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Oversight board signs off on Vacaville successor agency ROPS, $250,000 admin request
Summary
The board approved Vacaville's Recognized Obligation Payment Schedule (ROPS) for July 2025–June 2026, noting no new obligations; the city requested $250,000 for administrative costs and about $2.3 million in RPTTF funding, with the successor agency applying about $2.9 million of accumulated funds to offset obligations.
Tamara Colton presented the Vacaville successor agency's ROPS for 07/01/2025 through 06/30/2026 and emphasized there were no new obligations included. She said the administrative cost requested is $250,000 and the total to be funded from the Redevelopment Property Tax Trust Fund (RPTTF) is approximately $2.3 million; the agency intends to apply about $2.9 million from accumulated funds such as rents and loan payments to offset enforceable obligations.
Board members asked clarifying questions about the calculations included in the attachments. After discussion, a motion to approve the ROPS passed by roll call, 6-0.
The approval maintains the agency's payment schedule and administrative allowance for the coming ROPS period.
