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HomeMy WebLinkAboutCity Council Resolution 2012-98 and Successor Agency Resolut /2-//�710 oiy Dept.ID ED 12-50-Page'1 of 2 Meeting Date:12119=12 A CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL/ SUCCESSOR AGENCY ACTION MEETING DATE: 12/19/2012 SUBMITTED TO: Honorable Mayor/Chair and City Council/Successor Agency Members SUBMITTED BY: Fred'A. Wilson, City Manager PREPARED BY: Bob Hall, Assistant City Manager/Deputy Executive Director SUBJECT: Adopt Resolutions of the City Council and Successor Agency Authorizing and Processing of Documentation Confirming Ownership of Real Property by the Successor Agency: Statement c f Issue: In response to the elimination of redevelopment agencies, in March 2011 the City Council and the former Redevelopment Agency took various actions to transfer Agency land assets to the.City in order to continue to implement redevelopment in the City. Subsequent to that AB 1x 26 and AB 1484 were signed into law which considered the transfer of assets to be unauthorized and invalid and dissolved the former Redevelopment Agency as of February 1, 2012. The City Council and Successor Agency are being requested to process documentation confirming ownership of the former Redevelopment Agency assets with the Successor Agency. Financial Impact:: The proposed confirmation of ownership of the former Redevelopment Agency assets with the Successor Agency will move the assets from the City's balance sheet to the Successor's Agency's balance sheet. City Council Recommended Action: 1. Approve Resolution No. 2012-98, °A Resolution of the City Council of the City of Huntington Beach, California.Authorizing the Processing of Documentation Reflecting and Confirming Ownership of Real Property_ by the Successor Agency To The Redevelopment Agency of the.City of Huntington Beach"; and, Successor Agency Recommended Action: 1.Approve Resolution No. 2012-09, "A Resolution of the Successor Agency to the Redevelopment Agency of the City of Huntington Beach Authorizing the Processing of.Documentation Reflecting and Confirming Ownership of Real Property". Alternative Action(s): Do not'approve the transfers and/or direct staff accordingly. F -1- Item 1. - 1 Dept.ID ED 12-50-Page 2 of 2 Mesting Date:1019/2012 Analysis: On March 7, 2011, the Redevelopment Agency transferred certain real property and leases from the former Redevelopment Agency to the City. The actions taken were appropriate and necessary at that time to ensure that the City would be able to continue to meet its obligations to complete redevelopment projects and activities through the use of said real property. On April 20, 2012, the California State Controller issued correspondence stating, in part, that "[]if your city...received any assets from a redevelopment agency after January 1, 2011, your city...hereby is ordered to...reverse the transfer and return the applicable assets to the successor agency." On June 27, 2012, the governor signed AB 1484, which made additional changes to AB 1x 26 and California Redevelopment Law to clarify and/or expand certain provisions of the former Redevelopment Agency dissolution and wind down process. Among other items, AB 1484 set out requirements for a Due Diligence Review, the purpose of which is to determine unobligated balances of the Successor Agency available for transfer to taxing entities. The Due Diligence Review will review, among other things, the transfer of assets from the former Redevelopment Agency to the City after January 1, 2011, as well as review the assets transferred from the former Redevelopment Agency to the Successor Agency on February 1, 2012 (the former Redevelopment Agency dissolution date.) Staff recommends the City and Successor Agency take action in a manner consistent with AB 1x 26, AB 1484, and the purported State Controller's order rescinding the previous actions taken in March 2011 to transfer real property from the former Redevelopment-Agency to the City. This action will require processing quitclaim deeds (or other appropriate instruments) reflecting ownership of the former Redevelopment Agency properties by the Successor Agency. Under AB 1484, the State Department of Finance has the authority to determine the amount the Successor Agency owes as a result of the Due Diligence Review. Any payment by the Successor Agency will be distributed to taxing agencies. AB 1484 provides that money can be captured from the City's general fund from sales and use tax and property tax if the Successor Agency does not have the funds to make the payment-a"claw-back". The Successor Agency will be developing a Long Range Property Management Plan for the development, retention, sale, and use of all properties. The Waterfront Disposition and Development Agreement property (Hyatt/Hilton/Parcel C) are recommended for transfer to the Successor Agency. The transfer will be on the Successor's Agency's balance sheet as of September 30, 2012. Environmental Status: Not Applicable. Strategic Plan Goal: Improve long-term financial sustainability Attachment(s): 1. City Council Resolution No. 2012-98, "A Resolution of the City Council of the City of Huntington Beach, California Authorizing the Processing of Documentation Reflecting and.Confirming Ownership of Real Property by the Successor Agency To The Redevelopment Agency of the City of Huntington Beach." 