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HomeMy WebLinkAboutAGENDA REPORT 2016 0119 OB REG ITEM 07A OVERSIGHT BOARD TO SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK MEETING of /-/9'00/6 ITEM 7.A. ACTION: 4pdJ7J . • Lla D6 aZ CT/b — �, a Ate-,. air.eZz BY: Leh OVERSIGHT BOARD TO THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK AGENDA REPORT TO: Oversight Board to the Successor Agency FROM: Ron Ahlers, Finance Directorate DATE: January 13, 2016 (Oversight Board Meeting January 19, 2016) SUBJECT: Consider Resolution Adopting the Recognized Obligation Payment Schedule (ROPS 16-17) for July 1, 2016 to June 30, 2017 SUMMARY Pursuant to section 34177(o)(1) of the California Health and Safety Code (the "Redevelopment Dissolution Law"), the Successor Agency must prepare a Recognized Obligation Payment Schedule ("ROPS") for each twelve-month fiscal period (commencing July 1, 2016), listing the payments to be made by the Successor Agency during such period. All ROPS must be approved by the Oversight Board. Furthermore, each Oversight Board-approved ROPS must be submitted to the State Department of Finance ("DOF"), State Controller's Office ("SCO") and County Auditor-Controller for review. Staff is requesting the Oversight Board consider the attached Resolution to adopt the ROPS 16-17 for July 1, 2016 to June 30, 2017. DISCUSSION Deadlines for ROPS Submission and Review The. Redevelopment Dissolution Law does not specify a deadline for the Successor Agency to submit the ROPS for July 1, 2016 to June 30, 2017 ("ROPS 16-17") to the Oversight Board for approval. However, the Successor Agency must submit an Oversight Board-approved ROPS 16-17 to the DOF, the Office of the State Controller and the County Auditor-Controller by February 1, 2016. The Successor Agency must submit the ROPS to the DOF electronically in the manner of DOF's choosing. A copy of the Oversight Board-approved ROPS must be posted on the Successor Agency's website. 1 Oversight Board to the Successor Agency January 19, 2016 Page 2 The DOF may eliminate or modify any items on the ROPS before approving the ROPS. The DOF must make its determination regarding the enforceable obligations and the amount and funding source for each enforceable obligation listed on a ROPS no later than April 15, 2016. Within five business days of the DOF's determination, the Successor Agency may request to "meet and confer" with the DOF on disputed items. The meet and confer period may vary, but an untimely submission of ROPS 16-17 may result in a meet and confer period of less than 30 days. The County Auditor-Controller may object to the inclusion of any item on the ROPS that is not demonstrated to be an enforceable obligation and may object to the funding source proposed for any item. The County Auditor-Controller must provide notice of its objections to the DOF, the Successor Agency and the Oversight Board by March 2, 2016. Penalties for Failure to Make Timely Submission If the Successor Agency does not submit an Oversight Board-approved ROPS by the statutory deadline, the City of Moorpark will be subject to a civil penalty of $10,000 per day for every day that the ROPS is not submitted to the DOF. The penalty is to be paid to the County Auditor-Controller for distribution to the taxing entities. If the Successor Agency does not timely submit a ROPS, creditors of the successor agency, the DOF, and affected taxing entities may request a writ of mandate to require the Successor Agency to immediately perform this duty. Additionally, if the Successor Agency does not submit a ROPS within 10 days of the statutory deadline, the Successor Agency's administrative cost allowance for that period will be reduced by 25 percent. If the Successor Agency fails to submit an Oversight Board-approved ROPS to the DOF within five business days of "the date upon which the ROPS is to be used to determine the amount of