Attachment 1Name of Successor Agency: Town of Los Gatos FORM A - Redevelopment Property Tax Trust Fund (RPTTF)
Project Area(s) RDA Project Area All
DRAFT RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Per AB 26 - Section 34177 ( *)
Note B: This amount was provided by the Successor Agency and will be certified after completion of a review of the assets and liabilities.
Note C: This amount was provided by the Successor Agency and has not been verified by the Auditor Controller. The Pass - through Payments are paid directly by the County Auditor Controller Office.
Note B
Payable from the Redevelopment Property Tax Trust Fund (RPTTF)
Contract/Agreement
Total Outstanding
Total Due During
Fiscal Year
* **
Funding
Payments by month
Jan 2012
Feb 2012
Mar 2012
Apr 2012
May 2012
Jun 2012
Total
Project Name / Debt Obligation
Execution Date
Payee
Descri tion
Project Area
Debt or Obligation
2011 - 2012 **
Source
1992 COP Reimbursement
8/1/1992
U. S Bank
Reimbursement
Central Los Gatos
1
Agreement
252,000
$ 126,000.00
RPTTF
21,000.00
21,000.00
21,000.00
21,000.00
21,000.00
21,000.00
$ 126,000.00
2002 COP Reimbursement
7/1/2002
The BNY Mellon Trust
Reimbursement
Central Los Gatos
2
Co, N.A.
Agreement
14,146,321
$ 204,720.00
RPTTF
204,720.00
$ 204,720.00
2010 COP Reimbursement
6/1/10
The BNY Mellon Trust
Reimbursement
Central Los Gatos
3
Co, N.A.
Agreement
22,228,150
$ 313,413.00
RPTTF
313,413.00
$ 313,413.00
2010 COP Arbitrage Rebate Calculation
6/1/10
BLX (BondLogistix)
Arbitrage Calculation
Central Los Gatos
4
every 5 years
8,000
$ 1,750.00
RPTTF
1,750.00
$ 1,750.00
Housing Maintenance
8/22111
Santa Clara County Arg
Maintenance on 20
Central Los Gatos
5
& Envir M mt
Dittos & 224 W. Main
18,532
$ 21.00
RPTTF
21.00
$ 21.00
RDA Cooperative Agreement
1/22/90
Town of Los Gatos
Repayment of Town
Central Los Gatos
6
Advances
1,587,500
$ 1,500,000.00
RPTTF
1,500,000.00
$ 1,500,000.00
Contract for Consulting Services
2/7/11
Goldfarb /Lipman + Jones
Attorney services
Central Los Gatos
7
Hall
95,000
$ 4,290.00
RPTTF
4,290.00
$ 4,290.00
8
Contract for Consulting Services
1/18/12
Seifel Consulting
RDA Fiscal Analysis
Central Los Gatos
1,497
$ 1,497.00
RPTTF
1,497.00
$ 1,497.00
Employee Salary & Benefits
7/1/11
Employee Salary &
Town Employees
Central Los Gatos
9
Benefits
Staffing the RDA
818,730
$ 22,442.00
RPTTF
22,442.00
$ 22,442.00
Completion of Library Project
N/A
Contractor
Completion of Library
Central Los Gatos
10)
Miscellaneous
Project
600,000
$ 472,201.03
RPTTF /Other
151,665.82
261,289.15
59,246.06
$ 472,201.03
Totals - This Page (RPTTF Funding)
$ 44,024,083.00
$ 2,646,334.03
N/A
$1,549,250.00
$ 690,798.82
$ 284,039.15
$ 21,000.00
$ 21,000.00
$ 80,246.06
$ 2
$ -
$
N/A
$
$
$
$ -
$
$
$
Totals - Page 2 (Other Funding)
$ 4,266,600.00
$ 125,059.00
N/A
$
$
$
$
$
$ 125,059.00
$ 125,059.00
Totals - Page 3 (Administrative Cost Allowance)
$ 104,905,324.00
$ 4,727,029.00
N/A
$
$
$
$
$
$ 4,727,029.00
$ 4,727,029.00
Totals - Page 4 (Pass Thru Payments) Note C
$ 48,290,683,00
$ 2,771,393:03
0
$1,549,250.00
$ 690,798.82
$ 284,039.15
$ 21,000.00
$ 21,000:00
$ 205,305.06
$7,498,422.03
Grand total - All Pages
* The Preliminary Draft Recognized Obligation Payment Schedule (ROPS) is to be completed by 3/1/2012 by the successor agency, and subsequently be approved by the oversight board before the final ROPS is submitted to the State Controller and State Department of Finance by April 15, 2012. It is not a
requirement that the Agreed Upon Procedures Audit be completed before submitting the final Oversight Approved ROPS to the State Controller and State Department of Finance.
** All totals due during fiscal year and payment amounts are projected.
* ** Funding sources from the successor agency: (For fiscal 2011 -12 only, references to RPTTF could also mean tax Increment allocated to the Agency prior to February 1, 2012.)
