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RES-OB-0065 Parking Capacity Expansion At Orange Santa Fe DepotRESOLUTION NO.OB -0065 A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE ORANGE REDEVELOPMENT AGENCY APPROVING AMENDMENT NO. 1 TO COOPERATIVE AGREEMENT NO. C -9 -0901 BETWEEN THE ORANGE COUNTY TRANSPORATION AUTHORITY AND CITY OF ORANGE AND SUCCESSOR AGENCY TO THE ORANGE REDEVELOPMENT AGENCY FOR PARKING CAPACITY EXPANSION AT ORANGE SANTA FE DEPOT. WHEREAS, Assembly Bill xl 26 ( "AB 26 ") and AB xl 27 were passed by the State Legislature on June 15, 2011 and signed by the Governor on June 28, 2011; and WHEREAS, among other things, AB 26 amended Sections 33500, 33501, 33607.5 and 33607.7 of the California Health and Safety Code and added Part 1.8 and Part 1.85 of Division 24 to the California Health and Safety Code (AB 26, together with all amendments and supplements to such California Health and Safety Code provisions subsequently enacted, being referred to herein as the "Dissolution Act "); and WHEREAS, pursuant to the Dissolution Act, the Orange Redevelopment Agency (the Agency ") was dissolved as of February 1, 2012; and WHEREAS, California Health and Safety Code Section 34173(a) designates successor agencies as successor entities to former redevelopment agencies; and WHEREAS, on January 10, 2012, by Resolution No. 10625, the City Council of the City of Orange elected for the City to serve as the successor agency (the "Successor Agency ") upon the dissolution of the Agency, subject to all reservations stated in such resolution; and WHEREAS, the Oversight Board of the Successor Agency to the Orange Redevelopment Agency (the "Oversight Board ") has been established to direct the Successor Agency to take certain actions to wind down the affairs of the Agency in accordance with the California Health and Safety Code; and WHEREAS, the Cooperative Agreement No. C -9 -0901 (the "OCTA Agreement "), by and among the Agency (as succeeded by the Successor Agency), the City of Orange and the Orange County Transportation Authority ( "OCTA ") is an "enforceable obligation" under the Dissolution Act; and WHEREAS, there has been prepared an Amendment No. 1 to Cooperative Agreement No. C -9 -0901 to provide for an extension of time for completion of the design phase from December 31, 2015 to December 31, 2017; and NOW, THEREFORE, the Oversight Board of the Successor Agency to the Orange Redevelopment Agency does hereby resolve as follows: Section 1. The Oversight Board hereby finds and determines that the foregoing recitals are true and correct. Section 2. All legal prerequisites to the adoption of this Resolution have occurred. Section 3. The Oversight Board resolves to approve the Amendment No. 1 to Cooperative Agreement No. C -9 -0901 to provide for an extension of time for completion of the design phase from December 31, 2015 to December 31, 2017. Section 4. The Chairperson of the Successor Agency is hereby authorized, for and on behalf of the Successor Agency, to sign all documents necessary and appropriate to carry out and implement the Amendment No. 1 to Cooperative Agreement No. C -9 -0901 substantially in the form presented, and to administer the Successor Agency's obligations, responsibilities and duties to be performed under the Amendment No. 1. Section 5. The members of the Oversight Board, the Executive Director of the Successor Agency and all other officers of the City, acting as Successor Agency, are hereby authorized, jointly and severally, do all things which they may deem necessary or proper (including the signing of documents) to effectuate the purposes of this Resolution and the OCTA Agreement, as amended by the Amendment No. 1 to Cooperative Agreement No. C -9 -0901. Section 6. The Clerk of the Oversight Board shall certify to the adoption of this Resolution. ADOPTED this 14 day of October, 2015. A ersa E. Smith Chairperson of the Oversight Board of the Successor Agency to the Orange Redevelopment Agency ATTEST: Mary E. Murphy Clerk of the Oversight Board RESOLUTION NO. OB -0065 2 I hereby certify that the foregoing Resolution was duly and regularly adopted by the Oversight Board of the Successor Agency to the Orange Redevelopment Agency at a regular meeting thereof held on the 14`" day of October, 2015, by the following vote: AYES: BOARDMEMBERS: Schulze, Christensen, Davert, Buttress, Smith NOES:BOARDMEMBERS:None ABSENT:BOARDMEMBERS:Remland ABSTAIN:BOARDMEMBERS:None Mary E. Murphy Clerk of the Oversight Board RESOLUTION NO.OB -0065 3