HomeMy WebLinkAbout11. Adopt ROPSOVERSIGHT BOARD MEMORANDUM
DATE: April 26, 2012
TO: MEMBERS OF THE OVERSIGHT BOARD
FROM: GILBERT A. LIVAS ON BEHALF OF THE SUCCESSOR AGEN
ITEM: Adopt Resolution No. OB 12- , A Resolution of the
Oversight Board to the Successor Agency to the Dissolved Downey
Community Development Commission Approving the Recognized
Obligation Payment Schedule (ROPS) for the Period of February 1,
2012, Through June 30, 2012, Pursuant to Health and Safety Code
Sections 34177 and 34180.
SUMMARY
On January 10, 2012, the Downey City Council approved City Resolution 12-
7316, an action where the City elected, as of February 1, 2012, to serve as the
Successor Agency to the dissolved redevelopment functions of the Downey
Community Development Commission (CDC). As successor agency the City
took on the task of winding down the redevelopment affairs of the CDC, including
preparing the various debt payment schedules, developing an exit plan, and
taking on the administrative tasks as required under Assembly Bill 1X26. On
February 10, 2012 in compliance with AB 1x26, the Downey City Council acting
as the Successor Agency approved the first draft of the Recognized Obligation
Payment Schedule (ROPS). The ROPS includes a breakdown of the funds
needed by the Successor Agency to carry out the dissolution process. The
ROPS sets forth the minimum payment amount required and due dates of
payments. The ROPS must be submitted to the Oversight Board for its review
and approval.
Pursuant to the timeline in AB 1x26, the ROPS must be approved in its final form
by the Oversight Board and submitted to the Department of Finance (DOF), the
State Controller, and the County Auditor - Controller for review. The ROPS is
required to cover a six -month period from January 1, 2012 through June 30,
2012. Beginning on May 1, 2012, only those debt payments on an approved
ROPS may be paid for the period through June 30. 2012.
Due to the late formation of the Oversight Board, it is essential that the
Successor Agency prepare a ROPS for the subsequent six -month period of July
1, 2012 through December 31, 2012. The ROPS for the next six -month period
must be submitted to the DOF as soon as possible with a dead line of May 11,
2012. We expect to have the ROPS available for the Oversight Board to review
within the next two weeks.
fl
Below is a brief description of the items listed on the attached ROPS for the first
six month period (January 1, 20121 — June 30, 2012).
1) 1997 Tax Allocation Bonds — In 1997, the CDC issued $9,925,000 in
Refunding Tax Allocation Bonds to defease on outstanding balance on the 1990
Bonds and to repay accrued principal and interest on note obligations to the City
of Downey. The outstanding balance of this obligation is $11,351,995. The
payments due on these Bonds are payable semiannually on February 1 and
August1.
2) City Loan Agreements #27, #31, #35, #38 - There have been several loans
made to the CDC by the City of Downey. These loans were made to the CDC to
finance new economic development projects, and to fund the Agency's
administrative operations and support costs. The outstanding balance on these
series of notes is $2,576,000. The ROPS includes interest only payments over
the next six months.
The CDC also entered into one Master Loan Agreement with the City of Downey.
The loan was structured so as to provide for a source of funding for the financing
of new CDC generated projects and ongoing administrative support. This
Agreement provided a maximum line of credit in the amount of $72 million.
However, when AB 1X26 went into effect, the balance owed by the CDC under
this Agreement was $7,013,183. The full repayment of principal and interest is
reflected in the ROPS.
There is pending litigation to clean up several provisions in AB 1x26, including
provisions relating to agreements and loans between a city and a redevelopment
agency. We have received advice from our legal council to include the City Loan
Agreements in the ROPS as obligations, pending further clarification of the law
and its application. Since these obligations were each entered in accordance with
redevelopment law they are legal and binding obligations of the CDC. The
position of the Successor Agency is that the City Loan Agreements should be
repaid and recognized as enforceable obligations.
3) Development Agreements - The ROPS lists a total of $ 6,050,000 in debt
obligations for the following CDC assisted economic development and housing
projects:
• Porto's Bakery — In 2008 the CDC entered into an Owner
Participation Agreement (OPA) to assist with this economic
development project. The CDC assistance to this project totaled
$750,000 of which $250,000 is due and it is anticipated would be
eligible to disburse by December 31, 2012. The disbursement of
the final payment will be based on the creation of minimum of 40
new full time jobs.
