HomeMy WebLinkAbout91-03 RDA ResolutionRESOLUTION NO. RDA 91-03
~LUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF TEMECULA APPROVING A SALES TAX
ALLOCATION AGREEME~ BY AND BETWEEN THE
REDEVELOPMENT AGENCY OF THE CITY OF
TEMECULA AND THE CITY OF TEMECULA DATED AS
OF JULY 23, 1991
THE REDEVELOPMENT AGENCY OF THE CITY OF TEMECULA DOES HEREBY
RESOLVE AS FOLLOWS:
Section 1. The Redevelopment Agency of the City of Temecula does hereby find,
determine and declare that:
A. The proposed Sales Tax Allocation Agreement would provide for
City assistance to the Agency pursuant to the Community Redevelopment Law in order to assist
the Agency in meeting its obligations pursuant to that certain Owner Participation Agreement
dated as of July 23, 1991 by and between the Agency and Costco Wholesale Corporation for the
redevelopment of certain property for a major retail and wholesale warehouse sales facility.
B. Completing the redevelopment of the site pursuant to the proposed
Owner Participation Agreement and the City providing assistance to the Agency to accomplish this
goal and meet its obligations pursuant to the Owner Participation Agreement is in the vital and
best interest of the City of Temecula and the health, safety and general welfare of its residents and
is in accordance with the public purposes and provisions of the Redevelopment Plan for the
Temecula Redevelopment Project Area.
C. The Agreement approved by this Resolution pertains to and affects
the ability of the Agency to finance its statutory obligations and its obligations under the Plan and
for both the City and Agency to finance and carry out the purposes of this Agreement and is
intended to be a contract within the meaning of Government Code Section 53511.
Section 2. The Redevelopment Agency of the City of Temecula hereby approves that
certain agreement dated as of July 23, 1991 entitled "Sales Tax Allocation Agreement" by and
between the Redevelopment Agency of the City of Temecula and the City of Temecula and
authorizes the Chairperson of the Agency to execute said agreement in substantially the form
attached hereto as Exhibit A.
Section 3. The Secretary shall certify the adoption of this Resolution.
Rcaos'~RDA91-03 1
PASSED, APPROVED AND ADOPTED this 23rd day of July, 1991.
Peg Moore, Chairperson
ATrEST:
S.~, ~i~y'~' ~--g)
June Clerk/Agen~'-y-S'ecretary
[SEAL]
STATE OF CALIFORNIA)
COUNTY OF RIVERSIDE) ss
CITY OF TEMECULA )
I, June S. Greek, City Clerk/Redevelopment Agency Secretary of the City of Temecula,
HEREBY DO CERTIFY that the foregoing Resolution No. RDA 91-03 was duly adopted at a
regular meeting of the Redevelopment Agency of the City of Temecula on the 23rd day of
July, 1991, by the following roll call vote:
AYES:
5 AGENCY MEMBERS: Birdsall, Lindemans, Mufioz, Parks, Moore
NOES:
0 AGENCY MEMBERS: None
ABSENT: 0 AGENCY MEMBERS: None
ResoskRDA91-03 2