property tax allocations", the DOF may determine whether the County Auditor-Controller should distribute any of property tax revenues to the taxing entities, or whether any amount should be withheld for enforceable obligations pending approval of the ROPS. It is not clear what is "the date upon which the ROPS is to be used to determine the amount of property tax allocations." ROPS 16-17 This is the tenth ROPS the Oversight Board is being requested to approve. This is the first time the ROPS is for an annual period. All prior ROPS were for six-month periods. ROPS 16-17 is for a complete twelve-month fiscal year. This ROPS form, if approved by the Oversight Board and the DOF, will yield $2,011,855 to the Successor Agency for the time period July 1, 2016 to June 30, 2017 for payment of enforceable obligations and administration expenses. As a reminder the County Auditor-Controller disburses the funds on January 2nd and June 1st each year. The second page is the actual ROPS detail. The largest items are for the bond debt service in the total amount of $1,711,855. Item #37 requests $224,208 from the Reserve Balance to pay to Ventura County Community College District (VCCCD) for 2 Oversight Board to the Successor Agency January 19, 2016 Page 3 unpaid prior-period pass-through obligations. This is a repeat item from ROPS 15-16A just in case the cash does not get paid in that time period. The Successor Agency is only paying $224,208, in total to VCCCD. The third page is the Report of Cash Balances. This report details the bond fund balances, other fund sources (rent, etc.) and the Redevelopment Property Tax Trust Fund (RPTTF) fund balance for Administration and Non-Administration. The actual beginning balances, revenue and expenditures for the six month period July 1, 2015 to December 31, 2015. The DOF also requires an estimate for the six month period of January 1, 2016 to June 30, 2016. The "Report of Prior Period Adjustments" was not included in the ROPS package by the DOF. This report shall return next year to reflect the annual payments for FY 2015-16. Finding of Completion The Successor Agency received the "Finding of Completion" from the DOF on March 25, 2013. The Successor Agency is now authorized to do the following: • Retain dissolved RDA assets per HSC Section 34191.5 (c) (2) • Place loan agreements between the former redevelopment agency and sponsoring entity on the ROPS, as an enforceable obligation, provided the oversight board makes a finding that the loan was for legitimate redevelopment purposes per HSC Section 34191.4 (b) (1) • Utilize proceeds derived from bonds issued prior to Jan. 1, 2011 in a manner consistent with the original bond covenants per HSC Section 34191.4 (c) ROPS Definition As a reminder, the ROPS is defined in the Health and Safety Code, section 34171(h): Recognized Obligation Payment Schedule" means the document setting forth the minimum payment amounts and due dates of payments required by enforceable obligations for each six-month fiscal period as provided in subdivision (m) of Section 34177. An "enforceable obligation" is defined per the Health and Safety Code, section 34171(d)(1), an enforceable obligation means A. Bonds B. Loans C. Payments required by the federal government or the state D. Judgments or settlements E. Any legally binding and enforceable agreement or contract 3 Oversight Board to the Successor Agency January 19, 2016 Page 4 F. Contracts or agreements necessary for the administration or operation of the successor agency (i.e. employee pay and benefits, rent, insurance, office supplies, etc.) G. Amounts borrowed from, or payments owing to, the Low and Moderate Income Housing Fund Section 34177.3(b) states: Successor agencies may create enforceable obligations to conduct the work of winding down the redevelopment agency, including hiring staff, acquiring necessary professional administrative services and legal