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OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE FAIRFIELD <br />REDEVELOPMENT AGENCY <br />RESOLUTION NO. OB2013-03 <br />A RESOLUTION OF THE OVERSIGHT BOARD FOR THE <br />SUCCESSOR AGENCY TO THE FAIRFIELD REDEVELOPMENT <br />AGENCY DIRECTING THE TRANSFER OF HOUSING <br />FUNCTIONS AND ASSETS <br />WHEREAS, Pursuant to Heaith and Safety Code Section 34175(b) and the California <br />Supreme Court's decision in California Redevelopment 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 former Fairfield <br />Redevelopment Agency (the "Agency") transferred to the control of the Successor <br />Agency to the Fairfield Redevelopment Agency (the "Successor Agency") by operation <br />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") adopted Resolution No. 2012-25 electing for the City not <br />to retain the housing functions previously performed by the former Agency, and <br />determining that all of the assets, as allowed by law, and all rights, powers, liabilities, <br />duties, and obligations associated with the housing activities of the former Agency be <br />transferred to the Fairfield Housing Authority (the "Housing Successor"); and <br />WHEREAS, Health and Safety Code Section 34177(g) directs the Successor Agency to <br />effectuate the transfer of housing functions and assets to the appropriate entity <br />designated pursuant to Health and Safety Code Section 34176, being the Housing <br />Successor, and Health and Safety Code Section 34181(c) provides that the Oversight <br />Board for the Successor Agency (the "Oversight Board") shall direct the Successor <br />Agency to transfer housing assets pursuant to Health and Safety Code Section 34176; <br />and <br />WHEREAS, On May 14, 2012, the Oversight Board adopted its Resolution No. <br />0B2012-05, en4itled "A Resolution of the Oversight Board for the Successor Agency to <br />the FairField Redevelopment Agency Directing the Transfer to the Successor Agency of <br />Housing Assets Responsibilities, Rights, Powers and Duties," to direct the transfer to <br />the Successor Agency of housing assets, responsibilities, rights, powers and duties, <br />including certain real property as described on Exhibit A thereto; and <br />