Successor Agency: Corona
County: Riverside
Current Period Requested Funding for Enforceable Obligations (ROPS Detail) 25-26A Total
(July - December)
25-26B Total
(January - June) ROPS 25-26 Total
A $ 5,827,871 $ 556,824 $ 6,384,695
B - - -
C 5,827,871 556,824 6,384,695
D - - -
E $ 4,878,822 $ 3,896,422 $ 8,775,244
F 4,791,322 3,808,922 8,600,244
G 87,500 87,500 175,000
H Current Period Enforceable Obligations (A+E): $ 10,706,693 $ 4,453,246 $ 15,159,939 Name Title
/s/
Signature Date
Administrative RPTTF
Certification of Oversight Board Chairman:
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.
Recognized Obligation Payment Schedule (ROPS 25-26) - Summary Filed for the July 1, 2025 through June 30, 2026 Period Enforceable Obligations Funded as Follows (B+C+D):
RPTTF
Redevelopment Property Tax Trust Fund (RPTTF) (F+G):
Bond Proceeds
Reserve Balance
Other Funds
A B C D E F G H I J K L M N O P Q R S T U V W
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF
Admin
RPTTF
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF
Admin
RPTTF
$ 41,134,158 $ 15,159,939 $ 0 $ 5,827,871 $ 0 $ 4,791,322 $ 87,500 $ 10,706,693 $ 0 $ 556,824 $ 0 $ 3,808,922 $ 87,500 $ 4,453,246 2 2007 Tax
Allocation
Bonds- Merged
Dwntwn
Bonds
Issued On or
Before
12/31/10
11/1/2007 9/1/2027 Bank of New
York
Bond issue to fund
projects according to
the Redevelopment
Plan.
Merged
Project
Areas
17,717,463 N $ 11,215,567 4,647,352 3,097,738 $ 7,745,090 372,739 3,097,738 $ 3,470,477 3 2007 Tax
Allocation
BondsTemescal Cyn
Bonds
Issued On or
Before
12/31/10
1/1/2007 11/1/2032 Bank of New
York
Bond issue to fund
projects according to
the Redevelopment
Plan.
Merged
Project
Areas
10,728,194 N $ 2,757,772 1,180,519 696,584 $ 1,877,103 184,085 696,584 $ 880,669 5 Fiscal Agent
Fees
Fees 7/1/2024 6/30/2025 Bank of New
York
Fees in association
with TAB accounts
Merged
Project
Areas
6,200 N $ 6,200 $ - 6,200 $ 6,200
6 Continuing
Disclosure
Fees
Fees 7/1/2024 6/30/2025 Willdan
Financial
Services
Continuing
Disclosure FeesTABs
Merged
Project
Areas
7,500 N $ 7,500 $ - 7,500 $ 7,500
7 Consultant
Fees
Fees 7/1/2024 6/30/2025 Willdan
Financial
Services
Arbitrage
Calculations
Merged
Project
Areas
900 N $ 900 $ - 900 $ 900
8 Skypark OPA OPA/DDA/C
onstruction
10/20/2010 11/7/2037 Rexco LLC Tax Increment
Reimbursement
Merged
Project
Areas
973,863 N $ 402,000 402,000 $ 402,000 $ -
13 Corona N Main
Development
OPA
OPA/DDA/C
onstruction
1/18/2011 7/18/2032 Corona North
Main
Development,
LP
Tax Increment
Reimbursement
Merged
Project
Areas
6,447,288 N $ 595,000 595,000 $ 595,000 $ -
23 Affordable
Housing
Agreement
OPA/DDA/C
onstruction
4/1/2006 4/1/2061 KDF Corona,
LP (Wells
Fargo Bank)
Affordable Housing
Project
Merged
Project
Areas
0 N $ - $ - 0 $ -
57 Administration
Allowance
Admin Costs 7/1/2024 6/30/2025 Various Agency staff, office supplies, postage,
phones, equipment
maintenance, legal
(OB/SA), auditors,
cost allocation, etc.
