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osizzizoi i <br /> ORIGINAL <br /> RESOLUTION NO. 15147 <br /> RESOLUTION DETERMINING THAT THE CITY OF REDWOOD CITY <br /> WILL SERVE AS SUCCESSOR AGENCY SHOULD THE <br /> REDEVELOPMENT AGENCY OF REDWOOD CITY DISSOLVE <br /> WHEREAS, the Redevelopment Agency of the City of Redwood City ("Agency") <br /> is a redevelopment agency organized and existing under the California Community <br /> Redevelopment Law (Health and Safety Code § 33000, et se�c .) ("CRL"); and <br /> WHEREAS, the City Council of the City of Redwood City ("City") approved and <br /> adopted the Redevelopment Plan for the Redevelopment Project No. 2 <br /> ("Redevelopment Plan") covering certain properties within the City (the "Project Area"); <br /> and <br /> WHEREAS, the Agency has been authorized to transact business and exercise <br /> the powers of a redevelopment agency, including engaging in activities to execute and <br /> implement the Redevelopment Plan pursuant to the CRL; and <br /> WHEREAS, since adoption of the Redevelopment Plan, the Agency has <br /> undertaken redevelopment projects in the Project Area to eliminate blight, to improve <br /> public facilities and infrastructure, to renovate and construct affordable housing, and to <br /> enter into partnerships with private industries to create jobs and expand the local <br /> economy; and <br /> WHEREAS, as part of the 2011-12 State budget bill, the California Legislature <br /> has recently enacted, and the Governor has signed, companion bills AB 1X 26 and AB <br /> 1X 27, requiring that each redevelopment agency be dissolved unless the community <br /> that created it enacts an ordinance committing it to making certain payments; and <br /> WHEREAS, AB 1X 26 also requires each city to determine whether it wishes to <br /> serve as "Successor Agency" of its redevelopment agency by September 1, 2011 if the <br /> ATTYIRES0.2153IRDA SUCCESOR AGENCY RESO. # 15141 <br /> 081511 � MUFF # 401 <br /> � <br />