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HomeMy WebLinkAbout5314 RESOLUTION NO. 5314 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA, SETTING A CERTAIN PUBLIC HEARING IN CONNECTION WITH THE COMMITMENT BY THE ARCADIA REDEVELOPMENT AGENCY FOR THE USE OF TAX INCREMENT REVENUES TO PAY FOR THE INSTALLATION AND CONSTRUCTION OF A PUBLICLY OWNED BUILDING PURSUANT TO HEALTH AND SAFETY CODE SECTION 33679 WHEREAS, the Arcadia Redevelopment Agency (the "Agency") proposes to issue an aggregate principal amount not to exceed $4,000,000 of "Arcadia Redevelopment Agency. Central Redevelopment Project, Tax Allocation Notes. Issue of 1986" (the "Notes"); and WHEREAS, it is proposed that the Agency and the City of Arcadia, California (the "City") enter into a certain reimbursement agreement by and between the Agency and the City (the "Reimbursement Agreement") whereby the Agency shall pledge all or a portion of certain tax increment revenues available to the Agency pursuant to Health and Safety Code Section 33670(b) for reimbursement to the City of amounts that may be advanced from time to time by the City for payments to be made in connection with the installation and construction of a certain publicly owned building all as more fully described in said Reimbursement Agreement; and WHEREAS, Health and Safety Code Section 33679 requires that a public hearing be held by the City Council of the City of Arcadia, - 1 - 5314 California (the "City Council") prior to the commitment by the Agency to use tax increment revenues for the purpose of paying all or part of the cost of the installation and construction of a publicly owned building which public hearing shall be held by the City Council of the City; and WHEREAS, the Agency has approved a certain summary which has been prepared in accordance with Health and Safety Code Section 33679 regarding the installation and construction of said publicly owned building; and WHEREAS, the Agency has requested the City Council of the City to conduct a public hearing concerning the commitment of the Agency to use all or a portion of certain tax increment revenues which may hereafter be allocated and paid to the Agency for the purpose of paying all or part of the cost of the installation and construction of the publicly owned building as more fully described in said Reimbursement Agreement; and WHEREAS, it is appropriate at this time for the City Council of the City to take appropriate action in connection with said request of the Agency. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1, The City Council hereby accepts the request of the Agency, as referenced in the recitals hereof, and the City - 2 - 5314 Council hereby orders and schedules a public hearing to be conducted in accordance with Health and Safety Code Section 33679 regarding the proposed commitment of the Agency to use all or a portion of certain tax increment revenues ln connection with said Reimbursement Agreement and said publicly owned building, as follows: Time: Date: Place: 7:30 p,m, August 19, 1986 City Council Chambers 240 West Huntington Drive Arcadia, California 91006 SECTION 2. The City Council is hereby authorized and directed to publish a notice of said public hearing as ordered and scheduled in Section 1 of this Resolution substantially in the form as attached hereto as Exhibit "A" and incorporated herein by this reference in the manner prescribed by law, SECTION 3, This Resolution shall take effect upon adoption, Passed, approved and adopted this 5th day of August , 1986. Y17~flf(~'~ Mayor 0 the Ci y of Arcadia, California ~u 7/!1~ City Clerk of the City 0 Arcadia -- ,- r -:-'- - :;- ~t-.'-~ ~~\ " ". ~ .'<'~ J-:',-"~v. ,. ~'~:'.~ ','~---~,,~.-,:' .';."- - - ...'-;;r.~_\. _, _;--::'Y',~ . -;::;:;...-..:.."':::.-..._';.,.....'''''::'~G .>~ 'Z:>v:J~~.,-, -. ~::./ - 3 - 5314 STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES) SS: CITY OF ARCADIA ) I, CHRISTINE VAN MAANEN, City Clerk of the City of Arcadia, California, hereby certify that the foregoing Resolution No, 5266 was passed and adopted by the City Council of the City of Arcadia, California, signed by the Mayor and attested to by the City Clerk at a regular meeting of said City Council on the 5th day of August , 1986, and that said Resolution was adopted by the following vote, to-wit: AYES: Councilmen Chandler, Gilb, Harbicht and Young NOES: None ABSENT: Councilman Lojeski &~~~~ City Clerk of the City of Arcadia California 4 - 5314 Exhibit "A" NOTICE OF THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA SETTING A PUBLIC HEARING PURSUANT TO HEALTH AND SAFETY CODE SECTION 33679 PUBLIC NOTICE IS HEREBY GIVEN that the City Council of the City of Arcadia, California (the "City"), shall conduct a public hearing as required pursuant to Health and Safety Code Section 33679 for the purpose of considering a proposal of the Arcadia Redevelopment Agency (the "Agency") to commit to use all or a portion of certain taxes to be allocated and paid to the Agency pursuant to Health and Safety Code Section 33670(b) pursuant to a certain proposed Reimbursement Agreement by and between the City and the Agency, The time, date and place of said public hearing are as follows: Time: Date: Place: 7:30 p,m. August 19, 1986 City Council Chambers 240 West Huntington Drive Arcadia, Californi~ 91006 Said Reimbursement Agreement shall provide for the Agency to reimburse the City for amounts advanced by the City for payments in connection with the proposed installation and construction of a municipal public works yard, A summary, dated as of August 5, 1986, has been prepared in accordance with Health and Safety Code Section 33679 regarding the proposed commitment of the Agency to use all or a portion of certain A -1