HomeMy WebLinkAboutCC RESO 92-68RESOLUTION NO. 92-68
RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF NATIONAL CITY AUTHORIZING AND APPROVING
AN AGREEMENT FOR COOPERATION BETWEEN THE
NATIONAL SCHOOL DISTRICT, THE COMMUNITY
DEVELOPMENT COMMISSION OF THE CITY OF
NATIONAL CITY AND THE CITY OF NATIONAL
CITY.
WHEREAS, the City Council of the City of National City, California and the
Community Development Commission of the City of National City, California (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 National School District has proposed an Agreement for
cooperation in satisfaction of the District share of the tax increment from the
National City Downtown Redevelopment Project, as amended by Amendment III, to
and including Fiscal Year, 2014-2015; and
WHEREAS, the Mayor and City Council and the City Manager have caused to
be prepared, by Katz Hollis Coren and Associates, Inc., Sacramento, California, a
Project Cash Flow Analysis which was considered by the Mayor and City Council and
the City Manager at the City Council Meeting held April 28, 1992; and
WHEREAS, the CDC's Bond Counsel, Investment Banker, Financial Analyst,
Executive Director, and Attorney have worked with the National School District
Administrative staff and Attorney in the resolution of the legal and financial aspects
of the proposed Agreement and the Executive Director of the CDC recommends
approval thereof; and the National School District Governing Board has authorized and
approved the Agreement; and
WHEREAS, the City Council wishes to enter into the proposed Agreement for
cooperation with the National School District;
Continued on Page Two
Resolution No. 92-68
Page 2 of 2
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
National City, California that the Mayor is hereby authorized to execute, on behalf
of the City, that certain Agreement entitled, "Agreement for Cooperation Between
the National School District, City of National City, and the Community Development
Commission of the City of National City, California". Said Agreement is on file in
the Office of the City Clerk.
PASSED AND ADOPTED this 5th day of May, 1992.
George H. aters, Mayor
ATTEST:
(L�AA :e 9Q Ai
Lori Anne Peoples, City C erk
APPROVED AS TO FORM:
Georg H. Eiser III, City Attorney