Successor Oversight Board


Oversight Board to the Successor Agency of the South El Monte Improvement District


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, and 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.

 


 Click here  for  Successor Oversight Board Meetings