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HomeMy WebLinkAboutRDA Res 69-06 1969-03-03 .,' 1 I 1 . . RESOLUTION NUMBER 69-~ A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SEAL BEACH AUTHORIZING THE EXECUTIVE DIRECTOR TO SIGN AN AGREEMENT WITH THE CITY OF SEAL BEACH REGARDING RELATIONSHIPS BETWEEN THE CITY AND THE AGENCY. WHEREAS, The City of Seal Beach has established the Redevelopment Agency of the city of Seal Beach pursuant to the provisions of the California Community Redevelopment Law (Health & Safety Code, Sections 33000 et seq.); and WHEREAS, The City Council declared itself to be the Agency in accordance with said law; and WHEREAS, The Agency is undertaking a redevelopment project known as the Riverfront Redevelopment project pursuant to a Redevelopment plan approved and adopted by ordinance of the City Council: and WHEREAS, The City and the Agency desire to enter into an agreement to establish the basis for their relationship with respect to the powers and functions of the City and the Agency in the planning, financing, undertaking, and carrying out of the Riverfront Redevelop- ment Project. NOW, THEREFORE, be it resolved by the Redevelopment Agency of the city of Seal Beach as follows: 1. The Executive Director of the Agency is authorized to sign an agreement entitled "Cooperation Agreement Between the City of Seal Beach and the Redevelopment Agency of the City of Seal Beach." 2. A copy of said Agreement be attached to this Resolution as Exhibit "A". PASSED, APPROVED, AND ADOPTED by the Redevelopment Agency of the city of Seal Beach at a meeting thereof held on March 3, 1969, by the following vote: AYES: Members Gummere. Dreis, Fuhrman, Hamilton NOES: Members ~ONE, ' '"l ABSENT: Members Anderson t:ff.~ ~~ Secretary " ' 1 1 I ~ .' . . COOPERATION AGREEMENT BETWEEN THE CITY OF SEAL BEACH AND THE REDEVELOPMENT AGENCY OF THE CITY OF SEAL BEACH THIS AGREEMENT is entered into this 3rd day of March, 1969, by and between THE CITY OF SEAL BEACH, CALIFORNIA (hereinafter referred to as the "CITY") and the REDEVELOPMENT AGENCY OF THE CITY OF SEAL BEACH, CALIFORNIA (hereinafter referred to as the "Agency") . The city and the Agency hereby agree as follows: 1. GENERAL A. Ordinance Pursuant to the California Community Redevelopment Law (California Health and Safety Code, Section 33000 et seq.) the City Council on February 20, 1967, by Ordinance No. 708 declared that there was a need for a redevelopment agency to function in the City. B. Desiqnation of Aqency The city Council by said Ordinance also designated itself to be the Agency pursuant to Section 33200 of said law. C. Separate Aqency The Agency is and shall remain as a separate public body, corporate and politic, exercising governmental functions and per- forming a public function of the City. D. Riverfront Redevelopment pro;ect The Agency is undertaking a redevelopment project known as the Riverfront Redevelopment project (herein referred to as the Project) in accordance with the California Community Redevelopment Law. On March 3, 1969, the city Council by Ordinance No. 780 approved and adopted a Redevelopment Plan for said Project (herein referred to as the Plan). , 1 1 I . . . .' The Plan provides that the City will advance funds to the Agency in the form of loans for survey ahd planning activities, for operating capital, and for the construction of various public facilities, and will also make certain expenditures to assist the Agency in carrying out the project. 11. CITY ADVANCES A. Amount of Advances The City has advanced and expended on behalf of the Agency certain funds of approximately $15,000 for survey and planning purposes and administrative expenses incurred prior to the effective date of the ordinance adopting the Plan. The Agency hereby agrees to repay the amount of such advances on the terms and conditions hereafter provided in this agreement. The City will, to the extent that funds are legally available to the City, advance as loans to the Agency for the Project the following amounts: (1) an amount, estimated at $130,000, will be advanced to the Agency for administrative expenses incurred during Project execution which shall inClude, b~t~not be limited to, general, legal, and fiscal services and the negotiation of development agreements with owner-participants and developers; (2) it is also intended that the City will advance certain funds to