HomeMy WebLinkAboutMINUTES - 02102015 - C.71RECOMMENDATION(S):
1. FIND that the approval of the administrative budget for the Successor Agency for the period July 1, 2015 through
December 31, 2015 (“Administrative Budget”) and the Recognized Obligation Payment Schedule for the period of
July 1, 2015 - December 31, 2015, ("ROPS 15-16A") are exempt from the California Environmental Quality Act
(“CEQA”) pursuant to Section 15061(b)(3) of the CEQA Guidelines; and
2. ADOPT Resolution No. 2015/51, approving the Administrative Budget and the ROPS 15-16A, both of which are
attached as Exhibit A and Exhibit B, respectively.
3. DIRECT the Conservation and Development Director to file a Notice of Exemption with the County Clerk and pay
the filing fee.
FISCAL IMPACT:
None to the General Fund. Since dissolution of the Contra Costa County Redevelopment Agency (the “Dissolved
RDA”), tax increment is now deposited in the Redevelopment Property Tax Trust Fund (“RPTTF”), which is
administered by the County Auditor-Controller on behalf of the County in its capacity as Successor Agency to the
Dissolved RDA. RPTTF distributions are made semi-annually from the RPTTF by the County Auditor-Controller to
the Successor Agency to fund the Successor Agency's administrative budget and Recognized Obligation Payment
Schedule. These funds are distinct and separate from other funds used by the Department of Conservation and
Development. According to state law, any obligation of the Successor Agency that cannot be funded by the RPTTF
would not be an obligation of the County.
APPROVE OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
Action of Board On: 02/10/2015 APPROVED AS RECOMMENDED OTHER
Clerks Notes:
VOTE OF SUPERVISORS
AYE:John Gioia, District I
Supervisor
Mary N. Piepho, District III
Supervisor
Karen Mitchoff, District IV
Supervisor
Federal D. Glover, District V
Supervisor
ABSENT:Candace Andersen, District II
Supervisor
Contact: Maureen Toms, 674-7878
I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the
Board of Supervisors on the date shown.
ATTESTED: February 10, 2015
David Twa, County Administrator and Clerk of the Board of Supervisors
By: June McHuen, Deputy
cc:
C. 71
To:Successor to the Contra Costa County Redevelopment Agency
From:John Kopchik, Interim Director, Conservation & Development Department
Date:February 10, 2015
Contra
Costa
County
Subject:Recognized Obligation Payment Schedule (ROPS) 2015-16A
BACKGROUND:
Administrative Budget
According to Health & Safety Code Section 34177 of Assembly Bill x126 (the “Dissolution Act”), the Successor
Agency staff prepares a draft administrative budget and submits it to the Oversight Board for approval. Prior to
the Oversight Board’s approval of the administrative budget, the Board of Supervisors, acting in the capacity as
the governing board of the Successor Agency for the Contra Costa County Redevelopment Agency, has an
opportunity to review and approve the proposed administrative budget.
The state statute specifies a minimum administrative cost allowance to the Successor Agency for its
administrative costs, using a percentage of property tax revenue allocated by the County Auditor-Controller to the
Successor Agency to meet enforceable obligations. The County Auditor-Controller calculates the allowance using
three percent of the distribution to be received by the Successor Agency from the RPTTF or $250,000 for the
fiscal year, whichever amount is greater. The County Auditor-Controller general practice has been to provide all
successor agencies in the County with the statutory minimum administrative cost allowance in the amount of
$250,000 along with the July 1st RPTTF distribution.
The County Auditor Controller will distribute a supplemental administrative cost allowance along with the
January 2nd RPTTF distribution in cases where three percent of a successor agency's RPTTF distribution for the
fiscal year is greater than $250,000.
In February 2015, the Fiscal Year 2015-16 administrative budget estimated that the Successor Agency would
receive an administrative cost allowance equal to three percent of the Successor Agency’s RPTTF distribution or
approximately $311,728 for the entire Fiscal Year 2015-16. Some Successor Agency staff costs are project-related
and charged to non-administrative enforceable obligations (e.g. management of construction projects) shown on
the Recognized Obligation Payment Schedules (ROPSs). These non-administrative and project management costs
are now estimated to contribute $35,000 in revenue for the administrative budget in ROPS 15-16A period. The
administrative budget is attached as Exhibit A.
Recognized Obligation Payment Schedule 15-16A
Beginning in Fiscal Year 2013-14, the Department of Finance ("DOF") implemented a new naming convention
for ROPS prepared for each six-month spending period. The ROPS for the July 1, 2015 to December 31, 2015
time period is the eighth ROPS prepared by the Successor Agency and is named "ROPS 15-16A" according to the
DOF naming convention. This naming convention helps the DOF determine which six-month period of the fiscal
year is covered by a ROPS. ROPS 15-16A covers the first half of Fiscal Year 15-16 and ROPS 15-16B will cover
the second half of the 15-16 Fiscal Year.
Resolution No. 2015/51 adopts ROPS 15-16A, which is included as Exhibit B to this report. After adoption by the
Successor Agency, ROPS 15-16A will be submitted to the Oversight Board for approval. The Oversight Board is
scheduled to meet on February 25, 2015. As required under Health and Safety Code Section 34179.6, ROPS
15-16A will be submitted to the County Administrator, the State Controller's Office, DOF and the County
Auditor-Controller, and will be posted on the Successor Agency's website. The DOF must receive ROPS 15-16A
no later than March 2, 2015.
