq Hd
20005eMe A Me en TA Borba
$ 143]653] S
5]]988 $
246,434 f
f
S
- S
3
- 3
331494 S
5]]980 Prop Tax Tnnt FUM(RMF)
2
Tax AbarMn BwMa
Ball Hctlera
205304 ea T.A Reaoxhm Bolla
112(64]3
827180
16,000
0
0
0
0
0
661PM
827.160 RMF
3
Tax Alwarion Belle
Bond Hdero
=5 Mer NT.A Berbe
18581193
3494226
11013
0
0
0
0
0
1]4.]13
348.426 RMF
4
'haFaq Aoxan,o
WN Wain
S77E15 FooO,Mrene S.
1.690330
92,141
13163
1310
13163
13,163
13103
13183
13183
22,141 RMF
5
MMFurbAMnw
La.all Nhrn
AN%e nnp
8.984399
145649
MW]
20.607
20.007
A.W]
20,807
20&37
20837
145.649 RMF
8
nFull AA'ancm
'Mall Watn
819$1 N. Ax.TM BM
250635
3.745
0
0
0
0
0
3.745
0
1704 RPTTF
T
Reim, 4,xeemM
cky a .
RtlmOA fm 3 R nxang COPb (aFFAJ
4.141.156
MAW
Bt925
0
0
0
0
0
301,925
3 ,IIx04 RMF
8
H N BOM,
BmE HoexM
=8Serke B Ho.TA Babe
2490744
880708
375.354
0
0
0
0
0
505354
880]08 RPTTF
9
Tex Ab knSwan
Band Hobera
AO] Serine A Tax AM1.ralion Borba
2]511 925
1 2900c
430.023
0
0
0
D
0
8WOZ3
1.230048 RPTTF
10
Tex xb ixn Bonds
Brod HOMen
26] Same, B Tax Ononx nBolla
8383855
323.444
114.04
0
0
0
0
0
z9bm
323404 RPT]£
11
LNIPdan.
RDA Lox MW FUM
Lw ldxJ8. 36 mix. Lee
1.618635
0
0
0
0
0
0
-02
0
12
MI. Full Adan
Mam Water
f45C4IAxrce B 1,a Reader SM
449.4@
49,942
0
0
0
0
0
49.912
0
49.042 RMF
13
OmhM Pu._ 0.
Fal Coria a
Vfinkr F'.
0
0
0
0
0
0
01
0
0
0
14
Em ee Coah
E erootPeerd
for—pixence
0.495
Mb495
65495
0
0
0ffi�s
0
0
65495 RPTTF
15
NMOa eCan Ian
Artit Com IawS
'21'¢14 ea9u14:,q 80Ms
2775
2.]]5
2=
0
]]5
00
0
2.]]5 RPTTF
15
PnWC.-N..
HOLCaenBCarc
Sake mXZ!nu ii B ca nc a
15.895
18.695
2.100
2660
SW
2.500
1 W
15895 RPTTF
t]
Pr Tax CnmM
HOLCwenI Cme
ae all Pm Ir aa1.,
104W
1460
0
0
0
00
0
1460 RMF
Fax
0
TOrvk-TMPa9e (1)
TMab-Pxgx2
TMab-ONtt Odgalvw
Garq Ural-7dP es
Itl AO PaymentemNnbereeftlnrOhY
123203917
37.692.8]3
79.261.575
f 239.236365 S
4989.]84
1715126
1]]0018
8, 8
18Y[.3%
221338
1374010
S3 ]40 f
36i 570
165,988
0
042.556 f
3]245
260,559
0
297004 S
36.4702
213m^,
00
350.150
08 S
30]8,991
119,078
0
3198,089 f
- '
1909764
1735126
1270.010
0094930
Page 1 of 5
Nemeol ReewdrannIeNA9nry: " olgzuse ReCevekpment Apmry
Exhibit B °age2df:
lease. soots) Merged [Boards,0lb
e{ Buema padwm Erre RONba.,
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Per AS 26 - Soared 363]1
FISCAL YEAR 2011-2012
Revised 0401112
TObI CNsbndn9 Tedd Due DuMO menti mord0
RO cl Nem°/DeM O0110etlon Pett Desrsl '° Debt.0 °tlan Period Jan Fe0 Nel Me Jun JW
Page 2 of
Ta Sourp °IP anent
18 ConrinBanana
Lena 9o3d Margined
qudarris tts
S 11,000 S
11 WO $
5,500 S
$
S
3
5 OD 3
S
S
11,000 R°deveb entR TU Trust Fund RPM
19 Bambmm FFE
FE
Ben101na1 Pim
FumlWrc FhWrndE men{Lc°n
14558
18.558
0
0
18S58
0
0
0
0
18,558 RPTTF
20 E1Uq mI DOmm NoM NJg1
LaMa Rahol Canlen
Potential U (dated Dirmors
10,000
10,000
0
0
0
0
10000
0
0
10,000 RPTTF
21 Reem Coronation Services
Wbm FuMes
Pro ect Adminlinn.U.
189.585
0
0
0
D
0
0
D
0
D
22 Apprusal Services
RP Leursin
Prop Averalsal 975 W. FcotiQ "Was
0
0
0
0
0
0
0
D
0
D
D Airselanal Sem-
RP Louisin
ones fthroldrial Sen Sahara qv° Mk 37
0
0
0
0
D
0
0
D
0
0'
24 OrrerCommamq rant
APPLE SOCAL LLC
AggralebasaO ereen Cmenred Prahment
0
0
0
0
0
0
0
0
D
0
25 Emlmnmenbl Smke°
LSA
Agenda G°rhn CE0A Structs
26.491
0
0
0
0
0
0
0
"0
0
25 ConaWm Servkes
Indians Send..