• Bob's Big Boy — In 2008, the CDC entered into an Owner
Participation Agreement (OPA) to establish a restaurant franchise
at the former Harvey Broilers location. Under this OPA there is an
unpaid obligation due in the amount of $300,000, with terms for
prorated payments over the next 10 Years, provided the project
maintains a minimum number of new full time jobs and generates a
set level of gross receipts.
• National Community Renaissance — In 2010 the CDC entered into
a Disposition and Development Agreement (DDA) to provide a
$5,000,000 subsidy commitment for the development of 50 new
affordable housing units. The Agreement provides for the
disbursement of this obligation over the next two years.
• Chrysler /Jeep Dealership — In 2010 the CDC entered into an Owner
Participation Agreement to provide assistance in securing two new
car dealer franchises lines in the City. Under the Agreement, an
obligation of $500,000 was encumbered to the project, with
disbursements paid incrementally over the next ten years. The
annual payments are based on the dealerships exceeding gross
sale of $3.5 million per year.
4) Administrative Costs — Per AB 1x26, the Successor Agency is eligible to
receive an "administrative cost allowance" for reimbursement of administrative
cost. The minimum reimbursement amount per fiscal year is $250,000. The
amount reflected in the ROPS is the estimated eligible reimbursable for the first
six -month period.
5) Tax Increment Deferral Agreements - An Agreement between the County of
Los Angeles and the CDC allowed for the deferral of tax increment payments,
due to the County, until such time that certain repayment conditions were
triggered. The outstanding obligation to the County is $17,338,121. A second
statuary payment is listed in the ROPS for the Downey Unified School District
with an outstanding obligation of $170,000.
RECOMMENDATION
That the Oversight Board Adopt Resolution No. OB 12- , approving
the Recognized Obligation Payment Schedule (ROPS) for the period of February
1, 2012, through June 30, 2012, pursuant to Health and Safety Code Sections
34177 and 34180.
A RESOLUTION OF THE OVERSIGHT BOARD TO THE SUCCESSOR AGENCY TO
THE DISSOLVED DOWNEY COMMUNITY DEVELOPMENT COMMISSION
APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS) FOR
THE PERIOD OF JANUARY 1, 2012, THROUGH JUNE 30, 2012, PURSUANT TO
HEALTH AND SAFETY CODE SECTIONS 34177 AND 34180
OVERSIGHT BOARD RESOLUTION NO.
WHEREAS, the Oversight Board to the Successor Agency to the dissolved
redevelopment agency functions of the Downey Community Development Commission
has been appointed pursuant to the provisions of Health & Safety Code Section 34179;
and
WHEREAS, the City of Downey ( "City "), acting in its capacity as the Successor
Agency ( "Successor Agency ") to the dissolved redevelopment agency functions of the
Downey Community Development Commission ( "CDC "), duly approved the ROPS for
the period of January 1, 2012, through June 30, 2012, in accordance with Health and
Safety Code section 34177(1), and all duly approved actions approving the identified
ROPS for the identified periods are on file with the City Clerk of the City acting in its
capacity as the Successor Agency; and
WHEREAS, pursuant to Health and Safety Code sections 34177(1) and 34180(g),
the Oversight Board must approve a Recognized Obligation Payment Schedule for it to
become established, valid, and operative for the applicable six -month fiscal period.
NOW, THEREFORE, BE IT RESOLVED by the Oversight Board as follows:
SECTION 1. The foregoing Recitals are true and correct and are incorporated
herein.
SECTION 2. The Recognized Obligation Payment Schedule ( "ROPS ") covering
the period of January 1, 2012, through June 30, 2012, attached hereto and incorporated
herein by reference as Exhibit "A ", are hereby approved pursuant to Health and Safety
Code Sections 34177 and 34180, and any other law that may apply to the approval by
the Oversight Board of the identified ROPS for the identified periods.
SECTION 3. The Secretary or authorized designee is hereby directed to post
this Resolution and the identified ROPS for the identified periods on the Successor
Agency's website, and to provide a copy of the identified ROPS for the identified periods
to the State Controller's Office, State Department of Finance, and the County Auditor -
Controller.
SECTION 4. The Secretary shall certify to the adoption of this Resolution.
