1/11/23, 10:50 AM RAD
https://esd.dof.ca.gov/rad/#/rops/annual/summary 1/1
Huntington Beach
ROPS 2023-24 Annual
Requested Funding for Obligations 23-24A Total 23-24B Total ROPS Total A Obligations Funded as Follows (B+C+D) 132,058 0 132,058 B Bond Proceeds 0 0 0
C Reserve Balance 132,058 0 132,058
D Other Funds 0 0 0
E Redevelopment Property Tax Trust Fund
(RPTTF) (F+G) 8,969,592 3,928,238 12,897,830
F RPTTF 8,844,592 3,803,238 12,647,830
G Administrative RPTTF 125,000 125,000 250,000
H Current Period Obligations (A+E) 9,101,650 3,928,238 13,029,888 Summar y
Detail
Cash Balances
Submission
1/11/23, 10:51 AM RAD
https://esd.dof.ca.gov/rad/#/rops/annual/detail 1/4
Huntington Beach
ROPS 2023-24 Annual
Filter Export to Excel
Item # Obligation Name Obligation Type
Agreement
Execution
Date
Agreement
Termination
Date Payee Description
Total
Outstanding
Obligation
Total
Requested
Funding Notes
2 Hyatt Regency
Huntington Beach
Project
OPA/DDA/Construction09/14/199809/30/2023PCH Beach
Resorts LLC
Disposition and
Development Agreement
approved on September 14,
1998 for the Waterfront
Development
- -
3 2002 Tax Allocation
Refunding Bonds
Bonds Issued On or
Before 12/31/10
06/19/200208/01/2024Bank of New
York Trust Co.
Tax Allocation Bonds Debt
Service Payments
2,575,000982,000
4 1999 Tax Allocation
Refunding Bonds
Bonds Issued On or
Before 12/31/10
01/12/199908/01/2024Bank of New
York Trust Co.
Tax Allocation Bonds Debt
Service Payments
1,190,000453,625
5 2002 Tax Allocation
Refunding Bonds
Fees 11/17/201006/30/2024Arbitrage
Compliance
Specialist
Tax Allocation Bonds
arbitrage rebate calculation
- Federal IRS Compliance
500 500
6 1999 Tax Allocation
Refunding Bonds
Fees 11/17/201006/30/2024Arbitrage
Compliance
Specialist
Tax Allocation Bonds
arbitrage rebate calculation
- Federal IRS Compliance
500 500
8 2002 Tax Allocation
Refunding Bonds
Fees 06/19/200208/01/2024Bank of New
York Mellon
Tax Allocation Bonds -
Payment to Fiscal Agent
1,600 1,600
9 1999 Tax Allocation
Refunding Bonds
Fees 01/12/199908/01/2024Bank of New
York Mellon
Tax Allocation Bonds -
Payment to Fiscal Agent
1,600 1,600
12 Emerald Cove 2010
Series A Lease
Revenue Refunding
Bonds
Bonds Issued On or
Before 12/31/10
05/13/201009/01/2021US Bank Emerald Cove 2010 Series
A Lease Revenue
Refunding Bonds Debt
Service Payments
6,837,8456,837,845
14 Strand Hotel and
Mixed-Use Project,
Parking &
Infrastructure
OPA/DDA/Construction06/01/199909/30/2033CIM Group, LLC
and Kane
Ballmer and
Berkman
Property Tax Sharing
Agreement under the
Disposition and
Development Agreement
(DDA) for development of
hotel, retail, restaurant, and
public parking structure.
The Implementation of the
DDA and the Sixth
Implementation Agreement
were entered into from
June 1999 to November
2008.
4,970,141677,904
15 Strand Project
Additional Parking
OPA/DDA/Construction01/20/200909/30/2033CIM Group, LLC Property Tax Sharing Agreement under the
Disposition and
Development Agreement
(DDA) and Sixth
Implementation Agreement
for the Strand projects
parking structure
authorized on January 20,
2009.
337,219 49,576
Summar y
Detail
Cash Balances
Submission
1/11/23, 10:51 AM RAD
https://esd.dof.ca.gov/rad/#/rops/annual/detail 2/4
Item # Obligation Name Obligation Type
Agreement
Execution
Date
Agreement
Termination
Date Payee Description
Total
Outstanding
Obligation
Total
Requested
Funding Notes
17 Pacific City - Very Low
Income Units
OPA/DDA/Construction10/16/200611/26/2024Makar
Properties
15% affordable housing
requirement pursuant to
Attachment 5 of the Owner
Participation Agreement
approved on October 16,
2006. Of the 15% required
housing obligation, 5%
very-low income housing is
to be developed by the
Housing Authority. The
Developer is required to
provide the remaining 10%
on site.
