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Council approves ROPS payment schedule; former redevelopment agency bonds noted
Clear Lake City Council · January 19, 2023
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Summary
Acting as successor agency, the council approved the Recognized Obligation Payment Schedule for FY 2023–24, reporting the largest expense as the annual bond payment with about $13.5 million outstanding; the ROPS will be presented to the Lake County Oversight Board and submitted to the State Department of Finance.
The council, sitting as the successor agency to the former Clear Lake Redevelopment Agency, approved the Recognized Obligation Payment Schedule (ROPS) for fiscal year 2023–24 at the Jan. 19 meeting.
Director Wells explained the ROPS is required as part…
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