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5/1/12 LES <br />SUCCESSOR AGENCY RESOLUTION NO. 2012- <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA <br />ANA ACTING AS SUCCESSOR AGENCY TO THE FORMER <br />COMMUNITY REDEVELOPMENT AGENCY ASSUMING ASSIGNMENT <br />OF ALL AGREEMENTS AND CONTRACTUAL OBLIGATIONS OF THE <br />FORMER COMMUNITY REDEVELOPMENT AGENCY <br />BE IT RESOLVED BY THE MEMBERS OF THE SUCCESSOR AGENCY OF THE CITY OF <br />SANTA ANA, AS FOLLOWS: <br />Section 1. The City Council of Santa Ana, acting as Successor Agency, hereby finds, <br />determines and declares as follows: <br />A. The California Supreme Court's decision in the recent Califomia <br />Redevelopment Agency v. Matosantos case upheld ABX1 26 which will now control the <br />dissolution and winding down of every California redevelopment agency. ABX1 26 <br />prohibits agencies from taking numerous actions, requires all agencies to wind down <br />their affairs effective immediately, and provides that agencies are deemed to be <br />dissolved as of February 1, 2012. <br />B. On January 9, 2012, pursuant to section 34173 of the California Health & <br />Safety Code, the City of Santa Ana ("City") elected to serve as the Successor Agency for <br />the former Community Redevelopment Agency ("Agency") of the City of Santa Ana and <br />the Housing Authority of the City of Santa Ana as "Successor Housing Agency". <br />C. The City will perform its functions as the Successor Agency under the <br />Dissolution Act to administer the enforceable obligations of the Agency and otherwise <br />unwind the Agency's affairs, with most actions subject to the review and approval of a <br />seven member Oversight Board. <br />D. With the dissolution of the Agency, all assets, properties, contracts, <br />leases, books and records, buildings and equipment of the former Agency (except for <br />most affordable housing assets) transferred by operation of law to the City of Santa Ana, <br />acting as Successor Agency. <br />G. To further ensure that Agency agreements and contracts related to <br />services and work product are vested correctly, the City, acting as Successor Agency, <br />desires to take formal action to assume the assignment of all such agreements and <br />contracts of the former Agency, by adoption of this resolution. <br />H. The City, acting as Successor Agency, hereby assumes the assignment of <br />all such agreements and contracts of the former Agency, as listed on Exhibit A, attached <br />hereto and incorporated herein by this reference. <br />1. Health and Safety Code Section 34173(e) provides that "the liability of any <br />successor agency, acting pursuant to the powers granted under the act adding this part, <br />shall be limited to the extent of the total sum of property tax revenues it receives <br />2-3