Redevelopment agencies in California ceased to exist following the December 29, 2011, California Supreme Court decision in California Redevelopment Association v. Matosantos.  Effective February 1, 2012, Successor Agencies “assumed all authority, rights, powers, duties and obligations previously vested with the former redevelopment agency.”  Seven cities across California elected not to become a  Successor Agency.

Kosmont Companies (“Kosmont”) was retained by the California Department of Finance to provide staff support to six of the seven agencies – known under AB 26 as the Designated Local Authority (“DLA”). Since 2012, Kosmont assisted multiple DLAs and Successor Agencies (“SAs”) with the preparation of Long-Range Property Management Plans that govern the use and disposal of all former redevelopment agency (“RDA”) properties. Kosmont has or is providing staff support to the DLA Board as the SA in the cities of Los Banos, Mendota, Merced, Pismo Beach, Riverbank, and Santa Paula. These services are based on Kosmont’s expertise pertaining to pre-existing RDA contractual obligations, reserves management, enforcement of former RDA rights to protect and benefit bondholders, and preparation of administrative budgets and Recognized Obligation Payment Schedule (“ROPS”), as well as other dissolution tasks and requirements. Effective July 1, 2018, all local Oversight Boards roll-up to a Consolidated Countywide Oversight Board (“OB”) for all SAs in the County.  Kosmont is continuing to provide staff support services to the Merced Countywide Consolidated OB.

For additional information on the redevelopment dissolution process and the full text of AB 26, AB 1484 and SB 107, please visit http://www.dof.ca.gov/Programs/Redevelopment/.

Staff Contacts:
Steve Masura, DLA & Oversight Board Staff, (424) 297-1070
Joy Otsuki, Leibold, McClendon and Mann, PC, Legal Counsel, (949) 585-6300

Calendar

Title

    Successor Agency Resources

    Title

      Agendas

      Title
      Joint DLA OB Agenda Pismo 022415
      297.44 KB
      February 13, 2015
      Pismo Beach Agenda 09/19/14
      1.76 MB
      September 17, 2014
      Agenda DLA Pismo 091914
      99.43 KB
      September 15, 2014
      Agenda DLA OB Joint Mtg Pismo 090214
      312.99 KB
      August 22, 2014
      Pismo Beach OB Agenda 2014.04.07 00
      17.18 KB
      April 10, 2014
      Agenda DLA Pismo W-O CLOSED SESSION 120213
      135.97 KB
      December 2, 2013
      Agenda DLA Pismo 08262013
      26.91 KB
      September 3, 2013

        Agenda Packages

        Title
        Pismo JT Agenda Pkg 090214-W-O CLOSED SESSION
        3.12 MB
        September 15, 2014
        Pismo Beach JT Agenda Pkg W-O CLOSED SESSION 9-2-2014
        3.12 MB
        August 27, 2014
        Pismo Beach DLA Agenda Pckg wo Closed Sess Excl Mins ROPS 021114
        1,013.74 KB
        February 11, 2014
        Pismo Beach Agenda Package w out Closed Session No Minutes 092413
        2.36 MB
        September 23, 2013
        Agenda Package (wo Item 1 Minutes) 062413
        813.07 KB
        June 24, 2013

          Minutes

          Title
          08.26.13 LDA Meeting Minutes Pismo Beach
          13.69 KB
          September 23, 2013
          02.04.13 LDA Meeting Minutes
          14.14 KB
          June 24, 2013

            OB Resolutions & DOF Determinations

            Title
            2015 LMM Legal Services Agreement 091914
            111.20 KB
            October 3, 2014
            OB-2014-007 LMM Agreement 2014.10.02
            944.47 KB
            October 3, 2014
            OB-2014-006 LRPMP No Properties – 2014.10.02
            51.24 KB
            October 3, 2014
            Pismo Beach ROPS 14-15B OB approved
            501.38 KB
            October 3, 2014
            OB-2014-008 ROPS 14-15B Jan-Jun 2013 2014.10.02
            273.20 KB
            October 3, 2014
            OB-2014-004 ROPS 14-15A Jul-Dec 2014 – Signed to DOF
            548.21 KB
            March 3, 2014
            Pismo Beach ROPS 14-15A 021014 Validated
            51.98 KB
            March 3, 2014
            Pismo Beach ROPS 14-15A 021014
            143.40 KB
            February 11, 2014
            DOF Approved Pismo Beach ROPS III
            58.85 KB
            October 12, 2012

              Contacts

              Title