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HomeMy WebLinkAbout12-78 - Receiving the Independent Accountant's report RE the non-housing due diligence review conductedSUCCESSOR AGENCY RESOLUTION NO. 2012-78 A RESOLUTION OF THE SUCCESSOR AGENCY TO THE COSTA MESA REDEVELOPMENT AGENCY RECEIVING THE INDEPENDENT ACCOUNTANT'S REPORT RE THE NOW HOUSING DUE DILIGENCE REVIEW CONDUCTED PURSUANT TO SECTION 34179.5 AND AUTHORIZING STAFF TO TRANSMIT THE REPORT, ALONG WITH THE PREVIOUSLY APPROVED RECOGNIZED OBLIGATION PAYMENT SCHEDULES, TO THE OVERSIGHT BOARD AND TO THE CAC, CAO, SCO, AND DOF PURSUANT TO SECTION 34179.6 OF THE DISSOLUTION ACT WHEREAS, the Costa Mesa Redevelopment Agency ("Agency") was established as a community redevelopment agency that was previously organized and existing under the California Community Redevelopment Law, Health and Safety Code Section 33000, et seq. ("CRL"), and previously authorized to transact business and exercise powers of a redevelopment agency pursuant to action of the City Council of the City of Costa Mesa ("City'); and WHEREAS, Assembly Bill x1 26 chaptered and effective on June 27, 2011 added Parts 1.8 and 1.85 to Division 24 of the California Health & Safety Code, which caused the dissolution of all redevelopment agencies and winding down of the affairs of former agencies, including as such laws were amended by Assembly Bill 1484 chaptered and effective on June 27, 2012 (together, the "Dissolution Act"); and WHEREAS, as of February 1, 2012 the Agency was dissolved pursuant to the Dissolution Act and as a separate legal entity the City serves as the Successor Agency to the Costa Mesa Redevelopment Agency ("Successor Agency"); and WHEREAS, the Successor Agency administers the enforceable obligations of the former Agency and otherwise unwinds the Agency's affairs, all subject to the review and approval by a seven -member oversight board ("Oversight Board"); and WHEREAS, pursuant to Section 34179 the Successor Agency's Oversight Board has been formed and the initial meeting has occurred on April 19, 2012; and WHEREAS, Section 34179 provides that the Oversight Board has fiduciary responsibilities to holders of enforceable obligations and the taxing entities that benefit from distributions of property tax and other revenues pursuant to Section 34188 of Part 1.85 of the Dissolution Act; and WHEREAS, Sections 34177(m), and 34179 provide that each Recognized Obligation Payment Schedule is prepared, submitted to reviewed and approved by the Successor Agency and then reviewed and approved by the Oversight Board; and WHEREAS, by Resolution the Successor Agency and then the Oversight Board previously approved the first, second and third ROPS in the form attached to the resolution approving each such respective ROPS; and WHEREAS, no further action is required by the Successor Agency as to the first, second and third ROPS in connection with its actions on the non -housing due diligence review report hereunder; and WHEREAS, Section 34179.5 requires the Successor Agency to employ a licensed accountant approved by the Orange County Auditor -Controller to perform a due diligence review and report on the amount of funds transferred from the former Costa Mesa Redevelopment Agency; and WHEREAS, on July 31, 2012, the Orange County Auditor -Controller provided written approval to Successor Agency staff of their selection of White Nelson Diehl Evans as the licensed accountant to perform the due diligence review for the Successor Agency; and WHEREAS, on August 30, 2012, the Department of Finance posted on its official website the agreed-upon procedures to conduct the due diligence reviews; and WHEREAS, in accordance with the provisions of the agreed-upon procedures and provisions of Section 34179.5, White Nelson Diehl Evans has completed the non -housing due diligence review and report a copy of which is attached hereto and incorporated by this reference; and WHEREAS, Section 34179.6 sets forth the steps to be taken by the Successor Agency and then by the Oversight Board relating to the due diligence review report: "The review required pursuant to Section 34179.5 shall be submitted to the oversight board for review. The successor agency shall submit a copy of the Recognized Obligation Payment Schedule to the county administrative officer, the county auditor -controller, and the Department of Finance at the same time that the successor agency submits the review to the oversight board for review. (a) ... by December 15, 2012, each successor agency shall provide to the oversight board, the county auditor -controller, the Controller, and the Department of Finance the results of the review ... (b) Upon receipt of the review, the oversight board shall convene a public comment session to take place at least five business days before the oversight board holds the approval vote specified in subdivision (c). The oversight board also shall consider any opinions offered by the county auditor -controller on the review results submitted by the successor agencies. (c) ... by January 15, 2013, for [the non -housing] funds and accounts, the oversight board shall review, approve, and transmit to the department and the county auditor -controller..."; and WHEREAS, due to the ambiguity of Section 34179.6, all three previously approved ROPS will be appended with the transmittal by the Successor Agency of the non -housing due diligence review report. NOW, THEREFORE, BE IT RESOLVED BY THE SUCCESSOR AGENCY TO THE COSTA MESA REDEVELOPMENT AGENCY: 1. The foregoing recitals are incorporated into this Resolution by this reference, and constitute a material part of this Resolution. 2. Pursuant to the Dissolution Act, the Successor Agency receives the Non -Housing Due Diligence Review Report as submitted herewith as Attachment 1. 3. The Successor Agency authorizes transmittal of the Non -Housing Due Diligence Review Report to the Oversight Board for its review and approval and also directs staff to send such report to the CAC, CAO, SCO, and DOF as required by Section 34179.6. 