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11/19/2012 <br />ORIGINAL <br />RESOLUTION NO. SA -12-12 <br />A RESOLUTION OF THE SUCCESSOR AGENCY TO THE REDWOOD <br />CITY REDEVELOPMENT AGENCY APPROVING THE GRANT OF, AND <br />AUTHORIZING EXECUTION OF GRANT DEEDS AND CERTIFICATES <br />OF ACCEPTANCE FOR, REAL PROPERTY OWNED BY THE CITY OF <br />REDWOOD CITY <br />WHEREAS, on or about March 7, 2011, the Redwood City Redevelopment <br />Agency ("RDA") transferred three parcels ("Parcels") identified in Exhibits A, B and C to <br />the City of Redwood City ("City") in order to protect its Redevelopment activities; and <br />WHEREAS, as part of the 2011-12 State budget bill, AB 1X 26 ("Dissolution Act") <br />was enacted, dissolving all redevelopment agencies statewide; and <br />WHEREAS, the Dissolution Act provides that asset transfer occurring between <br />redevelopment agencies and other public bodies after January 1, 2011 are not valid; <br />and <br />WHEREAS, the City has opted to voluntarily rewind the transfers of the Parcels <br />and grant the Parcels to the Successor Agency to the Redwood City Redevelopment <br />Agency for processing consistent with the Dissolution Act; and <br />WHEREAS, the City is still interested in maintaining ownership of the Library <br />Parking Facility and understands it will have an opportunity at a later time to request <br />such transfer of ownership of this Parcel from the Successor Agency pursuant to Health <br />and Safety Code Sections 34181 and 34191.1 et seq. (Post compliance Provisions); <br />and <br />WHEREAS, the Successor Agency is willing to accept the Parcels. <br />NOW, THEREFORE BE IT RESOLVED that the Board of the Successor Agency <br />to the Redwood City Redevelopment Agency hereby approves and authorizes the <br />Executive Director to execute the Grant Deeds and associated Certificates of <br />Acceptance attached hereto as Exhibits A, B, and C, subject to any minor conforming, <br />technical or clarifying changes approved by the Agency Counsel, and to execute such <br />additional documents and take such further actions or steps as are necessary to <br />consummate the transaction. <br />ATTY/RESO.2802/SA AUTHORIZING GRANT DEEDS FROM CITY RESO. # SA 12-12 <br />REV: 11-05-12 VR MUFF # 608 <br />Page 1 of 4 <br />