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Last modified
12/26/2023 10:55:21 AM
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12/26/2023 10:55:18 AM
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General
Department
City Clerk
General - Type
Resolutions
General 2 - Date
12/19/2023
Number
55
Description
approve submission of recognized obligation payment schedule for July 1, 2024 to June 30, 2025.
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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />RESOLUTION NO. 55 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RIVERSIDE, <br />CALIFORNIA, AS SUCCESSOR AGENCY TO THE REDEVELOPMENT <br />AGENCY OF THE CITY OF RIVERSIDE APPROVING THE SUBMISSION <br />OF THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR <br />JULY 1, 2024 THROUGH JUNE 30, 2025. <br />WHEREAS, pursuant to Health & Safety Code section 34177, the City of Riverside as <br />Successor Agency to the Redevelopment Agency of the City of Riverside ("Successor Agency") is <br />required to prepare a Recognized Obligation Payment Schedule ("ROPS") for each fiscal year; and <br />WHEREAS, each ROPS must include the amount and funding source for all payments required <br />during the period for all enforceable obligations of the Successor Agency; and <br />WHEREAS, pursuant to Health and Safety Code Section 34186(a), the ROPS for the period <br />covering July 1, 2024 through June 30, 2025 ("ROPS 24-25") includes all payments required and a <br />reconciliation of the estimated enforceable obligations versus the actual payments made under prior <br />ROPS; and <br />WHEREAS, upon approval by the Countywide Oversight Board, the ROPS 24-25 will be <br />submitted to the County Auditor -Controller, the State Controller's Office, and the Department of <br />Finance in addition to posting it on the Successor Agency section of the City's website. <br />NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Riverside, <br />California, as the Successor Agency to the Redevelopment Agency of the City of Riverside, as follows: <br />Section 1: Pursuant to Health & Safety Code section 34177, the Successor Agency to the <br />Redevelopment Agency of the City of Riverside does hereby approve and adopt the ROPS 24-25 and <br />upon approval of the same by the Countywide Oversight Board, is directed to transmit ROPS 24-25 <br />to the County Administrative Officer, the County Auditor -Controller, the Department of Finance, and <br />post the same on the City's website. <br />// <br />// <br />// <br />// <br />// <br />
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