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					                                                                   –AGENDA–
                                                          GLENDALE REDEVELOPMENT AGENCY
                                                                             COUNCIL CHAMBER
                                                                                            nd
                                                                          613 E. Broadway, 2 Floor
                                                                              Glendale, CA 91206

Welcome to the meeting of the Glendale Redevelopment Agency. Meetings are broadcast live on cable channel 6 (GTV6) and rebroadcast throughout the week. Call (818) 548-
4013 for program schedules. DVDs of the proceedings are available for purchase in the City Clerk’s Office. Meetings are also archived on the City Website for viewing anytime at
www.ci.glendale.ca.us/video_archives.asp. If you have any question about matters on the agenda, or requests for assistance, please contact the Office of the City Clerk at (818)
548-2090 during regular business hours.

PLEASE TURN OFF CELLULAR PHONES AND PAGERS WHILE INSIDE THE COUNCIL CHAMBER.

In compliance with the Americans with Disabilities Act (ADA) of 1990, auxiliary hearing aids, sign language translation, and Braille transcripts are available upon request.
Assisted listening devices are available same-day upon request. At least 48 hours (or two business days) notice is required for requests regarding sign language translation and
Braille transcription services.

All documents related to open session items on this agenda that are received less than 72 hours prior to this meeting, and are public records, will be available for review in the
Office of the City Clerk, 613 E. Broadway, RM 110, Glendale, CA 91206.

                                                                      SEPTEMBER 27, 2011

       1. ROLL CALL

       2. CLOSED SESSION

       3. REGULAR BUSINESS AGENDA – 2:30 p.m.
          a. Roll Call
          b. Report of Secretary, re: Posting of Agenda. The Agenda for the September 27, 2011 regular
             meeting of the Glendale Redevelopment Agency was posted on Thursday, September 22, 2011
             on the bulletin board outside City Hall.

       4. APPROVAL OF MINUTES
          a. Minutes of the Regular Redevelopment Agency and the Joint City Council and
             Redevelopment Agency Meetings of Tuesday, September 13, 2011

       5. ORAL COMMUNICATIONS
          Discussion is limited to items NOT a part of this Agenda. Each Speaker is allowed 5 minutes.
          Members of the Redevelopment Agency may question or respond to the speaker, but there will be
          no debate or decision. The matter may be referred to staff through the Executive Director for
          investigation and report.

       6. BUSINESS AGENDA
          a. Director of Community Development, re: Review of Project Objectives and Update of
             Financial Impacts of the Americana at Brand
             • Report Only
          b. Director of Community Development, re: Draft Preliminary Recognized Obligation
             Payment Schedule (ROPS)
             1. Resolution Approving and Adopting the ROPS Pursuant to AB 1X 26

       7. AGENCY MEMBER/STAFF COMMENTS

       8. NEW BUSINESS

       9. ADJOURNMENT




                                                                                                                                               TYPED 9/22/2011 7:15 AM
                                                                                                                                                              09 27 11
                                                                                                                                                                  GRA
                                      MINUTES
                            GLENDALE REDEVELOPMENT AGENCY
                                  SEPTEMBER 13, 2011

1. ROLL CALL

2. CLOSED SESSION

3. REGULAR BUSINESS AGENDA – 2:43 p.m.
   a. Roll Call – All Present
   b. Report of Secretary, re: Posting of Agenda. The Agenda for the September 13, 2011 regular
      meeting of the Glendale Redevelopment Agency was posted on Thursday, September 8, 2011
      on the bulletin board outside City Hall.

4. APPROVAL OF MINUTES

5. ORAL COMMUNICATIONS
   Discussion is limited to items NOT a part of this Agenda. Each Speaker is allowed 5 minutes.
   Members of the Redevelopment Agency may question or respond to the speaker, but there will be
   no debate or decision. The matter may be referred to staff through the Executive Director for
   investigation and report.

