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OCII holds ROPS workshop as staff outline $498 million spending authority and asset‑management obligations
Summary
At a workshop on the Recognized Obligation Payment Schedule (ROPS 15‑16A), OCII staff presented a consolidated ROPS totaling about $498 million, highlighting major property tax requests, debt service, housing pledges for Transbay and Mission Bay, and asset management liabilities (South Beach Harbor, Shoreview Park, Western Addition obligations). Commissioners pressed for more clarity on Western Addition legal options and timeline.
The Commission on Community Investment and Infrastructure held a workshop on Feb. 17 to review the Recognized Obligation Payment Schedule (ROPS) for July 1, 2015 to Dec. 31, 2015 (ROPS 15‑16A). Leo Levinson, Deputy Director for Finance and Administration, said the consolidated ROPS total is approximately $498 million (revised from $499 million in the memo) and includes $42 million in bond proceeds, about $49.5 million requested from property tax, and roughly $407 million in other funds and pass‑through items.
Levinson outlined major categories: approximately $24.9 million in debt service tied to recently refunded bonds; housing…
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