Earlier editions: 2026-07
Title 8 — Finance, Revenue, and Taxation
Redondo Beach Municipal Code Ch. 32 Redevelopment Obligation Retirement Fund
Redondo Beach Municipal Code · 2026-10 edition · updated 2026-10-04 · Redondo Beach
Cite as: Redondo Beach Municipal Code Chapter 32 · Text as of 2026-10-04
§ 8-32.01. Redevelopment obligation retirement fund established.¶
There shall be in the treasury of the City a separate fiduciary fund designated as the redevelopment obligation retirement fund.
(§ 1, Ord. 3092 c.s., eff. August 3, 2012, as amended by § 1, Ord. 3095 c.s., eff. October 4, 2012)
§ 8-32.02. Deposits.¶
There shall be deposited in said fund all successor agency monies from the Redevelopment Agency property tax trust fund established by the County Auditor-Controller.
(§ 1, Ord. 3092 c.s., eff. August 3, 2012, as amended by § 1, Ord. 3095 c.s., eff. October 4, 2012)
§ 8-32.03. Expenditures of fund.¶
Monies in the redevelopment obligation retirement fund shall be used to make payment on those enforceable obligations listed on the recognized obligation payment schedule.
(§ 1, Ord. 3092 c.s., eff. August 3, 2012, as amended by § 1, Ord. 3095 c.s., eff. October 4, 2012)
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