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City Council/Successor Agency Agenda Item SummaryAgenda Item: 6 Meeting Date: February 26, 2020Agenda Section:Staff Contact:Consent Irene CamachoWerby, City ClerkAgenda Item Title: Consider adoption

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What is city councilsuccessor agency?

A city council successor agency is an entity established to manage the assets and liabilities of a former redevelopment agency following its dissolution.

Who is required to file city councilsuccessor agency?

Typically, the city council successor agency itself is required to file reports and documentation related to the management of former redevelopment agency assets.

How to fill out city councilsuccessor agency?

To fill out a city council successor agency form, agencies must gather necessary financial documents, complete required fields on the form, and ensure compliance with local and state guidelines.

What is the purpose of city councilsuccessor agency?

The purpose of a city council successor agency is to wind down the financial affairs of former redevelopment agencies, ensuring that assets are managed properly and debts are settled.

What information must be reported on city councilsuccessor agency?

Cities must report information pertaining to financial statements, asset management, liabilities, and any payments made to creditors or stakeholders.