All her 0mdm8etiAC Plan
2,060
D
0
0
0
0
0
0
0
0
2I EM gtleMb Gangland
Mer Housin
FoleMlel Ll ideled Dema es
SD 000
50,000
So 000
0
0
0
0
0
0
50.000 RPTTF
28 ENA Enitt 1°e
Kd Pace. B awcbtea
Ho1N dad
D
0
0
or
0
0 1
0 1
0
0 r
0
39 OM MAJamede fling Prodi
Car Vmlures LLC
PatenYdD idetee Doersavir
25,000
MAN
0
25000
0
0
0
0
0
25,067 RPM
30 ODA ArvaalAnow
no Chanel Fa" LLC
Public Infarnmemseas
200000
200,000
D
0
0
0
0
200000
0
200,000 RPM
21 Consulting Sordeea
OvedaM Pa.." Cuticr In..
ABntla Gordon Relece Hm Ran
0
0
0
0
0
0
0
D
0
0
32 Contreq Pomace, Onaer
Ed L Smvims
ReP.lr Wa n RO a
11690
11,690
1670
14820
1670
1670
1.670
1670
1670
11,690 RPTTF
33 Conbect Purtllaac Ord,
Mia. Amaa Sksedidshlih Program
Mesa Pzua°d Altai. OWWdn Tmn Amae
0
0
0
0
00
0
0
0
0
N Legal Servlcn
BnlBM 6Kne m
RedeM anent LegalLounsel
233.331
233.335
JJJJ3
33311
33,333
33333
33333
JJ,JJT
33333
233335 RPTTF
35apticy OPendermt
Vnlmn
Reedm Bemd M-florr Vista me
750
875
ias
125
125
125
125
125
125
815 RPM
36 Agirre, o era6me
Verieon
CeOPnone Ax Redn.Pro.M
too
100
100
0
D
0
0
0
0
100 RPM
37 A m O em on
Iran Mm rain
Mo Ramres Sore a
870
870
110
145
115
145
145
113
0
870 RPTTF
]8 A m O m°tlOn°
N.9 ..I Comeuer.e RmbN Ina
Seraisly Fen. (71 &718 N. D.J. Av
D
0
0
0
0
0
0
D
0
0
]9Agerres OpereBn.
AT&T
FV MCNInc
70
10
10
0
0
0
0
0
0
10 RPTTF
10 A mi Opened..
NaOmN Cidproson Rmlep Inc.
Saardar, Fmce Choi Pro
of
0
Or
D
0
0
0
0
D
0
It Arrow Owed..
Light and Water
UM' cosh
ol
0
01
0 1
0
0
0
00
1
0
12 Agencir O cratlom
red 6
Pardo, Deffiv
ol
0
0 1
0
0
0
0
00
0
43 DOA ee/Arrow
AAJ
OemoWm of 17511 E. Maw
48,288
48,286
750
1215
2]]]8
18,545
0
O
0
16288 RPTTF
14 A en ...Bans
Office ce Oe
OXkee An
0
0
0
0
0
0
0
0
0
0
45 AdmuaM
San Gabriel V,11ar TriWne
AeveNal and Pobfc Noticn
0
0
0
0
0
0
0
0
0
0
46 Travel and Morfing Err.nae.
US Bank
Trans and Meann a .mea
0
0
0
0
0
0
0
0
0
0
47 Bond AdmildsbaEan
Woo Far,. Bank
Tanned Admmbtatim Gohrdes
11.500
11,500
5,000
0
2.500
0
0
0
4am
11,500 RPM
48 Condoning paemwes
UNan FUWln
Cmlirrvikg Olsboaum92511
1
9.250
0
0
0
0
0
9250
0
9250
49 Bond AdmlMntral.
Bank of New York Modern
Trashier AdmlNab°tlon Ceder es
of
D
D
0
0
0
0
0
0
0
50 AdmmistreWe Fen
C of Anus°
Suu
csireA gdmlNsbalke Fen
101,18]
104167
0
0
0
0
0
104161
0
104,167 AdmialabaBve Coat Albvm<e
51 Insurance FndPremluma
ICRMA
lrsharniesUakrlfta Cweo a
10.000
10,000
0
0
0
0
0
10000
D
10,000 RPM
52 Prodarty TaresHamaa
Los engross Counts TnC°0e.
Proi Te.e.- Former Tenant
0
0
0
0
0
0
0
00
0
53 Priors Dom ° Danes m
RIce Foo
Seln Ter ABecid-Note
11,956.758
599270
0
0
70BW
15�
120600
00s70
1]95
74,100
5942]0 RPTTF
51 Solea To. 0kAac°8°n NOB
co,.lame
Sdn T. All --ion Note
1853,710
al, 10
79400 1
99,100 1
100,450
0
D
J316o
311,710 RPM
55 Note Parrabli
CRY of Azuae
Sen T. Me C
21,413,]41
0
0
0
0
0
0
0
0
0
56 SEW -FY 2010-11 Lon
jordend Weer
FY 2010-11 CRAF Paredinhe Sole
520,248
0
0
0
0
0
0
0
D
57 Unemployment BeneOb
EDD
thrieringe. benefit mala In former RDA emplasses
140,400
31,200
0
{ICD
5,400
5,400
8150
5.400
I.A.
