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HomeMy WebLinkAboutTax Agreements with other Agenciesb�c COMMUNITY DEVELOPMENT COMMISSION of the City of National City Chairman Georgeri waters Members Mitch seauchomp Ralph lnzunza Ron Morrison Rosalie G. Zo rate Executive Director Paul Desrochers 140 E. 12"' Street, Suite 8 • National City, CA 91950-3312 • (619) 336-4250 • fox 336-4286 BOARD MEETING - STAFF REPORT December 3, 1996 TO: Chairman and Board Members FROM: Paul Desrochers, Executive Director,`, SUBJECT: RESOLUTION NO. 96-47: AUTHORIZING AN AMENDMENT TO THE AGREEMENT FOR COOPERATION (TAX INCREMENT SHARING) WITH THE COUNTY OF SAN DIEGO Recommendation: Approve above -subject resolution. Fiscal Impact: The amendment will allow for the CDC to obtain 35% of the tax increment from the County's share of taxes within the new Redevelopment Project area for 20 years, rather than the 100% pass -through agreed upon in 1992 for all future projects. The County estimates that the gain for National City could be as high as $676,000 over the 20-year period. Background: This is essentially the same proposal approved by the CDC by Resolution No. 96-09, April 2, 1996 (copy attached). The difference is that after 20 years, the County will receive 100% pass -through of its share of tax increment. In addition, if in any year assessed values increase more than five -percent (5%), the County will receive 100% of the revenues generated over the five - percent, while the CDC will still receive its 35% share for revenues generated under the five -percent increase. Other provisions provide for the County to collect previous years' debt if not paid by the CDC. The amendment will allow the Harbor District Redevelopment Area to operate in a fiscally responsible manner. The pass -through rate is consistent with agreements made with other cities in the County. A copy of the County staff report, the excerpts of the amendment, and the entire Agreement are provided. Agenda Item No. 2 Page 1 of 2 The major revision to the 1992 Agreement, relative to the flat $1,000,000 per -year payment to the County, has been revised administratively. The CDC now receives 350 of the County's share. Cty-Ta M Community Development Commission Agenda Item No. 2 December 3, 1996 Page 2 of 2 NUV-ero-lam o lei- to COUNTY OF SAN DIEGO cF slTs "W V..4 DiSbit�t DIANNE JACOB CHIEF ADMINiSTRATiVE OFMCE 12AM SLATER ThW ck*kt AGENDA rTEM RON 110BERTS BILL HORN DATE: December 17, 19% TO: Board of Supervisors SUBJECT: REQUEST BY NATIONAL CITY COMMUNITY DEVELOPMENT COMMISSION TO AMEND AGREEMENT FOR COOPERATION WITH COUNTY (District 1) SUMMARY: ISSUE: On April 30, 19% (25). the Board continued this item to allow time for stab of the Community Development Commission of the City of National City and the Chief Administrative Office to asc uss options which might permit the two agencies to agree on an amendment to the 1992 Agreement For Cooperation. The amendment recommended to the Board would, through Fiscal Year 2016-17, reduce the Courdys pass -through of property tax im mnent revenues generated annually by the Harbor District Redevelopment Area from 100% to 65% W the annual rate of growth in assessed valuation does not exceed 5%, and wound alk=te 10(rA of the County's share of tax increment revenues above a 5% rate of growth. RECOMMENDATION: CHIEF ADURMTRATIVE OFFICER Authorize the Clerk of the Board to ate the first amendment to the 1992 Agreement for Cooperation upon receipt. (Attachment A) FISCAL IMPACT: The fiscal impact of the recommendation can only be estimated at this time since the Harbor District Area has yet to generate Property tax increment revenues 'from the 199A- 95 Base Year. if annual growth in assessed values were to average three percent as projected between FY 1994r95 and 2016117. the County would receive $1,262,000 rather than $1,938,000, a reduction of $676,000 (current dollars). ALTERNATIVES The following two alternatives were studied and rejected by either County or National City staff: 1) No amendment; and 2) Five-year deferral with acm-ed interest. A discussion of these alternatives can be found in Attachment B. RESOLUTION NO. 9647 RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF NATIONAL CITY AUTHORIZING AN