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Council approves FY 2024–25 ROPS; successor agency to submit schedule to oversight board
Clear Lake City Council · January 18, 2024
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Summary
Acting as the successor agency, the council approved the FY 2024–25 Recognized Obligation Payment Schedule; staff said the largest expense continues to be outstanding bonds of roughly $12.5 million and the schedule will be submitted to the Lake County Oversight Board and State Department of Finance.
The Clear Lake City Council, sitting as the successor agency to the former Clear Lake redevelopment agency, unanimously approved the Recognized Obligation Payment Schedule (ROPS) for the 2024–25 fiscal period.
Director of Finance (speaker 21) told…
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