M200 RPTTF
bnstlan C
58 Tnnmb
Former Em
Training-mformer RM to formRMo to n°
45,303
45603
45367
ol
0
0
0
0
0
45,303 RPTTF
TMab - This Page 111
S 37,682873 S
1.735.126 1 3
221,338 1 S
165.9881 $
267559 S
213,68e 13
1]3,13] 5
5]6,354 S
119,0]8 S 1pS,126
111 M r aYmmt amdunl. an ealrrmle.
Page 2 of
Nemo of ReEciebpnml nq: Pzm RMevebgnenl Ay Papel olf
Prp>caa,epa� mem C�ml Re mDrc aweel Pry dNea Exhibit B
OTHER RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Per A8 2a - Sectlon 3G1T1
F5CALV R=11-2012-
RMWO 12
Page 3 of 5
Name er RaeevNODmem AgeMy: Kusa Ra&rmbpnrcN Agency peye1 a
pmlen Am,u.) Ranch carder Prow Area Exhibit B
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Per AB 28 - Sectton 34177
FISCAL YEAR 2011 -2012
Revised OImV12
Pored Name l Deet Obeellen
Payne
Descrtpien
Toml Oublaneln0 Tcbl Due During
DeM or Obli anon Pence Jan
Feb
Mar
Payments by more,
Apr May
Jun
Jul
Thiel Source0l Payment
1 LBW Ente dee Loan
u m and Water
2SYear SeaRe Note - Re n
$ 2128 888 i
151,"5 S
i
S
5
S
$
151 445 $
$151.45 Redevelo chem Pro Tea Tmal FUM RPTT
2 Ci Loan
C' 0lAxum
1990 APFA CI Lease Loan Dmweeen
5187,363
125,590
0
0
0
0
0
125,590
0
125.%0 RPUF
3 Saba Tex ReimbursemBre
cryof ASuae
$abs T"DYac
1,508,W9
15,880
0
0
0
D
0
15,680
0
15,8.90 RPTTF
4 LBW Erde Loan
u mane Water
AWanW etuelilelbn lm mvemenls
1,902,056
77,715
0
0'
0
0
0
77715
0
A715 RP7TF
5 SE F -FY 201011 Loan
O M and Water
FY 201011 SERAF P chard M Slate
8.713
8,713
0
0
0
0
0
8.713
0
6]13 RPTTF
8
0
71
1
0
8
0
9
0
10
0
n
o
12
0
13
0
4
0
s
a
16
0
17
0
to
0
19
0
20
0
21
0
22
0
23
D
24
0
25
0
26
0
27
0
26
a
29
0
30
0
Talala-This Page
Talala-q,er Ml4Wbns
0rane total - All Pages 1
(1) All Payment amoume an esllmatee.
..
1 10,]33,918 S
5 4,254p61 5
$ 14989579 S
379,343 S
4T,608S
428931 i
i
5
5
5
5E
S
5
AlS
E
5
5
$
i
379,343 $
41.608 $
421,931 5
S
i
S
379,3"
47.808
436931
Page 4 of 5
Nameol Raaeelopmat Apenq A sa RedeeWemenl Apenq Pape t of
Pmiecl Ame(a) Rend Can*, Pm)etl Arca Exhibit B
OTHER RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Per AS 26 -section 34177
FISCAL YEAR 2011-2012
Revised ONOvl2
Page 5 of 5
CERTIFICATION
I, , Secretary of the Redevelopment Agency of the City of Azusa,
do hereby certify that the foregoing Resolution No. _ was duly and regularly adopted by the
Redevelopment Agency of the City of Azusa at its regular meeting on the _ day of January,
2012, and that the same was passed and adopted by the following vote, to wit:
AYES:
NAYS:
ABSENT:
ABSTAINED:
Agency Secretary
RESOLUTION NO.
A RESOLUTION OF THE SUCCESSOR AGENCY OF THE
FORMER REDEVELOPMENT AGENCY OF THE CITY OF
AZUSA APPROVING AND ADOPTING AN ADDITIONAL
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-R9, dated February 27, 2012, and is operative only through July 31, 2012, an
additional ROPS needs to be adopted for the subsequent six-month period 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 addition of a new 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 Additional ROPS. The Agency hereby approves and adopts
the additional ROPS, in substantially the form attached to this Resolution as Exhibit C, 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 01, 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 additional ROPS.
Section 5. Effectiveness. Agency approval of the additional 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 day of April, 2012, by the following vote:
AYES:
NAYS:
ABSENT:
ABSTAIN:
Chair
ATTEST:
Secretary
EXHIBIT C
ADDITIONAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE
[Attached behind this page]
ILme of Redevelopment A9mq: Cley el Anne Retlwebpmmt AM,
ExhibitC Peeet all
pmpq Nealsl Ma9edCmeelBwNeae 015eIRd Weat En qb N
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Per AB 26 -Section 30177
FOR THE FIRST SIX MONTHS OF FISCAL YEAR 2012-2013
o4mv19
Page 1 of 5
Ro eRNamal pelt 061 etlen
P e
0 tlm
T9el OutaleMing
peElal Oel etlon
Tanl Ouef%nnp
P.6.
Jul 2012 i i
Me
Sell
P mene0 manM
OG
Nw
Dee
Tvlel Source of ponnnond
I
2
3
S
6
T
8
9
10
11
12
13
N
IS
Tea"Pon. Banda
Tee A9owtlm Bond.
Tea Mawtlon Banda
II MFUIN Admce
t1 MFbnd AN...
Waha Fuld Aden.
ReIm6A eemeM
Hwsln Sande,
Tec Allocation Banda
Tec A600dden Banda
LMIAdmce
WMer F.W Adence
htNa C0 lance
N.NC.tco None
Proe TomCanaultln
Bond Hdtlen
Band Holden
Bend Holden
LI Tend Water
Li htend Wets
Ll6t end Wets
Ci of Pzuse
Bond HoWen
Band HCW .
