HomeMy WebLinkAbout1994-09 CRA
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REL: ""'/94
RESOLUTION NO. 94-9
A RESOLUTION OF THE COMMUNITY REDEVELOP-
MENT AGENCY OF THE CITY OF SANTA ANA
AMENDING RESOLUTION NO. 94-1 TO INCREASE
THE AMOUNT OF COMMUNITY REDEVELOPMENT
AGENCY FUNDS FROM THE NORTH HARBOR REDE-
VELOPMENT PROJECT WHICH MAY BE USED FOR
IMPROVEMENTS TO ROSITA PARK
WHEREAS, the Community Redevelopment Agency of the City of
Santa Ana, by its Resolution No. 94-1, adopted June 20, 1994,
determined that the construction of a recreation center in Rosita
Park is of benefit to the Santa Ana North Harbor Boulevard
Redevelopment Project Area, that no other reasonable means of
financing construction of said recreation center is available to
the City and that the use of funds of the Community Redevelopment
Agency of the City of Santa Ana for construction of said recreation
center will assist in the elimination of one or more blighting
conditions; and authorized the Community Redevelopment Agency of
the City of Santa Ana to pay a portion of the cost of construction
of said recreation center; and
WHEREAS, said Resolution No. 94-1 authorized up to $2 million
in Agency funds from the North Harbor Boulevard Redevelopment
Project Area to be used for the construction of said recreation
center; and
WHEREAS, it now appears that up to $2.5 million in Agency
funds from the said project area will be necessary for the
construction of said recreation center;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF SANTA ANA that Resolution 94-1 is amended in
the following respects:
1. The fifth recital in said resolution is amended to read
as follows:
WHEREAS, the City of Santa Ana ("city") has
assembled $0.6 million in funds from various sources
in order to finance the construction of the Recre-
ation Center, leaving a shortfall of approximately
$2.5 million; and
2. The sixth recital is said resolution is amended to read
as follows:
WHEREAS, the Community Redevelopment Agency of
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the city of Santa Ana (the "Agency") has indicated
its willingness to contribute up to $2.5 million in
funds from the Project Area to make up the shortfall
and enable the city to construct the Recreation
Center; and
3.
follows:
Section 2
said resolution
is amended to read as
of
2. The Agency is hereby authorized to con-
tribute up to $2.5 million in Agency funds from the
Project Area to finance a portion of the cost of
construction of the Recreation Center. Subject to
the $2.5 million maximum, the use of Agency funds
shall be in accordance with that certain Cooperation
Agreement, dated June 16, between the Agency and the
City.
BE IT FURTHER RESOLVED that all findings
Resolution 94-1 continue in full force and effect.
in
set
forth
ADOPTED this
following vote:
21st
November
, 1994, by the
day of
AYES:
Members Lutz, McGuigan, Moreno, Richardson, Young
NOES:
Members
ABSENT:
Members Mills, Pulido
ABSTENTIONS:
Members
ATTEST:
Cy%Af::l~Â-
Executive Director
APPROVED AS TO FORM:
&~
Edward. er
Agency Legal Counsel
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