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HomeMy WebLinkAboutRES RD 1994 30 1994 1116RESOLUTION NO. 94 -3o 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 provisions of the California Community Redevelopment Lawt(Health and Safety Code Section 33000 et 9e9.), 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, in the furtherance of the Project, the Agency and the City desire to enter into an agreement in the form submitted herewith (the "Reimbursement Agreement ") pursuant to which the City has provided service and funding for improvement to Agency property located at 224 and 226 High Street (the "Improvements and Loan ") as described in Exhibit "A" attached to said Agreement. The Agency will pay the City for all costs of such Improvements and Loan by periodic payments over a period of years; NOW, THEREFORE, the Moorpark Redevelopment Agency does hereby resolve as follows: Section 1. The Agency hereby determines that the Improvements and Loan are of benefit to the Project Area and thereby consents to the undertaking of construction and installation of the Improvements in accordance with the Agreement, in the form attached to this Resolution and incorporated herein by reference. Section 2. The Agency approves the Agreement and authorizes the Chairman to execute the Agreement on behalf of the Agency. PASSED, APPROVED AND ADOPTED this 1994. day of November , AT By By: 4t�� Paul W. Lawrason Jr. Chairman 00010 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 - ,30 was adopted by the Redevelopment Agency of the City of Moorpark at a meeting held on the 16,h day of NovemhPr 1994, and that the same was adopted by the following vote: AYES:COUNCILMEMBERS HUNTER, MONTGOMERY, PEREZ, WOZNIAK, AND CHAIRMAN LAWRASON NOES: NONE ABSENT: NONE ABSTAIN: NONE WITNESS my hand and the official seal of said City this 17th day of Nov m , 1994. . �dw-' ."Od - e*a� Lillian E. Hare Secretary (Seal) ENl —( ESTABLISHED t MARCH 18. 1987 0�ry�g�lIFO0 -\ �P�� REIMBURSEMENT AGREEMENT THIS AGREEMENT is entered into as of the liD'lhday of 1994, by and between the CITY OF MOORPARK {the "City") and the � MOORPARK REDEVELOPMENT AGENCY (the "Agency "). A. WHEREAS, the City Council of the City of Moorpark, acting pursuant to the provisions of the California Community Redevelopment Law (Health & Safety Code Section 33000 et sea.), has activated the Agency and declared itself to constitute the Agency; and B. WHEREAS, the Community Redevelopment Law authorizes redevelopment agencies to enter into contracts for the reimbursement of the costs of certain improvements and loans for improvements enumerated in redevelopment plans upon making findings that: (i) the buildings, facilities, structures or other improvements are of benefit to the project area or the immediate neighborhood in which the project is located, and (ii) that no other - ,reasonable means of financing such buildings, facilities, structures, or other improvements, are available to the community; and C. WHEREAS, the Redevelopment Plan (the "Redevelopment Plan ") for the Moorpark Redevelopment Project (the "Project "), including materials referenced therein, enumerates certain public and Agency improvements which may be provided or contributed to by the Agency, including without limitation the provision of building improvement; and D. WHEREAS, the Agency and the City have been acting in accordance with a certain Reimbursement Agreement previously adopted; and E. WHEREAS, this Agreement is intended to affirm the Reimbursement Agreement and to clarify responsibilities as to the Improvements as defined herein, and F. WHEREAS, the Agency has determined that those certain improvements, as more particularly described in Exhibit "A" hereto (the "Improvements ") will be of benefit to the project 001.28 area and the immediate neighborhood in which the project area is located; and G. WHEREAS, the construction of the Improvements is a costly undertaking requiring the financial support of the Agency; and H. WHEREAS, no other reasonable means of financing such Improvements are available; NOW THEREFORE, the City and the Agency agree as follows: Section 1. The City agrees to provide for the Agency the Improvements and a Loan, and each of them, either as separate projects or otherwise. Agency shall be liable to City for any amounts expended by City hereunder, but City shall have no obligation to proceed with such Improvements prior to completion of all requisite public hearings, environmental reviews and compliance with all laws relative to authorization of any of the Improvements. Such assistance and services may include but not be limited to the services of officers and employees and special consultants. Section 2. The Agency agrees to reimburse the City for all costs incurred for services and amount of Loan by the City pursuant to this Agreement from and to the extent that funds are available from the Project to the Agency for such purpose pursuant to Section 33670 of the Health & Safety Code or from other sources that may lawfully be used for such repayment; provided, however, that the Agency shall have the sole and exclusive right to pledge any such sources of funds to the repayment of other indebtedness incurred by the Agency in carrying out the redevelopment project. The costs of the City under this Agreement will be shown on statements submitted to the Agency. It is the expressed intent of the parties that the City shall be entitled to repayment of the expenses incurred by the City under this Agreement, consistent with the Agency's financial ability, in order to make the City whole as soon as practically possible. Section 3. The obligation of the Agency under this Agreement shall constitute an indebtedness of the Agency within the meaning of Section 33670, et sea. of the Community 00129 Redevelopment Law, to be repaid to the City by the Agency with interest at the lesser of ten percent (10 %) per annum or the maximum rate allowed by law. Section 4. This Agreement shall not modify, amend or otherwise affect any other outstanding agreement between the Agency and the City. IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written. MOORPARK REDEVELOPMENT AGENCY B Paul W. rason Jr.. Chairman ATTEST: By: llian Hare Agency Secretary CITY OF MOORPARK Steven Kueny ' Manager Date: /- 0 02 - 9T 00130 EXHIBIT "A" PROJECT DESCRIPTION 1. Demolition of interior of building City labor costs: $4,433.55 2. Electrical service repair and screening: $3,525.00 Total: $7,958.55 001131