CITY OF GLENDALE CALIFORNIA J 0 I N T R E P 0 R T TO T H E C I T Y C 0 U N C I L AND SUCCESSOR AGENCY

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1 CITY OF GLENDALE CALIFORNIA J 0 I N T R E P 0 R T TO T H E C I T Y C 0 U N C I L AND SUCCESSOR AGENCY September 25, 2012 AGENDA ITEM Report: Successor Agency Properties, Loans Receivable and Other Agreements 1. Successor Agency Resolution Authorizing and Directing the Processing of Documentation Confirming Its Ownership of Certain Properties, Loans Receivable and Other Agreements 2. City Council Resolution Authorizing and Directing the Processing of Documentation Reflecting Ownership of Certain Properties, Loans Receivable and Other Agreements by the Glendale Successor Agency ACTION Public Hearing [ 0 dinance [ ] Consent Calendar [ ] Action Item [ X ] Report Only [ Approved for?? calendar ] ADMINISTRATIVE ACTION Submitted ~. Hassan Haghani, Director of Community Development Department....~..,..,.~ Prepared ~ Elena Bolbolian, Principal Administrative Officer...A Approved Scott Ochoa, City Manager/Executive Director.... ~7:~=~~~ Garcia, City Attorney -... ~ ,._T't-"~'--~;...:;...=F-""""-t--~

2 Agency Properties and Receivables September 25, 2012 Page 2 of 3 RECOMMENDATION It is recommended that the City Council and Successor Agency adopt the resolutions to authorize and direct the City Manager/Executive Director to process documentation confirming ownership of noncommitted properties, loans and other receivables and agreements by the Successor Agency. SUMMARYANDBACKGROUND In March 2011, the Council authorized the City Manager to accept conveyance of Agency-owned properties and the assignment of Agency promissory notes and other evidence of indebtedness to the City. A grant deed was recorded to transfer the below listed properties from the Agency to the City. Further, the Council approved an Assignment Agreement between the Agency and the City, Assigning Agency Accounts Receivable and Certain Agreements to the City as listed below: Properties: N. Central Ave N. Brand Blvd E. Wilson Ave E. Broadway block of N. Maryland Ave N. Maryland Ave N. Brand Blvd. 8. Americana Open Space Parcel 9. Americana Parking Structure Parcels S. Brand Blvd S. Brand Blvd S. Brand Blvd. Loans and Other Receivables and Agreements: 1. Pandalnn 2. Conrads 3. MONA 4. Exhange Retail Spaces 5. Glendale Arts 6. Pro Biz Bank 7. Farmer's Market 8. Moyse Field Turf Project 9. Embassy Suites 10. County Pass Back Lease Agreement Lease Agreement and Provision for Temporary Rent Abatement Lease Agreement Disposition and Development Agreement Commercial Multi-Tenant Lease Standard Industrial/Commercial Multi-Tenant Lease Agreement for Operation of Glendale Certified Farmer's Market Loan to GUSD to fund Moyse Field Improvement Project Disposition and Development Agreement Amendment to the Agreement for Reimbursement of Tl Funds At the time, the Redevelopment Agency employed this strategy as a means to retain control of Agency assets. Following the transfers of the above properties and receivables, the Governor signed into law AB x 1 4_6, the Dissolution Act,!h~t considered these tran_sf~rs to be unauthorized ~n9 therefore invalid. Further, pursuant to AB x 1 26, in April2012, the California State Controller (SCO) issued correspondence directing the reversal and transfer of redevelopment agency assets to the successor agency.

