8O Consent 2012 0604 - Laserfiche WebLink

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File Number: 12 -293 Boulevard Improvements and the Doolittle Drive Improvements (collectively, the "Public Improvements "), by resolutions adopted on January 17, 2011; WHEREAS, the City of San Leandro ( "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 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 "); WHEREAS, the Oversight Board approved the ROPS on April 6, 2012; WHEREAS, the State Department of Finance reviewed the ROPS, but by letter dated April 11, 2012, indicated that it objected to the Original Cooperative Agreement; WHEREAS, Health and Safety Code Section 34178(a) provides that, with specified exceptions, commencing upon February 1, 2012, agreements, contracts and arrangements between a redevelopment agency and the city that formed the redevelopment agency are invalid; provided however, a successor agency that wishes to reenter into agreements with the city that formed the agency may do so upon obtaining approval of the oversight board; WHEREAS, the City has made a significant investment in the Public Improvements, including the purchase of right -of -way and completion of project design for the Eden Road Improvements, and the establishment of procedures for the formation of an assessment district to secure additional funds required for the Eden Road Improvements; WHEREAS, the City's Transit Oriented Development Strategy identified the Town Hall Square location as a key opportunity site for future development, and the City has determined that development of this site would be severely hindered without reconfiguration of Hays Street; WHEREAS, the planned Streetscape Improvements on MacArthur Boulevard represent the final phase of a two -stage project that was initiated in 2004, on which the Redevelopment Agency had already expended approximately $2,500,000 and made assurances to adjacent property owners that the project would be completed in its entirety; WHEREAS, the planned Streetscape Improvements on Doolittle Drive represent the final City of San Leandro Page 2 Printed on 512912012