HomeMy WebLinkAbout2013-001 SA2/13/13 LES
SUCCESSOR AGENCY RESOLUTION NO. 2013-001
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA
ACTING AS SUCCESSOR AGENCY TO THE FORMER COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA
APPROVING THE FOURTH RECOGNIZED OBLIGATION PAYMENT
SCHEDULE (ROPS), ROPS 13-14 A, AND ADOPTING AND
APPROVING THE SUCCESSOR AGENCY'S ADMINISTRATIVE
BUDGET FOR THE PERIOD OF JULY 1, 2013 THROUGH DECEMBER
31, 2013 PURSUANT TO HEALTH AND SAFETY CODE SECTION
34177(m), AND CERTAIN OTHER ACTIONS PURSUANT TO PART 1.85
OF DIVISION 24 OF THE CALIFORNIA HEALTH AND SAFETY CODE
("DISSOLUTION ACT")
BE IT RESOLVED BY THE MEMBERS OF THE SUCCESSOR AGENCY OF THE CITY OF
SANTA ANA, AS FOLLOWS:
Section 1. The City Council of Santa Ana, acting as Successor Agency, conclusively
finds, determines and declares as follows:
A. Pursuant to the Dissolution Act, on January 9, 2012, pursuant to section
34173 of the California Health & Safety Code, the City of Santa Ana ("City") elected to
serve as the Successor Agency for the dissolved Community Redevelopment Agency
("Agency") of the City of Santa Ana and selected the Housing Authority of the City of
Santa Ana to act as "Successor Housing Agency".
B. The City Council serves as the governing body of the Successor Agency
under the Dissolution Act, as amended by AB 1484, to administer the enforceable
obligations of the Agency and otherwise unwind the Agency's affairs. Many actions of
the Successor Agency are subject to the review and approval of a seven member
Oversight Board.
C. The first, second and third ROPS and associated administrative budgets
were all approved by the Oversight Board and Successor Agency as required by law.
The documents were made available to the appropriate entities [State Controller's Office,
State Department of Finance (DOF), and County-Auditor Controller] as required by law.
The DOF approved these ROPS, however, several items deemed enforceable
obligations by the Oversight Board and Successor Agency were disapproved by DOF,
which the Agency disputed via a Meet and Confer on November 20, 2012. As a result of
the Meet and Confer, the DOF issued a Determination Letter dated December 18, 2012,
reversing its decision on several items finding them enforceable obligations. However,
several other items continue to be disputed by the Agency.
D. Additionally, there is pending litigation (Gerald Peebler, et al., v. State of
California Department of Finance, et al., Case No. 34-2012-80001172), regarding the
South Main Settlement Agreement, one of the enforceable obligations on the prior ROPS
which was approved by the Oversight Board and Successor Agency, but denied by DOF.
Resolution No. 2013-001
Page 1 of 3
E. The ROPS (Exhibit A) and Budget (Exhibit B) for the July 1, 2013 through
December 31, 2013 period were approved by the Oversight Board and are now being
presented for Successor Agency approval. Based on the DOF instructions, the DOF is
allowing the Oversight Board/Successor Agency to include previously disputed items on
this ROPS. These disputed items are included as directed in the "Notes" section of the
form provided by DOF.
F. Following action by the Successor Agency, the ROPS and Budget will be
forwarded to the DOF and county auditor-controller as required by AB 1484.
G. Pursuant to AB 1484, Health and Safety Code Section 34177(m), this
approved ROPS must be submitted to the DOF and county auditor-controller no fewer
than 90 days before the date of property tax distribution, or the Successor Agency/City
will be subject to severe financial penalties.
H. Health and Safety Code Section 34173(e) provides that "the liability of any
successor agency, acting pursuant to the powers granted under the act adding this part,
shall be limited to the extent of the total sum of property tax revenues it receives pursuant
to this part and the value of assets transferred to it as a successor agency for a dissolved
redevelopment agency." Thus, the City's obligations as Successor Agency are limited by
the amount of property taxes and the value of assets it receives in its role as the
Successor Agency. Despite this language, the Dissolution Act (as amended by AB
1484) also provides for the withholding and diversion of sales tax and property tax
revenues otherwise due to the City in order to recover certain expenditures deemed to
have been improperly made by the former Agency; however this offset is inapplicable to
the present actions, and there are various lawsuits, including one filed by the League of
California Cities, that are challenging the constitutionality of the sales and property tax
off-set penalties to cities.
Section 2. The Successor Agency approves the Recognized Obligation Payment
Schedule, attached hereto as Exhibit A and incorporated herein by this reference, which
establishes those obligations which the Community Redevelopment Agency of the City of Santa
Ana has binding commitments that it has entered into and includes legal commitments that it is
obligated to perform from July 1, 2013 through December 31, 2013, in order to meet the pre-
existing commitments of contracts and obligations that were established prior to the effective
date of the Dissolution Act.
Section 3. Pursuant to the Dissolution Act, the Successor Agency approves the
proposed Administrative Budget, attached hereto as Exhibit B and incorporated herein by this
reference. Following action by the Successor Agency, the ROPS and Budget will be forwarded
to the DOF and the county auditor-controller as required by AB 1484.
Section 4. The City Manager, or his/her designee ("City Manager'), is directed to file
the Recognized Obligation Payment Schedule and the Administrative Budget in the manner
required by law.
Resolution No. 2013-001
Page 2 of 3
2/13/13 LES
Section 5. The City Manager and/or the Director of Finance, or their respective
designees, as delegated officials of the City acting as Successor Agency, are authorized to
make or accept any augmentation, modification, additions, or revisions to the ROPS and/or
Administrative Budget as may be necessary and appropriate in their reasonable discretion,
based on review or communications from the from the Oversight Board, the State Department of
Finance or County of Orange.
Section 6. The Clerk of the Council shall certify to the adoption of this Resolution.
ADOPTED this 19TH day of February 2013.
Mayor
APPROVED AS TO FORM:
Sonia R. Carvalho, City Attorney
B i?? , C
Lisa E. Storck
Assistant City Attorney
AYES: Councilmembers
NOES: Councilmembers
ABSTAIN: Councilmembers
NOT PRESENT: Councilmembers:
Amezcua, Benavides, Martinez, Pulido, Reyna (5)
None
None (0)
Sarmiento, Tinalero (2)
CERTIFICATION OF ATTESTATION AND ORIGINALITY
I, Maria D. Huizar, Clerk of the Council, do hereby attest to and certify the attached Resolution
No. 2013-001 to be the original resolution adopted by the City Council acting as the Successor
Agency on February 19, 2013.
r
Date:
Maria D. Huizar,
Clerk of the Council
Resolution No. 2013-001
Page 3 of 3
SUCCESSOR AGENCY CONTACT INFORMATION
Successor Agency
ID:
County:
Successor Agency:
Primary Contact
Honorific (Ms, Mr, Mrs)
First Name
Last Name
Title
Address
City
State
Zip
Phone Number
Email Address
Secondary Contact
Honorific (Ms, Mr, Mrs)
First Name
Last Name
Title
Phone Number
Email Address
209
Orange
Santa Ana
Edwards
Interim Executive Director
60 Civic Center Plaza, M-25
Santa Ana
CA
92701
714-647-5360
nedwards@santa-ana.org
Sandi
Gottlieb
Program Manager
714-647-6585
sgottlieb@santa-ana.org
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SANTA ANA (ORANGE)
RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 13-14A) -- Notes (Optional)
July 1, 2013 through December 31, 2013
Item # Project Name / Debt Obligation Notes/Comments
1 2011 Tax Allocation Bonds Series A Amount per debt service schedule.
2 2011 Tax Allocation Bonds Series A-
Indenture of Trust No payment due this ROPS six-month period.
3 2011 Tax Allocation Bonds Series A-
Indenture of Trust Estimated amount.
