Res11 15096 - Laserfiche WebLink

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WHEREAS, pursuant to Section 33445(c) of the CRL, when the value of the land or the cost of installation and construction of a building, facility, structure, or other improvement that is publicly owned, or both, has been, or will be, paid or provided for initially by the City, the Agency may enter into a contract with the City under which the Agency agrees to reimburse the City for all or part of the value of the land or all or a part of the cost of the building, facility, structure or other improvement that is publicly owned, or both, by periodic payments over a period of years; and WHEREAS, the Agency and City Council have prepared and wish to enter into a Public Improvements Reimbursement Agreement ( "Agreement') to provide for City's development and construction of certain public improvements ( "Public Improvements ") within the Project Area and Agency's reimbursement of City for the costs of the Public Improvements; and WHEREAS, program Final Environmental Impact Reports were prepared and certified on the Redevelopment Plan ( "Final EIRs ") in accordance with the California Environmental Quality Act ( "CEQA "), which included analysis of the Public Improvements on a programmatic level; and WHEREAS, at this time there are no preliminary drawings, plans or other sufficient information to enable a meaningful environmental assessment of the specific Public Improvements, therefore, the Agreement provides that commitment of funds to and commencement of the specific projects set forth therein shall be subject to completion of additional environmental review and analysis, as required by CEQA; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF REDWOOD CITY DOES HEREBY RESOLVE AS FOLLOWS: Section 1. The City Council hereby finds and determines that the provision of the proposed Public Improvements are of primary benefit to the Project Area as they will help to eliminate blight within the Project Area, that no other reasonable means of financing the Public Improvements are available to the community; and that the payment of funds for the Public Improvements is consistent with the Agency's Implementation Plan for the Project adopted pursuant to. Section 33490 of the CRL. These findings and determinations are based upon the following facts: a. All the Public Improvements are either located within or contiguous to the Project Area and will assist in eliminating the following blight conditions: • Inadequate public improvements, public facilities, open spaces, and utilities. o Public Parking Facilities would provide adequate off - street parking to serve current and future uses in the Downtown Subarea. Such off - street parking will minimize on- street ATTY /RESO.2118 /RWC CITY PUBLIC IMPROVEMENTS REIMBURSEMENT AGREEMENT #15096 030711 MUFF #405 2