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RES-ORA-0241 Authorizing Execution of Public Works Cooperation AgreementRESOLUTION NO. ORA- 0241 A RESOLUTION OF THE ORANGE REDEVELOPMENT AGENCY AUTHORIZING THE EXECUTION OF A PUBLIC WORKS COOPERATION AGREEMENT WITH THE CITY OF ORANGE 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, et ~.), 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 Projects, the Agency and the City 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 ORANGE REDEVELOPMENT AGENCY DOES HEREBY Rr-<.SOL VE AS FOLLOWS: 1. The Agency 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. Agency. The Chairman is hereby authorized to execute the Agreement on behalf of the ADOPTED this 21 st day of January 1992. GENE BEYER Chairmant Orange Redevelopment Agency ATTEST:BY:krf- t- ~FRED L. BARRERA,Vice Chairman of the Orange Redevelopment Agency Clerk, Oran I hereby certify that the foregoing Resolution was duly and regularly adopted by the Orang1e Redevelopment Agency at a regular meeting thereof held on the ~ day of January t 1992 by the following vote:AYES: DIRECTORS:STEINER. BARRERA, COONTZ, SPURGEON NOES: DIRECTORS: NONE ABSENT: DIRECTORS:CHAIRMAN GENE BEYER ABSTAIN: DIRECTORS: NONE I~% ~~__Clerk, Orang ed~O nt Agency - RESO NO. ORA- 0241 mab: b: reso: "