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xN <br />City of San Leandro <br />Meeting Date: January 17, 2012 <br />Staff Report <br />File Number: 12 -004 <br />TO: Redevelopment Agency <br />Agenda Section: CONSENT CALENDAR <br />Agenda Number: 8.1. <br />FROM: Lianne Marshall <br />Interim City Manager /Executive Director <br />BY: Luke Sims <br />Community Development Director <br />FINANCE REVIEW: Not Applicable <br />TITLE: Staff Report for Resolution Stating that the City of San Leandro Redevelopment <br />Agency Did Not Forgive Any Loans Owed to the Agency by Any Public Body <br />During the 2011 Calendar Year <br />Staff Report for Resolution Stating that the City of San Leandro Redevelopment Agency Did <br />Not Forgive Any Loans Owed to the Agency by Any Public Body During the 2011 Calendar <br />Year <br />RECOMMENDATIONS <br />Adopt resolution stating that the City of San Leandro Redevelopment Agency did not forgive <br />any loans, advances or indebtedness owed to the Agency by any public body during the <br />2011 calendar year. <br />BACKGROUND <br />Assembly Bill 936, which went into effect on January 1, 2012, provides that, by not later than <br />February 1, 2012, redevelopment agencies must adopt a resolution stating whether or not <br />during the calendar year 2011, the agency has forgiven any loans, advances or <br />indebtedness owed to the agency by any public body. If the agency did forgive any such <br />public debt, then the resolution must state the name of the public body, the amount forgiven, <br />the terms of the indebtedness, and the fiscal effect of the forgiveness on the agency and the <br />public body. A copy of the resolution must be sent to the City Council and the State <br />Controller. <br />Analysis <br />The San Leandro Redevelopment Agency does not have any outstanding loans to any <br />public body and did not forgive any such loans in the 2011 calendar year. <br />Fiscal Impacts <br />None <br />City of San Leandro Page 1 Printed on 111012012 <br />