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IN THE CITY COUNCIL OF THE CITY OF SAN LEANDRO RESOLUTION NO. 2012-105 RESOLUTION APPROVING THE TRANSFER OF CERTAIN FORMER REDEVELOPMENT AGENCY REAL PROPERTY ASSETS TO THE CITY OF SAN LEANDRO WHEREAS, pursuant to Resolution No. 2012 -001, adopted by the City Council of the City of San Leandro on January 9, 2012, the City of San Leandro ( "City ") agreed to serve as the Successor Agency ( "Successor Agency ") to the Redevelopment Agency of the City of San Leandro (the "Redevelopment Agency ") commencing upon the dissolution of the Redevelopment Agency on February 1, 2012; WHEREAS, pursuant to Health and Safety Code Sections 34177(e), 34181(a) and 34181(f), the Successor Agency may convey governmental purpose properties to the appropriate public entity, provided that the Oversight Board approves of the action at a public meeting preceded by ten days' notice and the Department of Finance does not object within a 60 -day review period; WHEREAS, the properties identified as "Public Purpose Properties" in the staff report accompanying this Resolution (the "Report ") are dedicated for public purposes, including street improvements, public walkways and other public purposes as more particularly described in the Report; WHEREAS, the properties described in the Report and located at 2101 Marina Boulevard and 268 Parrot Street are subject to agreements executed by and between the City and the Redevelopment Agency dated as of September 16, 2003 and January 7, 2008, respectively, (the "Agreements ") which Agreements provided for the conveyance of such properties by the City to the Redevelopment Agency and the payment by the Redevelopment Agency to the City of all future sale proceeds derived from such properties; 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 agency are invalid, provided however, that a successor agency that wishes to re -enter into agreements with the city that formed the redevelopment agency may do so upon obtaining the approval of the oversight board formed to oversee the actions of the successor agency ( "Oversight Board "); and WHEREAS, the properties identified in the Report were conveyed by the Redevelopment Agency to the City pursuant to Resolution No. 2011 -004 RDA adopted May 7, 2011, but such conveyances may be unwound pursuant to Assembly Bill x1 26 and Assembly Bill 1484. NOW THEREFORE, BE IT HEREBY RESOLVED by the City Council of the City of San Leandro that it does hereby resolve as follows: