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Orange County Sanitation District — Inter -City Commuter Station Redevelopment Project, South <br />Harbor Boulevard/Fairview Street Redevelopment Project, and South Main Street Redevelopment <br />Project. Agreements were entered into with the County Sanitation District (the "Sanitation District") on June <br />10, 1992 requiring that the Successor Agency pay to the Sanitation District an amount equal to 100% of the <br />difference between the ad valorem property tax revenues derived from properties located in the respective <br />Component Areas which the Sanitation District would have otherwise received from the County during a fiscal <br />year if the redevelopment plans for the Component Areas had not been adopted, and the amount of ad valorem <br />property tax revenues derived from such properties which were actually received by the Sanitation District from <br />the County during such fiscal year. After the date upon which the taxes allocated to the Successor Agency over <br />the life of the redevelopment plan for each Component Area equal the thresholds identified below, the <br />obligation reduces to 80% of the difference: <br />Inter -City $259,500,000 (not projected to be reached by final <br />maturity of 2018 Bonds) <br />South Harbor/Fairview $109,875,000 (amount reached) <br />South Main $209,900,000 (amount reached) <br />Orange County Sanitation District — North Harbor Boulevard Redevelopment Project. An <br />agreement was entered into with the Sanitation District on June 10, 1992 requiring that the Successor Agency <br />pay to the Sanitation District an amount equal to 100% of the difference between the ad valorem property tax <br />revenues derived from properties located in the Component Area which the Sanitation District would have <br />otherwise received from the County during a fiscal year if the redevelopment plan for the Component Area had <br />not been adopted, and the amount of ad valorem property tax revenues derived from such properties which were <br />actually received by the Sanitation District from the County during such fiscal year. <br />County Vector Control District — Bristol Corridor Redevelopment Project. An agreement was <br />entered with the County Vector Control District on March 20, 1990 to allocate 100% of the County Vector <br />Control District's share of gross tax increment to the County Vector Control District. <br />Subordinate Public Sector Pass -Through Agreements. Pursuant to Health and Safety Code Section <br />33401, the Former Agency had entered into the following agreements with various Taxing Agencies, agreeing to <br />make payments to these entities of specified percentages of the Tax Revenues allocated to the Successor <br />Agency. <br />Orange County Taxing Entities — South Main Street Redevelopment Project. An agreement was <br />entered into with the County, the County Flood Control District and the County Harbors, Beaches and Parks <br />County Services Area #26 on December 20, 1993. The payment provisions set forth by the agreement <br />commence when the aggregate tax increment received by the Successor Agency since the adoption of the Plan <br />reaches $209,000,000, which amount has been reached, thereby triggering the pass through. hi the first "trigger" <br />year, the Successor Agency will pay 60% of the County's share of tax increment in excess of the $209,000,000 <br />cumulative amount. In the second through ninth subsequent years, the Successor Agency will pay 60% of the <br />County's share of annual tax increment. In the tenth through twentieth year, the Successor Agency will pay 75% <br />of the County's share of annual tax increment. Commencing in the twentieth year through fiscal year 2031/32, <br />the Successor Agency will pay 80% of the County's share of annual tax increment. In any year after fiscal year <br />2031/32, the Successor Agency will pay 100% of the County's share of annual tax increment. Based upon the <br />Fiscal Consultant's review of the weighted average distribution of the basic one percent tax levies for fiscal year <br />2017/18, the County's share of the tax rate is 10.81%. <br />Orange County Taxing Entities — Bristol Corridor Redevelopment Project. An agreement was <br />entered into with the County and the County Flood Control District on June 20, 1989, which was thereafter <br />amended on June 22, 1993. The payment provisions set forth by the agreement, as amended, commenced in the <br />fourth fiscal year in which the Successor Agency received tax increment from the Component Area. The County <br />34 <br />SA -3-48 <br />