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PRESS RELEASE / ANNOUNCEMENTS Wednesday, February 29, 2012

Recruiting for Oversight Boards of Former Redevelopment Agencies

On February 1, 2012, all redevelopment agencies in California including seven in Santa Barbara County were dissolved and the process for unwinding their financial affairs began.


The County of Santa Barbara is currently soliciting applications from the public-at-large to fill member appointments on the Successor Agency Oversight Boards of each of the (7) former Redevelopment Agencies (RDAs) throughout the County of Santa Barbara. The Oversight Board is generally intended to supervise the activities of the RDA Successor Agency and ensure the former RDA’s assets are distributed to the taxing entities expeditiously and in a manner that maximizes value. The Oversight Board has a fiduciary responsibility to holders of obligations of the former RDA and to the taxing entities that would benefit from the distribution of revenues generated by the liquidation of RDA assets.

Qualified applicants will possess a general understanding of government/public finance and have experience working with development projects and/or governmental and educational entities.

Applications for these positions are available online at www.countyofsb.org, at the Office of the Clerk of the Board of Supervisors located in the County Administration Building, Fourth Floor, 105 East Anapamu Street, Room 407, Santa Barbara or by calling the Clerk of the Board Office at (805) 568-2240. Applicants must be a resident of the County of Santa Barbara. Deadline for the submission of applications to the Clerk of the Board Office is Wednesday March 7, 2012. Late applications will not be accepted.

For more information regarding Redevelopment Agencies, Successor Agencies and Oversight Boards, visit the California Legislative Analyst’s website. For specific information regarding this Board, contact Errin Briggs at (805) 568-2047.

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