Imperial Beach Redevelopment Agency Successor Agency

Background

The Imperial Beach Redevelopment Agency (“Redevelopment Agency”) was a redevelopment agency in the City of Imperial Beach, duly created pursuant to the California Community Redevelopment Law (Part 1 (commencing with Section 33000) of Division 24 of the California Health and Safety Code) (“Redevelopment Law”).

Assembly Bill No. X1 26 (2011-2012 1st Ex. Sess.) (“AB 26”) was signed by the Governor of California on June 28, 2011, making certain changes to the Redevelopment Law and to the California Health and Safety Code (“H&S Code”), including adding Part 1.8 (commencing with Section 34161) and Part 1.85 (commencing with Section 34170) to Division 24 of the H&S Code. Pursuant to AB 26, as modified by the California Supreme Court on December 29, 2011 by its decision in California Redevelopment Association v. Matosantos, all California redevelopment agencies, including the Redevelopment Agency, were dissolved on February 1, 2012, and successor agencies were designated and vested with the responsibility of paying, performing and enforcing the enforceable obligations of the former redevelopment agencies and expeditiously winding down the business and fiscal affairs of the former redevelopment agencies.

Dissolution Law

On January 5, 2012, the City Council adopted Resolution No. 2012-7136, pursuant to AB 26, electing for the City to serve as the successor agency to the Redevelopment Agency upon the dissolution of the Redevelopment Agency on February 1, 2012 under AB 26 (“Successor Agency”). AB 26 has since been amended by various assembly and senate bills enacted by the Legislature and signed by the Governor. AB 26 as amended is referred to as the “Dissolution Law”.

The Dissolution Law also requires that there be an oversight board established for each of the successor agencies. Oversight boards possess fiduciary responsibilities to holders of enforceable obligations and taxing entities that benefit from distributions of property taxes and other revenues. Oversight boards oversee the activities of successor agencies and the wind down of the dissolved redevelopment agencies’ affairs pursuant to the Dissolution Law. In this regard, oversight boards approve certain actions of, and provide direction to, the successor agencies. The duties and responsibilities of oversight boards are primarily set forth in H&S Code Sections 34179 through 34181 of the Dissolution Law.  In 2018, the County of San Diego Countywide Redevelopment Successor Agency Oversight Board (“Oversight Board”) was established pursuant to the Dissolution Law. This Oversight Board oversees all successor agencies located in the County of San Diego, including the Successor Agency, and replaces by operation of law the previously constituted local oversight board of the Successor Agency.

Visit the Oversight Board’s webpage at the County of San Diego website.

Upcoming Successor Agency Agenda Items:

• None