HomeMy WebLinkAboutAgenda Packet - February 27, 2012 - Spec/Adj oF
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NOTICE AND CALL OF A SPECIAL/ADJOURNED MEETING
OF THE CITY COUNCIL OF THE CITY OF AZUSA, AND
THE SUCCESSOR AGENCY OF THE CITY OF AZUSA
TO THE MEMBERS OF THE CITY COUNCIL OF THE CITY OF AZUSA:
NOTICE IS HEREBY GIVEN that a Special/Adjourned Meeting of the City Council of the City of Azusa is hereby
called to be held MONDAY, FEBRUARY 27, 2012 immediately following the Utility Board Meeting which begins at
6:30 p.m. at the Azusa Light and Water Conference Room located at 729 N. Azusa Avenue, Azusa, California.
Said Special/Adjourned Meeting shall be for discussing, hearing and taking action on the items listed below:
AGENDA
A. PRELIMINARY BUSINESS
• Call to Order
• Roll Call
B. PUBLIC COMMENT—Limited to items listed on this Special/Adjourned Meeting Notice.
C. CITY AGENDA ITEM
1. PART-TIME/POST RETIREMENT EMPLOYMENT AGREEMENT FOR SPECIAL SERVICES TO
PREPARE 2012/2013 FY BUDGET.
RECOMMENDED ACTION:
Approve the Part-Time Post Retirement Employment Agreement
D. AGENDA ITEM SUCCESSOR AGENCY
1. AMENDED ENFORCEABLE OBLIGATION PAYMENT SCHEDULE AND AMENDED RECOGNIZED
OBLIGATION PAYMENT SCHEDULE.
RECOMMENDED ACTION:
Waive further reading and adopt Resolution No. 12-R8, approving and adopting an amended "Enforceable
Obligation Payment Schedule" and waive further reading and adopt Resolution No. 12-R9, approving and adopting
an amended "Recognized Obligation Payment Schedule"pursuant to AB 1X 26.
E. ADJOURNMENT
1. Adjourn
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 weeded will
assist staff in assuring that reasonable arrangements can be made to provide access to the meeting.
2
COMMENTS RELATIVE TO THE PROPOSED
PART-TIME/POST RETIREMENT EMPLOYMENT AGREEMENT FOR SPECIAL
SERVICES TO PREPARE 2012/2013 BUDGET
I was pleased at last Tuesday's City Council meeting that four of the five Azusa Council
Members were not in support of issuing a Contract to Urban Futures, Inc. in order to hire back
Mr. Alan Kreimeier at a rate of$140.00 per hour. I was pleased that it was denied because the
price was outrageous. I was pleased that it was denied because the contract was improperly
procured. I was pleased that it wasn't approved because the contract had a "minimum" 20 hour
work week but no maximum; it was in my opinion an open ended contract.
Last Tuesday, when the contract was denied, Staff and the City Attorney said that due recent
State Law changes it was very difficult to hire back Mr. Kreimeier directly as it was done with
Mr. Delach and Mr. Garcia last year. Assembly Bill 1028, which took effect on January 1, 2012,
amended certain provisions of the Public Employees' Retirement Law("PERL") pertaining to the
limits on post-retirement employment.
Just recently, the California Public Employees' Retirement System ("Ca1PERS") issued Circular
Letter No. 200-002-12 clarifying the importance of AB 1028 on Ca1PERS employers and
retirees. The Circular Letter indicates that AB 1028 amended sections 21224 and 21229 of the
Government Code "to include the word `temporary' to clarify that these sections apply to retirees
employed as temporary `extra help' appointments —during an emergency to prevent stoppage of
business or to perform work of limited duration..." The examples Ca1PERS gives for "extra
help" appointments are "elimination of backlog, special projects, work in excess of what
permanent employees can do, etc."
However, and most importantly, Ca1PERS stresses that "Retires should not be appointed to
vacant permanent part-time, permanent intermittent, or permanent full-time positions,
even if the hours worked will not exceed 960 hours per fiscal year..." If agencies are
employing Ca1PERS retirees in these vacant permanent positions, even if keeping hours worked
below 960 in a fiscal year, the retirees "will be subject to mandatory reinstatement from
retirement."
Based on the above Ca1PERS requirement, I am of the opinion that Mr. Kreimeier can't be hired
back after his April 2, 2012 retirement without reinstatement from retirement. It is also my
opinion that the preparation of the 2012-2013 budget is not sufficient justification for his re-hire.
Current staff, under the Controller, should be able to develop and prepare next year's budget.
After all, the Controller has been working under Mr. Kreimeier's direct supervision for at least
the past three years or budget cycles.
I hope Item Cl is denied!
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AZUSAi
AGENDA ITEM
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: JAMES W. MAKSHANO , CITY MANAGER
DATE: FEBRUARY 27, 2012
SUBJECT: PART-TIME/POST RETIREMENT EMPLOYMENT AGREEMENT FOR
SPECIAL SERVICES TO PREPARE 2012/2013 FY BUDGET
RECOMMENDATION:
That the City Council approve the Part-Time Post Retirement Employment Agreement.
BACKGROUND:
CFO Alan Kreimeier informed City Manager Makshanoff that he submitted his retirement papers
to Ca1PERS for a final retirement date of April 2, 2012.
Staff is requesting that the City Council approve a part-time employment contract with Mr.
Kreimeier to assist in the preparation of the fiscal year 2012/3 budget. Such an arrangement
would be for an average of 25 hours per week at Mr. Kreimeier's current hourly rate of$83.04
through June 30th, 2012. Acceptance of the part-time arrangement would result in a savings of
approximately $31,000 through the end of fiscal year 2011/12.
Should the City Council desire to retain Mr. Kreimeier, in accordance with Government Code
section 22122, which reads in part as follows:
"A retired person may serve without reinstatement from retirement or loss or interruption of
benefits provided by this system, as follows:
(h) Upon appointment by the governing body of a contracting agency to a position deemed by
the governing body to be of a limited duration and requiring specialized skills ...These
appointments, in addition to any made pursuant to Section 21224, shall not exceed a total for all
employers of 960 hours in any fiscal year."
Mr. Kreimeier will not receive any benefits or allowances under this contract. He will only
receive monetary compensation.
FISCAL IMPACT:
The employment agreement provides for an hourly rate of compensation and pursuant to
Ca1PERS regulations the part-time employment shall not exceed 960 hours. Thus, the agreement
represents a significant savings to the City as it does not provide for fringe benefits or retirement
contribution costs. It is estimated that the savings of this option will be up to $31,000 for the rest
of the fiscal year.
Attachment:
Part-time/Post Retirement Employment Agreement
CITY OF AZUSA
PART-TIME/POST RETIREMENT
EMPLOYMENT AGREEMENT
This AGREEMENT (hereinafter referred to as "Agreement") for part-time
employment is made and entered into between Alan Kreimeier (hereinafter referred to as
"Employee") and the CITY OF AZUSA, a municipal corporation organized under the laws of
the State of California (hereinafter referred to as "City"), in order to provide, in writing, the
terms and conditions of part-time employment with the City. City and Employee are sometimes
individually referred to herein as "Party" and collectively as "Parties."
