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HomeMy WebLinkAboutRDA 95-091 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 ?.3 24 25 26', 27 28 RESOLUTION NO. RDA 95-9 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF TUSTIN, CALIFORNIA, FINDING THAT THE USE OF TAXES ALLOCATED FROM THE TOWN CENTER PROJECT AREA FOR THE PURPOSE OF RELIEVING THE FLOODING CONDITIONS ON IRVINE BOULEVARD OUTSIDE THE PROJECT AREA WILL BE OF BENEFIT TO THE PROJECT The Community Redevelopment Agency of the City of Tustin does hereby resolve as follows: WHEREAS, the Community Redevelopment Agency of the City of Tustin (the "Agency") has adopted a Redevelopment Plan (the "Redevelopment Plan") for the Town Center Project Area (the "Project"); and WHEREAS,'-the Redevelopment Plan provides for the allocation of taxes from the Project Area; and WHEREAS, Section 33445 of the California Community Redevelopment Law (Health and Safety Code Section 33000 et seq.) provides that such funds may be used outside of a project area if a finding is made by resolution of the Agency and the City Council that such use will be of benefit to the Project; and WHEREAS, City of Tustin Capital Improvement Program funds are insufficient to complete the project without additional Agency funds and that no other reasonable means of financing the improvements are available to the Community; and WHEREAS, the City of Tustin and the Agency have established Capital Improvement Programs for the Town Center portion of the City, the boundary of which includes areas located adjacent to but outside the Town Center Redevelopment Project area; and WHEREAS, the use of tax increment funds for implementation of the City's Capital Improvement Program outside of the Project Area will directly benefit the areas within the Project Area by relieving the flooding conditions on Irvine Boulevard. NOW THEREFORE, the Community Redevelopment Agency of the City of Tustin does hereby find and resolve as follows: Section 1: The Agency hereby finds that the use of taxes from the Town Center Project Area for the purpose of constructing storm drain improvements along Irvine Boulevard to relieve flooding conditions within and outside the Project Area and within the City of Tustin is of benefit to the Town Center Project Area. ection 2: The Agency finds that no other reasonable means of financing such buildings, facilities, structures or other improvements are available to the Community. 1 2 3 4 5 6 7. 8 9 10 I1 12 13 I4 15 16 17 18 19 20 21 22 ?.3 24 25 26 27 28 PASSED AND ADOPTED at a regular meeting of the Redevelopment Agency held on the 20th day of November, 1995. Jim Pot , Redev opment Chairperson ela Stoker City Clerk City of Tustin REDEVELOPMENT AGENCY RESOLUTION CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss CITY OF TUSTIN ) RESOLUTION NO. RDA. 95-9 Pamela Stoker, Recording Secretary of the Community Redevelopment Agency of the City of Tustin, California, does hereby certify that the whole number of the members of the Community Redevelopment Agency is five; that the above and foregoing resolution was passed and adopted at a regular meeting of the Tustin Community Redevelopment Agency held on the 20th day of November, 1995, by the following vote: AGENCY MEMBER AYES: Potts, Worley, Doyle, Saltarelli, Thomas AGENCY MEMBER NOES: None AGENCY MEMBER ABSTAINED: None AGENCY MEMBER ABSENT: None