4. The Successor Agency further directs staff to append to the transmittal of the Non -Housing Due Diligence Review Report a copy of the Recognized Obligation Payment Schedule for the period of January 1, 2013 to June 30, 2013, attached hereto as Attachment 2 and incorporated by this reference. 5. The Assistant Finance Director or her authorized designee is directed to post this Resolution on the Successor Agency website pursuant to the Dissolution Act. The City Clerk shall certify to the adoption of this APPROVED AND ADOPTED this 4th day of Chair, cessopgepC`y to the Costa Mesa (SEAL) ATTEST: Brenda Green, Intefinn City Clerk/Secretary Successor Agency to the Costa Mesa Redevelopment Agency STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss. CITY OF COSTA MESA ) I, Brenda Green, Interim City Clerk/Secretary of the Successor Agency to the Costa Mesa Redevelopment Agency, hereby certify that the foregoing resolution was duly adopted by the Successor Agency at a regular meeting held on the 4`h day of December 2012, and that it was so adopted by the following vote: AYES: Genis, Leece, Mensinger, Monahan, Righeimer NOES: None ABSENT: None Brenda Green, Interim City Clerk/Secretary Successor Agency to the Costa Mesa Redevelopment Agency (SEAL) ATTACHMENT to Successor Agency Resolution No. 2012-78 Non -Housing Due Diligence Review Report (attached) SUCCESSOR AGENCY TO THE COSTA MESA REDEVELOPMENT AGENCY Independent Accountants' Report on Applying Agreed -Upon Procedures On the Costa Mesa Redevelopment Agency's And The Successor Agency to the Costa Mesa Redevelopment Agency's All Other Funds Pursuant to California Health and Safety Code Section 34179.5 SUCCESSOR AGENCY TO THE COSTA MESA REDEVELOPMENT AGENCY AGREED-UPON PROCEDURES RELATED TO ALL OTHER FUNDS Table of Contents Page Independent Accountants' Report on Applying Agreed -Upon Procedures Related to All Other Funds Attachment A - Agreed -Upon Procedures and Findings Related to All Other Funds 2 - 9 SUPPORTING SCHEDULES: Schedule 1 - Listing of Assets Transferred to Successor Agency as of February 1, 2012 10 Schedule 2 - Transfers to the City of Costa Mesa 11 Schedule 3 - Reconciliation of Financial Transactions for the Periods Ended Jame 30, 2010, June 30, 2011, January 1, 2012 and June 30, 2012 12 Schedule 4 - Listing of Assets as of June 30, 2012 13 Schedule 5 - Calculation of Unrestricted Asset Balance for Retention 14 Schedule 6 - Schedule of Cash Balances for Retention to Meet Enforceable Obligations in Fiscal Year 2012-2013 15 Schedule 7 - Summary of Balance Available for Allocation to Affected Taxing Agencies 16 Independent Accountants' Report on Applying Agreed -Upon Procedures Related to All Other Funds Oversight Board of the Successor Agency to the Costa Mesa Redevelopment Agency Costa Mesa, California We have performed the minimum required agreed-upon procedures (AUP) enumerated in Attachment A, which were agreed to by the California Department of Finance, the California State Controller's Office, the Orange County Auditor -Controller, and the Successor Agency to the Costa Mesa Redevelopment Agency (Successor Agency), (collectively, the Specified Parties), solely to assist you in meeting the statutory requirements of Health and Safety Code Section 34179.5 related to all other funds except for the Low and Moderate Income Housing Fund (All Other Funds) of the former Costa Mesa Redevelopment Agency and the Successor Agency. Management of the Successor Agency is responsible for meeting the statutory requirements of Health and Safety Code Section 34179.5 related to All Other Funds. This agreed-upon procedures engagement was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. The sufficiency of these procedures is solely the responsibility of those parties specified in the report. Consequently, we make no representation regarding the sufficiency of the procedures described below, either for the purpose for which this report has been requested or for any other purpose. The scope of this engagement was limited to performing the agreed-upon procedures as set forth in Attachment A. Attachment A also identifies the findings noted as a result of the procedures performed. We were not engaged to and did not conduct an audit, the objective of which would be the expression of an opinion on whether the Successor Agency has met the statutory requirements of Health and Safety Code Section 34179.5 related to All Other Funds. Accordingly, we do not express such an opinion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you. This report is intended solely for the information and use of the Oversight Board and management of the Successor Agency to the Costa Mesa Redevelopment Agency, the California Department of Finance, the California State Controller's Office, and the Orange County Auditor -Controller, and is not intended to be, and should not be, used by anyone other than these specified parties. 4� LSP Irvine, California November 15, 2012 1 2875 Michelle Drive, Suite 300, Lsine, CA 92606 - Tel: 714.978.1300 •lax: 714.978.7893 Officer loeated in Orange and Sara Diego Counties SUCCESSOR AGENCY TO THE COSTA MESA REDEVELOPMENT AGENCY ATTACHMENT A - AGREED-UPON PROCEDURES AND FINDINGS RELATED TO ALL OTHER FUNDS 1. Procedure: Obtain from the Successor Agency a listing of all assets that were transferred from All Other Funds of the former redevelopment agency to the Successor Agency on February 1, 2012. Agree the amounts on this listing to account balances established in the accounting records of the Successor Agency. Identify in the Agreed -Upon Procedures (AUP) report the amount of the assets transferred to the Successor Agency as of that date. Finding: We agreed the amounts listed on Schedule I to the Successor Agency's accounting records without exceptions. The former redevelopment agency transferred $2,772,910 in assets to All Other Funds of the Successor Agency as detailed in Schedule 1. 