HomeMy WebLinkAboutReso 2004-199 - Market Street
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RESOLUTION NO. 2004-199
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING APPROVING THE
USE OF TAX INCREMENT. FUNDS TO CONSTRUCT A TRAFFIC SIGNAl, AND
RELATED ROAD WORK WITHIN THE MARKET STREET PROJECT.
WHEREAS, the Redding Redevelopment Agency desires to contribute tax increment funds from the
Market Street Redevelopment Project ti)r the construction of a traffic signal and related road work at the intersection
of State Route 273 and Clear Creek Road;
. 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 wiill assist in the elimination of blight and is consistent with an adopted
implementation plan;
WHEREAS, Section 33678 of the Health and Safety Code states that use of tax increment funds for
public improvements mustprimarUy benefit the project area;
WHEREAS, the City Council is the legislative body for the City of Redding;
NOW, THEREFORE, thc~ City Council FINDS, RESOLVES, and ORDERS as follows:
I. The abo~e recitals are true and correct.
2. The public improve:ment is of primary benefitto the Market Street Redevelopment Project Area.
3. There are no other reasonable means of financing the public improvement availl;lble to the
community.
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 special meeting of
the Redding City Council on the 13th 4ay of December 2004 and was duly adopted at said meeting by the following
vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
COUNCIL MEMBER:
COUNCIL MEMBER:
COUNCIL MEMBER:
COUNCIL MEMBER:
Cibula, Dickerson, Kight, Murray, and Mathena
None
None
Non
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FORM APPROVED:
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. m City Attorney