8O Consent 2012 0604 - Laserfiche WebLink

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File Number: 12 -294 WHEREAS, completion of the Public Improvements will be of benefit to all taxing entities that share in the property tax revenue generated by property located within the redevelopment project areas because such improvements will remove impediments to development, eliminate adverse conditions in the project areas, improve vehicular circulation, provide safer routes for pedestrians, and catalyze private development, thus resulting in an increase in assessed valuation and property tax revenue; WHEREAS, the City and the Successor Agency desire to enter into an Amended and Restated Cooperative Agreement (the "Agreement ") to set forth the construction activities and services that the City will undertake or make available in furtherance of the completion of the Public Improvements, and to provide that the Successor Agency will pay for or reimburse the City for actions undertaken and costs and expenses incurred in connection with such work; WHEREAS, the execution of an amended and restated version of the Original Cooperative Agreement was approved by the governing board of the Successor Agency and by the City Council by resolutions adopted on May 7, 2012; WHEREAS, the Oversight Board approved execution of an amended and restated version of the Original Cooperative Agreement by resolution adopted May 10, 2012 and in connection with such approval directed staff to revise such agreement to reinstate certain Public Improvements that had been included in the Original Cooperative Agreement; WHEREAS, the governing board of the Successor Agency approved the execution of the revised Agreement by resolution adopted June 4, 2012, subject to approval by the Oversight Board; WHEREAS, the Oversight Board will consider the revised Agreement at its meeting on June 6, 2012; and WHEREAS, the City and the Successor Agency intend the Agreement to evidence their desire to re -enter into the Original Cooperative Agreement, as approved by the Oversight Board. NOW THEREFORE, BE IT HEREBY RESOLVED by the City Council of the City of San Leandro acting in its capacity as Successor Agency to the Redevelopment Agency of the City of San Leandro that it hereby: 1. Subject to approval of the Oversight Board, authorizes the Executive Director to execute and deliver the Agreement substantially in the form presented to the City Council. 2. Authorizes the Executive Director or designee to execute such other documents and to take such other actions as necessary to carry out the intent of this Resolution, including without limitation, listing the Agreement on an updated ROPS for the Successor Agency. City of San Leandro Page 3 Printed on 512912012