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RDA Resolution 2012-001RESOLUTION NO. RA 2012 - 001 A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY MAKING A DECLARATION UNDER HEALTH AND SAFETY CODE SECTION 33354.8 THAT, DURING THE PERIOD FROM JANUARY 1, 2010, TO DECEMBER 31, 2011, THE AGENCY HAS NOT FORGIVEN THE REPAYMENT, WHOLLY OR PARTIALLY, OF ANY LOAN, ADVANCE, OR INDEBTEDNESS OWED TO THE AGENCY BY A PUBLIC BODY WHEREAS, the La Quinta Redevelopment Agency, a public body, corporate and politic ("Agency"), is the redevelopment agency performing redevelopment functions within the territorial limits of the City of La Quinta pursuant to the California Community Redevelopment Law (Health & Safety Code § 33000, et seq.); and WHEREAS, the City of La Quinta ( "City') is a municipal corporation and charter city organized and existing under the Constitution of the State of California; and WHEREAS, the California Community Redevelopment Law, pursuant to Section 33354.8 of the California Health and Safety Code, requires that the Agency adopt a resolution after. January 1, 2012 and prior to February 1, 2012, declaring whether or not it has,forgiven, during the period of time commencing January 1, 2010, and ending December 31, 2011, the repayment, wholly or partially, of a loan, advance, or indebtedness that has been owed to the Agency by a public body; and J WHEREAS, Section 33354.8 of the California Health and Safety Code also requires that within -ten (10) days after the adoption of the resolution, the Agency transmit a copy of the resolution to the legislative body and the California State Controller. NOW THEREFORE, BE IT RESOLVED, by the La Quinta Redevelopment Agency, as follows: Section 1 . The Recitals set forth above are true and correct and incorporated herein by reference. Section 2 . Based upon the best knowledge of Agency staff and the Agency Board of Directors, during the period between January 1, 2010, and December 31, 2011, the Agency has not forgiven the repayment, wholly or partially, of a loan, advance, or indebtedness that has been owed to the Agency by a public body. Resolution No. RA 2012 -001 RDA Not Forgiving Loans, Indebtedness Adopted: January 17, 2012 Page 2 PASSED, APPROVED, AND ADOPTED at a regular meeting of the La Quinta Redevelopment Agency held this 17th of January, 2012, by the following vote, to wit: AYES: Agency Members Adolph, Evans, Franklin, Osborne, Chair Henderson NOES: None ABSENT: None ABSTAIN: None Terry H La Quir ATTEST; VERONICA MONTECINO, CMC, Agency Secretary La Quinta Redevelopment Agency (AGENCY SEAL) AS TO Chairperson opment Agency Ulf KATHERINE 4EMSON, Agency Counsel La Quinta Redevbfopment Agency