SUC – 2025-01 SA – A Resolution of the Successor Agency to the Rosemead Community Development Commission Approving the Recognized Obligation of Payment Schedules For the Period July 1, 2026 Through June 30, 2027RESOLUTION NO. 2025-01 SA
A RESOLUTION OF THE SUCCESSOR AGENCY TO THE ROSEMEAD
COMMUNITY DEVELOPMENT COMMISSION APPROVING THE
RECOGNIZED OBLIGATION PAYMENT SCHEDULES FOR THE
PERIOD OF JULY 1, 2026 THROUGH NNE 30, 2027
HT LEAS, pursuant to California Health and Safety Code Section 34179 (q),
commencing oa and after July 1, 2018, the County of Los Angeles shall have five consolidated
_-oversight boards erieompassing five supervisorial districts;
WHEREAS, the First Supervisorial District Consolidated Oversight Board (Oversight
RQW).b.as juiisdiction over the Successor Agency to the Former Redevelopment Agency to the
City=of Rosemead;
WHEREAS, Section 34177 requires each Successor Agency to prepare a draft
Recognized Obligation Payment Schedule (ROPS) and section 34180 requires the First
Supervisorial District Consolidated Oversight Board to approve same;
WHEREAS, Section 34177 provides that each ROPS shall be forward looking to the
next full year;
WHEREAS, Section 34177 requires that the ROPS be transmitted to the County
Auditor -Controller, the State Controller and the State Department of Finance;
WHEREAS, notwithstanding the sequencing contemplated in section 34177, the
Department of Finance (DOF) is requesting the ROPS be considered by the Oversight Board and
transmitted to the DOF no later than February 1, 2026;
WHEREAS, the County will not make any payments of property taxes to the Successor
Agency for use in payment of the obligations listed on the ROPS until the ROPS has been
approved by the Oversight Board. Any delay in payment could impair the Successor Agency's
ability to make payments for the enforceable obligations; and
WHEREAS, the Successor Agency prepared draft ROPS for the period July 1, 2026
through June 30, 2027 is attached hereto.
NOW THEREFORE, THE SUCCESSOR AGENCY TO THE ROSEMEAD
COMMUNITY DEVELOPMENT COMMISSION HEREBY RESOLVES:
1. The ROPS for the period July 1, 2026 through June 30, 2027 attached hereto is
hereby approved.
2. Successor Agency staff is directed to provide to the First Supervisorial District
Consolidated Oversight Board (a) a copy of this Resolution along with (b) the
Successor Agency approved ROPS and (c) a Resolution for the Oversight Board
to approve.
PASSED, APPROVED AND ADOPTED this 9th day of December, 2025.
APPROVED AS TO FORM:
Rachel Richman, Successor Agency Attorney
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES) §
CITY OF ROSEMEAD )
Margaret Clark, Chairperson
ATTEST: "
Ericka Hernandez, Successor.Agency-C-iirk=
I, Ericka Hernandez, Successor Agency Clerk to the Rosemead Community Development
Commission of the City of Rosemead, California, do hereby certify that the foregoing
Successor Agency Resolution No. 2025-01 SA was duly adopted by the Board of the Successor
Agency, at a special meeting thereof held on the 9d' day of December, 2025, by the following
vote, to wit:
AYES: ARMENTA, CLARK, DANG, LOW, LY
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
Ericka Hernandez, Successor Agency C 4--'---'
Recognized Obligation Payment Schedule (ROPS 26-27) - Summary
Filed for the July 1, 2026 through June 30, 2027 Period
Successor Agency: Rosemead
County: Los Angeles
Current Period Requested Funding for Enforceable
Obligations (ROPS Detail)
A Enforceable Obligations Funded as Follows (B+C+D)
B Bond Proceeds
C Reserve Balance
D Other Funds
E Redevelopment Property Tax Trust Fund (RPTTF) (F+G)
F RPTTF
G Administrative RPTTF
H Current Period Enforceable Obligations (A+E)
Certification of Oversight Board Chairman:
Pursuant to Section 34177 (o) of the Health and Safety
code, I hereby certify that the above is a true and
accurate Recognized Obligation Payment Schedule for
the above named successor agency.
26-27A Total
(July -
December)
26-27B Total
(January -
June)
ROPS 26-27
Total
$ 2,135,236
$ 730,986
$ 2,866,222
2,135,236
730,986
2,866,222
$ 2,135,236
$ 730,986
$ 2,866,222
Margaret Clark 12/09/2025
Name Title
12/09/2025
Signatu Date
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