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RES-ORA-0463 Cooperation & Reimbursement Agreement Traffic Signal Installation Manchester Ave. Compton Ave.RESOLUTION NO. ORA- 0463 A RESOLUTION OF THE ORANGE REDEVELOPMENT AGENCY APPROVING AND AUTHORIZING THE EXECUTION OF A COOPERATION AND REIMBURSEMENT AGREEMENT BY AND BETWEEN THE CITY OF ORANGE AND THE ORANGE REDEVELOPMENT AGENCY FOR A TRAFFIC SIGNAL INSTALLATION AT MANCHESTER AVENUE AND COMPTON AVENUE WITHIN THE ORANGE MERGED AND AMENDED REDEVELOPMENT PROJECT AREA.WHEREAS, the Orange Redevelopment Agency, a public body, corporate and politic the Agency), has been duly created, established and authorized to transact business and exercise its powers under and pursuant to the Community Redevelopment Law (commencing with Section 33000 of the Health and Safety Code of the State of California and herein referred to as the Redevelopment Law); and WHEREAS, the City of Orange (the City) is a municipal corporation, which exercises governmental functions and powers and is organized and existing under the laws of the State of California; and WHEREAS, the Amended and Restated Redevelopment Plan (the Redevelopment Plan) for the Orange Merged and Amended Redevelopment Project Area ( the Redevelopment Project Area) was duly approved by the City Council on November 13, 2001 by Ordinance No. 21-01, pursuant to the Redevelopment Law; and WHEREAS, pursuant to the Redevelopment Law, the Agency is engaged in activities necessary to carry out and implement the Redevelopment Plan for the Redevelopment Project Area; and WHEREAS, the City desires to install traffic signal improvements, including pavement re-striping, at the intersection of Manchester Avenue and Compton Avenue within the Project Area, as described on Exhibit A attached to the "Agreement" (as that term is defined herein below) and referred to herein as the " Public Improvements"; and WHEREAS, Section 33445 of the Redevelopment Law authorizes the Agency, with the consent of the City Council, to pay all or a part of the cost of the installation and construction of the Public Improvements if the City Council determines that (a) the Public Improvements are of benefit to the Redevelopment Project Area; (b) no other reasonable means of financing the Public Improvements are available to the City; (c) the payment of funds for the Public Improvements will assist in the elimination of one or more blighting conditions inside the Redevelopment Project Area and is consistent with the Agency's adopted WHEREAS, the City Council has heretofore found and determined that (a) the Public Improvements are of benefit to the Redevelopment Project Area; (b) there are no other reasonable means available to the City for funding the Agency's portion of the costs of the construction of the Public Improvements other than the funds provided by the Agency; (c) the payment of funds for the Public Improvements will assist in the elimination of one or more blighting conditions inside the Redevelopment Project Area and is consistent with the Agency's adopted Implementation Plan; and WHEREAS, on the basis of the facts set forth in the agenda report presented to it and any testimony received at the meeting at which this matter was considered, the Board of Directors of the Agency finds and determines that (a) the Public Improvements are of benefit to the Redevelopment Project Area; (b) there are no other reasonable means available to the City for funding the Agency's portion of the costs of the construction of the Public Improvements other than the funds provided by the Agency; (c) the payment of funds for the Public Improvements will assist in the elimination of one or more blighting conditions inside the Redevelopment Project Area and is consistent with the Agency's adopted Implementation Plan; and WHEREAS, in furtherance of the Redevelopment Plan for the Redevelopment Project Area and the public purposes of both the Agency and the City, the Agency and the City desire to enter into that certain Cooperation and Reimbursement Agreement (Manchester Avenue and Compton Avenue Traffic Signa/Improvements) in the form presented at the meeting at which this Resolution is adopted (the "Agreement"), pursuant to which Agreement the City will cause the Public Improvements to be installed and constructed and thereafter maintained, and the Agency will payor reimburse the City for the Agency's portion of the costs of such Public Improvements in the amount not to exceed Two Hundred Thousand and No/100 Dollars 200,000.00), as more particularly set forth in the Agreement; and WHEREAS, the Board of Directors has duly considered all ofthe terms and conditions of the proposed Agreement and believes that the Agreement is in the best interests ofthe Agency and the City and the health, safety, morals and welfare of its residents, and in accord with the public purposes and provisions of applicable State and local law and requirements. NOW, THEREFORE, the Board of Directors of the Orange Redevelopment Agency resolves, finds and determines, on the basis of the facts set forth in the agenda report presented to it and any testimony received at the meeting at which this matter was considered, as follows: Section I: The foregoing recitals are true and correct. Section II: The Public Improvements are of benefit to the Redevelopment Project Area, there are no other reasonable means available to the City for funding the Agency's portion of the costs of the construction of the Public Improvements other than the funds provided by the Agency, the payment of funds for the Public Improvements will assist in the elimination of one or more ORA-0463 2 blighting conditions inside the Redevelopment Project Area and is consistent with the Agency's adopted Implementation Plan. Section III: The Agreement between the Agency and the City, a copy of which is on file with the Agency Clerk, is hereby approved, and the Agency Chairman is authorized and directed to execute, and the Agency Clerk to attest, said Agreement on behalf of the Agency. Section IV: The officers and employees of the Agency are authorized and directed, jointly and severally, to do any and all things necessary or advisable in order to effectuate the purposes of this resolution and to administer the Agency's obligations, responsibilities and duties to be performed hereunder, and all actions previously taken by such officers and employees in connection with the Agreement are ratified and approved. ADOPTED this 24th day of April, 2007. ATTEST: M~t~~tf~ I, MARY E. MURPHY, Clerk of the Orange Redevelopment Agency, Orange, California hereby certify that the foregoing Resolution was duly and regularly adopted by the Orange Redevelopment Agency at a regular meeting thereof held on the 24th day of April, 2007, by the following vote: AYES: NOES: ABSENT: ABSTAIN: DIRECTORS: Smith, Murphy, Cavecche, Bilodeau DIRECTORS: Dumitru DIRECTORS: None DIRECTORS: None Ctu~EL'==tMa~ E. , Clerk 3