RDA Agmt 2011 City - Laserfiche WebLink

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helping to eliminate blight within the Project Areas, or will directly assist in the provision of housing for low- or moderate- income persons; (3) No other reasonable means of financing the acquisition of the land or the installation or construction of the buildings, facilities, structures, or other improvements that are publicly owned, are available to the community; (4) The payment of funds for the acquisition of land or the cost of buildings, facilities, structures, or other improvements that are publicly owned is consistent with the implementation plan adopted pursuant to CRL Section 33490; and (5) The acquisition of land and the installation of each building, facility, structure, or improvement that is publicly owned is provided for in the Redevelopment Plan. E. On the basis of the information and evidence presented to the City Council and the governing board of the Redevelopment Agency and provided in the staff report and other materials accompanying the resolutions approving this Agreement, the City Council and the Redevelopment Agency have adopted the findings described in Recital D with respect to the public improvements to be funded by the Agency pursuant to this Agreement. F. The Parties desire to enter into this Agreement to set forth activities, services, and facilities that the City will undertake or make available to the Agency in furtherance of the redevelopment of the Project Area, and to provide that the Agency will pay for or reimburse the City for actions undertaken and costs and expenses incurred for and on behalf of the Agency or otherwise in furtherance of the redevelopment of the Project Areas. NOW, THEREFORE, in consideration of the mutual covenants, conditions and promises herein contained, the Parties hereby agree as follows. 1. Term. The term of this Agreement shall commence on the Effective Date, and shall continue in effect until the later of the expiration date of the West San Leandro Redevelopment Plan or the expiration date of the Plaza Redevelopment Plan, each as in effect on the Effective Date of this Agreement. Notwithstanding the foregoing, the Parties agree that if and to the extent any payment obligation incurred by the Agency pursuant to this Agreement may extend beyond the term during which the Agency is authorized to undertake activities pursuant to state law, such obligations shall be paid from resources available to the Agency or its successor in interest (subject to Section 5 below). including without limitation, tax increment revenue available to the Agency or its successor pursuant to Article XVI, Section 16 of the California Constitution and CRL Section 33670, the proceeds of bonds or other indebtedness heretofore or hereafter issued by the Agency (subject to applicable limitations imposed by federal law and the applicable bond indenture and related documents), reserve funds (to the extent not otherwise legally obligated), lease revenues, interest, and proceeds from the sale of land or other assets. 2. City to Provide Services. In support of the redevelopment of the Project Areas the City agrees to provide the staffing and other services described in the attached Exhibit A. Agency 1576130.1 2