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2017 08 01 SA SpecialSUCCESSOR AGENCY TO LA QUINTA RDA 1 AUGUST 1, 2017 SPECIAL MEETING NOTICE OF SPECIAL MEETING OF THE SUCCESSOR AGENCY TO THE LA QUINTA REDEVELOPMENT AGENCY TO THE MEMBERS OF THE SUCCESSOR AGENCY TO THE LA QUINTA REDEVELOPMENT AGENCY AND TO THE CITY CLERK/AGENCY SECRETARY: NOTICE IS HEREBY GIVEN that a special meeting of the City of La Quinta as Successor Agency is hereby called to be held on August 1, 2017 commencing at 4:00 p.m. at La Quinta City Hall, Council Chambers, 78495 Calle Tampico, La Quinta, CA 92253 for the following purpose: CONSENT CALENDAR 1. APPROVE MINUTES OF MAY 16, 2017 BUSINESS SESSION 1.ADOPT A RESOLUTION APPROVING THE SUCCESSOR AGENCY ADMINISTRATIVE BUDGET FROM JULY 1, 2018 THROUGH JUNE 30, 2040 [RESOLUTION NO. SA 2017-003] 2.ADOPT A RESOLUTION APPROVING A LAST AND FINAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE OF THE FORMER LA QUINTA REDEVELOPMENT AGENCY FROM JULY 1, 2018 THROUGH JUNE 30, 2040 [RESOLUTION NO. SA 2017-004] Dated: July 28, 2017 /s/ Linda Evans Linda Evans, Chairperson Attest: Susan Maysels City Clerk / Agency Secretary DECLARATION OF POSTING I, Susan Maysels, City Clerk/Agency Secretary, do hereby declare that the foregoing notice for the City of La Quinta as Successor Agency to the La Quinta Redevelopment Agency special meeting of August 1, 2017 was posted on the outside entry to the Council Chamber at 78-495 Calle Tampico and on the bulletin boards at the La Quinta Cove Post Office at 51-321 Avenida Bermudas and the Stater Brothers Supermarket at 78-630 Highway 111 on July 28, 2017. DATED: July 28, 2017 Susan Maysels, City Clerk/Agency Secretary City of La Quinta SUCCESSOR AGENCY TO RDA AGENDA 1 AUGUST 1, 2017 SPECIAL MEETING SUCCESSOR AGENCY To The La Quinta Redevelopment Agency AGENDA CITY HALL COUNCIL CHAMBERS 78-495 Calle Tampico, La Quinta SPECIAL MEETING TUESDAY, AUGUST 1, 2017 AT 4:00 P.M. CALL TO ORDER ROLL CALL: Agency Members: Fitzpatrick, Peña, Radi, Sanchez, Chairperson Evans PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA At this time, members of the public may address the Successor Agency on any matter not listed on the agenda. Please complete a "request to speak" form and limit your comments to three minutes. The Successor Agency values your comments; however in accordance with State law, no action shall be taken on any item not appearing on the agenda unless it is an emergency item authorized by GC 54954.2(b). CONFIRMATION OF AGENDA CLOSED SESSION – NONE ANNOUNCEMENTS, PRESENTATIONS AND WRITTEN COMMUNICATIONS – NONE CONSENT CALENDAR – NONE NOTE: Consent Calendar items are routine in nature and can be approved by one motion. PAGE 1. APPROVE MINUTES OF MAY 16, 2017 3 BUSINESS SESSION 1. ADOPT A RESOLUTION APPROVING THE SUCCESSOR AGENCY ADMINISTRATIVE BUDGET FROM JULY 1, 2018 THROUGH JUNE 30, 2040 [RESOLUTION NO. SA 2017-003] 5 2. ADOPT A RESOLUTION APPROVING A LAST AND FINAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE OF THE FORMER LA QUINTA REDEVELOPMENT AGENCY FROM JULY 1, 2018 THROUGH JUNE 30, 2040 [RESOLUTION NO. SA 2017-004] 13 Successor Agency agendas and staff reports are now available on the City’s web page: www.laquintaca.gov SUCCESSOR AGENCY TO RDA AGENDA 2 AUGUST 1, 2017 SPECIAL MEETING STUDY SESSION – NONE PUBLIC HEARINGS – NONE DEPARTMENTAL REPORTS – NONE CHAIR AND BOARD MEMBERS' ITEMS REPORTS AND INFORMATIONAL ITEMS – NONE ADJOURNMENT ************************************* For information about the next special meeting of the City as Successor Agency to the La Quinta Redevelopment Agency, please contact the City Clerk’s Office at 760-777-7103. DECLARATION OF POSTING I, Susan Maysels, Agency Secretary of the City as Successor Agency to the La Quinta Redevelopment Agency, do hereby declare that the foregoing agenda was posted near the entrance to the Council Chambers at 78-495 Calle Tampico and on the bulletin boards at the La Quinta Cove Post Office at 51-321 Avenida Bermudas and the Stater Brothers Supermarket at 78-630 Highway 111, on July 28, 2017. DATED: July 28, 2017 SUSAN MAYSELS, Agency Secretary Successor Agency to the La Quinta Redevelopment Agency Public Notices  The La Quinta City Council Chamber is handicapped accessible. If special equipment is needed for the hearing impaired, please call the City Clerk’s Office at 777-7103, twenty-four (24) hours in advance of the meeting and accommodations will be made.  If special electronic equipment is needed to make presentations to the Successor Agency, arrangement should be made in advance by contacting the City Clerk's Office at 777-7103. A one (1) week notice is required.  If background material is to be presented to the Successor Agency during a meeting, please be advised that eight (8) copies of all documents, exhibits, etc., must be supplied to the City Clerk for distribution. It is requested that this take place prior to the beginning of the meeting.  Any writings or documents provided to a majority of the Successor Agency regarding any item on this agenda will be made available for public inspection at the City Clerk counter at City Hall located at 78- 495 Calle Tampico, La Quinta, California, 92253, during normal business hours. CITY AS SUCCESSOR AGENCY TO RDA Page 1 of 2 MAY 16, 2017 SPECIAL MEETING SUCCESSOR AGENCY TO THE LA QUINTA REDEVELOPMENT AGENCY MINUTES TUESDAY, MAY 16, 2017 A Special Meeting of the La Quinta City Council in their capacity as Successor Agency to the La Quinta Redevelopment Agency (“SA”) was called to order at 7:21 pm by Chairperson Evans. PRESENT: Agency Members Fitzpatrick, Peña, Sanchez, Chair Evans ABSENT: Agency Member Radi MOTION – A motion was made and seconded by Authority Members Peña/Fitzpatrick to excuse Agency Member Radi’s absence. Motion passed: ayes 4, absent 1 (Radi). PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA – None CLOSED SESSION – None CONFIRMATION OF AGENDA – Confirmed ANNOUNCEMENTS, PRESENTATIONS AND WRITTEN COMMUNICATIONS – None CONSENT CALENDAR 1. APPROVE MINUTES OF JANUARY 17, 2017 2. RECEIVE AND FILE HOUSING SUCCESSOR ANNUAL REPORT FOR FISCAL YEAR 2015/16 REGARDING THE LOW AND MODERATE INCOME HOUSING ASSET FUND PURSUANT TO CALIFORNIA HEALTH AND SAFETY CODE SECTION 34176.1 (F) FOR THE LA QUINTA HOUSING AUTHORITY MOTION – A motion was made and seconded by Agency Members Fitzpatrick/Peña to approve the Consent Calendar as recommended. Motion passed: ayes 4, absent 1 (Radi). BUSINESS SESSION – None STUDY SESSION – None PUBLIC HEARINGS – None DEPARTMENT REPORTS – None CONSENT CALENDAR ITEM NO. 1 3 CITY AS SUCCESSOR AGENCY TO RDA Page 2 of 2 MAY 16, 2017 SPECIAL MEETING CHAIR AND AGENCY MEMBERS' ITEMS – None REPORTS AND INFORMATIONAL ITEMS – None ADJOURNMENT There being no further business, it was moved and seconded by Agency Members Peña/Fitzpatrick to adjourn at 7:22 p.m. Motion passed: ayes 4, absent 1 (Radi). Respectfully submitted, MONIKA RADEVA, Deputy Agency Secretary Successor Agency to the dissolved La Quinta Redevelopment Agency 4 City of La Quinta SUCCESSOR AGENCY MEETING: August 1, 2017 STAFF REPORT AGENDA TITLE: ADOPT A RESOLUTION APPROVING THE SUCCESSOR AGENCY ADMINISTRATIVE BUDGET FROM JULY 1, 2018 THROUGH JUNE 30, 2040 RECOMMENDATION Adopt a Resolution approving the Successor Agency’s Last and Final Administrative Budget from July 1, 2018 through June 30, 2040. EXECUTIVE SUMMARY • The Successor Agency (SA) administers the former Redevelopment Agency’s dissolution activities and the Oversight Board (OB) must approve SA actions. • For the last and final Recognized Obligation Payment Schedule (ROPS), the SA may receive an administrative allowance (budget) for these activities, which decreases over time based on the number of outstanding obligations. • Once the SA approves the budget, the OB must review and approve it. FISCAL IMPACT For the period of July 1, 2018 through June 30, 2040 the total estimated cost for SA administration is $48,300. BACKGROUND/ANALYSIS SB 107 provides an administrative allowance for successor agencies to carry out the wind-down activities of former redevelopment agencies. The administrative allowance is based on the number of outstanding obligations requiring annual legal and financial oversight. The budget decreases as these obligations are retired. The administrative allowance funds personnel and legal costs. The personnel costs entail City staff time to manage SA affairs. The legal services costs entail legal review of redevelopment dissolution activities. The detailed administrative budget is presented as Exhibit A to the resolution. Once the SA reviews and approves the administrative budget, the budget must be reviewed and approved by the OB. ALTERNATIVES Since this is a legislative requirement, staff does not recommend an alternative. Prepared by: Karla