HomeMy WebLinkAboutReso 98-109 - Auth Execution of a Participation Agreement Between the Redding Redevelopment Agency, COR, & Owners of Mt Shasta Mall, and Gottschalks and confirming the findings with respect thereto . T
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RESOLUTION NO. 98-/��_
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
AUTHORIZING THE EXECUTION OF A PARTICIPATION AGREEMENT
BETWEEN THE REDDING REDEVELOPMENT AGENCY, THE CITY OF
REDDING, THE OWNERS OF THE MT. SHASTA MALL, AND
GOTTSCHALKS, AND CONFTRMING THE FINDINGS WITH RESPECT
THERE�'O.
WHEREAS, the Redding Redevelopment 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 all or part of the Project Area; and
WHEREAS, the Mt. Shasta Mall is located within the Project Area, and the
reconfiguration, improvement and expansion of the retail mall within the Project Area meets the
criteria for redevelopment pursuant to Health & Safety Code Section 33020; and
WHEREAS, a proposed Participation Agreement between the Redding Redevelopment
Agency, the City of Redding, the owners of the Mt. Shasta Mall, and Gottschalks provides for
(1) the expansion of the existing retail mall within the Canby-Hilltop-Cypress Project Area; (2)
the construction of or participation in the construction of improvements by the Redding
Redevelopment Agency in a sum not to exceed $375,000; and (3) the reimbursement by the
Redevelopment Agency of permit and development fees paid for by the developer and Gottschalks
relating to the expansion in an amount not to exceed $100,000; and
WHEREAS, the City of Redding has the power, in connection with redevelopment
projects, pursuant to Health & Safety Code Section 33220, to dedicate land, cause the construction
of public improvements and facilities, close streets, and enter into agreements respecting action
to be taken pursuant to such powers;
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Redding
confirms the findings of the Board of Directors of the Redding Redevelopment Agency, as
follows:
l. That the buildings, facilities, structures and other improvements required by the
Participation Agreement and development permits issued by the City of Redding are of benefit to �
the Project Area and the immediate neighborhood in which the Project is located, and are
necessary to effectuate the purposes of the Redevelopment Plan as required by Health & Safety I
Code Section 33421.1. �
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2. That no other reasonable means of financing the building's facilities, structures, and
other improvements are available to the community in order for the Redevelopment Project to
proceed; and the amount of funding of up to $100,000 for development fees and other fees
relating to the development of the Project bears a reasonable relationship to the total value of the
Mt. Shasta Mall as redeveloped.
3. That the construction of or participation in the construction of improvements and
the payment of funds meet the criteria of Health & Safety Code Sections 33020, 33421 and 33430,
and will assist in the elimination of one or more blighting conditions found within the Project
Area, including the covering of the ditch on Canby Road, the remodeling of the exterior of J.C.
Penney's, and the enhancement of the Mall to attract new tenants, thereby reversing a substantial
risk of economic deterioration and viability.
4. That the Participation Agreement will further the purposes of the Canby-Hilltop-
Cypress Redevelopment Plan.
BE IT FURTHER RESOLVED that:
1. The Participation Agreement is hereby approved; and
2. The Mayor is authorized and directed to execute the agreement on behalf of the
City of Redding.
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 28th day of July, 1998, by
the following vote:
AYES: COiJP1CILMEMBERS: Cibula and Kight
NOES: COiJNCIL MEMBERS: Kehoe
ABSENT: COiJNCIL MEMBERS: McGeorge
ABSTAIN: COLTNCIL MEMBERS: Anderson
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AVID A. HOE, Mayor
Attest: Form Approved:
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Connie Stro mayer, lerk W. Leonard Wing�te City Attorney
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