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Item No.: 9.1(b)
DRAFT--Contact the Office of the City Clerk at (408)535-1260 or [email protected] for final document.
SUCCESSOR AGENCY
RESOLUTION NO. ______________
A RESOLUTION OF THE SUCCESSOR AGENCY TO THE
REDEVELOPMENT AGENCY OF THE CITY OF SAN JOSE
APPROVING THE RECOGNIZED OBLIGATION PAYMENT
SCHEDULE 2025-26 AND AUTHORIZING PAYMENT OF
EXPENDITURES FOR ITEMS ON ROPS 2025-26, WHICH
DETAILS THE OBLIGATIONS OF THE SUCCESSOR
AGENCY FOR THE PERIOD OF JULY 1, 2025 THROUGH
JUNE 30, 2026
WHEREAS, pursuant to Redevelopment Dissolution Law, the Successor Agency to the Redevelopment Agency of the City of San José (“Successor Agency”) is required to submit a Recognized Obligation Payment Schedule (“ROPS”) to the County of Santa Clara Countywide Oversight Board (“Countywide Oversight Board”) and the California Department of Finance (“DOF”) for approval every fiscal year; and
WHEREAS, Successor Agency staff has prepared a ROPS for the period of July 1, 2025 through June 30, 2026 (“ROPS 25-26”); and
WHEREAS, the County Auditor-Controller (“CAC”) is authorized, but not required, to review the ROPS and transmit objections to any items not demonstrated to be enforceable obligations to the Successor Agency, Countywide Oversight Board, or DOF; and
WHEREAS, on January 13, 2025, the CAC sent via email a Notice of No Objection for the ROPS 25-26, as detailed in the letter from CAC attached hereto; and
WHEREAS, on March 21, 2025, the DOF sent via email a Final Determination Letter, attached hereto, of enforceable obligations listed on the ROPS 25-26 and approval of Redevelopment Property Tax Trust Fund (“RPTTF”) funding; and NVF:KWF:CLS
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Item No.: 9.1(b)
DRAFT--Contact the Office of the City Clerk at (408)535-1260 or [email protected] for final document.
WHEREAS, pursuant to Redevelopment Dissolution Law, not more than once per ROPS period, a successor agency may submit an amendment to the current ROPS approved by the DOF;
NOW, THEREFORE, BE IT RESOLVED BY THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF SAN JOSE that:
The Recognized Obligation Payment Schedule 25-26, as attached hereto, is hereby approved and payment of expenditures for items on the ROPS 25-26, which details the obligations of the Successor Agency for the period of July 1, 2025 through June 30, 2026, is hereby authorized.
ADOPTED this _____ day of ___________, 2025, by the following vote:
AYES:
NOES:
ABSENT:
DISQUALIFIED:
MATT MAHAN
Chairperson
ATTEST:
TONI J. TABER, MMC
Secretary
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Item No.: 9.1(b)
DRAFT--Contact the Office of the City Clerk at (408)535-1260 or [email protected] for final document.
Attachment A
ROPS 25-26
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Item No.: 9.1(b)
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