HomeMy WebLinkAboutPCDC Resolution 6 05/19/1975,> ~,;~,
RID:EVFLOPMENT 'AGENCY O:F THE CITY OF PETALU.MA ,> ~'
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PRA Resolution. X10. g ~\(C
A R'ES'OLUTION AUTHO`RIZITIG THE EXECUTION OF A COTQTP.ACT-
WITH TrIE CITY DF PETALUMA TO REPAY.TNE CITY OF
PETALUt'IA FOR MONEY ADVATJCED F~O,R AT4~D OTI BEHALF
OF' THE' REDEVELOPMENT ,AGENCY OF THE CITY OF PETALUP~IA
WHEREAS, the Rede,~elopmen.t Agency of the City of
Petaluma desires to obtain an advance of funds from the City
of Petaluma; and
WHEREAS, €he Redevelopment Agency wishes to reimburse
the -City of Petaluma for such advance when practically posaible,
NOW, THEREFORE-, THE REDEVELOPMENT AGENCY OF THE CITY
OF PETALUMA DOES RESOLVE AS FOLLOWS:
~Se:ctiori 1. The Chairman is authorized to execute
the agreement between the Redevelopment Agency of th,e City of
Petaluma and the City of Petalumaa attached hereto as Exhibit
71A" and incorporated Herein by reference.
Section 2. This resolution shall become effective
immediately upon its passage and adopted.
WHEREUPON, t•he foregoing re olut'ion was adopted an
the 19th day of May , 1'975; by the following vote:
AYES• Commissioners Brunner, Cavanac~l~, Daly,. Harherson,
n7attei and Putnam
NOES :• None
ABSENT: Commissioner Perry
i
- ,:
C airman; Redevelopment Agency
ATTEST:
S ec reta'ry
A`G`1~2~;~~:_~TT
~~hi ,. agreement, is made and entered. into this ~~' ~%/->~
day of ~~~f1 ~ 19 T5, by ana between the City of Petaluma,
_unicpal corporation, (hereinafter referred t~ as "City"),
and the eclevelopinent .Agency of the Cit~r of Petaluma (herein-
- after te~erred to as '°,PRA") .
~vtdP.RpAS, PRA has been created pursuant to Article 1,
Chapter 2; P-art 1, Division 24, of the kIealth and Safety Code
of the Mate of California (Sections 33000 et seq)` to undertake
the re evelopment of. blr~.lzted areas within the City of '_?etaluma
pursuant to Order 1~Io. 11,70 i3. C. S : ; and,.
~~lr±_~~P.~AS, .PRA :i?as asked. City to provide an ad~.ance of
funds to meet expenses of° P..Rt~: and,` '
ti'v~I-±~R;;A5, City desires to advance rlonies. to PRA ~i;ursuant
-to the ~Iealtiz and aafety bode; and.,
. uvriLR:~`AS; PRA desires to reimburse City for monies
ae.vanced to p~?~A; ,
NO6v, Ti-ii,P.EFORE, ~ in consideration of the faithtui per-
fo-r~aance b~ the..conditons, pronses an:d covenants contanec7-
herein, it is mutually agreed between the parties as foll~~~ws:
1. City will advance. to. PRA. necessary funds for
the preparation of redeveaopment glans anal
their implemeiztation,:including but not
limited to .rights-of-way acquisition .and con--~
struction~within project areas established within
the City, in an amount not to exceed ~i•~.e.
Hundred. Doll,.=~r_'s ($50~)
2. .PRA will reimburse City for funds advanced
to P-P.A' under this ;agreerent. '
cR 3,. ::City recognizes anal unererstands that pay back
of funds advan,eed hereunder will not be ~os-
_______ _ ___~_ __ __-___ . - ------ =sib le untl.^ P.~~ has established project areas
and project plans and has set up its
taxing authority. i~ow,ever, it is the
express indent, of tYe parties that. the
monies advanced hereby shall be entitled
to .priority payrn~nt in order to .make the
City whole as soon ~s practically possible. _.
ITJ GJIT~iESS Tr~I3ERE0r the parties hereto have caused this
ac~ree.:~.eZt to be executed on the day and year first written above.
Attest:
r F ~ i !
%% City` Clerk
r.~
Approved as to forrn:
e
City Attorneys--
Attest:
Recording Secretary
Approved as to form.:
City of Petaluma, a California
I~uni.cipal Corporation
T~~ayor
.Redevelopment Agency of the
City of Petaluma
i
Ch ai rinan