CC RES 2012-006 RESOLUTION NO. 2012-06
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES
PURSUANT TO ASSEMBLY BILL 936 CONCERNING FORGIVENESS OF LOANS,
ADVANCES, OR OTHER INDEBTEDNESS.
RECITALS:
A. Assembly Bill 936, effective January 1, 2012, provides that by no later
than February 1, 2012, 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 public
body has forgiven the repayment, wholly or partially, of any loans, advances or
indebtedness owed to the public body by a redevelopment agency.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO PALOS
VERDES HEREBY FINDS, DETERMINES, RESOLVES, AND ORDERS AS
FOLLOWS:
Section 1. The City has not wholly or partially forgiven the repayment of any
loans, advances or indebtedness owed to the City by a redevelopment agency during
the period of time from January 1, 2010, through December 31, 2011.
Section 2. The City Council hereby authorizes and directs the City Manager to
transmit a copy of this Resolution to the California State Controller within 10 days of the
adoption of this Resolution.
Section 3. The City Clerk shall certify to the adoption of this resolution.
PASSED, APPROVED AND ADOPTED this 17th • - = Janua , 2012.
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ATTEST:
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City Clerk
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES )ss
CITY OF RANCHO PALOS VERDES )
I, Carla Morreale, City Clerk of the City of Rancho Palos Verdes, hereby certify that the
above Resolution No. 2012-06 was duly and regularly passed and adopted by the said
City Council at a regular meeting held on January 17, 2012.
City Clerk