Campos, Finance Director Approved by: Frank J. Spevacek, Executive Director BUSINESS SESSION ITEM NO. 1 5 6 RESOLUTION NO. SA 2017 - A RESOLUTION OF THE CITY OF LA QUINTA ACTING AS THE SUCCESSOR AGENCY TO LA QUINTA REDEVELOPMENT AGENCY APPROVING THE SUCCESSOR AGENCY ADMINISTRATIVE BUDGET FOR THE PERIOD OF JULY 1, 2018 THROUGH JUNE 30, 2040 WHEREAS, the City Council of the City of La Quinta (“City Council” or “City,” as applicable) elected to act as the Successor Agency and to take certain actions to wind down the affairs of the former La Quinta Redevelopment Agency (“Agency”) in accordance with the California Health and Safety Code; and WHEREAS, the Agency was engaged in activities to execute and implement the Project Area No. 1 Redevelopment Plan and the Project Area No. 2 Redevelopment Plan (collectively, the “Redevelopment Plans”) pursuant to the provisions of the California Community Redevelopment Law (Health and Safety Code § 33000, et seq.) (“CRL”); and WHEREAS, as part of the 2011/2012 State budget bill, the California Legislature enacted and the Governor signed, ABx1 26 requiring that each Redevelopment Agency be dissolved; and WHEREAS, an action challenging the constitutionality of ABx1 26 and companion bill ABx1 27 was filed in the California Supreme Court by the California Redevelopment Association, the League of California Cities, and two individual cities; and WHEREAS, on December 29, 2011, the Court upheld ABx1 26; and WHEREAS, Health and Safety Code Section 34177(j) requires each Successor Agency to prepare a proposed administrative budget setting forth the successor agency’s estimated administrative costs of carrying out the wind-down activities of the former redevelopment agency, proposing sources of payment for such estimated administrative costs, and proposing for arrangements for administrative and operations services provided by a city, county and/or other entity; and WHEREAS, the Successor Agency has prepared a proposed administrative budget for the remainder of the Agencies dissolution period July 1, 2018 through June 30, 2040 (the “Administrative Budget”); and WHEREAS, all other legal prerequisites to the adoption of this Resolution have occurred. NOW THEREFORE, BE IT RESOLVED, by City of La Quinta Acting as the Successor Agency to La Quinta Redevelopment Agency, does hereby resolve as follows: 7 SECTION 1. Recitals. The Recitals set forth above are true and correct and incorporated herein by reference. SECTION 2. Approval of Administrative Budget. The Successor Agency hereby approves the Administrative Budget, which Administrative Budget is attached hereto as Exhibit A. SECTION 3. Severability. If any provision of this Resolution or the application thereof to any person or circumstance is held invalid, such invalidity shall not affect other provisions or applications of this Resolution which can be given effect without the invalid provision or application, and to this end the provisions of this Resolution are severable. The Successor Agency hereby declares that it would have adopted this Resolution irrespective of the invalidity of any particular portion thereof. SECTION 4. The Successor Agency Secretary shall certify to the adoption of this Resolution. PASSED, APPROVED, and ADOPTED at the meeting of the City of La Quinta Acting as the Successor Agency to La Quinta Redevelopment Agency held this 1st day of August, 2017, by the following vote: AYES: NOES: ABSENT: ABSTAIN: _____________________________________ LINDA EVANS, Chairperson City of La Quinta Acting as Successor Agency to the La Quinta Redevelopment Agency ATTEST: ______________________________ SUSAN MAYSELS, Secretary City of La Quinta Acting as Successor Agency to the La Quinta Redevelopment Agency (AGENCY SEAL) 8 APPROVED AS TO FORM: _______________________________ WILLIAM H. IHRKE, Counsel City of La Quinta Acting as Successor Agency to the La Quinta Redevelopment Agency 9 10 Item 22 ‐ Administrative Budget Legal Finance Total 2,400$     600$       3,000$    ROPS 18-19A 1,500$   ROPS 18-19B 1,500$     2,400$     600$       3,000$    ROPS 19-20A 1,500$   ROPS 19-20B 1,500$     2,400$     600$       3,000$    ROPS 20-21A 1,500$   ROPS 20-21B 1,500$     2,400$     600$       3,000$    ROPS 21-22A 1,500$   ROPS 21-22B 1,500$     2,400$     600$       3,000$    ROPS 22-23A 1,500$   ROPS 22-23B 1,500$     2,400$     600$       3,000$    ROPS 23-24A 1,500$   ROPS 23-24B 1,500$     2,400$     600$       3,000$    ROPS 24-25A 1,500$   ROPS 24-25B 1,500$     2,400$     600$       3,000$    ROPS 25-26A 1,500$   ROPS 25-26B 1,500$     2,400$     600$       3,000$    ROPS 26-27A 1,500$   ROPS 26-27B 1,500$     2,400$     600$       3,000$    ROPS 27-28A 1,500$   ROPS 27-28B 1,500$     2,400$     600$       3,000$    ROPS 28-29A 1,500$   ROPS 28-29B 1,500$     2,400$     600$       3,000$    ROPS 29-30A 1,500$   ROPS 29-30B 1,500$     1,920$     480$       2,400$    ROPS 30-31A 1,200$   ROPS 30-31B 1,200$     1,920$     480$       2,400$    ROPS 31-32A 1,200$   ROPS 31-32B 1,200$     1,440$     360$       1,800$    ROPS 32-33A 900$       ROPS 32-33B 900$         1,200$     300$       1,500$    ROPS 33-34A 750$       ROPS 33-34B 750$         960$        240$       1,200$    ROPS 34-35A 600$       ROPS 34-35B 600$         480$        120$       600$        ROPS 35-36A 300$       ROPS 35-36B 300$         480$        120$       600$        ROPS 36-37A 300$       ROPS 36-37B 300$         480$        120$       600$        ROPS 37-38A 300$       ROPS 37-38B 300$         480$        120$       600$        ROPS 38-39A 300$       ROPS 38-39B 300$         480$        120$       600$        ROPS 39-40A 300$       ROPS 39-40B 300$         ‐$        ROPS 40-41A ROPS 40-41B ‐$        ROPS 41-42A ROPS 41-42B ‐$        ROPS 42-43A ROPS 42-43B ‐$        ROPS 43-44A ROPS 43-44B ‐$        ROPS 44-45A ROPS 44-45B ‐$        ROPS 45-46A ROPS 45-46B ‐$        ROPS 46-47A ROPS 46-47B 38,640$  9,660$   48,300$  24,150$  24,150$   NOTES 2029/30 ‐ RDA loan repayment is completed.  2032/33 ‐ 2013 Series B Bond is paid off.  2033/34 ‐ 2013 Series A Bond is paid off.  2034/35 ‐ 2014 Bond is paid off.  2039/40 ‐ 2016 Bond is paid off.  11 EXHIBIT A 12 City of La Quinta SUCCESSOR AGENCY MEETING: August 1, 2017 STAFF REPORT AGENDA TITLE: ADOPT A RESOLUTION APPROVING A LAST AND FINAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE OF THE FORMER LA QUINTA REDEVELOPMENT AGENCY FROM JULY 1, 2018 THROUGH JUNE 30, 2040 RECOMMENDATION Adopt a Resolution approving a last and final Recognized Obligation Payment Schedule of the former La Quinta Redevelopment Agency from July 1, 2018 through June 30, 2040. EXECUTIVE SUMMARY •A Recognized Obligation Payment Schedule (ROPS) identifies the current payment obligations of the former La Quinta Redevelopment Agency (RDA). •The Successor Agency (SA) is responsible for these obligations and will submit the last and final ROPS to the Department of Finance (DOF), State Controller’s Office, the County Administration Officer, and the County Auditor Controller. •The last and final ROPS identifies $318,703,470 of Enforceable Obligations, which is a reduction of $49.4 million from the approved 2017/18 ROPS. •The General Fund loan repayment schedule was amended to increase the interest rate from 3% to 4%, and the bond expenditure agreements have been removed. FISCAL IMPACT The SA is requesting authorization to distribute $300,878,206 of Redevelopment Property Tax Trust Fund (RPTTF) revenue as follows: $48,300 for administrative expenses, $220,500 for bond disclosure statements, $38,551,808 for City General Fund loan payments, and $262,057,598 for bond interest and principal payments. While the total Enforceable Obligations are $318,703,470, bond trustees hold $17,823,105 of reserve account funds, which will be used to make the final bond payments and $2,159 is expected to be earned in interest. BACKGROUND/ANALYSIS The last and final ROPS identifies the RDA obligations that the SA must pay during 2018/19 through 2039/40. These obligations include tax allocation bond debt service payments, administrative costs, and City General Fund loan payments. BUSINESS SESSION ITEM NO. 2 13 For the last and final ROPS, SB 107 allows an increase in the interest rate for the outstanding City General Fund loan, from 3% to 4% based on quarterly simple interest. Item 25 recognizes the recalculated outstanding principal and interest balance. The bond expenditure agreement (items 32 and 33 approved by the Oversight Board (OB) on July 6, 2016, and subsequently by DOF on August 23, 2016, have been removed since they were approved with the 2017/18 ROPS. The last and final ROPS must be submitted to the DOF, State Controller, the County Administration Officer, and the County Auditor Controller; they will be submitted upon SA and OB approval. DOF then has 