Recognized Obligation Payment Schedule (ROPS 25-26) - Summary Filed for the July 1, 2025 through June 30, 2026 Period Successor Agency: Hercules
County: Contra Costa
Current Period Requested Funding for Enforceable
Obligations (ROPS Detail)
25-26A Total
(July -
December)
25-26B Total
(January -
June)
ROPS 25-26
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) $ 4,952,659 $ 5,055,721 $ 10,008,380 F RPTTF 4,827,659 4,930,721 9,758,380
G Administrative RPTTF 125,000 125,000 250,000
H Current Period Enforceable Obligations (A+E) $ 4,952,659 $ 5,055,721 $ 10,008,380 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 25-26) - ROPS Detail July 1, 2025 through June 30, 2026
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
25-26 Total
ROPS 25-26A (Jul - Dec)
25-26A
Total
ROPS 25-26B (Jan - Jun)
25-26B
Total
Fund Sources Fund Sources
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
$216,994,329 $10,008,380 $- $- $- $4,827,659 $125,000 $4,952,659 $- $- $- $4,930,721 $125,000 $5,055,721 5 Catellus/
Hercules LLC
OPA/DDA/
Construction
01/01/
2009
02/15/2044 Catellus Settlement
Agreement
All 44,673,779 N $1,691,590 - - - 791,590 - $791,590 - - - 900,000 - $900,000 10 OPA (Owner
Participation
Agreement)
OPA/DDA/
Construction
11/15/
1996
11/15/2041 Hercules
Senior
Housing/
Bridge
OPA for Senior
Housing
All 2,080,000 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 102,000 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/
2011
06/30/2044 Various NONE All 5,000,000 N $250,000 - - - - 125,000 $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 108,621,570 N $7,930,790 - - - 3,965,069 - $3,965,069 - - - 3,965,721 - $3,965,721 Hercules
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.
A B C D E F G H
ROPS 22-23 Cash Balances
(07/01/22 - 06/30/23)
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 07/01/22)
RPTTF amount should exclude "A" period distribution
amount.
1,706,230 43,719 E: PPA 20-21 applied to ROPS 23-24
epenses ($62,431) + PPA 21-22 applied to
ROPS 24-25 expenses + DS Reserve held
from ROPS 21-22 ($1,228,347) F: Other
Funds balance carried over from prior periods
2 Revenue/Income (Actual 06/30/23)
RPTTF amount should tie to the ROPS 22-23 total
distribution from the County Auditor-Controller
6,958,698
3 Expenditures for ROPS 22-23 Enforceable Obligations
(Actual 06/30/23)
1,228,347 43,719 5,158,114
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)
477,883 1,800,584 E: PPA 20-21 applied to ROPS 23-24
epenses ($62,431) + PPA 21-22 applied to
ROPS 24-25 expenses F: Other Funds
applied to ROPS 24-25 Item 22 G: Reserve
for ROPS 23-24 Item 32 debt service
($1,800,584)
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
No entry required
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 22-23 Cash Balances
(07/01/22 - 06/30/23)
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
6 Ending Actual Available Cash Balance (06/30/23)
C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5)
$- $- $- $- $-
Hercules
Recognized Obligation Payment Schedule (ROPS 25-26) - Notes July 1, 2025 through June 30, 2026
Item # Notes/Comments
5 10
16 20
21 22
32