HomeMy WebLinkAboutSA RESO 2016-75RESOLUTION NO. 2016 — 75
RESOLUTION OF THE BOARD OF THE SUCCESSOR AGENCY
TO THE COMMUNITY DEVELOPMENT COMMISSION AS
THE NATIONAL CITY REDEVELOPMENT AGENCY ADOPTING
THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR
THE PERIOD JULY 1, 2016 THROUGH JUNE 30, 2017 (ROPS 16-17)
WHEREAS, the City Council established the Redevelopment Agency of the City
of National City (the "Redevelopment Agency") by Ordinance No. 1164, dated April 11, 1967;
and
WHEREAS, the City Council established the Housing Authority of the City of
National City (the "Housing Authority") by Ordinance No. 1484, dated October 14, 1975; and
WHEREAS, the City Council established the Community Development
Commission of the City of National City (the "CDC') by Ordinance No. 1484, dated October 14,
1975, and vested the CDC with all of the powers, duties, and responsibilities of both the
Redevelopment Agency and the Housing Authority, among other matters, for the purpose of
enabling the CDC to operate and govern the Redevelopment Agency and the Housing Authority
under a single board and as a single operating entity. The CDC acting in its capacity as the
Redevelopment Agency of the City of National City is referred to herein as the "CDC -RDA"; and
WHEREAS, all California redevelopment agencies, including the Redevelopment
Agency and the CDC -RDA, were dissolved on February 1, 2012, and successor agencies were
l designated and vested with the responsibility of winding down the business and fiscal affairs of
a/ the former redevelopment agencies; and
WHEREAS, pursuant to AB 26, the City Council adopted Resolution No. 2012-15
on January 10, 2012, electing to be the Successor Agency to the CDC -RDA. The Successor
Agency is a legal entity that exists separate and independent from the City. The Successor
Agency formally named itself the "Successor Agency to the Community Development
Commission as the National City Redevelopment Agency; and
WHEREAS, on February 1, 2012, all assets, properties, contracts, leases, books
and records, buildings and equipment of the Redevelopment Agency and the CDC -RDA were
transferred by operation of law to the control of the Successor Agency and all authority, rights,
powers, duties, and obligations previously vested in the Redevelopment Agency and the CDC -
RDA were vested in the Successor Agency, for administration pursuant to Part 1.85 of AB 26;
and
WHEREAS, as part of the FY 2012-2013 State budget package, on June 27,
2012, the Legislature passed and the Governor signed Assembly Bill No. 1484 ("AB 1484",
Chapter 26, Statutes 2012). Although the primary purpose of AB 1484 is to make technical and
substantive amendments to AB 26 based on issues that have arisen in the implementation of
AB 26, AB 1484 imposes additional statutory provisions relating to the activities and obligations
of successor agencies and to the wind down process of former redevelopment agencies; and
WHEREAS, the Successor Agency is required to undertake several actions
pursuant to Part 1.85 of AB 26 as amended by AB 1484, including submitting additional
�% information with the ROPS and in a changed format as set by the Department of Finance; and
Resolution No. 2015 — 75
Page Two
WHEREAS, under AB 26 as amended by AB 1484, each successor agency shall
have an oversight board with fiduciary responsibilities to holders of enforceable obligations and
the taxing entities that benefit from distributions of property taxes and other revenues pursuant
to Health and Safety Code Section 34188; and
WHEREAS, the oversight board has been established for the Successor Agency
(hereinafter referred to as the "Oversight Board") and all seven (7) members have been
appointed to the Oversight Board pursuant to Health and Safety Code Section 34179. The
duties and responsibilities of the Oversight Board are primarily set forth in Health and Safety
Code Sections 34179 through 34181 of AB 26 as amended by AB 1484; and
WHEREAS, SB 107, a trailer bill to the Fiscal Year 2015-16 Budget for the State
of California, changed the ROPS preparation cycle from six month periods to annual periods,