RPTTF - Redevelopment Property Tax Trust Fund Bonds - Bond proceeds Other - reserves, rents, interest earnings, etc
LMIHF - Low and Moderate Income Housing Fund Admin - Successor Agency Administrative Allowance
Note B: This amount was provided by the Successor Agency and will be certified after completion of a review of the assets and liabilities.
Note C: This amount was provided by the Successor Agency and has not been verified by the Auditor Controller. The Pass - through Payments are paid directly by the County Auditor Controller Office.
Name of Successor Agency: Town of Los Gatos
Project Area(s) RDA Project Area All
DRAFT RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Per AB 26 - Section 34177 ( *)
FORM B - All Revenue Sources Other Than Redevelopment Property Tax Trust Fund ( RPTTF)
Payable from Other Revenue Sources
Contract/Agreement Total Due During Payments by month
Total Outstanding Fiscal Year Funding
Proiect Name / Debt Obliaation I Execution Date I Pavee Description Proiect Area Debt or Obligation 1 2011 - 2012 ** 1 Source * ** Jan 2012 Feb 2012 1 Mar 2012 1 Apr 2012 1 May 2012 1 Jun 2012 Total
N/A
Totals - LMIHF 3
Totals -Bond Proceeds
Totals - Other $ $ $ $ $ - I $ $ is 9
Grand total - This Page $ =$ = ®== ® ®�
* The Preliminary Draft Recognized Obligation Payment Schedule (ROPS) is to be completed by 3/112012 by the successor agency, and subsequently be approved by the oversight board before the final ROPS is submitted to the State Controller and State Department of Finance by April 15,
2012. It is not a requirement that the Agreed Upon Procedures Audit be completed before submitting the final Oversight Approved ROPS to the State Controller and State Department of Finance.
** All total due during fiscal year and payment amounts are projected.
* ** Funding sources from the successor agency: (For fiscal 2011 -12 only, references to RPTTF could also mean tax increment allocated to the Agency prior to February 1, 2012.)
RPTTF - Redevelopment Property Tax Trust Fund Bonds - Bond proceeds Other - reserves, rents, interest earnings, etc
L MIHF - Low and Moderate Income Housing Fund Admin - Successor Agency Administrative Allowance
00
Name of Successor Agency: Town of Los Gatos
Project Area(s) RDA Project Area All
DRAFT RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Per AB 26 - Section 34177 ( *)
FORM C - Administrative Cost Allowance Paid With Redevelopment Property Tax Trust Fund ( RPTTF)
NOTE B: This amount was provided by the Successor Agency and will be certified after completion of a review of the assets and liabilities.
NOTE C: This amount was approved by the Oversight Board.
NOTE B
NOTE C
Payable from the Administrative Allowance Allocation * * **
Total Outstanding
Total Due During
Fiscal Year
Funding
Payments by month
Jan 2012
Feb 2012
Mar 2012
Apr 2012
May 2012
Jun 2012
Total
Project Name / Debt Obligation
Payee
Description
Project Area
Debt or Obli ation
2011- 2012 **
Source **
Office supplies, meeting expenses,
Central Los Gatos
postage, bulk mail, copies, printing
services, special noticing,
membership fees, dues and
1)
Materials and Supplies
Successor Agency
subscriptions
3,800
$ 7,333.00
1
1
7,333.00
$ 7,333.00
Meetings and events and
Central Los Gatos
2)
Travel and Training
Successor Agency
employee training
-
$ 1
1,875.00
$ 1,875.00
Insurance, information technology
Central Los Gatos
support and building maintenance
3)
Internal Services
Successor Agency
12,800
$ 5,978.00
5,978.00
$ 5,978.00
Finance services, direct salary
Central Los Gatos
Financial, contractual, Consultant,
charges, and direct benefit charges
4
and Other Operational Support
Successor Agency
4,250,000
$ 109,873.00
109,873.00
$ 109,873.00
Totals - This Page
$ 4,266,600.00
$ 125,059.00
$ -
$ -
$ -
$
$ -
$ 125,059.00
$ 125,059.00
Administrative cost cap: $ 132,316.70
* The Preliminary Draft Recognized Obligation Payment Schedule (ROPS) is to be completed by 3/1/2012 by the successor agency, and subsequently be approved by the oversight board before the final ROPS is submitted to the State Controller
and State Department of Finance by April 15, 2012. It is not a requirement that the Agreed Upon Procedures Audit be completed before submitting the final Oversight Approved ROPS to the State Controller and State Department of Finance.
** All total due during fiscal year and payment amounts are projected.
* ** Funding sources from the successor agency: (For fiscal 2011 -12 only, references to RPTTF could also mean tax increment allocated to the Agency prior to February 1, 2012.)
RPTTF - Redevelopment Property Tax Trust Fund Bonds - Bond proceeds Other - reserves, rents, interest earnings, etc
LMIHF - Low and Moderate Income Housing Fund Admin - Successor Agency Administrative Allowance
* * ** - Administrative Cost Allowance caps are 5% of Form A 6 -month totals in 2011 -12 and 3% of Form A 6 -month totals in 2012 -13. The calculation should not factor in pass through payments paid for with RPTTF in Form D.
