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NOTICE AND CALL OF A SPECIAL MEETING
OF THE CITY COUNCIL OF THE CITY OF AZUSA
TO THE MEMBERS OF THE CITY COUNCIL OF THE CITY OF AZUSA:
NOTICE IS HEREBY GIVEN that a Special Meeting of the City Council of the City of Azusa is hereby called to be held
MONDAY, APRIL 23, 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 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 Meeting Notice.
C. SUCCESSOR AGENDA ITEM
1. ENFORCEABLE OBLIGATION PAYMENT SCHEDULE AND RECOGNIZED OBLIGATION PAYMENT
SCHEDULE REVISIONS.
RECOMMENDED ACTION:
a. Waive further reading and adopt Resolution No. 12-R17, approving and adopting an 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-R18, 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-R19, approving and adopting an additional "Recognized
Obligation Payment Schedule"for the period of July 2012 to December 2012 pursuant to AB 1X 26.
D. CLOSED SESSION
1. Gov. Code Sec. 54957.6— CONFERENCE WITH LABOR NEGOTIATOR
City Negotiators: City Manager Makshanoff
Organizations: ACEA (Azusa City Employees Association), AMMA (Azusa Middle Management
Association), SEIU (Service Employees International Union), and IBEW (International
Brotherhood of Electrical Workers.
2. Gov. Code Sec. 54956.8 - REAL PROPERTY NEGOTIATIONS
Agency: City of Azusa
City Negotiators: City Manager Makshanoff
Negotiating With: CBS Outdoor
Under Negotiation: Price and Terms of Sale.
Address: 880 S. Azusa Avenue, Azusa, CA 91702
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 needed will
assist staff in assuring that reasonable arrangements can be made to provide access to the meeting.
2
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AZUSA`
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. MAKSHANOFF CITY MANAGER
DATE: April 23, 2012
SUBJECT: ENFORCEABLE OBLIGATION PAYMENT SCHEDULE AND RECOGNIZED
OBLIGATION PAYMENT SCHEDULE REVISIONS
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 1X 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 1X 26.
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 lx 26.
BACKGROUND
The Successor Agency of the former Redevelopment Agency of the City of Azusa("Agency")previously
adopted the Enforceable Obligation Payment Schedule("EOPS")for the period of August 2011 to July
2012,Resolution No. 12-R12. The Agency also adopted the Recognized Obligation Payment Schedule
("ROPS"), Resolution No. 12-R13 for the period of January 2012 to July 2012 and the second ROPS,
Resolution No. 12-R14 for the period of July 2012 to December 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 it's enforceable obligations as required by Health and
Safety Code section 34169. 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 it's 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 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, the first and second 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, first ROPS and second 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 an
Amended 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-R12, dated April 2, 2012, and is operative from August 1, 2011 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 1, 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. 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 April, 2012, by the following vote:
AYES:
NAYS:
ABSENT:
ABSTAIN:
Chair
ATTEST:
Secretary
EXHIBIT A
AMENDED ENFORCEABLE OBLIGATION PAYMENT SCHEDULE
[Attached behind this page]
•
Name of Redevelopment Agency: City of Anise Redevelopment Agency
Page 1 of 2
Project Area(o) Merged Central Business District 8 West End Project Area EXHIBIT A
REVISED 04/23/12
REVISED ENFORCEABLE OBLIGATION PAYMENT SCHEDULE
Per AB 26-Section 34167 and 34169(1)
Total Outstanding Total Due During Payments by month(01(4)
Project Barn/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 Tex ABocetion Bonds Bond Holden 2008 Series A Merged TA Bond. $ 14,705,231 $ 577,987 $ - S - E - E - E - s - E 248.493 $ - E - $ - $ - 5 331,494 3 577,987
2 Tax Allocation Bonds Bond Holders 2003 Merged TA Refunding Bonds 11,855,163_ 827,179 0 188.089 0 0 0 0 661.090 $ 827,178
3 Tax Allocation Bonds Bond Holden 2005 Merged TA.Bonds 18,755,912 349,425 0 0 174,712 0 0 0 0 174,713 8 349,425
4 Light Fund Advance Light and Water Advance/577-645 FoothiWKrema Site 1.758.145_ 157,956 0 0 0 0 118,467 13.163 13.183 13,183 $ 157,956
5 Light Fund Advance Light end Water City AdvJAutodealership 9,088,334 249,884 0 0 0 0 187.283 20.807 20,807 20.807 $ 249.664
8 Water Fund Advance Light and Nater City Adv./619-621 N.AEusa(Talley Bldg) 262,380_ 7.490 0 0 0 0 3.745 0 3.745 0 $ 7.490
7 Reimb Agreement City of Azusa Reimb Agnnt2003 Refunding COP'.(APFA) 4.437,007 301,925 0 0 _ 0 0 0 0 0 301.925 $ 301.925
8 Housing Bonds Bond Holden 2008 Series B Housing TA Bonds 25,499.087_ 880,707_ 0 0 375.353 0 0 0 0 505.354 $ 880,707
9 Tax Allocation Bonds Bond Holden 2007 Series A Tax Allocation Bonds 28.363,766 1.290,044 0 0 430.021 0 0 0 0 860,023 $ 1.290,044
