|Staff:||City Manager's Office|
|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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