City Council

18. Approval of the 2024-25 Recognized Obligation Payment Schedule (ROPS)\nand Corresponding 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, 2024 – June\n30, 2025 and approving of the Successor Agency Administrative Budget for\nthe fiscal year 2024-25.\nResolution No. _____ A RESOLUTION OF THE SUCCESSOR AGENCY\nTO THE PICO RIVERA REDEVELOPMENT AGENCY, ESTABLISHING\nTHE RECOGNIZED OBLIGATION PAYMENT SCHEDULE 2024-25 FOR\nJULY 1, 2024 THROUGH JUNE 30, 2025, APPROVING THE\nEXPENDITURE OF RESERVE AND OTHER FUNDS, APPROVING THE\nRESERVE OF FUNDS, AND APPROVING THE ADMINISTRATIVE\nBUDGET FOR THE FISCAL YEAR 2024-25