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HomeMy WebLinkAboutReso RDA 76-1985 RESOLUTION NO~ 76 A RESOLUTION APPROVING AGREEMENTS BY AND BETWEEN THE REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO AND CERTAIN TAXING ENTITIES AND ADOPTING FINDINGS PURSUANT TO SECTION 33401 OF THE HEALTH & SAFETY CODE WHEREAS, in furtherance of the objectives of the Community Redevelopment Law, the Redevelopment Agency of the City of South San Francisco (hereinafter Agency) has undertaken a program for the clearance and reconstruction or re- habilitation of slum and blighted areas in the City, and in this connection is engaged in carrying out a redevelopment project known as the U.S. Steel Plant Site (hereinafter referred to as "Project"), in an area (hereinafter referred to as "Project Area"), located in the City pursuant to a proposed Redevelopment Plan; and WHEREAS, Article XVI, Section 16 of the Constitution of the State of Cali- fornia, and Article 6, Chapter 6 of the Community Redevelopment Law, Division 24 of the California Heal th and Safety Code (commencing with Section 33670) provide a method of financing redevelopment activities through the utilization by the Agency of increased tax revenues, if any, for repayment of loans, ad- vances and indebtedness referred to as "tax increment financing"; and WHEREAS, the provisions of Article XVI, Section 16 of the Constitution of the State of California and Article 6, Chapter 6 of the Community Redevelopment Law, Division 24 of the California Health and Safety Code are incorporated in the aforesaid proposed Redevelopment Plan; and WHEREAS, the California Community Redevelopment Law, Section 33401 of the Health and Safety Code, provides, inter alia, that a redevelopment agency may pay to any taxing agency with territory located within a redevelopment project area any amounts of money which, in the agency's determination, are appropriate to alleviate any financial burden or detriment caused to such taxing agency by a redevelopment project; and WHEREAS, the Agency has entered into a separate agreement with the County of San Mateo (hereinafter "County"), the San Mateo County Community College District (hereinafter "College District") and the South San Francisco Unified School District (hereinafter "Unified District"), which agreements are attached hereto respectively as Exhibits "A", "B" and "C" and incorporated herein by reference, which agreements provide for an allocation and distribution of tax increment monies to alleviate the financial burden, if any, caused by the im- plementation of the Plan; and WHEREAS, while tax increment financing under current State law is deemed to not adversely affect the County, the College District and the Unified School District, the districts have expressed concern over a possible future negative impact of tax increment financing on their financial situation; and WHEREAS, the County, the College District and the Unified District are tax- ing agencies with territory located within the Project Area; and WHEREAS, Section 33401 of the California Health and Safety Code provides that a redevelopment agency may pay to any taxing agency with territory located within a project area any amounts of money which in the agency's determination, are appropriate to alleviate any financial burden or detriment caused to such taxing agency. NOW, THEREFORE, it is found, determined and resolved by the Redevelopment Agency of the City of South San Francisco, as follows: 1. That pursuant to the provisions of the Community Redevelopment Law the County acting on behalf of itself and on behalf of the College District and on behalf of the Unified District has submitted to the Agency an economic report entitled "Fiscal Review Committee Report Shearwater Project Redevelopment Area" prepared by Recht Hausrath & Associates dated June 1985 analyzing the fiscal -2- impact of the Redevelopment Plan; said report is acknowledged and received as Exhibit "D" in evidence and made a part of the record in the hearing on the above-entitled resolution and is incorporated herein by reference; 2. That the aforesaid Recht Hausrath & Associates report {Exhibit "D") concludes, based upon evidence and findings set forth therein, that the Re- development Project will cause a financial burden or detriment to the afore- said taxing agencies and that payments are necessary to alleviate this finan- cial burden or detriment; 3. That this Agency accepts the evidence findings and conclusions set forth in the aforesaid Exhibit "D" and finds, determines and resolves that the Project will cause a financial burden or detriment to the aforesaid taxing en- tity and that payment proposed by the attached agreements {Exhibits "A", "B" and "C") is necessary to alleviate the financial burden or detriment and that the provisions set forth in the proposed agreements {Exhibits "A", "B" and "C") will eliminate the detrimental fiscal effect upon the taxing agencies; 4. That therefore the proposed agreement by and between the Agency and the County {Exhibit "A"), the Agency and the College District {Exhibit "B") and the Agency and the Unified District {Exhibit "C") are hereby approved as being in the best interests of the Agency and the Project and the Executive Director is authorized and directed to perform all acts necessary on behalf of the Agency to execute the agreements {Exhibits "A", "B" and "C") and that the Executive Director is hereby individually authorized and directed to consent to, accept and execute on behalf of the Agency the agreements identified as Exhibits "A", "B" and "C". -3- DULY AND REGULARLY ADOPTED BY THE REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO this 23rd day of October , 19 85 . AYES: Chairman Richard A, Haffey, Member Mark Addiego~ Member Gus Nicolopu!os NOES: NONF ABSENT: Vice Chairperson Roberta Teglia; Member Emanuele Damonte APPROVED: ~ CHAI I AGENCY OF THE CITY OF S SAN FRANCISCO -4-