City Council

H. Recognized Obligation Payment Schedule (ROPS) Submittal – July 2026 Through June 2027 The Department of Finance requires the Recognized Obligation Payment Schedule for the period July 1, 2026, through June 30, 2027, be submitted to the Department of Finance by February 1, 2026.  Prior to that, the ROPS must be reviewed and approved by the Los Angeles County Consolidated Oversight Board.  The deadline for submitting the ROPS to the Oversight Board is mid-December 2025. Recommendation: That the Rosemead Successor Agency Board take the following actions: 1. Adopt Resolution No. 2025-01 SA, entitled:  A RESOLUTION OF THE SUCCESSOR AGENCY TO THE ROSEMEAD COMMUNITY DEVELOPMENT COMMISSION APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULES FOR THE PERIOD OF JULY 1, 2026 THROUGH JUNE 30, 2027; and 2. Direct that staff submit the ROPS to the Los Angeles County Consolidated Oversight Board. Staff Report