AMENDMENT TO THE AGREEMENT FOR COOPERATION (TAX INCREMENT SHARING) WITH THE COUNTY OF SAN DIEGO WHEREAS, the Community Development Commission of the City of National City (CDC) and the County of San Diego entered into an Agreement for Cooperation (the Agreement), dated May 12, 1992, by CDC Resolution No. 92-1; and, WHEREAS, CDC Resolution No. 95-26 authorized staff to negotiate with the County of San Diego relative to amending said Agreement; and, WHEREAS, CDC Resolution No. 96-09, approved a modified payment schedule that has been changed during negotiations with the County; and, WHEREAS, an amendment to the terms of the Agreement for Cooperation, with respect to the Harbor District, are in the best interests of the CDC. NOW, THEREFORE, BE IT RESOLVED, by the Community Development Commission of the City of National City that the County Board of Supervisors be requested to amend said Agreement of Tax Increment funds to the County of San Diego for the duration of the Harbor District Redevelopment Plan, as shown in the attached Exhibit "A." PASSED and ADOPTED this 3rd day of December 1996. ATTES Paul Desi-echers, retary APPROVED AS TO FORM: /.7�,)) 9 .- George H. Eiser, III City -CDC Attorney CoopAGR.W �1_e George If. Waters, Chairman R] SUBJECT: Request from City of National City Community Development Commission to Amend Agreement for Cooperation with County (District 1) SUPV. DIST.: 1 COUNTY COUNSEL APPROVAL: Form and Legality [X] Yes [ ] NIA j ] Standard Form [ ] Ordinance [ X ] Resolution CHIEF FINANCIAL OFFICERIAUDTTOR REVtSM: [ ] NIA []yes 4 VOTES: [ ] Yes jX] No CONTRACT REVIEW PANEL: [ ] Approved [x] N/A CONTRACT NUMBER($): PREVIOUS RELEVANT BOARD ACTION: 051J2192 (301 Approved the 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 Plata for the National City Downtown Redevelopment Project Area. 04I3 M f26) Continued the request by the Cow tdy Development Commission of the City of National City to amend the Agreement for Cooperation between the County of San Diego, the City of National City and the Community Development Commission BOARD POLICIES APPLICABLE: A-109, Guidelines for Review of Cities' Redevelopment Projec s CITIZEN COMMITTEE STATEMENT: NIA CONCURRENCE(S): NIA ORIGINATING DEPARTMENT: Chief Administrative Office CONTACT PERSON: Chantal Saipe S30 685-2542 December 17, 19% DEPARTMENT AUTHORIZED REPRESENTATIVE MEETING DATE NOV-26-1996 iD:20 Im ATTACHMENT A FIRST AMENDMENT TO THE AGREEMENT FOR COOPERATION BETWEEN THE COUNTY, CITY OF NATIONAL CITY AND NATIONAL CITY COMMUNITY DEVELOPMe4T COMMISSION This First Amendment to the 1992 Agreement For Cooperation is made by and between the Community Development Commission of the City of National City (`Commission"), the City of National City ("City') and the County of San Diego (*County). The County, City and Commission do mutually AGREE TO AMEND their current AGREEMENT as follows: A. Amend Section 2.4 (d) by replacmg the first sentence with the following: if the 1992 Downtown Redevelopment Plan remains in effect beyond Fsc al Year 2014-2015, beginning with Fiscal Year 2015-2016,, the County shall receive its full share of all tax increment as if that Redevelopment Plant were not in effect B. Amend S+eaon 9.2 by replacing the paragraph with the following: This Agreement shall remain in effect during the entire term of Amendment III and the Amendment adopted by City Ordinance No. 95-2095, and shall not be revoked or revised except by a written amendment signed by the patties. C. Amend section 9.3 as follows: 1. Renumber the first Paragraph as 9 3 i and add the foliowiny as the last sentence in the paragraph: The City and Commission agree not to challenge the validity of the amendments to section 9.3. 2. Renumber the second Paragraph as 9.3.2 3. Add as new naraaral 00 g.3. ;: Notwithstanding the second sentence of Paragraph 9.3.2, the County shalt receive the following annual pass-4hroughs of its share cf property tax increment attributable to the Harbor District Area of the Nd ionai City Downtown Redevelopment Project: (a) Through Fiscal Year 2016-2017: (i) If the annual growth rate in the assessed valuation, from the prior equalized roll to the current equalized roll, is 5% or less, 65% of the property tax increment; or (to if the annual growth rate in the assessed valuation, from the prior equalized roll to the Current equalized roll, exceeds 5%, 65% of the property tax increment from the first 5% annual increase in assessed value plus 100`Db of the property tax increment from the annual increase in assessed value over 5%; and (b) From Fiscal Year 2017-2018 through the last fiscal year of the Project, 1 00% of the County's share of the property tax increment. 