WHEREAS, Government Code sections 21221 and 21224 provide that a public
agency contracting with the California Public Employees Retirement System (Ca1PERS) may
appoint a retired employee under Ca1PERS to a position deemed by the governing body to be of
limited duration and requiring specialized skills, subject to certain limitations and restrictions on
the pay rate and the hours of employment for such appointee;
WHEREAS, Employee has, in accordance with the terms of his existing
employment agreement, notified City that April 2, 2012 will be his last day of employment with,
which agreement will automatically expire as of the same date;
WHEREAS, effective April 3, 2012, Employee will be deemed a retired
employee under Ca1PERS and no longer an employee of City; and
WHEREAS, the City Council has determined in accordance with Government
Code sections 21221 and 21224 that Employee possess specialized skills that are needed by City
for a limited duration to complete the Fiscal Year 2012/13 City of Azusa Budget.
NOW, THEREFORE,the Parties hereto agree as follows:
1. Part-time Employment.
City agrees to hire Employee on a part-time basis commencing on April 3,
2012 and terminating on June 30, 2012,unless extended in writing based on City Council
approval in accordance with Ca1PERS regulations. Employee agrees and does accept
employment upon the terms and conditions set forth herein.
2. Duties and Obligations of Employee.
At the direction of the City Council Employee agrees to assist the City in
the preparation and production of the annual budget for Fiscal Year 2012/13, employee agrees to
perform such duties to the best of his ability in an efficient and competent manner. In addition,
Employee agrees that he will not engage in any activity that may be competitive with City's
business or pose a conflict of interest with that business and that he will not misuse, nor
improperly disclose, any confidential or other proprietary information of City.
45635 0000A\6041989 I
3. Compensation; Benefits.
Employee's compensation shall be at the hourly rate paid to Employee as
of April 2, 2012 which is eighty-three dollars and four cents ($83.04). Said rate shall be payable
at the same time and in the same manner as other employees of City are paid. Employee shall
not receive any other benefits or allowances.
4. Work Schedule.
Employee shall work a part-time schedule subject to the limitations
required under Government Code sections 21221 and 21224.
5. Termination of Agreement.
The Parties hereby expressly agree that the employment relationship
created by this Agreement is "at will" and either City or Employee may terminate the
relationship for any reason, with or without cause, without prior written notice. In addition and
notwithstanding any other provision of this Agreement or any ordinance, resolution or policy of
City, Employee hereby acknowledges and agrees that Employee shall not be entitled to any
hearing or due process rights in connection with any disciplinary or termination action
undertaken against Employee by City, and that this Agreement sets forth the only terms and
conditions applicable to the termination of Employee's employment.
6. Modification.
Any modification of this Agreement will be effective only if it is in
writing and signed by both Parties.
7. Entire Agreement.
This Agreement supersedes any and all other agreements, either oral or in
writing, between City and Employee. This Agreement contains all of the covenants and
agreements between the Parties with respect to Employee's employment by City in any manner
whatsoever. Each Party to this Agreement acknowledges that no representations, inducements,
promises, or agreements, oral or otherwise, have been made by any Party, or anyone acting on
behalf of any Party, which are not embodied herein, and that no other agreement, statement or
promise not contained in this Agreement shall be valid or binding on either Party.
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45635 0000A\6041989 1
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45635.0000A\6041989.1
8. Law Governing Agreement.
This Agreement shall be governed by and construed in accordance with
the laws of the State of California. Venue shall be in Los Angeles County, California.
9. Notices.
A. Any notice to be given hereunder by either Party to the other shall
be in writing and may be transmitted by personal delivery or mail, registered or certified, postage
prepaid, with return receipt requested. Mailed notices shall be addressed to the following
respective addresses:
City of Azusa
Attn: City Manager
213 E. Foothill Blvd.
Azusa, CA 91702
B. Notices delivered personally shall be deemed communicated as of
the date of actual receipt. Mailed notices shall be deemed communicated as of the date of
mailing, plus two (2) days.
10. Assistance of Counsel.
Each Party to this Agreement warrants to the other Party that it has either
had the assistance of counsel in negotiation for, and preparation of, this Agreement or could have
had such assistance and voluntarily declined to obtain it.
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the
day of
CITY OF AZUSA
By:
Mayor
EMPLOYEE
By:
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45635.0000A\6041989 1
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45635.0000A\6041989.1
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SUCCESSOR AGENCY AGENDA ITEM
TO: HONORABLE CHAIRPERSON AND MEMBERS OF THE AGENCY BOARD
FROM: KURT E. CHRISTIANSEN, ECONOMIC AND COMMUNITY
DEVELOPMENT DIRECTOR
VIA: JAMES W. MAKSHANOF , CITY MANAGER
DATE: FEBRUARY 27, 2012
SUBJECT: AMENDED ENFORCEABLE OBLIGATION PAYMENT SCHEDULE AND
AMENDED RECOGNIZED OBLIGATION PAYMENT SCHEDULE
RECOMMENDATION
That the Successor Agency Board adopt the attached Resolutions, approving and adopting an
amended "Enforceable Obligation Payment Schedule" and amended "Recognized Obligation
Payment Schedule"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("EOPS"),Resolution No. 12-R4,
dated January 23, 2012 and is operative only through June 30, 2012.
On September 19, 2011, the former Redevelopment Agency of the City of Azusa adopted the
preliminary draft of the initial "Recognized Obligation Payment Schedule" ("ROPS"), Resolution
No. 11-R38, dated September 19, 2011 and is operative only through June 30, 2012.
The previously adopted EOPS and ROPS need to be amended to be operative at least through July 31,
2012 and to reflect the obligations more accurately so that the Agency may continue to meet the
Agency's enforceable obligations, all as required by Health and Safety Code section 34169.
DISCUSSION
The Agency is required to adopt an EOPS setting forth the nature and amount of all existing Agency
enforceable obligations (as defined in the law). The "enforceable 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.
A successor document to the EOPS,the ROPS,is required to set forth the enforceable obligations of
the Agency. ROPS reflects a 6-month interval of obligations and includes the anticipated source of
funding.
The attached Agency Resolution adopts an amended EOPS and ROPS, setting forth the enforceable
obligations of the Agency and the amount of payments to be made for each such obligation through
July, 2012..
The amended EOPS and 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 are included as Exhibit A and B, respectively, in the attached
Resolutions.
