Continuing Disclosure Annual Report. Fiscal Year Ended: June 30, 2013

Transcription

1 Alameda Public Financing Authority Local Agency Refunding Revenue Bonds (Harbor Bay CFD And Marina Village AD) Series 2010A and Subordinate Series 2010B Continuing Disclosure Annual Report Fiscal Year Ended: June 30, 2013 Main Office Temecula Parkway, Suite 100 Temecula, CA Toll free: Fax: Regional Office 870 Market Street, Suite 1223 San Francisco, CA Toll free: Fax:

2 CITY OF ALAMEDA $10,675,000 Alameda Public Financing Authority Local Agency Refunding Revenue Bonds Series 2010A (Harbor Bay CFD And Marina Village AD) $8,020,000 Alameda Public Financing Authority Local Agency Refunding Revenue Bonds Subordinate Series 2010B (Harbor Bay CFD And Marina Village AD) DATED: July 22, 2010 SERIES 2010A CUSIP NOS. MATURITY CUSIP MATURITY CUSIP AR AV AS AW AT AX AU9 SERIES 2010B CUSIP NOS. MATURITY CUSIP MATURITY CUSIP BA BB0 NBS has relied upon information provided by sources which are believed to be reliable without independent verification, therefore we express no opinion as to the completeness, accuracy or suitability of such information.

3 TABLE OF CONTENTS 1. INTRODUCTION CONTENT OF ANNUAL REPORT Audited Financial Statements Principal Amount of Bonds Outstanding Reserve Fund Assessed to-lien Ratio Delinquency Information Foreclosure Proceedings Property Ownership Occupancy Status CDIAC Reports Senate Bill 165 Report SIGNIFICANT EVENTS Significant Events APPENDICES Revenue Bonds Continuing Disclosure Annual Report City of Alameda Table of Contents Prepared by NBS Fiscal Year Ended June 30, 2013

4 1. INTRODUCTION This report provides information to the Electronic Municipal Market Access (the EMMA ) in order to comply with the provisions contained in the Continuing Disclosure Agreement (the CDA ) executed and delivered by the City of Alameda (the City ) in connec tion with the issuance, by the Alameda Public Financing Authority (the Authority ), of the Alameda Public Financing Authority Local Agency Refunding Revenue Bonds, Series 2010A and Subordinate Series 2010B (Harbor Bay CFD and Marina Village AD) in the aggregate principal amounts of $10,675,000 and $8,020,000 respectively (collectively the Bonds ). The CDA was executed and delivered by the City for the benefit of the holders and beneficial owners of the Bonds and in order to assist the Participating Underwriters in complying with S.E.C. Rule 15c2-12(b)(5) Revenue Bonds Continuing Disclosure Annual Report City of Alameda 1-1 Prepared by NBS Fiscal Year Ended June 30, 2013

5 2. CONTENT OF ANNUAL REPORT 2.1 Audited Financial Statements The Audited Financial Statements were not available at the time of writing this report. They will be disseminated to EMMA under separate cover when they become available. 2.2 Principal Amount of Bonds Outstanding The following table shows the principal amount of the Bonds outstanding: Series Principal Amount As of 2010A $8,815,000 June 30, B 4,215,000 June 30, Reserve Fund The Reserve Fund for the bonds is not held at the Authority. The underlying local issues have a reserve fund for the Special Tax Bonds and a delinquency maintenance fund for the Improvement Bonds. The following table shows the balances in the local District funds: Fund Balance Requirement As of CFD 1 Reserve Fund $1,067,639 $1,067,500 June 30, 2013 AD 10-1 Delinquency Maintenance Fund 2,256,450 2,245,000 June 30, Assessed The following table describes the total assessed value of the parcels subject to the Special Taxes or the Reassessments as of January 1, District Parcel Count Total Assessed CFD 1 Harbor Bay 630 $400,047,470 AD 10-1 Marina Village ,386, Revenue Bonds Continuing Disclosure Annual Report City of Alameda 2-1 Prepared by NBS Fiscal Year Ended June 30, 2013

