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Home My WebLink AboutReso 2003-049 - Browing Street WideningA RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING APPROVING THE USE OF TAX INCREMENT FUNDS TO CONSTRUCT THE BROWNING STREET WIDENING AND EXTENSION PROJECT WITHIN THE CANBY-HILLTOP-CYPRESS PROJECT. Wlt~,REAS, the Redding Redevelopment Agency desires to contribute tax increment funds from the Canby-Hilltop-Cypress Redevelopment Project for the construction of Browning Street between Hilltop Drive and Canby Road; WlqF~REAS, Section 33445 of the Health and Safety Code states that before the Agency can pay all or part of the costs of any public ~mprovement, 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; WHEREAS, Sect'ion 33678 of the Health and Safety Code states that use of tax increment funds for public improvements must primarily benefit the project area; WltEREAS; 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 tree and correct. 2. The public improvement is of primary benefit to the Canby-Hilltop-Cypress Redevelopment Project Area. 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 CERTIFY that the foregoing resolution was introduced and read at a regular meeting of the Redding City Council on the 1 st day of April, 2003, and was duly adopted at said meeting by the following vote: AYES: COUNCIL MEMBER: Kight, NOES: COUNCIL MEMBER: None ABSENT: COUNCIL MEMBER: None ABSTAIN: COUNCIL MEMBER: Cibula ATTEST: ' ' connie. Str0.~nay~r, ~i[)3-Cle~ltr%/ Mathena, Pohlmeyer and Stegal/ ,APPROVi D AS TO FORM: