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RES-OB-0001 Bylaws & Regulations For Operations ApprovalRESOLUTION NO. OB -0001 A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE ORANGE REDEVELOPMENT AGENCY APPROVING AND ADOPTING BYLAWS AND REGULATIONS FOR OPERATIONS OF ITS MEETINGS PROCEEDINGS AND BUSINESS. 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, the Oversight Board desires to adopt bylaws and regulations for the general conduct of its meetings, proceedings and business. NOW, THEREFORE, the Oversight Board of the Successor Agency to the Orange Redevelopment Agency does hereby resolve as follows: Section 1 . The bylaws and regulations for operations of the Oversight Board, a copy of which is attached hereto and incorporated herein as Exhibit "A ", are hereby approved. Section 2 . The Clerk of the Oversight Board shall certify to the adoption of this Resolution. Section 3 . This Resolution shall take effect immediately upon its adoption. ADOPTED this l I day of April, 2012. the Oversight Board to the Successor Orange Redevelopment Agency ATTEST: Mary E. rphy Clerk of the Oversight doard 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 Itn day of April, 2012, by the following vote: Ayes: Boardmembers: Remland, Christensen, Davert, Buttress, Cavecche, Schulze, Yarbrough Noes: Boardmembers: None Absent: Boardmembers: None Abstain: Boardmembers: None Mary E. urph Clerk of the Oversight Board