Oversight Board

To keep you informed on Redevelopment changes, I will share with you about the Oversight Board. The Oversight Board is being formed in the next month or so and will be in place by May 1, 2012. This body will be reviewing all decisions made by the City Council as Successor Agency to the Redevelopment Agency as we wind down its affairs, including looking at all of the projects and "enforceable obligations" that are listed on our Enforceable Obligation Payment Schedule (EOPS). The Oversight Board will have 7 members:

• the Mayor
• a person appointed by the County Superintendent of Schools, Sheila Jordan
• a person appointed by ACTransit
• a person appointed by the Peralta Community College District
• a member of the County Board of Supervisors
• a person appointed by the County Board of Supervisors
• a member of our staff: Helen Bean the Director of Ecomonic Develeopment and Housing will serve in that capacity

The Oversight Board includes representation of the other taxing entities who have been impacted by tax increment money going to Redevelopment projects and debt service over the years. The oversight of the Successor Agency decisions ultimately rests with the State Dept. of Finance, but the Oversight Board provides local input on those decisions. Tonight after our public visioning workshop, the council will be recommending folks for the County Board of Supervisors' appointment. We have been asked to make recommendations to several of the appointing bodies. The status of several projects in town hinge on the decisions that are made by this board.