HomeMy WebLinkAboutSA RESO 2012-21RESOLUTION NO. 2012 — 21
RESOLUTION OF THE BOARD OF THE SUCCESSOR AGENCY
TO THE COMMUNITY DEVELOPMENT COMMISSION AS
THE NATIONAL CITY REDEVELOPMENT AGENCY AUTHORIZING
THE CHAIRMAN TO EXECUTE A LETTER OF INTENT TO THE YMCA
OF SAN DIEGO COUNTY - SOUTH BAY BRANCH COMMITTING $4.5 MILLION
IN BOND FUNDS FOR PUBLIC IMPROVEMENTS AT LAS PALMAS PARK
WHEREAS, in early 2011, the Community Development Commission sold bonds
to fund planned public improvements in the redevelopment project area; and
WHEREAS, $6.5 Million of bond proceeds are allocated to Las Palmas Park
Public Improvements, and plans include partnering with the South Bay Family YMCA to expand
and upgrade facilities in and around Camacho Gymnasium and Municipal Pool; and
WHEREAS, an MOU between the City and the YMCA of San Diego County -
South Bay Branch was approved by the City Council on January 10, 2012, by Resolution 2012-
08 to solidify the partnership and initiate a fundraising campaign with a goal to raise the
estimated $9 Million of funds necessary to complete the project;
WHEREAS, the YMCA seeks a letter of Intent from the Successor Agency
committing $4,500,000 in bond funds for Public Improvements at Las Palmas Park; and
WHEREAS, because the Las Palmas Park Improvements are identified on the
2011 Tax Allocation Bond Indentures, entering the Letter of Intent would be consistent with the
use of bond proceeds, as permitted by Health and Safety Code section 34177(i).
NOW, THEREFORE, BE IT RESOLVED that the Board of the Successor Agency
to the Community Development Commission as the National City Redevelopment Agency
hereby authorizes the Executive Director to commit $4,500,000 in bond funds over the next year
for public improvements at Las Palmas, and to execute the Letter of Intent consistent with such
commitment.
BE IT FURTHER RESOLVED that the Executive Director is hereby authorized to
execute all other necessary documents on behalf of the Successor Agency to the Community
Development Commission as the National City Redevelopment Agency, first approved in writing
by General Counsel, and to take all other actions necessary to implement and carry out the
purposes of the Letter of Intent and this Resolution.
PASSED and ADOPTED this 14th day of August, 2
FbdMorrison, Chairman
ATTEST: AP OVE.
Michael R. ball , City Clerk as CI u Ga
Secretary to the Successor Agency Successor
Passed and adopted by the Successor Agency to the Community Development
Commission as the Redevelopment Agency of the City of National City, California, on
August 14, 2012 by the following vote, to -wit:
Ayes: Boardmembers Morrison, Natividad, Rios, Sotelo-Solis, Zarate.
Nays: None.
Absent: None.
Abstain: None.
AUTHENTICATED BY: RON MORRISON
Chairman of the Successor Agency to the
Community Development Commission
as the Redevelopment Agency of the
City of National City, California
By:
NA� L
City ClASeg asSecretary
to the Successor Agency
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2012-21 of the Successor Agency to the Community Development
Commission as the Redevelopment Agency of the City of National City, California,
passed and adopted on August 14, 2012.
0
City Clerk Serving as Secretary
to the Successor Agency
Deputy