Successor Agency Contact Information. Name of Successor Agency: Scott Hanin. Primary Contact Title:

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1 Successor gency Contact Information Primary Contact Name: Scott Hanin Primary Contact Title: City Manager ddress 890 San Pablo ve,, C Contact Phone Number: Contact ddress: shanin@ci.elcerrito.ca.us Secondary Contact Name: Lori Trevino Secondary Contact Title: Economic Development Manager Secondary Contact Phone Number: Secondary Contact ddress: ltrevino@ci.elcerrito.ca.us

2 SUMMRY OF RECOGNIZED OBLIGTION PYMENT SCHEDULE Filed for the January 1, 20 to June 30, 20 Period See ttached Page of Explanatory Notes for Lines B, C E and G Total Outstanding Debt or Obligation Outstanding Debt or Obligation $ 5,530,435 Current Period Outstanding Debt or Obligation SixMonth Total vailable Revenues Other Than nticipated RPTTF Funding B nticipated Enforceable Obligations Funded with RPTTF 2,959,899 C nticipated dministrative llowance Funded with RPTTF D Total RPTTF Requested (B + C = D) 2,959,899 Total Current Period Outstanding Debt or Obligation ( + B + C = E) Should be the same amount as ROPS form sixmonth total $ 2,959,899 E F Enter Total SixMonth nticipated RPTTF Funding (Obtain from county auditorcontroller) Variance (E D = F) Maximum RPTTF llowable should not exceed Total nticipated RPTTF Funding $ (2,959,899) Prior Period (January 1, 2012 through June 30, 2012) Estimated vs. ctual Payments (as required in HSC section (a)) G Enter Estimated Obligations Funded by RPTTF (Should be the lesser of Finance's approved RPTTF amount including admin allowance or the actual amount distributed) H Enter ctual Obligations Paid with RPTTF I Enter ctual dministrative Expenses Paid with RPTTF J djustment to Redevelopment Obligation Retirement Fund (G (H + I) = J) K djusted RPTTF (The total RPTTF requested shall be adjusted if actual obligations paid with RPTTF are less than the estimated obligation amount.) $ 2,959,899 Certification of Oversight Board Chairman: William C. Jones III Chairperson Pursuant to Section 34177(m) of the Health and Safety code, Name Title I hereby certify that the above is a true and accurate Recognized Obligation Payment Schedule for the above named agency. Signature

3 Oversight Board pproval : ugust 27, 2012 RECOGNIZED OBLIGTION PYMENT SCHEDULE (ROPS III) January 1, 20 through June 30, 20 See ttached Page of Explanatory Notes Project Name / Debt Item # Obligation Grand Total Tax llocation Bonds 1997 Tax llocation Bonds 1998 B Tax llocation Bonds 2004 Contract/ greement Execution Contract/ greement Termination Payee 12/17/1997 7/1/ /17/1997 7/1/2015 /21/2004 7/1/2023 Description/ Project Scope TB for Redev TB for L&M Hsg Taxexempt TB for Infrastructure Project rea Total Outstanding Total Due Funding Source Debt or During Obligation as of 6/30/12 Fiscal Year 2012 LMIHF Bond Proceeds Reserve Balance dmin llowance RPTTF Other SixMonth Total 5,530,435 6,446,147 2,959,899 2,959,899 4,191,180 1,040, , , , ,764 2,0 2,0,645,964 1,184, ,4 758,4 4 Tax llocation Bonds 2004 B NonHsg /21/2004 7/1/2012 Taxable TB for Redev 481, ,045 5 Tax llocation Bonds 2004 B Hsg /21/2004 7/1/2023 Taxable TB for L&M Hsg 5,389,5 406,308 4,888 4, SERF Loan 2/16/20 N City L&M Housing Fund Funds advanced for SERF payment 995, ERF Loan 4/17/2006 N City L&M Housing Fund Funds advanced for ERF payment 251,577 8 ccrued Vacation Liability N N ccrued Vacation Liability of RDfunded employees 19,392 19,392 19,392 19,392 9 Valente Promissory Note 3/5/2009 3/5/2024 George Valente Loan for land acquistion 3,170, , , ,215 Ohlone Gardens Loan greement 6/24/2009 N Ohlone Gardens LP 471, , , ,152 Eden Housing Loan greement 5/17/20 N Eden Housing 12 Cooperation greement 3/7/20 /24/2024 FY 2012 dministrative llowance Statutory 14 Due Diligence Review N N N 15 FY 2012 dministrative llowance ROPS I Unpaid N N MSC Implementation of City of Redevelopment Plan dministrative llowance per B1x26 ccountant for B1484 Due Diligence Review dministrative llowance per B1x26 3,000 3,000 3,000 3,000 5,198,660 1,287, , , , ,000 30,000 30,000 30,000 30, , ,000

