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6/14/2012 1:22:35 PM
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Department
City Clerk
General - Type
Resolutions
General 2 - Date
6/12/2012
Number
SA R-10
Description
Approv Reimbursement Agmt btwn Succ Agncy and City of Riv - Five Points Intersection Proj
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I <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />CFN AT I ORNRY'S OFFICE <br />3900 MPdN STIU; � ' <br />Ril MMI L CA 9252 <br />(95 1)16-5567 <br />RESOLUTION NO, 10 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />RIVERSIDE, CALIFORNIA AS SUCCESSOR AGENCY TO THE <br />REDEVELOPMENT AGENCY OF THE CITY OF RIVERSIDE, <br />CALIFORNIA APPROVING A REIMBURSEMENT AGREEMENT <br />BETWEEN THE SUCCESSOR AGENCY AND THE CITY OF <br />RIVERSIDE RELATING TO THE FIVE POINTS INTERSECTION <br />PROJECT <br />WHEREAS, pursuant to Resolution No. 22322, adopted by the City Council of the <br />City of Riverside ("City") on January 10, 2012, the City of Riverside agreed to serve as the <br />Successor Agency ("Successor Agency") to the Redevelopment Agency of the City of Riverside <br />("Redevelopment Agency") commencing upon dissolution of the Redevelopment Agency on <br />I February 1, 2012 pursuant to Assembly Bill xI 26 ("AB 26"); and <br />WHEREAS, Health and Safety Code Section 33220 authorized any public body to enter into <br />an agreement with a redevelopment agency for the purpose of aiding and cooperating in the <br />planning, undertaking, construction, or operation of redevelopment projects located within the <br />jurisdiction in which such public body is authorized to act, upon the terms and with or without <br />consideration as such public body determines; and <br />WHEREAS, Health and Safety Code Section 33126(b) authorized redevelopment agencies to <br />enter into contracts with any other public agency pursuant to which the public agency would agree to <br />furnish necessary staff services associated with or required by redevelopment; and <br />WHEREAS, Health and Safety Code Section 33205 authorized redevelopment agencies to <br />delegate to the jurisdiction that formed the agency any of the powers or functions of the <br />redevelopment agency with respect to the undertaking of a redevelopment project, and authorized <br />such jurisdiction to carry out and perfonn such powers and functions; and <br />WHEREAS, on October 14, 2008, the governing board of the Redevelopment Agency and <br />the City Council of the City of Riverside each adopted the findings required by Health and Safety <br />Code Section 33445 with respect to the funding the costs to acquire right-of-way and construct and <br />install public improvements required for street widening and re-alignment at the intersection of La <br />Sierra Avenue, Hole Avenue, Bushnell Avenue, and Pierce Street ("Project") by Resolution Nos. <br />869 and 21732, respectively; and <br />
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