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HomeMy WebLinkAboutReso 2005-074 - Realign Churn Creek Rd . RESOLUTION NO. 2005-74 It A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING APPROVING THE USE OF TAX INCREMENT FUNDS TO WIDEN AND REALIGN CHURN CREEK ROAD WITHIN THE CANBY -HILL TOP-CYPRESS PROJECT. WHEREAS, the Redding Redevelopment Agency desires to contribute tax increment funds from the Canby-Hilltop-Cypress Redevelopment Project to widen Churn Creek Road between Denton Way and Arizona Street and to realign Chum Creek Road between Arizona Street and South Bonnyview 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 fInancing the improvement, and that the project will 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 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 improvement is of primary benefIt to the Canby-Hilltop-Cypress Redevelopment Project Area. 3. to the community. There are no 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 CERTliFY that the foregoing resolution was introduced and read at a regular meeting of the Redding City Council on the 7th day of June 2005, and was duly adopted at said meeting by the following vote: AYES: NOES: ABSENT: ABSTAIN: COUNCIL MEMBER: Dickerson, Murray, PoWmeyer, Stegall, and Mathena COUNCIL MEMBER: None COUNCIL MEMBER: None COUNCIL MEMBERNNone ..--- Attest: Form Approved: ~~eY Clerk o U\ ~ ..L. ~.