Finance

Redevelopment Successor Agency

Required Obligation Payment Schedules (ROPS)

As a result of a  California Supreme Court decision, all redevelopment agencies in California were dissolved on February 1, 2012.  Because of this decision, in 2012, the City Council opted to be the Successor Agency to the Fairfield Redevelopment Agency and for its Housing Authority to act as the Housing Successor to the Fairfield Redevelopment Agency. The Successor Agency is tasked with liquidating the assets of the former Fairfield Redevelopment Agency; paying off the Agency’s debts; and generally winding down the affairs of the former Redevelopment Agency, with certain approval authority vested in the Oversight Board appointed by various entities. The Chair of the Successor Board is Harry Price, and the Vice-Chair is Jim Spering. 

See the agendas of the Successor Agency Oversight Board meetings and approved resolutions and other documents.  Use this link to see a listing of all of the Agency's ROPS. Use this link to access the Housing Successor Agency reports as prepared by the Fairfield Housing Authority. A portion of the property taxes as shown below beginning in fiscal year 2011-12 that is passed through Solano County to the City is accounted for in the general fund.