HomeMy WebLinkAboutResolution - RDA 82-3 i
1! RESOLUTION NO. RDA-82-3
2, A RESOLUTION OF THE SAN JACINTO REDEVELOPMENT AGENCY
APPROVING AND AUTHORI7ING THE EXECUTION OF AN AGREE-
31 MENT BY AND BETWEEN THE CITY OF SAN JACINTO RELATIVE
TO THE ADVANCEMENT OF FUNDS FOR THE FORMULATION OF A
4 REDEVELOPMENT PROGRAM, PROJECTS AREA(S) AND PLAN(S)
5 WHEREAS, the City of San Jacinto created the San Jacinto Redevelopment
6 Agency on May 4th, 1982, by Ordinance No. 725 and have by Resolution No. 1457
7 designated the San Jacinto Redevelopment Survey Area; and
81 WHEREAS, in order to undertake the necessary procedural and administrative
9' steps to formulate and adopt a Redevelopment Plan(s) and Project Area(s), it is
10 necessary for the Redevelopment Agency to request an advance of funds and enter
11 into an agreement with the City Council and the City of San Jacinto under cer-
12 tain items and conditions; and
13i WHEREAS, the cooperative agreement has been entered into by and between
14 the San Jacinto Redevelopment Agency and the City Council of the City of San
15 Jacinto to effectuate the City's redevelopment program.
16i! NOW, THEREFORE, BE IT RESOLVED, DETERMINED AND ORDERED BY THE SAN JACINTO
17I REDEVELOPMENT AGENCY, AS FOLLOWS:
I8 Section 1. An agreement hereinafter referred to as the "Fund Advance
19 Agreement No. 1" is hereby approved as set forth in Attachment "A" and hereby
20 is transmitted to the City Council of the City of San Jacinto as a request for
21 the advancement of funds under the terms and conditions therein stated.
22 Section 2. The Chairman is hereby authorized and directed to enter into
23 this Fund Advance Agreement No. 1 with the City of San Jacinto on behalf of the
24 San Jacinto Redevelopment Agency as outlined.
25 PASSED, APPROVED AND ADOPTED this 7th day of October 8
26
27 ATTEST: Chairman
f / San Jacinto Redevelopment Agency
28I
S6&etary
29 � San Jacinto Redevelopment Agency
30
31 A ROVED AS TO FORM
32 «/N�4.e (
City Attorney
FUND ADVANCE AGREEMENT ##1
ATTACHMENT A
AN AGREEMENT BETWEEN THE CITY OF SAN JACINTO AND THE SAN
JACINTO REDEVELOPMENT AGENCY RELATIVE TO THE ADVANCE OF
FUNDS FOR THE FORMULATION OF A REDEVELOPMENT PLAN(S) AND
PROJECT AREA(S) AND THE UNDERTAKING OF REDEVELOPMENT
AGENCY ADMINISTRATIVE ACTIVITIES.
THIS AGREEMENT is entered into this 7th day of October, 1982 by and
between the CITY OF SAN JACINTO, a municipal corporation (herein "City") and
the SAN JACINTO REDEVELOPMENT AGENCY, a public entity authorized to transact
business pursuant to the provisions of Section 33000 et seq. of the California
Health and Safety Code (herein "Agency") .
R E C I T A L S
1 . Creation: On May 4 1982, the City adopted Ordinance No. 725
captioned:
ORDINANCE NO. 725
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN
JACINTO, CALIFORNIA, DECLARING THE NEED FOR A REDEVELOP-
MENT AGENCY TO FUNCTION IN THE CITY OF SAN JACINTO AND
DECLARING THE CITY COUNCIL TO BE THE REDEVELOPMENT AGENCY
FOR THE CITY OF SAN JACINTO.
2. Agency Responsibility: This Ordinance vests the Agency with the re-
sponsibility and purpose to exercise the powers of the Community Redevelop-
ment Law pursuant to Section 33000 et. seq. of the California Health and
Safety Code.
3. Need for a Redevelopment Program: The City Council and the Rede-
velopment Agency have found and concluded that redevelopment in the City of
San Jacinto is a viable procedural and financial mechanism to eliminate and/
or mitigate existing and potential physical , social and economic blight
through community improvement and enhancement and further concluded that
the City of San Jacinto does not presently have the financial resources to
pursue community improvement and enhancement programs aimed at the elimina-
tion of this blight.
4. Advance of Funds: The City and the Agency desire to enter into an
Agreement wherein the City will advance funds to the Agency for payment of
expenses incurred by the Agency for expenses associated with the planning,
formulation, adoption and execution of one or more redevelopment plans and
project areas in the City of San Jacinto.
NOW, THEREFORE, in consideration by the parties of the covenants and
conditions herein contained, the City and Agency agree as follows:
Section 1 . It is necessary and desirable that the San Jacinto Rede-
velopment Agency immediately proceed with the adoption of a Redevelopment
Plan(s) and Project Area(s) consistent with the provisions of the California
Community Redevelopment Law.
Section 2. The City agrees to advance a sum not to exceed $50,000
to formulate and prepare one or more redevelopment plans and project areas
in accordance with Work Order dated October 8th, 1982 with Willdan Associates.
Section 3. The City will advance, with prior review and approval of the
City Council , other funds deemed necessary and required by the Agency to
facilitate and expedite the approval , adoption, and implementation of the
redevelopment program. Said expenses may include, but are not limited to,
legal services , special reports, public hearings, and general administration.
Section 4. Pursuant to Cooperative Agreement between the City and the
Agency dated October 7th, 1982, the Agency agrees to reimburse the City for
the advance of the aforementioned funds from whatever revenue the Agency
possesses, or is entitled to, including future tax increment funds allocated
to the Agency pursuant to Section 33670 (b) of the California Health and
Safety Code when said funds are available. The Agency agrees to reimburse
the City not only for the advance, but in addition, the Agency agrees to pay
to the City the interest which the Agency receives on the moneys which the
City transfers to the Agency while such funds are invested by it. The Agency
further agrees to pay interest to the City at the rate of twelve percent (12%)
per annum on the moneys which the Agency expends for authorized purposes.
Section 5. The Agency shall keep such accounting records as will enable
the City and the Agency to determine the actual costs incurred and/or moneys
advanced in association with pursuing the redevelopment program and the form-
ulation of the redevelopment plan and project area.
Section 6. This document has been authorized to be executed by action
taken by the San Jacinto City Council on 'October 7th, 19_ by Resolution No.
1458 , and by the San Jacinto Redevelopment Agency on October Zth 19_B2 by Reso-
lution No. RDA-g2_3,
Section 7. If any portion or section of this agreement is declared to
be unconstitutional or violative of the California Community Redevelopment Law
or other applicable laws of the State of California, then only that section
or portion shall be stricken as agreed upon by both parties. Such determina-
tion of unconstitutionality or infeasibility shall not affect the remainder
of the agreement.
IN WITNESS WHEREOF, the parties hereto have executed this document as of
the date first above written.
CITY OF S J I rO
r
BY
ATTEST:
Mayor
Margaret McLean
BY
City Clerk
BY
City Attorney
SAN JACI 0 R DEVELOPMENT AGENCY
BY (/C ,K/ �✓
Chai man
ATTEST:
BY
Secretary
San Jacinto Redevelopment Agency
BY
Redevelopment General Counsel