Examples of Successor Agency in a sentence
This is critical in determining current fund balances and whether the Successor Agency will face shortfalls in the future, particularly as the CAC distributes deferred litigation settlement payments and the Successor Agency repays SERAF and housing deferral loans.
Any moneys which remain unclaimed for two years after the date such moneys have become due and payable hereunder shall be repaid by the 2003 Bonds Escrow Bank to the Successor Agency and deposited by the Successor Agency in the Debt Service Fund.
The Successor Agency might need to amend its ROPS to account for actual assessed values that are released around August 1 annually.
Since a new Countywide Oversight Board will be implemented in July 2018, it will be important to evaluate actual staff time and resources required to administer the Successor Agency beginning with the Administrative Budget for Fiscal Year 2019-20.
In consideration of the City’s distribution to the Taxing Entities through the Auditor Controller of the sum of $0, (“Fire Station Property Payment”), which amount the Parties agree represents the current fair market value of the Fire Station Property, the Successor Agency shall convey, and the City shall accept, for its own use and development, all of the right, title and interest in and to the Fire Station Property.