2. Successor Agency Resolution No. 2012-09, "A Resolution of the Successor Agency to the Redevelopment Agency of the City of Huntington Beach Authorizing the Processing of Documentation Reflecting and Confirming Ownership of Real Property." Item 1. - 2 xB -2- ATTACHMENT # 1 RESOLUTION NO. 2012-98 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HUNTINGTON BEACH, CALIFORNIA AUTHORIZING THE PROCESSING OF DOCUMENTATION REFLECTING AND CONFIRMING OWNERSHIP OF REAL PROPERTY BY THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH WHEREAS, the former Redevelopment Agency of the City of Huntington Beach ("Agency") was a redevelopment agency in the City of Huntington Beach ("City"), duly created pursuant to the California Community Redevelopment Law (Part 1 (commencing with Section 33000) of Division 24 of the California Health and Safety Code) ("CRL"); and WHEREAS, the Agency was responsible for the administration of redevelopment activities within the City; and WHEREAS, the Agency and Mayer Financial, L.P. entered into that certain Amended and Restated Disposition and Development Agreement dated as of September 14, 1998 (the "Original Agreement"), as amended by that certain First Implementation Agreement to Amended and Restated Disposition and Development Agreement dated as of May 15, 2000 (the "First Implementation Agreement"), that certain Second Implementation Agreement to Amended and Restated Disposition and Development Agreement dated as of February 5, 2001 (the "Second Implementation Agreement"), that certain 'Third Implementation Agreement to Amended and Restated Disposition and Development Agreement dated as of October 20, 2008 (the "Third Implementation Agreement"), that certain Fourth Implementation Agreement to Amended and Restated Disposition and Development Agreement dated as of October 18, 2010 (the "Fourth Implementation Agreement") and that certain fifth Implementation Agreement to Amended and Restated Disposition and Development Agreement dated as of May 16, 2010 (the Original Agreement, the First Implementation Agreement, the Second Implementation Agreement, the Third Implementation Agreement, the Fourth Implementation Agreement and the Fifth Implementation Agreement may hereinafter be referred to together as the "DDA"). The DDA provides for the phased disposition of the "Site" described therein and the development and operation by Developer on the Site of certain hotel, residential, and related improvements; and WHEREAS, Section 33220 of the CRL provides that certain public bodies may aid and cooperate in the planning, undertaking, construction or operation of redevelopment projects; and WHEREAS, the City and the Agency entered into a number of Cooperation Agreements to continue the effort to redevelop, revitalize and/or eliminate blight in the City to achieve the purposes and goals of the CRL, to repay debt to the City and to provide for affordable housing, as appropriate and as authorized by redevelopment law in effect at the time of approval of said agreements, and 1 I2-3499/85278 Resolution No. 2012-98 WHEREAS, pursuant to such authority set forth in the CRL and other applicable law, on March 7, 2011, by Resolution No_ 2011-17, the City approved and accepted the transfer of certain real property located in the City of Huntington Beach, California, APN Nos. 024-251-01, 024-252-01, and 024-252-02 (collectively, the "Agency Property"). The Agency Property is the same as the"Site' under the DDA; and WHEREAS, pursuant to Resolution No. 2011-17, the City executed a certificate of acceptance ("Certificate of Acceptance") for the Agency deed designed to transfer ownership of the Agency Property from the Agency to the City("Agency Deed"); and WHEREAS, on or about March 10, 2011,.the Agency Deed, along with the Certificate of Acceptance, was recorded in the official records of the County of Orange; and WHEREAS, neither the Cooperation Agreements nor the purported transfer of the Agency Property (or any of the related documents and actions) were challenged within the applicable statute of limitations; and WHEREAS, AB xl 26 ("AB 26") was signed by the Governor of California on June 28, 2011, making certain changes to the CRL and adding Part 1.8 and Part 1.85 to Division 24 of the California Health and Safety Code; and WHEREAS, AB 26 states, in part, that "[tlhe Legislature hereby finds that a transfer of assets by a redevelopment agency [after January 1, 2011] is deemed not to be in the furtherance of the [CRL] and is thereby unauthorized"; and WHEREAS, AB 26 further states, in part, that "[c]ommencing [February 1, 20121, ... arrangements between the city ... that created the redevelopment agency and the redevelopment agency are invalid..."; and WHEREAS, AB 26 further states, in part, that "[a]ll ... properties [and] buildings ... of the former redevelopment agency are transferred on [February 1, 2012]7 to the control of the successor agency"; and WHEREAS, on or about April 20, 2012, the California State Controller issued correspondence stating, in part, that "[i]f your city ... received any assets from a redevelopment agency after January 1, 2011, your city ... hereby is ordered to ... reverse the transfer and return the applicable assets to the successor agency of the relevant redevelopment agency"; and WHEREAS, AB 1484 ("AB 1484") was signed by the Governor of California on June 27, 2012, making changes to AB 26 and certain additional changes to the CRL; and WHEREAS, AB 1484, at Section 34179.5(c)(2) of Part 1.85 of the California Health and Safety Code, categorizes certain assets as those "transferred after January 1, 2011 ... by the redevelopment agency ... to the city ... that formed the redevelopment agency..." ("Section 34179.5(c)(2)Assets"); and 2 12-3499/85278 Resolution No. 2012-98 WHEREAS, AB 1484, at Section 34179.5(c)(1) of Part 1.85 of the California Health and Safety Code, categorizes certain other assets as those "transferred from the former redevelopment agency to the successor agency on or about February 1, 2012." ("Section 34179.5(c)(1) Assets"); and WHEREAS, because (i) AB 26 states that a transfer of assets by a redevelopment agency after January 1, 2011 was "unauthorized", (ii) AB 26 states that commencing February 1, 2012, arrangements between a redevelopment agency and the city that created it are"invalid" and (iii) the State Controller has purported to order that ownership of certain assets be vested in successor agencies, the Agency Property is therefore not categorized as Section 34179.5(c)(2) Assets; and WHEREAS, because AB 26 states that all properties and buildings of the former redevelopment agency are transferred on February 1, 2012 to the control of the successor agency, the Agency Property is therefore categorized as Section 34179.5(c)(1)Assets; and WHEREAS, the City does not acknowledge that the purported transfer of the Agency Property by the Agency to the City was not in furtherance of the CRL; and WHEREAS, the City does not acknowledge the effectiveness of the Legislature's purported deeming not to be in furtherance of the CRL of the purported transfer of assets that was conducted in accordance with the CRL at the time when made and was not challenged within the applicable statute of limitations; and WHEREAS, the City does not acknowledge that commencing February 1, 2012, arrangements between the redevelopment agency and the city that created it are invalid; and WHEREAS, the City does not acknowledge the effectiveness of the California State Controller's order to reverse the transfer of the Agency Property and return the applicable assets to the Successor Agency to the Redevelopment Agency of the City of Huntington Beach ("Successor Agency"); and WHEREAS, the City has limited financial resources and desires not to initiate litigation at this time with regard to AB 26, AB 1484 and/or the purported order by the California State Controller that ownership of the Agency Property be vested in the Successor Agency; and WHEREAS, in order to avoid the costs of litigation and other costs, the City desires to take action in a manner consistent with AB 26, AB 1484 and the California State Controller's purported order, and in furtherance of the Successor Agency's duties under Section 34179.6(h)(1) and Section 34179.6(f), by processing documentation reflecting ownership of the Agency Property by the Successor Agency, without acknowledging the effectiveness of AB 26, AB 1484 and/or such order and duties, expressly disclaiming the same; and 3 12-3499/85278 Resolution No. 2012-98 WHEREAS, the City's processing of documentation reflecting ownership of the Agency Property by the Successor Agency is not intended to waive, and shall not constitute a waiver, by the Successor Agency or the City of any constitutional, legal or equitable rights that the Successor Agency or the City may have to challenge, through administrative or judicial proceedings, the effectiveness and/or legality of all or any portion of AB 26 or AB 1484, any determinations rendered or actions or omissions to act by any public agency or government entity or division in the implementation of AB 26 and AB 1484, and any and all related legal and factual issues, and the Successor Agency and the City expressly reserves any and all rights, privileges, and defenses available under law and equity; and WHEREAS, per Section 15301 of the State CEQA Guidelines, the transfer of the Agency Property is exempt from environmental review under CEQA because the transfer will result in a continuation of an existing facility involving no expansion of use and is therefore exempt from environmental review, and any future development for the Agency Property will require separate environmental review; and WHEREAS, all of the prerequisites with respect to the approval of this Resolution have been met. NOW, THEREFORE, BE IT HEREBY RESOLVED, by the City Council of the"City of Huntington Beach, as follows: 1. The above recitals are true and correct and are a substantive part of this Resolution. 