Approve budget for successor agency managing old redevelopment debts

Redevelopment AgencyBudgetResolution

Resolution 20-2

In Plain English

When California eliminated redevelopment agencies in 2011, cities created successor agencies to pay off remaining debts and close out projects. Richmond's successor agency needs annual approval for its payment schedule and operating budget. This covers July 2021 through June 2022 obligations from the former Richmond Community Redevelopment Agency.

Auto-generated summary. Source: official agenda documents.

Votes

Approve consent calendar

Passed

7 to 0

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