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1987/08/11 Community Development Agency ResolutionRONO0002-41/0127R/kf 08/04/87 RESOLUTION NO. 87-14 RESOLUTION OF THE COMMUNITY DEVELOPMENT AGENCY OF THE CITY OF ROHNERT PARK APPROVING A LOAN TO THE COMMUNITY DEVELOPMENT AGENCY OF THE CITY OF ROHNERT PARK BY THE CITY OF ROHNERT PARK, CALIFORNIA WHEREAS, the Community Development Agency of the City of Rohnert Park (the "Agency") has been duly created and activated pursuant to the provisions of Section 33000, _Qt sea., of the Health and Safety Code of the State of California by a duly adopted Ordinance of the City of Rohnert Park, California (the "City"); and WHEREAS, the City Council of the City of Rohnert Park, California (the "City Council"), has approved a certain Cooperation Agreement, by and between the City and the Agency (the "Cooperation Agreement"), attached hereto as Exhibit "A" and incorporated herein by this reference, to provide for the funding of various redevelopment activities of the Agency; and WHEREAS, pursuant to Sections 33610, et sec., and 33620, et se_c., of the Health and Safety Code of the State of California, the City Council may, by appropriate resolution, provide for the funding of the Community Development Agency of the City of Rohnert Park Administrative Fund and the Community Development Agency of the City of Rohnert Park Redevelopment Revolving Fund as those terms are defined in the Cooperation Agreement; and WHEREAS, the City Council must appropriate certain moneys from the General Fund of the City and authorize the deposit of such moneys into the Community Development Agency of the City of Rohnert Park Administrative Fund to provide for the redevelopment activities of the Agency; and WHEREAS, such moneys shall be used by the Agency pursuant to the Cooperation Agreement. NOW, THEREFORE, BE IT RESOLVED, DETERMINED AND ORDERED BY THE COMMUNITY DEVELOPMENT AGENCY OF THE CITY OF ROHNERT PARK, AS FOLLOWS: Section 1. The Agency Staff and Consultants are hereby authorized and directed to prepare a budget for the community development activity of the Agency and to submit said budget to the Agency for review and appropriate action. Section 2. The Agency hereby accepts the second advance of funds deposited into the Community Development Agency of the City of Rohnert Park Administrative Fund in the amount and under the terms as set forth in the resolution of the City Council entitled "Resolution of the City Council of the City of Rohnert Park Approving a Loan to the Community Development Agency of the City of Rohnert Park by the City of Rohnert Park, California". Section 3. This Resolution shall take effect upon adoption. ADOPTED AND APPROVED this day of August, 1987. :�� Vl, airman of Community r�r Development Agency of the City of Rohnert Park (SEAL) ATTEST: of Rohnert Park State of California ) City of Rohnert Park ) ss County of Sonoma ) I, Lorraine Roberts, Deputy Secretary of the Community Development Agency of the City of Rohnert Park do hereby certify that the foregoing resolution was regularly introduced and adopted by the Community Development Agency' of the City of Rohnert Park at a regular meeting thereof, held on the 11th day of August , 1987, by the following vote of the Agency: AYES• (4) Councilmen Cochran, Eck, Hollingsworth & Lepinski NOES: (0) None ABSENT: (1) Chairman Hopkins ABSTAINED: IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the Community Development Agency of the City of Rohnert Park this 11th day of August 19 7. Deputy Secretary of the Community Development Agency of the City of Rohnert Park /0127R - 3 - RON00002-6/0017R/kf 03/02/87 AGREEMENT FOR COOPERATION BY AND BETWEEN THE CITY OF ROHNERT PARK AND THE COMMUNITY DEVELOPMENT AGENCY OF THE CITY OF ROHNERT PARK THIS AGREEMENT is entered into this 10th day of March, 1987, by and between the City of Rohnert Park, California (the "City"), and the Community Development Agency of the City of Rohnert Park (the "Agency"). The City and the Agency agree as follows: Section 1. Pursuant to Ordinance No. 447 of the City of Rohnert Park, the Community Development Agency of the City of Rohnert Park has been established within the City under authority of the California Community Redevelopment Law of the State of California (Health and- Safety Code Section 33000, lat sea.) (the "Act"). Section 2. The City and the Agency have a common interest in and wish to facilitate redevelopment within the City and to provide for the cooperation of the City and the Agency in carrying out redevelopment activities. Section 3. The Agency shall have access to the services and facilities of the City and City Staff. The Planning Commission of the City of Rohnert Park shall also cooperate with the Agency in providing