HomeMy WebLinkAbout2010 CC RESO 2010-170 CDCRESOLUTION NO. 2010 — 170
RESOLUTION OF THE COMMUNITY DEVELOPMENT
COMMISSION AUTHORIZING THE CHAIRMAN TO
EXECUTE A FREEWAY SIGN REHABILITATION LOAN
AGREEMENT IN THE AMOUNT OF $675,000 BY AND
BETWEEN THE COMMUNITY DEVELOPMENT COMMISSION
AND THE NATIONAL CITY MILE OF CARS ASSOCIATION
WHEREAS, the Community Development Commission ("CDC") is authorized and
empowered under the Community Redevelopment Law, California Health and Safety Code
Section 33000, et seq. ("CRL"), to assist in the redevelopment of real property within a
redevelopment project area in conformity with a redevelopment plan adopted for such area; and
WHEREAS, the Mile of Cars Association is the owner of three separate freeway
signs with electronic displays in the City of National City; the first approximately located at 339
West 8th Street, visible from Interstate 5 ("1-5 Sign"); the second at 1615 East 14th Street,
visible from Interstate 805 ("1-805 Sign"); and the third at 1728 Sweetwater Road, visible from
California State Highway 54 ("Hwy 54 Sign"); and
WHEREAS, the CDC and Mile of Cars Association desire to rehabilitate the
existing structures located in the Project Area through a Freeway Sign Rehabilitation Loan
Agreement ("Loan Agreement") to make them safe and sound in all respects, attractive in
appearance, and not detrimental to the surrounding areas; and
WHEREAS, the Loan Agreement is subject to the provisions of the CRL, the
commercial rehabilitation loan program policies and standards adopted by the Commission, and
the Redevelopment Plan for the National City Redevelopment Project; and
WHEREAS, the Loan Agreement is for the rehabilitation of the existing
equipment and improvements constituting the signage, and for the Mile of Cars Association to
cause the rehabilitation of the signage; and
WHEREAS, the CDC further desires to enter into this Loan Agreement to ensure
Mile of Cars Association's redevelopment and operation of the signage because, pursuant to
the CRL and the Redevelopment Plan, such actions will help to eliminate blight in the Project
Area;
NOW, THEREFORE, BE IT RESOLVED that the Community
Development Commission of the City of National City hereby authorizes the Chairman to
execute a Freeway Sign Rehabilitation Loan Agreement in the amount of $675,000 by
and between the Community Development Commission of the City of National City and
Mile of Cars Association for the rehabilitation of the electronic freeway signs located
near Interstate 5, Interstate 805, and California State Highway 54.
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Resolution No. 2010 —170
Page 2
PASSED and ADOPTED this 20th day of July, .9i,..‘_. _
12
ATTEST:
PROVED AS TO FORM:
dia G.
ty Attorne
on Morrison, Chairman
Passed and adopted by the Community Development Commission of the City of
National City, California, on July 20, 2010, by the following vote, to -wit:
Ayes: Commissioners Morrison, Sotelo-Solis, Van Deventer, Zarate.
Nays: None.
Absent: None.
Abstain: None.
AUTHENTICATED BY: RON MORRISON
Chairman, Community Development Commission
Secretar, Com'y Development Commission
By:
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2010-170 of the Community Development Commission of the City
of National City, California, passed and adopted on July 20, 2010.
Secretary, Community Development Commission
By:
Deputy