Successor Agency
to the Redevelopment Agency of the City of Placentia
TO: SUCCESSOR AGENCY
VIA: CITY ADMINISTRATOR/EXECUTIVE DIRECTOR
FROM: SUCCESSOR AGENCY STAFF
DATE: JANUARY 9, 2024
AGENDA REPORT
SUBJECT: RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 24-25) FOR JULY 1, 2024 THROUGH JUNE 30, 2025 AND LAST AND FINAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR FISCAL YEAR 2024-25 THROUGH 2032-33
FISCAL
IMPACT: RPTTF FUNDED NON -ADMIN OBLIGATIONS: $1,439,670 RPTTF FUNDED ADMINISTRATIVE OVERHEAD: $ 50,000
TOTAL ROPS 24-25 EXPENDITURE REQUEST: $1,489,670
SUMMARY:
Pursuant to Health and Safety Code ("HSC") 34177 (I), successor agencies are required to prepare and submit a Recognized Obligation Payment Schedule ("ROPS") detailing each enforceable obligation that requires property tax revenue to satisfy debt of the former Redevelopment Agency for a twelve-month reporting period. This action respectfully requests the Successor Agency's review and approval of the Last and Final ROPS for Fiscal Year 2024-25 through 2032-33. A Last and Final ROPS is beneficial to the Successor Agency as it provides an avenue for the near automation of the ROPS process. Agencies that submit and receive approval for a Last and Final ROPS no longer have to undergo the annual ROPS process, which reduces the administrative burden on the Successor Agency, Oversight Board, County Auditor Controller, and DOF. However, the Annual ROPS 24-25 must be submitted concurrently with the Last and Final ROPS. This ensures the Successor Agency receives funding for the next period in the event the Last and Final ROPS is not approved.
RECOMMENDATION:
It is recommended that the Successor Agency take the following actions:
1. Approve Resolution RSA -2024-01, a Resolution of the City Council of the City of Placentia, California, acting as the Successor Agency to the Redevelopment Agency of the City of Placentia, California approving and adopting the Recognized Obligation Payment Schedule for the period of July 1, 2024 to June 30, 2025 (ROPS 24-25); and
2. Approve Resolution RSA -2024-02, a Resolution of the City Council of the City of Placentia, California, acting as the Successor Agency to the Redevelopment Agency of the City of Placentia, California approving and adopting the Last and Final Recognized Obligation Payment Schedule for the period of July 1, 2024 to June 30, 2033.
1.g.
Jan 09, 2024
City Council/Successor Agency Agenda
January 9, 2024
Page2of2
DISCUSSION:
Pursuant to HSC 34177 (I), the Successor Agency is required to prepare a ROPS that identifies the enforceable obligations of the former Redevelopment Agency and the sources of funds for the repayments. ROPS 24-25, covering the period of July 1, 2024 through June 30, 2025, must be approved by the Countywide Oversight Board of the County of Orange ("Countywide Oversight Board") and submitted to the State Department of Finance ("DOF") no later than February 1, 2024.
The Successor Agency requests approval of its Last and Final Recognized Obligation Payment Schedule for FY 2024-25 through 2032-33 ("Last and Final ROPS") subject to submittal to and review by the State Department of Finance ("DOF").
Pursuant to Health and Safety Code section 34191.6, successor agencies may submit a Last and Final ROPS for approval at any time if all of the following conditions are met:
1) the remaining debt is limited to administrative costs and payments pursuant to enforceable obligations with defined payment schedules, 2) all remaining obligations have been previously listed on a ROPS and approved for payment by DOF pursuant to HSC Section 34177, and
3) the Successor Agency is not party to outstanding or unresolved litigation.
The Successor Agency meets all the conditions to submit a Last and Final ROPS.
A Last and Final ROPS is beneficial to the Successor Agency as it provides an avenue for the near automation of the ROPS process. Agencies that submit and receive approval for a Last and Final ROPS no longer have to undergo the annual ROPS process, which reduces the administrative burden on the Successor Agency, Oversight Board, County Auditor Controller, and DOF. However, the Annual ROPS 24-25 must be submitted concurrently with the Last and Final ROPS. This ensures the Successor Agency receives funding for the next period in the event the Last and Final ROPS is not approved.