- -
21 Abdelmudi Owner
Participation
Agreement/Rent
Differential Agreement
OPA/DDA/Construction05/28/199112/31/2017Abdelmudi
Development
Company
Owner Participation
Agreement/Rent
Differential Agreement
approved on May 28, 1991
for the development of the
three story building at the
Oceanview Promenade.
The Third Implementation
Amendment took effect on
November 21, 1994.
- -
29 Bella Terra Parking
Infrastructure Property
Tax Sharing
Agreement
OPA/DDA/Construction10/02/200009/30/2025Bella Terra
Associates LLC
Property Tax Sharing
Agreement required under
the terms of the Owner
Participation Agreement
(dated 10/2/2000) and
Second Implementation
Agreement (dated
9/17/2007) for the
development of the
Huntington Center (Bella
Terra). Includes legal
requirements to enforce
obligation.
3,487,0562,347,103
30 Bella Terra Phase II
Property Tax Sharing
Agreement
OPA/DDA/Construction10/04/201007/01/2036Bella Terra
Villas, LLC and
Kane Ballmer
Berkman
Agreement approved on
October 4, 2010 for
construction of a 467
mixed-use unit project.
Construction is complete
and financed by property
tax allocations. Includes
legal requirements to
implement obligation.
12,130,5831,417,635
50 Enforcement of
Successor Agency
dissolution
compliance and
monitoring per AB
1X26 and AB1484
Admin Costs 02/01/201211/26/2040Successor
Agency, Kane
Ballmer, Keyser
Marston, and
Davis Farr P et
al
Successor Agency
administrative obligations
relating to maintaining
payments on enforceable
obligations and other
activities as required by AB
1X26
250,000 250,000
64 Successor Agency
Financial Statement
Audit
Dissolution Audits 11/04/201308/01/2024Davis Farr LLP Statutorily required annual financial statement audit
of Successor Agency.
10,000 10,000
76 Waterfront Hyatt
Regency Hotel (Parcel
5), Waterfront Hilton
Hotel/Parcel C (Parcel
6 and 7)
Project Management
Costs
12/01/201509/30/2016HB Staffing Project Management Costs
for Consultant to draft
documents for the
disposition of Successor
Agency property under the
LRPMP and prepare draft
documents
- -
77 Waterfront Hyatt
Regency Hotel (Parcel
5), Waterfront Hilton
Hotel/Parcel C (Parcel
6 and 7)
Project Management
Costs
07/08/201207/08/2016Kane Ballmer &
Berkman
Legal Costs for outside
counsel to negotiate terms
for the disposition of
Successor Agency property
under the LRPMP and draft
various documents
including Purchase and
Sale Agreement
- -
1/11/23, 10:51 AM RAD
https://esd.dof.ca.gov/rad/#/rops/annual/detail 3/4
Item # Obligation Name Obligation Type
Agreement
Execution
Date
Agreement
Termination
Date Payee Description
Total
Outstanding
Obligation
Total
Requested
Funding Notes
78 Waterfront Hyatt
Regency Hotel (Parcel
5), Waterfront Hilton
Hotel/Parcel C (Parcel
6 and 7)
Project Management
Costs
06/15/201009/30/2017Keyser Marston Economic Analysis
services to prepare
financial analysis to
negotiate terms for the
disposition of Successor
Agency property under the
LRPMP
- -
90 Unfunded CalPERS
Pension Liabilities
Unfunded Liabilities06/30/201111/26/2026CalPERS Unfunded CalPERS pension obligation as per
CalPERS actuarial
valuation as of June 30,
2016
- -
91 Unfunded
Supplemental
Retirement Liabilities
Unfunded Liabilities09/30/201111/26/2026US Bank Unfunded actuarial accrued liability as of
September 30, 2013 as per
actuarial valuation by
Bartel Associates, LLC.
- -
92 Unfunded OPEB
Liabilities
Unfunded Liabilities06/30/201111/26/2024CalPERS/CERBT Unfunded actuarial accrued liability as of June
30, 2013 as per Bartel
Associates, LLC.
