By allowing ads to appear on this site, you support the local businesses who, in turn, support great journalism.
Manteca RDA owes $459.6M in debt that state must honor
Placeholder Image

The MRPS and FESM Portuguese organizations are owed $32,000 over the coming years by the Manteca Redevelopment Agency for the leasing of their parking lots for use by the general public.

Those obligations are among those that the City Council acting as the RDA commission is expected to take steps to assure that they will be paid when the RDA is disbanded by the State of California on Feb. 1.

The council is considering adopting an amended enforceable obligation payment schedule. It represents the amount owed and the annual payment for various obligations encumbered by the RDA. By adopting the measure it should assure that such costs will be covered from property tax dollars the state seizes from the Manteca RDA.

The total debt that the Manteca RDA has is $459.6 million with an annual payment obligation that now stands at $15,380,782.

That $458 million includes $225 million in pass-through payments the RDA has been making to other government agencies such as the Manteca Unified School District. That reflects an annual obligation of $2 million.

There are seven outstanding bond issues that come to $222 million.

Among the obligations are those that would end this year once their contracts expire. Included is $46,500 for a contracted code enforcement officer and $24,000 left on the retainer for the Washington, D.C.-based lobbying firm of Van Scoyc Associates. There is also a $59,000 contract obligation for the consulting firm that is devising Manteca’s community-based government endeavor.

The list includes $1,741,125 for the payroll of Manteca, municipal employees supporting the RDA through June.

The council meets at 7 p.m. tonight at the Civic Center, 1001 W. Center St.