Paul Sensibaugh, Chair

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1 CITY OF STOCKTON STOCKTON SUCCESSOR AGENCY OVERSIGHT BOARD AGENDA February 27, 213 City Council Chambers 11: a.m. 425 North El Dorado Street February 27, 213 City Council Chambers 11: a.m. 425 N. El Dorado Street, Stockton CA Paul Sensibaugh, Chair Kathy Miller, Vice Chair MEMBERS Shabbir Khan Gary Lambdin Erin Mettler James Thomas Raquel Puentes-Griffith Alternate Members Jane Steinkamp I. Roll Call II. Pledge III. Minutes RECORDING SECRETARY Bonnie Paige, City Clerk OFFICE OF THE CITY CLERK 425 N. El Dorado Street Stockton, CA 9522 (29) A. Minutes of the meeting October 1, 212. IV. General Administration A. Introduction of new Board Member B. Comments by the Board and Staff C. Due Diligence Review Update D. Properties Update V. New Business A. Recognized Obligation Payment Schedule (July December 213) VI. Public Comments VII. Adjournment

11 Successor Agency ID: 3 County: San Joaquin Successor Agency: Stockton City SUCCESSOR AGENCY CONTACT INFORMATION Primary Contact Honorific (Ms, Mr, Mrs) First Name Last Name Title Address Wendy Saunders Director Economic Development Department 425 North El Dorado Street City Stockton State CA Zip 9522 Phone Number Address wendy.saunders@stocktongov.com Secondary Contact Honorific (Ms, Mr, Mrs) First Name LaVerna Last Name Blanco Title Program Manager 1 Phone Number Address laverna.blanco@stocktongov.com

12 SUCCESSOR AGENCY CONTACT INFORMATION SUMMARY OF RECOGNIZED OBLIGATION PAYMENT SCHEDULE Filed for the July 1, 213 to December 31, 213 Period Name of Successor Agency: STOCKTON CITY (SAN JOAQUIN) Outstanding Debt or Obligation Total Total Outstanding Debt or Obligation $258,878,363 Current Period Outstanding Debt or Obligation Six Month Total A Available Revenues Other Than Anticipated RPTTF Funding $1,581,55 B Enforceable Obligations Funded with RPTTF $5,32,33 C Administrative Allowance Funded with RPTTF $125, D Total RPTTF Funded (B + C = D) $5,427,33 E Total Current Period Outstanding Debt or Obligation (A + B + C = E) Should be same amount as ROPS form six month total $7,8,853 F Enter Total Six Month Anticipated RPTTF Funding $4,481,728 G Variance (F D = G) Maximum RPTTF Allowable should not exceed Total Anticipated RPTTF Funding ($945,575) Prior Period (July 1, 212 through December 31, 212) Estimated vs. Actual Payments (as required in HSC section (a)) H Enter Estimated Obligations Funded by RPTTF (lesser of Finance s approved RPTTF amount including admin allowance or the actual amount distributed) $2,815,721 I Enter Actual Obligations Paid with RPTTF $2,69,721 J Enter Actual Administrative Expenses Paid with RPTTF $125, K Adjustment to Redevelopment Obligation Retirement Fund (H (I + J) = K) $ L Adjustment to RPTTF (D K = L) $5,427,33 Certification of Oversight Board Chairman: Pursuant to Section 34177(m) of the Health and Safety code, Name Title I hereby certify that the above is a true and accurate Recognized Obligation Payment Schedule for the above named agency. /s/ Signature Date

