HomeMy WebLinkAboutResolution - 92-4 RESOLUTION NO. RDA 9 2-4
A RESOLUTION OF THE SAN JACINTO REDEVELOPMENT AGENCY
APPROVING A COOPERATION AGREEMENT WITH THE CITY OF SAN
JACINTO, AND AUTHORIZING THE EXECUTION THEREOF
THE CITY COUNCIL OF THE CITY OF SAN JACINTO DOES HEREBY RESOLVE AS
FOLLOWS;
WHEREAS, the City"Council of the City of San Jacinto (the"City") has
activated the 'San 'Jacinto Redevelopment Agency (the "Agency") by Ordinance No. 725
adopted May 4, 1982; and
WHEREAS, the City and Agency desire to enter into a Cooperation
Agreement, substantially in the form of Exhibit"A" attached hereto and incorporated herein
(the "Cooperation Agreement"), pursuant to which the City will render services and/or make
available facilities to assist the Agency in furtherance of the Agency's activities and
functions;
NOW, THEREFORE, BE IT HEREBY RESOLVED AS FOLLOWS:
Section 1: The Cooperation Agreement attached hereto as Exhibit
"A' and incorporated herein is hereby approved.
Section 2: The Chairman and Secretary of the Agency are hereby
authorized and directed to execute the Cooperation
Agreement on behalf of the Agency as the Agency's act
and deed.
MOVED,PASSED AND ADOPTED the 2 n d day of June , 1992.
ATTEST:
Secretary of the San Jacinto Chairman of the Satr" acimo
Redevelopment Agency Redevelopment Ag ncy
CERTIFICATE
The foregoing is certified to be a true copy of Resolution No. g;)Aq 2 duly
passed by the said Redevelopment Agency of the City of San Jacinto on the date set forth
therein.
Secretary
r:XHIBIT "A"
COOPERATION AGREEMENT
IS AGREEMENT is entered into this 'nd clay of June 1992, by and
between the 'CITY OF SAN JACINTO, hereinafter referred to as "CITY" and the SAN
JACINTO REDEVELOPMENT AGENCY, hereinafter referred to as "AGENCY".
RECITALS
A. The City Council of the City of San Jacinto, acting pursuant;to the provisions
of the California Community Redevelopment Law (California Health & Safety Code
Sections 33000 et seq.), has activated AGENCY and declared itself to constitute AGENCY,
by Ordinance No. -125, adopted on May 4, 1982.
B. Pursuant to the California Community Redevelopment Law, AGENCY is
performing a public function of CITY and may have access to services and facilities of
CITY.
C. CITY has established a separate fund (the "Administrative Fund") for
furnishing of support for costs of administration of the Agency.
D. Prior to the date of this Agreement, CITY advanced to AGENCY the sum of
Four Hundred Ninety-Seven One Hundred Thousand Dollars ($497,100) for costs of
administration.
E. CITY and AGENCY desire to enter into this Agreement:
1. To set forth activities, services and facilities which CITY will render
for and make available to AGENCY in furtherance of the activities
and functions of AGENCY under the California Community
Redevelopment Law;
2. To provide that AGENCY will reimburse CITY for actions undertaken
and costs and expenses incurred b_v if for and on behalf of AGENCY;
and;
3. To more fully evidence advances made by CITY to AGENCY.
SECTION 1.
CITY agrees to provide for AGENCY such staff assistance, supplies, technical services and
other services and facilities of CITY as AGENCY may require in carrying out its functions
under the California Community Redevelopment Law. Such assistance and services may
include the services of officers and employees and special consultants.
SECTION 2.
CITY may, but is not required to, advance necessary funds to AGENCY or to expend funds
on behalf of AGENCY for the administration of redevelopment projects including, but not
limited to, the costs of salaries and charges and expenses incurred under contracts for
services related to the administration of such redevelopment projects.
SECTION 3.
CITY will keep records of activities and services undertaken pursuant to this Agreement and
the costs thereof in order that an accurate record of AGENCY'S liability to CITY can be
ascertained. CITY shall periodically, but not less than annually, submit to AGENCY a
statement of the costs incurred by CITY in rendering activities and services of CITY to
AGENCY pursuant to this Agreement. Such statement of costs may include a proration of
CITY's administrative and salary expense attributable to services of CITY's officials,
employees and departments rendered for AGENCY.
SECTION 4.
AGENCY agrees to reimburse CITY for all costs incurred for services by CITY pursuant
to this Agreement from and to the extent that funds are available to AGENCY for such
purpose pursuant to California Health & Safety Code Section 33670 or from other sources;
provided, however, that AGENCY shall have the sole exclusive right to pledge any such
sources of funds to the repayment of other indebtedness incurred by AGENCY in carrying
out the redevelopment project. The obligation for repayment shall bear interest until
repayment is made at the maximum rate permitted by law. The costs of CITY under this
Agreement will be shown on statements submitted to AGENCY pursuant to Section 3
above. Although the parties recognize that payment may not occur for a few years and that
repayment may also occur over a period of time, it is the express intent of the parties that
CITY shall be entitled to repayment of the expenses incurred by CITY under this
Agreement, consistent with AGENCY's financial ability, in order to make CITY whole as
soon as practically possible.
SECTION 5.
CITY agrees to use best efforts to include AGENCY within the terms of CITY's insurance
policy. AGENCY shall pay to CITY its pro-rata share of the costs of insurance applicable
to its activities resulting from AGENCY's inclusion in CITY's policy.
SECTION 6.
The obligations of Agency under this Agreement shall constitute an indebtedness of
AGENCY within the meaning of California Community Redevelopment Law Sections 33670
et seq., to be repaid to CITY by AGENCY with interest at the maximum rate allowed by
law, but not more than ten percent (10%) per annum.
AGENCY agrees to execute promissory notes or such other documentation as may be
reasonable or necessary to further document the indebtedness of AGENCY to CITY
hereunder.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first
above written.
CITY OF SAN JACINTO
B '' �sJfa _ rfa
Mayor fr`
ATTEST:
-„
City Clerk
SAN JACINTO REDEVELOPMENTAGENCY
By
Chairman
ATTEST:
Secretary