and thus a recognized obligation payment schedule for the period of July 1, 2016 through June
30, 2017 (ROPS 16-17) was prepared for consideration and approval by the Successor Agency;
and
WHEREAS, according to Health and Safety Code Section 34177(I)(1) of AB 26,
for each recognized obligation, the ROPS shall identify one or more of the following sources of
payment: (i) Low and Moderate Income Housing Funds, (ii) bond proceeds, (iii) reserve
balances, (iv) administrative cost allowance, (v) the Redevelopment Property Tax Trust Fund,
but only to the extent no other funding source is available or when payment from property tax
revenues is required by an enforceable obligation or by the provision of Part 1.85 of AB 26, and
(vi) and other revenue sources; and
WHEREAS, the ROPS 16-17 shall hereafter be submitted for review and
approval to the Oversight Board, and submitted to the County Auditor/Controller, State
Department of Finance and State Controller; and
WHEREAS, it is the intent of AB 26, as modified by SB 107 that the ROPS serve
as the designated reporting mechanism for disclosing the Successor Agency's payment
obligations by amount and source and, subsequent to the audit and approval of the ROPS as
specified in AB 26, the County Auditor/Controller will be responsible for ensuring that the
Successor Agency receives revenues sufficient to meet the requirements of the ROPS during
each bi-annual period; and
WHEREAS, the Successor Agency, now having considered ROPS 16-17,
desires to approve the ROPS 16-17, subject to the contingencies and reservations set forth
herein; and
WHEREAS, the Successor Agency's ROPS 16-17, which is consistent with the
requirements of the Health and Safety Code and other applicable law, is attached to this
Resolution as Exhibit "A"; and
WHEREAS, the Department of Finance changes the format of reporting and the
requirements, thus the Successor Agency staff may need to make changes to the ROPS 16-17
subsequent to the approval, to have it compliant with the changing Department of Finance
requirements; and
Resolution No. 2015 — 75
Page Three
WHEREAS, this Resolution has been reviewed with respect to applicability of the
California Environmental Quality Act ("CEQA"), the State CEQA Guidelines (California Code of
Regulations, Title 14, Sections 15000 et seq., hereafter the "Guidelines"), and the City's
environmental guidelines; and
WHEREAS, this Resolution is not a "project" for purposes of CEQA, as that term
is defined by Guidelines section 15378, because this Resolution is an organizational or
administrative activity that will not result in a direct or indirect physical change in the
environment, per section 15378(b)(5) of the Guidelines; and
WHEREAS, all of the prerequisites with respect to the approval of this Resolution
have been met.
NOW, THEREFORE, BE IT RESOLVED by the Board of the Successor Agency
to the Community Development Commission as the National City Redevelopment Agency, as
follows:
Section 1. The foregoing recitals are true and correct, and are a substantive part of
this Resolution.
Section 2. The adoption of this Resolution is not intended to and shall not constitute
a waiver by the Successor Agency of any rights the Successor Agency
,**me may have to challenge the effectiveness and/or legality of all or any
portion of AB 26, AB 1484 or SB 107 through administrative or judicial
proceedings.
Section 3. The Successor Agency's ROPS 16-17, which is attached hereto as
Exhibit "A", is approved and adopted.
Section 4. The Executive Director, or designee, is hereby authorized and directed to:
(i) provide the ROPS 16-17 to the Oversight Board;
(ii) take such other actions and execute such other documents as are
necessary to effectuate the intent of this Resolution on behalf of
the Successor Agency; and
(ii) take such other actions and execute such other documents as are
necessary to effectuate the intent of AB 26, AB 1484, and SB 107
in regard to ROPS 16-17, including modifying and/or amending
the ROPS 16-17 administratively to reflect the most up to date
prior period actual cost or cash data, or conform to the direction,
guidance, and/or requirements related to ROPS 16-17 by of the
Department of Finance.