13 SUCCESSOR AGENCY CONTACT INFORMATION STOCKTON CITY (SAN JOAQUIN) RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 13 14A) July 1, 213 through December 31, 213 Oversight Board Approval Date: Item # Contract/Agreement Execution Date Contract/Agreement Termination Date Project Name / Debt Obligation Payee Description/Project Scope Project Area Debt or Obligation Bond Proceeds Reserve Balance Admin Allowance RPTTF Other Six Month Total $258,878,363 $11,2,891 $2,867 $1,578,683 $125, $5,32,33 $ $7,8,853 1 Low/Mod Housing Bonds 6/1/23 9/1/233 Wells Fargo Corporate Trust 23 Housing COP Low/Mod 2,615, , , ,798 2 Low/Mod Housing Bonds 7/1/26 9/1/237 Wells Fargo Corporate Trust 26 Series C Revenue Bond Low/Mod 48,383,48 2,19, , ,685 1,312,376 3 Redevelopment Revenue Bonds 7/1/26 9/1/237 Wells Fargo Corporate Trust 26 Series A Revenue Bond Midtown 19,113,38 583, , ,713 4 Redevelopment Revenue Bonds 7/1/26 9/1/237 Wells Fargo Corporate Trust 26 Series A Revenue Bond South 38,69,36 2,43, , ,238 1,478,19 5 Redevelopment Revenue Bonds 7/1/26 9/1/237 Wells Fargo Corporate Trust 26 Series A Revenue Bond North 34,139, ,55 461, ,775 6 Redevelopment Revenue Bonds 7/1/26 9/1/213 Wells Fargo Corporate Trust 26 Series B Revenue Bond Midtown 468, ,878 22,73 248,85 468,878 7 Redevelopment Revenue Bonds 7/1/26 9/1/212 Wells Fargo Corporate Trust 26 Series B Revenue Bond (refer to notes) South Obligaton Retired 8 Redevelopment Revenue Bonds 7/1/26 9/1/213 Wells Fargo Corporate Trust 26 Series B Revenue Bond North 541,13 541,13 541,13 541,13 9 Redevelopment Revenue Bonds 3/1/24 9/1/236 Wells Fargo Corporate Trust 24 Revenue Bond Arena Waterfront 79,746,519 2,621,346 1,574,573 1,574,573 1 Low/Mod Housing Bonds 6/1/23 9/1/233 Wells Fargo Corporate Trust 23 Housing COP (refer to notes) Low/Mod listed above 11 Low/Mod Housing Bonds 7/1/26 9/1/237 Wells Fargo Corporate Trust 26 Series C Revenue Bond (refer to notes) Low/Mod listed above 12 Redevelopment Revenue Bonds 7/1/26 9/1/237 Wells Fargo Corporate Trust 26 Series A Revenue Bond (refer to notes) Midtown listed above 13 Redevelopment Revenue Bonds 7/1/26 9/1/237 Wells Fargo Corporate Trust 26 Series A Revenue Bond (refer to notes) South listed above 14 Redevelopment Revenue Bonds 7/1/26 9/1/237 Wells Fargo Corporate Trust 26 Series A Revenue Bond (refer to notes) North listed above 15 Redevelopment Revenue Bonds 7/1/26 9/1/213 Wells Fargo Corporate Trust 26 Series B Revenue Bond (refer to notes) Midtown listed above 16 Redevelopment Revenue Bonds 7/1/26 9/1/213 Wells Fargo Corporate Trust 26 Series B Revenue Bond (refer to notes) North listed above 17 Redevelopment Revenue Bonds 3/1/24 9/1/236 Wells Fargo Corporate Trust 24 Revenue Bond Arena (refer to notes) Waterfront listed above 18 State Debt 11/15/21 8/1/212 State Department of Boating and DBAW Planning Loan (refer to notes) Waterfront 34,964 Waterways 19 Fee Deferral 11/26/22 8/12/258 Public Facility Fees Development Impact fees for 612 Carlton Ave Midtown 143,954 2 Fee Deferral WorkNet Office Bldg 8/4/24 8/4/259 Public Facility Fees Development Impact fees for Worknet Office Building Waterfront 196,95 21 Fee Deferral Cineplex 8/29/23 8/29/213 Public Facility Fees Development Impact fees for Cineplex project Waterfront 4,417 4,417 4,417 4, Agency Vs. Union Oil 9/28/24 Brown & Winters and/or Union Union Oil Dispute Re: Ground Water Contamination Waterfront 2,, Oil 23 Price Vs. City of Stockton 1/9/26 12/31/21 California Rural Legal Assistance Tenant relocation assistance $1,455,: $46,652 expended, remaining obligation $994,348. Replacement of 185 housing units: 146 completed, remaining obligation 39 3% of AMI (estimated cost $4M). *Subject to final determination by the parties. Low/Mod 4,994, Civic Partners 6/25/25 Freeman, D Aiuto, Pierce, Gurev, Developer Claims RDA Breached Contract (Estimated legal Waterfront 3,, Keeling & Wolf defense costs) 25 Agency vs. BNSF 6/27/25 Brown & Winters Contamination at Worknet Site & Southpointe (Estimated Waterfront 75, litigation costs) 26 Agency vs. BNSF 6/27/25 Barg Coffin Lewis & Trapp LLP Contamination at Worknet Site & Southpointe Settlement Waterfront 64,456 Agreement 27 Agency vs. State (Caltrans) 6/27/25 Brown & Winters Coincides with BNSF case, Caltrans is a former owner (Estimated litigation costs) Waterfront 25, 28 Agency vs. Colberg 6/29/25 Brown & Winters Polanco Act corrective action trial (Estimated litigation costs) Waterfront 2,, 29 AT&T Datacomm 4/14/211 12/1/212 AT&T Datacomm Contract for installation of Security Cameras Midtown Obligaton Retired 3 AT&T Datacomm 4/14/211 12/1/212 AT&T Datacomm Contract for installation of Security Cameras South Obligaton Retired 31 AT&T Datacomm 4/14/211 12/1/212 AT&T Datacomm Contract for installation of Security Cameras North Obligaton Retired 32 Vintage 7/1/21 12/17/212 Visionary Home Builders Housing Loan Low/Mod Obligaton Retired 33 Community of All Nations 3/16/211 Upon Completion Visionary Home Builders Housing Loan Low/Mod 2,867 2,867 2,867 2, Wallace Kuhl & Associates 5/15/27 Upon Completion Wallace Kuhl & Associates South Shore Waterfront 29,14 29,14 35 Condor Earth Technologies 1/11/28 6/3/212 Condor Earth Technologies Marina Water Quality Testing Waterfront Obligaton Retired 36 Treadwell and Rollo Inc 7/23/28 6/3/212 Treadwell and Rollo Inc Parcel 2A & 24 Remediation Waterfront Obligaton Retired 37 Wallace Kuhl & Associates 8/12/28 6/3/212 Wallace Kuhl & Associates Removal Action Plan for Promenade & South Pointe Obligaton Retired Total Outstanding Total Due During Fiscal Year Funding Source