10 Tax Allocation Bonds Bond Holden 2007 Series B Tex Allocation Bonds 8,590,058 323,443 0 0 114,221 0 0 0 0 209,222 $ 323,443
11 EMFAdvenaa RDA Lew Med-Fond 0 0 0 0 0 0 a 0 0 0 0 $ -
12 Water Fund Advance Light and Water City Adv./$450a/Azuse 8 1st Reader Brd 499,425 99.885 0 0 0 0 49,943 0 49,942 0 $ 99,885
13 Contract Purchase Order Fairytale Canioges Ntnter Holiday Fiesta 1,000 925 0 0 92 D 0 0 0 0 0 $ 925
14 Employee Costs Employees of Agency Payroll for employees 392,970 395.518 77,041 59.850 55,777 97,842 54,199 50,809 0 0 0 0 0 0 $ 395,518
15 Arbitrage Comp8ance Arbitrage Compliance Specialists Arbitrage calculation for Bond. 8,100 6,100 0 0 3.325 0 0 2,000 0 0 775 0 0 0 $ 6.100
18 Price/Costco Note HOL Goren 8 Cone Sales tax consulting 8 calculations 21,000 19,200 0 2,700 305 0 2,100 0 2,700 2,700 2,500 2,500 2.495 1,200 $ 19,200
17 Propery Tan Consulting HDL Goren 8 Cone Tax Increment and Pass through calculations - 2.700 3,902, 0_ 0 0 0 1,220 0 1,202 0 1.480 0 0 0 1 3,902
Totals-This Page $ 124.238,256 $ 5,491,370 $ 77,041 B 82,550 $ 59.407 E 97.842 S 58,444 S 52,809 $ 1,510.791 5 2.700 $ 364,173 5 38.470 $ 90.152 $ 3,078,991 $ 5.491,370
Totals-Page 2 $ 39,709,437 9 3,528,155 $ 4,000 $ 313,012 $ 105.281 $ 331.845 5 209.697 5 84,193 $ 55,352 5 12,339 5 1.065.707 $ 170.735 $ 1,071,918 $ 119.078 $ 3.543.155
Totals-Omer Obligations 5 - $ - $ - 5 - $ - 5 - $ - $ - 5 - $ - 9 - $ - $ - 3 - 5
Grand total total-Al Pages 5 183,945,893 $ 9,019.525 $ 81.041 5 375,582 9 164.688 $ 429.687 5 268,141 5 137,002 5 1,588,143 5 15,039 $ 1.429.880 9 207.205 $ 1.182,088 5 3,198,089 $ 9.034,525
Page 1 of 5
•
Name of Redevelopment Agency: City of Azusa Redevelopment Agency Page 2 of 2
Project Aree(s) Merged Central Business District&West End Project Area EXHIBIT A
REVISED 04/23/12
REVISED ENFORCEABLE OBLIGATION PAYMENT SCHEDULE
Per AB 26-Section 94167 and 34169(1)
Total Outstanding Total Due During Payments by month(3)f4)
Project Name I Debt Obligation Payee Description Debt or Obligation Period Aug 2011(2) Sept Oct Nov Dec Jan 2012 Feb _ Mer Apr May Jun Jul Total
18 Consulting Services Lance Soli&Wnghrd Audit Services $ 21,500 5 17,291 $ - $ - 5 - $ - $ 10,442 $ 1,349 $ 5,50 $ - 0 - $ 17,291
19 Bambinos FFE Bambino's Pizza _Furniture Fixtures&Equipment Loan $ 35,000 $ 31,437 14,994 0 0 0 0 18,44 9- 0 $ 31,437
20 ENA Agrmt MumNorth A2/A3 Lewis Retail Centers Potential Liquidated Damages $ 18,558 $ 18,558 0 0 0 0 0 18,55 d 0 $ 18,558
21 Redev Consulting Services Urban Futures Project Administration $ 325,000 8 88,661 38,34 8,434 0 14,800 0 0 27,08 0 0 $ 88,681
22 Appal-en S-^^^v- R.L',Min $ - $ - _ 0 0 0_ 0 0 0 0 $ -
23 Approdvi
" $- o'e RAkem+in $ - $ - 0_ 0 0 0 0 0 0 $ -
24 Oper Convenant Agrmt APPLE SOCAL LLC ,pplebee's Operating Covenant Payment $ 200,000 $ 200,000 200,000 0 0 0 0 0 0 $ 200,000
25 �isee LSA $ $ - 0 0 0 0 0_ 0 0 $ -
D$ -
26 Cwsuting Sanw% Irepaal-Saiesa , 0 0 0 0 0 0 $ -
27 ENA(Atlantis Garden) Mercy Housing Potential Liquidated Damages $ 50,000 S 50,000 0 0 0 50,000 0 n 0 0 9 50,000
28 $NR(EaMryrce) $ - $ - 0 0 0 0 0 15,00 0 0 S 15,000
29 DDA(9th/Alameda)Hang Proj City Ventures LLC Potential Liquidated Damages $ 25,000 $ 25,000 0 0 0 0_ 0 25,00 _ 0 0 $ 25,000
30 ODA(Azusa/Arrow Hwy) The Chrvat FamilyLLC Pubic Improvements $ 200,000 $ - 0 0 0 0 0 0 0 $ -
31 Consulting Services Overland Pacific 8 Cutler,Inc. Atlantis Garden Replace Hong Pine $ 3,553 S 3,553 0 0 0 0 0 3,55 0 0 8 3,553
32 Contract Purchase Order E&L Services Repair of Agency Property 5 20,040 $ 17,710 _ 1,67 1,66 1,665 1,665 1,665 1,350 1,350_ 1,67 1,67, 1,670 1,670 $ 17,710
33 Contract Purchase Order Miss Azusa Scholarship Program Miss Azusa&Miss Outstanding Teen Azusa $ 15,000 $ 15,000 15,000_ 0 0 0 0 0 0 0 $ 15,000
34 Legal Services Best Best&Krieger Redevelopment Legal Counsel 5 400,000 $ 211,125 11,60 4,01 0 32,325 17,064 2,083 10,895 33,33 33,33 33,337 33,333 8 211.125
35 Agency Operations Verizon Reader Board Monthly Utility B81 8 1,500 8 1,424 12 12 0 270, 138 138 138 12 12 125 125 $ 1,424
36 Agency Operations Ver zon Cell Phone for Redev./Proj.Mgr. 8 438 $ 436 10_ 3 75 81 72 78 (17) 0 0 $ 436
37 Agency Operations Iron Mountain Monthly Records Storage $ 1,829 $ 1,829 28 195 281 144 144_ 144 14 14 145 5 $ 1,829
38 A9+rv'Y ep..a«..... a..u.:N.--e-(7.vr B"1.Detiov 0.) $ - $ - 0 0 0 0 0 _ 0 0 $
39 Agency Operations AT&T Fax Machine $ 48 $ 48 7 7 7 8 8 0 0 $ 48
40 $ - $ - 0 0 0 D 0 0 0 $ -
41 A9rwy-Operetiena UB-t VrNee r'"xry---'e $ - $ - 0 0 0 9 0 0 0 $ -
42 Agency Operations Fed Ex Package Delivery $ 204 $ 204 21 0_ 182 0 0 21 0 0 3 204
43 Agency Operations S.Fereges Deliver SOI to Count' $ 32 $ 32 32 0_ 0 0 0 0 0 0 $ 32
44 DDA(Azusa/Arrow Hwy) AAJ Demolition of 17511 E.Arrow Hwy 5 48,288 9 48,288 75 1,215 27,776 18,545 0 D 0 0 0 3 48,288
45 Agency Operations Office Depot Office supplies 5 400_5 298 0 97 0 0 201 0 _ 0 0 $ 298
48 Agency Operations ProForme Business cards 8 22 5 22 22 0_ 0 0 0 0 0 0 $ 22
47 Advertising Sen Gabriel Valley Tribune Advertising and Pudic Notices $ 12,000 $ 12,000 0 0 0 0 0 D 12,00 0 0 $ 12,000
