HomeMy Public PortalAbout85-125 (09-26-85)RESOLUTION 110. f3 5 - 1 2 5
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
LYNWOOD DETERMINING THAT THE CONSTRUCPION OF A
EI PUBLIC PARKING STRUCTURE ON ALA~~IEDA STREEP IS OF
BEIIFE'IT TO THE AREA A PROJECT AND THE SURROUNDING
NEIGHBORHOOD IN WHICH THE PROJECT IS LOCATID AND
DETERMINING THAT THERE ARE NO OTHII2 REASONABLE
MEANS OI' FINANCING SAID IMPROVEMENT'S AND APPRO~7-
ING A REIRBURSII~NP AGREE'.'flENTP WITH THE LYNNv[~OD
RIDEVELOPMENP AGENCY AND AUTHORIZING THE EXECU-
TION THEREOF.
WHEREAS, the Lynwood Redevelopment Agency ("Agency") is hereby
authorized to carry out redevelopment activities in the Area "A" Project Area
("Project Area") pursuant to the Redevelopment Plan for the Project Area ap-
proved and adopted by this City Council by Ordinance No. 1111 adopted on De-
cember 16, 1980 (hereinafter the "Redevelo~nent Plan"); and
WHEREAS, the City Council desires to construct a public parking
lot generally located on the west side of Little Alameda, between Century and
Fernwood (hereinafter referred to as Public Parking Lot); and
WHEREAS, the Agency desires to assist the City by paying all of
the costs of the acquisition and construction of the Public Parking Lot Project
from tax revenues received by the Agency from the Project Area and allocated to
the Agency pursuant to Health and Safety Code Section 33670 ("Tax Increment");
""~`' and
WHEREAS, Health and Safety Code Section 33445 provides, in per-
tinent part, that a redevelopment agency may, with the consent of the legisla-
tive body, pay all or part of the cost of the installation and construction of
any building, facility, structure or other improvement which is publicly owned,
either within or without the Project Area upon the determination by the legis-
lative body that such buildings, facilities, structures, or other improvements
are of benefit to the Project Area or the immediate neighborhood in which the
Project Area is located and that no other reasonable means of financing such
buildings, facilities, structures or other improvements are available to the
community; and
WHEREAS, there has been presented to the Agency at this meeting
the form of a Reimbursement Agreement (the "Reimbursement Agreement") pursuant
to which the Agency agrees to reimburse the City for all costs incurred in con-
nection with the acquisition and construction of the Public Parking Lot Project.
NOW, THEREFORE, the City Council of the City of Lynwood does
hereby resolve as follows:
Section 1: The City Council hereby determines that the con-
struction and installation of the Public Parking Lot Project is of benefit to
the Project Area arr7 the surrounding neighborhood in which the said project is
`~ located.
Section 2: The City Council further determines that no other
reasonable means of financing the acquisition, construction and installation of
the Public Parking Lot Project is available except with Tax Increment.
Section 3: The City Council hereby approves the form of the Re-
imbursement Agreement presented to the City Council at this meeting and autho-
rizes and directs the Mayor and City Clerk to execute the Reimbursement Agree-
ment on behalf of the City.
PASSED, APPROVED AND AbOPTED ~y-the City Cn'anvil of the City
of Lyrn,~1 at_ a regular meeting duly held on S e p t e m b e r 2 6 ., 1 9 8 5
JOHDT BYORK, Z or
ATTEST:
Andrea Hooper, City Clerk
City of Lynwood REFER TO P,E IMBURSEMENT
CONTRACT RESOLUTION
NO. LP,A 85-30
APPROVED AS TO CONPENI':
~~
Patrick P. Importu
Catununity Develolanent Director
APPROVED AS TO FORM:
City Attorney
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
ss.
I, the undersigned, City Clerk of the City of Lynwood, do hereby
certify that the foregoing resolution was passed and adopted by the City Council
of the City of Lynwood at a regular meeting held on the 26th day of September,
1985.
I
AYES: Councilmen Henning, Morris, Rowe, Thompson, Byork
NOES: None
Absent: None
City Clerk, City of Lynwood