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HomeMy WebLinkAboutResolution No. 5012RESOLUTION NO. 5012 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 Redevelopment Repayment Contract 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 25th _ day of August , 19 75 , by the following vote, to wit: AYES: COUNCILMEN: Jensen, Miskimen, Mulryan, Nixon and Mayor Bettini NOES: COUNCILMEN: None ABSENT: COUNCILMEN: None MARION A. GRADY - City Cle ORIttNkI MARINA LOAN REPAYMENT AGREEMENT This Agreement is made and entered into this day of September, 1975, by and between the City of San Rafael, hereinafter "City," and the San Rafael Redevelopment Agency, hereinafter "Agency." RECITALS: 1. On the 20th day of November, 1972, the City Council of the City of San Rafael adopted the Central San Rafael Rede- velopment Plan. Included within the boundaries of said project is a marina area which the Agency, pursuant to said plan, was to upgrade so as to eliminate blighting influences within the project area. 2. To assist in this process, the City of San Rafael, pursuant to Section 5002 of Title 14 of the California Adminis- trative Code, filed a formal application for a planning loan of $35,000 with the State Department of Navigation and Ocean Deve- lopment for the purpose of planning the development of small craft harbor facilities. 3. It has been found and determined by both the Agency and the City that the planning of said facilities and their ultimate construction is a benefit to the project area. 4. On July 28, 1975, the City entered into a Planning Loan Agreement with the Department of Navigation and Ocean Development whereby the Department agreed to loan the City $35,000 to assist in the planning of a small craft harbor facility. Said Agreement is attached hereto as Exhibit A and i nrorporciLed lierOi n b�, rcfe•i-ciico. AGREED: As said planning of harbor facilities has been determined to be a benefit to the Central San Rafael Redevelopment Project Area, the Agency hereby agrees to repay to the City solely out of tax increment funds generated within the project area to the extent those funds are legally available to the Agency for the planning of said harbor facilities an amount not to exceed the principal sum of $35,000 plus accrued interest at an interest rate of 4 1/20 per annum as set forth in that certain Agreement between the City and Department of Navigation and Ocean Development dated July 28, 1975. Payment by Agency shall be used to repay the Department of Navigation and Ocean Development pursuant to said loan contract. ATTEST: CITY OF SAN RAFAEL By C. Paul Bettini, Mayor SAN RAFAEL REDEVELOPMENT AGENCY By Marion A. Grady, City Clerk William J. Bielser, Executive Director -2-