Oversight Board

Staff: George Buell, Development Services Director
Time: 4th Tuesday each month; 1:00-3:00 pm
Location: Council Chambers, 2nd Floor, City Hall North
Purpose: Oversight Boards must direct the Successor Agency to do all of the following: dispose of redevelopment assets and properties; terminate or renegotiate contracts; approve repayment terms for outstanding loans; allow refunding of bonds or other debt; set aside amounts in reserves; merge project areas; continue acceptance of federal grants or other funding; approve compensation agreements regarding taxes on assets; establish/approve each Recognized Obligation Payment Schedule (“ROPS”); approve agreements between the Successor Agency and City or County; and approve pledges or agreements for property tax revenues.

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