4 2011 Tax Allocation Bonds Series A-
Indenture of Trust No payment due this ROPS six-month period.
5 2003 Tax Allocation Bonds Series A Amount per debt service schedule. $640,905 needed from RPTTF. $290,000 approved by DOF and received in ROPS 3 period (Rese
6 2003 Tax Allocation Bonds Series A-
Indenture of Trust No payment due this ROPS six-month period.
7 2003 Tax Allocation Bonds Series A-
Indenture of Trust Estimated amount.
8 2003 Tax Allocation Bonds Series A-
Indenture of Trust No payment due this ROPS six-month period.
9 2003 Tax Allocation Bonds Series B Amount per debt service schedule. $1,469,500 needed from RPTTF. $1,042,500 approved by DOF and received in BOPS 3 period (F
10 2003 Tax Allocation Bonds Series B-
Indenture of Trust No payment due this ROPS six-month period.
11 2003 Tax Allocation Bonds Series B-
Indenture of Trust Estimated amount.
12 2003 Tax Allocation Bonds Series B-
Indenture of Trust No payment due this ROPS six-month period.
13 Lease Agreement re: 2003 Ref COPS Series
A Amount per debt service schedule.
14 Settlement Agreements -Housing See comments for Item #123.
15 Settlement Agreement - S. Main
Commercial Corridor See comments for Item #124.
16 Settlement Agreements - Housing
Obligation See comments for Item #125.
17 South Main Settlement Agreement -
Current Obligation See comments for Item #126.
18 Litigation for Item #15, 17, 22 $75,000 remaining amount from original $200,000 of the Reserve Balance previously identified in ROPS 3. ($100,000 approved for
approved for ROPS 2 period (line Item #118.) Additional $100,000 estimated from RPTTF for continued defense and litigation fees
19 Fashion Square (Mainplace Mall) Loan Estimated amount.
20 Housing Loan for ERAF FY 05-06 Estimated amount.
21 Housing Loan for ERAF FY 09-30 No payment due this ROPS six-month period.
22 South Main Commercial Corridor Loan for
SERAF FY 09-10 See comments for Item #127.
23 Santa Ana Unified School District
Settlement Agreement No longer applicable.
24 Rancho Santiago Community College
District Settlement Agreement No longer applicable.
25 Orange County Department of Education
Settlement Agreement No longer applicable.
26 OPA- Imperial Hotel Group Estimated amount.
27 Project Costs for Item #26 Estimated amount.
28 DDA - Sycamore Parking Concepts Amount per DDA.
29 Project Costs for Item #28 Estimated amount.
30 Erickson Lease Agreement - Honda Amount per Lease Agreement.
31 Project Costs for Item #30 Estimated amount.
32 Project Costs for Nexus Permit Fees No payment due this ROPS six-month period.
33 Off Site Improvements (Nexus) No payment due this ROPS six-month period.
34 Project Costs for Item #33 No payment due this ROPS six-month period.
35
36 SA Venture Partnership & Other
MainPlace Agreements
Project Costs for Item #35 No payment projected to be due this ROPS six-month period.
Estimated amount.
37 DDA - Discovery Science Center Estimated amount.
38 Project Costs for Item #37 Estimated amount.
SANTA ANA (ORANGE)
RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 13-14A) -- Notes (Optional)
July 1, 2013 through December 31. 2013
Item # Project Name / Debt Obligation Notes/Comments
39 Project Costs for BARCO Agreement Estimated amount.
40
41 Project Costs for Auto Mall Dealers
Parking Lot Agreement
Project Costs for Penske DDA Estimated amount.
Estimated amount to be paid from bond proceeds.
42 Project Costs for CC&R Obligation Estimated amount.
43 Downtown Parking Structure
Improvements No payment due this ROPS six-month period.
44 Project Costs for Item #43 No payment due this ROPS six-month period.
45 Public Improvements No payment due this ROPS six-month period.
46 Project Costs for Item #45 No payment due this ROPS six-month period.
47 Non-Housing Asset Maintenance &
Disposition Estimated amount.
48 Agmt for Legal/Litigation Services Estimated amount to be paid from Other funding source (revenue from FY 12/13).
49 Agmt for Financial Consulting Estimated amount to be paid from Other funding source (revenue from FY 12/13).
50 Agmt for Financial Consulting Services No payment projected to be due this ROPS six-month period.
51 Agmt for Real Estate Appraisal Services No payment projected to be due this ROPS six-month period.
52 Agmt for Commercial & Residential Loan
Processing No payment projected to be due this ROPS six-month period.
53 Agmt for Environmental Assessments No payment projected to be due this ROPS six-month period.
54 Agmt for Engineering Services No payment projected to be due this ROPS six-month period.
55 Agmt for Real Estate Consulting No payment projected to be due this ROPS six-month period.
56 Agmt for Attorney Services No payment projected to be due this ROPS six-month period.
57 Agmt for Property Management Services No payment projected to be due this ROPS six-month period.
58 Agmt for Consulting Services No payment projected to be due this ROPS six-month period.
59 Litigation Services Estimated amount for anticipated litigation expenses from additional lawsuits. Includes potential/threatened litigation from afforc
group(s), developers under DDAs; five settlement agreements (Item #14 - 17), etc.
60 Agmt for Agency/Project Management No payment due this ROPS six-month period.
61 Agmt for Financial/Project Management Estimated amount to be paid from Other funding source (revenue from FY 12/13).
62 Audited Financial Statements / Due
Diligence Reviews (Loan) Estimated amount for Successor Agency share of the city-wide financial statements, as required by the Continuing Disclosures of tl
& 10).
63 Employee Pension Liability Estimated amount per Section 34171 (d)(1)(C).
64 Other Postemployment Benefits (OPEB) Estimated amount per Section 34171 (d)(1)(C).
65 Actuarial Study No payment due this ROPS six-month period.
66 Successor Agency Admin. Estimated amount from RPTTF (excluding the 3% from Item #128-148). Estimated amount from Other funding source (revenue fro
67 Oversight Board Support Estimated amount.
68 DDA - Vista Del Rio Hsg Partners LP See comments for Item #128.
69 Project Costs for Item #68 See comments for Item #129.
70 DDA - Habitat for Humanity See comments for Item #130.
71 Project Costs for Item #70 See comments for Item #131.
72 DDA - Station District New Construction See comments for Item #132.
73 Project Costs for Item #72 See comments for Item #133.
74 DDA - Station District New Construction See comments for Item #134.
75 Project Costs for Item #74 See comments for Item #135.
76 DDA - Station District New Construction See comments for Item #136.
77 Project Costs for Item #76 See comments for Item #137.
78 DDA- WBB New Const. See comments for Item #138.
79 Project Costs for Item #78 See comments for Item #139.
80 DDA- WBB New Const. See comments for Item #140.
81 Project Costs for Item #80 See comments for Item #141.
82 DDA - WBB New Const. See comments for Item #142.
83 Project Costs for Item #82 See comments for Item #143.
84 DDA - WBB New Const. See comments for Item #144.
85 Project Costs for Item #84 See comments for Item #145.
86 Station District Lawsuit Settlement See comments for Item #146.
87 Project Costs for Item #86 See comments for Item #147.
88 Housing Asset Maintenance & Disposition See comments for Item #148.
SANTA ANA (ORANGE)
RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 13-14A) -- Notes (Optional)
July 1, 2013 through December 31, 2013
Item # Project Name / Debt Obligation Notes/Comments
89 2011 Tax Allocation Bonds Series A- Actual amount spent in ROPS 2 period. This item was denied on ROPS 2 (line item #1), so it was included again on ROPS 3 (line iterr
Indenture of Trust Confer Final Determination letter dated December 18, 2012 stated that "although Finance agrees that these items may be enforce;
administrative cost cap, the Agency did not provide documentation to demonstrate its position." Successor Agency staff provided
invoices on January 14, 2013, and is awaiting an official response from DOF. Therefore, without a formal resolution on this item, it
suggested in DOF's December 18, 2012 letter.
