2646873v6 - updated 01/13/2021
APPROVED AS TO FORM AND LEGALITY
________________________
ORSA COUNSEL
OAKLAND REDEVELOPMENT
SUCCESSOR AGENCY
RESOLUTION NO. _______________ C.M.S.
RESOLUTION APPROVING THE SUBMISSION OF A RECOGNIZED
OBLIGATION PAYMENT S CHEDULE AND O AKLAND
REDEVELOPMENT SUCCESSOR AGENCY ADMINISTRATIVE
BUDGET FOR JULY 1, 2 022 THROUGH JUNE 30, 20 23, AND
TRANSMISSION OF BOTH TO THE COUNTYWIDE OVERSIGHT
BOARD, THE ALAMEDA COUNTY AUDITOR-CONTROLLER AND
THE STATE DEPARTMENT OF FINANCE FOR APPROVAL
WHEREAS, California Health and Safety Code Section 34177(o), as amended, requires a VXFFHVVRU DJHQF\ WR SUHSDUH D 5HFRJQL]HG 2EOLJDWLRQ 3D\PHQW 6FKHGXOH ³5236´
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IRUPHU UHGHYHORSPHQW DJHQF\¶V UHFRJQL]HG HQIRUFHDEOH REOLJDWLRQV SD\PHQW VRXUFHV WKH sucFHVVRUDJHQF\¶VH[FHVVERQGSURFHHGVREOLJDWLRQVDQGUHODWHGLQIRUPDWLRQIRUHDFKILVFDO\HDU period; and
WHEREAS, California Health and Safety Code Section 34177(l), as amended, requires that a ROPS be submitted to and approved by the oversight board, and submitted to the County Administrator, the County Auditor-Controller, the State Controller, and the California Department of Finance; and
WHEREAS, California Health and Safety Code Section 34177(j) requires a successor agency to prepare a proposed administrative budget for submission to the oversight board for approval; and
WHEREAS, California Health and Safety Code Section 34177 (m)(1)(A) provides that the successor agency shall complete the ROPS in the manner provided for by the Department of Finance; and
WHEREAS WKH 2DNODQG 5HGHYHORSPHQW 6XFFHVVRU $JHQF\ ³256$´
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5236IRU-XO\WKURXJK-XQHRWKHUZLVHUHIHUUHGWRDV³5236-´ DQG
WHEREAS, the ORSA Board wishes to submit the ROPS 22-23 to the Alameda County Administrator, Alameda County Auditor-Controller, Countywide Oversight Board, State Controller, and the Department of Finance for review and approval, as required; and
2 WHEREAS, the ROPS 22-23, when approved, will be operative on July 1, 2022, and will govern payments by ORSA after this date; and
WHEREAS, ORSA has prepared a proposed administrative budget for July 1, 2022 through June 30, 2023 and wishes to submit said administrative budget to the Countywide Oversight Board for approval; now, therefore, be it
RESOLVED: That the ORSA Board hereby approves that ROPS for July 1, 2022 through June 30, 2023, attached to this Resolution as Exhibit A, and authorizes staff to submit the ROPS 22-23 to the Countywide Oversight Board, Alameda County Administrator, Alameda County Auditor-Controller, State Controller, and California Department of Finance for review and approval as required per State dissolution laws; and be it
FURTHER RESOLVED: That the approved ROPS 22-23 shall substantially govern payments by ORSA during the ROPS 22-23 period; and be it
FURTHER RESOLVED: That the approval and submission of the ROPS 22-23 does not constitute preapproval of any project, contract, or contractor by the City; and be it
FURTHER RESOLVED: That the ORSA Board hereby approves that administrative budget for July 1, 2022 through June 30, 2023, attached to this Resolution as Exhibit B, for submission to the Countywide Oversight Board for approval as required per State dissolution laws; and be it
FURTHER RESOLVED: That the approved ROPS 22-23 and administrative budget together shall constitute the annual budget of ORSA; and be it
FURTHER RESOLVED: That the ORSA Board hereby authorizes the ORSA Administrator or designee to appropriate funds or amend budget amoun ts as necessary for conformance with the final approved ROPS; and be it
FURTHER RESOLVED: That the ORSA Board hereby authorizes the ORSA Administrator or designee to expend, in accordance with the laws of the State of California and the City of Oakland on behalf of ORSA, appropriations for projects and activities as incorporated in the approved ROPS and administrative budget; and be it
FURTHER RESOLVED: That the ORSA Board hereby authorizes the ORSA Administrator or designee to transfer funds between operating funds, debt funds and capital funds to correct deficits in any of the funds as permitted by law; and to close inactive funds and transfer residual balances from these inactive funds to other active funds consistent with the approved ROPS and administrative budget; and be it
FURTHER RESOLVED: That the ORSA Administrator or designee is authorized to reimburse or otherwise make payments to the City of Oakland for all costs incurred, services rendered and payments made by the City pursuant to the approved ROPS 22-23 and administrative budget; and be it
3 FURTHER RESOLVED: That the ORSA Administrator or designee may transfer operating appropriations within the administrative budget between activity programs or expenditure accounts during the designated period provided that such funds remain within the total administrative budget authorized; and be it
FURTHER RESOLVED: That the ORSA Administrator or designee is authorized to revise the ROPS 22-23 to conform to the ROPS format prescribed by the Department of Finance when available; and be it
FURTHER RESOLVED: That the ORSA Administrator is authorized to revise the submitted ROPS 22-23 and/or administrative budget based on changes required as part of the County and state review and approval process or new information, adjust payment amounts listed on the ROPS 22-23 to reflect actual expenses incurred, and take any other action with respect to the ROPS 22-23 and the administrative budget consistent with this Resolution and its basic purposes; and be it
FURTHER RESOLVED: That the ORSA Board has determined that the actions authorized under this Resolution are not subject to the California Environmental Quality Act
³&(4$´
, pursuant to CEQA Guidelines Section 15060.