PASSED AND ADOPTED by the Oversight Board at a meeting held on the
day of „2012.
698/028785 -0001
3239337.1 a04/19/12
ATTEST:
SECRETARY, OVERSIGHT BOARD
STATE OF CALIFORNIA
COUNTY OF ) SS
CITY OF )
I, , Secretary to the Oversight Board, hereby certify that the
foregoing resolution was duly adopted at a meeting of the Oversight Board, held on the
day of , 2012.
AYES: BOARD MEMBERS:
NOES: BOARD MEMBERS:
ABSENT: BOARD MEMBERS:
698/028785 -0001
3239337.1 a04/19/12
CHAIR, OVERSIGHT BOARD
-2-
SECRETARY, OVERSIGHT BOARD
698/028785 -0001
3239337.1 a04/19/12
EXHIBIT "A"
Recognized Obligation Payment Schedule
For The Identified Periods
(Attached)
-4-
Funding Source:
LMIHF Low and Moderate Income Housing Fund
B Bond Proceeds
FB Reserve Balances
ACA Administrative Cost Allowance
RPTTF The Redevelopment Property Tax Trust Fund
0 Other Revenue Sources (i.e., rents, interest earnings, asset sales, etc.)
1 Grand total - All Pages (pages 1 & 2)
1 Totals - Other Obligations (page 2)
I Totals - This Page
10)
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Administrative Cost Allowance
l ath Cirl nnocfor nr,roo.n,om
'Public Works Master
Agreement
[City Loan Agreement # 38
City Loan Agreement # 35
City Loan Agreement # 31
City Loan Agreement #27
`City Loan Agreement #25
1997 Tax Allocation Bonds
Project Name/Debt Obli ation
0
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0
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City of Downey
I rNhinfrirluommu
(City of Downey
City of Downey
City of Downey_
City of Downey
[City of Downey
City of Downey
US Bank and Trust
Payee
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Cost Allowance
'Master Agreement for City Facilities,
Cnntireac
(Master Agreement for Public Improvements
1 Project and Administrative Expenses
1 Project and Administrative Expenses
Project and Administrative Expenses
1 Project and Administrative Expenses
Project and Administrative Expenses
Refund and Defease prior Obligations
Description
o
RPTTF, LMIHF,
0
DDTTC
RPTTF
RPTTF
RPTTF
RPTTF
RPTTF
RPTTF
RPTTF
Funding
Source
$ 110,516,116
1 $ 24,338,121
$ 86,177,995
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250.000
99 nnn nnn
50,000,000
168,000
224,000
224,000
168,000
1,792,000
11
Total
Outstanding
Debt or
Obligation
$ 14,890,193
I $ 3,795,000
$ 11,095,193
N
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250,000
e CAA nnn
691,830
168,000
224,000
224,000
168,000
1,792,000
633,363
Total Due During
Fiscal Year 2011
2012
$ 313,870
O
$ 313,870_
A
41.667
I a9 nnn
3,772
1 500
2,000
2
__ 1,500
16,000
183,431
Jan
Payments by month
$ 162,439
1 $ 32,000
I $ 130,439
A
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41,667
n9 nnn
3,772
1,500
2,000
2,000
1,500
16,00)
Feb I
$ 174,439
1 $ 44,000
I $ 130,439
A_
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41,667
62 nnn
3,772
1,500
2,000
2,000
1,500
16,000
Mar I
$ 174,439
$ 44,000
I $ 130,439
A
0
41667
62 000
3,772
1,500
2,000
2,000
1,500
16,000
Apr I
1 $ 1,010,439
$ 880,000
130,439
A_
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41,667
I 62.000
[ 3,772
[ 1,500
2,000
2,000
1,500
16,000
May I
I $ 9,034,437
1 $ 1,607,500
$ 7,426,937
A _
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41,667
I 6.262,000
1 650,338
1,500 !
