HomeMy WebLinkAboutA2308B - RIVERSIDE COUNTY SUPERINTENDENT SCHOOLS PA8 TAX INCREMENT PASSTHRU Riverside Cnty passthru agr
AGREEMENT FOR COOPERATION btwn Cnty & City for Baristo
BETWEEN Farrell Redev Proj, PA#8
THE COUNTY OF RIVERSIDE AGREEMENT #152
AND Resolutions 421/15855,4-16-86
THE CITY OF PALM SPRINGS Riv. County - PAS Pass-thru
AND City Co-signer
COMMUNITY REDEVELOPMENT AGENCY AGREEMENT 823O8B
OF THE CITY OF PALM SPRINGS R15855, 4-16-86
THIS AGREEMENT is entered into on the . day of April , 1986 by and between
the County of Riverside (the "County") and the City of Palm Springs (the
"City") and the Community Redevelopment Agency of the City of Palm Springs
( the "Agency" ).
RECITALS
WHEREAS, the City and Agency propose to undertake certain redevelopment
activities in the Baristo-Farrell Redevelopment Project Area pursuant to the
Community Redevelopment Law, in the interests of the health, safety, and
general welfare of the people of the City of Palm Springs.
WHEREAS, the Community Redevelopment Law authorizes redevelopment agencies to
provide that any taxing agency with territory located within a project area,
other than the community which has adopted the project, may receive an amount
of money which in the Agency's determination is appropriate to alleviate any
financial burden or detriment caused to any taxing agency by a redevelopment
project;
WHEREAS, County is an affected taxing entity which has general purpose and
special bonded indebtedness ad valorem property taxes levied on its behalf on
all of the property located in the Project Area in Fiscal Year 1985-86; APR 15 1986
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