2. The City"hereby authorizes the processing of documentation via quitclaim deed(s) or other appropriate instrument in order to reflect and confirm ownership of the Agency Property by the Successor Agency, including the execution of Certificate of Acceptance therefore by the Successor Agency, and the processing of documentation to transfer to/retention by the Successor Agency or the City of any and all lease, rental or other documents pertaining to the Agency Property. 3. The City Manager, or designee, is hereby authorized to take such actions and execute such documents as are necessary to effectuate the intent of this Resolution on behalf of the City. 4. The City Council does not intend, by adoption of this Resolution, to waive any constitutional, legal and/or equitable rights of the Successor Agency or the City under law and/or in equity by virtue of the adoption of this Resolution and actions approved and taken pursuant to 4 12-3499/85278 Resolution No. 2012-98 this Resolution and, therefore, reserves all such rights of the Successor Agency and the City under law and/or in equity. 5. This Resolution shall take effect upon the date of its adoption. PASSED, APPROVED, AND ADOPTED at a regular meeting of the Successor Agency to the Redevelopment Agency of the City of Huntington Beach, California, held on the 19th day of December, 2012 by the following vote, to wit: &W04ej &U"K.-Op Mayor REVAND APPROVED: INITIASED AND APPROVED: rAND APPROVED: Ci ger Director of Economic Development PRO TO FORM- City"ttprney `,Z 5 12-3499185278 Res. No. 2012-98 STATE OF CALIFORNIA COUNTY OF ORANGE ) ss: CITY OF HUNTINGTON BEACH ) I, JOAN L. FLYNN the duly elected, qualified City Clerk of the City of Huntington Beach, and ex-officio Clerk of the City Council of said City, do hereby certify that the whole number of members of the City Council of the City of Huntington Beach is seven; that the foregoing resolution was passed and adopted by the affirmative vote of at least a majority of all the members of said City Council at a Special meeting thereof held on December 19, 2012 by the following vote: AYES: Sullivan, Hardy, Harper, Boardman ,Carchio, Katapodis NOES: None ABSENT: Shaw ABSTAIN: None s #, -Clerk and Fex-offici Clerk of the City Council of the City of Huntington Beach, California ATTAC H M E N T #2 Successor Agency Resolution No. 2012-09 SUCCESSOR AGENCY RESOLUTION NO. 2012-09 A RESOLUTION OF THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH AUTHORIZING THE PROCESSING OF DOCUMENTATION REFLECTING AND CONFIRMING ITS OWNERSHIP OF REAL PROPERTY WHEREAS, the former Redevelopment Agency of the City of Huntington Beach ("Agency") was a redevelopment agency in the City of Huntington Beach ("City"), duly created pursuant to the California Community Redevelopment Law (Part 1 (commencing with Section 33000) of Division 24 of the California Health and Safety Code) ("CRL"); and WHEREAS, the Agency was responsible for the administration of redevelopment activities within the City; and WHEREAS, the Agency and Mayer Financial, L.P. entered into that certain Amended and Restated Disposition and Development Agreement dated as of September 14, 1998 (the 'Original Agreement"),-as amended by that certain First Implementation Agreement to Amended and Restated Disposition and Development Agreement dated as of May 15, 2000 (the "First Implementation Agreement'), that certain Second Implementation Agreement to Amended and Restated Disposition and Development Agreement dated as of February 5, 2001 (the "Second Implementation Agreement"), that certain Third Implementation Agreement to Amended and Restated Disposition and Development Agreement dated as of October 20, 2008 (the "Third Implementation Agreement"), that certain Fourth Implementation Agreement to Amended and Restated Disposition and Development Agreement dated as of October 18, 2010 (the "Fourth Implementation Agreement") and that certain Fifth Implementation Agreement to Amended and Restated Disposition and Development Agreement dated as of May 16, 2010 (the Original Agreement, the First Implementation Agreement, the Second Implementation Agreement, the Third Implementation Agreement, the Fourth Implementation Agreement and the Fifth Implementation Agreement may hereinafter be referred to together as the "DDA"). The DDA provides for the phased disposition of the "Site" described therein and the development and operation by Developer on the Site of certain hotel, residential, and related improvements; and WHEREAS, Section 