Resolution - 2012-50RESOLUTION NO. 2012-50
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST
COVINA, CALIFORNIA, ACTING AS THE SUCCESSOR AGENCY TO
THE REDEVELOPMENT AGENCY OF THE CITY OF WEST COVINA,
TRANSFERRING REAL PROPERTY LOCATED AT EASTLAND
SHOPPING CENTER (8451-012-907), LAKES OFFICE DEVELOPMENT
(8474-011-942 & 943) AND WESTFIELD PLAZA (8474-003-915, 918, 928,
929, 931, 932, 933, 934, 935, 939, & 940) TO THE PARKING AUTHORITY
OF THE CITY OF WEST COVINA
WHEREAS, The former Redevelopment Agency of the City of West Covina (the
"Agency") was a redevelopment agency formed, existed and exercised its powers pursuant to
California Community Redevelopment Law, Health and Safety Code section 33000 et seq.
("CRL").
WHEREAS, The Parking Authority of the City of West Covina ("Parking Authority")
was formed on July 26, 1971 (City Council Resolution No. 4415) as a public corporation created
under and exercising powers pursuant to the Parking Law of 1949, Part 2 of Division 18,
commencing at Section 32500, of the Street and Highways Code of the State of California.
WHEREAS, Assembly Bill I 26 (the "Dissolution Act") was enacted June 28, 2011, to
significantly modify the Community Redevelopment Law (California Health & Safety Code §
33000, et seq.; the "Redevelopment Law").
WHEREAS, Health and Safety Code § 34177 (e), states that a Successor Agency is
required to dispose of assets and properties of the former redevelopment agency as directed by
the oversight board.
WHEREAS, Health and Safety Code § 34181 (a) states in part that the oversight board
may instead direct the successor agency to transfer ownership of those assets that were
constructed and used for a governmental purpose, such as roads, school buildings, parks,-1 and fire
stations, to the appropriate public jurisdiction pursuant to any existing agreements relating to the
construction or use of such an asset. r_
WHEREAS, The properties located at the Eastland Shopping Center (8451-012-907),
having been purchased by the former redevelopment agency for that purpose in order to provide
a public benefit to the businesses, customers and residents in and around the Eastland Shopping
Center.
WHEREAS, The properties located at the Lakes Office Development (8474-011-942 &
943) are public parking lots and two (2) parking structure, having been acquired and constructed
by the Parking Authority of the City of West Covina and subsequent conveyed (refinancing of
Parking Authority Certificate of Participation Bonds with Lease Revenue Refunding Bonds) to
the former redevelopment agency for that purpose in order to provide a public benefit to the
businesses, customers and residents in and around the Lakes Office Development, Edwards
Theater, Edwards Entertainment Center restaurants and adjacent businesses.
WHEREAS, The property located at the Westfield Plaza (8474-003-915, 918, 928, 929,
931, 932, 933, 934, 935, 939, & 940) are public parking lots and a parking structure, having been
acquired and constructed by the Parking Authority of the City of West Covina and subsequent
conveyed (refinancing of Certificate of Participation with Community Facility District Bonds) to
the former redevelopment agency for that purpose in order to provide a public benefit to the
businesses, customers and residents in and around the Westfield Plaza.
WHEREAS, The Successor Agency of the Redevelopment Agency of the City of West
Covina determines that the transfer of the fourteen (14) subject properties is for governmental
purposes and provides a public benefit in compliance with HSC § 34181 (a) and that the
appropriate public jurisdiction is the. City of West Covina.
WHEREAS, All legal prerequisites to the adoption of this Resolution have occurred.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF WEST COVINA
ACTING AS THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF
THE CITY OF WEST COVINA DOES HEREBY FIND, DETERMINE AND RESOLVE
AS FOLLOWS:
SECTION 1. In all respects as set forth in the Recitals, Part A., of this Resolution.
SECTION 2.. The properties located at Eastland Shopping Center (8451-012-907),
Lakes Office (8474-011-942 & 943), and the Westfield Plaza (8474-003-915, 918, 928, 929,
931, 932, 933, 934, 935, 939, &940) are in compliance with the stated governmental and public
benefit purposes and therefore are transferred to the Parking Authority of the City of West
Covina as the appropriate public jurisdiction.
SECTION 3. The City Manager/Executive Director, or his designee, is authorized to
execute all applicable transfer documentation and conduct necessary recordation of the fourteen
properties to the Parking Authority of the City of West Covina.
SECTION 4. The City Manager/Executive Director, or his designee, hereby is directed
to file a copy of this Resolution with the California State Controller's Office.
SECTION 5: The City Clerk shall certify to the adoption of this Resolution.
PASSED, ADOPTED AND APPROVED this 19th day of June, 2012.
Amin-
M+r Michael Touhey
ATT ST:
City Clerk •L, rie Carrico
I, LAURIE CARRICO, CITY CLERK of the City of West Covina, California, do hereby certify
that the foregoing resolution was duly adopted by the City Council of the City of West Covina,
California, at a regular meeting held thereof on the.lst day of May, 2012 by the following vote of
the City Council:
AYES:
Herfert, Sanderson, Sotelo, Sykes, Touhey
NOES:
None
ABSENT:
None
ABSTAIN:
None
City Clerk Laurie Carrico
APPROVED AS TO FORM:
• 1,
C ty Attorney Arnold Alvarez-Glasman