6. BUSINESS AGENDA

7. AGENCY MEMBER/STAFF COMMENTS

8. NEW BUSINESS

9. ADJOURNMENT – 2:44 p.m.
Moved:   Weaver                                        Seconded:        Najarian




                                                           Chair of the
                                                 Glendale Redevelopment Agency




         Secretary of the
 Glendale Redevelopment Agency


                                                                                            09 13 11
                                                                                                GRA

                                                                                             4A
                                  MINUTES
  JOINT MEETING – GLENDALE CITY COUNCIL AND GLENDALE REDEVELOPMENT AGENCY
                               SEPTEMBER 13, 2011

The Joint Public Meeting of the Glendale City Council and the Glendale Redevelopment Agency
convened in the Council Chamber, City Hall, in said City, at 2:44 p.m. on the above date, pursuant to a
call for such meeting signed by the City Clerk/Secretary of the Redevelopment Agency, and on file with
the City Clerk, a copy of which is as follows:
                                                                                     September 8, 2011
                                                                                              Date

       A JOINT PUBLIC MEETING of the Glendale City Council and the Glendale Redevelopment
Agency is hereby called to meet at 2:30 p.m. on Tuesday, September 13, 2011, in the City Council
Chamber, City Hall, 613 E. Broadway, 2nd Floor, Glendale, CA 91206, to consider the following item of
business, to wit;
1. PUBLIC HEARING: Director of Community Development, re: Proposed Ordinance and
   Resolution to Amend Title 30 of the GMC and the Downtown Specific Plan Relating
   Generally to the Transfer of Design Review Authority from the Redevelopment Agency to
   the City Council; Amendments to the Agency Design Guidelines; and Miscellaneous
   Revisions to Design Review Processes in both Redevelopment Areas and in the Downtown
   Specific Plan Area Outside of a Redevelopment Area (PZON 2011-008)
   a. Ordinance for Introduction – Title 30
   b. Resolution Amending the Glendale Redevelopment Agency Design Guidelines
2. Director of Community Development, re: Development Impact Fee Early Payment Option
   c. Motion Directing Staff to Return with Options to Alter the Terms of the Program




                              Ardashes Kassakhian, City Clerk/Secretary
                                                 -------
Written Notice of said meeting was given, which Notice consisted of a copy of the foregoing Call, and
was served on each Member of the Council not joining in the Call, and upon the in said City not less
than 24 hours before the time fixed in said Call for said meeting, as follows:
Upon Laura Friedman               at 5:00 p.m.             September 8, 2011        Glendale, CA
Upon Rafi Manoukian               At 5:00 p.m.             September 8, 2011        Glendale, CA
Upon Ara Najarian                 at 5:00 p.m.             September 8, 2011        Glendale, CA
Upon Frank Quintero               at 5:00 p.m.             September 8, 2011        Glendale, CA
Upon Dave Weaver                  at 5:00 p.m.             September 8, 2011        Glendale, CA

Mayor Friedman called the meeting to order at 2:44 p.m.

ROLL CALL -       For the Glendale City Council – All Present

              -   For the Glendale Redevelopment Agency – All Present

              -   Report of the City Clerk of the Glendale City Council and the Secretary of the
                  Glendale Redevelopment Agency, re: Posting of Agenda. The Agenda for the
                  September 13, 2011 joint public meeting of the City Council and Redevelopment
                  Agency was posted on Thursday, September 8, 2011 on the bulletin board outside
                  City Hall



                                                                                                    09 13 11
                                                                                              Joint CC GRA
                                                   1
                                                                                                 4A
1. PUBLIC HEARING: Director of Community Development, re: Proposed Ordinance and
   Resolution to Amend Title 30 of the GMC and the Downtown Specific Plan Relating Generally
   to the Transfer of Design Review Authority from the Redevelopment Agency to the City
   Council; Amendments to the Agency Design Guidelines; and Miscellaneous Revisions to
   Design Review Processes in both Redevelopment Areas and in the Downtown Specific Plan
   Area Outside of a Redevelopment Area (PZON 2011-008)
   a. Ordinance for Introduction – Title 30

