Approve payment schedule for former redevelopment agency debts
Resolution 18-1
In Plain English
Richmond dissolved its redevelopment agency in 2012 but still owes money on old projects. The successor agency created this payment plan covers $2.1 million in bond payments and administrative costs through June 2019. If approved, the city continues paying off these inherited debts as required by state law.
Auto-generated summary. Source: official agenda documents.
Votes
Approve consent calendar
7 to 0
Community Discussion
This discussion was submitted to the City Clerk as part of the public record.
Comments are submitted to the Richmond City Clerk before the meeting. By commenting, you agree to have your name and comment included in the public record.
Similar Discussions
5 related items found by meaning
Approve payment schedule for dissolved redevelopment agency's remaining debts
Approve payment schedule for former redevelopment agency debts through June 2020
Approve budget for successor agency managing old redevelopment debts
Approve debt payment schedule for former redevelopment agency
Approve $21 million annual payment schedule for former redevelopment agency debts
The Story So Far
Related items from other meetings
Approve $7.2 million contract with county for animal control services through 2030
Extend electric bikeshare contract through June 2027 for $390,000
Approve $29,690 contract for Ferry Point Pump Station engineering services
Review draft 2026-27 city budget and 5-year capital improvement plan
Receive presentation from BART Director on service improvements and budget crisis
Hire Dalberg Advisors to help with limited-term revenue community engagement
Extend electric bike share contract through June 2025 for $390,000
Accept $9,000 state grant for summer library lunch program
Receive 4 February financial reports on investments, overtime costs, property taxes, and retirement benefits
Accept $10,000 Carnegie Corporation gift for library history room and museum