BY SUCCESSOR AGENCY, OAKLAND, CALIFORNIA,
PASSED BY THE FOLLOWING VOTE:
AYES - FIFE, GALLO, KALB, KAPLAN, REID, TAYLOR, THAO AND
PRESIDENT FORTUNATO BAS
NOES ±
ABSENT ±
ABSTENTION ±
ATTEST:
ASHA REED
Secretary of the Oakland Redevelopment
Successor Agency
4 EXHIBIT A
ROPS 22-23
(attached)
Successor Agency: Oakland
County: Alameda
Current Period Requested Funding for Enforceable Obligations (ROPS Detail) 22-23A Total
(July - December)
22-23B Total
(January - June) ROPS 22-23 Total
A 24,924,384$ -$ 24,924,384$ B 8,211,777 - 8,211,777 C 16,452,607 - 16,452,607 D 260,000 - 260,000 E 13,401,401$ 22,143,839$ 35,545,240$ F 13,043,510 21,785,948 34,829,458 G 357,891 357,891 715,782 H Current Period Enforceable Obligations (A+E): 38,325,785$ 22,143,839$ 60,469,624$ Chairperson
Name Title
/s/
Signature Date
RPTTF
Administrative RPTTF
Certification of Oversight Board Chairman:
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.
Barbara Halliday
Redevelopment Property Tax Trust Fund (RPTTF) (F+G):
Recognized Obligation Payment Schedule (ROPS 22-23) - Summary Filed for the July 1, 2022 through June 30, 2023 Period Enforceable Obligations Funded as Follows (B+C+D):
Bond Proceeds
Reserve Balance
Other Funds
A B C D E F G H I J K L M N O P Q R S T U V W
Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF All $ 437,327,234 $ 60,469,624 $ 8,211,777 $ 16,452,607 $ 260,000 $ 13,043,510 $ 357,891 $ 38,325,785 $ - $ - $ - $ 21,785,948 $ 357,891 $ 22,143,839 3 Oak Center Debt City/County Loan (Prior 06/28/11),
Other
6/30/2025 City of Oakland Loan for streetscape, utility, fire station and other public facility improvements
Agency-wide N $ - $ - $ - 5 Property Management,
Maintenance, & Insurance Costs
Property Maintenance 1/1/2014 6/30/2035 Various - staff, consultants, cleanup contractor, monitoring
Staffing, consultants, maintenance
contractor, monitoring, insurance costs
Agency-wide 89,209 N $ 25,000 25,000 $ 25,000 $ - 6 Administrative Cost Allowance Admin Costs 1/1/2014 6/30/2035 City of Oakland, as successor agency
Administrative staff costs, and
operating & maintenance costs
Agency-wide 15,920,356 N $ 715,782 357,891 $ 357,891 357,891 $ 357,891 7 PERS Pension obligation Unfunded Liabilities 6/29/2004 6/30/2023 City of Oakland MOU with employee unions Agency-wide 21,120,833 N 1,317,884 658,942 658,942 658,942 658,942 8 OPEB unfunded obligation Unfunded Liabilities 6/29/2004 6/30/2023 City of Oakland MOU with employee unions Agency-wide 10,654,015 N 665,616 332,808 332,808 332,808 332,808 10 Unemployment obligation Unfunded Liabilities 6/29/2004 6/30/2023 City of Oakland MOU with employee unions Agency-wide 1,256,433 N 1,256,434 628,217 628,217 628,217 628,217 14 B/M/SP project & other
staff/operations, successor
agency
Project Management Costs 1/1/2014 6/30/2026 City of Oakland as successor agency
Aggregated project staff, other
personnel costs and
operating/maintenance costs for
successor agency enforceable
obligations in B-M-SP Oakland area,
per labor MOUs (P187510)
B-M-SP 428,891 N $ 26,568 13,284 $ 13,284 13,284 $ 13,284 17 B/M/SP 2006C T Bonds Debt
Service
Bonds Issued On or Before
12/31/10
10/1/2006 10/12/2036 Wilmington Trust N.A Taxable Tax Allocation Bonds Debt Service
B-M-SP 9,041,832 N $ 1,639,901 723,171 $ 723,171 916,730 $ 916,730 18 B/M/SP 2010 RZEDB Bonds
Debt Svc
Bonds Issued On or Before
12/31/10
10/1/2010 9/1/2040 Bank of New York Federally Subsidized Taxable TABs Debt Service
B-M-SP 14,546,805 N $ 886,275 316,985 $ 316,985 569,290 $ 569,290 19 B/M/SP 2006C TE Bonds
Covenants
Bonds Issued On or Before
12/31/10
10/1/2006 10/12/2036 Various Bond proceeds to fulfill legal obligations of tax allocation bond covenants
B-M-SP - N $ - $ - $ - 20 B/M/SP 2006C T Bonds
Covenants
Bonds Issued On or Before
12/31/10
10/1/2006 10/12/2036 Various Bond proceeds to fulfill legal obligations of tax allocation bond covenants
B-M-SP 704,111 N $ - $ - $ - 21 B/M/SP 2010 RZEDB Bonds
Covenants
Bonds Issued On or Before
12/31/10
10/1/2010 9/1/2040 Various Bond proceeds to fulfill legal obligations of tax allocation bond covenants and
reserve requirement
B-M-SP 13,623 N $ - $ - $ - 23 B/M/SP 2006C T Bonds
Administration;
Bank & Bond Payments
Fees 10/1/2006 10/12/2036 Various Audit, rebate analysis, disclosure consulting, trustee services, bank &
bond, etc. (0000000)
B-M-SP 55,500 N $ 6,000 6,000 $ 6,000 $ - 24 B/M/SP 2010 RZEDB Bonds
Administration;
Bank & Bond Payments
Fees 10/1/2010 9/1/2040 Various Audit, rebate analysis, disclosure consulting, trustee services, bank &
bond, etc. (0000000)
B-M-SP 144,200 N $ 6,000 6,000 $ 6,000 $ - 25 MacArthur Transit Village/Prop 1C
TOD
OPA/DDA/Construction 3/4/2011 6/30/2024 MTCP, LLC Grant from HCD pass-thru to MTCP (G436910)
B-M-SP - N $ - $ - $ - 26 MacArthur Transit Village/Prop 1C
Infill
OPA/DDA/Construction 3/9/2011 6/30/2024 MTCP, LLC Grant from HCD pass-thru to MTCP (G437010)
B-M-SP - N $ - $ - $ - 30 MacArthur Transit Village/OPA
