SUCCESSOR AGENCY TO THE MONROVIA REDEVELOPMENT AGENCY
Enforceable Obligation Payment Schedule (EOPS)
Recognized Obligation Payment Schedule (ROPS)
OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE MONROVIA REDEVELOPMENT AGENCY
NOTICE - May 13, 2013 - Meeting Cancellation
NOTICE - April 8, 2013 - Meeting Cancellation
NOTICE - March 11, 2013 - Meeting Cancellation
AGENDA - February 25, 2013 - Special Meeting
AGENDA - February 13, 2013 - Special Meeting / Closed Session
AGENDA - February 13, 2013 - Special Meeting (Note: Related Agenda Report linked through the Agenda is 13mb and may take some time to load)
AGENDA - Februrary 11, 2013 - Meeting Cancelled
AGENDA - January 7, 2013, Regular Meeting
- OB CC-1 Minutes
- OB-1 Due Diligence Review for the Non-Housing Funds and Account Balances of the Former Monrovia Redevelopment Agency
AGENDA - December 10, 2012, Regular Meeting
- OB CC-1 Minutes
- OB-1 Transfer of Housing Functions and Assets
- OB-2 Due Diligence Review for the Non-Housing Funds and Account Balances of the Former Monrovia Redevelopment Agency
- OB-3 Property Management of Successor Agency Properties
NOTICE - December 10, 2012 Proposed Transfer of Housing Assets and Functios Pursuant to California Health and Safety Code Section 34176
NOTICE - November 13, 2012 - Meeting Cancellation
AGENDA - October 15, 2012, Special Meeting
- OB-1 - Approval and Transmittal of the Due Diligence Review for the Low and Moderate Income Housing Fund (Final/Signed)
AGENDA - October 8, 2012, Regular Meeting
- OB CC-1 Minutes
- OB-1 Due Diligence Review for the Low and Moderate Income Housing Fund, Public Comment Session
CANCELLATION NOTICE - September 10, 2012, Regular Meeting
AGENDA - August 20, 2012, Special Meeting
- CC-1 Minutes
- OB-1 Administrative Budget for the Successor Agency
- OB-2 Recognized Obligation Payment Schedule No. 3
- OB-3 Refinancing of the 2007 Subordinated Tax Allocation Notes
NOTICE - July 9, 2012 Meeting Cancellation
NOTICE - June 11, 2012 Meeting Cancellation
AGENDA - May 14, 2012, Special Meeting
- OB CC-1 - Unadopted Minutes
- OB-1 - Redevelopment Property Disposition Procedures
- OB-2 - Amendments to Recognized Obligation Payment Schedules
MONROVIA REDEVELOPMENT AGENCY UPDATES
|February 1, 2012: The Redevelopment Agency has been eliminated.
As of February 1, redevelopment has been eliminated. So now what? The Successor Agency -- which is the City of Monrovia -- will be holding its first public meeting on February 7, 2012. There will be a slight change to the former Agency's usual public meeting schedule; the meeting will be taking place right after the regularly scheduled City Council meeting. For any questions regarding the meeting agenda, please contact Darlene Sanchez at (626) 303-6604.
Jan. 5, 2012: What the Supreme Court's Decision Means to Monrovia's Redevelopment
The State Supreme Court ruling on Dec. 30th upheld Assembly Bill ABx1 26 (dissolution of redevelopment agencies), but overturned and invalidated Assembly Bill AB x1 27 (allowing redevelopment agencies to continue with voluntary payments to the State). This really is a sad day for all communities that have utilized redevelopment to eliminate blight, create jobs and provide affordable housing to improve the lives of countless citizens of the State. All cities will need to make some important decisions within the next 30 days.
Since we believe that the legislators DID NOT intend to abolish redevelopment when adopting AB1X 26 and AB1X 27, and instead, were only seeking to find a way to shift money to help the state budget deficit, there is discussion (within the legislature) about how to bring back redevelopment in some fashion. Additionally, the CRA (California Redevelopment Association), along with the League of California Cities and an advocacy team that includes lobbyists and legal counsel, are currently working with state legislators to introduce legislation to save redevelopment. Even if redevelopment does survive, we are just not sure how much of the Agency we will have to operate going forward. As you can see, there are many more questions then answers, and uncertainty seems to be escalating into the next coming months.
