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