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Council approves last-and-final ROPS allowing successor agency bond payments through 2041
Summary
The Atascadero City Council, acting as the redevelopment successor agency, unanimously approved a last-and-final Recognized Obligation Payment Schedule that authorizes payment of remaining obligations on refunding bonds and other items through fiscal year 2041, totaling about $21.5 million.
The Atascadero City Council, sitting in its capacity as the successor agency to the former redevelopment agency, unanimously approved a "last and final" Recognized Obligation Payment Schedule (ROPS) that authorizes payments on remaining bond obligations through fiscal year 2041.
Administrative Services Director Jeri Rangel presented the report and said the last-and-final ROPS covers obligations from 07/01/2026 through 06/30/2041. "The total amount of outstanding obligations from 2026 to 2041 on the…
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