90 2003 Tax Allocation Bonds Series A- Actual amount spent in ROPS 2 period. This item was denied on ROPS 2 (line item #2), so it was included again on ROPS 3 (line iterr
Indenture of Trust Confer Final Determination letter dated December 18, 2012 stated that "although Finance agrees that these items may be enforce;
administrative cost cap, the Agency did not provide documentation to demonstrate its position." Successor Agency staff provided
invoices on January 14, 2013, and is awaiting an official response from DOF. Therefore, without a formal resolution on this item, it
suggested in DOF's December 18, 2012 letter.
91 2003 Tax Allocation Bonds Series B- Actual amount spent in ROPS 2 period. This item was denied on ROPS 2 (line item #3), so it was included again on ROPS 3 (line iterr
Indenture of Trust Confer Final Determination letter dated December 18, 2012 stated that "although Finance agrees that these items may be enforce:
administrative cost cap, the Agency did not provide documentation to demonstrate its position." Successor Agency staff provided
invoices on January 14, 2013, and is awaiting an official response from DOF. Therefore, without a formal resolution on this item, it
suggested in DOF's December 18, 2012 letter.
92 Settlement Agreements - Housing See comments for Item #123.
93 Settlement Agreement- S. Main See comments for Item #124.
Commercial Corridor
94 Project Costs for Item #26 No longer applicable. See comments for Item #27.
95 Project Costs for Item #28 No longer applicable. See comments for Item #29.
96 Project Costs for Item #30 No longer applicable. See comments for Item #31.
97 Project Costs for Item #35 Actual amount spent in ROPS 2 period. This item was denied on ROPS 2 (line item #23), so it was included again on ROPS 3 (line ite
Confer Final Determination letter dated December 18, 2012 stated that "although Finance agrees that these items may be enforce;
administrative cost cap, the Agency did not provide documentation to demonstrate its position." Successor Agency staff provided
reports on January 14, 2013, and is awaiting an official response from DOF. Therefore, without a formal resolution on this item, it i
suggested in DOF's December 18, 2012 letter.
98 Project Costs for Item #37 Actual amount spent in ROPS 2 period. This item was denied on ROPS 2 (line item #19), so it was included again on ROPS 3 (line ite
Confer Final Determination letter dated December 18, 2012 stated that "although Finance agrees that these items may be enforce;
administrative cost cap, the Agency did not provide documentation to demonstrate its position." Successor Agency staff provided
reports on January 14, 2013, and is awaiting an official response from DOF. Therefore, without a formal resolution on this item, it i
suggested in DOF's December 18, 2012 letter.
99 Project Costs for BARCO Agreement Actual amount spent in ROPS 2 period. This item was denied on ROPS 2 (line item #18), so it was included again on ROPS 3 (line ite
Confer Final Determination letter dated December 18, 2012 stated that "although Finance agrees that these items may be enforce:
administrative cost cap, the Agency did not provide documentation to demonstrate its position." Successor Agency staff provided
reports on January 14, 2013, and is awaiting an official response from DOF. Therefore, without a formal resolution on this item, it i
suggested in DOF's December 18, 2012 letter.
100 Project Costs for Auto Mall Dealers No longer applicable. See comments for Item #40.
Parking Lot Agreement
101 Project Costs for Penske DDA Actual amount spent in ROPS 2 period. This item was denied on ROPS 2 (line item #21), so it was included again on ROPS 3 (line ite
Confer Final Determination letter dated December 18, 2012 stated that "although Finance agrees that these items may be enforce;
administrative cost cap, the Agency did not provide documentation to demonstrate its position." Successor Agency staff provided
reports on January 14, 2013, and is awaiting an official response from DOF. Therefore, without a formal resolution on this item, it i
suggested in DOF's December 18, 2012 letter.
102 Project Costs for CC&R Obligation Actual amount spent in ROPS 2 period. This item was denied on ROPS 2 (line item #22), so it was included again on ROPS 3 (line ite
Confer Final Determination letter dated December 18, 2012 stated that "although Finance agrees that these items may be enforce;
administrative cost cap, the Agency did not provide documentation to demonstrate its position." Successor Agency staff provided
reports on January 14, 2013, and is awaiting an official response from DOF. Therefore, without a formal resolution on this item, it i
suggested in DOF's December 18, 2012 letter.
103 Non-Housing Asset Maintenance & Actual amount spent in ROPS 2 period. This item was denied on ROPS 2 (line item #87), so it was included again on ROPS 3 (line ite
Disposition Confer Final Determination letter dated December 18, 2012 stated that "although Finance agrees that these items may be enforce;
administrative cost cap, the Agency did not provide documentation to demonstrate its position." Successor Agency staff provided
reports on January 14, 2013, and is awaiting an official response from DOF. Therefore, without a formal resolution on this item, it i
suggested in DOF's December 18, 2012 letter.
104 Project Costs for Item #68 See comments for Item #129.
105 DDA - Habitat for Humanity See comments for Item #130.
106 Project Costs for Item #70 See comments for Item #131.
107 Project Costs for Item #72 See comments for Item #133.
SANTA ANA (ORANGE)
RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 13-14A) -- Notes (Optional)
July 1, 2013 through December 31, 2013
Item # Project Name / Debt Obligation Notes/Comments
108 Project Costs for Item #74 See comments for Item #135.
109 Project Costs for Item #76 See comments for Item #137.
110 Project Costs for Item #78 See comments for Item #139.
111 Project Costs for Item #80 See comments for Item #141.
112 Project Costs for Item #82 See comments for Item #143.
113 Project Costs for Item #84 See comments for Item #145.
114 Project Costs for Item #86 See comments for Item #147.
115 Housing Asset Maintenance & Disposition See comments for Item #148.
116 Audited Financial Statements Actual amount spent in ROPS 2 period. This item was denied on ROPS 2 (line item #91), so it was included again on ROPS 3 (line ite
Confer Final Determination letter dated December 18, 2012 stated that "although Finance agrees that these items may be enforce;
administrative cost cap, the Agency did not provide documentation to demonstrate its position." Successor Agency staff provided
January 14, 2013, and is awaiting an official response from DOF. Therefore, without a formal resolution on this item, it is included
in DOF's December 18, 2012 letter. Total amount spent also includes expenditures for the Due Diligence Review (line Item #62 on I
DOF.
117 SA Venture Partnership & Other No longer applicable. See comments for Item #35.
MainPlace Agreements
118 Litigation for Item #15, 17, 22 See comments for Item #18.
119 Employee Layoff/Termination Payment Estimated amount per Section 34171 (d)(1)(C).
Obligations
120 Employee Obligations Estimated amount per Section 34171 (d)(1)(C).
121 Project Costs for Item #13 Estimated amount.
122 Project Costs for Item #19 Estimated amount.
123 Settlement Agreements - Housing Zero amount requested this ROPS six-month period, as DOF has denied this item on previous ROPS. However, as the Successor Agc
settlement agreements are continuing enforceable obligations and there are lawsuit(s) pending that have yet to be conclusively de
item is again included on ROPS 13-14A. Total Due During FY 13-14 Column amount of $26,332,573 is an estimated amount of form
have been/should be allocated to the Successor Agency for the period of February 1, 2012 through December 31, 2013 (ROPS 1, 2,
124 Settlement Agreement - S. Main Zero amount requested this ROPS six-month period, as DOF has denied this item on previous ROPS. However, as the Successor Age
Commercial Corridor agreement is a continuing enforceable obligation and there is a lawsuit pending that has yet to be conclusively determined by the
included on ROPS 13-14A. Total Due During FY 13-14 Column amount of $3,850,000 is an estimated amount of former tax increme
been/should be allocated to the Successor Agency for the period of February 1, 2012 through December 31, 2013 (ROPS 1, 2, 3 & 1
125 Settlement Agreements - Housing Zero amount requested this ROPS six-month period, as DOF has denied this item on previous ROPS. However, as the Successor Agc
Obligation settlement agreements are continuing enforceable obligations and there are lawsuit(s) pending that have yet to be conclusively de
item is again included on ROPS 13-14A. Total Oustanding Debt or Obligation column amount of $30,593,530 is the amount of form
encumbered by these settlement agreements and is part of the $54,241,958 amount demanded DOF in its LMIHF DDR Meet and Ce
letter dated December 26, 2012. DOF has indicated a revised letter will be issued to the Succesor Agency by early February 2013, b
received as of this ROPS 13-14A submission date.
