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HomeMy WebLinkAboutResolution - 93-19 RESOLUTION NO. RDA= 93-19 RESOLUTION OF THE SAN JACINTO REDEVELOPMENT AGENCY AUTHORIZING EXECUTION OF AN AGREEMENT BY AND BETWEEN THE SAN JACINTO REDEVELOPMENT AGENCY AND THE RIVERSIDE COUNTY FLOOD CONTROL AND WATER CONSERVATION DISTRICT (AMENDMENT NO. 1 TO THE SAN JACINTO REDEVELOPMENT PROJECT) WHEREAS, by Ordinance No. 754, adopted June 28, 1983, City Council of the City of San Jacinto (the "City Council") approved the Redevelopment Plan (the"Original Plan") for the San Jacinto Redevelopment Project (the "Original Project"); and WHEREAS, the Original Plan included provisions for tax increment financing with respect to the project area as originally established (the "Original Project Area"); and WHEREAS, the Agency,the City of San Jacinto (the "City"), and the Riverside Flood Control and Water Conservation District (the "District") entered into an Agreement dated as of November 28, 1983 (the "1983 Agreement"), which, in part, provided for the Agency to make certain payments from time to time to the District; and WHEREAS, in the course of implementing the 1983 Agreement, the parties have determined that some of the language contained in the 1983 Agreement requires ongoing interpretation or is open to dispute; and WHEREAS, the Agency and the District desire to simplify and restate the obligation of the Agency to make certain payments to the District with respect to the Original Project Area; and WHEREAS, on April 14, 1993, the Planning Commission of the City of San Jacinto approved Resolution No. 93-14, establishing boundaries for a proposed amendment ("Amendment No. 1") adding territory (the "Added Area") to the Project; and WHEREAS, the Agency has proposed by an Amended Redevelopment Plan (the "Amended Plan") to make numerous substantive changes to the Original Redevelopment Plan; and WHEREAS, based upon information presented on behalf of the District it appears that Amendment No. 1 will cause a financial burden or detriment to the District and that certain payments are necessary to alleviate such financial burden or detriment; and WHEREAS, meetings have been held by representatives of the Agency and representatives of the District, to discuss the fiscal impact of the Project as amended by the Amended Plan; and WHEREAS, to alleviate any financial burden or detriment which the Project as so amended may cause the District, and to amicably resolve any differences regarding the Project as so amended, the parties hereto enter into this Agreement; and WHEREAS, the District has approved or has scheduled for approval an agreement (the "Agreement") which is attached hereto and incorporated by reference herein providing for certain payments to the District, ,which payments will alleviate any adverse fiscal impact on the District resulting from the Amended Plan or the Project NOW, THEREFORE, THE SAN JACINTO REDEVELOPMENT AGENCY DOES RESOLVE AS FOLLOWS: Section 1: The Agency finds the: (a) the Amendment and the Original Project will cause a financial burden or detriment to the District and that the payments as are provided for in the Agreement are necessary to alleviate the financial burden or detriment of the District; and (b) the Agreement alleviates any and all such financial burden or detriment. Section 2: The Chairman and the Clerk of the Agency are authorized the execute the Agreement, and to cause payments to be made to the District pursuant to the Agreement. PASSED, APPROVED AND ADOPTED this 7 day of__per 1993 at a regular meeting of the San Jacinto Redevelopment Agency by the following vote: AYES.- Agencymembers Ford, Solorio, Williams, Chairman Hafliger NOES: None ABSENT: None 1 ABSTAIN: Agencymember Leahy Chair66 ATTEST: ZCAILI:L2 Secretary PUBL:9328_1 1941 B2763.1/Flood 2 12/07/93