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TO: REDEVELOPMENT AGENCY
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FROG; Pail Batchelor
Executive Director
DATE: July 273 1999
SUBJECT: City of Oakley Funding Agreement
SPECIFIC REQUEST(S) E OMM l DA° Ic ) & BACKGROUND AND JUSTIFICATION
APPROVE and AUTHORIZE the Deputy Director — Redevelopment to execute an
Administration and Cooperation Funding Agreement with the City of Oakley (Redevelopment
Funds',
FISCAL.IMPACT:
The Administration tion rid Cooperation Funding A re r ent provides for the City of Oakley to be
paid $170,000.00 ,;n County Redeveiopment funds for administrative costs associated with
preparingfor and transitioning to administrative control of the Oakley l�od v lopm nt A moy
an duly 1, 2000. Current Redevelopment fonds are available for this purpose.
BACKGROUND/REASONS F()P RECOMMENDATIONS.
With the City of Oakley', incorporation as of July 1, 1999, it is expected that the County's
Redevelopment Agency will administratively transfer to the City. Pursuant .o State
Redevelopment Law,, the City cannot assume legall control ;until July 1, 2000 at the earliest.
In order to facilitate transfer of administrative control of the Redevelopment function, the
County Redevelopment Agency may allocate funding as accessary for staff and dmini trative
costs. The recommended Agreement providesfor the City to d allocated 170,000e0 is
Agency funds in fisoa; year 2000. The County staff will continue to provide day-to-day .
administrative service to implement projects and programs and to assist the C.ty staff in
preparing for administrative control
`fit D `l"AA ENT- _ _ _ I AT A
RECOMMENDATION OF EXECUTIVE DIRECTOR RECON ENDATION OFAG, CY
COMMITTEEAPPROVE ' I
r$
i
ACTION OF AGENCY ON APPR ED AS RECOMMENDED
VOTE OF COMMISSIONERS
I HEREBY CERTIFY THAT THIS IS A
UNANIMOUS (ABSENT_LaLt f
TRUE AND CORRECT COPY OF AN
ES:—
_ 1 TION TAKEN ,AND ENTERED ON THE
ABSENT: ABSTAtMINUTES OF THE REDEVELOPMENT
AGENCY ON THE DATE SHOWN.
Contact., Jim Kennedy
335-1255 ATTESTED
cc: CAO PHIL BATC L
County Counsel AGENCY SECRETARY
Community Development
Via Redeve'opment
City of Oakley rEPUTY
Goldfarb & Lipman
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