Band MWen
RDALaw Mod Fund
LI tand WMtt
Ne -l- C—Pne.6etleleh
HOL Cm. B Cone
HDL Cmen BCane
Z0 We Son. A Mer ed TA. Bondi
2003 Mm ed TA. ReMndn Sonde
2005 Mae dTA Bonds
pdmcN5T2d4a F."l(rema BYe
Ci AdJAuodeelen
C' AftAl IN. prose Te Bid
fleim6A ndc?W3 ReNnon COPS
208 BM. B Hoer TA Bonds
2007 SM. A Ter A oofl nBond
M07 SM. B T. Ale-do.,Ale-do.,Sonde
Lw Ieod AdJBbck 36 Mked We
CI AdR{SpWAmaedlat Reeder Sind
A2ia.oe mlMatlon lot Sonda
sm. to can9W16n 6 mlo Poona
To Increment and Pam Ww mkuletlana
S IJ,SW 656 S
10.228708
I6fi5608f
2,5a5,604
9629870
196,]]9
3255000
22102,M6505
25802123
7,950,4[6
1.818,635
938,241
elm
31.000
3,.0
328894 $
631.090
171,713
229.831
262790
7,gry
301925
505,351
860023
209,022
0
49,942
5315
14695
1.480
me" 3
661090
174,713
229831
T6f1
M1925
505,]51
860,023
209,122
2,100
-
- S
-
-
-
-
-
2,600
-
-
,'.315
2,500
$ - S
282790
2500
$
-
-
-
-
2,500
1.480
S
-
49.942
2900
2,495
328694 Renleralcpmommrt Plap Tee TmSt Fund(RMF)
661,090 RPM
174 ,713 RPM{
229,831 RPM
262.190 RPM
T,61f RPM
301025 RPTTF
505,]51 RPTTF
860.023 RPMM
209,222 ftR
PW
- IRPM
49.942 RPM
5]25 RP TTF
10,893 RPM
1.400 RPM
TOWa-TNa Pe9e 111
iolen-Pe0e 111)
TWaO.OMeeOMgeOeM
Grand bbl -M red;
11g5e1777
37,593,412
79,261,575
S 133.398704 3
3312895
11170.434
0
478,'119
3.200,563
185]55
0
],{03,910 5
2,600
2.,453
0
299055 S
5p25
306363
0
]12108
M5290
981355
0
JBJ,845 S
,'900
33.705
00
17835
54137
2N 017
188.40 S
3.612,695
1,'54,250
0
4,768943
(1) All PSYmene.—nb en.MMHa
Page 1 of 5
Name of Redeielopnerd A,.,: CIN oIAz.s Redeeebpnenl beriq
Exhibit C PW&2ef2
PraFapreats) Memed CenbelBWnea ObMMd W. End P.I.Mee
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Per A1326 -Section 34177
FOR TRE FIRST SIM MOMS OF FISCAL YEAR 2012-3013
"OV12
Pro Nemo I OeM OW edon
P'.
Deociholl..
Tolel Outstanding
OeM6r OM e60n
Tad One Durn,
Pemd
Jul 2012
A
PoYlnanb W mm"
Sinn Oct
Nm
D.
Tow Source of Powerion
10 C.ricumm Servlae
Lena Sall A Len 6aN
Audit Servloeo
f 11000 $
5,540 S
5500 $
3
- $
3
S
S
5500 Redevelo ment Pro T. Tront Full IRP
19 BePtlnm FFE
eemdnoa Play
FurnINro FMNreeAE M nt Loen
18.556
16,558
16553
16558 RPTrF
30 ENA mR Ohnrn NaN ALA3
Lewis Ransil Cenlera
PNeMaI Uquidateel Cone,es
10,000
10,000
10.000
10,000 RPTTF
a RedmC omuft Servlma
Urien FUNrm
Pr eMAdmMSOedon
263,18
30,000
1500015,000
30.000 RPTiF
M EMIOmmW
enServiae
LM
AllGorden den CEOp3
3.491
26.481
-
15.491
36,191 RPTTF
ri Ce.u12 Service
larroact3crencer
Ademe Gardens do Phn
2.060
2.060
-
2,060
3060 RPTIF
24 OOA phmetl Pm
Cay Vtn.. LLC
Pa6nda Licnonte, Darricar.25.000
25000
-
25,000
15.000 RPTTF
25 DON MANnxJa Prol
cio, Viourn"LLC
canneries
25.0031
25000
25,000
25 W0 RPTTF
36 Contract Purchase Ord.
EAL SeMcea
Re Ir ofA Po
VB90
loom
1,670
1,670
1670
18]0
1870
IBID
10020 RPTTF
2] al Servltta
Beet Beat 6 Kd a
Redeye ntL al CoumN
233,331
90067
15.000
15.000
15,000
15.000
15.000
15670
9.067 RPTTF
2B n Operations
Ved.
Reeder armed MonOr Ura Bin
2,067
610
140
140
140
NO
1C0
140
640 RPTTF
M n O ratio.
Iron Mountain
MoM R... Suci a
2,670
870
145
10.5
145
146
145
us
670 RPTTF
30 Bond Admnianation
Weft FargoBank
Tr Wee Admirdionton CAa es
Wool)
am
4,000
5000
9.000 RMF
31 Adriirrolnorve F.-
CI of rr .
SucceamA en AdmmetreMe Feee
250,000
IU.167
-
-
104107
10416) AdmMspeEve Coll Albwance
32 Imuran Feev➢remuns
ICRMA
Imunnce-11eMn Cwer a
10.00
10.000
-
-
10670
1.067 RPT1F
33 Pda Ca a Oweb r amen
Price Ferri
Saba Ter Allocation Not.
11958.]58
425,100
74,100
125,000
150,670
78.000
425,100 RPM
N Sebe Tar Mocacon Nola
G ofria.
S.1 -T. Afioatian N.
