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Successor Agency

Updated February 25, 2014

JUMP TO: Redevelopment Agency Contributions | Successor Agency Documents / Links

Pursuant to AB 1X 26, as upheld by the Supreme Court in California Redevelopment Association, et al. v. Matosantos, et al. (Case No. S194861), the Cerritos Redevelopment Agency was dissolved on February 1, 2012. In accordance with the provisions of AB 1X 26, the Cerritos City Council passed a resolution on January 12, 2012 determining that the City of Cerritos has elected to serve as the successor agency to the Cerritos Redevelopment Agency (the "Successor Agency").

Cerritos Redevelopment Agency Contributions to Improving the Community

The qualities that make Cerritos one of the best places to live in Southern California — a state-of-the-art police facility, award-winning parks, an exceptional senior center and a world-class performing arts center — were made possible by the Cerritos Redevelopment Agency.

Redevelopment has been extremely important to the City of Cerritos for 40 years. Property tax paid to the Cerritos Redevelopment Agency, known as “tax increment,” paid for the construction of the Cerritos Sheriff’s Station/Community Safety Center, the Cerritos Senior Center at Pat Nixon Park, one gym at Cerritos High School, one gym at Gahr High School, the gym at Whitney High School, Heritage Park Play Island, Liberty Park, the Cerritos Park East Community Center, and the Cerritos Center for the Performing Arts. Property tax increment also funded the construction of the City’s affordable senior housing projects: Emerald Villas, Pioneer Villas, Vintage Cerritos and Fountain Walk. Without redevelopment, none of these community facilities would have been possible.

Redevelopment was also essential for the developments of the Cerritos Towne Center, Los Cerritos Center, Cerritos Auto Square and Cerritos Industrial Park. The financial success of these projects has benefited the entire southeast Los Angeles County region as there are thousands of people employed in the businesses located in these developments. These employees spend their salaries in cities throughout the region, making a significant contribution to local economies.

Successor Agency Related Documents
and Links

Recognized Obligation Payment Schedule (ROPS 14-15A): July 1, 2014 – December 31, 2014 (PDF)
Approved by the Oversight Board on February 25, 2014

*Please note that the ROPS 14-15A is subject to the review and approval by the California Department of Finance. This item will be provided to the California Department of Finance for review in advance of the March 1, 2014 deadline.

Audited Successor Agency to the Redevelopment Agency Financial Statements, June 30, 2013 (PDF)

Recognized Obligation Payment Schedule (ROPS 13-14B): January 1, 2014 – June 30, 2014 (PDF)
Approved by the Oversight Board on September 16, 2013

*Please note that the ROPS 13-14B is subject to the review and approval by the California Department of Finance. This item will be provided to the California Department of Finance for review in advance of the October 1, 2013 deadline.

Recognized Obligation Payment Schedule (ROPS 13-14A): July 1, 2013 – December 31, 2013 (PDF)
Approved by the Successor Agency on February 28, 2013
Approved by the Oversight Board on February 25, 2013

*Please note that the ROPS 13-14A is subject to the review and approval by the California Department of Finance. This item was provided to the California Department of Finance on March 1, 2013 for review.

Audited Successor Agency to the Redevelopment Agency Financial Statements, June 30, 2012 (PDF)

Due Diligence Review of All Other Funds (PDF)
Approved by the Oversight Board on January 11, 2013

Due Diligence Review of the Low-Moderate Income Housing Fund (PDF)
Approved by the Successor Agency on
October 11, 2012
Approved by the Oversight Board on October 12, 2012

Recognized Obligation Payment Schedule (ROPS III): January 1, 2013 – June 30, 2013 (PDF)
Approved by the Successor Agency on August 9, 2012
Approved by the Oversight Board on August 22, 2012

Recognized Obligation Payment Schedule (ROPS II): July 1, 2012 – December 31, 2012 (PDF)
Approved by the Successor Agency on April 23, 2012
Approved by the Oversight Board on May 3, 2012

Recognized Obligation Payment Schedule (ROPS I): January 1, 2012 – June 30, 2012 (PDF)
Approved by the Successor Agency on April 23, 2012
Approved by the Oversight Board on May 3, 2012

Administrative Budget of the Successor Agency: July 1, 2012 – December 31, 2012 (PDF)
Approved by the Successor Agency on April 23, 2012
Approved by the Oversight Board on May 3, 2012

Administrative Budget of the Successor Agency: January 1, 2012 – June 30, 2012 (PDF)
Approved by the Successor Agency on April 23, 2012
Approved by the Oversight Board on May 3, 2012

 

For questions or inquiries related to Successor Agency activities, please call (562) 860-0311.

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