HomeMy WebLinkAboutReso 2000-039 - Mt Shasta Mall Expansion if
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RESOLUTION NO. 2000-39
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
APPROVING THE USE OF REDEVELOPMENT FUNDS TO ASSIST WITH
CERTAIN PUBLIC IMPROVEMENTS ASSOCIATED WITH THE
MT. SHASTA MALL EXPANSION PROJECT, AND MAKING FINDINGS
WITH RESPECT THERETO.
WHEREAS, the Redding Redevelopment Agency (Agency) adopted the Canby-Hilltop-
Cypress Project Area Redevelopment Plan on July 20, 1981; and
WHEREAS, the Redevelopment Plan as amended on November 6, 1990, provides for the
planning, development, replanning, redesign, clearance, reconstruction or rehabilitation, or any
combination of these,of property both inside and outside of the Project Area,necessary to carry out
the Plan; and
WHEREAS,the owners of the Mt. Shasta Mall(Owners)desire to renovate and expand the
existing Mt. Shasta Mall; and
WHEREAS, the Mt. Shasta Mall is located within the Project Area, and certain public
improvements associated with the expansion and renovation of the Mall facility meet the criteria for
redevelopment; and
WHEREAS,the Agency desires to contribute tax increment funds received from the Canby-
Hilltop-Cypress Redevelopment Project Area to assist Owners with the project.
NOW,THEREFORE,the City Council of the City of Redding FINDS, RESOLVES, and
ORDERS as follows:
1. The above recitals are true and correct.
2. In connection with the proposed use of redevelopment funds for certain public
improvements associated with the Mt.Shasta Mall expansion and renovation project:
a. The public improvements are of benefit to the Project Area;
b. No other reasonable means of financing the public improvements are
available to the community;
c. The payment of funds for the development of the public improvements will
assist in the elimination of blighting conditions within the Canby-Hilltop-
Cypress Project Area and is consistent with the Project Area's adopted
Implementation Plan; and
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d. The provision of the public improvements is necessary to effectuate the
purposes of the Redevelopment Plan for the Canby-Hilltop-Cypress Project
Area.
3. The City Council hereby approves the use of redevelopment funds from the Canby-
Hilltop-Cypress Redevelopment Project Area to assist with certain public
improvements associated with the expansion and renovation of the Mt. Shasta Mall.
I HEREBY CERTIFY that the foregoing resolution was introduced, read, and adopted at
a special meeting of the City Council of the City of Redding on the 22nd day of February 2000 by
the following vote:
AYES: COUNCIL MEMBERS: Cibula, Pohlmeyer, and Kight
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: Anderson and McGeorge
Pat Kight, Mayor rr Pro Tempore
ATTEST: APPROVED AS TO FORM:
074/ e
Connie Strohmayerrk W. Leonard Wingate, i Attorney
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