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<br />25 <br />These actions will include, without limitation, placing on the periodic Recognized <br />Obligation Payment Schedule for approval by the Oversight Board and State Department of <br />Finance the amounts to be held by the Successor Agency as a reserve until the next six-month <br />period, as contemplated by paragraph (1)(A) of subdivision (d) of Section 34171 of the <br />Dissolution Act, that are necessary to comply with the Indenture. <br /> <br />In addition, of the amounts received by the Successor Agency on the January 2, 2018 <br />distribution date, $_________ will be transferred to U.S. Bank National Association, as trustee <br />of the Prior Bonds, for deposit and application under and pursuant to the Prior Bonds Refunding <br />Instructions. The remaining portion of the amounts received by the Successor Agency on the <br />January 2, 2018 distribution date that otherwise would have been applied to the payment of <br />debt service on the Prior Bonds or reserved for such purpose, being $___________, will be <br />applied as provided in the Indenture to pay debt service on the 2018 Bonds on the Interest <br />Payment Date of September 1, 2018. Any of such amounts so deposited in the Debt Service <br />Fund not required to be deposited in the Interest Account or the Principal Account in connection <br />with the payment of debt service on the 2018 Bonds on the Interest Payment Date of <br />September 1, 2018 pursuant to the terms of the Indenture shall be retained in the Debt Service <br />Fund and deposited in the Interest Account in connection with the Interest Payment Date of <br />March 1, 2019 for payment of debt service on the 2018 Bonds pursuant to the terms of the <br />Indenture. <br /> Amendment to ROPS Commencing with 2018A-19B ROPS. The Successor Agency <br />will, not later than October 1, 2018, submit to the DOF and to the County Auditor-Controller an <br />Oversight Board-approved amendment to the Recognized Obligation Payment Schedule <br />previously submitted by the Successor Agency relating to the June 1, 2018 and January 2, 2019 <br />disbursement dates, amending the amounts to be distributed on January 2, 2019 to include all <br />amounts that, together with other amounts on deposit in the Redevelopment Property Tax Trust <br />Fund reserved for payment of debt service on the 2018 Bonds and any Parity Debt or on <br />deposit in the Debt Service Fund or in the special fund relating to such other debt, are sufficient <br />for the payment of debt service on the 2018 Bonds and any Parity Debt on March 1, 2019 and <br />on September 1, 2019. <br /> Requirements Regarding ROPS Commencing with 2019A-20B ROPS. Not later than <br />February 1, 2019 and each February 1 thereafter (or at such other time as may be required by <br />the Dissolution Act) for so long as any of the Bonds or any Parity Debt remain outstanding, the <br />Successor Agency shall submit to the DOF and to the County Auditor-Controller an Oversight <br />Board-approved Recognized Obligation Payment Schedule that provides for the distribution of <br />the following amounts: <br /> <br />(A) for distribution on each January 2 (commencing January 2, 2020): <br /> <br /> (i) all interest coming due and payable on the Bonds and any Parity <br />Debt, on the next succeeding March 1 and September 1, and <br /> <br />(ii) all principal coming due and payable on the Bonds and any Parity <br />Debt on the next succeeding September 1 (or such lesser or greater amount as <br />is necessary to ensure that the principal of the Bonds and any Parity Debt is paid <br />on a timely basis on each September 1); and <br /> <br />(B) if Tax Revenues received on January 2 are insufficient, for distribution on <br />each June 1 (commencing June 1, 2020), if the Successor Agency determines it is <br />130