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r 534Redevelopment Agency Meeting 9 -27 -11 Santa Monica, California RESOLUTION NUMBER��"\ (RAS) RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA APPROVING AND ADOPTING THE PRELIMINARY DRAFT OF THE INITIAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE WHEREAS, pursuant to the California Community Redevelopment Law (Health and Safety Code Section 33000 et seq.) (the 'Redevelopment Law "), the City Council of the City of Santa Monica (the "Council') adopted the Earthquake Recovery Redevelopment Project by Ordinance No. 1747 (CCS) on June 21, 1994, the Downtown Redevelopment Project by Ordinance No. 1021 (CCS) on January 13, 1976, the Ocean Park 1A Project by Ordinance No. 497 (CCS) on June 30, 1960, and the Ocean Park 1B Project by Ordinance No. 516 (CCS) on January 24, 1961 (collectively the `Redevelopment Plans "); and WHEREAS, the Redevelopment Agency of the City of Santa Monica (the "Agency") is responsible for implementing the Redevelopment Plans pursuant to the Redevelopment Law; and WHEREAS, the California Legislature has adopted, and the Governor has signed, ABX1 26 (AB 26) and ABX1 27 (AB 27) into law, and the validity of those statutes have been challenged by petitioners in California Redevelopment Association v. Matosantos, Case No. S194861, as violating the State Constitution and other laws; and WHEREAS, on August 11, 2011, the California Supreme Court issued a partial stay in Case No. S194861, staying Chapter 6, Statutes 2011, First Extraordinary Session (Assembly Bill No. 27 X1) in its entirety and staying Chapter 5, Statutes 2011, First Extraordinary Session (Assembly Bill No. 26 X1), except that the request to stay Division 24, Part 1.8 of the Health and Safety Code (Health & Safety Code, §§ 34161- 34167) was denied; and WHEREAS, on August 17, 2011, the California Supreme Court modified its partial stay in Case No. S194861 by, among other things, staying Chapter 5, Statutes 2011, First Extraordinary Session (Assembly Bill No. 26 X1), except that the denial of the request to stay Division 24, Part 1.8 of the Health and Safety Code was clarified to include Health & Safety Code §§ 34161- 34169.5; and WHEREAS, Section 34167(d) of Part 1.8 of the Redevelopment Law defines an "enforceable obligation" for purposes of Part 1.8, and Section 34167(f) of the Redevelopment Law provides that nothing in Part 1.8 shall be construed to interfere with the Agency's authority ,to perform "enforceable obligations" as defined therein, including making payments due; and WHEREAS, Section 34169(h) of the Redevelopment Law provides that the Agency must prepare a preliminary draft of the initial recognized obligation payment schedule, no later than September 30, 2011, and provide it to the successor agency, if a successor agency is established pursuant to Part 1.85: and WHEREAS, the Agency has prepared a schedule, which is Exhibit 1 to this Resolution, setting forth the minimum payment amounts and due dates of payments required by enforceable obligations for the six -month fiscal period from January 1, 2012 through June 30, 2012; and WHEREAS, the Agency does not intend, by adoption of this Resolution, to waive any constitutional and /or legal rights by virtue of the adoption of this Resolution and, therefore, reserves all of its rights under Laws to challenge the validity of any or all provisions of AB 26 and AB 27 in any administrative or judicial proceeding and /or repeal this resolution, without prejudice to the City's right to perform and enforce its enforceable obligations; and WHEREAS, under Title 14 of the California Code of Regulations, Section 15061(b)(3), the approval of the Preliminary Draft of the Initial Recognized Obligation Payment Schedule is exempt from the requirements of the California Environmental Quality Act ( "CEQA "), in that it is not a project as the adoption of the Preliminary Draft of the Initial Recognized Obligation Payment Schedule will not have the potential of causing a significant environmental effect and it can be seen with certainty that there is no possibility that the adoption of the Preliminary Draft of the Initial Recognized Obligation Payment Schedule will have any significant effect on the environment; and WHEREAS, the Agency Board has reviewed and duly considered the proposed Preliminary Draft of the Initial Recognized Obligation Payment Schedule, documents, and other written evidence presented at the meeting. NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA DOES RESOLVE AS FOLLOWS: SECTION 1. The Agency hereby finds and determines that the foregoing recitals are true and correct. SECTION 2. The Agency hereby approves and adopts the Preliminary Draft of the Initial Recognized Obligation Payment Schedule attached as Exhibit 1. SECTION 3. The Agency Board authorizes the Agency's Executive Director or the Executive Director's designee to take such other actions and execute such other documents as are appropriate to effectuate the intent of this Resolution and the requirements of applicable law. SECTION 4. The Secretary of the Agency shall certify the adoption of this Resolution and thenceforth and thereafter the same shall be in full force and effect. 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E @ 12 m 0 E o 0 aJN a$ c c aJ v fo : v m n m rn bm 2 E a E E o 00 o o° 00 o $.v o i O a ¢ x x J0 x i JN x om .. ov oE - oE M M M M M M 0 0 0o a o g c N O 0 O T O O O O O O O O o G N N T O O O d¢ E N O O qT 4 O o o O e o O o o O S 0 O o g a O O N O d LL O O O S O O O O N O O O O O O O N O O O O C O O O O O O O O O O O O O O O O O O O a O O O N N O O r N � n Q N N E d c � E E O O v a gg `o � `o� a `B `o `off Z'co X00 'U2 02 Um 0� U� 02 U a LL nE o aE 2 aE 2 G vE o h p1E 2 u to E o a= a5 a`5 as aE a`5 1p Y N a N Y N a N ]aL N a N Y C C L Y Y W W W W W W E E N N E W E d E N E 2 E v a a w v m @ rn c co 0 0 o co fi . u a s n o a 0y ON pO N O U U o ° Us O M V < V Ma P > Adopted and approved this the 27th day of September, 2011. Richard Bloom, Chair I, Maria M. Stewart, City Clerk of Santa Monica, do hereby certify that the foregoing Resolution No. 534 (RAS) was duly adopted at a special meeting of the Redevelopment Agency held on the 27th day of September, 2011, by the following vote: Ayes: Agency members: Holbrook, McKeown, O'Connor, O'Day, Shriver Chair Pro Tern Davis, Chair Bloom Noes: Agency members: None Absent: Agency members: None ATTEST: Maria M. Stewart, Aency Secretary