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Placer County Redevelopment Successor Agency

About the Successor Agency

The Successor Agency is the public entity, overseen by the Placer County Board of Supervisors, that is responsible for winding down former Redevelopment Agency activities, including:

  • Disposing of assets (properties)
  • Making payments and processing approved obligations (per the Recognized Obligations Payment Schedule "ROP" at the bottom of this page)
  • Preparing an administrative budget for approval by the Oversight Board.

To view actions by the Successor Agency go to the Board of Supervisors Agenda/Summary Agenda page.

More information about the statewide dissolution of Redevelopment Agencies

All redevelopment agencies in California were dissolved as of February 1, 2012 (per ABx1-26 "Dissolution Act"). On June 27, 2012, Assembly Bill 1484 was passed to clarify the Dissolution Act. One provision of this bill was a requirement to establish a "Successor Agency" designated as a separate "public entity", which was passed by Ordinance on August 7, 2012 by the Placer County Board of Supervisors.

Foreclosures

Successor Agency Oversight Board

Meeting schedule and agendas

Meeting Date / Time

Location

Agenda

Full Agenda Packet

Summary Action

Video

 September 3, 2014
10:00am
Placer County Board of Supervisors Chambers
Agenda Agenda Packet Summary Action Video

August 12, 2014 

1:00 p.m. (Cancelled)

Placer County Board of Supervisors Chambers  This meeting was cancelled   

   

May 5, 2014                  9:00am

Placer County Board of Supervisors Chambers      Agenda     Agenda Packet  Summary Action N/A 

March 19, 2014 11:00 a.m

Placer County Board of Supervisors Chambers Agenda Agenda Packet Summary Action N/A

February 26, 2014
2:00pm

Placer County Board of Supervisors Chambers

Agenda

Agenda Packet
Summary Action N/A

December 16, 2013
10:30am

Placer County Executive Office, Conference Room 1

Agenda

Agenda Packet

Summary Action

N/A

November 5, 2013
2:30pm

Placer County Board of Supervisors Chambers

Agenda

Agenda Packet

Summary Action

N/A

August 27, 2013
10:00am

North Tahoe Event Center

Agenda

Agenda Packet

Summary Action

N/A

July 17, 2013
10:30am

Placer County Board of Supervisors Chambers

Agenda

Agenda Packet

Summary Action

Video

June 25, 2013
9:00am

Placer County Board of Supervisors Chambers

Agenda

Documents

Summary Action

N/A

May 24, 2013
1:00pm

Placer County Board of Supervisors Chambers

Agenda

Documents

Summary Action

N/A

April 22, 2013
9:30am

North Tahoe Event Center

Agenda

Documents

Summary Action

N/A

February 20, 2013
9:00am

Placer County Board of Supervisors Chambers

Agenda

Documents

Summary Action

N/A

(For older Meeting Agendas, contact the Placer County Executive Office at (530) 889-4030.)

About the Oversight Board

The Oversight Board of the Successor Agency to the former Placer County Redevelopment Agency (Oversight Board) is generally intended to supervise the activities of the Successor Agency. The Oversight Board has a fiduciary responsibility to holders of enforceable obligations, and the County's taxing entities that benefit from distribution of property tax and other former Redevelopment Agency revenues.

The Dissolution Act requires the Oversight Board to direct the Successor Agency to dispose of certain assets and to determine whether contracts, agreements, or other arrangements between the former Redevelopment Agency and private parties should be terminated or renegotiate to reduce the Successor Agency's liabilities and to increase net revenues to the tax entities.

Oversight Board Membership

Chair, Jennifer Montgomery - Placer County Supervisor, District 5
Vice Chair, Gerald Johnson - Associate Superintendent, Placer County Board of Education
Chris Yatooma - Administrator Fiscal Policy, Sierra Community College
S. Lane Lewis - President, North Tahoe Public Utility District
Thomas R. Hart - Former Redevelopment Agency Employee
Dr. Ronald Feist - Public Member
Ron McIntrye - Public Member

Current Recognized Obligation Payment Schedule (ROP)

On August 27, 2013, the Oversight Board met and approved the Recognized Obligation Payment Schedule (ROP 13-14B) for the period from January 1, 2014 to June 30, 2014.

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