2,000
2,000
1,500
16,000
449,932 r
June
1 $ 10,870,063 1
1 $ 2,607,500 1
--
1 $ 8,262,563 1
AI
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$ 250,0021
1 $ 6,572,000 1
$ 669,198 1
$ 9,0001
$ 12,000 1
$ 12,0001
$ 9,0001
$ 96,000 1
$ 633,3631
Total I
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Name of Redevelopment Agenc!S
Funding Source:
LMIHF Low and Moderate Income Housing Fund
B Bond Proceeds
FB Reserve Balances
ACA Administrative Cost Allowance
RPTTF The Redevelopment Property Tax Trust Fund
0 Other Revenue Sources (i.e., rents, interest earnings, asset sales, etc.)
Totals - This Page
1 10)
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Chrysler/Jeep Dealership
Housing Set Aside
County Deferral
Statutory Payment
Contract for Site Development
Owner Participation Agreement
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Contract for Site Development
Project Name / Debt Obligation
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Champion Dodge LLC
i
City Housing Funds
Los Angeles County
Downey Unified School
District
National Community
Renaissance
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JKBBD, Inc. A.K.A. Bob's
Big Boy
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Porto's Bakery of Downey
Payee
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Business Development and Job Creation
Pmt Pursuant to H & S Code 33681.5
Contractual Deferral of Tax Increment
Pmt Pursuant to H & S Code 33676
Construct 50 Residential Housing Units
Historical Preservation and Job Creation
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Project Area
Business Development and Job Creation
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RFTTF
I LMIHF
RFTTF
RFTTF
LMIHF
RFTTF
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Funding
Source
RFTTF
$ 24,338,121
o
0
0
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500,000
780,000
17,338,121
170,000
5,000,000
300,000
0
0
0
Total
Outstanding
Debt or
Obligation
250,000
I $ 3,795,000
o
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500,000
780,000
165,000
2,000,000
100,000
o
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Total Due During
Fiscal Year 2011-
2012
250,000
I $ 32,000
32,000
$ 44,000
44,000
1 $ 44,000
44,000
Apr
000'088 $
880,000 I
I $ 1,607,500
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100,000
425,000
82,500
1,000,000
I $ 2,607,500 1
(p
1
03
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1 $ 100,000 1
$ 425,0001
O1
$ 82,500 1
$ 2,000,0001
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HACommunity Development \ PerfithDOWNEY1CDC ROBS for Oversight Board (04-26-12Page 2
Funding Source:
LMIHF Low and Moderate Income Housing Fund
B Bond Proceeds
FB Reserve Balances
ACA Administrative Cost Allowance
RPTTF The Redevelopment Property Tax Trust Fund
0 Other Revenue Sources (i.e., rents, interest eamings, asset sales, etc.)
Grand total - All Pages
I Totals - Other Obligations
I Totals - This Page
10)
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Administrative Cost Allowance
City Aid Master Agreement
City Loan Agreement #25
1997 Tax Allocation Bonds
Project Name / Debt Obligation
City of Downey
of Downey
(City of Downey
I US Bank and Trust
Payee
Cost Allowance
Master Agreement for City Facilities,
Employees and Services
L
1 Proiect and Administrative Expenses
(Refund and Defease prior Obligations
Description
RPTTF, LMIHF,
0
RPTTF
RPTTF
RPTTF
Funding
Source
1 $ 23,197,328
1 $ 5,570,000
1 $ 17,627,328
83 333
4,400,000
1,792,000
11,351,995
Total Outstanding
Debtor Obligation
L $_ 5,974,696
$ 2,570,000'
$ 3,404,696
83,333
896,000 1
1,792,000
633,363 1
Total Due During
Fiscal Year 2011-
2012
$ 221,320
EA
$ 221,320
13,889
8,000
16,000
183,431 1
Jan
Payments by month
$ 69,889
l $ 32,000
$ 37,889
13,889
_ 8,000
16,000_1
Feb
1 $ 81,889
$ 44,000
I $ 37,889
13,889
8,000
16,000
Mar I
1 $ 81,889
I $ 44,000
I $ 37,889
13,889
8,0001
16,000
Apr I
$ 917,889
I $ 880,000
I $ 37,889
13,889
8,000
16,000
May 1
1 $ 2,462,180
I $ 1,174,359
I $ 1,287,821
13,889
808,000
16,000 1
449,932 1
June
1 $ 3,835,056 I
1 $ 2,174,359 I
I $ 1,660,697 I
03
el
60
(0
60
$ 83,334I
$ 848,000
$ 96,000I
$ 633,363
Total I
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Name of Redevelopment Agenc! Su
Funding Source:
