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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 project pledges for Transbay and Mission Bay (including $11.7 million for a Transbay housing project and $6.3 million pledged property tax for Mission Bay); administrative staffing and project staffing costs; a $537,000 first‑year CalPERS pension contribution item; and remaining items carried forward from excess bond proceeds. He noted one timing adjustment reduced the ROPS total by $900,000 because an under‑ramp park footing payment will not start until 2016.
Christine Maher, Development Services Manager, reviewed asset‑management obligations that remain with OCII during the transition: continuing payments and potential termination/transfer steps for South Beach Harbor and port leases, Shoreview Park property management and capital improvements ($1.5 million), the Fillmore Heritage Center garage (increased operating deficit and reserves due to a major tenant closure) and ongoing payments related to Jessie Square Garage and the Mexican Museum site until transfers close under earlier disposition and development agreements.
Commissioners focused questions on Western Addition obligations, security and management of transferred properties, and which city departments now have responsibility for specific assets. Staff said multiple city agencies (Department of Real Estate, OEWD, Public Works, Mayor's Office of Housing) will be involved; OCII’s role is limited to maintaining assets and supporting transfers under dissolution rules. Staff said Oversight Board action is scheduled for Feb. 23 and that the Department of Finance response is due by April 10.
Commissioners expressed concern about cost exposure and requested further community‑engagement or planning approaches to address losses in districts such as Fillmore. There was no action taken in the workshop; staff said they will return with more detailed budget spending authority for April and to the Board of Supervisors in June if required.
