HomeMy WebLinkAboutReso 2008-060 - Redevelopment Plan
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RESOLUTION NO. 2008 - 60
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
APPROVING THE DISPOSITION AND DEVELOPMENT AGREEMENT BY
AND BETWEEN THE CITY OF REDDING, THE REDDING
REDEVELOPMENT AGENCY AND COMMUNITY REVITALIZATION
AND DEVELOPMENT CORPORATION AND MAKING CERTAIN
FINDINGS IN CONNECTION THEREWITH
WHEREAS, the Redding Redevelopment Agency is engaged in activities necessary to
execute and implement the Redevelopment Plan for the Market Street Redevelopment Project Area;
and
WHEREAS, in furtherance ofthe objectives of the California Community Redevelopment
Law (California Health and Safety Code Section 33000 et seq.), the Agency has undertaken the
revitalization of the Parkview Neighborhood; and
WHEREAS, the Implementation Plan adopted by the Agency with respect to the
Redevelopment Plan includes neighborhood improvement and affordable housing activities; and
WHEREAS, the Agency acquired the property in 2001 for future redevelopment purposes
pursuant to the Parkview Neighborhood Strategic Revitalization Plan (Parkview Plan); and
WHEREAS, the Parkview Plan identifies the need to provide mixed-use development on
the south side of Park view Avenue; and
WHEREAS, the Parkview Plan further identifies the need to provide affordable housing
opportunities in the Parkview Neighborhood; and
WHEREAS, CRDC desires to purchase property owned by the Agency located at 657
Parkview A venue (Property) for development of a mixed-use project consisting of an approximate
1,100-square-foot office and two residential rental units affordable to low- and moderate-income
individuals and families; and
WHEREAS, it has been determined that development of the Property as proposed is
consistent with the Redding General Plan and the Parkview Plan; and
WHEREAS, the City of Redding desires to assist development of the affordable residential
units by providing a loan of up to $240,000 in Home Rental Program funds; and
WHEREAS, the City, the Agency, and RRCD propose to enter into a Disposition and
Development Agreement; and
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WHEREAS, pursuant to Section 33433 of the Community Redevelopment Law, the Agency
is authorized, with the majority approval of the City Council after a public hearing, to convey
property for redevelopment purposes pursuant to the Redevelopment Plan upon a determination by
the City Council that the sale of the property will provide housing for low- or moderate-income
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persons and that the consideration for such sale is not less than either the fair market value of the fair
reuse value in accordance with the covenants and conditions governing the sale and development
costs thereof; and
WHEREAS, a joint public hearing of the City Council and the Agency on the proposed
Agreement was duly noticed in accordance with requirements of Health and Safety Code Section
33433; and
WHEREAS, the proposed Agreement and a disposition report meeting the requirements of
Health and Safety Code Section 33433 were available for public inspection consistent with the
requirements of Health and Safety Code Section 33433; and
WHEREAS, on June 16,2008, the City Council and the Agency held ajoint public hearing
on the proposed Agreement and evaluated all of the information, testimony, and evidence presented
during the joint public hearing; and
WHEREAS, the City Council has reviewed the Disposition Report required pursuant to
Health and Safety Code Section 33433 and evaluated other information provided to it pertaining to
the findings required pursuant to Section 33433; and
WHEREAS, the sale of the property pursuant to the proposed Agreement will provide
housing for low- and moderate-income individuals and families; and
WHEREAS, the value of the consideration for the property pursuant to the proposed
Agreement will not be less than the fair market value of the site as set forth in the Disposition
Report; and
WHEREAS, the City of Redding's Development Services Director has determined that the
sale of the property for residential purposes is consistent with the Redding General Plan; and
WHEREAS, the sale of property for infill development is categorically exempt under
Section 15332 of the California Environmental Quality Act; and
WHEREAS, the City Council has duly considered all terms and conditions of the proposed
Agreement and believes that the disposition of the Site pursuant thereto is in the best interests of the
City of Redding and the health, safety, and welfare of its residents, and in accord with the public
purposes and provision of applicable state and local laws and requirements.
NOW, THEREFORE, the City Council ofthe City of Redding FINDS, RESOLVES AND
ORDERS as follows:
I. The above recitals are true and correct.
2. The City Council ofthe City of Redding makes the following findings in connection
with the proposed Disposition and Development Agreement:
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(a) The sale of the property at 657 Parkview Avenue will provide housing for
low- or moderate-income persons and is consistent with the implementation
plan adopted pursuant to Section 33490 of the California Health and Safety
Code; and
(b) The consideration is not less than the fair market value in accordance with the
highest and best use under the Redevelopment Plan.
3. The City Council of the City of Redding hereby approves the sale of the Property and
the provision of up to $240,000 in HOME Rental Program funding.
I HEREBY CERTIFY that the foregoing resolution was introduced, read, and adopted at
a special meeting of the City Council of the City of Redding on the 16th day of June, 2008, by the
following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
Bosetti, Dickerson, Jones, Murray, and Stegall
None
None
None
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APPROVED AS TO FORM:
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CONNIE:.STROP,MAYER,
'ty Attorney
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