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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.