Recognized Obligation Payment Schedule (ROPS 23-24) - Summary Filed for the July 1, 2023 through June 30, 2024 Period Successor Agency: Signal Hill
County: Los Angeles
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) $ 4,195,137 $ - $ 4,195,137 B Bond Proceeds - - -
C Reserve Balance 4,192,686 - 4,192,686
D Other Funds 2,451 - 2,451
E Redevelopment Property Tax Trust Fund (RPTTF) (F+G) $ 8,402,399 $ 4,919,002 $ 13,321,401 F RPTTF 8,096,063 4,919,002 13,015,065
G Administrative RPTTF 306,336 - 306,336
H Current Period Enforceable Obligations (A+E) $ 12,597,536 $ 4,919,002 $ 17,516,538 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
Signal Hill
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 M N O P Q U 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
Reserve
Balance
Other
Funds RPTTF Admin RPTTF
RPTTF
$53,320,837 $17,516,538 $4,192,686 $2,451 $8,096,063 $306,336 $12,597,536 $4,919,002 $4,919,002 5 2006 Taxable Tax
Allocation Parity Bonds,
Series A
Bonds Issued On
or Before 12/31/10
09/07/
2006
10/01/2027 U.S. Bank
National
Association
Property Acquisition Project
No 1
8,088,786 N $921,346 640,782 - - - $640,782 280,564 $280,564 8 2011 Tax Allocation Parity
Bonds
Bonds Issued After
12/31/10
03/25/
2011
10/01/2027 U.S. Bank
National
Association
Construction of
Library
Project
No 1
2,592,050 N $938,500 862,550 - - - $862,550 75,950 $75,950 9 Trustee Fees Fees 12/04/
2001
10/01/2027 US Bank
National
Association
Trustee fees for
Bonds
Project
No 1
32,000 N $12,000 - - - - $- 12,000 $12,000
16 Owner Participation
Agreement
Business Incentive
Agreements
03/16/
2011
03/16/2027 LBSH
Parcel I
LLC/ Office
Depot
Tax Sharing Project
No 1
13,200,000 N $3,300,000 - 2,451 3,297,549 - $3,300,000 - $- 21 Reimbursement
Agreement
City/County Loan
(Prior 06/28/11),
Cash exchange
03/18/
2008
10/01/2027 City of
Signal Hill
Property Acquisition Project
No 1
9,878,506 N $1,878,886 - - 1,878,886 - $1,878,886 - $-
89 Administrative Cost
Allowance
Admin Costs 07/01/
2020
06/30/2026 City of
Signal Hill
Administrative Cost
Allowance
Project
No 1
306,336 N $306,336 - - - 306,336 $306,336 - $-
101 2011 Tax Allocation Parity
Bonds
Reserves 03/25/
2011
10/01/2027 U.S. Bank
National
Association
Construction of
Library
Project
No 1
750,950 N $750,950 - - - - $- 750,950 $750,950
102 Contract Services -
Financial
Fees 10/13/
2000
06/30/2026 Harrell &
Company
Advisors
Continuing
Disclosure
Project
No 1
21,000 N $7,000 - - - - $- 7,000 $7,000
104 Contract Services -
Rebate Calculation
Fees 07/01/
2020
06/30/2026 To Be
Determined
Rebate Consulting
Services
Project
No 1
11,000 N $5,000 - - 5,000 - $5,000 - $-
109 2015 Subordinate Tax
Allocation Refunding
Bonds, Series A
Refunding Bonds
Issued After 6/27/
12 02/12/
2015
10/01/2023 U.S. Bank
National
Association
Refinance 2001,
2003A and 2003C
Bonds
Project
No 1
2,495,875 N $2,495,875 1,197,772 - 1,298,103 - $2,495,875 - $- 110 2015 Subordinate Taxable
Tax Allocation Refunding
Bonds, Series B
Refunding Bonds
Issued After 6/27/
12 02/12/
2015
10/01/2024 U.S. Bank
National
Association
Refinance 2001,
2003A and 2003C
Bonds
Project
No 1
