Dissolution Documents

Dissolution Documents and Due Diligence Reports

HSC Section 34179.5 requires each Successor Agency to employ a licensed accountant, approved by the County Auditor-Controller and with experience and expertise in local government accounting, to conduct a due diligence review to determine the unobligated balances available for transfer to taxing entities. As an alternative, an audit provided by the County Auditor-Controller that provides the information required by this section may be used to comply with this section with the concurrence of the Oversight Board. 

Due Diligence reviews of all other funds and accounts must be submitted to the Oversight Board for the Successor Agency, the County Auditor-Controller, the State Controller’s Office, and Finance by December 15, 2012. The Oversight Board has until January 15, 2013 to review, approve, and transmit to Finance and County Auditor-Controller the determination of the amount of cash and cash equivalents that are available for disbursement to taxing entities. The City of Hollister has completed the due diligent documents in time for review and acceptance by the State of California.   

Long-Range Implementation Plan 

Pursuant to Health & Safety Code 34191.5, within six months after receiving a Finding of Completion from Finance, the Successor Agency is required to submit for approval to the Oversight Board and Finance a Long Range Property Management Plan that addresses the disposition and use of the real properties of the former redevelopment agency. The City of Hollister Successor Agency continues to manage and complete active redevelopment projects during the dissolution of the Redevelopment Agency. Included are past 5- Year RDA Implementation Plan and the Long Range Management Plan