Recognized Obligation Payment Schedule (ROPS 14-15A) - Summary Filed for the July 1, 2014 through December 31, 2014 Period

Name of Successor Agency: ~ln~l~a~n~d~V~a~lI~eLY ________________________________________ _

Name of County: San Bernardino ~~~~~------------------------------------

Current Period Requested Funding for Outstanding Debt or Obligation

Enforceable Obligations Funded with Non-Redevelopment Property Tax Trust Fund (RPTTF) Funding A Sources (B+C+D):

B Bond Proceeds Funding (ROPS Detail)

C Reserve Balance Funding (ROPS Detail)

D Other Funding (ROPS Detail)

E Enforceable Obligations Funded with RPTTF Funding (F+G):

F Non-Administrative Costs (ROPS Detail)

G Administrative Costs (ROPS Detail)

H Current Period Enforceable Obligations (A+E):

Successor Agency Self-Reported Prior Period Adjustment to Current Period RPTTF Requested Funding

Enforceable Obligations funded with RPTTF (E):

J Less Prior Period Adjustment (Report of Prior Period Adjustments Column S)

K Adjusted Current Period RPTTF Requested Funding (I-J)

County Auditor Controller Reported Prior Period Adjustment to Current Period RPTTF Requested Funding

L Enforceable Obligations funded with RPTTF (E):

M Less Prior Period Adjustment (Report of Prior Period Adjustments Column AA)

N Adjusted Current Period RPTTF Requested Funding (L-M)

Certification of Oversight Board Chairman: Pursuant to Section 34177(m) of the Health and Safety code, I hereby certify that the above is a true and accurate Recognized Obligation Payment Schedule for the above named agency.

Michael Burrows, Vice Chairman

Six-Month Total

$ 30,294,051

30,254,051

40,000

$ 26,418,209

25,923,209

495,000

$ 56,712,260

26,418,209

(0)

$ 26,418,209

26,418,209

26,418,209

Title

3-Mar-14

Date

A B C o E F

Recognized Obligation Payment Schedule (ROPS) 14-15A - ROPS Detail July 1, 2014 through December 31, 2014

(Report Amounts in V\Itlo!e Donars)