48 Travel and Meeting Expenses US Bank Travel and Meeting Expenses $ 3,000 $ 3,000 0 0 0 0 0 0 3,00 0 • 0 $ 3,000
49 Bond Administration Weis Fargo Bank Trustee Administration Charges 5 18,000 $ 18,000 4,00 0 0 0 2,500, 5,000 0 2,500 0 4,000 5 18,000
50 Continuing Disclosures Urban Futures Continuing Disclosures _9 9,250 $ 9,250 0 0 0 0 0 0 9,250 0 $ 9,250
51 Bond Administration Bank of New York Mellon Trustee Administration Cherges 5 1,550 $ 155D 0 0 0 1,550 0 0 0 0 $ 1,550
52 Administrative Fees City of Azusa Successor Agency Administrative Fees $ 104,167 $ 104,167 0 0 0 0 0 0 104,167 0 $ 104,167
53 Insurance Fees/Premiums ICRMA Insurance-Liability Coverage $ 20,000 5 20,000 0_ 0 0 0 0 0 10,00 10,000 0 $ 20,000
54 Agency Operations CRA Legal Assessment#2 $ 400 $ 400 400 0 0 0 0 0 0 0 $ 400
55 Agency OperationsCRA Continued Education $ 569 $ 569 495 74 0 0 0 0 0 0 5 589
58 Agency Operations ICSC/ELS-ENA Meeting Conference costs $ 1,783 $ 1,783 1,316 467 0 0 0 _ 0 0 0 5 1,783
57 Property-Tows-Haase $ - S 0 0 0 0 0 0 0 0 $ -
58 Price Compeny Developer Agreement Price Family Sales Tex Atiucatlon Note _$ 12,102,588 $ 800,800 201,530 0 0 0 0 0 225,07 120,60 179,500 74,100 9 800,800
59 Sales Tax Allocation Note City of Azusa Sales Tax Allocation Note 5 2.013,000 9 1,030,358 79,987 59,000 78,600 141,869 0 0 638,14_ 32,760 0 $ 1,030,356
60 Note Payable-Price City of Azusa Sales Tax Due City $ 22,413,744 9 0 0 0 0 0 0 0 0 $ -
61 SERAF-FY 2010-11 Loan ,Ught&Water FY 2010-11 SERAF Payment to State $ 530,708 $ 530,708 _ 0 0 0 0 0 _ 0 17,88 2,81 510,209 0 $ 530,708
62 Haden Lee Project(formerly CoasyedtCasden) Light&Water Low-Mod Income Housing advance S 926,765 $ 185,353 0 0 0 0 0 0 185,353 0 $ 185,353
63 Unemployment Benefits EDD Unemp.benefit costs to farmer RDA employees $ 140400 $ 34,200 0 0 0 0
0 0 18,20 6,75 5,400 5,850 $ 34,200
64 Termination Costs Former Employees Termination costs to former RDA employees $ 45,303 $ 45,303 0 0 0 0 45,303 0 0 0 5 45,303
Totals-This Page 5 39,709.437 $ 3,528,155 $ 4,000 $ 313,012 $ 105.281 $ 331,845 $ 209,697 $ 84,193 5 55,352 $ 12,339 $ 1065,707 $ 170,735 $ 1.071,918 $ 119,078 8 3,543,155
(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 07131/12.
(2)Includes only payments robe made after the adoption of the EOPS.
(3)All payment amounts are estimates.
(4)Payments are In bold.
Page2of5 *'
Name of Redevelopment Agency: Azusa Redevelopment Agency Pagel o/1
Project Areets) Merged Central Business District 8 west End Project Area EXHIBIT A
REVISED 04/23/12
OTHER OBLIGATION PAYMENT SCHEDULE
Per AB 26-Section 34167 and 34169(1)
Total Outstanding Total Due During Payments by month(3)(4)
Project Name/Debt Obligation Payee Desodpton Debt or Obtgetion Period Aug Sept Oct Nov Dec Jan 2012 Feb Mar Apr May Jun Jul Total
1) B eY91i $ - $ $ - S - $ - $ - $ - $ - $ - $ - $ - $ - $ - E - $
-
2)Pam.Thr^ugb 0 0 0 0 0 0 0 0 0 0 - - 0 0 $ -
3)
9
4)
5) $
6) 3 -
7) 3
8) $-
9)
-
10) $
11)
$
12) $ •
13) 3
14) $ -
15)
8 -
18)
8 -
17) $ -
18) 3 -
Is)
$ -
20) E
21) $ -
22) $ -
23) $ -
24) 5 -
25) S
28) 3 -
27) S
28)
$
'Totals-Other Obligations I s - I s - Is - Is - Is • Is - Is - Is - Is - Is - Is - Is - Is - Is - Is -
(I)This Revised Enforceable Obligation Payment Schedule(EOPS)amends the schedule adopted by the Azusa Redevelopment Agency on January 23,2012.111.valid through 07/3112012.RIs the basis for the Draft Recognized Obligation Payment Schedule(POPS).
(2)Include only payments to be made after the adoption of the FOPS.
(3)All payment amounts are estimates.
Page 3 of 5
n
Name of Redevelopment Agency: Azusa Redevelopment Agency Page 1 011
Project Areas) Ranch Center Project Area EXHIBIT A
REVISED 04/23/12
ENFORCEABLE OBLIGATION PAYMENT SCHEDULE
Per AB 26-Section 34167 and 34169(1)
Total Outstanding Total Due During Payments by month)
Project Name/Debt Obligation Payee Description Debt or Obligation Period Aug 2011 Sept Oct Nov Dec Jan 2012 Feb Mar Apr May_ Jun , Jul Total
1 L8W Enterprise Loan Light and Water 25-Year Secured Note-Revolving $ 2,128,868 $ 151,445 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 151,445 $ - $ 151.445
2 City Loan City of Azusa 1990 APFA City Loan Drawdown 5,187,363 125,590 0 0 0 0 0 0 0 0 0 0 125,590 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 0 0 0 15,880 0 15,880
4 OM Enterprise Loan Light and Water Advance/Rehabilitation Improvements 1,902,066 77,715 0 0 0 0 0 0 0 0 0 0 77,715 0 77,715
5 SERAF-FY 2010-11 Loan Light and Water FY 2010-11 SERAF Payment to State _, 8,924 8,924 0 0 0_ 0 0_ 0 0 0 0 0 8.924 0 8,924
6 Administrative Fees City of Azusa Successor Agency Administrative Fees 10,910 10,910 0 0 0 0 0 0 0 0 0 0 10,910 0 10,910
7
8
9
10
11 _
12
13 - —
_
14
_ _
15
16
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 $ 10,746,639 $ 390,464 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 390,464 $ - $ 390,464
Totals-Other Obligations $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - ,$
Grand total-All Pages S 10,746,639 $ 390.484'S $ - ':S - S - s $ S $ - $ - $ - $ 390,464 $ - $ 390,464
(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 07131112.