The Countywide Oversight Board meeting will be held on Tuesday, January 23, 2024 and submitted to the DOF prior to February 1, 2024. Pursuant to Health and Safety Code 34177(m), the DOF has 45 days from submission after Countywide Oversight Board approval to review the ROPS and object to any enforceable obligations. If the ROPS is not submitted by the deadline, the City is subject to a $10,000 fine for every day the ROPS is late and the administrative cost allowance for the Successor Agency is reduced by 25% after 10 days. At this time, Staff has prepared the ROPS 24-25 and the Last and Final ROPS for the Successor Agency Board's review and approval.
City Council/Successor Agency Agenda
January 9, 2024
FISCAL IMPACT:
Proposed ROPS 24-25 expenditures to be paid from the Redevelopment Property Tax Trust Fund (RPTTF) total $1,489,670. Non -administrative enforceable obligations total $1,439,670 while the administrative overhead request totals $50,000. The administrative overhead request represents an approved allocation amount that the Successor Agency is authorized to receive pursuant to Health and Safety Code 34171. The proposed Last and Final ROPS includes the scheduled debt payment for all enforceable obligations through June 30, 2033.
Prepared by:
'Brian Mi2nCrief
Staff to Successor Agency
Reviewed and approved:
en in ter Lampman
Director of Finance
Reviewed and approved:
Jeanriette Ortega
Deputy Director of Administrative Services
Reviewed and approved:
Damien-R—Arru a
City Administrator/Executive Director
Attachments:
1. Successor Agency Board Resolution RSA -2024-01 — Approving and Adopting the ROPS for 2024-25
2. Exhibit A Recognized Obligation Payment Schedule for July 1, 2024 to June 30, 2025 (ROPS 24-25)
3. Successor Agency Board Resolution RSA -2024-02 — Approving and Adopting the Last and Final ROPS
4. Exhibit A Last and Final Recognized Obligation Payment Schedule for July 1, 2024 to June 30, 2033
RESOLUTION NO. RSA -2024-01
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PLACENTIA, CALIFORNIA, ACTING AS THE SUCCESSOR
AGENCY TO THE REDEVELOPMENT AGENCY OF THE
CITY OF PLACENTIA, APPROVING AND ADOPTING THE
RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR
THE PERIOD OF JULY 1, 2024 TO JUNE 30, 2025 (ROPS
24-25)
A. Recitals.
(i) On December 29, 2011, the California Supreme Court delivered its decision in California Redevelopment Association v. Matosantos, finding ABx1 26 ("Dissolution Act") largely constitutional.
(ii) The Dissolution Act and the California Supreme Court's decision in California Redevelopment Association v. Matosantos, all California redevelopment agencies, including the Redevelopment Agency for the City of Placentia ("former Agency"), were dissolved on February 1, 2012.
(iii) On January 17, 2012, the Placentia City Council adopted Resolution No. R- 2012-03 accepting for the City, the role of Successor Agency to the former Redevelopment Agency ("Successor Agency").
(iv) California Health and Safety Code § 34177 provides that before each twelve- month fiscal period, successor agencies to former redevelopment agencies must prepare a Recognized Obligation Payment Schedule ("ROPS") for the enforceable obligations of a former redevelopment agency. The next twelve-month period for which a ROPS is required is the period that commences on July 1, 2024 and ends on June 30, 2025 ("ROPS 24-25").
(v) The City Council, in its capacity as the Successor Agency, desires to adopt this Resolution approving the ROPS 24-25 in accordance with California Health and Safety Code § 34177, which covers the twelve-month fiscal period that commences on July 1, 2024 and ends on June 30, 2025.
(vi) All legal prerequisites to the adoption of this Resolution have occurred.
