Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
ROPS amendment workshop: staff seeks $53.24 million revenue increase for housing and infrastructure
Summary
At a workshop, staff proposed an amendment to the Recognized Obligation Payment Schedule (ROPS) that would reflect a $53,240,000 increase in available redevelopment tax increment (RPTTF non-admin) to support affordable housing pledges and reimbursements to developers; oversight board action and Department of Finance review are next.
Staff presented a workshop on an amendment to the Recognized Obligation Payment Schedule (ROPS) for the period 01/01/2020 to 06/30/2020 and described a proposed increase in recognized revenues that would fund infrastructure and affordable-housing obligations in OCII project areas. "The total requested increase is 53,240,000.00," Mina Yu, financial reporting and management analyst for OCII, told commissioners.
Yu said the amendment reflects updated assessor rolls and…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
