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HomeMy WebLinkAbout2011-09-06 Ordinance 5126Ordinance No. 5126 Ordinance of the Council of the City of Palo Alto Dissolving the Palo Alto Redevelopment Agency The Council of the City of Palo Alto does ORDAIN as follows: SECTION 1. FINDINGS AND DECLARATIONS. The City Council herein finds and declares as follows: A. In July 2001, pursuant to Section 33101 of the Community Redevelopment Law, the City Council established the Redevelopment Agency of the City of Palo Alto ("Redevelopment Agency"). The Redevelopment Agency was authorized to transact business and exercise its powers under the provisions of the Community Redevelopment Law. B. The City Council declared itself to be the Redevelopment Agency of the City of Palo Alto. C. As part of the 2011-12 State budget bill, the California Legislature has recently enacted and the Governor has signed, companion bills AB IX 26 and AB IX 27, requiring that each redevelopment agency be dissolved unless the community that created it enacts an ordinance committing it to making certain payments to the State. D. In the approximate ten years since the City Council fonned the Redevelopment Agency, the Redevelopment Agency has not identified a qualifying redevelopment area. E. The Redevelopment Agency has not conducted any redevelopment activities, including redeveloping or acquiring land, entering· into a contract, issuing bonds or incurring housing obligations, since its fonnation. F. There is no further need for the Redevelopment Agency. SECTION 2. DISSOLUTION. Pursuant to Health & Safety Code Section 33140, the Redevelopment Agency of the City of Palo Alto is hereby dissolved. SECTION 3. FUTURE ACTIONS. The City Manager is hereby authorized to take any further actions necessary to effectuate this dissolution. SECTION 4. SECRETARY OF STATE. The City Clerk is hereby directed to cause a certified copy of this ordinance to be filed in the office of the Secretary of State pursuant to Health & Safety Code Section 33142. SECTION 5. SEVERABILITY. If any provision of this Ordinance or the application thereof to any person or circumstance is held invalid, such invalidity shall not affect other provisions or applications of this Ordinance which can be given effect without the invalid 1l0712jb 0130808 1