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Home My WebLink About05-342 - Resolutions RESOLUTION NO. 05-342 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 A. RECITALS. (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 land for and the cost of installation and construction of any buildings, facilities, structures or other improvements which are publicly owned either within or without a project area, upon a determination by such agency and such legislative body by resolution that such buildings, facilities, structures or other improvements are of benefit to such project area; that no other means of financing the same are available to the community; and, that the payment of funds for same will assist in the elimination of one or more blighting conditions inside the project area. (ii) Attached as Appendix "1" is a document which provides for the Agency's funding of certain capital projects from tax increment resources in estimated amounts (the "Public Projects"). (iii) The officially adopted Rancho Redevelopment Plan of the Rancho Cucamonga Redevelopment Agency (the "Agency"), including all amendments, provides in part for the construction of these community and cultural facilities to serve said project area. (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: SECTION 1: This Council hereby finds that the facts set forth in the Recitals, Part A, of this Resolution are true and correct. SECTION 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. Resolution No. 05-342 Page 2 of 4 SECTION 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. SECTION 4: The 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 and consented to herein. SECTION 5: This Council hereby specifically finds and determines that the construction of the Public Projects specified in Appendix "V and this Agency's funding thereof will assist in the elimination of one or more blighting conditions inside the project area and is consistent with this Agency's implementation plan adopted pursuant to Health and Safety Code section 33490. SECTION 6: The City Clerk shall certify to the adoption of this Resolution. Please see the following page for formal adoption,certification and signatures Resolution No. 05-342 Page 3 of 4 PASSED, APPROVED, AND ADOPTED this 7`h day of December 2005. AYES: Alexander, Gutierrez, Michael, Spagnolo, Williams NOES: None ABSENT: None ABSTAINED: None William J. Al ander, Mayor ATTEST: L ZA,4�&Debra J. Adam C, 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 7`h day of December 2005. Executed this 8'h day of December 2005, at Rancho Cucamonga, California. 5e'bra J. Adak s MC, City Clerk Resolution No. 05-342 Page 4 of 4 APPENDIX 1 Project Location Estimated Cost Anticipated Source(s) of Funding Public Safety Facility 10510 Civic Center $4,100,000 Tax Increment including 3rd Floor Drive Tax Allocation Bond Funds Expansion Base Line Road fiber Base Line Road — $361,000 Tax Increment optic line servicing Fire Station Tax Allocation Bond Funds 173 and Public Safety Substation —V. Gardens 1-15 and Base Line Base Line Road and I- $19,000,000 Tax Increment Road Interchange— 15 freeway Tax Allocation Bond Funds right of way, design, Federal Revenues, construction Transportation Fees, and Measure I Hellman Avenue South of Base Line $2,000,000 Tax Increment Storm Drain Road at Pacific Electric Tax Allocation Bond Funds Railroad Tracks Haven Avenue Haven Avenue at AT $18,000,000 Tax Increment Railroad Underpass and SF Railroad Tax Allocation Bond Funds, Tracks Measure I, City Transportation Fees 1-15 Interchange at 1-15 Interchange at $20,900,000 Tax Increment Arrow Route Arrow Route Tax Allocation Bond Funds Federal Revenues, Transportation Fees, and Measure I Cultural Center, Southside of Cultural $30,400,000 Tax Increment, including design, Center Drive and west Tax Allocation Bond Funds, construction, FIFE, and of Arbor Lane State Library Grant, CDBG, book collection and State Bond Act, Federal materials revenues, County revenues and PAL donations Foothill Boulevard Foothill Boulevard $19,500,000 Tax Increment between Grove and between Grove and Tax Allocation Bond Funds Vineyard Avenue Vineyard Avenue Capital Reserves for Various locations $6,000,000 Tax Increment Central Park, Cultural Tax Allocation Bond Funds Center, Parking Structures, Archibald Library and Civic Center and Public Safety facilities