   Ordinance was introduced by Councilmember Weaver

   b. Resolution #11-188 Amending the Glendale Redevelopment Agency Design Guidelines

      Moved:       Weaver                                 Seconded:        Najarian
      Vote as Follows:
       Ayes:      Najarian, Quintero, Weaver, Friedman
       Noes:      Manoukian
     Absent:      None
     Abstain:     None

2. Director of Community Development, re: Development Impact Fee Early Payment Option

   Public Comment:
   Rodney Khan
   Jason Tolleson

   a. Motion Directing Staff to Return with Options to Alter the Terms of the Program

   Motion was not adopted, but direction was given to bring item back with more information, including
   the fiscal impact.

ADJOURNMENT:         3:46 p.m.

                     -   For the Glendale City Council
                         Moved:      Weaver               Seconded:        Quintero

                     -   For the Glendale Redevelopment Agency
                         Moved:       Weaver           Seconded:           Quintero




                                                                   Mayor of the
                                                                  City of Glendale

             City Clerk
      of the City of Glendale

                                                                Chair of the
                                                      Glendale Redevelopment Agency



         Secretary of the
 Glendale Redevelopment Agency
                                                                                                   09 13 11
                                                                                             Joint CC GRA
                                                  2
FORM CM-37




                          CITY OF GLENDALE CALIFORNIA
                      REPORT TO THE REDEVELOPMENT AGENCY


September 9, 2010


AGENDA ITEM

Americana at Brand- Review of Project Objectives and Update of Financial Impacts

AGENCY ACTION


Public Hearing []             Ordinance [1          Consent Calendar [            Action Item    [J     Report Only [ X        J
Approved for __S",e"p"t",e"m.!.!b"e,,-r-,2",7~,.=2,,0-'-11'---_ calendar


ADMINISTRATIVE ACTION

Submitted
      Hassan Haghani , Community Development Director .. .......... ....... .                   r ---:;---=::::=<"--L.<'----
Prepared
      Mark Berry , Senior Redevelopment Project Manager

Approved
      James E. Starbird, Executive Director. ...... ..... ..... ............. .


Review~~hael J. Garcia , City Attorney ... ...... ......... ........... ......... .~...."'~~ij~~~~~~rft~
                                                                                        .

          Philip S. Lanzafame , Chief Assistant Director
          Community Development ... .......... ................... ... ....... ...... ....... .... .. -I---II''-tI4C'fI-f-l-'t-7'''\f\--

RECOMMENDATION

This report is for information only.

                                                                                                               6         A /
                                                                           Americana at Brand- Status Report
                                                                                        September 27,2011
                                                                                                     Page 2

SUMMARY & BACKGROUND

QUANTIFYING THE IMPACT OF THE AMERICANA AT BRAND

Redevelopment projects have goals and objectives beyond a simple financial return . Quantifying the
success of the Americana at Brand rAmericana ~ ) requires consideration of other factors beyond direct
revenue generation and should include the following three categories:
    1)   Public Policy Objectives- The Agency's success in achieving the public policy goals and
         objectives set for the project.

    2)   Direct Financial Impact- The amount of sales and property tax; value of developer incurred
         open space maintenance costs; and potential revenue participation.

    3)   Indirect (~Spin-ofn Impacts- Project inspired spin-off development and other private
         investment activity; non-financial benefits such as increased media exposure, reinforcing
         Glendale as regional destination, and improved marketing for the City.

PUBLlC POLlCY OBJECTIVES OF THE AMERICANA AT BRAND PROJECT

Unlike the private sector, where a primary objective is to maximize return on investment,
redevelopment projects often have multiple public policy goals and objectives. Many of these goals
may inherently conflict with the private sector objective of generating a sufficient financial return to
warrant risking private dollars. This "trade off" or balancing of the public policy objectives over revenue
recovery is a fundamental characteristic of man y redevelopment projects.