(2)Include only payments to be made after the adoption of the EOPS.
(3)All payment amounts are estimates.
Page 4 of 5
Name of Redevelopment Agencl Azusa Redevelopment Agency
Page 1 of i
Project Area(s) Ranch Center Project Area EXHIBIT A
REVISED 04/23/12
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 Period Aug 2011(2) Sept Oct Nov Dec Jan 2012 Feb Mar Apr May Jun Jul Total
1)Penn Through Agr-emeut Azusa-Yelled• Pae%74rreugh $ - $ - $ - $ - _s - $ - $ - $ - $ - $ - $ - $ - $ - $ - $
2) CAP.-College ege P0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
3)Pass Thr- h-AereeRrent EA-Caaaly Adruia-PaccThr"gh o 0 0 0 0 0 0 0 0 0 0 0 0 0 0
r
4)
5)
6)
7)
a)
9)
10)
11)
12)
13)
14)
15)
16)
17)
18)
19)
20)
21)
22)
23)
24)
25)
26)
27)
28)
101010-Other Obligaliono Is - Is - Is - Is - Is - Is - Is - Is - I I$ - Is - Is - Is - Is - I$
(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 am estimates.
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 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-R13, dated April 2, 2012, and is operative from January 1, 2012 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. CEQA 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 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 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]
Name of Redevelopment Agency. City of Azusa Redevelopment Agency Page 1 oft
Project Areals) Merged Central Business District&West End Project Area EXHIBIT B
RECOGNIZED OBLIGATION PAYMENT SCHEDULE Revised 04/23112
Per AB 26-Section 34177
FISCAL YEAR 2011-2012
Total Outstanding Total Due During Payments by month
Project Name/Debt Obagedon Payee Description Debt or Obliggtion- Period Jan Feb _ Mar Apr May Jun Jul Total Source of Payment
-
1 Tex Allocation Bonds Bond Holders 2008 Series A Merged T.A.Bonds $ 14,378,537 $ 577,988 $ 246,494 City Advance $ - $ - $ - $ - $ - r.$ 331,494 $ 577,988 Redevelopment Prop Tax Trust Fund(RPTTF)
2 Tex Manton Bonds Bond Holders 2003 Merged TA.Refunding Bonds 11,206,473 827,180 166,090 City Advance 0 0 0 0 0 661,090_ 827,180 RPTTF
3 Tax Allocation Bonds Bond Holders 2005 Merged TA.Bonds 18 581,199 349,428 174,713 Cay Advance 0 0 0 0 0 174,713, 349,426 RPTTF
4 Light Fund Advance Light end Water 577-645 Foothill/Krems Site 1,690,330 52,652 13,163 0 0 0 13,163 13,183 13,183 52,652 RPTTF
5 Light Fund Advance Light andWater Autodealership 8984,299 83,228 20,807 0 0 0 20,807 20,807 20,807 83,228 RPTTF
6 Water Fund Advance Light and Water 819621 N.Azusa(Tetley Bldg) 258,835 7,490 0 0 0 0 3,745 3,745 0 7,490 RPTTF
7 Reimb Agreement City of Azusa Reimb Agrmt2003 Behoving COP's(APFA) 4,141,158 363,850 61,925 Cay Advance 0 0 0 0 0 301,925 363,850 RPTTF
8 Housing Bonds Bond Holders 2008 Series B Housing TABonds 24,995,744_, 880,708 375,354 City Advance 0 0 0 0 0 505,354 880 708 RPTTF
9 Tax Allocation Bonds Bond Holders 2007 Series A Tax Allocation Bonds - 27511,925 1,290,046 430,023 City Advance 0 0 0 0 0 860,023 1,290046 RPTTF
10 Tax Allocation Bonds Bond Holders 2007 Series B Tax Allocation Bonds 8,383,855_ 323,444 114,222 City Advance 0 0 0__ 0 0 209,222_ 323,444 RPTTF
11 LMI-Advenoe RDw M
A Lood.Funa 0 0 0 0 0 0 0 0 0_ 0
12 Water Fund Advance Light end Water $4508/Azusa&1st Reader Brd 499,425 0 0 0 0 0 0 0 0 0 Other
13 ca6kaG
ol-Ruropacetler Fairytale-Carriages W4ateaNA
WsayFiaefs 0 0 0 0 0 0 0 0 0_ 0
14 Employee Costs Employees of Agency Payroll for employees 65,495 50,809 50,809 0 0 0 0 0 0 50,809 RPTTF
15 Arbitrage Compliance Arbitrage Compliance Specialists Arbitrage calculation for Bonds 2.775 2,775 2,000 0 775 0 0 0 0 2,775 RPTTF
16 Price/Costco Note HDL Goren&Cone Sales tax consulting&calculations 4,895 11,395 0 2,700 0 2,500 2,500, 2.495_ 1.200 11,395 Other
17 Property Tax Consulting HDL Caren&Cone Tax Increment end Pass through calculations 10,800 5,400 0 1,202_ 2,700 0 0 2,700 0 6,802 RPTTF
Totals-This Page(1) 120,713,545 4,828,391 1,655,600 3,902 3,475 2,500 40,215 42,910 3,078,991 4,827,593
Totels-Page 2 38,394,219 1,596,069 162,747 159,487 217,743 212,068 168,503 560,083 117,458 1,596,069
Toted-Other Obligations 0 0 0 0 0 0 0 0 0 0
Grand total-All Pages $ 159,107,764 $ 6,422,460 $ 1,818,347 5 183,389 5 221,218 5 214,568 $ 206,718 5 602,993 $ 3,190449 $ 6,423,662
(1)All payment amounts are estimates
Page 1 of 5
•
Name of Redevelopment Agency: City of Azusa Redevelopment Agency Page 2 of 2
Project Areas) Merged Central Business District 8 West End Project Area EXHIBIT B
RECOGNIZED OBLIGATION PAYMENT SCHEDULE Revised 04/23/12
Per AB 26-Section 34177
FISCAL YEAR 2011-2012
Total Outstanding Total Due During Payments by month
Project Name/Debt Obligation Payee Description Debt or Obligation Period Jan Feb Mar Apr May Jun Jul Total Source of Payment
