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File Number: 13-401 Due Diligence Review process, also demanded that the Successor Agency remit a fund balance of $3.9m that had been reserved for this obligation. The Successor Agency filed a legal challenge to these determinations and a settlement in July 2013 resolved the issues in the Successor Agency’s favor . The remaining balance on this obligation is expected to be fully paid by June 2014, and will be paid as follows: ·Existing LMIHF balance: $3.9m ·Redevelopment Property Tax Trust Fund (RPTTF) payment from the July-December 2013 ROPS (ROPS 13-14A): $1.1m ·Redevelopment Property Tax Trust Fund (RPTTF) payment from the January-June 2014 ROPS (ROPS 13-14B): $2.0m Litigation Expenditures Health and Safety Code Section 34171(b) states that litigation expenses do not count against the administrative budget allowance. The Successor Agency has three active or potential claims against the DOF. Two of these actions were resolved in the Successor Agency’s favor and are not expected to incur further charges after the conclusion of the next ROPS period. A legal challenge related to loans made by the City to the Redevelopment Agency is still pending, as noted above. Community Benefit District In July 2013, a Community Benefit District was formed to generate funding to support Downtown San Leandro. The Successor Agency presently owns ten parcels that are located inside the Benefit District. Although the Successor Agency did not vote during the balloting process, it is subject to this assessment now that it is in effect . The Successor Agency’s assessment for 2013-14 will be $36,508.10 and this amount has been added to the ROPS as a new obligation. Administrative Budget The ROPS also contains an administrative budget for the Successor Agency . Based on direction from the California Department of Finance, the amount of the administrative allowance is the greater of 3% of funds received from the Redevelopment Property Tax Trust Fund or $250,000 annually. Because sufficient RPTTF was not available , the Successor Agency did not receive any Administrative Allowance under ROPS 13-14A and the Agency is therefore requesting its full annual allotment on the current ROPS. The amount requested is calculated as follows. Approved RPTTF from ROPS 13-14A: $5,239,717 Requested RPTTF from ROPS 13-14B:$5,007,865 Total RPTTF for the 2013-14 fiscal year:$10,247,582 Allowed Administrative Allowance (3%)$307,427 The Oversight Board is scheduled to approve this ROPS on September 18, 2013 and it will be forwarded to the DOF, the State Controller’s Office and the Alameda County Auditor Controller after that action is finalized. Previous Actions ·On January 9, 2012, the City Council affirmed its decision to have the City serve as the Page 3 City of San Leandro Printed on 9/11/2013