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HomeMy WebLinkAbout0001_3_ROPs - Exhibit BSuccessor Agency:Lake Elsinore County:Riverside Current Period Requested Funding for Enforceable Obligations (ROPS Detail) ROPS 17-18B Authorized Amounts ROPS 17-18B Requested Adjustments ROPS 17-18B Amended Total A 1,871,237$ 487,845$ 2,359,082$ B - - - C 1,610,000 487,845 2,097,845 D 261,237 - 261,237 E 5,310,285$ 1,263,008$ 6,573,293$ F 5,150,520 1,263,008 6,413,528 G 159,765 - 159,765 H Current Period Enforceable Obligations (A+E):7,181,522$ 1,750,853$ 8,932,375$ 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. Amended Recognized Obligation Payment Schedule (ROPS 17-18B) - Summary Filed for the January 1, 2018 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 Total Outstanding Balance Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF $ 197,353,992 $ - $ 1,610,000 $ 261,237 $ 5,150,520 $ 159,765 $ 7,181,522 $ - $ 487,845 $ - $ 1,263,008 $ - $ 1,750,853 1 Tax Allocation Revenue Bonds, 2010 Series A Bonds Issued On or Before $ 20,730,631 - - - 495,128 $ 495,128 495,128 $ 495,128 Pursuant to the Indenture for the 2010A Bonds, the 2 Tax Allocation Revenue Bonds, 2010 Series B Bonds Issued On or Before 12/31/10 $ 8,436,813 - - - 469,769 $ 469,769 469,769 $ 469,769 Pursuant to the Indenture for the 2010A Bonds, the Successor Agency is required to reserve an amount equal to the September 1, 2018 debt service. 3 Tax Allocation Revenue Bonds, 2010 Series C Bonds Issued On or Before 12/31/10 $ 31,076,749 - - - 1,111,198 $ 1,111,198 111,197 $ 111,197 Pursuant to the Indenture for the 2010A Bonds, the Successor Agency is required to reserve an amount equal to the September 1, 2018 debt service. 12 Summerly DDA OPA/DDA/Construction $ 29,529,485 - 1,100,000 - 562,844 $ 1,662,844 487,845 85,833 $ 573,678 RPTTF Adjustment based on 2017-18 AV Reserve Balance Adjustment based on anticipated DDA payment obligations 13 Summerly DDA Extraordinary Infrastructure Fund OPA/DDA/Construction $ 7,467,288 - 200,000 - 96,086 $ 296,086 101,081 $ 101,081 RPTTF Adjustment based on 2017-18 AV 18 City Reimbursement LERA Bonds Issued After 12/31/10 $ 16,937,000 - 310,000 - 565,850 $ 875,850 $ - 19 Housing Fund Loan SERAF/ERAF $ 2,395,746 - - - - $ - $ - 20 Housing Fund Loan Third-Party Loans $ 26,699,792 $ - $ - $ - $ - $ - $ - $ - 22 Legal Services Fees $ 120,000 - - - 60,000 $ 60,000 $ - 23 Consultant Fees Fees $ 16,280 - - - 8,140 $ 8,140 $ - 28 Estimated Admin Cost Admin Costs $ 5,748,175 - - - - $ - $ - 29 Stadium License Agreement Miscellaneous $ 5,393,782 - - 261,237 - $ 261,237 $ - 30 Stadium Maintenance Agreement Property Maintenance $ 2,518,045 - - - - $ - $ - 31 Stadium Concession Agreement Miscellaneous $ 340,000 - - - - $ - $ - 32 Stadium Operation and Maintenance Property Maintenance $ 27,480,119 - - - - $ - $ - 33 Interim Stadium Management Agmt.Miscellaneous $ 2,310,056 - - - 1,252,708 $ 1,252,708 $ - 34 Riverside County Flood Control District Improvement/Infrastructure $ - - - - - $ - $ - 35 Administrative Reimbursement RPTTF Shortfall $ - - - - - $ - $ - 38 Contract for Auditing Services Fees $ - - - - - $ - $ - 39 Bond Disclosure Services Fees $ 101,450 - - - 6,650 $ 6,650 $ - 40 Property Maintenance Property Maintenance $ 20,000 - - - 10,000 $ 10,000 $ - 41 Subordinated Tax Allocation Refunding Bonds, Series 2015 Bonds Issued After 12/31/10 $ 9,259,531 - - - 479,897 $ 479,897 $ - 42 Fiscal Agent Fees Fees $ 114,800 - - - - $ - $ - 43 Housing Authority Admin. Cost Admin Costs $ 600,000 $ - $ - $ - $ - $ - $ - $ - 44 Reconveyance Cost Property Dispositions $ 52,250 - - - 32,250 $ 32,250 $ - 45 Arbitrage Fees Fees $ 6,000 - - - - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - REQUESTED ADJUSTMENTS Total Notes Lake Elsinore Amended Recognized Obligation Payment Schedule (ROPS 17-18B) - ROPS Detail January 1, 2018 through June 30, 2018 (Report Amounts in Whole Dollars) Item # AUTHORIZED AMOUNTS Total Project Name/Debt Obligation Obligation Type Fund Sources Fund Sources