Successor Agency Annual Disclosures & SB 341 Reporting

*Optional, attach Hourly Fee Schedule for any additional work outside of the below scope of services. ***City of Camarillo****Scope of Services****Successor Agency Annual Disclosures & SB341 Reporting**Specific assignments may include, but are not limited to, the following:1. **Annual PPA (or comparable reconciliation) and Successor Agency Administrative Support** - Assist with preparation of the internal annual PPA (or comparable reconciliation) to determine any excess funds for the year. The schedule will be an itemized list of differences between actual payments and past estimated obligations for prior ROPS periods (“Prior Period Adjustment”). This schedule, and supporting documentation, will be provided to City staff on an annual basis, including details of how excess funds were calculated. - Assist with any follow-up with the State Department of Finance (“DOF”) (if applicable) and other requisite reports and notices pursuant to the Dissolution Act. - **Note:** The City filed a Last & Final ROPS that was approved by the DOF.2. **Continuing Disclosure Tables for the 2014, 2016A, and 2016B Tax Allocation Bonds** - Prepare tables to be included in the required continuing disclosure reports for the outstanding 2014, 2016A, and 2016B Tax Allocation Bonds (“Continuing Disclosure Tables”) pursuant to the “Form of Continuing Disclosure Agreement” contained as Appendix D to the 2014, 2016A, and 2016B Tax Allocation Bond Official Statements (“Official Statements”). Pursuant to the Official Statements, the Continuing Disclosure Tables would contain the following information: - Summary of assessed valuations and tax revenue receipts in the Camarillo Corridor Redevelopment Project Area (“Project Area”) for the six most recent fiscal years; - Identification of the 10 largest property taxpayers in the Project Area in Fiscal Year 2025-26 and summary of the number and value of parcels owned by those taxpayers; - A calculation of debt service coverage ratios for the remainder of the bond terms; and - A description of outstanding indebtedness payable from tax revenues issued. - Submit Continuing Disclosure Tables to staff in advance of the February 1st annual filing date, as outlined in the 2014, 2016A, and 2016B Official Statements.3. **Senate Bill 341 Report** - Pursuant to Senate Bill 341 (“SB 341”), prepare a report detailing compliance with the expenditure limitations specified in SB 341 (“SB 341 Report”). As required by SB 341, the SB 341 Report will provide the following information: - The amount deposited into the Low and Moderate-Income Housing Asset Fund (“Housing Fund”); - A statement of the balance of the Housing Fund; - A description of expenditures by category; - The statutory value of real property; - A description of transfers; - A description of projects that receive funding through the ROPS; - The status of properties pursuant to the five-year disposition period; - An update on the inclusionary and replacement housing obligation; - Compliance with expenditures in the five-year period; - The percentage of senior deed-restricted units; and - The amount of excess surplus. - Submit the SB 341 report to the California Department of Housing and Community Development by December 31st, as legally required.---