126 South Main Settlement Agreement - Zero amount requested this ROPS six-month period, as DOF has denied this item on previous ROPS. However, as the Successor Age
Current Obligation agreement is a continuing enforceable obligation and there is a lawsuit pending that has yet to be conclusively determined by the
included on ROPS 13-14A. Total Oustanding Debt or Obligation column amount of $11,080,747 is the amount of the former tax inc
this settlement agreement after deducting the $75,000 for line Item #18, and identified in the All Other Funds and Accounts DDR (E
127 South Main Commercial Corridor Loan for $500,000 requested this ROPS six-month period (repayment schedule to be approved by Oversight Board at the same meeting). TI
SERAF FY 09-10 the repayment of this loan to pay the FY 09/10 SERAF payment is a continuing enforceable obligation, as the monies were borrowe
and utilize the funds from the South Main Commerical Corridor component of the South Main Settlement Agreement. There is a la
be conclusively determined by the courts.
SANTA ANA (ORANGE)
RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 13-14A) -- Notes (Optional)
July 1, 2013 through December 31, 2013
Item # Project Name / Debt Obligation Notes/Comments
128 DDA - Vista Del Rio Hsg Partners LP DOF suggested in its February 25, 2013 "clarification letter" on the Housing DDR that the Successor Agency designate "RPTTF" as tt
enforceable obligation. However there is insufficient RPTTF to make the full amount of the payments owed and therefore these n
Balance." Failure to make these payments in full or to try to recover amounts already paid from the developers who were entitles
the DDA, would place the Successor Agency in breach. The amount shown represents the amount that has been paid or remains tc
required by the DDA (but which have been disallowed by DOF) from February 1, 2012 through the completion of the project. Expe
1, 2012 through June 30, 2012 for this DDA are part of the $8,467,780 in LMIHF expenditures identified in the LMIHF DDR and at th
Confer. The remaining amount to complete the project was identified and is part of the $17,613,146 amount shown on the Housin
that was approved by DOF. Due to DOF's demand for the Successor Agency (Agency) to remit $55,270,598 (which amount does no
expenditures made between February 1, 2012 through June 30, 2012 or additional sums required to be paid under the DDA), the A
legal action. Until the dispute over the appropriate funding source can be resolved, the amount being claimed is shown under bot
Balance, even though only one source is intended to be utilized.
129 Project Costs for Item #128 DOF suggested in its February 25, 2013 "clarification letter" on the Housing DDR that the Successor Agency designate "RPTTF" as tt
enforceable obligation. However there is insufficient RPTTF to make the full amount of the payments owed and therefore these n
Balance." Failure to make these payments in full or to try to recover amounts already spent on these project costs would place th,
of its obligation under the DDA. The amount shown represents the amount that has been paid or remains to be spent on project c
disallowed by DOF) from February 1, 2012 through the completion of the project. Expenditures made from February 1, 2012 throu
project costs are part of the $8,467,780 in LMIHF expenditures identified in the LMIHF DDR and at the LMIHF DDR Meet and Confei
complete the project was identified and is part of the $17,613,146 amount shown on the Housing Asset Transfer (HAT) Form that v
DOF's demand for the Successor Agency (Agency) to remit $55,270,598 (which amount does not take into account expenditures mi
through June 30, 2012 or additional sums estimated to be required through the completion of the project), the Agency is being for,
the dispute over the appropriate funding source can be resolved, the amount being claimed is shown under both the RPTTF and R,
only one source is intended to be utilized.
130 DDA - Habitat for Humanity DOF suggested in its February 25, 2013 "clarification letter" on the Housing DDR that the Successor Agency designate "RPTTF" as tt
enforceable obligation. However there is insufficient RPTTF to make the full amount of the payments owed and therefore these n
Balance." Failure to make these payments in full or to try to recover amounts already paid from the developers who were entitlec
the DDA, would place the Successor Agency in breach. The amount shown represents the amount that has been paid or remains t(
required by the DDA (but which have been disallowed by DOF) from February 1, 2012 through the completion of the project. Expe
1, 2012 through June 30, 2012 for this DDA are part of the $8,467,780 in LMIHF expenditures identified in the LMIHF DDR and at th
Confer. The remaining amount to complete the project was identified and is part of the $17,613,146 amount shown on the Housin
that was approved by DOF. Due to DOF's demand for the Successor Agency (Agency) to remit $55,270,598 (which amount does no
expenditures made between February 1, 2012 through June 30, 2012 or additional sums required to be paid under the DDA), the A
legal action. Until the dispute over the appropriate funding source can be resolved, the amount being claimed is shown under bot
Balance, even though only one source is intended to be utilized. DOF's letter dated February 25, 2013 approved this item as an ent
allowed funding in the amount of $400,000 for the ROPS I period only.
131 Project Costs for Item #130 DOF suggested in its February 25, 2013 "clarification letter" on the Housing DDR that the Successor Agency designate "RPTTF" as tt
enforceable obligation. However there is insufficient RPTTF to make the full amount of the payments owed and therefore these n
Balance." Failure to make these payments in full or to try to recover amounts already spent on these project costs would place th
of its obligation under the DDA. The amount shown represents the amount that has been paid or remains to be spent on project c
disallowed by DOF) from February 1, 2012 through the completion of the project. Expenditures made from February 1, 2012 throu
project costs are part of the $8,467,780 in LMIHF expenditures identified in the LMIHF DDR and at the LMIHF DDR Meet and Confei
complete the project was identified and is part of the $17,613,146 amount shown on the Housing Asset Transfer (HAT) Form that v
DOF's demand for the Successor Agency (Agency) to remit $55,270,598 (which amount does not take into account expenditures mi
through June 30, 2012 or additional sums estimated to be required through the completion of the project), the Agency is being for
the dispute over the appropriate funding source can be resolved, the amount being claimed is shown under both the RPTTF and R
only one source is intended to be utilized. DOF's letter dated February 25, 2013 approved this item as an enforceable obligation ar
amount of $196,027 for the ROPS I period only.
SANTA ANA (ORANGE)
RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 13-14A) -- Notes (Optional)
July 1, 2013 through December 31, 2013
Item # Project Name / Debt Obligation Notes/Comments
132 DDA - Station District New Construction DOF suggested in its February 25, 2013 "clarification letter" on the Housing DDR that the Successor Agency designate "RPTTF" as tf
enforceable obligation. However there is insufficient RPTTF to make the full amount of the payments owed and therefore these n
Balance." Failure to make these payments in full or to try to recover amounts already paid from the developers who were entitlec
the DDA, would place the Successor Agency in breach. The amount shown represents the amount that has been paid or remains tc
required by the DDA (but which have been disallowed by DOF) from February 1, 2012 through the completion of the project. Expe
1, 2012 through June 30, 2012 for this DDA are part of the $8,467,780 in LMIHF expenditures identified in the LMIHF DDR and at th
Confer. The remaining amount to complete the project was identified and is part of the $17,613,146 amount shown on the Housin
that was approved by DOF. Due to DOF's demand for the Successor Agency (Agency) to remit $55,270,598 (which amount does no
expenditures made between February 1, 2012 through June 30, 2012 or additional sums required to be paid under the DDA), the A
legal action. Until the dispute over the appropriate funding source can be resolved, the amount being claimed is shown under bot
Balance, even though only one source is intended to be utilized.