Resolution No. 2015 — 75
"ft.. Page Four
Section 5. The Successor Agency determines that this Resolution is not a "project'
for purposes of CEQA, as that term is defined by Guidelines section
15378, because this Resolution is an organizational or administrative
activity that will not result in a direct or indirect physical change in the
environment, per section 15378(b)(5) of the Guidelines.
Section 6. This Resolution shall take effect upon the date of its adoption.
PASSED and ADOPTED this 19" day of January 16.
on Morrison, Chairman
ATTEST:
-2x-ZJAJkJJZI
Micl ael R. Dalla, dity Clerk as
Secretary to the Successor Agency
`W
AS TO FORM:
ilva
Counsel
°v
Passed and adopted by the Successor Agency to the Community Development
Commission as the Redevelopment Agency of the City of National City, California, on
January 19, 2016 by the following vote, to -wit:
Ayes: Boardmembers Cano, Mendivil, Morrison, Rios, Sotelo-Solis.
Nays: None.
Absent: None.
Abstain: None.
AUTHENTICATED BY:
0
RON MORRISON
Chairman of the Successor Agency to the
Community Development Commission
as the Redevelopment Agency of the
City of National City, California
i
City Cler Servi as Secretary
to the Successor Agency
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2016-75 of the Successor Agency to the Community Development
Commission as the Redevelopment Agency of the City of National City, California,
passed and adopted on January 19, 2016.
City Clerk Serving as Secretary
to the Successor Agency
By:
Deputy
vvuyouvu r Qr111GIK %.w. v . V . I
Filed for the July 1, 2016 through June 30, 2017 Period
Successor Agency: National City
County: San Diego
Current Period Requested Funding for Enforceable Obligations (ROPS Detail)
Enforceable Obligations Funded with Non -Redevelopment Property Tax Trust Fund (RPTTF) Funding
A Sources (B+C+D):
B Bond Proceeds Funding
C Reserve Balance Funding
D Other Funding
E Enforceable Obligations Funded with RPTTF Funding (F+G):
F Non -Administrative Costs
G Administrative Costs
H Current Period Enforceable Obligations (A+E):
Certification of Oversight Board Chairman:
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.
Is/
Name
Signature
Re' ort Amounts in Whole Dollars)
A
B
C
D
E
F
G
H
I
J
K
L
M
N
16-17A
Non -Redevelopment Property Tax Trust Fund
No RPTTF
ContacVAgaement
CcntractlAgaement
Total OWtanding
ROPS 16-17
Item#
Prdect N..rNDebt ON aton
ON afior Type
Execulon Dale
Temllnabon Date
Payee
Descd MNP ed Scope
P,.t Area
Debt Or Obi' ation
Retired
Total
Bond Proceeds
Reserve Balance
Other Funds
$ 91,960 M
12961
$
-
3
1
1999 Tax Allocation Bond
Bonos Issued Ca or Before
61311999
6/12031
Bank of New York
Bands to fund Musing tax-exempt
4,514l
N
$ 326,551
3
2005 Tax Allocation Bond
Bonet Issued Cn or Before
1P2Y2W5
61t2032
US Bank
Bolls to fund nor.hoi tax-exempt
13,006,439
N
$ 11190,2M
12/31/10
1
linandole,
42011
Tax Allocation Bono
Bonds Muedl Affair 1MIA 0
31N2011
Snaam
US Bank
Bonds to fund Wl-TOD and other nor,
654U71575
N
$ 3,632075
ho.l tax. t onalocUr
12
WI-TOD(DDAJC plDond
OPAMD"Ondo Aon
