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Name of Redevelopment Agency:
<br />Project Area(s)
<br />Redwood City Redevelopment Agency
<br />All
<br />ENFORCEABLE OBLIGATION PAYMENT SCHEDULE
<br />Per AB 26 - Section 34167 and 34169 ( *)
<br />rn
<br />v
<br />(D
<br />Amount to be paid in May 2012 is the total due for debt service for bond year ending 7/12 less the amount available with trustee of $960,563, to be paid to bond holders on 7/15/12.
<br />Amount reimbursable to City for operations, including salaries, overhead and professional services pursuant to the agreement between the City and Redevelopment Agency, less the minimum amount allowed shown on line 8.
<br />Staff time directly related to specific projects.
<br />Minimum amount allowed for administration not reflected in line 6.
<br />Project Name / Debt Obligation
<br />Payee
<br />Description
<br />as of Aug. 1, 2011
<br />Total Outstanding
<br />Debt or Obligation
<br />1
<br />Tax allocation Bond, Series 2003A for infrastracture projects
<br />(1)
<br />US Bank
<br />Debt service for bonds issued for RDA Project Area No. 2
<br />31,507,448
<br />2
<br />Tax allocation Bond, Series 2003A for infrastracture projects
<br />(1)
<br />JUS Bank
<br />Interest payments for bonds issued for RDA Project Area No. 2
<br />41,348,815
<br />3
<br />Tax allocation Bond, Series 2003A for Debt Service Reserve
<br />US Bank
<br />Debt Service Reserve Requirement
<br />1,540,000
<br />4
<br />SERAF Repayment
<br />Housing Successor Agency
<br />Repayment of Borrowed LMIHF to make FY 09/10 SERAF payment
<br />2,250,270
<br />5
<br />Developing 2107 Broadway
<br />Redwood City School District
<br />Finance a portion of 2107 Broadway in 1998 by providing a school district loan
<br />84,642
<br />6
<br />General Administrative Services
<br />(2)
<br />Successor Agency
<br />City administrative services provided to Agency per Agreement
<br />2,349,205
<br />7
<br />Project related administration for housing and non - housing
<br />(3)
<br />Successor Agency
<br />Payroll expenditures related to various specific projects
<br />480,533
<br />8
<br />Successor Agency Administrative Cost Allowance
<br />(4)
<br />Successor Agency
<br />Minimum amount of property tax to Successor Agency for general administrative costs
<br />0
<br />9
<br />Affordable Housing Funds - Legal Aid Services
<br />Housing Successor Agency
<br />County share of tax increment to be used for affordable housing per Legal Aid Services
<br />10,272,915
<br />10
<br />Capital improvements in the downtown
<br />City of Redwood City
<br />Repay a City loan for capital projects from City / Agency Loan Agreement
<br />2,397,575
<br />11
<br />Capital improvements in the downtown
<br />City of Redwood City
<br />Repay interest on a City loan for capital improvements from City /Agency Loan Agmt.
<br />256,432
<br />12
<br />Depot Circle Development Opportunity
<br />BKF Engineers
<br />Preparation of parcel map for Block 2 / Agreement / PO 48611
<br />26,756
<br />13
<br />Cedar Street Affordable Apartments
<br />Cedar Street Apartments
<br />Offsite Improvements OPA for $250K - RDA Housing Funds / PO 48611
<br />147,630
<br />14
<br />Bradford Street Affordable Housing
<br />CA Dept. of Toxic Substances Control
<br />Oversight for the environmental clearance / PO 48524
<br />6,451
<br />15
<br />Project administration for Bradford Street
<br />Green Environment, Inc.
<br />Project environmental administration for Bradford Street / PO 48525
<br />125,692
<br />15
<br />Hoover Mobility Study
<br />Fehr & Peers Associates
<br />Technical memo for Woodside Rd /Middlefield crosswalks / PO 48475
<br />6,310
<br />16
<br />611 Heller Street Affordable Housing
<br />Fugro West
<br />Soil and groundwater investigation for 611 Heller / PO 47709
<br />7,899
<br />17
<br />Underground Parking Garage Dewatering
<br />Green Environment, Inc.
<br />Maintenance of dewatering system for underground garage / PO 46485
<br />5,280
<br />18
<br />Legal services for RDA administration
<br />Green, de Bortnowsky & Qunitanilla
<br />Legal Services related to the RDA / PO 45578
<br />66,526
<br />19
<br />On -call land use economics consultant
<br />Keyser Marston Associates
<br />Miscellaneous affordable housing consulting services / PO 46173
<br />11,299
<br />20
<br />On -call land use economics consultant
<br />Keyser Marston Associates
<br />Miscellaneous real development consulting services / PO 46173
<br />40,879
<br />Totals - This Page
<br />Totals - Page 2
<br />Totals - Page 3
<br />Totals - Page 4
<br />Totals - Other Obligations
<br />Grand total - All Pages
<br />92,932,557
<br />1,602,347
<br />37,819,612
<br />274,693
<br />0
<br />132,629,209
<br />Amount to be paid in May 2012 is the total due for debt service for bond year ending 7/12 less the amount available with trustee of $960,563, to be paid to bond holders on 7/15/12.
<br />Amount reimbursable to City for operations, including salaries, overhead and professional services pursuant to the agreement between the City and Redevelopment Agency, less the minimum amount allowed shown on line 8.
<br />Staff time directly related to specific projects.
<br />Minimum amount allowed for administration not reflected in line 6.
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