2A. Procedure: Obtain a listing prepared by the Successor Agency of transfers (excluding payments for goods and services) from All Other Funds of the former redevelopment agency to the city that formed the redevelopment agency for the period from January 1, 2011 through January 31, 2012. For each transfer, the Successor Agency should describe the purpose of the transfer and describe in what sense the transfer was required by one of the Agency's enforceable obligations or other legal requirements. Provide this listing as an attachment to the AUP report. Finding: Transfers from All Other Funds of the former redevelopment agency other than payments for goods and services to the City of Costa Mesa for the period January 1, 2011 through January 31, 2012 are shown in Schedule 2, 2B. Procedure: Obtain a listing prepared by the Successor Agency of transfers (excluding payments for goods and services) from All Other Funds of the Successor Agency to the city that formed the redevelopment agency for the period from February 1, 2012 through June 30, 2012. For each transfer, the Successor Agency should describe the purpose of the transfer and describe in what sense the transfer was required by one of the Agency's enforceable obligations or other legal requirements. Provide this listing as an attachment to the AUP report. Finding: This procedure is not applicable as the Successor Agency did not make any transfers from All Other Funds other than payments for goods and services to the City of Costa Mesa during the period from February 1, 2012 through June 30, 2012. 2 SUCCESSOR AGENCY TO THE COSTA MESA REDEVELOPMENT AGENCY ATTACHMENT A - AGREED-UPON PROCEDURES AND FINDINGS RELATED TO ALL OTHER FUNDS 2C. Procedure: For each transfer, obtain the legal document that formed the basis for the enforceable obligation that required the transfer. Note in the AUP report the absence of any such legal document or the absence of language in the document that required the transfer. Finding: Schedule 2 in the report shows the details for the enforceable obligation or other legal requirement supporting the transfers. 3A. Procedure: Obtain a listing prepared by the Successor Agency of transfers (excluding payments for goods and services) from All Other Funds of the former redevelopment agency to any other public agency or to private parties for the period from January 1, 2011 through January 31, 2012. For each transfer, the Successor Agency should describe the purpose of the transfer and describe in what sense the transfer was required by one of the Agency's enforceable obligations or other legal requirements. Provide this listing as an attachment to the AUP report. Finding: This procedure is not applicable as the former redevelopment agency did not make any transfers to other public agencies or private parties from All Other Funds other than payments for goods and services during the period from January 1, 2011 through January 31, 2012. 3B. Procedure: Obtain a listing prepared by the Successor Agency of transfers (excluding payments for goods and services) from All Other Funds of the Successor Agency to any other public agency or to private parties for the period from February 1, 2012 through June 30, 2012. For each transfer, the Successor Agency should describe the purpose of the transfer and described in what sense the transfer was required by one of the Agency's enforceable obligations or other legal requirements. Provide this listing as an attachment to the AUP report. Finding: This procedure is not applicable as the Successor Agency did not make any transfers to other public agencies or private parties from All Other Funds other than payments for goods and services during the period from February 1, 2012 through June 30, 2012. 3 SUCCESSOR AGENCY TO THE COSTA MESA REDEVELOPMENT AGENCY ATTACHMENT A - AGREED-UPON PROCEDURES AND FINDINGS RELATED TO ALL OTHER FUNDS 3C. Procedure: For each transfer, obtain the legal document that formed the basis for the enforceable obligation that required the transfer. Note in the AUP report the absence of any such legal document or the absence of language in the document that required the transfer. Finding: This procedure is not applicable since no transfers were identified as a result of Procedures 3A and 3B. 4. Procedure: Obtain from the Successor Agency a summary of the financial transactions of the Redevelopment Agency and the Successor Agency for the fiscal periods ended June 30, 2010, June 30, 2011, January 31, 2012 and June 30, 2012. Ascertain that for each period presented, the total of revenues, expenditures and transfers account fully for the changes in equity from the previous fiscal period. Compare amounts for the fiscal period ended June 30, 2010 to the state controller's report filed for the Redevelopment Agency for that period. Compare the amounts for the other fiscal periods presented to the account balances in the accounting records or other supporting schedules. Finding: The reconciliation required by this Procedure is shown in Schedule 3. 5. Procedure: Obtain from the Successor Agency a listing of all assets from All Other Funds (excluding assets held by the entity that assumed the housing function previously performed by the former redevelopment agency) as of June 30, 2012. Agree the assets on the listing to the accounting records of the Successor Agency. Finding: As of June 30, 2012, the Successor Agency's total assets related to All Other Funds of the former redevelopment agency amounted to $3,985,243 as shown in Schedule 4. 