counsel, and procuring insurance. FISCAL IMPACT The Successor Agency is limited to spending resources as they are listed on the ROPS. The preparation and submittal of ROPS 16-17 is for the purpose of allowing the Successor Agency to pay its enforceable obligations for the period from July 1, 2016 to June 30, 2017. STAFF RECOMMENDATION (ROLL CALL VOTE) 1. Adopt Resolution No. OB-2016- 2. Direct staff to transmit the approved ROPS, with the signature of the Chairperson, to the State of California (Department of Finance, State Controller's Office), Ventura County Auditor-Controller and post to the City's website, as per the legislation [Health and Safety Code, section 34177(k)(2)(C)]. Attachments: 1. Resolution No. OB-2016- 2. ROPS 16-17 for July 1, 2016 to June 30, 2017 4 Attachment 1 RESOLUTION NO. OB-2016- A RESOLUTION OF THE OVERSIGHT BOARD TO THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK, CALIFORNIA, FOR THE REGULAR MEETING OF JANUARY 19, 2016, ADOPTING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR JULY 1, 2016 TO JUNE 30, 2017 WHEREAS, Section 34179 (e) of the Health and Safety Code requires all actions taken by the Oversight Board to the Successor Agency of the Redevelopment Agency of the City of Moorpark be adopted by resolution; and WHEREAS, Pursuant to Health and Safety Code Section 34177(o)(1), the Successor Agency of the Redevelopment Agency of the City of Moorpark (the "Successor Agency") must prepare a proposed Recognized Obligation Payment Schedule ("ROPS") for each annual period beginning July 1, 2016 and submit each proposed ROPS to the Oversight Board of the Successor Agency (the "Oversight Board") for approval; and WHEREAS, Pursuant to Health and Safety Code Section 34177(I)(2)(C) and (m), the Successor Agency must (1) submit the Oversight Board-approved ROPS for the fiscal period from July 1, 2106 to June 30, 2017 ("ROPS 16-17"), to the DOF, the Office of the State Controller, and the County Auditor-Controller no later than February 1, 2016; and (2) post a copy of the Oversight Board-approved ROPS 16-17 on the Successor Agency's website: and WHEREAS, on January 19, 2016 the recommended Recognized Obligation Payment Schedule for July 1, 2016 to June 30, 2017 was submitted to the Oversight Board for its review and consideration (Agenda Item 7.A.). NOW, THEREFORE, THE OVERSIGHT BOARD TO THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. The above recitals are true and correct and are a substantive part of this Resolution. SECTION 2. The Oversight Board hereby approves proposed ROPS 16-17, substantially in the form presented as Attachment 2 with Agenda Item 7.A. Staff of the Successor Agency is hereby authorized and directed to submit a copy of Oversight Board-approved ROPS 16-17 to the DOF, the Office of the State Controller, and the County Auditor-Controller and to post a copy of the Oversight Board-approved ROPS 16-17 on the Successor Agency's Internet website (being a page on the Internet website of the City of Moorpark). 5 SECTION 3. The officers of the Oversight Board and the staff of the Successor Agency are hereby authorized and directed, jointly and severally, to do any and all things which they may deem necessary or advisable to effectuate this Resolution, including requesting additional review by the DOF and an opportunity to meet and confer on any disputed items, and any such actions previously taken by such officers and staff are hereby ratified and confirmed. SECTION 4. The City Clerk shall certify to the adoption of this resolution and shall cause a certified resolution to be filed in the book of original resolutions. PASSED AND ADOPTED this 19th day of January, 2016. Bruce Hamous, Chair ATTEST: Maureen Benson, City Clerk 6 EC/ Q O C O C 0 C D m CD cm. x G7 m O c7 CO > m 7 m `< .moi a) .. N -0 a O 3 C 3 O 7 ICD O- "G ry A D Z O O .Z1 07 i O G D m °: '�'' O T 3 = m = m D m A °' m m D o. CD z a N Q m n (n N w 0. 