HomeMy WebLinkAbout00-04 RDA ResolutionRESOLUTION NO. RDA 2000-04
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
REDEVELOPMENT AGENCY OF THE CITY OF TEMECULA AP-
PROVING THAT CERTAIN ENVIRONMENTAL INDEMNIFICATION
AND REMEDIATION AGREEMENT BY THE CITY OF TEMECULA
AND THE REDEVELOPMENT AGENCY OF THE CITY OF
TEMECULA TO INDUCE CALIFORNIA BANK & TRUST AND THE
UNITED STATES SMALL BUSINESS ADMINISTRATION TO
PROVIDE A LOAN TO RICHARDSON REAL ESTATE, LLC FOR
PROPERTY WITHIN REDEVELOPMENT PROJECT NO. 1--1988
THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF THE CITY OF
TEMECULA DOES HEREBY RESOLVE AS FOLLOWS:
Section 1. The Board of Directors of the Redevelopment Agency of the City of Temecula
hereby finds, determines and declares that:
a. The Redevelopment Agency of the City of Temecula ("Agency") is a
community redevelopment agency duly organized and existing under the Community
Redevelopment Law ("CRL"), Health and Safety Code Sections 33000 et seq. and has
been authorized to transact business and exercise the powers of a redevelopment agency
pursuant to action of the City Council of the City of Temecula.
b. On June 12, 1988, the Board of Supervisors of the County of Riverside
adopted Ordinance No. 658 adopting and approving the "Redevelopment Plan for Riverside
County Redevelopment Project No. 1-1988" (hereafter the "Plan") in accordance with the
provisions of the CRL. On December 1, 1989, the City of Temecula was incorporated. The
boundaries of the Project Area described in the Plan are entirely within the boundaries of
the City of Temecula. On April 9, 1991, the City Council of the City of Temecula adopted
Ordinances Nos. 91-08, 91-11,91-14, and 91-15 establishing the Redevelopment Agency
of the City of Temecula and transferring jurisdiction over the Plan from the County to the
City. Pursuant to Ordinance Nos. 91-11 and 91-15, the City of Temecula and the
Redevelopment Agency of the City of Temecula assumed jurisdiction over the Plan as of
July 1, 1991.
c. The Agency Board has duly considered all terms and conditions of the
proposed Agreement and believes that such agreement is in the best interests of the
Agency and City and the health, safety, and welfare of its residents, and in accord with the
public purposes and provisions of applicable State and local law requirements.
Section 2. The Board of Directors of the Redevelopment Agency of the City of Temecula
hereby approves that certain agreement entitled "Environmental Indemnification and Remediation
Agreement" by the City of Temecula and the Redevelopment Agency of the City of Temecula,
jointly and severally (together, "lndemnitor"), in order to induce California Bank & Trust ("Lender")
and the United States Small Business Administration ("SBA") to provide a loan to Richardson Real
Estate, LLC, a California limited liability company ("Borrower") with such changes as may be
mutually agreed upon by the SBA and the Agency Executive Director as are minor and in
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substantial conformance with the form of such Agreement as is on file in the Office of the Agency
Secretary,
Section 3. The Executive Director of the Agency (or his designee) is hereby authodzed,
on behalf of the Agency, to execute the Agreement and take all actions necessary and appropriate
to carry out and implement the Agreement and to administer the Agency's obligations, respon-
sibilities and duties to be performed under the Agreement
Section 4. The Secretary of the Agency shall certify the adoption of this Resolution.
PASSED, APPROVED AND ADOPTED, by the Board of Directors of the Temecula
Redevelopment Agency this 25th day of April, 2000.
Ron Roberts, C airperson
ATTEST:
Susan W. Jones, ' Agenc
[SEAL]
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Susan W. Jones, CMC, Secretary of the Temecula Redevelopment Agency, do hereby
certify that the foregoing Resolution No. RDA 2000-04 was duly adopted by the Board of Directors
of the Temecula Redevelopmerit Agency at a regular meeting thereof held on the 25th day of Apdl,
2000, by the following vote:
AYES:
5 AGENCY MEMBERS:
Comerchere, Naggar, Pratt, Stone, Roberts
NOES:
0 AGENCY MEMBERS: None
ABSENT: 0 AGENCY MEMBERS: None
Sus , CMC
Clerk/ cretary
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