4 Pursuant to Health and Safety Code section (a) PRIOR PERIOD ESTIMTED OBLIGTIONS vs. CTUL PYMENTS RECOGNIZED OBLIGTION PYMENT SCHEDULE (ROPS I) January 1, 2012 through June 30, 2012 See ttached Page of Explanatory Notes LMIHF Bond Proceeds Reserve Balance dmin llowance RPTTF Other Page/Form ROPS 1 1 ROPS 1 2 ROPS 1 3 Project Name / Debt Description/ Project Project Line Obligation Payee Scope rea Estimate ctual Estimate ctual Estimate ctual Estimate ctual Estimate ctual Estimate ctual Grand Total $ 781,152 $ $ $ $ $ 29,704 $ $ $ 953,989 $ $ $ 674,284 Tax llocation Bonds 1997 Tax llocation Bonds 1998 B Tax llocation Bonds 2004 TB for Redev TB for L&M Hsg Taxexempt TB for Infrastructure ROPS 1 4 Tax llocation Bonds 2004 B NonHsg Taxable TB for Redev ROPS 1 5 Tax llocation Bonds 2004 B Hsg Taxable TB for L&M Hsg ROPS 1 6 Valente Promissory Note George Valente Loan for land acquistion 29, ,216 0 $ 258,5 ROPS 1 7 Cooperation greement MSC Impl. of Redev. Plan ROPS SERF Loan City L&M Housing Fund Funds advanced for SERF payment 331, ,914 ROPS ERF Loan City L&M Housing Fund Funds advanced for ERF payment 83, ,859 ROPS 1 Ohlone Gardens Loan greement Ohlone Gardens LP 471,152 0 ROPS 1 12 Eden Housing Loan greement Eden Housing 3,000 0 ROPS 1 FY 2012 dministrative llowance City of dministrative llowance per B1x ,000 0

5 RECOGNIZED OBLIGTION PYMENT SCHEDULE (ROPS III) NOTES January 1, 20 through June 30, 20 Item # B/C Notes/Comments SUMMRY PGE The Successor gency's dministrative llowance of $250,000 is to be funded from RPTTF and is listed in the RPTTF column of the itemized ROPS. Therefore the allowance is included in Line B, not Line C. lso see note for ROPS III Line below. E County uditor Controller is unable to provide an estimate of anticipated RPTTF Funding prior to September 4, G Finance's approved RPTTF amount was $953,988 for ROPS I, but no RPTTF was distributed to the Successor gency for ROPS I. ROPS I was funded with the portion of the Tax Increment received by the Redevelopment gency in December, 20 that was placed in the Successor gency's Redevelopment Obligation Retirement Fund ("RORF") on February 1, ROPS III mounts in the Total Outstanding Obligation column are as of 6/30/2012 and therefore include payments made on ROPS II during FY The only source of funds for ROPS III will be RPTTF distributed to the Successor gency from the County uditorcontroller This item is being added to ROPS III, as it was not identified prior to preparation of ROPS I and ROPS II. DOF approved this item on ROPS I, but changed the funding source from RPTTF to LMIHF, which Successor is disputing, as there are no funds in the LMIHF, and no funds from the LMIHF were deposited into the RORF. This Item is being retained on this ROPS to be paid from RPTTF, pending resolution of the dispute over the funding source. See correspondence dated July 9, 2012 and July 12, 2012, and Petition for Writ of Mandate and Complaint for Declaratory Relief and Injunction, Successor gency v Robert Campbell et al. DOF approved this item on ROPS I, but changed the funding source from RPTTF to LMIHF, which Successor is disputing, as there are no funds in the LMIHF, and no funds from the LMIHF were deposited into the RORF. This Item is being retained on this ROPS to be paid from RPTTF, pending resolution of the dispute over the funding source. See correspondence dated July 9, 2012 and July 12, 2012, and Petition for Writ of Mandate and Complaint for Declaratory Relief and Injunction, Successor gency v Robert Campbell et al. The Successor gency is disputing DOF's disapproval of this item on ROPS I and ROPS II. See correspondence from legal counsel Sky Woodruff, Meyers Nave dated 6/1/2012. This item is being retained on this ROPS to be paid from RPTTF, pending resolution of the dispute. s the funding source of the Successor gency's dmnistrative llowance is RPTTF, the obligation is listed in the RPTTF column rather than the dministrative llowance column, which appears redundant in this case. dministrative costs are being borne by the City of and will be reimbursed by the Successor gency from deposits from the RPTTF to the RORF, rather than charging those costs directly to the RORF. 14 lthough DOF approved this item on ROPS I, there were insufficient funds distributed from the RPTTF for ROPS I. Therefore the Item is being retained on the ROPS for future funding from RPTTF. PRIOR PERIOD PYMENTS Funding in the Successor gency's RORF for ROPS I included only two sources: FY2012 Tax Increment received by the Redevelopment gency in December 20 (uses listed in the Other column) and a small residual of prior years' tax increment and interest (uses listed in the Reserve Balance column.) 6 The Successor gency listed and the DOF approved this item on ROPS I for funding with RPTTF. However, RORF funds used for the payment originated as Reserve Balance and FY2012 Tax Increment (listed as "Other"). 9 The Successor gency listed and the DOF approved this item on ROPS I for funding with RPTTF. However, RORF funds used for the payment originated as FY2012 Tax Increment (listed as "Other"). The Successor gency listed and the DOF approved this item on ROPS I for funding with RPTTF. However, RORF funds used for the payment originated as FY2012 Tax Increment (listed as "Other"). 12 The Successor gency listed this item on ROPS I for funding with RPTTF. DOF approved the item for funding with LMIHF. However, there were no funds in the LMIHF. This Item is being retained on ROPS III to be paid from RPTTF, pending resolution of the dispute. The Successor gency listed this item on ROPS I for funding with RPTTF. DOF approved the item for funding with LMIHF. However, there were no funds in the LMIHF. This Item is being retained on ROPS III to be paid from RPTTF, pending resolution of the dispute. The Successor gency listed and the DOF approved this item on ROPS I for funding with RPTTF. However, there were insufficient funds to pay this ite and it is being retained on ROPS III to be paid from RPTTF.