3 Agency Properties and Receivables September 25, 2012 Page 3 of 3 Moreover, on June 27, 2012, the Governor signed AB 1484 into law making further changes to the Community Redevelopment Law (CRL) and Dissolution Act. Specifically, the following sections discuss the treatment of Agency assets: Section (c)(1 ), categorizes certain other assets as those "transferred from the former redevelopment agency to the successor agency on or about February 1, 2012." Section (c)(2), categorizes certain assets as those "transferred after January 1, by the redevelopment agency... to the city... that formed the redevelopment agency." In the first instance, these properties were automatically vested with the Successor Agency by operation of law. Their disposition will be determined by the Long Range Property Management Plan (LRPMP), anticipated to be completed in The second scenario contemplates the City retaining the properties and crediting their value against funds received by the Successor Agency for the payment of enforceable obligations. This results in an inadequate amount of resources to fund obligations. This distinction is important as the upcoming Due Diligence Review (DDR) Audits will be taking place with the intent of reviewing Agency funds and assets to determine excess amounts to be distributed to the various taxing entities. In order to include the disposition of the assets in the LRPMP and preserve Successor Agency resources for the payment of enforceable obligations, it is important that the assets be confirmed as belonging to the Successor Agency. Based on the nullification of the initial transfer by the Dissolution Act, staff is recommending the adoption of resolutions to confirm Successor Agency ownership of the assets. This will also allow for the orderly disposition of assets through the LRPMP. FISCAL IMPACT In March 2011, the Agency transferred various assets, including real properties, loans and other receivables to the City for a total value of $53.1 Million. The resolutions in this report will authorize the return of the real properties, loans and other receivable to the Successor Agency as the transfer was considered unauthorized by the Dissolution Act. The transfer of properties and receivables back to the Successor Agency is significant given the upcoming Due Diligence Review (DDR) Audit that is required by the Dissolution Act. This Audit must be completed by January 2013 with the goal of identifying excess funds to distribute to the taxing entities. If the assets were to stay with the City, this would result in an inadequate amount of resources to fund enforceable obligations. CAMPAIGN FINANCE DISCLOSURE Not applicable. EXHIBITS Exhibit 1: List of Non-Committed Properties

4 RESOLUTION NO. SA- RESOLUTION OF THE GOVERNING BOARD OF THE GLENDALE SUCCESSOR AGENCY AUTHORIZING AND DIRECTING THE PROCESSING OF DOCUMENTATION CONFIRMING ITS OWNERSHIP OF CERTAIN PROPERTIES, LOANS RECEIVABLE AND OTHER AGREEMENTS WHEREAS, the Glendale Redevelopment Agency (the "Agency") was a redevelopment agency in the City of Glendale, California (the "City"), duly created pursuant to the California Community Redevelopment Law (Part 1 (commencing with Section 33000) of Division 24 of the California Health and Safety Code) (the "CRL"); and WHEREAS, the Agency was responsible for the administration of redevelopment activities within the City; and WHEREAS, Section of the CRL provides that certain public bodies may aid and cooperate in the planning, undertaking, construction or operation of redevelopment projects; and WHEREAS, pursuant to such authority, on or about January 21, 2011, the City and the Agency entered into that certain Cooperation Agreement for Payment of Costs Associated With Certain Redevelopment Agency Funded Projects (the "Cooperation Agreement") in order to facilitate the implementation of redevelopment projects and to provide funding necessary to effectuate the completion of redevelopment projects within that and future fiscal years; and WHEREAS, pursuant to Resolutions Nos. R-894 and R-895 respectively, approved on March 8, 2011, the Agency authorized and directed the transfer of certain real property (the "Agency Properties") and certain promissory notes and other evidence of indebtedness ("Agency Receivables") for use by the City for municipal purposes consistent with the Cooperation Agreement for ongoing efforts to redevelop, revitalize and/or eliminate blight in the Agency's redevelopment project areas and/or for the purpose of repayment of debt owed to the City by the Agency for previously approved loans/advances for operation of the Agency; and WHEREAS, pursuant to Resolution Nos and respectively, the City approved and agreed to accept the transfer of the Agency Properties and Agency Receivables, authorizing acceptance of Agency deeds designed to transfer ownership of the Agency Properties from the Agency to the City (the "Agency Deeds"); and WHEREAS, on or about March 17, 2011, the Agency Deeds were recorded in the official records of the County of Los Angeles; and WHEREAS, neither the Cooperation Agreement nor the purported transfer of the Agency Properties and Agency Receivables (or any of the related documents and actions) were challenged within the applicable statute of limitations; and WHEREAS, AB x1 26 ("AB 26") was signed by the Governor of California on June 28, 2011, making certain changes to the CRL; and j:\files\docfiles\successor agency\staff reports motions - resos\successor agency resolution re ppty transfers. doc 1 A I