6 2.5 -to-debt Ratio The following table shows the value-to-debt ratio for the Districts: District Assessed (1) Bonds Outstanding (2) -to-lien Ratio CFD 1 Harbor Bay $400,047,470 $8,815, :1 AD 10-1 Marina Village 309,386,822 4,215, :1 (1) As of January 1, (2) As of June 30, Delinquency Information The following table shows the Fiscal Year 2012/13 levy amount, delinquent amount, and delinquency rate for the Districts as of June 30, District 2012/13 Parcels Levied 2012/13 Dollars Levied 2012/13 Delinquent Parcel Count 2012/13 Delinquent Dollar Amount 2012/13 Delinquency Rate CFD 1 Harbor Bay 630 $1,474, $29, % AD 10-1 Marina Village 71 2,385, , % 2.7 Foreclosure Proceedings As of June 30, 2013, there were no parcels within the Districts that were in foreclosure. Reminder and/or Demand Letters have been sent to all delinquent property owners within the Districts. The City is currently working with their consultants and attorneys to begin foreclosure on parcels that remain delinquent. 2.8 Property Ownership Appendix A shows each parcel within the Reassessment District 10-1 (Marina Village) including the ownership, assessed value and value-to lien. 2.9 Occupancy Status The total commercial vacancy rate for properties in Reassessment District 10-1 (Marina Village) is not known to the Authority. However, the vacancy rate for all properties owned by Legacy Partners was 36.43% as shown in the table below. Total Square Footage Vacant Square Footage (1) Percentage Vacant 1,094, , % (1) Vacancy information provided as of December Revenue Bonds Continuing Disclosure Annual Report City of Alameda 2-2 Prepared by NBS Fiscal Year Ended June 30, 2013

7 2.10 CDIAC Reports The annual reports to the California Debt and Investment Advisory Commission ( CDIAC ) were filed on October 21, Please see Appendix B for a copy of the reports that comply with Government Code Sections of the California Government Code Senate Bill 165 Report Please see Appendix C for the report that complies with Government Code sections , , 53410, and of the California Government Code Revenue Bonds Continuing Disclosure Annual Report City of Alameda 2-3 Prepared by NBS Fiscal Year Ended June 30, 2013

8 3. SIGNIFICANT EVENTS 3.1 Significant Events There were no significant events that occurred during the fiscal year ended June 30, According to the CDA for the Bonds, significant events are as follows: (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) (ix) (x) (xi) Principal and interest payment delinquencies Non-payment related defaults Unscheduled draws on debt service reserves reflecting financial difficulties Unscheduled draws on credit enhancements reflecting financial difficulties Substitution of credit or liquidity providers, or their failure to perform Adverse tax opinions or events affecting the tax-exempt status of the security Modifications to rights of security holders Contingent or unscheduled bond calls Defeasances Release, substitution, or sale of property securing repayment of the securities Rating changes Notice for listed events described in subsections 5 (a)(viii) and (ix) of the CDA need not be given under this subsection any earlier than the notice (if any) of the underlying event is given to holders of affected Bonds pursuant to the Resolution Revenue Bonds Continuing Disclosure Annual Report City of Alameda 3-1 Prepared by NBS Fiscal Year Ended June 30, 2013

9 4. APPENDICES The following pages show the referenced Appendices listed in the content of the Annual Report for the fiscal year ended June 30, Revenue Bonds Continuing Disclosure Annual Report City of Alameda 4-1 Prepared by NBS Fiscal Year Ended June 30, 2013

10 APPENDIX A: PROPERTY OWNERSHIP The following pages provide the parcel number, property owner, total reassessment lien, total assessed value, and value to lien ratios for the active properties in Reassessment District 10-1 (Marina Village) Revenue Bonds Continuing Disclosure Annual Report City of Alameda Appendix A Prepared by NBS Fiscal Year Ended June 30, 2013

