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File Number: 24-538 <br />·Pension and unemployment payments for Agency employees; <br />·Judgments, settlements or binding arbitration decisions; and <br />·Any legally binding and enforceable contract that does not violate the debt limit or public <br />policy. <br />Funding is requested for the following Enforceable Obligations on the 2025-2026 ROPS: <br />·Urban Analytics - $6,500 <br />o Consultant performing continuing disclosure requirements for bonds and fiscal <br />analysis of tax enforcement. <br />·Bond Compliance - $14,234 <br />o Covering trustee fees and consultant to serve as dissemination agent. <br />·Casa Verde Operating Agreement - $205,456 <br />o 30 Year Annual Operating Subsidy to Mercy Housing for development of affordable <br />housing at the former Islander Motel at 2398 E. 14th Street. Payments are made <br />per the schedule established in the 2006 Disposition and Development Agreement. <br />·Successor Agency Administration - $250,000 <br />o Based on AB x1 26, the amount permitted to fund staff and legal costs and <br />expenses for Successor Agency Administration is the greater of 3% of funds <br />received from the Redevelopment Property Tax Trust Fund (RPTTF) or $250,000 <br />annually. For the 2025-2026 ROPS period, the $250,000 minimum will apply. <br />·Doolittle Dr. Streetscape - $400,000 <br />o Per reinstated agreement between the City and Redevelopment Agency, funds for <br />design work for completion of third phase of Doolittle Drive Streetscaping (between <br />Davis Street and Fairway Drive). Note that these funds were previously requested <br />on the 2022-23 ROPS. However, the project was not ready to proceed, and the <br />funds were not utilized and as such returned to the State. Design work for the <br />project is now planned to begin in FY2025-2026 and as such, the funds are again <br />requested on the ROPS. <br />·2001 Certificates of Participation/2013 Lease Revenue Bonds - $563,709 <br />o Annual debt service payment is made per the payment schedule. <br />·2014 Tax Allocation Bonds - $2,073,238 <br />o Annual debt service payment is made per the payment schedule. The 2014 bonds <br />replaced the 2002 Plaza Area and the 2004 West San Leandro Area Bonds. <br />·2018 Tax Allocation Bonds - $2,505,682 <br />o Annual debt service payment is made per the payment schedule. The 2018 bonds <br />replaced the 2008 Tax Allocation Bonds, which were refinanced under better terms <br />and ‘retired’ on the 2019-2020 ROPS. <br />The consolidated County of Alameda Countywide Oversight Board is scheduled to review this <br />ROPS and Administrative Budget on January 23, 2025. If approved, it will be forwarded to the <br />California Department of Finance, the State Controller’s Office and the Alameda County Auditor <br />Controller prior to February 1, 2025. <br />Page 2 City of San Leandro Printed on 9/4/2025