HomeMy WebLinkAboutCC RESO 92-69RESOLUTION NO. 92-69
RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF NATIONAL CITY AUTHORIZING AND APPROVING
AN AGREEMENT FOR COOPERATION BETWEEN THE
COUNTY OF SAN DIEGO, 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 (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 County of San Diego earlier proposed, in December, 1991, an
Agreement for cooperation in satisfaction of the County's 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 County Administrative staff,
the County Auditor -Controller and the County Counsel 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 County administrative staff will
recommend approval thereof to the County Board of Supervisors; and
WHEREAS, the City Council wishes to enter into the proposed Agreement for
cooperation with the County of San Diego;
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 County of San Diego, the City of National City, and the Community Development
Commission of the City of National City for Amendment III to the Redevelopment
Plan for the National City Downtown Redevelopment Project Area". Said Agreement
is on file in the Office of the City Clerk.
Continued on Page Two
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Resolution No. 92-69
Page 2 of 2
PASSED AND ADOPTED this 5th day of May, 1992.
ATTEST:
roil Anne Peoples, City C
APPROVED AS TO FORM:
erk
31Z-
George H. Eiser III, City Attorney
George ge H.CWaters, Mayor