With its completion , the Americana has achieved the public goals set out during the entitlement
process including :

   •     The elimination of blighted properties;
   •     Generation of new public revenue ;
   •     Diversifying the community's retail base and housing stock;
   •     Creation of new public open space; and
   •     Creation of new jobs.

The project continues to attract out-of-town shoppers and has raised the regional profile of the City.
Exhibit 1 contains a list of project's objectives as defined by the Agency and how those objectives have
been met by the Americana .

DIRECT FINANCIAL BENEFIT

Based on the latest data, the Americana genera tes an estimated $5.51 M in annual direct financial
benefit based on the following :

        Sales Tax: The Internal Auditor Report estimated the project would generate $1 .37M of sales
tax in year three . For ca lendar year 2010 the Americana generated $1.165M, which is about 19.0%
less than projected without an adjustment for economic factors.
                                                                          Americana at Brand- Status Report
                                                                                       September 27, 2011
                                                                                                     Page 3

        Properly Tax: Property tax data for each current fiscal year is reported by the County of Los
Angeles in August . Based on the May 2008 opening , FY 11/12 represents the fourth year of operation
for the project. The Internal Auditor Report estimated the project's assessed value at $223.0M in year
four. This translated into a projected $1. 727M of net tax increment. The Americana's assessed value
for FY 11/12 is actually $479.9M which will generate $3.67M in annual tax increment, or 113% above
the original projection for the fourth year of operation.

              Maintenance: Caruso Affiliated is required to maintain the public open space on behalf
of the City. The maintenance cost was estimated to be $360,000/year. The developer provides an
annual report which provides an accounting of ongoing project expenses. The report does not provide
a line item for the open space maintenance. However, it does track expenses for landscaping for the
retail component and maintenance of the lake/fountain .

For calendar year 2010, $240,116 was expended to maintain the fountain and $337 ,103 for landscape
maintenance for a total of $577,219. Staff believes that this represents a reliable approximation of the
ongoing public open space maintenance costs as other related costs such as cleaning , utilities, and
security (which may partially be attributable to the open space) are reported for the entire retail
component.

        ParkinQ Structure Ground Lease Revenue Per the terms of the Parking Structure Ground
Lease , the Agency is entitled to a percentage rent if Caruso charges for parking equal to 50% of
parking revenue net of the cost associated with its collection . These costs include such items as the
cost of the ticket dispensing machines; maintenance, repair , and replacement of the machines; cost of
validation equipment; personnel wages ; and a deduction for any pertinent taxes.

In 2010 the parking garage generated $191,264 of net revenue after expenses; the Agency received
$95,632 from Caruso in accordance with the Lease Agreement.

       Revenue Participation: The Agency has an opportunity to participate in future revenues
earned from the project if Caruso Affiliated exceeds their cumulative required rate of return on their
investment. If the developer's return exceeds the thresholds, the Agency will receive 50% of the
excess. The Internal Auditor Report estimated the project would not generate revenue participation.
The project has not reached the return thresholds and thus participation has not been triggered

INDIRECT BENEFIT


The picture for indirect impacts is unclear. Spin-off development may not be evident for years given
the time required for new development. In addition , it is challenging to control for broader economic
trends influencing real estate development or the project's performance. Given the inability to control
for broader economic influences and other factors , this report does not attempt to quantify the indirect
benefits of the Americana at Brand.

FISCAL IMPACT

There is no fiscal impact associated with this report .

EXHIBITS

Exhibit 1: List of Americana Project Objectives
Exhibit 1
AMERICANA AT BRAND OBJECTIVES

The following presents the project's objectives as defined by the Agency and how those
objectives have been met by the Americana:

