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
Motion · Official minutes
Approve consent calendar
7 aye · 0 nay
Related agenda records
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Successor Agency ROPS 16-17
Adopted Resolution No. 19-1, approving the Successor Agency to the Richmond Community Redevelopment Agency's Recognized Obligation Payment Schedule and an administrative budget for the period July 1, 2019, through June 30, 2020
Successor Agency ROPS 21-22
Successor Agency ROPS approval
Approval of the Recognized Obligation Payment Schedule (ROPS 25-26) and the Administrative Budget for the period July 1, 2025 through June 30, 2026