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ARA-2010-004RESOLUTION NO. ARA- 2010 -004 RESOLUTION OF THE GOVERNING BOARD OF THE ANAHEIM REDEVELOPMENT AGENCY APPROVING AND AUTHORIZING THE EXECUTION OF A COOPERATION AGREEMENT BY AND BETWEEN THE CITY OF ANAHEIM AND THE ANAHEIM REDEVELOPMENT AGENCY FOR THE PROVISION OF PUBLIC IMPROVEMENTS AND MAKING CERTAIN FINDINGS IN CONNECTION THEREWITH WHEREAS, the Anaheim Redevelopment Agency (the "Redevelopment Agency ") is engaged in implementation of the Redevelopment Plan (the "Redevelopment Plan") for the Anaheim Merged Redevelopment Project (the "Redevelopment Project ") in accordance with provisions of the California Community Redevelopment Law (Health and Safety Code Section 33000 et seq.); and WHEREAS, the City of Anaheim (the "City ") and the Orange County Transportation Authority ( "OCTA ") entered into that certain Cooperative Agreement No. C -8 -0855 (the "OCTA Cooperative Agreement ") pursuant to which (i) OCTA agreed to have Southern California Regional Rail Authority /Metrolink design, procure and construct various rail crossing safety improvements and quiet zone related improvements at fourteen (14) railroad grade crossings in the City of Anaheim (the "Project "), and (ii) the City agreed to provide the requisite twelve percent (12 %) local funding match (the "City's Reimbursement Obligation "); and WHEREAS, the Redevelopment Agency is authorized, pursuant to Section 33445 of the Community Redevelopment Law, to pay for all or part of the land for and the cost of the installation of any public facility or improvement either within or outside a particular project area upon a determination of the City Council and Redevelopment Agency that (i) the facilities or improvements are of benefit to the project area or the immediate neighborhood in which the project is located, (ii) that no other reasonable means of financing such facilities and improvements are available to the community, and (iii) that the payment of funds for the costs of such facilities or improvements will assist in the alleviation of one or more blighting conditions inside the project area and is consistent with the implementation plan adopted pursuant to Section 33490 of the Community Redevelopment Law; and WHEREAS, those portions of the Project related to the Downtown crossings at Broadway, Santa Ana, South, Vermont and the Canyon crossings at Jefferson, Miraloma, Tustin and La Palma are of benefit to the Redevelopment Project Area and several affordable housing projects (the "Improvements Benefitting the Redevelopment Project ") and the Redevelopment Agency is willing to fund the City's Reimbursement Obligation related to Improvements Benefitting the Redevelopment Project (the "Redevelopment Agency's Reimbursement Obligation "); and WHEREAS, the Redevelopment Agency's funding of the cost of constructing and installing the Improvements Benefitting the Redevelopment Project is necessary since no other reasonable source of financing the Improvements Benefitting the Redevelopment Project is available to the City; and WHEREAS, the Improvements Benefitting the Redevelopment Project will assist in the elimination of blight within the Project Area and are consistent with the Implementation Plan adopted for the Redevelopment Project, and that the City has or will have the ability to provide for the maintenance of the Improvements Benefitting the Redevelopment Project; and WHEREAS, in furtherance of the public purposes of the Redevelopment Agency and the City, the Redevelopment Agency and the City desire to enter into that certain Cooperation Agreement (Rail Crossing Safety and Quiet Zone Improvements) dated as of August 1, 2010 by and between the City and the Redevelopment Agency (the "Cooperation Agreement ") pursuant to which the City will have OCTA complete the construction of the Project in accordance with the OCTA Cooperative Agreement and Redevelopment Agency will provide the Redevelopment Agency's Reimbursement Obligation; and WHEREAS, the Governing Board of the Redevelopment Agency and the City Council of the City each held public meetings on the proposed Cooperation Agreement, at which time they reviewed and evaluated the proposed Agreement; the benefit to the Anaheim Merged Project Area to be derived from the proposed Agreement; whether other reasonable means of financing the Improvements Benefitting the Redevelopment Project to be provided in part by the Redevelopment Agency pursuant