PACKET
JOINT MEETING: CITY COUNCIL AND SUCCESSOR AGENCY
COUNCIL CHAMBERS
613 E. Broadway, 2nd Floor
Glendale, CA 91206
DECEMBER 9, 2025
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DECEMBER 9, 2025
ROLL CALL
-
4:00 PM
-
Report of the City Clerk of the City Council and Successor Agency, re: Posting of Agenda.
The Agenda for the
Tuesday, December 9, 2025
joint public meeting of the City Council and
Financing Authority was posted on December 4, 2025, on the Bulletin Board Outside City
Hall.
A
JOINT PUBLIC MEETING
of the City Council and Successor Agency is hereby
called to meet at
4 :00 PM on
Tuesday, December 9, 2025
, in the Council Chamber, 613 E.
Broadway, 2nd Floor, Glendale, CA 91206 to consider the following item(s) of business, to wit;
1. City Clerk, re: Minutes of the Special Meeting: Glendale Successor Agency of April 1, 2025
2. Community Development, re:
FY 26-27 Recognized Obligation Payment Schedule
(ROPS)
a. Successor Agency Resolution to Adopt Recognized Obligation Payment Schedule for July 2026 through June 2027 (ROPS 26-27) including Administrative Budget for same period
ADJOURNMENT
1 04 01 25 SA
M I N U T E S
SPECIAL MEETING: GLENDALE SUCCESSOR AGENCY
COUNCIL CHAMBERS
613 E. Broadway, 2nd Floor
Glendale, CA 91206
APRIL 1, 2025
The Special Public Meeting of the Glendale Successor Agency convened in the City Hall Council Chambers, in said City, at 3:41 PM, on the above date, pursuant to a call for such meeting signed by the City Clerk of the City Council, and on file with the City Clerk, a copy of which is as follows:
March 28, 2025
Date
Written Notice of said meeting was given, which Notice consisted of a copy of the foregoing Call, and was served on each Member of the Council not joining in the Call, and upon the in said City not less than 24 hours before the time fixed in said Call for said meeting, as follows:
Upon Dan Brotman at 5:00 PM March 28, 2025 Glendale, CA Upon Vartan Gharpetian at 5:00 PM March 28, 2025 Glendale, CA Upon Ardy Kassakhian at 5:00 PM March 28, 2025 Glendale, CA Upon Ara Najarian at 5:00 PM March 28, 2025 Glendale, CA Upon Elen Asatryan at 5:00 PM March 28, 2025 Glendale, CA Mayor Asatryan called the meeting to order at 3:41 PM.
ROLL CALL
- All Present
- Report of the Secretary of the Successor Agency, re: Posting of Agenda. The Agenda for the Tuesday, April 1, 2025, Special Public Meeting of the Successor Agency was posted on March 28, 2025, on the Bulletin Board outside City Hall.
A SPECIAL PUBLIC MEETING of the Successor Agency is hereby called to meet at 2:00 PM on Tuesday, April 1, 2025, in the Council Chamber, 613 E. Broadway, 2nd Floor, Glendale, CA 91206 to consider the following item(s) of business, to wit;
1. Minutes of the Successor Agency Meetings of December 3, 2024, and February 4, 2025.
Moved: Brotman Seconded: Gharpetian
Vote as Follows
Ayes:
Noes:
Absent:
Abstain:
Brotman, Gharpetian, Kassakhian, Najarian, Asatryan
None
None
None
2 04 01 25 SA
2. Closed Session
a. Conference with real property negotiators: Property location – 100 West Glenoaks Blvd. Negotiating parties: Kam Sang Company, Inc. Agency negotiators attending the closed session are: Roubik Golanian, John Takhtalian, Michael J. Garcia, Gillian van Muyden, Bradley Calvert, and Mark Berry. Instructions to the negotiator(s) will concern the price and terms for the sale and release of a restrictive covenant in favor of the Successor Agency Chief Assistant City Attorney, Gillian van Muyden, indicated that action is not anticipated.
Council recessed to Closed Session at 3:42 PM.
ADJOURNMENT By Consensus – 5:00 PM
Mayor of the City of Glendale
City Clerk of the City of Glendale
2 24-86859
CITY OF GLENDALE, CALIFORNIA
REPORT TO THE SUCCESSOR AGENCY
AGENDA ITEM
Report: FY 26-27 Recognized Obligation Payment Schedule (ROPS)
1. Successor Agency Resolution to Adopt Recognized Obligation Payment Schedule for July 2026 through June 2027 (ROPS 26-27) including Administrative Budget for same period
COUNCIL ACTION
Item Type: Action Item
Approved for December 9, 2025 calendar
EXECUTIVE SUMMARY
Each year, the Successor Agency must approve its Recognized Obligation Payment Schedule (ROPS), serving as its next year operating budget. Once approved by the Agency, it is reviewed and considered for approval by the Los Angeles County Consolidated Oversight Board and State Department of Finance (DOF). 22 24-86859
6 5
1 4
RECOMMENDATION
That the Successor Agency adopt a resolution approving the Recognized Obligation Payment Schedule for July 2026 through June 2027 (ROPS 26-27).
