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RESOLUTION 2012 -004 <br />RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS <br />GATOS MAKING A DECLARATION WITH RESPECT TO LOAN, <br />ADVANCE OR INDEBTEDNESS FORGIVENESS IN COMPLIANCE <br />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 and 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 a public body (such as the Town) to adopt a resolution that <br />declares whether or not it has been involved in the forgiveness, during the period of time <br />commencing January 1, 2010, through December 31, 2011, of the repayment, wholly or partially, <br />of a loan, advance, or indebtedness that has been owed by the public body (such as the Town) to <br />the Agency or by the Agency to the public body (such as the Town), and, if so, setting forth <br />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 Town Council declares that the <br />Town has not been involved in the forgiveness, during the period of time commencing January 1, <br />2010, through December 31, 2011, of the repayment, wholly or partially, of a loan, advance, or <br />indebtedness that has been owed by the Town to the Agency or by the Agency to the Town. <br />BE IT FURTHER RESOLVED, that the Town Manager or the Town Manager's <br />designee is authorized and directed to transmit a copy of this Resolution to the State Controller <br />and the City Council 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 />