4. Add as new narapraph 9.3.4: Notwithstanding Paragraph 3.1, if for any fiscal year the Commission fails to pass -through to the County its share of tax increment attributable to the Harbor District Area pursuant to Paragraph 9.3.3 (a) and (b), (a) The amount due shall be subject to the provisions of Paragraph 3.5; and (b) In the subsequent fiscal year, the County Audkor and Controller shall deduct, from the amount to be allocated and distributed to the Commission under Paragraph 3.1, the amount of the Countys pass - through share that, remains outstanding from the previous fiscal year plus interest accrued pursuant to Paragraph 3.5. 5. Renumber the last paragraph as 9.3.5. D. An other provisions of the Agreement of May 5, 1992 snail remain unchanged and in full force and effect. IN WITNESS WHEREOF. the parties have caused this Amendment to the Agreement to be executed on the dates set forth opposite their signatures. COUNTY OF SAN DIEGO By: Clerk of the Board of Supervisors Approved as to Form and Legality: COUNTY COUNSEL By. COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF NATIONAL CITY By - Approved as to Form and Legal* COMMISSION COUNSEL By: CITY OF NATIONAL CITY By: Approved as to Form and Legality: CITY ATTORNEY Dais Date Date Date Date Date TOTAL P.10 AGREE _".NT FOR COOPERiTION BETW=EN THE COUNTY OF SAti DIEOC; THE CITY OF NATIONAL CITY, AND Tye COMMUNITY DEV`LOPMENT COMMISSION OF THE CITY OF NP_TONA CITY FOR A_MEENDMENT III TO THE REDEVELOPMENT PLP1N FOR THE NATIONAL CITY DOWNTOWN REDEVELOP-NaNT PROJECT AiR _z This Agreement is entered into on the /.?%'L- day of it/LLCM 1992, by and between the Community Development Commission(o= the City of National City ("Commission"), the City of National City ("City") and the County of San Diego ("County"). R E C I T A L S A. The Citv Council of the Citv of National City adopted Amendment III to the Redevelopment Plan for the National City Downtown Redevelopment Project Pw ea ("Amendment =__"} by Ordinance No. 91-2013. B. The Project Area for Amendment III, adopted by Ordinance No. 91-2013, encompasses 2,083.1 acres. C. Health and Safety Code Section 33401 provides that the Commission may pay to an affected taxing agency any amount of money which the Commission determines is appropriate to alle- viate anv financial burden or detriment caused to the taxing agency by a redevelopment Dian. D. The County advised the Commission of the potential financial impact resulting from the adopuon and implementation o= Amendment III. .. The parties round that the Commission's implementation of Amendment III will result in a loss of property tax revenues which the County could reasonably have expected to receive in the absence of Amendment MIT-. F. On April 16, 1985, the parties entered into the Agreement between the County of San Diego, the Citv of National City, and the Community Development Commission of the City of National Citv ("April 16, 1985 Agreements' to alleviate the financial burden or detriment to the County caused by the implementation of Amendments No. 1 and No. 2 to the Redevelopment Plan for the City of National City Downtown Redevelopment Project. F. To alleviate the financial burden or detriment to the County caused by implementation of Amendment III, and to rep lace t7 April _61 1985 Agreement, the par­�ies hereto enter into this Agreement. NOW, THEREFORE, for and in consideration of the foregoing prom- ises, and for ti:eir mutual advantage and concern, the pa= -ties do hereby agree as follows: 1. Definitions The words and terms in the Agreement shall have the following meanings: 1.1 "Commission" shall mean the Community Development Commission of the City of National City. 1.2 "City" shall mean the City of National City, a municipa'_ corporation. 