Resolution RSA -2024-01 ATTACHMENT 1
B. Resolution.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLACENTIA,
CALIFORNIA, ACTING AS THE SUCCESSOR AGENCY TO THE REDEVELOPMENT
AGENCY OF THE CITY OF PLACENTIA, DOES HEREBY FIND, DETERMINE AND RESOLVE AS FOLLOWS:
1. In all respects as set forth in the Recitals, Part A., of this Resolution.
2. The City Council, acting in its capacity as the Successor Agency, approves and authorizes transmittal of the ROPS 24-25, covering the period of July 1, 2024 through June 30, 2025, in substantially the form attached hereto as Exhibit "A", as required by State law.
3. In retaining the responsibilities of the Redevelopment Agency of the City of Placentia as provided in California Health and Safety Code § 34177, the City Council expressly determines, recognizes, reaffirms, and ratifies the statutory limitation on the City and the City Council's liability in retaining the responsibilities of the Redevelopment Agency of the City of Placentia under AB X1 26, AB 1484, and SB 107. Nothing in this Resolution shall be construed as a commitment, obligation, or debt of the City or any resources, funds, or assets of the City to fund the City's service as the Successor Agency to the Redevelopment Agency of the City of Placentia as provided in this Resolution.
4. The City Administrator, or his designee, hereby is authorized and directed to submit the ROPS 24-25 set forth in Exhibit "A" to the Oversight Board for approval and transmittal to all required County and State agencies as well as to post the ROPS 24-25 on the Successor Agency's website.
PASSED, APPROVED and ADOPTED THIS 9TH DAY OF JANUARY 2024.
Jeremy Yamaguchi, Chairman
ATTEST:
Robert McKinnell, Agency Secretary
Resolution RSA -2024-01 ATTACHMENT 1
I, Robert McKinnell, Secretary of the Successor Agency to the Redevelopment Agency of the City of Placentia do hereby certify that the foregoing Resolution No. RSA -2024-01 was adopted at a regular meeting of the City Council acting as the Successor Agency to the Redevelopment Agency of the City of Placentia held on the 10th day of January 2024 by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
Councilmembers:
Councilmembers:
Councilmembers:
Councilmembers:
Robert McKinnell, Agency Secretary
APPROVED AS TO FORM:
Christian L. Bettenhausen, General Counsel
Resolution RSA -2024-01 ATTACHMENT 1
Exhibit A:
Recognized Obligation Payment Schedule for July 1, 2024 to June 30, 2025 (ROPS 24-25)
(SEE STAFF REPORT ATTACHMENT 2)
Recognized Obligation Payment Schedule (ROPS 24-25) - Summary Filed for the July 1, 2024 through June 30, 2025 Period Successor Agency: Placentia
County: Orange
Current Period Requested Funding for Enforceable
Obligations (ROPS Detail)
A Enforceable Obligations Funded as Follows (B+C+D)
B Bond Proceeds
C Reserve Balance
D Other Funds
E Redevelopment Property Tax Trust Fund (RPTTF) (F+G)
F RPTTF
G Administrative RPTTF
H Current Period Enforceable Obligations (A+E)
Certification of Oversight Board Chairman:
24-25A Total
(July -
December)
$ -
24-25B Total
(January -
June)
$ -
ROPS 24-25
Total
$
$ 579,686 $ 909,984 $ 1,489,670
554,686 884,984 1,439,670
25,000 25,000 50,000
$ 579,686 $ 909,984 $ 1,489,670
Name
Pursuant to Section 34177 (o) of the Health and Safety
code, I hereby certify that the above is a true and
accurate Recognized Obligation Payment Schedule for
the above named successor agency. /s/
Signature
Title
Date
Placentia
Recognized Obligation Payment Schedule (ROPS 24-25) - ROPS Detail July 1, 2024 through June 30, 2025
A B C D E F G H I J K L I M I N I 0 1 P 0 R I S I T I U I V W ROPS 24-25A (Jul - Dec) ROPS 24-25B (Jan -Jun)
