HomeMy WebLinkAbout2009-07-07; Housing & Redevelopment Commission; Resolution 4721
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HOUSING AND REDEVELOPMENT COMMISSION RESOLUTION NO. 472
A RESOLUTION OF THE HOUSING AND REDEVELOPMENT COMMISSION OF THE
CITY OF CARLSBAD, CALIFORNIA, APPROVING AMENDMENTS TO THE
COOPERATION, REIMBURSEMENT AND REPAYMENT SCHEDULE AGREEMENTS
BETWEEN THE CITY OF CARLSBAD AND THE CARLSBAD HOUSING AND
REDEVELOPMENT COMMISSION FOR REIMBURSEMENT OF ADMINISTRATIVE
COSTS AND PROVISION OF FINANCIAL ASSISTANCE FOR IMPLEMENTATION OF
REDEVELOPMENT ACTIVITIES.
WHEREAS, the City Council of the City of Carlsbad activated the Housing and Redevelopment
Commission on October 16, 1979 and declared itself to constitute the Commission for the purposes of
implementing redevelopment activities within the City of Carlsbad; and,
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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; 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, pursuant to the Community Redevelopment Law and previously approved
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Cooperative Agreement, the Housing and Redevelopment Commission is continuing to perform a public
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function of the City of Carlsbad and may have access to staff and other administrative services and
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facilities of the City, and may accept financial assistance from the City to complete the identified
redevelopment activities and/or projects for the Village Redevelopment Area; and,
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WHEREAS, the City of Carlsbad and Housing and Redevelopment Commission have a need to
amend and update their agreements as related to the establishment of an Administrative Fund with funds
appropriated by the City of Carlsbad as a loan to be repaid as funds are available to the Housing and
Redevelopment Commission 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 Housing and Redevelopment
Commission, as follows:
1. That the above recitations are true and correct.
2. The Housing and Redevelopment Commission 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.
18 3. The Chairman of the Commission is hereby authorized to execute said amended Cooperation
19 Reimbursement and Repayment Schedule Agreements in substantially the form approved by the
20 Housing and Redevelopment Commission and with prior approval by the City Attorney, as
21 Commission Counsel.
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PASSED, APPROVED AND ADOPTED at a Joint Special Meeting of the
Carlsbad Housing and Redevelopment Commission and Carlsbad City Council held on
the 7th day of July, 2009, by the following vote to wit:
AYES: Commission Members Lewis, Kulchin, Hall, Packard and Blackburn.
NOES: None.
ABSENT: None.
A LEWISrChairman
»»/ESTABLISHED \
1970