HomeMy WebLinkAboutA3393 - PA10 TAX INCREMENT REVENUE R18415 CRA R935 A337 Riverside Cc Supt of Schools
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re Tax Increment Revenue
AGREEMENT #3393 (CRA A337;
R18415, 6-15-94 R935
SETTLEMENT AND COOPERATION AGREEN.._,... --
d
THIS SETTLEMENT AND COOPERATION AGREEMENT ("Agreement") is
made and entered into as of the 29th day of December, 1993 ("Effective Date"), by and between
THE CITY OF PALM SPRINGS ("City"), THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF PALM SPRINGS ("Agency"), and THE RIVERSIDE COUNTY
SUPERINTENDENT OF SCHOOLS ("Superintendent").
RECITALS
A. By Ordinance No. 1388, dated July 19, 1991, the City Council of the City, upon
recommendation of the Agency, adopted the Redevelopment Plan for the Canyon Redevelopment
Project Area ("Plan" or "Project Area" as appropriate) in accordance with the provisions of the
California Community Redevelopment Law ("CRL") (Health & Safety Code Section 33000, et
seq.)-
B. Superintendent is an affected taxing entity, as defined in Section 33353.2 of the
Health and Safety Code, and levies ad valorem property taxes on real property within the Project
Area.
C. Agency, City, and Superintendent have determined that it is appropriate to
alleviate any financial burden or detriment caused to Superintendent by the Plan.
D. City, Agency, and Superintendent desire to resolve and settle, once and for all
times, all past, present, or future claims, disputes, or causes of action, both real and potential,
arising against Agency and City in relationship to the Plan. c
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IN WITNESS WHEREOF, Agency, City, and Superintendent have entered into this
Agreement as of the Effective Date.
"Agency"
COMMUNITY REDEVELOPMENT AGENCY OF
THE CITY OF PALM'� SPRINGS
By:
By: ll�
air an
ATTEST:
By: APPROVED BY THE COMMUNITY REDEV.
istant Secretary AGENCY BY RES. No 2 � S � i � c
�- n - y
APPROVED AS TO FORM: -3.3 3C-
By:
Agenc unsel
"CITY'
CITY OF P LM SPRINGS
By: ct/
ayor
ATTEST:
By: APPROVED BY THE CITY COUNCIL
C y Clerk BY RES. NO. I ry/ i 6 -! =S r/
APPROVED AS TO FORM:
By:
City tt rney
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i
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"Superintendent"
THE RIVERSIDE COUNTY SUPERINTENDENT
OF SCHOOLS
By:
erry rr
Assistant Superintendent, Business Services
ATTEST:
By:
Secretary
APPROVED AS TO FORM:
By: --�y
Superintendent Counsel
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