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HomeMy WebLinkAbout10-088 - Resolutions RESOLUTION NO. 10-088 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 33445.1 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 and are located outside and not contiguous to the project area, but are located within the community, upon specified findings based on substantial evidence in the record by such agency and such legislative body by resolution that such buildings, facilities, structures or other improvements are of primary benefit to such project area; that no other means of financing the same are available to the community; that the payment of funds for the acquisition of land or the cost of buildings, facilities, structures or other improvements that are publicly owned is consistent with the implementation plan; that the acquisition of land and the installation of each building, facility, structure, or improvement that is publicly owned is provided for in the redevelopment plan; and, that the payment of funds for same will assist in the elimination of one or more blighting conditions inside the project area or will directly assist in the provision of housing for low- or moderate-income persons. (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 33445.1. Section 3. The Council hereby specifically finds, based on substantial evidence in the record that no other reasonable means of financing the acquisition of the land or the installation or construction of the buildings, facilities, structures, or other improvements that are publicly owned, are available to the community, including, but not limited to, general obligation bonds, revenue bonds, special assessment bonds, or bonds issued pursuant to the Mello-Roos Community Facilities Act of 1982 (Chapter 2.5 (commencing with Section 53311) of Part 1 of Division 2 of Title 5 of the Government Code). Section 4. The Council hereby specifically finds, based on substantial evidence in the record that the payment of funds for the acquisition of land or the cost of buildings, facilities, structures, or other improvements specified in Appendix "1" is consistent with the Implementation Plan adopted pursuant to Health and Safety Code Section 33490. Section 5. The Council hereby specifically finds, based on substantial evidence in the record that the acquisition of land and the installation of each building, facility, structure, or improvement that is publicly owned is provided for in the Redevelopment Plan. Section 6. This Council hereby specifically finds, based on substantial evidence in the record that the construction of the Public Projects specified in Appendix "1" and this Agency's funding thereof will benefit the project area by assisting in the elimination of one or more blighting conditions inside the project area, or will directly assist in the provision of housing for low- or moderate-income persons. Section 7. The City Clerk shall certify to the adoption of this Resolution. Please see the following page for formal adoption,certification and signatures Resolution No. 10-088 - Page 2 of 4 PASSED, APPROVED, AND ADOPTED this 16th day of June 2010. AYES: Gutierrez, Kurth, Michael, Spagnolo, Williams NOES: None ABSENT: None ABSTAINED: None Donald J. Kurth, :D., Mayor ATTEST: nice C. Reynolds, City Cldfk I, JANICE C. REYNOLDS, 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 16th day of June 2010. Executed this 17th day of June 2010, at Rancho Cucamonga, California. nice C. Reynolds, City Clerk Resolution No. 10-088 - Page 3 of 4 APPENDIX 1 Outside Project Arca Project Location Estimated Anticipated Source(s) of Cost Funding Etiwanda Train East side of Etiwanda Ave., $3,000,000 Tax Increment Depot Preservation north of Base Line Rd. Tax Allocation Bonds I-15 Interchange at I-15 Interchange at Base $31,000,000 Tax Increment Base Line Rd. Line Rd. Tax Allocation Bond Funds Federal Revenues Transportation Fees Measure 1 Public Work 9153 9` St. $4,000,000 Tax Increment Service Center Tax Allocation Bond Funds Expansion East Ave. Storm East Ave., north of Foothill $8,000,000 Tax Allocation Bond Funds Drain Blvd. Foothill Blvd. Foothill Blvd. at East Ave. $700,000 Tax Increment Improvements Tax Allocation Bond Funds Resolution No. 10-088 -Page 4 of 4