133 Project Costs for Item #132 DOF suggested in its February 25, 2013 "clarification letter" on the Housing DDR that the Successor Agency designate "RPTTF" as U
enforceable obligation. However there is insufficient RPTTF to make the full amount of the payments owed and therefore these n
Balance." Failure to make these payments in full or to try to recover amounts already spent on these project costs would place th,
of its obligation under the DDA. The amount shown represents the amount that has been paid or remains to be spent on project c
disallowed by DOF) from February 1, 2012 through the completion of the project. Expenditures made from February 1, 2012 throu
project costs are part of the $8,467,780 in LMIHF expenditures identified in the LMIHF DDR and at the LMIHF DDR Meet and Confer
complete the project was identified and is part of the $17,613,146 amount shown on the Housing Asset Transfer (HAT) Form that v
DOF's demand for the Successor Agency (Agency) to remit $55,270,598 (which amount does not take into account expenditures m?
through June 30, 2012 or additional sums estimated to be required through the completion of the project), the Agency is being for,
the dispute over the appropriate funding source can be resolved, the amount being claimed is shown under both the RPTTF and R
only one source is intended to be utilized. DOF's letter dated February 25, 2013 approved this item as an enforceable obligation ar
amount of $27,676 for the ROPS I period only.
134 DDA - Station District New Construction DOF suggested in its February 25, 2013 "clarification letter" on the Housing DDR that the Successor Agency designate "RPTTF" as tf
enforceable obligation. However there is insufficient RPTTF to make the full amount of the payments owed and therefore these n
Balance." Failure to make these payments in full or to try to recover amounts already paid from the developers who were entitlec
the DDA, would place the Successor Agency in breach. The amount shown represents the amount that has been paid or remains tc
required by the DDA (but which have been disallowed by DOF) from February 1, 2012 through the completion of the project. Expe
1, 2012 through June 30, 2012 for this DDA are part of the $8,467,780 in LMIHF expenditures identified in the LMIHF DDR and at th
Confer. The remaining amount to complete the project was identified and is part of the $17,613,146 amount shown on the Housin
that was approved by DOF. Due to DOF's demand for the Successor Agency (Agency) to remit $55,270,598 (which amount does no
expenditures made between February 1, 2012 through June 30, 2012 or additional sums required to be paid under the DDA), the A
legal action. Until the dispute over the appropriate funding source can be resolved, the amount being claimed is shown under bot
Balance, even though only one source is intended to be utilized.
135 Project Costs for Item #134 DOF suggested in its February 25, 2013 "clarification letter" on the Housing DDR that the Successor Agency designate "RPTTF" as tf
enforceable obligation. However there is insufficient RPTTF to make the full amount of the payments owed and therefore these n
Balance." Failure to make these payments in full or to try to recover amounts already spent on these project costs would place th
of its obligation under the DDA. The amount shown represents the amount that has been paid or remains to be spent on project c
disallowed by DOF) from February 1, 2012 through the completion of the project. Expenditures made from February 1, 2012 throu
project casts are part of the $8,467,780 in LMIHF expenditures identified in the LMIHF DDR and at the LMIHF DDR Meet and Confer
complete the project was identified and is part of the $17,613,146 amount shown on the Housing Asset Transfer (HAT) Form that v
DOF's demand for the Successor Agency (Agency) to remit $55,270,598 (which amount does not take into account expenditures m:
through June 30, 2012 or additional sums estimated to be required through the completion of the project), the Agency is being for,
the dispute over the appropriate funding source can be resolved, the amount being claimed is shown under both the RPTTF and R
only one source is intended to be utilized.
136 DDA - Station District New Construction DOF suggested in its February 25, 2013 "clarification letter" on the Housing DDR that the Successor Agency designate "RPTTF" as tt
enforceable obligation. However there is insufficient RPTTF to make the full amount of the payments owed and therefore these n
Balance." Failure to make these payments in full or to try to recover amounts already paid from the developers who were entitlec
j the DDA, would place the Successor Agency in breach. The amount shown represents the amount that has been paid or remains tc
required by the DDA (but which have been disallowed by DOF) from February 1, 2012 through the completion of the project. Expe
1, 2012 through June 30, 2012 for this DDA are part of the $8,467,780 in LMIHF expenditures identified in the LMIHF DDR and at th
Confer. The remaining amount to complete the project was identified and is part of the $17,613,146 amount shown on the Housin
that was approved by DOF. Due to DOF's demand for the Successor Agency (Agency) to remit $55,270,598 (which amount does no
expenditures made between February 1, 2012 through June 30, 2012 or additional sums required to be paid under the DDA), the A
legal action. Until the dispute over the appropriate funding source can be resolved, the amount being claimed is shown under bot
I Balance, even though only one source is intended to be utilized.
SANTA ANA (ORANGE)
RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 13-14A) -- Notes (Optional)
July 1, 2013 through December 31, 2013
Item # Project Name / Debt Obligation Notes/Comments
137 Project Costs for Item #136 DOF suggested in its February 25, 2013 "clarification letter" on the Housing DDR that the Successor Agency designate "RPTTF" as tl
enforceable obligation. However there is insufficient RPTTF to make the full amount of the payments owed and therefore these n
Balance." Failure to make these payments in full or to try to recover amounts already spent on these project costs would place th,
of its obligation under the DDA. The amount shown represents the amount that has been paid or remains to be spent on project c
disallowed by DOF) from February 1, 2012 through the completion of the project. Expenditures made from February 1, 2012 throu
project costs are part of the $8,467,780 in LMIHF expenditures identified in the LMIHF DDR and at the LMIHF DDR Meet and Confei
complete the project was identified and is part of the $17,613,146 amount shown on the Housing Asset Transfer (HAT) Form that v
DOF's demand for the Successor Agency (Agency) to remit $55,270,598 (which amount does not take into account expenditures m:
through June 30, 2012 or additional sums estimated to be required through the completion of the project), the Agency is being for,
the dispute over the appropriate funding source can be resolved, the amount being claimed is shown under both the RPTTF and R
only one source is intended to be utilized.
138 DDA - WBB New Const. DOF suggested in its February 25, 2013 "clarification letter' on the Housing DDR that the Successor Agency designate "RPTTF" as tl
enforceable obligation. However there is insufficient RPTTF to make the full amount of the payments owed and therefore these n
Balance." Failure to make these payments in full or to try to recover amounts already paid from the developers who were entitlec
the DDA, would place the Successor Agency in breach. The amount shown represents the amount that has been paid or remains tc
required by the DDA (but which have been disallowed by DOF) from February 1, 2012 through the completion of the project. Expe
1, 2012 through June 30, 2012 for this DDA are part of the $8,467,780 in LMIHF expenditures identified in the LMIHF DDR and at th
Confer. The remaining amount to complete the project was identified and is part of the $17,613,146 amount shown on the Housin
that was approved by DOF. Due to DOF's demand for the Successor Agency (Agency) to remit $55,270,598 (which amount does no
expenditures made between February 1, 2012 through June 30, 2012 or additional sums required to be paid under the DDA), the A
legal action. Until the dispute over the appropriate funding source can be resolved, the amount being claimed is shown under bot
Balance, even though only one source is intended to be utilized.
