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. � 04/09/2012 ORIGINAL SUCCESSOR AGENCY RESOLUTION NO. SA 12-04 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDWOOD CITY AS SUCCESSOR AGENCY TO THE REDWOOD CITY REDEVELOPMENT AGENCY APPROVING A SECOND AMENDED ENFORCEABLE OBLIGATION PAYMENT SCHEDULE PURSUANT TO AB 1 X 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 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 Redwood City Redevelopment Agency amended the EOPS on February 27, 2012 to include all of the current enforceable obligations of the Successor Agency; WHEREAS, the City of Redwood City as the Successor Agency to the Redwood City Redevelopment Agency desires to further amend the EOPS to include additional items that have recently been identified, to make reclassifications to clarify certain line items, and to correct minor errors to reflect 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 a�e 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 Second Amended Enforceable Obligations Payment Schedule attached hereto as Exhibit A("Second Amended EOPS"), as authorized by Health and Safety Code Section 34169. Section 3. Postin4; Transmittal to Appropriate Aaencies. The City Clerk is hereby authorized and directed to post a copy of the Second Amended EOPS on the City's website. The City Clerk is further authorized and directed to transmit, by mail or ATTY/RES0.2223/SECOND AMENDED EOPS RESO. # SA 12-04 REV:04-OS-12 VR MUFF # 457 i