Exhibit A - ROPS 25-26 — Lake Elsinore City Council, January 14, 2025

Recognized Obligation Payment Schedule (ROPS 25-26) - Summary Filed for the July 1, 2025 through June 30, 2026 Period Successor Agency: Lake Elsinore
County: Riverside
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) $ 1,517,500 $ - $ 1,517,500 B Bond Proceeds - - -
C Reserve Balance 1,517,500 - 1,517,500
D Other Funds - - -
E Redevelopment Property Tax Trust Fund (RPTTF) (F+G) $ 5,982,967 $ 7,912,632 $ 13,895,599 F RPTTF 5,708,302 7,637,968 13,346,270
G Administrative RPTTF 274,665 274,664 549,329
H Current Period Enforceable Obligations (A+E) $ 7,500,467 $ 7,912,632 $ 15,413,099 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
Recognized Obligation Payment Schedule (ROPS 25-26) - ROPS Detail July 1, 2025 through June 30, 2026

Total
outstanding
debt or
obligation is
estimated
based on
projections of
tax revenue
growth at 2%
per annum. If
property values
and
corresponding
revenues grow
at a higher or
lower rate than
2% per annum,
the total
obligation will
similarly
increase or
decreased.

DDA pledges a
portion of tax
increment for
so long as the
Agency
receives tax
increment
Project
II and
III
47,996,173 N $2,312,473 - - - 106,742 - $106,742 - - - 2,205,731 - $2,205,731 13 Summerly DDA
Extraordinary
Infrastructure
Fund

OPA/DDA/
Construction
03/11/2011 09/08/2038 Mc Millin
Summerly
LLC
DDA pledges a
portion of
property tax
revenues
through 2038.

Total
outstanding
debt or
obligation is
estimated
based on
projections of
tax revenue
Project
II and
III
10,390,035 N $476,265 - - - 99,146 - $99,146 - - - 377,119 - $377,119

DDA pledges a
portion of tax
increment for
so long as the
Agency
receives tax
increment.
18 City
Reimbursement
LERA
Bond
Reimbursement
Agreements
07/01/
2000
02/01/2032 City of Lake
Elsinore
City
Reimbursement
LERA - Debt
Service
All 8,861,850 N $1,127,213 - - - 563,606 - $563,606 - - - 563,607 - $563,607 20 Housing Fund
Loan
Third-Party
Loans
12/01/
1995
09/08/2038 Housing
Fund
Payments on
principal and
interest on loan
of bond
proceeds from
the housing
fund. Payments
made in any
given fiscal
year are
calculated and
disbursed
based on
available
property tax
revenue funds
after
deductions for
payment of all
other debts and
obligations of
the Agency.

All - Y $- - - - - - $- - - - - - $-
22 Legal Services Fees 07/01/
2024
09/01/2039 Leibold
McClendon
& Mann
Legal services
for projects,
bonds & DDA/
Stadium
Agreement
compliance.

All 80,000 N $80,000 - - - 40,000 - $40,000 - - - 40,000 - $40,000

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
23 Consultant
Fees
Fees 10/23/
2007
09/08/2025 HdL Coren
& Cone
Tax Projections
for bond & DDA
compliance
All 24,176 N $24,176 - - - 12,088 - $12,088 - - - 12,088 - $12,088 28 Estimated
Admin Cost
Admin Costs 02/01/
2012
09/08/2038 City of Lake
Elsinore
City Staff
Support/other
admin
reimbursement
All 549,329 N $549,329 - - - - 274,665 $274,665 - - - - 274,664 $274,664 29 Stadium
License
Agreement
Miscellaneous 03/15/
2001
12/31/2026 Lake
Elsinore
Storm, LP
License to use
stadium for
baseball games
Project
III
- N $- - - - - - $- - - - - - $-
30 Stadium
Maintenance
Agreement
Property
Maintenance
03/15/
2001
12/31/2026 Lake
Elsinore
Storm, LP
Agreement to
maintain
baseball field
and facilities.

Project
III
- N $- - - - - - $- - - - - - $-
31 Stadium
Concession
Agreement
Miscellaneous 01/30/
2002
12/31/2026 Golden
State
Concessions
and
Catering
Provision of
concessions for
baseball games
Project
III
- N $- - - - - - $- - - - - - $-
32 Stadium
Operation and
Maintenance
Property
Maintenance
01/01/
2013
09/03/2043 Various Operation and
maintenance of
the baseball
stadium
Project
III
34,000,000 N $- - - - - - $- - - - - - $-
33 Interim Stadium
Management
Agmt.

