Successor Agency
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Redevelopment Agency Contributions | Successor Agency Documents / Links
Pursuant to AB 1X 26, as upheld by the Supreme Court in California Redevelopment Association, et al. v. Matosantos, et al. (Case No. S194861), the Cerritos Redevelopment Agency was dissolved on February 1, 2012. In accordance with the provisions of AB 1X 26, the Cerritos City Council passed a resolution on January 12, 2012 determining that the City of Cerritos has elected to serve as the successor agency to the Cerritos Redevelopment Agency (the "Successor Agency").
Cerritos Redevelopment Agency Contributions to Improving the Community
The qualities that make Cerritos one of the best places to live in Southern California — a state-of-the-art police facility, award-winning parks, an exceptional senior center and a world-class performing arts center — were made possible by the Cerritos Redevelopment Agency.
Redevelopment has been extremely important to the City of Cerritos for 40 years. Property tax paid to the Cerritos Redevelopment Agency, known as “tax increment,” paid for the construction of the Cerritos Sheriff’s Station/Community Safety Center, the Cerritos Senior Center at Pat Nixon Park, one gym at Cerritos High School, one gym at Gahr High School, the gym at Whitney High School, Heritage Park Play Island, Liberty Park, the Cerritos Park East Community Center, and the Cerritos Center for the Performing Arts. Property tax increment also funded the construction of the City’s affordable senior housing projects: Emerald Villas, Pioneer Villas, Fountain Walk and Ivy Park at Cerritos. Without redevelopment, none of these community facilities would have been possible.
Redevelopment was also essential for the developments of the Cerritos Towne Center, Los Cerritos Center, Cerritos Auto Square and Cerritos Industrial Park. The financial success of these projects has benefited the entire southeast Los Angeles County region as there are thousands of people employed in the businesses located in these developments. These employees spend their salaries in cities throughout the region, making a significant contribution to local economies.
Successor Agency Related Documents
and Links
Recognized Obligation Payment Schedule (ROPS 15-16B): January 1, 2016–June 30, 2016
Approved by the Oversight Board on September 21, 2015
*Please note that the ROPS 15-16B is subject to the review and approval by the California Department of Finance. This item will be provided to the California Department of Finance for review in advance of the October 5, 2015 deadline.
Recognized Obligation Payment Schedule (ROPS 15-16A): July 1, 2015–December 31, 2015
Approved by the Oversight Board on February 23, 2015
Housing Successor Annual Report for Fiscal Year 2018–2019
Audited Successor Agency to the Cerritos Redevelopment Agency Annual Financial Report, June 30, 2014
Recognized Obligation Payment Schedule (ROPS 14-15B): January 1, 2015–June 30, 2015
Approved by the Oversight Board on September 15, 2014
Recognized Obligation Payment Schedule (ROPS 14-15A): July 1, 2014–December 31, 2014
Approved by the Oversight Board on February 25, 2014
Audited Successor Agency to the Redevelopment Agency Financial Statements, June 30, 2013
Recognized Obligation Payment Schedule (ROPS 13-14B): January 1, 2014–June 30, 2014
Approved by the Oversight Board on September 16, 2013
Recognized Obligation Payment Schedule (ROPS 13-14A): July 1, 2013–December 31, 2013
Approved by the Successor Agency on February 28, 2013
Approved by the Oversight Board on February 25, 2013
Audited Successor Agency to the Redevelopment Agency Financial Statements, June 30, 2012
Due Diligence Review of All Other Funds
Approved by the Oversight Board on January 11, 2013
Due Diligence Review of the Low-Moderate Income Housing Fund
Approved by the Successor Agency on October 11, 2012
Approved by the Oversight Board on October 12, 2012
Recognized Obligation Payment Schedule (ROPS III): January 1, 2013 – June 30, 2013
Approved by the Successor Agency on August 9, 2012
Approved by the Oversight Board on August 22, 2012
Recognized Obligation Payment Schedule (ROPS II): July 1, 2012 – December 31, 2012
Approved by the Successor Agency on April 23, 2012
Approved by the Oversight Board on May 3, 2012
Recognized Obligation Payment Schedule (ROPS I): January 1, 2012 – June 30, 2012
Approved by the Successor Agency on April 23, 2012
Approved by the Oversight Board on May 3, 2012
Administrative Budget of the Successor Agency: July 1, 2012 – December 31, 2012
Approved by the Successor Agency on April 23, 2012
Approved by the Oversight Board on May 3, 2012
Administrative Budget of the Successor Agency: January 1, 2012 – June 30, 2012
Approved by the Successor Agency on April 23, 2012
Approved by the Oversight Board on May 3, 2012
For More Information
For questions or inquiries related to Successor Agency activities, please call the Department of Community Development at (562) 916-1201.