11 City of Alameda to Debt Ratio Detail Report Unbilled Principal as of 6/30/2013 Account ID Property ID Owner Situs Address 8/1/2012 Billing Land Structure Total Exempt Original Principal Unbilled Principal V:D Ratio Marina Village Reassessment District No WIND RIVER SYSTEMS INC BUENA VISTA AVE $3, $314, $0.00 $314, $0.00 $13, $3, :1 WIND RIVER SYSTEMS INC 600 WIND RIVER WAY 30, ,870, ,060, ,930, , , :1 WIND RIVER SYSTEMS INC BUENA VISTA AVE 2, , , , , :1 LEGACY PARTNERS I ALAMEDA LLC 1094 MARINA VILLAGE PKW 1, , , , , :1 LEGACY PARTNERS I ALAMEDA LLC 1092 MARINA VILLAGE PKW 14, , , , , :1 LEGACY PARTNERS I ALAMEDA LLC 1080 MARINA VILLAGE PKW 115, ,997, ,786, ,784, , , :1 SRM MARINA INVESTORS LLC 1070 MARINA VILLAGE PKW 19, ,470, ,250, ,720, , , :1 LEGACY PARTNERS I ALAMEDA LLC 1050 MARINA VILLAGE PKW 21, , ,228, ,994, , , : M V P LLC 1040 MARINA VILLAGE PKW 21, ,061, ,897, ,958, , , :1 SRM MARINA INVESTORS LLC 1030 MARINA VILLAGE PKW 2, , , , , , :1 MOYER TERENCE W & BARBARA W TR 1000 MARINA VILLAGE PKW 17, , ,512, ,232, , , :1 LEGACY PARTNERS I ALAMEDA LLC 1100 MARINA VILLAGE PKW 41, , ,905, ,793, , , :1 LEGACY PARTNERS I ALAMEDA LLC 1210 MARINA VILLAGE PKW 40, , ,280, ,168, , , :1 VICTORIA MARINA LLC 801 MARINA VILLAGE PKWY 21, , ,715, ,536, , , :1 LUCKY(DEL)NOCAL INVESTOR LLC 815 MARINA VILLAGE PKWY 84, ,000, ,600, ,600, , , :1 VICTORIA MARINA LLC 817 MARINA VILLAGE PKWY 41, ,629, ,908, ,538, , , :1 VICTORIA MARINA LLC 901 MARINA VILLAGE PKWY 12, , ,860, ,387, , , :1 MOORE JOSEPH TR 931 MARINA VILLAGE PKWY 53, ,850, ,619, ,469, , , :1 VICTORIA MARINA LLC 933 MARINA VILLAGE PKWY 14, , ,769, ,324, , , :1 PROSPERITY INVESTMENTS 951 MARINA VILLAGE PKWY 12, , ,539, ,522, , , :1 MARINA VILLAGE PARKWAY LLC ETAL 861 MARINA VILLAGE PKWY 9, , ,200, ,973, , , :1 LEUNG FRANK S & SHIRLEY S TRS 871 MARINA VILLAGE PKWY 13, , , ,348, , , :1 LEGACY PARTNERS I ALAMEDA LLC 1001 MARINA VILLAGE PKW 56, ,019, ,133, ,152, , , :1 LEGACY PARTNERS I ALAMEDA LLC 1001 MARINA VILLAGE PKW 10, , , , , :1 LEGACY PARTNERS I ALAMEDA LLC 1001 MARINA VILLAGE PKW 16, , , , , :1 Copyright NBS Page 1 of 4 12/31/ :53:28AM