1,068,769 N $143,214 61,154 - 66,278 - $127,432 15,782 $15,782 111 2015 Subordinate Tax Reserves 02/12/ 10/01/2023 U.S. Bank Reserve for October Project - Y $- - - - - $- - $-
A B C D E F G H I J K M N O P Q U 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
Reserve
Balance
Other
Funds RPTTF Admin RPTTF
RPTTF
Allocation Refunding
Bonds, Series A
2015 National
Association
1 Subordinate Bonds
Debt Service
No 1
112 2015 Subordinate Taxable
Tax Allocation Refunding
Bonds, Series B
Reserves 02/12/
2015
10/01/2024 U.S. Bank
National
Association
Reserve for October
1 Subordinate Bonds
Debt Service
Project
No 1
100,225 N $100,225 - - - - $- 100,225 $100,225
115 2006 Taxable Tax
Allocation Parity Bonds,
Series A
Reserves 09/07/
2006
10/01/2027 U.S. Bank
National
Association
Reserve for October
1 Debt Service
Project
No 1
3,305,564 N $3,305,564 - - - - $- 3,305,564 $3,305,564
123 2017 Tax Allocation
Refunding Parity Bonds
Refunding Bonds
Issued After 6/27/
12 12/14/
2017
10/01/2026 U.S. Bank
National
Association
Refinance 2007 and
2009 Bonds
Project
No. 1
11,265,859 N $3,147,725 1,430,428 - 1,550,247 - $2,980,675 167,050 $167,050 124 2017 Tax Allocation
Refunding Parity Bonds
Reserves 12/14/
2017
10/01/2026 U.S. Bank
National
Association
Refinance 2007 and
2009 Bonds
Project
No. 1
203,917 N $203,917 - - - - $- 203,917 $203,917
127 Shortfall in 20-21 Item 16 RPTTF Shortfall 03/16/
2011
03/16/2027 None Shortfall in funding
20-21 Item 16
Project
No. 1
- Y $- - - - - $- - $-
Signal Hill
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.
11,557 926,978 582,139 1,953,975 Col F = $270,516 from 17-18 applied to 20-21; $199,839 from 18-19 applied to 21-22
and $111,784 from 19-20 applied to 22-23.
Col G = $764,473 from 17-18 PPA applied to
20-21; $366,667 from 18-19 PPA applied to
21-22 and $822,835 from 19-20 PPA applied
to 22-23.
2 Revenue/Income (Actual 06/30/21)
RPTTF amount should tie to the ROPS 20-21 total
distribution from the County Auditor-Controller
31 226 2,451 11,131,533
3 Expenditures for ROPS 20-21 Enforceable Obligations
(Actual 06/30/21)
33,436 270,516 11,861,876 Col F = Col H 20-21 PPA Report; Col G = Col L+ Col Q 20-21 PPA Report
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)
11,588 893,768 311,623 1,189,502 Col F = $199,839 from 18-19 applied to 21-22 and $111,784 from 19-20 applied to 22-23.
Col G = $366,667 from 18-19 PPA applied to
21-22 and $822,835 from 19-20 PPA applied
to 22-23.
5 ROPS 20-21 RPTTF Prior Period Adjustment
RPTTF amount should tie to the Agency's ROPS 20-21 PPA No entry required 34,130 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
form submitted to the CAC
6 Ending Actual Available Cash Balance (06/30/21)
C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5)
$- $- $- $2,451 $-
Signal Hill
Recognized Obligation Payment Schedule (ROPS 23-24) - Notes July 1, 2023 through June 30, 2024
Item # Notes/Comments
5 8
9 16 Other Funds From 20-21 Column F Cash Recon
21 Based on Actual 22-23A and CAC Estimated 22-23B Residual - final may change based on 22-23B Actual Residual
89 101 Reserve for October 1, 2024 DS
102
104
109 Final Maturity October 1, 2023
110
111
112 Reserve for October 1, 2024 DS (Partial)
115 Reserve for October 1, 2024 DS
123
124 Reserve for October 1, 2024 DS (Partial)
127