Assembly Bill 1484, the Dissolution Act "clean-up" legislation, became effective on June 27, 2012. It provides a
45-day review period for the DOF once the Oversight Board has approved the ROPS. Within five business days
of the DOF decision on a ROPS, a Successor Agency may request a meet and confer with the DOF to discuss any
disputed items.
ROPS 15-16A authorizes all payments to be made by the Successor Agency for enforceable obligations for the
six-month time period between July 1, 2015 and December 31, 2015. The payments noted on the ROPS are
estimates. In most cases, assumptions made for 15-16A were based on actual expenditures in the prior ROPS and
expected expenditures 15-16A and 15-16B.
The title page of ROPS 15-16A shows enforceable obligations require a $5,571,867 distribution from the
Successor Agency’s RPTTF. This amount assumes the RPTTF has already set aside pass-through payments to
taxing entities and administrative costs for the County Auditor-Controller. In cases where the Auditor-Controller
determines that RPTTF revenue is not sufficient to meet ROPS obligations, the Auditor-Controller will make
distributions from the RPTTF according to the priorities established by the Dissolution Act. These priorities are as
follows: 1) tax allocation bond debt service payments, 2) pass thru payments, 3) other ROPS obligations, and 4)
administrative allowance. In a case where there is residual RPTTF after payment of these priorities, this residual
revenue would be distributed to the taxing entities based on their tax rates for properties located within the project
area.
On July 18, 2013, the Department of Finance issued the Successor Agency a "Finding of Completion" pursuant to
Health and Safety Code Section 34179.7. As a result of the issuance of the Finding of Completion, the Successor
Agency is authorized to: (1) place loan agreements between the dissolved RDA and the County on the ROPS; (2)
utilize proceeds derived from non-housing bonds issued prior to January 1, 2011, in a manner consistent with the
original bond covenants; and (3) dispose of properties owned by the Former RDA pursuant to a long-range
property management plan approved by the Successor Agency’s Oversight Board and the DOF.
There are currently two outstanding loans from the County that need repayment, including the State Supplemental
Educational Revenue Fund (SERAF) repayment (#74) in an amount of $502,175, payable pursuant to Health and
Safety Code Section 34176(e)(6)(B); and the Housing Asset Fund Obligation under Health and Safety Code
Section 34191.4(b)(2)(C) in the approximate amount of $5,004 and the Montalvin Manor loan (#59) in the
amount of $250,277 to repay the outstanding obligation payable pursuant to Health and Safety Code Section
34191.4(b)(2)(A). According to Section 34191.4.(b)(2)(A), the maximum repayment amount authorized each
fiscal year for repayments must be equal to one-half of the increase between the amount of residual distributions
distributed to the taxing entities in a particular fiscal year and the amount of residual distributions distributed to
taxing entities pursuant to that paragraph in the 2012–13 base year. In the base year of 2012-13, the County
Auditor-Controller made a total residual distribution of $359,755.05 to taxing entities for FY 12-13, which is
considered the “base year”. The County Auditor-Controller made a total residual distribution of $359,395.52 for
FY 13-14. The residual distribution for FY 14-15 was $2,527,914, an increase of $2,168,159. The available funds
for loan repayment is 50 percent of the increase of distribution which is $1,084,080.50. There is adequate funding
available to repay the two loans in the ROPS 15-16A period and retire the obligations. Pursuant to Section
34191.4(b)(2)(B), the repayment of the SERAF loan and the Housing Asset Fund Obligation take priority over
repayments of the Montalvin Manor loan.
ROPS 15-16A also relisted the Fiscal Agreement with the East Bay Regional Park District (EBRPD) (see Line
65). The DOF again denied this item in ROPS 13-14B and 15-16A, but indicated it would be eligible for
reimbursement after the improvements proposed for the EBRPD’s Lone Tree Point property are completed. The
enforceable obligation is listed on ROPS 15-16A with $9,856 of RPTTF funds requested.
Environmental Review
The actions set forth in Resolution No. 22015/51 as summarized above, are exempt under Section 15061(b)(3) of
the Guidelines for the California Environmental Quality Act (the "CEQA") in that it can be seen with a certainty
that the actions will not have a significant adverse impact on the environment. The actions are required to
continue a governmental funding mechanism for financial obligations of the former Redevelopment Agency and
to perform the statutorily mandated unwinding of the assets, liabilities, and functions of the Dissolved RDA
pursuant to the Dissolution Act. A Notice of Exemption will be filed with the County Clerk in accordance with the
CEQA guidelines.
CONSEQUENCE OF NEGATIVE ACTION:
Failure to adopt the resolution would require the Board to consider other options for providing and funding staff
Failure to adopt the resolution would require the Board to consider other options for providing and funding staff
support for the Successor Agency. Without approving the Recognized Obligation Payment Schedule for the
period July through December 2015, the County Auditor-Controller would not be able to allocate funds to the
Successor Agency for staffing services and payment of recognized obligations during this six-month period, and
the Successor Agency would risk defaulting on enforceable obligations.
CHILDREN'S IMPACT STATEMENT:
Not applicable.
