The City of San Gabriel, acting as the successor to the former Redevelopment Agency, recently obtained approval from the Department of Finance and San Gabriel Oversight Board to execute a Recognized Obligations Payment Schedule (ROPS) to repay the City/Agency Loan in addition to completing two other administrative tasks. As part of the wind-down process of Redevelopment, the State has directed that all properties owned and all obligations owed by redevelopment agencies be liquidated.
With the 2017-18 ROPS in place, the City is closer to finalizing its redevelopment activities. For more information, contact Finance Director and Oversight Board Vice Chairman Tom Marston at firstname.lastname@example.org or at 626.308.2812, ext. 4610.