Adoption of a Resolution Establishing Rules and Regulations for the Operations of the Successor Agency as a New Legal Entity Separate from the City and Taking Certain Actions in Connection Therewith. City of Culver City California Agenda Item Report ITEM: Item Number: C 1 Meeting Date: 02/06/12 BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE CULVER CITY REDEVELOPMENT AGENCY AGENDA Adoption of a Resolution Establishing Rules and Regulations for the Operations of the Successor Agency as a New Legal Entity Separate from the City and Taking Certain Actions in Connection Therewith. Contact Person/Dept.: Martin R. Cole Assistant City Manager/City Clerk Fiscal Impact: Yes No x General Fund: Yes No x Phone Number: (310)253 6000 Public Hearing: Public Notification: Meetings and Agendas City Council/SA (02/03/12) Action Item: Attachments: x Department Approval: Martin R. Cole (02/03/12) Chief Financial Officer Approval: Jeff S. Muir (02/03/02) City Attorney Approval: Carol Schwab (by H. Baker) (02/03/12) City Manager Approval: John M. Nachbar (02/03/12) RECOMMENDATION: Staff recommends the Board of Directors of the Successor Agency to the Culver City Redevelopment Agency adopt a resolution establishing rules and regulations for the Successor Agency as a new legal entity separate from the City and taking certain actions in connection therewith. BACKGROUND: Pursuant to AB 1X 26 (AB 26) the Redevelopment Agency Dissolution Bill the Culver City Redevelopment Agency (CCRA) was dissolved effective at 12:01 AM on February 1 2012. As provided in AB 26 on January 9 2012 the City Council adopted Resolution No. 2012 R001 affirmatively electing to have the City serve as the Successor Agency to the Culver City Redevelopment Agency ( Successor Agency ). DISCUSSION: In consultation with the City Attorney s Office and the law firm of Kane Ballmer and Berkman (the City s Special Counsel) staff recommends the Successor Agency be operated as a distinct and separate legal entity. The attached ...
Click here for full text