HomeMy WebLinkAboutReso 99-063 - Approving the use of Tax Increment Revenue from the Canby-Hilltop-Cypress Project to acquire property and develop a Sports Park � •
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RESOLUTION NO. 99-�
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
APPROVING THE USE OF TAX INCREMENT REVENUE FROM THE
CANBY-HILLTOP-CYPRESS PROJECT TO ACQUIRE PROPERTY AND
DEVELOP A SPORTS PARK.
WHEREAS,the Redding Redevelopment Agency desires to contribute tax increment
funds from the Canby-Hilltop-Cypress Redevelopment Project for the acquisition of property and
the development of a sports park;
WHEREAS, Section 33445 of the Health and Safety Code states that befare the
Agency can pay all or part of the value of land for and the cost of any public improvement either
within or outside the project area, the legislative body must first determine that the improvements
will benefit the Project from which the funds are derived, that there are no other reasonable means
of financing the improvements, 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 meet the definition of Redevelopment as prescribed
in Sections 33020 and 33021 of the Health and Safety Code and 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 improvements meet the definition of Redevelopment and are of
primary benefit to the Canby-Hilltop-Cypress Redevelopment Project Area.
3. There are no other reasonable means of financing the public improvements
available to the community.
4. The payment of funds for the public improvements will assist in the
elimination of one or more blighting conditions in the Project Area and is consistent with the
adopted implementation plan.
5. The findings set forth in this resolution are based on the information contained
in the written staff report, the Analysis of Proposed Use of Redevelopment Funds, and staff
comments made at the City Council meeting. �
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I HEREBY CERTIFY that the foregoing resolution was introduced and read at a
regular meeting of the Redding City Council on the 20`h day of April 1999 and was duly adopted at
said meeting by the following vote:
AYES: COUNCIL MEMBER: Cibula, Kight, McGeorge, Pohlmeyer and Anderson
NOES: COUNCIL MEMBER: None
ABSENT: COITNCIL MEMBER: None
ABSTAIN: COLTNCIL MEMBER: None
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Robert C. Anderson, Mayar
ATTEST: APPROVED AS TO FORM:
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V Connie Strohmayer, ity Cierk W. Leonard Wingate, ity Attorney