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IN THE CITY OF SAN LEANDRO SUCCESSOR AGENCY RESOLUTION NO. 2012 -010 SA RESOLUTION OF THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF TI-IE CITY OF SAN LEANDRO DESIGNATING OFFICERS AND ADOPTING ADMINISTRATIVE AND OPERATING PROCEDURES WHEREAS, the California Legislature adopted, the Governor signed, and the California Supreme Court, in California Redevelopment Association, et al. v. Matosantos, (2012) 53 Ca1.4th 231, upheld Assembly Bill xl 26 ( "ABx1 26 "); WHEREAS, pursuant to ABxI 26, all California redevelopment agencies were dissolved effective February 1, 2012; WHEREAS, as added by ABxI 26, California Health and Safety Code Sections 34171(j) and 34 originally provided that a city or county that formed a redevelopment agency (the "Sponsoring Jurisdiction ") would serve as the successor agency to the dissolved redevelopment agency unless the Sponsoring Jurisdiction affirmatively elected not to fill that role; WHEREAS, as added by ABxI 26, California Health and Safety Code Section 34173(b) provides that the authority, rights, powers, duties and obligations previously vested with the former redevelopment agencies are vested in the successor agencies; WHEREAS, pursuant to Resolution No. 2012 -001, adopted by the City Council on January 9, 2012, the City of San Leandro ("City ") agreed to serve as the successor agency to the Redevelopment Agency of the City of San Leandro (the "Agency ") commencing upon the dissolution of the Agency on February 1, 2012; WHEREAS, Assembly Bill 1484, enacted June 27, 2012, modified ABx1 26 to clarify that successor agencies are separate legal entities from the Sponsoring Jurisdiction; and WHEREAS, the City Council of the City of San Leandro has adopted a resolution that acknowledges the existence of the successor agency to the San Leandro Redevelopment Agency ("Successor Agency ") as an entity separate and distinct from the City. NOW THEREFORE, BE IT HEREBY RESOLVED by the governing board of the Successor Agency to the San Leandro Redevelopment Agency that it hereby: 1. Acknowledges that by operation of law, upon dissolution of the Agency, ownership and control of all Agency assets, including without limitation, all properties, contracts, agreements, books and records, real property, personal property, equipment, cash and cash equivalents, and receivables of the former Agency (other than housing assets that transferred to the City as housing successor pursuant to Health and Safety Code Section 34176) were transferred to the Successor Agency.