- -
93 Land Sale Emerald
Cove
City/County Loan (Prior
06/28/11), Property
transaction
05/18/200910/01/2030COHB Park A&D
Fund
Legally Binding Operative
Agreement Principal
Amount - $1,740,834,
Interest Rates 3%, Debt
Incurred on May 18, 2009
- -
95 Huntington Center
Redevelopment Plan
development
City/County Loan (Prior
06/28/11), Property
transaction
06/09/200510/01/2030City of
Huntington
Beach
Land and Right-of-way
acquisition costs
connected with the
Gothard-Hoover Extension
project and development of
a public storage facility
- -
96 Main-Pier
Redevelopment
Project Phase II
City/County Loan (Prior
06/28/11), Property
transaction
09/10/200510/01/2030City of
Huntington
Beach
Costs incurred to acquire
land within the Main-Pier
project area for Phase II
development projects
- -
97 Development of
Downtown Main-Pier
project area
City/County Loan (Prior
06/28/11), Property
transaction
06/04/199010/01/2030City of
Huntington
Beach
Costs incurred to acquire
land within the Main-Pier
project area to implement
the construction of parking
facilities within the
Downtown Main-Pier area
- -
98 Third Block West
commercial/residential
project
City/County Loan (Prior
06/28/11), Property
transaction
06/18/200510/01/2030City of
Huntington
Beach
Relocation, property
acquisition, and other
project costs associated
with the Third Block West
Condominium/Retail/Office
project in the Main-Pier
Redevelopment project
area
- -
99 Second Block Alley
and Street
Improvement Project
City/County Loan (Prior
06/28/11), Property
transaction
06/10/200510/01/2030City of
Huntington
Beach
Property acquisition cost
associated with the
Second Block alley and
street improvement project
- -
100 Strand Project City/County Loan (Prior
06/28/11), Property
transaction
06/18/200510/01/2030City of
Huntington
Beach
Relocation costs paid to
Wind and Sea Surf Shop
- -
101 Pierside
Hotel/Retail/Parking
Structure Project
City/County Loan (Prior
06/28/11), Property
transaction
05/15/199210/01/2030City of
Huntington
Beach
Relocation costs paid to
Terry's Coffee Shop and
First Interstate Bank
- -
102 Waterfront
Commercial Master
Site Plan
City/County Loan (Prior
06/28/11), Property
transaction
03/01/198910/01/2030City of
Huntington
Beach
Costs related to the
relocation, buyout, and
demolition of Driftwood
and Pacific Mobile Home
Parks related to the
Waterfront Commercial
Master Site Plan
- -
103 Strand Project City/County Loan (Prior
06/28/11), Property
transaction
10/19/199210/01/2030City of
Huntington
Beach
Property acquisition costs
associated with the Strand
Project
- -
1/11/23, 10:51 AM RAD
https://esd.dof.ca.gov/rad/#/rops/annual/detail 4/4
Item # Obligation Name Obligation Type
Agreement
Execution
Date
Agreement
Termination
Date Payee Description
Total
Outstanding
Obligation
Total
Requested
Funding Notes
104 Operative Agreement
for the Huntington
Beach Redevelopment
Project
City/County Loan (Prior
06/28/11), Other
06/17/200210/01/2030City of
Huntington
Beach
Loan repayment for
advance made on capital
projects in FY 2004/05
- -
1/11/23, 10:52 AM RAD
https://esd.dof.ca.gov/rad/#/rops/annual/cash-balance 1/2 Huntington Beach
ROPS 2023-24 Annual
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.
Note: Cash Balances data is auto-saved.
July 1, 2020 through June 30, 2021
(Report Amounts in Whole Dollars)
A B C D E F G H
ROPS 20-21
Cash Balances
(07/01/20 -
06/30/21)
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
07/01/20)
RPTTF amount
should exclude
"A" period
distribution
amount
2 Revenue/Income
(Actual
06/30/21)
RPTTF amount
should tie to the
ROPS 20-21
total distribution
from the County
Auditor-
Controller
3 Expenditures for
ROPS 20-21
Enforceable
Obligations
(Actual
06/30/21)
4 Retention of
Available Cash
Balance (Actual
06/30/21)
RPTTF amount
retained should
only include the
amounts
distributed as
reserve for
future period(s)
5 ROPS 20-21
RPTTF Prior
Period
Adjustment
RPTTF amount
should tie to the
Agency's ROPS
20-21 PPA form
submitted to the
CAC
No entry required
Export to Excel
17,006 74,212 1,602,447
5,152,462
17,006 74,212 6,296,904
325,947
Summar y
Detail
Cash Balances
Submission
1/11/23, 10:52 AM RAD
https://esd.dof.ca.gov/rad/#/rops/annual/cash-balance 2/2 $ 0 $ 0 $ 0 $ 0 $ 132,0586 Ending Actual
Available Cash
Balance
(06/30/21)
C to F = (1 + 2 - 3
- 4), G = (1 + 2 - 3
- 4 - 5)