TICK TOCK: To Surplus or NOT to Surplus, That’s the Question

REMINDER: TIME SENSITIVE! To SURPLUS or NOT to SURPLUS: That is the question? Assembly Bill 1486 (“AB 1486”), approved and effective January 1, 2020, revised the California Surplus Land Act (Govt. Code Sect.54220) (“Act or Surplus Land Act”) to expand requirements for local agencies; fundamentally altering the required process to sell and dispose of designated…

To Surplus or NOT to Surplus-That’s the Question

To SURPLUS or NOT to SURPLUS: That is the question? – Assembly Bill 1486 (“AB 1486”), approved and effective January 1, 2020, revised the California Surplus Land Act (Govt. Code Sect.54220) (“Act or Surplus Land Act”) to expand requirements for local agencies; fundamentally altering the required process to sell and dispose of designated surplus property.…

Recently Sold Properties

Kosmont Realty Corporation (KRC) is proud to present recently sold Redevelopment Agency (RDA) dissolution properties. KRC is succeeding at selling former RDA assets!

With RDAs Axed, Time to Unload Debt Property

Two and a half months ago, they lost their battle against the state to keep redevelopment agencies alive. Now, in a complicated, untested process that’s likely to take years, local government officials are members of a select group serving on new boards charged with overseeing the agencies’ demise.