ATTACHMENTS
Resolution No. 2015/51
Exhibit A - Administrative Budget
Exhibit B - ROPS 15-16A
EXHIBIT A- Administrative Budget
line 15-16A 15-16B Total
Admin/Non Admin Staff Expenses
Space Rent $16,200 $16,200 $32,400
Salary/Overhead 56,826 56,826 $113,652
Various Admin Expenses $117,500 $117,500 $235,000
TOTAL ADMIN EXPENSES $190,526 $190,526 $381,052
Revenue
Administrative Cost Allowance 94 $250,000 $61,728 $311,728
EO (Non Admin + Project Mgmt) $35,000 $35,000 $70,000
TOTAL ADMIN REVENUES $285,000 $96,728 $381,728
SURPLUS/(DEFICIT) $94,474 -$93,798 $676
Project Management Enforceable
Obligations
Transit Village Project Management 89 $15,000 $15,000 $30,000
IH Remediation Project Management 105 $20,000 $0 $20,000
$35,000 $15,000 $50,000
Various Admin Expenses
Goldfarb 30000
MGO 50000
Fraser 4000
County Counsel 3000
contingency 30500
117500
RPTTF
15-16A $5,571,867
15-16B $4,819,055
$10,390,922 $311,728 3%
-250000 15-16A
$61,728 15-16B
Name of Successor Agency:Contra Costa County
Name of County:Contra Costa
Current Period Requested Funding for Outstanding Debt or Obligation
A 2,134,288$
B 1,484,970
C 649,318
D -
E 5,821,867$
F 5,571,867
G 250,000
H Current Period Enforceable Obligations (A+E):7,956,155$
Successor Agency Self-Reported Prior Period Adjustment to Current Period RPTTF Requested Funding
I Enforceable Obligations funded with RPTTF (E):5,821,867
J (321,293)
K 5,500,574$
County Auditor Controller Reported Prior Period Adjustment to Current Period RPTTF Requested Funding
L Enforceable Obligations funded with RPTTF (E):5,821,867
M -
N 5,821,867
Name Title
/s/
Signature Date
Recognized Obligation Payment Schedule (ROPS 15-16A) - Summary
Filed for the July 1, 2015 through December 31, 2015 Period
Enforceable Obligations Funded with Non-Redevelopment Property Tax Trust Fund (RPTTF) Funding
Sources (B+C+D):
Non-Administrative Costs (ROPS Detail)
Enforceable Obligations Funded with RPTTF Funding (F+G):
Bond Proceeds Funding (ROPS Detail)
Reserve Balance Funding (ROPS Detail)
Other Funding (ROPS Detail)
Six-Month Total
Administrative Costs (ROPS Detail)
Less Prior Period Adjustment (Report of Prior Period Adjustments Column S)
Adjusted Current Period RPTTF Requested Funding (I-J)
Less Prior Period Adjustment (Report of Prior Period Adjustments Column AA)
Adjusted Current Period RPTTF Requested Funding (L-M)
Certification of Oversight Board Chairman:
Pursuant to Section 34177 (m) 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 agency.
A B C D E F G H I J K L M N O P
Bond Proceeds Reserve Balance Other Funds Non-Admin Admin
219,025,904$ 1,484,970$ 649,318$ -$ 5,571,867$ 250,000$ 7,956,155$
4 1:9 Youth Homes Facility OPA/DDA/Constructi 6/25/2008 12/29/2028 Contra Costa County Relocation costs BP 55,037 N 55,037 $ 55,037
10 2:3 Placemaking Transit Village OPA/DDA/Constructi
on
12/19/2005 7/10/2026 AvalonBay Placemaking improvements (e.g,
parks, etc)
C 565,733 N 565,733 $ 565,733
14 2:8 Re-authorized Contract for
Capital Imprv
Improvement/Infrastr
ucture
4/18/2012 7/10/2026 Contra Costa County CCC Infrastructure improvements C 913,616 N 913,616 $ 913,616
17 2:12 Re-authorized Contract for
Improvements
Improvement/Infrastr
ucture
4/18/2012 7/14/2028 Contra Costa County NR Industrial infrastructure improv NR Y - $ -
21 2:18 Re-authorized Contract for
Improvements
Improvement/Infrastr
ucture
4/18/2012 7/10/2031 Contra Costa County RO obsolete infrastructure elements R 5,296 N 5,296 $ 5,296
28 3:29 Property holding costs Property
Maintenance
7/10/1984 6/30/2013 CCC Public Works Property maintenance ALL 5,682 N 325 5,357 $ 5,682
46 5:24 Placemaking Transit Village OPA/DDA/Constructi
on
12/19/2005 7/10/2026 AvalonBay Placemaking improvements (ie parks,
etc)
C 384,213 N 384,213 $ 384,213
54 7:1 1999 Tax Allocation Bonds Bonds Issued On or
Before 12/31/10
4/20/1999 8/1/2018 US Bank NA Bonds issue to fund non-housing
projects. Put note bal as of 2/1/14
C/BP/NR/R 11,722,877 N 422,237 $ 422,237
55 7:2 1999 Tax Allocation Bonds Bonds Issued On or
Before 12/31/10
4/20/1999 8/1/2018 US Bank NA Bonds issue to fund housing projects.
Put note bal as of 2/1/14
C/BP/NR/R 131,020 N 4,197 $ 4,197
56 7:3 2003A Tax Allocation Bonds Bonds Issued On or
Before 12/31/10
8/22/2003 8/1/2033 US Bank NA Bonds issue to fund non-housing
projects.
C 10,288,286 N 250,759 $ 250,759
57 7:4 2007A/AT/B Tax Allocation
Bonds
Bonds Issued On or
Before 12/31/10
5/30/2007 8/1/2037 US Bank NA Bonds issue to fund non-housing
projects.