18 Consulting Services Lance Soil 8 Lunghard Audit Services $ 11,000 $ 6,849 $ - $ 1,349 $ - $ - $ 5,500 $ - $ - $ 6,849 Redevelopment Prop Tax Trust Fund(RPTTF)
19 Bambinos FFE Bambino's Pizza Furniture Fixtures 8 Equipment Loan 7,690 0 0 0 0 0 0 0 0 0
20 ENA Agrmt Dtnwn North A2/A3 Lewis Retail Centers Potential Liquidated Damages 10,000 0 0 0 0 0 0 0 0 0
21 Redev Consulting Services Urban Futures Project Administration 14,800 14,800 14,800 0 0 0 0 0 0 14,800 RPTTF
22 Appy'^^I Se^^c^• RP Lau^Yn 0 0 0 0 0 0 0 0 0 0
23 Aptra--l Se^^^=• RP Lars-4n Pr^p App's,-al Sas Celle'Ave(BI<3T) 0 0 0 0 0 0 0 0 0 0
24 Oper CCcnvenant-Agnot _^°°°OC7rLL- 0 0 0 0 0 0 0 0 0 0
25 Gaviamwaen°at-Sewrse& LSA c P9-N'e C'•d^c,CQAYw'y 0 0 0 0 0 0 0 0 0 0
26 Caneu9ing-Segvas' NnpaaFSslenaea 0 0 0 0 0 0 0 0 0 0
27 ENA(Atlantis Garden) Mercy Housing Potential Liquidated Damages 50,000 50,000 0 50.000 0 0 0 0 0 50,000 RPTTF
28 ENA(Eaterprieej- Kal-Raeifiag �
gasasiates a4 0 0 0 0 0 0 0 0 0 0
29 DDA(9th/Alameda)Hang Proj City Ventures LLC Potential Liquidated Damages 25,000 0 0 0 0 0 0 0 0 0
30 DDA(Azusa/Arrow Hwy) The Charvat Family LLC Public Improvements 200,000 0 0 0 0 0 0 0 0 0 RPTTF
31 Cor mdWg-Sewiaec Atra^ti^Caren Repla^e-Pa^g P'^n 0 0 0 0 0 0 0 0 0 0
32 Contract Purchase Order E 8 L Services Repair of Agency Property 350 350 50 50 50 50 50 50 „50 350 RPTTF
33 Contra-- Order--OWw 0 0 0 0 0 0 0 0 0 0
34 Legal Services Best Best 8 Krieger Redevelopment Legal Counsel 233,331 163,174 17,064 2,083 10,695 33,333 33,333 33,333 33.333 163,174 RPTTF
35 Agency Operations Verizon Reader Board Monthly Utility Bill 875 875 125 125 125 125 125 125 125 875 Other
36 Agency Operations Verizon Cell Phone for Redev.Proj.Mgr. 100 100 100 0 0 0 0 0 0 100 RPTTF
37 Agency Operations Iron Mountain Monthly Records Storage 870 870 145 145 145 145 145 145 0 870 RPTTF
38 Pgensy-Oparatiens 0 0 0 0 0 0 0 0 0 0
39 Agency Operations AT&T Fax Machine 70 10 10 0 0 0 0 0 0 10 RPTTF
40 Agency-Operations _ 0 0 0 0 0 0 0 0 0 0
41 Agency Operations Llgpypd_Wstar rVoty _ . 0 0 0 0 0 0 0 0 0 0
42 Agensy"perationc Fad-Ea Package-Dot-wen, 0 0 0 0 0 0 0 0 0 0
43 DDA(Azusa/Arrow Hwy) AAJ Demolition of 17511 E.Arrow Hwy 48,288 48,288 750 1,215 27,778 16,545 0 0 0 48,288 RPTTF
44 Agency-Operations Office-Depot Orf^e^ppcs^ 0 0 0 0 0 0 0 - 0 0 0
45 Advertising- c,^r.r„Yu v^n^y n,a.,rv, 0 0 0 0 0 0 0 0 0 0
46 1 l Ban,. 0 0 0 0 0 0 0 0 0 0
47 Bond Administration Wells Fargo Bank Trustee Administration Charges 11,500 11,500 5,000 0 2,500 0 0 0 4,000 11,500 RPTTF
48 Continuing Disclosures Urban Futures Continuing Disclosures 9,250 9,250 0 0 0 0 0 9.250 0 9,250 RPTTF
49 �eR 0 0 0 0 0 0 0 0 0 0
50 Administrative Fees City of Azusa Successor Agency Administrative Fees 104,167 104,167 0 0 0 0 0 104,167 0 104,167 Administrative Cast Allowance
51 Insurance Fees/Premiums ICRMA Insurance-Liability Coverage 10.000 10,000 0 0 0 0 0 10,000 0 10,000 RPTTF
52 P•opedy Ta-se Va^¢n Pr^paMy Ta-es Forme,T^rant 0 0 0 0 0 0 0 0 0 0
53 Price Company Developer Agreement Price Family Sales Tax Allocation Note 11,956,758 599,270 0 0 70,600 154,470 120,600 179,500 74,100 599,270 Other
54 Sales Tax Allocation Note City of Azusa Sales Tax Allocation Note 1,653,710 311,710 79,400 99,100 100,450 0 0 32,760 311,710 Other
55 Note Payable-Price City of Azusa Sales Tax Due City _ 22,413,744 0 0 0 0 0 0 0 0 0 Other
56 SERAF-FY 2010-11 Loan Light and Water FY 2010-11 SERAF Payment to State 520,248 0 0 0 0 0 0 0 0 0
57 Harlan Lee Project(formerly Coastfed/Casden) Light and Water Low•Mod Income Housing advance 926,765 185,353 0 0 0 0 0 185,353 0 185,353 RPTTF
58 Unemployment Benefits EDD Unempl.benefit costs to former RDA employees 140,400 34,200 0 5,400 5,400 5,400 6,750 5,400 5,850 34,200 RPTTF
59 Termination Costs Former Employees Termination costs to former RDA employees 45,303 45,303 45,303 0 0 0 0 0 0 45,303 RPTTF
•
Totals-This Page(1) 9 38,394,219 $ 1,596,069 $ 162,747 $ 159,467 $ 217,743 $ 212,068 $ 166,503 $ 560,083 $ 117,458 $ 1,596,069
(1)All payment amounts are estimates
Page 2 of 5
Name of Redevelopment Agency. Azusa Redevelopment Agency Page 1 of f
Project Area(s) Merged Central Business District 8 West End Project Area EXHIBIT B
OTHER RECOGNIZED OBLIGATION PAYMENT SCHEDULE Revised 04/23/12
Per AB 26-Section 34177
FISCAL YEAR 2011-2012
Total Outstanding Total Due During Payments by month
Project Name/Debt Obligation Payee Description Debt or Obligation Period Jan Feb Mar Apr May Jun Jul Total Source of Payment
1)Pa-o Thr'ugh $ - $ - $ - $ - $ - $ - 3 - 8 - $ $5
2)pas-Thrmgp - - 0 0 0 0 0 0 0 0 0 0
3) 0
4) _ 0
5) - 0
6) 0
7) 0
8) 0
9) 0
10) — 0
11) 0
12) 0
13) - 0
14) 0
15) 0
16) _ 0 -
17) 0
18) 0
19) 0
-
20) 0
21) 0
22) 0
23) 0
24) 0
25) 0
26) 0
27) 0
28) — 0
(Totals-Other Obligations(1) I$ -I$ -I$ -I$ -1$ -I$ -I$ -I$ -I$ -I$ -
(1)All payment amounts are estimates.
