REQUEST FOR CITY COUNCIL ACTION
SUBMITTED TO: Honorable Chair and Board Members
SUBMITTED BY: Travis Hopkins, Executive Director
VIA: Zack Zithisakthanakul, Assistant Chief Financial Officer
PREPARED BY: Ian Wuh, Finance Manager
Subject:
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Adopt Successor Agency Resolution Nos. 2025-04 and 2025-03 approving the Recognized Obligation Payment Schedule (ROPS) and Administrative Budget for the Huntington Beach Successor Agency for the period of July 1, 2026, through June 30, 2027, in accordance with Health and Safety Code Section 34177 and related actions
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Statement of Issue:
The Successor Agency is requested to approve the Recognized Obligation Payment Schedule (ROPS) and Administrative Budget for the period of July 1, 2026, through June 30, 2027. An approved ROPS must be submitted to the County of Orange Oversight Board by January 12, 2026, and then to the Department of Finance (DOF) by February 1, 2026. This is the seventh year that the Successor Agency is submitting the annual ROPS to the Countywide Oversight Board.
Financial Impact:
The ROPS provides the County Auditor-Controller with the amount of the former Redevelopment Agency's enforceable obligations for which the Successor Agency anticipates incurring expenditures. Once approved by DOF, the Successor Agency will be entitled to receive property tax revenue up to the amount of the DOF-approved enforceable obligations included in the Payment Schedule. The ROPS requests $13,086,714 in funds to support existing legally required enforceable obligations for FY 2026/27.
Recommended Action:
recommendation
A) Adopt Resolution No. 2025-04, "A Resolution of the Successor Agency to the Redevelopment Agency of the City of Huntington Beach Approving the Recognized Obligation Payment Schedule for the Period July 1, 2026 - June 30, 2027 ('ROPS 26-27');" and
B) Adopt Resolution No. 2025-03, "A Resolution of the Successor Agency to the Redevelopment Agency of the City of Huntington Beach Approv...
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