1.3 "County" shall mean the County Of San Dieg0, a molitiCal subdivision of the State of Californja. =.4 "Project Plea" shall mean tile National City Downtown Redevelopment Project Area identified in the Ordinance adopting Amendment IITT. _.5 "Fiscal Yea:" sha._ mean the period from July _ t0 and including the following June 30. _.6 "Ordinance" shall mean the Ordinance of the City_ adopting unendment =__. _.7 "Amendment ==I" shall mean the amendment to the Redevelopment Plan for the National City Downtown, Redevelopment Project Area prepared by the Commission and adopted by the C_tv Counc4l pursuant to the Ordinance, as reau=red by law. 1.8 "April 16, 1985 Agreement" shall mean the Agreement between the County of San Diego, the City of National City, and 'tile Community Development Commission, of the City of National City entered into on April 16, 1985. "Unitary Proper:.y Taxes" shall mean taxes as defined in Revenue and Taxation Code Section. 98.9. 2. ?av?nent of Tax Revenues 2.1 Tn order to compiv with federal and state laws gover-ina the issuance of tax allocation bonds by the Commis=_ion and the use of proceeds thereof, it is not possible_ the Commission to make a lump sum payment from sue^ bend ;.=oceeds to the County, as might be "referred, in reCOC- n_ ion of the potentyal `_nanclal ?mmact result?n- from the adoution and implementation of Amendment =__. 2.2 Accordingly, the Commission shall pay to the County no later than May 15, 1992 the sum of $1,000,000 and annual- lv no later than. May 15 in each of the years 1993 through 2005 the sum of $1, 000, 000, and $621, 867 no later that. May 15, 2006, to be used at the County's sole discretion for any pu_-pose withLln or outside the City. The pa-rties anticipate that she Commission will issue tax allocation and refunding tax allocation bonds by June 30, 1092. The Commission shall in good faith seek to mini- mize the debt service requirements for these bonds by obtaining a surety bond and debt .service insurance, and/ or by extending the maturity period from the vear 2011 to the vaar 2015. In the event the Commission is rouble to (1) obtain a surety bond, (2) obtain debt service insur- ance, and (3) extend the matu_r_ty period, t1le amount and schedule of annual payments to the Countv shall be ad- L'Sted t0 provide the maX_mum 2EaS1b1e annual paymen less than $1 million, over the number of vear=_ necessary to provide Com'oensatlon having a present value eauivalent to the agreed -upon series of payments between. May 1992 and May 2006. 2.3 The Commission shall may to the County all tax increment revenues allocated to the Commission pursuant to Section. 33670(b) of the Health and Safety Code which ara attri- butable to increases in the rate of tax levied by or for the benefit of the County, which levy occurs in or after Fiscal Year 1990-91. 2.3.1 in the event of a tax rate increase as described in Section 2.3 above, the County Auditor and Controller shall notify the Commission of the tax rate increase and provide to the Commission, in writing, a recommended methodology to calculate amounts due pursuant to such increase. 2.4 in addition to amounts pursuant to Sections 2.1, 2.2 and 2.3 above, the Commission shall pav to the County tax increment revenues as Follows: (a) Beginning in Fiscal Year :fiscal Year 1997-98, 100 increment, not including attributable to a W_= In 3 1991-92 and ending In percent of anv tax unitary property taxes, assessed valuation above a compounded annual rate of 10 percent, relative to Fiscal Year 1990-91. (b) Beginning in Fiscal Year 1998-99 and ending in Fiscal Year 2014-15, 100 percent of any tax increment, not including unitary property taxes, attributable to growth above a compounded annual rate of 6 percent, using the lesser of actual growth through FY 1997-98 or a 10 percent annual rate compounded through FY 1997-98 as the bench- mark above which the 6 percent growth is to be calculated. (c) Notwithstanding the provision in Section 2.4(a) and Section 2.4(b) above that the County shall receive 100 percent of specified tax increment, should the Commission enter into a tax sharing agreement with the San Diego County Office of Education ("SDCOE") or the Southwestern Commun_— v College District ("SCCD"), the percentage of increment payable to the Countv under