7. .N. a N c (D p W A c K o O 7a + O m o o co Q _'13 a ''. 7 CD N N a O V CO m (<p .N. 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XI o O 1 -c.1 in -0 ma T N Co C 0 - 3a a v 7 1 CO y C 2 2 m Q N N M M 3 N 0 in r V -.a _ V {(-� pA� Op�� D o N N (Nil .(Nn O 01 O t!1 1 0 ON N V O pO O V o V O N N a O O 0 . - 00 a d O N N N J in -a J �p V WV 03 0 0 03 M ((31 O) pa O pO - N O bp 01 in CD O 0 a) N 0 01 N . i 0 0 - N N N D 0 V O + (T O I g p') D O) O OD CJ1 (0�p V 8 V \T/ 0) O (n in I 01 O + V m E m z N Moorpark Recognized Obligation Payment Schedule(BOPS 16-17)-ROPS Detail July 1,2016 through June 30,2017 Re•ort Amounts In Whole Dollars A B C D E F G H I J K L M N 0 P 0 R S T U V W 16-17A 16-178 Non-Redevelopment Properly Tax Trust Fund Non-Redevelopment Property Tax Trust Fund Non-RPTTF RPTTF Non-RPTTF RPTTF Contra(/Agreement Contract/Agreereent Total Outstanding ROPS 16-17 16-170 16-17B illPro ect Name/Debt Obtgaoon Oble•abort T•e Execution Date Tarmeratron Date Payee Decca.bo yPro act Stype Pra M Area Debt w Obi•atron Retrad 1010 Bond Prwxeda Reserve Balarce Other Funds Non-Admin Admin Total Bwld Proceeds Reserve Balance OMer Funds Non-Admit Atlmn Total — $ 38 862.666 $ 3 677 606 0 100,000 $ 1.465.751 C $ 25 000 $ 125 000 $ 1 715 751 100000 - 1.736 656 125 000 © Bonds Issued On or Before 12/13/2006 6/302039 Bank of New York Bond Panoral 8 Interest Pevments MRP 21 079.545 N 837 563 294.731 $ 294 731 - IMO IZIMIIIMMII 5/1/1999 MRP 0 0 5 - Bank _. _ __-•o $ 10.00080 ----.. _.. _ ---_ 10.000 s 10.000 5 Bond Drsdl cure and cons..-.o 4/120007 602039 UrbanoFutixes York Bond d Disclosure and consulting ,.MRP 220 OOC N 5 20 W00 t0 000 b 0 000 $ 10,000 seoacea 0D r 6 *�` 101132009 39.. Pibar Calks MRP N -.._ -.. ___... 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TDD Properly rnpertyManagement PlanAttorney MRP N 30 Property Management Plan_ I Property Dtspositrons 7/12015 6/302016 60 Property Management Plan Planning MRP N Planning Services I Senates I 31 Property Management Plan: Property Dspositrons 7/1/2015 6/302016. TBO Property Management Plan'Marketing MRP N • I M rkang , . ... _ ee• 53/20' /202 k ea[ o a ti TS . 5 I 8 _ - s r_ 3 ,em s gree 61G"0'„ Ica,e.esenza 'VRA S 1C,1103 '" H 000 34 lar Assessments Mise Ilan us. 7/12015 8002016. CRy or Moorpark Assessments ft.lghb g2andscep ng MRP N 1' 35 Ruben Castro Human Senoces Improvement/Infrastructure 7112016 6/30/2017 vanes Building S Improvements at Ruben MOP 200.000 N $ 200,000 100,000 $ 100,000 100.000 $ 100 ODD Center _ __ Castro Human Sereces Center _ __ _ _ 36 2014 Tax Alloca5on Refunding Refunding Bonds Issued 11/182014 6/302032 Bank of New York Bond Pmupal B Interest payments MRP 16 658.913 N $ 2,115,835 946,812 $ 948,812 1,160023 $ 1,189023 Bonds After 6/27/12 — — 37 Unfunded Pno-Year Pass-Through Miscellaneous 2/11/1993 2/1/2012 Ventura County Community Unfunded Pnor-Year Pass-Though MRP 224.208 N S 224,208 224,208 S 224,208 - Payment Obligators College Drstr¢t Payment 066ga9ons(FY 20072008- I 20102011 _ _ 38N $ - $ - $ 39 N 0 - _._. $ _ $ - 40N $ - _ S - 41 N $ - $ - 42N $ - ---. $ - 43 ..._ N $ - $ - 11111111.1111111.1=11111111113111111.11M1 5 . __. — --- N $ - _. —{S 46 N $ - 9 — 47 _ N $ - $ - $ 48 _ _ __._.... N $ - $ 0 _49 _ N 5 - $ - $ - 50 .. 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OB-2016- A RESOLUTION OF THE OVERSIGHT BOARD TO THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK, CALIFORNIA, FOR THE MEETING OF JANUARY 19, 2016, APPROVING A RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE FISCAL PERIOD FROM JULY 1, 2016 THROUGH JUNE 30, 2017 AND TAKING CERTAIN RELATED ACTIONS WHEREAS, Pursuant to Health and Safety Code Section 34177(o), the Successor Agency to the Redevelopment Agency of the City of Moorpark (the "Successor Agency") must prepare a Recognized Obligation Payment Schedule listing the anticipated payments for enforceable obligations to