Successor Agencies came into effect on February 1, 2012, the day that all redevelopment agencies in the State of California were dissolved. On January 12, 2012, at its regularly scheduled meeting, the City Council of the City of Coalinga, by Resolution No. 3489, elected to serve as the Successor Agency to the former Redevelopment Agency of the City of Coalinga.
The Successor Agency is overseen by an Oversight Board that reviews and approves the ROPS and other actions of the Successor Agency. There are sixteen (16) Successor Agencies in the County of Fresno, all of which must have an Oversight Board.
The Successor Agency manages redevelopment projects currently underway, makes payments identified on the EOPS (and later, the ROPS), and disposes of redevelopment assets and properties as directed by the Oversight Board. A separate agency manages the former RDA’s housing assets. The Successor Agency’s liability for nay legal claims is limited to the funds and assets it receives to perform its functions.
The Successor Agency is responsible for drafting a ROPS no later than March 1, 2012. The ROPS must be transmitted to the County Auditor-Controller’s Office and the California Department of Finance by April 15, 2012. The ROPS will delineate the enforceable obligations payable through June 30, 2012 and their source of payments, and then will be updated and submitted for approval every six months thereafter.
Chapter 3 of ABx1 26, entitled “Successor Agencies”, contains two sections, Sections 34177 and 34178, which provide details about the duties and deadlines of successor agencies. The Chapter provides clarifications on the validity and invalidity of certain types of agreements, contracts and arrangements between the former RDA and the city or county that created it.
Enforceable Obligation Payment Schedule (EOPS)
"Enforceable Obligations" listed in the ROPS may include the following:
- Bonds and loans legally required to be repaid pursuant to a payment schedule with mandatory repayment terms;
- Payments required by the federal government; pre-existing obligations to the state or obligations imposed by state law;
- Judgments, settlements or binding arbitration decisions that bind the agency;
- Legally binding and enforceable agreements or contracts;
- Contracts or agreements necessary for the continued administration or operation of the agency, including agreements to purchase or rent office space, equipment and supplies; and
- Amounts borrowed from or payments owing to the Low and Moderate Income Housing Fund or a redevelopment agency, which had been deferred as of June 29, 2011.
On August 18, 2011, in accordance with State Law, the City of Coalinga acting as the Successor Agency to the former Redevelopment Agency of the City of Coalinga adopted the Enforceable Obligation Payment Schedule (EOPS). Please direct any questions regarding the EOPS to the City’s Finance Department at (559) 935-1533.PDF Files:
Recognized Obligation Payment Schedule (ROPS)
The Recognized Obligation Payment Schedule (ROPS) is a permanent schedule of obligations that replaces the EOPS once it is approved by the Oversight Board to the Successor Agency to the former Redevelopment Agency. Only payments required pursuant to the ROPS may be made by the Successor Agency after May 1, 2012. The County Auditor-Controller will allocate property tax increment to Successor Agencies to pay debts listed on the ROPS. A new ROPS must be adopted for each successive six-month period.
The ROPS will become valid and operative when the following steps have been completed:
1. The draft ROPS is certified by an external audit overseen by the County Auditor-Controller. The County of Fresno recently engaged Price, Paige & Company, a CPA firm in Clovis, to perform the required audit. Successor Agency staff is currently working with the firm in the audit process.
2. The ROPS is approved by the Oversight Board. The first meeting of the Oversight Board was held on Monday, April 30, 2012. The Oversight Board approved both ROPS at their first meeting on April 30, 2012. The first ROPS covered the period from January 1, 2012 thru June 30, 2012 and the second ROPS covered the period from July 1, 2012 thru December 31, 2012.
3. A copy of the approved ROPS is submitted to the County of Fresno Auditor-Controller, Department of Finance and the State Controller’s Office, and has been posted on the Successor Agency’s website. A copy of the preliminary draft ROPS was submitted to the Fresno County Auditor-Controller, Department of Finance and the State Controller’s Office on March 26, 2012. The Oversight Board’s approved first and second ROPS was sent to the required offices on May 1, 2012.PDF Files: