As a result of Assembly Bill X1 26, signed by the Governor on June 28, 2011 and confirmed by the Supreme Court (California Redevelopment Association, et al. v. Matosantos, et al., Case No. S194861) on December 29, 2011, all California redevelopment agencies were effectively dissolved on February 1, 2012 and successor entities became responsible for winding down the affairs of the former redevelopment agencies.

On January 3, 2012, the City Council adopted Resolution No. 12-01 confirming its election to serve in the capacity of "Successor Agency" to the Grover Beach Improvement Agency (redevelopment agency). The Successor Agency is now responsible for winding down the affairs of the former Grover Beach Improvement Agency.

On January 23, 2012, the City Council adopted Resolution No. 12-05 electing to retain all housing and asset functions previously performed by the Improvement Agency.

The Successor Agency’s first enumerated responsibility is to continue to make payments due for enforceable obligations. On or after February 1, 2012, and until a Recognized Obligation Payment Schedule (“ROPS”) becomes operative, only payments required pursuant to an Enforceable Obligations Payment Schedule (“EOPS”) shall be made.

• Resolution No. OB-13-02, adopted February 27, 2013 - Recognized Obligation Payment Schedule (ROPS 13-14A), for the period July 1, 2013 - December 31, 2013
• Resolution No. OB-13-01, adopted January 9, 2013 - Approve forwarding of the Other Funds Due Diligence Report
• Due Diligence Report: Other Funds (June 30, 2012)  
• Resolution No. OB-12-07, adopted October 10, 2012 - Approve forwarding of the Low and Moderate Income Housing Fund Due Diligence Report
• Due Diligence Report: Low and Moderate Income Housing Fund (June 30, 2012)
• Resolution No. OB-12-06, adopted August 27, 2012 - Recognized Obligation Payment Schedule (ROPS), for the period January 1, 2013 - June 30, 2013
• Resolution No. OB-12-05, adopted August 27, 2012 - Determining Loans Between City and Agency are Enforceable Obligations  
• Resolution No. OB-12-03, adopted April 30, 2012 - Recognized Obligation Payment Schedule (ROPS), for the period July 1 - December 31, 2012
• Resolution No. OB-12-02, adopted April 30, 2012 - Recognized Obligation Payment Schedule (ROPS), for the period January 1 - June 30, 2012
• Resolution No. SA-12-01, adopted February 21, 2012 - Initial Draft of the Recognized Obligation Payment Schedule (ROPS)
• Resolution No. IA-12-02, adopted January 23, 2012 - Enforceable Obligation Payment Schedule (EOPS)
• Resolution No. IA-11-09, adopted August 23, 2011 - Enforceable Obligation Payment Schedule (EOPS)

On April 2, 2012, the Grover Beach City Council adopted Resolution No. 12-23 appointing one member to the Oversight Board. Additionally, at the City Council Meeting of April 16, 2012, the Mayor announced his two appointees to the Oversight Board.

The specific duties of the Oversight Board are to approve certain Successor Agency actions.