8J Consent 2012 0117 - Laserfiche WebLink

Home

E) Amount allocated to school or community college districts: (Pass- Through /School District Assistance form, Total column for School District and Community College Districts, from the Financial Transaction Report) • Plaza Project Area: $7,054 • City of San Leandro — Alameda County Project Area $472,710 • West San Leandro /MacArthur Blvd Project Area $158,644 Clarification Section 33080.5 (e) indicates that payments made to these entities are to include those required under Sections 33401, 33445, 33445.5, paragraph (2) of subdivision (a) of Section 33676; and 33681. Since the Pass - Through /School District Assistance form does not include payments made under Section 33445 and 33445.5 in the total column, these will have to added to the totals shown. This form does also show payments made under Section 33607 which is not specified by the Code to be part of this reporting; therefore, those amount should be removed. Additionally, this form does not include payments made under Sections 33681; therefore, any of those payments will have to be added to amounts presented. F) The amount of existing indebtedness, and the total amount of payments, required to be paid on existing indebtedness for the fiscal year: Total Debt Payments • Plaza Project Area: $22,817,461 $1,370,413 • City of San Leandro —Alameda County Project Area $120,933,455 $4,797,259 • West San Leandro /MacArthur Blvd Project Area $13,455,225 $394,425 Clarification This citation is not complete and it is a very unique and old requirement. Section 33080.5 states. "The amount of existing indebtedness, as defined in Section 33682, and the total amount of payments required to be paid on existing indebtedness for that fiscal year." Thus, the definition for this indebtedness is from Section 33682 and that section defines indebtedness as ".. . obligations incurred by a redevelopment agency prior to the effective date of the statute that adds this chapter, the payment of which is to be made in whole or in part, directly or indirectly, out of taxes allocated to the agency . . ." This section was effective June 30, 1993 and is referring to debt present prior to the 1992 -93 fiscal year.