City Council

H. Approval of Annual Recognized Obligation Payment Schedule (ROPS) and Administrative Budget\nRecommended Action\nStaff recommends that the Redevelopment Successor Agency:\n1.        Adopt a finding of no possibility of significant effect pursuant to Section 15061(b)(3) of\nthe California Environmental Quality Act (CEQA) Guidelines, and\n2.        Adopt resolutions approving the Santa Monica Redevelopment Successor Agency’s\nrecognized obligation payment schedule and administrative budget for July 1, 2026\nthrough June 30, 2027.\na. SA Attachment A - ROPS 26-27\nb. SA Attachment B - ROPS 26-27 - Admin Budget\nc. SA Attachment C - Letter from DOF\nd. SA Attachment D - Credit Agreement\ne. SA Attachment E - BofA Letter (2022)\nf. SA Attachment F - BofA letter (2024)