100 days to make its final determination regarding the enforceable obligations, the dollar amounts, and funding sources. The last and final ROPS is the final act of the redevelopment dissolution activities. When DOF approves them, the OB will be disbanded and the annual payments will be disbursed. ALTERNATIVES Since this is a legislative requirement, staff does not recommend an alternative. Prepared by: Karla Campos, Finance Director Approved by: Frank J. Spevacek, Executive Director 14 RESOLUTION NO. SA 2017 - A RESOLUTION OF THE SUCCESSOR AGENCY TO THE LA QUINTA REDEVELOPMENT AGENCY ADOPTING THE LAST AND FINAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE PERIOD OF JULY 1, 2018 THROUGH JUNE 30, 2040 WHEREAS, the City Council of the City of La Quinta (“City Council” or “City,” as applicable) previously approved and adopted (i) the Redevelopment Plan for La Quinta Project Area No. 1 (“Project Area No. 1” or “Project Area No. 1 Redevelopment Plan,” as applicable); and (ii) the Redevelopment Plan for La Quinta Redevelopment Project Area No. 2 (“Project Area No. 2” or “Project Area No. 2 Redevelopment Plan,” as applicable); and WHEREAS, the former La Quinta Redevelopment Agency (“Agency”) was engaged in activities to execute and implement the Project Area No. 1 Redevelopment Plan and the Project Area No. 2 Redevelopment Plan (collectively, the “Redevelopment Plans”) pursuant to the provisions of the California Community Redevelopment Law (Health and Safety Code § 33000, et seq.) (“CRL”); and WHEREAS, as part of the 2011/2012 State budget bill, the California Legislature enacted and the Governor signed, Assembly Bill 26 (“ABx1 26”) requiring that each redevelopment agency be dissolved and Assembly Bill 27 (“ABx1 27”) that would have allowed redevelopment agencies to remain in existence if certain remittance payments were made; and WHEREAS, an action challenging the constitutionality of ABx1 26 and ABx1 27 was filed in the California Supreme Court; and WHEREAS, on December 29, 2011, the Court upheld ABx1 26 and struck down ABx1 27 as unconstitutional; and WHEREAS, on January 2, 2012, the City Council adopted City Council Resolution No. 2012-002, affirmatively electing to be the “successor agency” to the Agency; and WHEREAS, on June 27, 2012, the California Legislature enacted, and the Governor signed, Assembly Bill 1484 (“AB 1484”), and on September 22, 2015, Senate Bill 107 (“SB 107”), which, among other things, made certain revisions to certain of the statutes added by ABx1 26, and all other bills that have amended ABx1 26, are collectively referred to as the “redevelopment dissolution law” (Part 1.85 of Division 24 of the Health and Safety Code); and WHEREAS, Health and Safety Code Section 34177 requires successor agencies to prepare and adopt a “Recognized Obligation Payment Schedule” (“ROPS”) that lists 15 Resolution No. SA 2017- Adoption of Recognized Obligation Payment Schedule Period of July 1, 2018 through June 30, 2040 Adopted: August 1, 2017 Page 2 of 3 all obligations of the former redevelopment agency that are enforceable within the meaning of subdivision (d) of Section 34171; and WHEREAS, Successor Agency to the La Quinta Redevelopment Agency (“Successor Agency”) staff have prepared a last and final ROPS for the period of July 1, 2018 to June 30, 2040; and WHEREAS, all remaining obligations have been previously listed on the ROPS and approved for payment by the Department of Finance pursuant to Health and Safety Code section 34177 (m) or (o); and WHEREAS, all other legal prerequisites to the adoption of this Resolution have occurred. NOW THEREFORE, BE IT RESOLVED, by the Successor Agency to the La Quinta Redevelopment Agency, as follows: SECTION 1. Recitals. The Recitals set forth above are true and correct and incorporated herein by reference. SECTION 2. Approval of last and final ROPS 18-19 through 39-40. In order to enable the Successor Agency to strictly comply with the redevelopment dissolution law, and based on the Recitals set forth above, the Successor Agency hereby approves the last and final ROPS attached hereto as Exhibit A as the Recognized Obligation Payment Schedule for the period of July 1, 2018 through June 30, 2040. Pursuant to Health & Safety Section 34173(e), the Successor Agency’s liability, including, but not limited to, its liability for the obligations on the attached schedule, is limited to the total sum of property tax revenues it receives pursuant to the redevelopment dissolution law. SECTION 3. Implementation. The Successor Agency hereby authorizes and directs the Executive Director to submit the last and final ROPS to the Oversight Board of the City as Successor Agency to the La Quinta Redevelopment Agency (the “Oversight Board”) and, after approval by the Oversight Board, to submit a copy of the approved last and final ROPS to the Department of Finance, State Controller, County Administrative Officer, and County Auditor-Controller. SECTION 4. Severability. If any provision of this Resolution or the application thereof to any person or circumstance is held invalid, such invalidity shall not affect other provisions or applications of this Resolution which can be given effect without the invalid provision or application, and to this end the provisions of this Resolution are severable. The Successor Agency hereby declares that it would have adopted this Resolution irrespective of the invalidity of any particular portion thereof. 16 Resolution No. SA 2017- Adoption of Recognized Obligation Payment Schedule Period of July 1, 2018 through June 30, 2040 Adopted: August 1, 2017 Page 3 of 3 SECTION 5. The Successor Agency Secretary shall certify to the adoption of this Resolution. PASSED, APPROVED, and ADOPTED at the meeting of the Successor Agency to the La Quinta Redevelopment Agency held this 1st of August 2017, by the following vote: AYES: NOES: ABSENT: ABSTAIN: _____________________________________ LINDA EVANS, Chairperson City of La Quinta Acting as Successor Agency to the La Quinta Redevelopment Agency ATTEST: ______________________________ SUSAN MAYSELS, Secretary City of La Quinta Acting as Successor Agency to the La Quinta Redevelopment Agency (AGENCY SEAL) APPROVED AS TO FORM: _______________________________ WILLIAM H. IHRKE, Counsel City of La Quinta Acting as Successor Agency to the La Quinta Redevelopment Agency 17 18 Successor Agency:La QuintaCounty:RiversideInitial ROPS PeriodROPS 17-18AFinal ROPS PeriodROPS 46-47BRequested Funding for Enforceable Obligations Total Outstanding Obligation A17,825,264$ B17,823,105 C2,159 D300,878,206$ E300,878,206 F- G Total Outstanding Enforceable Obligations (A+D):318,703,470$ NameTitle/s/SignatureDate Administrative RPTTFCertification 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 agency.Last and Final Recognized Obligation Payment Schedule (ROPS) - Summary Filed for the July 1, 2017 through June 30, 2048 PeriodEnforceable Obligations Funded as Follows (B+C): RPTTF Redevelopment Property Tax Trust Fund (RPTTF) (E+F):Bond ProceedsOther FundsEXHIBIT A19 Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF 17,549,675$ 2,159$ 221,745,351$ -$ 239,297,185$ 273,430$ -$ 79,132,855$ -$ 79,406,285$ 318,703,470$ ROPS 17-18A- - - - $- ROPS 17-18B- - - - $- $- ROPS 18-19A- 220 12,952,280 - $ 12,952,500 ROPS 18-19B- - 7,544,227 - $ 7,544,227 $ 20,496,727 ROPS 19-20A- 170 13,124,992 - $ 13,125,162 ROPS 19-20B- - 7,428,202 - $ 7,428,202 $ 20,553,364 ROPS 20-21A- 120 13,306,756 - $ 13,306,876 ROPS 20-21B- - 7,288,021 - $ 7,288,021 $ 20,594,897 ROPS 21-22A- 120 13,513,069 - $ 13,513,189 ROPS 21-22B- - 7,135,056 - $ 7,135,056 $ 20,648,245 ROPS 22-23A- 120 13,730,327 - $ 13,730,447 ROPS 22-23B- - 6,969,745 - $ 6,969,745 $ 20,700,192 ROPS 23-24A- 120 13,948,944 - $ 13,949,064 ROPS 23-24B- - 6,792,629 - $ 6,792,629 $ 20,741,693 ROPS 24-25A- 120 14,194,434 - $ 14,194,554 ROPS 24-25B- - 6,602,296 - $ 6,602,296 $ 20,796,850 ROPS 25-26A- 120 14,455,360 - $ 14,455,480 ROPS 25-26B- - 6,399,585 - $ 6,399,585 $ 20,855,065 ROPS 26-27A- 120 14,732,531 - $ 14,732,651 ROPS 26-27B- - 6,183,680 - $ 6,183,680 $ 20,916,331 ROPS 27-28A- 120 15,020,108 - $ 15,020,228 ROPS 27-28B- - 5,976,118 - $ 5,976,118 $ 20,996,346 ROPS 28-29A- 120 15,294,597 - $ 15,294,717 ROPS 28-29B- - 5,731,093 - $ 5,731,093 $ 21,025,810 ROPS 29-30A- 120 15,610,164 - $ 15,610,284 ROPS 29-30B- - 2,269,202 - $ 2,269,202 $ 17,879,486 ROPS 30-31A- 90 15,953,011 - $ 15,953,101 ROPS 30-31B- - 1,242,244 - $ 1,242,244 $ 17,195,345 ROPS 31-32A- 90 16,311,154 - $ 16,311,244 ROPS 31-32B50,760 - 816,206 - $ 866,966 $ 17,178,210 ROPS 32-33A 9,307,494 90 7,383,083 - $ 16,690,667 ROPS 32-33B8,906 - 462,557 - $ 471,463 $ 17,162,130 ROPS 33-34A 384,886 65 7,334,537 - $ 7,719,488 ROPS 33-34B125,375 - 169,385 - $ 294,760 $ 8,014,248 ROPS 34-35A 5,140,330 45 2,793,910 - $ 7,934,285 