HomeMy WebLinkAboutAdopt Successor Agency Resolution Nos. 2025-04 and 2025-03 A �NTiNGT 2000 Main Street,
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City of Huntington Beach
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File #: 25-965 MEETING DATE: 12/16/2025
REQUEST FOR CITY COUNCIL ACTION
SUBMITTED TO: Honorable Chair and Board Members
SUBMITTED BY: Travis Hopkins, Executive Director
VIA: Zack Zithisakthanakul, Assistant Chief Financial Officer
PREPARED BY: Ian Wuh, Finance Manager
Subject:
Adopt Successor Agency Resolution Nos. 2025-04 and 2025-03 approving the Recognized
Obligation Payment Schedule (ROPS) and Administrative Budget for the Huntington Beach
Successor Agency for the period of July 1, 2026, through June 30, 2027, in accordance with
Health and Safety Code Section 34177 and related actions
Statement of Issue:
The Successor Agency is requested to approve the Recognized Obligation Payment Schedule
(ROPS) and Administrative Budget for the period of July 1, 2026, through June 30, 2027. An
approved ROPS must be submitted to the County of Orange Oversight Board by January 12, 2026,
and then to the Department of Finance (DOF) by February 1, 2026. This is the seventh year that the
Successor Agency is submitting the annual ROPS to the Countywide Oversight Board.
Financial Impact:
The ROPS provides the County Auditor-Controller with the amount of the former Redevelopment
Agency's enforceable obligations for which the Successor Agency anticipates incurring expenditures.
Once approved by DOF, the Successor Agency will be entitled to receive property tax revenue up to
the amount of the DOF-approved enforceable obligations included in the Payment Schedule. The
ROPS requests $13,086,714 in funds to support existing legally required enforceable obligations for
FY 2026/27.
Recommended Action:
A) Adopt Resolution No. 2025-04, "A Resolution of the Successor Agency to the Redevelopment
Agency of the City of Huntington Beach Approving the Recognized Obligation Payment Schedule for
the Period July 1, 2026 - June 30, 2027 (`ROPS 26-27');" and
B) Adopt Resolution No. 2025-03, "A Resolution of the Successor Agency to the Redevelopment
Agency of the City of Huntington Beach Approving the Successor Agency Administrative Budget for
the Period July 1, 2026, through June 30, 2027."
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File #: 25-965 MEETING DATE: 12/16/2025
Alternative Action(s):
Do not approve the recommended action(s) and direct staff accordingly.
Per Health and Safety Code Section 34179(j), the Successor Agency is required to submit the ROPS
to the Countywide Oversight Board and the Department of Finance by February 1st of each year.
Per Health and Safety Code Section 34177 (o)(1), the City would be assessed a $10,000 per-day
penalty for failure to submit the ROPS on a timely basis. Additionally, failure to submit the ROPS
within ten (10) days of the deadline may result in a 25% reduction of the Successor Agency's
maximum administrative cost allowance for the period covered by the delinquent ROPS. Should the
Agency fail to submit the ROPS, expenditures totaling $2,263,664 would need to be covered through
alternate sources of funding in Fiscal Year 2026-27. The Agency would also postpone the receipt of
$10,823,050 in loan funds to be repaid to the City's General Fund and Low and Moderate Income
Housing Asset Fund to the Fiscal Year 2027-28 ROPS or later.
Analysis:
As part of the 2011 Budget Act, as recommended by then Governor Jerry Brown, the Legislature
approved the dissolution of the State's Redevelopment Agencies. After litigation, the California
Supreme Court ruled on the Dissolution Act that all redevelopment agencies in California were
dissolved effective February 1, 2012.
The Dissolution Act, AB 1484, and related legislation describe the procedures to wind down the
affairs of the former redevelopment agencies. These provisions include the continued payment of
recognized enforceable obligations as defined in the law. The ROPS for July 1, 2026, through June
30, 2027, requests payment for enforceable obligations associated with development agreements,
legal services, administrative budget, and other miscellaneous costs.
Of note, the ROPS also includes a request for funds in the amount of $10,823,050 to repay a portion
of monies owed to the City from the former Redevelopment Agency for the purchase of real property
(the "Waterfront Loan") in Fiscal Year 1988-89 in the amount of $22.4M, which was loaned to the
agency at a 10-percent interest rate.
The total amount of the loan as of June 30, 2026, will be $14,928,759, comprised of $5,365,894 in
principal and $9,562,865 in accrued interest calculated in accordance with Health and Safety Code
Section 34191.4(b)(3)
"If the oversight board finds that the loan is an enforceable obligation, any interest on the
remaining principal amount of the loan that was previously unpaid after the original effective
date of the loan shall be recalculated from the date of origination of the loan as approved by
the redevelopment agency on a quarterly basis, at a simple interest rate of 3 percent. The
recalculated loan shall be repaid to the city, county, or city and county in accordance with a
defined schedule over a reasonable term of years. Moneys repaid shall be applied first to the
principal, and second to the interest."
The $10,823,050 repayment amount requested in the FY 2026/27 ROPS was calculated using the
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File #: 25-965 MEETING DATE: 12/16/2025
Department of Finance's Sponsoring. Entity Loan Repayment Calculator based on the provisions
outlined in Health and Safety Code Section 34191.4(b)(3)(A), which calculated the maximum
repayment amount authorized per fiscal year. This amount will be recalculated each fiscal year
based on the estimated tax revenue available for repayment of the loan as required by Health and
Safety Code Section 34191.3(b)(3)(A).
The County Oversight Board will review for approval the City's current ROPS during its January 20,
2026 meeting. The City is required to submit to the State DOF by February 1, 2026. The State DOF
will
make its determination by April 15th. The City's ROPS will not be effective until approved by the State
DOF.
Environmental Status:
Pursuant to CEQA Guidelines Section 15378(b)(5), administrative activities of governments that will
not result in direct or indirect physical changes in the environment do not constitute a project.
Strategic Plan Goal:
Goal 2 - Fiscal Stability, Strategy A - Consider new revenue sources and opportunities to support the
City's priority initiatives and projects.
For details, visit www.huntingtonbeachca.gov/strategicplan.