for redevelopment activities and other assistance to the Agency within the City. Section 4. The Agency shall have all powers provided to the Agency pursuant to the Act and the Ordinances and Resolutions of the City. Section 5. The Agency shall supply to the City such information and reports as from time to time the City may require. Section A. The City will establish a Community Development Agency of the City of Rohnert Park Administrative Fund (the "Administrative Fund") to be maintained in the treasury of the City as authorized by Health and Safety Code Section 33610, gt with money appropriated to that Administrative Fund to be paid to the Agency as a loan to be repaid upon the terms and conditions as may be established by the City Council of the City. The Agency agrees to reimburse the City for services rendered to the Agency and for costs incurred by the City on behalf of the Agency, which amounts may include the payment of a part of the salaries of City officers and employees, where such officers and employees perform services for the Agency. No officer or employee - 1 - un of the City shall be entitled to extra compensation for work performed for the Agency unless such compensation is authorized by the City Council of the City. All sums paid by the City from the Administrative Fund shall be deemed loans to the Agency, to be repaid to the City at such times as funds become available to the Agency for repayment. Any such sums advanced as loans shall bear interest at a rate of interest per annum to be determined 'by the City at such time as funds are allocated to the Agency pursuant hereto, and shall bear interest at such hereafter designated rate per annum from the date of payment by the City. Repayment of such loans need not be made by the Agency until all other debts or obligations which may hereafter be incurred by it have been satisfied, and the repayment obligation of the Agency to the City shall be subordinate to any interim or permanent financing of the Agency. Section I. The City will establish a Community Development Agency of the City of Rohnert Park Redevelopment Revolving Fund (the "Redevelopment -Revolving Fund") to be maintained in the treasury of the City as authorized by Health and Safety Code Section 33620, gt sec., with money appropriated to that fund to be paid to the Agency as a loan to be repaid upon the terms and conditions as may be established by the City Council of the City. The Agency agrees to reimburse the City for moneys expended from the Redevelopment Revolving Fund upon majority vote of the City Council for the purposes of the acquisition of real property in any project area, the clearance, aiding in relocation of site occupants, and preparation of any project area for redevelopment. Upon two-thirds vote of the City Council, moneys deposited in the Redevelopment Revolving Fund may be paid to the Agency, upon such terms and conditions as the City Council may prescribe for the purpose of depositing such moneys in a trust fund to be expended for the acquisition of real property in a project area, the clearance of any project area for redevelopment, and any expenses necessary or incidental to the carrying out of a redevelopment plan which has been adopted by the City. All sums paid by the City from the Redevelopment Revolving Fund shall be deemed loans to the Agency, to be repaid to the City at such times as funds become available to the Agency for repayment. Any such sums advanced as loans shall bear interest at a rate of interest per annum to be determined by the City at such time as funds are allocated to the Agency pursuant hereto, and shall bear interest at such hereafter designated rate per annum from the date of payment by the City. Repayment of such loans need not be made by the Agency until all other debts or obligations of the Agency which may hereafter be incurred by it have been satisfied, and the repayment obligation of the Agency shall be subordinate to any interim or permanent financing of the Agency. Section B. The City will assist the Agency in the planning, financing, acquisition, construction and maintenance or �M operation of redevelopment activities undertaken by the Agency within the City in accordance with applicable state and federal law. IN WITNESS WHEREOF, the parties have executed this Agreement on the date first above written. . ( SEAT• ) r ATTEST: City Clerk of the City of Rohnert Park Approved as to form: City Attorney (SEAL) ATTEST: Lr r Secretary of the Community Development Agency of the City of Rohnert Park CITY OF ROHNERT PARK, CALIFORNIA By: Mayor of the City of Rohnert Park,.California Community Development Agency of the City of Rohnert Park By: : Chairman of the Community Development Agency of the City Rohnert Park _.. 3