FISCAL IMPACT
No Agency funds are involved with the adoption of the amended EOPS and ROPS. The amended
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
Resolution—Successor Agency of the former Redevelopment Agency of the City of Azusa Adopting an
Amended Recognized Obligation Payment Schedule
Exhibit A—EOPS
Exhibit B-ROPS
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
• 4
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-R4, dated January 23, 2012, and is operative only through June 30, 2012, the
previously adopted EOPS needs to be amended to be operative at least through July 31, 2012, 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. CEQA 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 January 1, 2012 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. Posting; 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 February, 2012, by the following vote:
AYES:
NAYS:
ABSENT:
ABSTAIN:
Chair
ATTEST:
Secretary
EXHIBIT A
AMENDED ENFORCEABLE OBLIGATION PAYMENT SCHEDULE
[Attached behind this page]
4
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
Name of Redevelopment Agency. City of Azusa Redevelopment Agency Page 1 of 2
Project Areas) Merged Central Business District 8 West End Project Area
REVISED 02/22/12
REVISED ENFORCEABLE OBLIGATION PAYMENT SCHEDULE
Per AB 26-Section 34167 and 34169(1)
Total Outstanding Total Due During Payments by month(3)
Project Name/Debt Obligation Payee Description Debt or Obligation, Penod Aug 2011(2) Sept Oct Nov Dec Jan 2012 Feb Mar Apr May Jun Jul Total
1 Tax Allocation Bonds Bond Holders 2008 Series A Merged T.A.Bonds $ 14,705,231 $ 906,682 $ 328,694_Advanced by City $ 246,494 Advanced by City $ 331,494 $ 906,682
2 Tax Allocation Bonds Bond Holders 2003 Merged T.A.Refunding Bonds 11.855,163 1,475,870 648,690 Advanced by City $ 166,090 Advanced by City 661,090 $ 1.475,870
3 Tax Allocation Bonds Bond Holders 2005 Merged T.A.Bonds 18.755,912 524,139 174,713 Advanced by City $ 174,713 Advanced by City 174,713 $ 524,139
4 City Advance City of Azusa Advance/577-645 Foothill/Krems Site 1.756,145 157,956 13,163 $ 13,163 $ 13,163 0 13,163 $ 13,163 $ 13.163 $ 13,163 $ 13,163 $ 13.163 $ 13.163 $ 13,163 13.163 $ 157,956
5 City Advance City of Azusa City Adv./Autodealership 9,088.334 249,684 20.807 $ 20.807 $ 20.807 $ 20,807 $ 20,807 $ 20,807 $ 20.807 $ 20,807 $ 20,807 $ 20.807_$ 20,807 20.807 $ 249,684
6 City Advance City of Azusa City Adv./619-621 N.Azusa(Talley Bldg) 262,380 7,490 $ 3,745 $ 3,745 0 $ 7,490
7 Reimb Agreement Azusa Public Financing Authority Reimb Agrmt/2003 Refunding COP's 4,437,007 659,699 293,849 $ 2,000 $ 61,925 301,925 $ 659,699
8 Housing Bonds Bond Holders 2008 Series B Housing T.A.Bonds 25,499.067 1,384,031 503,323 Advanced by City $ 375.354 Advanced by City 505,354 $ 1.384,031
9 Tax Allocation Bonds Bond Holders 2007 Series A Tax Allocation Bonds 28,363,766 2,141,887 851,841_Advanced by City _ $ 430.023 Advanced by City 860,023 $ 2,141,887
10 Tax Allocation Bonds Bond Holders 2007 Series B Tax Allocation Bonds 8,590,056_ 529.645 206,201 Advanced by Cit $ 114,222 Advanced by City 209.222 $ 529,645
11 LMI Advance RDA Low Mod Fund Low/Mod Adv./Block 36 Mixed Use 1.618.635 0 L 0 $ -
12 City Advance City L&W Fund City Adv./$450k/Azusa 8 1st Reader Brd 499,425 99,885 $ 49.943 ,$ 49.942 0 $ 99,885
13 Contract Purchase Order Fairytale Carriages Winter Holiday Fiesta 1.000 1.000 0 1,000 0 $ 1,000
14 Employee Costs Employees of Agency Payroll for employees 392,970 392,970 65.495 $ 65,495 $ 65.495 $ 65.495 $ 65.495 $ 65.495 0 $ 392.970
15 Arbitrage Compliance Arbitrage Compliance Specialists Arbitrage calculation for Bonds 6,100 6.100 $ 3.325 $ 2,000 $ 775 0 $ 6,100
16 Price/Costco Note HDL Coren 8 Cone Sales tax consulting 8 calculations 21.000 22,200 0 $ 3.900 $ 305 $ - $ 2.100 $ 2,100 $ 2.600 $ 2,500 $ 2.500 $ 2,500 $ 2.495 1.200 $ 22,200
17 Property Tax Consulting HDL Coren 8 Cone Tax Increment and Pass through calculations 2,700 2.700 0 $ - $ - $ - $ 1,220 $ - $ - $ - $ - $ 1.480 $ - 0 $ 2.700
Totals-This Page $ 125,854,891 $ 8,561,938 $ 3,106,776 0 106690 $ 100,770 $ 99,465 $ 158,473 $ 1,672,386 0 36.570 $ 37,245 $ 36.4701$ 37.950 $ 90,152 $ 3,078.991 $ 8.561.938
Totals-Page 2 $ 38.691.471 $ 3,248,623 $ 147.417 $ 463.368 $ 238.183 $ 147,097 $ 253.692 $ 215,644 $ 168.292 $ 236,313 $ 198.843 $ 181,681 $ 876.733 $ 119.340 $ 3,248.623
Totals-Other Obligations $ 80,631.593 $ 2.740,036 $ - $ - $ - ($ - $ 1,370,018_$ - $ - $ - i$ - $ 1.370.018 $ - $ - $ 2,740.036
Grand total-All Pages 45.177.
