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<br />CITY ATIORNEY'S OFFICE <br />3900 MAIN SlREET <br />RIVERSIDE, CA 92522 <br />(951) 826-5567 <br /> <br />1 <br />2 <br /> <br />RESOLUTION NO. 831 <br /> <br />A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE <br />CITY OF RIVERSIDE, CALIFORNIA, AUTHORIZING WAIVING <br />THE PURCHASING RULES AND REGULATIONS ESTABLISHED <br />BY REDEVELOPMENT AGENCY RESOLUTION NO. 777 FOR <br />THE RAINCROSS PROMENADE PROJECT, <br /> <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 /> <br />WHEREAS, on September 13,2005, the Redevelopment Agency approved a Disposition and <br />Development Agreement by and between Redevelopment Agency of the City of Riverside and <br />River-Regional, LLC, as amended on September 19, 2006, ("DDA") for the Raincross Promenade <br />Project ("Project"); and <br />WHEREAS, on February 13, 2007, the Redevelopment Agency approved a budget <br />("Budget") specifying and approving the expenditure of funds related to site assembly and <br /> <br />preparation, including site clearance, and other site preparation expressed in the DDA; and <br /> <br />WHEREAS, many of the Budget items will exceed the Executive Director's purchasing <br />authority of $50,000 as established in Redevelopment Agency Resolution No. 777; and <br />WHEREAS, waiving Redevelopment Agency Resolution No. 777 will expedite <br /> <br />implementation of the Project; and <br />WHEREAS, it is desirable to adopt a resolution waiving monetary limits of authority for the <br /> <br />Project-related purchasing of goods, services, negotiated contracts, and procurements involving <br /> <br />demolition. <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency of the City of <br /> <br />Riverside, California, as follows: <br /> <br />Section I: That the monetary limits of authority for purchasing of goods and services set <br />forth in Redevelopment Agency Resolution No. 777 are hereby waived for the Project described in <br /> <br />the DDA. <br /> <br />Section 2: That the monetary limits of authority for obtaining professional services, set forth <br /> <br />in City of Riverside Administrative Manual sections 2.004.00 and 2.005.00 as amended or replaced <br /> <br />by successor procedures or monetary limits of authority adopted by the Redevelopment Agency <br />from time to time, are hereby waived for the Project described in the DDA. <br /> <br />/II <br />