Recognized Obligation Payment Schedule (ROPS 13-14B) - Summary Filed for the January 1, 2014 through June 30, 2014 Period

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1 Recognized Obligati Payment Schedule (ROPS 1314B) Summary Filed for the January 1, 2014 through June 30, 2014 Period Name of Successor Agency: Name of County: Vacaville Solano Current Period Requested Funding for Outstanding Debt or Obligati SixMth Total Enforceable Obligatis Funded with NRedevelopment Property Tax Trust Fund () Funding A Sources (B+C+D): 11,532,740 B Bd Funding (ROPS Detail) 11,460,304 C Reserve Balance Funding (ROPS Detail) D Other Funding (ROPS Detail) 72,436 E Enforceable Obligatis Funded with Funding (F+G): 7,661,846 F NAdministrative Costs (ROPS Detail) 7,438,685 G Administrative Costs (ROPS Detail) 223,161 H Current Period Enforceable Obligatis (A+E): 19,194,586 Successor Agency SelfReported Prior Period Adjustment to Current Period Requested Funding I Enforceable Obligatis funded with (E): 7,661,846 J Less Prior Period Adjustment (Report of Prior Period Adjustments Column U) (2,339,098) K Adjusted Current Period Requested Funding (IJ) 5,322,748 County Auditor Ctroller Reported Prior Period Adjustment to Current Period Requested Funding L Enforceable Obligatis funded with (E): 7,661,846 M Less Prior Period Adjustment (Report of Prior Period Adjustments Column AB) N Adjusted Current Period Requested Funding (LM) 7,661,846 Certificati of Oversight Board Chairman: Pursuant to Secti 34177(m) of the Health and Safety code, I hereby certify that the above is a true and accurate Recognized Obligati Payment Schedule for the above named agency. /s/ Name Signature Title Date

2 Recognized Obligati Payment Schedule (ROPS) 1314B Report of Fund Balances Pursuant to Health and Safety Code secti 34177(l), Redevelopment Property Tax Trust Fund () may be listed as a source of payment the ROPS, but ly to the extent no other funding source is available or when payment from property tax revenues is required by an enforceable obligati. A B C D E F G H I J K Fund Sources Bds Issued or before Bds Issued or after 01/01/11 g Review balances retained for approved enforceable obligatis balances retained for bd reserves Other Rent, Grants, Interest, Etc. NAdmin Admin ROPS III Actuals (01/01/13 6/30/13) Beginning Fund Balance (Actual 01/01/13) Note that for the, should tie to columns L and Q in the 1 Report of Prior Period Adjustments (PPAs) 11,977,348 4,060,433 28,269,222 44,307,003 2 Revenue/Income (Actual 06/30/13) Note that the amounts should tie to the ROPS III distributis from the County Auditor Ctroller 6, ,559 4,750, ,223 5,086, Fund Balance Informati by ROPS Period Expenditures for ROPS III Enforceable Obligatis (Actual 06/30/13) Note that for the, should tie to columns N and S in the Report of PPAs 6,251 87,559 23,161, ,223 23,496,726 Retenti of Fund Balance (Actual 06/30/13) Note that the NAdmin amount should ly include the retenti of reserves for debt service approved in ROPS III 11,977,393 4,061,140 4,620,000 20,658,533 ROPS III Prior Period Adjustment Note that the net N Admin and Admin amounts should tie to columns O and T in the Report of PPAs. Bd No entry required Reserve Balance Total 2,339,098 2,339,098 Comments 6 Ending Actual Fund Balance ( ) 5,237,994 2,898,896 ROPS 1314A Estimate (07/01/13 12/31/13) Beginning Fund Balance (Actual 07/01/13) (C, D, E, G, 7 and I = 4 + 6, F = H4 + F6, and H = 5 + 6) 11,977,393 4,620,000 7,577,092 25,896,527 8 Revenue/Income (Estimate 12/31/13) Note that the amounts should tie to the ROPS 1314A distributis from the County AuditorCtroller 6, ,000 7,221, ,949 7,591,360 9 Expenditures for 1314A Enforceable Obligatis (Estimate 12/31/13) 512,441 94,000 7,221, ,949 8,097, Retenti of Fund Balance (Estimate 12/31/13) Note that the amounts may include the retenti of reserves for debt service approved in ROPS 1314A 11,471,152 4,620,600 16,091, Ending Estimated Fund Balance ( ) 7,577,092 9,299,134

