On December 29, 2011 the California Supreme Court issued a decision in the California Redevelopment Association v. Matosantos case. The case addressed the legality of the State budget bills to dissolve redevelopment agencies and redirect redevelopment assets and funds to State obligations, unless the cities and counties opted to make voluntary payments to the State. The Court found the Dissolution Act (AB1x 26) constitutional and the Alternative Redevelopment Program Act (AB1x 27) unconstitutional. Thus, all redevelopment agencies in California were dissolved on February 1, 2012.
On January 24, 2012, the Antioch City Council opted to be the Successor Agency to the Antioch Development Agency and to act as the Housing Successor to the Antioch Development Agency. The Successor Agency is tasked with liquidating the assets of the former Antioch Development Agency; paying off the Agency’s debts; and generally winding down the affairs of the former Antioch Development Agency, with certain approval authority vested in the Oversight Board appointed by various entities.
The roster of the Oversight Board may be found below: