Resolution Number CRA 04-06-15-01RESOLUTION NO CRA 04-06-15-01
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SAN JUAN
CAPISTRANO COMMUNITY REDEVELOPMENT AGENCY, APPROVING A
COOPERATION AND REPAYMENT AGREEMENT BETWEEN THE SAN
JUAN CAPISTRANO COMMUNITY REDVELOPM ENT AGENCY AND THE
CITY OF SAN JUAN CAPISTRANO
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
Community Redevelopment Agency (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 San Juan
Capistrano Community Redevelopment Agency does hereby
1 Agree that the above recitals are true and correct.
2. 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.
3. Approve the Cooperation and Repayment Agreement, attached hereto as
I Exhibit "A". The Chairman and the Executive Director are hereby authorized
06-15-2004
to execute the Cooperation and Repayment Agreement on behalf of the
Agency, together with such changes thereto as are approved by the
Executive Director, execution thereof being conclusive evidence of the
Agency's approval of such changes.
PASSED, APPROVED, AND ADOPTED this 1 5th day of June 2004.
DIANE BATHGATE, CHAIRMAN
ATTEST:
M�RGJRET R. MONAHAN, SECRETARY
STATE OF CALIFORNIA
COUNTY OF ORANGE )ss.
CITY OF SAN JUAN CAPISTRANO
1, MARGARET R. MONAHAN, appointed Agency Secretary of the Community
Redevelopment Agency of the City of San Juan Capistrano, do hereby certify that the
foregoing Resolution No. CRA 04-06-15-01 was duly adopted by the Board of
Directors of the Community Redevelopment Agency at a regular meeting thereof, held
the 15 th day of June 2004, by the following vote:
AYES: DIRECTORS:
Allevato, Soto, Hart, Swerdlin, and Chairman
Bathgate
NOES DIRECTORS:
None
ABSENT: DIRliCTORS:
None
M I I--- / V �-�
R. MONAHAN, Agency Secretary
06-15-2004
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