3 Recognized Obligati Payment Schedule (ROPS ) 1314B ROPS Detail January 1, 2014 through June 30, 2014 A B C D E F G H I J K L M N O P Funding Source NRedevelopment Property Tax Trust Fund (N) Ctract/Agreement Ctract/Agreement Total Outstanding Item # Project Name / Debt Obligati Obligati Type Executi Date Terminati Date Payee Descripti/Project Scope Project Area Debt or Obligati Retired Bd Reserve Balance Other Funds NAdmin Admin SixMth Total 148,568,661 11,460,304 72,436 7,438, ,161 19,194, Tax Allocati Bds Revenue Bds 8/1/2001 9/1/2031 US Bank Trust Services Bd issue to fund infrastructure I50580/VACA 37,040,200 N 42, , , Tax Revenue Bds ABAG Revenue Bds 4/1/2006 9/1/2026 US Bank Trust Services Bd issue to fund infrastructure I ,585,744 N 40,984 40, A Multifamily Mortgage Revenue Bds Taxable Housing Bds Bds Issued On or Before Taxable Housing Bds Bds Issued On or Before Tax Allocati Bds 6/28/ /1/2024 US Bank Trust Services Bd issue to fund housing projects I50580/VACA 2,025,720 N 43,342 43,342 8/1/2006 9/1/2032 US Bank Trust Services Bd issue to fund housing projects I50580/VACA 28,340,641 N 509, ,858 8/1/2006 9/1/2032 City of Vacaville (Housing Successor) Revenue Bds 8/1/2001 9/1/2031 Various Per H&S Secti (c )(1), 175,000 (I50580) and 1,390,000 (VACA) bd proceeds derived from bds issued or before December 31, 2010 shall be used for the purposes for which the bds were sold. to be spent infrastructure as required by bd Per H&S Secti 34176(g)(1), 6,214, bd proceeds to fulfill legal obligatis of tax allocati bd covenants secured with a pledge of Low and Moderate Income Housing Funds. to be spent housing projects as required by bd I50580/VACA 5,701,918 N 5,701,918 5,701,918 I50580/VACA 1,492,697 N 1,492,697 1,492, Tax Revenue Bds ABAG Revenue Bds 4/1/2006 9/1/2026 Various Per H&S Secti (c )(1), 92,000 bd proceeds derived from bds issued or before December 31, 2010 shall be used for the purposes for which the bds were sold. to be spent sewer main extensis and other redevelopment projects as required by bd I ,623 N 91,623 91,623 8 Community Facilities District Fees OPA/DDA/Cstructi 6/28/2011 6/28/2025 City of Vacaville Community Facilities District Fees I50580/VACA 0 N 9 VYSL Agreement OPA/DDA/Cstructi 6/3/1998 6/3/2013 Various Dispositi and Development VACA 0 N Agreement mitoring 10 Assessments Business Incentive 10/15/ /31/2014 Vacaville Hda Reimbursement of special I ,048 N 10,048 10,048 Hda 11 Assessments Mazda Business Incentive 12/31/ /31/2014 Vacaville Mazda Reimbursement of special I ,056 N 10,056 10, Assessments Business Incentive 5/6/ /31/2014 Dodge Chrysler Jeep Reimbursement of special I ,982 N 10,982 10,982 Dodge/Chrysler/Jeep/Nissan Nissan 13 Assessments Business Incentive 11/3/ /31/2014 Vacaville Chevrolet Reimbursement of special I ,012 N 10,012 10,012 Chevy 14 Assessments Business Incentive 11/3/ /31/2014 Vacaville Toyota Reimbursement of special I ,270 N 18,270 18,270 Toyota 15 Assessments Business Incentive 3/15/ /31/2014 Bartase Reimbursement of special I ,459 N 17,456 17,456 Bartase 16 SERAF Loan SERAF/ERAF 12/1/2009 6/1/2015 City of Vacaville (Housing Successor) Loan for 2010 SERAF payment I50580/VACA 3,118,743 N 17 Administrative Costs Admin Costs 2/1/2012 9/1/2032 Various Payroll and other Successor Agency costs I50580/VACA 3,481,306 N 223, , Employee Separati Costs Unfunded Liabilities 2/1/2012 9/1/2032 Various Ctract Agreement Expenses I50580/VACA 49,925 N 83,485 83, Genentech Participati Agreement Business Incentive 6/23/1995 6/23/2025 Genentech Reimbursement of property tax I ,554,768 N 3,000,000 3,000, Nut Tree Participati Agreement OPA/DDA/Cstructi 11/10/ /10/2016 Nut Tree Partners Reimbursement of Development I ,100,000 N 2,100,000 2,100,000 DIF Impact Fees 21 Nut Tree Participati Agreement Project OPA/DDA/Cstructi 11/10/2010 9/1/2032 Various Legal, Professial, Technical Services, mailing services, project expenses I ,645,328 N 175, , Nut Tree TIF Agreement Business Incentive 6/16/ /1/2015 City of Vacaville Traffic Impact Fee Agreement I ,961 N 1,469 1, Property Tax Assessments Miscellaneous 7/10/1992 9/1/2032 Solano County Property Tax Assessments I50580/VACA 54,029 N