14 SUCCESSOR AGENCY CONTACT INFORMATION STOCKTON CITY (SAN JOAQUIN) RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 13 14A) July 1, 213 through December 31, 213 Oversight Board Approval Date: Contract/Agreement Contract/Agreement Total Outstanding Item # Project Name / Debt Obligation Execution Date Termination Date Payee Description/Project Scope Project Area Debt or Obligation Bond Proceeds Reserve Balance Admin Allowance RPTTF Other Six Month Total 38 D R Jolley Co 7/21/21 6/3/212 D R Jolley Co McKinley Park caretaker Building Asbestos Removal South Obligaton Retired 39 Hotel Stockton 1/18/25 Upon Completion Hotel Stockotn Investors Renovation of Hotel Stockton for affordable housing Low/Mod 69,426 69,426 69,426 69,426 4 Remediation of Areas 24 and 4 7/2/29 City of Stockton Remediation of lots north and south of Worknet site Waterfront 5, (Estimated cost of Remediation) Waterfront 2, 5, Downtown Stockton Alliance 7/1/27 12/31/217 Downtown Stockton Alliance DSA Assessment of RDA owned properties. PBID expiration is 12/31/217. (Estimated assessments to be paid at $5, per year for 5 years, may be longer if properties not sold) 42 Walgreens Project 5/25/211 Upon Completion Farmington Mariposa Reimbursement Agreement Mariposa Walgreens South 265, ,775 Development Co. LLC 43 Property Maintenance City of Stockton/TBD Budgeted maintenance costs of RDA/SA Owned properties All 5, 5, prior to disposition. (Amount is an estimate, and approved in the Administrative Budget for FY ) 44 SERAF Payment Loan from Low/Mod 4/26/211 6/3/216 Low/Moderate Income Housing Repayment of loan from Low/Mod Housing funds to make Midtown 944,376 Asset Fund SERAF payment in SERAF Payment Loan from Low/Mod 4/26/211 6/3/216 Low/Moderate Income Housing Repayment of loan from Low/Mod Housing funds to make South 944,376 Asset Fund SERAF payment in Loan to Waterfront Low/Moderate Income Housing To cover negative cash position of Agency Waterfront 1,16,582 Asset Fund 47 Successor Agency Staff, Overhead, & Successor Agency employees Salary, benefits, overhead, and administrative costs of the All 25, 25, 125, 125, Administrative Costs through City of Stockton Successor Agency 48 Successor Agency Staff, Overhead, & Administrative Costs Successor Agency employees through City of Stockton Salary, benefits, overhead, and administrative costs of the Successor Agency (Other Funding: Subsidy from City of Stockton per adopted budget) All TBD TBD Total Due During Fiscal Year Funding Source

