Redevelopment Agency Dissolution-Successor Agencies

Mina Martinovich, Department of Finance

Effective February 1, 2012, the California legislature dissolved all redevelopment agencies in California. ABx1 26, enacted in late June 2011, directed the dissolution and unwinding of the affairs of California’s 400 redevelopment agencies. On June 27, 2012, the Governor signed into law AB 1484, an FY 2012-13 budget trailer bill. AB 1484 makes technical and substantive amendments to ABx1 26. AB 1484 took immediate effect upon signature by the Governor.

AB 1484 requires those involved in the redevelopment dissolution process to learn and implement significant new rules of conduct. Furthermore, AB 1484 added many new or modified actions and deadlines, with major compliance consequences, that were implemented throughout the summer and fall of 2012.

In accordance with the legislation, the County of Marin opted to become the successor agency to the Marin County Redevelopment Agency. The role of the successor agency is to ensure that enforceable obligations of the former redevelopment agency are met and to wind down activities and dispose of any property and/or assets. Additionally, within the County of Marin, there are two other successor agencies. The City of Novato is the successor agency for Novato’s former redevelopment agency. The City of San Rafael is the successor agency for San Rafael’s former redevelopment agency.

For more information about the County of Marin successor agency, please visit the Community Development website.