On December 29, 2011, the California Supreme Court issued an opinion in California Redevelopment Association v. Matosantos, upholding Assembly Bill x1 26 (legislation dissolving redevelopment agencies) and invalidating Assembly Bill x1 27 (legislation permitting redevelopment agencies to continue operation if they made certain payments to the State). As a result of the Supreme Court's decision, all redevelopment agencies in the State, including the Redevelopment Agency of the City of San Fernando, were dissolved on February 1, 2012. In addition, successor agencies were designated as successor entities to the former redevelopment agencies.
On August 15, 2011, the City of San Fernando City Council adopted Resolution No. 7452 electing for the City to serve as the Successor Agency for the City's Redevelopment Agency upon the Agency's dissolution. The assets of the Redevelopment Agency transferred to the Successor Agency by law on February 1, 2012. The Successor Agency has all the authority, rights, powers, duties, and obligations previously vested with the former redevelopment agency under the Community Redevelopment Law except for those that were repealed, restricted, or revised by AB x1 26. Per the Resolution, the Successor Agency will be governed by a Board of Directors that shall consist of the members of the City Council, that the Mayor and Mayor ProTem will serve as Chair and Vice Chair of the of the Board, and provides for regular meetings of the Board (to occur after the regular meetings of the City Council). The Resolution designates the City Administrator as Executive Director, the City Clerk as Secretary, and the City Treasurer as the Finance Officer of the Successor Agency.
The Successor Agency will exercise the powers necessary to perform all of the functions described in Health and Safety Code Section 34177, as well as any other powers granted under law with direction provided by a seven member oversight board in which the city will have two seats. The Successor Agency's statutory functions include: making payments and performing obligations required under enforceable obligations; continuing to collect loans, rents and other revenue on behalf of the former redevelopment agency; continuing to oversee development of properties until the contracted work has been completed; and, disposing of assets and properties of the former redevelopment agency as directed by the oversight board. The Successor Agency also will prepare proposed administrative budgets and submit them to the oversight board for its approval, pursuant to Health and Safety Code Section 34177(j).
Documents from the former Redevelopment Agency, the Successor Agency, and the oversight board will be posted on this webpage as they become available. At this time the former Redevelopment Agency's Enforceable Obligation Payment Schedule and Recognized Obligation Payment Schedule are posted below.
Former Redevelopment Agency
Successor Agency to the San Fernando Redevelopment Agency
|No. 1 (2/6/12)||Establishing Rules And Regulations For The Operations Of The Successor Agency To The San Fernando Redevelopment Agency|
|No. 2 (2/6/12)||Creating A Redevelopment Obligation Retirement Fund|
|No. 3 (2/21/12)||Adopting An Enforceable Obligation Payment Schedule|
|No. 4 (2/21/12)||Authorizing The Investment Of Successor Agency To The San Fernando Redevelopment Agency Moneys In The Local Agency Investment Fund|
|No. 7 (2/21/12)||Adopting a Draft Initial Recognized Obligation Payment Schedule Pursuant to the Requirements of AB X1 26|
FORMER REDEVELOPMENT AGENCY DOCUMENTS
RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS)
ROPS No. 13-14A (July 1, 2013 – December 31, 2013)
Oversight Board Agendas and Minutes