AgdaPkt 2004-12-13 - Laserfiche WebLink

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. REPOR T To Redevelopment Agency Board From the Executive Director 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, staff 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. Background The Implementation Plan has been prepared pursuant to the requirements of Section 33490 of the California Redevelopment Law. Included in the regulation is the requirement that an implementation plan be prepared for all project areas every five years. This Plan is intended to fulfill that requirement, to serve as a multi-year planning vehicle for projects in Redwood City Redevelopment Project No. 2, and to articulate the link between the projects undertaken and the alleviation of blight in the Project Area. Pursuant to Section 33490, the Agency must adopt an Implementation Plan for the period of January 1, 2005 through December 31, 2009 by no later than December 31, 2004. The key requirements, which this implementation plan addresses, are: ■ A description af the Ageney's specific housing and non-housing related goals and objectives for the project area, including specific programs, possible projects and, expenditures for the next five years. ■ A description of how these goals, objectives, programs and expenditures will alleviate blight. ■ A description of how these goals, objectives, programs and expenditures will implement the low- and moderate-income housing set-aside, housing production, and housing set-aside targeting requirements of the law over the next 10 years. Redev/Staff Reportsl12-2004/Implementation Plan 1 SMlcje