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RESOLUTION 2012 -003 <br />RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE TOWN <br />OF LOS GATOS MAKING A DECLARATION WITH RESPECT TO <br />LOAN, ADVANCE OR INDEBTEDNESS FORGIVENESS IN <br />COMPLIANCE WITH HEALTH AND SAFETY CODE SECTION 33354.8 <br />WHEREAS, the Redevelopment Agency of the Town of Los Gatos (the "Agency ") is <br />responsible for implementing redevelopment programs and activities within its jurisdiction <br />pursuant to the California Community Redevelopment Law (Health and Safety Code Section <br />33000 et seq.; the "CRL "), and the Town of Los Gatos (the "Town" is authorized to cooperate <br />with the Agency to facilitate such redevelopment pursuant to the CRL; and <br />WHEREAS, Health and Safety Code Section 33354.8, added to the CRL by AB 936 <br />effective January 1, 2012, requires the Agency to adopt a resolution that declares whether or not <br />it has been involved in the forgiveness, during the period of time commencing January 1, 2010, <br />through December 31, 2011, of the repayment, wholly or partially, of a loan, advance, or <br />indebtedness that has been owed by a public body (including, without limitation, the Town to the <br />Agency or by the Agency to a public body (including, without limitation, the Town, and, if so, <br />setting forth specified information about such forgiveness; and <br />WHEREAS, this Resolution is adopted to constitute the resolution required by Health <br />and Safety Code Section 33354.8. <br />NOW, THEREFORE, BE IT RESOLVED, that the Agency Board declares that the <br />Agency has not been involved in the forgiveness, during the period of time commencing January <br />1, 2010, through December 31, 2011, of the repayment, wholly or partially, of a loan, advance, <br />or indebtedness that has been owed by a public body (including, without limitation, the Town to <br />the Agency or by the Agency to a public body (including, without limitation, the Town. <br />BE IT FURTHER RESOLVED, that the Agency Executive Director or the Executive <br />Director's designee is authorized and directed to transmit a copy of this Resolution to the State <br />Controller and the Town in compliance with Health and Safety Code Section 33354.8(c). <br />BE IT FURTHER RESOLVED, that this Resolution shall take immediate effect upon <br />adoption. <br />