1,653,710
]11,]10
78.4W
99,100
100,450
32j6)
]11,710 RPTTF
35 Not, P ehh-0da
G of AZusa
Seke T. Due Ci
22413,714
W SERAF-FT 201 NI 1 Loan
U hlaMWaler
FY 2010-115ERAFP menl0 Bonn
520346
32,368
-
-
18164
16.104 RPTTF
37 Unem mml Bereft
EDD
Un .6enefil cmta In larrmrRW em
140,400
33,750
5.40
5,100
51"0
5.400
6767
5.400
33750 RPI -TF
36
39
Totlb-TIV Pe0e 11)
S 3L593.02 S
1,1]0,431 15
185,355 S
M455 S
304363 S
98155.$
33,705 IS
2U,0171$ I.IU,2W
(11 A"Pgmmt amourda bn olmeMa
Page 2 of 5
Name W ReOwebpmeMFpmry: gz�ne RMwv pm nl ApantT P'. i M t
vmieaamal MemM ceppa Bwnma w da wea Ep Pmieamoa Exhibit
OTHER RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Per AS M • SCCROn 76777
FOR IRE FIRST SIX MOMS 9=1. YEAR 2913-M13
W0012
Page 3 of 5
-
---------
Iwo
IRMO
Imm
Immm
Page 3 of 5
Name of Redevelopment Agency. Aauao Redevelopment Agane, Exhibit C Pagel of
Project Artists) Renctt Center Project Area
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Per AS 26 - Section 34177
FOR THE SIX MONTHS OF FISCAL YEAR 2012 -2013
MV12
Pmect Name l Cast Obli don
P'..
Deami Ion
Total Outstanding Total Due During
Debtor Obl' atien Period Jul 2012
AugSale
P menta th,
Oct
mono
Nov Dec
Total Source efP ment
1 Ci L&W Enterarna, Loan
G Mand Water
25 -Year Secured Note - Revolvin
S 1489,250
387312 $
$
S
$
f
S 367312.42 136T,312.42 Reaevela mart Prop Tea Trust Fund RPTTF
2 City Loan
Chy of Aauae
1990 APFA City Lease Loan On,Mo
5,187,363
207495
20495
201,495 RPTTF
3 Salm Tex Reimbureement
Cit,of Azure
Sale, Tea Due City
1 We 500
52796
52,)96
$2798 RPTTF
0 City L&W Enterisilas Loan
Win and Water
AdvancelRababllilatian l rovemenlf
1,902,066
- 77,715
77,715
77,715 RPTTF
5 SERAF-FY 2010.11 Loon
Light and Water
FY 201-11 SEW Pament k Slate
0713
272
272
272 RPTTF
6
0
7
0
at
0
9
0
m
0
0
12
0
13
0
14
a
5
0
0
0
17
0
16
0
19
0
201
1
a
21
1
1
0
22
0
23
0
24
0
25
0
26
0
27
0
28
0
29
0
30
0
rules - Tris Page
Totals - Other Ob9ga0em
Grendl<laf-Allis a 1
(1) All PaYmeM ameun s are ee8mstaa.
-
11 1015904 S
E 02585 ]1 S
S 14332473 1 S
)115592 S
8020 E
714,4201$
S
E
is
3
E
S
E
S
E
is
f 705,592 E
E S
S 705.5921$
70,592
T05,592
Page 4 of 5
Name of Redev opmenl AgeOq A2osa RoayelopmeMAgem, Exhibit C • • Paye I of 1
Proied Area(s) Rantli Cerner ProieM Ama
OTHER RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Per AB 26 -Section 74177
FOR THE SIX MONTHS OF FISCAL YEAR 2012 -2012
04102112
imm
®®®®®®
Page 5 of 5
CERTIFICATION
I, , Secretary of the Redevelopment Agency of the City of Azusa,
do hereby certify that the foregoing Resolution No. _ was duly and regularly adopted by the
Redevelopment Agency of the City of Azusa at its regular meeting on the _ day of January,
2012, and that the same was passed and adopted by the following vote, to wit:
AYES:
NAYS:
ABSENT:
ABSTAINED:
Agency Secretary
i
AGENCY CONSENT ITEM
TO: I HONORABLE CHAIRPERSON AND AGENCY MEMBERS
FROM: MARCENE HAMILTON, SUCCESSOR AGENCY TREASURER
DATE: April 2, 2012
SUBJECT: SUCCESSOR AGENCY OF THE FORMER REDEVELOPMENT AGENCY OF
THE CITY OF AZUSA TREASURER'S STATEMENT OF CASH BALANCES
FOR THE MONTH OF FEBRUARY 2012
RECOMMENDATION
It is recommended that the Agency Members receive and file the Agency Treasurer's Statement of
Cash Balances for the Successor Agency of the Former Redevelopment Agency of the City of Azusa
for the month of February 2012
BACKGROUND
Transmitted herewith is the Agency Treasurer's Statement of Cash Balances for the Successor
Agency of the City of Azusa ("Agency") for the month of February 2012. Agency investments are
made in accordance with the Successor Agency Investment Policy approved and adopted with
Resolution No. 10-R33 dated October 18, 2010, and Government Code Section 53 60 1. Investment
activity is summarized in the "Treasury Book Balances -Cash and Investments" schedule, attached
herewith and an integral part of this report.
Agency cash and investment balances increased by $114,756.75.
The Agency is the issuer of several Merged Project Tax Allocation Bonds. Of the total cash and
investments of $4,284,494.97, Wells Fargo Bank, the fiscal agent, held $4,171,724.35 on behalf of
the Agency. These funds are restricted for payment of debt service on the bonds and special bond -
funded projects. The remaining $112,770.62 was available for Agency operating, debt service,
restricted expenses, and outstanding liabilities.
FISCAL IMPACT
There is no fiscal impact. This is an informational report.
