- 02/23/2017 Request for Interest/Development Concept-3295 Castro Valley Boulevard(1340KB)
The Oversight Board was created pursuant to the state law that dissolved the Alameda County Redevelopment Agency, along with all 400 redevelopment agencies in California, on February 1, 2012. That law, known as AB X1 26, required the County of Alameda (the "County"), as the Successor Agency to the Alameda County Redevelopment Agency ("Agency"), to create a new Oversight Board to oversee certain fiscal management of former Agency funds. In performing that function, the Oversight Board owes a fiduciary duty to the holders of enforceable obligations with the former Agency and to the taxing entities that are entitled to an allocation of property taxes. In addition to the Oversight's fiscal duties under state law, the Board of Supervisors delegated to the Oversight Board the ability to exercise approval authority, in place of the former Agency for two active Agency projects: the Ashland Youth Center Project and the Castro Valley Streetscape Project.