2012-49 t RESOLUTION NO. 2012-49 SA
A RESOLUTION OF THE SUCCESSOR AGENCY OF THE
COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF GRAND
TERRACE AUTHORIZING SUCCESSOR AGENCY STAFF TO
TRANSMIT THE DUE DILIGENCE REVIEW TO THE OVERSIGHT
BOARD OF THE SUCCESSOR AGENCY OF THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF GRAND TERRACE
AND TO OTHER STATE AGENCIES PURSUANT TO THE HEALTH
AND SAFETY CODE
WHEREAS, the Successor Agency of the Grand Terrace Community
Redevelopment Agency ("Successor Agency') has met and authorized Successor
Agency staff to enter into a contract with the firm Rogers Anderson Malody Scott
("Auditor") to conduct the required due diligence review under AB 1484; and
WHEREAS, time is of the essence because the Due Diligence Review
concerning the Low- and Moderate-Income Housing Funds ("LMIHF Due Diligence
Review") of the Successor Agency required by Health & Safety Code sections 34179.5
and 34179.6 is required to be transmitted to the Oversight Board of the Successor
Agency ("Oversight Board") and other state agencies by October 1, 2012, and
WHEREAS, the Auditor has completed the field work required to draft the Due
Diligence Review, but has not yet completed drafting the Due Diligence Review to be
provided to the Oversight Board and other state agencies; and
WHEREAS, the Successor Agency must take formal action to direct Successor
Agency staff to transmit the LMIHF Due Diligence Review to the Oversight Board and
other state agencies pursuant to the Health & Safety Code.
NOW THEREFORE, BE IT RESOLVED by the Successor Agency of the Grand
Terrace Community Redevelopment Agency, as follows:
SECTION 1. The Successor Agency finds and determines that the foregoing
recitals are true and correct.
SECTION 2. Successor Agency staff is hereby directed to transmit the LMIHF
Due Diligence Review, once it has been completed by the Auditor, to the Oversight
Board, the County Auditor-Controller, the California State Controller, the California
Department of Finance, and any other relevant State agency pursuant to the Health &
Safety Code.
SECTION 3. Successor Agency staff is hereby authorized to take all other
actions necessary and required to carry out this Resolution, to transmit the LMIHF Due
Diligence Review as noted above, and to ensure the Successor Agency complies with
the due diligence review process pursuant to the Health & Safety Code or any other
relevant law.
PASSED, APPROVED, AND ADOPTED at a regular meeting of the Successor Agency
to Community Redevelopment Agency of the City of Grand Terrace, held on this the
25t" day of September 2012, by the following vote:
AYES: Councilmembers Hays, Sandoval and McNaboe, Mayor Pro Tern Garcia
and Mayor Stanckiewitz
NOES: None
ABSENT: None
ABSTAIN: None
Mayor of th6 CTy of Grand Terrace
ATTEST:
Y
Tracey R. lartinez, City 9s,
APPROVED ST O M:
ichard L. Adams ll, City Attorney
State of California )
County of San Bernardino )ss.
State of California )
I, Tracey R. Martinez, hereby certify that I am the duly appointed City Clerk of the
City of Grand Terrace and that the foregoing resolution was duly adopted at a regular
meeting of the City Council and the City Council as the Successor Agency to the
Community Redevelopment Agency of the City of Grand Terrace held on the 251" day of
September, 2012.
L Tracey R. lartinez, City CI