                OBJECTIVE                    HOW POLICY OBJECTIVE WAS ACHIEVED
                                           .:. The project demolished aged, blighted
    • Support the objectives of the            commercial building stock and replaced them
      redevelopment plan to eliminate          with a contemporary mixed-use developmertt
      blight and revitalize the Central        thereby eliminating and preventing the re-
      Glendale Redevelopment Project           introduction of blighting influences in the project
      Area.                                    area.
.
    • Enhance and diversify the cultural   .:. The public open space area provides a series of
      fabric of the downtown area by           special and recurring events for the community
      providing space for community            including free concerts, "Yoga on the Green",
     events.                                   kids club, and the upcoming holiday tree lighting
    • Create a diversity of uses to            ceremony. By providing a large, public area for
      activate and strengthen the urban        these types of community events, the project
      vitality of downtown.                    has enhanced and diversified the cultural fabric
    • Create a pedestrian-oriented open        of downtown.
      air commercial and residential       .:. The project emphasizes open space in its
      center with an emphasis on an            design and function. The project is centered on
      open space network of                    nearly 3-acres of open lawn area , sidewalks,
      landscaped streets, sidewalks,           promenades, and seating areas that are publicly
      paseos, promenades, and public           accessible and encourages pedestrian
      space that forms a central               movement between the project, Brand
      gathering place for the Glendale         Boulevard , and the Galleria.
      community.
                                           .:. By providing new retail and housing
                                               opportunities on forma lly blighted property, the
    • Provide an expanded economic
      base for the City that maximizes         project has increased the City's opportunity to
      property and sales tax revenue
                                               generate additional property and sales tax. This
                                               objective was balanced by attention to design
      while balancing urban design
      principals.                              considerations limiting the density and height of
                                               the project and providing 3 acres of publicly
    • Develop a regional open-air              accessible open space .
      marketplace to attract retail and
      specialty uses that are not          .:. The project currently has over 75 retail,
      currently represented in the City.       restaurant , and entertainment tenants. Only
                                               three businesses (Jamba Juice, Barnes and
    • Develop a regional open-air
                                               Noble, and Rite Aid) relocated from other
      commercial center to attract
                                               Glenuale locations. Thus, the tenant mix is
      consumers/visitors from outside
                                               comprised of retailers that were new to the City.
      Glendale.
                                         .:. The tenant mix represents a variety of nationally
                                             known and unique retailers including many first-
                                             to-the-region locations. The appeal of the retail ,
                                             restaurant , and entertainment uses has attracted
                                             visitors and consumers from outside Glendale
                                             and assisted in achieving the goal of a regional
                                             open-air commercial center.

• Create a high-quality,
  comprehensive and functionally
  integrated open-air commercial,
 retail , entertainment, and housing     .:. The Americana at Brand went through an
 development that is distinctive,            extensive three-year community design review
 creates a "sense of place, " and            process. The result is a unique, integrated open-
 contributes to the creation of a            air, mixed-use center that utilizes distinctive
 downtown residential base.                  architectural design , high quality materials,
• Provide housing opportunities, per         atheistically pleasing signage and lighting, and
  Agency's policy, in an urban               extensive landscaping to create a u  sense of
  setting in close proximity to              place" and contributes to a strong identity and
  employment opportunities, public           image of the downtown area.
  transportation , public facilities ,   .:. The Americana at Brand combines 338
  and goods and services while               residential units with retail , entertainment, and
  maintaining balance with retail ,          open space elements . With its downtown
 entertainment, and open space               location , the project achieves the goal of
 uses.                                       providing housing in an urban setting in close
• Utilize architectural design,              proximity to employment, public transportation ,
  lighting , signage , and landscape         and other goods and services. The southern
  materials to give the project a            downtown location , next to the Galleria and
  distinctive and pleasing                   bordered by major traffic arterials , offered the
  appearance.                                best location in the City for high density
• Focus development of retail and            development like the Americana at Brand
  high-density residential uses on a         thereby minimizing potential land use conflicts.
 site adjacent to compatible uses,
 thereby minimizing potential
 conflicts.
                                         .:. The project generated 2,500 construction and
                                             1,500 permanent jobs. Caruso Affiliated hired
• Provide employment opportunities
                                             numerous operational positions (i.e. concierge)
  for City residents.
                                             through a Verdugo Jobs Center sponsored jobs
                                             fair that attracted over 1,340 applicants.
FORM CM-37




