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103-City Council Resolution.pdf
RESOLUTIONNO. 11-________ RESOLUTIONOFTHECITYCOUNCILOFTHECITYOF CUPERTINOAUTHORIZINGTHECITYMANAGERTOEXECUTEA LOANANDREPAYMENTAGREEMENTBETWEENTHECITYOF CUPERTINO(CITY)ANDTHECITYOFCUPERTINO REDEVELOPMENTAGENCY(AGENCY) WHEREAS,theAgencyis vestedwiththeresponsibilityforformulatingand carrying out necessaryredevelopment projectswithintheCupertinoVallco RedevelopmentProjectArea(the"ProjectArea");and WHEREAS,toassistwiththeAgency'simplementation oftheredevelopment programintheProjectArea,theAgencyandtheCitydesiretoenterintoaLoanand RepaymentAgreement(the"Agreement", onfilewiththeCityClerkandtheAgency Secretary)inwhichtheCityagreesto provide staff servicestotheAgency,toconstruct improvements of benefittotheredevelopmentprogram under specifiedcircumstances andtoaddresstaxrollreassessmentliabilityissues, subjecttoreimbursementbythe AgencyasprovidedinthisAgreement;and WHEREAS,implementation oftheAgreementwillassisttheAgencyto accomplishthe statedgoalsintheRedevelopmentPlananditscurrentImplementation Planas describedinthestaffreportaccompanyingthisResolution(the"StaffReport”); and WHEREAS, undertheCaliforniaRedevelopmentLaw(HealthandSafetyCode Section 33100 et seq.;the"Law"), beforetheAgencycanexpendmoneyfor public improvements,theAgencyandtheCitymustmake specifiedfindings pursuanttoHealth andSafetyCodeSection33445;and WHEREAS, pursuanttotheLaw,theAgencyisauthorized,withtheconsent of theCityCouncilto payfor part, orall, ofthecosts of publicimprovementsthatare of benefittotheProjectArea;and WHEREAS, no otherreasonablemeans offinancingtheestimatedcost ofthe publicimprovementsareavailabletotheCity orthecommunity;and WHEREAS,theStaffReport,theRedevelopmentPlan,thereporttoCityCouncil accompanyingtheRedevelopmentPlan,andtheImplementationPlan provideadditional information upon whichthefindingsandactionssetforthinthisResolutionare based. 1 394\\01\\942280.2 NOW, THEREFORE,BEITRESOLVEDbytheCityCouncil oftheCityofCupertino asfollows: 1.IncompliancewithSection 33445 oftheLaw,theCityherebyfindsthat: (a)theinstallation orconstruction ofthe publicimprovementslistedintheAgreement thatare publicly ownedare of benefittotheProjectAreaby helpingtoeliminate blight withintheProjectAreaor providing housingforlow- ormoderate-incomepersons;(b) no otherreasonablemeans offinancingtheinstallation orconstruction ofthe public improvementslistedintheAgreementthatare publicly ownedareavailabletothe community;and(c)theappropriationand payment offundsbytheAgencyforthecost of the publicimprovementslistedintheAgreementthatare publicly ownedisconsistent withtheAgency'scurrentImplementationPlan. 2.TheCityherebyapprovestheAgreement,consentstotheAgency's expendituresundertheAgreementandauthorizestheCityManagertoenterintoand executetheAgreementonbehalfoftheCity,substantiallyintheformonfilewiththe CityClerkandtheAgencySecretary,withsuchrevisionsasarereasonablydetermined necessarybytheCitysignatory,suchdeterminationtobeconclusivelydeemedtohave beenmadebytheexecutionoftheAgreement bytheCitysignatory. TheCityManageris authorizedtoimplementtheAgreementandtakeallfurtheractionsandexecuteallother documentswhichare necessary orappropriatetocarry outtheAgreement. 3.TheCityManagerisherebyauthorizedtotakesuchfurtheractionsasmay benecessaryorappropriatetocarryouttheCity’sobligationspursuanttothisResolution andtheAgreement. 4.TheCityClerk shallcertifytotheadoption ofthisResolution. 5.ThisResolution shalltakeeffectimmediately uponadoption. 2 394\\01\\942280.2 PASSEDANDADOPTEDataregularmeetingoftheCityCounciloftheCityof Cupertinothis 15th dayofFebruary, 2011, bythefollowing vote: VoteMembers oftheCityCouncil YES: NOES: ABSENT: ABSTAINED: ATTEST:APPROVED: CityClerk,City ofCupertinoMayor,City ofCupertino 3 394\\01\\942280.2