1994-01 CRA - Laserfiche WebLink

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. . . WHEREAS, California Health and Safety Code section 33445 requires the Agency to determine, prior to paying any portion of the cost of construction of the Recreation Center, that the Recreation Center is of benefit to the Project Area, that no other reasonable means of financing the construction of the publicly owned building is available to the City and that the use of Agency funds to pay a portion of the cost of construction of the Recre- ation Center will assist in the elimination of one or more blighting conditions in the Project Area; and WHEREAS, the factual basis supporting such determinations has been discussed in the Report entitled, "Recreation Center for Rosita Park" attached hereto as Exhibit A; and WHEREAS, the Agency has considered such Report and has held a public hearing as required by California Health and Safety Code § 33679 for the purpose of receiving public input and comment on the proposed agreement; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA ANA DOES HEREBY RESOLVE AS FOLLOWS: 1. It is hereby determined that: (a) The Recreation Center will be of benefit to the Project Area; (b) No other reasonable means of financing the con- struction of the Recreation Center are available to the community; and (c) The use of Agency funds for the cost of construc- tion of the Recreation Center will assist in the elimination of one or more blighting conditions inside the project Area. 2. The Agency is hereby authorized to contribute up to $2 million in Agency funds from the project Area to finance a portion of the cost of construction of the Recreation Center. Subject to the $2 million maximum, the use of Agency funds shall be in accordance with that certain Cooperation Agreement, dated June 16, between the Agency and the City. 2