the Agency for acquisition of property for public uses estimated at a cost of $375,000; (3) the City will also advance certain funds for the con- struction of street improvements estimated at $525,000; (4) the City will further advance certain funds for a community park facility at an estimated cost of $120,000. -2- , 1 1 1 . . ~ B. Aqencv Administrative Fund and Redevelopment Revolvinq Fund Advances or grants to be made by the City to the Agency shall be paid through a redevelopment revolving fund or through an Agency administrative fund, as appropriate, to be established by the City as authorized by the Community Redevelopment Law. Loans and advances to the Agency by the City of Seal Beach will generally be repaid on the following terms and conditions: (1) Simple interest shall accrue until paid at the rate of five per cent (5%) per annum from the time the funds are paid to the Agency. (2) The funds, as well as accrued interest, shall be repaid by the Agency from tax increments accruing to the Agency for the Project pursuant to Sections 33670-33674 of the Community Redevelopment Law and Section 19, Article XIII of the California Constitution, or from any other funds which may become legally available to the Agency for repayment to the city. (3) Repayment need not be made by the Agency until, all other debts which may be incurred by the Agency for project improvements, including the future pledge of tax increments for bonds issued to finance project improvements, have been satisfied or adequate provision made for the repayment of such other Agency indebtedness. (4) Loans and advances by the City shall be on such additional terms and conditions as the city Council may approve in authorizing the appropriations to the Agency, subject to Agency's approval of such terms and conditions. (5) If no funds become available for such purposes, then the money loaned and accrued interest need not be repaid. -3- . 1 I I . -.. ." ~ 111. STREETS AND PUBLIC UTILITIES The City agrees to cooperate with the Agency in any opening, construction, and improvement of public streets within the project area including the extension of First Street as shown in the Plan. Any land acquired by the Agency for streets, sidewalks, and other public ways shall be conveyed in fee to the City. The City agrees that it shall maintain in good repair, or cause to be maintained, all streets, sidewalks, storm sewers, water mains, and other public improvements constructed by either the City or the Agency. Public improvements in the project area shall be installed and constructed by the City at the expense of the Agency. IV. SERVICES PERFORMED BY THE CITY FOR AGENCY A. Aid and Assistance The City, its officers and employees, shall perform services for the Agency in carrying out the,work of redevelopment. The Agency is presently operating without a separate staff. It is hereby agreed that the City's officers and employees shall perform the administrative work of the Agency as requested by the Executive Director of the Agency at the expense of the Agency. When and to the extent requested by the Agency, the City will aid and cooperate in the planning, undertaking, construction, and operation of the Riverfront Redevelopment Project. Throughout the performance of services for the Agency, City departments and offices shall confer with and shall keep the Agency fully informed of their activities and the status of the work being performed. B. Compensation~, the Agency f~r Services Rendered The City shall itemize any expenditures made by it on behalf of the Agency and shall bill such expenditures to the Agency. -4- , 1 1 1 -.. .', - ... .. " The Agency agrees to reimburse the City for services rendered the Agency and for costs incurred by the City on the Agency's behalf in such amounts and at such times as the City and the Agency deem appropriate, which amounts may include the payment of a proportionate share of the salaries of city officers and employees where such officers and employees are also performing services for the Agency. No city officer or employee shall be paid extra compensation for work performed for the Agency unless such compensation is expressly authorized and provided for by the City Council. THIS AGREEMENT is hereby entered into on the date first herein ment, mentioned. By THE CYI/rY{"tL BEACH ~), I~ ./' THE LOPME~ AGENCY OF THE CITY OF SEAL BEACH ~dJ~ By ~ -5-