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HomeMy WebLinkAbout2011-11-08; Housing & Redevelopment Commission; Resolution 515EXHIBIT 1 1 RESOLUTION NO. 515 2 A RESOLUTION OF THE HOUSING AND REDEVELOPMENT COMMISSION OF THE CITY OF 3 CARLSBAD, CALIFORNIA, ACCEPTING A LOAN FROM 4 THE CITY COUNCIL IN THE AMOUNT OF $250,000 FOR FUNDS ADVANCED FOR IMPLEMENTATION OF THE 5 SCCRA PLAN RELATED TO ADDITIONAL LEGAL COSTS AND OTHER RELATED ACTIONS TO RESPOND TO, AND 6 CONTINUE OPPOSITION TO, THE ONGOING APPLICATION SUBMITTED TO THE CALIFORNIA 7 ENERGY COMMISSION FOR A NEW POWER PLANT ON PROPERTY WITHIN THE SCCRA. 9 WHEREAS, in 2007, NRG submitted an application to the California Energy 10 Commission to build a new power plant on the existing power plant property with no 11 guarantees that the existing power plant would be decommissioned and demolished; 12 and 13 WHEREAS, the site of the new proposed as well as the existing power plant is 14 located on property within the boundaries of the South Carlsbad Coastal 15 Redevelopment Area (SCCRA); and 16 WHEREAS, the proposed new power plant is not supported by the Housing and 17 Redevelopment Commission because it will not eliminate the existing blighting18 conditions (for the existing plant) and new blighting conditions will be created if the 20 proposed plant is constructed on said site; and 21 WHEREAS, the all legal and other related costs to respond to, and/or establish 22 and continue a defense against, the application submitted by NRG to the California 23 Energy Commission for said new power plant shall be paid for by the Carlsbad Redevelopment Agency with funds loaned to said Agency from the City of Carlsbad 25 pursuant to a Cooperative Agreement approved by the Council and Commission on 26 August 7, 2001; and 27 28 u 1 WHEREAS, implementation activities by the Carlsbad Redevelopment Agency to 2 eliminate blight and blighting conditions as related to the power plant property and to 3 participate in future redevelopment of said site are consistent with the SCCRA Five- 4 Year Implementation Plan approved by the Housing and Redevelopment Commission in 5 2005; 6 WHEREAS, the City Council has approved advances to the Carlsbad 7 Redevelopment Agency to cover said costs for previous and ongoing opposition to the8 9 application for the subject power plant project, and desires to provide these advanced 10 funds in the form of a loan to the Housing and Redevelopment Commission which shall 11 become a debt of the Carlsbad Redevelopment Agency for implementation of the 12 SCCRA Plan. 13 NOW, THEREFORE, BE IT RESOLVED by the Housing and Redevelopment 14 Commission of the City of Carlsbad, California, as follows: 15 1. That the above recitations are true and correct. 16 2. That the Finance Director is authorized to accept a loan from the City Council17 18 in the amount of $250,000 on behalf of the Carlsbad Redevelopment Agency 19 for fund advances and other approved appropriations for additional and 20 ongoing costs related to implementation activities within the South Carlsbad 21 Coastal Redevelopment Area related to the opposition to the application 22 submitted to the California Energy Commission for a new power plant on 23 property within the South Carlsbad Coastal Redevelopment Area. 24 3. That the Finance Director is authorized to appropriate and advance said 25 funds for the noted costs related to the defense against the proposed power 26 plant project to the South Carlsbad Coastal Redevelopment Area Fund. 28 1 4. That said loan from the City Council to the Housing and Redevelopment 2 Commission for said implementation costs for the South Carlsbad Coastal Redevelopment Area shall constitute an indebtedness of the Housing and 4 Redevelopment Commission and shall be repaid according to the terms of the 5 Cooperative Agreement approved by the Council and Commission on August 6 7,2001. 7 8 " 9 » 10 // 11 // 12 // 13 // 14 // 15 // 16 // 17 18 " 19 " 20 // 21 // 22 // 23 // 24 .// 25 // 26 27 28 \5 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 PASSED, APPROVED AND ADOPTED at a Joint Special Meeting of the Carlsbad Housing and Redevelopment Commission and Carlsbad City Council held on the 8th day of November 2011, by the following vote to wit: AYES: Commission Members Hall, Kulchin, Blackburn, Douglas, Packard. NOES: None. ABSENT: None. MATT HALL, Chairman __ "IfSA HILDABRAND, Secretary ; o: f ESTABLISHED \\ '- lk 197° J