HomeMy WebLinkAboutOB_2017_01_31_ROPS 17-18Successor Agency:Atascadero
County:San Luis Obispo
Current Period Requested Funding for Enforceable Obligations (ROPS Detail)
17-18A Total
(July - December)
17-18B Total
(January - June) ROPS 17-18 Total
A 1,003,258$ 233,764$ 1,237,022$
B - - -
C 606,612 233,764 840,376
D 396,646 - 396,646
E 763,254$ 1,063,030$ 1,826,284$
F 698,089 997,865 1,695,954
G 65,165 65,165 130,330
H Current Period Enforceable Obligations (A+E):1,766,512$ 1,296,794$ 3,063,306$
Name Title
/s/
Signature Date
Administrative RPTTF
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.
Recognized Obligation Payment Schedule (ROPS 17-18) - Summary
Filed for the July 1, 2017 through June 30, 2018 Period
Enforceable Obligations Funded as Follows (B+C+D):
RPTTF
Redevelopment Property Tax Trust Fund (RPTTF) (F+G):
Bond Proceeds
Reserve Balance
Other Funds
Exhibit A
A B C D E F G H I J K L M N O P Q R S T U V W
Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF
$ 48,977,041 $ 3,063,306 $ - $ 606,612 $ 396,646 $ 698,089 $ 65,165 $ 1,766,512 $ - $ 233,764 $ - $ 997,865 $ 65,165 $ 1,296,794
1 2010 Reimbursement/ Bond Bonds Issued On or Before 9/1/2010 10/1/2040 City of Atascadero (then Debt Service on 2010 Bonds 29,125,369 N $ 974,830 196,646 410,324 $ 606,970 367,860 $ 367,860
2 2010 Reimbursement/ Bond
Financing agreement with City of
Atascadero
Bonds Issued On or Before
12/31/10
9/1/2010 10/1/2040 City of Atascadero (then
passed through to BNY)
Trustee services for the life of the 2010
Bonds
72,500 N $ 2,750 2,750 $ 2,750 - $ -
3 2004/2005 Redevelopment Bonds Bonds Issued On or Before
12/31/10
11/1/2004 9/1/2034 Bank of New York Mellon Debt Service on 2004/2005 Bonds 15,894,243 N $ 1,679,546 606,612 233,765 $ 840,377 233,764 605,405 $ 839,169
5 2004/2005 Redevelopment Bonds Bonds Issued On or Before
12/31/10
11/1/2004 9/1/2034 Bank of New York Mellon Trustee services for the life of the
2004/2005 Bonds
54,250 N $ 2,650 2,650 $ 2,650 $ -
6 City Loan #1 entered into in 1998 City/County Loans On or
Before 6/27/11
11/1/1998 1/1/2099 City of Atascadero Loan for Start-up costs 155,175 N
7 City Loan #2 entered into in 2001 City/County Loans On or
Before 6/27/11
6/28/2001 1/1/2099 City of Atascadero Revolving Loan 500,000 N
8 City Loan #3 entered into in 2002 Dissolution Audits 6/12/2002 1/1/2099 City of Atascadero Loan for purchase of building housing
an adult store
720,000 N
10 Administration Allowance Admin Costs 1/1/2014 6/30/2014 City of Atascadero Administrative expenses for successor
agency in accordance with AB1X26
through June 2016 including - office
expense, postage, legal notices,
computer costs, phone costs,
operations, professional development,
direct staff time, general overhead
1,575,000 N $ 130,330 65,165 $ 65,165 65,165 $ 65,165
11 Colony Square Conditions,
Covenants and Restrictions
Property Maintenance 6/10/2008 1/1/2099 Colony Square, LLC Contract for required participation in
maintenance of common areas for
Colony Square (estimated cost is listed
for 3 years, however required as long
as RDA owns the lot)
142,816 N $ 15,000 15,000 $ 15,000 $ -
12 Maintenance of Creekside Building Property Maintenance 2/23/2010 1/1/2099 Various vendors Maintenance of Creekside Building 312,755 N $ 57,200 32,600 $ 32,600 24,600 $ 24,600
123 Sale of Creekside Building Property Dispositions 1/1/2014 1/1/2099 Unknown Costs associated with marketing and
sale of Creekside Building in
accordance with PMP
397,933 N $ 200,000 200,000 $ 200,000 $ -
124 Historic City Hall Earthquake
Repair/Rehab Project
Improvement/Infrastructure 1/1/2014 1/1/2099 FEMA FEMA grant adjustments N
125 Historic City Hall Earthquake
Repair/Rehab Project
Improvement/Infrastructure 1/1/2014 1/1/2099 CalOES Cal OES grant adjustments N
126 Demolition of RDA portable building Property Dispositions 1/1/2099 1/1/2099 Unknown Demolition of RDA portable building 20,000 N $ - $ - $ -
127 Lease for former Chamber building Property Maintenance 5/1/2009 1/1/2099 City of Atascadero Lease of Land that RDA portable sits
on
2,000 N $ 1,000 1,000 $ 1,000 $ -
128 Historic City Hall Earthquake
Repair/Rehab Project
Bonds Issued On or Before
12/31/10
1/1/2099 1/1/2099 Unknown Historic City Hall Earthquake
Repair/Rehab Project: Exterior Lighting
Package
- N $ - $ - $ -
129 Master Agreement with City Bond Funded Project – Pre-
2011
1/1/2099 1/1/2099 City of Atascadero Remaining Bond Funds including