Attachment(s):
1. Resolution No. 2025-04, "A Resolution of the Successor Agency to the Redevelopment
Agency of the City of Huntington Beach Approving the Recognized Obligation Payment Schedule for
the Period July 1, 2026 - June 30, 2027 ('ROPS 26-27')"
2. Resolution No. 2025-03, "A Resolution of the Successor Agency to the Redevelopment
Agency of the City of Huntington Beach Approving the Successor Agency Administrative Budget for
the Period July 1, 2026 Through June 30, 2027"
3. Department of Finance Section 34191.4(b)(3)(A) Sponsoring Entity Loan Repayment
Calculator
4. Waterfront Loan Calculation per Health and Safety Code Section 34191.4(b)(3)
5. PowerPoint Presentation
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RESOLUTION NO. 2025-04
A RESOLUTION OF THE SUCCESSOR AGENCY TO THE
REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH
APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE
FOR THE PERIOD JULY 1, 2026—JUNE 30, 2027 ("ROPS 26-27")
WHEREAS,pursuant to AB xl 26 (as amended by AB 1484, the"Dissolution Act"), the
separate legal entity known as Successor Agency to the Redevelopment Agency of the City of
Huntington Beach ("Successor Agency") must prepare "Recognized Obligation Payment
Schedules" ("ROPS")that enumerate the enforceable obligations and expenses of the Successor
Agency for each successive annual fiscal period until the wind down and disposition of assets of
the former Redevelopment Agency of the City of Huntington Beach; and
The Successor Agency staff has prepared a ROPS for the annual fiscal period
commencing on July 1, 2026 and continuing through June 30, 2027 ("ROPS 26-27") which is
attached hereto as Exhibit A; and
After reviewing ROPS 26-27,presented to and recommended for approval by Successor
Agency staff, and after reviewing any written and oral comments from the public relating
thereto,the Successor Agency Board desires to approve the ROPS 26-27; and
All of the prerequisites with respect to the approval of this Resolution have been met.
NOW, THEREFORE, the Successor Agency to the Redevelopment Agency of the City of
Huntington Beach does hereby resolve as follows:
1. The Successor Agency hereby finds and determines that the foregoing recitals are
true and correct.
2. The Successor Agency hereby approves ROPS 26-27 in the form presented to the
Successor Agency and attached hereto as Exhibit A, and hereby determines that such agreements
and obligations constitute "enforceable obligations" and "recognized obligations" for all
purposes under the Dissolution Act.
3. The Successor Agency authorizes and directs the Successor Agency staff to: (i)
take all actions necessary under the Dissolution Act to post ROPS 26-27 on the Successor
Agency website once approved by the Oversight Board to the Successor Agency; (ii) transmit
ROPS 26-27 to the Auditor-Controller and the County Administrator of the County of Orange
and to the State Controller and the State Department of Finance ("DOF"); and (iii) to do any and
all things and to execute and deliver any and all documents which may be necessary or advisable
in order to effectuate the purposes of this Resolution. In addition, the Successor Agency
authorizes and directs the Successor Agency staff to make such non-substantive revisions to
ROPS 26-27 as may be necessary to submit ROPS 26-27 in any modified form required by DOF,
and ROPS 26-27 as so modified shall thereupon constitute ROPS 26-27 as approved by the
Successor Agency pursuant to this Resolution.
25-17465/398544 1
RESOLUTION NO. 2025-04
4. The Successor Agency authorizes the Executive Director, or designee, to make
such non-substantive changes and amendments to ROPS 26-27 be approved by the Executive
Director of the Successor Agency and its legal counsel, ROPS 26-27 as so modified shall
thereupon constitute ROPS 26-27 as approved by the Successor Agency pursuant to this
Resolution.
5. The Successor Agency does not intend, by adoption of this Resolution, to waive
any constitutional, legal and/or equitable rights of the Successor Agency or the City of
Huntington Beach under law and/or in equity by virtue of the adoption of this Resolution and
actions approved and taken pursuant to this Resolution and, therefore, reserves all such rights of
the Successor Agency and the City of Huntington Beach under law and/or in equity.
PASSED AND ADOPTED by the Successor Agency to the Redevelopment Agency of
the City of Huntington Beach at a regular meeting thereof held on the /e"'day of December,
2025.
c-�
Chairperson
REVIEWED AND APPROVED:
xecutive Director
APPROVED AS TO FORM:
General Legal Counsel
25-17465/398544 2
EXHIBIT A
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
FOR THE PERIOD JULY 1, 2026 THROUGH JUNE 30, 2027
("ROPS 26-27")
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Reso No. 2025-04
Exhibit"A"
Huntington Beach
ROPS 2026-27 Annual
Summary_ Detail Cash Balances Submission
Requested Funding for Obligations 26-27A Total 26-27B Total ROPS Total
A Obligations Funded as Follows(B+c+D) 0 0 0
B Bond Proceeds 0 0 0
C Reserve Balance 0 0 0
D Other Funds 0 0 0
E Redevelopment Property Tax Trust Fund 6,188,664 6,898,050 13,086,714
(RPTTF)(F+G)
F RPTTF 6,113,664 6,823,050 12,936,714
G Administrative RPTTF 75,000 75,000 150,000
H Current Period Obligations(A+E) 6,188,664 6,898,050 13,086,714
•
•
•
https://rad.dof.ca.gov/rops/annual/summary 1/1
12/8/25,12:41 PM RAD
Huntington Beach
ROPS 2026-27 Annual
Summary- Detai Cash Balances Submission
Filter Export to Excel
Agreement Agreement Total Total
Obligation Execution Termination Outstanding Requested
item# Name Obligation Type Date Date Payee Description Obligation Funding Notes
/9' 14 Strand Hotel OPA/DDA/Construction 06/01/1999 09/30/2033 CIM Group, Property Tax 4,506,982 677,904
and Mixed- LLC and Sharing
Use Project, Kane Agreement
Parking& Ballmer under the
Infrastructure and Disposition and
Berkman Development
Agreement
(DDA)for
development of
hotel,retail,
restaurant,and
public parking
structure.The
Implementation
of the DDA and
the Sixth
Implementation
Agreement
were entered
into from June
1999 to
November
2008.
9 15 Strand OPA/DDA/Construction 01/20/2009 09/30/2033 CIM Group, Property Tax 394,802 49,576
Project LLC Sharing
Additional Agreement
Parking under the
Disposition and
Development
Agreement
(DDA)and Sixth
Implementation
Agreement for
the Strand
projects parking
structure
authorized on
January 20,
2009.
1/2
hops://rad.dof.ca.gov/rops/annuaVdetail
12/8/25,12:41 PM RAD
Agreement Agreement Total Total
Obligation Execution Termination Outstanding Requested
Item# Name Obligation Type Date Date Payee Description Obligation Funding Notes
9 30 Bella Terra OPA/DDA/Construction 10/04/2010 07/01/2036 Bella Terra Agreement 9,591,735 1,376,184
Phase II Villas,LLC approved on
Property Tax and Kane October 4,2010
Sharing Ballmer for construction
Agreement Berkman of a 467 mixed-
use unit project.
Construction is
complete and
financed by
property tax
allocations.
Includes legal
requirements to
implement
obligation.
• 50 Enforcement Admin Costs 02/01/2012 11/26/2040 Successor Successor 3,600,000 150,000
of Successor Agency, Agency
Agency Kane administrative
dissolution Ballmer, obligations
compliance Keyser relating to
and Marston, maintaining
monitoring and Davis payments on
per AB 1 X26 Farr P et al enforceable
and AB1484 obligations and
other activities
as required by
AB 1X26
/ 64 Successor Dissolution Audits 11/04/2013 08/01/2024 Davis Farr Statutorily 10,000 10,000
Agency LLP required annual
Financial financial
Statement statement audit
Audit of Successor
Agency.
