HomeMy WebLinkAboutResolution No. 4748RESOLUTION NO. 4748
A RESOLUTION AUTHORIZING THE SIGNING
OF A LEASE OP 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
(San Rafael Redevelopment Agency - Repayment Agreement.- Fifth
and Lootens Parking Lot)
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 re-qular meeting of the
City Council of said City held on Monday the 17th
day of June 19 74 by the following vote,
to wit:
AYES: COUNCILMEN: Jensen, Miskimen.,. Nixon and Mayor Bettini
NOES: COUNCILMEN: None
ABSENT: COUNCILMEN: Mulryan
MARION A. GRADY
City Clerk
SAN RAFAEL REDEVELOPMENT PROJECT
CONTRACT
THIS AGREEMENT entered into this 17th day of June ,
1974 by and between the San Rafael Redevelopment Agency (hereinafter
called "Agency") and the City of San Rafael (hereinafter called
"City").
RECITALS:
1. In furtherance of Resolution No. 74-14 dated
lltoum�,. ,� �' , 1974, passed by the Agency and 'Resolution
No. /,'�,.`. , dated June 17 , 1974, passed by the
City Council of San Rafael, this Contract is entered into between
the City and the Agency.
2. By San Rafael City Council Ordinance No.. 1079, the
Agency is vested with the responsibility for carrying out the
Central San Rafael Redevelopment Project (hereinafter called
"Project").
3. To assure the successful redevelopment of the Project
and at the special instance and request of the Agency, the City
has made and shall make certain capital improvements within the
Project area as part of the redevelopment program.
4. At the special instance and request of the Agency one
of the improvements the City will undertake in the Project Area
is the constructon of a Parking Lot at Fifth and Lootens Streets.
By the above resolutions, the City and Agency both recognize the
desirability of a municipal parking lot in the Project in order
to alleviate parking problems.
5. At present the land is owned by the Agency. The Agency
will deed title to the land to the City when this Contract is
signed.
6. The City and the Agency have an understanding that the
Agency will repay an amount not to exceed Sixteen Thousand Dollars
($16,000) to the City for the construction of said Parking Lot.
It is further understood by both the City and the Agency that the
cost of the construction of the Parking Lot might exceed $16,000,
but that the Agency shall only be responsible for costs up to
said $16,000.
NOW THEREFORE, the City and the Agency agree:
1. The Agency agrees to deed to the City the title to the
real property at Fifth and Lootens Streets, (said real property
is more particularly described in Exhibit "A" attached to this
agreement and incorporated herein by reference), and to reimburse
the City for costs incurred by the City up to the amount of
$16,000 for construction of a Parking Lot upon said land.
Said reimbursement shall be derived solely from tax increment
funds generated from the central San Rafael Redevelopment Project.
Said Parking Lot is built as one of the capital improvements made
within the Project Area as part of the redevelopment program.
2... The City agrees to accept the title to said land, to
build a Parking Lot in conformance with said resolutions, and
understands that the costs of construction of said Parking Lot
might exceed Sixteen Thousand Dollars ($16,000); however all
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costs exceeding $16,000.00 shall be borne by the City which shall
expect no repayment for said excess costs from the Agency.
IN WITNESS WHEREOF the Mayor of the City by Resolution No.
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. a of said
Agency thereunto duly authorized has caused the sum of said San
Rafael Redevelopment Agency to be affixed hereto on the date and
year first hereinabove written.
Attest:
City of San Rafael
By:
San Rafael Redevelopment Agency
By:
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