Approve payment schedule for dissolved redevelopment agency's remaining debts

Redevelopment Agency DebtsBudgetSuccessor Agency

Resolution 17-1

In Plain English

California dissolved all redevelopment agencies in 2012, but their debts remain. The city created a successor agency to pay off these old obligations using property tax revenue. This schedule lists which debts the successor agency will pay from July 2017 through June 2018.

Auto-generated summary. Source: official agenda documents.

Votes

Approve consent calendar

Moved by: Councilmember MyrickSeconded by: Vice Mayor Beckles
Passed

7 to 0

Thomas K. ButtAye
Ben ChoiAye
Eduardo MartinezAye
Gayle McLaughlinAye
Jael MyrickAye
Melvin WillisAye
Jovanka BecklesAye