/ 119 Waterfront City/County Loan(Prior 09/19/1988 06/30/2040 City of Acquisition of 14,928,759 10,823,050
Commercial 06/28/11),Property Huntington the Waterfront
Master Site transaction Beach property related
Plan to the
Waterfront
Commercial
Master Site
Plan
•
•
hops://rad.dor.ca.govhops/annual/detail 2/2
12/8/25,12:44 PM RAD
Huntington Beach
ROPS 2026-27 Annual
Summary D_ELa Cash Balances Submissivrt
Pursuant to Health and Safety Code section 34177(I),Redevelopment Property Tax Trust Fund(RPTTF)may be listed as a source of payment on the POPS.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 Cash Balance Tips.
Export to Excel Note:Cash Balances data Is auto-saved.
July 1,2023 through June 30,2024
(Report Amounts in Whole Dollars)
A B C D E F G H
Fund Sources
Bond Proceeds Reserve Balance Other Funds RPTTF
ROPS 23-24
Cash Balances Prior ROPS RPTTF and Reserve Rent, Non-Admin
(07/01/23- Bonds issued on or before Bonds issued on or after Balances retained for future Grants, and
06/30/24) 12/31/10 01/01/11 period(s) Interest,etc. Adonis Comments
1 Beginning
Available Cash E:$132,058 .
Balance(Actual requested from
07/01/23)
RPTTF amount
should exclude
'A'period 1,662,924 76,969 325,947
distribution _
amount
2 Revenue/Income •
(Actual
06/30/24)
RPTTF amount
should tie to the
ROPS 23-24
total distribution
from the County 276,881 12,164,145
Auditor-
Controller
3 Expenditures for E:$89,445
ROPS 23-24
Enforoeable reclassified for 25-
Obligatione 132,058 12,352,539
(Actual
06/30/24)
4 Retention of
Available Cash
Balance(Actual
06/30/24)
RPTTF amount
retained should
only Include the
amounts
distributed as 1,530,866 76,969
reserve for
future period(s)
5 ROPS 23-24 No entry required
RPTTF Prior
Perlod
Adjustment
RPTTF amount
should tie to the
Agency's ROPS
23-24 PPA form 137,553
submitted to the
CAC
6 Ending Actual $ 0 $ 0 $ 0 $ 276,881 $ 0
Available Cash
Balance
(06/30/24)
C to F=(1+2.3
-4),G=(1+2-3
-4.5)
•
https://rad.dof.ca.gov/rops/annuallcash-balance 1/1
Successor Agency
Res. No. 2025-04
STATE OF CALIFORNIA
COUNTY OF ORANGE ) ss:
CITY OF HUNTINGTON BEACH )
I, LISA LANE BARNES the Clerk of the Successor Agency to the
former City of Huntington Beach Redevelopment Agency, Huntington Beach,
California, DO HEREBY CERTIFY that the foregoing resolution was duly adopted
by The Successor Agency to the Redevelopment Agency of the City of Huntington
Beach at a regular meeting held on December 16, 2025 and that is was so
adopted by the following vote:
AYES: Board Members: Gruel, Kennedy, McKeon, Burns, Van Der Mark,
Williams
NOES: Board Members: None
ABSENT: Board Members: Twining
ABSTAIN: Board Members: None
0°'14-4fixiitt ,�" ,r114K.
Clerk of The Successor Agency to
the Redevelopment Agency of the
City of Huntington Beach, California
RESOLUTION NO. 2025-03
A RESOLUTION OF THE SUCCESSOR AGENCY TO THE
REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH
APPROVING THE SUCCESSOR AGENCY ADMINISTRATIVE BUDGET
FOR THE PERIOD JULY 1, 2026 THROUGH JUNE 30, 2027
WHEREAS, California Health and Safety Code section 34177(j) requires that the
Successor Agency to the Redevelopment Agency of the City of Huntington Beach ("Successor
Agency") prepare an administrative budget for each annual fiscal period; and
A draft administrative budget for the fiscal period of July 1, 2026 through June 30, 2027
("Administrative Budget") is attached hereto as Exhibit A; and
California Health and Safety Code section 34177(k) requires the Successor Agency to
provide to the County Auditor-Controller administrative cost estimates for expenses from the
administrative budget that are to be paid from property tax revenues deposited in the
Redevelopment Property Tax Trust Fund for each annual fiscal period; and
All of the prerequisites with respect to the approval of this Resolution have been met.
NOW, THEREFORE, the Successor Agency to the Redevelopment Agency of the City of
Huntington Beach does hereby resolve as follows: .
1. The Successor Agency hereby finds and determines that the foregoing recitals are
true and correct.
2. The Administrative Budget attached hereto as Exhibit A is hereby approved.
3. The Successor Agency staff is directed to: (i) provide the required cost estimates
for expenses to the County Auditor-Controller; and (ii) to do any and all things and to execute
and deliver any and all documents which may be necessary or advisable in order to effectuate the
purposes of this Resolution.
4. The Successor Agency does not intend, by adoption of this Resolution, to waive
any constitutional, legal and/or equitable rights of the Successor Agency or the City of
Huntington Beach under law and/or in equity by virtue of the adoption of this Resolution and
actions approved and taken pursuant to this Resolution and, therefore, reserves all such rights of
the Successor Agency and the City of Huntington Beach under law and/or in equity.
25-17465/398545 1
RESOLUTION NO. 2025-03
PASSED AND ADOPTED by the Successor Agency to the Redevelopment Agency of
the City of Huntington Beach at a regular meeting thereof held on the/(p- day of December,
2025.
C
if:M
Chairperson
REVIEWED AND APPROVED:
Executive Director
APPROVED AS TO FORM:
a'1;
General Legal Counsel
25-17465/398545 2
RESOLUTION NO. 2025-03
EXHIBIT A
ADMINISTRATIVE BUDGET FOR THE PERIOD
JULY 1, 2026 THROUGH JUNE 30, 2027
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25-17465/398545 3
12/8/25,12:39 PM RAD
Reso No. 2025-03
Exhibit "A"
•
Huntington Beach
ROPS 2026-27 Annual
Summary_ Detail Cash Balances Submission
Requested Funding for Obligations 26-27A Total 26-27B Total ROPS Total
A Obligations Funded as Follows(B+C+D) 0 0 0
B Bond Proceeds 0 0 0
C Reserve Balance 0 0 0
D Other Funds 0 0 0
E Redevelopment Property Tax Trust Fund 6,188,664 6,898,050 13,086,714
(RPTTF)(F+G)
F RPTTF 6,113,664 6,823,050 12,936,714
G Administrative RPTTF 75,000 75,000 150,000
H Current Period Obligations(A+E) 6,188,664 6,898,050 13,086,714
•
https://rad.dof.ca.gov/rops/annuaVsummary 1/1
Successor Agency
Res. No. 2025-03
STATE OF CALIFORNIA
COUNTY OF ORANGE • ) ss:
CITY OF HUNTINGTON BEACH )
I, LISA LANE BARNES the Clerk of the Successor Agency to the
former City of Huntington Beach Redevelopment Agency, Huntington Beach,
California, DO HEREBY CERTIFY that the foregoing resolution was duly adopted
by The Successor Agency to the Redevelopment Agency of the City of Huntington
Beach at a regular meeting held on December 16, 2025 and that is was so
adopted by the following vote:
AYES: Board Members: Gruel, Kennedy, McKeon, Burns, Van Der Mark,
Williams
NOES: Board Members: None
ABSENT: Board Members: Twining
ABSTAIN: Board Members: None
x,,00
Clerk of The Successor Agency to
the Redevelopment Agency of the
City of Huntington Beach, California
Sponsoring Entity Loan Repayment Calculator
ROPS II ROPS III
July thru January thru
December June
Base Year: 2012 2013 Total For Base Year
740,249 853,341 1,593,590
Total Residual Balance
ROPS 25-26A ROPS 25-26B
July thru January thru
December June
Comparison Year: 2024 2025 (Estimate) Total For Comparison Year
9,563,108 13,676,581 23,239,689
Total Residual Balance
A Total Residual Balance for Comparison Year 23,239,689
B Total Residual Balance for Base Year 1,593,590
A-B Difference of Residual Balance 21,646,099
Divide Difference by two -2
Maximum Repayment Amount Authorized Per 10,823,050
Fiscal Year
Note: This is a tool provided by Finance to assist successor agencies in
determining the maximum repayment amount per authorized fiscal year.