6. Procedure: Obtain from the Successor Agency a listing of asset balances related to All Other Funds on June 30, 2012 that were restricted for the following purposes: • unspent bond proceeds, • grant proceeds and program income restricted by third parties, and • other assets with legal restrictions. SUCCESSOR AGENCY TO THE COSTA MESA REDEVELOPMENT AGENCY ATTACHMENT A - AGREED-UPON PROCEDURES AND FINDINGS RELATED TO ALL OTHER FUNDS 6A. Procedure - Unspent Bond Proceeds: Obtain the Successor Agency's computation of the restricted balances and trace individual components of this computation to related account balances in the accounting records, or to other supporting documentation. Obtain the legal document that sets forth the restriction pertaining to these balances. Finding: The Successor Agency has $704,300 held by Bank of the New York Mellon for the reserve requirement of the 2003 Tax Allocation Refunding Bonds. 6B. Procedure - Grant Proceeds and Program Income Restricted by Third Parties: Obtain the Successor Agency's computation of the restricted balances and trace individual components of this computation to related account balances in the accounting records, or to other supporting documentation. Obtain a copy of the grant agreement that sets forth the restriction pertaining to these balances. Finding: This procedure is not applicable as the Successor Agency's assets related to All Other Funds did not have grant proceeds and program income restricted by third parties as of June 30, 2012. 6C. Procedure -Other Assets Considered to be Legally Restricted: Obtain the Successor Agency's computation of the restricted balances and trace individual components of this computation to related account balances in the accounting records or other supporting documentation. We obtained the legal document that sets forth the restriction pertaining to these balances. Finding: This procedure is not applicable as the Successor Agency's assets related to All Other Funds did not have other assets considered to be legally restricted as of June 30, 2012. 5 SUCCESSOR AGENCY TO THE COSTA MESA REDEVELOPMENT AGENCY ATTACHMENT A - AGREED-UPON PROCEDURES AND FINDINGS RELATED TO ALL OTHER FUNDS 7. Procedure: Obtain from the Successor Agency a listing of assets of All Other funds of the former redevelopment agency as of June 30, 2012 that are not liquid or otherwise available for distribution and ascertain if the values are listed at either purchase cost or market value as recently estimated by the Successor Agency. For assets listed at purchased cost, trace the amount to a previously audited financial statement or other accounting records of the Successor Agency and note any differences. For any differences noted, inspect evidence of asset disposal subsequent to January 31, 2012 and ascertain that the proceeds were deposited into the Successor Agency's trust fund. For assets listed at recently estimated market value, inspect evidence supporting the value and note the methodology used. Finding: This procedure is not applicable as All Other Funds of the former redevelopment agency did not have any assets that were not liquid or otherwise available for distribution as of June 30, 2012. 8A. Procedure: If the Successor Agency identified that existing asset balances were needed to be retained to satisfy enforceable obligations, obtain an itemized schedule of asset balances (resources) as of June 30, 2012 that were dedicated or restricted for the funding of enforceable obligations. Compare the information on the schedule to the legal documents that formed the basis for the dedication or restriction of the resource balance in question. Compare all current balances which needed to be retained to satisfy enforceable obligations to the amounts reported in the accounting records of the Successor Agency or to an alternative computation. Compare the specified enforceable obligations to those that were included in the final Recognized Obligation Payment Schedule (BOPS) approved by the California Department of Finance. If applicable, identify any listed balances for which the Successor Agency was unable to provide appropriate restricting language in the legal document associated with the enforceable obligation. Finding: As of June 30, 2012, the Successor Agency's asset balances to be retained in order to satisfy enforceable obligations amount to $13,661 as detailed in Schedule S. These enforceable obligations were reported on ROPS 1. C SUCCESSOR AGENCY TO THE COSTA MESA REDEVELOPMENT AGENCY ATTACHMENT A - AGREED-UPON PROCEDURES AND FINDINGS RELATED TO ALL OTHER FUNDS 8B. Procedure: If the Successor Agency identified that future revenues together with balances dedicated or restricted to an enforceable obligation are insufficient to fund future obligation payments and thus retention of current balances is required, obtain from the Successor Agency a schedule of approved enforceable obligations that include a projection of the annual spending requirements to satisfy each obligation and a projection of the annual revenues available to fond those requirements. Compare the enforceable obligations to those that were approved by the California Department of Finance for the six month period from January 1, 2012 through June 30, 2012 and for the six month period July 1, 2012 through December 31, 2012. Compare the forecasted annual spending requirements to the legal document supporting the enforceable obligation and obtain the Successor Agency's assumptions relating to the forecasted annual spending requirements. Obtain the Successor Agency's assumptions for the forecasted annual revenues. Disclose the major assumptions for the forecasted annual spending requirements and the forecasted annual revenues in this AUP report. Finding: This procedure is not applicable as the Successor Agency did not identify any assets to be retained under this procedure. 8C. Procedure: If the Successor Agency identified that projected property tax revenues and other general purpose revenues to be received by the Successor Agency are insufficient to pay bond debt service payments (considering both the timing and amount of the related cash flows), obtain a schedule demonstrating this insufficiency. Compare the timing and amounts of bond debt service payments to the related bond debt service schedules in the bond agreement. Obtain the assumptions for the forecasted property tax revenues and other general purpose revenues and disclose them in this AUP report. Finding: This procedure is not applicable as the Successor Agency did not identify any assets to be retained under this procedure. 8D. Procedure: If Procedures 8A, 8B and 8C were performed, calculate the amount of unrestricted balances necessary for retention in order to meet enforceable obligations. Combine the amount identified as currently restricted balances and the forecasted annual revenues to arrive at the amount of total resources available to fund enforceable obligations. Reduce the total resources available by the amount of forecasted annual spending requirements. Include the calculation in this AUP report. 7 SUCCESSOR AGENCY TO THE COSTA MESA REDEVELOPMENT AGENCY ATTACHMENT A - AGREED-UPON PROCEDURES AND FINDINGS RELATED TO ALL OTHER FUNDS 8D. Finding: The unrestricted balances necessary for retention to meet enforceable obligations are detailed in Schedule 5. The Successor Agency does not expect any revenues to pay for these enforceable obligations. 9. Procedure: If the Successor Agency identified that cash balances as of June 30, 2012 need to be retained to satisfy obligations on the Recognized Obligation Payment Schedule (ROPS) for the period of July 1, 2012 through June 30, 2013, obtain a copy of the final ROPS for the period of July 1, 2012 through December 31, 2012 and a copy of the final ROPS for the period January 1, 2013 through June 30, 2013. For each obligation listed on the ROPS, the Successor Agency should identify (a) any dollar amount of existing cash that was needed to satisfy the obligation, and (b) the Successor Agency's explanation as to why the Successor Agency believes that such balances were needed to satisfy the obligation. Include this schedule as an attachment to this AUP report. Finding: The Successor Agency has identified $2,090,874 in cash balances be retained to satisfy obligations on the Recognized Obligation Payment Schedule (BOPS) for the period of July 1, 2012 to December 31, 2012 as shown in Schedule 6. 10. Procedure: Present a schedule detailing the computation of the ,Balance Available for Allocation to Affected Taxing Agencies. Amounts included in the calculation should agree to the results of the procedures performed above. Agree any deductions for amounts already paid to the County Auditor -Controller on July 12, 2012 as directed by the California Department of Finance to evidence of payment. Finding: The computation of the Balance Available for Allocation to Affected Taxing Agencies shows that the Successor Agency has a deficit of $(116,867) and there are no amounts to be remitted to the County for disbursement to affected taxing agencies as shown in Schedule 7. M SUCCESSOR AGENCY TO THE COSTA MESA REDEVELOPMENT AGENCY ATTACHMENT A - AGREED-UPON PROCEDURES AND FINDINGS RELATED TO ALL OTHER FUNDS 11. Procedure: Obtain a representation letter from management of the Successor Agency acknowledging their responsibility for the data provided and the data presented in the report or in any schedules or exhibits to the report. Included in the representations is an acknowledgment that management is not aware of any transfers (as defined by Section 34179.5) from either the former redevelopment agency or the Successor Agency to other parties for the period from January 1, 2011 through June 30, 2012 that have not been properly identified in this AUP report and its related schedules or exhibits. Management's refusal to sign the representation letter should be noted in the AUP report as required by attestation standards. Finding: No exceptions were noted as a result of this Procedure. SUCCESSOR AGENCY TO THE COSTA MESA REDEVELOPMENT AGENCY AGREED-UPON PROCEDURES RELATED TO ALL OTHER FUNDS LISTING OF ASSETS TRANSFERRED TO SUCCESSOR AGENCY ASSETS Cash and investments Cash and investments with trustee (Bond Reserves) As of February 1, 2012 10 SCHEDULEI Total as of February 1, 2012 S 2,068,610 704,300 $ 2,772910 SCHEDULE2 SUCCESSOR AGENCY TO THE COSTA MESA REDEVELOPMENT AGENCY AGREED-UPON PROCEDURES RELATED TO ALL OTHER FUNDS TRANSFERS TO THE CITY OF COSTA MESA FOR THE PERIOD JANUARY 1, 2011 THROUGH JANUARY 31,2012: Enforceable Obligation/ Date of Other Legal Requirement Transfer Description of Transfer Purpose of Transfer Amount _ Supporting Transfer 3/24/2011 Debt service payment Payment of principal and interest $ 1,299,705 Promissory note between the City of Costa on note payable to the City of Mesa and Costa Mesa Redevelopment Agency Costa Mesa General Fund dated April 16, 1973. Amount is approved on ROPS I and ROES 2. 3/29/2011 Debt service payment 6/30/2011 Ground lease for affordable housing project 11/29/2011 Debt service payment Payment of principal and interest on note payable to the City of Costa Mesa CDBG Fund Rental increase collected from property owned by the Redevelopment Agency Payment of principal and interest on note payable to the City of Costa Mesa General Fund (a) These transfers were added back to Schedule 7. 10,204 (a) Promissory note between the City of Costa Mesa and Costa Mesa Redevelopment Agency under a Cooperation Agreement dated November 6, 1972. The item was not approved as an enforceable obligation, because it's a revenue source. 88,991 (a) The item was not approved as an enforceable obligation, because it's a revenue source. 