ADMINISTRATIVE REPORT
MEETING DATE: February 25, 2026 AGENDA CATEGORY: Consent - Successor Agency
TO: Honorable Mayor and City Council
FROM: Randy McKeegan, Finance Director
DATE: February 11, 2026
SUBJECT: Receive and file Successor Agency payments from January 28, 2026, to February 10, 2026, in the amount of $14,500.00.
[Document Description]
RECOMMENDATION:
Staff recommends report be received and filed.
BACKGROUND:
The City administers payment of Successor Agency enforceable obligation payments as authorized by the State Department of Finance (DOF) to further the dissolution of the former Bakersfield Redevelopment Agency. The Successor Agency has a Recognized Obligation Payment Schedule (ROPS) approved by both the Bakersfield Oversight Board and the DOF. All payments of the Successor Agency must be on this approved listing in order to be valid and authorized payments of the Successor Agency.
A check register is provided which summarizes the transactions processed during the above referenced period. Additional details are provided below for each transaction.
Check #9998534 to U S BANK TRUST for $14,500.00 for Debt servi ce payments for Tax Allocation Bonds series 2009B.
FISCAL IMPACT:
$14,500.00
COUNCIL GOAL:
Innovative and Efficient City Government
ATTACHMENTS:
Oracle SA Admin Check Register 2.25.26