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HomeMy WebLinkAbout11-077 - Resolutions RESOLUTION NO. 11-077 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 and are located inside or contiguous to the 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 by helping to eliminate blight inside the project area or by providing housing for low-or moderate income persons; that no other means of financing the same are available to the community; and, 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. (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. 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 by helping to eliminate blight within the project area or by providing housing for low- or moderate-income persons. 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. The Council hereby specifically finds and determines 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 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. 11-077 - Page 2 of 4 PASSED, APPROVED, AND ADOPTED this 9`h day of June 2011. AYES: Alexander, Buquet, Michael, Spagnolo, Williams NOES: None ABSENT: None ABSTAINED: None r ' � L. Dennis Michael, Mayor ATTEST: nice C. Reynolds,(City Clerk OU 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 Special Meeting of said City Council held on the 9'h day of June 2011. Executed this 10`h day of June 2011, at Rancho Cucamonga, California. &fiice C. Reynolds, nity Clerk Resolution No. 11-077 - Page 3 of 4 APPENDIX 1 Inside or Contiguous to Project Area Project Location Estimated Anticipated Source(s) of Cost Funding Archibald Ave. Archibald Ave. between $185,600 Tax Increment Rehab Foothill Blvd. and Base Tax Allocation Bonds Line Rd. Haven Ave. Median Haven Ave. between 4 St. $5,000,000 Tax Increment Retrofits and 19`h St. Tax Allocation Bonds Public Safety Civic Center $725,000 Tax Increment Generator Enclosure Tax Allocation Bonds Resolution No. 11-077 - Page 4 of 4