1,309,909 Promissory note between the City of Costa Mesa and Costa Mesa Redevelopment Agency dated April 16, 1973. Amount is approved on SOPS 1 and BOPS 2, SCHEDULE 3 SUCCESSOR AGENCY TO THE COSTA MESA REDEVELOPMENT AGENCY AGREED-UPON PROCECDURES RELATED TO ALL OTHER FUNDS RECONCILIATION OF FINANCIAL TRANSACTIONS FOR THE PERIODS ENDED JUNE 30, 2010, JUNE 30, 2011, JANUARY 31, 2012 AND JUNE 30, 2012 Other Information (show year end balances for all three years presented): Capital assets as of end of year $ 23,064 $ 23,064 $ 23,064 $ - Long-term debt as of end of year $ 15,531,911 $ 14,574,213 $ 13,409 676 $ t3,409,676 (a) Information agreed to the State Controllers Report for the years ended June 30, 2010 and June 30, 2011. (b) Information agreed to the audited financial statements for the years ended June 30, 2010 and June 30, 2011. (c) Information from accounting records. (d) Tax increment was reduced by demand payment of $1,392,470. (e) This schedule includes all funds of the former redevelopment agency, including the Low and Moderate Income Housing Fund. 12 (a), (b) (a), (b) ( c), (d) ( c) Redevelopment Redevelopment Redevelopment Successor Agency Agency Agency Agency 12 Months Ended 12 Months Ended 7 Months Ended 5 Months Ended 6/30/2010 6/30/2011 1/31/2012 6/30/2012 Assets (modified accrual basis) Cash and investments $ 4,987,043 $ 6,107,491 $ 5,613,351 $ 6,679,987 Accounts receivable 2,375,330 2,445,617 2,502,105 - Due from other governments 29,341 21,741 _ Loans receivable 5,166,428 5,107,320 6,338,244 - Prepaid items - 4,065 _ Due from the City of Costa Mesa 15,000 15,000 - - Total Assets $ 12,573,142 $ 13,701,234 $ 14,453,700 $ 6,679,987 Liabilities (modified accrual basis) Accounts payable $ 15,304 $ 30,358 $ 1,432,957 $ 1,542,365 Accrued liabilities - - 31,090 4,306 Due to the City of Costa Mesa 147,141 138,336 - - Deferred revenue 7,558,887 7,554,381 8,840,349 Total Liabilities 7,721,332 7,723,075 10,304,396 1,546,671 Equity 4,851,810 5,978,159 4,149304 5,133316 Total Liabilities and Equity $ 12,573,142 $ 13.701,234 $ 14,453,700 $ 6,679 987 Total Revenues $ 4,228,633 $ 41374,784 $ 1,006,834 $ 1,514,429 Total Expenditures 4,749,575 3,248,435 2,835,689 530,417 Total Transfers - Net change in equity (520,942) 1,126,349 (1,828,855) 984,012 Beginning Equity 5,372,752 4,851,810 5,978,159 4,149,304 Ending Equity $ 4,851,810 $ 5,978,159 $ 4,149,304 $ 5,133316 Other Information (show year end balances for all three years presented): Capital assets as of end of year $ 23,064 $ 23,064 $ 23,064 $ - Long-term debt as of end of year $ 15,531,911 $ 14,574,213 $ 13,409 676 $ t3,409,676 (a) Information agreed to the State Controllers Report for the years ended June 30, 2010 and June 30, 2011. (b) Information agreed to the audited financial statements for the years ended June 30, 2010 and June 30, 2011. (c) Information from accounting records. (d) Tax increment was reduced by demand payment of $1,392,470. (e) This schedule includes all funds of the former redevelopment agency, including the Low and Moderate Income Housing Fund. 12 SUCCESSOR AGENCY TO THE COSTA MESA REDEVELOPMENT AGENCY AGREED-UPON PROCEDURES RELATED TO ALL OTHER FUNDS LISTING OF ASSETS As of June 30, 2012 ASSETS Cash and investments Cash and investments with trustee (Bond Reserve) l3 SCHEDULE4 $ 3,280,943 704,300 $ 3,985,243 SCHEDULES SUCCESSOR AGENCY TO THE COSTA MESA REDEVELOPMENT AGENCY AGREED-UPON PROCEDURES RELATED TO ALL OTHER FUNDS CALCULATION OF UNRESTRICTED ASSET BALANCE FOR RETENTION June 30, 2012 14 Enforceable Obligation/Other Legal Vendor/Payee Purpose of Transactions Amount Requirement Supporting Retention City of Costa Mesa Reimburse City of Costa Mesa for $ 4,306 Administrative cost allowance that payroll costs for the period ended was unpaid at June 30, 2012 and June 30, 2012 included in accounts payable Harell and Company RDA continuing disclosure annual 1,875 ROPS1, Line t Advisors, LLC report Martin and Chapman Minutes binder for Successor Agency 385 Administrative cost allowance that Company was unpaid at June 30, 2012 and included in accounts payable Smelling, Yocca, Carlson Successor Agency formation 7,095 ROES 1, Line 8 and Rauth consulting 14 SCHEDULE6 SUCCESSOR AGENCY TO THE COSTA MESA REDEVELOPMENT AGENCY AGREED-UPON PROCEDURES RELATED TO ALL OTHER FUNDS SCHEDULE OF CASH BALANCES FOR RETENTION TO MEET ENFORCEABLE OBLIGATIONS IN FISCAL YEAR 2012-2013 15 Enforceable Obligation/ Other Legal Requirement Payee Purpose of Transactions Amount Supporting Retention Cash balances needed to be retained for the funding of future enforceable obligations: Bank of New York Debt service payment on Tax Allocation $ 623,087 Bond Document Requirement Bonds (TAB) Refttnding 2003 Reported on ROPS 2, Line 1 Bank of New York Fiscal Agent Services 1,082 Bond Document Requirement Reported on ROPS 2, line 1 City of Costa Mesa Debt service on promissory note payable 1,299,705 Promissory Note Payable to the City of Costa Mesa Reported on ROPS 2, line 3 Strading Yocca Carlson Consulting attorney services for formation 24,000 Reported on ROPS 2, line 4 & Rauth of Successor Agency Keyser Marston Successor Agency formation consultation 18,000 Reported on ROPS 2, line 4 City of Costa Mesa Administrative Allowance 125,000 Administrative Cost Allowance Reported on ROPS 2 $ 1090,874 15 SCHEDULE7 SUCCESSOR AGENCY TO THE COSTA MESA REDEVELOPMENT AGENCY AGREED-UPON PROCEDURES RELATED TO ALL OTHER FUNDS SUMMARY OF BALANCE AVAILABLE FOR ALLOCATION TO AFFECTED TAXING AGENCIES As of June 30, 2012 Total amount of assets held by the Successor Agency as of June 30, 2012 - (Procedure 5) $ 3,985,243 Less assets legally restricted for uses specified by debt covenants, grant restrictions, or restrictions imposed by other governments - (Procedure 6) Less assets that are not cash or cash equivalents (e.g., physical assets) - (Procedure 7) Less balances that are legally restricted for the funding of an enforceable obligation (net of projected annual revenues available to fund those obligations) - (Procedure 8) Less balances needed to satisfy ROPS for the 2012.13 fiscal year - (Procedure 9) Less the amount of payments made on July 12, 2012 to the County Auditor -Controller as directed by the California Department of Finance Add the amount of any assets transferred to the City for which an enforceable