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I 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 CrrY ATTORNEY'S OFFICE 3900 M XN STREET RIVC•RSmE, CA 92522 (95 1) 826 -5567 RESOLUTION NO. 3 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RIVERSIDE, CALIFORNIA, AS THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF RIVERSIDE, CALIFORNIA, REGARDING FORGIVENESS OF LOANS TO PUBLIC BODIES AS REQUIRED BY HEALTH AND SAFETY CODE SECTION 33354.8. WHEREAS, Health & Safety Code Section 33354.8 requires the adoption of a resolution declaring whether the repayment, wholly or partially, of a loan, advance, or indebtedness owed to a public body by another public body, has been forgiven during the period of time commencing January 1, 2010 through December 31, 2011; and WHEREAS, during the period of time commencing January 1, 2010, through December 31, 2011, there were no loans, advances or indebtedness from or to any public body with the City of Riverside ( "City ") or the Redevelopment Agency of the City of Riverside ( "Agency ") that were forgiven, wholly or partially. NOW, THEREFORE, IT IS RESOLVED by the City Council of the City of Riverside, California, as the successor agency to the Redevelopment Agency of the City of Riverside, California, as follows: Section 1 : The above recitals are hereby found and determined to be true and correct and are hereby incorporated herein as if stated in full. Section 2 : During the period of time commencing January 1, 2010, through December 31, 2011, the City did not forgive, wholly or partially, any loans, advances or indebtedness to any other public body, including the Agency, and the Agency did not forgive, wholly or partially, any loans, advances or indebtedness to any other public body, including the City. Section 3 : During the period of time commencing January 1, 2010, through December 31, 2011, no public body forgave, wholly or partially, any loans, advances or indebtedness to the City or the Agency. Section 4 : The City Clerk shall transmit a copy of this resolution to the Office of the State Controller within 10 days of the adoption of this resolution on behalf of the City as the successor agency to the Agency.