Monterey Park

City Council

3-D. RESOLUTION ADOPTING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE AND ADMINISTRATIVE BUDGET FOR JULY 1, 2024 – JUNE 30, 2025 It is recommended that the City Council consider: (1) Adopting a resolution approving the Recognized Obligation Payment Schedule (ROPS 24- 25 A&B) for the period between July 1, 2024 – June 30, 2025; and (2) Approving the Successor Agency Administrative Budget for July 1, 2024 – June 30, 2025; (3) Directing staff to post and transmit the ROPS and Administrative Budget to the appropriate public agencies; and (4) Taking such additional, related, action that may be desirable.