redevelopment project

cb7a2f1aa2a9aa7d03b90f589d5b1cbbcefb0789

California Municipal Codes

(OB-2012-27) O V E R SIG H T BOARD R ESO L U T IO N NUMBER O B -20 12-27 A RESOLUTION O F T H E OVERSIGHT B O A R D F O R THE C IT Y O F SAN D IE G O R E D E V E L O PM E N T SU C C E SSO R A G E N C Y AUTHORIZING THE SU C C E SSO R A G E N C Y T O C O N SE N T T O O R A PPR O V E PROPOSED G R A N T S O F A C C E SS R IG H T S OR POSSESSORY IN T E R E ST S PURSUANT T O ENFORCEABLE OBLIGATIONS

WHEREAS , the form er R edevelopm ent A gency of the C ity of San Diego (F orm er R D A ) _ _ _ _ _ _ adm in iste r e cL tbe J mp l e m enta tiG n-G f - var- i Gu-S - J:€ G €¥€- I Gt l m€R-t-f>F ej€G-t-s ,--- J3 r-egr-am -s -,-- anEi--aet-i-v- i -t - i e <r- - - - - - - - within designated redevelopm ent project areas throughout the C ity of San Diego (City) ; and

WHEREAS , in accordance w ith A ssem bly B ill xi 26 (A B 26) , the F orm er RDA dissolved as of February 1 , 2012 , at w hich tim e the C ity of San Diego , solely in its capacity as the designated successor agency to the F orm er R D A (Successor Agency) , assumed the Former RDA ' s assets and obligations; and

WHEREAS , the Successor A gency is w inding dow n the Former RDA ' s affairs in accordance w ith A B 26 , as amended by Assembly B ill 1484 (AB 1484) , enacted on June 27 , 20 12 (collectively the Dissolution Laws); and

WHEREAS , the Oversight Board has been form ed to oversee certain actions and decisions ofthe Successor Agency in accordance w ith the Dissolution Laws ; and

WHEREAS , C alifornia H ealth and Safety C ode

section 34177(

c) requires the Successor Agency to perform obligations required pursuant to any enforceable obligation ; and W H E R E A S, certain enforceable obligations ofthe Successor A gency allow for grants of access rights to or possessory interests in Successor A gency properties or properties subject to use restrictions under Successor A gency agreements , subject to the consent or approval of the Successor Agency ; W H E R E A S, the Dissolution Law s are unclear as to w hether the Successor Agency can consent to or approve such grants o f access rights or possessory interests w ithout the approval of D oc No . 437862 (O B -20 12-27) the O versight Board w hen the term s of the enforceable obligation give the Successor Agency som e lim ited discretion in granting the consent or approval; and

WHEREAS , given the lack of clarity in the D issolution L aw s, the Successor A gency has , in an abundance o f caution, requested that the O versight Board authorize the Successor A gency to consent to grants of access or possessory rights under these circum stances. _ _ _ _ _ _ _ _ NO W, - THERE E ORE , -BE J:J'...:RE S-O L\LED- b ¥- the - 0 -¥- er:s i ght - Boar:d - tba t-t h e- Successo . r: - - - A gency is authorized to consent to or approve proposed grants of access rights to and possessory interests in Successor A gency properties and properties subject to use restrictions under Successor Agency agreements, and to execute all related docum ents , provided that the consent or approval is consistent w ith the terms of a related agreem ent that is an enforceable obligation and w ill not have any substantial adverse im pact on the Successor Agency ' s financial interests.

PASSED AND ADOPTED by the O versight B oard at a duly noticed m eeting ofthe O versight B oard held on Septem ber 18_ , 2012. C hair, O versight Board Doc No . 437862

Document details

Collection	California Municipal Codes
Citation	cb7a2f1aa2a9aa7d03b90f589d5b1cbbcefb0789
Type	ordinance
Language	en
Format	pdf
Source	CA_MUNI
Identifier	cb7a2f1aa2a9aa7d03b90f589d5b1cbbcefb0789

Source file is stored in the law ingest library (pdf).