On December 27, 2011 the California State Supreme Court upheld AB 1 X 26 (the "Dissolution Act") and required the dissolution of every redevelopment agency within California as of February , 2012. The bill included provisions for a successor agency to a former redevelopment agency that would be directed by an oversight board comprised of representatives from various local taxing entities and organizations.
On January 10, 2012, the Lindsay City Council designeated the City of Lindsay as the Successor Agency to the prior Lindsay Redevelopment Agency.
- Wind-down the affairs of the RDA
- Create Redevelopment Obligation Retirement Fund (RORF)
- Dispose of assets and properties as directed by the Oversight Board
Oversight Board Resolutions
12-01 Adopting Bylaws
12-02 Designating Chair & Vice-Chair
12-03 Adopting ROPS Jan-June 2012
12-04 Adopting ROPS June-Dec 2012
12-05 Assigning Housing Functions
to Tulare Co. Housing Authority
12-06 Adopting Final ROPS July-Dec 2012
12-07 Amending Resolution 12-05
12-08 Adopting ROPS Jan-June 2013
13-01 LMIHF Due Diligence Review (DDR)
13-02 Other Funds Due Diligence Review (DDR)
13-03 Adopting ROPS July-Dec 2013
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