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RES-OB-0046 Parking Capacity Expansion ApprovalRESOLUTION NO.OB -0046 A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE ORANGE REDEVELOPMENT AGENCY APPROVING AMENDMENT NO. 3 TO COOPERATIVE AGREEMENT NO. C -9 -0243 BETWEEN THE ORANGE COUNTY TRANSPORTATION 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; and WHEREAS, by enactment of Part 1.85 of Division 24 of the California Health and Safety Code, subject to all reservations herein stated, the Orange Redevelopment Agency (the Agency ") was dissolved as of February 1, 2012; and WHEREAS, Assembly Bill 1484 ( "AB 1484 ") was passed by the State Legislature on June 27, 2012 and signed by the Governor on June 27, 2012 which adds and amends certain provisions contained in AB 26, including the process for adopting Recognized Obligation Payment Schedules; 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 of Orange declared itself 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 -0243 is an "enforceable obligation" under Health and Safety Code Section 34171(G)(2) as it was entered into no later than December 31, 2010 and it is a written agreement for the purpose of securing indebtedness; and WHEREAS, the Cooperative Agreement No. C -9 -0901 is an "enforceable obligation" under Health and Safety Code Section 34171(G)(2) as it was entered into no later than December 31, 2010 and it is a written agreement for the purpose of securing indebtedness; and WHEREAS, California Health and Safety Code Section 34177(i) authorizes the Successor Agency to continue overseeing development of properties until the "contracted work" has been completed or the contractual obligations of the former redevelopment agency can be transferred to other parties. The contractual obligation with OCTA to reimburse the Successor Agency for environmental work related to the Metrolink Parking Structure is not yet complete; and, WHEREAS, California Health and Safety Code Section 34180(e) authorizes the Oversight Board to approve successor agency actions that continue the acceptance of federal or state grants that are conditioned upon matching funds from the former redevelopment agency; and WHEREAS, the Oversight Board approved Amendment No. 3 to Cooperative Agreement No. C -9 -0243 on September 24, 2013; and, WHEREAS, the State Department of Finance denied Amendment No. 3 to Cooperative Agreement No. C -9 -0243 on November 5, 2013 and directed that the matter be returned to the Oversight Board for reconsideration. 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 Amendment No. 3 to Cooperative Agreement No. C -9 -0243 to extend the timeline for completion to September 30, 2014. Section 4. The Chairperson is hereby authorized, on behalf of the Successor Agency, to sign all documents necessary and appropriate to carry out and implement the Agreement, and to administer the Agency's obligations, responsibilities and duties to be performed under the Agreement. Section 5. The Clerk of the Oversight Board shall certify to the adoption of this Resolution. Section 6. This Resolution shall take effect immediately upon its adoption. 2 ADOPTED this I I" day of December, 2013. v Chairper on f he Oversight Board of the Successor Agency ta.We Orange Redevelopment Agency ATTEST: dcir' Mary E. lrphy Clerk of the Oversight Board 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 I I day of December, 2013, by the following vote: AYES: BOARDMEMBERS: Remland, Christensen, Davert, Buttress, Cavecche, Schulze NOES: BOARDMEMBERS: None ABSENT: BOARDMEMBERS: Yarbrough ABSTAIN: BOARDMEMBERS: None Mary E. rphy Clerk of t ' Oversight Board 3