15 SUCCESSOR AGENCY CONTACT INFORMATION STOCKTON CITY (SAN JOAQUIN) Pursuant to Health and Safety Code section (a) PRIOR PERIOD ESTIMATED OBLIGATIONS vs. ACTUAL PAYMENTS RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS II) July 1, 212 through December 31, 212 LMIHF Reserve Balance Admin Allowance RPTTF Other Item # Project Name / Debt Obligation Payee Description/Project Scope Project Area Estimate Actual Estimate Actual Estimate Actual Estimate Actual Estimate Actual Estimate Actual $ $18,541 $386,141 $377,644 $ $3,738,555 $125, $125, $7,66,27 $2,69,721 $ $155,59 1 Low/Mod Housing Bonds Wells Fargo Corporate Trust 23 Housing COP Low/Mod 671, ,372 2 Low/Mod Housing Bonds Wells Fargo Corporate Trust 26 Series C Revenue Bond Low/Mod 1,31,982 1,31,982 3a Redevelopment Revenue Bonds Wells Fargo Corporate Trust 26 Series A Revenue Bond Midtown 291, ,713 3b Redevelopment Revenue Bonds Wells Fargo Corporate Trust 26 Series A Revenue Bond South 19,68 95, , ,53 3c Redevelopment Revenue Bonds Wells Fargo Corporate Trust 26 Series A Revenue Bond North 461, ,775 4a Redevelopment Revenue Bonds Wells Fargo Corporate Trust 26 Series B Revenue Bond Midtown 8, ,95 376,798 4b Redevelopment Revenue Bonds Wells Fargo Corporate Trust 26 Series B Revenue Bond South 22, ,72 24,699 4c Redevelopment Revenue Bonds Wells Fargo Corporate Trust 26 Series B Revenue Bond North 316, ,61 29,388 5 Redevelopment Revenue Bonds Wells Fargo Corporate Trust 24 Revenue Bond Arena Waterfront 221,836 1,516,114 1,294,278 7 State Debt State Department of Boating and WDBAW Planning Loan Waterfront 34,976 8 Fee Deferral Public Facility Fees Development Impact fees for 612 Carlton Ave Midtown 9 Fee Deferral WorkNet Office Bldg Public Facility Fees Development Impact fees for Worknet Office Building Waterfront 1 Fee Deferral Cineplex Public Facility Fees Development Impact fees for Cineplex project Waterfront 4,37 4, Agency Vs. Union Oil Brown & Winters and/or Union Oil Union Oil Dispute Re: Ground Water Contamination Waterfront Price Vs. City of Stockton California Rural Legal Assistance Tenant relocation assistance $1,455,: $46,652 expended, remaining obligation $994,348. Replacement of 185 housing units: 146 completed, remaining obligation 39 3% of AMI (est cost $4M). *Subject to final determination by the parties. Low/Mod Developer Claims RDA Breached Contract (Legal defense 13 Civic Partners Freeman, D Aiuto, Pierce, Gurev, Kecosts) Waterfront 18, 3,523 Contamination at Worknet Site & Southpointe (Litigation 14 Agency vs. BNSF Brown & Winters expenses) Waterfront 6, 15 Agency vs. State (Caltrans) Brown & Winters Coincides with BNSF case, Caltrans is a former owner (Litigation expenses) Waterfront 16 Agency vs. Colberg Brown & Winters Polanco Act corrective action trial (Litigation expenses) Waterfront 17 AT&T Datacomm AT&T Datacomm Contract for installation of Security Cameras Final Payment Mid/South/North 377, , Vintage LRA37 Visionary Home Builders Housing Loan Final Payment Low/Mod 18,541 21, Community of All Nations LRA371 Visionary Home Builders Housing Loan Low/Mod 2, Wallace Kuhl & Associates Wallace Kuhl & Associates South Shore Waterfront 3,259 1, Condor Earth Technologies Condor Earth Technologies Marina Water Quality Testing Waterfront Treadwell and Rollo Inc Treadwell and Rollo Inc Parcel 2A & 24 Remediation Waterfront 12,55 25 Wallace Kuhl & Associates Wallace Kuhl & Associates Removal Action Plan for Promenade & South Pointe Waterfront 14, D R Jolley Co D R Jolley Co McKinley Park caretaker Building Asbestos Removal South 5,63 32 Hotel Stockton LRA34 Hotel Stockotn Investors Renovation of Hotel Stockton for affordable housing Low/Mod 69, Remediation of Areas 24 and 4 City of Stockton Remediation of lots north and south of Worknet site Waterfront 34 Downtown Stockton Alliance Downtown Stockton Alliance DSA Assessment of RDA owned properties Waterfront Existing salary, benefits, and overhead for Agency 35 Agency Staff & Overhead Agency Employees through City of administration Property maintenance & management Admin 125, 125, Bond Proceeds