5 WHEREAS, AB 26 states, in part, that "[t]he Legislature hereby finds that a transfer of assets by a redevelopment agency [after January 1, 2011] is deemed not to be in the furtherance of the [CRL] and is thereby unauthorized"; and WHEREAS, AB 26 further states, in part, that "[c]ommencing [February 1, 2012], arrangements between the city... that created the redevelopment agency and the redevelopment agency are invalid... "; and WHEREAS, AB 26 further states, in part, that "[a]ll... properties [and] buildings of the former redevelopment agency are transferred on [February 1, 2012], to the control of the successor agency"; and WHEREAS, on or about April 20, 2012, the California State Controller issued correspondence stating, in part, that "[i]f your city... received any assets from a redevelopment agency after January 1, 2011, your city... hereby is ordered to... reverse the transfer and return the applicable assets to the successor agency of the relevant redevelopment agency. This order... applies in all situations except if your city... has... contractually committed to a third party for an expenditure or encumbrance of a specific asset"; and WHEREAS, some of the Agency Properties and Agency Receivables that were purported to be transferred to the City by the Agency pursuant to the Resolutions No. R- 894 and R-895 have not been contractually committed by the City to a third party, a list of which is attached hereto as Exhibit A and incorporated herein by this reference (the "Agency Properties"), the Agency Receivables are listed in the September 25, 2012 Staff report presented at the joint meeting of the City and Successor Agency; and WHEREAS, AB 1484 ("AB 1484") was signed by the Governor of California on June 27, 2012, making certain additional changes to the CRL; and WHEREAS, AB 1484, at CRL Section {c)(2), categorizes certain assets as those "transferred after January 1, by the redevelopment agency... to the city... that formed the redevelopment agency... " ("CRL Section (c)(2) Assets"); and WHEREAS, AB 1484, at CRL Section (c)(1), categorizes certain other assets as those "transferred from the former redevelopment agency to the successor agency on or about February 1, 2012." ("CRL Section (c)(1) Assets"); and WHEREAS, because (i) AB 26 states that a transfer of assets by a redevelopment agency after January 1, 2011 was "unauthorized", (ii) AB 26 further states that commencing February 1, 2012, arrangements between a redevelopment agency and the city that created it are "invalid" and (iii) the State Controller has purported to order that ownership of certain assets be vested in successor agencies, the Agency Properties and Agency Receivables, are therefore not categorized as CRL Section (c)(2) Assets because, per AB 26 their transfer was unauthorized and invalid; and WHEREAS, because AB 26 states that all properties and buildings of the former redevelopment agency are transferred on February 1, 2012 to the control of the j:\files\docfiles\successor agency\staff reports- motions- resos\successor agency resolution re ppty transfers.doc

6 successor agency, the Agency Properties and Agency Receivables are therefore categorized as CRL Section (c)(1) Assets; and WHEREAS, and notwithstanding the foregoing, the Successor Agency contends that the transfer of the Agency Properties by the Agency to the City was in fact in furtherance of the CRL; and WHEREAS, further, the Successor Agency contends that the Legislature's purported deeming that the purported transfer of assets was not in accordance with the CRL when made, was in fact in furtherance of the CRL when made, and that said transfer of assets was not challenged within the applicable statute of limitations; and WHEREAS, further, the Successor Agency contends that commencing February 1, 2012, arrangements between the redevelopment agency and the city that created it are were not in fact invalid; and WHEREAS, the Successor Agency does not acknowledge the effectiveness of the California State Controller's order to reverse the transfer of the Agency Properties and return the applicable assets to the Successor Agency; and WHEREAS, because the Successor Agency has limited financial resources and desires not to initiate litigation at this time with regard to AB 26, AB 1484 and/or the purported order by the California State Controller that ownership of the Agency Properties and Agency Receivables be vested in the Successor Agency; and WHEREAS, in order to avoid the costs of litigation and other costs, the Successor Agency desires to take action in a manner consistent with AB 26, AB 1484 and the California State Controller's purported order, and in furtherance of its duties under CRL Section (h)(1) and CRL Section (f), by processing documentation reflecting its ownership of the Agency Properties and Agency Receivables, without acknowledging the effectiveness of AB 26, AB 1484 and/or such order and duties, expressly disclaiming the same; and WHEREAS, the Successor Agency's processing of documentation reflecting its ownership of the Agency Properties and Agency Receivables is not intended to waive, and shall not constitute a waiver, by the Successor Agency of any constitutional, legal or equitable rights that the Successor Agency may have to challenge, through administrative or judicial proceedings, the effectiveness and/or legality of all or any portion of AB 26 or AB 1484, any determinations rendered or actions or omissions to act by any public agency or government entity or division in the implementation of AB 26 and AB 1484, and any and all related legal and factual issues, and the Successor Agency expressly reserves any and all rights, privileges, and defenses available under law and equity; and WHEREAS, this Resolution has been reviewed with respect to applicability of the California Environmental Quality Act ("CEQA"). the State CEQA Guidelines (California Code of Regulations, Title 14, Sections et seq., hereafter the "Guidelines"), and the City's environmental guidelines; and WHEREAS, per Section of the State CEQA Guidelines, the transfer of real property is exempt from environmental review under CEQA because the transfer will j:\files\docflles\successor agency\staff reports- motions - resos\successor agency resolution re ppty transfers.doc

