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Res89 11072
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Res89 11072
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Last modified
10/11/2019 1:51:51 PM
Creation date
10/11/2019 1:51:51 PM
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Template:
CC Index
CC Index - Document Type
Resolution
Date
6/19/1989
Description
RES 0 L UTI 0 N N 0.11 0 7 2 J U N 1 9 1989 RESOLUTION APPROVING AND AUTHORIZING EXECUTION AND RECORDATION OF NOTICE OF ASSURANCES TO THE STATE OF CALIFORNIA OF THE USE OF PROPERTY AND/OR THE STATE OF CALIFORNIA'S RIGHT OF RECAPTURE (FAIR OAKS COMMUNITY CENTER - SENIOR CENTER ADDITION) BE IT RESOLVED BY THE COUNCIL OF THE CITY OF REDWOOD CITY, AS FOLLOWS: 1. That certain document entitled "Notice of Assurances to the State of California of the Use of Property and/or the State of California's Right of Recapture" in the form of Exhibit "A" attached hereto and by this reference incorporated herein
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<br />CDA 116, p. 2 <br /> <br />Exhibit "A" <br /> <br />I RECORDING REQUESTED BY <br />AND WHEN RECORDED MAIL TO <br /> <br />City of Redwood City <br />P.o. Box 391 <br />Redwood City, Ca. 94063 <br /> <br />L__ __.I <br />Enter Grantee's name and address in the space above <br /> <br />(SPACE ABOVE THIS LINE FOR RECORDER'S USE) <br /> <br />SECTION 9456, WELFARE ANP INSTITUTIONS CODE <br /> <br />( a) The State of California shall be entitled to recapture a portion of state funds from the owner <br />of a facility, if within 10 years after acquisition or 20 years after completion of <br />construction, either of the following occurs: <br /> <br />( 1) The owner of the facility ceases to be a public or nonprofit agency. <br /> <br />(2) The facility is no longer used for senior center activities. <br /> <br />(b) The amount recovered shall be that proportion of the current value of the facility equal to <br />the proportion of state funds contributed to the original cost. The current value of the <br />facility shall be determined by an agreement between the owner of the facility and the <br />State of California, or by an action in the court in the jurisdiction in which the facility is <br />located. <br /> <br />Legal Description (Include senior center name and address, and a description of the acquisition, <br />renovation or construction accomplished pursuant-to the Senior Center Bond Act): <br /> <br />The construction of an addition of approximately 6,700 square feet to house a senior <br />center within the Fair Oaks Community Center at 2600 Middlefield Road, Redwood City, <br />California. <br /> <br />Amount of Senior Center Bond Act Funds spent for the following activities: <br /> <br />$ <br /> <br />o <br />acquisition <br /> <br />$ 190,000.00 <br />construction <br /> <br />$ <br /> <br />o <br />renovation <br /> <br />Term Check the appropriate box below. If A applies, re-record Notice when construction, <br />renovation, or acquisition has been completed. Refer to Type of Project and funds spent by <br />activity to determine term; then enter the beginning and ending dates of recapture period <br />((not contract period) in (b). <br /> <br />D <br /> <br />a. <br /> <br />Term has not yet begun but project is in progress. <br /> <br />~ <br /> <br />;ZC : '..E' ~ <br /> <br />b. Begin: <br /> <br />End: <br /> <br />(Recapture Period) <br /> <br />- 32 - <br />
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