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City Council Agenda # Meeting of June 12, 2012Staff Report MOTION TO ACCEPT THE REVISED FOURTH AMENDED RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE PERIOD JANUARY 1, 2012, THROUGH JUNE 30, 2012,
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Successor agency - city is the entity designated to wind down the affairs of a dissolved redevelopment agency.
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The purpose of successor agency - city is to facilitate the orderly dissolution of a redevelopment agency and transition of its assets and obligations.
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The successor agency - city must report financial information, asset transfers, and other relevant details of the dissolution process.
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