Dissolved by the California Legislature in February 2012, Madera’s Redevelopment Agency had an exemplary track record for the completion of successful projects. During its existence, the Agency built a reputation for developing high quality projects, supporting the business community and meeting the needs of the residents, who together make Madera a better city to live, work and play. Redevelopment Agency efforts included projects in the areas of:
Established in 1990, the Madera Redevelopment Project Area encompasses 4,207.7 acres. Since inception, assessed valuation increased from $248,082,078 to $557,533,230. This represents an increase of $125%.
Redevelopment Plan Adoption
December 17, 1990, Ordinance No. 565 C.S. First Amendment, April 3, 1996, Ordinance No. 654 C.S. Second Amendment, June 19, 1999, Ordinance No. 700 C.S. Third Amendment, March 19, 2008, Ordinance No. 833 C.S.
Project Area Information
Original Project Area: 2,285.7 acres Second Amendment: 1,325 acres Third Amendment: 597 acres Total: 4,207.7 acres
Period for Incurring Debt
December 17, 2020 is the date for no further indebtedness, but tax increment will continue to be collected until existing debt is repaid. Maximum Bond Indebtedness: $444,000,000 Maximum Tax Increment (on original Project Area): $1,080,000,000
For copies of meeting documents and reports from the meetings listed below and for preceding years, contact Claudia Mendoza at (559) 661-5113. Note: The last meeting of the Madera Redevelopment Agency was January 11, 2012 as a result of the California Supreme Court decision on December 29, 2011 upholding ABx1 26, eliminating all redevelopment agencies in California.
|Meeting Agendas||Adopted Minutes|
|03-06-2011 Special Meeting||03-06-2011|
Pursuant to AB 987, redevelopment agencies are required to compile and maintain a database of existing, new, and substantially rehabilitated housing units assisted with moneys from the Low and Moderate Income Housing Fund, or used to satisfy the agency’s replacement housing or production obligations. The database must be updated annually and made available to the public on the Internet. Six housing programs are detailed on the attached databases. Please be aware this is not a listing of current available housing.
Pursuant to AB 1X 26, at a special meeting of the Madera Redevelopment Agency held on August 17, 2011, the Agency Board adopted the Enforceable Obligation Payment Schedule (EOPS) by Resolution No. MRA-1490. A copy of the payment schedule can be viewed on the link below.
At the January 11, 2012 meeting of the Madera Redevelopment Agency, the Agency Board adopted an updated Enforceable Obligation Payment Schedule (EOPS) by Resolution No. MRA-1496 to cover the period beginning January 1, 2012 through June 30, 2012. A copy of the resolution and updated EOPS can be viewed at the link below.