$ 2955 $ 14.550.597'$ 3,254.193 $ 570,078 1$ 338.953 1$ 246.562 j$ 1.782.183 11 0 1.888,030 1$ 204.862 $ 273,558 $ 235,313 I$ 1.589.649 I$ 968.885 J1$ 3.198.331 I 0 14.550.597
Name of Redevelopment Agency: City of Azusa Redevelopment Agency Page 2 of 2
Project Area(s) Merged Central Business District & West End Project Area
REVISED 02/22/12
REVISED ENFORCEABLE OBLIGATION PAYMENT SCHEDULE
Per AB 26 - Section 34167 and 34169 (1)
Total Outstanding Total Due During Payments by month (3)
Project Name / Debt Obligation Payee Description Debt or Obli.ation Period Aug 2011 (2) Sept Oct Nov Dec Jan 2012 Feb Mar Apr May Jun Jul Total
18 Consulting Services Lance Soli & Lunghard Audit Services $ 21,500 $ 21.500 $ 10.500 $ 5,500 $ 5,500 $ - $ 21.500
19 Bambinos FFE Bambino's Pizza Furniture Fixtures & Equipment Loan $ 35,000 $ 16,442 16,442 0 $ 16,442
20 ENA A.rmt Dtnwn North A2/A3 Lewis Retail Centers Potential Li.uidated Dama.es $ 18.558 $ 18,558 0 18.558 0 $ 18.558
21 Redev Consulting Services Urban Futures Project Administration $ 325.000 $ 145,415 27,083 27,083 27,083 27.083 27,083 10.000 0 $ 145.415
22 Appraisal Services RP Laurain Prop Appraisal 975 W. Foothill (D-Club) $ 2,200 $ 2,200 2,200 0 $ 2,200
23 Appraisal Services RP Laurain Prop Appraisal San Gabriel Ave (Blk 37) $ 7,000 $ 7,000 7.000 0 $ 7,000
24 Oper Convenant Agrmt APPLE SOCAL LLC Applebee's Operating Covenant Payment $ 200,000 $ 200,000 200.000 0 $ 200.000
25 Enviornmental Services LSA Atlantis Garden CEQA Study $ 37,800 $ 11,309 11,309 0 $ 11.309
26 IConsutling Services Impact Sciences Atlantis Garden Specific Plan $ 14,850 $ 12,790 12.790 0 $ 12.790
27 ENA (Atlantis Garden) Mercy Housing Potential Liquidated Damages $ 50,000 $ 50,000 50.000 0 $ 50.000
28 ENA (Enterprise) Kal Pacific & Associates Hotel Appraisal $ 15,000 $ 15.000 15.000 0 $ 15,000
29 DDA (9th/Alameda) Hsng Proj City Ventures LLC Potential Liquidated Damages $ 25,000 $ 25,000 25,000 0 $ 25,000
30 DDA (Azusa/Arrow Hwy) The Charvat Family LLC Potential Liquidated Damages $ 50,000 $ 50.000 50.000 0 $ 50.000
31 Consulting Services Overland Pacific & Cutler, Inc. Atlantis Garden Replace Hsng Plan $ 3,553 $ 3,553 3.553 0 $ 3.553
32 Contract Purchase Order E & L Services Repair of Agency Property $ 20,040 $ 20.040 1.670 1.670 1.670 1.670 1.670 1.670 1.670 1,670 1.670 1.670 1.670 1,670 $ 20.040
33 Contract Purchase Order Miss Azusa Scholarship Program Miss Azusa & Miss Outstanding Teen Azusa $ 15.000 $ 15.000 15.000 0 $ 15.000
34 Legal Services Best Best & Krieger +Redevelopment Legal Counsel $ 400.000 $ 400.000 33.333 33.333 33.333 33.333 33.333 33.333 33,333 33,333 33.333 33,333 33.337 33.333 $ 400.000
35 Agency Operations Verizon Reader Board Monthly Utility Bill $ 1.500 $ 1,500 125 125 125 125 125 125 125 125 125 125 125 125 $ 1.500
36 Agency Operations Verizon Cell Phone for Redev. Proj. Mgr. $ 600 $ 600 100 100 100 100 100 100 _ 0 $ 600
37 Agency Operations Iron Mountain Monthly Records Storage $ 1.450 $ 1,450 0 145 145 145 145 145 145 145 145 145 145 0 $ 1,450
38 Agency Operations National Construction Rentals. Inc. Security Fence (716-718 N. Dalton Av) $ 3,144 $ 3.144 262 262 262 262 262 262 262 262 262 262 262 262 $ 3.144
39 Agency Operations AT&T Fax Machine $ 120 $ 60 10 10 10 10 10 10 0 $ 60
40 Agency Operations National Construction Rentals, Inc. Security Fence (Choi Property) $ 1,000 $ 1.000 _ 500 500 0 $ 1,000
41 Agency Operations Azusa Light & Water Utility costs $ 7,900 $ 7,238 658 658 658 658 658 658 658 658 658 658 658 0 $ 7,238
42 Agency Operations Fed Ex Package Delivery0
-• 9 $ 200 $ 200 50 50 50 50 $ 200 43 DDA (Azusa/Arrow Hwy) AAJ Demolition of 17511 E. Arrow Hwy $ 27,800 $ 27.800 27,800 0 $ 27,800
44 Agency Operations Office Depot Office supplies $ 400 $ 400 0 100 100 100 100 0 $ 400
45 Advertising San Gabriel Valley Tribune Advertising and Public Notices $ 12,000 $ 12,000 3.000 3,000 3.000 4 3,000 0 $ 12.000
46 Travel and Meeting Expenses US Bank Travel and Meeting Expenses $ 3,000 $ 3,000 1.000 2.000 0 $ 3.000
47 Bond Administration Wells Fargo Bank Trustee Administration Charges $ 14,000 $ 18,000 4,000 2,500 _ 5,000 2,500 4,000 $ 18.000
48 Continuing Disclosures Urban Futures Continuing Disclosures $ 9.250 $ 9,250 9.250 0 $ 9.250
49 Bond Administration Bank of New York Mellcn Trustee Administration Charges $ 1,550 $ 1,550 1.550 _ 0 $ 1.550
50 Administrative Fees City of Azusa Successor Agency Administrative Fees $ 104.167 $ 104.167 104.167 0 $ 104.167
51 Insurance Fees/Premiums ICRMA Insurance-Liability Coverage $ 20,000 $ 20.000 10,000 10.000 0 $ 20,000
52 Property Taxes-Hamza Los Angeles County Tax Collector Property Taxes - Former Tenant $ 447 $ 447 137 155 155 0 $ 447
53 Price Company Developer Agreement Price Family Sales Tax Allocation Note $ 12,102.588 $ 745.100 74.100 71.730 70.600 154.470 120.600 179.500 74 100 $ 745.100
54 Sales Tax Allocation Note City of Azusa Sales Tax Allocation Note $ 2,013.000 $ 671.000 106,450 106.000 146.840 79,400 99.100 100,450 32.760 $ 671.000
55 Note Payable-Price City of Azusa Sales Tax Due City $ 22.413.744 $ - 0 $
56 SERAF-FY 2010-11 Loan City of Azusa-L&W FY 2010-11 SERAF Payment to State $ 536,010 $ 536.010 2.523 2.535 2.548 2.561 2.574 2.586 2,599 2.612 2.625 2,638 510,209 0 $ 536,010
57 Unemployment Benefits EDD Unempl. benefit costs to former RDA employees $ 140.400 $ 34.200 5.400 5.400 5,400 6,750 5.400 5,850 S 34,200
58 Termination Costs Former Employees Termination costs to former RDA employees $ 36,700 $ 36.700 36.700 0 $ 36.700
Totals - This Page $ 38.691,471 $ 3,248,623 $ 147.417 $ 463.388 _ $ 238,183 $ 147,097 , $ 253,692 $ 215,644 , $ 168,292 $ 236,313 $ 198,843 $ 181,681 $ 878.733 4 $ 119,340 , $ 3.248.623
(1) This Revised Enforceable Obligation Payment Schedule (EONS) amends the schedule adopted by the Azusa Redevelopment Agency on January 23, 2012. It is valid through 07/31/12.
(2) Includes only payments to be made after the adoption of the IEOPS.
(3) All payment amounts are estimates.
