To: Successor to the Contra Costa County Redevelopment Agency
From: John Kopchik, Director, Conservation and Development
Report Title: ROPS 2024-25
?Recommendation of the County Administrator ? Recommendation of Board Committee
RECOMMENDATIONS:
ADOPT a resolution approving the Recognized Obligation Payment Schedule ("ROPS 24-25") for the period of July 1, 2024, through June 30, 2025.
FISCAL IMPACT:
No impact to the General Fund. Since the Contra Costa County Redevelopment Agency dissolved (the "Dissolved RDA"), the tax allotment is now deposited in the Redevelopment Property Tax Trust Fund ("RPTTF"), which is administered by the County Auditor-Controller. Distributions are made semi-annually from the RPTTF to the Successor Agency by the County Auditor-Controller 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.
BACKGROUND:
This resolution adopts ROPS 24-25, which is included as Exhibit A to this report. After adoption by the Successor Agency, ROPS 24-25 will be submitted to the Countywide Oversight Board for approval. The Oversight Board is scheduled to meet on January 29, 2024. As required under Health and Safety Code Section 34179.6, ROPS 24-25 will be submitted to the State Controller's Office, Department of Finance (DOF) and the County Auditor-Controller and will be posted on the Successor Agency's website. The DOF must receive ROPS 24-25 no later than February 1, 2024.
ROPS 24-25 authorizes all payments to be made by the Successor Agency for enforceable obligations for the twelve-month time period between July 1, 2024, and June 30, 2025. The payments noted on the ROPS are estimates. In most cases, assumptions made for ROPS 24-25 were based on actual exp...
Click here for full text