COMPENSATION AGREEMENT (PURSUANT TO CALIFORNIA HEALTH AND SAFETY CODE SECTION 34180(f) REGARDING SUCCESSOR AGENCY TRANSFER OF PROPERTIES TO CITY OF RIO VISTA FOR GOVERNMENTAL USE AND FUTURE REDEVELOPMENT ACTIVITY)Compensation Agreement • December 14th, 2022
This Compensation Agreement (this “Agreement”), dated for reference purposes as of December 20, 2022 is entered into by and among the City of Rio Vista (the “City”), as the Successor Agency to the Redevelopment Agency of the City of Rio Vista (the “Former RDA”) and on behalf of itself, the County of Solano, the Solano County Free Library, the Solano County Accumulated Capital Outlay Fund, the Solano County Mosquito Abatement District, the Solano County Aviation, the Solano County Recreation, the Solano County Water Agency, the Solano County Library Special Tax Zone 2, the Yolo-Solano Air Quality Management District, the Rio Vista-Montezuma Cemetery District, the San Joaquin Delta College, River Delta Unified School District (for River Delta JT Unif M&O), Sacramento County Office of Education (River Delta Uni-Ed), and the County School Service Fund, (hereinafter collectively referred to as the “Parties”) on the basis of the following facts, understandings, and intentions of the Parties: