RPVCCA_CC_SR_2012_01_17_04_RDA_Dissolution_Compliance_With_Assembly_Bill_936CrrvOF
MEMORANDUM
REVIEWED:
Staff Coordinator:
TO:
FROM:
DATE:
SUBJECT:
HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
CAROL LYNCH,CITY ATTORNEY
ROBIN HARRIS,DEPUTY CITY ATTORNEY ~
DENNIS McLEAN,DIRECTOR OF FINANCE &INFORMATION
TECHNOLOGY
JANUARY 17,2012
NEXT STEPS IN REDEVELOPMENT AGENCY DISSOLUTION -
COMPLIANCE WITH ASSEMBLY BILL 936 REGARDING FORGIVEN
DEBT
CAROLYN LEHR,CITY MANAGER ~
Kathryn Downs,Deputy Director of Finance &Information
Technology lUf)
RECOMMENDATION
Adopt Resolution No.2012-__,A 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.
EXECUTIVE SUMMARY
On December 29th
,in response to the lawsuit filed by the California Redevelopment
Association and the League of California Cities,the California Supreme Court largely
upheld AB X1 26 (the redevelopment agency dissolution law)and struck down AB X1 27
(the voluntary alternative redevelopment program).The City Attorney's office is continuing
to work through the legal analysis of the complex issues that have been created by this
decision.
Over the coming weeks,there will be a number of action items brought before the City
Council that are related to redevelopment agency dissolution,such as consideration ofthe
attached resolution which also appears on the Agency's agenda.Staff is preparing a
PowerPoint presentation to provide an overview of the impact of Agency dissolution,
including next steps.A hard copy of the PowerPoint will also be provided to the City
Council as late correspondence.
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NEXT STEPS IN REDEVELOPMENT AGENCY DISSOLUTION -
COMPLIANCE WITH ASSEMBLY BILL 936 REGARDING FORGIVEN
DEBT
January 17,2012
Page 2 of2
BACKGROUND
Assembly Bill 936,which became effective on January 1,2012,provides that by 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,wholly or partially,the repayment of
any loans,advances or indebtedness owed to or by the redevelopment agency,as
appropriate.In the event that such repayment has been forgiven,then the resolution must
state the name of the public body to which the agency owes the debt or from which the
agency was due the debt,the amount forgiven,the terms of the indebtedness,and the
fiscal effect of the forgiveness on the redevelopment agency and the public body.A copy
of the resolution must be sent to the City Council and the State Controller no less than ten
days after adoption.
Staff has confirmed that during the period of time from January 1,2010,through December
31,2011,the Agency has not forgiven,wholly or partially,repayment of any loans,
advances or other indebtedness owed to it by any public body,nor has any public body
forgiven,wholly or partially,repayment of any loans,advances or other indebtedness owed
to it by the Agency.Staff has prepared the attached resolution for consideration by the
City,as required by AB 936,to declare that no such forgiveness has occurred.
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RESOLUTION NO.2012-_
A 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 AND ADOPTED this 17th day of January,2012.
Mayor
ATTEST:
City Clerk
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