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Redevelopment Agency <br />Staff Report <br /> <br />SP. RDA AGENDA ITEM #4 <br /> <br />DATE: <br />TO: <br />FROM: <br />SUBJECT: <br /> <br />May 31, 2005 <br /> <br />Redevelopment Agency Board <br /> <br />Marty Van Duyn, Assistant Executive Director <br /> <br />RESOLUTION AUTHORIZING EXECUTION OF RELEASE AGREEMENT <br />WITH THE COUNTY OF SAN MATEO <br /> <br />RECOMMENDATION <br /> <br />It is recommended that the Redevelopment Agency Board adopt the attached resolution <br />authorizing the use of tax increment revenues for public improvements and the execution of a <br />Settlement and Release Agreement with the County of San Mateo. <br /> <br />BACKGROUND/DISCUS SION <br /> <br />On April 27, 2005, the Redevelopment Agency and City Council held a joint public hearing to <br />consider the proposed Plan Amendments, Fiscal Merger and Five Year Implementation Plan. The <br />County of San Mateo submitted written objections to the proposed Plan Amendments and Fiscal <br />Merger. On May 11, 2005, the City Council adopted written findings ("Findings") in response to <br />such objections. Agency and County staff have proposed "Mitigation Measures" to mitigate the <br />fiscal impact of the proposed Plan Amendments and Fiscal Merger including the construction and <br />installation of public access and other improvements to the San Bruno Mountain recreational area. <br /> <br />The Redevelopment Agency may pay for cost of construction and installation of facilities and other <br />improvements which are publicly owned if the City Council and the Agency determine all of the <br />following: <br /> <br />1. The improvements are of benefit to the project area or the immediate neighborhood in which <br /> the project is located; <br />2. No other reasonable means of financing the improvements is available to the community; and <br />3. The payment of funds for the cost of the improvements will assist in the elimination of one or <br /> more blighting conditions inside the project areas, and will be consistent with the <br /> implementation plan adopted by the redevelopment agency. - .... <br /> <br />.CONCLUSION <br /> <br />The proposed Mitigation Measures will be of benefit to the Downtown/Central, E1 Camino, Gateway <br />and Shearwater project areas and will assist in the elimination of blighting conditions therein. <br /> <br /> <br />