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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <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 />RESOLUTION NO. I 1 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />RIVERSIDE, CALIFORNIA AS THE SUCCESSOR AGENCY" TO THE <br />REDEVELOPMENT AGENCY OF THE CITY OF RIVERSIDE, <br />APPROVING A REIMBURSEMENT AGREEMENT BETWEEN THE <br />SUCCESSOR AGENCY AND THE CITY OF RIVERSIDE RELATING TO <br />THE BURLINGTON NORTHERN SANTA FE (QUIET ZONES RAIL <br />PROJECT <br />WHEREAS, pursuant to Resolution No. 22322, adopted by the City Council of the <br />City of Riverside ( "City ") on .January 10, 2012, the City of Riverside agreed to serve as the <br />Successor Agency ( "Successor Agency ") to the Redevelopment Agency of the City of Riverside <br />("Redevelopment Agency ") commencing upon dissolution of the Redevelopment Agency on <br />February 1, 2012 pursuant to Assembly Bill x1 26 ( "AB 26 "); and <br />WHEREAS, Health and Safety Code Section 33220 authorized any public body to enter into <br />an agreement with a redevelopment agency for the purpose of aiding and cooperating in the <br />planning, undertaking, construction, or operation of redevelopment projects located within the <br />jurisdiction in which such public body is authorized to act, upon the terms and with or without <br />consideration as such public body determines; and <br />WHEREAS, Health and Safety Code Section 33126(b) authorized redevelopment agencies to <br />enter into contracts with any other public agency pursuant to which the public agency would agree to <br />furnish necessary staff services associated with or required by redevelopment; and <br />WHEREAS, Health and Safety Code Section 33205 authorized redevelopment agencies to <br />delegate to the jurisdiction that forrned the agency any of the powers or functions of the <br />redevelopment agency with respect to the undertaking of a redevelopment project, and authorized <br />such jurisdiction to carry out and perform such powers and functions; and <br />WHEREAS, on December 1.5, 2009, the governing board of the Redevelopment Agency and <br />the City Council of the City of Riverside approved funding for the project design costs of the <br />Burlington Northern. Santa Fe Quiet Zones Project ( "Project "), respectively; and <br />WHEREAS, the Redevelopment Agency issued tax - exempt 2007 Tax Allocation Bonds, for <br />27 <br />the (1) Casa Blanca Redevelopment Project Area; (2) Arlington Redevelopment Project Area and (3) <br />CfTM Al - MRNEY'S Oomr, , <br />3900 MM MN STREET <br />RI` /ERSIDE, CA 92522 <br />(554) 826 -5967 <br />