Agreement Agreement Total ROPS
Item Project Name Obligation Execution Termination Payee Description Project Outstanding Retired 24-25 Fund Sources 24-25A I Fund Sources 24-25B # Type Date Date Area Obligation Total Bond Reserve Other RPTTF Admin Total Bond Reserve Other RPTTF Admin Total Proceeds Balance Funds RPTTF Proceeds Balance Funds RPTTF $9,870,633 $1,489,670 $- $- $- $554,686 $25,000 $579,6861 $- $- $- $884,984 $25,000 $909,984 4 2003 COPs Miscellaneous 06/01/ 01/01/2027 City of Amended & Merged 1,220,326 N $400,551 - - - 386,861 - $386,861 - - - 13,690 - $13,690 City 2022 Placentia Restated
Reimbursement Reimbursement
(Refunded by Agreement
2022 Lease
Agreement)
9 Trustee Fees Fees 07/01/ 08/01/2032 US Bank Trustee Fees Merged 20,250 N $2,250 - 2,250 - $2,250 - - $- 2014 for US Bank
bond proceed
holder
15 Administrative Admin Costs 07/01/ 08/01/2032 City of Allocated Merged 275,000 N $50,000 - - - 25,000 $25,000 - 25,000 $25,000 Overhead 2016 Placentia overhead for
SNOB
operations
19 Bond Fees 08/19/ 12/31/2032 Kosmont Continuing Merged 11,250 N $1,250 - - 1,250 - $1,250 - - - $-, Administration 2008 Transactions disclosure 2013
Services Bonds
29 2013 Tax Refunding 12/03/ 08/01/2032 US Bank 2013 Tax Merged 1,638,807 N $315,619 - - - 164,325 - $164,325 - - 151,294 - $151,294 Allocation Bonds Issued 2013 Allocation
Refund Bond After 6/27/12 Refund Bond
32 2013 Tax Reserves 12/03/ 08/01/2032 US Bank 2013 Bond Merged 6,705,000 N $720,000 - - $- - 720,000 - $720,000 Allocation 2013 Debt Service
Refund Bond Reserve
36 Real Property City/County 01/20/ 06/30/2023 City of Real Property Merged Y $- - - - $- - - - $- Transaction Loan (Prior 2009 Placentia Transaction
(312 S. 06/28/11), (312 S.
Melrose) Property Melrose)
between City of transaction between City of
Placentia and Placentia and
Redevelopment Redevelopment
Agency Agency
Placentia
Recognized Obligation Payment Schedule (ROPS 24-25) - Report of Cash Balances July 1, 2021 through June 30, 2022
(Report Amounts in Whole Dollars)
Pursuant to Health and Safety Code section 34177 (I), Redevelopment Property Tax Trust Fund (RPTTF) may be listed as a source of payment on the ROPS, but only to the extent no other funding source is available or when payment from property tax revenues is required by an enforceable obligation.
A B C ID I E IF IG H
Fund Sources
Bond Proceeds Reserve Balance Other Funds RPTTF
ROPS 21-22 Cash Balances Prior ROPS
(07/01/21 - 06/30/22) Bonds issued Bonds issued ResePTTF and Comments Reserve or before on or after Reserve Rent, grants, Non -Admin 12/31/10 01/01/11 Balances retained interest, etc. and Admin for future
period(s)
1 Beginning Available Cash Balance (Actual 07/01/21) 23 37,583 RPTTF amount should exclude "A" period distribution
amount.
2 Revenue/Income (Actual 06/30/22) 115 31,703 2,096,348 RPTTF amount should tie to the ROPS 21-22 total
distribution from the County Auditor -Controller
3 Expenditures for ROPS 21-22 Enforceable Obligations 9,482 1,970,275 (Actual 06/30/22)
4 Retention of Available Cash Balance (Actual 06/30/22) RPTTF amount retained should only include the amounts
distributed as reserve for future period(s)
5 ROPS 21-22 RPTTF Prior Period Adjustment No entry required 126,073 RPTTF amount should tie to the Agency's ROPS 21-22 PPA
form submitted to the CAC
6 Ending Actual Available Cash Balance (06/30/22) $- $138 CtoF=(1 +2-3-4), G=(1 +2-3-4-5)
$-
$59,804 $-
Placentia
Recognized Obligation Payment Schedule (ROPS 24-25) - Notes July 1, 2024 through June 30, 2025
Item # I Notes/Comments
4 2003 COP was refunded for savings by the 2022 Lease Agreement issed June 2022 9 15
