ROPS 11-12BName of Redevelopment Agency:Rosemead Community Development Commisson Page 1 of 1 Pages
Project Area(s)Merged Project Areas
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Per AB 26 - Section 34167 and 34169 (*)
Project Name / Debt Obligation Payee Description Category Funding Source Jan Feb Mar Apr May June Total
1)2006A Tax Increment Bonds US Bank Tax Increment Bond Debt Service 1 - Bonds Redevelopment Property Tax Trust Fund 11,906,834.49 1,333,206.26 193,485.63 193,485.63$
2)2006B Tax Increment Bonds US Bank Tax Increment Bond Debt Service 1 - Bonds Redevelopment Property Tax Trust Fund 40,403,520.81 1,110,048.76 515,468.63 515,468.63$
3)2010 Tax Increment Bonds US Bank Tax Increment Bond Debt Service 1 - Bonds Redevelopment Property Tax Trust Fund 15,213,737.58 666,793.76 231,896.88 231,896.88$
4)Continuing Discolsure on Bonds Urban Futures Continuing discolure service for 2006A, 2006B and 2010A Bonds 8 - Contracts or Agreements for continued operation Administrative Cost Allowance 109,200.00 5,200.00 5,200.00 5,200.00$
5)State Contollers' Report RAMS Preperation of annual report 8 - Contracts or Agreements for continued operation Administrative Cost Allowance 21,000.00 1,000.00 1,000.00 1,000.00$
6)Bond Trustee Fees US Bank Banking fees related to the 2006A, B and 2010A Bonds 8 - Contracts or Agreements for continued operation Administrative Cost Allowance 42,294.00 2,014.00 2,014.00 2,014.00$
7)Annual Audit RAMS Annual audit services 8 - Contracts or Agreements for continued operation Administrative Cost Allowance 169,596.00 8,076.00 8,076.00 8,076.00$
8)Finance System Bank of the West Lease Obligaton for Finance System 8 - Contracts or Agreements for continued operation Administrative Cost Allowance 47,400.00 11,600.00 966.67 966.67 966.67 966.67 966.67 966.67 5,800.02$
9)Statement of Indebtedness Redevelopment Reporting Solutions Preperation of annual report 8 - Contracts or Agreements for continued operation Administrative Cost Allowance 21,000.00 1,000.00 -$
10)Arbitrage Calculations Willdan Preperation of Arbitrage Rebate Calculation 8 - Contracts or Agreements for continued operation Administrative Cost Allowance 86,100.00 4,100.00 4,100.00 4,100.00$
11)Property Tax Audits/Monitoring HDL Monitor Property Tax Collections & Appeals to ensure Bond Coverage 8 - Contracts or Agreements for continued operation Administrative Cost Allowance 264,600.00 12,600.00 3,150.00 3,150.00 6,300.00$
12)Rosemead Community Center Parking Lot Boghossian Engineering Community Center parking lot design 7 - Agreements or related obligations Bond Proceeds 13,670.00 13,670.00 -$
13)Rosemead Community Center Parking Lot Willdan Material Testing for parking lot engineering 7 - Agreements or related obligations Bond Proceeds 12,720.00 12,720.00 -$
14)Zapopan Park Improvements ADA accessibility & additional parking 7 - Agreements or related obligations Bond Proceeds 1,050,000.00 1,050,000.00 -$
15)Rosemead Park Improvements ADA accessibility improvements 7 - Agreements or related obligations Bond Proceeds 280,000.00 280,000.00 -$
16)Rosemead Community Center & Public Plaza Expansion ADA accessibility, teen center & outdoor plaza 7 - Agreements or related obligations Bond Proceeds 4,000,000.00 4,000,000.00 -$
17)New Park at Rush and Walnut Grove Community Infrastructure Improvement 7 - Agreements or related obligations Bond Proceeds 500,000.00 500,000.00 -$
18)Sewer System Expansion Sewer Main Replacement/Upgrade on Garvey Ave.7 - Agreements or related obligations Bond Proceeds 750,000.00 750,000.00 -$