ANALYSIS
The Dissolution Act requires a Successor Agency to prepare annual payment schedules known as Recognized Obligation Payment Schedules (ROPS) in order to receive tax increment funding (referred to as Redevelopment Property Tax Trust Fund or “RPTTF”).
The ROPS documents the financial obligations of the Successor Agency and is used as the Agency’s spending plan for the fiscal year (July 1 through June 30).
The ROPS consists of the following four sections:
- Summary – Summarizes the proposed ROPS funding including funding sources, total RPTTF requested, and administrative costs; - ROPS Detail – Details all of the funding items and funding sources for the proposed ROPS;
- Report of Cash Balances – Estimates the cash resources available to fund the proposed ROPS. This spreadsheet complies with a template provided by Department of Finance (DOF) and only reports the fiscal year 23-24 period; and
- Notes - Provides clarifying information about ROPS Detail line items.
Following Successor Agency approval, the ROPS is scheduled to be presented to the Los Angeles County Consolidated Oversight Board on January 8, 2026. It will then be submitted to the State Department of Finance and posted on the Successor Agency's website by February 1, 2026, the statutory deadline.
ROPS FUNDING REQUESTS
The Successor Agency has completed its debt service payments. There are no current obligations for payment except the administrative costs to amend the Disney contract (the Agency’s final contractual obligation) to meet the parameters of the Last & Final request. The ROPS payments noted are best estimates at the time of preparation. Any unspent money is calculated at the end of the ROPS period and reported back to the State. This money is then placed into reserves and spent on obligations on the following year’s ROPS.
STAKEHOLDERS/OUTREACH
Following Successor Agency approval, this item will be presented to the LA County Consolidated Oversight Board on January 8, 2026 and submitted to State Department of Finance (DOF) before February 1, 2026.
FISCAL IMPACT
As summarized on the “Summary” page of ROPS 26-27, the total spending authority 23 24-86859
6 5
1 4
requested is $113,206. All of these funds are currently available in the Agency’s cash reserves, so no new RPTTF is requested.
ENVIRONMENTAL REVIEW (CEQA/NEPA)
This item is considered a ministerial activity and therefore, not subject to CEQA review.
CAMPAIGN DISCLOSURE
This item is exempt from campaign disclosure requirements.
ALTERNATIVES TO STAFF RECOMMENDATION
1. Do not approve the ROPS. This alternative is not recommended because if the ROPS is not submitted to the DOF by February 1, 2026 the penalties to the City are $10,000 per day.
ADMINISTRATIVE ACTION
Submitted by:
Bradley Calvert, Director of Community Development
Prepared by:
Tamar Sadd, Deputy Director of Community Development
Approved by:
Roubik R. Golanian, P.E., City Manager
EXHIBITS/ATTACHMENTS
Exhibit 1: Recognized Obligation Payment Schedule for July 2026 through June 2027 (ROPS 26-27)
Exhibit 2: ROPS 26-27 Administrative Budget
1.docx
RESOLUTION NO. ____
A RESOLUTION OF THE GLENDALE SUCCESSOR AGENCY TO
ADOPT THE RECOGNIZED ENFORCEABLE OBLIGATION PAYMENT
SCHEDULE AND ADMINISTRATIVE BUDGET FOR JULY 1, 2026
THROUGH JUNE 30, 2027 (ROPS 26-27) PURSUANT TO THE
DISSOLUTION ACT
WHEREAS, pursuant to the Community Redevelopment Law (Health and Safety Code Sections 33000 et seq.), the City Council of the City of Glendale (City) created the Redevelopment Agency of the City of Glendale (Agency); and WHEREAS, the Agency has been responsible for implementing the Redevelopment Plans for the Central Glendale Redevelopment Project Area and for the San Fernando Road Corridor Redevelopment Project Area covering certain properties within the City; and
WHEREAS, pursuant to AB x1 26 as amended by AB 1484, and SB 107 (Dissolution Act) on February 1, 2012, all redevelopment agencies were dissolved and replaced by successor agencies established pursuant to Health and Safety Code Section 34173; and
WHEREAS, in compliance with the Dissolution Act, specifically Health & Safety Code (H&SC) section 34177(l)(2)(A), the Successor Agency has prepared a draft Recognized Obligation Payment Schedule (ROPS) containing a list of enforceable obligations and defined administrative costs set forth in compliance with Health & Safety Code section 34171 for the period covering July 1, 2026 through June 30, 2027 (ROPS 26-27); and
WHEREAS, pursuant to the Dissolution Act the ROPS will be submitted to the DOF, State Controller, the County Auditor Controller and County Administrative Office in the form approved by the Consolidated Oversight Board by no later than ninety (90) days prior to the date of property tax distribution; and
NOW, THEREFORE, THE GLENDALE SUCCESSOR AGENCY DOES HEREBY RESOLVE AS FOLLOWS:
Section 1. The recitals set forth above are true and correct and incorporated herein by reference.
