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01 /23/2012 city has determined not to participate in the Voluntary Alternative Redevelopment Program or if the City has not yet made such a determination; and WHEREAS, on July 18, 2011, the League of California Cities and the California Redevelopment Association and others filed a petition on behalf of cities, counties and redevelopment agencies asking the California Supreme Court to overturn AB 1X 26 and AB 1X 27; and WHEREAS, on August 22, 2011, the City adopted Resolution No. 15141 electing to serve as the successor agency to the Agency; and WHEREAS, in a decision filed on December 29, 2011, the Supreme Court found the dissolution of redevelopment agencies affected by AB 1X 26 to be a proper exercise of the legislative power vested in the Legislature and the provisions of AB 1X 27 allowing communities to save their redevelopment agencies by making remittance payments to violate Proposition 22, thus upholding the constitutionality of AB 1X 26 but holding AB 1X 27 unconstitutional; and WHEREAS, the Supreme Court extended the time frames set forth in AB 1X 26 for, among other things, the dissolution of redevelopment agencies until February 1, 2012; and WHEREAS, the City continues to desire to serve as the successor agency to the Agency upon its dissolution, and desires to confirm such desire for clarification purposes; and WHEREAS, Health and Safety Code Section 34176(a) gives the city that authorized creation of a redevelopment agency the option to retain the agency's housing assets and functions, excluding amounts on deposit in the Low and Moderate Income Housing Fund; and WHEREAS, as allowed under AB 1X 26, the City desires to retain the Agency's housing assets and functions. ATTY/RES0.2194 /CC CONFIRM. SUCCESSOR AGENCY AND ELECT. HOUSING SUCCESSOR RESO #15164 REV:01/19/12 MUFF # 401 Page 2 of 3