Amended Recognized Obligation Payment Schedule (ROPS 24-25B) - Summary Filed for the January 1, 2025 through June 30, 2025 Period Successor Agency: Lake Elsinore
County: Riverside
Current Period Requested Funding for Enforceable
Obligations (ROPS Detail)
ROPS 24-25B
Authorized
Amounts
ROPS 24-25B
Requested
Adjustments
ROPS 24-25B
Amended
Total
A Enforceable Obligations Funded as Follows (B+C+D) $ 307,019 $ - $ 307,019 B Bond Proceeds - - -
C Reserve Balance - - -
D Other Funds 307,019 - 307,019
E Redevelopment Property Tax Trust Fund (RPTTF) (F+G) $ 10,572,136 $ (3,944,658) $ 6,627,478 F RPTTF 10,349,317 (3,944,658) 6,404,659
G Administrative RPTTF 222,819 - 222,819
H Current Period Enforceable Obligations (A+E) $ 10,879,155 $ (3,944,658) $ 6,934,497 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
Lake Elsinore
Amended Recognized Obligation Payment Schedule (ROPS 24-25B) - ROPS Detail January 1, 2025 through June 30, 2025
Item
# Project Name Obligation Type
Total
Outstanding
Obligation
Authorized Amounts
Total
Requested Adjustments
Total Notes Fund Sources Fund Sources
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
$175,195,868 $- $- $307,019 $10,349,317 $222,819 $10,879,155 $- $- $- $(3,944,658) $- $(3,944,658) 12 Summerly DDA OPA/DDA/
Construction
$50,755,343 - - - 1,757,125 - $1,757,125 - - - - - $-
13 Summerly DDA Extraordinary
Infrastructure Fund
OPA/DDA/
Construction
$10,371,755 - - - 416,447 - $416,447 - - - - - $-
18 City Reimbursement LERA Bond
Reimbursement
Agreements
$10,161,950 - - - 564,375 - $564,375 - - - - - $-
20 Housing Fund Loan Third-Party Loans $9,774,213 - - - 3,423,460 - $3,423,460 - - - (4,590,982) - $(4,590,982) 22 Legal Services Fees $35,000 - - - 17,500 - $17,500 - - - 35,000 - $35,000 23 Consultant Fees Fees $25,500 - - - 12,750 - $12,750 - - - - - $- 28 Estimated Admin Cost Admin Costs $445,639 - - - - - $- - - - - - $- 29 Stadium License Agreement Miscellaneous $2,134,132 - - 307,019 - - $307,019 - - - - - $- 30 Stadium Maintenance Agreement Property
Maintenance
$- - - - - - $- - - - - - $-
31 Stadium Concession Agreement Miscellaneous $- - - - - - $- - - - - - $- 32 Stadium Operation and Maintenance Property
Maintenance
$35,000,000 - - - - - $- - - - - - $-
33 Interim Stadium Management Agmt. Miscellaneous $2,624,782 - - - 1,358,933 - $1,358,933 - - - 607,824 - $607,824 35 Administrative Reimbursement RPTTF Shortfall $- - - - - - $- - - - - - $- 39 Bond Disclosure Services Fees $279,000 - - - 24,000 - $24,000 - - - - - $- 40 Property Maintenance Property
Maintenance
$- - - - - - $- - - - - - $-
41 Subordinated Tax Allocation Refunding
Bonds, Series 2015
Bonds Issued After
12/31/10
$4,029,066 - - - 176,078 - $176,078 - - - - - $-
42 Fiscal Agent Fees Fees $144,000 - - - 6,500 - $6,500 - - - - - $- 44 Reconveyance Cost Property Dispositions $12,000 - - - 6,000 - $6,000 - - - - - $- 45 Arbitrage Fees Fees $63,000 - - - 3,000 - $3,000 - - - 3,500 - $3,500 46 Third Lien Tax Allocation Bonds, Series
2018A
Bonds Issued After
12/31/10
$2,370,088 - - - 76,397 - $76,397 - - - - - $-
47 Third Lien Tax Allocation Bonds, Series
2018B (Federally Taxable)
Bonds Issued After
12/31/10
$7,793,425 - - - 295,034 - $295,034 - - - - - $-
48 Subordinated Tax Allocation Refunding
Bonds, Series 2019A
Bonds Issued After
12/31/10
$11,782,625 - - - 363,000 - $363,000 - - - - - $-
Item
# Project Name Obligation Type
Total
Outstanding
Obligation
Authorized Amounts
Total
Requested Adjustments
Total Notes Fund Sources Fund Sources
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
49 Interim Stadium Management Agmt. RPTTF Shortfall $- - - - - - $- - - - - - $- 50 Tax Allocation Refunding Bonds, Series
2019B (Housing-Set-Aside)
Bonds Issued After
12/31/10
$2,142,586 - - - 359,515 - $359,515 - - - - - $-
52 Tax Allocation Refunding Bonds, Series
2020A
Bonds Issued After
12/31/10
$15,325,100 - - - 1,107,100 - $1,107,100 - - - - - $-
54 Third Lien Tax Allocation Bonds, Series
2020B
Bonds Issued After
12/31/10
$6,398,000 - - - 152,500 - $152,500 - - - - - $-
55 Third Lien Tax Allocation Bonds, Series
2020C (Federally Taxable)
Bonds Issued After
12/31/10
$3,528,664 - - - 229,603 - $229,603 - - - - - $-
58 City Reimbursement LERA Bonds Issued After
12/31/10
$- - - - - - $- - - - - - $-