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SIX.ITEM ONE IS A RECOMMENDATION TO APPROVE THE MINUTES FOR THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY MEETING OF TUESDAY, NOVEMBER 11TH, 2025.
CAN I HAVE MOTION PLEASE? IT'S NOT, WE'RE NOT, WE'RE NOT.
ARE YOU GUYS ABLE TO WE HAVE ONE VOTE.
WE'RE DO, DO VERBAL COUNCILMAN SUBINA AYE.
IS COUNCILOR ALLEN ON? NO, SHE'S NOT.
ITEM TWO IS A RECOMMENDATION TO APPROVE THE DRAFT RECOGNIZED OBLIGATION PAYMENT SCHEDULE 20 26 20 27 FOR THE PERIOD OF JULY 1ST, 2026 THROUGH JUNE 30TH, 2027 CITYWIDE.
CAN WE, UH, A MOTION A SECOND? IS THERE A SEPARATE CORNER ON OR A, UH, PRESENTATION? THE ITEM BEFORE YOU TODAY IS A, A REQUEST TO APPROVE A DRAFT RECOGNIZED OBLIGATION PAYMENT SCHEDULE OR WRAPS, WHICH IS THE MECHANISM THAT THE SUCCESSOR AGENCY USES TO REQUEST ITS, UH, THE FUNDING IT NEEDS, UH, TO DISCHARGE THE OBLIGATIONS OF THE FORMER REDEVELOPMENT AGENCY.
APPROVAL OF THIS DOCUMENT ENSURES THAT THE SUCCESSOR AGENCY RECEIVES THE FUNDS NECESSARY TO MAKE PAYMENTS TOWARDS EXISTING BOND DEBT, PROVIDE FOR PROPERTY MAINTENANCE AND FOR ADMINISTRATION COSTS TO OVERSEE THE SUCCESSOR AGENCY.
UH, IF YOU APPROVE THIS TODAY, THE DRAFT WILL THEN BE PRESENTED TO THE LA COUNTY OVERSIGHT BOARD ON JANUARY 2ND, 20, I'M SORRY, ON JANUARY 20TH, AND THEN SUBMITTED TO THE DEPARTMENT OF FINANCE FOR THEIR APPROVAL BY A STATUTORY DEADLINE OF FEBRUARY 1ST.
AND I'M AVAILABLE FOR ANY QUESTIONS.
OKAY, AT THIS TIME WE ARE, UH, OPEN COMMENT.
DO WE HAVE ANY FURTHER COMMENT ON THIS? UH, SEEING NONE, NONE ON THIS ITEM.
UH, NON-AD AGENDA, PUBLIC COMMENT, VICE MAYOR.