12-11-2012 CC RPT 23 - Laserfiche WebLink

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Mr..Emilio Ramirez October .14, 20.;12 Page 2 f agency are not enforceable obligations. Upon receiving a Finding of Completion from Finance, HSC section 34191.4 (b) may cause these items to be enforceable in future ROPS periods. Item . .. _ .... ............. . Project Name Fund Source Total Outstanding Debt 84* City loan entered into on April 1, 2008 RPTTF $ 167,191 87* loan entered into on August 1 2009 RPTTF 4 _ 88 City loan entered into on September 1, 2010 RPTTF 1,260,456 89 City Riverside Public Utilities reimbursement agreement entered into on March 1 2011 RPTTF 1,083,033 90 City Riverside Public Utilities Reimbursement Agreement entered into on March 1, 2011 - Dwntwn RPTTF 7,284,003 91* City loan entered into on May 1, 2007 - Dwntwn RPTTF 4 137 Gould and Gramercy Street Improvements Bond 500,000 138 Gould and Gramercy Street Improvements Bond 40,109 139: A. Gould and Gramerc Street Im rovements Bond 750 Total Amount $19107,830 *Based on review of additional information provided with the Agency's appeal letter, items remain denied as enforceable obligations. • Administrative costs claimed for RPTTF exceed the allowance by $292,477. HSC section 34171 (b) limits the 2012 -13 administrative expenses to three percent of property tax allocated to the Agency or $250,000, whichever is greater. Additionally, items 162, 163, and 166 were reclassified as administrative costs. Amount administrative costs for fiscal ear 2012 -13 $ 943,414 Administrative costs claimed for July thr Dece mber 2012 503 Administrative costs claimed for January through June 2013 732 815 Overage 1 $ 292,477 Except for items denied in whole or in part as enforceable obligation(s) as noted above, Finance is approving the remaining items listed in your ROPS III. If you disagree with the determination with respect to any items on your ROPS III, you may request a Meet and Confer within five business days of the date of this letter. The Meet and Confer process and guidelines are available at Finance's website below: htto:// www .dof.ca.goviredeveloDment/meet and confer/ The Agency's maximum approved Redevelopment Property Tax Trust Fund ( RPTTF) distribution for the reporting period is: $15,118,244 as summarized below: