90-101 RESOLUTION NO. 90RL101
RESOLUTION OF THE CITY OF ANAHEIM APPROVING AND
AUTRORIZING THE EXECUTION OF A FINANCING
AGREEMENT WITH THE ANAHEIM REDEVELOPMENT AGENCY
AND MAKING CERTAIN FINDINGS REGARDING PUBLIC
IMPROVEMENTS.
WHEREAS, the Anaheim Redevelopment Agency (the "Agency") is
carrying out the Amended Redevelopment Plan (the "Redevelopment
Plan") for the River Valley Redevelopment Project, (the
"Project"); and
WHEREAS, the Agency has received a proposed Owner
Participation Agreement (the "OPA") from Participant, including
a Financing Agreement attached thereto as Attachment No. 4,
providing for the development of a retail shopping center on
certain real property (the "Site") located within the
boundaries of the Project; and
WHEREAS, pursuant to the OPA, the Agency will be
responsible for a portion of the costs of certain public
improvements to be constructed and installed in connection with
the development of the Site; and
WHEREAS, pursuant to Section 33445 of the Community
Redevelopment Law, the Agency is authorized with the consent of
the City Council to be responsible for all or any part of the
value of and the cost of installation and construction of any
building, facility, structure or other improvement which is
publicly owned either within or without the Project Area upon a
determination by the City Council that such building, facility,
structure or other improvement is of benefit to the Project
Area or the immediate area in which the Project is located and
that no other reasonable means of financing such building,
facility, structure or other improvement is available to the
community.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Anaheim as follows:
Section 1. The City Council hereby finds and determines
that the provision of public improvements by the Agency in
connection with the development of the Site in the manner set
forth in the OPA is of benefit to the Project Area and that no
other reasonable means of financing such public improvements is
available to the community, and the Agency is authorized, based
upon consent of the City Council, to participate in the costs
for all or part of the land the costs of installation and
construction of such public improvements in accordance with the
OPA.
Section 2. The City Council hereby approves and
authorizes execution of the Financing Agreement and the Mayor
and City Clerk are hereby authorized and directed to execute
said Financing Agreement on behalf of the City after the same
has been formally approved and executed by the Agency.
ADOPTED this .27th day of March , 1990.
ATTEST
C i ty~Cle r~
I hereby certify that the foregoing Resolution was
duly and regularly adopted by the Anaheim City Council at a
regular meeting thereof held on the 27th day of
March , 1990, by the following vote:
AYES: Daly, Ehrle, Kaywood, Pickler and IIunter
NOES: None
ABSENT: None
ABSTAIN: None
City Clerk
03/06/90
8619n/2621/16 - 2
CLERK
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF ANAHEIM )
I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that
the foregoing Resolution No. 90R~101 was introduced and adopted at a regular
meeting provided by law, of the City Council of the City of Anaheim held on
the 27th day of March, 1990, by the following vote of the members thereof:
AYES: COUNCIL MEMBERS: Daly, Ehrle, Kaywood, Pickler and Hunter
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
AND I FURTHER certify that the Mayor of the City of Anaheim si~ed said
Resolution No. 9OR-101 on the 28th day of March, 1990.
IN WITNESS WHEREOF~ I have hereunto set my hand and affixed the seal of the
City of Anaheim this 28th day of March, 1990.
CITY CLERK OF THE CITY OF ANAHEIM
(SEAL)
I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that
the foregoing is the original of Resolution No. 90R-101, duly passed and
adopted by the Anaheim City Council on March 27, 1990.
CITY CLERK OF THE CITY OF ANAHEIM