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RES-8027 Authorizing Execution of Cooperative Agreement with Redevelopment AgencyRESOLUTION NO.8027 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ORANGE AUTHORIZING THE EXECUTION OF A COOPERATIVE AGREEMENT WITH THE ORANGE REDEVELOPMENT AGENCY RELATING TO PUBLIC IMPROVEMENTS. - ORNAMENTAL STREET LIGHTING ON GLASSELL ST. FROM CULVER AVE. TO LA VETA AVE.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, ~ ~.), 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 Cooperative Agreement in the form attached hereto ( the "Agreement")pursuant to which the City will cause street IiaMs to be installed on Glassell St.between Culver Ave. and LaVeta Ave., (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 Cooperative 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 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 Council. ADOPTED this 9 th day of June , 1992. ATTEST: Ity of Orange 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 9 th day of June , 1992, by the following vote: AYES:COUNCILMEMBERS: BARRERA, BEYER, COONTZ, SPURGEON, STEINER COUNCILMEMBERS: NONE COUNCILMEMBERS: NONE COUNCILMEMBERS: NONE NOES: ABSENT: ABSTAIN: 9n~~~ ~'~ -i;o~~ City Clerk 0 he C' of range RESO NO. 8027 EXHIBIT "A" IMPROVEMENTS The project involves the installation of street lights on Glassell Street between Culver Ave. and LaVeta Ave. Project cost not to exceed 50,000. FILE NAME: BENEAT RESO 8027