Recognized Obligation Payment Schedule (ROPS 22-23) - Summary Filed for the July 1, 2022 through June 30, 2023 Period Successor Agency: Alameda City
County: Alameda
Current Period Requested Funding for Enforceable
Obligations (ROPS Detail)
22-23A Total
(July -
December)
22-23B Total
(January -
June)
ROPS 22-23
Total
A Enforceable Obligations Funded as Follows (B+C+D) $ 3,796,696 $ - $ 3,796,696 B Bond Proceeds - - -
C Reserve Balance 3,537,344 - 3,537,344
D Other Funds 259,352 - 259,352
E Redevelopment Property Tax Trust Fund (RPTTF) (F+G) $ 2,766,439 $ 6,143,104 $ 8,909,543 F RPTTF 2,670,689 6,047,354 8,718,043
G Administrative RPTTF 95,750 95,750 191,500
H Current Period Enforceable Obligations (A+E) $ 6,563,135 $ 6,143,104 $ 12,706,239 Certification of Oversight Board Chairman:
Name Title
Pursuant to Section 34177 (o) of the Health and Safety
code, I hereby certify that the above is a true and
accurate Recognized Obligation Payment Schedule for
the above named successor agency. /s/
Signature Date
Alameda City
Recognized Obligation Payment Schedule (ROPS 22-23) - ROPS Detail July 1, 2022 through June 30, 2023
A B C D E F G H I J K L M N O P Q R S T U V W
Item
# Project Name Obligation
Type
Agreement
Execution
Date
Agreement
Termination
Date
Payee Description Project
Area
Total
Outstanding
Obligation
Retired ROPS
22-23 Total
ROPS 22-23A (Jul - Dec)
22-23A
Total
ROPS 22-23B (Jan - Jun)
22-23B
Total
Fund Sources Fund Sources
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
$125,723,969 $12,706,239 $- $3,537,344 $259,352 $2,670,689 $95,750 $6,563,135 $- $- $- $6,047,354 $95,750 $6,143,104 13 Bond Trustee
Fees
Fees 10/01/
2003
09/01/2041 Union Bank
of CA
UBOC Trustee
fees
BWIP/
WECIP
190,000 N $10,000 - - - 5,000 - $5,000 - - - 5,000 - $5,000 14 Bond
Disclosure /
Indenture
Obligations
Fees 10/01/
2003
09/01/2041 Various Continuing
disclosure &
noticing under
indentures
BWIP/
WECIP
- Y $- - - - - - $- - - - - - $-
19 Alameda
Landing DDA
OPA/DDA/
Construction
12/05/
2006
04/01/2049 Catellus
Alameda
Development,
LLC
(successor in
interest to
Palmtree
Acquisition
Corp.)
DDA for mixed
use project
All 8,000,000 N $- - - - - - $- - - - - - $-
23 Alameda
Landing DDA:
Related
Public
Improvement
Obligations
OPA/DDA/
Construction
12/05/
2006
04/01/2049 Contractor
not selected
CIC funding
obligation for
public
improvements
which are
conditions of
approval for
Alameda
Landing
project.
Mitigation
Monitoring and
Reporting Plan
items MM T/
C-3, T/C-11b.
Appurtenant
Obligation to
the Alameda
Landing DDA
previously
accepted by
DOF.
All 1,875,000 N $- - - - - - $- - - - - - $-
28 Independence
Plaza
Agreement
OPA/DDA/
Construction
01/18/
1989
01/01/2027 Alameda
Housing
Authority
Affordable Hsg
Project
Obligation
BWIP/
WECIP
7,886,675 N $2,886,976 - - - 1,443,488 - $1,443,488 - - - 1,443,488 - $1,443,488 33 Boatworks
Settlement
Agreement
Litigation 10/05/
2010
06/18/2042 Francis &
Catherine
Collins
Housing and
Non-housing
Project
BWIP/
WECIP
4,500,000 N $- - - - - - $- - - - - - $-
A B C D E F G H I J K L M N O P Q R S T U V W
Item
# Project Name Obligation
Type
Agreement
Execution
Date
Agreement
Termination
Date
Payee Description Project
Area
Total
Outstanding
Obligation
Retired ROPS
22-23 Total
ROPS 22-23A (Jul - Dec)
22-23A
Total
ROPS 22-23B (Jan - Jun)
22-23B
Total
Fund Sources Fund Sources
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
Obligation.
Obligation
limited to tax
increment
generated by
project. None
projected this
period.