ALL 115,267,034 N 2,608,537 $ 2,608,537
58 7:5 2007A/AT/B Tax Allocation
Bonds
Bonds Issued On or
Before 12/31/10
5/30/2007 8/1/2037 US Bank NA Bonds issue to fund housing projects. ALL 24,244,470 N 477,789 $ 477,789
59 7:6 Montalvin Manor Project Start
Up Loan
City/County Loans
On or Before
6/30/2003 7/8/2034 Contra Costa County Loan for project administration M 250,277 N 250,277 $ 250,277
60 7:7 Bond-License agreement Professional
Services
3/31/2006 3/31/2038 DAC Document repository for bond issues ALL 4,600 N 2,500 $ 2,500
61 7:8 Bond-Treasurer fees Fees 7/10/1984 8/1/2037 CCC Treasurer Cash management for bond issues ALL 5,025 N 591 $ 591
63 7:11 Hookston Station Remediation Litigation 11/5/1997 8/1/2037 Bank Of Amer, Trustee Remediation of hazardous material C 1,286,000 N 10,000 $ 10,000
65 7:13 Fiscal Agreement Improvement/Infrastr
ucture
5/8/1990 7/10/2031 EBRPD Project improvement R 500,000 N 9,856 $ 9,856
68 7:16 Trustee fees Fees 4/20/1999 8/1/2018 US Bank Annual administration fees 99TAB C/BP/NR/R 31,837 N 45 2,375 $ 2,420
69 7:17 Trustee fees Fees 8/22/2003 8/1/2033 US Bank Annual administration fees 03ATAB C/BP/NR/R 68,028 N - 3,025 $ 3,025
71 7:19 Trustee fees Fees 5/30/2007 8/1/2037 US Bank Annual administration fees 07TAB ALL 122,205 N 880 4,130 $ 5,010
74 7:22 SERAF SERAF/ERAF 5/10/2010 7/10/2031 Housing Fund SERAF fy 2010-11 payment BP/R 502,175 N 502,175 $ 502,175
76 7:24 Financial Assistance OPA/DDA/Constructi
on
5/23/1989 5/1/2017 Park Regency Agency assistance C 2,200,000 N - 275,000 $ 275,000
77 7:25 Financial Assistance OPA/DDA/Constructi
on
11/1/1998 11/1/2053 Bridge Housing Agency assistance C 1,600,000 N 50,000 50,000 $ 100,000
78 7:26 Financial Assistance OPA/DDA/Constructi
on
12/19/2005 5/1/2064 AvalonBay Agency assistance. C 41,464,457 N 663,906 $ 663,906
82 8:19 I H Trail/Hookston Sttn
Remediatn
Litigation 8/15/2012 12/31/2013 Goldfarb Lipman Remediation of I H corridor parcels C 45,568 N 46,268 $ 46,268
83 8:20 I H Trail/Hookston Sttn
Remediatn
Litigation 8/15/2012 5/1/2064 Contra Costa County Remediation of I H corridor parcels C 24,119 N 24,119 $ 24,119
85 8:22 Technical Assistance Professional
Services
7/10/1984 7/10/2031 Public Works Department Technical Assist for non-housing
projects
ALL 30,000 N 30,000 $ 30,000
87 8:24 Iron Horse Trail properties Project Management
Costs
1/1/2013 5/1/2064 Contra Costa County Payroll for employeesProject
management costs.
C - Y $ -
88 8:25 Transit Village OPA/DDA/Constructi
on
8/15/2012 12/31/2013 Goldfarb & Lipman Transit Village implementation C 34,474 N 20,000 $ 20,000
89 8:26 Transit Village OPA/DDA/Constructi
on
8/15/2012 5/1/2064 Contra Costa County Payroll for employeesProject
management costs.
C 55,000 N 15,000 $ 15,000
91 8:28 Hookston Station Remediation Litigation 1/23/2012 6/15/2015 Ensafe Administrator of haz-mat remediation
fund.
C 26,014 N 8,400 2,600 $ 11,000
94 6:0 Adminstrative Allowance Admin Costs 7/1/2013 5/1/2064 Contra Costa County Adminstrative Allowance ROPS 2014-
15A
All 6,742,000 N 250,000 $ 250,000
Recognized Obligation Payment Schedule (ROPS 15-16A) - ROPS Detail
July 1, 2015 through December 31, 2015
(Report Amounts in Whole Dollars)
Item #Payee Description/Project Scope Project Area
Total Outstanding
Debt or Obligation Retired
Funding Source
Six-Month TotalProject Name / Debt Obligation Obligation Type
Contract/Agreement
Execution Date
RPTTF
Non-Redevelopment Property Tax Trust Fund
(Non-RPTTF)
Contract/Agreement
Termination Date
A B C D E F G H I J K L M N O P
Bond Proceeds Reserve Balance Other Funds Non-Admin Admin
Recognized Obligation Payment Schedule (ROPS 15-16A) - ROPS Detail
July 1, 2015 through December 31, 2015
(Report Amounts in Whole Dollars)
Item #Payee Description/Project Scope Project Area
Total Outstanding
Debt or Obligation Retired
Funding Source
Six-Month TotalProject Name / Debt Obligation Obligation Type
Contract/Agreement
Execution Date
RPTTF
Non-Redevelopment Property Tax Trust Fund
(Non-RPTTF)
Contract/Agreement
Termination Date
104 10:02 Iron Horse (IH) Corridor
Remediation and property
management
Remediation 7/1/2013 5/1/2064 Contra Costa County Management of IH Corridor properties,
including maintenance, remediation,
and preparation of property transfer.
169,601 N - $ -
105 10:03 IH Corridor Remediation and
property management
Remediation 7/1/2013 5/1/2064 Contra Costa County Management of IH Corridor properties,
including maintenance, remediation,
and preparation of property transfer.
