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:
Making payments and processing approved obligations (per the Recognized Obligations Payment Schedule "ROPS" 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.
Successor Agency Oversight Board
Meeting schedule and agendas
(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 (ROPS)
On February 20, 2013, the Oversight Board met and approved the Recognized Obligation Payment Schedule (ROPS 4, or ROPS 13-14A) for the period from July 1, 2013 to December, 31, 2013.