Miscellaneous 01/01/
2013
09/30/2026 Lake
Elsinore
Storm, LP
Stadium
Maintenance
and
Management
Project
III
4,126,750 N $4,126,750 - - - 2,114,492 - $2,114,492 - - - 2,012,258 - $2,012,258 35 Administrative
Reimbursement
RPTTF
Shortfall
02/01/
2012
09/08/2038 City of Lake
Elsinore
Repayment for
City Staff
Support/other
All - Y $- - - - - - $- - - - - - $-
39 Bond
Disclosure
Services
Fees 07/01/
2023
06/30/2026 Urban
Futures
Bond
disclosure
compliance
All 212,260 N $18,300 - - - - - $- - - - 18,300 - $18,300 40 Property
Maintenance
Property
Maintenance
09/13/
2009
06/30/2019 Various Maintenance
cost on Agency
property
Project
III
- Y $- - - - - - $- - - - - - $-
41 Subordinated
Tax Allocation
Refunding
Bonds, Series
2015
Bonds Issued
After 12/31/10
08/25/
2015
09/01/2038 Wilmington
Trust
Bond issue to
refund Tax
Allocation
Revenue
Bonds, 2011
Series A and
Local Agency
Revenue
Bonds, 2011
Series A
All 3,687,809 N $477,156 - 125,000 - 176,078 - $301,078 - - - 176,078 - $176,078 42 Fiscal Agent
Fees
Fees 08/01/
2015
09/01/2038 Wilmington
Trust
Annual fiscal
agent fees for
bonds issues
All 131,000 N $13,000 - - - 6,500 - $6,500 - - - 6,500 - $6,500

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
44 Reconveyance
Cost
Property
Dispositions
05/01/
2015
06/30/2025 Various Appraisals,
Title Insurance,
Escrow and
Closing Cost
All - Y $- - - - - - $- - - - - - $-
45 Arbitrage Fees Fees 07/01/
2024
06/30/2026 Various Arbitrage fees
for bonds
All 36,600 N $6,600 - - - 3,600 - $3,600 - - - 3,000 - $3,000 46 Third Lien Tax
Allocation
Bonds, Series
2018A
Bonds Issued
After 12/31/10
03/05/
2018
03/01/2038 Wilmington
Trust
Bond issue to
refund
Developer
Obligation
II and
III
2,210,063 N $155,544 - - - 77,772 - $77,772 - - - 77,772 - $77,772 47 Third Lien Tax
Allocation
Bonds, Series
2018B
(Federally
Taxable)
Bonds Issued
After 12/31/10
03/05/
2018
03/01/2038 Wilmington
Trust
Bond issue to
refund
Developer
Obligation
II and
III
7,201,494 N $592,882 - - - 296,441 - $296,441 - - - 296,441 - $296,441 48 Subordinated
Tax Allocation
Refunding
Bonds, Series
2019A
Bonds Issued
After 12/31/10
03/05/
2018
03/01/2038 Wilmington
Trust
Bond issue to
refund
Developer
Obligation
II and
III
11,063,375 N $887,750 - 165,000 - 363,000 - $528,000 - - - 359,750 - $359,750 49 Interim Stadium
Management
Agmt.

RPTTF
Shortfall
01/01/
2013
06/30/2038 Lake
Elsinore
Storm, LP
Stadium
Maintenance
and
Management
Project
III
- Y $- - - - - - $- - - - - - $-
50 Tax Allocation
Refunding
Bonds, Series
2019B
(Housing-Set-
Aside)
Bonds Issued
After 12/31/10
10/04/
2019
09/01/2025 Wilmington
Trust,
National
Association
Bond issue to
refund Tax
Allocation
Revenue
Bonds, 2010
Series B
ALL 1,427,959 N $712,014 - 352,500 - 359,514 - $712,014 - - - - - $- 52 Tax Allocation
Refunding
Bonds, Series
2020A
Bonds Issued
After 12/31/10
04/01/
2020
09/01/2030 Wilmington
Trust,
National
Association
Bond issue to
refund the Tax
Allocation
Revenue
Bonds, 2010
Series C
Project
I and
Project
II
14,810,100 N $3,089,200 - 875,000 - 1,107,100 - $1,982,100 - - - 1,107,100 - $1,107,100 54 Third Lien Tax
Allocation
Bonds, Series
2020B
Bonds Issued
After 12/31/10
12/23/
2020
03/01/2038 Wilmington
Trust,
National
Association
Bond issue to
refund
Developer
Obligation
Project
II and
Project
III
6,093,200 N $305,000 - - - 152,500 - $152,500 - - - 152,500 - $152,500 55 Third Lien Tax
Allocation
Bonds, Series
2020C
(Federally
Taxable)
Bonds Issued
After 12/31/10
12/23/
2020
03/01/2038 Wilmington
Trust,
National
Association
Bonds issue to
refund
Developer
Obligation
Project
II and
Project
III
3,070,358 N $459,447 - - - 229,723 - $229,723 - - - 229,724 - $229,724 Lake Elsinore
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.
- 585,000 239,337 3,290,686 Col G Line 1 - Amount shown reflects ROPS 19-20 Prior Period Adjustment (PPA)
($1,309,622), ROPS 20-21 PPA ($1,986,721)
and ROPS 21-22 PPA ($50,760),
expenditures of $50,760 due from the City for
administrative expense in excess of approved
ROPS
2 Revenue/Income (Actual 06/30/23)
RPTTF amount should tie to the ROPS 22-23 total
distribution from the County Auditor-Controller
- - 17,126,701
3 Expenditures for ROPS 22-23 Enforceable Obligations
(Actual 06/30/23)
- 585,000 33,431 18,483,116
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)
- - 120,000 602,500
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 41,531
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.

