Recognized Obligation Payment Schedule (ROPS 24-25) - Summary Filed for the July 1, 2024 through June 30, 2025 Period Successor Agency: Hercules
County: Contra Costa
Current Period Requested Funding for Enforceable
Obligations (ROPS Detail)
24-25A Total
(July -
December)
24-25B Total
(January -
June)
ROPS 24-25
Total
A Enforceable Obligations Funded as Follows (B+C+D) $ 43,719 $ - $ 43,719 B Bond Proceeds - - -
C Reserve Balance - - -
D Other Funds 43,719 - 43,719
E Redevelopment Property Tax Trust Fund (RPTTF) (F+G) $ 3,582,085 $ 5,005,069 $ 8,587,154 F RPTTF 3,500,804 4,880,069 8,380,873
G Administrative RPTTF 81,281 125,000 206,281
H Current Period Enforceable Obligations (A+E) $ 3,625,804 $ 5,005,069 $ 8,630,873 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 24-25) - ROPS Detail July 1, 2024 through June 30, 2025
A B C D E F G H I J K N 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
24-25
Total
ROPS 24-25A (Jul - Dec)
24-25A
Total
ROPS 24-25B (Jan -
Jun)
24-25B
Total Fund Sources Fund Sources
Other
Funds RPTTF Admin
RPTTF RPTTF Admin
RPTTF
$226,345,512 $8,630,873 $43,719 $3,500,804 $81,281 $3,625,804 $4,880,069 $125,000 $5,005,069 5 Catellus/Hercules LLC OPA/DDA/
Construction
01/01/
2009
02/15/2044 Catellus Settlement Agreement All 49,556,208 N $2,013,119 - 1,163,119 - $1,163,119 850,000 - $850,000 10 OPA (Owner Participation
Agreement)
OPA/DDA/
Construction
11/15/
1996
11/15/2041 Hercules
Senior
Housing/
Bridge
OPA for Senior Housing All 2,210,000 N $130,000 - 65,000 - $65,000 65,000 - $65,000 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 108,000 N $- - - - $- - - $-
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/
2011
06/30/2044 Various NONE All 5,250,000 N $250,000 43,719 - 81,281 $125,000 - 125,000 $125,000 32 2022 Tax Allocation
Refunding Bond
Refunding
Bonds Issued
After 6/27/12
08/01/
2022
08/01/2042 Bank of
New York
Pending refinancing of
2005 and 2007 bonds
(ROPS Items 1-4)
All 112,704,324 N $6,237,754 - 2,272,685 - $2,272,685 3,965,069 - $3,965,069 33 ROPS 22-23 Item 5
Underfunding
RPTTF
Shortfall
01/01/
2009
02/15/2044 Catellus ROPS 22-23 Item 5
unpaid due to RPTTF
shortfall
All - Y $- - - - $- - - $-
34 ROPS 22-23 Item 10
Underfunding
RPTTF
Shortfall
11/15/
1996
02/15/2044 Hercules
Senior
Housing/
Bridge
ROPS 22-23 Item 10
unpaid due to RPTTF
shortfall
All - Y $- - - - $- - - $-
35 ROPS 22-23 Item 22
Underfunding
RPTTF
Shortfall
07/01/
2022
06/30/2024 Various ROPS 22-23 Item 22
unpaid due to RPTTF
shortfall
All - Y $- - - - $- - - $-
Hercules
Recognized Obligation Payment Schedule (ROPS 24-25) - Report of Cash Balances July 1, 2021 through June 30, 2022
(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 21-22 Cash Balances
(07/01/21 - 06/30/22)
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 07/01/21)
RPTTF amount should exclude "A" period distribution
amount.
8,664,470 62,431 43,719 C: Bond reserve funds E: PPA 20-21 applied to ROPS 23-24 expenses F: Avaliable other
funds balance from prior periods
2 Revenue/Income (Actual 06/30/22)
RPTTF amount should tie to the ROPS 21-22 total
distribution from the County Auditor-Controller
12,112,441
3 Expenditures for ROPS 21-22 Enforceable Obligations
(Actual 06/30/22)
8,664,470 10,468,642 C: Bond reserves applied to 2022 bond refunding
4 Retention of Available Cash Balance (Actual 06/30/22) RPTTF amount retained should only include the amounts
distributed as reserve for future period(s)
62,431 1,228,347 E: PPA 20-21 retained for ROPS 23-24
5 ROPS 21-22 RPTTF Prior Period Adjustment
RPTTF amount should tie to the Agency's ROPS 21-22 PPA
form submitted to the CAC
No entry required 415,452
6 Ending Actual Available Cash Balance (06/30/22)
C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5)
$- $- $- $43,719 $- F: Other Funds applied to ROPS 24-25 Item 22
Hercules
Recognized Obligation Payment Schedule (ROPS 24-25) - Notes July 1, 2024 through June 30, 2025
Item # Notes/Comments
5 10
16 20 Fees paid from 2022 bond refunding cost of issuance through 2024-25 21 22
32 33
34 35