Wednesday, January 11, 2012

Help the City of Oakland wrap up Redevelopment

The Oakland City Council voted unanimously yesterday to become the Successor Agency for the Oakland Redevelopment Agency (RDA). The RDA is required by statute to terminate all operations by February 1, 2012. As the Successor Agency the City will have the responsibility of paying off the debts of the RDA and selling its assets.

The same law that ended redevelopment agency’s in California also created a seven person Oversight Board to monitor how the debts, assets and obligations of the RDA’s are closed out. The Oversight Board for the Oakland RDA will review the actions the City of Oakland takes as the Successor Agency to the Oakland RDA. The seven members are appointed by the following officials:

County Board of Supervisors – 2 members

Mayor - 2 members (one a former RDA employee)

County Superintendent of Education – 1 member

Chancellor of CA Community Colleges – 1 member

Largest special district taxing agency – 1 member

The Oakland Metropolitan Chamber of Commerce would like to recommend to these officials qualified people to serve on the Oversight Board. Please let us know if you would be interested in serving.

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