                            CITY OF GLENDALE CALIFORNIA
                          REPORT TO REDEVELOPMENT AGENCY


September 27, 201 1

AGENDA ITEM

Report: Draft Preliminary Recog nized Obligation Payment Schedule (ROPS)

        1) Agency resolution to adopt Draft Preliminary Recognized Ob ligation
           Payment Schedule (ROPS)
AGENCY ACTION

Public Hearing [      1    Resolution [      1   Consent Calenda r (             Action Item [ X   1   Report Only [   1
Approved for -------------------------_calendar


ADMINISTRATIVE ACTION
                                                                                                              Signature
Submitted
    Hassan Haghani , Director of Community Development                          '-iJ-n~/~
                                                                          HHHHHHHj-   -r---v-
Prepared
    Elena Bolbolian, Senior Administrative Analyst .......... .............. ...... _ _ _                        .
                                                                                                   -'~"""='--":..L_ _ __
Approved
    James E. Starbird, Executive Director ........................................ .
Reviewed
    Michael J. Garcia, City Attorney ............................................... .


    Philip Lanzafame, Chief Assistant Director of Community DeveloP'me,nt_/--JLL)~i;}~~~~

RECOMMENDATION

It is recommended that the Agency adopt the Draft Pre liminary Recognized Obligation Payment
Schedule.


                                                                                                     6 B /
                                                                  Recognized Obligation Payment Schedule
                                                                                             Page 2 of 3



SUMMARY AND BACKGROUND


On June 29, 2011 , two bills related to redevelopment (AS X1 26 and AS X1 27) became law.
The purpose of AS X1 26 is to dissolve redevelopment agencies. AS X 1 27 provides for a
"voluntaryft alternative redevelopment program, where agencies are exempt from dissolution if
the City Council enacts an ordinance before November 1, 2011 to comply with the new
legislation and makes certain required payments. On July 19, 2011 , the City Council adopted
urgency Ordinance No. 5743 to participate in the Voluntary Alternative Redevelopment Program
as part of the prescribed process of AS x 1 27. However, on August 11 , 2011, the California
Supreme Court (Court) issued a stay of AS X1 26 except for certain provisions and stayed all of
AS X1 27. Glendale had enacted its VARP ordinance prior to the California Supreme Court
Stay, therefore , because it is unclear whether the stay of AS X 1 27 applies to this action, the
California Redevelopment Association (CRA) and the League of California Cities (LOCC)
requested that the Court clarifl whether the stay applies to Cities that had adopted their VARP
                                                     th
ordinances prior to August 11 . On September 14 , the Court denied the request to clarify the
issue. The Court has however, indicated its intention to decide the case before January 15,
2012 when the first VARP payments come due.

In an abundance of caution, the Agency is taking all necessary actions to comply with both AS
X1 26 and AS x 1 27 since it cannot be known whether one, both, part or none of these laws
may be invalidated. The first action the Agency took to comply with AS 1 X 26 was the formal
adoption of the Enforceable Obligation Payment Schedule (EOPS) which listed the Agency's
obligations and required payments from July to December 2011 . The Agency adopted the
EOPS on August 23, 2011 , and notified the State Department of Finance, State Controller and
Los Angeles County Auditor/Controller of adoption as specified in the statute.

Health and Safety Code Section 34169(h) (of AB Xl 26), calls for an Agency to prepare a
preliminary draft Recognized Obligation Payment Schedule (ROPS) on or before September 30,
2011 . Although the Statute does not specifically mandate formal adoption of the RaPS by the
Agency, the CRA advises that agencies formally adopt the ROPS (simi lar to the adoption of the
EOPS) due to the uncertainties in the current redevelopment law litigation.

