On September 19, 2011, the City Council adopted Resolution No. 11-4219, electing for the City to serve as the Successor Agency for the West Hollywood Community Development Commission upon the Agency's dissolution. The assets of the West Hollywood Community Development Commission transferred to the Successor Agency by law on February 1, 2012.
Resolution SA12-001, approved February 21, 2012, establishes the Successor Agency as a new legal public entity -- separate from the City. This Resolution further provides that the Successor Agency will be governed by a Board of Directors, which shall consist of the members of the City Council, that the Mayor and Mayor Pro Tempore will serve as Chair and Vice Chair of the of the Board, and provides for regular meetings of the Board (to occur after the regular meetings of the City Council). The Resolution designates the City Manager as Executive Director, the City Clerk as Secretary, and the City Finance Director as the Finance Officer of the Successor Agency.
The Successor Agency has the authority to perform the functions and duties, including but not limited to making payments and performing obligations required by enforceable obligations and expeditiously winding down the affairs of the Agency. The Successor Agency also may exercise any other powers provided by statute or granted by law,
The Oversight Board for each Successor Agency to a former redevelopment agency is comprised of seven members according to Health and Safety Code Section 34179. One of the seven members is selections made by the mayor of the City that formed the redevelopment agency; another is a selection made by the mayor representing the employees of the former redevelopment agency. The remaining members are selected by special districts, Los Angeles County, Community College districts with property tax share interests. Oversight Board members shall serve without compensation or reimbursement for expenses. The Successor Agency pays for all of the costs of meetings of the Oversight Board and may include such costs in its administrative budget. The City Council appointed Paul Arevalo, City Manager and Yvonne Quarker, Assistant City Clerk to the Oversight Board.
All assets and monies held by or under the control of the Successor Agency shall be maintained in funds and accounts established by the Successor Agency and shall be kept separate and apart from the funds and accounts of the City. The Successor Agency also will prepare proposed administrative budgets and submit them to the Oversight Board for its approval, pursuant to Health and Safety Code Section 34177.
Successor Agency Reports
|Document Name||Document||Adopting Resolutions||State Determination Letter|
|Community Development Commission Close-out Audit (1.31.12)||
|Housing Assets Report||HSG RPT Letter|
|Housing Fund Due Diligence Report||HSG DDR Letters|
|Non-Housing Funds Due Diligence Report||NON-HSG DDR Letter|
|Long Range Property Management Plan||LRPMP||LRPMP Resolutions||LRPMP Letter|
|Refinancing – 2003 Bonds||Refinancing Documents||Refinancing Resolutions||Refinancing DOF Letter
|Revised Long Range Property Management||Revised LRPMP||Revised LRPMP Letter||Revised LRPMP Resolution
|Housing Bond Transfer||Housing Bond Transfer Agreement||Housing Bond Transfer Resolution||Housing Bond Transfer Letter|
Successor Agency and Oversight Board Notices