Title
Recommendation to Authorize the Interim City Manager to Submit the Recognized Obligation Payment Schedule (ROPS) and Administrative Budget for the Period from July 1, 2026 to June 30, 2027 to the Countywide Oversight Board. (City Manager)
Body
To: Honorable Chair and Members of the Successor Agency to the Community Improvement Commission of the City of Alameda
From: Adam Politzer, Interim City Manager
EXECUTIVE SUMMARY
Staff recommends authorizing the Interim City Manager to submit the Recognized Obligation Payment Schedule (ROPS 2026-27) and Administrative Budget for the period from July 1, 2026 to June 30, 2027 to the County of Alameda Countywide Oversight Board (Countywide Oversight Board). Once the Countywide Oversight Board and California Department of Finance (DOF) approve the ROPS, the Successor Agency to the Community Improvement Commission (CIC) of the City of Alameda (Successor Agency) can pay its financial obligations for Fiscal Year (FY) 2026-27.
BACKGROUND
State Law enacted by Assembly Bill X126 (2011), as modified by Assembly Bill 1484 (2012), and Senate Bill 107 (2015), dissolved all redevelopment agencies in California and established successor agencies to administer remaining obligations of the former redevelopment agencies. The City of Alameda (City) serves as the Successor Agency to Alameda's former redevelopment agency and the City Council serves as the Successor Agency Board (collectively, Successor Agency).
The Successor Agency is obligated to prepare a Recognized Obligation Payment Schedule (ROPS) for each fiscal year listing all enforceable obligations payable, and the source of their payment, during that twelve-month period. The Successor Agency can only pay obligations listed on the ROPS schedule approved by the Countywide Oversight Board and DOF. The Countywide Oversight Board is scheduled to consider the ROPS on January 23, 2026. The ROPS will then be submitted to DOF prior to the February 1 statutory deadline.
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