Adoption of City Council and Redevelopment Agency Board Resolutions Approving a Cooperation Agreement between the City of Culver City and the Culver City Redevelopment Agency Relating to the Funding of Public Infrastructure Improvements and Affordable Housing Projects. City of Culver City California Agenda Item Report Item Number: J 1 Meeting Date: 01/15/2011 JOINT CITY COUNCIL/REDEVELOPMENT AGENCY BOARD AGENDA ITEM: Adoption of City Council and Redevelopment Agency Board Resolutions Approving a Cooperation Agreement between the City of Culver City and the Culver City Redevelopment Agency Relating to the Funding of Public Infrastructure Improvements and Affordable Housing Projects. Contact Person/Dept.: Sol Blumenfeld/Community Development Todd Tipton/Community Development Fiscal Impact: Yes X No Phone Number: (310) 253 5700 (310) 253 5760 General Fund: Yes No X Public Hearing: Action Item: X Attachments: X Commission Action Required: Yes No X Date: _______________ Public Notification: Meetings and Agendas City Council (01/13/11); Meetings and Agendas Redevelopment Agency (01/13/11); Interested Media (01/13/11) Department Approval: Sol Blumenfeld: (01/13/11) City Attorney Approval: Carol Schwab: (by H. Baker) (01/13/11) Agency General Counsel Approval: Murray Kane: (01/13/11) City Manager/Executive Director Approval: John M. Nachbar: Chief Financial Officer Approval Jeff Muir: RECOMMENDATION: Staff recommends that both the City Council and the Redevelopment Agency Board adopt respective Resolutions approving a Cooperation Agreement between the City of Culver City (the City ) and the Culver City Redevelopment Agency (the Agency ) relating to the funding of specified public infrastructure improvements and Affordable Housing Projects. BACKGROUND: Section 33445 of the California Health and Safety Code permits Redevelopment Agencies to use tax increment revenue to pay the cost of public improvements constructed by other entities provided the City Council makes certain fi...
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