(Non Housing)
Legal 5/11/2011 6/20/2012 Rosales Law Partnership Legal services related to MacArthur TV OPA (P187530)
B-M-SP - N $ - $ - $ - 54 Central District project & other
staff/operations, successor
agency
Project Management Costs 1/1/2014 6/30/2030 City of Oakland, as successor agency
Aggregated project staff, other
personnel costs and
operating/maintenance costs for
successor agency enforceable
obligations in CD Oakland area, per
labor MOUs. (S00800)
Central District 2,112,717 N $ 498,360 249,947 $ 249,947 248,413 $ 248,413 60 Yoshi's/JackLondonSquare/Secur
ity Deposit
Miscellaneous 12/18/1994 5/4/2017 Yoshi's Owner Participation Agreement/Sublease with
Restaurant/Jazz Club (P130620)
Central District 13,500 N $ 13,500 13,500 $ 13,500 $ - 61 Regal Cinemas/Jack London
Square/Security Deposit
Miscellaneous 4/11/1995 4/10/2031 Regal Cinemas Owner Participation Agreement/Sublease with Movie
Theater (P130620)
Central District 25,000 N $ 25,000 25,000 $ 25,000 $ - 68 Central District Bonds (9714)
1986 Bond Covenants
Bonds Issued On or Before
12/31/10
1/1/1989 6/30/2023 Various Bond proceeds to fulfill legal obligations of tax allocation bond covenants
Central District 50,623 N $ - $ - $ - 70 Central District Bonds (9716)
2003 Bond Covenants
Bonds Issued On or Before
12/31/10
1/7/2003 6/30/2023 Various Bond proceeds to fulfill legal obligations of tax allocation bond covenants
Central District 10,159 N $ - $ - $ - 71 Central District Bonds (9717)
2005 Bond Covenants
Bonds Issued On or Before
12/31/10
1/25/2005 6/30/2023 Various Bond proceeds to fulfill legal obligations of tax allocation bond covenants &
reserve requirements
Central District 441 N $ - $ - $ - 72 Central District Bonds (9718)
2006T Bond Covenants
Bonds Issued On or Before
12/31/10
11/9/2006 6/30/2023 Various Bond proceeds to fulfill legal obligations of tax allocation bond covenants
Central District 917,824 N $ - $ - $ - 73 Central District Bonds (9719)
2009 Bond Covenants
Bonds Issued On or Before
12/31/10
5/6/2009 6/30/2023 Various Bond proceeds to fulfill legal obligations of tax allocation bond covenants &
reserve requirement
Central District 5,743 N $ - $ - $ - 74 Central District Bonds (9710)
Administration;
Bank & Bond Payments
Fees 1/1/2014 6/30/2023 Various Audit, rebate analysis, disclosure consulting, trustee services, bank &
bond, etc. (0000000)
Central District 108,863 N $ 21,500 21,500 $ 21,500 $ - Oakland Recognized Obligation Payment Schedule (ROPS 22-23) - ROPS Detail July 1, 2022 through June 30, 2023
(Report Amounts in Whole Dollars)
Item # Payee Description/Project Scope Project Area
Total
Outstanding
Debt or
Obligation Retired
22-23A (July - December)
22-23B
Total Project Name/Debt Obligation Obligation Type
Contract/Agreement
Execution Date
Fund Sources Fund Sources Contract/Agreement
Termination Date
ROPS 22-23
Total
22-23B (January - June)
22-23A
Total
A B C D E F G H I J K L M N O P Q R S T U V W
Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF All $ 437,327,234 $ 60,469,624 $ 8,211,777 $ 16,452,607 $ 260,000 $ 13,043,510 $ 357,891 $ 38,325,785 $ - $ - $ - $ 21,785,948 $ 357,891 $ 22,143,839 Oakland Recognized Obligation Payment Schedule (ROPS 22-23) - ROPS Detail July 1, 2022 through June 30, 2023
(Report Amounts in Whole Dollars)
Item # Payee Description/Project Scope Project Area
Total
Outstanding
Debt or
Obligation Retired
22-23A (July - December)
22-23B
Total Project Name/Debt Obligation Obligation Type
Contract/Agreement
Execution Date
Fund Sources Fund Sources Contract/Agreement
Termination Date
ROPS 22-23
Total
22-23B (January - June)
22-23A
Total
84 Franklin 88 DDA OPA/DDA/Construction 10/18/2004 6/12/2023 Arioso HOA As-needed responses to inquiries from current property owners and related
parties, or enforcement of post-
construction obligations
Central District 61,107 N $ 60,000 60,000 $ 60,000 $ - 88 Rotunda DDA OPA/DDA/Construction 6/29/1998 6/12/2023 Rotunda Partners DDA Post-Construction Obligations Central District - N $ - $ - $ - 89 Sears LDDA OPA/DDA/Construction 10/20/2005 6/30/2023 Sears Development Co LDDA Administration (P130620) Central District 1,550,000 N $ - $ - $ - 90 Swans DDA OPA/DDA/Construction 7/11/1997 6/12/2023 East Bay Asian Local Development Corporation
(EBALDC)
As-needed responses to inquiries from
current property owners and related
parties, or enforcement of post-
construction obligations
Central District - N $ - $ - $ - 92 UCOP Administration Building OPA/DDA/Construction 11/25/1996 6/12/2023 Oakland Development LLC As-needed responses to inquiries from current property owners and related
parties, or enforcement of post-
construction obligations
Central District - N $ - $ - $ - 93 Uptown LDDA OPA/DDA/Construction 10/24/2005 10/23/2071 Uptown Housing Partners As-needed responses to inquiries from current property owners and related
parties, or enforcement of post-
construction obligations. Lease can be
extended for another 33 years to 2104.
