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2012-004 - TC of LG Making Declaration Loan, Advance or Indebtedness Forgiveness in Compliance with Health and Safety Code 33354.8RESOLUTION 2012 -004 RESOLUTION OF THE TOWN COUNCIL 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 and 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 a public body (such as the Town) 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 the public body (such as the Town) to the Agency or by the Agency to the public body (such as 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 Town Council declares that the Town 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 the Town to the Agency or by the Agency to the Town. BE IT FURTHER RESOLVED, that the Town Manager or the Town Manager's designee is authorized and directed to transmit a copy of this Resolution to the State Controller and the City Council 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 Town Council of the Town of Los Gatos, California, held on the 28 day of January, 2012 by the following vote: CK 91 I J NO I� 1 M T I U :l : i . I AYES: Steven Leonardis, Diane McNutt, Joe Pirzynski, Barbara Spector, and Mayor Steve Rice NAYS: ABSENT: . YIIIWOU SIGNED• / MAY R OF THE OWN OF LOS GATOS LOS GATOS, CALIFORNIA ATTEST: ( k9VA' ). CLERK OF THE TOWN OF LOS GATOS LOS GATOS, CALIFORNIA 2