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WHEREAS, the City Council of the City of San Leandro believes that it is in the best <br /> interest of the community for the City to serve as the successor agency to the Agency pursuant to <br /> ABX1 26; and <br /> WHEREAS, under ABX 1 26, the City can opt to retain the housing assets and functions <br /> previously performed by the Agency; and <br /> WHEREAS, the City Council of the City of San Leandro wishes to express its intention to <br /> have the City of San Leandro assume all rights, powers, assets, duties, and obligations associated <br /> with the housing activities of the Redevelopment Agency of the City of San Leandro. <br /> NOW THEREFORE, BE IT RESOLVED by the City Council of the City of San Leandro <br /> as follows: <br /> Section 1. All of the recitals above are true and correct and incorporated herein. <br /> Section 2. Based on the foregoing recitals and the information provided to the City <br /> Council by City staff, the City Council hereby declares that the City of San Leandro elects to serve <br /> as successor agency to the Redevelopment Agency of the City of San Leandro and to assume the <br /> responsibilities, rights and powers of a successor agency pursuant to Health and Safety Code <br /> Section 34177 and other applicable law. <br /> Section 3. The City Council hereby elects to have the City of San Leandro assume all <br /> rights, powers, assets, duties, and obligations associated with the housing activities of the <br /> Redevelopment Agency of the City of San Leandro pursuant to Health and Safety Code Section <br /> 34176. <br /> Section 4. The City Manager is hereby authorized to take all action necessary to <br /> effectuate this Resolution. <br /> Section 5. This Resolution is effective on the day of its adoption. <br /> Section 6. If any provision, clause, section or part of this Resolution is found to be <br /> unconstitutional, illegal or invalid, such finding shall affect only such provision, sentence, clause, <br /> section or part, and shall not affect or impair any of the remaining parts. <br /> * * * ** <br /> RESOLUTION NO. 2012 -001 2 <br />