HomeMy WebLinkAboutReso 2007-017 - Rivercrest Park
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RESOLUTION NO. 2007 - 17
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
APPROVING THE USE OF TAX INCREMENT FUNDS TO CONSTRUCT
PHASE I OF RIVERCREST PARK
WHEREAS, the Redding Redevelopment Agency desires to contribute tax increment
funds from the Canby-Hilltop-Cypress Redevelopment Project for the construction of a neighborhood
park in the Canby-Hilltop Cypress Project Area;
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. There are no other reasonable means of financing the public improvement
available 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.
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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 6th day of February 2007 and was duly adopted at
said meeting by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
COUNCIL MEMBER: Bosetti, Jones, Murray, Stegall, and Dickerson
COUNCIL MEMBER: None
COUNCIL MEMBER: None
COUNCIL MEMBER: None
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DICK DICKERSON, Mayor
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APPROVED AS TO FORM:
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RICHARD A. DUVERNAY, ty Attorney