11-01-2011 CC RPT 24 - Laserfiche WebLink

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Name of Redevelopment Agency: Redevelopment Agency for the City of Riverside Project Area(s) Arlington, Casa Blanca, Magnolia Center, Univ Corr /Syc Cyn, Downtown /Airport /H P, and La Sierra /Arlanza ENFORCEABLE OBLIGATION PAYMENT SCHEDULE Per AB 26 - Section 34167 and 34169 ( *) Exhibit A Page 2 of 9 Pages 24 -4 Project Name / Debt Obligation Payee Description Total Outstanding Debt or Obligation Total Due During Fiscal Year Payments by month Aug" Sept Oct Nov Dec Total 1) HELP Loan California Housing Finance Agency Loan for housing project 351,692.00 263,769.00 263,769.00 $ 263,769.00 2) University Village Loan The Bank of Mellon New York HUD 108 Loan 1,930,436.55 359,133.50 329,603.75 $ 329,603.75 3) Mission Village Loan The Bank of Mellon New York HUD 108 Loan 2,989,546.50 319,815.00 292,778.50 $ 292,778.50 4) Breezewood Capmark Bank Loan for housing project 2,496,000.00 312,000.00 192,000.00 $ 192,000.00 5) SERAF Loan Low -Mod Housing Fund State Mandated Payment 20,571,233.00 $ - 6) City loan guarantee entered into March 2, 2010 City of Riverside Recovery Zone Facility Bond for Hyatt Hotel DDA with MetroRiverside LLC 42,947,866.42 0.00 0.00 0.00 0.00 0.00 0.00 $ 7) LM CB- Residential Rehab Loan Riverside Housing Development Corp Loans for owner- occupied single family properties pending contracts 44,150.00 44,150.00 $ 8) LM CB- Residential Rehab Loan Riverside Housing Development Corp Loans for owner- occupied single family properties under contract 177,337.00 177,337.00 29,550.00 29,550.00 29,550.00 29,550.001 29,550.00 $ 147,750.00 9) LM Univ -Down Payment Assistance Multiple First -time Homebuyers Gap financing for property acquisitions 392,500.00 392,500.00 $ - 10) LM Univ- Targets of Opportunity Housing Authority Acquisition /Rehab of foreclosed properties 12,660.07 12,660.07 $ 11) LM Univ- Vintage at Snowberry Sr Apts USA Properties Development of 224 affordable senior apartment units 899,378.00 899,378.00 $ 12) LM Univ - Northside Housing Rehab Program Riverside Housing Development Corp Loans for owner- occupied single family properties pending contracts 354,000.00 354,000.00 $ - 13) LM Univ - Northside Housing Rehab Program Riverside Housing Development Corp Loans for owner- occupied single family properties under contract 46,000.00 46,000.00 11,500.00 11,500.001 11,500.00 11,500.00 $ 46,000.00 14) LM Dwntwn- Indiana Avenue Apartments Riverside Housing Development Corp Maintenance and repairs of occupied residental property 2,443.66 2,443.66 $ - 15) LM Dwntwn -Lime St Home Ownership Proj Multiple Vendors include but not limited to Housing Authority and Exclusive Recove Demoltion of substandard residental buildings 80,465.84 80,465.84 $ 16) LM Dwntwn -1705 and 1733 7th St Apts Multiple Vendors include but not limited to Housing Authority and National CORE Maintenance and repairs 74,985.00 74,985.00 $ - 17) LM LS- Citywide Housing Rehabilitation Riverside Housing Development Corp Loans and grants for single family properties 156,993.34 156,993.34 31,398.00 31,398.00 31,398.00 31,398.00 31,398.00 $ 156,990.00 18) LM LS -Moose Lodge SF Dev Multiple Vendors include but not limited to Exclusive Recovery Maintenance of Land Held for Resale 199,732.00 199,732.00 $ - 19) LM LS -Down Payment Assist- LS /Arl Multiple First -time Homebuyers Gap financing for property acquisitions 305,000.00 305,000.00 $ 20) LM LS- Targets of Opportunity -LS /Ariz Housing Authority Acquisition /Rehab of foreclosed properties 1,085,749.17 1,085,749.17 $ 21) LM LS- Citywide Target of Opps Housing Authority Acquisition /Rehab of foreclosed properties 713,200.18 713,200.18 $ - 22) LM LS -4350 La Sierra Ave Multiple Vendors include but not limited to Housing Authority and Exclusive Recove Maintenance of Land Held for Resale 4,447.00 4,447.00 370.00 370.00 370.00 370.00 370.00 $ 1,850.00 23) LM LS -6823 Yellowstone Drive Multiple Vendors include but not limited to Tower Realty, Riverside Public Utilities, and So Cal Gas Compan