The Madera City Council elected to serve as the Successor Agency to the former Madera Redevelopment Agency at their meeting on January 11, 2012.
Each Successor Agency has an Oversight Board that has authority over the former redevelopment agency and its financial affairs. The Oversight Board is comprised of representatives of the local agencies that serve the redevelopment project area, which include the city, the county, special districts and K-14 educational agencies. Oversight Board members have a fiduciary responsibility to holders of enforceable obligations, as well as to the local agencies that would benefit from property tax distributions from the former redevelopment project area.
The Oversight Board is made up of the following seven (7) members:
The Oversight Board will hold regular meetings at 9:00 a.m. in the Madera City Hall Council Chambers on the Monday immediately following the meeting of the Successor Agency. In most instances, the meetings will fall on the third Monday of the month, but may vary from month to month. Special meetings may be scheduled should a holiday conflict with a regular meeting date. All meetings are open to the public and governed by the rules of the Ralph M. Brown Open Meeting Act.
Oversight Board Approval of Successor Agency Recognized Obligation Payment Schedule (ROPS)
Oversight Board Approval of Successor Agency Administrative Budgets