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HomeMy WebLinkAboutRDA Reso 19-2008RESOLUTION NO. 19-2008 REDEVELOPMENT AGENCY, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA A RESOLUTION AUTHORIZING THE USE OF $40,000 OF TAX INCREMENT REVENUES FOR PUBLIC IMPROVEMENTS OF BENEFIT TO REDEVELOPMENT AGENCY PROJECT AREAS AND MAKING FINDINGS REQUIRED BY CALIFORNIA HEALTH & SAFETY CODE SECTION 33445 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"); 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"); 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"); WHEREAS, the City Council approved and adopted the Redevelopment Plan for the El 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"); 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"), including the construction and installation of public improvements consistent with Redevelopment Plans; WHEREAS, the Agency desires to undertake a minor rehabilitation of City-owned property at 109 Longford Avenue to create a "Green" Model Home ("Public Improvements") that promotes housing affordability through energy efficiency; WHEREAS, CRL Section 33445 provides that a redevelopment agency may, with the consent of the legislative body of the benefited public entity, pay for the cost of buildings, facilities and other improvements which are publicly owned if the legislative body and the agency determine all of the following: 1. The buildings, facilities or improvements are of benefit to the project area or the immediately surrounding neighborhood; 2. No other reasonable means of financing the buildings, facilities or improvements are available; and 3. The payment of funds for the acquisition of land or the cost of buildings, facilities or other improvements will assist in the elimination of one or more blighting conditions inside the project area or provide housing for low- or moderate-income persons, and will be consistent with the implementation plan adopted by the redevelopment agency. WHEREAS, the rehabilitation of the subject property and installation of the Public Improvements will: (i) benefit the all Project Areas by facilitating the provision of services to and energy efficiency for residents of the Project Area s, (ii) temporarily create a viable resource and space for residents of the Project Areas and surrounding neighborhoods, and (iii) enable the Green Model Home to serve as a magnet for visitors who patronize surrounding businesses, including those in the Project Areas, thereby promoting economic development within the Project Areas; WHEREAS, the private sector shall contribute a portion of the total cost of the Public Improvements, but the Agency has determined that use of tax increment revenues is necessary because there are insufficient funds reasonably available to fund the entire cost of the Public Improvements, as revenue that might otherwise be available for such purposes is committed for other purposes; WHEREAS, the Public Improvements will not only help to eliminate physical blighting conditions, but will also promote economic development opportunities and facilitate private investment in the Project Areas which will lead to further blight alleviation. NOW, THEREFORE, BE IT RESOLVED that the Redevelopment Agency of the City of South San Francisco hereby: 1. Finds, based upon the foregoing Recitals, that (i) the expenditure of tax increment funds to undertake the Public Improvements will be of benefit to all Project Areas; (ii) no other reasonable means of financing the public improvements is reasonably available; (iii) completion of the Public Improvements will assist in the elimination of blighting conditions in the Project Areas; and (iv) completion of the Public Improvements is consistent with the Implementation Plans adopted for the Project Areas. 2. The Agency is authorized to expend $40,000 in tax increment funds for the Public Improvements described herein. 3. Authorizes the Agency Executive Director or his designee to execute and deliver such other instruments and to take such other action as necessary to carry out the intent of this Resolution. * ~ ~ 2 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 special meeting held on the 10`" day of September 2008 by the following vote: AYES: Boardmembers Mark N. Addieg_o, Richard A. Garbarino and Kevin Mullin, Vice Chair Karyl Matsumoto and Chair Pedro Gonzalez NOES: None ABSTAIN: ABSENT: ~~ ATTEST: Deputy City Clerk