Section 2. The Glendale Successor Agency after review and consideration hereby approves the 26-27 ROPS and Successor Agency Administrative Budget for the same period.
Section 3. Pursuant to Health & Safety Code section 34177(l)(2)(B), the Executive Director is hereby authorized and directed to submit the Successor Agency approved ROPS 26-27 and Successor Agency Administrative Budget to the State Department of Finance, State Auditor Controller, the County Auditor Controller, and the County Administrative Officer at the same time ROPS 26-27 is submitted to the Consolidated Oversight Board for approval.
Adopted this ________ day of __________________________, 2026.
1.docx
_________________________
Successor Agency Chair
ATTEST:
_________________________
Successor Agency Secretary
STATE OF CALIFORNIA )
) SS
COUNTY OF LOS ANGELES )
I, Suzie Abajian, Ph.D., Secretary to the Glendale Successor Agency, certify that the foregoing Resolution No. ________ was adopted by the Glendale Successor Agency, Glendale, California, at special meeting held on the __________ day of ________________, 2026, and that same was adopted by the following vote:
Ayes:
Noes:
Absent:
Abstain:
________________________________
Successor Agency Secretary
Recognized Obligation Payment Schedule (ROPS 26-27) - Summary Filed for the July 1, 2026 through June 30, 2027 Period Successor Agency: Glendale
County: Los Angeles
Current Period Requested Funding for Enforceable
Obligations (ROPS Detail)
26-27A Total
(July -
December)
26-27B Total
(January -
June)
ROPS 26-27
Total
A Enforceable Obligations Funded as Follows (B+C+D) $ 54,103 $ 59,103 $ 113,206 B Bond Proceeds - - -
C Reserve Balance - - -
D Other Funds 54,103 59,103 113,206
E Redevelopment Property Tax Trust Fund (RPTTF) (F+G) $ - $ - $ -
F RPTTF - - -
G Administrative RPTTF - - -
H Current Period Enforceable Obligations (A+E) $ 54,103 $ 59,103 $ 113,206 Certification of Oversight Board Chairman:
Name Title
Pursuant to Section 34177 (o) of the Health and Safety
code, I hereby certify that the above is a true and
accurate Recognized Obligation Payment Schedule for
the above named successor agency. /s/
Signature Date
Glendale
Recognized Obligation Payment Schedule (ROPS 26-27) - ROPS Detail July 1, 2026 through June 30, 2027
A B C D E F G H I J K L M N O P Q R S T U V W
Item
#
Project
Name
Obligation
Type
Agreement
Execution
Date
Agreement
Termination
Date
Payee Description Project
Area
Total
Outstanding
Obligation
Retired
ROPS
26-27
Total
ROPS 26-27A (Jul - Dec)
26-27A
Total
ROPS 26-27B (Jan - Jun)
26-27B
Total
Fund Sources Fund Sources
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
$139,912,002 $113,206 $- $- $54,103 $- $- $54,103 $- $- $59,103 $- $- $59,103 17 GC3
OPA/DA
OPA/DDA/
Construction
12/12/
2000
12/12/2032 Walt
Disney
Co.
Tax increment
reimbursement
for Public
Improvements
and Relocation
Costs per OPA/
DA
San
Fernando
128,000,000 N $- - - - - - $- - - - - - $-
18 GC3
OPA/DA
(Reserve
Fund)
OPA/DDA/
Construction
12/12/
2000
12/12/2032 Walt
Disney
Co.
Reserve fund to
setaside tax
increment for
reimbursement
per OPA/DA
San
Fernando
- N $- - - - - - $- - - - - - $-
51 Admin
Costs -
Iron
Mountain
Storage
Admin
Costs
07/01/
2020
06/30/2027 Iron
Mountain
(Datalok)
Contract for
storage of project
files.
Central
Glendale
& San
Fernando
7,000 N $7,000 - - 3,500 - - $3,500 - - 3,500 - - $3,500 52 Auditing
Costs
Dissolution
Audits
07/01/
2020
06/30/2027 TBD Contract for
auditing services
Central
Glendale
& San
Fernando
5,000 N $5,000 - - - - - $- - - 5,000 - - $5,000
73 Project
Specific
Staff
Admin
Costs
12/12/
2000
12/15/2032 Staff Project
Management
costs of 1 Sr.