G H J K L M

Fundino Source

~ ~~.e;~ Tax Trust Fund

N o p

RFTIF

~~~~F;~~~~~~~~~~~~1i~~~~~~~~~~~~~~~~F==I~~~~~~~~==~~~~~=1~T~o~,al~~~iii~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~1 lIem # Prolec!l'ame IOebl Ii ii, Type , Dale , Dale Payee i I Scope 0, ' Deblor Ii i Retired Bond Reserve Balance Olher Funds~, Admin i I

I $ 1,048,425,206 $ $ $ ~ Bonds ,611 /2011 1411 /2041 US Bank IBonded I IIVDA N

2011 TABs- Series B (47M) ~~/~~:'0 '611 /20 11 1411 /204 1 I US Bank I Bonded I IIVDA N 998,750 • l:7sC

2011TABs - Senes C (SaM) ~~/~~:'0 611 /2011 141112041 I I US Bank I Bonded I I'VDA N $ " 125,OOC

F=mrs,:~rtT~::::ni l ;~;;; I ~'4 :~MB Group :rOUPA: i~~;~~~ ~ m:~~ 10r ,rm _oan6M) i I Loans ;MB I 'roup II I IIVDA N 135,000 ~

:MB 'holiTerm _oan 40M i I Loans 311 /2010 1411/2016 ; MB I ,roup IV IIVDA 44331,507 N 1,000...2221-10 :MB 'hortTerm Loan (4M) i I Loans 911/2010 111112017 ; MB I 'roup V IIVDA 4,577,931 N ~

11 SBVMWD i ii ",«u , 10/112015 ;eVailey i. " IWaler I ~' ~~~~:~e ' _,' FY200B/091VDA N

12 ' Bros, I Staler i I Loans 4/8/201 1

191Transition Cost Ii"

, Bond 2011 I

461 1-1 ' Avenue I

47 1 ~1:~~ 1- 3rd and 5th

52 1'VDA Joinl Powers Aulhority (JPA)

uclure

uciure i II

531 2014 Tax Allocation Bond and EB-5 B2o/n3d,s/'0 Refinancing

541ROPS 13-14B Shortpaymenl

56 12014 Tax Allocation " . I Bonds Refinancing Costs of I Issuance

57 ! Perris c ampus Plaza, LLC

RPTIF Shortfall

Bonds

on

4/2811992 611 /201 2

611 12011

1111212008

112411 990

611 120 11

10

6/912011

6/912011

14/8/2015

'.'

1612812014

1'11'2120'5

131112014

I Staler Bros, Markets ITenanl '" ; - BUilding 747 I'VDA

ISBIANSBA~ IAirl I ~~~n_"!. of SB, i 1 Cosl' I SBCE-RA (retirement pay 10ffS)

I I US Bank I Bonded I

, Avenue I

,City of Highland 13rd & 5th Sireel "e

I ~ase Reuse Joinl

'D."~ ~"'D ' D" A' ",A-N~:;'~~ ~~~.~. ' I ... ... ' ...... . " "" '-',., ... '":L> - " ~:-:'~" " pnor to

I , Bond 13-148 RPTIF Short payments holders/US Bank. SAN BAG

I i Bank I Bonded I

l~oSI OI.lSs~ance 0: 2014 Tax: Refunding Bonds Series A & B

. 'I ' ITax Increment Reimbursement

I'VDA

IIVDA

IIVDA I'VDA

I'VDA

IIVDA

IIVDA

IIVDA

I'VDA

i I'VDA

IIVDA

617,'1<

6,408,784

500,000

218,294

N

N N

N

N

N

N

N

N

N

617,917

801,098

100,00C

1,489,89'

500,00<

40,000 40,000

$

$ $

$

495,000 $ $

$

$

$

$

$

$

$

,OOC

801,098

100,000

495,000 1,500,000

21 ,329,051

1,489,893

7,221,000

500,000

80,000

Recognized Obligation Payment Schedule (ROPS) 14-15A - Report of Cash Balances (Report Amounts in Whole Dollars)

Pursuant to Health and Safety Code section 34177(1), Redevelopment Property Tax Trust Fund (RPTTF) may be listed as a source of payment on the Ra p S, but only to the extent no other funding source is available or when payment from property tax revenues is required by an enforceable obligation.

A B C D E F G H I

Fund Sources

Bond Proceeds Reserve Balance Other RPTTF

Prior RapS RPTTF

Bonds Issued Bonds Issued Prior RapS period distributed as Rent, on or before on or after balances and DDR reserve for next Grants, Non-Admin and

Cash Balance Information by ROPS Period 12/31/10 01/01/1 1 balances retained bond payment Interest, Etc. Admin Comments

ROPS 13-14A Actuals (07101/13 - 12/31/13)

1 Beginning Available Cash Balance (Actual 07101113) Note that for the RPTTF, 1 + 2 should tie to columns J and a in the Report of Prior Period Adjustments (PPAs) - - -

2 Revenuellncome (Actual 12/31/13) Note that the RPTTF amounts should tie to the RapS 13-14A distribution from the County Auditor-Controller during June 2013 10,566,543

3 Expenditures for ROPS 13-14A Enforceable Obligations (Actual 12/31/13) Note that for the RPTTF, 3 + 4 should tie to columns L and Q in the Report

10,566,543 4 Retention of Available Cash Balance (Actual 12/31113)

Note that the RPTTF amount should on ly include the retention of reserves for debt service approved in RapS 13-1 4A -

5 ROPS 13-14A RPTTF Prior Period Adjustment Note that the RPTTF amount should tie to column S in the Report of PPAs. No entry required

0 6 Ending Actual Available Cash Balance

C to G = (1 + 2 - 3 - 4), H = (1 + 2 - 3 - 4 - 5) $ - $ - $ - $ - $ - $ 0

ROPS 13-14B Estimate (01/01/14 - 06/30/14) 7 Beginning Available Cash Balance (Actual 01/01/14)

(C, D, E, G = 4 + 6, F = H4 + F4 + F6, and H = 5 + 6) $ - $ - $ - $ - $ - $ 0 8 Revenue/Income (Estimate 06/30/14)

