February 14, 2012 > Fremont Redevelopment Agency dissolves
Fremont Redevelopment Agency dissolves
Submitted By City of Fremont
On Dec. 29, 2011, the California Supreme Court ruled on the validity of two bills that were part of the State of California's efforts to close its significant budget deficit last year. In its ruling, the Court upheld ABx1 26, which eliminated Redevelopment Agencies throughout California. It also struck down ABx1 27, which would have allowed Redevelopment Agencies to remain in operation as long as they made payments to the State. The Court's ruling set Feb. 1, 2012, as the dissolution date for Redevelopment Agencies, and left no mechanism for reinstatement.
At the Jan.10 City Council meeting, the Council voted to make the City of Fremont the Successor Redevelopment Agency. This newly formed agency is responsible for winding down the former functions of the Redevelopment Agency. The new Agency cannot commence new projects but it may finish projects for which it had third party contracts in place on or before Jan. 1, 2011. The Agency will focus on completing contracts and disposing of the assets owned by the former Redevelopment Agency, including Centerville Unified Site, the former Union Pacific lands in Niles (excluding the City-owned Niles Town Plaza and parking lots) and a small vacant remnant parcel at the corner of Central Avenue and Fremont Boulevard.
An Oversight Board will be appointed by May 1, 2012, to oversee the Successor Redevelopment Agency. Actions by the Oversight Board are subject to review by the County Auditor-Controller and the Auditor Controller's actions are subject to review by the State Controller.