Redevelopment Agency Dissolution
Welcome to the Department of Finance’s (Finance) Redevelopment Agency (RDA) Dissolution webpage. This site will serve as the primary conduit for Finance to share information related to the redevelopment dissolution legislation and communicate with Successor Agencies (SAs), who are responsible for overseeing the winding down at the local level, and County Auditors-Controllers, who are charged with property tax distribution. Please visit this website frequently as information is regularly updated.
Background
Upcoming Activities
To help facilitate the wind-down process at the local level, SAs were established to manage redevelopment projects currently underway, make payments on enforceable obligations, and dispose of redevelopment assets and properties. Each Successor Agency has an Oversight Board (OB) that supervises its work. The OB is comprised of representatives of the local agencies that serve the redevelopment project area: the city, county, special districts, and K-14 educational agencies. Oversight Board members have a fiduciary responsibility to holders of enforceable obligations, as well as to the local agencies that would benefit from property tax distributions from the former redevelopment project area.
Finance is responsible for implementation of the RDA dissolution statutes, (AB)x1 26, AB 1484, AB 471, and SB 107, and oversees the winding-down of the SAs.