obligation with a third party requiring such transfer and obligating the use of the transferred assets did not exist - (Procedures 2 and 3) Amount to be remitted to County for disbursement to affected taxing agencies 16 (704,300) (13,661) (2,090,874) (1,392,470) 99,195 $ (116,867) ATTACHMENT to Successor Agency Resolution No. 2012-78 Recognized Obligation Payment Schedule (ROPS) For the Period January 1, 2013 to June 30, 2013 (attached) Successor Agency Contact Information Name of Successor Agency: Costa Mesa Redevelopment Agency County: Orange County Primary Contact Name: Primary Contact Title: Address Contact Phone Number: Contact E -Mail Address: Secondary Contact Name: Secondary Contact Title: Secondary Contact Phone Number: Secondary Contact E -Mail Address: 1. Colleen O'Donoghue Assistant Finance Director 77 Fair Drive, Costa Mesa, CA 92626 714-754-5219 colleen odonoohue ancostamesaca gov Bobby Young _ Finance & I.T. Director 714-754 5243 bobby youna�costamesaca aov SUMMARY OF RECOGNIZED OBLIGATION PAYMENT SCHEDULE Filed for the January 1, 2013 to June 30, 2013 Period Name of Successor Agency. Costa Mesa Redevelopment Agency Certification of Oversight Board Chairman: Jim Righeimer Chair Pursuant to Section 34177(m) of the Health and Safety code, Name Title I hereby certify that the above is a true and accurate Recognized Obligation Payment Schedule for the above named agency. Signature Date Total Outstanding Debt or Obligation Outstanding Debt or Obligation $ 21,081,991 Current Period Outstanding Debt or Obligation Six -Month Total A B C D Available Revenues Other Than Anticipated RPTTF Funding Enforceable Obligations Funded with RPTTF Administrative Allowance Funded with RPTTF Total RPTTF Funded B + C = D 0 458,338 125,000 583,338 E F Total Current Period Outstanding Debt or Obligation (A + B + C = E) Should be same amount as BOPS torn six-month total Enter Total Six -Month Anticipated RPTTF Funding Variance (D - E = F) Maximum RP7TFAllow ble should not exceed Total Anticipated RPTTF Funding $ 583,338 583,338 S - Prior Period (January 1, 2012 through June 30, 2012) Estimated vs. Actual Payments (as required in HSC section 34186 (a)) G H 1 J Enter Estimated Obligations Funded by RPTTF (Should be the sane amount as RPTTF approved by Finance, including admin aflowance) Enter Actual Obligations Paid with RPTTF Enter Actual Administrative Expenses Paid with RPTTF Adjustment to Redevelo ment Obligation Retirement Fund G - H + { = J 849,794 600,738 250,000 (944) K Adjustment to RPTTF $ 584,282.00 Certification of Oversight Board Chairman: Jim Righeimer Chair Pursuant to Section 34177(m) of the Health and Safety code, Name Title I hereby certify that the above is a true and accurate Recognized Obligation Payment Schedule for the above named agency. Signature Date Name e!$1xaSSMAgertyc cpSrw MESpREDEVEtOPfAENTpGEN'Y COYpIy. C[TavPrtOWNPR?IEGT AAFA p': SM 9w Appmsl O6 auuR 391E RECOGNII OBLIGATION PAYMENT $CHEOULE CROPS 111) Ir i Tpol TEIal Due Flaldmg Spurce Ou¢tarWhg Ovfig CpnlrsctlAgreemm[ ConbacVAgl2ament DIN., Fttwl Year emtl Deserve Arvnln I[em Pmjec[NamelOebt Obf alun Eaecurwn Oate Terminetbn Oale p e pescnp4aNPm' t$wp e PepiectArea ObOpalim 2012-Y] LMlfii ProceMs Balms AAcrvaace RPTiF ONer $ixManN Tele pend Tobr - 5 31.Od1591 6 3,311,99 S - 5 - 5 - S 125.tC0 9 154130 5 - 4 56 f TnB a<6nnsaen g tambe.'25.3N3 ONEei t. 1plT _ _ ev.ds:sz:pl avnmJ:orJ eEx Lbnnrgn J,1P,G38➢0 - 0902:5.OMM __ pJ.EW seaeremss.2aua oa w. v^eLartRwY fwiA mtsmnrt.+. a.wzl nL,anmem 1 4110.0= 1➢62vG ycT m�d'^^m*ees paexlkima�9xv.na m[m2m2s. Np3 SA6N11 Eye s _ vcm{pYn $pppm 4,100 A11 Cn 9ai XannlBPvnM aVeaortlC prtoCmtlnuM WNosure Pe Rfrviwl Gavibwn 200100 },100L0 2 CvnryP ort TUAEmv Fa R¢Wu(': R¢wltin NOr• a eVdpbnirmuN ¢len poml. 40.110.00 40,00400 2000 Y.0© 39.W0 S vT'ma n� �nPLmw +30.3126 3vLA O aWtrnbatre6N 90A ppamlwel t5.596,g56Ap t, 2.a9,]15.W 4 S:ofwr $epleNilmtY. 1931 5IP�vimeCaRsnM WnN 5ucm'w OwMm+Y g6009O0 CB.00v.fA 1 2+.000 2rtO00 Jar: t.2p5 vno- m:es6W,v 4 OowNown 10.00900 Yp,p3029 S.pCA S.CW M 6,1592 M WaNvn �mXgA' 1u�m m cen x bawnbrm iO,OW.W 36,MOA0 t0.W01 1 IC,p60 5 NMi gM1lnhfv YeLFv[mP yn .Tme>.YN19 pl plruyable bvv"n arse M[pvmant pwmlwm flgM 6am-cL:mb' 13. N92 Al lazlm naalCmsultl ¢veran9 pmntC+'n NOAO 590 G0 1 150 2U Pry -m futslegal Sepmnpm 11.1991 On a Sya6n9Yna pR_vm6 W:m: CmltactAl sellas 2mr mementglnNnx6 pamlewn 500,00 506.00 251 350 6 1911 Ne+Ocn XaelMPM"v w:e 1J. zLW oN Fa'uaeld gesl0N:b1 mxru lewm3lm® Caanpwa 092500.00 894,50000 P:n' emin Caisitl fits f0.1A2 Mahn %ey+e Nam4m FVFal Cmvwl re:evnn fa ®wiN mvmanls Pounluxn 'ea'W.00 2661.00 1,S3G 133+ Prprneese-Legal $ I1,1S1 p0 3tNN9YoaaUMmfl PxP CmharlgEmm smairas re:mlmaar¢nl otcownan6 Ownlem g395.G0 3.335.00 ?058 tb6B 'J FdstTme Nrme rv(FlHfi) Various On m ptlasM lwa mFTH51m tvWse ofe Fmne pEwnloan Prt(N.tvxbf ul0.g M 16,1592 p1 Fmen®I ConsWti ¢mptiawe WN coaenanl5 pamdovm ?501.00 1„10400 ]50 ]� - Cssb-t[ga' SgImIDw11. 1991 p1 Y� G1mµ Rgnx ('grdrap AllmO 2xnkrmmcl olco-renaNS a�gr LYwnmM S.Wo.40 5.00010 25901 2500 e .s::91=F:m.>. aa=aaY.cm vamocnvz<maar9vst an oma= i,,.ae i d pomm.r, 4 mfx-Ival Ssokramr lt, 1941 On om esn9 Yecq Ue6md Wum Crnpacl. maicoreMartemenlaf mvenanL pompf.vn 4.910.Oo1 9fJvle[mpnamrle pe¢mW tY, 1995 On m BIIniIsrM4WJ rter61P 'e -faun mNm I 2455 2455 PgMCmm GmN iilAL pn on vryacsyrsmr: Flrgnval Gnrsvlln nce mYF mvmmis !mincement M,m10mm 13$1500{ 1],515.00 6,]W 8.]52 ItolMemk-Legal $epleMaril.l Al M n Ypvx Gd+m6ParM ConpaG AGp prmuenanls Ocmbxn 49>00 19 11.&4].00 { 5.9u 30 5LJu4nY Naar ,pu¢31. 