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ROPS 13-14A and Administrative Budget <br />February 19, 2013 <br />Page 3 <br />of assets transferred to it as a successor agency for a dissolved redevelopment agency." Thus, <br />the City's obligations as Successor Agency are limited by the amount of property taxes and the <br />value of assets it receives in its role as the Successor Agency. Despite this language, the <br />Dissolution Act (as amended by AB 1484) also provides for the withholding and diversion of sales <br />tax and property tax revenues otherwise due to the City in order to recover certain expenditures <br />deemed to have been improperly made by the former Agency; however this offset is inapplicable <br />to the present recommended actions, and there are various lawsuits, including one filed by the <br />League of California Cities, that are challenging the constitutionality of the sales and property tax <br />off-set penalties to cities. <br />jall CUA ' , ' <br />Nancy T. Ed ards <br />Interim Exec ive Director <br />Community Development ,Agency <br />NTE/SG/kg <br />Exhibits: 1. ROPS & Administrative Budget Resolution <br />3-3