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RES-ORA-0422 Amending Resolution ORA-0420RESOLUTION NO. ORA- 0422 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE ORANGE REDEVELOPMENT AGENCY AMENDING RESOLUTION NO. ORA- 0420 AND RATIFYING THE EXECUTION OF A COOPERATION AND REIMBURSEMENT AGREEMENT BY AND BETWEEN THE CITY OF ORANGE AND THE ORANGE REDEVELOPMENT AGENCY FOR THE CONSTRUCTION OF PUBLIC IMPROVEMENTS WIDENING OF WEST CHAPMAN AVENUE BETWEEN THE ORANGE FREEWAY (SR57) AND MAIN STREET WHEREAS, on February 25, 2003, this Board of Directors adopted Resolution No.ORA-0~.20 (the Prior Resolution) approving the execution and delivery of that certain Cooperation and Reimbursement Agreement By and Between the City of Orange and the Orange Redevelopment Agency for the Construction of Public Improvements of Benefit to the Oratlge Merged and Amended Redevelopment Project Area ( West Chapman Avenue Widening) (herein referred to as the Agreement) and making certain findings in connection therewith; and WHEREAS, while the Agreement and the agenda report presented to this Board of Directors in support of the recommendation that the Board of Directors of the Orange Redevelopment Agency (the Agency) approve the Agreement authorized the Agency to reimburse the City of Orange for the Agency's share of the costs ofthe Public Improvements as defined in the Agreement) in the not-to-exceed amount of $ 821,036.88, the Executive Director of the Agency has determined that the Prior Resolution is not consistent with the intent of this Board of Directors and contains a mistake in that it identifies a different not-to-exceed amount; and WHEREAS, thi, Board of Directors now desires to correct the mistake set forth in the Prior Resolution and to ratify the execution and delivery of the Agreement.NOW, THEREFORE, THE BOARD OF DIRECTORS OF THE ORANGE REDEVELOPMENT AGENCY DOES HEREBY RESOLVE AS FOLLOWS:Section 1. Amendment of Prior Resolution. Resolution No. ORA-0420 is hereby amended to provide that the not-to-exceed amount set forth in that Prior Resolution (i.e., the amount that the Agency will reimburse the City for the Agency's share of the costs of the Public Improvements) shall be as set forth in the Agreement; to wit, the sum of$ Section 2. Ratification of Prior Resolution. The provisions of the Prior Resolution, except to the extent inconsistent with the provisions of this Resolution, are hereby ratified and eonfirmed. Section 3. Ratification of Execution of Agreement. The execution of the Agreement by the Chairman, and the attestation of the Chairman's signature by the Agency Clerk, for and on behalf of the Agency, are hereby ratified. ADOPTED this 13th day of May, 2003. ATTEST: I~~~,~:IJ~ 44'~~~ :r~c"U:Z-- Cassandra J. Cathc , Clerk I, CASSANDRA J. CATHCART, Clerk, of the Orange Redevelopment Agency, Orange, California, do hereby certify that the foregoing Resolution was duly and regularly adopted by the Orange Redevelopment Agency at a regular meeting thereof held on the 13th day of May, 2003 by the following vote: AYES: NOES: ABSENT: ABSTAIN: DIRECTORS: Ambriz, Alvarez, Murphy, Coontz, Cavecche DIRECTORS: None DIRECTORS: None DIRECTORS: None r:;~<t ~J"-tf:cI ~h-?T-- Cassandra J. Cathc lerk 2