HomeMy WebLinkAbout89-573 - Resolutions RESOLUTION NO. 89-573
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAMONGA, CALIFORNIA, REGARDING PROJECTS BENEFITING THE
RANCHO REDEVELOPMENT PROJECT AND MAKING CERTAIN FINDINGS
IN REGARD THERETO
A. Recital s.
(i) The Community Redevelopment Law of the State of California
(Health and Safety Code Sections 33000, et seq.), among other provisions
granting powers to redevelopment agencies, contains Section 33445 which
provides that a redevelopment agency, with the consent of the legislative
body, may pay all or part of the value of the land for and the cost of the
installation and construction of any building, facility, structure or other
improvement which is publicly owned, either within or without a project area,
upon a determination by such agency and such legislative body by resolution
that such building, facility, structure or other improvement is of benefit to
such project area and that no other reasonable means of financing the same are
available to the community.
(ii) The officially adopted redevelopment plan as heretofore amended
of Rancho Cucamonga Redevelopment Agency (hereinafter the "Agency") for its
Rancho Redevelopment Project provides in part for the construction of
con~nunity facilities to serve said project area.
(iii) Attached as Appendix "1" is a document which provides for the
Agency's funding of certain capital projects from tax increment resources in
specified maximum amounts (hereinafter the "Public Projects").
(iv) All legal prerequisites to the adoption of this Resolution
related to the Public Projects have occurred.
B. Resolution.
NOW, THEREFORE, the City Council of the City of Rancho Cucamonga does
hereby find, determine and resolve as follows:
1. This Council hereby finds that the facts set forth in the
Recitals, Part A, of this Resolution are true and correct.
2. The City of Rancho Cucamonga hereby consents to the Rancho
Cucamonga Redevelopment Agency's funding of the costs and expenses related to
the Public Projects specified in Appendix "1" hereto pursuant to Health and
Safety Code Section 33445.
3. This Council hereby specifically finds and determines that the
construction of the Public Projects by and through Agency's funding will be of
benefit to the Agency's Rancho Redevelopment Project.
4. This Council hereby specifically finds and determines that no
other reasonable means of financing is available to the community to construct
the Public Projects other than through the Agency's funding thereof as
specified in Appendix "1" hereto.
Resolution No. 89-573
Pa ge 2
5. Pursuant to California Health and Safety Code Section 33421.1,
this Council hereby finds that Agency's provision of public improvements which
owners or operators of site within the Rancho Redevelopment Project Area may
have been required to provide as specified in Appendix "1" hereto is necessary
to effectuate the Rancho Redevelopment Plan.
6. The City Clerk shall certify to the adoption of this Resolution.
PASSED, APPROVED, and ADOPTED this 6th day of December, 1989.
AYES: Alexander, Buquet, Brown, Stout, Wright
NOES: None
ABSENT: None
~Dennis L. Stout, Mayor
ATTEST:
~ City Clerk
I, DEBRA J. ADAMS, CITY CLERK of the City of Rancho Cucamonga,
California, do hereby certify that the foregoing Resolution was duly passed,
approved, and adopted by the City Council of the City of Rancho Cucamonga,
California, at a regular meeting of said City Council held on the 6th day of
December, 1989.
Executed this 7th day of December, 1989 at Rancho Cucamonga,
California.
ebra J. A~
Resolution No. 89-573
Pa ge 3
Public Improvement Projects to Be Financed By RDA
Appendix "1"
Project Location Cost Source of Funding
Day Creek Day Canyon, north of $50,000,000 Tax Increment
City through entire Tax Allocation Bonds
lengt~ of Project Area Community Facilities District
Etiwanda/San Sevaine Etiwanda & San Sevaine $94,000.000 Tax Increment
canyons, NE of City thru Tax Allocation Bonds
entire length of Project Area
Foothill Boulevard Foothill Boulevard $30,000,000 Tax Increment
Improvements Tax Allocation Bonds
Fire Station 3 Base Line, west of $3,500,000 Tax Increment
Rochester Avenue Certificates of Participation
Fire Station 4 Jersey Boulevard and $5,500,000 Tax Increment
Training Facility Milliken Avenue $2,200,000 Certificates of Participation
Maintenance Facility $3,500,000
Fire Station 5 Deer Creek Channel and $3,000,000 Tax Increment
Banyan Street Certificates of Participation
Sports Complex Rochester Avenue, south $7,000,000 Tax Increment
of Foothill Boulevard Tax Allocation Bonds
Central Park Base Line, west of $40,000,000 Tax Increment
Milliken Avenue Tax Allocation Bonds
Regional Shopping Foothill Boulevard and $7,300,000 Tax Alocation Bonds
Center I - 1 5
(includes land and
offsite improvements)
Milliken Underpass Milliken Avenue, south $4,500,000 Tax Increment
of Jersey Boulevard Tax Allocation Bonds