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0 <br /> , . <br /> 3 <br /> 41/ /9.49.41factaaz4L.4a,,ve- <br /> RANCHO PALOS VERDES <br /> TO: HONORABLE MAY AND CITY COUNCIL <br /> FROM: CITY MANAGER <br /> DATE : AUGUST 7 , 1990 <br /> SUBJECT: JOINT EXERCISE OF POWERS AGREEMENT: CITY AND <br /> RPV REDEVELOPMENT AGENCY <br /> RECOMMENDATION: Adopt the resolution approving a joint <br /> exercise of powers agreement between the City of Rancho Palos <br /> Verdes and the Rancho Palos Verdes Redevelopment Agency. <br /> BACKGROUND: On June 19, 1990, the City Council considered <br /> the adoption of a Joint Powers Agreement between the City and <br /> the RDA. The cover memo from the City Attorney is attached <br /> for your review. At that meeting concern was expressed that <br /> provision had not been made for the perpetual maintenance of <br /> facilities to be built under the JPA. <br /> In response to that concern, language has been added to <br /> Section 8 (pg 10) requiring 10% of the monies received to be <br /> used for maintenance and in Section 23 (pg 11) language has <br /> been added to assure that the maintenance funds would <br /> continue to be available beyond the life of the JPA. <br /> bu ADOPTED <br /> CITY COUNCIL <br /> CITY OF RANCHO PALOS VERGES <br /> SEP 4 1990 <br /> Yr-CITY CLERK <br /> 3 30940 HAWTHORNE BOULEVARD / RANCHO PALOS VERDES, CA 90274-5391 / (213)377-0360 <br />