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FmnNwauf�v6 D- .16 19® tb1 wL<azedIIOnt lµntila..n pcmlmm 2269 e¢�r-Pana 181992 pr Ires:ervarem Fnme"ml Cmssul6n Tcpm�arrce WN mvman6 pawnlwm LOW W 1,Ltl0O0 510 P,gMem:mtmmrtN sePo-amern.1s91 o6 mp :a eww6rman rar6aamm� amwc�rcn! ement orwnnmX pammwn 11=1.11 LG1e.G1 1 .'001 13 PenhIRAaNh6mP Variws 6296&9991 pn Ooi wJhma m=caGa f Lwrn so sap PgevPfraL+tePar Smlentel(1991 M o S4alEg T¢e<wlmNPmP f Lxt Allvne seeric[5 R'¢rdpeemmtolmwnv115 avnM'm 1,$00110 1,500.00 >SO _ 14 m (5 =n%) 21.2001 M 4n0vamRImOm Caelo� paunWm ]5v Pm�mraaa- x wamt?1991 on a emmaaamma aa�w�:e:mrm�mem=rw.enaan ommlom s3w.ec 1.3e1.W 15 M I:HC'aEVCC¢sl on u - own;own 251.10099 250.90.G0 3511 z.600 ® On m c ar�la lima c smrt Pa2mll emz..ve.elw hew o.Plfi Fna:ma pa.1 M.,awm _ Ci of Wpa Maza mq Pemna[m�mu M,p:laM 29.500 29,:2(1 M nl Cora b4za sem.+ I:n.*:loen 23.121 t3,i2d M ormsla Meg aw pam: I 3E3eT On o o(CosG M6e. pwnlaun I 1E.S4 �'`°�v^nT Cn o or COSm Mesa s®xPo Pm �c�yeyyrye Ov.=i kn.m 1 10]N rM Ltl MCnC Mem I 1[0]fi fd.0>d ptlnlrMpyrrve Cpsl-.1N:u' Ey Jwa t>, 3012 Jwef].8113 NTIe NtlSon lTiehl Ev=e tV PieU Mca Hwsi: A�Y1m ly:nwal Rutlit 11]vasi¢wnr 5.6?¢ 5,92°. Rdmi " O50.re CasFOlners On 11Co+nbwn I I I I5.CC9 I $.OW On e G al Wsla F1¢sa { 1]awnl=wn y0 � Wg Gt ar C=zd 0.lesa aft 1 3Y1 16 I I n 18 19 I I m S1 Name Of Seoces90r Agency' COSTAMESAREDEVEWWDTAGENCY County DOWNTOW N PROJECTAREA Pursuant to Health and Safety Code section 35136 (a) PRIOR PERI00 ESTIMATED OBLIGATIONS aa. ACTUAL PAYMENTS RECOGNIZED OBLIGATION PAYMENT SCHEDULE (RC PS 1) January1 2012throu hJpne 30 2012 4 LMIHF Bend Proceeds P.eserve Balance Afmin AllaNaaea Lua.t. RFTiF pU=_- P.pa aaa. Line Pmje Name f cab( Obrmloon Payea Debvrio-u leas �Q RO"set Ajea AdL21 Estima!e A. Estimate gc[I:al Estimate ActUzl Estimate I Actual Grand Total --foal Estimate Actl:al 5 S Is - 5 IS _ g_ 525(1.000 S T2330 S 599.034 S 600, 8 5 P SROPI 1 TA9 Refire 2A03 esko(New Yoh 6oMsiaueJ fv rvniavrs'n "2 Cvrmhvnn BalkofNew Yod Feavl Smirn -gmuW Dovrtliwm ]9.083 78.1388Ca¢aq(ormnsyl ConE'ul lR cwcall" seMces BankafNew Teak (utitram Ca'NaWn- - Downtown ( Lonln4lawwlfi {brtMBLortpxy Adv®r LLC Re Gntinui p"vMslre fte d -Alva Ornvn`awn PaI ROPI Fes 2 C Royenyia- Fee Co N oleretme:amdm esNuxshMan powntown 2,ON 20,0001 18]5 20.000 1ROP 1 Stnda 3 CminalerGuuL"m ernces Na Noffaan. McGam gmmrelnwlIServrcrs Dwmbvn Po1RDPl 4 Pmrthm WWPnebla Li of Ot4b Mesa DIi rttlLwnto esbb eM1 ROA pavntcvm 2.134 7.134 ail - e P RCPI 6as9d COaG Full WCmH Meas-LpeG Funtl Loan hpn C06G brim 'MSRG' Omvntrnm P1ROPI De T Ih+uBFleMPmleq pa west l]es- ,when past Fitld Pr Owm.;axn Conwuce'oncrnlrsct R84becEisl Coeamgln pechlgl w.xll binspllf Min Oaw., 22001 19460 21700 20.259 1 ROPI 85ccc[zmrAg Pomutim Consu SLaninp Yoco Ce2swS FaUM1 5u¢amaAcelwiwmalbn tp Canml' �wnlrnvn Jnns&M Su¢6mr Fo�malionls IConwlbn pawnloum SU,300 64703 KalserMxrmn 8�cv�or en emnv5on CeeeWin Downbwn 31.300 8,168 18,6T4 Pal ROP I o Nel podload 5u6TiraRn MncvHwsc lqt of FUNensn ARoNableM1wsin m h-,Iw aaan[s pownbwm AMwl Greats-CaCLltltg Ke sx Marsm� Fnanoal CoitsWlif rCQwm lianrz WNl rpvenanl5 DcwntOwn 321.353 313.200 Admm al Yoga LaEm4ibIM ConlreEt Sesvit6 re:eil(acaltenf of wvenan2 Dum[awn I lbpdp 26.250 tRep f 10 tsal all Pn'ea F. Faaaar Re9dmtil4 br 'rl poyantmvn 2120C - 21,619 '..cru2Xwsn Aamm Coati-ComMe"ng x er Maawr Pa-icea--mmdaousi�m Financial Cansul4n re win ! rct miry wvenantr 0ovmtavn E7DOwnhuT 1.330 3390 I AtlmM Cosh- I SPadrm9 Tocm CarlevK RaN11 CIXIVdCt Allnm SeNCQS rEQn(OI FnIQnI OfeWenan[4 1 I f,fifH 30,0611 P 1ROP 1 11 FvrtTmetbme a�m•Prvgan(FTH pe`enro barsbFTHD br rUruse nlatwme Oov+Mown AN Cmts-L a an 1—GknM Rauh Contract A!( servkes �ceNomemenl e[mvenantz Oownbwn I ]o P IROP1 1215i�gle FamiYRel¢4limuon Pmpran pererte0laa¢IOM1wncoamcr hr' Oowntmxn 1.952 ALmin Lm6m %ery Narsmn Flmnrlsl ConselE mrn I2nw_wiN fprenan6 Dawnlnv+n ]36 AdinCm91ew1 5' Yocm Cartwnagaum Canbact Atlome sax _enfmcemenf ofwvenaM.s Lbwntaun 355 1ROP1 13 Gvic Cenmreardo OVrvIS NUIF6mS RemN Plv tl poeT(own j 3.x55 MmnCmisLormY' KmvMUslm Feuvmel Covulli re: win liaxcwi8l wverlanp pwmtov.T I Adam Lints -L Strad Yooa CaM1mnB lbuln Conl2cf Allan senses eenlomeeneMof covenan6 Oamtoxn 6,757 7,280 Pot ROP1 14 St Jo Maroc 36 W[ServarRenpl Proay Dc^Mtov<n 5.44M< t.?96 j M cmtscna5 n9 Ke Malsmn FiralCiel Con5Ll6n re"wm lance vith cnv&2ntz pvwnWvn _ AGnun Lost lc SaaaRs Yacm Cad &Raum CanVaq gttomevsmr¢este=shrr¢menl ofccvCndnlS pownlmm 6.49] 1 ROP 15 Cosh Mesavlbge'SRO' 95un15erdv ReKaIP I)Mnto 2971 Ah"uscmv°- xassciValon Financial Cea`wu, re. lancewilh wvenan6 Dmw lmn Ahnirt Cars -L at SeatlSy Yeco C}dmnS Rauh CON2c[Atlom 5¢rvices lexnblGemeM afcwenanls pavntovm 2,380 540 Pal 0.0P1 16 Costa MlezaF VIIlagc lAla9ellJ GrnmdLmsaafR UnHA1uE-Carel Rmlat Pm'ecl ppim[own 2.768 6 Adtw Conutlfing Keysx ma..gnandal CansW' m4anw wM cweiunK posmtewn 3C� Pilatln Casa,Cos6Legd 51aTrg Yva Ca%onfi aauM1 Conl2c[Allome se w 2en(orcemenla(covttants Cownh.-wry i50 P IROPI 1 RenIaIRWNilallon pe.— ka�e.b ownaolmW-6mpv allies Ocwntiwn 250 ,wmin Cozu-Le Slrzofug Yacm CaLsm&RUM I.--. savkM te:enhrtcmenl vfcwera�ts prnvmasvrt Poi ROPI t9 Xzmat(orHuneMyjS E) UrderxmtelaNmpcmba D's'mbuol j 1 750 Amain Ws¢ -Legal SrcadFilg Yaca Lail na Raull� Conlraq gnome seivm re'eMorcsmen{olarienanla Drnvnlown P ]ROFI _11 Admin Cos¢ ItPayroll drN 011ier Atlmin Losts Dwmtown - 2.650 PagNf Line Project Name/Debt Ob4gat a Payee LMFHF Bond Pfc -ds Resene'Bataam Admin All..2 RPT. Actual Estimate I Attire: Other 'ay.te^ ActVal sumxw a Pe.mme [magiwre: afCosa Mssa - '` -- - - 16Au55 19E.606 Oer aeMzx OYxpr' CS of Cusp Mea Su:c� ��eMwsea DawTbm� 1 Eca.Grc Se[re6 NCmfaMW Sycxixu enw DOWbtawn I NCmpNW maxeryan Fme,mw paW�rtown ua mlara GIVrtOssp Alga' sailor' PamiM bmiawm D�wnlown AbiagmenlM of Cre6Mesa $vca:u omtleum�Mwrt: d'wnYuwn I Mn m cFCnxddlsa 4u¢ex mrPq perseimtl ErputlWa ooWnfOWll 3 ROP1 2 erA.mnxeo-ww Frcenme.r7''o0.9M '51592 hmuren Smim> +' :.. af.Cac`a laW'.:.- ArmunBM. rt4uW. NC030 Ale RSmim... Dwm[mm 1e9a15axtex 0(COSh NeSa al5nrwc .. CO1VnMWiI �'. CmsuS SaNm � ofC¢sta Ak_ rniwl ^.arvkea. . .. '. Downtown Ca eASwlax CMofCpsb Nem CevilSwa. ..-. '- Rrs -e rs- CINofCmtaMW Pmb3etlre5es Dy4n De'tlnwwnwn isnti cosss a1T% an nJwaanerol umaOrsnM 1ScuNm Ytli(at. WaaRwN enolrs voenmvm ..