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HomeMy WebLinkAboutReso 53-1992RESOLUTION NO. 53-92 CITY C Policy extensi¢ WHE the Station DUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA A RESOLUTION EXPRESSING THE INTENT TO ESTABLISH A REDEVELOPMENT AREA FOR THE EL CAMINO CORRIDOR REAS, the City has been working toward convincing the BART 2ommittee to select a subway alignment for the BART n in South San Francisco; and REAS, the BART Policy Committee has responded favorably to 's request for a subway alignment at Hickey Boulevard preliminary meetings; and , a critical factor in the Committee's favorable response has been the City's willingness to explore alternatives to off-set portion of the costs of the subway plan; and under-ut to the there are more than sixty (60) acres of vacant and land along the E1 Camino Corridor directly adjacent line north of Chestnut Avenue; and WHE] this land will directly benefit from the location of BART in ~ subway; and W} I.EAS, the establishment of a Redevelopment Area would allow for the of value added to the area by a BART subway alignmenl.; and tax increment funds received from the proposed Redevelo Area could be used to off-set a portion of the costs incurred to place BART in a subway; and BART and , the McLellan Nursery is located in the vicinity of be included in the proposed Redevelopment Area; and , the City Council of the City of South San Francisco desires t express it's intent to urgently and expeditiously pursue the creation of a Redevelopment Area for the McLellan Nursery and E1 Camino Corridor area. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of South Francisco, as follows: urgently Plan for 1. The city Council hereby expresses its intent to the creation of a Survey Area and Redevelopment ~he E1 Camino Corridor and McLellan Nursery. 2. Staff is hereby directed and authorized to prepare the ne¢:essary documents to initiate the creation of the herein discussed Survey Area and Redevelopment Plan. 3. This Resolution of Intention shall be forwarded to the B~ Policy Committee as evidence of the City Council's intention to take the initial steps necessary to create and establi~h the E1 Camino/McLellan Redevelopment Area. I hereby certify that the foregoing Resolution was regularly introduced and adopted by the City Council of the City of South San FrancisCo at a regular meeting held on the 10th day of June[ , 1992 by the following vote. AYES: Councilmembers Joseph A. Fernekes, Roberta Cerri Teglia, and NOES'. ABSTAIN: ABSENT: Robert Yee None Councilmembers Jack Draqo, and Mayor John R. Penna None