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OCII presents $12.2 million amendment to ROPS to cover delays, museum grant extension and housing cost increases
Summary
OCII staff briefed the commission on a proposed amendment to the Recognized Obligation Payment Schedule totaling $12.2 million, driven by added bond proceeds needs for the Mexican Museum and affordable housing, higher other fund requests due to supply-chain and storm-related repairs, and a small $68,000 increase in RPTTF non-admin.
OCII staff presented a workshop on Sept. 20 proposing five amendments to the Recognized Obligation Payment Schedule (ROPS) for the period Jan. 1 through June 30, 2023, totaling $12.2 million in changes.
Budget project manager Mina Yu said the largest driver is carrying forward funds and using additional bond proceeds for the Mexican Museum after staff secured a grant extension; that item accounts for $6.8 million of the total…
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