12 City of Alameda to Debt Ratio Detail Report Unbilled Principal as of 6/30/2013 Account ID Property ID Owner Situs Address 8/1/2012 Billing Land Structure Total Exempt Original Principal Unbilled Principal V:D Ratio LEGACY PARTNERS I ALAMEDA LLC 1201 MARINA VILLAGE PKW 72, ,641, ,586, ,227, , , :1 LEGACY PARTNERS I ALAMEDA LLC 1201 MARINA VILLAGE PKW 9, , , , , :1 LEGACY PARTNERS I ALAMEDA LLC 1201 MARINA VILLAGE PKW 1, , , , , :1 LEGACY PARTNERS I ALAMEDA LLC 1301 MARINA VILLAGE PKW 75, ,729, ,797, ,527, , , :1 LEGACY PARTNERS I ALAMEDA LLC MARINA VILLAGE PKWY 3, , , , , :1 LEGACY PARTNERS I ALAMEDA LLC MARINA VILLAGE PKWY 5, , , , , :1 POWER HOUSE PARTNERS LLC 1305 MARINA VILLAGE PKW 26, , ,754, ,490, , , :1 LEGACY PARTNERS I ALAMEDA LLC 1151 MARINA VILLAGE PKW 29, ,065, ,040, ,106, , , :1 LEGACY PARTNERS I ALAMEDA LLC 1101 MARINA VILLAGE PKW 49, ,742, ,625, ,367, , , :1 LEGACY PARTNERS I ALAMEDA LLC 1101 MARINA VILLAGE PKW 7, , , , , :1 LEGACY PARTNERS I ALAMEDA LLC 1101 MARINA VILLAGE PKW , , , :1 LEGACY PARTNERS I ALAMEDA II LLC MARINA VILLAGE PKWY 129, ,322, , ,877, , , :1 LEGACY PARTNERS I ALAMEDA LLC 1300 MARINA VILLAGE PKW 18, , , , , :1 SRM MARINA INVESTORS LLC 1380 MARINA VILLAGE PKW 40, ,638, , ,292, , , :1 SRM MARINA INVESTORS LLC 1070 MARINA VILLAGE PKW 135, ,262, , ,053, , , :1 SC LTD 604 & SC LTD PACIFIC MARINA 14, ,181, ,425, ,606, , , :1 ENCINAL YACHT CLUB 1201 PACIFIC MARINA 6, , , , , , :1 OAKLAND YACHT CLUB 1061 PACIFIC MARINA 48, ,527, ,527, ,055, , , :1 MARINA VILLAS LLC 1051 PACIFIC MARINA 15, ,293, , ,346, , , :1 FIRST 5 ALAMEDA COUNTY 1115 ATLANTIC AVE 32, , , N/A LEGACY PARTNERS I ALAMEDA LLC 1125 ATLANTIC AVE 32, ,154, ,951, ,106, , , :1 LEGACY PARTNERS I ALAMEDA LLC 1135 ATLANTIC AVE 35, ,287, ,817, ,104, , , :1 LEGACY PARTNERS I ALAMEDA LLC 1145 ATLANTIC AVE 47, ,708, ,059, ,768, , , :1 LEGACY PARTNERS I ALAMEDA LLC 1105 ATLANTIC AVE 52, ,897, ,093, ,991, , , :1 SRM MARINA INVESTORS LLC 1160 PACIFIC MARINA 12, , , , , , :1 PACIFIC MARINA HOSPITALITY INC PACIFIC MARINA 35, ,012, ,399, ,412, , , :1 OAKLAND YACHT CLUB 1101 PACIFIC MARINA 5, , , ,480, , , :1 Copyright NBS Page 2 of 4 12/31/ :53:28AM

