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HomeMy WebLinkAboutOB Res 12-05 2012-07-25 RESOLUTION NUMBER OB12-05 A RESOLUTION OF THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE SEAL BEACH REDEVELOPMENT AGENCY DIRECTING THE SUCCESSOR AGENCY TO TRANSFER HOUSING RESPONSIBILITIES AND ALL ASSETS, RIGHTS, POWERS, DUTIES AND OBLIGATIONS RELATING TO THE HOUSING FUNCTIONS OF THE REDEVELOPMENT AGENCY TO THE ORANGE COUNTY HOUSING AUTHORITY AS THE ENTITY ASSUMING THE REDEVELOPMENT AGENCY'S HOUSING FUNCTIONS PURSUANT TO AB X1 26 RECITALS: A. Health and Safety Code Section 34176(a) authorizes a city that created a redevelopment agency to not elect to retain the housing assets and functions previously performed by the redevelopment agency. Pursuant to Section 34176(a), if a city does not elect to retain the responsibility for performing housing functions previously performed by the redevelopment agency, all assets, rights, powers, duties, and obligations, excluding any amounts on deposit in the Low and Moderate Income Housing Fund, shall be transferred to the applicable housing authority for the jurisdiction which, in this case, is the Orange County Housing Authority. B. Health and Safety 34176(c) provides that the entity assuming the housing functions formerly performed by the redevelopment agency may enforce affordability covenants and perform related activities pursuant to applicable provisions of the Redevelopment Law, including, but not limited to, Health and Safety Code Section 33418. C. By City Council Resolution 6225, adopted on February 27, 2012, the City Council of the City of Seal Beach ("City") elected not to assume the housing assets, duties, obligations and functions formerly performed by the Seal Beach Redevelopment Agency ("RDA"). AB X1 26 requires that the Oversight Board direct the Successor Agency to transfer housing responsibilities and all assets, rights, powers, duties and obligations relating to the housing functions of the RDA to the entity assuming the housing functions to the Orange County Housing Authority. NOW, THEREFORE, THE OVERSIGHT BOARD TO THE SUCCESSOR AGENCY TO THE SEAL BEACH 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. The Oversight Board hereby directs the Successor Agency to transfer housing responsibilities and all assets, rights, powers, duties and obligations relating to the housing functions of the RDA to the Orange County Housing Authority, including those assets and obligations listed on Exhibit A, attached hereto and incorporated by this reference. The officers of the Oversight Board and the staff of the Successor Agency are hereby authorized and directed, jointly and severally, to do any and all things which they may deem necessary or advisable to effectuate this Resolution. 1 2805-0001\1 476849v 1.doc Resolution Number 0812-05 PASSED, APPROVED AND ADOPTED by the Oversight Board at a meeting held on the 25th day of July , 2012. AYES: Board Membersdas_a_. / 'I' its Al ' i i '.1 i / � • V n / NOES: Board Members: `� ABSENT: Board Members: t1 �J f{/�/J� I ABTAIN: Board Members: / 0 ? ■ / ' T CHAIR, OVERSIGHT Bo • RD ATTEST: lay//./.. al As' SEC"ETAR-Y, OVERSIGHT BOARD STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS CITY OF SEAL BEACH ) iI, Linda Devine, Secretary to the Oversight Board, hereby certify that the foregoing resolution was duly adopted at a meeting of the Oversight Board, held on the 25th day of July , 2012. Y kda i vanh;/ SE RETARY, OVERSIGHT BOARD I 2 12805-0001\1476849v 1.doc EoczrU O 0 O U 0 O N 3 m n I N co U) in a) a) -o -o N Q Q N 7 T to co 2 2 m W W m C 0 0 O L U) L_ m C a) -o N a) O -° C) O 4 C m R N Tr a a) a) a) C C N O O N m n CID W d 0 2 cr w I 3 U H m 0 co Z fps C Z J W N lb y N a) I N O O o a) ZQ Q a) .. w 0 m o c° w 2 Z N w C 5 S CO X f/) a) a) - ro• Q J V Q ❑ -O m W = m a1 5 7) o L. 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