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SA Resolution 2017-004 Last & Final ROPSRESOLUTION NO. SA 2017 - 004 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 sect.) ("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 Resolution No. SA 2017-004 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 RAPS 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. Resolution No. SA 2017-004 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: Agency Members Fitzpatrick, Pena, Radi, Sanchez, Chair Evans NOES: None ABSENT: None ABSTAIN: None LINDA EVANS, Chairperson City of La Quinta Acting as Successor Agency to the La Quinta Redevelopment Agency ATTEST: r &4M2�-- SUSAN MAYSELS, Secr t'ary City of La Quinta Acting as Successor Agency to the La Quinta Redevelopment Agency (AGENCY SEAL) APPROVED AS TO FORM: G ' Lad-��- - - WILLIAM H. IHRKE, Counsel City of La Quinta Acting as Successor Agency to the La Quinta Redevelopment Agency Last and Final Recognized Obligation Payment Schedule (ROPS) - Summary Filed for the July 1, 2017 through June 30, 2048 Period Successor Agency: La Quints County: Riverside Initial ROPS Period ROPS 17-18A Final ROPS Period ROPS 46-470 Total Outstanding Requested Funding for Enforceable Obligations Obligation A Enforceable Obligations Funded as Follows (B+C): $ 2,159 B Bond Proceeds - C Other Funds 2,159 D Redevelopment Property Tax Trust Fund (RPTTF) (E+F): $ 318,701.311 E RPTTF 318,701,311 F Administrative RPTTF G Total Outstanding Enforceable Obligations (A+D): $ 318,703,470 Certification of Oversight Board Chairman: Susan Mayscls Acting Chairperson Pursuant to Section 34177 (o) of the Health and Safety code, I hereby Narne rille certify that the above is a true and accurate Recognized Obligation Payment Schedule for the above named agency. IV �O Signature Date La Quinta Last and Final Recognized Obligation Payment Schedule (ROPS) - ROPS Detail July 1, 2017 through June 30, 2048 A Period July - December ROPS Period Fund Sources Six -Month Total ROPS Period Bond Proceeds Other Funds RPTTF Admin RPTTF $ $ 2,159 $ 239,295,026 $ $ 239,297,185 PS 17-18A - - - - $ ROPS 17-18B PS 18-19A 220 12,952,280 - $ 12,952,500 ROPS 18-19B PS 19-20A 170 13,124,992 - $ 13,125,162 ROPS 19-20B PS 20-21A 120 13,306,756 - $ 13,306,876 ROPS 20-21 B PS 21-22A 120 13,513,069 - $ 13,513,189 ROPS 21-22B PS 22-23A 120 13,730,327 - $ 13,730,447 ROPS 22-23B PS 23-24A 120 13,948,944 - $ 13,949,064 ROPS 23-24B PS 24-25A 120 14,194,434 - $ 14,194,554 ROPS 24-25B PS 25-26A 120 14,455,360 - $ 14,455,480 ROPS 25-26B PS 26-27A 120 14,732,531 - $ 14,732,651 ROPS 26-27B PS 27-28A 120 15,020,108 - $ 15,020,228 ROPS 27-28B PS 28-29A 120 15,294,597 - $ 15,294,717 ROPS 28-29B PS 29-30A 120 15,610,164 - $ 15,610,284 ROPS 29-30B PS 30-31A 90 15,953,011 - $ 15,953,101 ROPS 30-31B PS 31-32A 90 16,311,154 - $ 16,311,244 ROPS 31-32B PS 32-33A 90 16,690,577 - $ 16,690,667 ROPS 32-33B PS 33-34A 65 7,719,423 - $ 7,719,488 ROPS 33-34B PS 34-35A 45 7,934,240 - $ 7,934,28 ROPS 34-35B PS 35-36A 45 2,845,314 - $ 2,845,359 ROPS 35-36B PS 36-37A 41 618,298 - $ 618,339 ROPS 36-37B PS 37-38A 41 630,283 - $ 630,324 ROPS 37-38B PS 38-39A 41 646,702 - $ 646,743 ROPS 38-39B PS 39-40A 21 62,462 - $ 62,483 ROPS 39-40B PS 40-41A - - - $ ROPS 40-41 B PS 41-42A - $ ROPS 41-42B PS 42-43A - $ ROPS 42-43B PS 43-44A - $ ROPS 43-44B PS 44-45A - $ ROPS 44-45B PS 45-46A - $ ROPS 45-46B PS 46-47A - $ ROPS 46-47B B Period January - June Fund Sources Six -Month Total Twelve -Month Total Bond Proceeds Other Funds RPTTF Admin RPTTF - $ $ 79,406,285 $ $ 79,406,285 $ 318,703,470 7,544,227 - $ 7,544,227 $ 20,496,727 7,428,202 - $ 7,428,202 $ 20,553,364 7,288,021 - $ 7,288,021 $ 20,594,897 7,135,056 - $ 7,135,056 $ 20,648,24E 6,969,745 - $ 6,969,745 $ 20,700,192 6,792,629 - $ 6,792,629 $ 20,741,692 6,602,296 - $ 6,602,296 $ 20,796,85C 6,399,585 - $ 6,399,585 $ 20,855,06E 6,183,680 - $ 6,183,680 $ 20,916,331 5,976,118 - $ 5,976,118 $ 20,996,34E 5,731,093 - $ 5,731,093 $ 21,025,81C 2,269,202 - $ 2,269,202 $ 17,879,48E 1,242,244 - $ 1,242,244 $ 17,195,34E 866,966 - $ 866,966 $ 17,178,21C 471,463 - $ 471,463 $ 17,162,13C 294,760 - $ 294,760 $ 8,014,24E 109,484 - $ 109,484 $ 8,043,76E 44,839 $ 44,839 $ 2,890,19E 31,824 $ 31,824 $ 650,162 18,243 $ 18,243 $ 648,567 3,983 $ 3,983 $ 650,72E 2,625 $ 2,62 $ 65,10E $ $ - $ $ La Quinta Last and Final Recognized Obligation Payment Schedule (ROPS) - ROPS Detail July 1, 2017 through June 30, 2048 (Report Amounts in Whole Dollars) A B C D E F G H I Item # Project Name/Debt Obligation Obligation Type Contract/Agreement Execution Date Contract/Agreement Termination Date Payee Description/Project Scope Project Area Total Outstanding Obligation $ 318,703,470 9 Annual Continuing Disclosure Fees 1/17/2012 9/1/2039 Willdan Financial Services Preparation of annual continuing 105,000 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 115,500 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 48,300 23 Series A 2013 TARB Bonds Issued After 12/31/10 12/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 115,982,015 24 Series B 2013 TARB Bonds Issued After 12/31/10 12/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 28,110,786 25 Advances from City General Fund approved for repayment by Oversight Board City/County Loan (Prior 06/28/11), Cash exchange 6/30/1994 9/1/2030 City of La Quinta Loans made from the General Fund to the former RDA. Principal and 4% simple interest. 38,551,808 27 2014 Bonds Bonds Issued After 12/31/10 7/9/2014 9/1/2034 US Bank Refund 2004 Bonds 88,003,775 31 2016 Taxable Series A TARB Bonds Issued After 12/31/10 12/22/2016 9/1/2039 US Bank Refund 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 Bonds Bond Funded Project — Pre-2011 7/5/2016 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 Bonds Bond Funded Project — Housing 7/5/2016 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 Detail July 1, 2017 through June 30, 2048 (Report Amounts in Whole Dollars) A B C D E F G H J K L M N O P Q Item # Project Name/Debt Obligation Obligation Type Contract/Agreement Execution Date Contract/Agreement Termination Date Payee Description/Project Scope Project Area 17-18A (July - December) 17-18B (January - June) Fund Sources Fund Sources Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF $ $ $ $ $ $ $ $ 9 Annual Continuing Disclosure Fees 1/17/2012 9/1/2039 Willdan 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 /10 12/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 24 Series B 2013 TARB Bonds Issued After 12/31 /10 12/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 25 Advances from City