W52011
690.R020
Ciryof Nato.l CftfiE2
Remediation Planning
200.DD0
N
$ 2M.000
Dca,0011harGroodst
Minnagi.Tech
13
WI-TOD(DD=/ OprHono
OPA1IDENConstocllon
2/15/2011
6902020
Clly of Naamlal Clty/OTSC
Ermmnmeatal Oversgla
100.000
N
$ 100,OW
DocNOlher Grants
19
SR51 and National City Blvd
ImpmvdneM/IMrastrucWre
3f3Q011
8MMM
CRY of National
Construction
-
Y
$ -
Infrastrucorelet rovements
CityrCoamiclor
20
SM SI Smart Growth Revadiddi lion
Professional Services
3220f1
8I1I2(132
City of Rrserel Chilterns
Design I Engintemg
Y
$
Co- noDocslGrdnls
&Assoda�
258th
St Smart GroMh Revlsll7abon
Project Mara emdrt Costs
3 11
811,2032
City of National City
Protect Management&AdmintstraMn
Y
$ -
Co-OIBorld Do Grans
26
BM St safety Enhancemenas(C
Profaeeoral Seances
=(ill
512032
Ctiyof NaMrreI Cft iBF
Desgn/Elgineering
Y
$
Cori Door/Grans)
Consultants
3peth
St Safety EMnaMamens(Ca-
Pmisolueagemera Coss
3132011
&MMK
City of National City
wplect Management& Adnlnlstrabon
Y
$ -
O Mond DocieGrans
32
Highland Ave Safety Enharoements
Professorate Services
3 11
8/12032
City of Nadi
Construction Management&
-
Y
$ -
Co-o Moor oomcrans
Ci /Consultant
lns ¢Mns
35HghlaM
Ave Wary Enlumcemeras
Project Manggemert Coal
332011
&112032
City of National City
Project Management& Administration
-
Y
$ -
C SoM OocelGans
36
D Ave Community Corridor y Round
Pmfessonal Sandi
&3I2011
8/1/2032
Cir"I National Cilyagmky-
Desgn/Engineering
-
Y
$
atoul Co,0DoeslGanb
Horn & Assocates
4p
D Ave Commodity Corrdor y Round
Project Management Coss
319P2011
Shw2
City of Naaonal City
Project Management&Adorivrallon
-
Y
$ -
aboul Co-0 red DocslGana
45
Coolidge Ave Cmnmurly Corridor
Project Management Cogs
31312011
6112032
City of National City
Project Management&Administration
Y
$
tCa-DOIBand Docentmod
494th
St Community COnddoi
Froject Management Coss
3 011
8112032
City of National City
Project Management&AdminOinei
-
Y
$ -
0 BOM OomyGrenm
55
Las Penn. Perk lmgovemeMe(Ca-
PmjeG Management Coen
3r"11
&11Y2032
City a National City
ProjcwY Management&Administration
-
Y
$ -
0 nd Doce
fit
Kimball Par lmprovemens(C4-
Project Management Coss
3Ntful
8112032
City of National City
Project Management&Admtnistratlon
-
Y
$
Woods
87Aquatic
Center Co-O IBOM Doe
PtdectM amen Coss
3212011
wl/
of Nationale! City
Pmect Management & Administration
Y
Sit
Granger Hall and Properly (Ca -Op)
DPAMAMgmbucUoa
2I152011
Mllr2016
City of National City
Design, Cmstrucaon, Project
Y
$ -
Mare,arnent. A Administration
69
Street Resufacirg (Coop)
ImprovemerNlntaethwtine
2I1520ll
6130/2018
City a RatioualCity
Deegn, Construction, Project
Y
S
Marre,earient, &Adnntstraeon
70
Concrete lmpoyemeMs(Co-0i
ImpmvemerNlMastruchve
2/152011
613112016
City of No" City
Design, Construction, Pnolen
Y
$ -
Ma ement,&Administration
71
Traffic Signal Turning(Co-Op)
ImpmvemenUlMreart a
2I15201/
6I302016
City of National Cry
D"i Conslnwtiac Project
Y
S -
Mara,ment. & Administration
721
Blvd Widerag(Co-Op)
ImpmvemenUlntastuclure
2lSA11
611
City of National City
Design, Construction, Project
-
Y
$ -
M ement,&AdministraWn