2
Name of Redevelopment Agency: Azusa Redevelopment Agency Page 1 of 1
Project Area(s) Merged Central Business District&West End Project Area
REVISED 02/22/12
OTHER OBLIGATION PAYMENT SCHEDULE
- Per AB 26-Section 34167 and 34169(1) 4
Total Outstanding Total Due During Payments by month(3)
Project Name/Debt Obligation Payee Description Debt or Obligation Period Aug 2011(2) Sept Oct Nov Dec Jan 2012 Feb Mar Apr May Jun Jul Total
1)Pass Through Est.County Pass-Through/Admin $ 69,395,083 $ 2.563,050 $ 1,281,525 $ 1,281,525 $ 2,563,050
2)Pass Through Est.Statutory Tax Sharing Pass-Through 11,236,510 176,986 88,493 88,493 $ 176.986
3)
$
4) $ -
5) $ -
6) $ -
-
7)
8) $ -
9) $ -
10)
11)
-
12)
-
13) , $ -
14)
$
15) • $ -
16)
$ -
17)
18)
19) _ -
$
20)
21) - $ -
22) _ - $ -
23) - $ -
24) - $ -
25) $ -
$ -
26)
$ -
27)
$ -
28)
$ -
'Totals-Other Obligations I$ 80,631,593 1$ 2,740,036 1$ - 1$ - I$ - 1$ - 1 s 1,370,0181$ - 1$ - I$ - I$ - I s 1,370,018 1 5 - 1$ - l s 2,740,036
(1) This Revised Enforceable Obligation Payment Schedule(EOPS)amends the schedule adopted by the Azusa Redevelopment Agency on January 23,2012.It is valid through 07/31/2012.It is the basis for the Draft Recognized Obligation Payment Schedule(ROPS).
(2)Include only payments to be made after the adoption of the EOPS.
(3)All payment amounts are estimates.
3
Name of Redevelopment Agency' Azusa Redevelopment Agency Page 1 of 1
Project Area(s) Ranch Center Project Area
REVISED 02/22/12
ENFORCEABLE OBLIGATION PAYMENT SCHEDULE
Per AB 26-Section 34167 and 34169(1)
Total Outstanding Total Due During _ Payments by month(3)
Project Name/Debt Obligation Payee Description Debt or Obligation Penod Aug 2011(2) Sept Oct Nov Dec Jan 2012 Feb Mar Apr May Jun Jul Total
1 Cit L&W Enter rise Loan Cit of Azusa L&W Fund 25-Year Secured Note-Revolvin• $ 2,128,868 $ 151,445 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 151,445 $ - $ 151.445
2 Cit Loan Cit of Azusa Unsecured Note-Due Cit 5,187.363 125,590 0 0 0 0 0 0 0 125.590 0 0 125.590
3 Sales Tax Reimbursement Cit of Azusa Sales Tax Due Cit 1,508,508 15.880 0 0 0 0 0 0 0 15.880 0 0 15,880
4 Cit L&W Enter•nse Loan Cit of Azusa L&W Fund Advance/Rehabilitation Improvements 1,902,066 77.715 0 0 0 0 0 0 0 77,715 0 0 77,715
5 SERAF-FY 2010-11 Loan Cit of Azusa FY 2010-11 SERAF Pa ment to State 8.927 8,927 42 43 43 43 43 44 44 44 44 8.537 0 0 8.927
6
8
9
--_-_--
10
12
13 -----
16
15
16
17
18
- �----
19
20
21
223
2 -----
24
25
27
26 ---
28
---_-
30
30 -_
----
(1) This Revised Enforceable Obligation Payment Schedule(FOPS)amends the schedule adopted by the $ 10.735,732 $ 379.557 $ 42 $ 43 $ 43 $ 43 $ 43 $ 44 $ 44 $ 44 $ 44 $ 379,167 $ $ $ 379,557
Totals-Other Obligations $ 4.309.747 $ 103.294 $ - $ - $ - ,..$
$ - $ 47.608 $ - $ - $ - $ - $ - 5 - $ - $ 103.294
Grand total-All Pages j$ 15.045.4791
T 482.851 i $ 42 EMIIILEINIMICE11 $ 4311E=EIMOI$ 44 11$ 44 1 $ 44 I$ 44 II$ 379,167 18 - 11111=1.15 482,851
(1) This Revised Enforceable Obligation Payment Schedule(EOPS)amends the schedule adopted by the Azusa Redevelopment Agency on January 23,2012.It is valid through 07/31/12.
(2)Include only payments to be made after the adoption of the EOPS.
(3)All payment amounts are estimates.
4
Name of Redevelopment Agenq Azusa Redevelopment Agency
Pagel oft
Project Area(s) Ranch Center Project Area
REVISED 02/22/12
OTHER OBLIGATION PAYMENT SCHEDULE
Per AB 26-Section 34167 and 34169(1)
Total Outstanding Total Due During _ Payments by month(3)
Project Name/Debt Obligation Payee Description Debt or Obligation. Period Aug 2011(2) Sept Oct Nov Dec Jan 2012 Mar Apr May _ Jun Jul Total
1)Pass Through Agreement Azusa Unified Pass Through $ 293.464 $ 12,197 $ - $ 4.897 $ - $ - $ 3,650 $ - $ - $ - $ - $ - $ 3.650 $ - $ 12.197
2),Pass Through Agreement Citrus College Pass Through 160,373 4,407 0 3,181 0 0 613 0 0 0 0 0 613 0 4,407
3)Pass Through Agreement LA County Admin Pass Through 3.855,910 86.690 0 0 0 0 43,345 0 0 0 0 0 43,345 0 86.690
4)
5) — _
6)
7)
8) .
9)
10)
11) '
12)
13)
14)
15)
16) _ _
17)
18)
19)
20)
21)
22)
23)
24)
25)
26)
27)
28)
'Totals-Other Obligations I$ 4,309,747 1$ 103,294 I$ - I$ - I$ - I$ - T$ 47,608 I$ - I$ - I$ - I$ - I$ - I$ 47,608 I$ - I$ 103.294
(1) This Revised Enforceable Obligation Payment Schedule(EOPS)amends the schedule adopted by the Azusa Redevelopment Agency on January 23,2012.It is valid through 07/31/12.
(2)Include only payments to be made after the adoption of the EOPS.
(3)All payment amounts are estimates.
5
RESOLUTION NO.
A RESOLUTION OF THE SUCCESSOR AGENCY OF THE
FORMER REDEVELOPMENT AGENCY OF THE CITY
OF AZUSA APPROVING AND ADOPTING THE
AMENDED DRAFT OF THE RECOGNIZED
OBLIGATION PAYMENT SCHEDULE PURSUANT TO
AB 1X 26
WHEREAS, Health and Safety Code Section 34169(h), enacted by AB 1X 26, requires
redevelopment agencies to prepare, by March 1, 2012, a preliminary draft of the initial
Recognized Obligation Payment Schedule ("ROPS").