General Fund approved for repayment by Oversight Board City/County Loan (Prior 06/28/11), Cash exchange 6/30/1994 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 /10 7/9/2014 9/1/2034 US Bank Refund 2004 Bonds 31 2016 Taxable Series A TARB Bonds Issued After 12/31/10 12/22/2016 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 Bonds Bond Funded Project— Pre-2011 7/5/2016 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 Bonds Bond Funded Project— Housing 7/5/2016 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 Detail July 1, 2017 through June 30, 2048 (Report Amounts in Whole Dollars) A B C D E F G H R S T U V W X Y Item # Project Name/Debt Obligation Obligation Type Contract/Agreement Execution Date Contract/Agreement Termination Date Payee Description/Project Scope Project Area 18-19A (July - December) 18-19B (January - June) Fund Sources Fund Sources Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF $ $ 220 $ 12,952,280 $ $ $ $ 7,544,227 $ 9 Annual Continuing Disclosure Fees 1/17/2012 9/1/2039 Willdan Financial Services Preparation of annual continuing 6,000 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 3,300 3,300 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 1,500 1,500 23 Series A 2013 TARB Bonds Issued After 12/31 /10 12/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 220 5,814,012 1,929,481 24 Series B 2013 TARB Bonds Issued After 12/31 /10 12/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 1,412,289 478,029 25 Advances from City General Fund approved for repayment by Oversight Board City/County Loan (Prior 06/28/11), Cash exchange 6/30/1994 9/1/2030 City of La Quinta Loans made from the General Fund to the former RDA. Principal and 4% simple interest. 3,113,066 27 2014 Bonds Bonds Issued After 12/31 /10 7/9/2014 9/1/2034 US Bank Refund 2004 Bonds 3,801,125 1,414,325 31 2016 Taxable Series A TARB Bonds Issued After 12/31/10 12/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 1,920,054 598,526 32 Bond Expenditure Agreement, La Quinta Non -Housing Tax Allocation Bonds Bond Funded Project— Pre-2011 7/5/2016 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 Bonds Bond Funded Project— Housing 7/5/2016 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 Detail July 1, 2017 through June 30, 2048 (Report Amounts in Whole Dollars) A B C D E F G H Z AA AB AC AD AE AF AG Item # Project Name/Debt Obligation Obligation Type Contract/Agreement Execution Date Contract/Agreement Termination Date Payee Description/Project Scope Project Area 19-20A (July - December) 19-20B (January - June) Fund Sources Fund Sources Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF $ $ 170 $ 13,124,992 $ $ $ $ 7,428,202 $ 9 Annual Continuing Disclosure Fees 1/17/2012 9/1/2039 Willdan Financial Services Preparation of annual continuing 6,000 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 3,300 3,300 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 1,500 1,500 23 Series A 2013 TARB Bonds Issued After 12/31/10 12/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABS 170 5,914,312 1,829,856 24 Series B 2013 TARB Bonds Issued After 12/31/10 12/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABS 1,428,029 461,594 25 Advances from City General Fund approved for repayment by Oversight Board City/County Loan (Prior 06/28/11), Cash exchange 6/30/1994 9/1/2030 City of La Quinta Loans made from the General Fund to the former RDA. Principal and 4% simple interest. 3,175,327 27 2014 Bonds Bonds Issued After 12/31/10 7/9/2014 9/1/2034 US Bank Refund 2004 Bonds 3,849,325 1,365,625 31 2016 Taxable Series A TARB Bonds Issued After 12/31/10 12/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 1,928,526 585,000 32 Bond Expenditure Agreement, La Quinta Non -Housing Tax Allocation Bonds Bond Funded Project — Pre-2011 7/5/2016 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 Bonds Bond Funded Project — Housing 7/5/2016 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 Detail July 1, 2017 through June 30, 2048 (Report Amounts in Whole Dollars) A B C D E F G H AH Al AJ AK AL AM AN AO Item # Project Name/Debt Obligation Obligation Type Contract/Agreement Execution Date Contract/Agreement Termination Date Payee Description/Project Scope Project Area 20-21A (July - December) 20-21B (January - June) Fund Sources Fund Sources Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF $ $ 120 $ 13,306,756 $ $ $ $ 7,288,021 $ 9 Annual Continuing Disclosure Fees 1/17/2012 9/1/2039 Willdan Financial Services Preparation of annual continuing 6,000 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 3,300 3,300 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 1,500 1,500 23 Series A 2013 TARB Bonds Issued After 12/31 /10 12/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 120 6,009,737 1,725,356 24 Series B 2013 TARB Bonds Issued After 12/31 /10 12/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 1,446,594 441,894 25 Advances from City General Fund approved for repayment by Oversight Board City/County Loan (Prior 06/28/11), Cash exchange 6/30/1994 9/1/2030 City of La Quinta Loans made from the General Fund to the former RDA. Principal and 4% simple interest. 3,238,833 27 2014 Bonds Bonds Issued After 12/31 /10 7/9/2014 9/1/2034 US Bank Refund 2004 Bonds 3,895,625 1,302,375 31 2016 Taxable Series A TARB Bonds Issued After 12/31/10 12/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 1,950,000 568,763 32 Bond Expenditure Agreement, La Quinta Non -Housing Tax Allocation Bonds Bond Funded Project— Pre-2011 7/5/2016 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 Bonds Bond Funded Project— Housing 7/5/2016 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 Detail July 1, 2017 through June 30, 2048 (Report Amounts in Whole Dollars) A B C D E F G H AP AQ AR AS AT AU AV AW Item # Project Name/Debt Obligation Obligation Type Contract/Agreement Execution Date Contract/Agreement Termination Date Payee Description/Project Scope Project Area 21-22A (July - December) 21-22B (January - June) Fund Sources Fund Sources Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF $ $ 120 $ 13,513,069 $ $ $ $ 7,135,056 $ 9 Annual Continuing Disclosure Fees 1/17/2012 9/1/2039 Willdan Financial Services Preparation of annual continuing 6,00 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 3,300 3,306 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 1,500 1,500 23 Series A 2013 TARB Bonds Issued After 12/31 /10 12/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 120 6,115,237 1,615,606 24 Series B 2013 TARB Bonds Issued After 12/31 /10 12/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 1,466,894 419,088 25 Advances from City General Fund approved for repayment by Oversight Board City/County Loan (Prior 06/28/11), Cash exchange 6/30/1994 9/1/2030 City of La Quinta Loans made from the General Fund to the former RDA. Principal and 4% simple interest. 