Development
Officer (Salaries
& Benefits) for
Grand Central
Creative Campus
Project per OPA
& DA
San
Fernando
- N $- - - - - - $- - - - - - $-
83 Admin
Costs -
Salaries
and
Benefits
Admin
Costs
07/01/
2020
06/30/2027 Staff Salary & Benefits
to wind down
Successor
Agency
Central
Glendale
& San
Fernando
23,792 N $23,792 - - 11,896 - - $11,896 - - 11,896 - - $11,896 104 Admin
Costs -
Project
Admin
Costs
07/01/
2020
06/30/2027 City of
Glendale
City Department
support services
for dissolution
Central
Glendale
& San
77,414 N $77,414 - - 38,707 - - $38,707 - - 38,707 - - $38,707
A B C D E F G H I J K L M N O P Q R S T U V W
Item
#
Project
Name
Obligation
Type
Agreement
Execution
Date
Agreement
Termination
Date
Payee Description Project
Area
Total
Outstanding
Obligation
Retired
ROPS
26-27
Total
ROPS 26-27A (Jul - Dec)
26-27A
Total
ROPS 26-27B (Jan - Jun)
26-27B
Total
Fund Sources Fund Sources
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
Costs projects Fernando
153 2011 Tax
Allocation
Bond
(GSA
Portion) -
Projects
Bond
Funded
Project -
2011
07/01/
2020
06/30/2027 City of
Glendale
Bond proceeds
expenditure for
projects in
accordance with
the bond
covenant
Central
Glendale
11,798,796 N $- - - - - - $- - - - - - $-
Glendale
Recognized Obligation Payment Schedule (ROPS 26-27) - Report of Cash Balances July 1, 2023 through June 30, 2024
(Report Amounts in Whole Dollars)
Pursuant to Health and Safety Code section 34177 (l), Redevelopment Property Tax Trust Fund (RPTTF) may be listed as a source of payment on the ROPS, but only to the extent no other funding source is available or when payment from property tax revenues is required by an enforceable obligation.
A B C D E F G H
ROPS 23-24 Cash Balances
(07/01/23 - 06/30/24)
Fund Sources
Comments
Bond Proceeds Reserve Balance Other Funds RPTTF
Bonds issued
on or before
12/31/10
Bonds issued
on or after
01/01/11
Prior ROPS
RPTTF and
Reserve
Balances retained
for future
period(s)
Rent, grants,
interest, etc.
Non-Admin
and Admin
1 Beginning Available Cash Balance (Actual 07/01/23)
RPTTF amount should exclude "A" period distribution
amount.
35 10,660,907 18,113,481 447,118
2 Revenue/Income (Actual 06/30/24)
RPTTF amount should tie to the ROPS 23-24 total
distribution from the County Auditor-Controller
46 612,860 1,207,543 7,211,378
3 Expenditures for ROPS 23-24 Enforceable Obligations
(Actual 06/30/24)
80 301,000 7,524,346
4 Retention of Available Cash Balance (Actual 06/30/24) RPTTF amount retained should only include the amounts
distributed as reserve for future period(s)
11,273,767 17,690,128
5 ROPS 23-24 RPTTF Prior Period Adjustment
RPTTF amount should tie to the Agency's ROPS 23-24 PPA
form submitted to the CAC
No entry required 15,232
6 Ending Actual Available Cash Balance (06/30/24)
C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5)
$1 $- $- $1,329,896 $118,918
Glendale
Recognized Obligation Payment Schedule (ROPS 26-27) - Notes July 1, 2026 through June 30, 2027
Item # Notes/Comments
17 18
51 52
73 83
104
153
PROJECTED ROPS 26-27 Admin Allowance per HSC 34171 (b) (2)-(3) EXHIBIT 2 RPTTF Distribution 24-25A -$
RPTTF Distribution 24-25B -$
25-26 Admin Allowance -$
25-26 City loan -$
Subtotal -$
3% and no less than $250K -$ -$
Admin Costs Annual Per Period
Line 83 - S&B
Deputy Director charge back (5%) 15,578$ 7,789$ Administrative Officer charge back (5%) 8,214$ 4,107$ Total Annual S&B 23,792$ 11,896$
Line 51 - Iron Mountain 7,000$ 3,500$
Line 104 - Internal Services
Consultant Services for enforceable obligation amendment40,000$ 20,000$ Accounting 14,945$ 7,473$
City Attorney 22,468$ 11,234$
Total Internal Services Reimbursement 77,414$ 38,707$ Total Admin Charges 108,205$ 54,103$