Successor Agency: Oakland
County: Alameda
Current Period Requested Funding for Enforceable Obligations (ROPS Detail) 24-25A Total
(July - December)
24-25B Total
(January - June) ROPS 24-25 Total
A 12,091,300$ -$ 12,091,300$ B 1,100,000 - 1,100,000 C 10,791,300 - 10,791,300 D 200,000 - 200,000 E 5,565,519$ 16,400,845$ 21,966,364$ F 5,173,505 16,008,831 21,182,336 G 392,014 392,014 784,028 H Current Period Enforceable Obligations (A+E): 17,656,819$ 16,400,845$ 34,057,664$ 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.
Redevelopment Property Tax Trust Fund (RPTTF) (F+G):
Recognized Obligation Payment Schedule (ROPS 24-25) - Summary Filed for the July 1, 2024 through June 30, 2025 Period Enforceable Obligations Funded as Follows (B+C+D):
Bond Proceeds
Reserve Balance
Other Funds
Exhibit A
Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPT TF All $ 309,808,609 $ 34,057,664 $ 1,100,000 $ 10,791,300 $ 200,000 $ 5,173,505 $ 392,014 $ 17,656,819 $ - $ - $ - $ 16,008,831 $ 392,014 $ 16,400,845 5 Property Management, Maintenance, & Insurance
Costs (9708)
Property Maintenance 1/1/2014 6/30/2035 Various - staff, consultants, cleanup contractor, monitoring
Staffing, consultants, maintenance contractor, monitoring, insurance costs
Agency-wide 35,000 N $ 35,000 35,000 $ 35,000 $ - 6 Administrative Cost Allowance (9708) Admin Costs 1/1/2014 6/30/2035 City of Oakland, As Successor Agency
Administrative staff costs, and operating & maintenance costs
Agency-wide 14,466,832 N $ 784,028 392,014 $ 392,014 392,014 $ 392,014 14 B/M/SP
Project & Other Staff/Operations, Successor
Agency (9730)
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 371,835 N $ 30,488 15,244 $ 15,244 15,244 $ 15,244 17 B/M/SP 2006C T Bonds Debt Service (9838) Bonds Issued On or Before 12/31/10
10/12/2006 9/1/2032 Wilmington Trust N.A Taxable Tax Allocation Bonds Debt Service B-M-SP 7,239,209 N $ 1,665,2 00 752,721 $ 752,721 912,479 $ 912,479 18 B/M/SP 2010 RZEDB Bonds Debt Service (9839) Bonds Issued On or Before 12/31/10
11/12/2010 9/1/2040 Bank of New York Federally Subsidized Taxable TABs Debt Service B-M-SP 13,413,405 N $ 890, 975 322,125 $ 322,125 568,850 $ 568,850 20 B/M/SP 2006C T Bonds Covenants Bonds Issued On or Before 12/31/10
10/1/2006 10/12/2036 Ambac Assurance Corporation To fulfill legal obligations of tax allocation bond covenants and reserve requirement - Surety Bond
B-M-SP 1,283,000 N $ - $ - $ - 23 B/M/SP 2006C T Bonds Administration;
Bank & Bond Payments (9730)
Fees 10/1/2006 9/1/2032 Various Audit, rebate analysis, disclosure consulting, trustee services, bank & bond, etc.
B-M-SP 54,000 N $ 6,000 6,000 $ 6,000 $ - 24 B/M/SP 2010 RZEDB Bonds Administration;
Bank & Bond Payments (9730)
Fees 10/1/2010 9/1/2040 Various Audit, rebate analysis, disclosure consulting, trustee services, bank & bond, etc.
B-M-SP 98,500 N $ 9,500 9,500 $ 9,500 $ - 54 Central District project & other staff/operations,
successor agency (9710)
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.
Central District 1,205,677 N $ 417,680 208,840 $ 208,840 208, 840 $ 208,840 60 Yoshi's/Jack London Square/Security Deposit
(9714)
Miscellaneous 12/18/1994 5/4/2041 Yoshi's Owner Participation Agreement/Sublease with Restaurant/Jazz Club
(Project 1000939 - Award 20969)
Central District 13,500 N $ 13,500 13,500 $ 13,500 $ - 61 Regal Cinemas/Jack London Square/Security
Deposit (9714)
Miscellaneous 4/11/1995 4/10/2041 Regal Cinemas Owner Participation Agreement/Sublease with Movie Theater (Project 1000939 - Award 20969)
Central District 25,000 N $ 25,000 25,000 $ 25,000 $ - 74 Central District Bonds (9710) Administration;
Bank & Bond Payments
Fees 1/1/2014 9/1/2023 Various Audit, rebate analysis, disclosure consulting, trustee services, bank & bond, etc.
