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3.20.040
<br /> D. The obligation of the agency under 3.20.040 Financing of facilities or
<br /> such contract shall constitute an indebtedness capital equipment.
<br /> of the agency for the purpose of carrying out Within the project area and as part of a
<br /> the redevelopment project for the project area, development or rehabilitation agreement for
<br /> which indebtedness may be made payable out property that will be used for industrial or
<br /> • of tax increment funds, or out of any other manufacturing purposes, the agency may
<br /> •
<br /> available funds. assist with the financing of facilities or capital
<br /> E. In a case where the land has been or equipment, including, but not necessarily
<br /> •
<br /> will be acquired by, or the cost of the limited to, pollution control devices. Before
<br /> installation and construction of the building, entering into an agreement providing for such
<br /> facility, structure or other improvement has assistance, the agency shall find, after a public
<br /> been paid by, a parking authority, joint powers hearing, that the assistance is necessary for the
<br /> entity, or other public corporation to provide a economic feasibility of the development and
<br /> building, facility, structure, or other that the assistance cannot be obtained on
<br /> improvement which has been or will be leased economically feasible terms in the private
<br /> to the city, the contract may be made with, market. (Ord. 99 -025 § 209.4, 1999)
<br /> and the reimbursement may be made payable
<br /> to, the city. 3.20.050 Preparation of building
<br /> F. Before the agency commits to use tax sites.
<br /> increment funds to pay all or part of the value
<br /> of the land for, and the cost of the installation Subject to the limitations contained
<br /> and construction of, any publicly owned herein, the agency is authorized to develop as
<br /> building, other than parking facilities, the city a building site any real property owned or
<br /> council shall hold a public hearing in acquired by it. In connection with such
<br /> rmity with Health and Safety Code development it may cause, provide or
<br /> confo onf o n 33679. undertake or make provision with other
<br /> agencies for the installation, or construction of
<br /> G. The agency shall not pay for the normal
<br /> maintenance or operations of buildings, streets, utilities, parks, playgrounds and other
<br /> facilities. structures, or other improvements public improvements necessary for carrying
<br /> that are publicly owned. The agency shall not out the plan in the project area.
<br /> use tax increment funds to pay for. either B. The agency may construct foundations,
<br /> directly or indirectly, the construction or platforms, and other like structural forms
<br /> rehabilitation of a building that is, or that will necessary for the provision or utilization of air
<br /> be, used as a city hail or county administration
<br /> rights sites for buildings to be used for
<br /> building, except as permitted by the residential, commercial, industrial, or other
<br /> Community Redevelopment Law. (Ord. 99 uses contemplated by plan.
<br /> C. Without the prior consent of the city
<br /> 025 § 209.3, 1999) council, the agency may not develop a site for
<br /> industrial or commercial use so as to provide
<br /> streets, sidewalks, utilities, or other
<br /> improvements that an owner or operator of the
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