Central District - N $ - $ - $ - 94 Uptown LDDA Admin Fee (9710) Fees 10/24/2005 10/26/2045 City of Oakland Annual administrative fee paid by developer to support staff costs
associated with bond issuance
(0000000)
Central District 2,300,000 N $ 200,000 200,000 $ 200,000 $ - 96 Victorian Row DDA OPA/DDA/Construction 7/1/2003 6/12/2023 PSAI Old Oakland Associates LLC
As-needed responses to inquiries from
current property owners and related
parties, or enforcement of post-
construction obligations
Central District - N $ - $ - $ - 99 Fox Theatre Business Incentive Agreements 8/30/2005 12/31/2016 Bank of America Community Development Corporation
New Markets Tax Credit Loan
Guaranty
Central District 12,090,000 N $ - $ - $ -
A B C D E F G H I J K L M N O P Q R S T U V W
Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF All $ 437,327,234 $ 60,469,624 $ 8,211,777 $ 16,452,607 $ 260,000 $ 13,043,510 $ 357,891 $ 38,325,785 $ - $ - $ - $ 21,785,948 $ 357,891 $ 22,143,839 Oakland Recognized Obligation Payment Schedule (ROPS 22-23) - ROPS Detail July 1, 2022 through June 30, 2023
(Report Amounts in Whole Dollars)
Item # Payee Description/Project Scope Project Area
Total
Outstanding
Debt or
Obligation Retired
22-23A (July - December)
22-23B
Total Project Name/Debt Obligation Obligation Type
Contract/Agreement
Execution Date
Fund Sources Fund Sources Contract/Agreement
Termination Date
ROPS 22-23
Total
22-23B (January - June)
22-23A
Total
100 Fox Theatre Business Incentive Agreements 8/30/2005 9/30/2018 Bank of America Community Development Corporation
New Markets Tax Credit Loan
Guaranty
Central District 1,950,000 N $ - $ - $ - 101 Fox Theatre Business Incentive Agreements 8/30/2005 12/31/2018 National Trust Community Investment Fund III
New Markets Tax Credit and Historic
Tax Credit investment Guaranty
Central District 15,997,284 N $ - $ - $ - 105 Downtown Capital Project
Support
Miscellaneous 3/1/2009 3/1/2023 Downtown Oakland CBD BID Assessments on Agency Property Central District 5,000 N $ 5,000 5,000 $ 5,000 $ - 106 Sublease Agreement for the
George P. Scotlan Memorial
Convention Center
Miscellaneous 6/30/2010 6/12/2023 City of Oakland Sublease between the Successor Agency and the City for the Scotlan
Convention Center (T429410)
Central District - N $ - $ - $ - 200 CCE 2006 Taxable Bond Debt
Service
Bonds Issued On or Before
12/31/10
10/1/2006 9/1/2036 Wilmington Trust N.A 2006 Taxable Bond Debt Service Central City East 52,796,733 N $ 7,862,343 3,397,118 $ 3,397,118 4,465,225 $ 4,465,225 202 CCE 2006 Taxable Bond
Covenant
Bonds Issued On or Before
12/31/10
10/1/2006 9/1/2036 Various 2006 Taxable Bond proceeds to fulfill legal obligations of tax allocation bond
covenants
Central City East 120,337 N $ - $ - $ - 203 CCE 2006 TE Bond Covenant Bonds Issued On or Before 12/31/10
10/1/2006 9/1/2036 Various 2006 TE Bond proceeds to fulfill legal obligations of tax allocation bond
covenants
Central City East 1,850 N $ - $ - $ - 204 CCE 2006 Taxable Bond
Administration;
Bank & Bond Payments
Fees 10/1/2006 9/1/2036 Various 2006 Taxable bond Audit, rebate analysis, disclosure consulting, trustee
services, bank & bond payments, etc.
Central City East 89,815 N $ - - $ - $ - 207 9451 MacArthur Blvd- Evelyn
Rose Project
Miscellaneous 7/30/2002 6/30/2025 Housing Successor Repayment of loan from Housing Low/Mod for CCE housing project
(S233310)
Central City East 517,500 N 517,500 517,500 517,500
241 Coliseum project & other
staff/operations, successor
agency
Project Management Costs 1/1/2014 6/30/2019 City of Oakland as successor agency
Aggregated project staff, other
personnel costs and
operating/maintenance costs for
successor agency enforceable
obligations in Coliseum area, per labor
MOUs. (S82600)
Coliseum 702,837 N $ - $ - $ - 246 Coliseum Taxable Bond Debt
Service
Bonds Issued On or Before
12/31/10
10/1/2006 9/1/2036 Wilmington Trust N.A 2006 Coliseum Taxable Bond Debt Service
Coliseum 72,393,487 N $ 8,769,446 3,692,450 $ 3,692,450 5,076,996 $ 5,076,996 247 Coliseum TE Bond Debt Service Bonds Issued On or Before 12/31/10
10/1/2006 9/1/2036 Wilmington Trust N.A 2006 Coliseum TE Bond Debt Service Coliseum - N $ - $ - $ - 250 Coliseum Taxable Bond
Administration
Fees 10/1/2006 9/1/2036 Various 2006 Taxable bond Audit, rebate analysis, disclosure consulting, trustee
services, etc. (000000)
Coliseum 63,315 N $ 6,000 6,000 $ 6,000 $ - 251 Coliseum TE Bond Administration Fees 10/1/2006 9/1/2036 Various 2006 TE bond Audit, rebate analysis, disclosure consulting, trustee services,
etc. (0000000)
Coliseum - N $ - $ - $ - 352 94th and International Blvd OPA/DDA/Construction 3/3/2011 7/5/2067 City of Oakland/TBD - LP / Related
Housing development loan (L413810) Low-Mod - N $ - $ - $ - 353 California Hotel Acquisition/Rehab OPA/DDA/Construction 3/3/2011 3/1/2067 City of Oakland/California Hotel LP
Housing development loan (L438210) Low-Mod 163,327 N $ 163,327 163,327 $ 163,327 $ - 354 Marcus Garvey Commons OPA/DDA/Construction 3/3/2011 3/1/2068 City of Oakland/East Bay Asian Local Development
Corporation (EBALDC)
Housing development loan (L438310) Low-Mod - N $ - $ - $ - 359 1550 5th Avenue OPA/DDA/Construction 9/21/2009 6/30/2019 City of Oakland/Dunya Alwan Residential Rehabilitation Loan (L284810)
Low-Mod 8,230 N $ 8,230 8,230 $ 8,230 $ - 370 Low & Moderate Income Housing
project & other staff/operations,
successor agency
Project Management Costs 1/1/2014 6/30/2019 City of Oakland Staff costs for proj mgmt.; ongoing monitoring/reporting;
operating/maintenance costs
Low-Mod 3,395,096 N $ 1,603,702 1,300,000 303,702 $ 1,603,702 - $ - 371 Construction Monitoring Services Project Management Costs 1/1/2014 6/30/2019 Various Construction monitoring for housing projects
Low-Mod 118,820 N $ 118,820 118,820 $ 118,820 - $ -
A B C D E F G H I J K L M N O P Q R S T U V W
Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF All $ 437,327,234 $ 60,469,624 $ 8,211,777 $ 16,452,607 $ 260,000 $ 13,043,510 $ 357,891 $ 38,325,785 $ - $ - $ - $ 21,785,948 $ 357,891 $ 22,143,839 Oakland Recognized Obligation Payment Schedule (ROPS 22-23) - ROPS Detail July 1, 2022 through June 30, 2023
(Report Amounts in Whole Dollars)
Item # Payee Description/Project Scope Project Area
Total
Outstanding
Debt or
Obligation Retired
22-23A (July - December)
22-23B
Total Project Name/Debt Obligation Obligation Type
Contract/Agreement
Execution Date
Fund Sources Fund Sources Contract/Agreement
Termination Date
ROPS 22-23
Total
22-23B (January - June)
22-23A
Total
372 2000 Housing Bonds Covenants Revenue Bonds Issued On or Before 12/31/10
7/1/2000 6/30/2025 Various Bond proceeds to fulfill legal obligations of tax allocation bond covenants
Low-Mod 47,691 N $ - $ - $ - 377 2006A-T Housing Bonds
Covenants
Revenue Bonds Issued On or
Before 12/31/10
4/4/2006 6/30/2025 Various Bond proceeds to fulfill legal obligations of tax allocation bond covenants
Low-Mod 1,199,121 N $ - $ - $ - 380 2011 Housing Bonds Covenants Revenue Bonds Issued After 12/31/10
3/8/2011 6/30/2025 Various Bond proceeds to fulfill legal obligations of tax allocation bond covenants
Low-Mod 581,100 N 581,100 581,100 581,100
383 Development of low and
moderate income housing to
meet replacement housing and
inclusionary/area production
requirements pursuant to Section
33413, to the extent required by
law
Legal 1/1/2014 6/30/2023 Various Site acquisition loans; Housing development loans; etc.
