Resolution Number 04-06-15-05RESOLUTION NO 04-06-15-0 5
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JUAN
CAPISTRANO, CALIFORNIA, APPROVING A COOPERATION AND
REPAYMENT AGREEMENT BETWEEN THE CITY OF SAN JUAN
CAPISTRANO AND THE SAN JUAN CAPISTRANO COMMUNITY
REDVELOPMENT AGENCY
WHEREAS, by Ordinance No. 488, adopted July 12, 1983, Ordinance No. 509
adopted May 15, 1984, Ordinance No. 547, adopted on July 16, 1985, and Ordinance Nos.
582-583 adopted on August 19, 1986, the City Council of the City of San Juan Capistrano
(the "City Council') approved and amended the Redevelopment Plan (the "Plan") for the
San Juan Capistrano Redevelopment Project (the "Project Area") of the San Juan
Capistrano Community Redevelopment Agency (the "Agency"); and,
WHEREAS, Section 33600 et. seq. of the California Community Redevelopment
Law authorizes the Agency to borrow money or accept financial or other assistance from
the City; and
WHEREAS, the Agency incurs administrative costs associated with the plan
activities of the Agency, including but not limited to staff time, legal, financial and other
professional services; and,
WHEREAS, the Agency incurs costs in connection with the preparation and
implementation of redevelopment plans pursuant to the Community Redevelopment Law;
and,
WHEREAS, the Agency has the inability to meet its entire obligation for the payment
of these costs.
WHEREAS, the City Council, through its annual budget process has acknowledged
the need to make General Fund Loans to the Agency to cover administrative costs; and,
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of San
Juan Capistrano does hereby
Agree that the above recitals are true and correct.
Agree that the execution and delivery of the Cooperation and Repayment
Agreement to provide this Repayment Loan is in the best interest of the
Agency and will promote public health, safety and welfare.
Approve the Cooperation and Repayment Agreement, attached hereto as
Exhibit "A". The Mayor and the City Manager are hereby authorized to
execute the Cooperation and Repayment Agreement on behalf of the City,
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together with such changes thereto as are approved by the City Manager,
execution thereof being conclusive evidence of the City's approval of such
changes.
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF SAN JUAN CAPISTRANO )
I, MARGARET R. MONAHAN, appointed City Clerk of the City of San Juan Capistrano, do
hereby certify that the foregoing Resolution No. 04-06-15-05 was duly adopted by the City
Council of the City of San Juan Capistrano at a regular meeting thereof, held the 15`" day of
June 2004, by the following vote:
AYES: COUNCIL MEMBERS: Allevato, Bathgate, Swerdlin, Hart & Mayor Soto
NOES: COUNCIL MEMBERS: None
ABSTAIN: COUNCI Sy None
M R ARET R. MONAH(/ANN, City Clerk
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