Recognized Obligation Payment Schedule (ROPS 26-27) - Summary Filed for the July 1, 2026 through June 30, 2027 Period Successor Agency: Merced City
County: Merced
Current Period Requested Funding for Enforceable
Obligations (ROPS Detail)
26-27A Total
(July -
December)
26-27B Total
(January -
June)
ROPS 26-27
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) $ 1,532,513 $ 236,281 $ 1,768,794 F RPTTF 1,482,513 186,281 1,668,794
G Administrative RPTTF 50,000 50,000 100,000
H Current Period Enforceable Obligations (A+E) $ 1,532,513 $ 236,281 $ 1,768,794 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
Attachment 2
Merced City
Recognized Obligation Payment Schedule (ROPS 26-27) - ROPS Detail July 1, 2026 through June 30, 2027
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
26-27
Total
ROPS 26-27A (Jul - Dec)
26-27A
Total
ROPS 26-27B (Jan - Jun)
26-27B
Total
Fund Sources Fund Sources
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
$13,881,525 $1,768,794 $- $- $- $1,482,513 $50,000 $1,532,513 $- $- $- $186,281 $50,000 $236,281 14 Gateways/
Cost of
Continuing
Disclosure
Fees 11/13/
2003
09/01/2038 Kosmont
Companies
Continuing
Disclosure
Gateways 6,000 N $6,000 - - - 6,000 - $6,000 - - - - - $- 45 Project Area
#2 Annual
Audit Fees
Fees 07/01/
2026
06/30/2027 Vasquez &
Company
LLP
Annual Audit
Fees for
Bond
Compliance
All 1,125 N $1,125 - - - 1,125 - $1,125 - - - - - $-
46 Gateways/
Annual Audit
Fees
Fees 07/01/
2026
06/30/2027 Vasquez &
Company
LLP
Annual Audit
Fees for
Bond
Compliance
All 1,125 N $1,125 - - - 1,125 - $1,125 - - - - - $-
73 Successor
Agency Legal
Counsel
Legal 07/01/
2024
06/30/2027 Liebold
McClendon
& Mann
Legal
Services for
bond
compliance,
project
administration
& contract/
DDA/OPA
compliance
per HSC
34171 (b) -
Costco
property,
remediation
and related
property
matters
All - N $- - - - - - $- - - - - - $-
75 Project # 2/
Lease of
Successor
Agency
property to
Costco for
Parking Lot
Option to
Purchase
same
Miscellaneous 07/13/
1993
06/30/2027 Various Obligation to
Lease
Property to
Costco &
grant of
Option to
Purchase
Property to
Costco
Project
Area #2
- N $- - - - - - $- - - - - - $-
76 R Street
Remediation
Remediation 12/01/
2012
06/30/2027 Provost &
Pritchard
Remediation
of R Street
Properties
Project
Area #2
629,000 N $629,000 - - - 629,000 - $629,000 - - - - - $-
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
26-27
Total
ROPS 26-27A (Jul - Dec)
26-27A
Total
ROPS 26-27B (Jan - Jun)
26-27B
Total
Fund Sources Fund Sources
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
per
Consultant
Services
Agreement
between
Successor
Agency and
Provost and
Prichard
90 Costco
Property and
remediation
activities
Property
Maintenance
07/01/
2026
06/30/2027 City of
Merced
Services for
bond, project
& contract/
DDA/OPA
compliance
per HSC
34171 (b) -
Costco
property and
related
remediation
(ROPS lines
18, 55 and
56)
All 1,000 N $1,000 - - - 1,000 - $1,000 - - - - - $-
94 Successor
Agency
Administration
Costs
Admin Costs 02/01/
2012
09/01/2038 Various Admin costs All 100,000 N $100,000 - - - - 50,000 $50,000 - - - - 50,000 $50,000 100 Gateways Tax
Allocation
Refunding
Bonds 2015
Series A
Refunding
Bonds Issued
After 6/27/12
07/22/
2015
09/01/2038 Wilmington
Trust NA
Debt
Payment
Gateways 13,140,775 N $1,028,044 - - - 841,763 - $841,763 - - - 186,281 - $186,281 102 Gateways/
Trustee
Services
Fees 07/22/
2015
09/01/2038 Wilmington
Trust NA
Bond agent
professional
services
Gateways 2,500 N $2,500 - - - 2,500 - $2,500 - - - - - $- 105 Conveyance
costs
Property
Dispositions
07/01/
2026
06/30/2027 Various
Vendors
Appraisals,
Title
Insurance,
escrow,
closing and
other costs
All - N $- - - - - - $- - - - - - $-
Merced City
Recognized Obligation Payment Schedule (ROPS 26-27) - Report of Cash Balances July 1, 2023 through June 30, 2024
(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 23-24 Cash Balances
(07/01/23 - 06/30/24)
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 07/01/23)
RPTTF amount should exclude "A" period distribution
amount.
2,176,865 471,605 163,871
2 Revenue/Income (Actual 06/30/24)
RPTTF amount should tie to the ROPS 23-24 total
distribution from the County Auditor-Controller
52,858 214,890 1,055,495 F2 - Includes a combination of revenue received from the parking lot rental plus
excess bond reserves from the 2003 Tax
Allocation Bonds
3 Expenditures for ROPS 23-24 Enforceable Obligations
(Actual 06/30/24)
2,229,723 520,284 807,482 C3 - Includes a combination of the final payment on the 2003 Tax Allocation Bonds
the payment received for the excess funds
held in reserve, as described in F2
4 Retention of Available Cash Balance (Actual 06/30/24) RPTTF amount retained should only include the amounts
distributed as reserve for future period(s)
170,456 F4 - Held for the FY24-25 ROPS.
5 ROPS 23-24 RPTTF Prior Period Adjustment
RPTTF amount should tie to the Agency's ROPS 23-24 PPA
form submitted to the CAC
No entry required 411,884
6 Ending Actual Available Cash Balance (06/30/24) $- $- $- $(4,245) $- F6 - Negative balance will be made whole 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 23-24 Cash Balances
(07/01/23 - 06/30/24)
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
C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5) from rental revenue in FY24-25 Merced City
Recognized Obligation Payment Schedule (ROPS 26-27) - Notes July 1, 2026 through June 30, 2027
Item # Notes/Comments
14 45
46 73
75 76
90 94
100
102
105