WHEREAS,because the former Redevelopment Agency of the City of Azusa previously
adopted a draft of the initial "Recognized Obligation Payment Schedule" ("ROPS"), Resolution
No. 11-R38, dated September 19, 2011, is operative only through June 30, 2012, the previously
adopted ROPS needs to be amended to be operative at least through July 31, 2012, so that the
Agency may continue to meet the Agency's recognized obligations, and
NOW, THEREFORE, BE IT RESOLVED, determined and ordered by the
Redevelopment Agency of the City of Azusa as follows:
Section 1. Recitals. The Recitals set forth above are true and correct and
incorporated herein by reference.
Section 2. Approval of Amended ROPS. The Agency hereby approves and adopts
the amended draft of the initial ROPS, in substantially the form attached to this Resolution as
Exhibit B, so that the Agency may continue to meet its recognized obligations, all as required by
Health and Safety Code section 34169, during the time period from January 1, 2012 through July
31, 2012. The Agency reserves the right to further amend the ROPS in the future to make the
ROPS more accurate.
Section 3. Certification. The Agency Secretary shall certify to the adoption of this
Resolution.
Section 4. Effective Date. This Resolution shall become effective upon its adoption.
PASSED AND ADOPTED at a regular meeting of the Redevelopment Agency of the
City of Azusa on the day of February 2012 by the following vote:
AYES:
NAYS:
ABSENT:
ABSTAIN:
•
Chair
ATTEST:
Secretary
EXHIBIT B
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
45636.06001\6949659.2
Name of Redevelopment Agency: City of Azusa Redevelopment Agency Page 1 of 2
Project Area(s) Merged Central Business District&West End Project Area
REVISED 02122112
REVISED ENFORCEABLE OBLIGATION PAYMENT SCHEDULE
Per AB 26-Section 34167 and 34169(1) -
Total Outstanding Total Due During Payments by month(3)
Project Name/Debt Obligation Payee Description Debt or Obligation Period Aug 2011(2) Sept Oct Nov Dec Jan 2012 Feb Mar Apr May Jun Jul Total
1 Tax Allocation Bonds Bond Holders 2008 Series A Merged T.A.Bonds S 14,705,231 $ 906,682 S 328,694 Advanced by City $ 246.494 Advanced by City $ 331.494 $ 906,682
2 Tax Allocation Bonds Bond Holders 2003 Merged T.A.Refunding Bonds 11,855.163 1,475,870 648,690 Advanced by City $ 166,090 Advanced by City 661.090 $ 1479870
3 Tax Allocation Bonds Bond Holders 2005 Merged T.A.Bonds 18,755,912 524,139 174,713 Advanced by City S 174,713 Advanced by CO 174.713 $ 524,139
4 City Advance City of Azusa Advance/577-645 Foothill/Krems Site 1,756,145 157,956 13,163_S 13,163 5 13.163 $ 13,163 $ 13,163 S 13,163 $ 13,163 $ 13,163 5 13,163 $ 13,163 $ 13,163 13,163 $ 157,956
5 City Advance City of Azusa City Adv./Autodealership 9,088,334 249,684 20,807 $ 20,807 $ 20,807 $ 20,807 $ 20,807 $ 20,807 $ 20.807 $ 20,807 5 20,807 $ 20,807 $ 20,807 20,807 $ 249,684_
6 City Advance City of Azusa City Adv./619.621 N.Azusa(Talley Bldg) 262,380 7,490 5 3,745 $ 3,745 0 $ 7,490
7 Reimb Agreement Azusa Public Financing Authority Reimb Agrmt/2003 Refunding COP's 4.437,007 659,699 293,849 $ 2,000 $ 61.925 301,925 $ 659.699
8 Housing Bonds Bond Holders 2008 Series B Housing T.A.Bonds 25,499.067 1,384,031 503,323 Advanced by City 0 375,354 Advanced by City 505,354 $ 1,384,031
9 Tax Allocation Bonds Bond Holders 2007 Series A Tax Allocation Bonds 28,363,766 2,141,887 851,841 Advanced by City $ 430,023 Advanced by City 860,023 $ 2.141,887
10 Tax Allocation Bonds Bond Holders 2007 Series B Tax Allocation Bonds 8.590,056 529,645_ 206,201 Advanced by City $ 114,222 Advanced by City 209,222 S 529,645
11 LMI Advance RDA Low Mod Fund Low/Mod Adv./Block 36 Mixed Use 1618635 0_ 0 $ -
12 City Advance City L&W Fund City Adv./$450k/Azusa&1st Reader Brd 499,425 99,885 $ 49,943 $ 49,942 0 $ 99685
13 Contract Purchase Order Fairytale Camages Winter Holiday Fiesta 1.000 1,000 _$ 1,000 0 $ 1,000
14 Employee Costs Employees of Agency Payroll for employees _ 392,970 392,970 65,495_5 65,495 $ 65,495 $ 65,495 $ 65,495 $ 65,495 0 $ 392,970
15 Arbitrage Compliance Arbitrage Compliance Specialists Arbitrage calculation for Bonds 6,100 6,100 $ 3,325 $ 2,000 $ 775 0 $ 6,100
16 Price/Costco Note HDL Coren&Cone Sales tax consulting&calculations 21,000 22,200 0 $ 3,900 _5 305 $ - $ 2,100 $ 2,100 $ 2.600 $ 2,500 $ 2,500 $ 2,500 $ 2.495 1,200 $ 22.200 •
17 Property Tax Consulting HDL Coren&Cone Tax Increment and Pass through calculations 2.700 2.700 0 $ - $ - $ - $ 1,220 $ • $ - $ - $ - $ 1,480 $ - 0 $ 2,700
Totals-This Page $ 125,854,891 $ 8,561,938 $ 3,106,776 $ 106,690 $ 100,770 $ 99,465 $ 158,473 $ 1,672,386 $ 36,570 $ 37,245 $ 36,470 $ 37,950 $ 90,152 $ 3,078,991 $ 8,561,938
Totals-Paget $ 38,691,471 $ 3,248,623 $ 147,417 $ 463,388 $ 238,183 $ 147,097 $ 253,692 $ 215,644_5 168,292 $ 236.313 $ 198,843 $ 181.681 $ 878,733 $ 119,340 $ 3,248,623
Totals-Other Obligations $ 80,631,593 $ 2,740,036 $ - $ - $ - $ - $ 1,370,018' $ - $ - $ - $ - $ 1,370,016 $ - $ - $ 2,740,036
Grand total-All Pages $ 245,177,955 $ 14,550.597 $ 3,254.193 $ 570,078,$ 338,953 $ 246.562 $ 1,782,183 $ 1,888,030 ,8
204,862 $ 273,558 $ 235,313 $ 1,589,649`$ 968,885 $ 3,198,331 $ 14.550,597
Name of Redevelopment Agency: City of Azusa Redevelopment Agency Page 2 of 2 -
Project Area(s) Merged Central Business District&West End Project Area
REVISED 02/22/12
REVISED ENFORCEABLE OBLIGATION PAYMENT SCHEDULE
