HomeMy WebLinkAbout2009-07-07; City Council; Resolution 2009-1741 CITY COUNCIL RESOLUTION NO. 2009-174
2 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD,
CALIFORNIA, APPROVING AMENDMENTS TO THE COOPERATION,
3 REIMBURSEMENT AND REPAYMENT SCHEDULE AGREEMENTS BETWEEN THE
CITY OF CARLSBAD AND THE CARLSBAD HOUSING AND REDEVELOPMENT
4 COMMISSION FOR REIMBURSEMENT OF ADMINISTRATIVE COSTS AND
PROVISION OF FINANCIAL ASSISTANCE FOR IMPLEMENTATION OF
5 REDEVELOPMENT ACTIVITIES.
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WHEREAS, the City of Carlsbad and the Housing and Redevelopment Commission previously
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entered into a cooperative agreement to set forth the relationships between the City and the Commission
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which was adopted on February 8, 1980 for the purposes of implementing redevelopment activities within
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the City of Carlsbad, including both the Village and South Carlsbad Coastal Redevelopment Areas; and,
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WHEREAS, the City of Carlsbad and the Housing and Redevelopment Commission previously
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entered into a reimbursement agreement and a repayment schedule agreement, approved December 2,
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2003, for the purposes of appropriately documenting the debt of the Carlsbad Redevelopment Agency and
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the requirements to repay said debt to the City of Carlsbad for implementation of redevelopment activities
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within the Village Redevelopment Area; and,
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WHEREAS, the City and the Housing and Redevelopment Commission desire to continue their
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relationships as set forth in the previously approved Cooperative, Reimbursement and Repayment
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Schedule Agreements for the completion of redevelopment implementation activities for the Village
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Redevelopment Area following expiration of the effectiveness date for the Village Redevelopment Plan on
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July 21,2009; and
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WHEREAS, the City of Carlsbad has previously agreed, and agrees to continue, to provide the
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Housing and Redevelopment Commission, on behalf of the Carlsbad Redevelopment Agency, access to
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staff and other administrative services and facilities of the City, and to provide financial assistance, as
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needed, to complete redevelopment activities and/or projects identified specifically for the Village
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Redevelopment Area; and,
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WHEREAS, the City of Carlsbad and Housing and Redevelopment Commission have a need to
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amend and update their agreements as related to the establishment of an Administrative Fund with funds
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appropriated by the City of Carlsbad as a loan to be repaid by the Housing and Redevelopment
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Commission as funds are available for such purposes, and to establish a Revolving Fund for the purposes
of depositing any loan proceeds provided by the City to the Commission for continuing redevelopment
activities, and to re-establish the amount of the debt of the Commission to the City and the repayment
schedule for said debt.
NOW, THEREFORE, BE IT RESOLVED by the Carlsbad City Council, as follows:
1. That the above recitations are true and correct.
2. The City Council does hereby approve the amended Cooperation, Reimbursement, and Repayment
Schedule Agreements between the City of Carlsbad and the Carlsbad Housing and Redevelopment
Commission for the provision of staff services and facilities and/or other resources, as necessary,
and to reconfirm the reimbursement of administrative costs and provision of financial assistance
for continued implementation of redevelopment activities in the Village Redevelopment Area
following expiration of the Village Redevelopment Plan on July 21, 2009.
3. The Mayor is hereby authorized to execute said amended Cooperation, Reimbursement and
Repayment Schedule Agreements in substantially the form approved by the City Council and with
prior approval by the City Attorney.
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PASSED, APPROVED AND ADOPTED at a Joint Special Meeting of the
Carlsbad City Council and Carlsbad Housing and Redevelopment Commission held on
the 7th day of July, 2009, by the following vote to wit:
AYES: Council Members Lewis, Kulchin, Hall, Packard and Blackburn.
NOES: None.
ABSENT: None.
ATTEST:
LORRAI
(StAL)
4-, City Cle