HomeMy WebLinkAboutResolution - RDA 10-07 STATE OF CALIFORNIA ) RESOLUTION NO. RDA 10-07
COUNTY OF RIVERSIDE )ss
CITY OF SAN JACINTO )
A RESOLUTION OF THE REDEVELOPMENT AGENCY
OF THE CITY OF SAN JACINTO, CALIFORNIA: (i)
APPROVING A LOAN AGREEMENT BETWEEN EDWARD
JONES AND KARRI LEN JONES dba PATSY'S
COUNTRY KITCHEN AND THE SAN JACINTO
REDEVELOPMENT AGENCY FOR THE PAYMENT OF
WATER AND SEWER CONNECTION FEES; (11)
APPROVING A SECURITY AGREEMENT BETWEEN
EDWARD JONES AND KARRI LEN JONES dba PATSY'S
COUNTRY KITCHEN AND THE SAN JACINTO
REDEVELOPMENT AGENCY TO SECURE PAYMENT OF
A LOAN OBLIGATION; and (III) ACCEPTING A
SECURITY INTEREST IN A LEASEHOLD ESTATE
WHEREAS, pursuant to the California Community Redevelopment Law (Health
& Safety Code Sections 33000, et seq.) ("CRL"), the City Council of the City of San
Jacintio ("City") approved and adopted a redevelopment plan ("Redevelopment
Plan") for the redevelopment project area known as the San Jacinto Redevelopment
Project Area ("Project Area"); and
WHEREAS, the Governing Board ("Board") of the Redevelopment Agency of
the City of San Jacinto ("Agency") is engaged in activities to implement the
Redevelopment Plan for the Project Area pursuant to the provisions of the CRL; and
WHEREAS, the Agency approved and adopted an implementation plan for the
Project Area ("Implementation Plan"), which, among other things, sets forth: (i) the
goals and objectives of the Agency for the Project Area; (ii) certain projects to be
implemented in the Project Area; (iii) estimated expenditures to be made in the Project
Area; and (iv) an explanation of how the objectives, projects, and expenditures will
eliminate blight within the Project Area; and
WHEREAS, the Agency is authorized pursuant to Health and Safety Code
section 33444.E to loan funds to owners or tenants for the purpose of rehabilitating
commercial buildings or structures within the Project Area; and
WHEREAS, the Agency, like the Legislature, finds that genuine employment
opportunities are vital to the community's future peace and prosperity since the lack of
employment opportunity creates despair and frustration which may precipitate violence
and along with unfit housing may perpetuate a system of dependency and
hopelessness which drains the community of its valuable financial and human
resources; and
244 3 8.3 0000\5 76344 5,1
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PUB (..aleIS3 P1048see-l" at4j) gougialej
PASSED, APPROVED AND ADOPTED this 2"d day of December, 2010 by the
following vote.
Ayes: Bartel, Di Memmo, Kotyuk, Ledezma, Miller
Nays: None
Absent: None
Abstain: None
San Jacinto Redevelo ent Agency
Scott Miller, Chairman
ATTEST:
Richard Miller, Agency Secretary
APPROVED AS TO FORM:
BEST BEST & KRIEGER LLP
CD �ez 2seal
d'OrKIS. BaIlingtrr, Agency General Counsel
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