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)
$- $- $- $85,906 $1,290,240 Col G Line 6 - Amount shown reflects ROPS 20-21 Prior Period Adjustment
(PPA) ($1,986,721) and ROPS 21-22 PPA
($50,760), expenditures of $56,417 due
from the City for administrative expense in
excess of approved ROPS
Lake Elsinore
Recognized Obligation Payment Schedule (ROPS 25-26) - Notes July 1, 2025 through June 30, 2026
Item # Notes/Comments
12 13
18 20
22 23
28 29 The Stadium License Agreement (Line 29), the Stadium Maintenance Agreement (Line 30) and the Stadium Concession Agreement (Line 32) (collectively “Stadium Operations Contract”) set forth the rights and obligations of the former Redevelopment Agency on the one hand and the Storm and its affiliates on the other hand with respect to the use, operation, maintenance, and management of the Diamond Stadium. Upon dissolution of the former Redevelopment Agency, the Successor Agency and the Storm entered into the Interim Stadium Management Agreement and subsequent amendments thereto (Line 33) which incorporate the Stadium Operations Agreements by reference. Under the Interim Stadium Management Agreement (Line 33) the License Fee for the period covered by ROPS 25-26 is waived as part of the compensation to the Storm for its performance of the operation, maintenance and management of the Diamond Stadium.
30 The Stadium License Agreement (Line 29), the Stadium Maintenance Agreement (Line 30) and the Stadium Concession Agreement (Line 32) (collectively “Stadium Operations Contract”) set forth the rights and obligations of the former Redevelopment Agency on the one hand and the Storm and its affiliates on the other hand with respect to the use, operation, maintenance, and management of the Diamond Stadium. Upon dissolution of the former Redevelopment Agency, the Successor Agency and the Storm entered into the Interim Stadium Management Agreement and subsequent amendments thereto (Line 33) which incorporate the Stadium Operations Agreements by reference. Under the Interim Stadium Management Agreement (Line 33) the Maintenance Fee for the period covered by ROPS 25-26 is included as part of the compensation to the Storm for its performance of the operation, maintenance and management of the Diamond Stadium.
31 The Stadium License Agreement (Line 29), the Stadium Maintenance Agreement (Line 30) and the Stadium Concession Agreement (Line 32) (collectively “Stadium Operations Contract”) set forth the rights and obligations of the former Redevelopment Agency on the one hand and the Storm and its affiliates on the other hand with respect to the use, operation, maintenance, and management of the Diamond Stadium. Upon dissolution of the former Redevelopment Agency, the Successor Agency and the Storm entered into the Interim Stadium Management Agreement and subsequent amendments thereto (Line 33) which incorporate the Stadium Operations Agreements by reference. Under the Interim Stadium Management Agreement (Line 33) the Concession Fee covered by ROPS 25-26 is credited and assigned to the Storm as part of the compensation to the Storm for its performance of the operation, maintenance and management of the Diamond Stadium. 32 The Diamond Stadium site was donated to the Former Redevelopment Agency in 1993 subject to a 50-year covenant obligating the Agency to own and operate the Diamond Stadium as a minor league baseball stadium. The operation, maintenance and management obligations for the period covered by ROPS 25-26 are incorporated into the Interim Stadium Management Agreement (Line 33). Upon expiration of the Interim Stadium Management Agreement, the operation, management and Lake Elsinore
Recognized Obligation Payment Schedule (ROPS 25-26) - Notes July 1, 2025 through June 30, 2026
Item # Notes/Comments
maintenance obligations must be performed by the Successor Agency through 2043. 33 The Interim Stadium Management Agreement incorporates all of the obligations under the Stadium Operations Contract (Lines 29-31) and the operation and maintenance obligations under Line 32. The obligations under the Interim Stadium Management Agreement include compensation to the Storm for the performance of the management, maintenance and operation services of the Diamond Stadium and necessary Capital Repairs.
35 39
40 41
42 44
45 46
47 48
49 50
52 54
55

Lake Elsinore City CouncilJanuary 14, 2025

Lake Elsinore City Council
January 14, 2025