HomeMy WebLinkAboutCity Council - 97-73 RESOLUTION NO. 97-73
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF HUNTINGTON BEACH ADOPTING AN
OPERATIVE AGREEMENT BETWEEN
THE CITY OF HUNTINGTON BEACH AND
THE REDEVELOPMENT AGENCY OF
THE CITY OF HUNTINGTON BEACH
FOR THE HUNTINGTON BEACH REDEVELOPMENT PROJECT AREA
WHEREAS,the City Council of the City of Huntington Beach(the "City Council") adopted
Ordinance No. 2576 on September 20, 1982 approving and adopting the Redevelopment Plan for the
Yorktown-Lake Redevelopment Project; and
The City Council adopted Ordinance No. 2577 on September 20, 1982 approving and adopting the
Redevelopment Plan for the Talbert-Beach Redevelopment Project; and
The City Council adopted Ordinance No. 2578 on September 20, 1982 approving and adopting the
Redevelopment Plan for the Main-Pier Redevelopment Project, and thereafter on September 6, 1983 by
Ordinance No. 2634 amended the Redevelopment Plan for the Main-Pier Project;and
The City Council adopted Ordinance No. 2582 on November 1, 1982 approving and adopting the
Redevelopment Plan for the Oakview Redevelopment Project, and thereafter on July 5, 1989 by
Ordinance No. 3002 amended the Redevelopment Plan for the Oakview Project; and
The City Council adopted Ordinance No. 2743 on November 26, 1984 approving and adopting the
Redevelopment Plan for the Huntington Center Commercial District Redevelopment Project; and
The City and the Redevelopment Agency of the City of Huntington Beach(the "Agency") entered
into a Cooperative Agreement, dated June 20, 1983, by which the City agreed to provide to the Agency
certain assistance and to otherwise cooperate with the Agency in carrying out redevelopment projects; and
1
SF:PCD:ResoEut:Debt-924
9/25/97-9 1
Pursuant to the Cooperative Agreement,the City Council and Agency entered into Operative
Agreements for the Yorktown-Lake, Talbert-Beach, Main-Pier, Oakview and Huntington Center
Redevelopment Projects (the "Constituent Projects"), by which the City provided the Agency with both
administrative and/or technical services, constructed required public improvements and facilities as
appropriate and necessary, and provided funds to carry out the Constituent Projects; and
Said Operative Agreements also identified the terms under which the City was to be reimbursed
for the associated costs of such services, improvements, facilities and funds; and
The City Council adopted Ordinance No. 3343 on December 16, 1996 amending and merging the
Constituent Projects into the Redevelopment Plan for the Huntington Beach Redevelopment Project(the
"Huntington Beach Redevelopment Project"); and
It is now necessary and appropriate that the City Council and the Agency enter into a new
Operative Agreement pursuant to the Cooperative Agreement,which will supersede the Operative
Agreements for the Constituents Projects and will apply to the Huntington Beach Redevelopment Project;
NOW, THEREFORE, the City Council of the City of Huntington Beach does resolve as follows:
Section L. That the Operative Agreement between the City of Huntington Beach and the
Redevelopment Agency for the implementation of the Huntington Beach Redevelopment Project,
attached hereto as "Attachment A," is approved.
Section2.. That pursuant to the Operative Agreements for the Constituent Projects,the City
provided financial assistance to the Agency, resulting in the following Agency debt to the City, which is
to be carried forward to the Operative Agreement for the Huntington Beach Redevelopment Project:
2
SF:PCD:Resolut:Debt-924
9W/97-41
Huntington
Beach Project
Main Pier Talbert Beach Oakview Yorktown Lake Huntington Center Area#1 Total
Operative $ 77,086,267 $ 3,512,706 $ 2,500,479 $ 1,461,193 $ 4,994,991 $ $ 89,555,637
Agreement
Debt at
Oct. 1, 1996
Merger of (77,086,267) (3,512,706) (2,500,479) (1,461,193) (4,994,991) 89,555,637
Project Areas
Operative $ 0 $ 0 $ 0 $ 0 $ 0 $89,555,637 $ 89,555,637
Agreement
Debt at
June 30, 1997
Accrued Interest 1011/96 to 6130197 1,232,823 1,232,823
Accrued Interest 7/1/97 to 9/30/97 410,941 410,941
Budgeted Repayments of Debt (1,100,000) (1,100,000)
Other Reductions of Debt (4,902,500) (4,902,500)
Operative Agreement Debt at 9/30/97 $85.196,902 S85,196.902
Section 3 That the Amendments to Operative Agreements for the Constituent Projects, which are
attached to the Operative Agreement for the Huntington Beach Redevelopment Project, are approved. Said
amendments establish,as of the merger of the project areas, the Agency debt to the City in exchange for the
financial assistance the City provided to the Agency for the Constituent Projects. Said Amendments fitrther
provide for the termination of the Operative Agreements,and the carrying forward of the Agency debt from the
Operative Agreements for the Constituent Projects to the Operative Agreement for the Huntington Beach
Redevelopment Project.
3
SF:PCD_Reso1ut0ebt-924
9M/97-41
Section 4. The Mayor and the City Clerk are hereby authorized and directed to execute the agreements
approved hereby.
PASSED AND ADOPTED by the City Council of the City of Huntington Beach at a regular meeting thereo
held on the 20th day of _ _ October , 1997.
Ma or
ATTEST: APPROVED AS TO FORM:
City ClerkCi}�ty tto/yrn�e}y
✓� 7
REVIEWED AND APPROVED: ITIA AN ,°` OVED:
City Administrator De u y City, , ' 'stratorl
Director of Adihinistrative Seices
t
4
SE PCD-Resolut.Debt-924
9125/97-#1
Res. No. 97-73
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss:
CITY OF HUNTINGTON BEACH )
I, CONNIE BROCKWAY,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 at least a majority of all the members of said City Council
at an regular meeting thereof held on the 20th day of October, 1997 by the
following vote:
AYES: Julien, Harman, Dettloff, Bauer, Sullivan, Green, Garofalo
NOES: None
ABSENT: None
s
�G
City Clerk and ex-officio Clerk of the
City Council of the City of Huntington
Beach, California
G/resolutUresbkpg/97-39