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The original item was published from 3/8/2017 10:24:17 AM to 3/9/2018 12:05:01 AM.

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News for San Gabriel

Posted on: March 8, 2017

[ARCHIVED] SG obtains approval for 2017-18 redevelopment wind-down plan

Redevelopment wind-down

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 or at 626.308.2812, ext. 4610.

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