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4 - RESO - ESTABLISH REPAYMENT SCHEDULE
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02/19/2013
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4 - RESO - ESTABLISH REPAYMENT SCHEDULE
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Last modified
11/4/2013 8:59:51 AM
Creation date
2/19/2013 3:30:23 PM
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Template:
City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
4
Date
2/19/2013
Destruction Year
2018
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EXHIBIT A <br />CITY OF SANTA ANA, ACTING AS SUCCESSOR AGENCY TO THE FORMER <br />COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA <br />Educational Revenue Augmentation Fund (ERAF) / <br />Supplemental Revenue Augmentation Fund (SERAF) <br />Loan Repayment Schedule <br />Funds Borrowed From: Former Low and Moderate Income Housing Fund <br />Outstanding Balance Due as of 6130112: $ 5,568,314 <br />Payment Date <br />June 30, 2013 <br />December 31, 2013 <br />June 30, 2014 <br />December 31, 2014 <br />June 30, 2015 <br />December 31, 2015 <br />June 30, 2016 <br />Total <br /> <br /> <br />1,000,000 <br />1,000,000 <br />1,000,000 <br />1,000,000 <br />784,157 <br />784,157 <br />$ 5,568,314 <br />5,568,314 <br />4,568,314 <br />3,568,314 <br />2,568,314 <br />1,568,314 <br />784,157 <br />* Note: Health & Safety Code § 34176, subd. (e)(6)(B) specifies the loan repayment calculations, which is based <br />on factors not yet determined. Therefore, these repayment amounts are inherently only estimates and <br />are subject to change. <br />4-10
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