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HomeMy WebLinkAboutReso 2009-188 - Lake Blvd/Keswidk Dam Road .. '.i . . RESOLUTION NO. 2009 - 188 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING AMENDING AND RESTATING RESOLUTION 2008-155 APPROVING THE USE OF TAX INCREMENT FUNDS TO CONSTRUCT THE LAKE BOULEV ARDIKESWICK DAM ROAD TRAFFIC SIGNAL PROJECT WITHIN THE BUCKEYE REDEVELOPMENT PROJECT AREA WHEREAS, the Redding Redevelopment Agency desires to contribute tax increment funds from the Buckeye Redevelopment Project to help construct a traffic signal at the Lake BoulevardlKeswick Dam Road intersection; and WHEREAS, the City Council adopted Resolution 2008-155 on September 2, 2008, making the necessary fmdings for the construction of the traffic signal; and WHEREAS, the project as designed now necessitates the use of said funds for the acquisition of right- of-way and construction of curb, gutter, sidewalk, and tie-in paving; and WHEREAS, Section 33445 of the California Health and Safety Code states that the Agency 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 fmancing 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 the 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 Amended 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 and right-of-way acquisition are of primary benefit to the Buckeye Redevelopment Project Area. 3. There are no other reasonable means of fmancing the public improvement and right-of-way acquisition available to the community. 4. The payment of funds for the public improvement and right-of-way acquisition 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 November, 2009, and was duly adopted at said meeting by the following vote: J ... _ . ..~ ~ J . I' ( "'_," > ~.. '....., \ r" :: ....".:' '- ' \...,,.'. ( ~ ...... ,"'~: - - - ........ ,-..... '..... ~ .~. COUNCIL MEMBER: COUNCIL MEMBER: COUNCIL MEMBER: 'COUNCIL MEMBER: .~ , ,......" ,,""" Dickerson, Jones, McArthur, Stegall, and Bosetti None None Nonl2~~~ 'K BOSETII, Mayor AYES: NOES: ABSENT: ABSTAIN:; APPROVED AS TO FORM: RIc~~orneY ~ .-Q --l D() ~ ity Clerk '. . . AMENDED ANALYSIS OF FINDINGS LAKE BOULEV ARD/KESWICK DAM ROAD TRAFFIC SIGNAL The Redding Redevelopment Agency (Agency), as lead agency, desires to utilize tax increment funds from the Buckeye Redevelopment Project Area (Project Area) to assist with the construction of a traffic signal at the intersection of Lake Boulevard and Keswick Dam Road, including acquisition ofrequired right-of-way and construction of curb, gutter, sidewalk, and necessary tie-in paving. The Project Area encompasses approximately 1,063 acres within the territorial jurisdictions of the City of Redding and the County of Shasta. Access and circulation are primarily provided by Oasis Road and Lake Boulevard, which traverse east/west and north/south, respectively, throughout the Project Area. Regionally, the Project Area is served by two State highways and one freeway which connects to the remaining metropolitan region. These are Interstate 5, State Highway 273, and State Highway 299 East, located just outside the Project Area. Lake Boulevard and Oasis Road provide the primary linkages to these highways and Interstate 5. Lake Boulevard also serves as the only local road connection to Shasta Lake, one of Shasta County's major tourist attractions and recreational facilities. Keswick Dam Road is a two-lane arterial extending from its intersection with Lake Boulevard westward to its intersection with Iron Mountain Road, outside the Project Area. California Health and Safety Code Section 33445 authorizes agencies to pay all or a part of the value of the land for and the cost of the installation and construction of any building, facility, structure, or other improvement that is publicly owned either inside or outside the Project Area, provided the legislative body determines all of the following: 1) That the improvements are of benefit to the project area from which the funds are derived or to the immediate neighborhood in which the project is located, regardless of whether the improvements are within another project area; 2) That no other reasonable means offinancing the buildings,Jacilities, structures, or other improvements are available to the community; and 3) That the payment of funds for the acquisition of land or the cost of buildings, facilities, structures, or other improvements will assist in the elimination of one or more blighting conditions inside the project area or provide housing for low- or moderate-income persons, and is consistent with an adopted implementation plan. Section 33678 of the California Health and Safety Code adds the requirement that iftax increment money is used, the project must meet the definition and purpose of Redevelopment as prescribed in Sections 33020 and 33021 and primarily benefit the project area from which the tax increment money is derived. These issues are discussed below by topic: Does the construction of a traffic signal with its associated public improvements and right-of-way acquisition meet the definition of Redevelopment and are the proposed public improvement and right-of-way acquisition of primary benefit to the Project Area? Sections 33020 and 33021 define Redevelopment as the planning, development, replanning, redesign, clearance, alteration, improvement, modernization, reconstruction or rehabilitation, or . c. . . Amended Analysis of Finding - Traffic Signal at Lake BoulevardlKeswick Darn Road Page 2 any combination of these, of all or a part of a survey area. The definition includes provisions for those residential, commercial, industrial, public, or other structures or spaces that are deemed essential to the redevelopment and rehabilitation of the redevelopment project area. The construction of the proposed traffic signal meets the above definition of redevelopment by providing improvements to the circulation system serving the Project Area. Redevelopment funding will be applied exclusively to the construction of a traffic signal at Lake Boulevard and Keswick Dam Road, as well as the acquisition of the required right-of-way and construction of necessary curb, gutter, sidewalk, and tie-in paving. As previously noted, Lake Boulevard and Keswick Dam Road both serve as primary linkages for traffic traveling to the metropolitan region, as well as Shasta Lake and the two highways and Interstate 5. Recent traffic statistics show that approximately 12,000 vehicles enter this intersection on a daily basis. The primary benefits to the Project Area in constructing a traffic signal at the Lake BoulevardlKeswick Dam Road intersection are: (a) traffic operations will improve; and (b) traffic flow will be enhanced for those residing in and adjacent to the Project Area, as well as owners, employees, and customers of businesses located within the Project Area, who travel through the intersection on a regular basis for work, business, or pleasure. Are any other reasonable means of financing available to the community to fund the improvements and right-of-way acquisition? The project would not be competitive for the receipt of State Transportation Improvement Program (STIP) funds, and while the project is eligible to receive Traffic Impact Fee (TIF) funding, due to the amount of available funding and other priority projects, it would be a number of years before the project could be constructed. There are no other City funds available for this project at this time. Will the proposed project assist in the elimination of one or more blighting conditions within the Buckeye Project Area? Is the proposed project consistent with the Implementation Plan adopted for the Project Area? The Redevelopment Plan and the Report to the Legislative Bodies (Preliminary Report) for the Project Area identitY several deficiencies in the public infrastructure system, including the above- noted signal, that contribute to the stagnation of the area's development. Signalization of this intersection will remove some of the contributors to blight by helping alleviate traffic congestion, enhance traffic operations, and further encourage private development in the Project Area. The Buckeye Five-Year Implementation Plan adopted by the Agency in June 2005 and last amended in August 2008 identifies traffic control devices as an alleviation to economic blight and hazardous conditions. Thus, installation of the traffic signal is consistent with the Implementation Plan adopted for the Project Area and will assist in the elimination of one or more blighting conditions as identified in the Redevelopment Plan for the Project Area.