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OCII workshop on ROPS amendment: staff says proposed changes are small; public raises Fillmore concerns
Summary
At a workshop on the Recognized Obligation Payment Schedule, OCII staff described modest funding source shifts and a small net increase to ROPS; public speakers urged more transparency and questioned whether redevelopment benefits Fillmore residents.
The Office of Community Investment and Infrastructure held a workshop Aug. 24 on an amendment to the Recognized Obligation Payment Schedule (ROPS) covering Jan. 1–June 30, 2019 and the successor agency administrative budget. Breema Hoarder, deputy director for finance and administration, told commissioners the proposed changes are small relative to the current ROPS and remain within existing budget authority.
Hoarder described ROPS funding sources—bond proceeds, reserve balances, property tax increment (RPTTF) and developer reimbursements—and said the amendment’s requested increases total roughly $9.2 million compared with an approved ROPS figure staff cited as about $507 million. She said bond proceeds would decrease by about $2 million while reserve balances would rise by about $7 million because OCII planned to use Mission Bay pledged property tax increment to fund Mission Bay 6 West. Hoarder noted that most of the increases reflect project costs that are reimbursed by developers and said the net fiscal impact on the agency is limited.
Hoarder also reviewed timing and compliance steps: OCII will present ROPS materials to the oversight board at a workshop on Sept. 10, return for action Sept. 24, and submit the proposed amendment to the Department of Finance on Sept. 30; the Department of Finance will have approximately 15 days to respond before the January property tax distribution that funds the ROPS cycle.
During public comment, Ace Washington criticized redevelopment’s effects on the Fillmore neighborhood and demanded a community briefing and a walking tour with commissioners; he warned he would pursue state-level intervention if the community's concerns were not addressed, saying, "Stop the ROPS, or else find out where the hell this money going to?" Commissioners asked for additional details. Commissioner Seaman asked about interest rates and outstanding debt; Hoarder said tax‑exempt bond rates have been around 4% in recent years, OCII’s outstanding portfolio is about $1 billion, and current year debt service is a little over $100 million. The workshop generated questions and feedback but no binding action; staff will incorporate commissioner and oversight‑board feedback before formal submission.
