Attachment 2 continuedName 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 A - Redevelopment Property Tax Trust Fund (RPTTF)
Note A: This amount represents six months' debt obligation from July 2012 to December 2012.
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 B
Note A
Payable from the Redevelopment Property Tax Trust Fund (RPTTF)
Contract/Agreement
Total Outstanding
Total Due During
Fiscal Year
* **
Funding
Payments by month
Jul 2012
Aug 2012
Sep 2013
Oct 2012
Nov 2012
Dec 2012
Total
Project Name / Debt Obligation
Execution Date
Payee
Description
Project Area
Debt or Obligation
2012 - 2013 **
Source
1
1992 COP Reimbursement
8/1/1992
U. S Bank
Reimbursement Agreement
Central Los Gatos
252,000
$ 21,000.00
RPTTF
21,000.00
$ 21,000.00
2002 COP Reimbursement
7/1/2002
The BNY Mellon Trust Co, N.A.
Reimbursement Agreement
Central Los Gatos
2
13,467,045
$ 479,720.00
RPTTF
479,720.00
$ 479,720.00
2010 COP Reimbursement
6/1/2010
The BNY Mellon Trust Co, N.A.
Reimbursement Agreement
Central Los Gatos
3
21,064,700
$ 963,413.00
RPTTF
963,413.00
$ 963,413.00
4
1992/2002/2010 COP Bank Service Fees
7/1/2002 & 6/1/2010
COP Fiscal Agents
Bank Service Charges
Central Los Gatos
3,200
$ 3,200.00
3,200.00
$ 3,200.00
Totals - ThisPage(RPTTFFunding)
$ 34,786,945.00
$ 1,467,333.00
$ 21,000.00
$1,446,333.00
$
$
$
$
$1,467,333.00
$ 162,351.00
$
NN/A
$ 55,559.17
$
$
$
$
$
$ 55,559.17
Totals - Page 2 (Other Funding)
$ 4,166,420.00
$ 125,000:00
$ 125,000,00
$ 125,000.00
Totals - Page 3 (Administrative Cost Allowance)
$
$
$
$
$
$
$
$
$ -
Totals - Page 4 (Pass Thru Payments)
$ 39,115,716.00]$
1,592,333:00
$ 76,559,17
$ 1,446,333.00
®
®
®$
125,000.00
$1;647,892.17
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 16, 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 A: This amount represents six months' debt obligation from July 2012 to December 2012.
Note B: This amount was provided by the Successor Agency and will be certified after completion of a review of the assets and liabilities.
Name of Successor Agency: Town of Los Gatos FORM B - All Revenue Sources Other Than 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 s
Payable from Other Revenue Sources
Contract/Agreement
Total Outstanding
Total Due During
Fiscal Year
Funding Source
Pa ments by month
Project Name / Debt Obligation
Execution Date
Payee
Description
Project Area
Debt or Obligation
2012- 2013 **
* **
Jul 2012 Aug 2012 Sep 2013 Oct 2012 Nov 2012 Dec 2012 Total
Completion of Library Project
N/A
Contractor Miscellaneous
Completion of Library Project
Central Los Gatos
162,351.00
55,559.17
OTHER
55,559.17
$55,559.17
Totals - LMIHF
$ 162,351.00
$ 55,559.17
$ 55,559.17
$
$
$
$
$
$55,559.17
$0.00
Totals - Bond Proceeds
$
$
$
$
$
$
$
$0.00
Totals - Other
Fiii�5,559.17
0
$ 55,559.17
®
®
®
®
®$
55,559.17
Grand total - This Page
* The Preliminary Draft Recognized Obligation Payment Schedule (ROPE) is to be completed by 31112012 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
Note B: This amount was provided by the Successor Agency and will be certified after completion of a review of the assets and liabilities.
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: The Administrative budget is subject to the approval of the Oversight Board.
NOTE B
NOTE C
Payable from the Administrative Allowance Allocation * * **
Total Outstanding
Total Due During
Fiscal Year
Funding
Payments by month
Jul 2012
Aug 2012
Sep 2013
Oct 2012
Nov 2012
Dec 2012
Total
Project Name / Debt Obligation
Payee
Description
Project Area
Debt or Obligation
2012 - 2013 **
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
81,465.00
2,550.00
Admin
1
1
2,550.00
2,550.00
Meetings and events and employee
Central Los Gatos
2
Travel and Training
Successor Agency
training
47,921.00
1,500.00
Admin
1,500.00
1
Finance services, direct salary
Central Los Gatos
Financial, contractual, Consultant,
charges, and direct benefit charges
3
and Other Operational Support
Successor Agency
3,611,204.00
113,037.00
Admin
113,037.00
113,037.00
Insurance, information technology
Central Los Gatos
support and building maintenance
4
Internal Services
Successor Agency
54,246.00
1,698.00
Admin
1,698.00
1,698.00
Property maintenance, weed
Central Los Gatos
5
Maintenance
Successor Agency
abatement and security
205,164.00
6,422.00
Admin
6,422.00
6,422.00
Implementation of RDA Dissolution
Central Los Gatos
6
RDA Wind -Down Activities
Successor Agency
116,420.00
58,210.00
OTHER
9,702.00
9,702.00
9,702.00
9,702.00
9,701.00
9,701.00
58,210.00
Goldfarb /Lipman + Jones
Central Los Gatos
71
Contract for Consulting Services
Hall
Attorney services
50,000.00
$ 25,000.00
OTHER
4,166.00
4,166.00
4,167.00
4,167.00
4,167.00
4,167.00
$ 25,000.00
Totals - This Page
$ 4,166,420.00
$ 208,417.00
1
1 $ 13,868.00
$ 13,868.00
$ 13,869.00
$ 13,869.00
$ 13,868.00
$ 139,075.00
$ 208,417.00
Administrative cost cap: 3% of EOPS $ 44,019.99
* The Preliminary Draft Recognized Obligation Payment Schedule (BOPS) 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: The Administrative budget is subject to the approval of 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
Pass Through and Other Payments * * **
Total Outstanding
Total Due During
Fiscal Year
Source of
Payments by month
Jul 2012
Aug 2012
Sep 2013
Oct 2012
Nov 2012
Dec 2012
Total
Project Name / Debt Obligation
Payee
Description
Project Area
Debt or Obligation
2012 - 2013 **
Fund * **
No reportable items
Totals - Other Obligations
I $
$
$
$
$
$
$
$
$
$
* 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 BOPS.