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RES-ORA-0242 Authorizing Execution of Public Works Cooperation AgreementRESOLUTION NO. ORA- 0242 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 WHEREAS, by Ordinance No. 37-84 adopted on November 20, 1984, amended by Ordinance No. 20-86 adopted on July 15, 1986, and amended by Ordinance No. 24-88 adopted on July 12, 1988, the City Council of the City of Orange adopted and approved a certain Redevelopment Plan (the "Redevelopment Plan") for the Southwest Project Area, (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 Project, 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 installation of one storm drain, (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 exhauste--d;NOW, THEREFORE, THE ORANGE REDEVELOPMENT AGENCY DOES HEREBY RESOLVE 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 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 21st day of Januarv 1992. GENE BEYER Chairman, Orange Redevelopment Agency ATTEST:BY:A~,L~~ FRED L. BARRERA, Vice Chairman of the Orange Redevelopment Agency I hereby certify that the foregoing Resolution was duly and regularly adopted by the Orange Redevelopment Agency at a regular meeting thereof held on the ~ day of Janu.ary , 1992 by the following vote: AYES: DIRECTORS: STEINER, BARRERA, COONTZ, SPURGEON NOES: DIRECTORS: NONE ABSENT: DIRECTORS: CHAIRMAN GENE BEYER ABSTAIN: DIRECTORS: NONE RESO NO. ORA- 0242 mab:b:reso: "