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county auditor -controllers for distribution to affected Taking Agencies within project areas of the former redevelopment agencies. The Successor Agency has remitted to the County Auditor -Controller all of the unobligated balances as determined by the State Department Finance. On November 26, 2014, the Successor Agency received its Finding of Completion from the State Department of Finance. Receipt of the Finding of Completion allows the Successor Agency to do several things, among them, developing a plan for the disposition of any properties held by the Successor Agency and spending proceeds of bonds issued prior to December 31, 2010, all requiring approval of the Oversight Board. After receiving the finding of completion, each successor agency is required to submit a Long Range Property Management Plan (a "Long Range Property Management Plan") detailing what it intends to do with its inventory of properties. Successor agencies are not required to immediately dispose of their properties but are limited in terms of what they can do with the retained properties. Permissible uses include: sale of the property, use of the property to fulfill an enforceable obligation, retention of the property for future redevelopment, and retention of the property for governmental use. These plans must be filed by successor agencies with the State Department of Finance within six months of receiving a finding of completion. The State Department of Finance approved the Successor Agency's Long Range Property Management Plan on December 18, 2015. Successor Agency Accounting Records and Financial Statements The activities of the Successor Agency are reported as a fiduciary trust fund, which is in accordance with guidance issued by the State Department of Finance on September 19, 2012 and available on its website relating to redevelopment dissolution (www.dof.ca.gov/redevelopment) under the category of "Common RDA Dissolution Questions and Answers," interpreting Section 34177(n) of the Law concerning certain successor agency postaudit obligations. The State Department of Finance's website is not in any way incorporated into this Official Statement, and the Successor Agency cannot take any responsibility for, nor make any representation whatsoever as to, the continued accuracy of the Internet address or the accuracy, completeness, or timeliness of information posted there. In addition, from time to time, the State Department of Finance changes its guidance without notice. The City's financial statements for the Fiscal Year ended June 30, 2017, which include information regarding the Successor Agency, are attached as "APPENDIX D" to this Official Statement and have been audited by White Nelson Diehl Evans LLP, Irvine, California. The Successor Agency's audited financial statements are public documents and are included within this Official Statement without the prior approval of the auditor. White Nelson Diehl Evans LLP has not been engaged to perform, and has not performed, since the date of its report included in the Official Statement, any procedures on the financial statements addressed in that report. White Nelson Diehl Evans LLP also has not performed any procedures relating to this Official Statement. Plan Limitations In accordance with the Redevelopment Law, redevelopment plans were required to include certain limits on the financing of redevelopment projects. These limits could include a time limit on the life of the redevelopment plan, a time limit to incur debt, a time limit on the receipt of Tax Revenues and the repayment of debt, and a limit on the amount of bonded indebtedness outstanding at any time. SB 107, which became effective September 22, 2015, amended the Dissolution Act to provide that the time limits for receiving property tax revenues and the limitation on the amount of property tax revenues that may be received by the Former Agency and the Successor Agency set forth in the Redevelopment Plan are not effective for purposes of paying the Successor Agency's enforceable obligations such as the Bonds. Stipulation Judgments Between 1984 and 1994, the Former Agency entered into five separate stipulated judgments filed in the Superior Court for the County of Orange that required the Former Agency to set-aside various percentages of 24 SA -3-38