Redevelopment Update: New Legislation and Designation of Successor Agencies

Manatt, Phelps & Phillips, LLP
Contact

Despite the launch of two bills — one that would delay the effective dissolution date of redevelopment agencies (RDAs) across the state and another that would allow cities to retain affordable housing funds — cities are scrambling to meet the February 1 court-ordered deadline to shut down their RDAs.

Many cities have already elected to retain their RDAs' assets and obligations as "successor agencies." San Diego, Oakland, Menlo Park, Santa Rosa, Salinas, Napa City, Simi Valley, Sonoma City, Ukiah, Santa Clarita, Los Gatos and Newark are among the many cities reported to have voted last week to retain their RDAs' assets and obligations and name themselves as successor agencies.

Please see full publication below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Manatt, Phelps & Phillips, LLP | Attorney Advertising

Written by:

Manatt, Phelps & Phillips, LLP
Contact
more
less

PUBLISH YOUR CONTENT ON JD SUPRA NOW

  • Increased visibility
  • Actionable analytics
  • Ongoing guidance

Manatt, Phelps & Phillips, LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide