DATE: September 23, 2015
TO: Chair and Members of Successor Agency Oversight Board
FROM: Assistant City Manager
SUBJECT
Title
Resolution Directing Transfer of a Specified Housing Asset to the Housing Authority of the City of Hayward
End
RECOMMENDATION
Recommendation
That the Oversight Board adopts the attached resolution (Attachment I) authorizing and directing the transfer of a specified housing asset by the Successor Agency to the Housing Authority of the City of Hayward pursuant to Health and Safety Code Section 34181(c).
Body
BACKGROUND AND DISCUSSION
The California State Legislature enacted Assembly Bill x1 26, as amended by AB 1484 (the "Dissolution Statutes") to dissolve redevelopment agencies formed under the "Community Redevelopment Law" (Health and Safety Code Section 33000 et seq.). Under the Dissolution Statutes, all California redevelopment agencies, including the Redevelopment Agency of the City of Hayward (the "Dissolved Agency") were dissolved effective February 1, 2012.
As allowed under Health and Safety Code Section 34176(b)(3), the City Council of the City of Hayward (the "City") elected for the City to not retain the housing assets and functions previously performed by the Dissolved Agency, and instead selected the Housing Authority of the City of Hayward (the "Housing Authority" and "Housing Successor") to serve as the successor housing agency pursuant to Section 34176(b)(3) effective February 1, 2012. Under Health and Safety Code Section 34176, all rights, powers, duties, obligations, and housing assets (as defined in Section 34176(e)) of the Dissolved Agency transfer to the entity that retains the housing assets and functions previously performed by the Dissolved Agency. The Housing Authority (and most housing successors in the State) believed that housing assets approved by Department and contained in the Final Housing Asset List transferred to the Housing Authori...
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