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OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE <br />FAIRFIELD REDEVELOPMENT AGENCY <br />RESOLUTION 0B2012- <br />A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR <br />AGENCY TO THE FAIRFIELD REDEVELOPMENT AGENCY <br />DIRECTING THE TRANSFER TO THE SUCCESSOR AGENCY OF <br />HOUSING ASSETS, RESPONSIBILITIES, RIGHTS, POWERS, AND <br />DUTIES <br />WHEREAS, pursuant to Health and Safety Code Section 34175(b) and the California <br />Supreme Court's decision in California Redeve/opment Association, et al. v. Ana <br />Matosantos, et al. (53 Cal.4th 231(2011)), on February 1, 2012, all assets, properties, <br />contracts, leases, books and records, buildings, and equipment of the FairField <br />Redevelopment Agency (the "Agency") transferred to the Successor Agency to the <br />Fairfield Redevelopment Agency (the "Successor Agency") by operation of law; and <br />WHEREAS, pursuant to Health and Safety Code Section 34176(b), the City Council of <br />the City of FairField (the "City") on February 7, 2012 adopted Resolution No. 2012-25 <br />electing for the City not to retain the responsibility for performing housing functions <br />previously performed by the former Agency, and determining that all of the assets, as <br />allowed by law, and all rights, powers, liabilities, duties, and obligations associated with <br />the housing activities of the former Agency be transferred to the Fairfield Housing <br />Authority (the "Housing Authority"); and <br />WHEREAS, Health and Safety Code Section 34177(g) directs the Successor Agency to <br />effectuate transfer of housing functions and assets to the appropriate entity designated <br />pursuant to Health and Safety Code Section 34176, being the Housing Authority, and <br />Health and Safety Code Section 34181(c) provides that the oversight board of the <br />Successor Agency (the "Oversight Board") shall direct the Successor Agency to transfer <br />housing responsibilities and all rights, powers, duties, and obligations, to the appropriate <br />entity pursuant to Health and Safety Code Section 34176, being the Housing Authority. <br />NOW, THEREFORE, THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO <br />THE FAIRFIELD REDEVELOPMENT AGENCY HEREBY FINDS, DETERMINES, <br />RESOLVES, AND ORDERS AS FOLLOWS: <br />Section 1. The above recitals are true and correct and are a substantive part of this <br />Resolution. <br />Section 2. This Resolution is adopted pursuant to Health and Safety Code Sections <br />34177(g) and 34181(c). <br />ll 432-0001\1457733v l.doc <br />