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OCII details ROPS 2017‑18 amendment and financing changes, including bond refundings and Folsom Streetscape funding
Summary
OCII staff presented amendments to the 2017‑18 Recognized Obligation Payment Schedule to reflect additional bond proceeds, increased project costs for Folsom Streetscape, modular housing predevelopment, and timing changes that keep RPTTF non‑admin revenue‑neutral.
OCII staff reviewed proposed amendments to the Fiscal Year 2017‑18 Recognized Obligation Payment Schedule (ROPS) during the Sept. 19 meeting, describing changes tied to bond refundings, construction cost updates and reconciliations to the agency work plan.
Deputy Director for Finance explained the agency is requesting additional authority across multiple funding sources to reflect updated financing choices and development partner cost estimates. Key elements noted included…
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