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SUBMITTAL TO THE BOARD OF SUPERVISORS COUNTY OF RIVERSIDE, STATE OF CALIFORNIA FROM Supervisor John Tavaglione SUBMITTAL DATE: December 11, 2012 SUBJECT: City of Riverside Successor Agency Oversight Board Of R1 ,y t 0 E O RECOMMENDED MOTION: That the Board of Supervisors appoint Supervisor -Elect Kevin Jeffries to represent the Board of Supervisors on the City of Riverside Successor Agency Oversight Board. BACKGROUND: On January 10, 2011, Governor Brown, as part of the statewide budget process, proposed the elimination of redevelopment agencies throughout California to be effective for Fiscal Year 2011 -2012. The Governor's budget proposed stated that, while existing projects would not be affected, the $1.7 billion that would have gone to redevelopment agencies would be shifted to the State General Fund to backfill the 2011 -2012 budget. Future year redevelopment tax increment would be slated for school districts, special districts and other local services. With the City of Riverside identified as the Successor Agency, the City of Riverside is required to have an Oversight Board. The Oversight Board shall consist of seven members, two of which are to be appointed by the County Board of Supervisors. Supervisor Tavaglione will step down from his position on the Successor Agency Oversight Board as part of this action. 1__--� RECEIVED JAN - 9 2013 CITY OF RIVERSIDE CITY MANAGER'S OFFICE MINUTES OF THE BOARD OF SUPERVISORS On motion of Supervisor Tavaglione, seconded by Supervisor Stone and duly carried by unanimous vote, IT WAS ORDERED that the above matter is approved as recommended. Ayes: Buster, Tavaglione, Stone, Benoit and Ashley Nays: None Kecia Harper -Them Absent: None CleVJ r Date: December 11, 2012 // By: xc: Supvr. Tavaglione, Bo &rd, Appointee, COB FO RM 11 Prev.Agn.ref. (Rev. 8/96) • 1 05 Dist. AGENDA NO. 2nd