2627 ROPS Staff Report
Funding Summary
ROPS Obligation Summary
Paid from
Paid from Reserves and
Tax Revenues Other Sources Total
Debt Service 8,428,800$ 8,924,784 $ 17,353,584 $
Capital Projects 2,187,000 3,321,442 5,508,442 Administration 318,027 - 318,027 10,933,827$ 12,246,226 $ 23,180,053 $
Exhibit A
Recognized Obligation Payment Schedule
Recognized Obligation Payment Schedule (ROPS 26-27) - Summary Filed for the July 1, 2026 through June 30, 2027 Period Successor Agency: Richmond
County: Contra Costa
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) $ 10,573,726 $ 1,672,500 $ 12,246,226 B Bond Proceeds - - -
C Reserve Balance 8,899,784 - 8,899,784
D Other Funds 1,673,942 1,672,500 3,346,442
E Redevelopment Property Tax Trust Fund (RPTTF) (F+G) $ 3,525,027 $ 7,408,800 $ 10,933,827 F RPTTF 3,207,000 7,408,800 10,615,800
G Administrative RPTTF 318,027 - 318,027
H Current Period Enforceable Obligations (A+E) $ 14,098,753 $ 9,081,300 $ 23,180,053 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 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
$36,590,453 $23,180,053 $- $8,899,784 $1,673,942 $3,207,000 $318,027 $14,098,753 $- $- $1,672,500 $7,408,800 $- $9,081,300 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
- Y $- - - - - - $- - - - - - $-
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
3,574,656 N $3,574,656 - 3,574,656 - - - $3,574,656 - - - - - $- 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
- Y $- - - - - - $- - - - - - $-
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
1,787,328 N $1,787,328 - 1,787,328 - - - $1,787,328 - - - - - $- 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
- Y $- - - - - - $- - - - - - $-
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
10,810,000 N $3,305,000 - 1,285,000 - 2,020,000 - $3,305,000 - - - - - $- 56 Metrowalk
Phase II
(Housing)
OPA/DDA/
Construction
04/11/
2002
06/30/2027 Various Developer
agreement
Merged
Project
Area
5,000,000 N $2,187,000 - - - 1,187,000 - $1,187,000 - - - 1,000,000 - $1,000,000 62 Miraflores
Project -
Remediation
Remediation 01/15/
2011
10/05/2026 NV5/PES
Environmental
Remediation
Costs -
Workplan
coordination,
installation of
soil vapor
probes, and
collection of
groundwater
samples
Merged
Project
Area
200,000 N $200,000 - - 100,000 - - $100,000 - - 100,000 - - $100,000 66 Miraflores Remediation 06/01/ 06/30/2027 Department of Remediation Merged 120,000 N $120,000 - - 60,000 - - $60,000 - - 60,000 - - $60,000
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
Project -
Remediation
2011 Toxic
Substance
Control
Costs, Soil
Vapor
Sampling
Project
Area
68 Miraflores
Project
(Housing)
Improvement/
Infrastructure
10/18/
2010
06/30/2027 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
06/30/2027 Various Remediation
costs funded
by litigation
settlement
payments
Merged
Project
Area
1,442 N $1,442 - - 1,442 - - $1,442 - - - - - $-
115 Admin
allowance
Admin Costs 07/01/
2024
06/30/2027 Various Administrative
costs
Merged
Project
Area
318,027 N $318,027 - - - - 318,027 $318,027 - - - - - $- 121 2014 A
Refunding
Bonds - Tax
Exempt
Refunding
Bonds Issued
After 6/27/12
04/11/
2014
09/01/2025 Trustee Refinance
outstanding
bonds
Merged
Project
Area
- Y $- - - - - - $- - - - - - $-
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
25,000 N $25,000 - - 12,500 - - $12,500 - - 12,500 - - $12,500 129 2021A
Refunding
Bond
Refunding
Bonds Issued
After 6/27/12
02/01/
2021
09/01/2035 Trustee Refund
2004B and
2010A bonds
11,754,000 N $8,661,600 - 2,252,800 - - - $2,252,800 - - - 6,408,800 - $6,408,800 Richmond
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.
4,130,030 9,055,859 8,066,474 803,095
2 Revenue/Income (Actual 06/30/24)
RPTTF amount should tie to the ROPS 23-24 total
distribution from the County Auditor-Controller
7,630,949 852,540 8,784,068
3 Expenditures for ROPS 23-24 Enforceable Obligations
(Actual 06/30/24)
8,658,878 61,401 8,764,409
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)
2,415,934 497,842
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 324,912
6 Ending Actual Available Cash Balance (06/30/24)
C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5)
$4,130,030 $- $8,027,930 $6,441,679 $-
Richmond
Recognized Obligation Payment Schedule (ROPS 26-27) - Notes July 1, 2026 through June 30, 2027
Item # Notes/Comments
4 5
6 11
13 14
56 62
66 68
113 Release the remaining balance of settlement funds to cover ongoing costs 115
121
125
129