33220 of the CRL provides that certain public bodies may aid and cooperate in the planning, undertaking, construction or operation of redevelopment projects; and WHEREAS, the City and the Agency entered into a number of Cooperation Agreements to continue the effort to redevelop, revitalize and/or eliminate blight in the City to achieve the purposes and goals of the CRL, to repay debt to the City and to provide for affordable housing, as appropriate and as authorized by redevelopment law in effect at the time of approval of said agreements; and 1 12-3499/85277 Successor Agency Resolution No. 2012-09 WHEREAS, pursuant to such authority set forth in the CRL and other applicable law, on March 7, 20117 by Resolution No. 2011-17, the City approved and accepted the transfer of certain real property located in the City of Huntington Beach, California, APN Nos. 024-251-01, 024-252-01, and 024-252-02 (collectively, the "Agency Property"). The Agency Property is the same as the"Site' under the DDA; and WHEREAS, pursuant to Resolution No. 2011-17, the City executed a certificate of acceptance ("Certificate of Acceptance") for the Agency deed designed to transfer ownership of the Agency Property from the Agency to the City("Agency Deed"); and WHEREAS, on or about March 10, 2011, the Agency Deed, along with the Certificate of Acceptance, was recorded in the official records of the County of Orange; and WHEREAS, neither the Cooperation Agreements nor the purported transfer of the Agency Property (or any of the related documents and actions) were challenged within the applicable statute of limitations; and WHEREAS, AB x1 26 ("AB 26") was signed by the Governor of California on June 28, 2011, making certain changes to the CRL and adding Part 1.8 and Part 1.85 to Division 24 of the California Health and Safety Code; and WHEREAS, AB 26 states, in part; that "[t]he Legislature hereby finds that a transfer of assets by a redevelopment agency [after January 1, 2011] is deemed not to be in the furtherance of the [CRL] and is thereby unauthorized"; and WHEREAS, AB 26 further states, in part, that "[c]ommencing [February 1, 2012], ... arrangements between the city ... that created the redevelopment agency and the redevelopment agency are invalid..."- and WHEREAS, AB 26 further states, in part, that "[a]ll ... properties [and] buildings ... of the former redevelopment agency are transferred on [February 1, 2012], to the control of the successor agency"; and WHEREAS, on or about April 20, 2012, the California State Controller issued correspondence stating, in part, that "[i]f your city ... received any assets from a redevelopment agency after January 1, 2011, your city ... hereby is ordered to ... reverse the transfer and return the applicable assets to the successor agency of the relevant redevelopment agency"; and WHEREAS, AB 1484 ("AB 1484') was signed by the Governor of California on June 27, 2012, making changes to AB 26 and certain additional changes to the CRL; and WHEREAS, AB 1484, at Section 34179.5(c)(2) of Part 1.85 of the California Health and Safety Code, categorizes certain assets as those "transferred after January 1, 2011 ... by the redevelopment agency ... to the city ... that formed the redevelopment agency..." ("Section 34179.5(c)(2)Assets"); and 2 12-3499/85277 Successor Agency Resolution No. 2012-09 WHEREAS, AB 1484, at Section 34179.5(c)(1).of Part L 85 of the California Health and Safety Code, categorizes certain other assets as those "transferred from the former redevelopment agency to the successor agency on or about February 1, 2012." ("Section 34179.5(c)(1) Assets"); and WHEREAS, because (i) AB 26 states that a transfer of assets by a redevelopment agency after January 1, 2011 was "unauthorized", (ii) AB 26 states that commencing February 1, 2012, arrangements between a redevelopment agency and the city that created it are "invalid" and (iii) the State Controller has purported to order that ownership of certain assets be vested in successor agencies, the Agency Property is therefore not categorized as Section 34179.5(c)(2)Assets; and WHEREAS, because AB 26 states that all properties and buildings of the former redevelopment agency are transferred on February 1, 2012 to the control of the successor agency, the Agency Property is therefore categorized as Section 34179.5(c)(1)Assets; and WHEREAS, the Successor Agency to the Redevelopment Agency of the City of Huntington Beach("Successor Agency") does not acknowledge that the purported transfer of the Agency Property by the Agency to the City was not in furtherance of the CRL; and WHEREAS, the Successor Agency does not acknowledge the effectiveness of the Legislature's purported deeming not to be in furtherance of the CRL of the purported transfer of assets that was conducted in accordance with the CRL at the time when made and was not challenged within the applicable statute of limitations; and WHEREAS, the Successor Agency does not acknowledge that commencing