HomeMy WebLinkAboutResolution 2012-04 and 593 AB936 Forgiveness of Loans, Advances, or Other Indebtedness - Joint ConsiderationCITY OF PALM DESERT/PALM DESERT REDEVELOPMENT AGENCY
JOINT CONSIDERATION
STAFF REPORT
REQUEST: APPROVE CITY RESOLUTION.... -.AND AGENCY
RESOLUTION 593 RELATED TO FORGIVENESS OF LOANS,
ADVANCES, OR OTHER INDEBTEDNESS PURSUANT TO AB
936
SUBMITTED BY: Janet M. Moore, Director of Housing
DATE: January 26, 2012
CONTENTS: City Resolution No. 2012- 04
Agency Resolution No. 593
Recommendation
By Minute Motion, that the City Council and Agency Board:
1. Waive further reading and adopt City Resolution No. 2012-04, a
resolution of the City of Palm Desert pursuant to Assembly Bill 936
concerning forgiveness of loans, advances, or other indebtedness
and taking certain other actions in connection therewith; and
2. Waive further reading and adopt Agency Resolution No. 593 , a
resolution of the Palm Desert Redevelopment Agency pursuant to
Assembly Bill 936 concerning forgiveness of loans, advances., or
other indebtedness and taking certain other actions in connection
therewith.
Executive Summary
Assembly Bill 936 ("AB 936"), provides that by February 1, 2012, a redevelopment agency
or a public body must adopt a resolution stating whether or not during the period of time
from January 1, 2010, through December 31, 2011, the redevelopment agency or public
body has forgiven, wholly or partially, the repayment of any loans, advances or
indebtedness owed to or by the redevelopment agency.
The Palm Desert Redevelopment Agency (the "Agency") has not wholly or partially forgiven
the repayment of any loans, advances, or indebtedness owed to the Agency by any public
body nor has a public body forgiven completely or any part of the repayment of any loans,
advances, or indebtedness owed by the Agency to such public body during the noted
period of time.
Staff Report
Adopt Resolution No. 593 and the City Adopt Resolution No. 2012 -04
January 26, 2012
Page 2 of 2
Discussion
Assembly Bill 936 ("AB 936"), provides that by February 1, 2012, a redevelopment agency
or a public body must adopt a resolution stating whether or not during the period of time
from January 1, 2010, through December 31, 2011, the redevelopment agency or public
body has forgiven, wholly or partially, the repayment of any loans, advances or
indebtedness owed to or by the redevelopment agency.
In the event that such repayment has been forgiven, then the resolution must state the
name of the public body to which the agency owes the debt or from which the agency was
due the debt, the amount forgiven, the terms of the indebtedness, and the fiscal effect of
the forgiveness on the redevelopment agency and the public body. A copy of the
resolution must be sent to the City Council and the State Controller no less than ten days
after adoption.
The Palm Desert Redevelopment Agency (the "Agency") has not wholly or partially forgiven
the repayment of any loans, advances, or indebtedness owed to the Agency by any public
body nor has a public body forgiven completely or any part of the repayment of any loans,
advances, or indebtedness owed by the Agency to such public body during the noted
period of time.
Staff recommends that by February 1, 2012, the City Council adopt Resolution2012 and the
Agency Board adopt Res. 593 pursuant to AB 936 to declare that no such forgiveness
has occurred.
Fiscal Impact ON - U - ��L J%___
There is no fiscal impact to the City and/or Agency. VERIFIED BY
L c
Submitted By: Approval: Original on file with City 0118rk` -.. oflice
J ne M. Moore, Director of Housing
aul S. Gibson, Director of Finance
CITY COUNCIL
kCTION
APPROVED DENIED _..,.
