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CC Resolution 2012-002RESOLUTION NO. 2012 - 002 A RESOLUTION OF THE LA QUINTA CITY COUNCIL OF THE CITY OF LA QUINTA CALIFORNIA ELECTING TO HAVE THE CITY OF LA QUINTA SERVE AS THE SUCCESSOR AGENCY TO THE LA QUINTA REDEVELOPMENT AGENCY PURSUANT TO CALIFORNIA HEALTH & SAFETY CODE SECTION 34173 AND ELECTING TO HAVE THE LA QUINTA HOUSING AUTHORITY RETAIN THE HOUSING ASSETS AND HOUSING FUNCTIONS PREVIOUSLY PERFORMED BY THE LA QUINTA REDEVELOPMENT AGENCY PURSUANT TO HEALTH & SAFETY CODE SECTION 34176 WHEREAS, the La Quinta Redevelopment Agency ( "Agency ") is a public body, corporate and politic, organized and existing under the California Community Redevelopment Law (Health & Safety Code § 33000 et seq. ( " CRL "); and WHEREAS, the City of La Quinta is a municipal corporation and charter city under the Constitution of the State of California ( "City "); and WHEREAS, on December 29, 2011, in California Redevelopment Association v. Matosantos, Case No. S194861, the California Supreme Court upheld AB 26x1, which dissolves all of the redevelopment agencies in California, and struck down AB 27x1, which allowed redevelopment agencies to remain in existence if the opted in to the "Voluntary Alternative Redevelopment Program" ( "VARP ").; and WHEREAS, the City had opted into the VARP by adopting Ordinance No. 491; and WHEREAS, because the Agency was going to remain in existence, the City was not required to decide whether it wished to be the Successor Agency to the Agency; and WHEREAS, now that the VARP program has been stricken by the Court, the City has the option of deciding whether or not it wishes to serve as the Successor Agency to the Agency; and WHEREAS, in footnote 25 of the Supreme Court's decision, the Court extended the deadline for making the election only to January 13, 2012; and WHEREAS, the City Council has determined that it is in the best interest of Resolution 2012 -002 Naming the City as Successor Agency to the RDA Adopted: January 3, 2012 Page 2 the City of La Quinta for the City to serve as the Successor Agency; and WHEREAS, pursuant to Health & Safety Code Section 34173(d)(1), the City would automatically became the Successor Agency unless it affirmatively elected not to serve as the Successor .Agency by Resolution, but the City wishes to express its intention to serve as the Successor Agency to the La Quinta Redevelopment Agency; and WHEREAS, pursuant to Health & Safety Code Section 34176, the City could either opt to retain the housing assets and functions previously performed by the La Quinta Redevelopment Agency or, by default, allow those assets and functions to be assigned to and assumed by the La Quinta Housing Authority; WHEREAS, the City wishes to express its intention to have the La Quinta Housing Authority assume all rights, powers, assets, liabilities, duties, and obligations associated with the housing activities of the La Quinta Redevelopment Agency. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of La Quinta, California, as follows: SECTION 1 . The above recitals are true and correct and are adopted as the findings of the City Council. SECTION 2 . The City Council hereby affirmatively elects pursuant to Health & Safety Code Section 34173(d)(1) to serve as the Successor Agency to the La Quinta Redevelopment Agency. SECTION 3 . The City Council hereby elects to have the La Quinta Housing Authority assume all rights, powers, assets, liabilities, duties, and obligations associated with the housing activities of the La Quinta Redevelopment Agency in accordance with Health & Safety Code Section 34176. SECTION 4 . The Interim City Manager and is hereby authorized and directed to take such other and further actions, and sign such other and further documents, as is necessary and proper.in order to implement this Resolution on behalf of the City. PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta City Council held on this 3 " day of January 2012, by the following vote: Resolution 2012 -002 Naming the City as Successor Agency to the RDA Adopted: January 3, 2012 Page 3 AYES: Council Members Evans, Franklin, Henderson, Osborne, Mayor Adolph NOES: None ABSENT: None ABSTAIN: None ON AD L H, M YOR City of La Quinta, California ATTEST: VERONICA J.'MO TECINO, C C, ark City of L'a'Quinfa, California (CITY SEAL) APPROVED AS TO FORM: /� A. L -- s U. KATHERINE City Attorney City of La Quinta, California