REPORT TO THE CITY COUNCIL, SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF FRESNO AND THE FRESNO REVITALIZATION CORPORATION FROM: MARLENE MURPHEY, Executive Director SUBJECT ..Title Successor Agency to the Redevelopment Agency of the City of Fresno and Fresno Revitalization Corporation (FRC) consider adopting: 1. RESOLUTION - Approving the Recognized Obligation Payment Schedule 25-26 ..Body EXECUTIVE SUMMARY The Recognized Obligation Payment Schedule (ROPS) for the July 1, 2025 through June 30, 2026 period is attached. The ROPS must be submitted to the Department of Finance by February 1, 2025. It is planned for consideration by the Oversight Board (OB) on January 23, 2025. Successor Agency staff recommends the approval of the Joint Resolution for submittal to the Countywide Oversight Board and the Department of Finance. BACKGROUND State legislation, ABX1 26 and AB 1484, created Successor Agencies, which are tasked with the responsibility of winding down former Redevelopment Agencies. As a requirement, Successor Agencies under SB 107 are required to provide a ROPS every twelve months identifying overall outstanding debt for all enforceable obligations with the Agency, as well as the estimated amount needed for each of those obligations during the twelve-month period covered by that ROPS. The ROPS is required to be considered and acted upon by the OB. Once approved, the ROPS and OB Resolution are submitted to the Department of Finance for subsequent review and final approval. ENVIRONMENTAL FINDINGS N/A LOCAL PREFERENCE N/A FISCAL IMPACT N/A Attachment: Resolution Exhibit 1 to Attachment: Recognized Obligation Payment Schedule 25-26 (July 2025 - June 2026)