Res02 14487 - Laserfiche WebLink

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WHEREAS, pursuant to Section 33445 of the Community Redevelopment Law, a redevelopment agency is authorized, with the consent of the legislative body to pay all or part of the value for and the cost of installation and construction of any building, facility, structure or other improvement which is publicly owned either within or without a project area if the legislative body determines that the buildings, facilities, structures or other improvements are of benefit to the project area or the immediate area in which the project is located, that no other reasonable means of financing the buildings, facilities, structures or other improvements are available to the community, and that such buildings, facilities, structures or other improvements will assist in the elimination of blighting conditions inside the project area and are consistent with the implementation plan adopted pursuant to Section 33490 of the Community Redevelopment Law; and WHEREAS, pursuant to and under the circumstances and limitations set forth in the DDA, in connection with the development of the Parcels by the Developer, the Agency proposes to undertake or help pay for an underground public parking garage (the "Public Parking Facility "); and WHEREAS, the City and the Agency certified on October 27, 2000, an Environmental Impact Report on the Project, and approved on December 9, 2002, an Addendum to the Environmental Impact Report (referred to collectively as the "Project EIR "); and WHEREAS, notice of a joint public hearing by the City Council and the Agency on approval of the DDA was published in the Redwood City Tribune -The Independent, on November 23, 2002 and November 30, 2002. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF REDWOOD CITY DOES HEREBY RESOLVE AS FOLLOWS: Section 1 . The City Council hereby approves the attached DDA, a copy of which is on file with the City Clerk, which DDA is incorporated herein by reference. The City Manager is authorized to execute the DDA on behalf of the City, subject to any minor clarifying and technical changes as may be approved by the City Attorney. The City Manager is further authorized and directed to take such actions and execute such documents as may be necessary to carry out the obligations of the City under the DDA. Section 2 . The City Council hereby finds and determines that the provision of the proposed Public Parking Facility, in whole or in part, by the Agency in connection with the development of the Project is of benefit to the Project Areas, that no other reasonable means of financing the Public Parking Facility is available, and that the Public Parking Facility will assist in the elimination of blight within the Project Area. Further, the City Council consents to the Agency providing, in whole or in part, such Public Parking Facility. F:Atty /Reso /Reso.1351 121002 2 14487