Monterey Park

City Council

November 15, 2023 Order of Business 3 #D

Agenda Item D

3-D. RESOLUTION ADOPTING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE AND\nADMINISTRATIVE BUDGET FOR JULY 1, 2024 – JUNE 30, 2025\nIt is recommended that the City Council consider:\n(1) Adopting a resolution approving the Recognized Obligation Payment Schedule (ROPS 24-\n25 A&B) for the period between July 1, 2024 – June 30, 2025; and\n(2) Approving the Successor Agency Administrative Budget for July 1, 2024 – June 30, 2025;\n(3) Directing staff to post and transmit the ROPS and Administrative Budget to the appropriate\npublic agencies; and\n(4) Taking such additional, related, action that may be desirable.