20,000 N 20,000 $ 20,000
108 10:06 Litigation Costs for Defaulted
Loans
Litigation 6/30/2011 7/10/2031 CCC Counsel Litigation costs to collect on default
SA outstanding notes receivables
(from Vallero, Keefe).
ALL 5,000 N 5,000 $ 5,000
109 10:07 Bond Arbitrage Rebate
Reporting Compliance
Fees 7/1/2011 6/30/2014 BLX Group LLC Arbitrage Rebate Compliance
Services
ALL 69,256 N 2,900 $ 2,900
110 10:08 Disclosure Statements
Reporting Compliance
Fees 4/20/1999 3/1/2038 Jones Hall Disclosure Statements Compliance
Services
ALL 142,000 N 4,008 $ 4,008
123 Financial Advisor Professional
Services
3/3/2015 6/30/2016 Montague DeRose &
Associates
Independent Registered Municipal
Advisor
ALL 40,000 N 5,000 $ 5,000
124 LMIHAF Deposit for loan
Repayment (Line 59)
LMIHF Loans 6/30/2003 7/8/2034 CCC Housing Successor 20% deposit to the LMIHF related to
loan repayment
ALL 5,004 N 5,004 $ 5,004
125 N $ -
126 N $ -
127 N $ -
128 N $ -
129 N $ -
130 N $ -
131 N $ -
132 N $ -
133 N $ -
134 N $ -
135 N $ -
136 N $ -
137 N $ -
138 N $ -
139 N $ -
140 N $ -
141 N $ -
142 N $ -
143 N $ -
144 N $ -
145 N $ -
146 N $ -
147 N $ -
148 N $ -
149 N $ -
150 N $ -
151 N $ -
152 N $ -
153 N $ -
154 N $ -
155 N $ -
156 N $ -
157 N $ -
158 N $ -
159 N $ -
160 N $ -
161 N $ -
162 N $ -
163 N $ -
164 N $ -
165 N $ -
A B C D E F G H I
Other RPTTF
Bonds Issued on
or before
12/31/10
Bonds Issued on
or after 01/01/11
Prior ROPS
period balances
and DDR RPTTF
balances
retained
Prior ROPS
RPTTF
distributed as
reserve for future
period(s)
Rent,
Grants,
Interest, Etc.
Non-Admin
and
Admin
ROPS 14-15A Actuals (07/01/14 - 12/31/14)
1 Beginning Available Cash Balance (Actual 07/01/14)
5,901,206 1,126,431 50,000 - 748,148 H-1: $748,148=Unspent balance - ROPS 1314-A
2 Revenue/Income (Actual 12/31/14)
RPTTF amounts should tie to the ROPS 14-15A distribution from the
County Auditor-Controller during June 2014 850 - - 5 5,191,654 G-2: $5-LAIF INTEREST INCOME. This will become
3 Expenditures for ROPS 14-15A Enforceable Obligations (Actual
12/31/14)
RPTTF amounts, H3 plus H4 should equal total reported actual
expenditures in the Report of PPA, Columns L and Q 1,940,112 12,246 50,000 3,899,239
H3-RPTTF Admin= $250,000 + RPTTF Non-
Admin=$3,649,239 = Total of $3,899,239
4 Retention of Available Cash Balance (Actual 12/31/14)
RPTTF amount retained should only include the amounts distributed as
reserve for future period(s)
2,476,974 971,122
C4: Debt service due to bond holders on 8/2014
was prepaid in 6/2014 (stranded bond proceeds)
and paid to bondholders in Aug 2014. H4: Retention
Item#76=$275,000 + Item # 78=$696,122 =
$971,122.
5 ROPS 14-15A RPTTF Prior Period Adjustment
RPTTF amount should tie to the self-reported ROPS 14-15A PPA in the
Report of PPA, Column S No entry required
321,293 H5: Unspent balance - ROPS14-15A
6 Ending Actual Available Cash Balance
C to G = (1 + 2 - 3 - 4), H = (1 + 2 - 3 - 4 - 5) 1,484,970$ -$ 1,114,186$ -$ 5$ 748,148$
Unspent Balance =$1,292.414 (ROPS1415-A )
+$784,148 (ROPS 13-14A) = $2,076,562
ROPS 14-15B Estimate (01/01/15 - 06/30/15)-
7 Beginning Available Cash Balance (Actual 01/01/15)
(C, D, E, G = 4 + 6, F = H4 + F4 + F6, and H = 5 + 6)
3,961,944$ -$ 1,114,186$ 971,122$ 5$ 1,069,441$
C7-Available bal at Fiscal agent; H7-Unspent
balance for ROPS13-14A + Unspent balance for
ROPS 14-15A=$321,293.
8 Revenue/Income (Estimate 06/30/15)
RPTTF amounts should tie to the ROPS 14-15B distribution from the
County Auditor-Controller during January 2015 4,871,820
9 Expenditures for ROPS 14-15B Enforceable Obligations (Estimate
06/30/15)2,377,042 606,540 971,122 3,900,698 $606,540 estimated exp for ROPS14-15B period
10 Retention of Available Cash Balance (Estimate 06/30/15)
RPTTF amount retained should only include the amounts distributed as
reserve for future period(s)971,122
11 Ending Estimated Available Cash Balance (7 + 8 - 9 -10)1,584,902$ -$ 507,646$ -$ 5$ 1,069,441$
Recognized Obligation Payment Schedule (ROPS 15-16A) - Report of Cash Balances
(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 https://rad.dof.ca.gov/rad-
sa/pdf/Cash_Balance_Agency_Tips_Sheet.pdf.