3,303,610 27 2014 Bonds Bonds Issued After 12/31 /10 7/9/2014 9/1/2034 US Bank Refund 2004 Bonds 3,962,375 1,235,875 31 2016 Taxable Series A TARB Bonds Issued After 12/31/10 12/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 1,963,763 550,077 32 Bond Expenditure Agreement, La Quinta Non -Housing Tax Allocation Bonds Bond Funded Project— Pre-2011 7/5/2016 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 Bonds Bond Funded Project— Housing 7/5/2016 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 Detail July 1, 2017 through June 30, 2048 (Report Amounts in Whole Dollars) A B C D E F G H AX AY AZ BA BB BC BD BE Item # Project Name/Debt Obligation Obligation Type Contract/Agreement Execution Date Contract/Agreement Termination Date Payee Description/Project Scope Project Area 22-23A (July - December) 22-23B (January - June) Fund Sources Fund Sources Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF $ $ 120 $ 13,730,327 $ $ $ $ 6,969,745 $ 9 Annual Continuing Disclosure Fees 1/17/2012 9/1/2039 Willdan Financial Services Preparation of annual continuing 6,000 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 3,300 3,300 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 1,500 1,500 23 Series A 2013 TARB Bonds Issued After 12/31/10 12/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABS 120 6,225,487 1,500,356 24 Series B 2013 TARB Bonds Issued After 12/31/10 12/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABS 1,489,088 393,729 25 Advances from City General Fund approved for repayment by Oversight Board City/County Loan (Prior 06/28/11), Cash exchange 6/30/1994 9/1/2030 City of La Quinta Loans made from the General Fund to the former RDA. Principal and 4% simple interest. 3,369,682 27 2014 Bonds Bonds Issued After 12/31/10 7/9/2014 9/1/2034 US Bank Refund 2004 Bonds 4,030,875 1,166,000 31 2016 Taxable Series A TARB Bonds Issued After 12/31/10 12/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 1,980,077 529,178 32 Bond Expenditure Agreement, La Quinta Non -Housing Tax Allocation Bonds Bond Funded Project — Pre-2011 7/5/2016 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 Bonds Bond Funded Project — Housing 7/5/2016 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 Detail July 1, 2017 through June 30, 2048 (Report Amounts in Whole Dollars) A B C D E F G H BF BG BH BI BJ BK BL BM Item # Project Name/Debt Obligation Obligation Type Contract/Agreement Execution Date Contract/Agreement Termination Date Payee Description/Project Scope Project Area 23-24A (July - December) 23-24B (January - June) Fund Sources Fund Sources Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF $ $ 120 $ 13,948,944 $ $ $ $ 6,792,629 $ 9 Annual Continuing Disclosure Fees 1/17/2012 9/1/2039 Willdan Financial Services Preparation of annual continuing 6,000 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 3,300 3,300 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 1,500 1,500 23 Series A 2013 TARB Bonds Issued After 12/31/10 12/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABS 120 6,340,237 1,379,356 24 Series B 2013 TARB Bonds Issued After 12/31/10 12/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABS 1,513,729 366,345 25 Advances from City General Fund approved for repayment by Oversight Board City/County Loan (Prior 06/28/11), Cash exchange 6/30/1994 9/1/2030 City of La Quinta Loans made from the General Fund to the former RDA. Principal and 4% simple interest. 3,437,076 27 2014 Bonds Bonds Issued After 12/31/10 7/9/2014 9/1/2034 US Bank Refund 2004 Bonds 4,096,000 1,092,750 31 2016 Taxable Series A TARB Bonds Issued After 12/31/10 12/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 1,994,178 506,302 32 Bond Expenditure Agreement, La Quinta Non -Housing Tax Allocation Bonds Bond Funded Project — Pre-2011 7/5/2016 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 Bonds Bond Funded Project — Housing 7/5/2016 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 Detail July 1, 2017 through June 30, 2048 (Report Amounts in Whole Dollars) A B C D E F G H BN BO BP BQ BR BS BT BU Item # Project Name/Debt Obligation Obligation Type Contract/Agreement Execution Date Contract/Agreement Termination Date Payee Description/Project Scope Project Area 24-25A (July - December) 24-25B (January - June) Fund Sources Fund Sources Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF $ $ 120 $ 14,194,434 $ $ $ $ 6,602,296 $ 9 Annual Continuing Disclosure Fees 1/17/2012 9/1/2039 Willdan Financial Services Preparation of annual continuing 6,000 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 3,300 3,300 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 1,500 1,500 23 Series A 2013 TARB Bonds Issued After 12/31 /10 12/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 120 6,459,237 1,252,356 24 Series B 2013 TARB Bonds Issued After 12/31 /10 12/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 1,541,345 335,560 25 Advances from City General Fund approved for repayment by Oversight Board City/County Loan (Prior 06/28/11), Cash exchange 6/30/1994 9/1/2030 City of La Quinta Loans made from the General Fund to the former RDA. Principal and 4% simple interest. 3,505,817 27 2014 Bonds Bonds Issued After 12/31 /10 7/9/2014 9/1/2034 US Bank Refund 2004 Bonds 4,172,750 1,015,750 31 2016 Taxable Series A TARB Bonds Issued After 12/31/10 12/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 2,016,302 482,013 32 Bond Expenditure Agreement, La Quinta Non -Housing Tax Allocation Bonds Bond Funded Project— Pre-2011 7/5/2016 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 Bonds Bond Funded Project— Housing 7/5/2016 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 Detail July 1, 2017 through June 30, 2048 (Report Amounts in Whole Dollars) A B C D E F G H BV BW BX BY BZ CA CB CC Item # Project Name/Debt Obligation Obligation Type Contract/Agreement Execution Date Contract/Agreement Termination Date Payee Description/Project Scope Project Area 25-26A (July - December) 25-26B (January - June) Fund Sources Fund Sources Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF $ $ 120 $ 14,455,360 $ $ $ 6,399,585 $ 9 Annual Continuing Disclosure Fees 1/17/2012 9/1/2039 Willdan Financial Services Preparation of annual continuing 6,000 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 3,300 3,300 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 1,500 1,500 23 Series A 2013 TARB Bonds Issued After 12/31 /10 12/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 120 6,587,237 1,118,981 24 Series B 2013 TARB Bonds Issued After 12/31 /10 12/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 1,570,560 303,203 25 Advances from City General Fund approved for repayment by Oversight Board City/County Loan (Prior 06/28/11), Cash exchange 6/30/1994 9/1/2030 City of La Quinta Loans made from the General Fund to the former RDA. Principal and 4% simple interest. 