HomeMy WebLinkAboutReso 91-2010RESOLUTION NO. 91-2010
CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
A RESOLUTION AUTHORIZING THE EXPENDITURE OF
TAX INCREMENT FUNDS FOR THE RF;HABILITATION OF
339 COMMERCIAL AVENUE 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/Central Redevelopment Project (the
"Project Area") and adopted the Redevelopment Plan for the Project Area (as subsequently
amended, the "Redevelopment Plan");
WHEREAS, the Agency has acquired the property located within the Project Area at 339
Commercial Avenue (the "Property");
WHEREAS, the building located on the Property includes two (2) residential units that
are rented at affordable rents to very low-income households;
WHEREAS, the Agency intends to undertake necessary rehabilitation of the building
located on the Property (the "Project") and to fund such wort: with tax increment funds;
WHEREAS, Health and Safety Code Section 33445 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 t:he; redevelopment project area if the
legislative body determines all of the following:
a. The buildings, facilities, structures, or other iimprovements 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 pa}nnent 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, the proposed expenditure of tax increment funds for the Project will enable
the Agency to rehabilitate a residential building that provides two (2) units of housing affordable
to very low-income households;
WHEREAS, the expenditure of tax increment funds for the Project will be of benefit to
the Project Area by eliminating blight and by providing affordable housing;
WHEREAS, the expenditure of tax increment funds for the Project is consistent with the
Implementation Plan 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, and provide housing affordable to very low-income households;
and
WHEREAS, the Project will not generate sufficient c~~sh flow to the City or the 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 Project exists.
NOW, THEREFORE, BE IT RESOLVED by the City 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 staff report
accompanying this Resolution, that: (i) the expenditure of tax increment funds for the Project
will be of benefit to the Project Area by helping to eliminate blight within the Project Area and
providing housing affordable to very low-income households, (ii) no other reasonable means of
financing the Project is reasonably available, and (iii) completion of the Project is consistent with
the Implementation Plan adopted for the Project Area.
2. Approves the expenditure of tax increment funds in the amount of Eighty Five Thousand,
Five Hundred and Three Dollars and Forty-Five Cents ($85,503.45) for the Project.
3. 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 rel;ularly introduced and adopted by
the City Council of the City of South San Francisco at a regullar meeting held on the 13t" day of
October, 2010 by the following vote:
AYES: Councilmembers Pedro Gonzalez, Richard A. Ciarbarino, and Karyl Matsumoto,
Vice Mayor Kevin Mullin and Mayor Mark Addiego
NOES: None
ABSTAIN: None
ABSENT: None
ATTEST:
City Clerk