Low-Mod - N $ - $ - $ - 389 HOME Match Funds CDBG/HUD Repayment to
City/County
7/1/2011 6/30/2023 City of Oakland Matching funds required by Federal HOME program (H236510)
Low-Mod 36,089 N $ 36,089 36,089 $ 36,089 $ - 396 94th and International Blvd Bond Funded Project – Pre-2011 3/3/2011 7/5/2067 City of Oakland/TBD - LP / Related
Housing development loan (P151796) Low-Mod - N $ - $ - $ - 397 1574-90 7th Street Bond Funded Project – Housing 6/26/2003 6/30/2023 City of Oakland/CDCO Site acquisition loan (P151822) Low-Mod 8,551 N $ 8,551 8,551 $ 8,551 $ - 398 Faith Housing Bond Funded Project – Housing 2/13/2001 6/30/2023 City of Oakland/Faith Housing Site acquisition loan (P151830) Low-Mod 8,917 N $ 8,971 8,971 $ 8,971 $ - 399 3701 MLK Jr Way Bond Funded Project – Housing 2/2/2004 6/30/2024 City of Oakland/CDCO (or maint. service contractor)
Site acquisition loan (P151832) Low-Mod 5,641 N $ 5,641 5,641 $ 5,641 $ - 400 MLK & MacArthur (3829 MLK) Bond Funded Project – Housing 2/21/2001 6/30/2023 City of Oakland/CDCO (or maint. service contractor)
Site acquisition loan (P151840) Low-Mod 6,528 N $ 6,528 6,528 $ 6,528 $ - 401 715 Campbell Street Bond Funded Project – Housing 6/25/2002 6/30/2023 City of Oakland/OCHI- Westside
Site acquisition loan (P151851) Low-Mod 596 N $ 596 596 $ 596 $ - 402 1672- 7th Street Bond Funded Project – Housing 12/10/2004 6/30/2024 City of Oakland/OCHI- Westside
Site acquisition loan (P151870) Low-Mod 4,233 N $ 4,233 4,233 $ 4,233 $ - 403 1666 7th St Acquisition. Bond Funded Project – Housing 2/28/2006 6/30/2026 City of Oakland/OCHI- Westside
Site acquisition loan (P151891) Low-Mod 2,201 N $ 2,201 2,201 $ 2,201 $ - 419 California Hotel rehab Bond Funded Project – Housing 3/3/2011 3/1/2067 City of Oakland/CA Hotel Oakland LP
Housing development loan (L438610) Low-Mod 1,180,056 N $ 1,180,056 1,180,056 $ 1,180,056 $ - 421 MacArthur BART affordable
housing
Bond Funded Project – Housing 2/24/2010 6/30/2030 City of Oakland/BRIDGE Housing development loan (L437910) Low-Mod - N $ - $ - $ - 422 Oak to 9th OPA/DDA/Construction 8/24/2006 6/30/2023 City of Oakland/Harbor Partners LLC
Land acquisition per Development
Agreement and Cooperation
Agreement; purchase price will be fair
market value when Harbor Partners
notify City site is ready (L439410)
Low-Mod 50,373 N $ - - $ - $ - 423 Oak to 9th Bond Funded Project – Housing 8/24/2006 6/30/2026 City of Oakland; Various Obligation to develop 465 affordable housing units pursuant to Cooperation
Agreement with Oak to 9th Community
Benefits Coalition
Low-Mod 1,735,303 N $ 1,900,000 1,900,000 $ 1,900,000 - $ - 426 West Oakland Loan
Indebtedness
City/County Loan (Prior 06/28/11),
Cash exchange
3/3/2011 6/30/2023 City of Oakland Per Oversight Board Resolution 2013- 16 -- finding that this loan indebtedness
to the City was for legitimate
redevelopment purposes and
authorized placement of obligation on
the ROPS per HSC Section 34191.4(b)
West Oakland 2,749,243 N 2,749,243 2,749,243 2,749,243
632 Central District Bonds DS Refunding Bonds Issued After 6/27/12
10/3/2013 9/1/2023 Bank of New York Subordinated TAB, Series 2013 refinancing Series 2003 & 2005
Central District 4,233,250 N $ 8,171,275 4,061,737 $ 4,061,737 4,109,538 $ 4,109,538 635 Excess bond proceeds
obligation/Bond Expenditure
Agreement
Bond Funded Project – Pre-2011 11/8/2013 6/30/2024 City of Oakland (Housing Successor); TBD
Allocate to Low-Mod Housing Asset
Fund per Bond Expenditure Agreement
approved by OB Resolution 2013-15
Low-Mod 1,220,000 N $ 1,220,000 1,220,000 $ 1,220,000 $ - 636 Excess bond proceeds
obligation/Bond Expenditure
Agreement
Bond Funded Project – Pre-2011 11/8/2013 6/30/2024 City of Oakland; TBD Projects consistent with bond covenants per Bond Expenditure
Agreement approved by OB Resolution
2013-15
B-M-SP 25,000 N $ 25,000 25,000 $ 25,000 $ - 637 Excess bond proceeds
obligation/Bond Expenditure
Agreement
Bond Funded Project – Pre-2011 11/8/2013 6/30/2024 City of Oakland; TBD Projects consistent with bond covenants per Bond Expenditure
Agreement approved by OB Resolution
2013-15
Central District 4,000,000 N $ 2,500,000 2,500,000 $ 2,500,000 $ - 638 Excess bond proceeds
obligation/Bond Expenditure
Agreement
Bond Funded Project – Pre-2011 11/8/2013 6/30/2024 City of Oakland; TBD Projects consistent with bond covenants per Bond Expenditure
Agreement approved by OB Resolution
2013-15
Central City East 25,000 N $ 25,000 25,000 $ 25,000 $ - 639 Excess bond proceeds
obligation/Bond Expenditure
Agreement