73
TraMC Monitorbg (Cc -Op)
Impmvementfoferstnwiure
2/1Y 11
N302016
City of National City
Deagn, Cora ne,ton, PmjW
Y
$ -
Ma ement &AdminestreMn
74
Cornelis lmprovemanta(Co-op)
ImprovenenUlnfrm6uctore
2/152011
f1
Ciy of National City
Dielgn, Construction, Project
-
Y
$ -
Ma ement.& Administration
75
senior Velsge Cc-0i
0PAADDA1Construction
2/1612011
6,302016
City of National City
Decgn. Construction, Project
-
Y
$ -
Ma ement.& Administration
76
Pacific Steal(COOp)
laimAmenVlnhastnx,Uae
27152011
6902016
City of Nardi City
Design. Construction, Project
-
Y
$ -
Man ent B Adminiaration
77
Kimball Way Creek lmpmvemmNE
ImpmvemenVlnraahu.Wa
2NY2011
61302016
City of National Cry
Design Construction, Project
-
Y
$ -
Co0
Man a ent,& Adminstration
78B-1
Sae Deveopment Cd-Op)
ImpnrvemenUlrlfrasmlcWre
27152011
61
City M National City
Design, Construction, Project
-
Y
$ -
Man ement& Administration
79
Storehora Remvation Program (Co-
CPAMOMConstructio ,
ViS2oll
Nb2016
My 0 National City
Design, Construction, Project
-
Y
$
Management, it Administration
80
Paradise Creak Enharx:ament(Ca-
ImpmvemenNnlrmtrucU#e
2H52011
6M,XH6
City M National City
Design. Coretrucaon, Project
-
Y
$ -
O
Manadinert,&Administration
81
RHNA. Houtt g Element and other
OPAIODAICwetnwtian
fyty1992
61�PM21
CDGlbuarg Authority
Sete Mandates/Goals for Housing
Y
$
usolindates
M
Loan tram Sewer Fund
CIVCnunty Loans Ca or
Gi=ho
610l
Serer Fund
Loan repayment pursuant to HSC
271,678
N
$
Before 627Ii1
ambon MI91 A (b) for street
esudavY
87
Personnel and Admin Coss
Admen Costs
7MM15
1M12015
Cal, of NaMnal City
Penrdi and other support services
379,946
N
$ 379,918
forSA
101
Genteel PrOpany Management
Properhymaintenance
L152011
S1fi om
City of National City
Onoirg management of CDC assets
80,000
N
5 1111
fKepon
Amounts
in wnole uolmre
A
B
C
D
E
F
G
H
I
J
K
L
M
N
16-17A
NOrrRedwNopment Property Tax Total Fund
NOrhRPTTF
ConbaVAgreemero
ConmeahkgreemeM
Total ONunling
ROPE 16-17
hemp
PTIJectNararsUslatObllgalkan
MligalionT a
ExeuNon Date
Termination Date
P.Iress
DebroopfionlProert SOIp,
Project Area
Debt Or Obi abort
Retired
TOM
BOM Proceeds
Reserve Balance
Offer Funds
IN
Sounity Fence for Palm Plan
Property Dispositions
711=13
6(302016
Nation Constmcllon
Temporary tams, of RDA site
2.000
N
$ 2,000
Rental
110
EnvimnmeraN MOMorirg for CDC
Property Mainterarice
7MM13
69 16
Conroy of San Diego
Environmental Oversight Remediation
MON
N
$ 20.000
Propectes
aM Testa, for Edixtuon Village. ACE.
2501 ClevelazM, 835 Bay Mama Drive
and rrn EA propetes es necessary
111
Environmental Monitoring for CDC
Property Maintenance
711=11
1GMM7
GeoSyntec Consoants
EmimnmeMal Oversgrt Remediatbn
75,001)
N
$ 75.000
Properties
and Testa, for Education Villag, ACE,
2501 CleveMM. 835 Bay Manna Drive
and ctticr SA properties as necessary
Agency Admin Ex er'aes
Pm Dis Xlom
]I302010
613012012
K
Real Estate Appraisal Services
N
$ -
A era Adm In Expenses
Pm Dis sifi0ra
713012010
61'1012012
PGP
Real Estate A roLsal Services
N
$
A end Admin Ex es
Pro Dis sPoorn
Vino010
IYM012
Mn Captain.