Central District 6,000 N $ 6,000 6,000 $ 6,000 $ - 84 Franklin 88 DDA (9711) OPA/DDA/Construction 10/18/2004 6/12/2041 Arioso HOA As-needed responses to inquiries from current property owners and related parties, or enforcement of post-
construction obligations
Central District 65,000 N $ 65,000 65,000 $ 65,000 $ - 90 Swans DDA OPA/DDA/Construction 7/11/1997 9/1/2041 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 9/1/2041 Oakland Development LLC As-needed responses to inqui ries 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 curre nt 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 sup port staff costs associated with bond issuance
Central District 2,100,000 N $ 200,000 200,000 $ 200,000 $ - 96 Victorian Row DDA OPA/DDA/Construction 7/1/2003 9/1/2041 PSAI Old Oakland Associates LLC As-needed responses to i nquiries from current property owners and related parties, or enforcement of post-
construction obligations
Central District - N $ - $ - $ - 105 Downtown Capital Project Support Miscellaneous 3/1/2009 6/1/2041 Downtown Oakland CBD BID Assessments on Agency Property Ce ntral District 5,000 N $ 5,000 5,000 $ 5,000 $ - 200 2006 Taxable Bond Debt Service
Series 2006A-T Central City East (9843)
Bonds Issued On or Before
12/31/10
10/1/2006 9/1/2034 Wilmington Trust N.A 2006 Taxable Bond Debt Service Central City East 43,999,973 N $ 7,994,836 3,529,507 $ 3,529,507 4,465,329 $ 4,465,329 202 CCE 2006 Taxable Bond Covenant Bonds Issued On or Before 12/31/10
10/1/2006 9/1/2036 Ambac Assurance Corporation To fulfill legal obligations of tax allocation bond covenants and reserve requirement - Surety Bond
Central City East 5,841,000 N $ - $ - $ - 204 CCE 2006 Taxable Bond Administration;
Bank & Bond Payments (9740)
Fees 10/1/2006 9/1/2034 Various 2006 Taxable bond Audit, rebate analysis, disclosure consulting, trustee services, bank & bond payments, etc.
Central City East 66,000 N $ 6,000 6,000 $ 6,000 $ - 246 Coliseum Taxable Bond Debt Service (9856) Bonds Issued On or Before 12/31/10
10/12/2006 9/1/2035 Wilmington Trust N.A 2006 Coliseum Taxable Bond Debt Service Coliseum 62,373,094 N $ 8,890,54 0 3,820,947 $ 3,820,947 5,069,593 $ 5,069,593 250 Coliseum Taxable Bond Administration (9750) Fees 10/1/2006 9/1/2035 Various 2006 Taxable bond Audit, rebate analysis, discl osure consulting, trustee services, etc.
Coliseum 72,000 N $ 6,000 6,000 $ 6,000 $ - Oakland Recognized Obligation Payment Schedule (ROPS 24-25) - ROPS Detail July 1, 2024 through June 30, 2025
(Report Amounts in Whole Dollars)
Item # Payee Description/Project Scope Project Area
Total
Outstanding
Debt or
Obligation Retired
24-25A (July - December)
24-25B
Total Project Name/Debt Obligation Obligation Type
Contract/Agreement
Execution Date
Fund Sources Fund Sources
Contract/Agreement
Termination Date
ROPS 24-25
Total
24-25B (January - June)
24-25A
Total
Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPT TF All $ 309,808,609 $ 34,057,664 $ 1,100,000 $ 10,791,300 $ 200,000 $ 5,173,505 $ 392,014 $ 17,656,819 $ - $ - $ - $ 16,008,831 $ 392,014 $ 16,400,845 Oakland Recognized Obligation Payment Schedule (ROPS 24-25) - ROPS Detail July 1, 2024 through June 30, 2025
(Report Amounts in Whole Dollars)
Item # Payee Description/Project Scope Project Area
Total
Outstanding
Debt or
Obligation Retired
24-25A (July - December)
24-25B
Total Project Name/Debt Obligation Obligation Type
Contract/Agreement
Execution Date
Fund Sources Fund Sources
Contract/Agreement
Termination Date
ROPS 24-25
Total
24-25B (January - June)
24-25A
Total
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 6/30/2041 Various Site acquisition loans; Housing development loans; etc. Low-Mod - N $ - $ - $ - 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 Y
636 Excess bond proceeds obligation/Bond
Expenditure Agreement
Bond Funded Project – Pre-
2011
11/8/2013 6/1/2041 City of Oakland 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 6/1/2041 City of Oakland Projects consistent with bond covenants per Bond Expenditure Agreement approved by OB Resolution 2013-15 Central District 3,000,000 N $ 1,000,000 1,000,000 $ 1,000,000 $ - 638 Excess bond proceeds obligation/Bond
Expenditure Agreement
Bond Funded Project – Pre-
2011
11/8/2013 6/1/2041 City of Oakland Projects consistent with bond covenants per Bond Expenditure Agreement approved by OB Resolution 2013-15 Central City East 50,000 N $ 50,000 50,000 $ 50,000 $ - 639 Excess bond proceeds obligation/Bond
