2324 ROPS Staff Report
Funding Summary
ROPS Obligation Summary
Paid from
Paid from Reserves and
Tax Revenues Other Sources Total
Debt Service 8,744,321$ 8,693,877 $ 17,438,198 $
Capital Projects 2,000,000 4,656,734 6,656,734 Project Management 95,000 - 95,000 Administration 250,000 - 250,000 11,089,321$ 13,350,611 $ 24,439,932 $ Proof to Control Totals Ta -
Exhibit A
Recognized Obligation Payment Schedule
Recognized Obligation Payment Schedule (ROPS 23-24) - Summary Filed for the July 1, 2023 through June 30, 2024 Period Successor Agency: Richmond
County: Contra Costa
Current Period Requested Funding for Enforceable
Obligations (ROPS Detail)
23-24A Total
(July -
December)
23-24B Total
(January -
June)
ROPS 23-24
Total
A Enforceable Obligations Funded as Follows (B+C+D) $ 10,944,179 $ 2,406,432 $ 13,350,611 B Bond Proceeds - - -
C Reserve Balance 8,598,312 60,565 8,658,877
D Other Funds 2,345,867 2,345,867 4,691,734
E Redevelopment Property Tax Trust Fund (RPTTF) (F+G) $ 3,350,569 $ 7,738,752 $ 11,089,321 F RPTTF 3,100,569 7,738,752 10,839,321
G Administrative RPTTF 250,000 - 250,000
H Current Period Enforceable Obligations (A+E) $ 14,294,748 $ 10,145,184 $ 24,439,932 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
Richmond
Recognized Obligation Payment Schedule (ROPS 23-24) - ROPS Detail July 1, 2023 through June 30, 2024
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
23-24 Total
ROPS 23-24A (Jul - Dec)
23-24A
Total
ROPS 23-24B (Jan - Jun)
23-24B
Total
Fund Sources Fund Sources
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
$63,303,763 $24,439,932 $- $8,598,312 $2,345,867 $3,100,569 $250,000 $14,294,748 $- $60,565 $2,345,867 $7,738,752 $- $10,145,184 1 1998 Tax
Allocation
Refunding
Bond
Bonds Issued
On or Before
12/31/10
02/01/
1998
07/01/2023 US Bank Refinance a
portion of
1991 TARB;
fund capital
improvement
projects
Merged
Project
Area
1,150,000 N $1,150,000 - 1,150,000 - - - $1,150,000 - - - - - $- 4 2003B Tax
Allocation
Revenue
Bond
Bonds Issued
On or Before
12/31/10
08/01/
2003
09/01/2025 Union Bank Fund capital
improvement
projects
Merged
Project
Area
4,640,640 N $2,881,933 - 1,073,718 - - - $1,073,718 - - - 1,808,215 - $1,808,215 5 2004A Tax
Allocation
Revenue
Bond (2/3)
Bonds Issued
On or Before
12/31/10
10/01/
2004
09/01/2026 Union Bank Fund capital
improvement
projects
Merged
Project
Area
5,492,149 N $1,309,238 - 593,643 - - - $593,643 - - - 715,595 - $715,595 6 Section 108
Loan
Bonds Issued
On or Before
12/31/10
11/22/
2004
08/01/2025 HUD Finance costs
related to the
Ford
Assembly
Building
Project
Merged
Project
Area
672,543 N $231,661 - - - 220,477 - $220,477 - - - 11,184 - $11,184 11 2004A Tax
Allocation
Revenue
Bond (1/3
Housing)
Bonds Issued
On or Before
12/31/10
10/01/
2004
09/01/2026 Union Bank Fund low/
moderate
income
housing
projects
Merged
Project
Area
2,746,075 N $708,746 - 296,821 - 351,360 - $648,181 - 60,565 - - - $60,565 13 Section 108
Loan
(Housing)
Third-Party
Loans
07/25/
2005
08/01/2025 HUD Finance costs
related to the
North
Richmond
Iron Triangle
Project
Merged
Project
Area
992,606 N $324,540 - - - 306,232 - $306,232 - - - 18,308 - $18,308 14 2007B Tax
Allocation
Capital
Appreciation
Bond
(Housing)
Bonds Issued
On or Before
12/31/10
07/01/
2007
09/01/2036 Union Bank Finance low
and moderate
income
housing
activities
Merged
Project
Area
14,360,000 N $2,320,000 - 1,145,000 - 1,175,000 - $2,320,000 - - - - - $- 16 Employee
Costs
Project
Management
Costs
07/01/
2022
06/30/2023 Employees of
Agency
Project
Managers,
Accountants,
Analysts,