Asset management 16,505.48 3,600.00 300.00 300.00 300.00 300.00 300.00 $ 1,500.00 24) LM LS -10723 Kearsage Place Multiple Vendors include but not limited to Tower Realty, Riverside Public Utilities, and So Cal Gas Compan Asset management 2,615.12 2,615.12 215.00 215.00 215.00 215.00 215.00 $ 1,075.00 25) LM LS -3926 Jefferson Multiple Vendors include but not limited to Tower Realty, Riverside Public Utilities, and So Cal Gas Compan Asset management 38,517.94 3,600.00 300.00 300.00 300.00 300.00 300.00 $ 1,500.00 26) LM LS -2792 Woodbine Multiple Vendors include but not limited to Frazier Realty Group, Riverside Public Utilities, and So Cal Gas Compan Asset management 3,559.10 3,559.10 297.00 297.00 297.00 297.00 297.00 $ 1,485.00 27) LM LS -4578 Sunnyside Drive Multiple Vendors include but not limited to Tower Realty, Riverside Public Utilities, and So Cal Gas Compan Asset management 1,410.00 1,410.00 118.00 118.00 118.00 118.00 118.00 $ 590.00 28) LM LS -3943 10th Street Multiple Vendors include but not limited to Housing Authority, Riverside Public Utilities, and So Cal Gas Compan Maintenance and repairs of occupied residental property 3,976.00 3,976.00 331.00 331.00 331.00 331.00 331.00 $ 1,655.00 29) LM- Professional Services /Operating Multiple Vendors include but not limited to Exclusive Recovery, Keyser Marston, Leibold, McClendon & Mann, Em has s Software and Skyline Consultants, legal, internal staff charges, and maintenance for all project areas 380,885.00 380,885.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 $ 25,000.00 30) Admin- Professional Services DHA Consultant LLC Financial analysis 26,618.75 26,618.75 1,200.00 2,500.00 1,250.00 2,000.00 $ 6,950.00 31) Admin- Professional Services Xerox Copier Rental and Usage 7,200.00 7,200.00 650.00 650.00 650.00 650.00 650.00 $ 3,250.00 32) Admin- Professional Services City of Riverside Liability Insurance 26,619.00 26,619.00 2,218.25 2,218.25 2,218.25 2,218.25 2,218.25 $ 11,091.25 33) Admin- Professional Services Multiple Vendors General operating expenses (Telephone, Legal, Motor Pool , etc.) 182,092.15 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00 $ 37,500.00 34) Redv Admin - Professional Services City of Riverside Liability Insurance 39,361.00 3,280.08 3,280.08 3,280.08 3,280.08 3,280.08 3,280.08 $ 16,400.40 35) Redv Admin - Professional Services City of Riverside Property Insurance 10,808.00 10,808.00 901.00 901.00 901.00 901.00 901.00 $ 4,505.00 36) Redv Admin - Professional Services Multiple Vendors include but not limited to AT &T, Press Enterprise, and Keyser Marston Associates General operating expenses (Consulting Services, Telephone, Legal, Motor Pool , etc. 225,531.64 225,531.64 29,460.00 5,000.00 5,000.00 5,000.00 5,000.00 $ 49,460.00 37) Notes Payable Pepsi Cola Bottling Company Repayment for infrastructure 2,987,399.00 $ - 38) Admin- Professional Services City of Riverside Citywide Cost Allocation Plan 2,389,344.00 2,389,344.00 199,112.00 199,112.00 199,112.00 199,112.00 199,112.00 $ 995,560.00 39) Jack Apple Market Parking Lease James and Josephine Michealson Lease of twelve parking spaces 12,500.00 12,500.00 1,250.00 1,250.00 1,250.00 1,250.00 1,250.00 $ 6,250.00 40) Employee Costs Employees of Agency Payroll for employees 3,479,538.00 3,479,538.001 289,961.50 289,961.50 289,961.50 289,961.50 289,961.50 $ 1,449,807.50 Totals - This Page $ 85,670,295.91 $ 12,392,343.45 $ 1,224,594.08 $ 590,451.83 $ 591,751.83 $ 782,501.83 $ 855,020.83 $ 4,044,320.40 * This Enforceable Obligation Payment Schedule (EOPS) is to be adopted by the redevelopment agency no later than late August. It is valid through 12/31/11. It is the basis for the Preliminary Draft Recognized Obligation Payment Schedule (ROPS), which must be prepared by the dissolving Agency by 9/30/11. (The draft ROPS must be prepared by the Successor Agency by 11/30/11.) If an agency adopts a continuation ordinance per ABX1 27, this EOPS will not be valid and there is no need to prepare a ROPS. ** Include only payments to be made after the adoption of the EOPS. 24 -4