RES-SAORA-025 Obligation Payment ScheduleRESOLUTION NO. SAORA -025
A RESOLUTION OF THE GOVERNING BOARD OF
THE SUCCESSOR AGENCY TO THE ORANGE
REDEVELOPMENT AGENCY APPROVING A
RECOGNIZED OBLIGATION PAYMENT
SCHEDULE FOR THE FISCAL PERIOD FROM
JULY 1, 2017 THROUGH JUNE 30, 2018, PURSUANT
TO HEALTH AND SAFETY CODE SECTION 34177
AND TAKING CERTAIN RELATED ACTIONS.
WHEREAS, pursuant to Health and Safety Code Section 34177(o), the Successor
Agency to the Orange Redevelopment Agency (the Successor Agency) must prepare a
Recognized Obligation Payment Schedule listing the anticipated payments for enforceable
obligations to be made by the Successor Agency during the fiscal period from July 1, 2017
through June 30, 2018 (ROPS 17 -18) and submit ROPS 17 -18 to the oversight board of the
Successor Agency (the Oversight Board) for approval; and
WHEREAS, pursuant to Health and Safety Code Section 34177(1)(2)(B), at the same
time that the Successor Agency submits ROPS 17 -18 to the Oversight Board for approval, the
Successor Agency must submit a copy of such ROPS 17 -18 to the State Department of Finance
the DOF), the County administrative officer, and the County Auditor - Controller; and
WHEREAS, pursuant to Health and Safety Code Section 34177(1)(2) and Section
34177 (o)(1), the Successor Agency must: (i) submit the Oversight Board - approved ROPS 17-
18 to the DOF, the Office of the State Controller, and the County Auditor - Controller no later
than February 1, 2017, and (ii) post a copy of the Oversight Board - approved ROPS 17 -18 on
the Successor Agency's website.
NOW THEREFORE, the Governing Board of the Successor Agency to the
Orange Redevelopment Agency does hereby find, determine, resolve, and order as
follows:
Section 1. The above recitals are true and correct and are a substantive part of this
Resolution.
Section 2. ROPS 17 -18, substantially in the form attached hereto as Exhibit A , is
hereby approved. The Executive Director of the Successor Agency, in consultation with the
Successor Agency's legal counsel, may modify ROPS 17 -18 as the Executive Director or the
Successor Agency's legal counsel deems necessary or advisable.
Section 3 . Staff is hereby authorized and directed to submit a copy of ROPS 17 -18
to the Oversight Board for approval and, at the same time, transmit a copy of ROPS 17 -18 to
the DOF, the County Auditor - Controller and the County administrative officer as designated
by the County.
Section 4 . Staff is hereby authorized and directed to submit a copy of Oversight
Board- approved ROPS 17 -18 to the DOF, the Office of the State Controller, and the County
Auditor - Controller. If the Oversight Board has not approved ROPS 17 -18 by February 1, 2017,
Staff is hereby authorized and directed to transmit ROPS 17 -18 to the DOF, the Office of the
State Controller, and the County Auditor - Controller by February 1, 2017, with a written
notification regarding the status of the Oversight Board's review. Written notice and
information regarding the action of the Oversight Board shall be provided to the DOF by
electronic means and in a manner of DOF's choosing.
Section 5 . Staff is hereby authorized and directed to post a copy of the Oversight
Board- approved ROPS 17 -18 on the Successor Agency's Internet website (being a page on the
Internet website of the City of Orange).
Section 6 . The officers and other Staff members of the Successor Agency are
hereby authorized and directed, jointly and severally, to do any and all things which they may
deem necessary or advisable to effectuate this Resolution, including but not limited to
requesting additional review by the DOF and an opportunity to meet and confer on any
disputed items, and making adjustments to ROPS 17 -18 pursuant to the DOF's instructions,
and any such actions previously taken are hereby ratified and confirmed.
PASSED AND ADOPTED this 10th day of January 2017.
T — eresA E. Smith
Chairperson of the Successor Agency
ATTEST:
Mary E.
Clerk of fhe Successor Agency
Resolution No. SAORA -025
STATE OF CALIFORNIA
COUNTY OF ORANGE
CITY OF ORANGE
I hereby certify that the foregoing Resolution was duly and regularly adopted by
Governing Board of the Successor Agency to the Orange Redevelopment Agency at a regular
meeting thereof held on the 10th day of January 2017, by the following vote:
AYES:BOARD MEMBERS:Alvarez, Whitaker, Smith, Murphy, Nichols
NOES:BOARD MEMBERS:None
ABSENT:BOARD MEMBERS:None
ABSTAIN:BOARD MEMBERS:None
Mary E.
Clerk of e Successor Agency
Resolution No. SAORA -025
EXHIBIT A
SUCCESSOR AGENCY TO THE ORANGE REDEVELOPMENT AGENCY
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
July 1, 2017 — June 30, 2018)
Resolution No. SAORA -025
Recognized Obligation Payment Schedule (BOPS 17 -18) - Summary
Filed for the July 1, 2017 through June 30, 2018 Period
Successor Agency: Orange City
County: Orange
17 -18A Total 17 -18B Total
Current Period Requested Funding for Enforceable Obligations (BOPS Detail) (July - December) (January - June) ROPS 17 -18 Total
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:
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.