4 Recognized Obligati Payment Schedule (ROPS ) 1314B ROPS Detail January 1, 2014 through June 30, 2014 A B C D E F G H I J K L M N O P Funding Source NRedevelopment Property Tax Trust Fund (N) Ctract/Agreement Ctract/Agreement Total Outstanding Item # Project Name / Debt Obligati Obligati Type Executi Date Terminati Date Payee Descripti/Project Scope Project Area Debt or Obligati Retired Bd Reserve Balance Other Funds NAdmin Admin SixMth Total 24 Property Maintenance Property 7/10/1992 9/1/2032 Various Weed abatement, Fencing, Graffitti I50580/VACA 279,646 N 30,413 17,926 48,339 Maintenance Abatement, maintenance of owned properties/assets 25 Post Retirement Benefits Unfunded Liabilities 2/1/2012 9/1/2032 Various Post employment retirement and I50580/VACA 119,590 N 7,666 7,666 health costs Tax Allocati Bds Revenue Bds 2/1/1996 9/1/2022 US Bank Trust Services Bd issue to fund infrastructure VACA 4,567,903 N 95,228 95, Tax Allocati Bds Revenue Bds Tax Allocati Bds Revenue Bds Tax Allocati Bds Revenue Bds 3/1/2000 9/1/2031 US Bank Trust Services Bd issue to fund infrastructure VACA 6,299,433 N 129, ,649 3/1/2000 9/1/2031 US Bank Trust Services Bd retirement to meet tax increment cap VACA 4,565,000 N 3/1/2000 9/1/2031 Various Per H&S Secti (c )(1), 4,450,000 bd proceeds derived from bds issued or before December 31, 2010 shall be used for the purposes for which the bds were sold. to be spent infrastructure as required by bd VACA 4,174,066 N 4,174,066 4,174, Beck & Clark Loan ThirdParty Loans 2/24/1999 3/1/2020 Beck & Clark Financed land purchase VACA 252,080 N 22,243 22, Klotz Loan ThirdParty Loans 7/16/2004 2/1/2015 Klotz, Albert R Financed land purchase VACA 117,568 N 49,075 49, Babingt Loan ThirdParty Loans 11/13/ /15/2016 Babingt, Richard Financed housing land purchase VACA 187,165 N 33 Capitalized Lease Miscellaneous 9/27/ /14/2025 Willingt Trust Securitizati of Vacaville Skating VACA 1,707,020 N 96,201 96,201 Center 34 Carnegie Library Miscellaneous 12/17/ /16/2022 Solano County Property Assessments VACA 43,876 N 35 AB1484 Requirements Dissoluti Audits 9/1/2012 2/28/2013 Badawi & Associates AB1484 review of Low and Moderate I50580/VACA 0 N Income Housing Fund and other funds by independent licensed accountant 36 Real Property Dispositi Plan Property 1/1/2013 9/1/2032 Various Plan development and implementati I50580/VACA 551,091 N 183, ,697 Dispositis including: Successor Agency staff, professial services, title, closing costs, etc. 37 Commercial Lease Marsh Litigati 12/15/ /15/2012 Wayne Marsh Settlement under investigati litigati forthcoming VACA 0 N 38 Commercial Lease Creekside Litigati 3/1/ /15/2012 Creekside Bar & Grill, LLC Settlement under investigati litigati forthcoming VACA 0 N 39 VUSD Settlement Litigati 9/1/2013 6/30/2014 Vacaville Unified School District Settlement related to calculati of ERAF payments I50580/VACA 247,793 N 247, ,793

