HomeMy WebLinkAboutReso 99-131 - Approving Use of Tax Increment Funds to Assist in the Development of a Trail System & Related Recreational Amenities on City Owner Prop along Parkview Ave • _ � ,
RESOLUTION NO. 99 ��.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING APPROVING
THE USE OF TAX INCREMENT FUNDS TO ASSIST IN THE DEVELOPMENT OF A
TRAIL SYSTEM AND RELATED RECREATIONAL ANIENITIES ON CITY-OWNED
PROPERTY ALONG PARKVIEW AVENUE,AND MAKING FINDINGS WITH RESPECT
THERETO.
WHEREAS,the Redding Redevelopment Agency desires to contribute tax increment funds from the Market Street
Redevelopment Project to assist in the development of a trail system and related recreational amenities on City-owned
property along Parkview Avenue adjacent to the Sacramento River;
WHEREAS, Section 33445 of the Health and Safety Code states that before the Aaency can pay all or part of 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 or the immediate neighborhood in which the project
is located, 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 ofthe Health and Safety Code states that redevelopment activities utilizing tax increment
funds 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 improvements are of primary benefit to the Project Area.
3. No other reasonable means of financing the public improvements are available to the community.
4. The payment of funds for the public improvement will assist in the elimination of one or more blighting
condition 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 October 1999 and was duly adopted at said meeting by the following vote:
AYES: COUNCILMEMBERS: Cibula, Kight, McGeorge, Pohlmeyer and Anderson
NOES: COt7NCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None
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obert C. Anderson, Mayor
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AT�'ES`i: � APPROVED AS TO FORM: �
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Connie Strohmayer, City C rk W. eonard Wingate, i�Attorney �: