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OCII workshop previews roughly $12.9M ROPS amendment, cites developer reimbursement request
Summary
At a Sept. 15 workshop the Office of Community Investment and Infrastructure presented proposed amendments to the Recognized Obligation Payment Schedule for Jan.–June 2021, reflecting a roughly $12.9 million growth increment (about $2.1M for Hunters Point Shipyard and $10.8M for transit), and noted a $51.7 million developer reimbursement request with $1.6 million paid to date.
At its Sept. 15 meeting the Office of Community Investment and Infrastructure presented a workshop on amendments to the Recognized Obligation Payment Schedule (ROPS) for Jan. 1–June 30, 2021.
Financial analyst Mina Yu described an updated property-tax estimate that increased the agency’s available non-admin property-tax allocation, leading staff to propose adjustments that in total raise ROPS allocations by roughly…
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