19 29
32 36
RESOLUTION NO. RSA -2024-02
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PLACENTIA, CALIFORNIA, ACTING AS THE SUCCESSOR
AGENCY TO THE REDEVELOPMENT AGENCY OF THE
CITY OF PLACENTIA, APPROVING AND ADOPTING THE
LAST AND FINAL RECOGNIZED OBLIGATION PAYMENT
SCHEDULE FOR THE PERIOD OF JULY 1, 2024 TO JUNE
30, 2033
A. Recitals.
(1) On December 29, 2011, the California Supreme Court delivered its decision in California Redevelopment Association v. Matosantos, finding ABx1 26 ("Dissolution Act") largely constitutional.
(ii) The Dissolution Act and the California Supreme Court's decision in California Redevelopment Association v. Matosantos, all California redevelopment agencies, including the Redevelopment Agency for the City of Placentia ("former Agency"), were dissolved on February 1, 2012.
(iii) On January 17, 2012, the Placentia City Council adopted Resolution No.
R-2012-03 accepting for the City, the role of Successor Agency to the former Redevelopment Agency ("Successor Agency").
(iv) California Health and Safety Code § 34177 provides that before each twelve-month fiscal period, successor agencies to former redevelopment agencies must prepare a Recognized Obligation Payment Schedule ("ROPS") for the enforceable obligations of a former redevelopment agency.
(v) Health and Safety Code § 34177(0)(1) requires a Successor Agency to submit an oversight board approved ROPS to the State Department of Finance and the County Auditor Controller no later than February 1st of each year. (vi) Pursuant to Health and Safety Code § 34191.6, the Successor Agency may file a Last and Final Recognized Obligation Payment Schedule. (vii) If the Last and Final ROPS is approved by the State Department of Finance, the City would no longer need to prepare the annual ROPS. (viii) The City Council, in its capacity as the Successor Agency, desires to adopt this Resolution approving the Last and Final ROPS in accordance with California Health and Safety Code § 34191.6.
(ix) All legal prerequisites to the adoption of this Resolution have occurred.
Resolution RSA -2024-02 ATTACHMENT 2
B. Resolution.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLACENTIA,
CALIFORNIA, ACTING AS THE SUCCESSOR AGENCY TO THE REDEVELOPMENT
AGENCY OF THE CITY OF PLACENTIA, DOES HEREBY FIND, DETERMINE AND RESOLVE AS FOLLOWS:
1. In all respects as set forth in the Recitals, Part A., of this Resolution.
2. The City Council, acting in its capacity as the Successor Agency, approves and authorizes transmittal of the Last and Final ROPS, covering the period of July 1, 2024 through June 30, 2033, in substantially the form attached hereto as Exhibit "A", as required by State law.
3. In retaining the responsibilities of the Redevelopment Agency of the City of Placentia as provided in California Health and Safety Code § 34177, the City Council expressly determines, recognizes, reaffirms, and ratifies the statutory limitation on the City and the City Council's liability in retaining the responsibilities of the Redevelopment Agency of the City of Placentia under AB X1 26, AB 1484, and SB 107. Nothing in this Resolution shall be construed as a commitment, obligation, or debt of the City or any resources, funds, or assets of the City to fund the City's service as the Successor Agency to the Redevelopment Agency of the City of Placentia as provided in this Resolution.
4. The City Administrator, or his designee, hereby is authorized and directed to submit the Last and Final ROPS as set forth in Exhibit "A" to the Oversight Board for approval and transmittal to all required County and State agencies as well as to post the Last and Final ROPS on the Successor Agency's website.
PASSED, APPROVED and ADOPTED THIS 9TH DAY OF JANUARY 2024.
