While cities are busy shutting down their RDA's, other items risk taking a back seat. In one of the South Bay cities served by SBAOR, items related to business taxes and signage that are of importance to REALTORS are due for consideration as soon as city officials finish resolving the RDA before the February 1 deadline.
"As of today’s date, this means our Redevelopment Agency will go out of business as of February 1, 2012," we were told in an email from a city staffer. "City management and the Council are working together on how to address the unintended consequences (i.e. layoffs, budget shortfalls, etc.) It is a very bad time for cities with redevelopment agencies."
Meanwhile, the Los Angeles Times reports today that state legislators are doing some scrambling on their own to fill the gap left by local redevelopment agencies.
On Thursday, one state senator proposed extending the life of the agencies; another wants to replace them with different organizations that could fund environmentally friendly growth.
The agencies are on borrowed time because the California Supreme Court last month upheld Gov. Jerry Brown's elimination of their funding but struck down a compromise that would have let them survive in a lesser form.
