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6.4. B. - Page 4 SUCCESSOR AGENCY RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDWOOD CITY AS SUCCESSOR AGENCY TO THE REDWOOD CITY REDEVELOPMENT AGENCY APPROVING AN AMENDED ENFORCEABLE OBLIGATION PAYMENT SCHEDULE PURSUANT TO AB 1X 26 WHEREAS, in compliance with AB 1X 26, enacted by the California State Legislature and signed by the Governor as part of the 2011 -2012 State budget, the City of Redwood City Redevelopment Agency adopted an Enforceable Obligation Payment Schedule ( "EOPS ") to allow the Agency to make payments on debts and obligations listed on the EOPS on January 23, 2012; and WHEREAS, Health and Safety Code Section 34169, added as part of AB 1X 26, allows that the EOPS may be amended at any public meeting of the Redevelopment Agency or the Successor Agency thereto; and WHEREAS, the City of Redwood City as the Successor Agency to the City of Redwood City Redevelopment Agency desires to amend the EOPS to include all of the current enforceable obligations of the Successor Agency; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF REDWOOD CITY AS THE SUCCESSOR AGENCY TO THE REDWOOD CITY REDEVELOPMENT AGENCY DOES HEREBY RESOLVE AS FOLLOWS: Section 1. Recitals The Recitals set forth above are true and correct and incorporated herein by reference. Section 2. Amendment of EOPS The City of Redwood City as the Successor Agency to the Redwood City Redevelopment Agency hereby amends the Enforceable Obligation Payment Schedule, as set forth in the Amended Enforceable Obligations Payment Schedule attached hereto as Exhibit A ( "Amended EOPS "), as authorized by Health and Safety Code Section 34169. Section 3. Posting; Transmittal to Appropriate Agencies The City Clerk is hereby authorized and directed to post a copy of the Amended EOPS on the City's website. The City Clerk is further authorized and directed to transmit, by mail or electronic means, to the San Mateo County Auditor - Controller, the State Controller and the Department of Finance, notification providing the website location of the posted Amended EOPS and other information as required by AB 1X 26. Section 4. Effective Date Pursuant to Health and Safety Code Section 34169(1), the Successor Agency's action to amend the EOPS as set forth herein shall not be effective for three (3) business days following adoption of this Resolution, pending a request for review of the Amended EOPS by the Department of Finance. ATTY /RESO.2206 /SUCCESSOR AGENCY TO THE RWC REDEVELOPMENT AGENCY APPROVING AN AMENDED EOPS REV:02 -22 -12 VR