NOTE B: This amount was provided by the Successor Agency and will be certified after completion of a review of the assets and liabilities.
NOTE C: This amount was approved by the Oversight Board.
Name of Successor Agency: Town of Los Gatos
Project Area(s) RDA Project Area All
OTHER OBLIGATION PAYMENT SCHEDULE
Per AB 26 - Section 34177 ( *)
FORM D - Pass - Through Payments
Note B: This amount was provided by the Successor Agency and will be certified after completion of a review of the assets and liabilities.
Note C: This amount was provided by the Successor Agency and has not been verified by the Auditor Controller. The Pass - through Payments are paid directly by the County Auditor Controller Office.
Note B
Note C
Pass Through and Other Payments * * **
Total Outstanding
Total Due During
Fiscal Year
Source of
Payments by month Note C
Jan 2012
Feb 2012
Mar 2012
Apr 2012
May 2012
Jun 2012
Total
Project Name / Debt Obligation
Payee
Description
Project Area
Debt or Obligation
2011- 2012 **
Fund * **
RDA Low /Mod Housing Property
Santa Clara County (SCC)
Central Los Gatos
1
Tax Admin
Administrative Costs
19,692
19
19,692.00
$ 19,692.00
RDA Administration Property
Santa Clara County (SCC)
Central Los Gatos
2
Tax Admin
Administrative Costs
78,770
78,770.00
78,770.00
$ 78,770.00
Los Gatos Union School
Central Los Gatos
3
Pass Through Agreement
District
H & S Code, Section 33401
28,559,640
1,434,313.00
1,434,313.00
$ 1,434,313.00
Central Los Gatos
Los Gatos - Saratoga Union
4
Pass Through Agreement
High School District
H & S Code, Section 33401
23,120,823
1,139,532.00
1,139,532.00
$ 1,139,532.00
Midpeninsula Open Space
Central Los Gatos
5
Pass Through Agreement
District
H & S Code, Section 33401
838,721
42,113.00
42,113.00
$ 42,113.00
Central Los Gatos
6
Pass Through Agreement
Santa Clara County
H & S Code, Section 33401
24,719,928
967,976.00
967,976.00
$ 967,976.00
Santa Clara County Office
Central Los Gatos
7
Pass Through Agreement
of Education
H & S Code, Section 33401
1,782,465
60,796.00
60,796,00
$ 60,796.00
West Valley Mission
Central Los Gatos
8
Pass Through Agreement
College
H & S Code, Section 33401
3,150,717
132,582.00
132,582.00
$ 132,582.00
Central Los Gatos
9
Election Amount
Santa Clara Count
H & S Code Section 33676
7,289,836
274,064.00
274,064.00
$ 274,064.00
Central Los Gatos
Los Gatos - Saratoga Union
10
Election Amount
High School District
H & S Code Section 33677
6,072,533
228,299.00
228,299.00
$ 228,299.00
Central Los Gatos
11
Election Amount
Central Fire District
H & S Code Section 33678
4,592,876
172,671.00
172,671.00
$ 172,671.00
Central Los Gatos
12
Election Amount
Town of Los Gatos
H & S Code Section 33679
4,211,594
158,336.00
158,336.00
$ 158,336.00
Midpeninsula Open Space
Central Los Gatos
13
Election Amount
District
H & S Code Section 33680
475,729
17,885.00
17,885.00
$ 17,885.00
Totals - Other Obligations
I $ 104,905,324.00
$ 4,727,029.00
$
$
$
$
$
$
$ 4,727,029.00
$ 4,727,029.00
* The Preliminary Draft Recognized Obligation Payment Schedule (ROPS) is to be completed by 3/1/2012 by the successor agency, and subsequently be approved by the oversight board before the final ROPS is submitted to the State Controller and State Department of
Finance by April 15, 2012. It is not a requirement that the Agreed Upon Procedures Audit be completed before submitting the final Oversight Approved ROPS to the State Controller and State Department of Finance.
** All total due during fiscal year and payment amounts are projected.
* ** Funding sources from the successor agency: (For fiscal 2011 -12 only, references to RPTTF could also mean tax increment allocated to the Agency prior to February 1, 2012.)
RPTTF - Redevelopment Property Tax Trust Fund Bonds - Bond proceeds Other - reserves, rents, interest earnings, etc
LMIHF - Low and Moderate Income Housing Fund Admin - Successor Agency Administrative Allowance
* * ** - Only the January through June 2012 ROPS should include expenditures for pass - through payments. Starting with the July through December 2012 ROPS, per HSC section 34183 (a) (1), the county auditor controller will make the required pass- through payments prior to
transferring money into the successor agency's Redevelo ment Obligation Retirement Fund for items listed in an oversight board approved ROPS.
Note B: This amount was provided by the Successor Agency and will be certified after completion of a review of the assets and liabilities.
Note C: This amount was provided by the Successor Agency and has not been verified by the Auditor Controller. The Pass - through Payments are paid directly by the County Auditor Controller Office.