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COOPERATIVE AGREEMENT <br />This COOPERATIVE AGREEMENT ("Agreement") is entered into as of <br />2011 ("Date of Agreement"), by and between the CITY OF SANTA <br />ANA, a charter city and municipal corporation ("City") and the COMMUNITY <br />REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA, a public body, corporate <br />and politic ("Agency"). <br />RECITALS <br />A. The Agency is a community redevelopment agency organized and existing under the <br />California Community Redevelopment Law, Health and Safety Code Sections 33000, et <br />seq. ("CRL") and has been authorized to transact business and exercise the powers of a <br />redevelopment agency pursuant to action of the City Council ("City Council") of the City <br />of Santa Ana. <br />B. The Agency receives and has available to it tax increment revenues in accordance with <br />and pursuant to CRL Section 33670(b) and Article XVI Section 16 of the California <br />Constitution ("Tax Increment"). <br />C. Parts 1.8, 1.85 and 1.9 of Division 24 of the Health and Safety Code were added to the <br />CRL by ABXl 26 and ABX1 27, which measures purported to become effective <br />immediately. ABXl 26 and ABXI 27, which are trailer bills to the 2011-12 budget bills, <br />were approved by both houses of the Legislature on June 15, 2011 and signed by the <br />Governor on June 28, 2011. <br />D. Part 1.85 of the CRL ("Part 1.85") provides for the statewide dissolution of all <br />redevelopment agencies, including the Agency, as of October 1, 2011, and provides <br />thereafter for a successor agency to administer the existing obligations of the Agency and <br />otherwise windup its affairs, with such actions as the successor agency may take subject <br />to the review and approval by an oversight committee. <br />1 <br />EXHIBIT 1 3 ' 3 <br />