3,575,934 27 2014 Bonds Bonds Issued After 12/31 /10 7/9/2014 9/1/2034 US Bank Refund 2004 Bonds 4,245,750 935,000 31 2016 Taxable Series A TARB Bonds Issued After 12/31/10 12/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 2,047,013 455,667 32 Bond Expenditure Agreement, La Quinta Non -Housing Tax Allocation Bonds Bond Funded Project— Pre-2011 7/5/2016 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 Bonds Bond Funded Project— Housing 7/5/2016 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 Detail July 1, 2017 through June 30, 2048 (Report Amounts in Whole Dollars) A B C D E F G H CD CE CF CG CH CI CJ CK Item # Project Name/Debt Obligation Obligation Type Contract/Agreement Execution Date Contract/Agreement Termination Date Payee Description/Project Scope Project Area 26-27A (July - December) 26-27B (January - June) Fund Sources Fund Sources Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF $ $ 120 $ 14,732,531 $ $ $ $ 6,183,680 $ 9 Annual Continuing Disclosure Fees 1/17/2012 9/1/2039 Willdan Financial Services Preparation of annual continuing 6,000 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 3,300 3,300 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 1,500 1,500 23 Series A 2013 TARB Bonds Issued After 12/31/10 12/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABS 120 6,723,861 978,856 24 Series B 2013 TARB Bonds Issued After 12/31/10 12/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABS 1,603,203 269,143 25 Advances from City General Fund approved for repayment by Oversight Board City/County Loan (Prior 06/28/11), Cash exchange 6/30/1994 9/1/2030 City of La Quinta Loans made from the General Fund to the former RDA. Principal and 4% simple interest. 3,647,452 27 2014 Bonds Bonds Issued After 12/31/10 7/9/2014 9/1/2034 US Bank Refund 2004 Bonds 4,325,000 850,250 31 2016 Taxable Series A TARB Bonds Issued After 12/31/10 12/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 2,075,667 427,179 32 Bond Expenditure Agreement, La Quinta Non -Housing Tax Allocation Bonds Bond Funded Project — Pre-2011 7/5/2016 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 Bonds Bond Funded Project — Housing 7/5/2016 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 Detail July 1, 2017 through June 30, 2048 (Report Amounts in Whole Dollars) A B C D E F G H CL CM CN co CP CQ CR CS Item # Project Name/Debt Obligation Obligation Type Contract/Agreement Execution Date Contract/Agreement Termination Date Payee Description/Project Scope Project Area 27-28A (July - December) 27-28B (January - June) Fund Sources Fund Sources Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF $ $ 120 $ 15,020,108 $ $ $ $ 18 $ 9 Annual Continuing Disclosure Fees 1/17/2012 9/1/2039 Willdan Financial Services Preparation of annual continuing 6,000 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 3,300 3,300 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 1,500 1,500 23 Series A 2013 TARB Bonds Issued After 12/31 /10 12/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 120 6,863,736 855,656 24 Series B 2013 TARB Bonds Issued After 12/31 /10 12/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 1,639,143 231,125 25 Advances from City General Fund approved for repayment by Oversight Board City/County Loan (Prior 06/28/11), Cash exchange 6/30/1994 9/1/2030 City of La Quinta Loans made from the General Fund to the former RDA. Principal and 4% simple interest. 3,720,401 27 2014 Bonds Bonds Issued After 12/31 /10 7/9/2014 9/1/2034 US Bank Refund 2004 Bonds 4,410,250 761,250 31 2016 Taxable Series A TARB Bonds Issued After 12/31/10 12/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 2,102,179 396,886 32 Bond Expenditure Agreement, La Quinta Non -Housing Tax Allocation Bonds Bond Funded Project— Pre-2011 7/5/2016 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 Bonds Bond Funded Project— Housing 7/5/2016 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 Detail July 1, 2017 through June 30, 2048 (Report Amounts in Whole Dollars) A B C D E F G H CT CU CV CW CX CY CZ DA Item # Project Name/Debt Obligation Obligation Type Contract/Agreement Execution Date Contract/Agreement Termination Date Payee Description/Project Scope Project Area 28-29A (July - December) 28-29B (January - June) Fund Sources Fund Sources Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF $ $ 120 $ 15,294,597 $ $ $ $ 5,731,093 9 Annual Continuing Disclosure Fees 1/17/2012 9/1/2039 Willdan Financial Services Preparation of annual continuing 6,000 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 3,300 3,300 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 1,500 1,500 23 Series A 2013 TARB Bonds Issued After 12/31/10 12/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABS 120 6,985,536 702,406 24 Series B 2013 TARB Bonds Issued After 12/31/10 12/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABS 1,676,125 191,026 25 Advances from City General Fund approved for repayment by Oversight Board City/County Loan (Prior 06/28/11), Cash exchange 6/30/1994 9/1/2030 City of La Quinta Loans made from the General Fund to the former RDA. Principal and 4% simple interest. 3,794,809 27 2014 Bonds Bonds Issued After 12/31/10 7/9/2014 9/1/2034 US Bank Refund 2004 Bonds 4,501,250 667,750 31 2016 Taxable Series A TARB Bonds Issued After 12/31/10 12/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 2,126,886 364,302 32 Bond Expenditure Agreement, La Quinta Non -Housing Tax Allocation Bonds Bond Funded Project — Pre-2011 7/5/2016 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 Bonds Bond Funded Project — Housing 7/5/2016 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 Detail July 1, 2017 through June 30, 2048 (Report Amounts in Whole Dollars) A B C D E F G H DB DC DD DE DF DG DH DI Item # Project Name/Debt Obligation Obligation Type Contract/Agreement Execution Date Contract/Agreement Termination Date Payee Description/Project Scope Project Area 29-30A (July - December) 29-30B (January - June) Fund Sources Fund Sources Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF $ $ 120 $ 15,610,164 $ $ $ $ 2,269,202 $ 9 Annual Continuing Disclosure Fees 1/17/2012 9/1/2039 Willdan Financial Services Preparation of annual continuing 6,000 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 3,300 3,300 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 1,500 1,500 23 Series A 2013 TARB Bonds Issued After 12/31 /10 12/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 120 7,137,286 541,531 24 Series B 2013 TARB Bonds Issued After 12/31 /10 12/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 1,711,026 148,846 25 Advances from City General Fund approved for repayment by Oversight Board City/County Loan (Prior 06/28/11), Cash exchange 6/30/1994 9/1/2030 City of La Quinta Loans made from the General Fund to the former RDA. Principal and 4% simple interest. 