HomeMy WebLinkAboutReso 99-047 - Approve the Use of Tax Increment Funds from the Shastec Redevl project area to assist with the Developement of the Clover Creek Long Term Storm Drainage Det Facility � �
'� t� � �
^,�
t
RESOLUTION NO.�'I��LI�
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
APPROVING THE USE OF TAX INCREMENT FUNDS FROM THE
SHASTEC REDEVELOPMENT PROJECT AREA TO ASSIST WITH THE
DEVELOPMENT OF THE CLOVER CREEK LONG-TERM STORM
DRAINAGE DETENTION FACILITY, AND MAKING FINDINGS WITH
RESPECT THERETO.
WHEREAS, the Cities of Redding and Anderson and the County of Shasta jointly adopted
the SHASTEC Redevelopment Project Area Redevelopment Plan on July 2, 1996, the
redevelopment of same to be undertaken jointly by the Redevelopment Agencies of Anderson,
Redding, and Shasta County (collectively referred to herein as SHASTEC); and
WHEREAS, the SHASTEC Redevelopment Plan provides far 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 SHASTEC Redevelopment Plan identifies flooding problems in the Clover
Creek drainage basin as a Project Area blighting condition; and
WHEREAS, SHASTEC is proposing to develop a long-term storm drainage detention
facility at Clover Creek to aid in the elimination of the blighting condition; and
WHEREAS, SHASTEC desires to utilize tax increment funds from the SHASTEC
Redevelopment Project Area for the development of the proposed facility.
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 to develop a long-term
storm drainage detention facility at Clover Creek:
a. The buildings, facilities, structures, and other improvements are of primary
benefit to the Project Area;
b. No other reasonable means of financing the improvements are available to
the community; and
c. The payment of funds for the development of a storm drainage detention ��
facility will assist in the elimination of blight within the SHASTEC I
Redevelopment Project Area and is consistent with the Project Area's �
adopted Implementation Plan. �
�
�
4.
� ` • � �
t �
�
^ 3. The use of redevelopment funds from the SHASTEC Redevelopment Project Area
for the storm drainage detention project is hereby approved.
I HEREBY CERTIFY that the foregoing resolution was introduced, read, and adopted at
a regular meeting of the City Council of the City of Redding on the 6th day of April 1999 by the
following vote:
AYES: COLTNCILMEMBERS: Cibula, Kight , McGeorge, Pohlmeyer and Anderson
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COLTNCIL MEMBERS: None
Robert C. Anderson, Mayor
ATTEST: APPROVED AS TO FORM:
��, ` G�j���!,%;l/
/��
c�V Connie Strohmayer, ity Clerk � W. Leonard Winga e, ity Attorney