HomeMy WebLinkAboutReso 99-004 - Approving the use of Tax Increment Funds to Construct a Monument Gateway Sign within the Canby-Hilltop-Cypress Project � RESOLUTION NO. 99-� �
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
APPROVING THE USE OF TAX INCREMENT FUNDS TO CONSTRUCT
A MONUMENT GATEWAY SIGN WITHIN THE CANBY-HILLTOP-
CYPRESS PROJECT.
WHEREAS,the Redding Redevelopment Agency desires to contribute tax increment funds
from the Canby-Hilltop-Cypress Redevelopment Project for the construction of a monument gateway sign
at the southeast corner of the northbound I-5/Cypress Avenue off ramp;
WHEREAS,Section 33445 of the Health and Safety Code states that before the Agency can
pay all or part of the costs of any public improvement, the legislative body must first determine that the
improvement will benefit the Project from which the funds are derived, that there are no other reasonable
means of financing the improvement, and that the project will assist in the elimination of blight;
WHEREAS, Section 33678 of the Health and Safety Code states that use of tax increment
funds for public improvements must primarily benefit the project area;
WHEREAS,the City Council is the legislative body for the City of Redding;
NOW,THEREFORE,the City Council FINDS,RESOLVES,and ORDERS as follows:
1. The above recitals are true and correct.
2. The public improvement is of primary benefit to the Canby-Hilltop-Cypress
Redevelopment Project Area.
3. There are no other reasonable means of financing the public improvement available
to the community.
4. The payment of funds for the public improvement will assist in the elimination of
one or more blighting conditions in the Project Area and is consistent with the adopted implementation plan.
I HEREBY CERTIFY that the foregoing resolution was introduced and read at a regular
meeting of the Redding City Council on the Sth day of January 1999 and was duly adopted at said meeting
by the following vote:
AYES: COLTNCILMEMBER: Cibula, Kight , McGeorge and Anderson
NOES: COUNCIL MEMBER: None
ABSENT: COLTNCIL MEMBER: None
ABSTAIN: COLTNCIL MEMBER: None
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Mayor, Robert C. Anderson
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ATTEST: APPROVED AS TO FORM: �
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Connie Strohmayer, City Cl W. Leonard Wingate, �ty Attorney
Rescinded by Resolution 2000-91