669,801 27 2014 Bonds Bonds Issued After 12/31 /10 7/9/2014 9/1/2034 US Bank Refund 2004 Bonds 4,592,750 569,625 31 2016 Taxable Series A TARB Bonds Issued After 12/31/10 12/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 2,164,302 328,599 32 Bond Expenditure Agreement, La Quinta Non -Housing Tax Allocation Bonds Bond Funded Project— Pre-2011 7/5/2016 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 Bonds Bond Funded Project— Housing 7/5/2016 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 Detail July 1, 2017 through June 30, 2048 (Report Amounts in Whole Dollars) A B C D E F G H DJ DK DL DM DN DO DP DQ Item # Project Name/Debt Obligation Obligation Type Contract/Agreement Execution Date Contract/Agreement Termination Date Payee Description/Project Scope Project Area 30-31A (July - December) 30-31 B (January - June) Fund Sources Fund Sources Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF $ $ 90 $ 15,953,011 $ $ $ $ 1,242,244 $ 9 Annual Continuing Disclosure Fees 1/17/2012 9/1/2039 Willdan Financial Services Preparation of annual continuing 6,000 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 3,300 3,300 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 1,200 1,200 23 Series A 2013 TARB Bonds Issued After 12/31 /10 12/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 90 7,301,441 372,531 24 Series B 2013 TARB Bonds Issued After 12/31 /10 12/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 1,753,846 102,141 25 Advances from City General Fund approved for repayment by Oversight Board City/County Loan (Prior 06/28/11), Cash exchange 6/30/1994 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 /10 7/9/2014 9/1/2034 US Bank Refund 2004 Bonds 4,694,625 466,500 31 2016 Taxable Series A TARB Bonds Issued After 12/31/10 12/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 2,198,599 290,572 32 Bond Expenditure Agreement, La Quinta Non -Housing Tax Allocation Bonds Bond Funded Project— Pre-2011 7/5/2016 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 Bonds Bond Funded Project— Housing 7/5/2016 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 Detail July 1, 2017 through June 30, 2048 (Report Amounts in Whole Dollars) A B C D E F G H DR DS DT DU DV DW DX DY Item # Project Name/Debt Obligation Obligation Type Contract/Agreement Execution Date Contract/Agreement Termination Date Payee Description/Project Scope Project Area 31-32A (July - December) 31-32B (January - June) Fund Sources Fund Sources Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF $ $ 90 $ 16,311,154 $ $ $ $ 866,966 $ 9 Annual Continuing Disclosure Fees 1/17/2012 9/1/2039 Willdan Financial Services Preparation of annual continuing 6,000 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 3,300 3,300 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 1,200 1,200 23 Series A 2013 TARB Bonds Issued After 12/31 /10 12/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 90 7,467,441 195,156 24 Series B 2013 TARB Bonds Issued After 12/31 /10 12/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 1,807,141 52,525 25 Advances from City General Fund approved for repayment by Oversight Board City/County Loan (Prior 06/28/11), Cash exchange 6/30/1994 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 /10 7/9/2014 9/1/2034 US Bank Refund 2004 Bonds 4,796,500 358,250 31 2016 Taxable Series A TARB Bonds Issued After 12/31/10 12/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 2,235,572 250,535 32 Bond Expenditure Agreement, La Quinta Non -Housing Tax Allocation Bonds Bond Funded Project— Pre-2011 7/5/2016 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 Bonds Bond Funded Project— Housing 7/5/2016 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 Detail July 1, 2017 through June 30, 2048 (Report Amounts in Whole Dollars) A B C D E F G H DZ EA EB EC ED EE EF EG Item # Project Name/Debt Obligation Obligation Type Contract/Agreement Execution Date Contract/Agreement Termination Date Payee Description/Project Scope Project Area 32-33A (July - December) 32-33B (January - June) Fund Sources Fund Sources Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF $ $ 90 $ 16,690,577 $ $ $ $ 9 Annual Continuing Disclosure Fees 1/17/2012 9/1/2039 Willdan Financial Services Preparation of annual continuing 6,000 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 3,300 3,300 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 900 900 23 Series A 2013 TARB Bonds Issued After 12/31 /10 12/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 90 7,645,066 8,906 24 Series B 2013 TARB Bonds Issued After 12/31 /10 12/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 1,857,526 25 Advances from City General Fund approved for repayment by Oversight Board City/County Loan (Prior 06/28/11), Cash exchange 6/30/1994 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 /10 7/9/2014 9/1/2034 US Bank Refund 2004 Bonds 4,903,250 244,625 31 2016 Taxable Series A TARB Bonds Issued After 12/31/10 12/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 2,280,535 207,732 32 Bond Expenditure Agreement, La Quinta Non -Housing Tax Allocation Bonds Bond Funded Project— Pre-2011 7/5/2016 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 Bonds Bond Funded Project— Housing 7/5/2016 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 Detail July 1, 2017 through June 30, 2048 (Report Amounts in Whole Dollars) A B C D E F G H EH El EJ EK EL EM EN EO Item # Project Name/Debt Obligation Obligation Type Contract/Agreement Execution Date Contract/Agreement Termination Date Payee Description/Project Scope Project Area 33-34A (July - December) 33-34B (January - June) Fund Sources Fund Sources Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF $ $ 65 $ 7,719,423 $ $ $ $ 294,760 $ 9 Annual Continuing Disclosure