MH EG
SUCCESSOR AGENCY OF THE FORMER REDEVELOPMENT AGENCY
OF THE CITY AZUSA
R
TREASURY BOOK
BALANCES - CASH AND INVESTMENTS
"
FEBRUARY 2012
Maximum
Deposits
Cost
Interest
Mkt
Bank Accounts
Allowed
Amount Pledged Securities
Maturity
Rate
Value'
CASH AND INVESTMENTS HELD BY AGENCY TREASURER
Wells Fargo Bank
Government Checking
No limit
$112,770.62 FDIC up to $100,000.00 -
Ongoing
0.000%
$112,770.62
>$100,000 collaterized by 11 D% in govnl securities
Local Agency Investment Fund (LAIF)
$20.000,000.00
0 Backed by faith 8 credit of the State of California
Ongoing
0.389%
0
SUBTOTAL CASH AND INVESTMENTS
HELD BY AGENCY TREASURER:
$112,770.52
$112,770.62
Interest Collections:
$0.00
CASH AND INVESTMENTS HELD BY FISCAL AGENT
2003 Method Protect Tax Allocation Bonds
2003A Special Fund
AIM Gov't Portfolio
No limit
0.00 Invesbnents in direct obligations of the U.S. Treasury
Ongoing
0.000%
0.00
2003A Interest Account
AIM Gov't Portfolio
No limit
0.00 Investments in direct obligations of the U.S. Treasury
Ongoing
0.000%
0.00
2003A Principal Account
AIM Gov't Portfolio
No limit
0.78 Investments in direct obligations of the U.S. Treasury
Ongoing
0.000%
0.78
2003A Reserve Account
Reliance Certificate of Deposit
No limit
866,442.59 >S100,000 collatedzed by 110% in govn't securities
12104/14
0.010%
866,442.59
Reliance Trust Co. Cash Equivalent MmM
No limit
1,150.31 NIA
Ongoing
0.000%
1,150.31
AIM Gov't Portfolio
No limit
261,559.59 Investments in direct obligations of the U.S. Treasury
Ongoing
0.000%
261.559.59
2003 Merged Project Tax Allocation Bonds Subtotal:
$
1,129,153.27
$1.129,153.27
Interest Collections:
$0.39
2005 Merged Protect Tax Allocation Bonds
2005 Special Fund
Wells Fargo Advantage Govt Mind
No limo $
0.05 NIA
Ongoing
0.000% $
005
2005 Interest Amount
Wells Fargo Advantage Gov't Mmkt
No limit
0.00 NIA
Ongoing
0.000%
0.00
2005 Redevelopment Fund
AIM Institutional Prime -Cash MgmWMk
No limit
0.00 N/A
Ongoing
0.000%
0.00
2005 Reserve Account
Reliance CertlBcate of Deposit
No limit
703,52806 4100,000 collaterized by 110% in govnt securities
12/04114
0.010%
703,52806
Reliance Trust Co. Cash Equivalent Mmkt
No limit
182.521.38 NIA
Ongoing
0.010%
182,521.38
2005 Merged Project Tax Allocation Bonds Subtotal:
$
886,049.49
$886,049.49
Interest Collections:
$0.07
2007A Merged Protect Tax Allocation Bonds
2007A Bond Fund
Wells Fargo Advantage 100% Treasury Mmkt
No limg
$0.00 NIA
Ongoing
0.000%
$0.00
2007A Interest Account
Wells Fargo Advantage 100% Treasury Mmkt
No limit
$0.00 N/A
Ongoing
0.000%
$0.00
2007A Principal Account
Wells Fargo Advantage 100% Treasury Mmkt
No limit $
0.34 N/A
Ongoing
9.000% $
0.34
2007A Merged Project Tax Allocation Bonds Subtotal:
$0.34
$0.34
Interest Collections:
$D.DO
20078 Merited Proiect Tax Altocatton Refunding Bonds
2D07B Bond Fund
Wells Fargo Advantage 100% Treasury Mmkt
No limit
0.00 NIA
Ongoing
0000%
0.00
20078 Interest Account
I
SUCCESSOR AGENCY OF THE FORMER REDEVELOPMENT AGENCY
OF THE CITY AZUSA
TREASURY BOOK BALANCES - CASH AND INVESTMENTS
FEBRUARY 2012
strict regulations described in the Trust Indentures.