7 result in a continuation of an existing facility involving no expansion of use and is therefore exempt from environmental review, and any future development of the real property will require separate environmental review; and WHEREAS, all of the prerequisites with respect to the approval of this Resolution have been met. NOW, THEREFORE, BE IT HEREBY RESOLVED, by the Governing Board of the Glendale Successor Agency, as follows: Section 1. The foregoing recitals are true and correct and are a substantive part of this Resolution. Section 2. The Governing Board of the Successor Agency hereby authorizes and directs the processing of documentation confirming its ownership of the Agency Properties and Agency Receivables, including the execution of certificates of acceptance therefor as may be required by law, Section 3. The Executive Director, or designee, is hereby authorized and directed to take such actions and execute such documents as are necessary to effectuate the intent of this Resolution on behalf of the Successor Agency. Section 4. This Resolution shall take effect upon the date of its adoption. PASSED, APPROVED, AND ADOPTED by the Governing Board of the Glendale Successor Agency at a joint special meeting with the City Council of the City of Glendale held on the day of, 2012, by the following vote: AYES: NOES: ABSENT: ABSTAIN: Chairperson ATIEST: Secretary j:\files\docfiles\successor agency\staff reports- motions - resos\successor agency resolution re ppty transfers.doc

8 STATE OF CALIFORNIA COUNTY OF LOS ANGELES ) ) ) ss I, ARDASHES KASSAKHIAN, Secretary to the Glendale Successor Agency, certify that the foregoing Resolution No. was adopted by the Glendale Successor Agency, Glendale, California, at joint meeting with the Glendale City Council held on the day of, 2012, and that same was adopted by the following vote: Ayes: Noes: Absent: Abstain: Successor Agency Secretary j:\files\docfiles\successor agency\staff reports - motions - resos\successor agency resolution re ppty transfers.doc

9 Exhibit A List of Agency Properties [behind this page] j:\files\docfiles\successor agency\staff reports -motions - resos\successor agency resolution re ppty transfers.doc

10 EXHIBIT 1 List of Agency Properties N. Central Ave N. Brand Blvd E. Wilson Ave E. Broadway block of N. Maryland Ave N. Maryland Ave N. Brand Blvd. 8. Americana Open Space Parcel 9. Americana Parking Structure Parcels S. Brand Blvd S. Brand Blvd S. Brand Blvd.

11 RESOLUTION NO. RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GLENDALE AUTHORIZING AND DIRECTING THE PROCESSING OF DOCUMENTATION TRANSFERING ITS OWNERSHIP OF CERTAIN PROPERTIES, LOANS RECEIVABLE AND OTHER AGREEMENTS WHEREAS, the Glendale Redevelopment Agency (the "Agency") was a redevelopment agency in the City of Glendale, California (the "City"), duly created pursuant to the California Community Redevelopment Law (Part 1 (commencing with Section 33000) of Division 24 of the California Health and Safety Code) (the "CRL"); and WHEREAS, the Agency was responsible for the administration of redevelopment activities within the City; and WHEREAS, Section of the CRL provides that certain public bodies may aid and cooperate in the planning, undertaking, construction or operation of redevelopment projects; and WHEREAS, pursuant to such authority, on or about January 21, 2011, the City and the Agency entered into that certain Cooperation Agreement for Payment of Costs Associated With Certain Redevelopment Agency Funded Projects (the "Cooperation Agreement") in order to facilitate the implementation of redevelopment projects and to provide funding necessary to effectuate the completion of redevelopment projects within that and future fiscal years; and WHEREAS, pursuant to Resolutions Nos. R-894 and R-895 respectively, approved on March 8, 2011, the Agency authorized and directed the transfer of certain real property (the "Agency Properties") and certain promissory notes and other evidence of indebtedness ("Agency Receivables") for use by the City for municipal purposes consistent with the Cooperation Agreement for ongoing efforts to redevelop, revitalize and/or eliminate blight in the Agency's redevelopment project areas and/or for the purpose of repayment of debt owed to the City by the Agency for previously approved loans/advances for operation of the Agency; and WHEREAS, pursuant to Resolution Nos and respectively, the City approved and agreed to accept the transfer of the Agency Properties and Agency Receivables, authorizing acceptance of Agency deeds designed to transfer ownership of the Agency Properties from the Agency to the City (the "Agency Deeds"); and WHEREAS, on or about March 17, 2011, the Agency Deeds were recorded in the official records of the County of Los Angeles; and WHEREAS, neither the Cooperation Agreement nor the purported transfer of the Agency Properties and Agency Receivables (or any of the related documents and actions) were challenged within the applicable statute of limitations; and WHEREAS, AB x1 26 ("AB 26") was signed by the Governor of California on June 28, 2011, making certain changes to the CRL; and j:\files\docfiles\successor agency\staff reports- motions- resos\clty resolution re ppty transfers to sa.doc 1 B I