Section 2.4(a) and Section 2.4(b) shall be reduced by any percentage of annual tax -increment to be paid by the Commission to the SDCOE or the SCCD pursuant to such agreements. The Commission shall provide the County with a ccpv of anv tax sharing agree- ment with the SDCOE or the SCCD for Amendment _-- witilin 30 days after the execution of the agree- ment by the tarties thereto. (d) =n the event that, the Plan remains in effect beyond FY 2014-13, -he County Shall receive its full share of all tax increment as if the Redevelopment Plan was not in effect. T:^_e City_ and the Commission shall not be precluded by vir- tue of this Agreement from extending the Redevel- opment Plan for the National City Downtown Rede- velopment Project bevond FY 2014- 15. 2.5 The amounts payable to the County pursuant to Sections 2.3 and 2.4 above shall be determined by using the instructions in Attachment A to complete the worxsheet in Attachment A-1, and the instructions in Attachment 3 to commleted the worksheet in Atmachmeet _-1. 3. Pavnen, t Procedure 3.1 The County Auditor and Controller shall allocate and dis- -ibllte to the Commission the -^tal a o nt of increment-1 LL V. `.V mV.�. .rr '�. 4 revenue available to the Commission Jr. accordance wit:^. applicable law. 3.2 Within 30 calendar days after receiving a statement from the Auditor and Controller indicating the estimated amount of tax increment available to -the Commission for a given fiscal year, the Commission shall calculate the County's share of the increment pursuant to Section 2.3 and Section 2.4, using the work sheet attached hereto as Attachment A-1, and shall file a copy of the completed work sheet with the County Auditor and Controller. 3.3 Within 30 calendar days after the receipt by the Commission of tax increment, the Commission shall calculate and pay the County's share of such increment. Payment shall be sent to the attention of the County Auditor and Controller, with a written explanation of how the amount was determined. 3.4 Within 30 calendar days after receiving a statement from, the Auditor and Controller indicating the actual amount. of tax increment available to the Commission for a give - fiscal year, the Commission shall calculate and pav the amount, if anv, due to the County in excess of the amount determined on the basis of the Auditor's estimate pursuant to Section 3.2 above. Pavment shall be sent to the attention of the Auditor and Controller, with o writ- ten exAlanaticn of how the amount was determined. 3.5 Any amount due the County which is not paid within the time period spec-if?ed in Sections 3.3 and 3.4 above accrue interest at the wooled monev investment rate of the County, as published in the County Treasurer's Quar- terly Earnings Report or a comparable successor publica- tion, for the duration of the delincuency. . Subordination Payments pursuant to Section 2.2 shall be subordinate to the rights of the holder or holders (other than if the City of National City or a public entity in which it is a party is the holder) of the Commission's bonds to which tax revenues have been pledged. The Commission shall in good faith diligently attempt to market such bond or bonds in a manner such that suf:_cient tax revenues remain available to make payments pursuant to Section. 2.2. Tn the even:. the Commission _S un- able to make such payments, the amount due to the County =-ha-_ accrue interest until payment is made, computed at the pooled monev investment rate of the County as published in the Coun_v e 5. 2- Treasurer's Quarterly Earnings Repo, or a comparable succes- sor Dublication. indebtedness The obligations of the City/Commission under this Agreement shall constitute an indebtedness of the City/Commission for the purposes of carrying out the Redevelopment Project, which indebtedness shall be payable only from the taxes levied by or for the benefit of taxing agencies in the Redevelopment Pro- ject Area, and allocated to the Commission pursuant to Health and Safetv Code Section 33670 et seq. Reimbursement for Auditor and Controller's Costs 6.1 The Commission agrees to reimburse the County Auditor and Controller for the Auditor's annual costs for accounting and distribution of tax increment to the Commission, including costs for any services performed pursuant to this Agreement, services performed pursuant to requirements mandated by statute, or services performed at the special request of the Commission which are not mandated by law. 6.2 Payment shall be made within thirty days of receipt by the Commission of the Auditor's statement of costs. 