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HomeMy WebLinkAbout22854 RESOLUTION NO, 22854 A RESOLUTION OF THE CITY OF PALM SPRINGS AUTHORIZING EXECUTION OF AN AGREEMENT WITH THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS PROVIDING FOR REIMBURSEMENT OF CERTAIN AGENCY FUNDED CAPITAL IMPROVEMENTS. A6052. WHEREAS, the Community Redevelopment Agency of the City of Palm Springs has prepared Redevelopment Plans for the Merged Project No. 1 and Merged Project No. 2 Redevelopment Projects (the "Project Areas"), which result in the allocation of taxes from the Project Areas to the Agency for purposes of redevelopment; and WHEREAS, the Agency has previously borrowed funds or otherwise by resolution agreed to reimburse the City of Palm Springs for programs and activities associated with the Project Areas; and WHEREAS, the City and the Agency desire to enter into an agreement to acknowledge the foregoing recitals and to provide for an appropriate method of reimbursement of such obligations by the Agency to the City. NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PALM SPRINGS, AS FOLLOWS: SECTION 1. The Mayor and City Clerk of the City are hereby authorized and directed to execute and attest to the Reimbursement Agreement for Payment of Costs Associate with Certain Agency Funded Capital Improvements for and in the name and on behalf of the City. The City hereby authorizes the delivery and performance of the Reimbursement Agreement for Payment of Costs Associate with Certain Agency Funded Capital Improvements pursuant to the terms thereof. PASSED, APPROVED AND ADOPTED THIS 18T" DAY OF JANUARY, 2011, BY THE CITY COUNCIL OF THE CITY OF PALM SPRINGS. - . 4 '04f4L / ^ STEPH N P. POUGNET, MAYOR ATTEST: AMES THOMPSON, CITY CLERK Resolution No. 22854 Page 2 CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, City Clerk of the City of Palm Springs, hereby certify that Resolution No. 22854 is a full, true and correct copy, and was duly adopted at a special meeting of the City Council of the City of Palm Springs on the 18t" day of January, 2011, by the following vote: AYES: Councilmember Foat, Councilmember Hutcheson, Mayor Pro Tern Weigel and Mayor Pougnet. NOES: None. ABSENT: Councilmember Mills. ABSTAIN: None. MES THOMPSON, CITY CLERK City of Palm Springs, California ©11I811Zo! 1