13 City of Alameda to Debt Ratio Detail Report Unbilled Principal as of 6/30/2013 Account ID Property ID Owner Situs Address 8/1/2012 Billing Land Structure Total Exempt Original Principal Unbilled Principal V:D Ratio SRM MARINA INVESTORS LLC 1050 PACIFIC AVE 28, ,065, , ,180, , , :1 SRM MARINA INVESTORS LLC 1070 MARINA VILLAGE PKW 64, , ,898, ,870, , , :1 LEGACY PARTNERS I ALAMEDA LLC 950 MARINA VILLAGE PKWY 50, ,819, ,394, ,214, , , :1 LEGACY PARTNERS I ALAMEDA LLC 2060 CHALLENGER DR 37, ,353, ,861, ,215, , , :1 LEGACY PARTNERS I ALAMEDA LLC 2020 CHALLENGER DR 27, , ,785, ,773, , , :1 LEGACY PARTNERS I ALAMEDA LLC 965 ATLANTIC AVE 34, ,231, ,429, ,660, , , :1 LEGACY PARTNERS I ALAMEDA LLC 850 MARINA VILLAGE PKWY 55, ,997, ,548, ,546, , , :1 LEGACY PARTNERS I ALAMEDA LLC 2061 CHALLENGER DR 44, ,620, ,371, ,991, , , :1 LEGACY PARTNERS I ALAMEDA LLC 2021 CHALLENGER DR 28, ,020, ,308, ,329, , , :1 LEGACY PARTNERS I ALAMEDA LLC 815 ATLANTIC AVE 32, ,187, ,140, ,327, , , :1 LEGACY PARTNERS I ALAMEDA LLC 960 ATLANTIC AVE 43, ,564, ,314, ,879, , , :1 LEGACY PARTNERS I ALAMEDA LLC 980 ATLANTIC AVE 39, ,420, ,906, ,326, , , :1 ALA LLC 985 ATLANTIC AVE 22, , ,600, ,565, , , :1 LEGACY PARTNERS I ALAMEDA LLC 1000 ATLANTIC AVE 62, ,241, ,860, ,102, , , :1 SISKA ROBERT J 1005 ATLANTIC AVE 32, ,346, ,607, ,954, , , :1 LEGACY PARTNERS I ALAMEDA LLC 1015 ATLANTIC AVE 28, ,032, ,962, ,995, , , :1 LEGACY PARTNERS I ALAMEDA LLC 1025 ATLANTIC AVE 32, ,154, ,842, ,996, , , :1 LEGACY PARTNERS I ALAMEDA LLC 1010 ATLANTIC AVE 51, ,864, ,236, ,101, , , :1 LEGACY PARTNERS I ALAMEDA LLC 1020 ATLANTIC AVE 42, ,464, ,528, ,993, , , :1 District Total: 71 $2,385, $107,523, $201,863, $309,386, $0.00 $8,020, $2,224, :1 Copyright NBS Page 3 of 4 12/31/ :53:28AM

14 City of Alameda to Debt Ratio Detail Report Unbilled Principal as of 6/30/2013 Account ID Property ID Owner Situs Address 8/1/2012 Billing Land Structure Total Exempt Original Principal Unbilled Principal V:D Ratio Report Total: 71 $2,385, $107,523, $201,863, $309,386, $0.00 $8,020, $2,224, :1 * Total does not include exemptions. Copyright NBS Page 4 of 4 12/31/ :53:28AM

15 APPENDIX B: CDIAC REPORTS The following pages provide the annual filing of the California Debt and Investment Advisory Commission as was filed on October 21, Revenue Bonds Continuing Disclosure Annual Report City of Alameda Appendix B Prepared by NBS Fiscal Year Ended June 30, 2013

16 CDIAC # Monday, October 21, :33:57PM STATE OF CALIFORNIA MARKS-ROOS YEARLY FISCAL STATUS REPORT FOR AUTHORITY ISSUE California Debt and Investment Advisory Commission 915 Capitol Mall, Room 400, Sacramento, CA P.O. Box , Sacramento, CA (916) Fax (916) For Office Use Only Fiscal Year I. GENERAL INFORMATION A. Authority Issuer B. Name/ Title/ Series of Bond Issue C. Date of Bond Issue D. Original Principal Amount of Bonds E. Reserve Fund Minimum Balance F. Total Issuance Costs II. FUND BALANCE FISCAL STATUS Balances Reported as of June 30, A. Principal Amount of Bonds Outstanding B. Bond Reserve Fund C. Capitalized Interest Fund III. AUTHORITY FINANCIAL INFORMATION A. Fees Paid for Professional Services (Annual Totals) 1. Type of Service 2. Amount of Fees BK ADMIN DISC Alameda Public Financing Authority 2010 Local Agy Ref RBs $18,695, N0 $ $13,030, $0.00 $0.00 $1, $8, $1, B. Local Obligor 1. Issuer Borrower 2. Bond Purchase (BP) or Loan(L) 3. Amount of Purchase/ Loan (from Authority Issue) 4. Administration Fee (Charged to LOB) CFD No. 1 Harbor Bay BP 10,675, , C. Investment Contacts 1. Terms of Investment Contacts a. Final Maturity b. Other 2. Commission/ Fee for Contact Total 3. Interest Earnings on Contact Current $ $ D. Taxes are paid under the county's Teeter Plan IV. ISSUE RETIRED N This issue is retired and no longer subject to the Yearly Fiscal Status filing requirements. (Indicate reason for retirement.) N VIII. NAME OF PARTY COMPLETING THIS FORM Name Title Adina Light Senior Consultant Firm/ Agency Address NBS Temecula Parkway, Suite 100 City Temecula State CA Zip Code Phone Number Ext alight@nbsgov.com

