Successor Agency to the Former Orange Redevelopment Agency

History


On December 29, 2011, the California Supreme Court ruled that ABX 126, the Redevelopment Dissolution Act, constitutional. This decision means that all redevelopment agencies in the State of California were dissolved as of February 1, 2012

As provided for under the new law, each city may choose to form a Successor Agency for the purposes of winding down the affairs of the previous Redevelopment Agency. Additionally, an Oversight Board, constituted by appointed members, would also be formed to oversee the activities of the newly created Successor Agency.

Purpose


On January 10, 2012, the City of Orange City Council voted to form a Successor Agency for the former Orange Redevelopment Agency. All of the assets, properties, contracts, leases and records of the former Orange Redevelopment Agency have been transferred to the Successor Agency. The Successor Agency is responsible for overseeing and winding down the remaining legal and contractual obligations of the agency.

Recognized Obligation Payment Schedule (ROPS)