Page 3 of 5
•
Name of Redevelopment Agency: Azusa Redevelopment Agency Page 1 of 1
ProjectArea(s) EXHIBIT B
Ranch Center Project Area
RECOGNIZED OBLIGATION PAYMENT SCHEDULE Revised 04123/12
PER AB 26-Section 34177
FISCAL YEAR 2011-2012
Total Outstanding Total Due During Payments by month
Project Name/Debt Obligation Payee Description Debt or Obligation Period Jan Feb Mar Apr May Jun Jul Total Source of Payment
1 L&W Enterprise Loan Light and Water 25-Year Secured Note-Revolving $ 2,128,868 $ 151,445 $ - $ - $ - $ - $ - $ 151,445 $ - $151,445 Redevelopment Prop Tax Trust Fund(RPTTF)
2 City Loan City of Azusa 1990 APFA City Lease Loan Drawdown 5,187,363 125,590 0 0 00 0 125,590 0 125,590 RPTTF
3 Sales Tax Reimbursement City of Azusa Sales Tax Due City 1,508,508 15,880 0 0 00 0 15,880 0 15,880 Other
4 L8W Enterprise Loan Light and Water Advance/Rehabilitation Improvements 1,902,066 77,715 0 0 00 0 77,715 0 77,715 RPTTF
5 SERAF-FY 2010-11 Loan Light and Water FY 2010-11 SERAF Payment to State 8,924 8,924 0 0 00 0 8.924 0 8,924 RPTTF
6 Administrative Fees City of Azusa Successor Agency Administrative Fees 10,910 10,910 00 0 0 0 10,910 0 10,910 Administrative Allowance
7
8
0
9
0
10
0
0
11
12
0
0
13
14
0
0
15
0
16
0
17
0
18
19
0
20
0
21
0
22
0
23
0
24 •
0
25 ,
0
26
0
0
27
0
28
29
0
30
0
0
Totals-This Page $ 10,746.639 $ 390,464 $ - $ - $ - $ - $ - $ 390,464 $ - $ 390,464
Totals-Other Obligations $ - $_.___.__._'_.._,$ - $ - $ - $ - $ - $ - $ - $S. -
Grand total-All Pages 1 $ 10,746,639 $ 390,464 $ - $ - $ - $ - $ - $ 390,464 $ - $ 390,464
(1)All payment amounts are estimates.
Page 4 of 5
Name of Redevelopment Agency Azusa Redevelopment Agency Page 1 of t
EXHIBIT B
Project Area(s) Ranch Center Project Area
OTHER RECOGNIZED OBLIGATION PAYMENT SCHEDULE Revised 04/23/12
PER AB 26-Section 34177
FISCAL YEAR 2011-2012
Total Outstanding Total Due During Payments by month
Project Name/Debt Obligation Payee Description Debt or Obligation Period Jan Feb Mar Apr May Jun Jul Total Source of Payment
1) Azusa Unified- Pass-Through $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
2) Ciuuu College P cc T rough 0 0 0 0 0 0 0
3) LACounty A Through 0 0 0 0 0 0 0
4)
5)
6)
7)
8)
9)
10)
11)
12)
13) •
14)
15)
16)
17)
18)
19)
20)
21).
22)
23)
24)
25)
26),
27)
28)
ITotals-Other Obligations(1) I$ - I$ - I$ - I$ - I$ - I$ - I$ - I$ - I$ - I$ -
(1)All payment amounts are estimates.
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 AMENDED
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
PURSUANT TO AB 1X 26
WHEREAS, because Successor Agency of the former Redevelopment Agency of the City of
Azusa ("Agency") adopted the "Recognized Obligation Payment Schedule" ("ROPS"), Resolution No.
12-R14, dated April 2, 2012, and is operative from July 2012 through December 31, 2012, the
previously adopted ROPS needs to be amended so that the Agency may continue to meet the Agency's
enforceable obligations, all as required by Health and Safety Code section 34169, and
WHEREAS, all other legal prerequisites to the adoption of this Resolution have occurred.
NOW, THEREFORE, BE IT RESOLVED, determined and ordered by the Successor
Agency of the former Redevelopment Agency of the City of Azusa, as follows:
Section 1. Recitals. The Recitals set forth above are true and correct and are incorporated
into this Resolution by this reference.
Section 2. CEQA Compliance. The amendment of the ROPS through this Resolution
does not commit the Agency to any action that may have a significant effect on the environment. As a
result, such action does not constitute a project subject to the requirements of the California
Environmental Quality Act. The Agency Secretary is authorized and directed to file a Notice of
Exemption with the appropriate official of the County of Los Angeles, California, within five (5) days
following the date of adoption of this Resolution.
Section 3. Approval of Amended ROPS. The Agency hereby approves and adopts the
amended ROPS, in substantially the form attached to this Resolution as Exhibit B, so that the Agency
may continue to meet its enforceable obligations, all as required by Health and Safety Code section
34169, during the time period from July 1, 2012 through December 31, 2012. The Agency reserves
the right to further amend the ROPS in the future to make the ROPS more accurate.
