City Council

H.\nRecognized Obligation Payment Schedule (ROPS) Submittal – July 2026 Through\nJune 2027 The Department of Finance requires the Recognized Obligation\nPayment Schedule for the period July 1, 2026, through June 30, 2027, be\nsubmitted to the Department of Finance by February 1, 2026.  Prior to that, the\nROPS must be reviewed and approved by the Los Angeles County Consolidated\nOversight Board.  The deadline for submitting the ROPS to the Oversight Board is\nmid-December 2025.\nRecommendation: That the Rosemead Successor Agency Board take the following\nactions:\n1.\nAdopt Resolution No. 2025-01 SA, entitled:  A RESOLUTION OF THE\nSUCCESSOR AGENCY TO THE ROSEMEAD COMMUNITY DEVELOPMENT\nCOMMISSION APPROVING THE RECOGNIZED OBLIGATION PAYMENT\nSCHEDULES FOR THE PERIOD OF JULY 1, 2026 THROUGH JUNE 30, 2027;\nand\n2.\nDirect that staff submit the ROPS to the Los Angeles County Consolidated\nOversight Board.\nStaff Report