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SA-3 - RESO - REFUNDING BONDS
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10/02/2018
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SA-3 - RESO - REFUNDING BONDS
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Last modified
9/27/2018 2:45:16 PM
Creation date
9/27/2018 2:32:05 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
SA-3
Date
10/2/2018
Destruction Year
2023
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redevelopment agencies in the State were dissolved, including the Former Agency, and successor agencies were <br />designated as successor entities to the former redevelopment agencies to expeditiously wind down the affairs of <br />the former redevelopment agencies. <br />Pursuant to Section 34173 of the Dissolution Act, the City Council serves as the governing board of the <br />successor agency to the Former Agency and thus, since the February 1, 2012 dissolution of the Former Agency, <br />the City has acted in such capacity. The Successor Agency is governed by a seven -member board which consists <br />of the Mayor and the members of the City Council. The Mayor acts as the chairman of the Successor Agency. <br />Section 34173(g) of the Dissolution Act expressly affirms that the Successor Agency is a separate <br />public entity from the City, that the two entities shall not merge, and that the liabilities of the Former Agency <br />will not be transferred to the City nor will the assets of the Former Agency become assets of the City. <br />Successor A2enev Board Members <br />Term Expires <br />Miguel A. Pulido, Chairman <br />November 2018 <br />Michele Martinez, Vice -Chairman <br />November 2018 <br />P. David Benavides, Agency Member <br />November 2018 <br />Vicente Sanniento, Agency Member <br />November 2020 <br />Jose Solorio, Agency Member <br />November 2020 <br />Sal Tinajero, Agency Member <br />November 2018 <br />Juan Villegas, Agency Member <br />November 2020 <br />The City performs certain general administrative functions for the Successor Agency. The City Manager <br />serves as the Successor Agency's chief administrative officer and the City Cleric serves as the Successor Agency <br />secretary. The costs of such functions, as well as additional services performed by City staff are allocated <br />annually to the Successor Agency, within certain limitations established by the Dissolution Act. Such <br />reimbursement is subordinate to payment on any outstanding bonds of the Successor Agency. <br />Current City Staff assigned to administer the Successor Agency include: <br />Key Administrative Personnel <br />Raul Godinez II, City Manager <br />Steven A. Mendoza, Executive Director, Community Development Agency <br />Ryan O. Hodge, Assistant City Attorney <br />Maria D. Huizar, Clerk of the Council <br />Successor Agency Powers <br />All powers of the Successor Agency are vested in its members, who are the elected Mayor and members <br />of the City Council. Pursuant to the Dissolution Act, the Successor Agency is a separate public body from the <br />City and succeeds to the organizational status of the Former Agency but without any legal authority to <br />participate in redevelopment activities, except to complete any work related to an approved enforceable <br />obligation. The Successor Agency is tasked with expeditiously winding down the affairs of the Former Agency, <br />pursuant to the procedures and provisions of the Dissolution Act. Under the Dissolution Act, many Successor <br />Agency actions are subject to approval by the Oversight Board, as well as review by the State Department of <br />Finance. California has strict laws regarding public meetings (known as the Ralph M. Brown Act) which <br />generally make all Successor Agency and Oversight Board meetings open to the public in similar manner as <br />City Council meetings. <br />Dissolution Act Milestones <br />Section 34179.5 of the Dissolution Act established a due diligence review process for determining the <br />unobligated balances that redevelopment agencies had available as of June 30, 2012 to remit to their respective <br />23 <br />SA -3-37 <br />
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