Recognized Obligation Payment Schedule (ROPS 22-23) - Summary Filed for the July 1, 2022 through June 30, 2023 Period Successor Agency: Hercules
County: Contra Costa
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) $ - $ - $ - B Bond Proceeds - - -
C Reserve Balance - - -
D Other Funds - - -
E Redevelopment Property Tax Trust Fund (RPTTF) (F+G) $ 7,314,673 $ 4,759,863 $ 12,074,536 F RPTTF 7,189,673 4,634,863 11,824,536
G Administrative RPTTF 125,000 125,000 250,000
H Current Period Enforceable Obligations (A+E) $ 7,314,673 $ 4,759,863 $ 12,074,536 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
Hercules
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 O P Q 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
RPTTF Admin
RPTTF RPTTF Admin
RPTTF
$293,949,783 $12,074,536 $7,189,673 $125,000 $7,314,673 $4,634,863 $125,000 $4,759,863 1 2005 Tax Allocation Bonds Bonds Issued
On or Before
12/31/10
08/05/
2005
08/05/2036 Bank of
New York
Bonds issued to fund non-housing
projects
All 39,082,519 N $3,135,357 2,456,694 - $2,456,694 678,663 - $678,663 2 2007 Tax Allocation Bonds Bonds Issued
On or Before
12/31/10
12/20/
2007
12/20/2044 Bank of
New York
Bonds issued to fund non-housing
projects
All 74,665,063 N $3,310,794 2,239,647 - $2,239,647 1,071,147 - $1,071,147 3 2007 Tax Allocation Bonds
Housing(A)
Bonds Issued
On or Before
12/31/10
07/26/
2007
07/26/2034 Bank of
New York
Affordable Housing Bonds All 11,923,428 N $1,002,244 758,622 - $758,622 243,622 - $243,622 4 2007 Tax Allocation Bonds
Housing(B)
Bonds Issued
On or Before
12/31/10
07/26/
2007
07/26/2034 Bank of
New York
Affordable Housing Bonds All 8,840,840 N $738,650 584,050 - $584,050 154,600 - $154,600 5 Catellus/Hercules LLC OPA/DDA/
Construction
01/01/
2009
02/15/2044 Catellus Settlement Agreement All 55,232,434 N $2,249,660 1,079,660 - $1,079,660 1,170,000 - $1,170,000 10 OPA (Owner Participation
Agreement)
OPA/DDA/
Construction
11/15/
1996
11/15/2041 Hercules
Senior
Housing/
Bridge
OPA for Senior Housing All 2,730,000 N $130,000 65,000 - $65,000 65,000 - $65,000 12 Lease of Commercial
Space
Business
Incentive
Agreements
04/05/
2002
07/01/2017 Emmerich Rent for commercial space All - Y $- - - $- - - $- 13 Lease of Commercial
Space
Business
Incentive
Agreements
10/01/
2007
09/20/2012 Montoya Rent for commercial space All - Y $- - - $- - - $- 16 Co-operation Agreement:
Loan Repayment
Agreement for Cash
Advances
Miscellaneous 02/09/
1983
12/31/2099 City of
Hercules
Hercules Resolution 83-18 dated
02/09/1983
All 50,496,029 N $- - - $- - - $-
20 Bank and Trustee Fees Fees 08/01/
2005
12/31/2044 Various Bank and trustee fees for
Redevelopment bond and bank
accounts
All 126,000 N $6,000 6,000 - $6,000 - - $-
21 SERAF SERAF/ERAF 07/01/
2009
06/30/2011 State of
California
NONE All 6,020,951 N $- - - $- - - $-
22 Administrative Costs Admin Costs 07/01/ 06/30/2023 Various NONE All 5,750,000 N $250,000 - 125,000 $125,000 - 125,000 $125,000
A B C D E F G H I J K O P Q 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
RPTTF Admin
RPTTF RPTTF Admin
RPTTF
2022
25 2005 Tax Allocation Bonds Reserves 08/05/
2005
08/05/2036 AMBAC
Surety
Bond
Bonds issued to fund non-housing
projects
All - N $- - - $- - - $-
26 2007 Tax Allocation Bonds Reserves 12/20/
2007
12/20/2044 AMBAC
Surety
Bond
Bonds issued to fund non-housing
projects
All - N $- - - $- - - $-
27 2007 Tax Allocation Bonds
Housing (A)
Reserves 07/26/
2007
07/26/2034 Assured
Guaranty
Affordable Housing Bonds All - N $- - - $- - - $-
28 2007 Tax Allocation Bonds
Housing (B)
Reserves 07/26/
2007
07/26/2034 Assured
Guaranty
Affordable Housing Bonds All - N $- - - $- - - $-
31 Debt Service Reserve Reserves 08/05/
2005
08/05/2036 Bank of
New York
Retain reserve for anticipated
shortfall for bond debt service in
the next six-month ROPS period
39,082,519 N $1,251,831 - - $- 1,251,831 - $1,251,831
Hercules
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.
8,796,136 156,279 14,283 130,520 E: $156,279 committed to ROPS 19-20 obligations. F: Bond interest applied to ROPS
18-19 debt service G: PPA 16-17 reserved for
ROPS 19-20 ($130,520)
2 Revenue/Income (Actual 06/30/20)
RPTTF amount should tie to the ROPS 19-20 total
distribution from the County Auditor-Controller
9,449 9,182,745 F: Bond interest applied to reduce bond debt service payment
3 Expenditures for ROPS 19-20 Enforceable Obligations
(Actual 06/30/20)
156,279 9,313,265
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)
8,796,136 C: Bond reserve funds.
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
6 Ending Actual Available Cash Balance (06/30/20)
C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5)
$- $- $- $23,732 $-
Hercules
Recognized Obligation Payment Schedule (ROPS 22-23) - Notes July 1, 2022 through June 30, 2023
Item # Notes/Comments
1 2
3 4
5 10
12 13
16 20
21 22
25 26
27 28
31