HomeMy WebLinkAbout26 - NB-1 - Attachment 2 - 2/18/2014ATTACHMENT
City Council Resolution No. 14 -
(attached)
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
COSTA MESA APPROVING AN AGREEMENT TO RE-ESTABLISH
LOAN PURSUANT TO SECTION 34191.4 BY AND BETWEEN THE
CITY OF COSTA MESA AND THE SUCCESSOR AGENCY TO THE
COSTA MESA REDEVELOPMENT AGENCY
WHEREAS, the former Costa Mesa Redevelopment Agency ("former Agency") was
established as a redevelopment agency that was previously organized and existing under the
California Community Redevelopment Law, Health and Safety Code Section 33000, et seq.
("CRL"), and previously authorized to transact business and exercise powers of a
redevelopment agency pursuant to action of the City Council of the City of Costa Mesa
("City"); and
WHEREAS, Assembly Bill x1 26 added Parts 1.8 and 1.85 to Division 24 of the
California Health and Safety Code, which caused the dissolution of all redevelopment
agencies and wind down of the affairs of former agencies, including as such laws were
amended by Assembly Bill 1484 (together, the "Dissolution Laws"); and
WHEREAS, as of February 1, 2012 the former Agency was dissolved pursuant to the
Dissolution Laws and as a separate public entity, corporate and politic the Successor Agency
to the Costa Mesa Redevelopment Agency ("Successor Agency") administers the
enforceable obligations of the former Agency and otherwise unwinds the former Agency's
affairs, all subject to the review and approval by a seven -member oversight board ("Oversight
Board"); and
WHEREAS, the City of Costa Mesa is a California municipal corporation and the
sponsoring community of the Successor Agency under the Dissolution Laws; and
WHEREAS, Section 34179 provides that the Oversight Board has fiduciary
responsibilities to holders of enforceable obligations and the affected taxing entities that
benefit from distributions of property tax and other revenues pursuant to Section 34188 of
Part 1.85 of the Dissolution Laws; and
WHEREAS, the City and Successor Agency desire to enter into that certain
Agreement to Re -Establish Loan Pursuant to Section 34191.4 pursuant to the Dissolution
Laws,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
COSTA MESA:
Section 1. The foregoing recitals are incorporated into this Resolution by this reference,
and constitute a material part of this Resolution and such Recitals evidence the intent of the
parties regarding the Agreement and loan thereunder.
Section 2. Pursuant to the Dissolution Laws, the City approves the Agreement to
Re -Establish Loan Pursuant to Section 34191.4 submitted herewith as Attachment 1., which
Agreement is incorporated herein by this reference.
Section 3. The City Clerk shall certify to the adoption of this Resolution.
APPROVED AND ADOPTED this 18th day of February 2014.
James M. Righeimer, Mayor
City of Costa Mesa
(SEAL)
ATTEST:
Brenda Green, City Clerk
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF COSTA MESA )
I, Brenda Green, City Clerk of the City of Costa Mesa, hereby certifies that the
foregoing resolution was duly adopted by the City Council at a regular meeting held on the
181h day of February 2014, and that it was so adopted by the following vote:
AYES:
NOES:
ABSENT:
(SEAL)
Brenda Green, City Clerk