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Recognized Obligation Payment Schedule (ROPS)
In order for the Successor Agency to the San Gabriel Redevelopment Agency to continue to pay its debt and other obligations, it is required to prepare a Recognized Obligation Payment Schedule (ROPS) once every six months.  This requirement started with the period covering January 1, 2012 to June 30, 2012 (ROPS I).  The ROPS must be approved by the Oversight Board and sent to the State Department of Finance and the County of Los Angeles.  DOF, and to a lesser extent the County, have the ability to comment and/or modify the ROPS approved by the Oversight Board.  


Below are the Recognized Obligation Payment Schedules (ROPS) that have been approved by the Oversight Board.  Also included below is correspondence from the state and/or the County modifying the Oversight Board approved ROPS.

ROPS I (January 1, 2012 - June 30, 2012)
ROPS I - approved by San Gabriel Successor Agency Oversight Board
Resolution No. OB 12-02 adopted on May 3, 2012

ROPS II (July 1, 2012 - December 31, 2012)
ROPS II -  approved by San Gabriel Successor Agency Oversight Board
Resolution No. OB 12-03 adopted on May 3, 2012
        Correspondence Modifying Approved ROPS:
                Department of Finance ROPS I & II Determination Letter - May 25, 2012

ROPS III (January 1, 2013 - December 31, 2012)
ROPS III - approved by San Gabriel Successor Agency Oversight Board
Resolution No. OB 12-12 adopted on June 30, 2012
        Correspondence Modifying Approved ROPS:
                Department of Finance Final Determination Letter - December 18, 2013
ROPS III - with Department of Finance changes

ROPS 2013-14A (July 1, 2013 - December 31, 2013)
ROPS 2013-14A - approved by San Gabriel Successor Agency Oversight Board
Resolution No. OB 13-02 adopted on February 25, 2013
        Correspondence modifying approved ROPS:
                 Los Angeles County recommended adjustment - March 21, 2013

ROPS 2013-14B (January 1, 2014 - June 30, 2014)
ROPS 2013-14B - approved by San Gabriel Successor Agency Oversight Board
Resolution No. OB 13-05 adopted on September 11, 2013
        Correspondence modifying approved ROPS:
                Department of Finance Determination Letter - October 23, 2013

ROPS 2014-15A (July 1, 2014 - December 31, 2014)
ROPS 2014-15A - approved by San Gabriel Agency Oversight Board
Resolution No. OB 14-02 adopted on February 17, 2014
        Correspondence modifying approved ROPS:
                Department of Finance Determination Letter - April 3, 2014


                


San Gabriel City Hall
425 S. Mission Drive
San Gabriel, CA 91776
Phone (626) 308-2800
Fax (626) 458-2830
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