be made by the Successor Agency during the fiscal period from July 1, 2016 through June 30, 2017 ("ROPS 16- 17") and submit ROPS 16-17 to the oversight board of the Successor Agency (the "Oversight Board") for approval; and WHEREAS, Pursuant to Health and Safety Code Section 34177(I)(2)(C) and Section 34177(o)(1), the Successor Agency must: (i) submit the Oversight Board- approved ROPS 16-17 to the DOF, the Office of the State Controller, and the County Auditor-Controller no later than February 1, 2016, and (ii) post a copy of the Oversight Board-approved ROPS 16-17 on the Successor Agency's website; and WHEREAS, on January 19, 2016 the recommended Recognized Obligation Payment Schedule for July 1, 2016 to June 30, 2017 was submitted to the Oversight Board for its review and consideration (Agenda Item 7.A.). NOW, THEREFORE, THE OVERSIGHT BOARD TO THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. The above recitals are true and correct and are a substantive part of this Resolution. SECTION 2. The Oversight Board hereby approves the proposed ROPS 16-17, substantially in the form attached hereto as Attachment 2 with Agenda Item 7.A. Staff of the Successor Agency is hereby authorized and directed to: (i) submit a copy of Oversight Board-approved ROPS 16-17 to the DOF, the Office of the State Controller, and the County Auditor-Controller and (ii) post a copy of the Oversight Board-approved ROPS 16-17 on the Successor Agency's Internet website (being a page on the Internet website of the City of Moorpark). SECTION 3. The Staff of the Successor Agency are hereby authorized and directed, jointly and severally, to do any and all things which they may deem necessary or advisable to effectuate this Resolution, including but not limited to requesting additional review by the DOF and an opportunity to meet and confer on any disputed items, and making adjustments to ROPS 16-17 pursuant to the DOF's instructions, and any such actions previously taken are hereby ratified and confirmed. SECTION 4. The City Clerk shall certify to the adoption of this resolution and shall cause a certified resolution to be filed in the book of original resolutions. PASSED AND ADOPTED this 19th day of January, 2016. Bruce Hamous, Chair ATTEST: Maureen Benson, City Clerk aol , n n na) / M -. 10 -n m o 0 w > C C ; f [{ \ { n f | e} % 2 C > z ( o X - ; CD 3 / % G - 3 \ [ � | | � co CD 073 - — \ CD -. $ & ! .. - / ( o c ) n o § CD z = ; - E £ | k ( % 0 k _ } ( ( § co 0 01 0 Cn -a. Q 5 & • • ƒ % 2 _ 7 [ % = 7 7 \ m 3 Dia CU c 7 CA � / 0 - } � ( & d ` E I / _ { � )J f 90 ■ 9 rn k ( \ k 2 \ / \. 03 am ƒ 7 7• 0 0 co \ i o3 ) E to j \� ) w03 2 ) 3 2 Q \ 9 - Der CU ci } { = - , 00 00 i - o0 -s - al L. k k \ k . . 0 0 - - - - § 0 \ Al , al 0 01 0 -• \ Moorpark Recognized Obligation Payment Schedule(ROPS 16-17)-ROPS Detail July 1,2016 through June 30,2017 (Report Amounts in Whole Dollars) A B C 0 E F G H I J It L M N O P O B S T U V W 16-17A 16-178 Non-Redevelopment Property Tax Trust Fund Non-Redevelopment Property Tax Trust Fund (Non-RPTTF) RPTTF (Non-RPTTF) RPTTF Contract/Agreement Contract/Agreement Total Outstanding ROPS 16-17 16176 16-17B Item a Project Name/Debt Obligation Obligation Type Execution Date Termination Date Payee Description/Project Scope Project Area Debt or Obligation Retired Total Bond Proceeds Reserve Balance Other Funds Non-Admin Admin Total Bond Proceeds Reserve Balance Other Funds Non-Admin Admin Totai - -4 -$ 36,662.666 $ 3,677.606 $ 100,000 1311.80Nall$ - $ 25,000 $ 125,000 S 1715,751 $ 100,000 $ $ $ 1,736,855 $ 125,000 1 1,961,855 3 2006 Tax Allocators Bonds Bonds Issued On or Before 12/13/2006 6/302039 Bank of New York Bond Principal 8 Interest Pavments MRP 21.079 545 N $ 637 5631 294.731 ___ 5 294.731 542832 $ 542.832 4 Bond Trustee Fees 5/1/1999 6/302039 Bank of New York Trustee services MRP 220000 N $ 20.000 10000 $ 10.000 10,000 4 10.00011 5 Bond O dosurr and consuBino Fees 4/122007 68300039 Urban Futures Bond D'sclosure and consutbng MRP 220.000 N $ 20.000 '0.000 $ 10.000 10.000 $ 1C.0001 6 Bono Arblb Calks 1Fees 10/13/206961901"1035 Bo( ogIB18 113$21_.d Arbd aqe Calks MRS _ _ N j _ I ? 