Loading...
HomeMy WebLinkAboutRES NO 20-74RESOLUTION NO. _ 20-74 A RESOLUTION OF THE COUNCIL OF THE CITY OF BAKERSFIELD CONSENTING TO AND AUTHORIZING THE EXECUTION OF A REIMBURSEMENT AGREEMENT WITH THE BAKERSFIELD REDEVELOPMENT AGENCY. WHEREAS, the Bakersfield Redevelopment Agency desires to acquire land in the Downtown Bakersfield Redevelopment Project in order to implement the Redevelopment Plan for the Project and to cause the construction of a publicly-owned parking garage in the Project; and WHEREAS, the City Council and theBakersfield Redevelopment Agency have determined and found by resolution that the expenditure of funds to acquire land and to construct a publicly-owned parking garage in the Project are of benefit to the Project; and WHEREAS, the City of Bakersfield intends to advance moneys to the Agency to acquire land in the Project to transfer title to property to the Agency to implement the Redevelopment Plan and to cause the construction of a publicly-owned parking garage in the Project. NOW, THEREFORE, BE IT RESOLVED THAT THE COUNCIL OF THE CITY OF BAKERSFIELD hereby consents to and authorizes the execution by the Mayor of a "Reimbursement Agreement" with the Bakersfield Redevelopment Agency (a copy of which is attached hereto and labeled as Exhibit '~" and is incorporated herein by this reference) to permit the Agency to acquire land in the Downtown Bakersfield Redevelopment Project to implement the Redevelopment Plan and to cause the construction of a publicly-owned parking garage in the Project. o0o I HEREBY CERTIFY that the foregoing Resolution was passed and adopted by the Council of the City of Bakersfield at a special meeting thereof 'held on the 18th day of March, 1974, by the follow- ing vote: AYES: COUNCILMEN BLEECKER, HEISEY, MEDDL,b, ,,:OGERS, STRONG, Tt4OMAS NOES: COUNCILM.~N: the council ~ APPROVED ' ~, day of March, 1974 ity of Bakersfield APPROVED as to form: REIMBURSEMENT AGP~EEMENT THIS REIMBURSEMENT AGREEMENT is made as of 1974, by and between the BAKERSFIELD REDEVELOPMENT AGENCY (the "Agency"'), a public body corporate and politic organized and existing under the laws of the State of California, and the CiTY OF BAKERSFIELD (.the "Cit" municipal corporation duly y ), a . . organized and existing under its Charter ·and the laws of the State of California. I. IS 100] REdITALS A. [S 101]· The Agency is a redevelopment agency duly created, established, and authorized to transactbusiness and exercise its powers, all under and pursuant to the California Community Redevelopment Law (Heal'th and Safety Code, Section 33000 et seq.). B. [S 102] A Redevelopment Plan for a redevelopment project, known and designated as the "Downtown Bakersfield Redevelopmerit Project" has been adopted and approved~ and all , requirements of law for, and precedent to, the adoption and approval of said Plan have been duly complied with. C. IS 103] In accordance with and to implement Said Redevelopment Plan, the Agency is acquiring certain parcels of land (referred to individually and designated as the "Garage Parcel" "Parcels A and B" "Parcel C" and "Parcel F" in Exhibit "A" which is attached hereto and incorporated herein , . by this reference); is causing the construction of a parking garage structure on the Garage Parcel and Parcels A and B; is leasing the Garage Parcel. and Parcels A and B and the parking garage structure to the City pursuanttoa lease agreement to be entered into between the City and the Agency; and is seeking the redevelopment of Parcel C and Parcel 'F pursuant to.agree- merits presently executed or to be entered into in the future. The Agency,.pursuant to the lease agreement to be entered be-- tween the City and Agency and·pursuant to certain agreements EXHIBIT A pr~sent!y'eXecuted, will issue revenue bonds for the purpo~ of~constructing the parking garage and to acquire the. Garage Parcel, Parcels A and B, Parcel C, and Parcel F. D. [S 104] The Agency and the City Council each have determined by resolution pursuant to Section 33445 of the Community Redevelopment Law that the parking garage structure is of benefit to the Downtown Bakersfield PrOject area, and that the Agency may, with the consent of the City Council~ pay for all costs of the parking garage structure. E. IS 105] The City by this Agreement is agreeing to transfer title to Parcel C and Parcel F to the Agency and to advance to the Agency an amount of money necessary for the Agency to acquire the Garage Parcel and Parcels A and B. F. [~ 106] .The Agency by this Agreement is agreeing to acquire Parcel C a~d Parcel F from the City and to reim- burse the City for its transfers of title and 'advances to the Agency. It is contemplated that such reimbursement will be made from tax increments, proceeds from the sale of land,. proceeds from bonds, or any other funds available to the Agency for such reimbursement. II. [S 200] AGREEMENT The City and the Agency hereby agree as follows: A. IS 201] Transfers of Title to Parcel C and Parcel. F From the City to the Agency. By grant deeds in the form described herein,. the City. agrees to transfer title to Parcel C and Parcel F to'the Agency and the Agency agrees to accept title thereto. The grant deeds shall contain covenants, conditions, and restric- tions which provide that Parcel C and Parcel F shall be used and developed in conformity with the Redevelopment Plan and ~ha~_ther_e_shall be no discrimination lagainst or segregation of any. person, or group of persons, on accountof sex, race, color, creed, national origin or ancestry in the sale, lease, sublease, transfer,.use, occupancy, tenure of Parcel C, Parcel F, and any part or portion thereof. The AgenCy agrees - 2 - :.'to reimburse the City in the amount and according to the terms ~and conditions set forth in Section 203 of this Agreement and agrees that it shall provide in each subsequent grant deed to .Parcel C, Parcel F, or any part or portion thereof, the covenants, conditions, and restrictions provided in this Section 201. B. (§ 202) Advances' by the' City to the'Agency to AcqUire the Garage Parcel and'Parcels A and B The City agrees to convey title to Parcels C and F valued at · One Hundred Five Thousand Dollars ($105,000.00) and to advance to the Agency the sum of Three Hundred Forty-Eight Thousand Dollars ($348,000.00) to permit the Agency to acquire the' Garage Parcel and Parcels A and B. The Agency agrees to reimburse the City in the amount and according to the terms and conditions set forth in Section 203 of this Agreement. C, (§ 203) Reimbursement The Agency agrees to reimburse the City for its transfers of title and advances in the amount ofFour Hundred Fifty-Three Thousand Dollars ($453',000.00). 'Said amount shall be paid to the City from proceeds from the sale of the revenue bonds, from the sale of Parcels C and F, from tax increments accruing to the Agency pur- suant to the Redevelopment Plan in accordance with Sections 33670- 33674 of the Community Redevelopment Law, and from any funds which may be legally available to the Agency for payment of said amount. :'; IN WITNESS WHEt~EOF, the partie~ have executed this bursement Agreement as of the date first set out herein. ATTEST: Acting City Clerk APPROVED AS TO FORM: CITY OF BAKERSFIELD .... . By: Mayor Kenneth W. Hoagland City Attorney APPROVED:' Eugene B. Jacobs Special Counsel to the Agency BAKERSFIELD REDEVELOPMENT AGENCY By: By :¸ - 4 - CHESTER AVENUE C × --I C > < , I L ), M STREET ................ EZ/-//B/T ~4'