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File Number: 15-509 funding will be included on future versions of the ROPS consistent with the payment schedules included in the original funding agreements. Administrative Budget The ROPS also contains an administrative budget for the Successor Agency. Based on direction from the DOF, the amount of the administrative allowance is the greater of 3% of funds received from the Redevelopment Property Tax Trust Fund or $250,000 annually. For the January through June 2016 ROPS period, the 3% factor will apply. The administrative costs included on this ROPS total $180,000 in staff and legal costs. The Oversight Board is scheduled to approve this ROPS on September 23, 2015 and it will be forwarded to the DOF, the State Controller’s Office and the Alameda County Auditor Controller after that action is finalized. Previous Actions ·On January 9, 2012, the City Council affirmed its decision to have the City serve as the Successor Agency for the former Redevelopment Agency and to retain the Agency’s housing assets and functions. ·On April 2, 2012, May 7, 2012, July 17, 2012, February 19, 2013, September 16, 2013, February 17, 2014, September 15, 2014, and February 17, 2015, the City Council, serving as governing board of the Successor Agency, adopted ROPS for previous periods. Fiscal Impacts As noted above, the Enforceable Obligations listed on the ROPS are paid using funds disbursed by the County Auditor-Controller through property tax revenue deposited into the Redevelopment Property Tax Trust Fund (RPTTF). The General Fund (or any other City fund) does not bear any responsibility for the payment of approved enforceable obligations of the former Redevelopment Agency. ATTACHMENT Attachment to Resolution ·ROPS PREPARED BY: Jeff Kay, Business Development Manager, Community Development Department Page 3 City of San Leandro Printed on 9/15/2015