Section 4. Posting; Transmittal to Appropriate Agencies. The Executive Director is
hereby authorized and directed to post a copy of the ROPS on the City's website. The Executive
Director is further authorized and directed to transmit notice, by mail or electronic means, to the Los
Angeles County Auditor-Controller, the State Controller and the State Department of Finance,
providing the website location of the posted ROPS and other information as required by AB 1X 26
regarding the Agency's adoption of the amended ROPS.
Section 5. Effectiveness. Agency approval of the amended ROPS pursuant to this
Resolution shall not be effective for three (3) business days following the date of adoption of this
Resolution, in accordance with Health and Safety Code Section 34169.
PASSED AND ADOPTED at a regular meeting of the Redevelopment Agency of the City of
Azusa on the day of April, 2012, by the following vote:
AYES:
NAYS:
ABSENT:
ABSTAIN:
Chair
ATTEST:
Secretary
EXHIBIT C
AMENDED RECOGNIZED OBLIGATION PAYMENT SCHEDULE
[Attached behind this page]
Name of Redevelopment Agency: City of Azusa Redevelopment Agency Page 1 of 2
Project EXHIBIT C
I O Merged Central Business District&West End Project Area
RECOGNIZED OBLIGATION PAYMENT SCHEDULE 04/23/12
Per AB 26-Section 34177
FOR THE FIRST SIX MONTHS OF FISCAL YEAR 2012-2013
Total Outstanding Total Due During Payments by month
Project Name/Debt Obtgation Payee Description Debt or Obligation Period Jul 2012 Aug Sept Oct Nov Dec Total Source of Payment
1 Tax Allocation Bonds Bond Holders 2008 Series A Merged T.A.Bonds $ 13,550,656 $ 328,694 $ 328,694 $ - $ - $ - $ - $ - $ 328,694 Redevelopment Prop Tax Trust Fund(RPTTF)
2 Tax Allocation Bonds Bond Holders 2003 Merged T.A.Refunding Bonds 10,226,106 661,090 661,090 - - - - - 661,090 RPTTF
3 Tax Allocation Bonds Bond Holders 2005 Merged T.A.Bonds 18,856,081 174,713 174,713 - - - - - 174,713 RPTTF
4 Light Fund Advance Light and Water Advance/577-645 Foothill/Krems Site 2,585,604_ 229,831 229,831 - - - - - 229,831 RPTTF
5 Light Fund Advance Light and Water City Adv./Autodealership 9,629,810 262,790 - - - 262,790 - - 262.790 RPTTF
6 Water Fund Advance Light end Water City AdvJ619-627 N.Azusa(Talley Bldg) 196,779 7,611 7,811 - - - - - 7,611 RPTTF
7 Reimb Agreement City of Azusa Reimb Agrmt2003 Refunding COP's 3,255,000 301,925 301,925 - - - - - 301,925 RPTTF
8 Housing Bonds Bond Holders 2008 Series B Housing TA.Bonds 22,202,236 505,354 505,354 - - - - - 505,354 RPTTF
9 Tex Allocation Bonds Bond Holders 2007 Series A Tax Allocation Bonds 25,802,123 860,023 860,023 - - - - - 860,023 RPTTF
10 Tax Allocation Bands Bond Holders 2007 Series B Tax Allocation Bonds 7,950,406 209,222 209,222 - - - - - 209,222 RPTTF
11 WI-Advance ROA-6amMod-Fund 0 0 - - - - - - -
12 Water Fund Advance Light and Water City Adv./$450k/Azusa&1st Reader Brd 499,425 49,943 - - - - - 49,943 49,943 Other
13 Arbitrage Compliance Arbitrage Compliance Spedatists Arbitrage calculation for Bonds 6,700_ 5,325 - - 3,325 - - 2,000 5,325 RPTTF
14 Pie H06-C0rea-&-Cone- 0 0 - - - - - - -
15 Property Tee Consulting HDL Corea&Cone' Tax Increment Audit Services 11,000 5,500 - - 2,750 - - 2,750 5,500 RPTTF
Totals-This Page(1) 114,571,326 3,802,021 3,278,463 0 6,075 262,790 0 54,693 3,602,021
Totals-Page 2(1) 38,381,246 1,277,279 187,580 479,835 271,185 96,735 32,085 203,675 1,271.095
Totals-Other Obligations 0 0 0 0 0 0 0 0 0
Grand total-All Pages $ 152,952,572 $ 4,879,300 1$ 3,466,043 $ 479,835 $ 277,260 $ 359,525 $ 32,085 $ 258,368 I$ 4,873,116
(1)All payment amounts are estimates
Page 1 of 5
Name of Redevelopment Agency: City of Azusa Redevelopment Agency Page 2 of 2
EXHIBIT C
Project Area(s) Merged Central Business District&West End Project Area
RECOGNIZED OBLIGATION PAYMENT SCHEDULE 04/23/12
Per AB 26-Section 34177
FOR THE FIRST SIX MONTHS OF FISCAL YEAR 2012-2013
Total Outstanding Total Due During Payments by month
Project Name/Debt Obligation Payee Description Debt or Obligation Period Jul2012 Aug Sept Oct Nov Dec Total Source of Payment
18 Consulting Services Lance Soli&Lunghard Audit Services $ 11,000 $ 5,500 $ 5,500 $ - $ - $ - $ - $ - $ 5500 Redevelopment Prop Tax Trust Fund(RPTTF)
19 Bambinos FFE Bambino's Pizza Furniture Fixtures&Equipment Loan 7,690 3545 3.845 - - - - - 3,845 RPTTF
20 ENA Agrmt Dtnwn North A2/A3 Lewis Retail Centers Potential Liquidated Damages 10,000 10,000 - - - - 10,000 - 10,000 RPTTF
21 Redev Consulting Services Urban Futures Bond Disclosures 10,000 - - 10,000_ - - - - 10,000 RPTTF
22 LSA _ - - - - - - -
23 ConsWling-Services Impart-Saeases Atlantis'erten spcsiR^Plan _ - - - - - - - -
24 DDA(9th/Alameda)Hsng Proj City Ventures LLC Potential Liquidated Damages 25,000 25,000 - 25,000 - - - - 25,000 RPTTF
25 DDA(Azusa/Arrow Hwy) The Charnel Family LLC Public Improvements 200,000 200,000 - 200,000 - - - - 200,000 RPTTF
