20110824 Late CorrespondenceName of Redevelopment Agency:
Project Area(s)
Rancho Palos Verdes Redevelopment Agency
Project Area NO.1
ENFORCEABLE OBLIGATION PAYMENT SCH
Per AS 26 -Section 34167 and 34169
:RECEIVED FROM lx/wi'S 11/1 <':--/.-C-GCYl t
I:~:~~E A PART OF THE RECilD AT TH
MEETING OF ~cJ.:Mil I
OFFICE OF THEY CLERK
CARLA MORREALE.CITY CLERK
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Exhibit A
Total Outstanding Payments bv MonthDebtorTotalDueDuring
Project Name I Debt Obliaation Payee Description Obliaation Fiscal Year Aug Sept Oct Nov Dec Total
Restructured debt to abate active landslides
1\1997 Tax Increment Bond County of Los Angeles within the Project Area 5,165,000.00 355,750.00 0.00 0.00 0.00 0.00 229,125.00 $229,125.00
Accrued interest on original debt to abate
2 1997 Deferred Interest Debt County of Los Angeles active landslides in the Project Area 798,601.47 TBD(1 0.00 0.00 0.00 0.00 TBD(1 $-
3\Consolidated Loan from City
Loan from City to abate active landslides in the
City of Rancho Palos Verdes Project Area 18,568,185.88 0.00 0.00 0.00 0.00 0.00 0.00 $-
Tax Sharing Agreement for Fire Los Angeles County Fire
4)Protection Protection District Fire protection services N/A TBD(2 TBD(2}TBD(2 TBD(2 TBD(2 TBD(2 $
51 Property Tax Administration Fees County of Los Angeles Administration of the property tax increment N/A TBD(3 0.00 0.00 0.00 0.00 TBD(3 $-
6 Contract for Audit Diehl,Evans &Co.,LLP Independent audit of financial statements 9,400.00 9,400.00 0.00 3,133.33 3,133.33 3,133.34 0.00 $9,400.00
Abalone Cove Landslide Property assessment for parcels owned by
71 Abalone Cove Property Assessment Abatemenl District Agency 0.00 7,008.41 0.00 0.00 0.00 0.00 0.00 $-
Klondike Canyon Landslide Property assessment for parcels owned by
8 Klondike Canyon Property Assessment Abatement District Agency 0.00 10,967.72 0.00 0.00 0.00 0.00 0.00 $-
Richards,Watson &
9 Contract for Agency Attorney Gershon Legal services N/A 10,000.00 833.33 833.33 833.33 833.33 833.33 $4,166.65
City of Rancho Palos Verdes Loan 10 RDA Housing Fund that was loaned to
10 AMCAL Affordable Housing Project Affordable Housing Fund AMCAL to fund project construction costs 1,766,368.00 0.00 0.00 0.00 0.00 0.00 0.00 $
11 $
12 $-
13 $
14 $
15 $
16 $-
17 $
18 $
19 $-
20 $
21 $
22 $
23 $
24 $
25 $
26 $
27 $
28 $
29 $
30)$
Totals 1$26,307,555.3511s 393,126.1311 $833.3311 $3,966.6611 $3,966.6611 $3,966.6711 $229,958.331 $242,691.65
(1)To Be Determined -The County of Los Angeles impounds Agency tax increment to repay the debt to the County.Each December 2nd,after making the scheduled Tax Increment Bond payments,the remaining amount of
impounded tax increment is applied to the Deferred Interest Debt.
(2)To Be Determined -The Tax Sharing Agreement stipulates that 17%of gross tax increment is to be passed thru to the County Fire Protection District.
(3)To Be Determined -Property Tax Administration Fees are determined by the County of Los Angeles.The Agency typically receives notice of the fee amount in December of each year.
Resolution No.RDA2011-13
Exhibit A