139 Project Costs for Item #138 DOF suggested in its February 25, 2013 "clarification letter" on the Housing DDR that the Successor Agency designate "RPTTF" as tl
enforceable obligation. However there is insufficient RPTTF to make the full amount of the payments owed and therefore these IT
Balance." Failure to make these payments in full or to try to recover amounts already spent on these project costs would place th,
of its obligation under the DDA. The amount shown represents the amount that has been paid or remains to be spent on project c
disallowed by DOF) from February 1, 2012 through the completion of the project. Expenditures made from February 1, 2012 throu
project costs are part of the $8,467,780 in LMIHF expenditures identified in the LMIHF DDR and at the LMIHF DDR Meet and Confer
complete the project was identified and is part of the $17,613,146 amount shown on the Housing Asset Transfer (HAT) Form that v
DOF's demand for the Successor Agency (Agency) to remit $55,270,598 (which amount does not take into account expenditures m:
through June 30, 2012 or additional sums estimated to be required through the completion of the project), the Agency is being for,
the dispute over the appropriate funding source can be resolved, the amount being claimed is shown under both the RPTTF and R
only one source is intended to be utilized.
140 DDA - WBB New Const. DOF suggested in its February 25, 2013 "clarification letter" on the Housing DDR that the Successor Agency designate "RPTTF" as tl
enforceable obligation. However there is insufficient RPTTF to make the full amount of the payments owed and therefore these rT
Balance." Failure to make these payments in full or to try to recover amounts already paid from the developers who were entitlec
the DDA, would place the Successor Agency in breach. The amount shown represents the amount that has been paid or remains tc
required by the DDA (but which have been disallowed by DOF) from February 1, 2012 through the completion of the project. Expe
1, 2012 through June 30, 2012 for this DDA are part of the $8,467,780 in LMIHF expenditures identified in the LMIHF DDR and at th
Confer. The remaining amount to complete the project was identified and is part of the $17,613,146 amount shown on the Housin
that was approved by DOF. Due to DOF's demand for the Successor Agency (Agency) to remit $55,270,598 (which amount does no
expenditures made between February 1, 2012 through June 30, 2012 or additional sums required to be paid under the DDA), the A
legal action. Until the dispute over the appropriate funding source can be resolved, the amount being claimed is shown under bot
Balance, even though only one source is intended to be utilized.
141 Project Costs for Item #140 DOF suggested in its February 25, 2013 "clarification letter" on the Housing DDR that the Successor Agency designate "RPTTF" as tl
enforceable obligation. However there is insufficient RPTTF to make the full amount of the payments owed and therefore these n
Balance." Failure to make these payments in full or to try to recover amounts already spent on these project costs would place th
of its obligation under the DDA. The amount shown represents the amount that has been paid or remains to be spent on project c
disallowed by DOF) from February 1, 2012 through the completion of the project. Expenditures made from February 1, 2012 throu
project costs are part of the $8,467,780 in LMIHF expenditures identified in the LMIHF DDR and at the LMIHF DDR Meet and Confer
complete the project was identified and is part of the $17,613,146 amount shown on the Housing Asset Transfer (HAT) Form that v
DOF's demand for the Successor Agency (Agency) to remit $55,270,598 (which amount does not take into account expenditures m:
through June 30, 2012 or additional sums estimated to be required through the completion of the project), the Agency is being for,
the dispute over the appropriate funding source can be resolved, the amount being claimed is shown under both the RPTTF and R
only one source is intended to be utilized.
SANTA ANA (ORANGE)
RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 13-14A) -- Notes (Optional)
July 1, 2013 through December 31, 2013
Item # Project Name / Debt Obligation Notes/Comments
142 DDA - WBB New Const. DOF suggested in its February 25, 2013 "clarification letter" on the Housing DDR that the Successor Agency designate "RPTTF" as tf
enforceable obligation. However there is insufficient RPTTF to make the full amount of the payments owed and therefore these n
Balance." Failure to make these payments in full or to try to recover amounts already paid from the developers who were entitlec
the DDA, would place the Successor Agency in breach. The amount shown represents the amount that has been paid or remains ti
required by the DDA (but which have been disallowed by DOF) from February 1, 2012 through the completion of the project. Expe
1, 2012 through June 30, 2012 for this DDA are part of the $8,467,780 in LMIHF expenditures identified in the LMIHF DDR and at th
Confer. The remaining amount to complete the project was identified and is part of the $17,613,146 amount shown on the Housin
that was approved by DOF. Due to DOF's demand for the Successor Agency (Agency) to remit $55,270,598 (which amount does no
expenditures made between February 1, 2012 through June 30, 2012 or additional sums required to be paid under the DDA), the A
legal action. Until the dispute over the appropriate funding source can be resolved, the amount being claimed is shown under bot
Balance, even though only one source is intended to be utilized.
143 Project Costs for Item #142 DOF suggested in its February 25, 2013 "clarification letter" on the Housing DDR that the Successor Agency designate "RPTTF" as tt
enforceable obligation. However there is insufficient RPTTF to make the full amount of the payments owed and therefore these n
Balance." Failure to make these payments in full or to try to recover amounts already spent on these project costs would place th
of its obligation under the DDA. The amount shown represents the amount that has been paid or remains to be spent on project c
disallowed by DOF) from February 1, 2012 through the completion of the project. Expenditures made from February 1, 2012 throu
project costs are part of the $8,467,780 in LMIHF expenditures identified in the LMIHF DDR and at the LMIHF DDR Meet and Confer
complete the project was identified and is part of the $17,613,146 amount shown on the Housing Asset Transfer (HAT) Form that v
DOF's demand for the Successor Agency (Agency) to remit $55,270,598 (which amount does not take into account expenditures m:
through June 30, 2012 or additional sums estimated to be required through the completion of the project), the Agency is being for,
the dispute over the appropriate funding source can be resolved, the amount being claimed is shown under both the RPTTF and R
only one source is intended to be utilized.
144 DDA - WBB New Const. DOF suggested in its February 25, 2013 "clarification letter" on the Housing DDR that the Successor Agency designate "RPTTF" as tf
enforceable obligation. However there is insufficient RPTTF to make the full amount of the payments owed and therefore these n
Balance." Failure to make these payments in full or to try to recover amounts already paid from the developers who were entitlec
the DDA, would place the Successor Agency in breach. The amount shown represents the amount that has been paid or remains t(
required by the DDA (but which have been disallowed by DOF) from February 1, 2012 through the completion of the project. Expe
1, 2012 through June 30, 2012 for this DDA are part of the $8,467,780 in LMIHF expenditures identified in the LMIHF DDR and at th
Confer. The remaining amount to complete the project was identified and is part of the $17,613,146 amount shown on the Housin
that was approved by DOF. Due to DOF's demand for the Successor Agency (Agency) to remit $55,270,598 (which amount does no
expenditures made between February 1, 2012 through June 30, 2012 or additional sums required to be paid under the DDA), the A
legal action. Until the dispute over the appropriate funding source can be resolved, the amount being claimed is shown under bot
Balance, even though only one source is intended to be utilized.
145 Project Costs for Item #144 DOF suggested in its February 25, 2013 "clarification letter" on the Housing DDR that the Successor Agency designate "RPTTF" as tl
enforceable obligation. However there is insufficient RPTTF to make the full amount of the payments owed and therefore these n
Balance." Failure to make these payments in full or to try to recover amounts already spent on these project costs would place th,
of its obligation under the DDA. The amount shown represents the amount that has been paid or remains to be spent on project c
disallowed by DOF) from February 1, 2012 through the completion of the project. Expenditures made from February 1, 2012 throu
project costs are part of the $8,467,780 in LMIHF expenditures identified in the LMIHF DDR and at the LMIHF DDR Meet and Confer
complete the project was identified and is part of the $17,613,146 amount shown on the Housing Asset Transfer (HAT) Form that v
DOF's demand for the Successor Agency (Agency) to remit $55,270,598 (which amount does not take into account expenditures m:
through June 30, 2012 or additional sums estimated to be required through the completion of the project), the Agency is being for,
the dispute over the appropriate funding source can be resolved, the amount being claimed is shown under both the RPTTF and R
only one source is intended to be utilized.