Placing this amount on the ROPS does not automatically guarantee approval
of the repayment amount.
Input fields (amounts from County Auditor-Controller RPTTF
Distribution Report)
Formula fields, no input required.
Orange County
Auditor-Controller
July 2012 to December 2012-ROPS II Successor Agency Successor Agency Successor Agency Successor Agency Successor Agency Successor Agency Successor Agency
for for for for for for for
Garden Grove Huntington Beach Irvine La Habra La Palma Lake Forest Mission Viejo
RPTTF Beginning Balance $ - $ - $ - $ - $ - $ - $ -
Deposits:
Secured Property Tax Increment 9,999,853 6,164,806 3,194,193 1,210,869 1,216,384 2,914,554
Public Utility Property Tax Increment - - - - -
Supplemental Property Tax Increment - - - - - -
Unsecured Property Tax Increment - - - - - -
Miscellaneous Revenues(Bond Debt Increment&Interest) - - - - -Deposit totals 9,999,853 6,164,806 3,194,193 1,210,869 1,216,384 - 2,914,554
RPTTF Available Balance 9,999,853 6,164,806 3,194,193 1,210,869 1,216,384 - 2,914,554
H&S Code 34183 Distributions
Total County Admin Fees 256,920 179,239 66,600 33,917 33,547 - 77,110
Total Pass-Through 3,396,468 1,816,732 638,839 210,506 217,654 - 1,666,258
RPTTF Available for RODS 6,346,465 4,168,835 2,488,754 966,446 965,183 - 1,171,186
ROPS Enforceable Obligations Payable from Property Taxes 11,567,900 5,580,531 898,596 1,153,265 337,193 701,234 2,126,338
Successor Agency Administrative Cost Allowance(ACA) 347,037 167,416 258,036 175,133 233,735 155,000
Less:Carryover Property Tax Revenue From 7/1/11-1/31/12 after 4/15/12 ROPS 11,911,555 1,369,715 835,055 533,120 1,454,805
Total ROPS and ACA(If negative,then 0) 3,382 4,378,232 321,577 1,328,398 37,808 701,234 826,533
Total Maximum ROPS Distribution 3,382 3,428,586 321,577 966,446 37,808 - 826,533
SCO Invoices for Audit and Oversight
H&S Code 34183 Dist Totals
Residual Balance 6,343,083 740,249 2,167,177 - 927,375 - 344,653
Residual Residual Residual Residual
AB1484 True Up of ROPS I
Calculation:
RPTTF Available for 7/1/12 to 12/31/12 ROPS 6,346,465 4,168,835 2,488,754 965,183 1,171,186
Less:7/1/12 to 12/31/12 BOPS Enforceable Obligations Payable from Property Taxes (11,567,900) (5,580,531) (898,596) (337,193) (2,126,338)
Less:Successor Agency Administrative Cost Allowance(ACA) (347,037) (167,416) (258,036) (233,735) (155,000)
Residual Balance from 7/1/12 to 12/31/12 Period (5,568,472) (1,579,112) 1,332,122 394,255 (1,110,152)
Tax Increment Allocated to RDAs from 7/1/11 to 1/31/12 16,272,451 8,889,565 3,312,374 1,683,817 1,632,358 - 4,104,769
Less: ROPS Approved for 1/1/12 to 6/30/12 4,360,896 7,519,850 2,356,439 1,896,840 940,363 1,026,377 1,113,221
Residual Balance from 1/1/12 to 6/30/12 Period 11,911,555 1,369,715 955,935 (213,023) 691,995 (1,026,377) Z,991,548
Residual Balance from 7/1/12 to 12/31/12 Period (5,568,472) (1,579,112) 1,332,122 394,255 (1,110,152)
Residual Balance from 1/1/12 to 6/30/12 Period 11,911,555 1,369,715 955,935 691,995 2,991,548
Less:Residual Distributed to Affected Taxing Entities in June 2012 (6,343,083) (740,249) (2,167,177) (927,375) (344,653)
A
co Residual Balance Remaining to be Paid to Affected Taxing Entities 5,568,472 629,466 120,880 - 158,875 - 2,646,895
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11ec0506.d OMga00e 707med Schedde(ROPS)
Redevelopment Pmpedy las bed Fund(RPM)d4MlMons
)e be completed by County Aadib-Coeko0ers)CACs)
Al„n6,.,n t be rammed 0 2,c4n dawn,.
Report Type:Estimate
RBscalen PMed:Jan I.Jun 30
0065 80701001 CYcle:2323268-29
County:Orange
-
Successor Agency to Former Redevelopment Agency
lint
9 De.Mplee COMerrkle Tags Anaheim•07 0rea•27 Buena Pak-61 Coda Mesa-76 Cypms-83 Foudeln Valley-114 Merton•119 Gorden Grew•121 tenleglee Oeeeh-145 boles-155 La 0abre•162 68 Perm.-165
1 RPM Depots-Entering the deposits by source A optional. 452465,416 4799.951 37,01,153 39,330.428 0 0 1,410,454 23.905.925 21,713.455 10275.702 0 4.154.113 2.011,917
2 Secured 6 Unsecured Properly Tax Increment(11) 0 0
3 Supplemental 6 Unitary Properly 11 0
4 Penalty Assessment Revenue 0
5 Other-15,r.0e 1a7101 RDA SA I7nsi.F. 17)351.755 643.26E 10.328.847
6 Other 0
7 Tog RTF Depas.r(sum of has 1.6) 470,317,171 60,719,951 37,601253 39,330,428 643,268 0 8,410,454 23,906,925 28,713455 18,875,702 10.328,847 4,154,113 2,011,117
8 Tag RTF Available to Fund CAC Adnbhhahve Cosh and PassdMoogh. 470.317,171 0,719,951 37.601,653 39.330A15 643,268 0 0.610,654 23.905,925 28,713.455 18815,752 10328,847 4,154,113 2,011,91/
9 IMF DhabWbns•Include all payments made pursuant to Health and Solely
Code)MC)Section 34183.Note me Idbvmg diskgwlnns are not necessary
fisted in Re primly order reamed by HSC 34183.