16 SUCCESSOR AGENCY CONTACT INFORMATION Item # Project Name / Debt Obligation Notes/Comments 1 Low/Mod Housing Bonds 2 Low/Mod Housing Bonds 3 Redevelopment Revenue Bonds 4 Redevelopment Revenue Bonds 5 Redevelopment Revenue Bonds 6 Redevelopment Revenue Bonds 7 Redevelopment Revenue Bonds 8 Redevelopment Revenue Bonds 9 Redevelopment Revenue Bonds 1 Low/Mod Housing Bonds 11 Low/Mod Housing Bonds 12 Redevelopment Revenue Bonds 13 Redevelopment Revenue Bonds 14 Redevelopment Revenue Bonds 15 Redevelopment Revenue Bonds 16 Redevelopment Revenue Bonds 17 Redevelopment Revenue Bonds 18 State Debt 19 Fee Deferral 2 Fee Deferral WorkNet Office Bldg 21 Fee Deferral Cineplex 22 Agency Vs. Union Oil 23 Price Vs. City of Stockton 24 Civic Partners 25 Agency vs. BNSF 26 Agency vs. BNSF 27 Agency vs. State (Caltrans) 28 Agency vs. Colberg STOCKTON CITY (SAN JOAQUIN) RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 13 14A) Notes (Optional) July 1, 213 through December 31, 213

17 SUCCESSOR AGENCY CONTACT INFORMATION Item # Project Name / Debt Obligation Notes/Comments STOCKTON CITY (SAN JOAQUIN) RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 13 14A) Notes (Optional) July 1, 213 through December 31, AT&T Datacomm 3 AT&T Datacomm 31 AT&T Datacomm 32 Vintage 33 Community of All Nations 34 Wallace Kuhl & Associates 35 Condor Earth Technologies 36 Treadwell and Rollo Inc 37 Wallace Kuhl & Associates 38 D R Jolley Co 39 Hotel Stockton 4 Remediation of Areas 24 and 4 41 Downtown Stockton Alliance 42 Walgreens Project 43 Property Maintenance This is an estimated amount based on the 212/13 Fiscal Year budget. 44 SERAF Payment Loan from Low/Mod 45 SERAF Payment Loan from Low/Mod 46 Loan to Waterfront 47 Successor Agency Staff, Overhead, & Staff have not taken the administrative budget to the Oversight Board for the 213/14 Fiscal Year. The minimum amount is listed, and is subject to change. Administrative Costs 48 Successor Agency Staff, Overhead, & The City of Stockton is in the early stages of developing the 213/14 Fiscal Year budget. City subsidy to the Successor Agency has not been determined. Administrative Costs

SUCCESSOR AGENCY CONTACT INFORMATION Successor Agency ID: 236 County: Riverside Successor Agency: Norco Primary Contact Honorific (Ms, Mr, Mrs) First

SUCCESSOR AGENCY CONTACT INFORMATION Successor Agency ID: 236 County: Riverside Successor Agency: Norco Primary Contact Honorific (Ms, Mr, Mrs) First Name Last Name Title Address Mr. Andy Okoro Deputy