HomeMy WebLinkAboutOversight Board Reso 14-0019RESOLUTION NO. OB 14 -0019
A RESOLUTION OF THE OVERSIGHT BOARD TO THE DOWNEY
SUCCESSOR AGENCY TO AMEND THE LONG RANGE PROPERTY
MANAGEMENT PLAN AND STATE THE INTENT TO ENTER INTO
COMPENSATION AGREEMENTS AS REQUIRED BY LAW
WHEREAS, the Oversight Board to the Downey Successor Agency ( "Oversight Board ")
has been established to direct the Downey Successor Agency ( "Successor Agency ") to take
certain actions to wind down the affairs of the former Redevelopment Agency functions and
powers of the Community Development Commission of the City of Downey ( "Agency') in
accordance with the requirements of Assembly Bill 26, also known as Chapter 5, Statutes 2011,
First Extraordinary Session, which added Part 1.8 and 1.85 of Division 24 of the California
Health and Safety Code ( "ABx1 26 "); and,
WHEREAS, pursuant to Assembly Bill 1484 and California Health & Safety Code section
34191.5, each Successor Agency shall have completed a Long Range Property Management
Plan (LRPMP) governing the disposition and use of the former Agency owned properties; and,
WHEREAS, the Oversight Board first reviewed and approved the LRPMP on October
17, 2013, before forwarding the LRPMP to the State Department of Finance; and,
WHEREAS, the LRPMP establishes that the properties located at 9062 -9068 Firestone
Boulevard are to be "Retained for Future Development ;" and,
WHEREAS, pursuant to the instruction from the State Department of Finance, the
Successor Agency must state in the LRPMP an intent to enter into compensation agreements
with the Taxing Entities for properties listed as "Retain for Future Development' prior to the
transfer of properties, in order for the LRPMP to be approved by the State Department of
Finance.
NOW, THEREFORE, BE IT RESOLVED BY THE OVERSIGHT BOARD AS FOLLOWS:
SECTION 1. The Oversight Board reviewed and approved the Long Range Property
Management Plan at its meeting on October 17, 2013.
SECTION 2. The properties delineated in the LRPMP at 9062 -9068 Firestone
Boulevard shall remain classified as 'Retain for Future Development."
SECTION 3. With respect to the properties described as 9062 -9068 Firestone
Boulevard, in the LRPMP, the City of Downey will enter into compensation agreements with the
affected taxing entities for the distribution of any net sale proceeds or rental income to the
extent required by law.
SECTION 4. The Oversight Board directs that the LRPMP be ratified with the corrected
dispositions for the aforementioned property and that the intent to enter into compensation
agreements to the extent required by law be affirmed.
RESOLUTION NO. OB 14 -0019
PAGE 2
SECTION 5. The Oversight Board Secretary shall certify to the adoption of this
Resolution.
PASSED AND ADOPTED by the Oversight Board at a meeting held on the W' day of June,
2014.
DONALD LAPLANTE, Chair
ATTEST:
ry-y \
GLADNO CHAVEZ
Secretary
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS
CITY OF DOWNEY )
I, Gladys Chavez, Secretary, hereby certify that the foregoing resolution was duly adopted
at a Regular Meeting of the Oversight Board, held on the 19'" day of June, 2014.
AYES:
BOARD MEMBERS:
Brossmer, Flores, Schindler, Chair LaPlante
NOES:
BOARD MEMBERS:
None
ABSENT:
BOARD MEMBERS:
Delawalla, Helvey, Latham
ABSTAIN:
BOARD MEMBERS:
None
GLADP CHAVEZ
Secretary