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HomeMy WebLinkAboutCarlsbad Redevelopment Commission; 1985-07-30;e e PUBLIC WORKS AGREEMENT CARLSBAD VILLAGE REDEVELOPMENT PROJECT THIS AGREEMENT is entered into this 30th day of! July, 1985, by and between the CARLSBAD REDEVELOPMENT COMMISSION, a public body, corporate and politic, (the "Commission") I and the CITY OF CARLSBAD, a municipal corporation (the "City"). Recitals A. By Ordinance No. 9591 adopted on July 21, 1981, the City Council of the City of Carlsbad adopted and approved a certain Redevelopment Plan (the "Redevelopment") for the Carlsbad Village Redevelopment Project (the "Projec:t" ) . B. Pursuant to the Community Redevelopment Law of the State of California (Health and Safety Code Section 33000 et x.), the Commission is carrying out the Redevelopment Plan for the Project in the redevelopment project area (the "Project Area" ) . - C. Under the Redevelopment Plan, the City shall aid and cooperate with the Commission in carrying out the E'roject and take actions necessary to ensure the fulfillment of the purposes of the Plan and to prevent the recurrence or spread in the Project Area of conditions causing blight. D. In furtherance of the Project, the Commission and the City desire to enter into an agreement under which the City will install and construct certain storm drain and other public improvements and facilities to serve the Project (t-he "Improvements") as described in Exhibit A attached hereto and 0 0 incorporated herein, and the Commission will pay the City for all costs of such Improvements by periodic payments over a period of years according to the terms of this Agreement. E. The Commission and the City Council of the City have determined that the Improvements are of benefit to he Project Area and that no other reasonable means of financing such Improvements are available to the community. Agreements The Commission and the City hereby agree as fol-lows: 1. Public Improvement Work. Within the Project Area, the City shall cause to be designed, constructed and installed the storm drains and other public improvements and facilities which are specified in Exhibit A. Said Improvements shall be constructed and installed in the priority directed by the Commission in a satisfactory and proper manner pursuant to plans and specifications to be prepared by the City and submitted to the Commission for its approval. The City shall acquire land and other property interests as necessary in order to complete the Improvements. The City's obligation hereunder is conditioned upon the receipt of sufficient funds from the Commission under Section 2 of this Agreement, and the City shall be under no obligation to commence and complete any of the Improvements until it has adequate funds therefor. The parties contemplate that the cost of the Improvements will be approximately the amounts shown on Exhibit A, but it is understood that said amounts are estimates only and that the actual costs of any of 5 7 5 5p/ 2 0 6 21 09 -2- e 0 a the Improvements will be determined at the time said Improvement is undertaken by the City. Upon completion of any of the Improvements, the City shall submit a statement to the Commission indicating the actual costs therefor. 2. Payment by the Agency. In consideration of the undertakings of the City under Section 1 of this Agreement, and after first making adequate provision for the annual payment of principal and interest due on any bonds or other indebtedness of the Commission which may be incurred by the Commission in carrying out the F’roject and for which the annual tax allocations to the Commission from the Project (the “Tax Allocations“) are pledged or committed, the Commission shall pay to the City such Tax Allocations in order to provide the City with sufficient moneys to undertake the Improvements. The Commission shall pay the Tax Allocations to the City in semi-annual installments, as said funds are available to the Commission, or in such other amounts and times as the parties may agree. The City shall deposit the Tax Allocations into a special fund of the City which shall earn interest. The Commission shall have no liability hereunder except as set forth in this Section 2 after first making adequate provision for annual payments of principal. and interest payments on bonds and other indebtedness of the Commission secured by said tax allocations. 3. Indebtedness of Agency. This Agreement constitutes an indebtedness of the Commission incurred in carrying out the Project, and a pledging of tax allocations from the Project to repay such indebtedness, 5755p/2062/09 -3- 0 8 under the provisions of Section 16 of Article XVI oIf the California Constitution and Sections 33670-33674 of the Health and Safety Code: provided, however, that such pledge of tax allocations shall always be subordinate and subject to the right of the Commission to pledge or commit tax allocations from the Project to repay bonds or other indebtedness incurred by the Commission in carrying out the Project. 4. Liability and Indemnification. Pursuant to Section 895.4 of the Government code, the Commission and the City agree that each will assume the full liability imposed upon it or any of its officers, agents or employees for injury caused by a negligent or wrongful act or omission occurring in the performance of this Agreement, and each party agrees to indemnify and hold harmless the other party for any loss, cost or expense that may be imposed upon such other party by virtue of Sections 895.2 and 895.6 of the Government Code. 5. Termination of Agreement. This Agreement and the obligations of the City and the Commission hereunder shall terminate upon the completion of the Improvements by the City. At such time, any moneys paid by the Commission to the City hereunder and not needed by the City to pay for the Improvements, as well as any interest earned on said sums, shall be returned by the City to the Conmission. 57 5 5p/206 2/09 -4- L * 0 . IN WITNESS WHEREOF, the Commission and the City have executed this Agreement as of the date first above written. CARLSBAD HOUSING AND ‘Secretary ji CITY OF CARLSBAD ATTEST : BY a d!. Qad BY c- /IL%+,\-,. ’ 4i !?4&.- 4 n City Clerk :r‘ Mayor 5755p/2062/09 -5- * * EXHIBIT A IMPROVEMENTS COST ESTIMATE Central Business Storm Drain $900,000 Property Acquisition - Roosevelt St. $537,500 Parking Lot Improvements - Roosevelt St. $ 65,000 Sidewalk Improvements $250 , 000 Alley Improvements $174,000