Bond Funded Project – Pre-2011 11/8/2013 6/30/2024 City of Oakland; TBD Projects consistent with bond covenants per Bond Expenditure
Agreement approved by OB Resolution
2013-15
Coliseum 25,000 N $ 25,000 25,000 $ 25,000 $ - 640 2013 Central District Refunding
Bonds Reserve
Reserves 10/1/2013 9/1/2023 Bank of New York; Bond
holders
Reserve funds required by bond
covenants
Central District 4,804,030 N $ - $ - $ - 642 B/M/SP 2010 RZEDB Bond
Reserve
Reserves 10/1/2010 9/1/2040 Bank of New York; Bond
holders
Reserve funds required by bond
covenants
B-M-SP 721,007 N $ - $ - $ -
A B C D E F G H I J K L M N O P Q R S T U V W
Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF All $ 437,327,234 $ 60,469,624 $ 8,211,777 $ 16,452,607 $ 260,000 $ 13,043,510 $ 357,891 $ 38,325,785 $ - $ - $ - $ 21,785,948 $ 357,891 $ 22,143,839 Oakland Recognized Obligation Payment Schedule (ROPS 22-23) - ROPS Detail July 1, 2022 through June 30, 2023
(Report Amounts in Whole Dollars)
Item # Payee Description/Project Scope Project Area
Total
Outstanding
Debt or
Obligation Retired
22-23A (July - December)
22-23B
Total Project Name/Debt Obligation Obligation Type
Contract/Agreement
Execution Date
Fund Sources Fund Sources Contract/Agreement
Termination Date
ROPS 22-23
Total
22-23B (January - June)
22-23A
Total
644 2015 TE Bonds Debt Service Refunding Bonds Issued After 6/27/12
8/11/2015 9/1/2036 Zions First National Bank Subordinated TAB, Series 2015 Tax Exempt; refinancing Series 2006 TE
Multiple 38,377,500 N $ 1,125,500 562,750 $ 562,750 562,750 $ 562,750 646 2015 Taxable Bonds Debt
Service
Refunding Bonds Issued After
6/27/12
8/11/2015 9/1/2036 Zions First National Bank Subordinated TAB, Series 2015 Taxable; refinancing Series 2006T
Multiple 59,472,607 N $ 7,865,858 2,477,500 3,481,041 $ 5,958,541 1,907,317 $ 1,907,317 647 2015 Bond Administration Fees 8/11/2015 9/1/2036 Various 2015 bond Audit, rebate analysis, disclosure consulting, trustee services,
etc. (0000000)
Multiple 69,500 N $ 12,000 12,000 $ 12,000 $ - 648 Bank Fees for Refinanced Bonds
Administration
Fees 8/11/2015 6/30/2023 Various Bond Audit, rebate analysis, disclosure consulting, trustee services, etc.
(0000000) for the close-out of various
refinanced bonds
Multiple 12,000 N $ 12,000 12,000 $ 12,000 $ - 650 2018 TE Bonds Debt Service Refunding Bonds Issued After 6/27/12
6/6/2018 9/1/2031 Wilmington Trust N.A Subordinate Tax Allocation Refunding, Series 2018-TE
Multiple 19,794,750 N $ 759,500 379,750 $ 379,750 379,750 $ 379,750 651 2018 Taxable Bonds Debt
Service
Refunding Bonds Issued After
6/27/12
6/6/2018 9/1/2039 Wilmington Trust N.A Subordinate Tax Allocation Refunding, Series 2018-TX
Multiple 55,063,438 N $ 5,704,501 1,537,500 2,250,313 $ 3,787,813 1,916,688 $ 1,916,688 652 2018 T & TE Bond Bonds
Administration; Bank & Bonds
Payment
Fees 6/6/2018 9/1/2039 Various 2018 bond audit, rebate analysis, disclosure consulting, trustee services,
bank & bond payments, etc.
Multiple 216,000 N $ 15,500 15,500 $ 15,500 $ - 653 PY Unreimbursed Administrative
Costs
Admin Costs 1/1/2014 6/30/2023 City of Oakland, as successor agency
Prior Year Administrative staff costs,
and operating & maintenance costs
Agency-wide 107,093 N $ 107,093 107,093 - $ 107,093 $ -
A B C D E G H I
Reserve Balance Other 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 07/01/19)
10,329,794 6,371,033 33,234,190 1,524,115 7,761,764 2 Revenue/Income (Actual 06/30/20)
RPTTF amounts should tie to the ROPS 19-20 total distribution from the County Auditor-Controller
826,886 203,758 - 997,858 59,731,046 3 Expenditures for ROPS 19-20 Enforceable Obligations (Actual 06/30/20)
4,802,400 9,970,000 33,234,190 46,052 18,324,701 4 Retention of Available Cash Balance (Actual 06/30/20) RPTTF amount retained should only include the amounts distributed as reserve for future period(s)
4,807,536 5,063,851 - - 25,142,369 5 ROPS 19-20 RPTTF Balances Remaining
RPTTF amount should tie to the Agency's ROPS 19-20 PPA form submitted to the CAC No entry required
5,313,165
6 Ending Actual Available Cash Balance (06/30/20)
C to G = (1 + 2 - 3 - 4), H = (1 + 2 - 3 - 4 + 5)
1,546,744$ (8,459,060)$ -$ 2,475,921$ 18,712,575$ Oakland Recognized Obligation Payment Schedule (ROPS 22-23) - Report of Cash Balances July 1, 2019 through June 30, 2020
(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. For tips on how to complete the Report of Cash Balances Form, see Cash Balance Tips Sheet Fund Sources
Comments
Bond Proceeds
ROPS 19-20 Cash Balances
(07/01/19 - 06/30/20)
3 5
6 7
Disallowed by DOF (ROPS 17-18).
