Effective, February 1, 2012 all redevelopment agencies in California were dissolved and replaced by successor agencies established pursuant to AB 26. Successor agencies are tasked with paying, performing and enforcing the enforceable obligations of the former redevelopment agencies and winding down the affairs of the former redevelopment agencies.
The Successor Agency is organized under the provisions of the California Community Redevelopment Law. The Successor Agency is subject to the financial accountability of the Successor Agency Board that is comprised of the City Council of the City of Palmdale and accordingly, is a component unit of the City although it is a separate legal entity. The five members of the City Council serve as members of the governing board of the Successor Agency.