HomeMy WebLinkAboutRDA Reso 15-2010RESOLUTION NO. 15-2010
REDEVELOPMENT AGENCY, CITY OF SOUTH SAN FRANCISCO,
STATE OF CALIFORN[A
A RESOLUTION AUTHORIZING PREPARATION OF
PROPOSED REDEVELOPMENT PLAN AMENDMENTS TO
COMBINE DEBT LIMITS FOR THE DOV'Jh1TOWN/CENTRAL
ADDED AREA AND MERGED PROJECT' AREAS, REFINE
METHODOLOGY USED TO CALCULATE REVENUE
INCLUDED IN TAX INCREMENT COLLECTION LIMIT,
EXTEND TIME LIMIT TO INCUR DEBT FOR
DOWNTOWN/CENTRAL ADDED AREA, AND EL CAMINO
CORRIDOR ADDED AREA, ANI) ADJUST THE
DOWNTOWN/CENTRAL ADDED AREA BOUNDARY.
WHEREAS, the Redevelopment Agency of the City of South San Francisco (the
"Agency") has responsibility for implementing the Redevelopment Plans (the "Plans") for the
Downtown/Central Redevelopment Project Area, the Downtown/Central Added Area, the El
Camino Corridor Redevelopment Project Area, the El Camino Added Area, the Gateway
Redevelopment Project Area and the U.S. Steel/Shearwater Redevelopment Project Area
(collectively, the "Project Areas") pursuant to California Community Redevelopment Law,
Health and Safety Code Section 33000 et seq. (the "CRL");
WHEREAS, the Agency has engaged Seifel Consulting, Inc. (the "Consultant") to
undertake fiscal. and blight analyses and prepare for Al;ency Board consideration proposed
amendments to the Plans that would: (i) combine the debt limits for the Downtown/Central
Added Area with the previously-merged debt limit for the other Project Areas, (ii) refine the
methodology used to calculate revenue included in the tax increment collection limit for the
Project Areas, (iii) extend the time limit to incur debt by ten (10) years for the
Downtown/Central Added Area and the El Camino Corridor Added Area, and (iv) adjust the
Downtown/Central Added Area boundary (collectively, the "Proposed Amendments"); and
WHEREAS, the Agency Board has considered 'thf; Staff Report accompanying this
Resolution, and based upon the information presented in the Staff Report and accompanying
information, has determined that it would be beneficial to connmence preparation of the Proposed
Amendments and related analyses in order to more effectively implement the Plans.
NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency of the City of
South San Francisco that Agency staff, counsel, and the Consultant are hereby authorized and
directed to conduct and undertake all necessary analyses and actions as appropriate to prepare the
Proposed Amendments for Agency Board consideration in accordance with the provisions of the
CRL and the Consultant engagement.
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
8l" day of September, 2010 by the following vote:
AYES: Boardmembers Pedro Gonzalez, Richard A. i~arbarino, and Karyl Matsumoto,
Vice Chair Kevin Mullin and Chairman Mark Addiego
NOES: None
ABSTAIN: None
ABSENT: None
ATTEST: