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File Number: 18-008 <br />Obligations. Enforceable Obligations are defined as: <br />·Bonds including debt service reserve set asides and any other required payments; <br />·Loans borrowed by the Agency; <br />·Payments required by the federal or state governments; <br />·Pension and unemployment payments for Agency employees; <br />·Judgments, settlements or binding arbitration decisions; and <br />·Any legally binding and enforceable contract that does not violate the debt limit or public <br />policy. <br />Funding is requested for the following Enforceable Obligations on the Fiscal Year 2018-2019 <br />ROPS: <br />·2008 Tax Allocation Bonds - $3,064,407 <br />o Annual debt service payment per payment schedule. <br />·Urban Analytics - $6,500 <br />o Consultant performing continuing disclosure requirements for bonds and fiscal analysis <br />of tax enforcement <br />·232 East 14th Street Senior Housing - $65,798 <br />o Annual debt service payment for HUD Section 108 Loan per payment schedule <br />·Sales Tax Rebate Ford Store - $317,288 estimated <br />o Sales tax rebate per the 2000 Owner Participation Agreement, which rebates 50% of <br />sales tax received above a base of $277,000. <br />·Casa Verde Operating Agreement - $142,606 estimated <br />o 30 Year Annual Operating Subsidy for Mercy Housing for development of affordable <br />housing at the former Islander Motel at 2398 E 14th St. Payments per schedule <br />established in 2006 Disposition and Development Agreement. <br />·Successor Agency Administration - $250,000 <br />o Based on AB x1 26, the amount permitted to fund staff and legal costs and expenses <br />for Successor Agency Administration is the greater of 3% of funds received from the <br />Redevelopment Property Tax Trust Fund or $250,000 annually. For the 2018-19 ROPS <br />period, the $250,000 minimum will apply. <br />·San Leandro Improvement Association - $10,000 <br />o Assessment payments for Successor Agency-owned properties in the downtown <br />business improvement district. Actual amount based on annual assessment charges. <br />·2001 Certificates of Participation/2013 Lease Revenue Bonds - $544,450 <br />o Annual debt service payment per payment schedule. <br />·2014 Tax Allocation Bonds - $1,211,738 <br />o Annual debt service payment per payment schedule. 2014 bonds replaced 2002 <br />Plaza Area and 2004 West San Leandro Area Bonds. <br />·Plaza Project Loan - $386,000 <br />o Annual debt service payment from Successor Agency to City General Fund. 2004 Loan <br />from City to Redevelopment Agency was reinstated in 2016 and payments began on <br />Page 2 City of San Leandro Printed on 1/9/2018