Jeremy Yamaguchi, Chairman
ATTEST:
Robert McKinnell, Agency Secretary
Resolution RSA -2024-02 ATTACHMENT 2
1, Robert McKinnell, Secretary of the Successor Agency to the Redevelopment Agency of the City of Placentia do hereby certify that the foregoing Resolution No. RSA -2024-02 was adopted at a regular meeting of the City Council acting as the Successor Agency to the Redevelopment Agency of the City of Placentia held on the 9th day of January 2024 by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
Councilmembers:
Councilmembers:
Councilmembers:
Councilmembers:
Robert McKinnell, Agency Secretary
APPROVED AS TO FORM:
Christian L. Bettenhausen, General Counsel
Resolution RSA -2024-02 ATTACHMENT 2
Exhibit A:
Last and Final
Recognized Obligation Payment Schedule for July 1, 2024 to June 30, 2033 (SEE STAFF REPORT ATTACHMENT 2)
Last and Final Recognized Obligation Payment Schedule (ROPS) - Summary Filed for the July 1, 2024 through June 30, 2033 Period Successor Agency: Placentia
County: Orange
Initial ROPS 24-25A
Period:
Final ROPS Period: 32-33B
Requested Funding for Enforceable Obligations Total Outstanding Obligation A Enforceable Obligations Funded as Follows (B+C) $-
B Bond Proceeds
C Other Funds
D Redevelopment Property Tax Trust Fund (RPTTF) (E+F) $9,791,940 E RPTTF 9,581,940
F Administrative RPTTF 210,000
G Total Outstanding Obligations (A+D) $9,791,940
Certification of Oversight Board Chairman:
Name Title
Pursuant to Section 34177 (o) of the Health and Safety
code, I hereby certify that the above is a true and
accurate Recognized Obligation Payment Schedule for
the above named successor agency. /s/
Signature
Date
ROPS Period
ROPS 24-25A
ROPS 25-26A
ROPS 26-27A
ROPS 27-28A
ROPS 28-29A
ROPS 29-30A
ROPS 30-31A
ROPS 31-32A
ROPS 32-33A
Placentia
Last and Final Recognized Obligation Payment Schedule (ROPS) - Summary by ROPS Period July 1, 2024 through June 30, 2033
A Period
July - December
Fund Sources
Bond Other RPTTF Admin
Proceeds Funds RPTTF
$- $- $2,114,540 $110,000
- 559,269 25,000
551,358 12,500
- 541,360 12,500
- 124,144 10,000
108,057 10,000
- 88,819 10,000
68,632 10,000
47,494 10,000
25,407 10,000
Six -Month
Total
$2,224,540
$584,269
$563,858
$553,860
$134,144
$118,057
$98,819
$78,632
$57,494
$35,407
B Period
January - June
ROPS Period Bond
Proceeds
Fund Sources
Other
Funds
RPTTF
Admin
RPTTF
Six -Month
Total
Twelve -Month
Total
$-
$-
ROPS 24-25B
ROPS 25-26B
ROPS 26-27B
ROPS 27-28B
ROPS 28-29B
ROPS 29-30B
ROPS 30-31B
ROPS 31-32B
ROPS 32-33B
$7,467,400
881,781
892,816
903,144
917,057
937,819
957,632
976,494
999,4071
1,2501
$100,000
25,000
12,500
12,500
10,000
10,000
10,000
10,000
10,000
$7,567,400
$9,791.940
$906,781
$1,491,050
$905,316
$1,469,174
$915,644
$1,469,504
$927,057
$1,061,201
$947,819
$1,065,876
$967,632
$1,066,451
$986,494
$1,065,126
$1,009,407
$1,066,901
$1,250
$36,657
A
Item
B
Project Name
