Successor AgencyIn 2011, the State of California passed legislation which dissolved all redevelopment agencies within the State. By Resolution in 2012, the City of Turlock elected to act as the Successor Agency for the now dissolved Turlock Redevelopment Agency. Under California Law (Health and Safety Code Section 34177) successor agencies are charged with winding down the activities and financial obligations of the dissolved redevelopment agency.
The City of Turlock Mayor and City Council sit as the governing body for the Successor Agency for the Turlock Redevelopment Agency. On an annual basis a Recognized Obligations Payment Schedule (ROPS) is prepared, reviewed and approved by the Successor Agency Board, forwarded to the County-wide Oversight Board for approval, and then forwarded to the California Department of Finance for review and approval. Under dissolution law, the ROPS is the mechanism for the allocation of tax increment revenue to the Successor Agency to be used to retire the Agency’s financial obligations.
Recognized Obligation Payment Schedule (ROPS)
Other Successor Agency Items