HomeMy WebLinkAboutReso RDA 12-2005RESOLUTION NO. 12-2005
REDEVELOPMENT AGENCY, CITY OF SOUTH SAN FRANCISCO,
STATE OF CALIFORNIA
A RESOLUTION FINDING AND DETERMINING THAT THE USE
OF MONIES FROM THE LOW AND MODERATE INCOME
HOUSING FUNDS ESTABLISHED FOR THE
DOWNTOWN/CENTRAL PROJECT ARF~, THE EL CAMINO
CORRIDOR PROJECT AREA, THE GATEWAY PROJECT AREA
AND THE U.S. STEEL/SHEARWATER PROJECT AREA OUTSIDE
THE BOI~NDARIES OF THE PROJECT AREAS WILL BENEFIT
SUCH PROJECT AREAS, AND AUTHORIZING THE
EXPENDIrFURE OF SUCH FUNDS
WHEREAS, the City Council of the City of South San Francisco ("City Council")
approved and adopted the Redevelopment Plan for the Downtown/Central Redevelopment
Project Area ("Downtown Project Area") by Ordinance No. 1056-89 adopted on July 12, 1989
(as subsequently amended, the "Downtown Plan"); and
WHEREAS, the City Council approved and adopted the Redevelopment Plan for the
Gateway Redevelopment Project Area ("Gateway Project Area") by Ordinance No. 867-81,
adopted on June 17, 1981 (as subsequently amended, the "Gateway Plan"); and
WHEREAS, the City Council approved and adopted the Redevelopment Plan for the U.S.
Steel/Shearwater Redevelopment Project Area ("Shearwater Project Area") by Ordinance No.
996-86, adopted on January 8, 1986 (as subsequently amended, the "Shearwater Plan"); and
WHEREAS, the City Council approved and adopted the Redevelopment Plan for the E1
Camino Corridor Redevelopment Project Area (the "El Camino Project Area") by Ordinance No.
1132-93 adopted on June 9, 1993 (as subsequently amended, the "El Camino Plan"); and
WHEREAS, the Redevelopment Agency of the City of South San Francisco ("Agency")
is vested with responsibility to carry out the foregoing redevelopment plans in accordance with
Community Redevelopment Law (Health and Safety Code Section 33000 et seq.) ("CRL"); and
WHEREAS, the Agency desires to again amend the foregoing redevelopment plans in
order to (i) add territory to the Downtown Project Area, (ii) extend the time limits for the use of
eminent domain proceedings to acquire nonresidential property in the Downtown Project Area
and the original E1 Camino Project Area, and (iii) effectuate the fiscal merger of the Downtown
Project Area, the Gateway Redevelopment Project Area, the E1 Camino Corridor Redevelopment
Project Area and the U.S. Steel/Shearwater Redevelopment Project Area in order to pool tax
increment revenue from the four project areas ("Project Areas") and establish a unified bonded
indebtedness limit for the four project areas while retaining the separate identity of each project
area for other purposes; and
WHEREAS, the Agency has prepared proposed amendments to the redevelopment plans,
copies of which are on file with the Agency Clerk and the City Clerk; and
WHEREAS, in accordance with CRL Sections 33334.2, 33483 and 33487, the Agency is
required to deposit no less than twenty percent (20%) of all taxes which are allocated to the
Agency pursuant to CRL Section 33670 in a Low and Moderate Income Housing Fund to be
used for the purpose of increasing, improving and preserving the community's supply of low-
and moderate-income housing; and
WHEREAS, CRL Sections 33334.2(g) and 33487(b) authorize the Agency to use monies
from a Low and Moderate Income Housing Fund outside of a project area only upon adoption of
resolutions by the Agency and City Council finding that such use will be of benefit to the project
area; and
WHEREAS, the Agency desires by this Resolution to declare that the expenditure of
monies from the Low and Moderate Income Housing Fund established for each Project Area will
be of benefit to such Project Area when such monies are used in accordance with the
requirements of the CRL either within or outside the Project Area.
NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency as follows:
Section 1. The Agency finds and determines that the expenditure of monies from the Low and
Moderate Income Housing Fund established for each Project Area will be of benefit to such
Project Area when such monies are used in accordance with the requirements of the CRL and for
purposes authorized by the CRL either within or outside the Project Area.
Section 2. The Agency is authorized to expend monies for the Low and Moderate Income
Housing Fund established for each Project Area inside and/or outside each such Project Area for
purposes authorized by the CRL and in accordance with the requirements of the CRL.
I hereby certify that the foregoing Resolution was regularly introduced and adopted by
the Redevelopment Agency of the City of South San Francisco at a regular meeting held on the
25th day of May 2005 by the following vote:
AYES:
Boardmembers Richard A. Garbarino, Pedro Gonzalez and Karyl Matsumoto,
Vice Chair Joseph A. Fernekes and Chair Raymond L. Green
NOES: None.
ABSTAIN: None.
ABSENT: None.
ATTEST:
eputy Clerk