A sliver of good news is that there has been discussion that the legislature wants to keep the affordable housing component alive. If this happens, we will be able to keep 25% of the property tax revenue that can be used for paying debt service, minimal operating expenses, and funding programs such as MAP (Monrovia Area Partnership) and the creation of affordable housing. And on the non-housing side of redevelopment, most of the property tax received by the Agency will still be available to pay for our bonded debt obligations. The damaging blow to Monrovia, and all other local agencies, will be the loss of our ability to stimulate development projects. Over the years we have been very successful in eliminating blight by creating partnerships between property owners, developers, and the Agency. This has allowed us to revitalize Old Town, transform Huntington Drive into a retail hub and a hi-tech corridor, and to start the transformation of the Station Square area. Despite the final outcome of this redevelopment debacle, the City is and will continue to be committed to the Gold Line project. We will continue to work towards ensuring the project stays on track.
Jan. 11, 2012: City of Monrovia Named Successor Agency
The Jan. 11th special City Council meeting was held to further tackle the issue of dissolving of our Redevelopment Agency. In order to comply with the bizarre terms and process the State established with the passing of the ABX1 26 legislation, all redevelopment agencies must be dissolved by February 1, 2012. In order to do so, a successor agency must be formed to carry out the liquidation of all the former Monrovia Redevelopment Agency's assets and obligations. At Wednesday's meeting, the City Council appointed themselves as the successor agency, and will now take on the responsibility of winding down the former agency's affairs. In the meantime, we'll continue to keep you posted on the status of the League and CRA efforts.
Jan. 26, 2012: An Update on SB 659
Since the California Supreme Court decision, the California Redevelopment Association, League of California Cities, and an advocacy team that includes lobbyists and legal counsel have been working with agencies aggressively on a legislative program to restore and reshape redevelopment for the future. However, SB 659, a bill that was to temporarily postpone the February 1 dissolution deadline to allow for the much needed time to work with lawmakers to create a new redevelopment program, has been somewhat losing steam and was not taken up by the Assembly Rules Committee at their last meeting on January 23. The next time the Rules Committee will meet will be today, and hopefully they will see the urgency in addressing the bill. In the meantime, staff has been moving forward with the provisions of AB 26, and has proceeded with naming the City as the successor agency and adopting the enforceable obligation schedule. The next step is to setup the Oversight Board. Once all this is in place, the Agency can move forward with the task of winding down its affairs.
Redevelopment and the MRA
The Monrovia Redevelopment Agency was formed in 1969, and our project area was created in 1973. It has been the backbone of progress in our community over the past four decades, and today it now includes an Economic Development focus. To learn more about this history, click here here to see our past projects.
Here’s just a snapshot of the Agency’s accomplishments:
Created and Saved Jobs
In the Agency’s history, it has completed more than 150 projects, accounting for more than $300 million of total private investment and $40 million in public investment. This work has led to the creation of 3,250 jobs, and the creation and attraction of our top sales tax revenue and property tax generators
Since 1973, the Agency has created more than 800 low to moderate housing units, created five senior housing facilities, and has invested $5.7 million towards the creation of affordable housing in the past 10 years. This included the development of four new homes with the help of Habitat for Humanity in 2010.
Enhanced Public Safety and the Community
Redevelopment reduces crime by funding the award-winning Monrovia Area Partnership program, which empowers residents in lower-socio economic communities by giving them access to leadership training, education and rehabilitation grants for their homes and neighborhoods.
Partners with Schools
The Agency has a long and positive history of partnership with the Monrovia Unified School District. In 1984, the Agency helped create the $2 million MUSD headquarters on E. Foothill Boulevard. Each year, the Monrovia Redevelopment Agency contributes 7 percent of its $6.5 million worth of tax increment to the Monrovia Unified School District and Citrus College. In the last five years alone, MUSD received $1.6 million from the Monrovia Redevelopment Agency.
Planning for the Future
Redevelopment dollars have paved the way for the transit-oriented project known as Station Square Transit Village, an 80-acre development located in the southern region of Monrovia. The creation of Station Square will lead to hundreds of additional new jobs for Monrovia. To learn more about Station Square, click here.
Have more questions about Redevelopment? Click here to read the Frequently Asked Questions about Redevelopment and the Monrovia Redevelopment Agency.