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Sx <br />i! <br />A' City of San Leandro <br />Meeting Date: June 4, 2012 <br />00 Staff Report <br />File Number: 12 -289 Agenda Section: CONSENT CALENDAR <br />Agenda Number: 8.0. <br />TO: City Council <br />FROM: Chris Zapata <br />City Manager <br />BY: Luke Sims <br />Community Development Director <br />FINANCE REVIEW: Not Applicable <br />TITLE: Staff Report for Resolution of the City Council of the City of San Leandro and <br />the City Council of the City of San Leandro Acting in its Capacity as the <br />Successor Agency to the Redevelopment Agency Authorizing the Execution of <br />an Amended and Restated Cooperation Agreement Between the Successor <br />Agency to the Redevelopment Agency of the City of San Leandro and the City <br />of San Leandro Regarding the Construction and Funding of Public <br />Improvements <br />�IIJJihyi /e1 :rail 011 1N;[0]LyiILyiIN101I7e ,II[a]06"] <br />Staff recommends that the City Council and the Successor Agency to the former <br />Redevelopment Agency, approve the Resolutions Re- Entering into an Amended Cooperative <br />Agreement, thereby re- affirming a 2011 Agency funding commitment of approximately $5.5 <br />million for improvements to MacArthur Boulevard and Doolittle Drive. <br />BACKGROUND <br />On January 17, 2011, the Redevelopment Agency and City of San Leandro executed a <br />Cooperative Agreement whereby the Agency pledged $8,967,754. At the time of the Agency's <br />dissolution on February 1, 2012, the full balance of this obligation was still owed and that <br />amount was added to the Agency's Enforceable Obligation Payment Schedule (EOPS) and <br />Recognized Obligation Payment Schedule (ROPS). <br />After the approval of the ROPS by the City Council (serving as Successor Agency) on April 2, <br />2012 and the Successor Agency Oversight Board on April 6, 2012, the California Department <br />of Finance (DOF) exercised its right to conduct a review of the list of Enforceable Obligations. <br />Upon completion of that review, the DOF informed the City that it did not consider some items <br />to be enforceable because, with very limited exceptions, Assembly Bill 1x 26 does not <br />recognize agreements between a redevelopment agency and the city that created it. This <br />determination impacts the aforementioned Cooperative Agreement and a loan from the City to <br />the Joint Project Area. <br />City of San Leandro Page 1 Printed on 512912012 <br />