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Oversight board approves amended ROPS to reimburse Rancho Mirage for $3.34 million bond payment
Summary
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.
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.
Kofi Antebohm, director of administrative services for the City of Rancho Mirage, told the board the Department of Finance had approved the city's ROPS for…
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