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pursuant to this part and the value of assets transferred to it as a successor agency for a <br />dissolved redevelopment agency." Thus, the City's obligations as Successor Agency <br />are limited by the amount of property taxes and the value of assets it receives in its role <br />as the Successor Agency. <br />Section 2. The City, acting as Successor Agency, does hereby assume the <br />assignment of all agreements and contractual obligations of the former Agency as described <br />herein and set forth Exhibit A, attached hereto and incorporated herein by this reference, subject <br />to the limitations of Health and Safety Code Section 34173(e). <br />Section 3. The City Manager or his or her designee is hereby authorized to make <br />amendments to Exhibit A as deemed necessary for any corrective action or caused by or due to <br />any inadvertent omission. <br />Section 4. The Clerk of the Council shall attest to and certify the vote adopting this <br />Resolution. <br />ADOPTED this 7th day of May 2012. <br />APPROVED AS TO FORM: <br />Sonia R. Carvalho, City Attorney <br />By: (k o (-• <br />Lisa E. Storck <br />Assistant City Attorney <br />YES: Councilmembers: <br />NOES: Councilmembers: <br />ABSTAIN: Councilmembers: <br />NOT PRESENT: Councilmembers: <br />Resolution No. 2012 -004 <br />Page 2 of 4 <br />Alvarez, Benavides, Bustamante, Martinez, <br />Tinaiero, Sarmiento, Pulido (7) <br />None (0) <br />None (0) <br />None (0) <br />