PRETMENT A
* DEPARTMENT OF EDMUND G. BROWN JR. - GOVERNOR
CALIFORN FINANCE 915 L STREET • SACRAMENTO CA • 95814-3706 • WWW.DOF.CA.GOV March 6, 2014
Mr. Emilio Ramirez, Development Director
Riverside City
3900 Main Street, 3rd Floor
Riverside, CA. 92522
Dear Mr. Ramirez:
Subject: Long-Range Property Management Plan
Pursuant to Health and Safety Code (HSC) section 34191.5 (b), the Riverside City Successor Agency (Agency) submitted a Long-Range Property Management Plan (LRPMP) to the California Department of Finance (Finance) on August 19, 2013. The Agency subsequently submitted a revised LRPMP to Finance on February 27, 2014. Finance has completed its review of the LRPMP, which may have included obtaining clarification for various items.
The Agency received a Finding of Completion on April 13, 2013. Further, based on our review and application of the law, we are approving the Agency's use or disposition of all the properties listed on the LRPMP.
In accordance with HSC section 34191.4, upon receiving a Finding of Completion from Finance and approval of aLRPMP, all real property and interests in real property shall be transferred to the Community Redevelopment Property Trust Fund of the Agency, unless that property is subject to the requirements of an existing enforceable obligation. Pursuant to HSC section 34191.3 the approved LRPMP shall govern, and supersede all other provisions relating to, the disposition and use of all the real property assets of the former redevelopment agency.
Agency actions taken pursuant to a Finance approved LRPMP are subject to oversight board (OB) approval per HSC section 34181 (f). Any subsequent OB actions addressing the Agency's implementation of the approved RPMP should be submitted to Finance for approval.
Please direct inquiries to Beliz Chappuie, Supervisor, or Anna Kyumba, Lead Analyst at (916) 445-1546.
Sincerely,
JUSTYN HOWARD
Assistant Program Budget Manager
CC: Mr. Al Zelinka, Community Development Director, Riverside City Ms. Pam Elias, Chief Accountant Property Tax Division, Riverside County Ms. Elizabeth Gonzalez, Bureau Chief, Local Government Audit Bureau, California State Controller's Office
California State Controller's Office