2008-073 - Payment of the Cost of Improvements to a Publicly Owned Improvement

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around the light wells and total replacement of the flooring on the first floor of the building. E. The improvements to be made to the Grand Central Arts Center will be of benefit to the merged Project Area (and the former Inter City Project Area) as well as benefit the immediate neighborhood. F. The City lacks funds to pay for the reconstruction, repairs and improvements needed by the Grand Central Arts Center at this time, and there are no other reasonable means of financing the improvements. G. Reconstruction and repairs to the publicly owned building will assist in the elimination of one or more blighting conditions in that the new deck and flooring will replace the old dilapidated and unsafe deck and flooring and provide the City with a more safe and sanitary building. Section 2. In accordance with California Environmental Quality Act, environmental review has been completed and a Categorical Exemption, Environmental Review No. 2008-214, will be filed for this project. Section 3. The City Council hereby consents to the additional payment by the Agency of up to $299,700.00 in Agency funds from the Merged Project Area for this publicly owned improvement. The Cooperative Agreement that was executed on August 18, 2008, will be amended to include this increased scope of work and compensation, and will be executed by the Agency and the City. Section 4. The City Manager is hereby authorized to take all steps, and to sign all documents and instruments necessary to implement and carry out the Resolution on behalf of the City. Section 5. The Clerk of the Council shall attest to and certify the vote adopting this Resolution. ADOPTED this 1 ih day of November, 2008. APPROVED AS TO FORM: Joseph W. Fletcher, City Attorney J Resolution No. 2008-073 Page 2 of 3