Merged
Project
Areas
175,000 N $ 175,000 87,500 $ 87,500 87,500 $ 87,500
62 $ - $ - $ -
Fund Sources Fund Sources
Contract/Agre
ement
Termination
Date
ROPS 25-26
Total
25-26B (January - June)
25-26A
Total
Corona Recognized Obligation Payment Schedule (ROPS 25-26) - ROPS Detail July 1, 2025 through June 30, 2026
(Report Amounts in Whole Dollars)
Item
# Payee
Description/Project
Scope Project Area
Total
Outstanding
Debt or
Obligation Retired
25-26A (July - December)
25-26B
Total
Project
Name/Debt
Obligation
Obligation
Type
Contract/Ag
reement
Execution
Date
A B C D E F G H
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 as of 07/01/22
RPTTF amount should exclude "A" period distribution amount 1,722,983 87,482 5,953,785 16,891 240,258
RPTTF Beginning Balance includes unspent
funds in the ROPS 19-20 period and $3,204
Retention Held from a prior year's expense.
2 Revenue/Income
RPTTF amount should tie to the ROPS 22-23 total distribution from the County Auditor-Controller
103,937 45,695 8,711,087
3 Expenditures for ROPS 22-23 Enforceable Obligations
5,953,782 5,283,472
4 Retention of Available Cash Balance (Actual 06/30/23) RPTTF amount retained should only include the amounts distributed as reserve for future period(s)
3,480,572 RPTTF wired to Fiscal Agent for 2023 Bond Year 5 ROPS 22-23 RPTTF Prior Period Adjustment
RPTTF amount should tie to the Agency's ROPS 22-23 PPA form submitted to the CAC
184,097
Moved $184,097 of unspent funds in the ROPS
22-23 period to RPTTF Reserve Balance ending
cash balance to be allocated to ROPS 25-26
obligations
6 Ending Actual Available Cash Balance (06/30/22)
C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5)
$ 1,826,920 $ 133,177 $ 3 $ 16,891 $ 3,204
Ending Reserve Balance should be $3,664,672
($3,480,572 + $184,097 +$3); Total Ending
Cash Balance= $6,099,338
No entry required
Corona Recognized Obligation Payment Schedule (ROPS 25-26) - Report of Cash Balances July 1, 2022 through June 30, 2023
(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. For tips on how to complete the Report of Cash Balances Form, see Cash Balance Tips Sheet.
Fund Sources
Comments
Bond Proceeds
ROPS 22-23 Cash Balances
(07/01/22 - 06/30/23)
Item # Notes/Comments
2 Reserve Balance: Bond principal/interest payments funded by RPTTF received from ROPS 24-25 will be applied to Fall 2025 payment (25-26A period); Bond interest payments funded by RPTTF received from ROPS 25-26A will be applied to Spring 2026 payment (25-26B period); RPTTF Non-Admin: Funds will be sent to Fiscal Agent in February 2026 and reserved for 2026 Bond year payments (25-26B and 26-27A). 3 Reserve Balance: Bond principal/interest payments funded by RPTTF received from ROPS 24-25 will be applied to Fall 2025 payment (25-26A period); Bond interest payments funded by RPTTF received from ROPS 25-26A will be applied to Spring 2026 payment (25-26B period); RPTTF Non-Admin: Funds will be sent to Fiscal Agent in February 2026 and reserved for 2026 Bond year payments (25-26B and 26-27A). 5 Estimated expense based on historical annual expenses 6 Estimated expense based on historical annual expenses 7 Estimated expense based on historical annual expenses 8 Estimated expense- Payment amount dependent on assessed values of project Outstanding obligation includes interest accrued through 6/30/2025. Estimated expense- Payment amount dependent on assessed values of project; 13 57 Requesting less than the minimum $250K due to reduced admin expenses.
Corona Recognized Obligation Payment Schedule (ROPS 25-26) - Notes July 1, 2025 through June 30, 2026