City Council

11. Approval of the 2025-26 Recognized Obligation Payment Schedule and\nCorresponding Administrative Budget. (700)\nRecommendation:\n1. Approve a resolution of the Successor Agency to the Pico Rivera\nRedevelopment Agency (Successor Agency) approving the Recognized\nObligation Payment Schedule (ROPS) for the period of July 1, 2025 – June\n30, 2026 (ROPS 2025-26) and approving of the Successor Agency\nAdministrative Budget for the fiscal year (FY) 2025-26.\nResolution No._____ A RESOLUTION OF THE SUCCESSOR AGENCY TO\nTHE REDEVELOPMENT AGENCY, ESTABLISHING THE RECOGNIZED\nOBLIGATION PAYMENT SCHEDULE 2025-26 FOR JULY 1, 2025,\nTHROUGH JUNE 30, 2026, APPROVING THE EXPENDITURE OF\nRESERVE AND OTHER FUNDS, AND APPROVING THE\nADMINISTRATIVE BUDGET FOR FISCAL YEAR 2025-26\nWater Authority: