Successor Agency

Successor Agency (Replaced Redevelopment Agency as of February 1, 2012)

The Successor Agency to the Former Redevelopment Agency has adopted the following resolutions to date:

• Number 2012-001 ROPS III Approval (PDF)
• Number 2012-010 Successor Agency Election (PDF)
• Number 2012-011 Successor Housing Agency (PDF)
• Number 2012-024 Adopting LRPMP Pursuant to Health and Safety Code Sect 34191.5 (PDF)
• Number 2012-045 Reimbursement and Operating Agreement (PDF)
• Number 2014-009 Mission Park Apartments Certificate of Completion (PDF)

Long Range Property Management Plan

At their June 10, 2013 meeting, the Successor Agency approved Resolution 2013-024 regarding the Long Range Property Management Plan (LRPMP) which was subsequently approved by the Oversight Board with minor revisions. Attached is the revised plan that was submitted to the Department of Finance, State Controller and the County of Ventura on November 22, 2013.

Long Range Property Management Plan (PDF)

Long Range Property Management Plan Matrix (PDF)

Recognized Obligations Payment Schedule

On August 22, 2011, the Redevelopment Agency of the City of San Buenaventura adopted a Resolution entitled "A Resolution of the Redevelopment Agency of the City of San Buenaventura Approving and Adopting an Enforceable Obligation Payment Schedule Pursuant to AB 1X 26

Amended Enforceable Obligation Payment Schedule

RDA Project Area Map (PDF)

With the California Supreme Court upholding the State's legislation AB 1X 26, effective February 1, 2012, all Redevelopment Agencies within the State cease to exist.

All redevelopment activities that had previously existed under the Redevelopment Agency of the City of San Buenaventura ("Agency") have thus, ceased.

AB 1X 26 provides that the City of San Buenaventura ("City") will be the "successor agency" to the Agency and responsible for the wind down of the Agency's affairs. The activities of the City, as successor agency, will be overseen by an oversight board, comprised primarily of representatives of other affected taxing agencies, until such time as the debts of the Agency are paid off, all Agency assets liquidated and all property taxes are redirected to local taxing agencies.

AB 1X 26 also allows the City, as the entity that created the Agency, to elect to retain the housing assets and obligations of the former redevelopment agency. The City approved this election on January 30, 2012 thus all rights, powers, duties, and obligations of the former redevelopment agency affordable housing functions shall be transferred to the City.

The following is a required posting listing the Agency's enforceable obligations.

Amended Enforceable Obligation Payment Schedule (PDF)

Resolution Number RA2012-002 January 23, 2012 (PDF)