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D. The obligation of the agency under
<br />such contract shall constitute an indebted-
<br />ness of the agency for the purpose of carry-
<br />ing out the redevelopment project for the
<br />project area, which indebtedness may be
<br />made payable out of tax increment funds, or
<br />out of any other available funds.
<br />E. In a case where the land has been or
<br />will be acquired by, or the cost of the instal-
<br />lation and construction of the building, facil-
<br />ity, structure or other improvement has been
<br />paid by, a parking authority, joint powers
<br />entity, or other public corporation to provide
<br />a building, facility, structure, or other im-
<br />provement which has been or will be leased
<br />to the city, the contract may be made with,
<br />and the reimbursement may be made paya-
<br />ble to, the city.
<br />F. Before the agency commits to use tax
<br />increment funds to pay all or part of the val-
<br />ue of the land for, and the cost of the instal-
<br />lation and construction of, any publicly
<br />owned building, other than parking facili-
<br />ties, the city council shall hold a public hear-
<br />ing in conformity with Health and Safety
<br />Code Section 33679.
<br />G. The agency shall not pay for the
<br />normal maintenance or operations of build-
<br />ings, facilities, structures, or other improve-
<br />ments that are publicly owned. The agency
<br />shall not use tax increment funds to pay for,
<br />either directly or indirectly, the construction
<br />or rehabilitation of a building that is, or that
<br />will be, used as a city hail or county admin-
<br />istration building, except as permitted by the
<br />Community Redevelopment Law. (Ord. 99-
<br />025 § 209.3, 1999)
<br />3.20.040 Financing of facilities or
<br />capital equipment.
<br />Within the project area and as part of a
<br />development or rehabilitation agreement for
<br />9MIXIME
<br />property that will be used for industrial or
<br />manufacturing purposes, the agency may
<br />assist with the financing of facilities or capi-
<br />tal equipment, including, but not necessarily
<br />limited to, pollution control devices. Before
<br />entering into an agreement providing for
<br />such assistance, the agency shall find, after a
<br />public hearing, that the assistance is neces-
<br />sary for the economic feasibility of the de-
<br />velopment and that the assistance cannot be
<br />obtained on economically feasible terms in
<br />the private market. (Ord. 99-025 § 209.4,
<br />1999)
<br />3.20.050 Preparation of building
<br />sites.
<br />A. Subject to the limitations contained
<br />herein, the agency is authorized to develop
<br />as a building site any real property owned or
<br />acquired by it. In connection with such de-
<br />velopment it may cause, provide or under-
<br />take or make provision with other agencies
<br />for the installation, or construction of streets,
<br />utilities, parks, playgrounds and other public
<br />improvements necessary for carrying out the
<br />plan in the project area.
<br />B. The agency may construct founda-
<br />tions, platforms, and other like structural
<br />forms necessary for the provision or utiliza-
<br />tion of air rights sites for buildings to be
<br />used for residential, commercial, industrial,
<br />or other uses contemplated by plan.
<br />C. Without the prior consent of the city
<br />council, the agency may not develop a site
<br />for industrial or commercial use so as to
<br />provide streets, sidewalks, utilities, or other
<br />improvements that an owner or operator of
<br />the site would otherwise be obliged to pro-
<br />vide. In giving consent, the city council shall
<br />make a finding that providing such im-
<br />provements is necessary to effectuate the
<br />purposes of the plan.
<br />131 (San Leandro Redevelopment Agency Supp. No. 2, 12-05)
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