34 Boatworks
Project
Settlement
Agreement /
Mitigation
Monitoring
and Reporting
Plan Public
Improvement
Obligations
Litigation 10/05/
2010
06/18/2042 Contractor
not selected
CIC funding
commitment
for public
improvements
required as
part of
conditions of
approval for
project.
Identified as
Mitigation
Monitoring and
Reporting Plan
items B-10,
B-11, B-12.
BWIP/
WECIP
80,550 N $- - - - - - $- - - - - - $-
36 Guyton
Judgment and
Settlement
Agreement
and the
Alameda
Unified
School
District
Agreement
subject to its
terms
Litigation 04/25/
1990
01/01/2046 Island City
Development,
Alameda
Unified
School
District and
other parties
engaged for
purposes of
implementing
the terms of
the
agreements
Affordable
housing
production /
funding
agreement.
Remaining
obligation is
approximately
300 units.
Island City
Development
is an affiliated
non-profit
corporation of
the Housing
Authority of the
City of
Alameda.
All 37,058,000 N $1,474,053 - - 259,352 1,214,701 - $1,474,053 - - - - - $- 46 Successor
Agency
Administrative
Costs
Admin
Costs
07/01/
2022
06/30/2023 Various Successor
Agency
administrative
cost allowance
All 191,500 N $191,500 - - - - 95,750 $95,750 - - - - 95,750 $95,750 47 Long Range
Property
Management
Plan and
Property
Dispositions
07/01/
2022
06/30/2023 Outside legal
services
Legal expense
related to long
range property
management
All 15,000 N $15,000 - - - 7,500 - $7,500 - - - 7,500 - $7,500
A B C D E F G H I J K L M N O P Q R S T U V W
Item
# Project Name Obligation
Type
Agreement
Execution
Date
Agreement
Termination
Date
Payee Description Project
Area
Total
Outstanding
Obligation
Retired ROPS
22-23 Total
ROPS 22-23A (Jul - Dec)
22-23A
Total
ROPS 22-23B (Jan - Jun)
22-23B
Total
Fund Sources Fund Sources
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
Property
Disposition
Legal
Expenses
plan
implementation
including
drafting of
related
documents for
disposition of
the property.
56 2014 Bonds,
Series A and
B, current
payment due
to Trustee
Refunding
Bonds
Issued After
6/27/12
12/23/
2014
09/01/2033 MUFG, Union
Bank NA
Amount due to
trustee for
current ROPS
period
payment.
BWIP/
WECIP
44,891,451 N $3,758,670 - 3,010,853 - - - $3,010,853 - - - 747,817 - $747,817 57 2014 Bonds,
Series A and
B, required
reserve for
upcoming
payment
Refunding
Bonds
Issued After
6/27/12
12/23/
2014
09/01/2033 MUFG, Union
Bank NA
Reserve
required to be
reflected on
each January
ROPS
pursuant to the
First
Supplemental
Indenture of
Trust, Section
5.01 (l).
Amount
corresponds to
the annual
principal
payment and
second
interest
payment due
September 1.
BWIP/
WECIP
3,052,817 N $3,052,817 - - - - - $- - - - 3,052,817 - $3,052,817 58 2017 Bonds,
current
payment due
to Trustee
Refunding
Bonds
Issued After
6/27/12
06/07/
2017
09/01/2041 MUFG, Union
Bank NA
Amount due to
trustee for
current ROPS
period
payment.
BWIP/
WECIP
17,425,110 N $759,357 - 526,491 - - - $526,491 - - - 232,866 - $232,866 59 2017 Bonds,
required
reserve for
upcoming
payment
Refunding
Bonds
Issued After
6/27/12
06/07/
2017
09/01/2041 MUFG, Union
Bank NA
Reserve
required to be
reflected on
each January
ROPS
pursuant to the
First
Supplemental
Indenture of
Trust, Section
5.01 (l).
BWIP/
WECIP
557,866 N $557,866 - - - - - $- - - - 557,866 - $557,866
A B C D E F G H I J K L M N O P Q R S T U V W
Item
# Project Name Obligation
Type
Agreement
Execution
Date
Agreement
Termination
Date
Payee Description Project
Area
Total
Outstanding
Obligation
Retired ROPS
22-23 Total
ROPS 22-23A (Jul - Dec)
22-23A
Total
ROPS 22-23B (Jan - Jun)
22-23B
Total
Fund Sources Fund Sources
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
Amount
corresponds to
the annual
principal
payment and
second
interest
payment due
September 1.
