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RES-7936 Authorizing Execution of Public Works Cooperation AgreementRFSOLUTION NO. 7936 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ORANGE AUTHORIZING THE EXECUTION OF A PUBLIC WORKS COOPERATION AGREEMENT WITH THE ORANGE REDEVELOPMENT AGENCY RELATING TO PUBLIC IMPROVEMENTS (SANTA FE DEPOT SPECIFIC PLAN - NORTHWEST FUNDING)WHEREAS, by Ordinance No. 22-88 adopted on June 28, 1988, the City Council of the City of Orange adopted and approved a certain Redevelopment Plan (the "Redevelopment Plan") for the Northwest Project, (the "Project"); and WHEREAS, pursuant to the Community Redevelopment Law of the State of California Health and Safety Code Section 33000, i1 ~.), the Orange Redevelopment Agency (the Agency") is carrying out the Redevelopment Plan for the Project in the redevelopment area the "Project Area"); and WHEREAS, in furtherance of the Project, the City and the Agency desire to enter into a Cooperation Agreement in the form attached hereto (the" Agreement") pursuant to which the City will cause to be the preparation of a Specific Plan for the Santa Fe Depot, (the Improvements") as described in Exhibit A attached to said Agreement, and the Agency will pay the City for certain costs of such Improvements as more particularly set forth in the Agreement and in accordance with that certain Cooperation Agreement dated August 18, 1983, between the City and the Agency, by periodic payments over a period of years; and WHEREAS, the Improvements are of benefit to the Project Area in that they will enhance the area and contribute to the elimination of blight throughout the Project Area, and in the immediate neighborhoods in which the Project Area is located; and WHEREAS, no other reasonable means of financing such Improvements are available to the community in that the cost of the Improvements exceeds the financial ability of the City to pay, no private sources of funding are available, and all state and federal grant alternatives have been exhausted; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ORANGE DOES HEREBY RESOLVE AS FOLLOWS: 1. The City hereby determines that the Improvements are of benefit to the Project Area and the immediate neighborhoods in which the Project Area is located and that no other reasonable means of financing such Improvements are available to the community except as provided in the Agreement, and hereby consents to the undertaking of the Improvements in accordance with the Agreement. The determination that the Improvements will benefit the Project Area is based upon the fact that the Improvements will assist in providing substantial circulation, safety and appearance improvements which will enhance growth in the entire Project Area. 2. The Mayor is hereby authorized to execute the Agreement on behalf of the City. ADOPTED this 21 st day of January 1992. GENE BEYER Mayor, City of Orange Clerk, C' of gp BY: FR D L, BARRERA, MAYOR PRO TEM ATTEST: I hereby certify that the foregoing Resolution was duly and regularly adopted by the City Council of the City of Orange at a regular meeting thereof held on the ~ day of January , 1992 by the following vote: AYES: COUNCIL MEMBERS: STEINER, BARRERA, COONTZ, SPURGEON NOES: COUNCIL MEMBERS: NONE ABSENT: COUNCIL MEMBERS: MAYOR BEYER ABSTAIN: COUNCIL MEMBERS: NONE RESO NO, 7936 mab:b:reso: "santafe"