7. Defense against Legal Challenae The parties agree that in the event litigation is initiated attacking the validity of all or any portion of this Agree- ment, all pa_"ies shall in good faith defend and seek to uD- ho ld this Agreement. o. County. Commission and City CooDerat'_on in Redeye'_omment =t is the intention of the parties to expedite and facilitate the implementation of the Redevelopment Plan and to assist one another in the implementation of the Redevelopment Plan in accordance with applicable state and federal law. The parties agree to supply one another with information and reports from time to time as may become reasonably necessary in order for the parties to undertake `.heir respective obligations under this Agreement. The Executive Director of the Commission and a representative of the County Chief Administrative officer shall meet on a biennial basis to review the progress of implementation. of the Redevelopment Plan and this Agreement. 6 9. Genera'_ Provisions 9.1 �L`�ct;ve Date The date of this Agreement shall be the date when the A^regiment shall have been signed by the City and the Commission. 9.2 Term of Agreement; Amendment This Agreement shall remain in effect during the entire term of Amendment III and shall not be revoked or revised except by a written amendment signed by the parties. 9.3 Redevelooment Plan; Amendment By this Agreement, the parties intend to resolve all differences with respect to the Redevelopment Plan or to future amendments to the Redevelopment Plan. The County agrees that it shall not bring any suit or action of any nature challenging the validity of the Redevelopment Plan, the resolutions, findings or other actions taken by the Commission or the Citv in relation to the approval of the Redevelopment Plan or the Negative Declaration or other environmental documents prepared for the project; cr in relation to anv fut==-e amendments to the Redevelo_e- men= Plan. The terns of Section 2 above shall apply to any future amendments to the Redevelomment Plan which are internal to the Redevelopment Plan Project A- ea and would not have a fiscal immact on the County, such as the designation of aCQLiS_tion areas within the Project Area. However, the County shall receive a full pass -through of _-:.s share of additional property tax increment attributable to any future amendments to the National City Downtown Rede- velopment Project which would have a fiscal immact on the County, such as a future amendment of the Redevelonment Plan which adds land area to the existing Redevelonment Project Boundary, increases the maximum allocation of real property taxes to the Commission, extends the dura- tion of the Redevelopment Plan., or increases the maximum, amount of tax allocation bonds which may be outstanding at any one time. In tine event of a future amendment having a f i seal i mmact on the County, the Executive Director of the Commission and a representative of the County Chief Administrative Officer shall prepare appropriate works_nests and written _*:St_ Uczlons to Cal c"Iate amol,-S mava le tC: the County in addition to amounts calculated pursuant to Section 2.5 above. 9.4 Entire Agreement This Agreement constitutes the entire understanding and agreement between the parties and supersedes all previous negotiations between them. it. is the intent of the Commission, the City and the County ..hat the payments herein provided for constitute a full, complete, fair and equitable adjustment for all. financial and other impacts which have resulted or may result during the term of this Agreement from Amendment ___ as adopted by Ordinance No. 91-2013. The parties contemplate that payments to the County in certain vears may exceed the amount of property tax revenues the County would have received in the absence of the division of taxes required by Section 33670 of the Health and Safetv Code; consistent with Section 33401(b) of the Health