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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />I I <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 />28 <br />On, A FTORNFY'S 01TH 1 <br />3900 M r,N STPmn <br />RrvrR I HA CA 92,922 <br />951) 8�6-1567 <br />RESOLUTION NO. I I <br />A RESOLUTION OF THE OVERSIGHT BOARD FOR SUCCESSOR <br />AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF <br />RIVERSIDE, CALIFORNIA APPROVING A REIMBURSEMENT <br />AGREEMENT BETWEEN THE SUCCESSOR AGENCY AND THE CITY <br />OF RIVERSIDE RELATING TO THE BURLINGTON NORTHERN <br />SANTA FE QUIET ZONES RAIL PROJECT <br />WHEREAS, pursuant to Resolution No. 22322, adopted by the City Council of the City of <br />Riverside ("City") on January 10, 2012, the City of Riverside agreed to serve as the Successor <br />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 x 1 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 formed 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 15, 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 />the (I) Casa Blanca Redevelopment Project Area; (2) Arlington Redevelopment Project Area and (3) <br />La Sierra/Arlanza Redevelopment Project Area (the "Project Areas") to be used to fund various <br />public improvement projects ("Bonds"); and <br />