Real Estate A nasal Services
N
$
Contract for Financial Analysis
Fees
711120f0
6=K)16
UNan Futures
Financial and ndnd aMisalarreal
20,000
N
$ M'aw
disclosure
r144
Contract for EnWmmmental Services
Property Maintenance
7I112011
10/ 17
Geosvnlec Consultants
PSI Environmental lnvesfigation
N
$ -
Contract for Legal Eefes
Legal
2112mi
6^f0/L016
Kane, Ballmer, d Berkman
Legal supprt for state aclmm on
W'ow
N
$ 30.W0
RedevelopmenVLi4gation support for
,.Wing Iegainterests, n.9.,Affordable
Housing Coalition v.
Sandoval, N al.
Contract for Legal Strom
Legal
1013.12011
67g0/2017
Opperd Varoo, LLP
Litigation for Education VlllMall-Wal
75,000
N
$ 76,000
support re: environmmlN wmpiiance
.M OTSC. DEH, ac. f0r SA properties
irresponsibilities
147
Contract far Legal Servim
Legal
IMg2008
12 017
CMistensen d Spam. LLP
LitigaMn for ARE HOIdmslffigation
100000
N
$ 100.000
for Morgan Sq.. InrA-,.I Services
for Wassude tell Transit Doorbell
Development Housllg Project
148
Contract in, Laosl Sismces
Legal
1962m0
63 016
Best east It Krieger,LIP
Litiati0n CYAC
N
$ -
15OContract
for LegalEernces
Leger
11121=11
6"362016
M.MLOrovana
Mlnimtre CYAL LIeNltlylndernntly
6).000
N
$. 60.000
Claim
161
Bonds
Fors
711=16
6.9Q2017
Deutsche BaAAlS Bank
FiscalApart Fees
10000
N
$ t0.G00
U
Isonds
Few
711=16
69;;;;
k a New Yak
Fiscal Fees
1 ODD
N
$ 10,000
10
Conl2N for Legal Services
Legal
12H62012
613
lfo0men
Protect assets ant oblgaliom of
30,000
N
$ 30.000
d Wllmn
successes an
171
Reserve far Aug 20156ond
Reserves
1111201s
Nency
Reserve needed to make pnncipal and
Y
$ -
P errs
Interest ends due In A M15
172
Property Appratsats
Property OMpositiorM
]/12016
813e
Datarmir¢d
PropaM appraisalsesneeded
100,000
N
$ t00.000
pursuant to ft Long Range Properly
Ma ement Plan
174
Unforaeen SA remedialgn cost
OPAMDAIGonstructloo
6212011
fiWK316
Paradise Creek Noiairg
Remediate unanticipated solwMitiorM
N
s -
obllalbn- wst incurred a date
Partners
on fins WI-TOD site
175
UniOnsean SA mmedhoidn at
OPAIDDAICoreOuction
6212011
630I1017
Paradise Creek Housing
Remediale unantiupate l soil waste"
800.000
N
$ 800,Oo0
obliga0on- estimateda lddion.l
Panne.