10 Adminskdhe Ohhtdlonm
II Adminekalive Feeslo CAC 493.40/ 76.387 40.550 36.812 0 0 7.230 25.610 27.893 23.691 0 24.818 2.615
12 SB 2557 Adminiskalve Fees 0
13 SCO invoices to Audio and Oversight-Fuming would ants'be dbcand fa 0
Ibis purpose when there is sutfic'enl RPM to fully fund the approved
6alaraMln nManinrn ns anal nn line 39
16 Omer 0
IS 1610 Admgshdlve 2b4DMens(sum of Wes I1;14) 493,07 76,387 40550 36,812 0 7.230 25.610 27,893 23491 0 24,818 2.615
16 Panthro gb D61r6eRwe
17 City 8844833 771.407 945,154 784970 0 163,653 560.249 572,406 493.026 0 112008 30.918
18 Cam* 11365.086 1.225,680 875.6E0 793909 0 112772 329.056 351803 399,010 0 58,852 77.736
19 CMy6/0 County-Otter 05
29 Special UBilch 11747.159 1,93300) 995,606 1,379.216 0 170.719 401,831 811.218 417,319 0 117.492 227389
21 K-12 School-latPadon 17207.919 2237.152 1,679.689 2624.646 0 534.412 1399.845 59.088 1.266,102 0 260170 89075
22 K-12 School-F fibs Paton 49385098 6524.617 4.252700 3.951847 0 699.796 1833,051 3.034,101 1.78.073 0 02518 116,60
23 K-12 School-Other 0
•
24 Community college-Tar Pabn 1794251 397.283 339556 450266 0 107612 221,249 191,145 332,654 0 41585 15.337
25 Community College-F lies Polon 805443 967.837 375.298 566,158 0 11890 252276 233.693 411966 0 /5964 16.918
26 Community Colege-Otter 0
21 County Office of Education-fah PorSan 327.036 36.562 53879 65429 0/ 5.693 14667 11.655 10299 0 4076 2.315
28 County Office of Educator-FocUlles Paton 208,5994 282521 229695 349.583 0 24269 62525 99.170 59.681 0 25.906 9,998
29 Counly Office of Educaton-Over 0
0 P65005on Revenue Augmentation Fund(E0AF) 0
31 Other 0
32 Told Pmehmen DhhM60m(sum of lines 1731) 121.090.789 14,376.059 9.747.257 10.968.004 0 0 1.937866 5.051.752 5.362479 5.175.430 0 1,071.371 586.526
33 Idd Administrative end POsbroagh DlshbhAMs sea 15 plus 32) 121,592,196 14,452666 9,787,807 11,004816 0 0 1,945,096 5,107,362 5.310,372 5,119,121 0 1,096,189 589,141
36 Tag 919117 Avaleble to Fund Successor Agency(56)Enlorceode 064406001 348,720.975 66,347,505 27214.046 28,325,612 643.268 0 6.445.358 10.798463 23,323.083 13,676,581 10.328.847 3.057.924 1.422,776
Mt Ilia 8 minus 331 _
35 Fisoace Approved RIM ter obl*sllen tO SA:
36 N n-Adrel KO, 0
37 Admn Allowance 0
38 less Prior Period Adjustments(PPA) t.., 0
39 Tdd Finance Approved RPM er Obhlbueon(sum of lines 36.381 0 0 0 0 0 0 0 0 0 D 0 0 0
O CAC DhMtufed BOPS RPM
-61 Non-Admin Ells 0
62 Adm1n Allowance 0
O heuRIclenl IMF(See the 0 in"A'ROPS) 0
nsul0A,ienl RP17F in-A'Period la F Apaoved RPM to be Funded NV
,,t,•t
44 Told CAC 0181106ed RPM for SA 201(sum of fines 61:43) 0 0 0 0 0 0 0 0 0 0 0 0 0
45 4el110110venide/Sete Wafer Project Override Revenues gesuant to HSC 0
r16183 161 01 18?
66 Olh0 0
47 Other 0
68 total ROPS Only RTF Sa4on•Avel0be Mr 011811su90n to ATEs 348,724,975 46,347,505 27814.046 28,325,612 643248 0 6,665.358 18,798,563 23,323.083 13,676,511 10,318847 3,057,926 1,422,776
JYne 36 minas 64'671
69 RTF0b 18611os to Alb:
50 Cities
51 Counties
52,Specid DMech
53 K-12 Schools
56 Commudly Colleges
55 County Office d Ed,colon
56 Total ERAF-Peme Weak tad be GAF amounts Into Me following categories.0 0 0 0 0 0 0 0 0 0 0 0 0
possible Num of lines 97391
57 ERAF-K-12
58 ERAF-Community Colleges
59 ERAF-County Offices of Education
O 16101100 ohhlbutIom to Ails(sum of Ares 50:56(-told reskluol dhkbulons 0 0 0 0 0 0 0 0 0 0 0 0
JTwst rand total residual balance as shown on line 68.
61 Told Resldel Ohttdlons to 11-16 Schools(sum d Ines 5336) 0 0 0 0 0 0 0 0 0 0 0 0
62 Percentage of K-I 6 Schols to Residual DIshbutbns(line 61/0) RDIV/01 RDIV/01 4131V/01 401V/0I *WAN 0131V/01 RDIV/01 4DIV/01 4DIV/01 Sow/0 0DIV/0 8010/01 8010/01
63 Cavemen: samong dissolved on Formally dissolve,., Formally drssalved on.
r 2,i'si'r, 09/17/2024 per 01/24/2723 per 09/17/2024 per
Counlyvnde Oversght Counlywlde Oversight Countywide 0Yesvghl
Board Resolvcon No.24- Board Resdukon No.23 good Resola1on No.24
027. 09 028.
01
0
02
County Name Orange Agency Name Huntington Beach
OB Action for City Loan ROPS Review Period - Residual Calculation Amount
Has the OB
Action for the What type of ROPS are you ROPS Review I
City RDA loan Yes 26-27
currently reviewing? Annual Period
been approved
by Finance?