ROPS 34-35B- - 109,484 - $ 109,484 $ 8,043,769 ROPS 35-36A 763,720 45 2,081,594 - $ 2,845,359 ROPS 35-36B42,214 - 2,625 - $ 44,839 $ 2,890,198 ROPS 36-37A 617,173 41 1,125 - $ 618,339 ROPS 36-37B29,199 - 2,625 - $ 31,824 $650,163 ROPS 37-38A 629,158 41 1,125 - $ 630,324 ROPS 37-38B15,618 - 2,625 - $ 18,243 $648,567 ROPS 38-39A 645,577 41 1,125 - $ 646,743 ROPS 38-39B1,358 - 2,625 - $ 3,983 $650,726 ROPS 39-40A61,337 21 1,125 - $ 62,483 ROPS 39-40B- - 2,625 - $2,625 $65,108 ROPS 40-41A- - - - $- ROPS 40-41B- - - - $- $- ROPS 41-42A- - - - $- ROPS 41-42B- - - - $- $- ROPS 42-43A- - - - $- ROPS 42-43B- - - - $- $- ROPS 43-44A- - - - $- ROPS 43-44B- - - - $- $- ROPS 44-45A- - - - $- ROPS 44-45B- - - - $- $- ROPS 45-46A- - - - $- ROPS 45-46B- - - - $- $- ROPS 46-47A- - - - $- ROPS 46-47B- - - - $- $- Fund Sources B PeriodJanuary - June ROPS PeriodLa Quinta Last and Final Recognized Obligation Payment Schedule (ROPS) - ROPS DetailTwelve-Month Total Fund Sources Six-Month Total Six-Month Total A PeriodJuly - December ROPS PeriodJuly 1, 2017 through June 30, 204820 AB C D E F GH I318,703,470$ 9 Annual Continuing Disclosure Fees1/17/20129/1/2039Willdan Financial Services Preparation of annual continuing 105,000 10 Bond Holder FeesFees6/16/20059/1/2039US BankFees for holding administration and distribution of bond proceeds115,500 22 Administrative AllowanceAdmin Costs1/1/20149/1/2039City of La QuintaAdministrative Allowance per ABx1 26 (3% of ROPS)48,300 23 Series A 2013 TARBBonds Issued After 12/31/1012/23/20139/1/2033US BankRefund 1998, 2001, 2002, 2003 TABs 115,982,019 24 Series B 2013 TARBBonds Issued After 12/31/1012/23/20139/1/2032US BankRefund 1998, 2001, 2002, 2003 TABs 28,110,786 25 Advances from City General Fund approved for repayment by Oversight BoardCity/County Loan (Prior 06/28/11), Cash exchange6/30/19949/1/2030City of La QuintaLoans made from the General Fund to the former RDA. Principal and 4% simple interest. 38,551,808 27 2014 BondsBonds Issued After 12/31/107/9/20149/1/2034US BankRefund 2004 Bonds 88,003,775 31 2016 Taxable Series A TARBBonds Issued After 12/31/1012/22/20169/1/2039US BankRefund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 47,786,282 32 Bond Expenditure Agreement, La Quinta Non-Housing Tax Allocation BondsBond Funded Project – Pre-20117/5/201612/31/2017City of La QuintaIn agreement with the bond spending plan as outlined in the bond expenditure agreement. - 33 Bond Expenditure Agreement, La Quinta Housing Tax Allocation BondsBond Funded Project – Housing7/5/201612/31/2017City of La QuintaIn agreement with the bond spending plan as outlined in the bond expenditure agreement. - 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 La Quinta Last and Final Recognized Obligation Payment Schedule (ROPS) - ROPS DetailItem #Payee Description/Project ScopeProject Area Total Outstanding Obligation Project Name/Debt ObligationObligation TypeContract/Agreement Execution DateContract/Agreement Termination DateJuly 1, 2017 through June 30, 2048(Report Amounts in Whole Dollars)21 AB C D E F GH 9 Annual Continuing Disclosure Fees1/17/20129/1/2039Willdan Financial Services Preparation of annual continuing 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 23 Series A 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 24 Series B 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 25 Advances from City General Fund approved for repayment by Oversight BoardCity/County Loan (Prior 06/28/11), Cash exchange6/30/1994 9/1/2030 City of La Quinta Loans made from the General Fund to the former RDA. Principal and 4% simple interest. 27 2014 Bonds Bonds Issued After 12/31/107/9/2014 9/1/2034 US Bank Refund 2004 Bonds 31 2016 Taxable Series A TARB Bonds Issued After 12/31/1012/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 32 Bond Expenditure Agreement, La Quinta Non-Housing Tax Allocation BondsBond Funded Project – Pre-20117/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 33 Bond Expenditure Agreement, La Quinta Housing Tax Allocation BondsBond Funded Project – Housing7/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 La Quinta Last and Final Recognized Obligation Payment Schedule (ROPS) - ROPS DetailItem #Payee Description/Project ScopeProject AreaProject Name/Debt ObligationObligation TypeContract/Agreement Execution DateContract/Agreement Termination DateJuly 1, 2017 through June 30, 2048(Report Amounts in Whole Dollars)JKLMNOPQ Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF -$ -$ -$ -$ -$ -$-$ -$ Fund Sources Fund Sources 17-18A (July - December) 17-18B (January - June) 22 AB C D E F GH 9 Annual Continuing Disclosure Fees1/17/20129/1/2039Willdan Financial Services Preparation of annual continuing 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 23 Series A 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 24 Series B 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 25 Advances from City General Fund approved for repayment by Oversight BoardCity/County Loan (Prior 06/28/11), Cash exchange6/30/1994 9/1/2030 City of La Quinta Loans made from the General Fund to the former RDA. Principal and 4% simple interest. 27 2014 Bonds Bonds Issued After 12/31/107/9/2014 9/1/2034 US Bank Refund 2004 Bonds 31 2016 Taxable Series A TARB Bonds Issued After 12/31/1012/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 32 Bond Expenditure Agreement, La Quinta Non-Housing Tax Allocation BondsBond Funded Project – Pre-20117/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 33 Bond Expenditure Agreement, La Quinta Housing Tax Allocation BondsBond Funded Project – Housing7/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 La Quinta Last and Final Recognized Obligation Payment Schedule (ROPS) - ROPS DetailItem #Payee Description/Project ScopeProject AreaProject Name/Debt ObligationObligation TypeContract/Agreement Execution DateContract/Agreement Termination DateJuly 1, 2017 through June 30, 2048(Report Amounts in Whole Dollars)RSTUVWXY Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF -$220$12,952,280$ -$-$ -$ 7,544,227$ -$6,000 3,300 3,300 1,500 1,500 220 5,814,012 1,929,481 1,412,289 478,029 3,113,066 3,801,125 1,414,325 1,920,054 598,526 Fund Sources Fund Sources 18-19B (January - June) 18-19A (July - December) 23 AB C D E F GH 9 Annual Continuing Disclosure Fees1/17/20129/1/2039Willdan Financial Services Preparation of annual continuing 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 23 Series A 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 24 Series B 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 25 Advances from City General Fund approved for repayment by Oversight BoardCity/County Loan (Prior 06/28/11), Cash exchange6/30/1994 9/1/2030 City of La Quinta Loans made from the General Fund to the former RDA. Principal and 4% simple interest. 27 2014 Bonds Bonds Issued After 12/31/107/9/2014 9/1/2034 US Bank Refund 2004 Bonds 31 2016 Taxable Series A TARB Bonds Issued After 12/31/1012/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 32 Bond Expenditure Agreement, La Quinta Non-Housing Tax Allocation BondsBond Funded Project – Pre-20117/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 33 Bond Expenditure Agreement, La Quinta Housing Tax Allocation BondsBond Funded Project – Housing7/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 La Quinta Last and Final Recognized Obligation Payment Schedule (ROPS) - ROPS DetailItem #Payee Description/Project ScopeProject AreaProject Name/Debt ObligationObligation TypeContract/Agreement Execution DateContract/Agreement Termination DateJuly 1, 2017 through June 30, 2048(Report Amounts in Whole Dollars)ZAAABACADAEAFAG Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTFAdmin RPTTF -$170$13,124,992$ -$-$ -$7,428,202$ -$ 6,000 3,300 3,300 1,500 1,500 170 5,914,312 1,829,856 1,428,029 461,594 3,175,327 3,849,325 1,365,625 1,928,526 585,000 Fund Sources 19-20B (January - June) 19-20A (July - December) Fund Sources 24 AB C D E F GH 9 Annual Continuing Disclosure Fees1/17/20129/1/2039Willdan Financial Services Preparation of annual continuing 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 23 Series A 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 24 Series B 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 25 Advances from City General Fund approved for repayment by Oversight BoardCity/County Loan (Prior 06/28/11), Cash exchange6/30/1994 9/1/2030 City of La Quinta Loans made from the General Fund to the former RDA. Principal and 4% simple interest. 