on me Wl-TOD sire as required by the
wsls Phase I W I-TOD
DDA
176
Unforseen SA remMiation wst
OPAIDDP/COmWdbn
6212011
63 017
Paradise Creek Housirxl
Remediale unaMicipate] still conditbm
3.700AW
N
$ 3.700.000
obligation- es6matad addtbnal
Park
an the, WI-TOD site as nequlfed bylhe
wets Phase II W I-TOD
DDA
178
Passive for early redampXOn of
Reserves
711=17
1Ml=17
Bonkof New York
Pay off principal bass. In August
2,910,000
N
2,000,OW
1999 Tax Allocation BOMB
M17 to save over Si.0 roman in
IM
interest erM ova l2
1
N
$
180
8
02
N
$
1
N
$
161
N
$
183
N
$
18
N
$
485
N
$
1
N
$
87
N
$
IM
188
N
$
89
N
$
IF
N
$
(Report Amounts in Whole Dollars)
Pursuant to Health and Safety Code section 34177 (1), Redevelopment Property Tax Trust Fund (RPTTF) may be listed as a source of payment or
or when payment from property tax revenues is required by an enforceable obligation. For tips on how to complete the Report of Cash Balance
A
B
C
D
E I
F
Fund Sources
Bond Proceeds
Reserve Balance
Prior ROPS
Prior ROPS
period balances
RPTTF
Bonds issued on
and DDR RPTTF
distributed as
or before
Bonds issued on
balances
reserve for future
Cash Balance Information by ROPS Period
12/31/10
or after 01/01/11
retained
period(s)
int(
ROPS 15-16A Actuals (07/01115 - 12/31115)
1
Beginning Available Cash Balance (Actual 07/01/15)
2,555,356
20,147,722
2,000,000
2
Revenuellncome (Actual 12/31/15)
RPTTF amounts should tie to the ROPS 15-16A distribution from the
County Auditor -Controller during June 2015
3
Expenditures for ROPS 15-16A Enforceable Obligations (Actual
12131 /15)
1,922,621
14,909,000
2,000,000
4
Retention of Available Cash Balance (Actual 12/31/15)
RPTTF amount retained should only include the amounts distributed as
reserve for future period(s)
632,735
4,220,955
5
ROPS 15-16A RPTTF Balances Remaining
No entry required
6
Ending Actual Available Cash Balance
CtoG=(1+2-3-4),H=(1+2-3-4-5)
$ -
$ 1,017,767
$
$
$
ROPS 15-16B Estimate (01/01/16 - 06/30/16)
7
Beginning Available Cash Balance (Actual 01101/16)
(C, D, E, G = 4 + 6, F = H4 + F4 + F6, and H = 5 + 6)
$ 632,735
$ 5,238,722
$
$
$
8
Revenue/income (Estimate 06/30/16)
RPTTF amounts should tie to the ROPS 15-16B distribution from the
County Auditor -Controller during January 2016
9
Expenditures for ROPS 15-16B Enforceable Obligations (Estimate
06/30/16)
10
Retention of Available Cash Balance (Estimate 06/30/16)
RPTTF amount retained should only include the amounts distributed as
reserve for future period(s)
632,735
4,220,955
11
Fndinn Fstimatpd Cvailahlp Cash Ralanca 17 + R - 9 .101
Nationai Lily Kecogmzea vougation rayment acneawe tmura io i r/ rvvLea awy i, cu
Item # Notes/Comments
Amounts requested are estimates and allow for the possibility that amounts authorized in ROPS
12 that new situations requiring additional work by the consultant may arise.
13
Amounts requested are estimates and allow for the possibility that amounts authorized in ROPS
that new situations requiring additional oversight work by the DTSC may arise.
♦ 175"A"
Remediation costs for the Phase I site have increased beyond previous estimates by $700,000. D
portion of the year, but $100,000 is shown in the 'B" portion in the event that a portion of the,
It is estimated that of the $2.7 million approved in ROPS 15-16B for remediation of the Phase II 6
needed until the 16-17 cycle. The "A" portion contains the entire $1.2 million. The "B" portion con
"A" portion in the event the spending is delayed. The "B" portion also includes an estimated $2.0
176 the park portion of the project.
178
,The payoff amount for the 1999 TABs in August 2017 is $2.91 million. Paying off these bonds (a:
2015) would result in interest savings of over $1.0 million over the 12 years of remaining schedule