ROPS 12-13B DetailName of Successor Agency:City of Rosemead
County:Los Angeles Oversight Board Approval Date:
Item #Project Name / Debt Obligation
Contract/Agreement
Execution Date
Contract/Agreement
Termination Date Payee Description/Project Scope LMIHF
Bond
Proceeds
Reserve
Balance
Admin
Allowance RPTTF Other Six-Month Total
91,519,158$ 11,863,405$ 229,406$ -$ -$ 126,345$ 1,315,444$ -$ 1,671,195$
1 2006A Tax Increment Bonds 2/23/2006 10/1/2022 US Bank Tax Increment Bond Debt Service Merged 9,415,162.60 1,333,206.26 176,578 176,578
2 2006B Tax Increment Bonds 12/21/2006 10/1/2033 US Bank Tax Increment Bond Debt Service Merged 38,695,716.42 1,110,048.76 514,068 514,068
3 2010 Tax Increment Bonds 6/29/2010 12/1/2023 US Bank Tax Increment Bond Debt Service Merged 13,330,150.06 666,793.76 220,647 220,647
4 Continuing Disclosure on Bonds 6/1/2008 Ongoing Urban Futures Continuing Disclosure service for 2006A, 2006B and 2010 Bonds Merged 104,000.00 5,200.00 -
5 State Controllers' Report 4/12/2011 6/30/2016 RAMS Preperation of Annual Report Merged 4,000.00 1,000.00 1,000 1,000
6 Bond Trustee Fees 2/23/2006 10/1/2033 US Bank Banking fees related to the 2006A, B and 2010 Bonds Merged 40,280.00 2,014.00 2,014 2,014
7 Annual Audit 4/12/2011 6/30/2016 RAMS Annual audit services Merged 32,304.00 8,076 8,076 8,076
8 Finance System 3/28/2011 4/1/2016 Bank of the West Lease Obligation for finance system Merged 46,400.00 11,600 5,800 5,800
9 Statement of Indebtedness 5/6/2011 Ongoing Redevelopment Reporting SolutionsPreperation of Annual Report Merged 20,000.00 1,000 -
10 Arbitrage Calculations 7/11/2001 Ongoing Willdan Preperation of arbitrage rebate calculation Merged 82,000.00 4,100 4,100 4,100
11 Property Tax Audits/Monitoring 6/13/2007 Ongoing HDL Monitor property tax collections and appeals to ensure bond coverageMerged 252,000.00 12,600 3,150 3,150
12 Rosemead Community Ctr. Parking Lot 4/19/2011 6/30/2011 Boghossian Engineering Community center parking lot design Merged 13,670.00 13,670 -
13 Rosemead Community Ctr. Parking Lot 8/10/2011 3/31/2012 Willdan Material testing for parking lot engineering Merged 12,720.00 12,720 -
14 Zapopan Park Improvements ADA accessibility & additional parking Merged 1,050,000.00 1,050,000 -
15 Rosemead Park Improvements ADA accessibility improvements Merged 280,000.00 280,000 -
16 Rosemead Community Ctr. Parking Lot ADA accessibility, teen center & outdoor space Merged 4,000,000.00 4,000,000 -
17 New Park at Rush & Walnut Grove Community infrastructure improvements Merged 500,000.00 500,000 -
18 Sewer System Expansion Sewer main replacement/upgrade on Garvey Ave.Merged 750,000.00 750,000 -
19 Employee Overhead Costs City of Rosemead Administrative costs (staffing, audits, legal, supplies, etc.)Merged 4,419,016.00 204,410 102,205 102,205
20 Valley Blvd. Street Improvements Infrastructure improvements - Downtown Corridor Merged 250,000.00 250,000 -
21 Rosemead Park Turf Renovations Community infrastructure improvements Merged 784,000.00 784,000 -
22 Senior Housing Land Lease - Angelus 8/13/2002 Not less than 55 years Rosemead Housind Development CorporationCost of annual land lease for property Merged 2,553,600.00 91,200 45,600 45,600
23 Senior Housing Operations Overhead - Angelus 8/13/2002 Not less than 55 years Rosemead Housind Development CorporationCost of annual operations and overhead subsidy Merged 3,166,800.00 113,100 56,550 56,550
24 Senior Housing Shorfall Subsidy - Angelus 8/13/2002 Not less than 55 years Rosemead Housind Development CorporationCost to cover shortfall between rents and operations/maintenanceMerged 459,340.00 16,405 8,202 8,202
25 Senior Housing Land Lease - Garvey 8/13/2002 Not less than 55 years Rosemead Housind Development CorporationCost of annual land lease for property Merged 4,202,783.31 92,200 46,099 46,099
26 Senior Housing Operations Overhead - Garvey 8/13/2002 Not less than 55 years Rosemead Housind Development CorporationCost of annual operations and overhead subsidy Merged 5,155,475.00 113,100 56,550 56,550
27 Senior Housing Shorfall Subsidy - Garvey 8/13/2002 Not less than 55 years Rosemead Housind Development CorporationCost to cover shortfall between rents and operations/maintenanceMerged 1,495,589.19 32,810 16,405 16,405
28 Bond Payment Reserve US Bank Debt service funding shortfall from the July - December 2013 ROPSMerged 404,151.44 404,151 404,151 404,151
29 -
30 -
31 -
32 -
33 -
August 13, 2012
RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS III)
January 1, 2013 through June 30, 2013
Grand Total
Project Area
Total
Outstanding
Debt or
Obligation
Funding Source
Total Due During
Fiscal Year
2012-13