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HomeMy WebLinkAboutReso RDA 20-1993 RESOLUTION NO. 20-93 REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO STATE OF CALIFORNIA A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO AUTHORIZING EXECUTION OF A FISCAL AGREEMENT BETWEEN THE AGENCY AND THE SAN MATEO COUNTY COMMUNITY COLLEGE DISTRICT WHEREAS, the Redevelopment Agency of the City of South San Francisco (the "Agency") has prepared, and the City Council of the City of South San Francisco (the "City Council") has adopted, a Redevelopment Plan for the E1 Camino Corridor Redevelopment Project (the "Redevelopment Plan") in accordance with the procedures and requirements of the California Community Redevelopment Law (the "CRL") (Health and Safety Code Section 33000 et seq.); and WHEREAS, the Redevelopment Plan calls for the redevelopment of the E1 Camino Corridor Redevelopment Project Area; and WHEREAS, the parties have determined that the adoption by the City and implementation by the Agency of the Redevelopment Plan would, but for the mitigations set forth in the Agreement described below, cause a financial burden or detriment to the San Mateo County Community College District (the "District"); and WHEREAS, the Agency and the District desire to enter into the Fiscal Agreement with the San Mateo County Community College District Regarding E1 Camino Corridor Redevelopment Project (the "Agreement"), the terms of whick are set forth in the Agreement on file with the Agency Secretary and by this reference incorporated herein, to alleviate any such potential burden or detriment. NOW, THEREFORE, BE IT RESOLVED, that the Agency hereby finds and determines, based on evidence provided at this meeting, that the adoption of the Redevelopment Plan by the City and implementation by the Agency would, but for the mitigations set forth in the Agreement, cause a financial burden or detriment to the District. BE IT FURTHER RESOLVED that the Agency hereby approves the Agreement in substantially the form on file with the Agency Secretary with any further modifications as deemed appropriate by the Executive Director of the Agency, and authorizes and directs the Executive Director to execute the Agreement on behalf of the Agency. I hereby certify that the foregoing Resolution was regularly introduced and adopted by the Redevelopment Agency of the City of South San Francisco at a regular meeting held on the 22nd day of September, 1993 by the following vote: AYES: Boardmembers Jack Drago, ~osenh A. Fernekes, and Robert Yee NOES: None ABSTAIN: None ABSENT: B0ardmember John R. Penna, and Chairwoman R0berta Cerri leg]ia ATTEST: Clerk Redevelopment Agency oX the City of South San Francisco sscccd.pm - 2 -