27 2014 Bonds Bonds Issued After 12/31/107/9/2014 9/1/2034 US Bank Refund 2004 Bonds 31 2016 Taxable Series A TARB Bonds Issued After 12/31/1012/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 32 Bond Expenditure Agreement, La Quinta Non-Housing Tax Allocation BondsBond Funded Project – Pre-20117/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 33 Bond Expenditure Agreement, La Quinta Housing Tax Allocation BondsBond Funded Project – Housing7/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 La Quinta Last and Final Recognized Obligation Payment Schedule (ROPS) - ROPS DetailItem #Payee Description/Project ScopeProject AreaProject Name/Debt ObligationObligation TypeContract/Agreement Execution DateContract/Agreement Termination DateJuly 1, 2017 through June 30, 2048(Report Amounts in Whole Dollars)AHAIAJAKALAMANAO Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF -$120$ 13,306,756$ -$-$-$7,288,021$ -$6,000 3,300 3,300 1,500 1,500 120 6,009,737 1,725,356 1,446,594 441,894 3,238,833 3,895,625 1,302,375 1,950,000 568,763 20-21A (July - December) 20-21B (January - June) Fund Sources Fund Sources 25 AB C D E F GH 9 Annual Continuing Disclosure Fees1/17/20129/1/2039Willdan Financial Services Preparation of annual continuing 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 23 Series A 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 24 Series B 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 25 Advances from City General Fund approved for repayment by Oversight BoardCity/County Loan (Prior 06/28/11), Cash exchange6/30/1994 9/1/2030 City of La Quinta Loans made from the General Fund to the former RDA. Principal and 4% simple interest. 27 2014 Bonds Bonds Issued After 12/31/107/9/2014 9/1/2034 US Bank Refund 2004 Bonds 31 2016 Taxable Series A TARB Bonds Issued After 12/31/1012/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 32 Bond Expenditure Agreement, La Quinta Non-Housing Tax Allocation BondsBond Funded Project – Pre-20117/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 33 Bond Expenditure Agreement, La Quinta Housing Tax Allocation BondsBond Funded Project – Housing7/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 La Quinta Last and Final Recognized Obligation Payment Schedule (ROPS) - ROPS DetailItem #Payee Description/Project ScopeProject AreaProject Name/Debt ObligationObligation TypeContract/Agreement Execution DateContract/Agreement Termination DateJuly 1, 2017 through June 30, 2048(Report Amounts in Whole Dollars)APAQARASATAUAVAW Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF -$120$ 13,513,069$ -$-$-$ 7,135,056$ -$6,000 3,300 3,300 1,500 1,500 120 6,115,237 1,615,606 1,466,894 419,088 3,303,610 3,962,375 1,235,875 1,963,763 550,077 21-22A (July - December) Fund Sources Fund Sources 21-22B (January - June) 26 AB C D E F GH 9 Annual Continuing Disclosure Fees1/17/20129/1/2039Willdan Financial Services Preparation of annual continuing 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 23 Series A 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 24 Series B 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 25 Advances from City General Fund approved for repayment by Oversight BoardCity/County Loan (Prior 06/28/11), Cash exchange6/30/1994 9/1/2030 City of La Quinta Loans made from the General Fund to the former RDA. Principal and 4% simple interest. 27 2014 Bonds Bonds Issued After 12/31/107/9/2014 9/1/2034 US Bank Refund 2004 Bonds 31 2016 Taxable Series A TARB Bonds Issued After 12/31/1012/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 32 Bond Expenditure Agreement, La Quinta Non-Housing Tax Allocation BondsBond Funded Project – Pre-20117/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 33 Bond Expenditure Agreement, La Quinta Housing Tax Allocation BondsBond Funded Project – Housing7/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 La Quinta Last and Final Recognized Obligation Payment Schedule (ROPS) - ROPS DetailItem #Payee Description/Project ScopeProject AreaProject Name/Debt ObligationObligation TypeContract/Agreement Execution DateContract/Agreement Termination DateJuly 1, 2017 through June 30, 2048(Report Amounts in Whole Dollars)AXAYAZBABBBCBDBE Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF -$120$ 13,730,327$ -$-$-$ 6,969,745$ -$6,000 3,300 3,300 1,500 1,500 120 6,225,487 1,500,356 1,489,088 393,729 3,369,682 4,030,875 1,166,000 1,980,077 529,178 Fund Sources 22-23B (January - June) 22-23A (July - December) Fund Sources 27 AB C D E F GH 9 Annual Continuing Disclosure Fees1/17/20129/1/2039Willdan Financial Services Preparation of annual continuing 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 23 Series A 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 24 Series B 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 25 Advances from City General Fund approved for repayment by Oversight BoardCity/County Loan (Prior 06/28/11), Cash exchange6/30/1994 9/1/2030 City of La Quinta Loans made from the General Fund to the former RDA. Principal and 4% simple interest. 27 2014 Bonds Bonds Issued After 12/31/107/9/2014 9/1/2034 US Bank Refund 2004 Bonds 31 2016 Taxable Series A TARB Bonds Issued After 12/31/1012/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 32 Bond Expenditure Agreement, La Quinta Non-Housing Tax Allocation BondsBond Funded Project – Pre-20117/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 33 Bond Expenditure Agreement, La Quinta Housing Tax Allocation BondsBond Funded Project – Housing7/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 La Quinta Last and Final Recognized Obligation Payment Schedule (ROPS) - ROPS DetailItem #Payee Description/Project ScopeProject AreaProject Name/Debt ObligationObligation TypeContract/Agreement Execution DateContract/Agreement Termination DateJuly 1, 2017 through June 30, 2048(Report Amounts in Whole Dollars)BFBGBHBIBJBKBLBM Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF -$120$ 13,948,944$ -$-$ -$ 6,792,629$ -$6,000 3,300 3,300 1,500 1,500 120 6,340,237 1,379,356 1,513,729 366,345 3,437,076 4,096,000 1,092,750 1,994,178 506,302 Fund Sources Fund Sources 23-24A (July - December) 23-24B (January - June) 28 AB C D E F GH 9 Annual Continuing Disclosure Fees1/17/20129/1/2039Willdan Financial Services Preparation of annual continuing 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 23 Series A 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 24 Series B 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 25 Advances from City General Fund approved for repayment by Oversight BoardCity/County Loan (Prior 06/28/11), Cash exchange6/30/1994 9/1/2030 City of La Quinta Loans made from the General Fund to the former RDA. Principal and 4% simple interest. 27 2014 Bonds Bonds Issued After 12/31/107/9/2014 9/1/2034 US Bank Refund 2004 Bonds 31 2016 Taxable Series A TARB Bonds Issued After 12/31/1012/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 32 Bond Expenditure Agreement, La Quinta Non-Housing Tax Allocation BondsBond Funded Project – Pre-20117/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 33 Bond Expenditure Agreement, La Quinta Housing Tax Allocation BondsBond Funded Project – Housing7/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 La Quinta Last and Final Recognized Obligation Payment Schedule (ROPS) - ROPS DetailItem #Payee Description/Project ScopeProject AreaProject Name/Debt ObligationObligation TypeContract/Agreement Execution DateContract/Agreement Termination DateJuly 1, 2017 through June 30, 2048(Report Amounts in Whole Dollars)BNBOBPBQBRBSBTBU Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF -$120$ 14,194,434$ -$-$ -$ 6,602,296$ -$6,000 3,300 3,300 1,500 1,500 120 6,459,237 1,252,356 1,541,345 335,560 3,505,817 4,172,750 1,015,750 2,016,302 482,013 24-25A (July - December) Fund Sources Fund Sources 24-25B (January - June) 29 AB C D E F GH 9 Annual Continuing Disclosure Fees1/17/20129/1/2039Willdan Financial Services Preparation of annual continuing 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 23 Series A 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 24 Series B 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 25 Advances from City General Fund approved for repayment by Oversight BoardCity/County Loan (Prior 06/28/11), Cash exchange6/30/1994 9/1/2030 City of La Quinta Loans made from the General Fund to the former RDA. Principal and 4% simple interest. 