26 Contract Purchase Order E&L Services Repair of Agency Property 600 300 50 50 50 50 50 50 300 RPTTF
27 Legal Services Best Best&Krieger Redevelopment Legal Counsel 233,331 90.000 15,000 15,000 15,000 15,000 15,000 15.000 90,000 RPTTF
28 Agency Operations- Verizon Reader Board Monthly Utility Bill 2,000 840 140 140 140 140 140 140 840 Other
29 Agency Operations Iron Mountain Monthly Records Storage 2,000 870 145 145 145 145 145 145 870 RPTTF
30 Bond Administration Wells Fargo Bank Trustee Administration Charges 18,000 9.000 4,000 - - - - 5.000 9,000 RPTTF
31 Administrative Allocation City of Azusa Successor Agency Administrative Allocation 240,000 118.996 - - - - - 118,996 118.996 Administrative Allowance
32 Insurance Fees/Premiums ICRMA Insurance-Liability Coverage 10,000 10.000 - - - - - 10,000 10.000 RPTTF
33 Price Company Developer Agreement Price Family Sales Tax Allocation Note 11.956,758 425,100 74,100 125,000 150,000 76.000 - - 425.100 Other
34 Sales Tax Allocation Note City of Azusa Sales Tax Allocation Note 1,653,710 311,710 79,400 99,100 100,450 - - 32,760 311.710 Other
35 Note Payable-Price City of Azusa Sales Tax Due City 22,413,744 - - - - - - - - Other
36 SERAF-FY 2010-11 Loan Light and Water FY 2010-11 SERAF Payment to State 520,248 32,368 - - - - - 16,184 16,184 RPTTF
37 Unemployment Benefits EDD Unempl.benefit costs to former RDA employees 140,400 33,750 5,400 5,400 5,400 5,400 r, 6,750 5,400 33,750 RPTTF
38 Harlan Lee Project(formerly Coastfed/Carden) Ught and Water Low-Mod Income Housing advance 928,765 - - - - - - - - RPTTF
39 -
Totals-This Page(1) $ 38,381,246 $ 1.277,279 $ 187,580 $ 479,835 $ 271,185 $ 96,735 $ 32,0851$ 203,675 $ 1.271095
(1)All payment amounts are estimates
Page 2 of 5
Name of Redevelopment Agency: Azusa Redevelopment Agency Page 1 of i
Project Area(s) EXHIBIT C
Merged Central Business District 8 West End Project Area
OTHER RECOGNIZED OBLIGATION PAYMENT SCHEDULE 04/23/12
Per AB 26-Section 34177
FOR THE FIRST SIX MONTHS OF FISCAL YEAR 2012-2013
Total Outstanding Total Due During Payments by month
Project Name/Debt Obligation Payee Description Debtor Obligation Period Jul 2012 Aug Sept Oct Nov Dec Total Source of Payment
1)Pass-Tpreugp $ - $ - $ - $ - $ - $ - $ - $ - $
-
2)Pass-Through _.,. ..:...:.. ..... 0
-
—
4) -
5) -
-
6)
7) -
8) -
9) _
-
10)
11) -
12) -
13) -
14)
—
15) -
16)
17) -
6) -
-
19)
20)
21) -
-
22) -
23)
24) -
25) _
26) -
-
27)
28)
'Totals-Other Obligations(1) Is -Is -Is -Is -Is -Is -Is -Is -Is -
(1)All payment amounts are estimates.
Page 3 of 5
Name of Redevelopment Agency: Azusa Redevelopment Agency EXHIBIT C Page 1 of 1
Project Area(s) Ranch Center Project Area
RECOGNIZED OBLIGATION PAYMENT SCHEDULE 04/23/12
Per AB 26-Section 34177
FOR THE SIX MONTHS OF FISCAL YEAR 2012-2013
Total Outstanding Total Due During Payments by month
Project Name/Debt Obligation Payee Description Debt or Obligation Period Jul 2012 Aug Sept Oct Nov Dec Total Source of Payment
1 City L&W Enterprise Loan Light and Water 25-Year Secured Note-Revolving $ 1,469,254 367,312 $ - $ - $ - $ - $ - $ 367,312 $ 367,312 Redevelopment Prop Tax Trust Fund(RPTTF)
2 City Loan/Debt Obligation(Bond) City of Azusa 1990 APFA Bond City Lease Loan Drawl 5,187,363 207,495 - - - - - 207,495 207,495 RPTTF
3 Sales Tax Reimbursement City of Azusa Sales Tax Due City 1,508,508 52,798 - - - - - 52,798 52,798 Other
4 City L&W Enterprise Loan Light and Water Advance/Rehabilitation Improvements 1,902,066 77,715 - - - - - 77,715 77,715 RPTTF
5 SERAF-FY 2010-11 Loan Light and Water FY 2010-11 SERAF Payment to State 8,713 272 - - - - - - 272 272 RPTTF
6 Administrative Allocation City of Azusa Successor Agency Administrative Alloc 40,000 19,584 19,584 19,584 Administrative Allowance
7 0
8 0
9 0
10 0
110
12 0
13 0
14 0
15 0
16 0
17 0
18 0
19 0
20 0
21 0
22 0
23 0
-
24 0
25 0
26 _ 0
27 0
28 0
29 _ 0
300
Totals-This Page $ 10,115,904 $ 725,176 $ - $ - -$ - $ - $ - $ 725,176 $ 725,176
Totals-Other Obligations $ - $ - $ - $ - $ - $ - $ - $ - $ -
Grand total-All Pages(1) - 10,115,904 1$ 725,176,$ $ - $ - i$ - $ - 1$ 725,176 $ 725,176
(1)All payment amounts are estimates.
Page 4 of 5
Name of Redevelopment Agencl Azusa Redevelopment Agency Page 1 of 1
Project Area(s) EXHIBIT C
1 Ranch Center Project Area
OTHER RECOGNIZED OBLIGATION PAYMENT SCHEDULE 04/23/12
Per AB 26-Section 34177
FOR THE SIX MONTHS OF FISCAL YEAR 2012-2013
Total Outstanding Total Due During Payments by month
Project Name/Debt Obligation Payee Description Debt or Obligation Period Jul 2012 Aug Sept Oct Nov Dec Total Source of Payment
1) Azusa-Unified- Pass-Through $ - $ - $ - $ - $ - $ - $
2) Citrus-College Pass-Through3) LA-County Admin-Pass-Through - - - -4)
5)
6)
7)
8)
9)
10)
11)
12)
13)
14)
15)
16)
17)
18)
19)
20)
21)
22)
23)
24)
25)
26)
27)
28)
'Totals-Other Obligations(1) I$ - I$ - I$ • I s • I s - I$ - I$ - I$ • I$
(1)All payment amounts are estimates.
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