HomeMy WebLinkAboutResolution No. 5119RESOLUTION NO. 5119
A RESOLUTION AUTHORIZING THE SIGNING
OF A LEASE OR AGREEMENT
THE CITY COUNCIL OF THE CITY OF SAN RAFAEL HEREBY RESOLVES as follows:
The MAYOR and CITY CLERK are authorized to execute, on behalf
of the City of San Rafael a lease or agreement with
the San Rafael Redevelopment Agency (second amendment to the Repayment
Contract, Central San Rafael Redevelopment Project --pertaining to purchase
of Parking Lot Property, Fifth and "D" Streets)
A copy of which is hereby attached and by this reference made a part
hereof.
I, MARION A. GRADY, City Clerk of the City of San Rafael, hereby
certify that the foregoing resolution was duly and regularly introduced
and adopted at a
regular meeting of the City Council of said
City held on Monday the
19 76 , by the following vote, to wit:
7th day of June
AYES: COUNCILMEN: Jensen, Miskimen, Mulryan, Nixon and Mayor Bettini
NOES: COUNCILMEN: None
ABSENT: COUNCILMEN: None
MARION A. GRADY - City Cler
W A
AMENDMENT TO THE
REPAYMENT CONTRACT
CENTRAL SAN RAFAEL REDEVELOPMENT PROJECT
This is the second amendment tp the Repayment Contract
for the Central San Rafael Redevelopment Project made this
7th day of June , 1976, by and between the
City of San Rafael (hereinafter called "City") and the San
Rafael Redevelopment Agency (hereinafter called "Agency").
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1. On October 8, 1973, the City and Agency entered into a
Repayment Contract of which this is an amendment by which the
Agency had agreed to reimburse the City for all expenses incurred
in connection with capital improvements the City had' -made or in
the future would make within the project area as part of the
redevelopment program.
2. One of the projects which the City was they in the process
of undertaking was -the acquisition of property at: 5th -and D Streets
in the City of San Rafael and the subsequent improvement of said
property for parking purposes in connection with the redevelopment
of the downtown area within the Central San Rafael Redevelopment
Project. At this time, the Agency did not have sufficient funds
to undertake the acquisition and development of the site and the
City therefore undertook such obligations with the understanding
thcLL such costs would be reimbursed -to the City when the Agency
had sufficient tax increment funds available.
3. In addition to general public parking which is provided
by this facility, parking is provided in connection with the
Redevelopment Agency in as much as this property is adjacent to
the offices of the Redevelopment Agency.
4. In addition to the costs expended by the City for the
acquisition and improvement -of this capital improvement, the
Agency provided staff assistance in terms of acquisitiolz and
relocation of individuals then located upon the site.
5. At the time of the initiation of this project, the
Agency did not have sufficient funds to pay for purchase of
the property and/or the subsequent improvements. These funds
were advanced by the City in anticipation of repayment by the
Agency pursuant to the Repayment Contract.
6. It has been found and determined by both the Agency and
the Council that this project was, and remains, a benefit to the
project area.
7. Although generally provided by paragraph 3 of the original
Repayment Contract, the parties agree that the original paragraph 3
of -the Repayment Contract concerning reimbursement to the City for
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C1-11):iLa] i.nip.covements is imprecise and that therefore said Contract
should be amundod to more specifically I,)rovide for the repayment
to the City for those coats incurred in the acquisition and deve-
lopment of the 5th and D Streets parking lot.
CITY AND AGENCY AGREE:
That pursuant to paragraph 3 of the original Repayment Con-
tract, the Agency shall reimburse the City for the costs of
acquisition and development of the parking lot at 5th and D
Streets within the Central San Rafael Redevelopment Project.
It is found and determined that such parking facility was
and is a benefit to the project area and that the City skull be
reimbursed the following costs:
Purchase of land
Improvements
Landscaping
Total
$147,431
$ 19,487
$ 2,719
$169,637
1
Said amount shall be a debt of the Agency and shall be paid
to the City in the manner provided in Section 4 of the Repayment
Contract.
IN WITNESS WHEREOF, the Mayor of the City of San Rafael by
Resolution No. 5119 thereunto duly authorized has caused the
name of said City of San Rafael to be affixed hereto and the
Executive Director of the San Rafael Redevelopment Agency by
Resolution No. 76-1 of said Agency thereunto duly authorized
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has C�L.I:,,,d the iiam,� of said San Rafael Redevelopment Agency to
he of f ixud hereto on the date and year first hereinabove written.
ATTEST:
C ITY OF SAN RAFAEL
By
SAN RAFAEL REDEVELOPMENT AGENCY
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