Approval of a Cooperation Agreement between the City of Culver City and the Culver City Redevelopment Agency Relating to the Funding of Public Infrastructure Improvements. City of Culver City California Agenda Item Report Meeting Date: 12/07/2009 JOINT CITY COUNCIL/REDEVELOPMENT AGENCY BOARD AGENDA ITEM: JOINT PUBLIC HEARING Approval of a Cooperation Agreement between the City of Culver City and the Culver City Redevelopment Agency Relating to the Funding of Public Infrastructure Improvements. Contact Person/Dept.: John Fisanotti Phone Number: (310) 253 5767 Item Number: JPH 1 Fiscal Impact: Yes X No General Fund: Yes No X Public Hearing: X Action Item: Attachments: X Commission Action Required: Yes No X Date: _______________ Public Notification: Notice of Public Hearing was published in the Culver City News on November 19 and 26 2009. Meetings and Agendas Redevelopment Agency by December 3 2009. Department Approval: Sol Blumenfeld (11/24/09) City Attorney Approval: Carol Schwab (by H. Baker) (11/30/09) Agency General Counsel Approval: Murray Kane (11/24/09) City Manager/Executive Director Approval: Mark Scott (12/02/09) Chief Financial Officer Approval Mark Scott (by N. Kimball) (12/01/09) RECOMMENDATION: Staff recommends that both the City Council and the Redevelopment Agency Board approve 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. 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 a report pursuant to Section 33679 of California Redevelopment Law (CRL) is prepared a public hearing is conducted and certain findings are made. From time to time the City and Agency have entered into Cooperation Agreements for the mutual benefit of the two parties and the public. Bef...
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