HomeMy WebLinkAboutReso 96-045 - Approving the use of Redevelopment funds to assist with the realighnment of Del Monte St/Industrial St/Churn Creek Rd � RESOLUTION N0. _9�"�S �
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING APPROVING THE USE OF
REDEVELOPMENT FUNDS TO ASSIST WITH THE REALIGNMENT OF DEL MONTE
STREET/INDUSTRIAL STREET/CHURN CREEK ROAD.
WHEREAS, the Redding Redevelopment Agency ("Agency") desires to contribute tax
increment funds from the Canby-Hilltop-Cypress Redevelopment Project Area toward the
realignment of Del Monte Street/Industrial Street/Churn Creek Road; and
WHEREAS, such improvements are located in part outside of the adopted boundaries of
the Project Area;
NOW, THEREFORE, the City Council FINDS, RESOLVES And ORDERS as follows:
1. The above recitals are true and correct.
2. The City Council makes the following findings in connection with the proposed use of
redevelopment funds for this project:
(a) The public improvements are of primary benefit to the Canby-Hilltop-Cypress
Redevelopment Project Area;
(b) No other reasonable means of financing the improvements is available to the community;
and
(c) The payment of funds for the improvements will assist in the elimination of one or more
blighting conditions inside the Project Area and is consistent with the Five Year
Implementation Plan for the Canby-Hilltop-Cypress Redevelopment Project Area.
3. The City Council hereby approves the use of redevelopment funds from the Canby-Hilltop-
Cypress Redevelopment Project Area to assist with the realignment of Del Monte
Street/Industrial Street/Churn Creek Road.
I HEREBY CERTIFY that the foregoing resolution was introduced and read at a regular
meeting of the Redding City Council on the 5th day of March, 1996, and was duly adopted at said
meeting by the following vote:
AYES: COUNCIL MEMBER P. Anderson, R. Anderson, McGeorge, Murray and Kehoe
NOES: COUNCIL MEMBER None
ABSENT: COUNCIL MEMBER None
ABSTAIN: COUNCIL MEMBER None
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DAVID A. KE ; Mayor
ATTEST: ��
CONNIE STRO MAYER, City ler �
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FORM APPR D: �(�-
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W. LEONARD WING � City Attorney �� �� �� �