HomeMy WebLinkAboutAGENDA REPORT 1993 1103 CC REG ITEM 11ETO:
FROM:
DATE:
AGENDA REPORT
CITY COUNCIL
The Honorable City Council
Steven G. Hayes, Economic Development Manager
October 22, 1993 (CC Meeting of 11- 03 -93)
ITEM I I. Lre
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SUBJECT: A Resolution of the City Council of the City of Moorpark
Approving and Authorizing the City Manager to Execute Public
Works Cooperation Agreements by and between the City of
Moorpark and the Moorpark Redevelopment Agency Relating to
Public Improvements in the Moorpark Redevelopment Project Area
that Provide Benefit to the Project Area (Construction of
Charles Street Storm Drain and Sidewalk Improvements - Phase
II)
DISCUSSION•
The attached Public Works Cooperation Agreement is being presented to
the City Council. This agreement is being presented in accordance with
Section 33670 of the California Community Redevelopment Law and for
auditing purposes for filing the Annual Statement of Indebtedness.
On or about September 8, 1993 the City Council recommended that the
Moorpark Redevelopment Agency consider approval of monies in the amount
of $50,000 to help fund this project. The project description and
funding sources for the project are attached as Exhibit "A" to the
Public Works Cooperation Agreement.
FUNDING SOURCE:
It is suggested that funds from the 1993 Tax Allocation Bond public
portion be allocated to fund this project. The total estimated funding
for this project will be $283,125 (MRA $50,000 and CDBG $233,125).
RECOMMENDATION•
Staff recommends that the City Council of the City of Moorpark adopt
Resolution No. 93- authorizing the City Manager to execute the attached
Public Works Cooperation Agreement by and between the City of Moorpark
and the Moorpark Redevelopment Agency for funding in the amount not to
exceed $50,000.
Attachment: Resolution No.93-
Public Works Cooperation Agreement
MRA /SGH028 /AGN /10/22/93