The EOPS and RaPS are similar in that they identify the financial obligations of the Agency and
the required payments to be made to payees. The difference between the two schedules is that
the EOPS covered obligated payments to be made from July to December 2011, where as the
RaPS covers the period of January to June 2012. Additionally, the ROPS requires that each
obligation listed on the ROPS identify one or more of the following sources of payment:

       (A) Low and Moderate Income Housing Fund
       (B) Bond Proceeds
       (C) Reserve Balances
       (0) Administrative Cost Allowance
       (E) The Redevelopment Property Tax Trust Fund
       (F) Other Revenue Sources
                                                                  Recognized Obligation Payment Schedule
                                                                                             Page 3 of 3

Additionally, an Agency must prepare and file with the County Auditor its Statement of
Indebtedness (SOl) on or before October 1, 2011 , pursuant to Section 3367S(b) of the California
Community Redevelopment Law. The filing of this document does not require Agency action.
Redevelopment and Finance Staff are currently preparing the SOl and will assure timely filing
with the County.


FISCAL IMPACT

No new fiscal impacts are anticipated from the adoption of the ROPS . The existing obligations
as listed in the ROPS will need to be met; the Agency has previously approved these
commitments. However, it is important to note that Health & Safety Code Section 34177(a)(3)
(AB X 1 26) (which is currently subject to the Court stay), states that , commencing January 1,
2012, the ROPS shall supersede the 501. Therefore , if AB X 1 26 is upheld by the Court, then it
is foreseeable that agency obligations, determined "enforceable obligations~ by successor
agencies under AB X 1 26, will be based in part on the obligations listed in a redevelopment
agency's SOl filed on or before October 1, 2011 . Therefore , the SOl that is filed October 1,
2011 , may include line items that may not have typically been included as debt in statements
prepared in prior years. One example of a new line item is the required payments to the State
as part of the continuation ordinance (AB X 1 27), which are due in January and May 2012.

Glendale's payment as calculated by the State Department of Finance for FY 2011-12 is
$11,823,360 in order to continue to operate the Agency. The Agency appealed this payment
amount with the OOF and LA County and believes a more accurate payment amount is
$10,783,508 due to additional bonds that were issued (post 2008-09) and for inaccuracies
discovered in the Annual State Controllers' Report. Per the Statue, the OOF must render a
decision on the appeal by September 15, 2011 (or October 1Sth if extended). To date, no
response has been received from the OOF on Glendale's appeal.

If AS 1 X 26 is upheld and AS 1 X 27 is invalidated, the payment will not be required. However,
any funding for identified obligations will be distributed, but there will be no funding for new
redevelopment activities.

EXHIBITS

Exhibit 1: Draft Preliminary Recognized Obligation Payment Schedule (ROPS)
                                          RESOLUTION NO. _ _

          A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
          GLENDALE APPROVING AND ADOPTING A RECOGNIZED ENFORCEABLE
          OBLIGATION PAYMENT SCHEDULE PURSUANT TO AB 1X 26


          WHEREAS , pursuant to the Community Redevelopment Law (Health and Safety Code
Sections 33000 et seq.), the City Council of the City of Glendale ("City") created the
Redevelopment Agency of the City of Glendale ("Agency"); and

        WHEREAS , the Agency has been responsible for implementing the Redevelopment
Plan(s) for the Central Glendale and the San Fernando Road Corridor Redevelopment
Project(s) coveri ng certain properties within the City ("Project Areas"); and

          WHEREAS, as part of the 2011-2012 State budget bill, the California State Legislature
recently enacted, and the Governor signed, companion bills AS 1X 26 and AS 1X 27, which
eliminate every redevelopment agency unless the community that created it adopts an
ordinance ( ~ Continuation Ordinance") agreeing to participate in an Alternative Voluntary
Redevelopment Program which requires the payment of an annual ~ community remittance"
payment; and

        WHEREAS , on July 18, 2011, the League of California Cities (LOCC) and the California
Redevelopment Association (CRA) filed suit in the Supreme Court of the State of California
challenging the constitutionality of and requesting a stay of enforcement of AS 1X 26 and AS 1X
27; and