Per AB 26-Section 34167 and 34169(1) -
Total Outstanding Total Due During Payments by month(3)
Project Name/Debt Obligation Payee Description Debt or Obligation Period Aug 2011(2) Sept Oct Nov Dec Jan 2012 Feb Mar Apr May Jun Jul Total
1Consuhin•Services Lance Soll&Lun•hard Audit Services $ 21,500 $ 21,500 $ 10,500 E 5,500 $ 5,500 $ - E 21.500
19 Bambinos FFE Bambino's Pizza Furniture Fixtures&Equipment Loan $ 35,000 $ 16,442 16,442 0 $ 16.442
20 ENA Agrmt Dtnwn North A2/A3 Lewis Retail Centers Potential Liquidated Damages $ 18,558 $ 18,558 0 18,558 0 $ 18.558
21 Redev Consulting Services Urban Futures Project Administration $ 325.000 5 145,415 27,083 27,083 27.083 27,083 27.083 10,000 0 $ 145.415
22 Appraisal Services RP Laurain Prop Appraisal 975 W.Foothill(D-Club) $ 2,200 $ 2,200 2,200 0 $ 2,200
23 Appraisal Services RP Laurain Prop Appraisal San Gabriel Ave(Blk 37) 0 7,000 $ 7,000 _ 7,000 0 $ 7,000
24 Oper Convenant Agrmt APPLE SOCAL LLC Applebee's Operating Covenant Payment $ 200,000 $ 200,000 200,000 _ 0 $ 200.000
25 Enviommental Services LSA Atlantis Garden CEQA Study $ 37,800 $ 11,309 11,309 0 $ 11,309
26 Consutlin•Services Im•act Sciences Atlantis Garden Specific Plan $ 14,850 $ 12,790 12,790 0 $ 12,790
27 ENA(Atlantis Garden) Mercy Housing Potential Liquidated Damages $ 50,000 5 50,000 50,000 0 $ 50,000
28 ENA(Enterprise) Kal Pacific&Associates Hotel Appraisal $ 15,000 $ 15,000 15,000 0 $ 15.000
29 DDA(9th/Alameda)Hsng Proj City Ventures LLC Potential Liquidated Damages 5 25,000 $ 25,000 25,000 _ 0 5 25,000
30 DDA Azusa/Arrow H The Charvat Famil LLC Potential Liquidated Damages $ 50,000 $ 50,000 50,000 0 $ 50,000
®Consultin•Services Overland Pacific&Cutler,Inc. Atlantis Garden Replace Hsng Plan $ 3,553 $ 3,553 3,553 0 $ 3.553
gliContract Purchase Order E&L Services Repair of Agency Property $ 20,040 $ 20,040 1,670 1,670 1,670 1,670 1,670 1,670 1,670 1,670 1,670 1,670 1,670 1,670 $ 20,040
Contract Purchase Order Miss Azusa Scholarshi•Pro•ram Miss Azusa&Miss Outstanding Teen Azusa $ 15,000 $ 15,000 15,000 0 $ 15,000
Legal Services Best Best&Krieger Redevelopment Legal Counsel _5 400,000 $ 400,000 33,333 33,333 33,333 33,333 33,333 33,333 33,333 33,333 33,333 33,333 33.337 33,333 $ 400,000
125 $ 1,500
Agency Operations Verizon Reader Board Monthly Utility Bill $ 1,500_E 1,500 125 125 125 125 125 125 125 125 125 125 125
• A.en O•erations Verizon Cell Phone for Redev.Proj.Mgr. $ 600 $ 600 100 100 100 100 100 100 0 $ 600
37 Agency Operations Iron Mountain _Monthly Records Storage $ 1,450 $ 1,450 0 145 145 145 145 145 145 145 145 145 145 0 $ 1,450
38 Agency Operations National Construction Rentals,Inc. Security Fence(716-718 N.Dalton Av) $ 3,144 $ 3,144 262 262 262 262_ 262 262 262 262 262 262 262 262 $ 3,144
39 Agency Operations AT&T Fax Machine $ 120 $ 60 10 10 10 10 10 10 _ 0 $ 60
40 Agency Operations National Construction Rentals,Inc. Security Fence(Choi Property) $ 1,000 $ 1,000 500 500 0 E 1,000
41 Agency Operations Azusa Light&Water Utility costs $ 7.900 $ 7,238 658 658 '658 658 658 _ 658 658_ 658 658 658 658 0 S 7,238
42 A•enc O•erations Fed Ex Package Delivery $ 200 $ 200 50 50 50 50 0 $ 200
DDA(Azusa/Arrow Hwy) AAJ Demolition of 17511 E.Arrow Hwy _ $ 27,800 5 27,800 _ 27,800 J 0 $ 27.800
Agency Operations Office Depot Office supplies $ 400 $ 400 0 100 100 100 100 0 $ 400
Advertisin• San Gabriel Valle Tribune J Advertising and Public Notices $ 12,000 5 12,000 3.000 3,000 3.000 3,000 0 $ 12,000
el Travel and Meetin.Ex•enses US Bank Travel and Meeting Expenses $ 3,000 5 3,000 1,000 2,000 0 $ 3.000
47 Bond Administration Wells Fargo Bank Trustee Administration Charges $ 14,000 5 18,000 4,000 2,500 5,000 2,500 4,000 $ 18.000
48 Continuing Disclosures Urban Futures Continuing Disclosures $ 9,250 $ 9.250 9,250 0 $ 9,250
49 Bond Administration Bank of New York Mellon Trustee Administration Charges $ 1,550 E 1.550 1,550 0 $ 1,550
50 Administrative Fees Cay of Azusa _Successor Agency Administrative Fees $ 104,167 $ 104,167 - 104,167 0 $ 104,167
51 Insurance Fees/Premiums ICRMA Insurance-Liability Coverage $ 20.000 $ 20,000 10.000 10,000 0 $ 20,000
52 Property Taxes-Hamza Los Angeles County Tax Collector Property Taxes-Former Tenant 5 447 $ 447 137 155 155 0 $ 447
53 Price Company Developer Agreement Price Family Sales Tax Allocation Note $ 12,102,588_5 745,100 74,100 71,730 _ 70.600 154,470 120,600 179,500 74,100 $ 745,100
54 Sales Tax Allocation Note Ci of Azusa Sales Tax Allocation Note $ 2,013,000 $ 671,000 106,450 106,000 146,840 79,400 99,100 100,450 32,760 $ 671,000
®Note Pa able-Price Ca of Azusa Sales Tax Due City $ 22,413,744 $ - 0 $
56 SERAF-FY 2010-11 Loan City of Azusa-L&W FY 2010-11 SERAF Payment to State $ 536,010 $ 536.010 2,523_ 2,535 2,548 2,561 2,574 2.586 2,599 2,612 2,625 2,638 510,209 0 $ 536,010
57 Unemployment Benefits EDD Unempl.benefit costs to former RDA employees $ 140,400 $ 34,200 5400 5,400, 5,400 6,750 5,400 5,850 $ 34,200
58 Termination Costs Former Employees Termination costs to former RDA employees $ 36,700 $ 36,700 36.700 0 $ 36,700
Totals-This Page $ 38,691,471 $ 3,248,623 $ 147.417 $ 463,388 $ 238,183 $ 147,097 $ 253.692 $ 215,644 $ 168,292 $ 236,313 $ 198,843 $ 181,681 $ 878,733 $ 119,340 $ 3,248,623
(1)This Revised Enforceable Obligation Payment Schedule(EOPS)amends the schedule adopted by the Azusa Redevelopment Agency on January 23,2012.It is valid through 07/31/12.
