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02/06/2012 comply with the VoluntaryAlternative Redevelopment Program and would make the annual community remittances in accordance with AB 1X 27; and WHEREAS, a Petition for Writ of Mandate was filed in the Supreme Court of the State of California on July 18, 2011 (Califomia Redevelopment Association, et al. v. Ana Matosantos, et al., Case No. 5194861), challenging the constitutionality of AB 1X 26 and AB 1X 27 on behalf of cities, counties and redevelopment agencies; and WHEREAS, on December 29, 2011, the Supreme Court issued its final decision in the aforesaid litigation, upholding AB 1X 26, invalidating AB 1X 27, and extending all statutory deadlines under AB 1X 26, essentially dissolving all redevelopment agencies throughout the State effective February 1, 2012; and WHEREAS, in light of the Supreme Court decision referenced above, the City Council desires to repeal its prior approval of Ordinance No. 2366, effectively rescinding its prior determination to comply with the Voluntary Alternative Redevelopment Program and make the annual community remittances in accordance with AB 1X 27; and WHEREAS, all other legal prerequisites to the adoption of this Ordinance have occurred. THE CITY COUNCIL OF THE CITY OF REDWOOD CITY, CALIFORNIA, DOES ORDAIN AS FOLLOWS: Section 1 . Recitals The Recitals set forth above are true and correct and incorporated herein by reference. Section 2. Repeal of Ordinance No. 2366. The City Council hereby repeals, vacates and sets aside its approval of Ordinance No. 2366. Section 3. Certification; Publication. The City Clerk shall certify to the adoption of this Ordinance and cause it, or a summary of it, to be published in accordance with applicable law. Section 4. Effective Date. This Ordinance shall become effective thirty (30) days from its adoption. Page 2 of 2 ATTY/ORD.366/RESCINDING AB 27 ORD. # 2377 REV:01/19/12 MUFFf # 401