The Successor Agency of the former La Habra Redevelopment Agency activities are subject to review and approval by the Oversight Board. The Oversight Board is comprised of 7 appointees from affected local taxing entities and the community. The Oversight Board is required to direct the Successor Agency to do all of the following:
Dispose of all assets and property of the former redevelopment agency that were funded by tax increment. The oversight board may direct the successor agency to transfer ownership of certain public assets, such as roads, school buildings, parks and fire stations, to an appropriate public agency pursuant to any existing agreements relating to the construction or use of such assets.
Cease performance under any agreements that do not meet the definition of "Enforceable Obligations."
Transfer affordable responsibilities to the appropriate body (city, housing authority or the State Department of Housing and Community Development).
Terminate any agreements between the redevelopment agency and any public entity providing funding for department service obligations or for the construction or operation of facilities owned and operated by the public entity, if the oversight board determines that early termination would be in the best interest of the taxing entities.
Determine whether any agreements with private parties should be terminated or renegotiated to reduce liabilities and increase revenues to the taxing entities.
The contact for this board is the Housing & Economic Development Manager. For more information, call 562-383-4108.