12 WHEREAS, AB 26 states, in part, that "[t]he Legislature hereby finds that a transfer of assets by a redevelopment agency [after January 1, 2011] is deemed not to be in the furtherance of the [CRL] and is thereby unauthorized"; and WHEREAS, AB 26 further states, in part, that "[c]ommencing [February 1, 2012], arrangements between the city... that created the redevelopment agency and the redevelopment agency are invalid... "; and WHEREAS, AB 26 further states, in part, that "(a]ll... properties [and] buildings of the former redevelopment agency are transferred on [February 1, 20 12]. to the control of the successor agency"; and WHEREAS, on or about April 20, 2012, the California State Controller issued correspondence stating, in part, that "(i]f your city... received any assets from a redevelopment agency after January 1, 2011, your city... hereby is ordered to... reverse the transfer and return the applicable assets to the successor agency of the relevant redevelopment agency. This order... applies in all situations except if your city... has... contractually committed to a third party for an expenditure or encumbrance of a specific asset"; and WHEREAS, some of the Agency Properties and Agency Receivables that were purported to be transferred to the City by the Agency pursuant to the Resolutions No. R- 894 and R-895 have not been contractually committed by the City to a third party, a list of which is attached hereto as Exhibit A and incorporated herein by this reference (the "Agency Properties"}, the Agency Receivables are listed in the September 25, 2012 staff report presented at the joint meeting of the Successor Agency and City; and WHEREAS, AB 1484 ("AB 1484") was signed by the Governor of California on June 27, 2012, making certain additional changes to the CRL; and WHEREAS, AB 1484, at CRL Section (c)(2), categorizes certain assets as those "transferred after January 1, by the redevelopment agency... to the city... that formed the redevelopment agency... " ("CRL Section (c)(2) Assets"); and WHEREAS, AB 1484, at CRL Section (c)(1), categorizes certain other assets as those "transferred from the former redevelopment agency to the successor agency on or about February 1, 2012." ("CRL Section (c)(1) Assets"); and WHEREAS, because (i) AB 26 states that a transfer of assets by a redevelopment agency after January 1, 2011 was "unauthorized", (ii) AB 26 further states that commencing February 1, 2012, arrangements between a redevelopment agency and the city that created it are "invalid" and (iii) the State Controller has purported to order that ownership of certain assets be vested in successor agencies, the Agency Properties and Agency Receivables, are therefore not categorized as CRL Section (c)(2) Assets because, per AB 26 their transfer was unauthorized and invalid; and WHEREAS, because AB 26 states that all properties and buildings of the former redevelopment agency are transferred on February 1, 2012 to the control of the j:\files\docfiles\successor agency\staff reports- motions - resos\city resolution re ppty transfers to sa.doc