146 Station District Lawsuit Settlement DOF suggested in its February 25, 2013 "clarification letter" on the Housing DDR that the Successor Agency designate "RPTTF" as th
enforceable obligation. However there is insufficient RPTTF to make the full amount of the payments owed and therefore these n
Balance." Failure to make these payments in full or to try to recover amounts already paid from the developers who were entitlec
the DDA, would place the Successor Agency in breach. The amount shown represents the amount that has been paid or remains ti
required by the DDA (but which have been disallowed by DOF) from February 1, 2012 through the completion of the project. Expe
1, 2012 through June 30, 2012 for this DDA are part of the $8,467,780 in LMIHF expenditures identified in the LMIHF DDR and at th
Confer. The remaining amount to complete the project was identified and is part of the $17,613,146 amount shown on the Housin
that was approved by DOF. Due to DOF's demand for the Successor Agency (Agency) to remit $55,270,598 (which amount does no
expenditures made between February 1, 2012 through June 30, 2012 or additional sums required to be paid under the DDA), the A
legal action. Until the dispute over the appropriate funding source can be resolved, the amount being claimed is shown under bot
Balance, even though only one source is intended to be utilized. DOF's letter dated February 25, 2013 approved this item as an enl
allowed funding in the amount of $50,000 for the ROPS I period only.
SANTA ANA (ORANGE)
RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 13-14A) -- Notes (Optional)
July 1, 2013 through December 31, 2013
Item # Project Name / Debt Obligation Notes/Comments
147 Project Costs for Item #146 DOF suggested in its February 25, 2013 "clarification letter" on the Housing DDR that the Successor Agency designate "RPTTF" as tl
enforceable obligation. However there is insufficient RPTTF to make the full amount of the payments owed and therefore these n
Balance." Failure to make these payments in full or to try to recover amounts already spent on these project costs would place th
of its obligation under the DDA. The amount shown represents the amount that has been paid or remains to be spent on project c
disallowed by DOF) from February 1, 2012 through the completion of the project. Expenditures made from February 1, 2012 throu
project costs are part of the $8,467,780 in LMIHF expenditures identified in the LMIHF DDR and at the LMIHF DDR Meet and Confer
complete the project was identified and is part of the $17,613,146 amount shown on the Housing Asset Transfer (HAT) Form that v
DOF's demand for the Successor Agency (Agency) to remit $55,270,598 (which amount does not take into account expenditures m:
through June 30, 2012 or additional sums estimated to be required through the completion of the project), the Agency is being for,
the dispute over the appropriate funding source can be resolved, the amount being claimed is shown under both the RPTTF and R.
only one source is intended to be utilized. DOF's letter dated February 25, 2013 approved this item as an enforceable obligation ar
amount of $8,000 for the ROPS I period only.
148 Various ROPS I & II Items These are approved project costs and other enforceable obligation items under RODS I & II that were approved by DOF but reallocs
However, these items should have been paid with RPTTF (or former tax increment funds held by Successor Agency) per AB 1484 an
instruction set forth in Exhibit 4 on the prior DOF webpage devoted to ABX1 26 issues. The Successor Agency is NOT requesting ad(
but is seeking confirmation of the expenses already incurred and paid during ROPS I & II periods from Reserve Balance.
1-118 Various On the Prior Period Payments for several of the Items 1-118 of ROPS 2, expenditures were incurred in the July through December 2
were not received nor paid until after December 2012.
i
BOND DEBT SERVICE
Community Redevelopment Agency of the City of Santa Ana
(Santa Ana Merged Project Area)
Tax Allocation Bonds
2011 Series A
Final Numbers - January 25, 2011 T
Dated Date 02/04/2011
Delivery Date 02/04/2011
Period
Ending
Principal
Coupon
Interest
Debt Service Annual
Debt Service
09/01/2011 2,420,663.76 2,420,663.76 2,420,663.76
03/01/2012 2,104,925.00 2,104,925.00
09/01/2012 2,104,925.00 2,104,925.00 4,209,850.00
03/01/2013 2,104,925.00 2,104,925.00
_ 09/01/2013 2,104,925.00 2,104,925.00 4,209,850.00
03/01/2014 2,104,925.00 2,104,925.00
_09/01/2014 2,104,925.00 2,104,925.00 4,209,850.00
03/01/2015 2,104,925.00 2,104,925.00
09/01/2015 2,104,925.00 2,104,925.00 4,209,850.00
03/01/2016 2,104,925.00 2,104,925.00
09/01/2016 2,104,925.00 2,104,925.00 4,209,850.00
03/01/2017 2,104,925.00 2,104,925.00
09/01/2017 805,000 5.000% 2,104,925.00 2,909,925.00 5,014,850.00
03/01/2018 2,084,800.00 2,084,800.00
09/01/2018 1,145,000 5.000% 2,084,800.00 3,229,800.00 5,314,600.00
03/01/2019 2,056,175.00 2,056,175.00
09/01/2019 2,735,000 5.250% 2,056,175.00 4,791,175.00. 6,847,350.00
03/01/2020 1,984,381.25 1,984,381.25
_Q9/01/2020 5,475,000 ** 1,984,381.25 72459,381.25 9,443,762.50
03/01/2021 1,825,443.75 . 1,825,443.75
09101/2021_ . , 6,105,000 6.000% 1,825,443.75 7,930,443.75 9,755,887.50
03/01/2022 1,642,293.75 1,642,293.75
_.09/01/2022 6,8102000 6.000% 1,642,293.75 8,452,293.75 10,094,587.50
03101/2023 1,437,993.75 1,437,993.75
09/01/2023 7,545,000 ** 1,437,993.75 8,982,993.75 10,420,987.50
03/01/2024 1,201,075.00 1,201,075.00
92101/2024 8,360,000 ** 1,201,075.00. .9,561,07.5.00 10,762,150.00
03/01/2025 938,587.50 938,587.50
09/01./2025._ 9,230,000 6.750% 938,587.50 10,168,587.50 11,107,175.00
03101/2026 627,075.00 627,075.00
0910U2026, 10,820,00.0. 6.750% 627,075.00 11,447,075.00 12,074,150.00
03/01/2027 261,900.00 261,900.00
A919_L/2QU. 4,055,000 6.750% 261,900.00 4,316,900.00 4,578,800.00
03/01/2028 125,043.75 125,043.75
09/01/2028 3,705,000 6.750% 125,043.75 3,830,043.75 3,955,087.50
66,790,000 56,049,301.26 122,839,301.26 122,839,301.26
Jan 25, 2011 1:52 pm Prepared by Stone & Youngberg LLC (SPB) (Finance 6.019) Page 6
Markets Inc. 1
11:46 am Prepared by Citigroup l ?! Page 11
BOND DEBT SERVICE
Community RDA of the City of Santa Ana
New Money TAB-Serie4,121603"T1-"
Period Annual
Ending Principal Coupon Interest Debt Service Debt Service
06/03/2003
03/01/2004 601,26731 601,267.31
b97fSfJ200? -X75;000-- -9 SOU°?-?1 810.25 878,836.25 1,480,103.56
03/0112005 401,223.75 401,223.75
09101/2005 480,000 1.250% 401,223.75 881,223.75 1,282,447.50 t?
03101/2006 398,223,75 398,223.75
0131tJi720 00%r _398;'2ff 75 878,223.75 1,276,447.50 T\
03/0112007 394,623.75 3J4,623.75
7 490.000 000 394,623.75 884,623.75 1279,247.50
03101/2008. 389.723.75- 389,723.75. ..
