HomeMy WebLinkAboutReso 2006-001 - Traffic Signal
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ItESOLUTION NO. 2006-01
A ItESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ItEDDING APPROVING THE USE OF TAX INCItEMENT FUNDS
TO CONSTRUCT THE AIRPORT ROADIHIGHW A Y 44
EASTBOUND RA~rfP TRAFFIC SIGNAL PROJECT WITHIN THE
SHASTEC ItEDEVELOPMENT PROJECT AltEA.
WHEREAS, the Redding Redevelopment Agency desires to contribute tax increment fhnds
from the SHASTEC Redevelopment Project to help construct a traffic signal at the Airport
RoadlHighway 44 eastbouna ramp; and
WHEREAS, Section 33445 of the California Health and Safety Code states that the Agc~ncy
may pay all or part of the costs of a public improvement if the legislative body determines 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
WHEREAS, Section 33678 of the California 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, THEREFORJE:, the City Council FINDS, RESOLVES, and ORDERS as follows:
1. The Analysis of Findings, attached and incorporated herein, are hereby adopted in
satisfaction of the requirements set forth in California Health and Safety Code Sections 33445 and
33678.
2. The public improvement is of primary benefit to the SHASTEC Redevelopment
Project Area.
3. There are no oth€:r reasonable means of financing the public improvement available
to the community.
4. The payment offhnds 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.
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I HEREBY CERTIFY that the foregoing resolution was introduced and read at a regular
meeting of the Redding City Council on the 3rd day of January, 2006, and was duly adopted at said
meeting by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
COUNCIL MEMBER: Dickerson, Mathena, Pohlmeyer, Stegall, and Murray
COUNCIL MEMBER: None
COUNCIL MEMBER: None
COUNCIL MEMBER: None
ATTEST:
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CONNIE siItOHMA YE CitY Clerk
APPROVED AS TO FORM:
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RICHARDA.DUVERNAY,/City Atto:mey
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