SA RES 2012-016 RESOLUTION NO. SA 2012-16
A RESOLUTION OF THE SUCCESSOR AGENCY TO THE RANCHO
PALOS VERDES REDEVELOPMENT AGENCY TRANSFERRING
HOUSING FUNCTIONS AND ASSETS.
RECITALS:
A. Pursuant to Health and Safety Code Section 34175(b) and the California
Supreme Court's decision in California Redevelopment Association, et al. v. Ana
Matosantos, et al. (53 Cal.4th 231(2011)), on February 1, 2012, all assets, properties,
contracts, leases, books and records, buildings, and equipment of the Rancho Palos
Verdes Redevelopment Agency (the "Agency") transferred to the Successor Agency to
the Rancho Palos Verdes Redevelopment Agency (the "Successor Agency") by
operation of law.
B. Pursuant to Health and Safety code Section 34176(a), the City Council of
the City of Rancho Palos Verdes (the "City") adopted Resolution No. 2012-15 electing
for the City to retain the responsibility for performing housing functions previously
performed by the Agency, and determining that all of the assets, as allowed by law, and
all rights, powers, liabilities, duties, and obligations associated with the housing
activities of the Agency be transferred to the City.
C. Pursuant to Health and Safety Code Section 34176(a)(2), on July 23,
2012, the City submitted to the State Department of Finance (the "DOF") a list of all
housing assets, including any assets transferred after February 1, 2012 (the "Housing
Assets List").
D. On August 22, 2012, DOF notified the Successor Agency that DOF does
not object to any of the assets or transfers of assets identified on the Housing Assets
List.
E. Health and Safety Code Section 34177(g) directs the Successor Agency
to effectuate transfer of housing functions and assets to the appropriate entity
designated pursuant to Health and Safety Code Section 34176, being the City, and
Health and Safety Code Section 34181(c) provides that the oversight board of the
Successor Agency (the "Oversight Board") shall direct the Successor Agency to transfer
housing assets to the appropriate entity pursuant to Health and Safety Code Section
34176, being the City.
F. On September 5, 2012, the Oversight Board adopted Resolution No. OB
2012-08 directing the Successor Agency to transfer to the City the assets identified on
the Housing Assets List.
NOW, THEREFORE, THE BOARD OF THE SUCCESSOR AGENCY TO THE
RANCHO PALOS VERDES REDEVELOPMENT AGENCY HEREBY FINDS,
DETERMINES, RESOLVES, AND ORDERS AS FOLLOWS:
Section 1. The above recitals are true and correct and are a substantive part
of this Resolution.
Section 2. This Resolution is adopted pursuant to Health and Safety Code
Section 34177(g).
Section 3. The Assignment of Housing Loans in the form presented and on file
with the Secretary of the Successor Agency and the transfer to the City of the assets
described on the Housing Assets List attached hereto as Exhibit A are hereby
approved. Each of the Chair and Vice Chair of the Board and the Executive Director of
the Successor Agency (each, an "Authorized Officer"), acting singly, is hereby
authorized and directed, for and in the name and on behalf of the Successor Agency, to
execute and deliver the Assignment of Housing Loans in substantially said form, with
such changes therein as the Authorized Officer, may approve (such approval to be
conclusively evidenced by the execution and delivery thereof). The Board further
approves the transfer to the City of all rights, powers, duties, and obligations associated
with the housing activities of the former Agency related to the housing assets
transferred pursuant to this Section 3.
Section 4. The Executive Director of the Successor Agency is hereby
authorized and directed to execute and record such documents and instruments and to
do any and all other things which the Executive Director may deem necessary or
advisable to effectuate this Resolution.
PASSED, APPROVED AND ADOPTED this 2nd d O ber, 201 .
Chair
Attes
/ i if, f
Secretary
State of'California )
County of Los Angeles ) ss
City of Rancho Palos Verdes )
I, Carla Morreale, Secretary of the Successor Agency to the Rancho Palos
Verdes Redevelopment Agency hereby certify that the above Resolution No. SA 2012-
16 was duly and regularly passed and adopted by the said Successor Agency to the
Redevelopment Agency at a regular meeting thereof held on October 2, 2012.
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Secretary
Resolution No. SA 2012-16
Page 2 of 2
Loans /Grants Receivables
City of Rancho Palos Verdes
Inventory of Assets Received Pursuant to Health and Safety Code section 34176 (a) (2)
Resolution SA 2012 -16
Exhibit A
Page 1 of 1
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1267320.00
Mercedes Adriana
Mantilla
Purchase of
affordable
housing
Upon sale or
transfer. Due in full
in 45 years.
1267320.00