AgdaPkt 2003-09-08 - Laserfiche WebLink

Browse Search

q. A • 37 REDEVELOPMENT PROJECT AREA NO.2 Under the Redevelopment Law the city council of the city that activates its redevelopment agency is required to adopt, by ordinance, a redevelopment plan for each redevelopment project to be undertaken by the redevelopment agency. A redevelopment agency may only undertake those activities within a redevelopment project specifically authorized in the adopted redevelopment plan. A redevelopment plan is a legal document, the content of which is largely prescribed in the Redevelopment Law, rather than a "plan" in the customary sense of the word. The Redevelopment Plan for the Project Area was originally adopted by the City Council on August 19, 1982 pursuant to Ordinance No. 1862 (Original Area). On June 20, 1985, the City Council approved an amendment to the Redevelopment Plan that added territory (First Amendment Area) pursuant to Ordinance No. 1911. A second amendment was adopted by the City Council pursuant to Ordinance No. 2007 on January 18, 1990. As part of the Second Amendment, a significant amount of territory was added (the 'Second Amendment Area ") and a new tax Increment and bonded indebtedness limit was established for the Project Area. In December 1994, the Redevelopment Plan was again amended pursuant to Ordinance No. 2085 to bring various financial time limits into conformance with those required by State law pursuant to AB 1290. In July 2001 the Redevelopment Plan was again amended to extend the date to commence eminent domain proceedings. The Agency's primary responsibilities include elimination of slums and blight revitalization of older neighborhoods, facilitation of additional housing, encouragement of economic development and creation of new employment opportunities. To accomplish these objectives, the Agency has a variety of powers. Acting under the Redevelopment Law, the Agency is authorized to prepare redevelopment project plans; to acquire property; to help to relocate the occupants of acquired properties; to remove substandard structures; to install streets and sidewalks and make other public improvements; to market land for a variety of purposes; to develop or assist in the development of new and rehabilitated housing; to facilitate the development of commercial and industrial properties; to issue bonds to finance activities; and to impose environmental, open space and urban design controls. The Original Area contains 332 acres of land. The First Amendment Area added 4.24 acres of land and the Second Amendment Area added 596 acres. The Project Area includes the traditional downtown of Redwood City, along with the Seaport and Marina sub - areas. The table below provides information on the land uses in the Project Area based on the 2003 -04 property tax roll. -19-