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Los Banos successor agency adopts payment schedule for obligations tied to former redevelopment activities
Summary
The successor agency adopted Resolution No. 25 2025-1 approving the Recognized Obligation Payment Schedule (ROPS) and administrative budget for fiscal year 2025–26; staff said remaining obligations include administration, a bond tied to the community center, fiscal agent fees and lighting/landscape assessments.
The Los Banos Successor Agency approved a recognized obligation payment schedule (ROPS) and administrative budget for fiscal year 2025–26, the agency reported during the Jan. 15 meeting.
Finance consultant Brent Kuhn summarized the ROPS, saying the successor agency’s remaining obligations are limited and primarily include administrative costs, a…
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