LMIHF Low and Moderate Income Housing Fund
B Bond Proceeds
FB Reserve Balances
ACA Administrative Cost Allowance
RPTTF The Redevelopment Property Tax Trust Fund
0 Other Revenue Sources (i.e., rents, interest earnings, asset sales, etc.)
1 Grand total - All Pages
I Totals - Other Obligations
I Totals - This Page
1101
Administrative Cost Allowance
City Aid Master Agreement
Public Works Master
Agreement
Project Name / Debt Obligation
City of Downey _ J
'City of Downey
'City of Downey
Payee
Cost Allowance
Master Agreement for City Facilities,
Employees and Services
Master Agreement for Public Improvements
Description
RPTTF, LMIHF,
0
RPTTF
I RPTTF
Funding
Source
I $ 58, 194,592
$ 16,011,259
' $ 42,183,33
83,333
12,100,000
30,000,000
Total Outstanding
Debtor Obli ation
L $ 6,998,163
' $ 1,071,000
1 $ 5,927,163
83,3331
5,152,000
691,830
Total Due During
Fiscal Year 2011-
2012
$ 63,661
DO
1 $ 63,661
13,889
46,000
3,772
Jan 1
Payments by month
$ 63,661
0
■
1 $ 63,661
13,889
46,000
3,772
Feb 1
1 $ 63,661
69
■
1 $ 63,661
13,889
46,000
3,772
Mar 1
$ 63,661
1 $ 63,661
13,8894
46,000
3,772
Apr
$ 63,661
1 $ 63,661
13,889
46,000
3,772
May 1
1 $ 5,661,432
1 $ 351,205
1 $ 5,310,227
13,889
4,646,000
650,338
J une
1 $ 5,979,737 1
1 $ 351,205 1
1 $ 5,628,532 1
ER
69
En
69
69
49
69
$ 83,3341
$ 4,876,0001
$ 669,1981
Total 1
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Funding Source:
LMIHF Low and Moderate Income Housing Fund
B Bond Proceeds
FB Reserve Balances
ACA Administrative Cost Allowance
RPTTF The Redevelopment Property Tax Trust Fund
0 Other Revenue Sources (i.e., rents, interest earnings, asset sales, etc.)
Grand total -All Pages
I Totals - Other Obligations
Totals - This Page
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Administrative Cost Allowance
(City Aid Master Agreement
'Public Works Master
Agreement_
1 City Loan Agreement # 38 !
City Loan Agreement # 35 _
(City Loan Agreement # 31
(City Loan Agreement # 27
Project Name / Debt Obligation
(City of Downey
(City of Downey
City of Downey
(City of Downey
`City of Downey
(City of Downey
(City of Downey
Payee
1 Cost Allowance
Master Agreement for City Facilities,
Employees and Services
Master Agreement for Public Improvements
(Project and Administrative Expenses
Project and Administrative Expenses
I Proiect and Administrative Expenses
1 Project and Administrative Expenses
Description
RPTTF, LMIHF,
0
RPTTF
RPTTF
RPTTF
RPTTF
RPTTF
RPTTF
Funding
Source
,_$ 29,124,195
1 $
$ 26 367,333
83,333_
5,500,000_'
20,000,000
168,000
224,000
224,000
168,000
Total Outstanding
Debtor Obli ation
$ 1,917,333
1 $ 154,000
$ 1,763,333
83,333
896,000 '
0
168,000
224,000
224,000
168,000
Total Due During
Fiscal Year 2011-
2012
$ 28,889
•
$ 28,889
13,889
8,000
0
1,500
2,000
2,000
1,500
Jan
Payments by month
$ 28,889
03
•
$ 28,889
13,889
8,000
0
1,500
2,000
2,000
1,500
Feb
1 $ 28,889
En
•
I $ 28,889
13,889
8,000
O
1,500
2,000
2,000
1,500
Mar I
1 $ 28,889
•
I $ 28,889
13,889
8,000
0
1,500
2,000
2,000
1,500
Apr I
1 $ 28,889
•
I $ 28,889
13,889
8,000
0
1,500
2,000
2,000
1,500
May
1 $ 910,825
1 $ 81,936
1 $ 828,889
13,889
808,000
0
1,500
2,000
2,000
1,500
June
1 $ 1,055,270 1
1 $ 81,936 I
I $ 973,334
03
•
69
69
$ 83,3341
$ 848,0001
$ 9,000 I
$ 12,000 1
$ 12,000
$ 9,000I
Total 1
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nity Developmen5Perfitt \DOWNEY1COC\ ROPS for Oversight Board (04-26-12) \ Page 5
Name of Redevelopment Agenc!S
Funding Source:
