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r-10648OMM4444 -- 6 City Council Meeting 1 -10 -12 Santa Monica, California RESOLUTION NO. 10648 (CCS) RESOLUTION OF THE CITY OF SANTA MONICA ELECTING TO RETAIN THE HOUSING ASSETS AND FUNCTIONS OF THE SANTA MONICA REDEVELOPMENT AGENCY UNDER PART 1.85 OF DIVISION 24 OF THE HEALTH AND SAFETY CODE SUBJECT TO RESERVATIONS HEREIN STATED Whereas, the City of Santa Monica formed the Santa Monica Redevelopment Agency ( "Agency "), which has continuously engaged in redevelopment activities under the Community Redevelopment Law (Health and Safety Code sections 33000 et seq.)( "CRL "); and Whereas, Sections 33334.2 and 33334.3 of the CRL require the Agency to use not less than 20 percent of taxes allocated to the Agency pursuant to Section 33670 of the CRL for the purpose of increasing, improving, and preserving the community's supply of low and moderate income housing ( "Low and Moderate Income Housing Fund "); and Whereas, the Agency has continuously utilized its Low and Moderate Income Housing Fund for the purpose of increasing, improving and preserving the community's supply of low- and moderate - income housing available at affordable housing cost; and Whereas, by enactment of Part 1.85 of Division 24 of the Health and Safety Code, subject to all reservations herein stated, the Agency is subject to dissolution on February 1, 2012 such that the Agency shall be deemed as a former redevelopment agency under Health and Safety Code section 34173(a); and Whereas, subject to all reservations herein stated and pursuant to Part 1.85 of Division 24 of the Health and Safety Code, the City Council of the City of Santa Monica desires to retain, without limitation, all of the housing assets, rights, powers, duties, obligations, liabilities and functions previously performed by the Agency upon the dissolution of the Agency, including enforcement of affordability covenants and performance of related activities pursuant to applicable provisions of the Community Redevelopment Law (Part 1, commencing with Section 33000), including, but not limited to, Section 33418; and Whereas, the City Council of the City of Santa Monica hereby desires to adopt this Resolution, subject to the express reservation of rights of the City of Santa Monica and Agency under law and/or equity, including without limitation the effectiveness of Assembly Bill No. 26 (2011-2012 ls` Ex. Sess.) ( "AB lx 26 ") (collectively, "Laws "); and Whereas, the City Council does not intend by adoption of this resolution to waive any constitutional and /or legal rights under law and /or equity, including without limitation, the effectiveness of AB 1 x 26, by virtue of the adoption of this Resolution and therefore reserves all of its rights under Laws to challenge the applicability of AB Ix 26 to the Agency and /or the City of Santa Monica in any administrative or judicial proceeding; and -1- Whereas, all other legal prerequisites to the adoption of this Resolution have occurred, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA MONICA AS FOLLOWS: Section 1. The City Council of the City of Santa Monica hereby finds and determines that the foregoing recitals are true and correct. Section 2. Subject to all reservations herein stated and pursuant to Part 1.85 of Division 24 of the Health and Safety Code, the City of Santa Monica hereby elects to retain, without limitation, all of the housing assets, rights, powers, duties, obligations, liabilities and functions previously performed by the Agency upon the dissolution of the Agency, including enforcement of affordability covenants and performance of related activities pursuant to applicable provisions of the Community Redevelopment Law (Part 1, commencing with Section 33000), including, but not limited to, Section 33418 and hereby accepts the transfer to the City of Santa Monica of all of the housing assets, rights, powers, duties, obligations, liabilities and functions associated with the housing activities of the Agency. Section 3. The City Manager is hereby authorized to make all notifications of such election as deemed necessary under Part 1.85 of Division 24 of the Health and Safety Code and to execute all documents and take all actions necessary and convenient to carry out and implement the transfer to the City of Santa Monica of, without limitation, all of the housing assets, rights, powers, duties, obligations, liabilities and functions previously performed by the Agency upon the dissolution of the Agency, including enforcement of affordability covenants and performance of related activities pursuant to applicable provisions of the Community Redevelopment Law (Part 1, commencing with Section 33000), including, but not limited to, Section 33418 and to administer the City's obligations, responsibilities and duties to be performed thereunder. Section 4. The City Clerk shall certify the adoption of this Resolution and thenceforth and thereafter the same shall be in full force and effect. -2- Adopted and approved this 10th day of January, 2012. V Richard Bloom, Mayor I, Denise Anderson - Warren, Acting City Clerk of the City of Santa Monica, do hereby certify that the foregoing Resolution No. 10648 (CCS) was duly adopted at a meeting of the Santa Monica City Council held on the 10th day of January, 2012, by the following vote: Ayes: Councilmembers: Holbrook, McKeown, O'Connor, O'Day, Shriver Mayor Pro Tern Davis, Mayor Bloom Noes: Councilmembers: None Absent: Councilmembers: None ATTEST: kok 1 ei dtl) daax 51!%i a,e,�.ei Denise Anderson - Warren, Acting City Clerk