City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
2
120021
Name:
Transfer of Assets, Obligations, and Functions to the
City as Successor Agency for the Redevelopment
Agency Upon its Dissolution as Required by State
Law
Status:
Type:
Resolution
Passed
File created:
In control:
1/10/2012
Board of Supervisors
On agenda:
Final action:
1/26/2012
Enactment date:
1/26/2012
011-12
Enactment #:
Title:
Resolution: 1) approving the retention by the City and County of San Francisco (the City) as
successor agency to the Redevelopment Agency of the City and County of San Francisco (the
Agency) of the Agency's affordable housing assets and functions upon the Agency's dissolution,
including all funds in the Agency's Low and Moderate Income Housing Fund, and authorizing the
Mayor's Office of Housing to manage these affordable housing assets and to exercise the housing
functions that the Agency previously performed; 2) acknowledging that upon the Agency's dissolution
the City as successor agency shall accept the transfer of all of the Agency's non-affordable housing
assets, which shall be placed under the jurisdiction of the Director of the Department of Administrative
Services unless otherwise provided for in the Charter, and that the Director shall have the authority to
manage such assets and to exercise the functions that the Agency previously performed for such
assets; 3) providing for the required payment and performance of enforceable obligations, the transfer
and establishment of funds and accounts, and for the administration of funds and other assets, all
associated with the City's exercise of its responsibilities as successor agency to the Agency under
state law; 4) authorizing the new Oversight Board, which state law requires the City as successor
agency to create, to oversee certain fiscal management of former Agency assets other than affordable
housing assets, to exercise land use, development, and design approval authority under the
enforceable obligations for the Mission Bay Redevelopment Project Area, Hunters Point Shipyard
Project Area, and Zone 1 of the Bayview Hunters Point Redevelopment Project Area, and part of the
Transbay Redevelopment Project Area, in place of the former Agency Commission, authorizing the
Oversight Board to approve certain changes to such obligations, related documents and certain new
agreements to implement those enforceable agreements, including review and approval for issuing
bonds under such agreements, and authorizing the Director of the Department of Administrative
Services to provide coordinated staff support to the Oversight Board, in the place of staff of the former
Agency, in the exercise of these functions; 5) rescinding the designation of the Treasure Island
Development Authority as a Redevelopment Agency; and 6) making findings under the California
Environmental Quality Act.
Sponsors:
Mayor, Malia Cohen, Jane Kim, Christina Olague, Carmen Chu
Attachments:
1. Legislation_Ver1, 2. Comm_Packet_011812, 3. Board_Packet_012412, 4. Legislation_Ver2, 5.
Legislation_Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
1/10/2012
1
RECOMMENDED
Budget and Finance Committee
1/18/2012
1
Pass
ADOPTED AS AMENDED
Board of Supervisors
1/24/2012
2
Pass
AMENDED, AN AMENDMENT OF THE
WHOLE BEARING SAME TITLE
Board of Supervisors
1/24/2012
1
Pass
APPROVED
Mayor
1/26/2012
2