27 2014 Bonds Bonds Issued After 12/31/107/9/2014 9/1/2034 US Bank Refund 2004 Bonds 31 2016 Taxable Series A TARB Bonds Issued After 12/31/1012/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 32 Bond Expenditure Agreement, La Quinta Non-Housing Tax Allocation BondsBond Funded Project – Pre-20117/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 33 Bond Expenditure Agreement, La Quinta Housing Tax Allocation BondsBond Funded Project – Housing7/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 La Quinta Last and Final Recognized Obligation Payment Schedule (ROPS) - ROPS DetailItem #Payee Description/Project ScopeProject AreaProject Name/Debt ObligationObligation TypeContract/Agreement Execution DateContract/Agreement Termination DateJuly 1, 2017 through June 30, 2048(Report Amounts in Whole Dollars)BVBWBXBYBZCACBCC Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF -$120$14,455,360$ -$-$ -$6,399,585$ -$6,000 3,300 3,300 1,500 1,500 120 6,587,237 1,118,981 1,570,560 303,203 3,575,934 4,245,750 935,000 2,047,013 455,667 Fund Sources 25-26B (January - June) 25-26A (July - December) Fund Sources 30 AB C D E F GH 9 Annual Continuing Disclosure Fees1/17/20129/1/2039Willdan Financial Services Preparation of annual continuing 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 23 Series A 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 24 Series B 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 25 Advances from City General Fund approved for repayment by Oversight BoardCity/County Loan (Prior 06/28/11), Cash exchange6/30/1994 9/1/2030 City of La Quinta Loans made from the General Fund to the former RDA. Principal and 4% simple interest. 27 2014 Bonds Bonds Issued After 12/31/107/9/2014 9/1/2034 US Bank Refund 2004 Bonds 31 2016 Taxable Series A TARB Bonds Issued After 12/31/1012/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 32 Bond Expenditure Agreement, La Quinta Non-Housing Tax Allocation BondsBond Funded Project – Pre-20117/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 33 Bond Expenditure Agreement, La Quinta Housing Tax Allocation BondsBond Funded Project – Housing7/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 La Quinta Last and Final Recognized Obligation Payment Schedule (ROPS) - ROPS DetailItem #Payee Description/Project ScopeProject AreaProject Name/Debt ObligationObligation TypeContract/Agreement Execution DateContract/Agreement Termination DateJuly 1, 2017 through June 30, 2048(Report Amounts in Whole Dollars)CDCECFCGCHCICJCK Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF -$120$ 14,732,531$ -$-$-$ 6,183,680$ -$6,000 3,300 3,300 1,500 1,500 120 6,723,861 978,856 1,603,203 269,143 3,647,452 4,325,000 850,250 2,075,667 427,179 Fund Sources Fund Sources 26-27A (July - December) 26-27B (January - June) 31 AB C D E F GH 9 Annual Continuing Disclosure Fees1/17/20129/1/2039Willdan Financial Services Preparation of annual continuing 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 23 Series A 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 24 Series B 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 25 Advances from City General Fund approved for repayment by Oversight BoardCity/County Loan (Prior 06/28/11), Cash exchange6/30/1994 9/1/2030 City of La Quinta Loans made from the General Fund to the former RDA. Principal and 4% simple interest. 27 2014 Bonds Bonds Issued After 12/31/107/9/2014 9/1/2034 US Bank Refund 2004 Bonds 31 2016 Taxable Series A TARB Bonds Issued After 12/31/1012/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 32 Bond Expenditure Agreement, La Quinta Non-Housing Tax Allocation BondsBond Funded Project – Pre-20117/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 33 Bond Expenditure Agreement, La Quinta Housing Tax Allocation BondsBond Funded Project – Housing7/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 La Quinta Last and Final Recognized Obligation Payment Schedule (ROPS) - ROPS DetailItem #Payee Description/Project ScopeProject AreaProject Name/Debt ObligationObligation TypeContract/Agreement Execution DateContract/Agreement Termination DateJuly 1, 2017 through June 30, 2048(Report Amounts in Whole Dollars)CLCMCNCOCPCQCRCS Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF -$120$15,020,108$ -$-$-$ 5,976,118$ -$6,000 3,300 3,300 1,500 1,500 120 6,863,736 855,656 1,639,143 231,125 3,720,401 4,410,250 761,250 2,102,179 396,886 27-28A (July - December) Fund Sources Fund Sources 27-28B (January - June) 32 AB C D E F GH 9 Annual Continuing Disclosure Fees1/17/20129/1/2039Willdan Financial Services Preparation of annual continuing 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 23 Series A 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 24 Series B 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 25 Advances from City General Fund approved for repayment by Oversight BoardCity/County Loan (Prior 06/28/11), Cash exchange6/30/1994 9/1/2030 City of La Quinta Loans made from the General Fund to the former RDA. Principal and 4% simple interest. 27 2014 Bonds Bonds Issued After 12/31/107/9/2014 9/1/2034 US Bank Refund 2004 Bonds 31 2016 Taxable Series A TARB Bonds Issued After 12/31/1012/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 32 Bond Expenditure Agreement, La Quinta Non-Housing Tax Allocation BondsBond Funded Project – Pre-20117/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 33 Bond Expenditure Agreement, La Quinta Housing Tax Allocation BondsBond Funded Project – Housing7/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 La Quinta Last and Final Recognized Obligation Payment Schedule (ROPS) - ROPS DetailItem #Payee Description/Project ScopeProject AreaProject Name/Debt ObligationObligation TypeContract/Agreement Execution DateContract/Agreement Termination DateJuly 1, 2017 through June 30, 2048(Report Amounts in Whole Dollars)CTCUCVCWCXCYCZDA Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF -$120$ 15,294,597$ -$-$-$ 5,731,093$ -$6,000 3,300 3,300 1,500 1,500 120 6,985,536 702,406 1,676,125 191,026 3,794,809 4,501,250 667,750 2,126,886 364,302 Fund Sources 28-29B (January - June) 28-29A (July - December) Fund Sources 33 AB C D E F GH 9 Annual Continuing Disclosure Fees1/17/20129/1/2039Willdan Financial Services Preparation of annual continuing 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 23 Series A 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 24 Series B 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 25 Advances from City General Fund approved for repayment by Oversight BoardCity/County Loan (Prior 06/28/11), Cash exchange6/30/1994 9/1/2030 City of La Quinta Loans made from the General Fund to the former RDA. Principal and 4% simple interest. 27 2014 Bonds Bonds Issued After 12/31/107/9/2014 9/1/2034 US Bank Refund 2004 Bonds 31 2016 Taxable Series A TARB Bonds Issued After 12/31/1012/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 32 Bond Expenditure Agreement, La Quinta Non-Housing Tax Allocation BondsBond Funded Project – Pre-20117/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 33 Bond Expenditure Agreement, La Quinta Housing Tax Allocation BondsBond Funded Project – Housing7/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 La Quinta Last and Final Recognized Obligation Payment Schedule (ROPS) - ROPS DetailItem #Payee Description/Project ScopeProject AreaProject Name/Debt ObligationObligation TypeContract/Agreement Execution DateContract/Agreement Termination DateJuly 1, 2017 through June 30, 2048(Report Amounts in Whole Dollars)DBDCDDDEDFDGDHDI Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF -$120$15,610,164$ -$-$-$ 2,269,202$ -$6,000 3,300 3,300 1,500 1,500 120 7,137,286 541,531 1,711,026 148,846 669,801 4,592,750 569,625 2,164,302 328,599 Fund Sources Fund Sources 29-30A (July - December) 29-30B (January - June) 34 AB C D E F GH 9 Annual Continuing Disclosure Fees1/17/20129/1/2039Willdan Financial Services Preparation of annual continuing 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 23 Series A 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 24 Series B 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 25 Advances from City General Fund approved for repayment by Oversight BoardCity/County Loan (Prior 06/28/11), Cash exchange6/30/1994 9/1/2030 City of La Quinta Loans made from the General Fund to the former RDA. Principal and 4% simple interest. 27 2014 Bonds Bonds Issued After 12/31/107/9/2014 9/1/2034 US Bank Refund 2004 Bonds 31 2016 Taxable Series A TARB Bonds Issued After 12/31/1012/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 32 Bond Expenditure Agreement, La Quinta Non-Housing Tax Allocation BondsBond Funded Project – Pre-20117/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 33 Bond Expenditure Agreement, La Quinta Housing Tax Allocation BondsBond Funded Project – Housing7/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 La Quinta Last and Final Recognized Obligation Payment Schedule (ROPS) - ROPS DetailItem #Payee Description/Project ScopeProject AreaProject Name/Debt ObligationObligation TypeContract/Agreement Execution DateContract/Agreement Termination DateJuly 1, 2017 through June 30, 2048(Report Amounts in Whole Dollars)DJDKDLDMDNDODPDQ Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF -$90$ 15,953,011$ -$-$-$ 1,242,244$ -$6,000 3,300 3,300 1,200 1,200 90 7,301,441 372,531 1,753,846 102,141 4,694,625 466,500 2,198,599 290,572 30-31A (July - December) Fund Sources Fund Sources 30-31B (January - June) 35 AB C D E F GH 9 Annual Continuing Disclosure Fees1/17/20129/1/2039Willdan Financial Services Preparation of annual continuing 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 23 Series A 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 24 Series B 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 25 Advances from City General Fund approved for repayment by Oversight BoardCity/County Loan (Prior 06/28/11), Cash exchange6/30/1994 9/1/2030 City of La Quinta Loans made from the General Fund to the former RDA. Principal and 4% simple interest. 