Fees 1/17/2012 9/1/2039 Willdan Financial Services Preparation of annual continuing 4,500 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 2,475 2,475 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 750 750 23 Series A 2013 TARB Bonds Issued After 12/31 /10 12/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABS 65 383,841 24 Series B 2013 TARB Bonds Issued After 12/31 /10 12/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 25 Advances from City General Fund approved for repayment by Oversight Board City/County Loan (Prior 06/28/11), Cash exchange 6/30/1994 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 /10 7/9/2014 9/1/2034 US Bank Refund 2004 Bonds 5,014,625 125,375 31 2016 Taxable Series A TARB Bonds Issued After 12/31/10 12/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 2,317,732 161,660 32 Bond Expenditure Agreement, La Quinta Non -Housing Tax Allocation Bonds Bond Funded Project— Pre-2011 7/5/2016 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 Bonds Bond Funded Project— Housing 7/5/2016 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 Detail July 1, 2017 through June 30, 2048 (Report Amounts in Whole Dollars) A B C D E F G H EP EQ ER ES ET EU EV EW Item # Project Name/Debt Obligation Obligation Type Contract/Agreement Execution Date Contract/Agreement Termination Date Payee Description/Project Scope Project Area 34-35A (July - December) 34-35B (January - June) Fund Sources Fund Sources Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF $ $ 45 $ 7,934,240 $ $ $ $ 109,484 $ 9 Annual Continuing Disclosure Fees 1/17/2012 9/1/2039 Willdan Financial Services Preparation of annual continuing 3,000 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 1,650 1,650 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 600 600 23 Series A 2013 TARB Bonds Issued After 12/31 /10 12/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 24 Series B 2013 TARB Bonds Issued After 12/31 /10 12/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 25 Advances from City General Fund approved for repayment by Oversight Board City/County Loan (Prior 06/28/11), Cash exchange 6/30/1994 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 /10 7/9/2014 9/1/2034 US Bank Refund 2004 Bonds 45 5,140,330 31 2016 Taxable Series A TARB Bonds Issued After 12/31/10 12/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 2,791,660 104,234 32 Bond Expenditure Agreement, La Quinta Non -Housing Tax Allocation Bonds Bond Funded Project— Pre-2011 7/5/2016 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 Bonds Bond Funded Project— Housing 7/5/2016 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 Detail July 1, 2017 through June 30, 2048 (Report Amounts in Whole Dollars) A B C D E F G H EX EY EZ FA FB FC FD FIE Item # Project Name/Debt Obligation Obligation Type Contract/Agreement Execution Date Contract/Agreement Termination Date Payee Description/Project Scope Project Area 35-36A (July - December) 35-36B (January - June) Fund Sources Fund Sources Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF $ $ 45 $ 2,845,314 $ $ $ $ - 9 Annual Continuing Disclosure Fees 1/17/2012 9/1/2039 Willdan Financial Services Preparation of annual continuing 1,500 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 825 825 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 300 300 23 Series A 2013 TARB Bonds Issued After 12/31/10 12/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABS 24 Series B 2013 TARB Bonds Issued After 12/31/10 12/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABS 25 Advances from City General Fund approved for repayment by Oversight Board City/County Loan (Prior 06/28/11), Cash exchange 6/30/1994 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 12/31/10 7/9/2014 9/1/2034 US Bank Refund 2004 Bonds 31 2016 Taxable Series A TARB Bonds Issued After 12/31/10 12/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 45 2,844,189 42,214 32 Bond Expenditure Agreement, La Quinta Non -Housing Tax Allocation Bonds Bond Funded Project — Pre-2011 7/5/2016 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 Bonds Bond Funded Project — Housing 7/5/2016 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 Detail July 1, 2017 through June 30, 2048 (Report Amounts in Whole Dollars) A B C D E F G H FF FG FH FI FJ FK FL FM Item # Project Name/Debt Obligation Obligation Type Contract/Agreement Execution Date Contract/Agreement Termination Date Payee Description/Project Scope Project Area 36-37A (July - December) 36-37B (January - June) Fund Sources Fund Sources Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF $ $ 41 $ 618,298 $ $ $ $ 31,824 $ 9 Annual Continuing Disclosure Fees 1/17/2012 9/1/2039 Willdan Financial Services Preparation of annual continuing 1,500 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 825 825 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 300 300 23 Series A 2013 TARB Bonds Issued After 12/31/10 12/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABS 24 Series B 2013 TARB Bonds Issued After 12/31/10 12/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABS 25 Advances from City General Fund approved for repayment by Oversight Board City/County Loan (Prior 06/28/11), Cash exchange 6/30/1994 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 12/31/10 7/9/2014 9/1/2034 US Bank Refund 2004 Bonds 31 2016 Taxable Series A TARB Bonds Issued After 12/31/10 12/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 41 617,173 29,199 32 Bond Expenditure Agreement, La Quinta Non -Housing Tax Allocation Bonds Bond Funded Project — Pre-2011 7/5/2016 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 Bonds Bond Funded Project — Housing 7/5/2016 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 Detail July 1, 2017 through June 30, 2048 (Report Amounts in Whole Dollars) A B C D E F G H FIN FO FP FQ FIR FS FT FU Item # Project Name/Debt Obligation Obligation Type Contract/Agreement Execution Date Contract/Agreement Termination Date Payee Description/Project Scope Project Area 37-38A (July - December) 37-38B (January - June) Fund Sources Fund Sources Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF $ $ 41 $ 630,283 $ $ $ $ 18,243 $ 9 Annual Continuing Disclosure Fees 1/17/2012 9/1/2039 Willdan Financial Services Preparation of annual continuing 1,500 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 825 825 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 300 300 23 Series A 2013 TARB Bonds Issued After 12/31 /10 12/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 24 Series B 2013 TARB Bonds Issued After 12/31 /10 