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HomeMy WebLinkAboutPCDC Resolution 06 02/02/1976C~!ll~ii:rni ~-1- /~ ~.`i5~ , p;-, 1, i ay ' 4'/ A?:TAr~Urrt:~ cn~.n~U~lz ~~ D~_vl:,LCZ.r~r,.ra~' ccr~~u~~~~~;~oN .-~ ,, 31: R. -.,. PCDC x~?-'a~OLUw"101 1~~0. 6 A RL;~OLU~'?~OIV .~.UTI~Oft~'7~I~~C aHi LhLCUTIOTd OF A CONTRACT T°~ITIT THE CITY C:uF Pl?i'ALi31!ZA `~.'C? ~tF'.PAY 'r~I:: Cl'I'Y FOR :l'/IOPdEY ADVAI?1CF'D ' FOR A~I>> OR'I .DrT~ALF O ~b"TiE F ITi~LUI!I.~ COT.~II'!!.U141IT`l_ DEVELOPMEI~! ~' +;:~IL C<~`~\`:~, tine k•etalur?:a Cor,~`~unity Development Commission desi~.-c~:~ -c~.:~ c~~tr~.in an aetv~nce o i -:rungs from the City o:~ beta- lumar ~-;rici,, t'I~il?.R}SAS, the ??etaluara Co~~i<<unityDevelopment Commission wishes to =_~eirtib~.~rse t}ie C'ity of I?et~lurla for such advance when pr~a,ctzca]_~]~~.~ ~:aossi~le; . NOTE;, ~ 'I'I3ERr'F~=RL', the Peta]_urna Comz~.unity Dev~,lopment Com- 1"?1sSlOn CeveS reSO1Ve a~S ~O]_lOWS: Section J_ . ~?'he. Chairman is ~:uthorized to execute the a~~_r.eenerit bet~reen t'he :Petaluma Conununity Development Com- ~t?.iss~.on anal the City of Petaluma a~ttache~ hereto as Exhibit "A"' a.na incorporated herein by reference. T~t~E:t~EUP~_5~1, the fore'goiri~ resolution was adopted on the 2nd day of r'ebruary, 1976, by the following vote: AYES: Commissioners &runner, Cavanagh, Hilligoss, Mattei and Chairman Putnam idC~:Ca; : None AHSENi': Commissioners Harberson and .Ferry r ,,_a ) na' rmari, Pet~!lurna Cor~r~~unity De- velog~ment Com?~isaion Attest : ~~/ vC~ _ ~ -~~~.~=~~~ Secre ary 9 _ - - _ t}~.. .., . it ~. • ;r~ AGREEMENT. This agreement is made and entered into this 2.4th - day of•Feb.rua•ry 193.6, by and between the City of:Petaiuma; - a municipal .corporation. (herena•f er .re"f erred ao as "City":) , - .and `the. Petaluma Community "Development Commission (herein- . after .referred to as "PCDC"): ~ - - ~. ~ ~ -.. WHEREAS., PCDC has teen .created ;pursuant to Pa`r,t 1. 7; - of Division 24 of~the.Heal h~and'~Safe y Code'of~the-State of California(Sections 34'1:00 et seq) : to °op;erate and govern Ithe ~ ' "~ Redevelopment Agency of the City' of Petaluma and.'the Petaluma ~ - ., ~'~. Housing=Authority under a single operatingentity; and, - - _ - . ,' .' WHEREAS, PyCDC~ has: asked City to, provide an advance of " ' funds to meet expens'es' o-f PCDC; 'arid,, • ~' •,~ WHEREAS,~City'desres to advance:.monies..to PCDC- . - pursuant to' the ,,Health :and, !Saf,e y `Code, and., _ .. ` "' , . ,: - , - ' - -`. •- WHEREAS-, PCDC desires' to remburse~~~Cty for monies - ~ , ' "' • advanced. o .PCDC; ~ - ~ ' . ~ ~ - - ~ ~ ~ ' `NOW., ;;THEREFORE;' in ,:consideration of .the faithful ~ ~ °. .. ~ ~, `.' ~ _ performanee~of~~the;'conditions,, promises and covenants contained P ~ -. -, - - .' ..: - her,ein, it is .mutually agreed b.e ween the parties as follows: .:- 1. City will ad~ance'to PCDC necessary funds for -.• - the:~.prep'aration of xed'evelopment :glans and ~ ~ ` - -. ., . •' .• their implementation, nc3udng, :.but no - ~ •.~~ - l.mted`,to; rights=of=way acquisition and .. _ construction within•project,`areas established -. wfhin- the Gity, 'in 'an amount. not. to exceed .. • ~ .. - ' ,... .-. ~~ ....... ~ 550, 00.0 - ,~ - - - - _ - • ;~ • . . . :2.. -PCDC will :reimburse .Gi'ty for' .funds 'advanced ~ ~ ., _ ~_-^ _____~ -._ ___ _-~_Co PCDC under this agreement'. __ __ _ _ __ _ _~ 3. City recognizes and understands that pay back - of funds advanced hereunder will not be pos- - - j - sible until PCDC'-has 'est'ablished project areas - _~