Expenditure Agreement
Bond Funded Project – Pre-
2011
11/8/2013 6/1/2041 City of Oakland 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 $ - 642 B/M/SP 2010 RZEDB Bond Reserve (9839) Reserves 11/12/2010 9/1/2040 Bank of New York Reserve funds required by bond covenant s B-M-SP 716,830 N $ - $ - $ - 644 2015 TE Bonds Debt Service (9826) Refunding Bonds Issued After 6/27/12
9/2/2015 9/1/2036 Zions First National Bank Subordinated TAB, Series 2015 Tax Exempt; refinancing Series 2006 TE
Multiple 36,126,500 N $ 1,125,500 562,750 $ 562,750 562,750 $ 562,750 646 2015 Taxable Bonds Debt Service (9825) Refunding Bonds Issued After 6/27/12
9/2/2015 9/1/2035 Zions First National Bank Subordinated TAB, Series 2015 Taxable; refinancing Series 2006T
Multiple 48,829,136 N $ 4,853,092 1,037,500 1,907,796 $ 2,945,296 1,907,796 $ 1,907,796 647 2015 Bond Administration (9708) Fees 8/11/2015 9/1/2036 Various 2015 bond Audit, rebate analysis, disclosure consulting, trustee services, etc.
Multiple 143,000 N $ 19,000 19,000 $ 19,000 $ - 648 Bank Fees for Refinanced Bonds Administration
(9708)
Fees 8/11/2015 6/30/2041 Various Bond Audit, rebate analysis, disclosure consulting, trustee services, etc. for the close-out of various refinanced bonds Multiple 144,000 N $ 12,000 12,000 $ 12,000 $ - 650 2018 TE Bonds Debt Service (9845) 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 18,275,750 N $ 2,092,000 379,750 $ 379,750 1,712,250 $ 1,712,250 651 2018 Taxable Bonds Debt Service (9844) 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 46,814,625 N $ 3,793,325 1,290,000 1,917,625 $ 3,207,625 585,700 $ 585,700 652 2018 T & TE Bond Bonds Administration; Bank &
Bonds Payment (9708)
Fees 6/6/2018 9/1/2039 Various 2018 bond audit, rebate analysis, disclosure consulting, trustee services, bank & bond payments, etc.
Multiple 175,500 N $ 12,000 12,000 $ 12,000 $ -
AB 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 07/01/21)
2,138,884 5,580,683 25,431,314 1,546,452 15,477,372 2 Revenue/Income (Actual 06/30/22)
RPTTF amounts should tie to the ROPS 21-22 total distribution from the County Auditor-Controller
10,381,579 13,530 - 4,633,289 23,087,984 3 Expenditures for ROPS 21-22 Enforceable Obligations
(Actual 06/30/22)
8,325,000 3,120,000 25,431,314 49,282 17,434,777 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)
858,999 4,739,159 - - 16,151,014 5 ROPS 21-22 RPTTF Balances Remaining
RPTTF amount should tie to the Agency's ROPS 20-21 PPA form submitted to the CAC No entry required
17,437
6 Ending Actual Available Cash Balance (06/30/22)
C to G = (1 + 2 - 3 - 4), H = (1 + 2 - 3 - 4 + 5)
3,336,464$ (2,264,946) $ - $ 6,130,459$ 4,962,128 $ Oakland Recognized Obligation Payment Schedule (ROPS 24-25) - Report of Cash Balances July 1, 2021 through June 30, 2022
(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 21-22 Cash Balances
(07/01/21 - 06/30/22)
Item # Note Description
5 6
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.
20 Bond Legal Requirement
23 24
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 Venue Security Deposit Reimbursement
61 Venue Security Deposit Reimbursement
74 Bank and Bond Administrative Fees
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. 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. 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.
Oakland Recognized Obligation Payment Schedule (ROPS 24-25) - Notes July 1, 2024 through June 30, 2025
Item # Note Description
Oakland Recognized Obligation Payment Schedule (ROPS 24-25) - Notes July 1, 2024 through June 30, 2025
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.
105 Obligation to remain until property is sold.
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
204
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.
250
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.
Retain until all Low-Mod Items are retired.
389 Matching funds to come from Housing Successor program income. No termination date. Funded from LMIHF. 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.
Item # Note Description
Oakland Recognized Obligation Payment Schedule (ROPS 24-25) - Notes July 1, 2024 through June 30, 2025
402 Estimated completion; No termination date.
403 Estimated completion; No termination date.
423 Estimated completion; No termination date.
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.
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
649
650
651
652