17 STATE OF CALIFORNIA MARKS-ROOS YEARLY FISCAL STATUS REPORT FOR AUTHORITY ISSUE (continued) Local Obligor (cont'd) 1. Issuer Borrower 2. Bond Purchase (BP) 3. Amount of Purchase/ Loan or Loan(L) (from Authority Issue) 4. Administration Fee (Charged to LOB) Section of the California Government Code requires that all issuers selling Mark-Roos bonds, which is part of the Mark-Roos Local Bond Pooling Act of 1985, after January 1, 1996 are required to report specific information to the Commission by October 30th of the current year and each year thereafter.

18 Submitted: Monday, October 21, :20:19AM CDIAC #: STATE OF CALIFORNIA MARKS-ROOS YEARLY FISCAL STATUS REPORT FOR LOCAL OBLIGORS California Debt and Investment Advisory Commission 915 Capitol Mall, Room 400, Sacramento, CA P.O. Box , Sacramento, CA Tel: (916) Fax (916) For Office Use Only Fiscal Year California Government Code Section requires that all issuers selling Marks-Roos bonds, which is part of the Mark-Roos Local Bond Pooling Act of 1985, after January 1, 1996 are required to report specific information to the Commission by October 30th of the current year and each year thereafter, until maturity. Is this issue subject to both Marks-Roos and Mello-Roos Yearly Fiscal Status Reporting Requirements? I. GENERAL INFORMATION A. Local Obligor Issuer Alameda B. Name/ Title/ Series of Bond Issue C. Date of Bond Issue D. Original Principal Amount of Bonds E. Reserve Fund Minimum Balance Required Part of Authority Reserve Fund G. Date of Authority Bond(s) Issuance II. Fund Balance Fiscal Status Balances Reported as of : A. Principal Amount of Bonds Outstanding B. Bond Reserve Fund $0.00 C. Capitalized Interest Fund 6/30/2010 F. Name of Authority that purchased debt 6/30/2013 $0.00 Ref Ltd Oblig Imp Bonds $8,020, Yes Amount: $0.00 No X Yes Percent of Reserve fund: 0.00% No X Alameda Public Financing Authority 6/30/2010 $4,215, Yes No X III. DELINQUENT REPORTING INFORMATION Delinquent Parcel Information Reported as of Equalized Tax Roll of: 6/30/2013 A. Delinquency Rate 6.78% B. Are the Property Taxes Paid Under the County s Teeter Plan: Yes No X C. Taxes Due D. Taxes Unpaid $2,385, $161, IV. ISSUE RETIRED This issue is retired and no longer subject to the Yearly Fiscal Status report filing requirements. (Indicate reason for retirement) Matured Refunded Entirely Other If Matured, indicate final maturity date: If Refunded Entirely, state refunding bond title: and issue date: If Other: V. NAME OF PARTY COMPLETING THIS FORM Name Adina Light Title Firm/ Agency Address City/ State/ Zip Phone Number Senior Consultant NBS Temecula Parkway, Suite 100 Temecula, CA Date of Report 10/21/2013 alight@nbsgov.com Section of the California Government Code requires that all issuers selling Mark-Roos bonds, which is part of the Mark-Roos Local Bond Pooling Act of 1985, after January 1, 1996 are required to report specific information to the Commission by October 30th of the current year and each year thereafter.