4fCEIyED OTHER
MEETI c
AYES444
,
NOES:
4),Okcz�:D ABSENT:.
n M. Wohlmuth, City Manager/Executive DirRgli N:
VERIFIED BY:L
Original on File with
G:vda\Patty LeowJMNCstaffrepoivAB 936 1-26-201 Ldoc
rk's Office
RESOLUTION NO. 2012- 04
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM DESERT
PURSUANT TO ASSEMBLY BILL 936 CONCERNING FORGIVENESS OF
LOANS, ADVANCES, OR OTHER INDEBTEDNESS
THE CITY OF PALM DESERT HEREBY FINDS, DETERMINES,
RESOLVES AND ORDERS AS FOLLOWS:
A. Assembly Bill 936, effective January 1, 2012, provides that by no later
than February 1, 2012, a public body must adopt a resolution stating whether or not
during the period of time from January 1, 2010, through December 31, 2011, the public
body has forgiven the repayment, wholly or partially, of any loans, advances or
indebtedness owed to the public body by a redevelopment agency.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY OF PALM DESERT,
CALIFORNIA AS FOLLOWS:
Section 1. The City has not wholly or partially forgiven the repayment of any
loans, advances or indebtedness owed to the City by a redevelopment agency during
the period of time from January 1, 2010, through December 31, 2011.
Section 2. The City Council hereby authorizes and directs the City Manager to
transmit a copy of this Resolution to the California State Controller within 10 days of the
adoption of this Resolution.
Section 3. The City Clerk shall certify to the adoption of this resolution.
PASSED, APPROVED AND ADOPTED this 26T" day of January, 2012.
AYES:
NOES:
ABSENT:
ABSTAIN:
ATTEST:
RACHELLE D. KLASSEN, CITY CLERK
CITY OF PALM DESERT
ROBERT A. SPIEGEL, MAYOR
-1-
81000-0163\1418579V 1.doc Wrda\Patty Leon\jmm staff report\RESOLUTIONS\City Council Resolution re AB 936.doc
RESOLUTION NO. 593
A RESOLUTION OF THE PALM DESERT REDEVELOPMENT AGENCY
PURSUANT TO ASSEMBLY BILL 936 CONCERNING FORGIVENESS OF LOANS,
ADVANCES, OR OTHER INDEBTEDNESS
THE PALM DESERT REDEVELOPMENT AGENCY HEREBY FINDS,
DETERMINES, RESOLVES AND ORDERS AS FOLLOWS:
A. The Palm Desert Redevelopment Agency (the "Agency") is a redevelopment
agency in the City of Palm Desert (the "City"), created pursuant to the Community
Redevelopment Law (Part 1 (commencing with Section 33000) of Division 24 of the
California Health and Safety Code) (the "Redevelopment Law").
B. Assembly Bill 936, effective January 1, 2012, provides that by no later than
February 1, 2012, a redevelopment agency or a public body must adopt a resolution stating
whether or not during the period of time from January 1, 2010, through December 31, 2011,
the redevelopment agency or public body has forgiven the repayment, wholly or partially, of
any loans, advances, or indebtedness owed to or owed by the redevelopment agency, as
appropriate.
NOW, THEREFORE, BE IT RESOLVED BY THE PALM DESERT
REDEVELOPMENT AGENCY OF THE CITY OF PALM DESERT, CALIFORNIA AS
FOLLOWS:
Section 1. The Agency has not wholly or partially forgiven the repayment of any
loans, advances, or indebtedness owed to the Agency by any public body during the period
of time from January 1, 2010, through December 31, 2011.
Section 2. No public body has wholly or partially forgiven the repayment of any
loans, advances, or indebtedness owed by the Agency to such public body during the
period of time from January 1, 2010, through December 31, 2011.
Section 2. The Agency hereby authorizes and directs the Executive Director to
transmit a copy of this Resolution to the City Council of the City of Palm Desert and to the
California State Controller within 10 days of the adoption of this Resolution.
Section 3. The Agency Secretary shall certify to the adoption of this resolution.
PASSED, APPROVED AND ADOPTED this 26T" day of January, 2012.
AYES:
NOES:
ABSENT:
ABSTAIN:
ROBERT A. SPIEGEL, CHAIRMAN
ATTEST:
RACHELLE D. KLASSEN, SECRETARY
PALM DESERT REDEVELOPMENT AGENCY
81000-0163\1418583 V 1.dOC G:Vda\Patty LeonUMM staffreport\RESOLUTIONS\Agency Resolution re AB 936.doc