LOAN REPAYMENT CALCULATION:
Beginning Beginning
Quarter Principal Loaned Outstanding Outstanding Interest Interest Accrued Ending Outstanding Amount Repaid Amount Repaid
Balance Balance(Total) Rate Balance (Total) (Principal) (Interest)
(Principal)
7/1/89 $ 22,400,000 $ 22,400,000 $ 22,400,000 3% $ 168,000 $ 22,568,000 $ - $ -
10/1/89 $ - $ 22,400,000 $ 22,568,000 3% $ 168,000 $ 22,736,000 $ - $ -
1/1/90 $ - $ 22,400,000 $ 22,736,000 3% $ 168,000 $ 22,904,000 $ - $ 6,672
4/1/90 $ - $ 22,400,000 $ 22,897,328 3% $ 168,000 $ 23,065,328 $ - $ -
7/1/90 $ - $ 22,400,000 $ 23,065,328 3% $ 168,000 $ 23,233,328 $ - $ -
10/1/90 $ - $ 22,400,000 $ 23,233,328 3% $ 168,000 $ 23,401,328 $ - $ -
1/1/91 $ - $ 22,400,000 $ 23,401,328 3% $ 168,000 $ 23,569,328 $ - $ 11,407
4/1/91 $ - $ 22,400,000 $ 23,557,921 3% $ 168,000 $ 23,725,921 $ - $ -
7/1/91 $ - $ 22,400,000 $ 23,725,921 3% $ 168,000 $ 23,893,921 $ - $ -
10/1/91 $ - $ 22,400,000 $ 23,893,921 3% $ 168,000 $ 24,061,921 $ - $ -
1/1/92 $ - $ 22,400,000 $ 24,061,921 3% $ 168,000 $ 24,229,921 $ - $ 1,997,921
4/1/92 $ - $ 22,400,000 $ 22,232,000 3% $ 168,000 $ 22,400,000 $ - $ -
7/1/92 $ - $ 22,400,000 $ 22,400,000 3% $ 168,000 $ 22,568,000 $ - $ -
10/1/92 $ - $ 22,400,000 $ 22,568,000 3% $ 168,000 $ 22,736,000 $ - $ -
1/1/93 $ - $ 22,400,000 $ 22,736,000 3% $ 168,000 $ 22,904,000 $ - $ 181,678
4/1/93 $ - $ 22,400,000 $ 22,722,322 3% $ 168,000 $ 22,890,322 $ - $ -
7/1/93 $ - $ 22,400,000 $ 22,890,322 3% $ 168,000 $ 23,058,322 $ - $ -
10/1/93 $ - $ 22,400,000 $ 23,058,322 3% $ 168,000 $ 23,226,322 $ - $ -
1/1/94 $ - $ 22,400,000 $ 23,226,322 3% $ 168,000 $ 23,394,322 $ - $ 608,831
4/1/94 $ - $ 22,400,000 $ 22,785,491 3% $ 168,000 $ 22,953,491 $ - $ -
7/1/94 $ - $ 22,400,000 $ 22,953,491 3% $ 168,000 $ 23,121,491 $ - $ -
10/1/94 $ - $ 22,400,000 $ 23,121,491 3% $ 168,000 $ 23,289,491 $ - $ -
1/1/95 $ - $ 22,400,000 $ 23,289,491 3% $ 168,000 $ 23,457,491 $ - $ 257,413
4/1/95 $ - $ 22,400,000 $ 23,200,078 3% $ 168,000 $ 23,368,078 $ - $ -
7/1/95 $ - $ 22,400,000 $ 23,368,078 3% $ 168,000 $ 23,536,078 $ - $ -
10/1/95 $ - $ 22,400,000 $ 23,536,078 3% $ 168,000 $ 23,704,078 $ - $ -
1/1/96 $ - $ 22,400,000 $ 23,704,078 3% $ 168,000 $ 23,872,078 $ - $ 1,640,078
4/1/96 $ - $ 22,400,000 $ 22,232,000 3% $ 168,000 $ 22,400,000 $ - $ -
7/1/96 $ - $ 22,400,000 $ 22,400,000 3% $ 168,000 $ 22,568,000 $ - $ -
10/1/96 $ - $ 22,400,000 $ 22,568,000 3% $ 168,000 $ 22,736,000 $ - $ -
1/1/97 $ - $ 22,400,000 $ 22,736,000 3% $ 168,000 $ 22,904,000 $ - $ 672,000
4/1/97 $ - $ 22,400,000 $ 22,232,000 3% $ 168,000 $ 22,400,000 $ - $ -
7/1/97 $ - $ 22,400,000 $ 22,400,000 3% $ 168,000 $ 22,568,000 $ - $ -
10/1/97 $ - $ 22,400,000 $ 22,568,000 3% $ 168,000 $ 22,736,000 $ - $ -
1/1/98 $ - $ 22,400,000 $ 22,736,000 3% $ 168,000 $ 22,904,000 $ - $ 672,000
4/1/98 $ - $ 22,400,000 $ 22,232,000 3% $ 168,000 $ 22,400,000 $ - $ -
7/1/98 $ - $ 22,400,000 $ 22,400,000 3% $ 168,000 $ 22,568,000 $ - $ -
10/1/98 $ - $ 22,400,000 $ 22,568,000 3% $ 168,000 $ 22,736,000 $ - $ -
1/1/99 $ - $ 22,400,000 $ 22,736,000 3% $ 168,000 $ 22,904,000 $ - $ 73,282
• 4/1/99 $ - $ 22,400,000 $ 22,830,718 3% $ 168,000 $ 22,998,718 $ - $ -
7/1/99 $ - $ 22,400,000 $ 22,998,718 3% $ 168,000 $ 23,166,718 $ - $ -
10/1/99 $ - $ 22,400,000 $ 23,166,718 3% $ 168,000 $ 23,334,718 $ - $ -
1/1/00 $ - $ 22,400,000 $ 23,334,718 3% $ 168,000 $ 23,502,718 $ - $ 100,213
4/1/00 $ - $ 22,400,000 $ 23,402,505 3% $ 168,000 $ 23,570,505 $ - $ -
7/1/00 $ - $ 22,400,000 $ 23,570,505 3% $ 168,000 $ 23,738,505 $ - $ -
10/1/00 $ - $ 22,400,000 $ 23,738,505 3% $ 168,000 $ 23,906,505 $ - $ -
1/1/01 $ - $ 22,400,000 $ 23,906,505 3% $ 168,000 $ 24,074,505 $ - $ 93,562
4/1/01 $ - $ 22,400,000 $ 23,980,943 3% $ 168,000 $ 24,148,943 $ - $ -
7/1/01 $ - $ 22,400,000 $ 24,148,943 3% $ 168,000 $ 24,316,943 $ - $ -
10/1/01 $ - $ 22,400,000 $ 24,316,943 3% $ 168,000 $ 24,484,943 $ - $ -
1/1/02 $ - $ 22,400,000 $ 24,484,943 3% $ 168,000 $ 24,652,943 $ - $ 248.212
4/1/02 $ - $ 22,400,000 $ 24,404,731 3% $ 168,000 $ 24,572,731 $ - $ -
7/1/02 $ - $ 22,400,000 $ 24,572,731 3% $ 168,000 $ 24,740,731 $ - $ -
10/1/02 $ - $ 22,400,000 $ 24,740,731 3% $ 168,000 $ 24,908,731 $ - $ -
1/1/03 $ - $ 22,400,000 $ 24,908,731 3% $ 168,000 $ 25,076,731 $ - $ 2.844,731
4/1/03 $ - $ 22,400,000 $ 22,232,000 3% $ 168,000 $ 22,400,000 $ - $ -