8 Disallowed by DOF (ROPS 17-18).
10 Disallowed by DOF (ROPS 17-18).
14 Per 34171(b); This is a statutory requirement that has no agreement with specified start or termination dates. Many of these obligations are dependent on other obligations; i.e. project and administrative staff and other operating costs are needed to manage all of the Agency's obligations until they are all concluded, or property is required to be remediated and maintained until it is sold or otherwise transferred; with various terms. 17 In order to conform to the bond indenture, all of the full year of debt service is requested during the January 2nd RPTTF distribution. Amounts not needed for the March 1st debt service payment will be held in reserve for the September 1st debt service payment. 18 Federal Recovery Zone Subsidy is not guaranteed, so RPTTF request to cover full debt service payment. In order to conform to the bond indenture, all of the full year of debt service is requested during the January 2nd RPTTF distribution. Amounts not needed for the March 1st debt service payment will be held in reserve for the September 1st debt service payment. 19 Bond proceeds held with fiscal agent and ORSA pool; no termination date 20 Bond Covenants associated with 2006C T Bonds that were refunded by the 2015-TE Refunding Bonds (ROPS Line 644). 21 Bond proceeds held with fiscal agent and ORSA pool; no termination date 23 24
25 Per Patrick Lane, ok to retire 12.21.2021
26 Per Patrick Lane, ok to retire 12.21.2021
30 Project estimated to be completed in 2022. -BH 12.21.2021 54 Per 34171(b); This is a statutory requirement that has no agreement with specified start or termination dates. Many of these obligations are dependent on other obligations; i.e. project and administrative staff and other operating costs are needed to manage all of the Agency's obligations until they are all concluded, or property is required to be remediated and maintained until it is sold or otherwise transferred; with various terms. 60 61
68 Bond proceeds held by ORSA pool; no termination date 70 Bond proceeds held with fiscal agent and ORSA pool; no termination date 71 Bond proceeds held with fiscal agent and ORSA pool; no termination date 72 Bond proceeds held by ORSA pool; no termination date 73 Bond proceeds held with fiscal agent and ORSA pool; no termination date 74 84 Monitoring and enforcement of developer post-construction obligations must be performed for the life of the Redevelopment Plan for the Project Area.
The Agency may be required to 1) modify agreements; 2) provide evidence that there are no defaults on the project when there is refinancing; or 3) monitor profit sharing or other provisions of the agreement. In addition, several of the post- construction obligations, such as nondiscrimination provisions included in the agreements, are effective in perpetuity. Obligation amount not known. Garage revenue used to pay HOA fees.
Maintain until property is sold.
88 Monitoring and enforcement of developer post-construction obligations must be performed for the life of the Redevelopment Plan for the Project Area.
The Agency may be required to 1) modify agreements; 2) provide evidence that there are no defaults on the project when there is refinancing; or 3) monitor profit sharing or other provisions of the agreement. In addition, several of the post- construction obligations, such as nondiscrimination provisions included in the agreements, are effective in perpetuity. Obligation amount not known. 89 Monitoring and enforcement of developer post-construction obligations must be performed for the life of the Redevelopment Plan for the Project Area.
The Agency may be required to 1) modify agreements; 2) provide evidence that there are no defaults on the project when there is refinancing; or 3) monitor profit sharing or other provisions of the agreement. In addition, several of the post- construction obligations, such as nondiscrimination provisions included in the agreements, are effective in perpetuity. No termination date.
Will maintain until the project is completed in 2022.
90 Monitoring and enforcement of developer post-construction obligations must be performed for the life of the Redevelopment Plan for the Project Area.
The Agency may be required to 1) modify agreements; 2) provide evidence that there are no defaults on the project when there is refinancing; or 3) monitor profit sharing or other provisions of the agreement. In addition, several of the post- construction obligations, such as nondiscrimination provisions included in the agreements, are effective in perpetuity. Obligation amount not known.
Oakland Recognized Obligation Payment Schedule (ROPS 22-23) - Notes July 1, 2022 through June 30, 2023 Oakland Recognized Obligation Payment Schedule (ROPS 22-23) - Notes July 1, 2022 through June 30, 2023 92 Monitoring and enforcement of developer post-construction obligations must be performed for the life of the Redevelopment Plan for the Project Area.
The Agency may be required to 1) modify agreements; 2) provide evidence that there are no defaults on the project when there is refinancing; or 3) monitor profit sharing or other provisions of the agreement. In addition, several of the post- construction obligations, such as nondiscrimination provisions included in the agreements, are effective in perpetuity. Obligation amount not known. 93 Monitoring and enforcement of developer post-construction obligations must be performed for the life of the Redevelopment Plan for the Project Area.
The Agency may be required to 1) modify agreements; 2) provide evidence that there are no defaults on the project when there is refinancing; or 3) monitor profit sharing or other provisions of the agreement. In addition, several of the post- construction obligations, such as nondiscrimination provisions included in the agreements, are effective in perpetuity. Obligation amount not known. 94 Monitoring and enforcement of developer post-construction obligations must be performed for the life of the Redevelopment Plan for the Project Area.
The Agency may be required to 1) modify agreements; 2) provide evidence that there are no defaults on the project when there is refinancing; or 3) monitor profit sharing or other provisions of the agreement. In addition, several of the post- construction obligations, such as nondiscrimination provisions included in the agreements, are effective in perpetuity; other source is developer fee. 96 Monitoring and enforcement of developer post-construction obligations must be performed for the life of the Redevelopment Plan for the Project Area.
The Agency may be required to 1) modify agreements; 2) provide evidence that there are no defaults on the project when there is refinancing; or 3) monitor profit sharing or other provisions of the agreement. In addition, several of the post- construction obligations, such as nondiscrimination provisions included in the agreements, are effective in perpetuity. Contract date unknown; Obligation amount not known. 99 Monitoring and enforcement of developer post-construction obligations must be performed for the life of the Redevelopment Plan for the Project Area.
