Successor Agency to the Redevelopment Agency of the City of Rialto
On February 1, 2012, the Rialto Redevelopment Agency, along with all other redevelopment agencies in the State of California, was dissolved pursuant to the Redevelopment Dissolution Act. The City of Rialto has assumed the role as Successor Agency for administration of dissolution and disposition of all Redevelopment Agency assets. The Rialto Housing Authority assumed the successor responsibilities of the Redevelopment Agency’s housing obligations.
The City Council and a seven member Oversight Board oversees the payment of all existing obligations, the liquidation of all assets of the Redevelopment Agency and disposition of all proceeds and unencumbered funds to various state taxing entities.
In 2015, the California Department of Finance approved the Successor Agency’s Long-Range Property Management Plan (“LRPMP”) for the disposition of real estate assets.