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HomeMy WebLinkAboutCC RESO 91-160RESOLUTION NO. 91-16 0 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY, AUTHORIZING AND APPROVING AN AGREEMENT BETWEEN THE SOUTHWESTERN COMMUNTIY COLLEGE DISTRICT, THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF NATIONAL CITY AND THE CITY OF NATIONAL CITY. WHEREAS, the City Council and the Community Development Commission of the City of National City, (CDC) held a joint public hearing on Amendment III, National City Downtown Redevelopment Project on June 11, 1991 and the City Council, on June 18, 1991 adopted Ordinance No. 91-2013 amending the Redevelopment Plan for the Project and the CDC, by adoption of Resolution No. 91-25 (NCDRP Amend.III) on June 11, 1991, found and determined that the Project has caused, and Amendment III will cause a financial burden or detriment to taxing agencies and that payments are necessary to alleviate the financial burdens or detriments; and WHEREAS, the Southwestern Community College District has proposed an agreement for pass through of 42% of the tax increment which it otherwise would have received after the adoption ,of Amendment III and the City and CDC Attorney has reviewed said agreement as to form and the Executive Director of the CDC has reviewed said agreement as to its provisions, including the pass through of 42% of 4.594720% of the total tax increment received by the CDC and the Executive Director has recommended approval thereof in writing; and WHEREAS, the City Council wishes to enter into the proposed agreement with Southwestern Communtiy College District; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of National City, that the Mayor is hereby authorized to execute, on behalf of the City, that certain agreement entitled "Cooperation Agreement between the Southwestern Community College District, the Community Development Commission of the City of National City and the City of National City" consisting of four pages and Exhibits "A" and 'B" and the City Clerk is hereby authorized to attest thereto. Said agreement is on file in the Office of the City Clerk. PASSED AND ADOPTED this 6th day of August, 1991. George H. aters, Mayor Attest: eStk Lori Anne Peoples, City Cl rk Approved as to Form: air George H.Eiser III, City Attorney