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02Meeting Date: 12/15/2015
Report Type: ConsentOversight Board for
Redevelopment Agency
Successor Agency
ReportReport ID: 201501116915 I Street, 1st Floor
www.CityofSacramento.orgTitle: Revised Long
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Who needs redevelopment agency successor agency?
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The redevelopment agency successor agency is typically needed by local governments or entities that were previously operating redevelopment agencies.
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These successor agencies are responsible for managing and overseeing the remaining assets, obligations, and operations of the former redevelopment agency.
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They may also be required to fulfill specific obligations or reporting requirements as part of the redevelopment agency dissolution process.
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It is important for these entities to establish and maintain a successor agency to ensure compliance with legal and financial obligations and to properly administer any remaining redevelopment funds or projects.
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Consulting with legal counsel and relevant government authorities can help determine whether a redevelopment agency successor agency is needed in a specific jurisdiction.
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What is redevelopment agency successor agency?
The redevelopment agency successor agency is a designated entity responsible for winding down the operations and obligations of a former redevelopment agency.
Who is required to file redevelopment agency successor agency?
The redevelopment agency successor agency is required to file by law.
How to fill out redevelopment agency successor agency?
The form for the redevelopment agency successor agency can be filled out online or in person.
What is the purpose of redevelopment agency successor agency?
The purpose of the redevelopment agency successor agency is to ensure that the obligations and assets of the former redevelopment agency are managed appropriately.
What information must be reported on redevelopment agency successor agency?
The redevelopment agency successor agency must report on the financial status, assets, and liabilities of the former redevelopment agency.
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