activity related to Historic City Hall
Earthquake Repair/Rehab
- N $ - $ - $ -
130 Maintenance of former Chamber
Building
Property Maintenance 5/1/2009 1/1/2099 Various vendors Securing/repairing building from
vagrants and graffiti
N
131 Historic City Hall Earthquake
Repair/Rehab Project
Bonds Issued On or Before
12/31/10
12/22/2003 6/30/2014 Various vendors Historic City Hall Earthquake
Repair/Rehab Project: FEMA
determination of eligible costs
reclassification from "Other" invoices to
"Bond Proceeds"
- N $ - $ - $ -
132 2010 Reimbursement/ Bond
Financing agreement with City of
Atascadero1
Bonds Issued On or Before
12/31/10
11/1/2015 6/30/2017 Wildan Financial Arbitrage calculation required by bond
covenants
5,000 N $ - $ - $ -
133 N $ - $ - $ -
134 N $ - $ - $ -
Fund Sources Fund Sources
Contract/Agreement
Termination Date
ROPS 17-18
Total
17-18B (January - June)
17-18A
Total
Atascadero Recognized Obligation Payment Schedule (ROPS 17-18) - ROPS Detail
July 1, 2017 through June 30, 2018
(Report Amounts in Whole Dollars)
Item #Payee Description/Project Scope Project Area
Total Outstanding
Debt or Obligation Retired
17-18A (July - December)
17-18B
Total Project Name/Debt Obligation Obligation Type
Contract/Agreement
Execution Date
Exhibit A
A B C D E F G H I
Other RPTTF
Bonds issued on
or before
12/31/10
Bonds issued on
or after 01/01/11
Prior ROPS
period balances
and DDR RPTTF
balances
retained
Prior ROPS
RPTTF
distributed as
reserve for future
period(s)
Rent,
grants,
interest, etc.
Non-Admin
and
Admin
ROPS 15-16B Actuals (01/01/16 - 06/30/16)
1 Beginning Available Cash Balance (Actual 01/01/16)
2,145,125 - - 500,201 (757,150) 42,713
2 Revenue/Income (Actual 06/30/16)
RPTTF amounts should tie to the ROPS 15-16B distribution from the
County Auditor-Controller during January 2016
3,577 595,562 1,347,110 1,044,878
Column G includes transfer from Bond Proceeds
(Column C) for FEMA grant closeout. Column G also
includes FEMA and OES revenues received
Column F includes transfer RPTTF per bond
covenants
3 Expenditures for ROPS 15-16B Enforceable Obligations (Actual
06/30/16)
1,269,235 248,706 193,314 1,074,841
Column C includes transfer to Other (column G)
for FEMA grant closed as authorized on 15-16B
4 Retention of Available Cash Balance (Actual 06/30/16)
RPTTF amount retained should only include the amounts distributed as
reserve for future period(s)
879,467 847,057 200,000
Column C = Cash with Fiscal Agent
Column F = Required cash oh hand per bond
covenants
Column G = Amounts reported on ROPS 16-17 as
coming from other funds
5 ROPS 15-16B RPTTF Balances Remaining
No entry required
-
6 Ending Actual Available Cash Balance
C to G = (1 + 2 - 3 - 4), H = (1 + 2 - 3 - 4 - 5)
-$ -$ -$ -$ 196,646$ 12,750$
Atascadero Recognized Obligation Payment Schedule (ROPS 17-18) - Report of Cash Balances
(Report Amounts in Whole Dollars)
Pursuant to Health and Safety Code section 34177 (l), 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. For tips on how to complete the Report of Cash Balances Form, see Cash Balance Tips Sheet.
Fund Sources
Comments
Bond Proceeds Reserve Balance
Cash Balance Information by ROPS Period
Exhibit A
Item #Notes/Comments
ROPS
Detail #1 The total debt service payment for the 17-18A period is $606,970. However according to the Cash Balance worksheet there is $196,646 in Other Funds available
to assist with required payments, thus we split the debt service payments between Other (clearing out the available balance) and RPTTF (the remaining amount
needed for the debt service payment)
ROPS
Detail #11 The association for the CC&R for common maintenance of the Creekside Building is not consistent in their billing practices. We are unable to predict which period
the bill may fall into at this time. We are reporting it only in the first period as to not duplicate expenditures, however it may occur in the second or even another
year. This is a timing issue.
ROPS
Detail #123 We are unsure as to when the Creekside Building will sell and thus are unable to acurately predict when the cost of sale will be incurred. We are reporting
the expenditure only in the first period as to not duplicate expenditures; however the sale may take place at some other time. These expenditures are already
accounted for as retained under Column G of the Cash Balance worksheet.
Atascadero Recognized Obligation Payment Schedule (ROPS 17-18) - Notes July 1, 2017 through June 30, 2018
Exhibit A