19 Submitted: Monday, October 21, :20:40PM CDIAC #: STATE OF CALIFORNIA MARKS-ROOS YEARLY FISCAL STATUS REPORT FOR LOCAL OBLIGORS California Debt and Investment Advisory Commission 915 Capitol Mall, Room 400, Sacramento, CA P.O. Box , Sacramento, CA Tel: (916) Fax (916) For Office Use Only Fiscal Year California Government Code Section requires that all issuers selling Marks-Roos bonds, which is part of the Mark-Roos Local Bond Pooling Act of 1985, after January 1, 1996 are required to report specific information to the Commission by October 30th of the current year and each year thereafter, until maturity. Is this issue subject to both Marks-Roos and Mello-Roos Yearly Fiscal Status Reporting Requirements? I. GENERAL INFORMATION A. Local Obligor Issuer Alameda CFD No 1 B. Name/ Title/ Series of Bond Issue C. Date of Bond Issue D. Original Principal Amount of Bonds E. Reserve Fund Minimum Balance Required Part of Authority Reserve Fund G. Date of Authority Bond(s) Issuance II. Fund Balance Fiscal Status Balances Reported as of : A. Principal Amount of Bonds Outstanding $8,815, B. Bond Reserve Fund $1,067, C. Capitalized Interest Fund 7/22/2010 F. Name of Authority that purchased debt 6/30/2013 $ Special Tax Ref Bonds $10,675, Yes X $881, Amount: Yes Percent of Reserve fund: 0.00% No X Alameda Public Financing Authority 6/30/2010 Yes X No No III. DELINQUENT REPORTING INFORMATION Delinquent Parcel Information Reported as of Equalized Tax Roll of: 6/30/2013 A. Delinquency Rate 2.03% B. Are the Property Taxes Paid Under the County s Teeter Plan: Yes No X C. Taxes Due D. Taxes Unpaid $1,474, $29, IV. ISSUE RETIRED This issue is retired and no longer subject to the Yearly Fiscal Status report filing requirements. (Indicate reason for retirement) Matured Refunded Entirely Other If Matured, indicate final maturity date: If Refunded Entirely, state refunding bond title: and issue date: If Other: V. NAME OF PARTY COMPLETING THIS FORM Name Adina Light Title Firm/ Agency Address City/ State/ Zip Phone Number Senior Consultant NBS Temecula Parkway, Suite 100 Temecula, CA Date of Report 10/21/2013 alight@nbsgov.com Section of the California Government Code requires that all issuers selling Mark-Roos bonds, which is part of the Mark-Roos Local Bond Pooling Act of 1985, after January 1, 1996 are required to report specific information to the Commission by October 30th of the current year and each year thereafter.

20 Submitted: Monday, October 21, :24:27PM CDIAC #: I. GENERAL INFORMATION A. Issuer B. Community Facilities District Number/ Name C. Name/ Title/ Series of Bond Issue D. Date of Bond Issue E. Original Principal Amount of Bonds F. Reserve Fund Minimum Balance Required STATE OF CALIFORNIA MELLO-ROOS COMMUNITY FACILITIES DISTRICT (CFD) YEARLY FISCAL STATUS REPORT California Debt and Investment Advisory Commission 915 Capitol Mall, Room 400, Sacramento, CA P.O. Box , Sacramento, CA (916) Fax (916) Alameda CFD No 1 Harbor Bay 2010 Special Tax Ref Bonds 7/22/2010 $10,675, $881, For Office Use Only Fiscal Year II. FUND BALANCE FISCAL STATUS Balances Reported as of: A. Principal Amount of Bonds Outstanding B. Bond Reserve Fund C. Capitalized Interest Fund D. Construction Fund(s) 6/30/2013 $8,815, $1,067, $0.00 $0.00 III. ASSESSED VALUE OF ALL PARCELS IN CFD SUBJECT TO SPECIAL TAX A. Assessed or Appraised Reported as of: 1/1/2013 (Use Appraised only in first year of CFD or before annual tax roll billing commences) B. Total Assessed of All Parcels $400,047, IV. TAX COLLECTION INFORMATION A. Total Amount of Special Taxes Due Annually B. Total Amount of Unpaid Special Taxes Annually $1,474, $29, C. Are the Special Taxes are Paid Under the County s Teeter Plan. N V. DELINQUENT REPORTING INFORMATION Delinquent Parcel Information Reported as of Equalized Tax Roll of: 6/30/2013 A. Total Number of Delinquent Parcels 17 B. Total Amount of Taxes Due on Delinquent Parcels (Do not include penalties, penalty interest, etc.) VI. FORECLOSURE INFORMATION FOR FISCAL YEAR (Aggregate totals, if foreclosure commenced on same date) $40, (Attach additional sheets if necessary.) Date Foreclosure Commenced Total Number of Foreclosure Parcels Total Amount of Tax Due on Foreclosure Parcels

