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HomeMy WebLinkAboutRDA Reso 08-2011 RESOLUTION NO. 08 -2011 REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA A RESOLUTION OF THE BOARD OF THE REDEVELOPMENT AGENCY OF SOUTH SAN FRANCISCO MAKING VARIOUS FINDINGS CONSISTENT WITH SECTION 33445 OF THE CALIFORNIA HEALTH AND SAFETY CODE AND FORGIVING ADVANCES MADE FROM THE REDEVELOPMENT AGENCY TO THE DOWNTOWN PARKING ENTERPRISE FUND WHEREAS, in accordance with the Capital Improvement Program Budget adopted for 2010 -11 on July 28, 2010 pursuant to Resolution 74 -2010, the Redevelopment Agency (the Agency) has provided cash advances to the Downtown Parking Enterprise Fund to accomplish the completion of the Miller Avenue Parking Garage (the Garage); and WHEREAS, pursuant to Section 33445 of the California Health and Safety Code, the Agency may, with the consent of the City Council of the City of South San Francisco pay for the cost of construction of a parking structure that is publicly owned and located within the Project Area if the Agency makes findings based upon substantial evidence as follows below. NOW, THEREFORE, BE IT RESOLVED, by the Board of the Redevelopment Agency that: (1) The Downtown Central Project area businesses will benefit from the provision of additional parking in the downtown area, and therefore the construction of a parking garage that is publicly owned is of benefit to the Project Area; and (2) A parking garage in the Downtown Central Project area will help eliminate blight by encouraging new businesses to locate in the downtown and will also encourage existing businesses to re- invest in the downtown area, and therefore the construction of the parking garage that is publicly owned benefits the Project Area by helping to eliminate blight within the Project Area; and (3) No other reasonable means of financing construction of a parking garage that is publicly owned are available to the community; and (4) Construction of a parking garage that is publicly owned is consistent with the Redevelopment Agency's implementation plan adopted pursuant to California Redevelopment Law Section 33490. BE IT FURTHER RESOLVED, by the Board of the Redevelopment Agency that all funds loaned or advanced from the Redevelopment Agency to the Downtown Parking Enterprise Fund to complete the Miller Avenue Parking Garage are hereby forgiven; and BE IT FURTHER RESOLVED THAT any encumbrances or budgets in place to complete the Miller Avenue Parking Garage with funds not yet spent as of the date of the adoption of this Resolution shall be funded by the Redevelopment Agency. * * * 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 special meeting held on the 2nd day of March, 2011 by the following vote: AYES: Boardmembers Mark Addiego, Pedro Gonzalez, and Karyl Matsumoto, Vice Chair Richard A. Garbarino and Chairman Kevin Mullin NOES: None ABSTAIN: None ABSENT: None eTh ATTEST C � �/ � City Clerk