The City administers payment of Successor Agency enforceable obligation payments as authorized by the State Department of Finance (DOF) to further the dissolution of the former Bakersfield Redevelopment Agency. The Successor Agency has a Recognized Obligation Payment Schedule (ROPS) approved by both the Bakersfield Oversight Board and the DOF. All payments of the Successor Agency must be on this approved listing in order to be valid and authorized payments of the Successor Agency.
A check register is provided which summarizes the transactions processed during the above referenced period. Additional details are provided below for each transaction.
Check #9995723 to U S Bank CR:US Bank Trust NA for $107,225.62 is an interest payment on IBank Loan Sales Agreement #CIEDB-B08-083, Payment approved as ROPS 20-21B, line item #18.
Check #9995725 to U S Bank Trust for $77,203.35 is an interest payment on tax allocation bonds, Series 2009A & B. Payment approved as ROPS 20-21B, line item #6 & #17.