Fund Sources
Comments
Bond Proceeds Reserve Balance
Cash Balance Information by ROPS Period
1/29/201511:30 AM
G:\CDBG-REDEV\Successor Agency\Budget\ROPS\ROPS Worksheets before final\ROPS 15-16A\Draft#6 Contra Costa County_ROPS_15-16A (download).xlsx
Prior Period Adjustments 14
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z AA AB
Net SA Non-Admin
and Admin PPA
(Amount Used to
Offset ROPS 15-16A
Requested RPTTF)
Net CAC Non-
Admin and Admin
PPA
(Amount Used to
Offset ROPS 15-16A
Requested RPTTF)
Authorized Actual Authorized Actual Authorized Actual Authorized
Available
RPTTF
(ROPS 14-15A
distributed + all
other available as
of 07/1/14)
Net Lesser of
Authorized /
Available Actual
Difference
(If K is less than L,
the difference is
zero) Authorized
Available
RPTTF
(ROPS 14-15A
distributed + all other
available as of
07/1/14)
Net Lesser of
Authorized /
Available Actual
Difference
(If total actual
exceeds total
authorized, the
total difference
is zero)
Net Difference
(M+R)
Net Lesser of
Authorized /
Available Actual Difference
Net Lesser of
Authorized /
Available Actual Difference Net Difference
1,483,011$ 917,278$ 1,130,470$ 62,246$ -$ -$ 4,941,654$ 4,941,654$ 4,941,654$ 4,620,361$ 321,293$ 250,000$ 250,000$ $ 250,000 250,000$ -$ 321,293$ -$ -$ -$
1 1:4 Contract for
- - - - $ - $ - $ -
2 1:5 Homebuyer
- 8,500 8,500 - - $ - $ - $ -
4 1:9 Youth Homes
Facility
- 55,037 - - - $ - $ - $ -
5 1:11 Heritage Point
Prop Dispostn Exp
- - - - $ - $ - $ -
7 1:14 Contracts -
Relocation/Maintena
nce
- 20,856 217 - - $ - $ - $ -
10 2:3 Placemaking
Transit Village
565,733 - - - - $ - $ - $ -
14 2:8 Re-authorized
Contract for Capital
Imprv
162,193 162,193 - - - $ - $ - $ -
17 2:12 Re-authorized
Contract for
Improvements
5,510 5,510 - - - $ - $ - $ -
20 2:17 Contract for
Sewer
Improvements
- - - - $ - $ - $ -
21 2:18 Re-authorized
Contract for
Improvements
729,575 729,575 - - - $ - $ - $ -
22 2:22 Bond Project
Management
- - - - $ - $ - $ -
23 2:23 Bond Project
Management
- - - - $ - $ - $ -
24 2:24 Bond Project
Management
20,000 20,000 - - - $ - $ - $ -
28 3:29 Property
holding costs
- 5,357 - - - $ - $ - $ -
32 4:4 Contract for
Planning Activities
- - - - $ - $ - $ -
34 4:9 Hookston
Business Relocation
- - - - $ - $ - $ -
45 5:23 Placemaking
Transit Village
- - - - $ - $ - $ -
46 5:24 Placemaking
Transit Village
- 384,213 - - - $ - $ - $ -
54 7:1 1999 Tax
Allocation Bonds
- - - 451,270 451,270 $ 451,270 451,270 $ - $ -
55 7:2 1999 Tax
Allocation Bonds
- - - 15,473 15,473 $ 15,473 15,473 $ - $ -
56 7:3 2003A Tax
Allocation Bonds
- - - 251,634 251,634 $ 251,634 251,634 $ - $ -
57 7:4 2007A/AT/B
Tax Allocation
Bonds
- - - 2,289,386 2,289,386 $ 2,289,386 2,289,386 $ - $ -
58 7:5 2007A/AT/B
Tax Allocation
Bonds
- - - 476,855 476,855 $ 476,855 476,855 $ - $ -
59 7:6 Montalvin
Manor Project Start
Up Loan
- - - - $ - $ - $ -
60 7:7 Bond-License
agreement
- 2,000 - - - $ - $ - $ -
61 7:8 Bond-Treasurer
fees
- 594 3 - - $ - $ - $ -
63 7:11 Hookston
Station Remediation
- - - 10,000 10,000 $ 10,000 - $ 10,000 $ 10,000
65 7:13 Fiscal
Agreement
- - - - $ - $ - $ -
67 7:15 Trustee fees - - - - $ - $ - $ -
68 7:16 Trustee fees - 205 205 - 2,260 2,260 $ 2,260 2,215 $ 45 $ 45
69 7:17 Trustee fees - 312 312 - 2,483 2,483 $ 2,483 2,483 $ - $ -
70 7:18 Trustee fees - - - - $ - $ - $ -
71 7:19 Trustee fees - 895 895 - 4,995 4,995 $ 4,995 4,115 $ 880 $ 880
74 7:22 SERAF - - - - $ - $ - $ -
76 7:24 Financial
Assistance
- 500,000 - 275,000 275,000 $ 275,000 275,000 $ - $ - $500,000 - per Moses, do not delete
even if incorrectly populated.. $275,000
- Retention-SEE INSTRUCTION
77 7:25 Financial
Assistance
- 50,000 50,000 - 50,000 50,000 $ 50,000 50,000 $ - $ -
78 7:26 Financial
Assistance
- - - 696,122 696,122 $ 696,122 696,122 $ - $ - $696,122- Retention and shld be in
Col L as actual,
81 7:32 Property
maintenance costs
- - - - $ - $ - $ -
82 8:19 I H
Trail/Hookston Sttn
Remediatn
- 47,672 1,404 - - $ - $ - $ -
83 8:20 I H
Trail/Hookston Sttn
Remediatn
- 24,829 710 - - $ - $ - $ -
84 8:21 I H
Trail/Hookston Sttn
Remediatn
- - - - $ - $ - $ -
RPTTF Expenditures
ROPS 14-15A CAC PPA: To be completed by the CAC upon submittal of the ROPS 15-16A by the SA to Finance and
the CAC. Note that CACs will need to enter their own formulas at the line item level pursuant to the manner in which
they calculate the PPA. Also note that the Admin amounts do not need to be listed at the line item level and may be
entered as a lump sum.