         WHEREAS, on August 11 , 2011 , the Supreme Court agreed to take the case and
issued and order for the immediate stay of the enforcement of AS 1X 26 in part and AS 1X 27 in
its entirety; and

       WHEREAS, on August 17, 2011, the Court modified its stay to clarify that Health and
Safety Code Sections 34161 through 34 169.5 are not subject to the stay. The LOCC and CRA
sought further clarification of the stay which the Court denied; and

          WHEREAS, Health and Safety Code Section 34169, enacted by AB 1X 26, requires
redevelopment agencies to adopt, by August 27, 201 1, an Enforceable Obligation Payment
Schedule ("EOPS"); and

          WHEREAS, on August 23,2011, the Agency adopted the EOPS and notified the State
Department of Finance, State controller and Los Angeles County Auditor/Controller of its action ;
and

      WHEREAS , Health and Safety Code Section 34169, enacted by AS 1X 26 requires the
Agency to prepare a preliminary draft Recognized Obligation Payment Schedule (ROPS) on or
before September 30, 2011 .

     NOW, THEREFORE, THE GLENDALE REDEVELOPMENT AGENCY DOES HEREBY
RESOLVE AS FOLLOWS:


                                                   Page 1 of 4

C:lOocumenls and SeuingslMDunnlLocal SeUingslTemporary Internet FileslOLKF\A.gency Reso Adopling ROPS.DOC
                                                                                                            6 B 1
       Section 1.     Recitals.    The Recitals set forth above are true and co rrect and
incorporated herein by reference .

        Section 2.    Approval of ROPS. The Agency hereby approves and adopts the
Recognized Obligation Payment Schedule, in substantially the form attached hereto as Exhibit
A, as required by Health and Safety Code Section 34169.

        Section 3.                                                !!f!~. The Executive Director
is hereby authorized                          a copy                 on the City's website and,
pursuant to Section 34169(i) is hereby designated as the uofficial" to whom the Department of
Finance may submit any request for review of the ROPS . The Executive Director is further
authorized and directed to transmit, by mail or electronic means, to the Department of Finance,
the Executive Director's contact information.

        Section 4.    Effective Date. Pursuant to Health and Safety Code Section 34169(i),
the Agency's action to adopt the ROPS as set forth herein shall not be effective for three (3)
business days following adoption of this Resolution, pending a request for review of the ROPS
by the Department of Finance.

        PASSED AND ADOPTED at a regular meeting of the Redevelopment Agency of the
City of Glendale on the _ _ day of              , 2011 , by the following vote:




                                                                     Agency Chair



ATIEST:



Ardashes Kassakhian, Agency Secretary




                                                 Page 2 of 4
J :\FILES\DOCFlLESIAGM\GRA\Redevelopment Elimination·Reform 2011IAgency Reso Adopting ROPS.DOC
STATE OF CALIFORNIA                        )
                                           )        SS
COUNTY OF LOS ANGELES                      )


        I, ARDAS HES KASSAKHIAN, secretary to the Glendale Redevelopment Agency, certify

that the foregoing Resolution No. _ ___ was adopted by the Glendale Redevelopment

Agency of the City of Glendale, California , at a regular meeting held on the _ _ _ _ _ day of

_ _ _ _ _ _ _, 2011, and that same was adopted by the fol lowing vote:

        Ayes:

        Noes:

        Absent:

        Abstain :




                                                            Agency Secretary




                                                 Page 3 of 4

J:IFILESIOOCFILESIAGMIGRA\Redevelopmenl Elimination-Refonn 201 lIAgency Reso Adopting ROPS.DOC
               EXHIBIT A


RECOGNIZED OBLIGATION PAYMENT SCHEDULE
N..... C!   _~   oeo_ "--   GL~~ ~EIlEVELOPME.NT    AGENCYIGLENDALE HOUSING AUTHORrTY
p~ .lr@a l.,                CENTAAL GLENOAU " SAN FERtLO.NOO   ~Of<O


                                            RECOGNIZED OBLIGATION PAYMENT SCHEDULE -L ow/Mod Fund
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