HomeMy WebLinkAboutAGENDA REPORT 1996 0403 CC REG ITEM 07K 'U „ILL, , 7O
ITEM 7 k .
.`OORPARK, CALIFC?iV'
CityCouncil Meeting
of 7 -� 1996
AGENDA REPORT ACTION
MOORPARK REDEVELOPMENT AGENCY 1 /
TO: Honorable Mayor and Members of the City Council
Chairman and Members of the Moorpark Redevelopment Agency
FROM: Steven G. Hayes, Redevelopment Manager
DATE: March 19, 1996 (CC/MRA Meeting of 04/03/96)
SUBJECT: A Resolution of the City Council and the Moorpark
Redevelopment Agency Approving and Authorizing the City
Manager and Chairman to Execute a Reimbursement Agreement
by and between the Moorpark Redevelopment Agency and the
City of Moorpark for a City Loan for Administration Costs
for the Preparation of H.E. Baher and Highway Patrol
Lease Agreements
BACKGROUND:
On March 6, 1996, The Moorpark Redevelopment Agency authorized
staff to proceed with the preparation of a lease agreement by and
between H. E. Baher and the Moorpark Redevelopment Agency for the
lease and sublease of the property known as 216 Moorpark Avenue,
Moorpark, California to the California Highway Patrol. The Term of
the Lease Agreement will be for four (4) years non-cancelable with
a extended four (4) years cancelable with six (6) months notice.
Annual Rent is Twenty Seven Thousand, Two Hundred Seventy Six and
No/100 ($27,276.00) to be paid by the California Highway Patrol.
DISCUSSION:
The attached Resolution and Reimbursement Agreement are being
presented to the Moorpark Redevelopment Agency for approval in
accordance with Section 33670 of the California Community
Redevelopment Law, for auditing purposes for filing the Annual
Statement of Indebtedness.
The Agency will administer the project and pay the City back for
costs incurred such as staff time, legal costs, design work, and
other related costs. This project is in the Project Area and will
advance the Goals and Objectives of the Redevelopment Plan and
better the health, safety and welfare of the community.
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FUNDING:
This project can be funded by either tax increment revenues or bond
proceeds. It is recommend that tax increment revenues be used to
fund this project when available.
RECOMMENDATION:
Staff recommends that the City Council and the Agency adopt the
attached Resolutions authorizing the City Manager and Chairman to
execute the attached Reimbursement Agreement by and between the
Moorpark Redevelopment Agency and the City of Moorpark.
Attachments: Resolution No. 96- Ilgi
Reimbursement Agreement
SGH-COOP\REIMB.006-03/19/95-March 26, 1996
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