HomeMy WebLinkAboutRDA RES 002REDEVELOPMENT AGENCY RESOLUTION NO. 2
AUTHORIZING THE EXECUTIVE DIRECTOR OF THE RDA TO SIGN AN AGREEMENT FOR
COOPERATION BETWEEN THE RDA AND THE CITY OF PALM DESERT
WIIEREAS, the Palm 'desert Redevelopment Agency has been
established within the City of Palm Desert, California, pursuant
to the provisions of the California Community Redevelopment Law;
and
WHEREAS, the Agency and the City of Palm desert desire to
enter into an agreement to establish a relationship for exercising
their respective powers and functions in the planning, financing,
and carrying out of redevelopment activities.
N0W, THEREFORE, BE IT RESOLVED by the Palm Desert
Redevelopment Agency as follows:
•
Section 1. That the Executive Director of the Agency is
hereby authorized to sign that certain AGREEMENT FOR COOPERA_IO::
BETWEEN THE CITY OF PALM DESERT and the PAL DESERT REDE .'FLOP: E:;T
AGENCY heretofore presented to the Agency, attached hereto as
Exhibit "A".
PASSED, APPROVED and ADOPTED this 5th day of December,
1974, by the following vote:
AYES: Aston; Benson; Brush; McPherson; Clark
NOES: None
ABSENT: None
ATTEST:
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RES. NO. 2
AGREEMI:iFT FOR COOPERATION
BETWEEN TILE CITY Or I'ALl1 DESERT AND
THE PALt1 DESi.RT REDEVELOP, IEt1T AGENCY
TIIIS AGREE:TENT is entered into this 5th day of December,
1974, by and between the City of Palm Desert, California
("City") and the Palm Desert Redevelopment Agency ("Agency") .
City and Agency agree as follows:
Section 1. Pursuant to Ordinance No. 53 of the City
of Palm Desert the Palm desert Redevelopment Agency has been
established within the City under authority of the California
Community Redevelopment Law.
Section 2. City and Agency have a common interest in
and wish to facilitate redevelopment within the City and to
provide for the cooperation of City and Agency in carrying 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 pursuant to the California Community Redevelopment
Law 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 Community Redevelopment
Agency administrative fund with money appropriated to that
fund 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.
Agency agrees to reimburse the City for services rendered
the Agency and for costs incurred by the City on behalf of the
Agency, which amounts may include the payment of a part of the
salaries of City officers and employees, where such officer
and employees perform services for the Agency. No officer or
RES. NO. 2
employee of the City shall be entitled to extra compensation
for work performed for the Agency unless such compensation is
authorized by the City Council of Palm Desert.
All sums paid by the City from the Community Redevelopment
Agency Administrative Fund, shall be deemed loans to the Agency,
to be repaid to the City at such times as funds become available
to the Agency for repayment. Any such sums advanced as loans
shall bear interest at the rate of 8% 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 incurred by it, have been satisfied,
and the repayment obligation of the Agency may be made subordinate
to any interim or permanent financing of the Agency.
Section 7. The City may also establish a Redevelopment
Revolving 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 within City
in accordance with applicable state and federal law.
IN WITNESS WHEREOF, the parties have executed this
Agreement on the date first above written.
PALM DEStRT REDEVEL rNT A ENCY
ATTEST:
By:
2
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RES. NO. 2