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HomeMy WebLinkAboutCC AG PKT 2012-01-23 #GSUMMARY OF REQUEST: Staff recommends that the: 1. City Council adopt Resolution No. 6215; and 2. Redevelopment Agency adopt Resolution No. 12 -02. BACKGROUND: ANALYSIS: JOINT CITY COUNCIL AND REDEVELOPMENT AGENCY AGENDA STAFF REPORT Agenda Item G DATE: January 23, 2012 TO: Honorable Mayor and City Council /Agency Members THRU: Jill R. Ingram, City Manager /Executive Director FROM: Mark H. Persico, AICP, Director of Development Services SUBJECT: LOAN FORGIVENESS REPORT PURSUANT TO AB 936 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 resolutions for consideration by the City and the Agency, as required by AB 936, to declare that no such forgiveness has occurred. ENVIRONMENTAL IMPACT: There will be no environmental impacts associated with any of the decisions outlined above. LEGAL ANALYSIS: The City Attorney has reviewed and approved as to form. FISCAL IMPACT: No fiscal impact. RECOMMENDATION: That the City Council adopt Resolution Agency adopt Resolution No. 12 -02. SUBMITTED BY: Mark H Persico, AICP Director of Development Services Attachments: A. City Council Resolution No. 6215 B. Redevelopment Agency Resolution No. 12 -02 Page 2 No. 6215 and that the Redevelopment NOTED AND APPROVED: lin nager/ R. Ingram, City Executive Director RESOLUTION NUMBER 12-02 A RESOLUTION OF THE SEAL BEACH REDEVELOPMENT AGENCY PURSUANT TO ASSEMBLY BILL 936 CONCERNING FORGIVENESS OF LOANS, ADVANCES, OR OTHER INDEBTEDNESS RECITALS: A. The Seal Beach Redevelopment Agency (the "Agency ") is a redevelopment agency in the City of Seal Beach (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 SEAL BEACH 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 Seal Beach and to the Califomia State Controller within 10 days of the adoption of this Resolution. Section 3. The Agency Secretary shall certify to the adoption of this resolution. (Intentionally Left Blank) Resolution Number 12 -02 PASSED, APPROVED and ADOPTED by the Seal Beach Redevelopment Agency at a regular meeting held on the 23rd day of January , 2012 by the following vote: AYES: Agency Members NOES: Agency Members ABSENT: Agency Members ABSTAIN: Agency Members ATTEST: Secretary/City Clerk STATE OF CALIFORNIA } COUNTY OF ORANGE } SS CITY OF SEAL BEACH } I, Linda Devine, Secretary/City Clerk of the City of Seal Beach, do hereby certify that the foregoing resolution is the original copy of Resolution Number 12 -02 on file in the office of the City Clerk, passed, approved, and adopted by the Seal Beach City Council at a regular meeting held on the 23rd day of January , 2012. Secretary/City Clerk Chair