ADMINISTRATIVE REPORT
MEETING DATE: July 15, 2026 AGENDA CATEGORY: Consent -Successor Agency
TO: Honorable Mayor and City Council
FROM: Randy McKeegan, Finance Director
DATE: July 1, 2026
SUBJECT: Receive and file Successor Agency payments from June 10, 2026, to June 30, 2026 in the amount of $459,650.75.
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 wh ich summarizes the transactions processed during the above-mentioned period. Additional details are provided below for each transaction.
Check #9998584 to THE BANK OF NEW YORK MELLON for $459,650.75 is for debt service payments.
FISCAL IMPACT:
$459,650.75
COUNCIL GOAL:
Innovative and Efficient City Government
ATTACHMENTS:
Oracle SA Admin Check Register 7.15