The Agency may be required to 1) modify agreements; 2) provide evidence that there are no defaults on the project when there is refinancing; or 3) monitor profit sharing or other provisions of the agreement. In addition, several of the post- construction obligations, such as nondiscrimination provisions included in the agreements, are effective in perpetuity. 100 Monitoring and enforcement of developer post-construction obligations must be performed for the life of the Redevelopment Plan for the Project Area.
The Agency may be required to 1) modify agreements; 2) provide evidence that there are no defaults on the project when there is refinancing; or 3) monitor profit sharing or other provisions of the agreement. In addition, several of the post- construction obligations, such as nondiscrimination provisions included in the agreements, are effective in perpetuity. 101 Monitoring and enforcement of developer post-construction obligations must be performed for the life of the Redevelopment Plan for the Project Area.
The Agency may be required to 1) modify agreements; 2) provide evidence that there are no defaults on the project when there is refinancing; or 3) monitor profit sharing or other provisions of the agreement. In addition, several of the post- construction obligations, such as nondiscrimination provisions included in the agreements, are effective in perpetuity. 105 Obligation to remain until property is sold. Per Plane, 12.21.2021 106 Obligation amount unknown.
200 In order to conform to the bond indenture, all of the full year of debt service is requested during the January 2nd RPTTF distribution. Amounts not needed for the March 1st debt service payment will be held in reserve for the September 1st debt service payment. 202 Bond proceeds held by fiscal agent.
203 Bond proceeds held by fiscal agent.
204
207 Amount owed to the LowMod fund is outstanding related to removing affordability restrictions. 241 Per 34171(b); This is a statutory requirement that has no agreement with specified start or termination dates. Many of these obligations are dependent on other obligations; i.e. project and administrative staff and other operating costs are needed to manage all of the Agency's obligations until they are all concluded, or property is required to be remediated and maintained until it is sold or otherwise transferred; with various terms. 246 In order to conform to the bond indenture, all of the full year of debt service is requested during the January 2nd RPTTF distribution. Amounts not needed for the March 1st debt service payment will be held in reserve for the September 1st debt service payment. 247
250
251
352
353
Funded from LMIHF.
354 Funded from LMIHF. Obligation complete/closed.
359 Estimated completion; No termination date. Funded from LMIHF; Project in arbitration.
Project Notice of Completion Mailed in 2019. Will retire this project after FY 22-23.
Oakland Recognized Obligation Payment Schedule (ROPS 22-23) - Notes July 1, 2022 through June 30, 2023 370 Per 34171(b); This is a statutory requirement that has no agreement with specified start or termination dates. Many of these obligations are dependent on other obligations; i.e. project and administrative staff and other operating costs are needed to manage all of the Agency's obligations until they are all concluded, or property is required to be remediated and maintained until it is sold or otherwise transferred; with various terms.
Requesting what was denied in FY 20-21 and FY 21-22
371 Per 34171(b); This is a statutory requirement that has no agreement with specified start or termination dates. Many of these obligations are dependent on other obligations; i.e. project and administrative staff and other operating costs are needed to manage all of the Agency's obligations until they are all concluded, or property is required to be remediated and maintained until it is sold or otherwise transferred; with various terms. 372 Bond proceeds held with fiscal agent and ORSA pool; estimated completion - no termination date. 377 Bond proceeds held with fiscal agent and ORSA pool; estimated completion - no termination date. 380 Bond proceeds held with fiscal agent and ORSA pool; estimated completion - no termination date. 383 This is a statutory requirement that has no agreement with specified start or termination dates. Many of these obligations are dependent on other obligations; i.e. project and administrative staff and other operating costs are needed to manage all of the Agency's obligations until they are all concluded, or property is required to be remediated and maintained until it is sold or otherwise transferred; with various terms. 389 Matching funds to come from Housing Successor program income. No termination date. Funded from LMIHF. 396
397 Estimated completion; No termination date.
398 Estimated completion; No termination date.
399 Estimated completion; No termination date.
400 Estimated completion; No termination date.
401 Estimated completion; No termination date.
402 Estimated completion; No termination date.
403 Estimated completion; No termination date.
419
421 Per ROPS 16-17, reimbursing 2011 bonds funds spent with RPTTF over a 7 year period (through ROPS 22-23). 422 Per ROPS 16-17, reimbursing 2011 bonds funds spent with RPTTF over a 7 year period (through ROPS 22-23). 423 Estimated completion - no termination date; using reimbursed 2011 bond funds from ROPS lines 421-422. 426 West Oakland loan indebtedness to City of Oakland authorized per Oakland Oversight Board Resolution 2013-16; no termination date; Requesting reconsideration.
632 Refunded 2003 and 2005 CD debt. In order to conform to the bond indenture, all of the full year of debt service is requested during the January 2nd RPTTF distribution. Amounts not needed for the March 1st debt service payment will be held in reserve for the September 1st debt service payment. 635 Future excess bond proceeds to be transferred to the City per the Bond Expenditure Agreement approved by OB and DOF and executed Nov 8, 2013. 636 Future excess bond proceeds to be transferred to the City per the Bond Expenditure Agreement approved by OB and DOF and executed Nov 8, 2013. 637 Future excess bond proceeds to be transferred to the City per the Bond Expenditure Agreement approved by OB and DOF and executed Nov 8, 2013. 638 Future excess bond proceeds to be transferred to the City per the Bond Expenditure Agreement approved by OB and DOF and executed Nov 8, 2013. 639 Future excess bond proceeds to be transferred to the City per the Bond Expenditure Agreement approved by OB and DOF and executed Nov 8, 2013. 640 Existing reserve amounts required per bond covenants. 642 Existing reserve amounts required per bond covenants. 644 2015 Bonds refund 2006 TE bonds (partial for Coliseum), plus Housing Taxable for savings. 646
647
648
650
651
652
653
644
2015 Bonds refund 2006 TE bonds (partial for Coliseum), plus Housing Taxable for savings. 646
647
648
650
651
652
653
5 EXHIBIT B
SUCCESSOR AGENCY ADMINISTRATIVE BUDGET
(attached)
ORSA Estimated
Administrative Budget
DEPARTMENT PERSONNEL ROPS 22-23
Finance & Management 618,979
Subtotal Personnel 618,979$
O&M ROPS 22-23
City Supplies 2,442
Accounting & Auditing Services 24,300
Internal Services & Work Orders 70,062
Subtotal O&M 96,804$
TOTAL SUCCESSOR ADMIN BUDGET 715,783$