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CC Resolution 11321RESOLUTION NO. 11321 RESOLUTION OF THE CITY OF CAMPBELL TO EXPRESS ITS INTENT TO SERVE AS THE SUCCESSOR AGENCY OF THE CITY OF CAMPBELL REDEVELOPMENT AGENCY PURSUANT TO HEALTH AND SAFETY CODE SECTION 34171(j) AND SECTION 34173 AND TO ELECT TO RETAIN THE HOUSING ASSETS AND FUNCTIONS PREVIOUSLY PERFORMED BY THE CITY OF CAMPBELL REDEVELOPMENT AGENCY PURSUANT TO HEALTH AND SAFETY CODE SECTION 34176 WHEREAS, Assembly Bill xl 26 (the "Dissolution Act") and Assembly Bill xl 27 (the "Voluntary Program Act") have been enacted to significantly modify the Community Redevelopment Law (Health & Safety Code §§ 33000, et se .; the "Redevelopment Law"); and WHEREAS, the Dissolution Act, through the addition of Part 1.8 to the Redevelopment Law, has suspended all new redevelopment activities and incurrence of indebtedness as of its effective date, and through the addition of Part 1.85 to the Redevelopment Law ("Part 1.85"), will dissolve redevelopment agencies on October 1, 2011; and WHEREAS, under the Voluntary Program Act, through the addition of Part 1.9 to the Redevelopment Law, the City of Campbell Redevelopment Agency (the "Agency") can avoid dissolution under the Dissolution Act if the City of Campbell (the "City") elects to opt into an alternative voluntary redevelopment program requiring specified annual remittances to local school and special districts ("Remittance Payments"); and WHEREAS, the City has elected not to enact the ordinance set forth in Section 34193(a) of the Redevelopment Law to opt into the alternative voluntary redevelopment program under the Voluntary Program Act, and the City has elected not to make the Remittance Payments; and WHEREAS, the Agency shall be dissolved in accordance with, and pursuant to, the Dissolution Act; WHEREAS, Section 34171(j) of the Redevelopment Law (as added by Part 1.85) provides that the city that authorized the creation of the redevelopment agency shall be the "successor agency" to the redevelopment agency dissolved pursuant to Section 34170 of the Redevelopment Law (as added by Part 1.85); and WHEREAS, Section 34173 of the Redevelopment Law (as added by Part 1.85) provides that the "successor agency" as defined in Section 34171(j) of Part 1.85 is designated as the successor entity to the former redevelopment agency; and WHEREAS, Section 34176 of the Redevelopment Law (as added by Part 1.85) provides that the city that authorized the creation of a redevelopment agency may elect to retain the housing assets and functions previously performed by the former redevelopment agency; and 1 103\01\1013373.1 WHEREAS, the City intends to, and shall serve as, the successor agency for the Agency in accordance with Section 34171(j) and Section 34173 of the Redevelopment Law (as added by Part 1.85); and WHEREAS, the City desires to elect to retain the housing assets and functions previously performed by the Agency in accordance with Section 34176 of the Redevelopment Law (as added by Part 1.85). NOW, THEREFORE, BE IT RESOLVED, the City hereby accepts the designation, and hereby declares its intent, to serve as the successor agency for the Agency in accordance with Section 34171(j) and Section 34173 of the Redevelopment Law (as added by Part 1.85); BE IT FURTHER RESOLVED, the City hereby elects to retain the housing assets and functions previously performed by the Agency in accordance with Section 34176 of the Redevelopment Law (as added by Part 1.85); BE IT FURTHER RESOLVED, that the City Manager, or his or her designee, is hereby authorized to file a copy of this resolution with the County Auditor in accordance with Part 1.85; and BE IT FURTHER RESOLVED, that the City Manager, or his or her designee, is hereby authorized to take such additional actions, and to execute all documents necessary and appropriate, for the City to obtain the housing assets of the Agency pursuant to Section 34176 of the Redevelopment Law (as added by Part 1.85). The above and foregoing resolution was duly and regularly passed and adopted at a meeting by the City Council of the City of Campbell on the 2nd day of August, 2011, by the following vote: AYES: Councilmembers: Waterman, Low, Cristina, Kotowski, Baker NOES: Councilmembers: None ABSENT: Councilmembers: None ABSTAIN: Councilmembers: None I certify that the foregoing is a true and correct copy of the original Resolution on file in the office of the City Clerk of Campbell. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official Seal of said City, this 2nd,~~ day of August , 2011. 2 l03\01 \1013373. l Anne Bybee , City Cleric (SEAL, Approved: ~ ~. Jason T a er, , Mayor 103\01\1013373.1