736,595 $ - $ 736,595
736,595 736,595
5,002,468 $2,098,940 $7,101,408
4,877,468 1,973,940 6,851,408
125,000 125,000 250,000
5,739,063 $2,098,940 $7,838,003
Name Title
s/
Signature Date
Orange City Recognized Obligation Payment Schedule (ROPS 17 -18) - ROPS Detail
July 1, 2017 through June 30, 2018
Report Amounts in Whole Dollars
A B c D E F G H I J K L M N O P O p S T U V W
17 -18A (July - December)17 -188 (January - June)
Fund Sources Fund Sources
Contract/Agreement Contract/Agreement Total Outstanding ROPS 17 -18 17 -18A 17 -18B
Item #Project Name/Debt Obligation Obligation Type Execution Date Termination Date Payee Description /Project Scope Project Area Debt or Obligation Retired Total Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Total Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Total
81,972,883 7,838,003 736,595 4,877,468 125,000 5,739,063 1,973,940 125,000 2,098,940
2 1997, 2003 A &B and 2008 A &B Fees 6/111997 9/1/2037 US Bank Fiscal Agent Fees 189,965 N 7,900 7,900 7,900
Bonds
3 1997 -2008 Bonds Fees 6/1/1997 9/1/2037 Willdan Bond disclosure fee 186,650 N 7,700 4,700 4,700 3,000 3,000
4 1997 -2008 Bonds Fees 5/22/2012 9/1/2037 Richards,Watson &Bond counsel 17,500 N 10,000 5,000 5,000 5,000 5,000
Gershon
8 Orange City Mills Business Incentive 9/10/1996 1/20/2018 Mills Limited Partnership Promissory note based on 2,315,994 N 1,200,000 500,000 500,000 700,000 700,000
Agreements performance
27 Metrolink Parking Structure Professional Services 5/7/2010 9/1/2037 Griffin Structures, Inc.Prof mgmt for design of Metrolink Y
Parking Project
28 Metrolink Parking Structure Professional Services 11/15/2010 9/1/2037 LPA Inc Design services for Lemon Street Y
Parking Project
L...
34 Agency Asset Transfer /Disposition Litigation 2116 /2010 7/5/2039 Kane Balmer & Berkman Legal services to assist with SA Y
property disposition.
49 Retirement Cost Obligation Unfunded Liabilities 8/16/1983 7/5/2039 Cal PERS Future retirement cost obligation 924,320 N 21,062 10,531 10,531 10,531 10,531
60 2008 Tax Allocation Bonds Series A Bonds Issued On or Before 5/112008 5/1/2038 US Bank To fund Orange Merged & Amended 43,411,250 N 1,759,263 216,364 946,318 7125,000 1,162,682 596,581 596,581
12/31/10
61 2008 Tax Allocation Bonds Series B Bonds Issued On or Before 5/1/2008 5/1/2038 US Bank To fund Orange Merged & Amended 7,112,704 N 645,203 504,650 504,650 140,553 140,553
12/31/10
70 Successor Agency Administrative Admin Costs 8/16/1983 7/5/2039 various Costs for maintaining Successor 250,000 N 250,000 125,000 125,000 125,000
Costs Agency operations
94 State College Remnant Project.Project Management Costs 8/16/1983 9/1/2037 City of Orange Project Management Costs for ED Y
UCI owns the property adjacent to Manager (30 hours) to complete
106 Metrolink Parking Structure Design Project Management Costs 8/16/1983 12/31/2015 various Staff cost for design phase Y
128 2014 Tax Allocation Refunding Bonds Issued After 12/31/10 12/4/2014 9/1/2023 US Bank 2014 Bond Refunding of the 1997 Tax 27,564,500 N 3,936,875 3,426,500 3,426,500 510,375 510,375
Bonds Series A Allocation Parity Bonds, Series A and
the 2003 Tax Allocation Refunding
Bonds, Series A. DOF approved
Resolution No. OB -0055 that
authorized the bond refunding and
1
issuance.
130 N
Orange City Recognized Obligation Payment Schedule (ROPS 17 -18) - Report of Cash Balances
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 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
A B C D E I F G H I
Fund Sources
Bond Proceeds Reserve Balance Other RPTTF
Prior BOPS
Prior BOPS RPTTF
Bonds issued on period balances distributed as Rent,Non - Admin
or before Bonds issued on and DDR RPTTF reserve for future grants,and
Cash Balance Information by ROPS Period 12/31/10 or after 01/01/11 balances retained period(s)interest, etc.Admin Comments
ROPS 15 -16B Actuals (01/01/16 - 06/30/16)
1 Beginning Available Cash Balance (Actual 01/01/16)
Col E & F: Prior period balances $265,046
Col G: Other funds $1,268,592
Col H: 14 -15B PPA $1,970,332
2,647,819 21,424 148,641 116,405 1,268,592 2,696,057 Col H: 15 -16A PPA $725,725
2 Revenue /Income (Actual 06/30/16)
RPTTF amounts should tie to the ROPS 15 -16B distribution from the
County Auditor - Controller during June 2016 Col G: 15 -16B revenue $415,300
Col H: 15 -16B RPTTF $40,848 Col
22,226 415,300 6,119,818 H: 16 -17A RPTTF $6,078,970
3 Expenditures for ROPS 15 -16B Enforceable Obligations (Actual
06/30/16)
21,423 148,641 116,405 588,949 1,426,500 Col E:H Total exp 6/30/16= 2,280,495
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)
Col G: 16 -17A Unexpended Other Funds;
358,348 6,078,970 Col H: 16 -17A RPTTF
5 ROPS 15 -16B RPTTF Balances Remaining
No entry required
584,680 15 -16B PPA
6 Ending Actual Available Cash Balance
C to G = (1 +2 -3 -4), H =(1 +2- 3 -4 -5)
2,670,045 1 736,595 725,725 Col H: 15 -16A PPA