12/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 25 Advances from City General Fund approved for repayment by Oversight Board City/County Loan (Prior 06/28/11), Cash exchange 6/30/1994 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 /10 7/9/2014 9/1/2034 US Bank Refund 2004 Bonds 31 2016 Taxable Series A TARB Bonds Issued After 12/31/10 12/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 41 629,158 15,618 32 Bond Expenditure Agreement, La Quinta Non -Housing Tax Allocation Bonds Bond Funded Project— Pre-2011 7/5/2016 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 Bonds Bond Funded Project— Housing 7/5/2016 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 Detail July 1, 2017 through June 30, 2048 (Report Amounts in Whole Dollars) A B C D E F G H FV FW FX FY FZ GA GB GC Item # Project Name/Debt Obligation Obligation Type Contract/Agreement Execution Date Contract/Agreement Termination Date Payee Description/Project Scope Project Area 38-39A (July - December) 38-39B (January - June) Fund Sources Fund Sources Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF $ $ 41 $ 646,702 $ $ $ $ 9 Annual Continuing Disclosure Fees 1/17/2012 9/1/2039 Willdan Financial Services Preparation of annual continuing 1,500 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 825 825 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 300 300 23 Series A 2013 TARB Bonds Issued After 12/31 /10 12/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 24 Series B 2013 TARB Bonds Issued After 12/31 /10 12/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 25 Advances from City General Fund approved for repayment by Oversight Board City/County Loan (Prior 06/28/11), Cash exchange 6/30/1994 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 /10 7/9/2014 9/1/2034 US Bank Refund 2004 Bonds 31 2016 Taxable Series A TARB Bonds Issued After 12/31/10 12/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 41 645,577 1,358 32 Bond Expenditure Agreement, La Quinta Non -Housing Tax Allocation Bonds Bond Funded Project— Pre-2011 7/5/2016 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 Bonds Bond Funded Project— Housing 7/5/2016 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 Detail July 1, 2017 through June 30, 2048 (Report Amounts in Whole Dollars) A B C D E F G H GD GE GF GG GH GI GJ GK Item # Project Name/Debt Obligation Obligation Type Contract/Agreement Execution Date Contract/Agreement Termination Date Payee Description/Project Scope Project Area 39-40A (July - December) 39-40B (January - June) Fund Sources Fund Sources Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF $ $ 21 $ 62,462 $ $ $ $ 2,625 $ 9 Annual Continuing Disclosure Fees 1/17/2012 9/1/2039 Willdan Financial Services Preparation of annual continuing 1,500 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds 825 825 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) 300 300 23 Series A 2013 TARB Bonds Issued After 12/31 /10 12/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 24 Series B 2013 TARB Bonds Issued After 12/31 /10 12/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 25 Advances from City General Fund approved for repayment by Oversight Board City/County Loan (Prior 06/28/11), Cash exchange 6/30/1994 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 /10 7/9/2014 9/1/2034 US Bank Refund 2004 Bonds 31 2016 Taxable Series A TARB Bonds Issued After 12/31/10 12/22/2016 9/1/2039 US Bank Refund 2011 Tax Allocation Bonds - Series 2011 PA 2 and 2011 Series A 21 61,337 32 Bond Expenditure Agreement, La Quinta Non -Housing Tax Allocation Bonds Bond Funded Project— Pre-2011 7/5/2016 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 Bonds Bond Funded Project— Housing 7/5/2016 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 Detail July 1, 2017 through June 30, 2048 (Report Amounts in Whole Dollars) A B C D E F G H GL GM GIN GO GP GQ GR GS Item # Project Name/Debt Obligation Obligation Type Contract/Agreement Execution Date Contract/Agreement Termination Date Payee Description/Project Scope Project Area 40-41A (July - December) 40-41B (January - June) Fund Sources Fund Sources Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF $ $ $ $ $ $ $ $ 9 Annual Continuing Disclosure Fees 1/17/2012 9/1/2039 Willdan 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 /10 12/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABS 24 Series B 2013 TARB Bonds Issued After 12/31 /10 12/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABS 25 Advances from City General Fund approved for repayment by Oversight Board City/County Loan (Prior 06/28/11), Cash exchange 6/30/1994 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 /10 7/9/2014 9/1/2034 US Bank Refund 2004 Bonds 31 2016 Taxable Series A TARB Bonds Issued After 12/31/10 12/22/2016 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 Bonds Bond Funded Project— Pre-2011 7/5/2016 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 Bonds Bond Funded Project— Housing 7/5/2016 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 Detail July 1, 2017 through June 30, 2048 (Report Amounts in Whole Dollars) A B C D E F G H GT GU GV GW GX GY GZ HA Item # Project Name/Debt Obligation Obligation Type Contract/Agreement Execution Date Contract/Agreement Termination Date Payee Description/Project Scope Project Area 41-42A (July - December) 41-42B (January - June) Fund Sources Fund Sources Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF $ $ $ $ $ $ $ $ 9 Annual Continuing Disclosure Fees 1/17/2012 9/1/2039 Willdan 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 12/31/10 12/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABS 24 Series B 2013 TARB Bonds Issued After 12/31/10 12/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABS 25 Advances from City General Fund approved for repayment by Oversight Board City/County Loan (Prior 06/28/11), Cash exchange 6/30/1994 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 12/31/10 7/9/2014 9/1/2034 US Bank Refund 2004 Bonds 31 2016 Taxable Series A TARB Bonds Issued After 12/31/10 12/22/2016 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 Bonds Bond Funded Project — Pre-2011 7/5/2016 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 Bonds Bond Funded Project — Housing 7/5/2016 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 Detail July 1, 2017 through June 30, 2048 (Report Amounts in Whole Dollars) A B C D E F G H HB HC HD HE HF HG HH HI Item # Project Name/Debt Obligation Obligation Type Contract/Agreement Execution Date Contract/Agreement Termination Date Payee Description/Project Scope Project Area 