HomeMy WebLinkAboutReso 2004-019 - North Market StRESOLUTION NO. 04-19
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
APPROVING THE USE OF TAX INCREMENT FUNDS TO INSTALL
LANDSCAPING, STREET LIGHTING, AND WATER-FEATURE
IMPROVEMENTS IN THE NORTH MARKET STREET CORRIDOR
WITHIN THE CANBY-HILLTOP-CYPRESS REDEVELOPMENT
PROJECT.
WItF~REAS, the Redding Redevelopment Agency desires to contribute tax increment funds
from the Canby-Hilltop-Cypress Redevelopment Project for the installation of landscaping, street lighting,
and water-feature improvements in the North Market Street corridor, between Riverside Drive and Lake
Boulevard; and
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 will assist in the elimination of blight; and
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; and
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.
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to the community.
There are no other ~-easonable 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 17th day of February, 2004, and was duly adopted at said
meeting by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
COUNCIL MEMBER: Cibula, Kight, Mathena, Stegall and Pohlmeyer
COUNCIL MEMBER: None
COUNCIL MEMBER: None M~ic~~, MO~~
COUNCIL MEMBER: None
ATTEST:
Connie Strohmayer, City~rl~'
APPROVED AS TO FORM:
Brad L. Fuller, City Attorney
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