Oversight board approves amended ROPS to reimburse Rancho Mirage for $3.34 million bond payment
The Riverside County Countywide Oversight Board unanimously approved an amendment to the Recognized Obligation Payment Schedule (ROPS) that will reimburse the City of Rancho Mirage for a $3,340,000 debt‑service payment omitted from its original ROPS filing; the board moved to forward the amendment after a staff presentation and brief questioning.
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The Riverside County Countywide Oversight Board unanimously approved an amended Recognized Obligation Payment Schedule (ROPS) to reimburse the City of Rancho Mirage for a debt‑service payment the city said was inadvertently omitted from its earlier filing.
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