HomeMy WebLinkAboutReso 82-2010RESOLUTION NO. 82-2010
CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
A RESOLUTION APPROVING A BUDGET' AMENDMENT,
AUTHORIZING THE EXPENDITURE OF TAX INCREMENT
FUNDS FOR THE ACQUISITION OF PROPERTY AND
ADOPTING FINDINGS REQUIRED BY HEALTH AND
SAFETY CODE SECTION 33445
WHEREAS, the Redevelopment Agency of the City of South San Francisco ("Agency")
is a redevelopment agency formed, existing and exercising; its powers pursuant to California
Community Redevelopment Law, Health and Safety Code Section 33000 et seq. ("CRL");
WHEREAS, by Ordinance No. 1056-89, the City Council of the City of South San
Francisco ("City Council") established the Downtown/Cf;ntral Redevelopment Project (the
"Project Area") and adopted the Redevelopment Plan for the Project Area (as subsequently
amended, the "Redevelopment Plan");
WHEREAS, City and Agency staff have been collaborating to develop a public parking
facility in the Project Area on Miller Avenue (the "Project");
WHEREAS, in connection with the Project the Agency proposes to acquire property
located at 356 Grand Avenue and known as San Mateo Country Assessor's Parcel No. 012-312-
300 (the "Property") for potential use as a public pedestrian plaza;
WHEREAS, the owner of the Property and the Agency have negotiated. a purchase and
sale agreement ("Purchase and Sale Agreement") a copy of which has been provided to the
City Council and is on file with the City Clerk;
WHEREAS, the Purchase and Sale Agreement provides for a purchase price of One
Million Seven Hundred Thousand Dollars ("Purchase Price");
WHEREAS, Section 33445 of the CRL provides that a redevelopment agency may,
with the consent of the legislative body, pay for all or a portion of the cost of the land for and
cost of construction of any building, facility, structure, or other improvements that are publicly
owned and located within or contiguous to the redevelopment project area if the legislative body
determines all of the following:
a. The buildings, facilities, structures, or oche-r improvements are of benefit to
the project area by helping to eliminate blight within the project area or providing housing
for low- or moderate-income persons;
b. No other reasonable means of financing the acquisition of the land and installation
or construction of the buildings, facilities, structures, or other improvements is available to
the community; and
c. The payment of funds for the acquisition of land and the cost of buildings,
facilities, structures, or other improvements is consistent with the Five Year Implementation
Plan adopted by the Agency pursuant to Section 33490.
WHEREAS, as more fully described in the Staff Report accompanying this Resolution
(the "Report"), the proposed expenditure of tax increment funds for acquisition of the Property
will enable the City and the Agency to acquire a blighted structure and proceed with the
development of a pedestrian plaza that will improve the appearance of the area surrounding the
Project, provide an important public amenity, and assist in the attraction and retention of
businesses in the Project Area by providing for public uses that will attract patrons and thereby
increase economic activity and encourage private investment in the Project Area;
WHEREAS, as more fully described in the Report, the expenditure of tax increment
funds for the Project will be of benefit to the Project Area by eliminating blight and by
promoting economic development;
WHEREAS, as more fully described in the Report, the expenditure of tax increment
funds for the Project is consistent with the Implementation Plari adopted by the Agency pursuant
to Health and Safety Code Section 33490, in that the Project will further the goals and objectives
of the Redevelopment Plan, improve the appearance of the Project Area, improve access to
Project Area businesses, and support economic development; and
WHEREAS, as more fully described in the Report, the Project will not generate cash
flow to the City or Agency, and therefore cannot support debt service; the City has no
unrestricted general fund revenue available for the Project without a reduction in vital
community services; and the City does not have and cannot reasonably obtain revenue available
for such purposes, and therefore no other reasonable means of financing the acquisition of the
Property exists.
NOW, THEREFORE, BE IT RESOLVED by the Cif:y Council of the City of
South San Francisco that it hereby:
1. Finds based upon the foregoing recitals and the evidence set forth in the Report, that: (i)
the expenditure of tax increment funds to acquire the Property will be of benefit to the Project
Area helping to eliminate blight within the Project Area, (ii) no other reasonable means of
financing such acquisition is reasonably available, and (iii) completion of the Project is
consistent with the Implementation Plan adopted for the Projf;ct: Area.
2. Approves a budget amendment to transfer Seven Hundred and Ninety Thousand Dollars
($790,000) from Tax Increment Reserves to the Capital Improvement fund.
3. Approves the Agency's expenditure of tax increment funds in the amount of One Million
Seven Hundred Thousand Dollars ($1,700,000) for the acquisitiion of the Property.
4. Authorizes the City Manager to undertake such actions and to execute such instruments
as may be necessary or desirable in order to carry out the intent of this Resolution.
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 8th day of
September 2010 by the following vote:
AYES: Councilmembers Pedro Gonzalez, Richard A. Garbarino, and Karyl Matsumoto,
Vice Mayor Kevin Mullin and Mayor Mark Add~iego
NOES: None
ABSTAIN: None
ABSENT: None