21 Submitted: Monday, October 21, :24:27PM CDIAC #: STATE OF CALIFORNIA MELLO-ROOS COMMUNITY FACILITIES DISTRICT (CFD) YEARLY FISCAL STATUS REPORT California Debt and Investment Advisory Commission 915 Capitol Mall, Room 400, Sacramento, CA P.O. Box , Sacramento, CA (916) Fax (916) For Office Use Only Fiscal Year VII. ISSUE RETIRED This issue is retired and no longer subject to the Yearly Fiscal Status report filing requirements. (Indicate reason for retirement) Matured Refunded Entirely Other If Matured, indicate final maturity date: If Refunded Entirely, state refunding bond title: and issue date: If Other: VIII. NAME OF PARTY COMPLETING THIS FORM Name Title Firm/ Agency Address City/ State/ Zip Phone Number Adina Light Senior Consultant NBS Temecula Parkway, Suite 100 Temecula, CA Date of Report 10/21/2013 IX. ADDITIONAL INFORMATION\ COMMENTS Completion and submittal of this form to the California Debt and Investment Advisory Commission will assure your compliance with California State law. Section of the California Government Code requires that all agencies issuing Mello-Roos Community Facilities bonds after January 1, 1993 to report specific information to the Commission by October 30th of each year. Note: If there are one or more loans associated with this Authority Issue, CDIAC must confirm receipt of this report prior to online

22 APPENDIX C: SENATE BILL 165 Senate Bill 165, filed with the Secretary of State on September 19, 2000, enacted the Local Agency Special Tax and Bond Accountability Act. This Act requires that any local special tax or local bond measure subject to voter approval contain a statement indicating the specific purposes of the special tax, require that the proceeds of the special tax be applied to those purposes, require the creation of an account into which the proceeds shall be deposited, and require an annual report containing specified information concerning the use of the proceeds. The Act only applies to any local special tax measure or local bond measure adopted on or after January 1, 2001 in accordance with Section or Section of the California Government Code. Some of the requirements of the Act are handled at the formation of the Special Tax District and others are handled through annual reports. This Section of this report intends to comply with Section or Section of the California Government Code that states: The chief fiscal officer of the issuing local agency shall file a report with its governing body no later than January 1, 2002, and at least once a year thereafter. The annual report shall contain all of the following: (a) The amount of funds collected and expended. (b) The status of any project required or authorized to be funded as identified in subdivision (a) of Section or Section The requirements of the Act apply to the Funds of: Purpose of Special Tax City of Alameda Community Facilities District No. 1 (Harbor Bay) July 22, 2010 The Harbor Bay Community Facilities District No. 1 (the District ) was formed by the City of Alameda (the City ) in 1989 to finance public facilities such as street improvements, storm drainage improvements, public park improvements, construction of fire protection facilities, and the acquisition of a school site. In 1996, the bonds were refunded and purchased by the Alameda Public Financing Authority Local Agency Revenue Bonds, 1996 Series A (the Prior Revenue Bonds ). The Prior Revenue Bonds were refunded in July 2010 by the Alameda Public Financing Authority Local Agency Refunding Revenue Bonds, Series 2010A and Subordinate Series 2010B (the Revenue Bonds ). Reporting Requirements Fund (1) Initial Deposit 06/30/2013 Balance Expended Amount Reserve Fund $1,067,500 $1,067,639 $0 Bond Fund (2) 47,350 1,344,138 1,330,950 (1) CFD 1 (Harbor Bay) was refunded in July 2010 by the Alameda Public Financing Authority Local Agency Refunding Revenue Bonds. The funds listed along with their Initial Deposit are reported based upon the refunding issue. (2) Expended amount is equal to the debt service for 9/2/2012 and 3/2/ Revenue Bonds Continuing Disclosure Annual Report City of Alameda Appendix C Prepared by NBS Fiscal Year Ended June 30, 2013