LMIHF Low and Moderate Income Housing Fund
B Bond Proceeds
FB Reserve Balances
ACA Administrative Cost Allowance
RPTTF The Redevelopment Property Tax Trust Fund
0 Other Revenue Sources (i.e., rents, interest earnings, asset sales, etc.)
Totals - This Page
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1 Housing Set Aside
(Contract for Site Development
Contract for Site Development
Project Name / Debt Obligation
C
City Housing Funds
National Community
Renaissance
Porto's Bakery of Downey
Payee
Pmt Pursuant to H & S Code 33681.5
Construct 50 Residential Housing Units
Business Development and Job Creation
Description
LMIHF
LMIHF
RFTTF
Funding
Source
I $ 5,570,000
320,000
5,000,000
$ 250,000(
Total
Outstanding Debt
or Obligation
I $ 2,570,000
320,000
2,000,000
$ 250,000
Total Due During
Fiscal Year 2011
2012
EA
Payments by month
I $ 32,000
32,000
$ 44,000
44,000
I $ 44,000
44,000 I
1 $ 880,000
880,000 1
$ 1,174,359
174,359 I
1,000,000
I $ 2,174,359 1
Ea
EA
EA
44
EA
En
<A
$ 174,3591
$ 2,000,0001
EA
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Funding Source:
LMIHF Low and Moderate Income Housing Fund
B Bond Proceeds
FB Reserve Balances
ACA Administrative Cost Allowance
RPTTF The Redevelopment Property Tax Trust Fund
0 Other Revenue Sources (i.e., rents, interest earnings, asset sales, etc.)
Totals - This Page
0)
Housing Set Aside
County Deferral
Chrysler /Jeep Dealership
Statutory Payment
Owner Participation Agreement
Project Name / Debt Obligation
City Housing Funds
Los Angeles County
Champion Dodge LLC
Downey Unified School
District
JKBBD, Inc. A.K.A. Bob's
Big Boy
Payee
Pmt Pursuant to H & S Code 33681.5
Contractual Deferral of Tax Increment
Business Development and Job Creation
Pmt Pursuant to H & S Code 33676
Historical Preservation and Job Creation
Description
LMIHF
RFTTF
RFTTF
RFTTF
RFTTF
Funding
Source
I $ 16,011,259
350,000
I 14,736,592
500,000
124,667
$ 300,000
Total
Outstanding Deb
or Obligation
I $ 1,071,000
350,000
500,000
121,000
$ 100,000
Total Due During
Fiscal Year 2011
2012
61
1 Jan
Payments by month
61
Feb
V,
Mar
ER
o
Apr
EA
May
1 $ 351,205
190,705.00
100,000
60,500
June
1 $ 351,205 I
69
64
EA
EA
$ 190,705 I
$ 100,000I
$ 60,5001
Total 11
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H: Community Development \ PerfithDOWNEMDC \ROBS for Oversight Board (04-26-12page 7
Funding Source:
LMIHF Low and Moderate Income Housing Fund
B Bond Proceeds
FB Reserve Balances
ACA Administrative Cost Allowance
RPTTF The Redevelopment Property Tax Trust Fund
0 Other Revenue Sources (i.e., rents, interest earnings, asset sales, etc.)
I Totals - This Page
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Housing Set Aside
County Deferral
Statutory Payment
Project Name / Debt Obligation
City Housing Funds
Los Angeles County
Downey Unified School
District
Payee
Pmt Pursuant to H & S Code 33681.5
Contractual Deferral of Tax Increment
Pmt Pursuant to H & S Code 33676
Description
LMIHF
RFTTF
RF
Funding
Source
$ 2,756,862
110,000
2,601,529
$ 45,333
Total
Outstanding Debt
or Obligation
$ 154,000
110,000
$ 44,000
Total Due During
Fiscal Year 2011
2012
[ Jan
Payments by month
Fell
Mar
69
Apr
4,
May I
I $ 81,936
59,936
22,000
June
$ 81,936 I
V)
69
09
69
40
69
69
$ 59,936
69
$ 22,000I
Total I
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Community DevelopmenttPerfithDOWNEY\CDC1ROPS for Oversight Board (04-26-12) \ Page