5 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z AA AB Recognized Obligati Payment Schedule (ROPS) 1314B Report of Prior Period Adjustments Reported for the ROPS III (January 1, 2013 through June 30, 2013) Period Pursuant to Health and Safety Code (HSC) secti (a) ROPS III Successor Agency (SA) Selfreported Prior Period Adjustments (PPA): Pursuant to HSC Secti (a), SAs are required to report the differences between their actual available funding and their actual expenditures for the ROPS III (July through December 2013) period. The amount of Redevelopment Property Tax Trust Fund () approved for the ROPS 1314B (January through June 2014) period will be offset by the SA s selfreported ROPS III prior period adjustment. HSC Secti (a) also specifies that the prior period adjustments selfreported by SAs are subject to audit by the county auditorctroller (CAC) and the State Ctroller. ROPS III CAC PPA: To be completed by the CAC up submittal of the ROPS 1314B by the SA to Finance and the CAC N Expenditures Expenditures Item # Project Name / Debt Obligati LMIHF (Includes LMIHF Due Diligence Review (DDR) retained balances) Bd Reserve Balance (Includes Other Funds and Assets DDR retained balances) Other Funds Authorized Actual Authorized Actual Authorized Actual Authorized Actual Authorized (ROPS III distributed + all other available as of 1/1/13) Net SA NAdmin NAdmin Admin and Admin PPA NAdmin CAC Admin CAC Authorized/ Actual (If M is less than N, the difference is Authorized (ROPS III distributed + all other available as of 1/1/13) Actual (If R is less than S, the difference is Net (Amount Used to Offset ROPS 1314B Requested (O + T)) Actual (If V is less than W, the difference is Actual 85,284 85,284 8,040,751 8,040,751 5,704,366 2,339, , , ,233 2,339,098 (If Y is less than Z, the difference is Net (Amount Used to Offset ROPS 1314B Requested (X + AA) Tax Allocati Bds 74,406 74, , , ,653 3,010 3, Tax Revenue Bds 2 ABAG 46,719 46,719 45,507 1,212 1, A Multifamily Mortgage 45,891 45,891 44,446 1,445 1,445 Net CAC N Admin and Admin PPA Taxable Housing Bds 531, , ,433 6,125 6, Taxable Housing Bds Tax Allocati Bds Tax Revenue Bds 7 ABAG Community Facilities District 8 Fees 9 VYSL Agreement 1,571 1,571 1,571 1, AssessmentsHda 5,165 5,165 1,876 3,289 3, AssessmentsMazda 5,169 5,169 5,169 5,169 Assessments 12 Dodge/Chrysler/Jeep/Nissan 5,638 5,638 5,638 5, AssessmentsChevy 5,147 5,147 5,147 5, AssessmentsToyota 9,330 9,330 9,330 9, AssessmentsBartase 8,919 8,919 8,919 8, SERAF Loan 17 Administrative Costs 241, , , Employee Separati Costs Genentech Participati 19 Agreement 3,500,000 3,500,000 2,273,400 1,226,600 1,226,600 Nut Tree Participati 20 AgreementDIF 751, , , ,200 Nut Tree Participati 21 AgreementProject 44,503 44,503 24,358 20,145 20, Nut Tree TIF Agreement 2,923 2,923 2, Property Tax Assessments 24 Property Maintenance 10,878 10,878 19,816 19,816 19, Post Retirement Benefits 11,770 11,770 11, Tax Allocati Bds 103, , , Tax Allocati Bds 179, , , Tax Allocati Bds 1,120,000 1,120,000 1,120, Tax Allocati Bds Beck & Clark Loan 22,243 22,243 22, Klotz Loan 49,075 49,075 49, Babingt Loan 53,705 53,705 53, Capitalized Lease 96,201 96,201 96,201 96, Carnegie Library 35 AB1484 Requirements 9,000 9,000 9, Real Property Dispositi Plan 183, , , , Commercial Lease Marsh 70,309 70,309 60,031 10,278 10, Commercial Lease Creekside 610, , ,

Agenda Item No. 6A September 24, 2013

Agenda Item No. 6A September 24, 2013 TO: FROM: SUBJECT: Honorable Mayor and City Council Members, Acting as the Governing Board of the Successor Agency of the Redevelopment Agency of the City of Vacaville