27 2014 Bonds Bonds Issued After 12/31/107/9/2014 9/1/2034 US Bank Refund 2004 Bonds 31 2016 Taxable Series A TARB Bonds Issued After 12/31/1012/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 32 Bond Expenditure Agreement, La Quinta Non-Housing Tax Allocation BondsBond Funded Project – Pre-20117/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 33 Bond Expenditure Agreement, La Quinta Housing Tax Allocation BondsBond Funded Project – Housing7/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 La Quinta Last and Final Recognized Obligation Payment Schedule (ROPS) - ROPS DetailItem #Payee Description/Project ScopeProject AreaProject Name/Debt ObligationObligation TypeContract/Agreement Execution DateContract/Agreement Termination DateJuly 1, 2017 through June 30, 2048(Report Amounts in Whole Dollars)DRDSDTDUDVDWDXDY Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF -$ 90$ 16,311,154$ -$50,760$ -$816,206$ -$6,000 3,300 3,300 1,200 1,200 90 7,467,441 195,156 1,807,141 50,760 1,765 4,796,500 358,250 2,235,572 250,535 Fund Sources 31-32B (January - June) 31-32A (July - December) Fund Sources 36 AB C D E F GH 9 Annual Continuing Disclosure Fees1/17/20129/1/2039Willdan Financial Services Preparation of annual continuing 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 23 Series A 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 24 Series B 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 25 Advances from City General Fund approved for repayment by Oversight BoardCity/County Loan (Prior 06/28/11), Cash exchange6/30/1994 9/1/2030 City of La Quinta Loans made from the General Fund to the former RDA. Principal and 4% simple interest. 27 2014 Bonds Bonds Issued After 12/31/107/9/2014 9/1/2034 US Bank Refund 2004 Bonds 31 2016 Taxable Series A TARB Bonds Issued After 12/31/1012/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 32 Bond Expenditure Agreement, La Quinta Non-Housing Tax Allocation BondsBond Funded Project – Pre-20117/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 33 Bond Expenditure Agreement, La Quinta Housing Tax Allocation BondsBond Funded Project – Housing7/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 La Quinta Last and Final Recognized Obligation Payment Schedule (ROPS) - ROPS DetailItem #Payee Description/Project ScopeProject AreaProject Name/Debt ObligationObligation TypeContract/Agreement Execution DateContract/Agreement Termination DateJuly 1, 2017 through June 30, 2048(Report Amounts in Whole Dollars)DZEAEBECEDEEEFEG Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF 9,307,494$ 90$ 7,383,083$ -$8,906$-$462,557$ -$6,000 3,300 3,300 900 900 7,449,968 90 195,098 8,906 1,857,526 4,903,250 244,625 2,280,535 207,732 Fund Sources Fund Sources 32-33A (July - December) 32-33B (January - June) 37 AB C D E F GH 9 Annual Continuing Disclosure Fees1/17/20129/1/2039Willdan Financial Services Preparation of annual continuing 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 23 Series A 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 24 Series B 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 25 Advances from City General Fund approved for repayment by Oversight BoardCity/County Loan (Prior 06/28/11), Cash exchange6/30/1994 9/1/2030 City of La Quinta Loans made from the General Fund to the former RDA. Principal and 4% simple interest. 27 2014 Bonds Bonds Issued After 12/31/107/9/2014 9/1/2034 US Bank Refund 2004 Bonds 31 2016 Taxable Series A TARB Bonds Issued After 12/31/1012/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 32 Bond Expenditure Agreement, La Quinta Non-Housing Tax Allocation BondsBond Funded Project – Pre-20117/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 33 Bond Expenditure Agreement, La Quinta Housing Tax Allocation BondsBond Funded Project – Housing7/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 La Quinta Last and Final Recognized Obligation Payment Schedule (ROPS) - ROPS DetailItem #Payee Description/Project ScopeProject AreaProject Name/Debt ObligationObligation TypeContract/Agreement Execution DateContract/Agreement Termination DateJuly 1, 2017 through June 30, 2048(Report Amounts in Whole Dollars)EHEIEJEKELEMENEO Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF 384,886$ 65$7,334,537$ -$125,375$ -$ 169,385$ -$4,500 2,475 2,475 750 750 383,841 65 1,045 5,013,580 125,375 2,317,732 161,660 33-34A (July - December) Fund Sources Fund Sources 33-34B (January - June) 38 AB C D E F GH 9 Annual Continuing Disclosure Fees1/17/20129/1/2039Willdan Financial Services Preparation of annual continuing 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 23 Series A 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 24 Series B 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 25 Advances from City General Fund approved for repayment by Oversight BoardCity/County Loan (Prior 06/28/11), Cash exchange6/30/1994 9/1/2030 City of La Quinta Loans made from the General Fund to the former RDA. Principal and 4% simple interest. 27 2014 Bonds Bonds Issued After 12/31/107/9/2014 9/1/2034 US Bank Refund 2004 Bonds 31 2016 Taxable Series A TARB Bonds Issued After 12/31/1012/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 32 Bond Expenditure Agreement, La Quinta Non-Housing Tax Allocation BondsBond Funded Project – Pre-20117/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 33 Bond Expenditure Agreement, La Quinta Housing Tax Allocation BondsBond Funded Project – Housing7/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 La Quinta Last and Final Recognized Obligation Payment Schedule (ROPS) - ROPS DetailItem #Payee Description/Project ScopeProject AreaProject Name/Debt ObligationObligation TypeContract/Agreement Execution DateContract/Agreement Termination DateJuly 1, 2017 through June 30, 2048(Report Amounts in Whole Dollars)EPEQERESETEUEVEW Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF 5,140,330$ 45$ 2,793,910$ -$-$-$ 109,484$ -$3,000 1,650 1,650 600 600 5,140,330 45 2,791,660 104,234 Fund Sources 34-35B (January - June) 34-35A (July - December) Fund Sources 39 AB C D E F GH 9 Annual Continuing Disclosure Fees1/17/20129/1/2039Willdan Financial Services Preparation of annual continuing 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 23 Series A 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 24 Series B 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 25 Advances from City General Fund approved for repayment by Oversight BoardCity/County Loan (Prior 06/28/11), Cash exchange6/30/1994 9/1/2030 City of La Quinta Loans made from the General Fund to the former RDA. Principal and 4% simple interest. 27 2014 Bonds Bonds Issued After 12/31/107/9/2014 9/1/2034 US Bank Refund 2004 Bonds 31 2016 Taxable Series A TARB Bonds Issued After 12/31/1012/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 32 Bond Expenditure Agreement, La Quinta Non-Housing Tax Allocation BondsBond Funded Project – Pre-20117/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 33 Bond Expenditure Agreement, La Quinta Housing Tax Allocation BondsBond Funded Project – Housing7/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 La Quinta Last and Final Recognized Obligation Payment Schedule (ROPS) - ROPS DetailItem #Payee Description/Project ScopeProject AreaProject Name/Debt ObligationObligation TypeContract/Agreement Execution DateContract/Agreement Termination DateJuly 1, 2017 through June 30, 2048(Report Amounts in Whole Dollars)EXEYEZFAFBFCFDFE Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF 763,720$ 45$ 2,081,594$ -$42,214$ -$ 2,625$-$1,500 825 825 300 300 763,720 45 2,080,469 42,214 Fund Sources Fund Sources 35-36A (July - December) 35-36B (January - June) 40 AB C D E F GH 9 Annual Continuing Disclosure Fees1/17/20129/1/2039Willdan Financial Services Preparation of annual continuing 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 23 Series A 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 24 Series B 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 25 Advances from City General Fund approved for repayment by Oversight BoardCity/County Loan (Prior 06/28/11), Cash exchange6/30/1994 9/1/2030 City of La Quinta Loans made from the General Fund to the former RDA. Principal and 4% simple interest. 