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HomeMy WebLinkAboutReso 81-1994RESOLUTION NO. 81-94 CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA A RESOLUTION APPROVING AN AGREEMENT WITH THE REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO WHEREIN THE REDEVELOPMENT AGENCY WILL REIMBURSE THE CITY OF SOUTH SAN FRANCISCO AN AMOUNT NOT TO EXCEED $800,000 FOR SEISMIC RETROFIT OF THE GRAND AVENUE LIBRARY BUILDING WHEREAS, an engineering analysis of the Grand Avenue library building has found that the library building is an unreinforced masonry structure in need of seismic retrofit work; and WHEREAS, the Grand Avenue library building is within the redevelopment project area, and the Redevelopment Agency of the City of South San Francisco, pursuant to Health and Safety Code section 33420.1 is authorized to use tax increment funds for seismic retrofit for unreinforced masonry buildings and for historic buildings; and WHEREAS, an engineering analysis of the Grand Avenue library building has indicated that the seismic retrofit work is estimated to cost approximately $800,000. NOW, THEREFORE, BE IT RESOLVED by the City of South San Francisco; 1. It hereby approves the Agreement attached hereto between the city of South San Francisco and the Redevelopment Agency of South San Francisco to provide a maximum of $800,000 in tax increment funds to use for seismic retrofit activities at the Grand Avenue library building in South San Francisco. 2. The City Manager on behalf of the City of South San Francisco, is hereby authorized to execute said Agreement. III III III III III I hereby certify that the foregoing Resolution was regularly introduced and adopted by the City Council of the City of South San Francisco at a regular meeting held on the 22ndday of June , 1994, by the following called vote: AYES: NOES: Councilmembers Jack Drago, John R. Penna, Roberta Cerri Teqlia, Robert Yee and Mayor Joseph A. Fernekes None ABSTAIN: No ne ABSENT: None CITY CLERK mnrsw\405 \ordinanc \l£braz~. O01