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RES-OB-0008 Transfer of Ownership Of Beach Pit BBQRESOLUTION NO.OB -0008 A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE ORANGE REDEVELOPMENT AGENCY APPROVING THE TRANSFER OF OWNERSHIP INTEREST IN BEACH PIT BBQ AND CHANGE OF DBA TO SMO -Q'D BBQ 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 added and amended certain provisions contained in AB 26; 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 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 redevelopment agency in accordance with the California Health and Safety Code; and WHEREAS, on August 3, 2009, Timothy Douglas DeCinces entered into a Small Business Assistance Loan Program Agreement (Agreement) with the Orange Redevelopment Agency; WHEREAS, the Agreement allows for Mr. DeCinces to transfer his ownership interest in the business and change the DBA with Successor Agency approval; 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 transfer of ownership in Beach Pit BBQ and change of DBA to Smo -Q'd BBQ. Section 4. The Executive Director of the Successor Agency or his designee is hereby authorized to take such actions as are necessary to grant this approval. Section 5. The Clerk of the Oversight Board shall certify to the adoption of this Resolution. Section 6. This Resolution will become effective in accordance with Health and Safety Code Section 341810. ADOPTED this 15" day of August, 2012. to ATTEST: 1 --- Ro6eff 2o n#o Clerk of the Oversight Board the Oversight Board of the Successor mange Redevelopment Agency N 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 15 day of August, 2012, by the following vote: AYES:BOARDMEMBERS:Remland, Christensen, Davert, Buttree, Cavecche, Schulze, Yarbrough NOES:BOARDMEMBERS:None ABSENT:BOARDMEMBERS:None ABSTAIN:BOARDMEMBERS:None Robert Zof4ado Clerk of th6 Oversight Board