(2)Includes only payments to be made after the adoption of the EOPS.
(3)All payment amounts are estimates.
2
Name of Redevelopment Agency: Azusa Redevelopment Agency Page 1 of 1
Project Area(s) Merged Central Business Distnct&West End Project Area
REVISED 02/22/12
OTHER OBLIGATION PAYMENT SCHEDULE
Per AB 26-Section 34167 and 34169(1)
Total Outstanding Total Due During Payments by month(3)
Project Name i Debt Obligation Payee Description Debt or Obligation Penod Aug 2011(2) Sept Oct Nov Dec Jan 2012 Feb Mar Apr May Jun Jul Total
1)Pass Through Est.County Pass-Through/Admin $ 69,395.083 $ 2,563.050 $ 1.281.525 $ 1,281.525 $ 2.563,050
2)Pass Through Est.Statutory Tax Sharing Pass-Through 11.236,510 176,986 88,493 88,493 $ 176,986
3) $ -
4) — $ -
5)
$ -
6)
$
7)
$
8)
$ -
9)
10) $ -
11)
$ -
12) $ -
13)
14)
15)
$ -
16) $ -
17) $
18)
19)
20)
21)
$
22)
$
23)
24)
$
25)
$
26)
$ -
27)
0
28)
Totals-Other Obligations I$ 80,631,593 I$ 2,740,036 I$ - I$ - I$ - I$ - I$ 1.370,0181 S - j$ - I$ - I$ - I S 1,370,018 I S - I f - I S 2.740.036
(1) This Revised Enforceable Obligation Payment Schedule(EOPS)amends the schedule adopted by the Azusa Redevelopment Agency on January 23,2012.It is valid through 07/31/2012.It is the basis for the Draft Recognized Obligation Payment Schedule(ROPS).
(2)Include only payments to be made after the adoption of the EOPS.
(3)All payment amounts are estimates.
3
Name of Redevelopment Agency: Azusa Redevelopment Agency Page 1 of 1
Project Area(s) Ranch Center Project Area
REVISED 02/22/12
ENFORCEABLE OBLIGATION PAYMENT SCHEDULE _
Per AB 26-Section 34167 and 34169 y1)
Total Outstanding Total Due During Payments by month(3)
Project Name/Debt Obligation Payee Description Debt or Obligation Period Aug 2011(2) Sept Oct Nov Dec Jan 2012 Feb Mar Apr May Jun Jul Total
1 City L&W Enterprise Loan City of Azusa L&W Fund 25-Year Secured Note-Revolving $ 2.128.868 $ 151,445 s$ - _ $ - $ - $ - $ - $ - $ - $ - $ - $ 151,445 $ - $ - 151,445
2 City Loan City of Azusa Unsecured Note-Due Cit 5,187,363 125,590 0 0 0 0 0 0 0 125.590 0 0 125,590
3 Sales Tax Reimbursement City of Azusa Sales Tax Due City 1.508,508 15.880 0_ 0 0 0 0 0 0 15.880 0 0 15.880
4 City L&W Enterprise Loan City of Azusa L&W Fund Advance/Rehabilitation Improvements 1.902,066 77,715 0 0 0 0 0 0 0 77,715 0 0 77,715
5 SERAF-FY 2010-11 Loan City of Azusa FY 2010-11 SERAF Pa ment to State 8.927 8,927 42 43 43 43 43 44 44 44 44 8,537 0 0 8,927
6
B
9 •
10 -
11
2
13
13
14 -
15
6 -
17
18
19
20
21
22
23 - -
24
25
26
27
28
29
30
(1) This Revised Enforceable Obligation Payment Schedule(EOPS)amends the schedule adopted by the $ 10,735,732 $ 379.557 $ 42 $ 43 $ 43 $ 43 $ 43 $ 44 $ 44 $ 44 $ 379,167 $ $ $ 379,557
Totals-Other Obligations $ 4.309,747 $ 103,294 $ - $ - $ - $ - $ 47,608 $ - $ - $ - $ - $ - $ - $ - $ 103.294
Grand total-All Pages 111M=.1 $ 482.851 I$ 42 II$ 43 II$ 43 11$ 43 II$ 47,651 11$ 44 11011Mill$ 44 $ 44 I$ 379,167 $
I� � �� - 11$ - II$ 482.851
(1) This Revised Enforceable Obligation Payment Schedule(EOPS)amends the schedule adopted by the Azusa Redevelopment Agency on January 23,2012.It is valid through 07/31/12.
(2)Include only payments to be made after the adoption of the EOPS.
(3)All payment amounts are estimates,
4
Name of Redevelopment Agencl Azusa Redevelopment Agency Page 1 of 1
Project Area(s) Ranch Center Project Area
REVISED 02/22/12
OTHER OBLIGATION PAYMENT SCHEDULE
Per AB 26-Section 34167 and 34169(1)
Total Outstanding Total Due During
Payments by month(3)
Project Name/Debt Obligation Payee Description - Debt or Obligation Period Aug 2011(2) Sept Oct Nov Dec Jan 2012 Mar Apr May Jun Jul Total
Pass Throu,h A.reement Azusa Unified Pass Throu.h $ 293,464 $ 12,197 $ - $ 4,897 $ - $ - $ 3,650 $ - $ - $ $ $ $ 3.650 $ $ 12,197
Me Pass Throu.h A.reement Citrus College Pass Through 160.373 4,407 0 3,181 0 0 613 0 0 0 0 0 613 0 4,407
Ea Pass Throu.h A.reement LA County Admin Pass Through 3,855,910 86.690 0 0 0 0 43,345 0 0 0 0 0 43.345 0 86,690
NI
Ill IMM
MI
WI
9)ICI
112
1)Ell
IMM IMMMI
EN
-��____�
111111
WI
MI
ED
•
1113
•
FM
Ell
KIM
25)
26
27)
28)
'Totals-Other Obligations I$ 4,309,7471$ 103,294 $ - 1$ - I$ - I$ - $ 47,6081$ - 1$ - I$ - I$ - I$ - I$ 47.6081$ - I$ 103.294
(1) This Revised Enforceable Obligation Payment Schedule(EOPS)amends the schedule adopted by the Azusa Redevelopment Agency on January 23,2012.It is valid through 07/31/12.
(2)Include only payments to be made after the adoption of the EOPS.
(3)All payment amounts are estimates.
5