MEETING DATE:
January 14, 2025
SUBJECT:
Title
RESOLUTION NO. SA 2025-034 - APPROVING THE 25-26 RECOGNIZED OBLIGATION PAYMENTS SCHEDULE (ROPS) AND ADMINISTRATION BUDGET AS REQUIRED BY HEALTH & SAFETY CODE SECTION 34177
Body
Recommendation
Recommendation
ADOPT a resolution approving the Recognized Obligation Payment Schedule (ROPS) and Administration Budget for the required filing period of July 1, 2025 through June 30, 2026.
Body
Board or Commission Action
Not Applicable
Relevant Council Strategic Theme
Planning for the Future
Relevant Department Goal
Not Applicable
Executive Summary
The required filing period for the Recognized Obligation Payment Schedule (ROPS) 25-26 is July 1, 2025 through June 30, 2026, as required by AB X1 26, AB 1484, and SB 107. The Successor Agency (City) is responsible for operation of the former Redevelopment Agency's programs, within the limits of the statute, and dissolution of its assets. The ROPS recognizes existing obligations of the former Redevelopment Agency as expenditures to be made for the fiscal year relative to the respective ROPS period.
Under the timelines established by AB 1484 and SB 107, the City must annually submit an approved ROPS by February 1 to the Department of Finance (DOF), State Auditor Controller and the County Auditor Controller. Failure to submit the ROPS by the designated deadline can subject the City to $10,000 per day penalty for each day the ROPS is delinquent, per Health & Safety Code section 34177(m)(1)(B).
Discussion
The required filing period for the ROPS 25-26 is July 1, 2025 through June 30, 2026, as required by AB X1 26, AB 1484, and SB 107. The City, acting as the Successor Agency, is responsible for operation of the former Redevelopment Agency's programs, within the limits of the statute, and dissolution of its assets. The ROPS recognizes existing obligations of the former Redevelopment Agency as expenditures to be made for the fiscal year relative to the respective ROP...
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