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HomeMy WebLinkAboutRES RD 1994 25 1994 0105RESOLUTION NO. 94 25 RESOLUTION OF THE MOORPARK REDEVELOPMENT AGENCY APPROVING AND AUTHORIZING THE CHAIRMAN TO EXECUTE A REIMBURSEMENT AGREEMENT BY AND BETWEEN THE MOORPARK REDEVELOPMENT AGENCY AND THE CITY OF MOORPARK WHEREAS, by Ordinance No. 87 adopted on March 18, 1987, the City Council of the City of Moorpark acting pursuant to the provisions of the California Community Redevelopment Law (Health and Safety Code Section 33000 et set.), has activated the Agency and has declared itself to constitute the Agency; and WHEREAS, by Ordinance No. 110 adopted on July 5, 1989 the City Council approved the Redevelopment Plan for the Moorpark Redevelopment Agency; and WHEREAS, the City and the Agency has undertaken proceedings for the implementation of the Moorpark Redevelopment Plan in the City, and the City and the Agency desire to enter into a Reimbursement Agreement (the "Reimbursement Agreement ") in order to: A. Provide funding for activities, services and facilities in furtherance of the Redevelopment Plan in projects that eliminate blight found in the Project Area including social, economic and physical blight as defined by the California Community Redevelopment Law and certain functions of the Agency under the California Community Redevelopment Law; and B. Enter into a contract for reimbursement to the City for a loan to the Agency for actions undertaken or to be undertaken and costs and expenses incurred by the Agency as part of the Redevelopment Project. NOW, THEREFORE, the Moorpark Redevelopment Agency does resolve as follows: Section 1. The Reimbursement Agreement, in the form attached to this resolution and incorporated herein by reference, is hereby approved, and the Chairman is hereby directed and authorized to execute said Reimbursement Agreement on behalf of the Agency. PASSED, APPROVED and ADOPTED this 5th day of JANUARY 1994. MOORPARK REDEVELOPMENT AGENCY By: "lfN2 e Paul W. Law on Jr., Chairman ATTEST: By— Lillian Hare, Secretary MRA /LAW069 /MIS /12116/93 �0�pMEN7- 461, ESTABLISHED * MARCH w. 1987 o cqC IFORN�4' QpQ ryf 07Y OF STATE OF CALIFORNIA ) COUNTY OF VENTURA ) ss. CITY OF MOORPARK ) I, Lillian E. Hare, Secretary of the Redevelopment Agency of the City of Moorpark, California, do hereby certify under penalty of perjury that the foregoing Resolution No. 94 -25 was adopted by the Redevelopment Agency of the City of Moorpark at a meeting held on the ___ 5th day of JANUARY 1994, and that the same was adopted by the following vote: AYES: AGENCY MEMBERS MONTGOMERY, PEREZ , WOZNIAK AND CHAIRMAN LAWRASON NOES: NONE ABSENT: AGENCY MEMBER HUNTER ABSTAIN: NONE WITNESS my hand and the official seal of said City this 6th day of JANUARY _ _, 1994. Lillian E. Hare Secretary (Seal) ESTABLISHED NAM It W? �;4c / f0R��4Q