27 2014 Bonds Bonds Issued After 12/31/107/9/2014 9/1/2034 US Bank Refund 2004 Bonds 31 2016 Taxable Series A TARB Bonds Issued After 12/31/1012/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 32 Bond Expenditure Agreement, La Quinta Non-Housing Tax Allocation BondsBond Funded Project – Pre-20117/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 33 Bond Expenditure Agreement, La Quinta Housing Tax Allocation BondsBond Funded Project – Housing7/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 La Quinta Last and Final Recognized Obligation Payment Schedule (ROPS) - ROPS DetailItem #Payee Description/Project ScopeProject AreaProject Name/Debt ObligationObligation TypeContract/Agreement Execution DateContract/Agreement Termination DateJuly 1, 2017 through June 30, 2048(Report Amounts in Whole Dollars)FFFGFHFIFJFKFLFM Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF 617,173$ 41$ 1,125$-$ 29,199$ -$ 2,625$-$1,500 825 825 300 300 617,173 41 29,199 36-37A (July - December) Fund Sources Fund Sources 36-37B (January - June) 41 AB C D E F GH 9 Annual Continuing Disclosure Fees1/17/20129/1/2039Willdan Financial Services Preparation of annual continuing 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 23 Series A 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 24 Series B 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 25 Advances from City General Fund approved for repayment by Oversight BoardCity/County Loan (Prior 06/28/11), Cash exchange6/30/1994 9/1/2030 City of La Quinta Loans made from the General Fund to the former RDA. Principal and 4% simple interest. 27 2014 Bonds Bonds Issued After 12/31/107/9/2014 9/1/2034 US Bank Refund 2004 Bonds 31 2016 Taxable Series A TARB Bonds Issued After 12/31/1012/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 32 Bond Expenditure Agreement, La Quinta Non-Housing Tax Allocation BondsBond Funded Project – Pre-20117/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 33 Bond Expenditure Agreement, La Quinta Housing Tax Allocation BondsBond Funded Project – Housing7/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 La Quinta Last and Final Recognized Obligation Payment Schedule (ROPS) - ROPS DetailItem #Payee Description/Project ScopeProject AreaProject Name/Debt ObligationObligation TypeContract/Agreement Execution DateContract/Agreement Termination DateJuly 1, 2017 through June 30, 2048(Report Amounts in Whole Dollars)FNFOFPFQFRFSFTFU Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF 629,158$ 41$ 1,125$-$15,618$ -$ 2,625$-$1,500 825 825 300 300 629,158 41 15,618 Fund Sources 37-38B (January - June) 37-38A (July - December) Fund Sources 42 AB C D E F GH 9 Annual Continuing Disclosure Fees1/17/20129/1/2039Willdan Financial Services Preparation of annual continuing 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 23 Series A 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 24 Series B 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 25 Advances from City General Fund approved for repayment by Oversight BoardCity/County Loan (Prior 06/28/11), Cash exchange6/30/1994 9/1/2030 City of La Quinta Loans made from the General Fund to the former RDA. Principal and 4% simple interest. 27 2014 Bonds Bonds Issued After 12/31/107/9/2014 9/1/2034 US Bank Refund 2004 Bonds 31 2016 Taxable Series A TARB Bonds Issued After 12/31/1012/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 32 Bond Expenditure Agreement, La Quinta Non-Housing Tax Allocation BondsBond Funded Project – Pre-20117/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 33 Bond Expenditure Agreement, La Quinta Housing Tax Allocation BondsBond Funded Project – Housing7/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 La Quinta Last and Final Recognized Obligation Payment Schedule (ROPS) - ROPS DetailItem #Payee Description/Project ScopeProject AreaProject Name/Debt ObligationObligation TypeContract/Agreement Execution DateContract/Agreement Termination DateJuly 1, 2017 through June 30, 2048(Report Amounts in Whole Dollars)FVFWFXFYFZGAGBGC Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF 645,577$ 41$1,125$-$1,358$-$2,625$-$1,500 825 825 300 300 645,577 41 1,358 Fund Sources Fund Sources 38-39A (July - December) 38-39B (January - June) 43 AB C D E F GH 9 Annual Continuing Disclosure Fees1/17/20129/1/2039Willdan Financial Services Preparation of annual continuing 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 23 Series A 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 24 Series B 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 25 Advances from City General Fund approved for repayment by Oversight BoardCity/County Loan (Prior 06/28/11), Cash exchange6/30/1994 9/1/2030 City of La Quinta Loans made from the General Fund to the former RDA. Principal and 4% simple interest. 27 2014 Bonds Bonds Issued After 12/31/107/9/2014 9/1/2034 US Bank Refund 2004 Bonds 31 2016 Taxable Series A TARB Bonds Issued After 12/31/1012/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 32 Bond Expenditure Agreement, La Quinta Non-Housing Tax Allocation BondsBond Funded Project – Pre-20117/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 33 Bond Expenditure Agreement, La Quinta Housing Tax Allocation BondsBond Funded Project – Housing7/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 La Quinta Last and Final Recognized Obligation Payment Schedule (ROPS) - ROPS DetailItem #Payee Description/Project ScopeProject AreaProject Name/Debt ObligationObligation TypeContract/Agreement Execution DateContract/Agreement Termination DateJuly 1, 2017 through June 30, 2048(Report Amounts in Whole Dollars)GDGEGFGGGHGIGJGK Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF 61,337$ 21$1,125$-$-$-$2,625$-$1,500 825 825 300 300 61,337 21 39-40A (July - December) Fund Sources Fund Sources 39-40B (January - June) 44 AB C D E F GH 9 Annual Continuing Disclosure Fees1/17/20129/1/2039Willdan Financial Services Preparation of annual continuing 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 23 Series A 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 24 Series B 2013 TARB Bonds Issued After 12/31/1012/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 25 Advances from City General Fund approved for repayment by Oversight BoardCity/County Loan (Prior 06/28/11), Cash exchange6/30/1994 9/1/2030 City of La Quinta Loans made from the General Fund to the former RDA. Principal and 4% simple interest. 27 2014 Bonds Bonds Issued After 12/31/107/9/2014 9/1/2034 US Bank Refund 2004 Bonds 31 2016 Taxable Series A TARB Bonds Issued After 12/31/1012/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 32 Bond Expenditure Agreement, La Quinta Non-Housing Tax Allocation BondsBond Funded Project – Pre-20117/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 33 Bond Expenditure Agreement, La Quinta Housing Tax Allocation BondsBond Funded Project – Housing7/5/2016 12/31/2017 City of La Quinta In agreement with the bond spending plan as outlined in the bond expenditure agreement. 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 La Quinta Last and Final Recognized Obligation Payment Schedule (ROPS) - ROPS DetailItem #Payee Description/Project ScopeProject AreaProject Name/Debt ObligationObligation TypeContract/Agreement Execution DateContract/Agreement Termination DateJuly 1, 2017 through June 30, 2048(Report Amounts in Whole Dollars)IHIIIJIKILIMINIOIP Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF -$-$-$-$-$ -$ -$-$318,703,470$ $ 105,000 $ 115,500 $48,300 $ 115,982,019 $ 28,110,786 $ 38,551,808 $ 88,003,775 $ 47,786,282 $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- Total 46-47B (January - June) 46-47A (July - December) Fund Sources Fund Sources 45 POWER POINTS SUCCESSOR AGENCY MEETING AUGUST 1, 2017 8/2/2017 1 Successor Agency Meeting August 1, 2017 B1 – Administrative Budget for Last and Final ROPS Administrative Budget •$48,300 from 7‐1‐18 to 6‐30‐2040 –Decreases as obligations are paid off –Legal review –Financial oversight and management  –Based on current legal contract and average   accountant payroll salary 8/2/2017 2 Successor Agency Meeting August 1, 2017 B2 – Last and Final ROPS 8/2/2017 3 Updates •Administrative allowance was decreased •Loan repayment was recalculated from 3% to  4%  •Bond expenditure agreement funds were  removed Summary of Last and Final ROPS REVENUES Category Total  Property Taxes $ 300,878,206 Bond Proceeds $ 17,823,105 Other (Interest) $ 2,159 Total  $ 318,703,470 OBLIGATIONS Category Total  Bonds $ 279,882,862 Loan Repayment $ 38,551,808 Bond Disclosures $ 105,000 Bond Fees $ 115,500 Admin. Allowance $ 48,300 Total  $ 318,703,470 From FY 18/19 to 39/40 8/2/2017 4 Summary  •Staff recommends filing the last and final ROPS –All requirements have been completed –DOF has 100 days to approve –Final obligation will end on June 30, 2040 –Two  allowable amendments