19)Employee/Overhead Costs Successor Agency - City of Rosemead Administrative Costs (Staffing, audits, legal, supplies, etc.)4 - Salaries & Benefits, 8 - Contracts or Agreements for continued operations Administrative Cost Allowance 4,292,610.00 204,410.00 92,854.00 17,034.17 17,034.17 17,034.17 17,034.17 17,034.17 178,024.85$
20)Valley Blvd Street Improvements Infrastructure Improvement - Downtown Corridor 7 - Agreements or related obligations Bond Proceeds 250,000.00 250,000.00 -$
21)Rosemead Park Turf Renovations Community Infrastructure Improvement 7 - Agreements or related obligations Bond Proceeds 784,000.00 784,000.00 -$
22)Senior Housing Land Lease - Angelus Rosemead Housing Development Corp.Cost of annual land lease for property 7 - Agreements or related obligations Low and Moderate Income Housing Fund 2,553,600.00 91,200.00 7,600.00 7,600.00 7,600.00 7,600.00 7,600.00 7,600.00 45,600.00$
23)Senior Housing Operations/Overhead - Angelus Rosemead Housing Development Corp.Cost of annual operations and overhead subsidy provide by City 7 - Agreements or related obligations Low and Moderate Income Housing Fund 3,166,800.00 113,100.00 9,425.00 9,425.00 9,425.00 9,425.00 9,425.00 9,425.00 56,550.00$
24)Senior Housing Shortfall Subsidy - Angelus Rosemead Housing Development Corp.Cost to cover shortfall between rents and operations/maintenance 7 - Agreements or related obligations Low and Moderate Income Housing Fund 459,340.00 16,405.00 1,367.08 1,367.08 1,367.08 1,367.08 1,367.08 1,367.08 8,202.48$
25)Senior Housing Land Lease - Garvey Rosemead Housing Development Corp.Cost of annual land lease for property 7 - Agreements or related obligations Low and Moderate Income Housing Fund 4,202,783.31 92,200.00 7,683.33 7,683.33 7,683.33 7,683.33 7,683.33 7,683.33 46,099.98$
26)Senior Housing Operations/Overhead - Garvey Rosemead Housing Development Corp.Cost of annual operations and overhead subsidy provide by City 7 - Agreements or related obligations Low and Moderate Income Housing Fund 5,155,475.00 113,100.00 9,425.00 9,425.00 9,425.00 9,425.00 9,425.00 9,425.00 56,550.00$
27)Senior Housing Shortfall Subsidy - Garvey Rosemead Housing Development Corp.Cost to cover shortfall between rents and operations/maintenance*7 - Agreements or related obligations Low and Moderate Income Housing Fund 1,495,589.19 32,810.00 2,734.17 2,734.17 2,734.17 2,734.17 2,734.17 2,734.17 16,405.02$
28)Chamber Operating Agreement Rosemead Chamber of Commerce Operating agreement with the Chamber of Commerce 7 - Agreements or related obligations Redevelopment Property Tax Trust Fund 48,000.00 28,000.00 4,000.00 4,000.00$
29)Housing Agency Staffing Successor Agency - City of Rosemead Administrative Costs (Staffing, audits, legal, supplies, etc.)4 - Salaries & Benefits, 8 - Contracts or Agreements for continued operations Low and Moderate Income Housing Fund 715,600.00 715,600.00 21,225.00 21,225.00$
30)
31)
32)-$
Totals - This Page 98,015,470.38$ 12,202,853.78$ 157,280.25$ 56,235.42$ 56,235.42$ 768,339.68$ 59,249.42$ 308,658.30$ 1,405,998.49$
Total Redevelopment Property Tax Trust Fund -$ 3,138,048.78$ -$ -$ -$ -$ -$ -$
Total Administrative Cost Allowance -$ 250,000.00$ -$ -$ -$ -$ -$ -$
Total Bond Proceeds -$ 7,640,390.00$ -$ -$ -$ -$ -$ -$
Total Low and Moderate Income Housing Fund -$ 1,174,415.00$ -$ -$ -$ -$ -$ -$
This Enforceable Obligation Payment Schedule (EOPS) is to be adopted by the Oversight Board and approved by the State Department of Finance.
Include only payments to be made after February 1, 2012 and prior to June 30, 2012.
* These figures are estimated based upon 2010-11 actual figures. The agreement states the tax increment fund must offset an shortfalls due to necessary maintenance and overhead costs.
Total Outstanding
Debt or Obligation
Payments by monthTotal Due During
Fiscal Year