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Get the free Successor Agency to the Garden Grove Redevelopment Ag - file lacounty

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DISPOSITION AND DEVELOPMENT AGREEMENTS DISPOSITION AND DEVELOPMENT AGREEMENT (Agreement) is entered into as of October 25, 2022, by and between the SUCCESSOR AGENCY TO THE FORMER COMMUNITY REDEVELOPMENT
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The successor agency to form is a legal entity that takes over the responsibilities and obligations of a former redevelopment agency after its dissolution, ensuring the continuation of the activities related to existing projects and debt obligations.
The governing body of each successor agency is required to file the successor agency to form to report their financial activities and compliance in managing the assets and liabilities of the former redevelopment agency.
To fill out the successor agency to form, entities must provide relevant financial information, describe the agency's activities, report asset and liability management, and ensure compliance with State regulations and guidelines.
The purpose of the successor agency to form is to manage the winding down of the affairs of dissolved redevelopment agencies, including handling existing projects, debts, and ensuring compliance with financial obligations.
The information that must be reported includes financial statements, details of property management, project updates, budgets, liabilities, and compliance with local and state laws.
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