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OCII reviews ROPS 2019–20; staff outlines $403.7M plan, new bond issuances and program priorities
Summary
OCII staff presented the Recognized Obligation Payment Schedule (ROPS) for July 2019–June 2020, detailing a $403.7M plan, two proposed new bonds ($25.3M housing, $15.3M infrastructure), and $132.5M in affordable housing allocations; the item was informational and no commission vote was required.
OCII commissioners received an informational workshop Jan. 15 on the Recognized Obligation Payment Schedule (ROPS) for July 1, 2019 through June 30, 2020. Mina Yu, financial reporting and management analyst, presented ROPS 19–20 and answered commissioner questions on funding sources, bond plans and community‑benefit allocations.
Yu said ROPS 19–20 totaled $403.7 million with five funding buckets: bond proceeds, reserve funds (due‑diligence balances), developer payments/grants/other funds, RPTTF non‑admin (redevelopment property tax trust fund for enforceable obligations), and RPTTF admin (administrative cost allowance). She said the largest component is bond…
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