JOINT CITY COUNCIL AND AGENCY BOARD AGENDA ITEM: (1) Presentation of Comments from the City Manager/Executive Director Related to the Impacts of the Implementation of AB 1X 26 (the Redevelopment Agency Dissolution Bill) and (2) City Council Adoption of a Resolution Designating the City of Culver City as the Successor Agency to the Culver City Redevelopment Agency. City of Culver City California Agenda Item Report Item Number: J 1 Meeting Date: 01/09/12 JOINT CITY COUNCIL AND AGENCY BOARD AGENDA ITEM: (1) Presentation of Comments from the City Manager/Executive Director Related to the Impacts of the Implementation of AB 1X 26 (the Redevelopment Agency Dissolution Bill) and (2) City Council Adoption of a Resolution Designating the City of Culver City as the Successor Agency to the Culver City Redevelopment Agency. Contact Person/Dept.: John Nachbar City Manager Fiscal Impact: Yes No X Phone Number: (310) 253 6000 General Fund: Yes No X Public Hearing: Action Item: X Attachments: X Commission Action Required: Yes No X Date: _______________ Public Notification (E Mail) Meetings and Agendas City Council (01/06/12) Department Approval: John Nachbar (01/6/12) Chief Financial Officer Approval: Jeff Muir (by N. Kimball) (01/06/12) City Attorney Approval: Carol Schwab (by H. Baker) (01/06/12) City Manager Approval: John Nachbar (01/06/12) RECOMMENDATION: Staff recommends the City Council and Agency Board (1) receive the comments from the City Manager regarding the impacts of the implementation of AB 1X 26 (the Redevelopment Agency Dissolution Bill) and (2) the City Council adopt a proposed resolution designating the City of Culver City as the Successor Agency to the Culver City Redevelopment Agency (the Agency ). BACKGROUND: As part of his budget proposal for Fiscal Year 2011/2012 Governor Brown proposed the elimination of redevelopment agencies throughout the State of California to assist the State in addressing its chronic multi billion dollar budget deficit. Despite intens...
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