and Safety Code, any such excess payments would reimburse the County for amounts deferred, including interest, computed at the pocled monev investment rate of the County as published in the Countv Treasurer's Quarterly Earnings Report or a comparable successor publication, in prior years beginning with _Y 1991-92 and to the extent to which the County received less tax revenue in such years than would have been re- ceived absent Amendment _T_T_. By th_js Agreement, the narT.les terminate the_r O r 1985 Agreement. IN WITNESS WH REOF, the parties have caused th'-S Agreement, con- sisting of 29 pages including all attachments, to be executed on the dates set forth opposite their signatures. COUNTY OF SAN Di GO By: �I�a-rv� S .� J • PQ'! �'t c. �c—�- 113 4L Clerk of the Board of S _ervisors Date Approved as to Form` and Legality: COUNTY COUNSEEL / ' By ��' [C:' uv✓��`i` _ - ApPrOYed an(Vor aueL iZed by the Board of Supervisors of the CCOLM of San Diego X-�a- �3 8 Cleric of the Board of Superv'1sors C Date COiDMUNI' TY D-4%LOP'-"=- CO!eCISSION OF T C_'_T'v- �0-7 NATIONAL CITY App_oved as to Fo= and 'Legal i v: COi-MISSION NSz=. B%, -. z -L -X7 CITY Ot NATIONAL CITY B AL e':=mrove as :.o Fo_?n and Leaall tv : B Q 5- Date Date Date La �c RESOLUTION NO. 95-26 RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF NATIONAL CITY AUTHORIZING PROPOSAL FOR AN AMENDMENT TO THE AGREEMENT FOR COOPERATION (TAX INCREMENT SHARING) WITH THE COUNTY OF SAN DIEGO WHEREAS, the Community Development Commission of the City of National City (CDC) and the County of San Diego entered into an Agreement for Cooperation, dated May 12, 1992, by CDC Resolution No. 92-1; and, WHEREAS, the CDC is in the process of amending the cu-=ent boundaries of the Downtown Redevelopment Project to include additional territory (to be named, the "National City Redevelopment Project"); that will be covered under the said Agreement for Cooperation with the County of San Diego; and, WHEREAS, an amendment to the terms of the Agreement for Cooperation are in the best interests of the CDC and, over the long term, the County of San Diego. NOW, THEREFORE, BE IT RESOLVED, by the Community Development Commission of the City of National City, that the Executive Director is authorized to negotiate with the County of San Diego for a revision of said Cooperation Agreement in accordance with the terms attached as Exhibit "A". PASSED and ADOPTED this 6th day of .June 1995. Geor�Waters, Cha -man ATTES l f l Paul Desrochers, Secretary APPROVED AS TO FORM: �L AM' George H_ Eiser, III City -CDC Attorney cOOPacRJ6 RESOLUTION NO. 96-09 RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF NATIONAL CITY AUTHORIZING PROPOSAL FOR AN AMENDMENT TO THE AGREEMENT FOR COOPERATION (TAX INCREMENT SHARING) WITH THE COUNTY OF SAN DIEGO WHEREAS, the Community Development Commission of the City of National City (CDC) and the County of San Diego entered into an Agreement for Cooperation (the Agreement), dated May 12, 1992, by CDC Resolution No. 92-1; and, WHEREAS, CDC Resolution No. 95-26 authorized staff to negotiate with the County of San Diego relative to amending said Agreement; and, WHEREAS, a modified payment schedule for the Downtown Redevelopment Project has been agreed upon; and, WHEREAS, an amendment to the terms of the Agreement for cooperation, with respec- .o the Harbor District, are in the best interests of the CDC and, over =,.he long term, the County of San Diego. NOW, THEREFORE, BE IT RESOLVED, by the Commission of the City Of National City: (1) the payment scheule is acceptable as shown (2) that the Countv Board of Supervisors Section 9.3 as shown in Attachment "B" of Increment funds to the County of San Diego _ Harbor District Redevelopment Plan. Community Development =what a modification of in Attachment "A", and be recTuested to amend said Agreement of Tax .or the duration of the PASSED and ADOPTED this 2nd day of April 1996. / - . i. ( , ice`'" George H.9 Waters, Chairman ATTES 3`aul Desrocners, Secreta_a APPROVED AS TO FORM: George :.. Eiser, ==_ Citv-CDC Attornev Co OAGR-k^. :7dT.=0E�� ��_v �OLvZIL.^WII. XE.."eVe' CDIREr.�. �r0 jc�� V iue V=iue caa !a r70, •Y1 �, Y/44 i V, v/ i a vr. Y ,may • �YC��1V �...�. i•+ .+�'+mow l t�i Q r, � Q V =�c:e^