HomeMy WebLinkAboutCity Council - 5439 CITY COUNCIL RESOLUTION NO. 5439
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF HUNTINGTON BEACH APPROVING OF DEFERRAL OF
RECEIPT OF CERTAIN FEES
WHEREAS, on March 7, 1983, after a duly-noticed public
hearing, the Redevelopment Agency of the City of Huntington
Beach (the "Agency" ) approved a Participation Agreement (the
"Participation Agreement" ) 'between the Agency and Huntington
Breakers, Limited (the "Participant" ) and
The parties to the Participation Agreement are
proceeding to implement the redevelopment activities provided
for in the Participation Agreement;
The Agency has determined that it will facilitate the
successful completion of the activities proposed in the
Participation Agreement and the Redevelopment Plan for the
Main-Pier Redevelopment Project if certain material is added to
the Participation Agreement; and
The Agency has approved an Amendment (the "Amendment" )
to the Participation Agreement pursuant to which the Agency
assumes the obligation to pay park and recreation fees
allocable to the development activities set forth in the
Participation Agreement and the Amendment; and
Pursuant to Section 33220 of the California Health and
Safety Code, the City of Huntington Beach is authorized to
assist the Agency in the provision of parks and otherwise in
the implementation of redevelopment of the Project Area of the
Main-Pier Redevelopment Project;
NOW, THEREFORE, the City Council of the City
Huntington Beach does resolve as follows :
Section 1. The City Council approves and authorizes
the deferral of the receipt by the City of Huntington Beach of
park and recreation fees allocable to the development
activities set forth in the Participation Agreement and the
Amendment, which fees amount to the sum of Four Hundred
1.
Twenty-Eight Thousand Dollars (W 8,000) ; the City Council
approves the payment of such amount pursuant to the terms set
forth in the "Agency Promissory Note" , which is attached
hereto, marked Attachment No. 1, and is incorporated hereby
reference.
Section 2. The City Clerk is authorized and directed
to deliver a copy of this Resolution to the Agency.
ADOPTED this 17th day of September 984.
ATTEST: APPROVED AS TO FORM:
City Clerk City Attorney? ct '�
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REVIEWED AND APPROVED: INITIA AND APPROVED:
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Cit Administrator Chi- xecutive Offi r of
the Redevelopment Agency of
the City of Huntington
Beach
2 .
ATTACHMENT NO. 1
AGENCY PROMISSORY NOTE
$428,000
FOR VALUE RECEIVED, the Redevelopment Agency of the City
of Huntington Beach (the "Agency" ) promises to pay to the order
of the City of Huntington Beach (the "City" ) the sum of Four
Hundred Twenty-Eight Thousand Dollars ($428,000) with interest
at the rate of twelve percent (12% simple per annum payable from
revenues received by the Agency pursuant to Section 33760(b) of
the California Health and Safety Code and attributable to the
Main-Pier Redevelopment Project, as such revenues are available
for repayment by the Agency in view of the redevelopment goals,
objectives, and other obligations of the Agency.
THE REDEVELOPMENT AGENCY OF
THE Y OF HU I TON BEACH
By
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ATTEST: APPROVED AS TO FORM:
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Agency Clerk Agency Counsel c^ _ A*% -R��
APPROJT D AS TO FORM: INITIATED AND APPROVED:
Special Agency Co el e e went Coordinator
REVIEWED AND APPROVED:
Ch Executive Off icer
Res. No. 5439
STATE OF CALIFORNIA )
COUNTY OF ORANGE } ss:
CITY OF HUNTINGTON BEACH )
1, ALICIA M. WENTWORTH, the duly elected, qualified City
Clerk of the City of Huntington Beach, and ex-officio Clerk of the
City Council of said City, do hereby certify that the whole number of
members of the City Council of the City of Huntington Beach is seven;
that the foregoing resolution was passed and adopted by the affirmative
vote of more than a majority of all the members of said City Council
at a regular meeting thereof held on the 17th day
of September 19 84 by the following vote:
AYES: Councilmen:
Pattinson, MacAllister, Kelly, Mandic
NOES: Councilmen
_Thomas, Finley, Bailey
ABSENT: Councilmen:
None
City Clerk and ex-officio Clerk
of the City Council of the City
of Huntington Beach, California