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HomeMy WebLinkAboutRedevelopment Agency - 61 I RESOLUTION NO. bl RESOLUTION OF THE HUNTINGTON BEACH REDEVELOPMENT AGENCY DETERMINING THAT THE CONSTRUCTION OF CERTAIN OFF-SITE PUBLIC IMPROVEMENTS IN CONNECTION WITH THE DEVELOPMENT OF THE RESIDENTIAL CONDOMINIUM PROJECT PURSUANT TO A PARTICIPATION AGREEMENT BY AND BETWEEN THE HUNTINGTON BEACH REDEVELOPMENT AGENCY AND COLLINS/ZWEIBEL DEVELOPMENT IS OF BENEFIT TO THE TALBERT-BEACH REDEVELOPMENT PROJECT AND THE IMMEDIATE NEIGHBORHOOD IN WHICH THE PROJECT IS LOCATED; DETERMINING THAT THERE ARE NO OTHER REASONABLE MEANS OF FINANCING SAID IMPROVEMENTS; AND AUTHORIZING THE DRAFTING AND DELIVERY OF A REIMBURSEMENT AGREEMENT WHEREAS, the Huntington Beach Redevelopment Agency ("Agency") is authorized to carry out the redevelopment of the Talbert-Beach Redevelopment Project Area (the "Project Area"); and WHEREAS, the Redevelopment Plan for the Project Area authorizes the Agency to pay all or part of the value of the demolition and clearance of property in preparation for the construction of public improvements thereon as well as the construction of said public improvements; and WHEREAS, the Agency has entered into that certain Participation Agreement ("Agreement") with Collins/Zweibel Development (the "Participant") which calls for the Agency to construct certain off-site public improvements in conjunction with the development of a residential condominium project and which will require that the Agency contract for the construction of said off-site improvements which will be financed from tax increment generated by the development of the Talbert-Beach Redevelopment Project; and WHEREAS, California Health and Safety Code Section 33445 provides that an Agency may, with the consent of the legislative body, pay all or part of the value of public buildings, facilities, structures or other improvements upon a finding that such public improvements are of benefit to the Project Area or the immediate neighborhood in which the project is located and that, there is no other reasonable means of financing such public improvements available to the community. NOW, THEREFORE, the Huntington Beach Redevelopment Agency does hereby resolve as follows: Section 1: The Redevelopment Agency hereby determines that the acquisition for and construction and installation of certain off-site public improvements, more particularly described in the Agreement, by the Agency will be of benefit to the Project Area and the surrounding neighborhood in which the project is located. Section 2: The Redevelopment Agency further determines that no other reasonable means of financing the acquisition for and construction and installation of said off-site public improvements is available. I Section 3: The Redevelopment Agency hereby authorizes the Chief Executive Officer to draft and deliver to the Agency a cooperative agreement which will -provide that the City of Huntington Beach undertake the necessary tasks required to provide the acquisition for and public improvements required under the terms of the Agreement, and that requires that the City be reimbursed for part or all of its expenses as future Agency funding permits. PASSED AND APPROVED this 20th day of December 1982. ATTEST: Agency Clerk Chairman APPROVED AS TO FORM: APPROVED AS TO FORM AND CONTENT: Le al Counsel STR6KING,iVAUA, CARLSON, RAUTH Spe ia velopment Counsel r - INITIATED AND APPROVED AS TO CONTENT: Director, Business and Industrial Enterprise APPROVED: Chief Executive Officer Res. No. 61 STATE OF CALIFORNIA ) COUNTY OF ORANGE ) CITY OF HUNTINGTON BEACH) I , ALICIA M. WENTWORTH, Secretary of the Redevelopment Agency of the City of Huntington Beach, California, DO HEREBY CERTIFY that the foregoing resolution was duly adopted by the Redevelopment Agency of the City of Huntington Beach at a meeting of said Redevelopment Agency held on the 20th day of December'20 19 82 and that it was so adopted by the following vote: AYES Members: Pattinson, MacAllister, Mandic, Finley, Bailey, Kelly NOES: Members: Thomas ABSENT: Members : None Secretary of the Redevelopment Agency of the City of Huntington Beach, Ca.