7/1/03 $ - $ 22,400,000 $ 22,400,000 3% $ 168,000 $ 22,568,000 $ - $ -
10/1/03 $ - $ 22,400,000 $ 22,568,000 3% $ 168,000 $ 22,736,000 $ - $ -
1/1/04 $ - $ 22,400,000 $ 22,736,000 3% $ 168,000 $ 22,904,000 $ - $ 672,000
4/1/04 $ - $ 22,400,000 $ 22,232,000 3% $ 168,000 $ 22,400,000 $ - $ -
7/1/04 $ - $ 22,400,000 $ 22,400,000 3% $ 168,000 $ 22,568,000 $ - $ -
10/1/04 $ - $ 22,400,000 $ 22,568,000 3% $ 168,000 $ 22,736,000 $ - $ -
1/1/05 $ - $ 22,400,000 $ 22,736,000 3% $ 168,000 $ 22,904,000 $ - $ 672,000
4/1/05 $ - $ 22,400,000 $ 22,232,000 3% $ 168,000 $ 22,400,000 $ - $ -
7/1/05 $ - $ 22,400,000 $ 22,400,000 3% $ 168,000 $ 22,568,000 $ - $ -
10/1/05 $ 22,400,000 $ 22,568,000 3% $ 168,000 $ 22,736,000 $ - $ -
1/1/06 $ - $ 22,400,000 $ 22,736,000 3% $ 168,000 $ 22,904,000 $ - $ 672,000
4/1/06 $ - $ 22,400,000 $ 22,232,000 3% $ 168,000 $ 22,400,000 $ - $ -
7/1/06 $ - $ 22,400,000 $ 22,400,000 3% $ 168,000 $ 22,568,000 $ - $ -
457
10/1/06 $ - $ 22,400,000 $ 22,568,000 3% $ 168,000 $ 22,736,000 $ - $ -
1/1/07 $ - $ 22,400,000 $ 22,736,000 3% $ 168,000 $ 22,904,000 $ - $ 672,000
4/1/07 $ - $ 22,400,000 $ 22,232,000 3% $ 168,000 $ 22,400,000 $ - $ -
7/1/07 $ - $ 22,400,000 $ 22,400,000 3% $ 168,000 $ 22,568,000 $ - $ -
10/1/07 $ - $ 22,400,000 $ 22,568,000 3% $ 168,000 $ 22,736,000 $ - $ -
1/1/08 $ - $ 22,400,000 $ 22,736,000 3% $ 168,000 $ 22,904,000 $ - $ 672,000
4/1/08 $ - $ 22,400,000 $ 22,232,000 3% $ 168,000 $ 22,400,000 $ - $ -
7/1/08 $ - $ 22,400,000 $ 22,400,000 3% $ 168,000 $ 22,568,000 $ - $ -
10/1/08 $ - $ 22,400,000 $ 22,568,000 3% $ 168,000 $ 22,736,000 $ - $ -
1/1/09 $ - $ 22,400,000 $ 22,736,000 3% $ 168,000 $ 22,904,000 $ - $ 672,000
4/1/09 $ - $ 22,400,000 $ 22,232,000 3% $ 168,000 $ 22,400,000 $ - $ -
7/1/09 $ - $ 22,400,000 $ 22,400,000 3% $ 168,000 $ 22,568,000 $ - $ -
10/1/09 $ - $ 22,400,000 $ 22,568,000 3% $ 168,000 $ 22,736,000 $ - $ -
1/1/10 $ - $ 22,400,000 $ 22,736,000 3% $ 168,000 $ 22,904,000 $ - $ 672,000
4/1/10 $ - $ 22,400,000 $ 22,232,000 3% $ 168,000 $ 22,400,000 $ - $ -
7/1/10 $ - $ 22,400,000 $ 22,400,000 3% $ 168,000 $ 22,568,000 $ - $ -
10/1/10 $ - $ 22,400,000 $ 22,568,000 3% $ 168,000 $ 22,736,000 $ - $ -
1/1/11 $ - $ 22,400,000 $ 22,736,000 3% $ 168,000 $ 22,904,000 $ - $ 672,000
4/1/11 $ - $ 22,400,000 $ 22,232,000 3% $ 168,000 $ 22,400,000 $ - $ -
7/1/11 $ - $ 22,400,000 $ 22,400,000 3% $ 168,000 $ 22,568,000 $ - $ -
10/1/11 $ - $ 22,400,000 $ 22,568,000 3% $ 168,000 $ 22,736,000 $ - $ -
1/1/12 $ - $ 22,400,000 $ 22,736,000 3% $ 168,000 $ 22,904,000 $ - $ -
4/1/12 $ - $ 22,400,000 $ 22,904,000 3% $ 168,000 $ 23,072,000 $ - $ -
7/1/12 $ - $ 22,400,000 $ 23,072,000 3% $ 168,000 $ 23,240,000 $ - $ -
10/1/12 $ - $ 22,400,000 $ 23,240,000 3% $ 168,000 $ 23,408,000 $ - $ -
1/1/13 $ - $ 22,400,000 $ 23,408,000 3% $ 168,000 $ 23,576,000 $ - $ -
4/1/13 $ - $ 22,400,000 $ 23,576,000 3% $ 168,000 $ 23,744,000 $ - $ -
7/1/13 $ - $ 22,400,000 $ 23,744,000 3% $ 168,000 $ 23,912,000 $ - $ -
10/1/13 $ - $ 22,400,000 $ 23,912,000 3% $ 168,000 $ 24,080,000 $ - $ -
1/1/14 $ - $ 22,400,000 $ 24,080,000 3% $ 168,000 $ 24,248,000 $ - $ -
4/1/14 $ - $ 22,400,000 $ 24,248,000 3% $ 168,000 $ 24,416,000 $ - $ -
7/1/14 $ - $ 22,400,000 $ 24,416,000 3% $ 168,000 $ 24,584,000 $ - $ -
10/1/14 $ - $ 22,400,000 $ 24,584,000 3% $ 168,000 $ 24,752,000 $ - $ -
1/1/15 $ - $ 22,400,000 $ 24,752,000 3% $ 168,000 $ 24,920,000 $ - $ -
4/1/15 $ - $ 22,400,000 $ 24,920,000 3% $ 168,000 $ 25,088,000 $ - $ -
7/1/15 $ - $ 22,400,000 $ 25,088,000 3% $ 168,000 $ 25,256,000 $ - $ -
10/1/15 $ - $ 22,400,000 $ 25,256,000 3% $ 168,000 $ 25,424,000 $ - $ -
1/1/16 $ - $ 22,400,000 $ 25,424,000 3% $ 168,000 $ 25,592,000 $ - $ -
4/1/16 $ - $ 22,400,000 $ 25,592,000 3% $ 168,000 $ 25,760,000 $ - $ -
7/1/16 $ - $ 22,400,000 $ 25,760,000 3% $ 168,000 $ 25,928,000 $ - $ -
10/1/16 $ - $ 22,400,000 $ 25,928,000 3% $ 168,000 $ 26,096,000 $ - $ -
1/1/17 $ - $ 22,400,000 $ 26,096,000 3% $ 168,000 $ 26,264,000 $ - $ -
4/1/17 $ - $ 22,400,000 $ 26,264,000 3% $ 168,000 $ 26,432,000 $ - $ -
7/1/17 $ - $ 22,400,000 $ 26,432,000 3% $ 168,000 $ 26,600,000 $ - $ -
10/1/17 $ - $ 22,400,000 $ 26,600,000 3% $ 168,000 $ 26,768,000 $ - $ -
1/1/18 $ - $ 22,400,000 $ 26,768,000 3% $ 168,000 $ 26,936,000 $ - $ -
4/1/18 $ - $ 22,400,000 $ 26,936,000 3% $ 168,000 $ 27,104,000 $ - $ -
