AgdaPkt 2004-12-13 - Laserfiche WebLink

Browse Search

�� � REPOR T To Redevelopment Agency Board From the Executive Director EXECUTIVE SUMMARY December 13, 2004 Subject Consideration of Five-Year Implementation Plan 2005-2009 for the Redwood City Redevelopment Project No. 2. Recommendation In accordance with Article 16.5 of the CRL Section 33490, stafif is requesting the Agency Board of Directors conduct a Public Hearing to receive testimony on the proposed Implementation Plan, January 2005 through December 2009, Redwood City Redevelopment Project No. 2. Following the receipt of testimony, staff is recommending that the Public Hearing be closed and that the Board adopt the Implementation Plan. Issues California Redevelopment Law requires that the Redevelopment Agency ("Agency") prepare an implementation plan for all project areas every five years. The Agency must adopt an implementation plan ("Plan") for the period of January 1, 2005 through December 31, 2009 no later that December 31, 2004. That Plan is attached. The Plan contains: 1) A description of the Agency's specific housing and non-housing related goals and objectives for the project areas, including specific programs, possible projects, and expenditures projected for the next five years; 2) A description of how the goals, objectives, programs and expenditures will alleviate blight; 3) A description of how the goals and programs will implement the affordable housing requirements over the next 10 years pursuant to recent legislation. 4) A review of the goals, objectives and achievements of the previous five year Plan. Major Findings The Redwood City Redevelopment Agency is in full compliance with all of the regulations of Section 33490 of the California Redevelopment Law ("CRL"), as well as with the new housing requirements that became effective January 1, 2002 as a result of the passage of AB 637 and the "clean-up" legislation of SB 701. In fact, the Agency has exceeded the RedevelopmenUStaff Reports/12-2004/Executive Summary Implementation � � SM/cje