4 2003 COPs City Reimbursement (Refunded by 2022 Lease
Agreement)
9 Trustee Fees
15 Administrative Overhead
19 Bond Administration
29 2013 Tax Allocation Refund Bond
32 12013 Tax Allocation Refund Bond
36 Real Property Transaction (312 S. Melrose) between City of Placentia and Redevelopment Agency
A L 1 M
24-25A (Jul -Dec)
Item
4 9
15 19
29 32
36 RPTTF
$559,269
392,694
2,250
164,325
P 1
24-25B (Jan -Jun)
Admin RPTTF
RPTTF
$25,000 $881,7811
9,237
1,2501
151,2941
720,0001
Admin
RPTTF
$25,000
Placentia
Last and Final Recognized Obligation Payment Schedule (ROPS) - ROPS Detail July 1, 2024 through June 30, 2033
(Report Amounts in Whole Dollars)
c
Obligation Type
Miscellaneous
Fees
Admin Costs
Fees
Refunding Bonds Issued After 6/
27/12
Reserves
City/County Loan (Prior 06/28/
11), Property transaction
T I U
25-26A (Jul -Dec)
RPTTF
$551,358
397,814
2,250
- 151,294
Admin
RPTTF
$12,500
X I Y
25-26B (Jan -Jun)
RPTTF
$892,816
4,672
1,2501
136,8941
750,000
Admin
RPTTF
$12,500
D E
Agreement Agreement
Execution Termination
Date Date
11/01/2003 01/01/2027
07/01/2014 08/01/2032
07/01/2016 08/01/2032
08/19/2008 12/31/2032
12/03/2013
12/03/2013
01/20/2009
08/01/2032
08/01/2032
06/30/2023
AB 1 AC
26-27A (Jul -Dec)
RPTTF
$541,360
402,216
2,250
- 136,894
Admin
RPTTF
$12,500
F
Payee
City of Placentia
1US Bank
City of Placentia
Kosmont
Transactions
Services
US Bank
US Bank
City of Placentia
AF 1 AG
26-27B (Jan -Jun)
RPTTF
$903,144
- 1,250
- 121,894
- 780,000
Admin
RPTTF
$12,500
G
Description
Amended & Restated Reimbursement Agreement
Trustee Fees for US Bank bond proceed holder
Allocated overhead for SA/OB operations
Continuing disclosure 2013 Bonds
2013 Tax Allocation Refund Bond
2013 Bond Debt Service Reserve
Real Property Transaction (312 S. Melrose) between City of Placentia and Redevelopment Agency
AJ 1 AK
27-28A (Jul -Dec)
RPTTF
$124,144
2,250
- 121,894
Admin
RPTTF
$10,000
AN 1 AO AR 1 AS
27-28B (Jan -Jun) 28-29A (Jul -Dec)
RPTTF
Admin
RPTTF
$917,057 $10,000 $108,057
RPTTF
1,2501
- 105,807
810,000
2,250
105,8071
Admin
RPTTF
$10,000
H
Project Total Outstaring
Area Obligation
1 $9,831,942
Merged 1,206,635
Merged 20,250
Merged 1 250,000
Merged 11,250
Merged 1,638,807
1 Merged 6,705,000
Merged
IA
Item
4 9
15 -
19 1,250
29 86,569
32 850,000
36 -
AV
AW
28-29B (Jan -Jun)
RPTTF
$937,8191
_1
_1
Admin
RPTTF
$10,000
AZ I BA BD
29-30A (JuI-Dec)
RPTTF Admin RPTTF
RPTTF
$88,8191 $10,000 $957,632
2,2501 -
BE BH 1 BI
30-31A (JuI-Dec) '
Admin RPTTF Admin
RPTTF RPTTF
29-308 (Jan -Jun)
86,569
1,250
- 66,382
- 890,000
$10,000 $68,632 $10,000
2,250 -
66,3821
BL 1 BM BP 1 BQ BT
30-31B (Jan -Jun)
RPTTF
$976,494
- 1,250
- 45,244
- 930,000
31-32A (Jul -Dec)
Admin RPTTF
RPTTF
$10,000 $47,4941
2,250
45,244
Admin
RPTTF
BU BX 1 BY • CB
32-33A (Jul -Dec) 32-338
(Jan -Jun)
31-32B (Jan -Jun)
RPTTF
$10,000 $999,407
1,250
23,157
- 975,000
Admin
RPTTF
$10,000
RPTTF Admin RPTTF
RPTTF
$25,4071 $10,000
2,250
$1,250
1,250