HomeMy WebLinkAboutReso RDA 7-1989 RESOLUTION NO. 7-89
REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
A RESOLUTION ADOPTING FINDINGS PURSUANT TO SECTION 33401
OF THE HEALTH AND SAFETY CODE AND APPROVING AN AGREEMENT
BY AND BETWEEN THE REDEVELOPMENT AGENCY OF THE CITY OF
SOUTH SAN FRANCISCO AND THE COUNTY OF SAN MATEO
WHEREAS, in furtherance of the objectives of the Community Redevelopment
Law, the Redevelopment Agency of the City of South San Francisco plans to
undertake a program for the clearance and reconstruction or rehabilitation
of slum and blighted areas in the City, and in this connection intends to
carry out a redevelopment project known as the Downtown/Central Redevelopment
Project located in the City pursuant to a proposed Redevelopment Plan; and
WHEREAS, Article XVI, Section 16 of the Constitution of the State of
California, and Article 6, Chapter 6 of the Community Redevelopment Lawj
Division 24 of the California Health 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, advances and indebtedness referred to as "tax
increment financing"; and
WHEREAS, the California Community Redevelopment Law, Section 33401 of
the Health and Safety Code, provides 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,
WHEREAS, the Agency has received evidence from the County of San Mateo
that it will suffer a financial burden and detriment as a result of the
implementation of the Project and the provisions set forth in the agreements
will eliminate the detrimental fiscal effect upon the County which is a taxing
agency with territory located within the Project; and
NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency of the City
of South San Francisco that the agreement by and between the Agency and the
County of San Mateo entitled "Agreement to Alleviate Financial Burden or
Detriment From the South San Francisco Downtown/Central Redevelopment Project"
is hereby approved as being in the best interests of the Agency and the Project
and the Executive Director is authorized to perform all acts necessary on
behalf of the Agency to execute and implement the agreement. A copy of the
agreement is on file in the City Clerk's Office.
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 24th~day of~ "May , 1989, by
the following vote:
AYES: RedevelopmentAgency Boardmembers Mark~N, Addiego,'Jack'Drago ....
Richard A. Haffey. Gus Nicolopulos, and'Chairwoman Roberta Cerri Teglia
NOES: None
ABSTAIN: None
ABSENT: None
~ATTEST:
Redevelopment Agency ~
of South San Francisco