HomeMy WebLinkAbout02788A - PSUSD PA9 TAX INCREMENT PASSTHRU / er+ .dn emen u
AGREEMENT #223
R658, 11-1-89
AGREEMENT FOR COOPERATION BETWEEN PSUSD - PA9 TX Incr P
THE PALM SPRINGS UNIFIED SCHOOL DISTR City co-signed
THE COMMUNITY REDEVELOPMENT AGENCY OF AGREEMENT #2788A
CITY OF PALM SPRINGS , AND THE Motion 11-1-89
CITY OF PALM SPRINGS
1 . PARTIES AND DATE
1 .1 THIS AGREEMENT ENTERED INTO IN THE CITY OF PALM
SPRINGS , COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, THIS /a,7' DAY
OF �d wr .�✓ , 1989 BETWEEN THE PALM SPRINGS UNIFIED SCHOOL DISTRICT,
A PUBLIC AGENCY (DISTRICT) , AND THE COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF PALM SPRINGS , A PUBLIC BODY ( AGENCY ) AND THE CITY OF
jPALM SPRINGS , A MUNICIPAL CORPORATION (CITY ) .
2. RECITALS
2 . 1 WHEREAS AGENCY IS PROPOSING TO UNDERTAKE A PROGRAM
UNDER THE CALIFORNIA COMMUNITY REDEVELOPMENT LAW (HEALTH AND SAFETY
CODE SECTION 33000 ET SEQ) KNOWN AS REDEVELOPMENT PROJECT AREA # 9
(PROJECT) FOR THE REDEVELOPMENT, DEVELOPMENT, REPLANNING AND
REDESIGN OF BLIGHTED AREAS WITHIN THE CITY.
2 . 2 WHEREAS THE DISTRICT IS IN RECEIPT OF ORDINANCE NO.
1321 ADOPTED BY THE CITY COUNCIL OF THE CITY OF PALM SPRINGS,
CALIFORNIA, ON DECEMBER 29 , 1988 AUTHORIZING THE REDEVELOPMENT OF AN
AREA WITHIN THE TERRITORIAL LIMITS OF THE CITY OF PALM SPRINGS BY
THE REDEVELOPMENT AGENCY FOR THE CITY OF PALM SPRINGS.
2. 3 WHEREAS AS DEFINED IN SECTION 33353. 2, THE DISTRICT
n; IS AN AFFECTED TAXING ENTITY WHICH HAD BONDED INDEBTEDNESS AND
GENERAL PURPOSE PROPERTY TAXES LEVIED ON ITS BEHALF BY THE. COUNTY
OF RIVERSIDE ON ALL OF THE PROPERTY LOCATED IN THE PROPOSED
REDEVELOPMENT PROJECT AREA IN FISCAL YEAR 1988-89.
2. 4 WHEREAS THE CALIFORNIA COMMUNITY REDEVELOPMENT LAW
AUTHORIZED REDEVELOPMENT AGENCIES TO PAY TO ANY TAXING AGENCY WITH
TERRITORY LOCATED WITHIN A PROJECT AREA OTHER THAN THE COMMUNITY
WHICH HAS ADOPTED THE PROJECT, ANY AMOUNTS OF MONEY WHICH IN THE
AGENCY DETERMINATION IS APPROPRIATE TO ALLEVIATE ANY FINANCIAL
BURDEN OR DETRIMENT CAUSED TO ANY TAXING AGENCY BY A REDEVELOPMENT
PROJECT.
2 . 5 WHEREAS DISTRICT AND AGENCY RECOGNIZE THE NEED TO
Y PROVIDE ADEQUATE PUBLIC SCHOOL FACILITIES TO SERVE THE PROJECT OR
,. :
THE IMMEDIATE NEIGHBORHOOD IN WHICH THE PROJECT IS LOCATED IN ORDER
is
TO ASSIST IN ELIMINATING BLIGHTING CONDITIONS AND HAVE DETERMINED
THAT SUCH FACILITIES , BOTH IN AND OUT OF THE PROJECT AREA, ARE OF
PRIMARY BENEFIT TO THE: PROJECT AREA OR THE IMMEDIATE NEIGHBORHOOD
IN WHICH THE PROJECT I:S LOCATED AND THAT REDEVELOPMENT FINANCING IS
THE ONLY MEANS OF FINANCING ALL OR A PORTION OF THE REHABILITATION,
` CONSTRUCTION, AND RECONSTRUCTION OF SUCH PUBLIC SCHOOL FACILITIES
IN CONJUNCTION WITH OTHER AVAILABLE DISTRICT FINANCING.
— 2 . 6 DISTRICT HAS SUBMITTED OBJECTIONS AND HAS
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