Note that the RPTTF amounts shou ld tie to the RapS 13-14B distribution from the County Auditor-Controller durinq January 2014 10,353,898

9 Expenditures for 13-14B Enforceable Obligations (Estimate 06/30/14)

10,353,898 10 Retention of Available Cash Balance (Estimate 06/30/1 4)

Note that the RPTTF amounts may include the retention of reserves for debt service approved in RapS 13-148 -

11 Ending Estimated Available Cash Balance (7 + 8 - 9 -10) $ $ $ $ $ $ 0 - - - - -

Recognlled Obliga tion Payment Sche dule IROPS)14·I!5A _ Report of Prio r Period AdJultme nts Re ported for the RepS 13·14A (Ju ly I , 2013 throu{/h Decembe~ 31, 20.1 ~~.1 11 10 I I Code (HSC) section 34 186 (a)

I r 1 I

~O~S Prior Period AdjustmentlIPPA}?ufsu~lntto HSC Se<:1ion 34186 (.). $AS are required 10 re ponthe differences be tween their .clual available funding and their .ctual expenditure s fO( the Re pS 13-H A (July through [)e(:ember 201 3) period. The amount of ~. CAC. ~-~e~~:~~r~ ~e CAC upon slIbmillal of IhIo ROPS H · I5A bv lhe8s:.~n"~"I~·~ihe

I formulas . 1 the line i\l:m le'o'fll JlUIJllant 10 the .. , i ,~ . 14.15A (July through Oecember 2014) period will be offset bv the SA'I self·reported RepS 13-14A prior pel'iod adjustment. HSC Section 34186 {., . Iso speciliesih.t ihe prior period 'djuslme(lls self-reponed bv SAs are $ubjectlo audit b:

I be Nsltd .1 the ~ne lIem level and I

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'PTTFI i R ' TTFI

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o~~~~~~lln PPA ."

{ U .. d to ,iw'"" .... ,,' ,tROPS1 ' ·I5A

00 ".,,- ... , ,- '" Aull • .,.. Av.labl. Otn . .......

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"' tot.! dlrr ... n« I • Nol ~::;n<o A':.~:' " ." " .. A"~a~~Od l -, "~ ' ''" .. 110m. o.bt I , AOl\lol .. .. " .. A<Iu. 1 ,

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Recognize d Obligation Payment Sehedule IROPSI1 ' -1SA. Repon of Prior Period Adjustments Repoo1ed for the ROPS 13. I.A (July 1.2013 Ihrough Deeembe~ 31: : . Purluant 10 Health and Safely Code (HSC) se<:llon 34 186 (a) , ;

~O~~ . ~.~ (;(I~eled by thl CAC upon lubmittal oftht ROP~ ~~!~o ~e I ROPS U ·UA Sueeenor Prior Period . t {PPAP.uf$uant to HSC Section 3.186 (a). SA. are required to report the differencel between their actual availabte lun(liog and their aetual expeoditure$ for the ROPS 13·14A (July through Deeember 20t3) period, Th~t ~~:~i~ ~ ~.~_~~~~ . ·11 enler their own formulas 81 the line Ilem 1111&1 ~~~~~ti ~ -th-e ~~~n·e~i~'~!~.t~e , ) 14·15A (jul~ through December 20 14) period .....,1t be offset by thl SA·, sel '·reported ROPS 13_14A prior period adjus tment. HSC SecUon 34186 (a) also specifie s thai the prior period adjus tmen ts lelf·reported by SAS are subjeet to audit 1 ca le~lal' the PPA. Al.o note I t nlld 10 be li sted I I the Ii I , I ",d<

• , 0 • , 0 " , , , ,

" " 0 , 0 , • , " , w , y , AA .. i RmFi

NIICAC Non· N.I .... Non.JI.d .... n Admin ond Admin

ond Admin PP ... '" ,"'m01JnI U .. d 10

0O, " .. ",.,- "." C:~~~~.ROPS 10·15'"

'M.'."'" ,_C>, ""''''''''''''

"'¥AIt.bt. AnllltM Dill.,.n ••

RPnf RPnf 1'1 totol 1<1U11 (ROPS I3-UA 1lItI. 'I .... IROPS 13-1 .... • • ~"d. toUl

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1 , '._.m 1 • Il.lOI,m ".'~.'" " .... ". 12.1 34,078 I. ~.~. ~.~. ~.~. "'.~. .. .,,?~~ . :.M' -~,; ..

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Item # Notes/Comments

Recognized Obligation Payment Schedule 14-15A - Notes July 1, 2014 through December 31,2014

1through1Q ROPS items assumes no refinancing on existing debt.

--

11 & 12 Early ~tirement of obligations, if refinancing on 2011 TASS and eMS takes place.

_ 46 Per final sett lem ent agreement with DOF dated February 21, 2014.

47 Per final settlement agreement with DOF dated £ ebruary 21, 2014:..:.. __ _

21 The payment is pursuant to the terms of the 1990 Joint Powers Agreement and a subsequent settlement agreement with DOF dated February 21, 2014. 54There was a shortfall in 13-14B RPTTF payment from the County due to error in calculation of passthroughs by the County. IVDA didn't pay certain obligation in ROPS 13-

14B and are outstanding and will be paid in ROPS 14-15A period. __ __ __ __ The Successor Agency for the City of San Bernardino Redevelopment Agency provided the 6/4/07 agreement which has been previously included on the City of SB ROPS;

57 The subject agreement is for affected property within the IVDA Project area.

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