-Market Value is the current price at which a security can be traded or sold
Deposits
Cost
Interest
Mkt
Bank Accounts
Allowed
Amount Pledged Securlties
Maturity
Rate
Value -
Wells Fargo Advantage 1009; Treasury Mmkt
No limit
O.W N/A
Ongoing
0.000%
0.00
2007B Principal Account
Wells Fargo Advantage 100% Treasury Mmkt
No limit
0.07 N/A
Ongoing
0.000%
0.07
20078 Reserve Fund
Reliance Certificate of Deposit
No limit
162,521.25 >$100,000 collaterized by 110% in govn t securities
12/04/14
0.010%
162,521.25
Reliance Trust Co. Cash Equivalent Mmkt
No limit
168,915.57 N/A
Ongoing
0.000%
168,915.57
207B Merged Project Tax Allocation Bonds Subtotal:
$ 331,436.89
5
331436.89
Interest Collections:
$0.03
2008A Merged Prolect Tax Allocation Bontls
2008A Bond Fund
Wells Fargo Advantage I00% Treasury Mmkt
No limit
0.00 N/A
Ongoing
0.000%
0.00
2008A Interest Account
Wells Fargo Advantage 100% Treasury Mmkt
No limit
0.00 NIA
Ongoing
0.000%
0.00
2008A Reserve Fund
Reliance Trust Co. Savings and Cert. of Deposit
No limit
397,240.76 >$100,000 mllatedzed by 110%in govn't semblies
12/19/13
2.650%
397,240.76
Reliance Trust Co. Cash Equivalent Mri
No limit
276,023.23 NIA
Ongoing
0.010%
276,023.23
2008A Redevelopment Fund
Wells Fargo Advantage 100% Treasury Mmkt
No limit
007 NIA -
Ongoing
0.000%
0.07
2008A Merged Project Tax Allocation Bonds Subtotal:
$673,26406
$673,264.06
Interest Collections:
$0.15
2008B Merced Pro act Tax Allocation Housing Bonds
20088 Band Fund
Wells Fargo Advantage Government Mmkl
No limit
Oct) N/A
Ongoing
0.000%
000
2008B Interest Account
Wells Fargo Advantage Government Mmkt
No limit
0.00 N/A
Ongoing
0.000%
0.00
200BB Reserve Fund
Reliance Trust Co. Savings and Cert. of Deposit
No limit
532,294.46 >$100.000 collalenzed by 110% in govn't securities
11/21/13
4.000%
532,29446
Reliance Trust Co. Cash Equivalent Mmkt
No limit
619,525.84 NIA
Ongoing
0.010%
619,525.84
20086 Low d Moderate Income Housing Fund
Reliance Trust Co. Cash Equivalent Mmkt
No limit
0.00 >$1 DO,000 collaterized by 110% in govn 1 securities
Ongoing
0.000%
000
Wells Fargo Advantage Government Mmkt
No limit
0.00 N/A
Ongoing
D,000%
0.00
20088 Merged Project Tax Allocation Bonds Subtotal:
$ 1,151,820.30
$
1.151.82030
Interest Collections:
S2.B5
SUBTOTAL CASH AND INVESTMENTS
HELD BY FISCAL AGENT:
$ 4,171,724.35
$
4,171,724.35
Total -Azusa Redevelopment Agency
Cash and Investments:
It 4,284,494.97
$
4,284,494.97
Total Interest Collections:
$3.49
Source of Market Value Information:
Wells Fargo Corporate Trust, Trustee
Local Agency Investment Fund (LAIF)
Wells Fargo Institutional Securities
Tax Allocation Bond Data Is based on Trustee -generated
Statements; bond
funds listed
herein are restricted for payment of debt service and eligible projects and governed by
strict regulations described in the Trust Indentures.
-Market Value is the current price at which a security can be traded or sold
SUCCESSOR AGENCY OF THE FORMER REDEVELOPMENT AGENCY
OF THE CITY AZUSA
AGENCY TREASURER'S STATEMENT OF CASH
AND INVESTMENT COST BALANCES
FEBRUARY 2012
Beginning Cash Balance
(All Restricted and Unrestricted Accounts & Investments)
Receipts (All Sources)
Disbursements
Ending Cash Balance
(All Restricted and Unrestricted Accounts & Investments)
$4,169,738.22
114,756.75
W8
$4,284,494.97
t
SUCCESSOR AGENCY OF THE FORMER REDEVELOPMENT AGENCY OF THE -CITY AZUSA
TREASURER -HELD ACCOUNTS
FEBRUARY 2012
BAL @ 2/1/12
RECEIPTS
WELLS FARGO
GOVT CHKG SECURITIES LAIF TOTAL
m
0.00 0.00
DEPOSITS 112, 770.62 112, 770.62
INTEREST 0.00
TREASURER'S ADJUSTMENTS 0.00
TREASURER'S ADJUSTMENTS 0.00
TOTAL RECEIPTS 112,770.62 0.00 0.00 112,770.62
DISBURSEMENTS
CASH DISBURSEMENTS 0.00
REIMBURSE CITY 0.00
OTHER DISBURSEMENTS 0.00
TOTAL DISBURSEMENTS 0.00 0.00 0.00 0.00
OPER INCREASE/(DECREASE) 112,770.62 0.00 0.00 112,770.62
TRANSFERS:
CHECKING TRANSFERS
SAVINGS TRANSFERS
LAIF TRANSFERS
SECURITIES
LA COUNTY TRANSFERS
REHAB CKG TRANSFERS
TOTALTRANSFERS
BAL @ 2/29/12
0.00 0.00 0.00 0.00
112,770.62 0.00 0.00 112,770.62
WARRANT REGISTER NO.
WARRANTS DATED 2/16/12 THROUGH 2/29/12
FOR REDEVELOPMENT AGENCY MEETING OF 4/02/12
RESOLUTION NO.
•
FIS EAR 11-12 lk
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE
CITY OF AZUSA ALLOWING CERTAIN CLAIMS AND DEMANDS
TO BE PAID OUT OF REDEVELOPMENT AGENCY FUNDS
THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA DOES RESOLVE AS
FOLLOWS:
SECTION 1. That the following claims and demands have been audited as required by law and that
the same are hereby allowed in the amounts and ordered paid out of the Redevelopment Agency Funds as
hereinafter set forth:
80-1 10 -REDEVELOPMENT ADMINISTRATION FUND
80 -125 -CBD CAPITAL PROJECTS FUND
80 -135 -WED CAPITAL PROJECTS FUND
80 -185 -RANCH CAPITAL PROJECTS FUND
80-165-624-2008A TAX ALLOCATION BONDS
81 -155 -TAX INCREMENT SET-ASIDE FUND
81 -165 -LM MRG TAB08B HS
82 -125 -CBD DEBT SERVICE FUND
82 -135 -WED DEBT SERVICE FUND
82 -165 -MERGED PROJECT TAX ALLOCATION BONDS
82 -185 -RANCH CENTER DEBT SERVICE FUND
TOTAL ALL FUNDS:
S 5,337.93
2.180.64
50.000.00
S 57518.5
SECTION 2. That the Secretary shall certify to the adoption of this resolution and shall deliver a
certified copy thereof to the Agency Treasurer and shall retain a certified copy thereof in his own records.
