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RE S O L UT ION NO. 2012-0020B RESOLUTION OF THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO AUTHORIZING THE EXECUTION OF AN AMENDED AND RESTATED COOPERATION AGREEMENT BETWEEN THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO AND THE CITY OF SAN LEANDRO REGARDING THE CONSTRUCTION AND FUNDING OF EDEN ROAD IMPROVEMENTS AND HAYS STREET IMPROVEMENTS WHEREAS, pursuant to Resolution 2012 -001, adopted by the City Council of the City of San Leandro on January 9, 2012, the City of San Leandro agreed to serve as the Successor Agency to the Redevelopment Agency of the City of San Leandro ( "Redevelopment Agency ") commencing upon dissolution of the Redevelopment Agency on February 1, 2012 pursuant to Assembly Bill xl 26 ( "AB 26 "); WHEREAS, Health and Safety Code Section 33220 authorized any public body to enter into an agreement with a redevelopment agency for the purpose of aiding and cooperating in the planning, undertaking, construction, or operation of redevelopment projects located within the jurisdiction in which such public body is authorized to act, upon the terms and with or without consideration as such public body determines; and WHEREAS, Health and Safety Code Section 33126(b) authorized redevelopment agencies to enter into contracts with any other public agency pursuant to which the public agency would agree to furnish necessary staff services associated with or required by redevelopment. WHEREAS, the governing board of the Redevelopment Agency and the San Leandro City Council ( "City Council ") each adopted the findings required by Health and Safety Code Section 33445 with respect to the public improvements described in Exhibit A 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 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 certain other public improvements, and the Redevelopment Agency agreed to provide funding for such work; 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 1875633.1