RDA RES 2012-001 RESOLUTION NO. RDA 2012-01
A RESOLUTION OF THE RANCHO PALOS VERDES REDEVELOPMENT AGENCY
PURSUANT TO ASSEMBLY BILL 936 CONCERNING FORGIVENESS OF LOANS,
ADVANCES, OR OTHER INDEBTEDNESS.
RECITALS:
A. The Rancho Palos Verdes Redevelopment Agency (the "Agency") is a
redevelopment agency in the City of Rancho Palos Verdes (the "City"), created pursuant to the
Community Redevelopment Law (Part 1 (commencing with Section 33000) of Division 24 of the
California Health and Safety Code) (the "Redevelopment Law").
B. Assembly Bill 936, effective January 1, 2012, provides that by no later than
February 1, 2012, a redevelopment agency or a public body must adopt a resolution stating
whether or not during the period of time from January 1, 2010, through December 31, 2011, the
redevelopment agency or public body has forgiven the repayment, wholly or partially, of any
loans, advances, or indebtedness owed to or owed by the redevelopment agency, as
appropriate.
NOW, THEREFORE, THE RANCHO PALOS VERDES REDEVELOPMENT AGENCY
HEREBY FINDS, DETERMINES, RESOLVES, AND ORDERS AS FOLLOWS:
Section 1. The Agency has not wholly or partially forgiven the repayment of any
loans, advances, or indebtedness owed to the Agency by any public body during the period of
time from January 1, 2010, through December 31, 2011.
Section 2. No public body has wholly or partially forgiven the repayment of any
loans, advances, or indebtedness owed by the Agency to such public body during the period of
time from January 1, 2010, through December 31, 2011.
Section 2. The Agency hereby authorizes and directs the Executive Director to
transmit a copy of this Resolution to the City Council of the City of Rancho Palos Verdes and to
the California State Controller within 10 days of the adoption of this Resolution.
Section 3. The Agency Secretary shall certify to the adoption of this resolution.
PASSED, APPROVED AND ADOPTED this 17th day o an c ry, 20 2.
I/
Age cy Chair
Attest:
G/';;
Agency Secretary
State of California )
County of Los Angeles ) ss
City of Rancho Palos Verdes )
I, Carla Morreale, Agency Secretary of the Rancho Palos Verdes Redevelopment
Agency hereby certify that the above Resolution No. RDA 2012-01 was duly and regularly
passed and adopted by the said Redevelopment Agency at a regular meeting thereof held on
January 17, 2012.
Lai"
Agency Secretary