ADOPTED AND APPROVED THIS DAY OF
Chairman
12.
I HEREBY CERTIFY that the foregoing resolution was duly adopted by the Redevelopment Agency of the
City of Azusa at a regular meeting there of, held on the day of 2012.
AYES: AGENCY MEMBERS:
NOES: AGENCY MEMBERS:
ABSTAIN: AGENCY MEMBERS:
ABSENT: AGENCY MEMBERS:
Secretary
City of Azusa HP 9000 03/27/12 O P E N H 0 L D
WR 27, 2012, 10:54 AM ---req: RUBY -------leg: GL JL --- lcc:
D B LISTING �/ ty Paqe
BI-TE]`fi--- job: 878735 W8307 --p9 Ci400 <1.344> rpt id: CA-MTR02
SECiJ✓L RM
Oxus: 80-88 ; Check Issue Dates: 021612-022912
PE ID
PE Nor e A JJ VF NUvIM / JCS N v2ER
Invoice_ Mxrber
Eescxipticn St Disc. Part.
Dist. Ant.
V05613
A T & T 8010110000-6915
6263345464012412
626-3345464 PD 0.00
9.47
PEID Ldai.d:
0.00
Paid:
Tbtal:
9.47
9.47
V11440
P.UJARTME G UP, 8000000000-2724
69357
FLEX PROC FEN/JA FD 0.00
3.30
PEID . :
0.00
Paid:
3.30
Total:
3.30
V00353
CAL,PERS 8000000000-3010
022812
CALPEZS 457 PR#k0 PD 0.00
154.08
PEID Ujpaid:
0.00
Paid:
154.08
Total:
154.08
V11556
DELTA DEIVM OF 8000000000-3052
EE000267997
PFO FRaV0505851 PD 0.00
189.22
PEID d:
0.00
Paid:
189.22
'Ibtal:
189.22
V11555
DELUN= LFA 8000000000-3052
4525517
H"D FPaV331624/ FD 0.00
2.37
PEIDL� d:
0.00
Paid:
2.37
Total:
2.37
V07650
E & L LPIESOFc 8010125000-6815
0031770
003-1770 invoice PD 0..00
1,350.00
PEIDd:
0.00
Paid:
1,350.00
Total:
1,350.00
V01646
V01646
HELL aTM & = 8010110000-6493
HDL Q7REN & CCNE 8010110000-6493
00188651N
0017552IN
FY 2011/2012 PfU PD 0:001,202.40
FY 2011/2012 PRO PD .0.00.
2,700.00
PEID
d:
Total:
3,902.40
3,902.40
119
4
City of Azusa HP 9000 03/27/12 O P E N H O L D
TM IPPR 27, 2012, 10:54 PM --- RUBY ------- le_g: Cd, JL---loc:
D B LISTING By F�Entity Narce
BI-TECI3---jc�b: 878735 ##J8307---p9m: 00 <1.34> rpt
Pace 2
id: CHFLTR02
SEC T FU\ID
GDJes: 80-88 ; Check Issue Dates: 021612-022912
PE ID
PE Nerre AiZS.UVP NUJMZ / JOB NUvEEft
Invoice NLuber
De=pticn St Disc. Ant.
Dist. Ant.
V05574
IRCN MallIPM RE 8010110000-6493
EL]D2053a]D2060
=053-x=060 PD 0.00
144.07
PEID Chadd:
0.00
Paid:
Total:
144.07
144.07
V10322
M & T BPW 8000000000-3010
021412
IQvA 457 DEFFRRE FD 0.00
539.80
PEID L1-�� d:
Paid:
0.00
539.80
Total:
539.80
V13681
MERCY Ha lSI CA 8110155000-7099
022312
DEVELOPER EXP/AT PD 0.00
50,000.00
PEID iJt-md:
0.00
Paid:
Tbtal:
50,000.00
50,000.00
V06572
M=UAL AL OU\= 8010125000-6815
3361280
SERVICE858N AaJS PD 0.00
830.64
PEID T.Trmd:
0.00
Paid:
830.64
Total:
830.64
V00540
V00540
V00540
OFFICE EEFOI' INC 8010110000-6530
OFFICE DEEUP IkE 8010110000-6530
OFFICE CEFOT INC 8010110000-6530
595648723001
595648723001
595648723001
470187 AVERY IND FD 0.00
470187 AVERY IND PD 0.00
768215 SvEAAD PRE PD 0.00
11.92
11.92
35.04
PEID ih-uzsid:
0.00
Paid:
Total:
58.88
58.88
• V08056
V08056
S1 INSURPN 8000000000-3044
SUU\UM INSURAN 8000000000-2725
012112
012112L
DISAB FRE FV 0 PD 0.00
LIFE FREWFEB201 PD 0.00
232.63
82.15
PEID Cyd:
0.00
Paid:
Total:
314.78
314.78
V00388
VERIZCN 8010110000-6915
6261975078012812
626-1975078 PD 0.00
19.56
wof Azusa HP 9000 03/27/12 O P E N H 0 L D D B LISTING By/Ehtity Narre Faqe 3
WR 27, 2012, 10:54 PM ---req: RUBY ------- leq: CL JL --- lcc: BI -TECH --- job: 878735 #J8307---xgn CH400 <1.34> mt id: OFTEIR02
SE= FUID Ccdes: 80-88 ; Check Issue Dates: 021612-022912
PE ID PE Nave AC= NUMBER / JOB NUMBER Invoice Niter Description St Disc. Pmt. Dist. Amt.
PESd: 0.00
d: 19.56
Tbtal: 19.56
GRAND TOTALt� d: 0.00
Paid: 57,518.57
Total: 57,518.57
`:A