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On January 30, 2012 the Monterey Park Redevelopment Agency passed Resolution No. RA-692 adopting an Enforceable Obligation Payment Schedule (PDF) (EOPS) pursuant to Health and Safety Code Section 34167 and 34169.
Enforceable Obligations are obligations of the former redevelopment agency to be paid by the redevelopment agency until the Successor Agency is formed and then paid by the Successor Agency.
A meeting was held on April 4, 2012 for revision to the ROPS for February 2012 to June 2012 and July 2012 to December 2012.
On August 17, 2012 the ROPS 3 was approved.