Recognized Obligation Payment Schedule (ROPS 24-25) - Summary Filed for the July 1, 2024 through June 30, 2025 Period Successor Agency: Signal Hill
County: Los Angeles
Current Period Requested Funding for Enforceable
Obligations (ROPS Detail)
24-25A Total
(July -
December)
24-25B Total
(January -
June)
ROPS 24-25
Total
A Enforceable Obligations Funded as Follows (B+C+D) $ 4,374,913 $ - $ 4,374,913 B Bond Proceeds - - -
C Reserve Balance 4,360,656 - 4,360,656
D Other Funds 14,257 - 14,257
E Redevelopment Property Tax Trust Fund (RPTTF) (F+G) $ 8,437,494 $ 4,918,500 $ 13,355,994 F RPTTF 8,104,433 4,918,500 13,022,933
G Administrative RPTTF 333,061 - 333,061
H Current Period Enforceable Obligations (A+E) $ 12,812,407 $ 4,918,500 $ 17,730,907 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
Exhibit A
Signal Hill
Recognized Obligation Payment Schedule (ROPS 24-25) - ROPS Detail July 1, 2024 through June 30, 2025
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
24-25 Total
ROPS 24-25A (Jul - Dec)
24-25A
Total
ROPS 24-25B (Jan - Jun)
24-25B
Total
Fund Sources Fund Sources
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin RPTTF
Bond
Proceeds
Reserve
Balance
Other
Funds
RPTTF
Admin
RPTTF
$40,526,373 $17,730,907 $- $4,360,656 $14,257 $8,104,433 $333,061 $12,812,407 $- $- $- $4,918,500 $- $4,918,500 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
7,085,755 N $3,497,813 - 3,305,564 - - - $3,305,564 - - - 192,249 - $192,249 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
1,627,175 N $803,275 - 750,950 - - - $750,950 - - - 52,325 - $52,325 9 Trustee Fees Fees 12/04/
2001
10/01/2027 US Bank
National
Association
Trustee fees
for Bonds
Project
No 1
21,000 N $11,500 - - - - - $- - - - 11,500 - $11,500
16 Owner
Participation
Agreement
Business
Incentive
Agreements
03/16/
2011
03/16/2027 LBSH
Parcel I
LLC/ Office
Depot
Tax Sharing Project
No 1
9,600,000 N $3,200,000 - - 14,257 3,185,743 - $3,200,000 - - - - - $- 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
8,295,976 N $2,100,000 - - - 2,100,000 - $2,100,000 - - - - - $- 89 Administrative
Cost Allowance
Admin
Costs
07/01/
2020
06/30/2026 City of
Signal Hill
Administrative
Cost
Allowance
Project
No 1
333,061 N $333,061 - - - - 333,061 $333,061 - - - - - $- 101 2011 Tax
Allocation
Parity Bonds
Reserves 03/25/
2011
10/01/2027 U.S. Bank
National
Association
Construction
of Library
Project
No 1
777,325 N $777,325 - - - - - $- - - - 777,325 - $777,325 102 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
30,000 N $10,000 - - - 10,000 - $10,000 - - - - - $-
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
- Y $- - - - - - $- - - - - - $-
110 2015
Subordinate
Taxable Tax
Allocation
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
1,025,782 N $1,025,782 - 100,225 - 925,557 - $1,025,782 - - - - - $-
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
24-25 Total
ROPS 24-25A (Jul - Dec)
24-25A
Total
ROPS 24-25B (Jan - Jun)
24-25B
Total
Fund Sources Fund Sources
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin RPTTF
Bond
Proceeds
Reserve
Balance
Other
Funds
RPTTF
Admin
RPTTF
Refunding
Bonds, Series
B
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
- Y $- - - - - - $- - - - - - $-
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
3,387,249 N $3,387,249 - - - - - $- - - - 3,387,249 - $3,387,249 123 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
7,969,448 N $2,225,300 - 203,917 - 1,883,133 - $2,087,050 - - - 138,250 - $138,250 124 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
352,602 N $352,602 - - - - - $- - - - 352,602 - $352,602 Signal Hill
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.
A B C D E F G H
ROPS 21-22 Cash Balances
(07/01/21 - 06/30/22)
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 07/01/21)
RPTTF amount should exclude "A" period distribution
amount.
11,588 893,768 3,883,763 314,074 1,223,632 Col F = $199,839 from 18-19 applied to 21-22; 111,784 from 19-20 applied to 22-23
and $2,451 from 20-21 applied to 23-24. Col
G = $366,667 from 18-19 PPA applied to
21-22; $822,835 from 19-20 PPA applied to
22-23; and $34,130 from 20-21 PPA applied
to 23-24.
2 Revenue/Income (Actual 06/30/22)
RPTTF amount should tie to the ROPS 21-22 total
distribution from the County Auditor-Controller
118 576 14,257 11,988,681 Col F interest income excludes negative FMV adjustment of $78,329
3 Expenditures for ROPS 21-22 Enforceable Obligations
(Actual 06/30/22)
- 3,883,763 199,839 11,990,034
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)
11,706 894,344 114,235 856,965 Col F = 111,784 from 19-20 PPA Report applied to 22-23 and $2,451 from 20-21 PPA
Report applied to 23-24.; Col G = $822,835
19-20 PPA applied to 22-23; and $34,130
20-21 PPA applied to 23-24
5 ROPS 21-22 RPTTF Prior Period Adjustment
RPTTF amount should tie to the Agency's ROPS 21-22 PPA No entry required 365,314 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 21-22 Cash Balances
(07/01/21 - 06/30/22)
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 (06/30/22)
C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5)
$- $- $- $14,257 $- Col F applied to 24-25 Item 16
Signal Hill
Recognized Obligation Payment Schedule (ROPS 24-25) - Notes July 1, 2024 through June 30, 2025
Item # Notes/Comments
5 8
9 16
21 Subject to change based on actual 23-24B Residual
89 101
102
104
109
110 Final Payment October 1, 2024
112
115
123
124