HomeMy WebLinkAboutCC RES 74-105RESOLUTION NO. 74-105
A RESO UTIC V 0 TNE C?TY COU" CIL CF THE CIT`i
OF P 1LM DFSEi:T ;'i r10VI' G nOPE"..4TPIE AGREE EiJT
BET4JEEN TIiE C I7'f OF P Li 1 DtSER7 Ai D THE
REDEVELOPi ci ;T AGri•JCY OF THE CITY QF FALi+I DCSERT
TH CITY COU';CIL OF TfIE CITY OF Pf LM DESEnT HERE6Y RESOL'JES
AS FOLLOL;S :
Section 1. The proposed Agr ement bztween the City
of Pa]m Deszrt nd the Redeve]opr; nt A ency of the City of Palm
Desert, California, attached hereto as Exfiibit "A", is hereby
approved ard the Mayor is hereby authorized and directed to
execute the same on behalf of tf e City.
PASSED, P,PPROVED ANO ADOPTED THIS 5 day of December
1974, by the following vote:
AYES: Aston; Benson; Brush; McPherson; Clark
NOES: None
ABSENT: P1one
ATTEST:
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' ARVEY L. f1URLbL,ci; IT f C1tR C
CITY OF PALi I DESERT, CALIFORNIA
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RES. rTO. 74-1 5
A�REEMEyT FOR CUOPERATIOt��
BETl�1EEN THE CITY OF PALM DESERT AN�
TNE PALM DESERT REDEVELOPMENT AGENCY
THIS AGREE�tE��T is entered ir.to this 5 day of December
1974, by and bet►��een the City of Palm Desert, California ("City")
and the Palm Desert Redevelopment Agency S"Agency").
City and Agency agre� as follou�rs:
Section i. Pursuant to Ordinance No. 53 of the City
of Pa�m Desert the Palm Desert Redevelopment Agency has been established
within the City under authority of the California Community Redevelopnent
Law.
Section 2. City and Agency have a common interest in and
wish to facilitate redevelopment within the City and to p;ovide for
the cooperation of City and Agency in carryi�g out redevelopment activities.
Section 3. Agency shall have access to the services and
facilities of the City and City staff. The City's Planning Commission
shall also cooperate with the Agency in providing for redevelopment
activities within the City.
Section 4. The Agency shall have all powers provided
to the Agency purusant to the California Community Redevelopment La��r
or Ordinances and Resolutions of the City.
Section 5. Agency shall supply to City such information
and reports as from time to time the City may require.
Section 6. City will establish a Corrmunity Redevelopment
Agency administrative fund with money appropriated to that rund to be
paid to the Agency as a loan to be repaid upon the terms and conditions
as may be established by the City Council of City.
A�ency ayrees to reimburse thc City for servir_es
rendered the Agency and for costs incurred Ey the City on beha�f
of the Agency, which amounis n;ay include the payment of a part
of the salaries of City officers ana employees, where sucti
officers and employees perfor�� services or the Agency. P�o officer
or employee of the City shall be entitled�to extra compensation
for alork performed for the Agency un]ess such compensation is
authorized by the City Council of Palm Desert.
All sums paid by the City from the Community
RedeveTopmer.t Agency Administrat�i�;e Fund, shall be deemed loans
to the Agency, to be repaid to the City at sucn times as funds
become available to the Ag�ncy for repayment. Any such sums
advanced as loans shall bear interest at the rate of eight percent
(8p) per• annum from the date of payment by the City. Repayment of
such loans need not be made by the Agency until all other debts
or obligations of the Agency which may hereafter be incu�red by
it, have been satisfied, and the repayment obligatfon of the Agency
may be made subordinate to any interim or permanent financing of
the Agency.
Section 7. The City may also establish a Redevelop-
ment Revoiving Fund as authorized by the Community Redevelopment
Law.
Section 8. City will assist Agency in the planning,
financing, acquisition, construction and maintenance or operation
of redevelopment activities undertaken by the Agency ►vithin City
in accordance with applicable state and federal law.
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IN WITNESS WHEREOF, the parties have executed this
Agreement on the date first above written.
CITY OF�PAL�1 DESERT
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BY=
ATTEST:
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HARYEY I.."rURLEur2i, CIT'( CL�RK
CITY 0� PAL�'� DESE►�T, CALIFORNIA
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