Attorney
Merged
Project
Area
95,000 N $95,000 - - - 47,500 - $47,500 - - - 47,500 - $47,500 56 Metrowalk
Phase II
(Housing)
OPA/DDA/
Construction
04/11/
2002
06/30/2024 Various Developer
agreement
Merged
Project
Area
5,000,000 N $3,400,614 - - 700,307 1,000,000 - $1,700,307 - - 700,307 1,000,000 - $1,700,307
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
23-24 Total
ROPS 23-24A (Jul - Dec)
23-24A
Total
ROPS 23-24B (Jan - Jun)
23-24B
Total
Fund Sources Fund Sources
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
62 Miraflores
Project -
Remediation
Remediation 01/15/
2011
06/30/2023 PES
Environmental
Remediation
Costs
Merged
Project
Area
175,000 N $175,000 - - 87,500 - - $87,500 - - 87,500 - - $87,500 66 Miraflores
Project -
Remediation
Remediation 06/01/
2011
06/30/2022 Department of
Toxic
Substance
Control
Remediation
Costs
Merged
Project
Area
80,000 N $80,000 - - 40,000 - - $40,000 - - 40,000 - - $40,000 68 Miraflores
Project
(Housing)
Improvement/
Infrastructure
10/18/
2010
06/30/2023 Various 80 units Sr
Housing, 190
units market
rate housing,
historical
resources
preservation
Merged
Project
Area
3,000,000 N $3,000,000 - - 1,500,000 - - $1,500,000 - - 1,500,000 - - $1,500,000 113 Terminal
One Project
- Litigation
Settlement
Litigation 09/28/
2005
06/30/2023 Various Remediation
costs funded
by litigation
settlement
payments
Merged
Project
Area
1,120 N $1,120 - - 560 - - $560 - - 560 - - $560
115 Admin
allowance
Admin Costs 07/01/
2022
06/30/2023 Various Administrative
costs
Merged
Project
Area
250,000 N $250,000 - - - - 250,000 $250,000 - - - - - $- 121 2014 A
Refunding
Bonds - Tax
Exempt
Bonds Issued
On or Before
12/31/10
04/11/
2014
09/01/2025 Trustee Refinance
outstanding
bonds
Merged
Project
Area
7,005,250 N $4,660,500 - 2,256,750 - - - $2,256,750 - - - 2,403,750 - $2,403,750 125 Bond
Trustee/
Disclosure/
Other Fees
Bonds Issued
On or Before
12/31/10
07/01/
2022
09/01/2035 Trustee Bond Trustee/
Disclosure/
Other Fees
35,000 N $35,000 - - 17,500 - - $17,500 - - 17,500 - - $17,500 129 2021A
Refunding
Bond
Bonds Issued
On or Before
12/31/10
02/01/
2021
09/01/2035 Trustee Refund
2004B and
2010A bonds
15,943,400 N $2,151,600 - 417,400 - - - $417,400 - - - 1,734,200 - $1,734,200 130 2021B
Refunding
Bond
Bonds Issued
On or Before
12/31/10
02/01/
2021
09/01/2023 Trustee Refund
2010A Bonds
(SWAP)
1,664,980 N $1,664,980 - 1,664,980 - - - $1,664,980 - - - - - $- Richmond
Recognized Obligation Payment Schedule (ROPS 23-24) - Report of Cash Balances July 1, 2020 through June 30, 2021
(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 20-21 Cash Balances
(07/01/20 - 06/30/21)
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 07/01/20)
RPTTF amount should exclude "A" period distribution
amount.
8,582,680 9,883,349 11,060,806 1,120,904
2 Revenue/Income (Actual 06/30/21)
RPTTF amount should tie to the ROPS 20-21 total
distribution from the County Auditor-Controller
80,986 35,928 1,681,896 13,966,821
3 Expenditures for ROPS 20-21 Enforceable Obligations
(Actual 06/30/21)
3,099,180 9,641,238 6,766,849 7,977,030
4 Retention of Available Cash Balance (Actual 06/30/21) RPTTF amount retained should only include the amounts
distributed as reserve for future period(s)
5,564,486 278,039 4,285,240 6,805,442
5 ROPS 20-21 RPTTF Prior Period Adjustment
RPTTF amount should tie to the Agency's ROPS 20-21 PPA
form submitted to the CAC
No entry required 305,253
6 Ending Actual Available Cash Balance (06/30/21)
C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5)
$- $- $- $1,690,613 $-