2014-55 it
RESOLUTION NO. 2014-55 .5A
A RESOLUTION OF THE SUCCESSOR AGENCY TO THE
COMMUNITY REDEVELOPMENT AGENCY OF THE CITY
OF GRAND TERRACE RATIFYING AND APPROVING
THE TRANSFER OF CERTAIN PROPERTY FROM THE
CITY OF GRAND TERRACE TO THE FORMER-GRAND
TERRACE COMMUNITY REDEVELOPMENT AGENCY
FOR THE PURPOSE OF REDUCING AN OBLIGATION
OWED
WHEREAS, on March 8, 2011, the City of Grand Terrace ("City") owed the
Former-Grand Terrace Community Redevelopment Agency ("former-CRA") a loan in the
amount of $300,205 ("Loan"); and
WHEREAS, pursuant to the California Health & Safety Code and the
dissolution of redevelopment agencies in California, the Successor Agency for the
Grand Terrace Community Redevelopment Agency ("Successor Agency") is the
- - - -successor to all of the former-CRA debts, liabilities, assets, and obligations; and
WHEREAS, on March 8, 2011, the City transferred that certain property
commonly known as 12569 Michigan Street, Grand Terrace, California with Assessor's
Parcel No. 1167-271-11 ("Property") to the former-CRA for purposes of Low and
Moderate Income Housing, as defined by the Health & Safety Code, and, in exchange,
the former-CRA forgave $132,000 of the Loan it made to the City ("Repayment") where
$132,000 represents the value of the Property at the time of the transfer; and
WHEREAS, on May 24, 2011, the former-CRA subsequently approved the
transfer the Property to Habitat for Humanity San Bernardino for the purpose of fulfilling
the former-CRA's Low and Moderate Income Housing obligations pursuant to the Health
& Safety Code; and
WHEREAS, as part of the redevelopment dissolution process, the
Successor Agency was required to submit to the California Department of Finance
("DOF") a Due Diligence Review which audited all transfers of assets to and from the
former-CRA and Successor Agency; and
WHEREAS, the aforementioned Due Diligence Review included the
Repayment; and
WHEREAS, the DOF approved of the Repayment in its letter dated
December 15, 2012; and
WHEREAS, the Successor Agency now desires to ratify and approve the
Repayment as one that is valid pursuant to law existing at the time, has been reviewed
by the DOF, and has been approved by the DOF.
Resolution No. 2014-55
NOW THEREFORE, BE IT RESOLVED by the Successor Agency for the
Grand Terrace Community Redevelopment Agency, as follows:
SECTION 1. That the foregoing recitals are true and correct and are
incorporated herein by reference
SECTION 2. That the Successor Agency has duly considered the
Repayment and hereby ratifies and approves the Repayment.
SECTION 3. That Successor Agency staff is hereby directed to take this
matter to the Oversight Board for the Successor Agency for its consideration,
ratification, and approval.
SECTION 4. That the Successor Agency staff is hereby authorized to take
all other actions necessary and proper to carry out this resolution.
SECTION 5. The Successor Agency shall maintain on file as a public
record this Resolution as approved hereby.
PASSED, APPROVED, AND ADOPTED at a regular meeting of the
Successor Agency to Grand Terrace Redevelopment Agency, held on this the 22"d day
of July, 2014 by the following vote:
AYES: Council Members McNaboe, Mitchell, Robles and Mayor Stanckiewitz
NOES: None
ABSENT: None
ABSTAIN: None
Walt Stanckiewitz, Chair, Successor
Agency to Grand Terrace
Redevelopment Agency
ED AS TO FORM:
ssor Agency Counsel
ATTEST:
1.1yAl
e , ,
Su -cessor Agency Secre ary
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Resolution No.2014-55
State of California
County of San Bernardino
City of Grand Terrace
1, DEBORAH A. HARRINGTON, Interim City Clerk of the City of Grand Terrace, do
hereby certify that the foregoing Resolution No. 2014-55 was introduced and adopted at
a regular meeting of the Successor Agency to the Community Redevelopment Agency
of the City Council of the City of Grand Terrace held on the 22�d day of July, 2014.
A RESOLUTION OF THE SUCCESSOR AGENCY TO THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF GRAND TERRACE RATIFYING AND
APPROVING THE TRANSFER OF CERTAIN PROPERTY FROM THE CITY OF
GRAND TERRACE TO THE FORMER-GRAND TERRACE COMMUNITY
REDEVELOPMENT AGENCY FOR THE PURPOSE OF REDUCING AN OBLIGATION
OWED
4aah A. Harring on
Interim City Clerk
City of Grand Terrace
t
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Resolution No. 2014-55
� State of California
County of San Bernardino
City of Grand Terrace
1, DEBORAH A. HARRINGTON, Interim City Clerk of the City of Grand Terrace, do
hereby certify that the foregoing Resolution No. 2014-55 was introduced and adopted at
a regular meeting of the Successor Agency to the Community Redevelopment Agency
of the City Council of the City of Grand Terrace held on the 22"d day of July, 2014.
A RESOLUTION OF THE SUCCESSOR AGENCY TO THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF GRAND TERRACE RATIFYING AND
APPROVING THE TRANSFER OF CERTAIN PROPERTY FROM THE CITY OF
GRAND TERRACE TO THE FORMER-GRAND TERRACE COMMUNITY
REDEVELOPMENT AGENCY FOR THE PURPOSE OF REDUCING AN OBLIGATION
OWED
Dated. July 24, 2014
De rah A. Harrington ,
Interim City Clerk
City of Grand Terrace_ _ =
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