CAC Comments SA Comments
Recognized Obligation Payment Schedule (ROPS 15-16A) - Report of Prior Period Adjustments
Reported for the ROPS 14-15A (July 1, 2014 through December 31, 2014) Period Pursuant to Health and Safety Code (HSC) section 34186 (a)
(Report Amounts in Whole Dollars)
ROPS 14-15A Successor Agency (SA) Self-reported Prior Period Adjustments (PPA): Pursuant to HSC Section 34186 (a), SAs are required to report the differences between their actual available funding and their actual expenditures for the ROPS 14-15A (July through
December 2014) period. The amount of Redevelopment Property Tax Trust Fund (RPTTF) approved for the ROPS 15-16A (July through December 2015) period will be offset by the SA’s self-reported ROPS 14-15A prior period adjustment. HSC Section 34186 (a) also specifies
that the prior period adjustments self-reported by SAs are subject to audit by the county auditor-controller (CAC) and the State Controller.
Item #
Project Name /
Debt Obligation
Non-RPTTF Expenditures
Non-Admin Non-Admin CAC Admin CACAdminBond Proceeds Reserve Balance Other Funds
RPTTF Expenditures
1/29/201511:30 AM
G:\CDBG-REDEV\Successor Agency\Budget\ROPS\ROPS Worksheets before final\ROPS 15-16A\Draft#6 Contra Costa County_ROPS_15-16A (download).xlsx
Prior Period Adjustments 15
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z AA AB
Net SA Non-Admin
and Admin PPA
(Amount Used to
Offset ROPS 15-16A
Requested RPTTF)
Net CAC Non-
Admin and Admin
PPA
(Amount Used to
Offset ROPS 15-16A
Requested RPTTF)
Authorized Actual Authorized Actual Authorized Actual Authorized
Available
RPTTF
(ROPS 14-15A
distributed + all
other available as
of 07/1/14)
Net Lesser of
Authorized /
Available Actual
Difference
(If K is less than L,
the difference is
zero) Authorized
Available
RPTTF
(ROPS 14-15A
distributed + all other
available as of
07/1/14)
Net Lesser of
Authorized /
Available Actual
Difference
(If total actual
exceeds total
authorized, the
total difference
is zero)
Net Difference
(M+R)
Net Lesser of
Authorized /
Available Actual Difference
Net Lesser of
Authorized /
Available Actual Difference Net Difference
1,483,011$ 917,278$ 1,130,470$ 62,246$ -$ -$ 4,941,654$ 4,941,654$ 4,941,654$ 4,620,361$ 321,293$ 250,000$ 250,000$ $ 250,000 250,000$ -$ 321,293$ -$ -$ -$
RPTTF Expenditures
ROPS 14-15A CAC PPA: To be completed by the CAC upon submittal of the ROPS 15-16A by the SA to Finance and
the CAC. Note that CACs will need to enter their own formulas at the line item level pursuant to the manner in which
they calculate the PPA. Also note that the Admin amounts do not need to be listed at the line item level and may be
entered as a lump sum.
CAC Comments SA Comments
Recognized Obligation Payment Schedule (ROPS 15-16A) - Report of Prior Period Adjustments
Reported for the ROPS 14-15A (July 1, 2014 through December 31, 2014) Period Pursuant to Health and Safety Code (HSC) section 34186 (a)
(Report Amounts in Whole Dollars)
ROPS 14-15A Successor Agency (SA) Self-reported Prior Period Adjustments (PPA): Pursuant to HSC Section 34186 (a), SAs are required to report the differences between their actual available funding and their actual expenditures for the ROPS 14-15A (July through
December 2014) period. The amount of Redevelopment Property Tax Trust Fund (RPTTF) approved for the ROPS 15-16A (July through December 2015) period will be offset by the SA’s self-reported ROPS 14-15A prior period adjustment. HSC Section 34186 (a) also specifies
that the prior period adjustments self-reported by SAs are subject to audit by the county auditor-controller (CAC) and the State Controller.
Item #
Project Name /
Debt Obligation
Non-RPTTF Expenditures
Non-Admin Non-Admin CAC Admin CACAdminBond Proceeds Reserve Balance Other Funds
RPTTF Expenditures
85 8:22 Technical
Assistance
- - - $ - $ - $ - $30,000 not populated by DOF, but
approved for this period. Moses said
do not input amts on "Authorized" col.
Just report only actual expenditures.
