HomeMy WebLinkAboutRDA Resolution 08-2007
RESOLUTION NO. 08-2007
REDEVELOPMENT AGENCY, CITY OF SOUTH SAN FRANCISCO, STATE OF
CALIFORNIA
A RESOLUTION AMENDING THE REDEVELOPMENT AGENCY
BUDGET TO FUND THE ACQUISITION OF ONE CHESTNUT AVE.
WHEREAS, the Agency is a redevelopment agency existing pursuant to the Community
Redevelopment Law, California Health and Safety Code Section 33000, et seq., and pursuant to the
authority granted thereunder, has the responsibility to carry out the Redevelopment Plan
("Redevelopment Plan") for the EI Camino Corridor Area Project ("Project Area "); and
WHEREAS, real property located at One Chestnut Ave. in South San Francisco ("Propeliy")
currently being used by Ron Price Motors is for sale, and
WHEREAS, the Agency has approved the acquisition of real property from the San Francisco
Public Utilities Commission ("PUC Parcel") which is located adjacent to the Property, and
WHEREAS, combining the Property and the PUC Parcel would allow for a unified Master
Plan for development of said real property; and
WHEREAS, the Property is located in the Project Area, is at a key intersection in the City
and the purchase of the Property is consistent with and furthers the goals and objectives of the
Redevelopment Plan.
NOW, THEREFORE, BE IT RESOLVED that the Redevelopment Agency Board ofthe City
of South San Francisco hereby appropriates $6,500,000 to the Redevelopment Agency capital budget
for the purpose of acquiring One Chestnut Ave. Funds will come from the Redevelopment Agency
Fund Balance.
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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 14th
day of November, 2007 by the following vote:
AYES:
Councilmembers Mark N. Addiego, Joseph A. Fernekes and Karyl Matsumoto,
Vice Mayor Pedro Gonzalez and Mayor Richard A. Garbarino
NOES: None
ABSTAIN: None
ABSENT:
None
ATTEST: ~ ~
Irene Soto, Interim City Clerk