Alameda City
Recognized Obligation Payment Schedule (ROPS 22-23) - Report of Cash Balances July 1, 2019 through June 30, 2020
(Report Amounts in Whole Dollars)
Pursuant to Health and Safety Code section 34177 (l), Redevelopment Property Tax Trust Fund (RPTTF) may be listed as a source of payment on the ROPS, but only to the extent no other funding source is available or when payment from property tax revenues is required by an enforceable obligation.
A B C D E F G H
ROPS 19-20 Cash Balances
(07/01/19 - 06/30/20)
Fund Sources
Comments
Bond Proceeds Reserve Balance Other Funds RPTTF
Bonds issued
on or before
12/31/10
Bonds issued
on or after
01/01/11
Prior ROPS
RPTTF and
Reserve
Balances retained
for future
period(s)
Rent, grants,
interest, etc.
Non-Admin
and Admin
1 Beginning Available Cash Balance (Actual 07/01/19)
RPTTF amount should exclude "A" period distribution
amount.
3,759,175 632,201 1,193,427
2 Revenue/Income (Actual 06/30/20)
RPTTF amount should tie to the ROPS 19-20 total
distribution from the County Auditor-Controller
259,352 10,941,106
3 Expenditures for ROPS 19-20 Enforceable Obligations
(Actual 06/30/20)
3,319,293 115,774 7,963,242
4 Retention of Available Cash Balance (Actual 06/30/20) RPTTF amount retained should only include the amounts
distributed as reserve for future period(s)
439,882 775,779 4,143,857 Col E includes $439,882 reserves used to fund ROPS 20-21A. Column F includes
$232,899 used to fund ROPS 20-21A,
$283,528 to fund ROPS 21-22A, and
$259,352 identified to fund ROPS 22-23. Col
G includes $3,406,650 used for 20-21 bond
payments + $311,329 in PPA funds applied to
ROPS 20-21 + 425,878 in 18-19 PPA funds
applied to fund ROPS 21-22. All amounts
must be retained for enforceable obligations.
Pursuant to Health and Safety Code section 34177 (l), Redevelopment Property Tax Trust Fund (RPTTF) may be listed as a source of payment on the ROPS, but only to the extent no other funding source is available or when payment from property tax revenues is required by an enforceable obligation.
A B C D E F G H
ROPS 19-20 Cash Balances
(07/01/19 - 06/30/20)
Fund Sources
Comments
Bond Proceeds Reserve Balance Other Funds RPTTF
Bonds issued
on or before
12/31/10
Bonds issued
on or after
01/01/11
Prior ROPS
RPTTF and
Reserve
Balances retained
for future
period(s)
Rent, grants,
interest, etc.
Non-Admin
and Admin
5 ROPS 19-20 RPTTF Prior Period Adjustment
RPTTF amount should tie to the Agency's ROPS 19-20 PPA
form submitted to the CAC
No entry required 27,434 offset to RPTTF allocation for FY 22-23 6 Ending Actual Available Cash Balance (06/30/20)
C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5)
$- $- $- $- $-
Alameda City
Recognized Obligation Payment Schedule (ROPS 22-23) - Notes July 1, 2022 through June 30, 2023
Item # Notes/Comments
13 14 Identified as retired as costs are being included as part of the administrative budget. 19 23
28 33 The City of Alameda has taken the position in litigation brought by the successor-in-interest to the Boatworks Settlement Agreement that the Agreement has expired. Boatworks, LLC vs City of Alameda, et al, Alameda County Superior Court Case No. RG16823346. However, pursuant to the Superior Courts November 3, 2016, order granting preliminary injunction, which included a finding that the agreement may not have expired, the Successor Agency is continuing to list this settlement as an obligation.
34 36
46 47
56 57
58 59
Successor Agency to the
Community Improvement Commission of the City of Alameda Administrative Budget for July 1, 2022 - June 30, 2023
First 6-Month Second 6-Month 12-Month
Budgeted Budgeted Budgeted
Amount Amount Total
Administration (City Clerk, Human Resources, City Attorney's Office, Finance, City Manager's Office, IT, telecom, facilities maintenance, etc.) * 40,700 40,700 81,400 Community Development Salaries & Benefits 33,050 33,050 66,100 Consulting Services
KMA, Inc. 15,000 15,000 30,000 Legal Services 3,500 3,500 7,000 Worker's Compensation Claims & Administration 3,500 3,500 7,000 Total 95,750 95,750 191,500 * Amounts are based on the FY 22-23 Cost Allocation Plan. ** Salaries and benefits for the following roles:
Director (10%)
Accounting Technician (5%)
Community Development Program Manager( 5%)
Office Assistant (5%)