HomeMy WebLinkAbout17084 - RESOLUTIONS - 4/4/1990 RESOLUTION NO. 17084
OF THE CITY COUNCIL OF THE CITY OF
PALM SPRINGS, CALIFORNIA, APPROVING
THE COOPERATIVE AGREEMENT WITH THE
COACHELLA VALLEY COMMUNITY COLLEGE
DISTRICT REGARDING THE DISPOSITION
OF TAX INCREMENT REVENUE FROM THE
REDEVELOPMENT PROJECT AREA #9.
WHEREAS the City and Agency propose to undertake certain redevelopment
activities in the Redevelopment Project Area #9 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; and
WHEREAS the Community Redevelopment Law authorizes redevelopment agencies _
to provide that any taxing agencies 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; and
WHEREAS the parties wish to enter into a cooperative agreement to provide
mutual aid and assistance in the redevelopment of the Redevelopment Project
Area #9 and to alleviate any financial burden or detriment caused to the
District by such redevelopment activities; and
WHEREAS the City and Agency have found and determined that it: would be
appropriate to alleviate any financial burden or detriment caused to the
District by the redevelopment activities by providing that the District
shall receive a portion of the tax revenues generated within the Redevelopment
Project Area #9:
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Palm Springs
as follows:
Section 1. Enter into Agreement. The City Manager -is hereby directed to
enter into agreement with the Coachella Valley Community College
District and the Community Redevelopment Agency of' the City
of Palm Springs , as on file in the office of the City Clerk,
for the allocation of tax increment from the Redevelopment Project
Area #9, incorporating the terms set forth below.
Section 2. Cooperation. The City will cooperate in the implementation
of the Agreement provided that the City shell incur no financial
obligations by virtue of the provisions or agreement.
ADOPTED this 4th _ day of _ SRriL- 1990.
AYES: Councilmembers Apfelbaum, Broich, Foster, Nee'I and Mayor Bono
NOES: None
ABSENT: None
ATTEST: CITY OF PALM SPRINGS, CALIFORNIA
By��— -
-City Clerk City Manager
REVIEWED AND APPROVED /