to the terms of the Cooperation Agreement were available; whether the payment of funds for the costs of some of such improvements would assist in the alleviation of one or more blighting conditions inside the Anaheim Merged Project Area and is consistent with the Redevelopment Agency's adopted Implementation Plan; staff reports prepared on this matter; and all of the information, testimony, and evidence presented during the public meetings; and WHEREAS, all actions required by all applicable law with respect to the proposed Cooperation Agreement have been taken in an appropriate and timely manner; and WHEREAS, the Redevelopment Agency has duly considered all terms and conditions of the proposed Cooperation Agreement and believes that the installation of the Improvements Benefitting the Redevelopment Project is in the best interests of the City of Anaheim and the health, safety, and welfare of its residents, and in accord with the public purposes and provisions of applicable state and local laws and requirements. NOW, THEREFORE, BE IT RESOLVED BY THE GOVERNING BOARD OF THE ANAHEIM REDEVELOPMENT AGENCY AS FOLLOWS: Section 1. Section 33445 Findings. The Redevelopment Agency hereby finds and determines, based upon substantial evidence provided in the record before it: A. That the foregoing recitals are true and correct. B. That the Redevelopment Agency has received and heard all oral and written objections to the proposed Cooperation Agreement and to the proposed construction and installation of the Improvements Benefitting the Redevelopment Project in connection therewith and to any other matters pertaining to this transaction, and that all such oral and written objections are hereby overruled. C. That the Cooperation Agreement is of benefit to the Anaheim Merged Redevelopment Project and several affordable housing projects and necessary to effectuate the purposes of the Redevelopment Plan. This finding is based upon the record of the public meetings on the Cooperation Agreement, the Redevelopment Plan and the record of the public hearings for the adoption of the Redevelopment Plan, the reasons expressed herein, and upon the fact that the Improvements Benefitting the Redevelopment Project are needed for accommodating future development and redevelopment, thereby effectuating the purposes of the Redevelopment Plan by encouraging further private redevelopment of the Anaheim Merged Project Area. D. That there are no other reasonable means of financing the construction of the Improvements Benefitting the Redevelopment Project available to the community other than utilizing partial Redevelopment Agency funding. This finding is based upon the record of the public meetings considering the Cooperation Agreement, the reasons expressed herein, and upon the fact that City general fund revenues are required and necessary for vital public services. E. That the Redevelopment Agency's payment of funds for a portion of the costs of the Improvements Benefitting the Redevelopment Project will assist in the alleviation of one or more blighting conditions inside the Anaheim Merged Project Area and is consistent with the Redevelopment Agency's adopted Implementation Plan. This finding is based upon the record of the public meetings considering the Cooperation Agreement, the reasons expressed herein, and upon the fact that the Improvements Benefitting the Redevelopment Project will materially assist in accomplishing certain stated goals and objectives of the Implementation Plan. F. That the City has or will have the ability to maintain the Improvements Benefitting the Redevelopment Project. Section 2. Approval of Cooperation Agreement. The Cooperation Agreement, a copy of which is on file with the City Clerk, is hereby approved. Section 3. Authorization to Execute and Administer the Cooperation Agreement. The Executive Director of the Redevelopment Agency, or the Executive Director's designee, is hereby authorized to execute and administer the Cooperation Agreement on behalf of the Redevelopment Agency. 3 THE FOREGOING RESOLUTION IS PASSED, APPROVED AND ADOPTED BY THE GOVERNING BOARD OF THE ANAHEIM REDEVELOPMENT AGENCY THIS TWENTY - FOURTH (24 DAY OF AUGUST, 2010, BY THE FOLLOWING ROLL CALL VOTE: AYES: Chairman Pringle, Agency Members Sidhu, Hernandez, Galloway, Kring NOES: NONE ABSTAIN: NONE ABSENT: NONE � ex CHAIRMAN ATTES . SECRETARY APPROVED AS TO FORM: CRISTINA t TALLEY, CITY ATTORNEY LIN 78314.1 E. WOODHEAD IV [pt City Attorney E