6.Presorts FJ: t nance [property M men_ce 7/1/2014 6/302015 Mtke's Harty Man Service Poverty Maintenance MOP N _f_ _ _ -._ .� - �. _- u,;1. $ ST trODI ,,..s qd, ,, 5 0,20- ^,nloVees '.d4 CCD r,i 0 _ 1_ JCS _.__ - OC C- -. ... �� __ nenef's MRPo.000. -__.. l 10,c etr:n Adr _;s 't;_s f .3'1/20 ,a,:es MRP 55j 0 'J_ _-- __ _ ---. _..._-_ _.___ cSCC;=- uCC -_ _--_._ -__- 5OCO S. 28.ODC'I __ --_ __ _ -_. - . cos ter S�.cessor- MRP N '10 Scot Agency i __ �.. 22[6 t f5 or Ager: Fee 4/192012 . /31/017 ROgers Anderson M tidy A db g - I ( --- r- 3'W d Abatement.' _ Prof'Property M i ce 7/12015 6!02056 R A.Aimore.6 Sons L'1d held t : uv weeds MRF - N — — r 7_---� I _ 1 L_ _, - - t— _ ._- t -{-___ - _I 2 dsc p d es Property Maintenance 71120'.5 b3Ue016 Amoco Land'nerdf esal_.landscarong IMRP N r. a T - .mss ` l -. I i r 2S1Real Estate Appraisals Property 05po5it sale.Real Estate 'MRP N. : --_Y -_ -__- { _- --_ ' -- —�- ions 702015 6/30820'6 TBD p herd fo '1 j , Appraisal M ll land . -'- - - '- r -- - - I 28 C ersi9ht B Legal se Property 0 p anions 7/1/2015 6/302016 TBD 1804 Held fresaleg l services MRP N. 1 --- - , -- 1 --- - t --- -T '- -- -- r l 27 IP Property a9ereen(P.a'1 [Property 0/pnsitlons 711/2015 6/300015 tBD Property Management Plan: MRP N r Hent Plan Real MRP I N I I. 8 P sigManagement PM R [PropertyD PovNons 7)112075 6130/2016 l',BD Properly M g I i -_ _- Estate Br k 1 Estate Brokers ___ _.. _) .__ -4----- 29rProperlyM agement Planfttrneyl Property Dspos3ions 7/12015 61300016 iTBD Property Management Plat Attorney MRP N. - - I l ,- 30 Properly Management Prar j Property Ds„os.rons .7/12015 513C/2C16 BC Property - ..-' -_ -__ Planning S PI P ng Mi2P N l i { - t 31 Properly Management Plan -Property Dspcsit:ons 7112015 6/302016. TBD Propeny Management Plan Marketing MRP _yses N a ' I 1. l I Markebnq i. -_ -__.___--i _--- _i___ _ a_____-... - _-_____ .-:..-.__ __ __ __ ;___ ___. _ _-� _nc.Seee. .- - c e e a_e _ �_ 6/3012G" _ Rca_. ., _ uo. ., t. ., , L - - - _----_.. - __ _- 0 �b es .nee. c _ ..s M _ ____ _ -- __ ._ ___. __- r `' 34r.axAssesamerrts IMiscel _-- '-_- 4 :anticus �7l1201 a 16/3080'.6 1Gty of Moorpark Assessments for lrgtlb g7. d ap._, h1.RP N t .-- ) Y y ,�` 5 OC 35 Ruben Castro Human Services r.r -t. '.as r '.a--c 6300,01- vanes Building 8 Improvements at Ruben 000 200 000 N $ 200,000 100,000 $ 100,000 166 000 136.000 Center Castro Human Services Center 36 2014 Tax Allocation Refunding Refunding Bonds Issued 11/1882014 6/30/2032 Bank of New York Bond Pnnapal 8 Interest payments MRP 16,858,913 N 5 2,115,835 946,812 E 946,812 1,169,023 $ 1,169,023 Bonds After 627/12 - 37 Unfunded Pno-Year Pass-Through Miscellaneous 2/11/1993 2/12012 Ventura County Cammunty Unfunded Prior-Year Pass-Through MRP 224,208 N $ 224,208 224,208 S 224208 $ Payment Obligations College District Payment Obligations(FY 20072008- 2010/2011 $ 38 N $ - S - - 39 N $ - $ - --_ $ 40 N $ - $ - $ 41 N $ - $ - $ 42 _ N $ $ - $ 43 _ N $ - $ - $ - 44 N $ 5 - $ 45N $ - $ - $ -48 - - N $ - $ - 5. - 47 N $ _ $ - - $ - 48 N $ $ - $ - 49 N $ - S - $ - 50 N $ $ $ - • 51 N $ - - -$$ - - $ - 52 N -$ - - $ - 53 N 5 - - $ - $ - 54 N $ - $ - - $ - 55 N $ - $ $ - 56 N $ - 5 - $ 57 N $ - 0 - $ - 58 N $ - 5 - $ - 59 N 5 - $ - 5 60 N $ S - $ - 61 N 5 - $ - $ 62 N $ - $ - $ - 63N $ - _ $ - $ 64 - - N $ - S - $ - 65 N $ - $ - $ - 66 N S - S - $ - 67 N $ - $ - $ - 68 N 5 - $ - $. - 69 N $ - 5 - $ 70 N 5 - $ - $ 71 N 0 - $ - 0 _ 72N $ - S .. 5 73 N $ - $ - $ 74 N $ - S - 5 - 75 N $ - 5 - $ - 76 N 5 - $ - $ O a) co Co > ro a u N L C C o a) aa — E C E -a 0 C 0 0 a) O c w r C w co c c=n E x a a1 _ N I- co N co co to V' o 0 w N. 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