Tackling RDA Issues — How Other Cities & Counties Are Doing It Darold Pieper City Attorney, City of Vista - and - Tim Schaefer Principal Owner, Magis Advisors

Viewpoints Some think the State saw... Your agency probably got... Some stakeholders thought they might see... Tackling RDA Issues — How Other Cities & Counties Are Doing It

Redevelopment Litigation Affordable housing matters may remain unclear Challenges to Department of Finance determinations “Claw backs” Others... Planning for the “wind-down” now more challenging as a result

Handling Debt Going Forward Refunding existing bonds for cost savings Smoothing of “spikes” in debt service –caused by maturing BANs, as an example To fulfill or complete other binding obligations that required issuing debt after the fact What to do about “deeply subordinated debt Dealing with banks and/or other private lenders

Changing Your Point of View... Possible “surprises” in substitutes for, or investments in, your DSRFs Aligning the ROPS and your cash flow forecast Avoiding inadvertent (or seemingly unavoidable) deviations from previous pledges to bondholders “Disconnects” at Auditor-Controller regarding project area- specific liens and/or prioritizations CASH FLOW FORECASTING & ACTIVE DEBT MANAGEMENT ARE CRITICAL TO “PROBLEM AVOIDANCE”