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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />99 <br />CfrY ATT4RNP'Y'S OFFK'L <br />3900 MAiN S= I <br />RIVERSME, CA 92522 <br />(951) 826 -5567 <br />RESOLUTION NO. 1 <br />A RESOLUTION OF THE OVERSIGHT BOARD FOR THE CITY OF <br />RIVERSIDE AS SUCCESSOR AGENCY TO THE REDEVELOPMENT <br />AGENCY OF THE CITY OF RIVERSIDE APPROVING THE TRANSFER <br />OF CERTAIN REDEVELOPMENT AGENCY PROPERTY ASSETS TO <br />THE CITY OF RIVERSIDE FOR CONTINUED AND FUTURE USE AS <br />PUBLIC FACILITIES. <br />WHEREAS, on January 10, 2012, the City Council adopted Resolution No 22322 re- <br />affirming the authorization of the City of Riverside to become Successor Agency to the <br />Redevelopment Agency of the City of Riverside ( "Successor Agency ") pursuant to AB IX 26 (The <br />Redevelopment Agency Dissolution Act); and <br />WHEREAS, pursuant to Health & Safety Code Section 34181(a) of AB 1X 26 the Oversight <br />Board is permitted to transfer ownership of those certain assets that were constructed and used for a <br />governmental purpose ( "Public Facilities "), including but not limited to roads, parks and fire <br />stations, to the appropriate public agency; and <br />WHEREAS, the Public Facilities, as listed in the attached Exhibit "A ", were constructed and <br />used as City facilities for the benefit of City of Riverside residents; and <br />WHEREAS, the Oversight Board has considered and recommends that the Public Facilities <br />(Exhibit "A ") be transferred to the City of Riverside. <br />NOW, THEREFORE, BE IT RESOLVED by the Oversight Board for the City of Riverside <br />as Successor Agency to the Redevelopment Agency of the City of Riverside, as follows: <br />Section 1 : Pursuant to Health & Safety Code Section 34181 (a), the Oversight Board for the <br />City of Riverside as Successor Agency to the Redevelopment Agency of the City of Riverside does <br />hereby direct the Successor Agency to transfer the Public Facilities to the City of Riverside. <br />Section 2 : That the real properties listed in Exhibit "A" attached hereto and incorporated <br />herein by reference shall hereinafter be deemed City of Riverside properties and assets. <br />