Oversight board approves amended ROPS to reimburse Rancho Mirage for $3.34 million bond payment

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 fiscal 2025–26 but staff later discovered a $3,340,000 debt‑service payment on a 2003 subordinated tax allocation bond was not included in the original schedule. "The error was that a $3,340,000 in debt service payment for the 2003 subordinated tax allocation bond was not included on the original ROPS," Antebohm said. He said the amendment seeks to reimburse the city for the front‑ended payment.

Board members asked clarifying questions about the omission and the mechanics of reimbursement. After discussion, a board member moved to forward the amended ROPS and a second was recorded; the clerk recorded a unanimous roll call in favor. The board’s staff memo identifies the item as CEQA exempt. The motion as recorded in the meeting minutes was to forward the item for the board’s recommended action; the record does not specify subsequent administrative steps beyond the board’s forwarding action.

The vote was unanimous: Chuck Washington, Chris Gary, Russ Martin, Doctor, and Topher Taylor all voted yes. The board did not receive public comment on the item.

Next steps: the board forwarded the amended ROPS as reflected in the meeting record; any administrative processing beyond that forwarding was not specified in the transcript.