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RES-8311 Policy Regarding Participation Eligibility in Seismic Retrofit Finance ProgramRESOLUTION NO. 8311 A RESOLUTION OF THE CITY COUNCIL APPROVING THE PHASE II SEISMIC RETROFIT PROGRAM AND RESTATING A POLICY REGARDING ELIGIBILITY FOR PARTICIPATION IN THE SEISMIC RETROFIT FINANCE PROGRAM WHEREAS, the City of Orange has idenrified 77 buildings which include unreinforced masonry construction requirnig seismic retrofit by SB 547. WHEREAS, on May 19, 1992 the Orange City Council and Redevelopment Agency Boazd of Directors approved a seismic retrofit program including the following components: 1. A policy statement outlining the City/Agency intent to protect the health and safety of the community and preserve important historic structures by implementing a seismic retrofit program. 2. An ordinance establishing development and procedural standards for the seismic retrofit of unreinforced masonry buildings. 3. Budgeted $2,000,000 of Redevelopment Funds and $40,000 of City General Funds to be used for the Seismic Retrofit of unreinforced masonry buildings. 4. Initiated the Phase I, Engineering Report Purchase Program, a one year program to complete seismic analysis, engineering design and cost estimating for the seismic retrofit of each building. WHEREAS, between May 1992 and October 1993, 55 building owners participated in and completed the Phase I, Engineering Report Purchase Program for their respecrive building (eight buildings were completed prior to May 1992). WHEREAS, since May 1992 a small number of building owners who participated in the Phase I program and have buildings located within the Redevelopment Project Area, have found it necessary to also complete the seismic retrofit construction on theu building. Some of these owners have proceeded under their own understanding that they would be eligible for participation in the Phase II Seismic Retrofit Finance Program. WHEREAS, the City Council has since May 1992 continued to discuss and refine the Phase II Seismic Retrofit Finance Program. NOW, THEREFORE, be it resolved that the Council does approve that the Phase II Seismic Retrofit Program authorizing Redevelopment funds to be used to support retrofit of those qualifying buildings within the Redevelopment Project Area. NOW, THEREFORE, it has been and continues to be the policy of the Agency Board of Directors that those building owners who have participated in the Phase I program are on the attached list of unreinforced buildings requiring retrofit by SB 547, have or will obtain a building retrofit pernut after May 19, 1992, are within the Redevelopment Project Area, and comply with all other qualifying rules, shall be eligible for full benefit from and participation in the Phase II Seismic Retrofit Finance Program. ADOPTED this ZZ c ay Of March, 1.994. GE,NE BEYER Mayor of the City of Orange ATTEST: 4 por Pro Tem City Clerk he Ci g y I hereby certify that the foregoing Resolution was duly and regulazly adopted by the City Council of the City of Orange at a regular meeting thereof held on the z2nd of March, 1994 by the following vote: AYES: COiJNCILMEMBERS: SPLtacEotv, BARRERA, COONTZ, MURP'"' NOES: COUNCIL MEMBERS: Notas ABSENT: COUNCIL MEMBERS: MAYO t sEYER City Cle ofthe o range Reso No. 8311 2-