2012-003 - RDA of LG Making Declaration Loan, Advance or Indebtedness Forgiveness in Compliance with Health and Safety Code 33354.8RESOLUTION 2012 -003
RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE TOWN
OF LOS GATOS MAKING A DECLARATION WITH RESPECT TO
LOAN, ADVANCE OR INDEBTEDNESS FORGIVENESS IN
COMPLIANCE WITH HEALTH AND SAFETY CODE SECTION 33354.8
WHEREAS, the Redevelopment Agency of the Town of Los Gatos (the "Agency ") is
responsible for implementing redevelopment programs and activities within its jurisdiction
pursuant to the California Community Redevelopment Law (Health and Safety Code Section
33000 et seq.; the "CRL "), and the Town of Los Gatos (the "Town" is authorized to cooperate
with the Agency to facilitate such redevelopment pursuant to the CRL; and
WHEREAS, Health and Safety Code Section 33354.8, added to the CRL by AB 936
effective January 1, 2012, requires the Agency to adopt a resolution that declares whether or not
it has been involved in the forgiveness, during the period of time commencing January 1, 2010,
through December 31, 2011, of the repayment, wholly or partially, of a loan, advance, or
indebtedness that has been owed by a public body (including, without limitation, the Town to the
Agency or by the Agency to a public body (including, without limitation, the Town, and, if so,
setting forth specified information about such forgiveness; and
WHEREAS, this Resolution is adopted to constitute the resolution required by Health
and Safety Code Section 33354.8.
NOW, THEREFORE, BE IT RESOLVED, that the Agency Board declares that the
Agency has not been involved in the forgiveness, during the period of time commencing January
1, 2010, through December 31, 2011, of the repayment, wholly or partially, of a loan, advance,
or indebtedness that has been owed by a public body (including, without limitation, the Town to
the Agency or by the Agency to a public body (including, without limitation, the Town.
BE IT FURTHER RESOLVED, that the Agency Executive Director or the Executive
Director's designee is authorized and directed to transmit a copy of this Resolution to the State
Controller and the Town in compliance with Health and Safety Code Section 33354.8(c).
BE IT FURTHER RESOLVED, that this Resolution shall take immediate effect upon
adoption.
PASSED AND ADOPTED at a special meeting of the Board of Directors of the
Redevelopment Agency of the Town of Los Gatos, California held on the 28 day of January,
2012 by the following vote:
DIRECTORS:
AYES: Steven Leonardis, Diane McNutt, Joe Pirzynski, Barbara Spector, and Chair Steve Rice
NAYS:
ABSENT:
ABSTAIN:
SIGNED:
0
CHAI AN OFT E BOARD OF DIRECTORS
OF THE REDEVELOPMENT AGENCY OF THE
TOWN OF LOS GATOS, CALIFORNIA
ATTEST:
SEc �;�I�V�'caPH� "T ff�`fL�`1ey
TOWN OF LOS GATOS, CALIFORNIA