13 successor agency, the Agency Properties and Agency Receivables are therefore categorized as CRL Section (c)(1) Assets; and WHEREAS, and notwithstanding the foregoing, the Successor Agency contends that the transfer of the Agency Properties by the Agency to the City was in fact in furtherance of the CRL; and WHEREAS, further, the City contends that the Legislature's purported deeming that the purported transfer of assets was not in accordance with the CRL when made, was in fact in furtherance of the CRL when made, and that said transfer of assets was not challenged within the applicable statute of limitations; and WHEREAS, further, the City contends that commencing February 1, 2012, arrangements between the redevelopment agency and the city that created it are were not in fact invalid; and WHEREAS, the City does not acknowledge the effectiveness of the California State Controller's order to reverse the transfer of the Agency Properties and return the applicable assets to the Successor Agency; and WHEREAS, because the City has limited financial resources and desires not to initiate litigation at this time with regard to AB 26, AB 1484 and/or the purported order by the California State Controller that ownership of the Agency Properties and Agency Receivables be vested in the Successor Agency; and WHEREAS, in order to avoid the costs of litigation and other costs, the City desires to take action in a manner consistent with AB 26, AB 1484 and the California State Controller's purported order, and in furtherance of its duties under CRL Section (h)(1) and CRL Section (f), by processing documentation reflecting its transfer of ownership of the Agency Properties and Agency Receivables to the Successor Agency, without acknowledging the effectiveness of AB 26, AB 1484 and/or such order and duties, expressly disclaiming the same; and WHEREAS, the City's processing of documentation reflecting its transfer to the Successor Agency of the ownership of the Agency Properties and Agency Receivables is not intended to waive, and shall not constitute a waiver, by the City of any constitutional, legal or equitable rights that the City may have to challenge, through administrative or judicial proceedings, the effectiveness and/or legality of all or any portion of AB 26 or AB 1484, any determinations rendered or actions or omissions to act by any public agency or government entity or division in the implementation of AB 26 and AB 1484, and any and all related legal and factual issues, and the City expressly reserves any and all rights, privileges, and defenses available under law and equity; and WHEREAS, this Resolution has been reviewed with respect to applicability of the California Environmental Quality Act ("CEQA"), the State CEQA Guidelines (California Code of Regulations, Title 14, Sections et seq., hereafter the "Guidelines"), and the City's environmental guidelines; and WHEREAS, per Section of the State CEQA Guidelines, the transfer of real property is exempt from environmental review under CEQA because the transfer will result in a continuation of an existing facility involving no expansion of use and is j:\files\docfiles\successor agency\staff reports- motions - resos\city resolution re ppty transfers to sa.doc

14 therefore exempt from environmental review, and any future development of the real property will require separate environmental review; and WHEREAS, all of the prerequisites with respect to the approval of this Resolution have been met. NOW, THEREFORE, BE IT HEREBY RESOLVED, by the City Council of the City of Glendale, as follows: Section 1. The foregoing recitals are true and correct and are a substantive part of this Resolution. Section 2. The City Council hereby authorizes and directs the processing of documentation confirming its transfer ownership of the Agency Properties and Agency Receivables to the Glendale Successor Agency, including the execution of certificates of acceptance therefor as may be required by law. Section 3. The City Manager, or designee, is hereby authorized and directed to take such actions and execute such documents as are necessary to effectuate the intent of this Resolution on behalf of the City Council. Section 4. This Resolution shall take effect upon the date of its adoption. PASSED, APPROVED, AND ADOPTED by the City Council of the City of Glendale at a joint special meeting with the Glendale Successor Agency held on the day of, 2012, by the following vote: Mayor ATTEST: City Clerk j:\files\docfiles\successor agency\staff reports - motions - resos\city resolution re ppty transfers to sa.doc

15 STATE OF CALIFORNIA COUNTY OF LOS ANGELES ) ) ) ss I, ARDASHES KASSAKHIAN, City Clerk of the City of Glendale, hereby certify that the foregoing Resolution No. was adopted by the City Council of the City of Glendale, California, at joint meeting with the Glendale Successor Agency held on the day of, 2012, and that same was adopted by the following vote: Ayes: Noes: Absent: Abstain: City Clerk j:\files\docfiles\successor agency\staff reports- motions - resos\city resolution re ppty transfers to sa.doc

16 Exhibit A List of Agency Properties [behind this page] j.\files\docfiles\successor agency\staff reports- motions- resos\city resolution re ppty transfers to sa.doc

17 EXHIBIT 1 List of Agency Properties N. Central Ave N. Brand Blvd E. Wilson Ave E. Broadway block of N. Maryland Ave N. Maryland Ave N. Brand Blvd. 8. Americana Open Space Parcel 9. Americana Parking Structure Parcels S. Brand Blvd S. Brand Blvd S. Brand Blvd.