Huntington Beach
ROPS 2024-25 Annual
Requested Funding for Obligations 24-25A Total 24-25B Total ROPS Total A Obligations Funded as Follows (B+C+D) 0 76,969 76,969 B Bond Proceeds 0 0 0
C Reserve Balance 0 0 0
D Other Funds 0 76,969 76,969
E Redevelopment Property Tax Trust Fund
(RPTTF) (F+G) 8,035,180 7,163,948 15,199,128
F RPTTF 7,910,180 7,038,948 14,949,128
G Administrative RPTTF 125,000 125,000 250,000
H Current Period Obligations (A+E) 8,035,180 7,240,917 15,276,097 Summar y
Detail
Cash Balances
Submission
Huntington Beach
ROPS 2024-25 Annual
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Item # Obligation Name Obligation Type
Agreement
Execution
Date
Agreement
Termination
Date Payee Description
Total
Outstanding
Obligation
Total
Requested
Funding Notes
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
799,500 799,500
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
369,000 369,000
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
- -
Summar y
Detail
Cash Balances
Submission
Item # Obligation Name Obligation Type
Agreement
Execution
Date
Agreement
Termination
Date Payee Description
Total
Outstanding
Obligation
Total
Requested
Funding Notes
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.
5,862,789 677,904
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.
543,529 49,576
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.
- -
Item # Obligation Name Obligation Type
Agreement
Execution
Date
Agreement
Termination
Date Payee Description
Total
Outstanding
Obligation
Total
Requested
Funding Notes
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.
1,874,8241,874,824
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.
11,329,1891,412,552
Item # Obligation Name Obligation Type
Agreement
Execution
Date
Agreement
Termination
Date Payee Description
Total
Outstanding
Obligation
Total
Requested
Funding Notes
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
79 Land Sale
Emerald Cove
City/County Loan (Prior
06/28/11), Property
transaction
05/18/200910/01/2030City of
Huntington
Beach
Legally Binding
Operative
Agreement
Principal
Amount -
$1,740,834,
Interest Rates
3%, Debt
Incurred on May
18, 2009
- -
119 Waterfront
Commercial
Master Site Plan
City/County Loan (Prior
06/28/11), Property
transaction
09/19/198806/30/2040City of
Huntington
Beach
Acquisition of
the Waterfront
property related
to the
Waterfront
Commercial
Master Site Plan
31,136,0009,828,541
Huntington Beach
ROPS 2024-25 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, 2021 through June 30, 2022
(Report Amounts in Whole Dollars)
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
2 Revenue/Income
(Actual
06/30/22)
RPTTF amount
should tie to the
ROPS 21-22
total distribution
from the County
Auditor-
Controller
3 Expenditures for
ROPS 21-22
Enforceable
Obligations
(Actual
06/30/22)
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)
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
Export to Excel
169,574
76,969 7,022,930
169,574 6,062,956
959,974
Summar y
Detail
Cash Balances
Submission
$ 0 $ 0 $ 0 $ 76,969$ 06 Ending Actual
Available Cash
Balance
(06/30/22)
C to F = (1 + 2 - 3
- 4), G = (1 + 2 - 3
- 4 - 5)