7/1/18 $ - $ 22,400,000 $ 27,104,000 3% $ 168,000 $ 27,272,000 $ - $ -
10/1/18 $ - $ 22,400,000 $ 27,272,000 3% $ 168,000 $ 27,440,000 $ - $ -
1/1/19 $ - $ 22,400,000 $ 27,440,000 3% $ 168,000 $ 27,608,000 $ - $ -
4/1/19 $ - $ 22,400,000 $ 27,608,000 3% $ 168,000 $ 27,776,000 $ - $ -
7/1/19 $ - $ 22,400,000 $ 27,776,000 3% $ 168,000 $ 27,944,000 $ - $ -
10/1/19 $ - $ 22,400,000 $ 27,944,000 3% $ 168,000 $ 28,112,000 $ - $ -
1/1/20 $ - $ 22,400,000 $ 28,112,000 3% $ 168,000 $ 28,280,000 $ - $ -
4/1/20 $ - $ 22,400,000 $ 28,280,000 3% $ 168,000 $ 28,448,000 $ - $ -
7/1/20 $ - $ 22,400,000 $ 28,448,000 3% $ 168,000 $ 28,616,000 $ - $ -
10/1/20 $ - $ 22,400,000 $ 28,616,000 3% $ 168,000 $ 28,784,000 $ - $ -
1/1/21 $ - $ 22,400,000 $ 28,784,000 3% $ 168,000 $ 28,952,000 $ - $ -
4/1/21 $ - $ 22,400,000 $ 28,952,000 3% $ 168,000 $ 29,120,000 $ - $ -
7/1/21 $ - $ 22,400,000 $ 29,120,000 3% $ 168,000 $ 29,288,000 $ - $ -
10/1/21 $ - $ 22,400,000 $ 29,288,000 3% $ 168,000 $ 29,456,000 $ - $ -
1/1/22 $ - $ 22,400,000 $ 29,456,000 3% $ 168,000 $ 29,624,000 $ - $ -
4/1/22 $ - $ 22,400,000 $ 29,624,000 3% $ 168,000 $ 29,792,000 $ - $ -
7/1/22 $ - $ 22,400,000 $ 29,792,000 3% $ 168,000 $ 29,960,000 $ - $ -
10/1/22 $ - $ 22,400,000 $ 29,960,000 3% $ 168,000 $ 30,128,000 $ - $ -
1/1/23 $ - $ 22,400,000 $ 30,128,000 3% $ 168,000 $ 30,296,000 $ - $ -
4/1/23 $ - $ 22,400,000 $ 30,296,000 3% $ 168,000 $ 30,464,000 $ - $ -
7/1/23 $ - $ 22,400,000 $ 30,464,000 3% $ 168,000 $ 30,632,000 $ - $ -
10/1/23 $ - $ 22,400,000 $ 30,632,000 3% $ 168,000 $ 30,800,000 $ - $ -
1/1/24 $ - $ 22,400,000 $ 30,800,000 3% $ 168,000 $ 30,968,000 $ - $ -
4/1/24 $ - $ 22,400,000 $ 30,968,000 3% $ 168,000 $ 31,136,000 $ - $ -
7/1/24 $ - $ 22,400,000 $ 31,136,000 3% $ 168,000 $ 31,304,000 $ 4,767,167 $ -
10/1/24 $ - $ 17,632,833 $ 26,536,833 3% $ 132,246 $ 26,669,079 $ - $ -
1/1/25 $ - $ 17,632,833 $ 26,669,079 3% $ 132,246 $ 26,801,325 $ 3,828,541 $ -
4/1/25 $ - $ 13,804,292 $ 22,972,784 3% $ 103,532 $ 23,076,317 $ - $ -
7/1/25 $ - $ 13,804,292 $ 23,076,317 3% $ 103,532 $ 23,179,849 $ 4,000,000 $ -
10/1/25 $ - $ 9,804,292 $ 19,179,849 3% $ 73,532 $ 19,253,381 $ - $ -
1/1/26 $ - $ 9,804,292 $ 19,253,381 3% $ 73,532 $ 19,326,913 $ 4,438,398 $ -
4/1/26 $ - $ 5,365,894 $ 14,888,515 3% $ 40,244 $ 14,928,759 $ - $ -
7/1/26 $ - $ 5,365,894 $ 14,928,759 3% $ 40,244 $ 14,969,004 $ - $ -
10/1/26 $ - $ 5,365,894 $ 14,969,004 3% $ 40,244 $ 15,009,248 $ - $ -
1/1/27 $ - $ 5,365,894 $ 15,009,248 3% $ 40,244 $ 15,049,492 $ - $ -
4/1/27 $ - $ 5,365,894 $ 15,049,492 3% $ 40,244 $ 15,089,736 $ - $ -
458
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Recognized Obligation Payment Schedule (ROPS)
The California Supreme Court ruled on the Dissolution Act (AB 1484) to dissolve all
Redevelopment Agencies (RDAs) in California effective February 1 , 2012.
AB 1484 established procedures for payment of legally enforceable obligation of the former
RDAs by establishing Successor Agencies (SAs) through the annual submission of the
ROPS to the State Department of Finance (DOF).
ROPS lists all expenditures required to be paid by the Successor Agency in the upcoming
fiscal year. For Fiscal Year 2026-27, this amount is $13,086,714.
The Fiscal Year ROPS also includes a request for $10,823,050 for repayment of a loan from
the City to the former RDA. The payment is required through a judgment issued by the
California Supreme Court on February 17, 2023. The DOF concurred with the Court's ruling
in a letter dated May 19, 2023.
m
Recommended Action
r Adopt Resolution No. 2025-04, "A Resolution of the Successor Agency to the
Redevelopment Agency of the City of Huntington Beach Approving the Recognized
Obligation Payment Schedule for the Period July 1 , 2026 - June 30, 2027 (`ROPS 26-27');"
and
r Adopt Resolution No. 2025-03, "A Resolution of the Successor Agency to the
Redevelopment Agency of the City of Huntington Beach Approving the Successor Agency
Administrative Budget for the Period July 1 , 2026, through June 30, 2027."
Health and Safety Code Section 34179(j) required the ROPS to be approved by both the
Huntington Beach Successor Agency and the Countywide Oversight Board and submitted
to the Department of Finance no later than February 1 , 2026 in order to receive funding for
the Fiscal Year 2026-2027.
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