HomeMy WebLinkAboutPCDC Resolution 06 02/02/1976C~!ll~ii:rni ~-1- /~
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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 ~ -.
-,
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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 -
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