HomeMy WebLinkAboutReso 2004-122 - Fire Hydrant on Oregon St
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RESOLUTION NO. 04-122
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
APPROVING THE USE OF TAX INCREMENT FUNDS TO PAY FOR THE
MATERIAL COSTS ASSOCIATED WITH THE INSTALLATION OF A FIRE
HYDRANT ON OREGON STREET, NORTH OF SHASTA STREET, WITHIN THE
MARKET STREET REI>EVEJLOPMENT PROJECT AREA.
WHEREAS, the Redding Redevelopment Agency desires to contribute tax increment funds
from the Market Street Redevelopment Project to pay for the material costs associated with the installation of
a fIre hydrant on Oregon Street, north of Shasta Street; and
WHEREAS, Section 33445 of the Health and Safety Code states that before the Agency can
pay all or part of the costs of any public improvement, the legislative body must fIrst determine that the
improvement will benefIt the Project from which the funds are derived, that there are no other reasonable
means of fmancing the improvement, and that the project will assist in the elimination of blight; and
WHEREAS, Section 33678 of the Health and Safety Code states that use of tax increment
funds for public improvements must primarily benefIt the project area; and
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, improvement is of primary benefIt to the Market Street Redevelopment
Project Area.
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to the community.
There are 110 other reasonable means of fInancing the public improvement available
4. The payment of funds for the public improvement will assist in the elimination of one
or more blighting conditions 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 20th day of July 2004 and was duly adopted at said meeting by the
following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
COUNCIL MEMBER:
COUNCIL MEMBER:
COUNCIL MEMBER:
COUNCIL MEMBER:
Kight, Mathena, Stegall, and Pohlmeyer
None
None
Cibula
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APPROVED AS TO FORM:
LW~~ITYATIORNEY
By: BARRY E. DEWALT, Assistant City Attorney
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ATTEST: