Agendas & Minutes
Agendas are available prior to the meetings. Minutes are available following approval.
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About
The Oversight Board oversees the actions of the Successor Agency and is required to:
- Direct the Successor Agency to dispose of all assets and properties of the former South El Monte Improvement District
- Terminate all existing agreements that do not qualify as enforceable obligations
- Transfer housing responsibilities and amounts of deposits in the Low and Moderate Housing Funds to the City
- Terminate any agreement found that early termination would be in the best interest of the taxing entity
- Determine whether any contracts, agreements, or arrangements between the dissolved South El Monte Improvement District and any private parties should be terminated or renegotiated or reduced liabilities and increase net revenues to the taxing entity