0910112008 500,000 2.250% 389 /23.75 889,723.75 1,279,447.50
03/01/2009 384,098.75 384,098.75
09/01/2009 510,000 2.750% 384,098.75 894,098.75 1,278,197.50
_03/01/2010 377,086.25 377,086.25
09/01/2010 .525,000 3.000% 377,086.25 902,086.25 1,2797172.50 ?
0310112011 369,211.25 369 211.25
09/01/2011 545,000 3.250% 369,211.25 914,211.25 1,283,422.50
_03/01/2012 360.355.00 360,355.00
09101/2012 560,000 3.375% 360,355.00 920,355.00 1,280,710.00
03101/2013 350,905.00 350 905.00
09101/2013 580,000 3.500% 350,905.00 930,905.00 1,281,810.00
03/01/2014 340.755.00 340.755.00
09/0112014 605,000 3.600% 340,755.00 945,755.00 1,286,510.00
03/0112015 329,865.00 329,865.00
09/01/2015 625,000 3.700% 329,865.00 -954,865.00 1,284,730.00
0310112016 318.302.50 '318.302.50
09101/2016 650,000 3.800% 318,302.50 968,302.50 1,286,605.00
03101/2017 305 952.50 305 952.50
09101/2017 675,000 4.000% 305,952.50 980,952.50 1,286,905.00
03/01/2018 292.452.50 292,452.50
09101/2018 700,000 4.000% 292,452.50 992,452.50 1,284,905.00
03!01/2019 278.452.50 278,452.50
09/01/2019 730,000 4.100% 278,452.50 1,008,452.50 1,286,905.00
03/01/2020 263,487.50 263,487.50
09/01/2020 760,000 4.200% 263,487.50 1,023,487.50 1,286,975.00
03/01/2021 247.527.50 247 527.50
09101/2021 795,000 4.300% 247,527.50 1,042,527.50 1,290,055.00
03101/2022 230,435.00 230,435.00
09/01/2022 830,000 4.400% 230,435.00 1,060,435.00 1,290,870.00
03101/2023 212,175.00 212,175.00
09101/2023 870,000 4.500% 212,175.00 1,082,175.00 1,294,350.00
03/01/2024 192,600.00 192,600.00
09101/2024 910,000 4.500% 192,600.00 1,102,600.00 1,295,200.00
03/0112025 172,125.00 172,125.00
09101/2025 950,000 4.500% 172,125.00
.00 .00
1,122,12 1,294,250.00
03101/2026 150,750.00 150,750.00
09101/2026 995,000 _
4.500% 150,750.00 • 1,145,750.00 1,296,500.00
03/01/2027 128,362.50 128,362.50
09/01/2027 1,040,000 _ _
128,362.50 1,168,362.50 1,296,725.00
X0101/2030 54.787.50 54,787.50
09101/2030 1,190,000 4.500% 54,787.50 1,244,787.50 1,299,575.00
03/01(2031 28,012,50 28.012.50
09/01/2031 1,245,000 4.500% 28,012.50 1,273,012.50 1,301,025.00
20,945,000 15,318,891.06 36,263,891.06 36,263,891.06
Jun 11, 2003 11:46 am Prepared by Cittgroup Global Markets Inc. Page 12 J
BOND DEBT SERVICE
Community RDA of the City of Santa
.Ana; l 41
Tax Allocation Ref. Bonds=a6ries'2003 B
Period Annual
Ending f Principal Coupon Interest Debt Service • Debt Service
06/03/2003 •
09/01/2003 1,820,000 2.000% 357,622.22 2,177,622.22 2,177,622.22
03101/2004 713,300.00 713,300.00
_
09!0112004 1,485,000 2.500% 713,300.008, 0000 2,912,600.00
03/01/2005 694,737.50 694,737.50
09101/2005 1,520,000 2.500% 694,737.50 2,214,737.50 2,909,475.00
03/)112006 675,737.50 675.737.50
09101/2006 1,560,000 2.500% 675,737.50 2,235,737.50 2,911,475.00
0310112007 656 237.50 - 656,237:50 ~
09/01/2007 1,600,000 3.000% .6556,237.50 2,256,237.50^? 2,912,475.00
03101/2008 632,237.50 632,237.50
09101/2008 1,660,000 ' 4.250% 632,23730---2,292,237.50 2,924,475.00 V
03/0112009 596,962.50 596,962.50
09/0112009 1.730,000 4.250% 596.962.YC- =26.992-50 923 925.07)
u:uuuzuiz 476,750.00 476,750.00
09/01/2012 1,990,000 5.000% 476,750.00 2,466,750.00 2,943,500.00
03101/2013 427,000.00 427,000.00
09/0112013 2,085,000 5,000% 427,000.00 2,512,000.00 2,939,000.00
03101/2014 374,875.00 374,875.00
09101/2014 2,200,000 5.000% 374,875.00 2,574,875.00 2,949,750.00
03/0112015 319,875.00 319,875.00
09/01/2015 2,310,000 5.000% 319,675.00 2,629,875.00 2,949,750.00
0310112016 262,125.00 262,125.00
09/0112016 2,430,000 5.000% 262,125.00 2,692,125.00 2,954,250.00
03/01/2017 201,375.00 201,375.00
09/0112017 2,550,000 5.000% 201,375.00 2,751,375.00 2,952,750.00
03101/2018 137,625.00 137,625.00
0910112018 2,685,000 5.000% 137,625.00 2,822,625.00 2,960,250.00
0310112019 70,500.00 70,500.00
09101/2019 2,820,000 5.000% 70,500.00 2,890,500.00 2,961,000.00
34,145,000 15,004,697.22 49,149,697.22 49,149,697.22
LEASE PAYMENT SCHEDULE
Following is the schedule of Lease Payments due with respect to the Certificates.
Lease
Payment Principal interest
Date Component Component Annual Total
06/01/03 $1,420,000 $ 68,084.65 $ 1,488,084.65
12/01/03 304,756.25
06/01/04 1,210,000 304,756.25 1,819,512.50
12/01/04 289,631.25
06101105 1,270,000 289,631.25 1,849,262.50
12/01/05 273,756.25
06101106 1,340,000 273,756.25 1,887,512.50
12/01/06 253,656.25
06/01/07 1,425,000 253,656.25 1,932,312.50
12/01/07 232,281.25
06/01/08 835,000 232,281.25 1,299,562.50
12/01/08 219,756.25
06101109 805,000 219,756.25 1,244,512.50
12/01/09 203,656.25
06101110 925,000 203,656.25 1,332,312.50
12/01/10 180,531.25
06101111 1,0609000 180,531.25 1421,062.50
12/01/11 159,331.25
06/01/12 1.215,000 159331.25 1.533,662.50^
12/01/12 128,956.25
06/01/13 _ ?w 1,405.000, 128.956.25 .?.
_
1.662.912.50
12/01/13 99,100.00
06/01/14 _ 1,625,000 99,100.000 1823 200 00
12/01/14 58,475.00
06/01/15 1 895 000 58,475.00 2,011,950 00
12/01/15 11,100.00
06101116 555,000 11,100.00 577,200.00
Total 16.985.000 $ 4,898.059.65 21.883.059.65
SECURITY AND SOURCES OF PAYMENT FOR THE CERTIFICATES
Nature of the Certificates
Each Certificate evidences and represents a direct, undivided fractional interest in the principal
component of the Lease Payments due under the Lease Agreement on the payment date or prepayment date of
such Certificate, and the interest component of all Lease Payments (based on the stated interest rate with
respect to such Certificate) to accrue from its date of delivery to its payment date or prepayment date, as the
case may be.
The Agency, pursuant to the Assignment Agreement, has assigned to the Trustee for the benefit of the
Owners of the Certificates, substantially all of the Agency's right, title and interest in and to the Lease