(Email-1/14/2015)
87 8:24 Iron Horse
Trail properties
- - - 5,000 5,000 $ 5,000 5,000 $ - $ -
88 8:25 Transit Village - 20,000 - - - $ - $ - $ -
89 8:26 Transit Village - - - 15,000 15,000 $ 15,000 15,000 $ - $ -
91 8:28 Hookston
Station Remediation
- - - 8,400 8,400 $ 8,400 $ 8,400 $ 8,400
92 8:29 Tri City
Remediation
- - - 10,000 10,000 $ 10,000 10,000 $ - $ -
94 6:0 Adminstrative
Allowance
- - - - $ - $ - $ -
100 9:01 Tri City
Remediation (7:12)
Phase II
- - - - $ - $ - $ -
103 10:01 Return of
funds
- - - - $ - $ - $ -
104 10:02 Iron Horse
(IH) Corridor
Remediation and
property
management
- - - - $ - $ - $ -
105 10:03 IH Corridor
Remediation and
property
management
- - - - $ - $ - $ -
106 10:04 Return of
Funds
- - - - $ - $ - $ -
107 10:05 Return of
funds
- - - - $ - $ - $ -
108 10:06 Litigation
Costs for Defaulted
Loans
- - - - $ - $ - $ - $5,000 not populated by DOF, but
approved for this period. Moses said
do not input amts on "Authorized" col.
Just report only actual expenditures.
(Email-1/14/2015)
109 10:07 Bond
Arbitrage Rebate
Reporting
Compliance
- 5,000 - - $ - $ - $ -
110 10:08 Disclosure
Statements
Reporting
Compliance
- 5,000 - - $ - $ - $ -
111 10:09 Bay Point
Housing Project
(Orbisonia Heights)
Management
- - - - $ - $ - $ -
112 10:10 Rodeo
Housing Project
(Town Center)
Management
- - - - $ - $ - $ -
113 10:11 North
Richmond Housing
Project (Heritage
Point) Management
- - - - $ - $ - $ -
114 10:12 Montalvin
Manor Housing
Project Management
- - - - $ - $ - $ -
115 10:13
infrastructure/Projec
t Management
- - - - $ - $ - $ -
116 10:14 Bay Point
Restricted Unspent
Bond Proceeds
- - - - $ - $ - $ -
117 10:15 North
Richmond
Restricted Unspent
Bond Proceeds
- - - - $ - $ - $ -
118 10:16 Rodeo
Restricted Unspent
Bond Proceeds
- - - - $ - $ - $ -
119 10:17 Return of
Funds to LMIHAF
(Housing
Successor)
- - - - $ - $ - $ -
120 10:18 Return of
funds to LMIHAF
(Housing
Successor)
- - - - $ - $ - $ -
121 10:19 Unfunded
approved
administrative costs
allowance
- - - - $ - $ - $ -
1/29/201511:30 AM
G:\CDBG-REDEV\Successor Agency\Budget\ROPS\ROPS Worksheets before final\ROPS 15-16A\Draft#6 Contra Costa County_ROPS_15-16A (download).xlsx
Prior Period Adjustments 16
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z AA AB
Net SA Non-Admin
and Admin PPA
(Amount Used to
Offset ROPS 15-16A
Requested RPTTF)
Net CAC Non-
Admin and Admin
PPA
(Amount Used to
Offset ROPS 15-16A
Requested RPTTF)
Authorized Actual Authorized Actual Authorized Actual Authorized
Available
RPTTF
(ROPS 14-15A
distributed + all
other available as
of 07/1/14)
Net Lesser of
Authorized /
Available Actual
Difference
(If K is less than L,
the difference is
zero) Authorized
Available
RPTTF
(ROPS 14-15A
distributed + all other
available as of
07/1/14)
Net Lesser of
Authorized /
Available Actual
Difference
(If total actual
exceeds total
authorized, the
total difference
is zero)
Net Difference
(M+R)
Net Lesser of
Authorized /
Available Actual Difference
Net Lesser of
Authorized /
Available Actual Difference Net Difference
1,483,011$ 917,278$ 1,130,470$ 62,246$ -$ -$ 4,941,654$ 4,941,654$ 4,941,654$ 4,620,361$ 321,293$ 250,000$ 250,000$ $ 250,000 250,000$ -$ 321,293$ -$ -$ -$
RPTTF Expenditures
ROPS 14-15A CAC PPA: To be completed by the CAC upon submittal of the ROPS 15-16A by the SA to Finance and
the CAC. Note that CACs will need to enter their own formulas at the line item level pursuant to the manner in which
they calculate the PPA. Also note that the Admin amounts do not need to be listed at the line item level and may be
entered as a lump sum.
CAC Comments SA Comments
Recognized Obligation Payment Schedule (ROPS 15-16A) - Report of Prior Period Adjustments
Reported for the ROPS 14-15A (July 1, 2014 through December 31, 2014) Period Pursuant to Health and Safety Code (HSC) section 34186 (a)
(Report Amounts in Whole Dollars)
ROPS 14-15A Successor Agency (SA) Self-reported Prior Period Adjustments (PPA): Pursuant to HSC Section 34186 (a), SAs are required to report the differences between their actual available funding and their actual expenditures for the ROPS 14-15A (July through
December 2014) period. The amount of Redevelopment Property Tax Trust Fund (RPTTF) approved for the ROPS 15-16A (July through December 2015) period will be offset by the SA’s self-reported ROPS 14-15A prior period adjustment. HSC Section 34186 (a) also specifies
that the prior period adjustments self-reported by SAs are subject to audit by the county auditor-controller (CAC) and the State Controller.
Item #
Project Name /
Debt Obligation
Non-RPTTF Expenditures
Non-Admin Non-Admin CAC Admin CACAdminBond Proceeds Reserve Balance Other Funds
RPTTF Expenditures
122 10:20 Unfunded
(approved)
Enforceable
Obligations from
ROPS 13-14B
- - - 377,776 377,776 $ 377,776 75,808 $ 301,968 $ 301,968
$ - $ - $ -
$ - $ - $ -
$ - $ - $ -
$ - $ - $ -
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