42-43A (July - December) 42-43B (January - June) Fund Sources Fund Sources Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF 9 Annual Continuing Disclosure Fees 1/17/2012 9/1/2039 Willdan 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 12/31/10 12/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABS 24 Series B 2013 TARB Bonds Issued After 12/31/10 12/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABS 25 Advances from City General Fund approved for repayment by Oversight Board City/County Loan (Prior 06/28/11), Cash exchange 6/30/1994 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 12/31/10 7/9/2014 9/1/2034 US Bank Refund 2004 Bonds 31 2016 Taxable Series A TARB Bonds Issued After 12/31/10 12/22/2016 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 Bonds Bond Funded Project — Pre-2011 7/5/2016 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 Bonds Bond Funded Project — Housing 7/5/2016 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 Detail July 1, 2017 through June 30, 2048 (Report Amounts in Whole Dollars) A B C D E F G H HJ HK HL HM HN HO HP HQ Item # Project Name/Debt Obligation Obligation Type Contract/Agreement Execution Date Contract/Agreement Termination Date Payee Description/Project Scope Project Area 43-44A (July - December) 43-44B (January - June) Fund Sources Fund Sources Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF $ $ $ $ $ $ $ $ 9 Annual Continuing Disclosure Fees 1/17/2012 9/1/2039 Willdan 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 /10 12/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 24 Series B 2013 TARB Bonds Issued After 12/31 /10 12/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs 25 Advances from City General Fund approved for repayment by Oversight Board City/County Loan (Prior 06/28/11), Cash exchange 6/30/1994 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 /10 7/9/2014 9/1/2034 US Bank Refund 2004 Bonds 31 2016 Taxable Series A TARB Bonds Issued After 12/31/10 12/22/2016 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 Bonds Bond Funded Project— Pre-2011 7/5/2016 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 Bonds Bond Funded Project— Housing 7/5/2016 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 Detail July 1, 2017 through June 30, 2048 (Report Amounts in Whole Dollars) A B C D E F G H HR HS HT HU HV HW HX HY Item # Project Name/Debt Obligation Obligation Type Contract/Agreement Execution Date Contract/Agreement Termination Date Payee Description/Project Scope Project Area 44-45A (July - December) 44-45B (January - June) Fund Sources Fund Sources Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF 9 Annual Continuing Disclosure Fees 1/17/2012 9/1/2039 Willdan 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 12/31/10 12/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABS 24 Series B 2013 TARB Bonds Issued After 12/31/10 12/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABS 25 Advances from City General Fund approved for repayment by Oversight Board City/County Loan (Prior 06/28/11), Cash exchange 6/30/1994 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 12/31/10 7/9/2014 9/1/2034 US Bank Refund 2004 Bonds 31 2016 Taxable Series A TARB Bonds Issued After 12/31/10 12/22/2016 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 Bonds Bond Funded Project — Pre-2011 7/5/2016 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 Bonds Bond Funded Project — Housing 7/5/2016 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 Detail July 1, 2017 through June 30, 2048 (Report Amounts in Whole Dollars) A B C D E F G H HZ IA IB Ic ID IE IF IG Item # Project Name/Debt Obligation Obligation Type Contract/Agreement Execution Date Contract/Agreement Termination Date Payee Description/Project Scope Project Area 45-46A (July - December) 45-46B (January - June) Fund Sources Fund Sources Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF 9 Annual Continuing Disclosure Fees 1/17/2012 9/1/2039 Willdan 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 12/31/10 12/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs 24 Series B 2013 TARB Bonds Issued After 12/31/10 12/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABS 25 Advances from City General Fund approved for repayment by Oversight Board City/County Loan (Prior 06/28/11), Cash exchange 6/30/1994 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 12/31/10 7/9/2014 9/1/2034 US Bank Refund 2004 Bonds 31 2016 Taxable Series A TARB Bonds Issued After 12/31/10 12/22/2016 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 Bonds Bond Funded Project — Pre-2011 7/5/2016 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 Bonds Bond Funded Project — Housing 7/5/2016 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 Detail July 1, 2017 through June 30, 2048 (Report Amounts in Whole Dollars) A B C D E F G H IH II IJ IK IL IM IN 10 IP Item # Project Name/Debt Obligation Obligation Type Contract/Agreement Execution Date Contract/Agreement Termination Date Payee Description/Project Scope Project Area 46-47A (July - December) 46-47B (January - June) Total Fund Sources Fund Sources Bond Proceeds Other Funds RPTTF Admin RPTTF Bond Proceeds Other Funds RPTTF Admin RPTTF $ $ $ $ EIJI$ $ $ $ 318,703,470 9 Annual Continuing Disclosure Fees 1/17/2012 9/1/2039 Willdan Financial Services Preparation of annual continuing $ 105,000 10 Bond Holder Fees Fees 6/16/2005 9/1/2039 US Bank Fees for holding administration and distribution of bond proceeds $ 115,500 22 Administrative Allowance Admin Costs 1/1/2014 9/1/2039 City of La Quinta Administrative Allowance per ABx1 26 (3% of ROPS) $ 48,300 23 Series A 2013 TARB Bonds Issued After 12/31 /10 12/23/2013 9/1/2033 US Bank Refund 1998, 2001, 2002, 2003 TABs $ 115,982,019 24 Series B 2013 TARB Bonds Issued After 12/31 /10 12/23/2013 9/1/2032 US Bank Refund 1998, 2001, 2002, 2003 TABs $ 28,110,786 25 Advances from City General Fund approved for repayment by Oversight Board City/County Loan (Prior 06/28/11), Cash exchange 6/30/1994 9/1/2030 City of La Quinta Loans made from the General Fund to the former RDA. Principal and 4% simple interest. $ 38,551,808 27 2014 Bonds Bonds Issued After 12/31 /10 7/9/2014 9/1/2034 US Bank Refund 2004 Bonds $ 88,003,775 31 2016 Taxable Series A TARB Bonds Issued After 12/31/10 12/22/2016 9/1/2039 US Bank Refund 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 Bonds Bond Funded Project— Pre-2011 7/5/2016 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 Bonds Bond Funded Project— Housing 7/5/2016 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 $