8F Consent 2012 0507 - Laserfiche WebLink

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File Number: 12 -219 (1) The acquisition of the land or the installation or construction of the buildings, facilities, structures, or other improvements that are publicly owned would be of primary benefit to the project area; (2) The acquisition of the land or the installation or construction of the buildings, facilities, structures, or other improvements that are publicly owned would benefit the project area by helping to eliminate blight within the project areas, or would directly assist in the provision of housing for low- or moderate - income persons; (3) No other reasonable means of financing the acquisition of the land or the installation or construction of the buildings, facilities, structures, or other improvements that are publicly owned, is available to the community; (4) The payment of funds for the acquisition of land or the cost of buildings, facilities, structures, or other improvements that are publicly owned is consistent with the implementation plan adopted pursuant to CRL Section 33490; and (5) The acquisition of land and the installation of each building, facility, structure, or improvement that is publicly owned is provided for in the redevelopment plan. WHEREAS, the governing board of the Redevelopment Agency and the San Leandro City Council ( "City Council ") each adopted the findings described in the foregoing Recital with respect to the public improvements described in Exhibit A of the Amended and Restated Cooperative Agreement attached hereto, consisting of the Eden Road Improvements and the Hays Street Improvements (collectively, the "Public Improvements "), by resolutions adopted on January 17, 2011; WHEREAS, the City and the Redevelopment Agency entered into that certain Cooperative Agreement dated as of January 17, 2011 (the "Original Cooperative Agreement "), pursuant to which the City agreed to undertake the construction and installation of the Public Improvements and certain other public improvements, and the Redevelopment Agency agreed to provide funding for such work; WHEREAS, pursuant to Resolution 2012 -001, adopted by the City Council on January 9, 2012, the City agreed to serve as the Successor Agency to the Redevelopment Agency commencing upon dissolution of the Redevelopment Agency on February 1, 2012 pursuant to Assembly Bill x1 26 ( "AB 26 "); WHEREAS, in accordance with AB 26, the City, acting in its capacity as Successor Agency, prepared a Recognized Obligation Payment Schedule ( "ROPS ") setting forth the schedule of existing Redevelopment Agency obligations, including among others, the Original Cooperative Agreement; WHEREAS, an oversight board for the Successor Agency was established pursuant to AB 26 (the "Oversight Board "); City of San Leandro Page 2 Printed on 51112012