February 1, 2012, arrangements between the redevelopment agency and the city that created it are invalid; and WHEREAS, the Successor Agency does not acknowledge the effectiveness of the California State Controller's order to reverse the transfer of the Agency Property and return the applicable assets to the Successor Agency; and WHEREAS, the Successor Agency has limited financial resources and desires not to initiate litigation at this time with regard to AB 26, AB 1484 and/or the purported order by the California State Controller that ownership of the Agency Property be vested in the Successor Agency; and WHEREAS, in order to avoid the costs of litigation and other costs, the Successor Agency desires to take action in a manner consistent with AB 26, AB 1484 and the California State Controller's purported order, and in furtherance of the Successor Agency's duties under Section 34179.6(h)(1) and Section 34179.6(f), by processing documentation reflecting ownership of the Agency Property by the Successor Agency, without acknowledging the effectiveness of AB 26, AB 1484 and/or such order and duties, expressly disclaiming the same; and 3 12-3499/85277 Successor Agency Resolution No. 2012-09 WHEREAS, the Successor Agency's processing of documentation reflecting ownership of the Agency Property by the Successor Agency is not intended to waive, and shall not constitute a waiver, by the Successor Agency or the City of any constitutional, legal or equitable rights that the Successor Agency or the City may have to challenge, through administrative or judicial proceedings, the effectiveness and/or legality of all or any portion of AB 26 or AB 1484, any determinations rendered or actions or omissions to act by any public agency or government entity or division in the implementation of AB 26 and AB 1484, and any and all related legal and factual issues, and the .Successor Agency and the City expressly reserves any and all rights, privileges; and defenses available under law and equity; and WHEREAS, per Section 15301 of the State CEQA Guidelines, the transfer of the Agency Property is exempt from environmental review under CEQA because the transfer will result in a continuation of an existing facility involving no expansion of use and is therefore exempt from environmental review, and any future development for the Agency Property will require separate environmental review; and VdW-KEAS, all of the prerequisites with respect to the approval of this Resolution have been met. NOW, THEREFORE, BE IT HEREBY RESOLVED, by the Governing Board of the Successor Agency to the Redevelopment Agency of the City of Huntington Beach, as follows: 1. The above recitals are true and correct and are a substantive part of this Resolution. 2. The Successor Agency hereby authorizes the processing of documentation via quitclaim deed(s) or other appropriate instrument in order to reflect and confirm ownership of the Agency Property by the Successor Agency, including the execution of Certificate of Acceptance therefore by the Successor Agency, and the processing of documentation to transfer to/retention by the Successor Agency or the City of any and all lease, rental or other documents pertaining to the Agency Property. 3. The Executive Director, or designee, is hereby authorized to take such actions and execute such documents as are necessary to effectuate the intent of this Resolution on behalf of the Successor Agency. 4. The Successor Agency does not intend, by adoption of this Resolution, to waive any constitutional, legal and/or equitable rights of the Successor Agency or the City under law and/or in equity by virtue of the adoption of this Resolution and actions approved and taken 4 12-3499/85277 Successor Agency Resolution No. 2012-09 pursuant to this Resolution and, therefore, reserves all such rights of the Successor Agency and the City under law and/or in equity. 5. This Resolution shall take effect upon the date of its adoption. PASSED AND ADOPTED by the Governing Board of the Successor Agency to the Redevelopment Agency of the City of Huntington Beach at a regular meeting thereof held on the __19t:h day of December __ ___ ) 2012. a Chairman REIIX APPROVED: MTINTM AND APPROVED: E v Director Deputy Executive Director APPRO D AS TO F ency C unsel 5 12-3499/85277 Successor Agency Res. No. 2012-09 STATE OF CALIFORNIA COUNTY OF ORANGE ) ss: CITY OF HUNTINGTON BEACH ) I; JOAN L. FLYNN the Clerk of the Successor Agency to the former City of Huntington Beach Redevelopment Agency, Huntington Beach, California, DO HEREBY CERTIFY that the foregoing resolution was duly adopted by The Successor Agency to the Redevelopment Agency of the City of Huntington Beach at a special meeting held on December 19, 2012 and that is was so adopted by the following vote: AYES: Sullivan, Hardy, Harper, Boardman, Carchio, Katapodis NOES: None ABSENT: Shaw ABSTAIN: None Cle of The Successor A ncy to the Redevelopment Agency of the City of Huntington Beach, California