CC Resolution 11718RESOLUTION NO. 1171s
RESOLUTION OP THE SUCCESSOR AGENCY OF THE FORMER
REDEVELOPMENT AGENCY OF THE CITY OF CAMPBELL APPROVING
A PROFIT PARTICIPATION AGREEMENT WITH TAXING
JURISDICTIONS OF THE FORMER REDEVELOPMENT AGENCY
WHEREAS, pursuant to ABxI 26 enacted in June 201 ] (as amended by AB 1484
enacted in June 2012; the "Dissolution Law"), the Redevelopment Agency of the City of
Campbell (the "Dissolved RDA") was dissoh~ed as of February 1, 2012, and the City of
Campbell acting in a separate limited capacity and known as the Successor Agency of the
Redevelopment Agency of the City of Campbell, has elected to serve as the successor agency
(the "Successor Agency") of the Dissolved RDA; and
WHEREAS, pursuant to Health and Safety Code Section 34173(g), as added by the
Dissolution Law, the Successor Agency is a separate legal entity from the City of Campbell (the
"City"); and
WHEREAS, the City Council (the "City Council") of the City serves in a separate
capacity as the governing board of the Successor Agency; and
WHEREAS, the Successor Agency is charged with paying the enforceable obligations,
disposing of the properties and other assets; and unwinding the affairs of the Dissolved RDA;
and
WHEREAS, an oversight board for the Successor Agency (the "Oversight Board") has
been formed and is fimetioning in accordance with Health and Safety Code Section 34179; and
WHEREAS, the real property and specified other assets of the Dissolved RDA were
transferred to the ownership and control of the Successor Agency as of February 1, 2012
pursuant to Health and Safety Code Section 34175(b), including the following five sites of real
property (collectively, the "Properties") within the Project Area and subject to the
Redevelopment.Plan:
• APN: 305-22-040 thru 042 -The Campbell Community Center
• APN: 279-41-060 -The Campbell Historical Museum
• APN: 412-29-008 -Edith Morley Park
• APN: 412-06-076 - "fhe First Street/Orchard City Drive downtown surface
parking lot
• APN: 279-41-062 - A 3,500 square foot vacant dirt lot fronting Civic Center
Drive across from the Library: and
WHEREAS, the Properties were attained by the Dissolved RDA with the intended use for
governmental purpose, except that the 3,500 square foot vacant property did not have an
intended purpose; and
WHEREAS, on April 26, 2013, the Successor Agency received a "Finding of
Completion" from the California Department of Finance (the "DOF") pursuant to Health and
Safety Code Section 34179.7; confirming that the Successor Agency had made specified required
payments under the Dissolution Law; and
WHEREAS, pursuant to Health and Safety Code Section 34191 S(b), the Successor
Agency has prepared and submitted along-Range Property Management Plan (the "PMP") to
the Oversight Board and the DOF which were approved on September 13, 20] 3 and .lanuary 24,
2014, respectively; and
WHEREAS, in accordance with Health and Safety Code Section 34191.5, the Successor
Agency has prepared a PMP, a copy of which is on file with the Finance Director; and
WHEREAS, the PMP provides for the disposition of the Properties to be conveyed to the
City and use of the Properties to remain as they were intended, for a recognized governmental
purpose under the Dissolution Law, except that APN 279-41-062; the 3,500 square foot vacant
property is proposed to be sold with the proceeds remitted to the County Auditor-Controller For
distribution to the affected taxing entities consistent with the Dissolution Law; and
' WHEREAS, the approved PMP required a profit participation agreement be executed by
all taxingjurisdictions with respect to APN 412-06-076 (Downtown surface parking lot at corner
of First Street and Orchard City Drive) as a condition oftransf~cr to the City.
NOW, THEREFORE, BE IT RESOLVED that the Successor Agency hereby approves
the attached profit participation agreement and directs the Successor Agency Executive Director,
or the Executive Director's designee, acting on behalf of the Successor Agency; to execute said
agreement.
ADOPTED on August 5, 20.14 by the governing board of the Successor Agency of the
Redevelopment Agency of the City of Campbell, a separate legal entity; by the following vote, to
wit:
AYES:
Baker, Low, Kotowski, Cristina, Waterman
NOES: None
ABSTAIN: None
ABSENT: None r
Succes r Agency Chair, Richard M. Waterman
ATTES
uccessor Agency Secretary,
Anne Bybee