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HomeMy WebLinkAboutRDA 86-11RESOLUTION NO. RDA 86-11 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF TUSTIN, CALIFORNIA, ADOPTING A STATEMENT OF EXISTING PROGRAMS FOR THE TOWN CENTER REDEVELOPMENT PROJECT AREA The Community Redevelopment Agency of the City of Tusttn, California hereby resolves as follows: A. That the Agency of the City of Tusttn is engaged in activities necessary and appropriate to carry out the Redevelopment Plan for the Town Center Project area; and B. That the Agency desires to deposit less than the tax increment amount provided for tn Sectton 33334.6 of the California Community Redevelopment Law fnto a Low and Moderate Income Houstng Fund as a result of the obligations tt has approved In connection wtth vartous projects, programs and activities tn order to provide for the orderly and ttmely completion of the Redevelopment Plan as tt existed prtor to January 1, 1986; and C. That in order to carry out the orderly completion of the Redevelopment Plan the Agency has heretofor approved certain specific public and private projects, programs and activities, as hereinafter described which constitute evidence of the Agency's intent to implement the Redevelopment Plan; and D. That the Agency believes that the redevelopment pursuant to the Town Center Redevelopment Plan continues to be and is in the best interests of the City of Tustin and the health, safety, morals and welfare of its residents, and in accord with the public purposes and provisions of applicable State and local law and requirements. II. The following projects, programs and activities approved prior to January 1, 1986, by the Community Redevelopment Agency of the City of Tusttn, California, in connection with the Town Center Redevelopment Project are: A. Potential expansion and rfenovation of commercial centers to include: expansion of existing lease space; construction of new, mixed use, structures; construction of parking structure(s); and the possible abandonment of public streets; Agency assistance may be required for construction of necessary off-site improvements or other financing assistance and restoration and expansion of an adjacent residential apartment complex. Resolution No. RDA 86-11 page two B. Owner Participation Agreement, as approved, committing $439,000 for off-site improvements required in conjunction with the development of a 130,000 + square foot retail/office complex within the Town Center Project area (Carver Development). C. The five year capital improvement program budget adopted for fiscal year 1985-86, totalling $1,880,100. D. Undetermined costs associated with street improvement plans recommended by the Planning Commission in conjunction with the First Street Specific Plan. E. Negotiations underway for acquisition of real property within the project area for the purposes of redevelopment of non-conforming structures and sites. Such acquisition is consistent with the goals and objectives of the adopted Redevelopment Plan. F. "Policy of the Redevelopment Agency for the Allocation of Housing Assistance Funds" as adopted on January 7, 1985. G. Agency participation in the construction and operation of a Senior Citizens Center. H. The commlttment of Agency funds to the expansion of civic center facilities as recommended by space needs study commissioned by the Agency. I. Formulation and implementation of a multi-phase strategy plan for the redevelopment of the downtown business district. J. Owner Participation Agreement, as approved, committing $36,000 for improvements required in conjunction with the Plaza LaFayette Project (Newport at Irvine). III. The Secretary is authorized and directed to send a copy of this Resolution to the Department of Housing and Community Development. PASSED AND ADOPTED at a regular meeting of the Redevelopment Agency held on the 18th day of Auqust, 1986. DONALD J. ~A~ELLI Chairman~ MARY E..,,~q Secretary STATE OF CALIFORNIA ) COUNTY OF ORANGE ) § CITY OF TUSTIN ) MARY E. WYNN, City Clerk and Secretary Clerk of the Community Redevelopment Agency of the City of Tustin, California, does hereby certify that the whole num- ber of the members of the City Council as the Community Redevelopment Agency is five; that the above and foregoing Resolution No. RDA 86-11 was duly and regularly introduced, passed and adopted at a regular meeting of the City Council as the Community Redevelopment Agency held on the l8th day of August, 1986, by the following vote: AYES : NOES : ABSENT: COUNCILPERSONS: COUNCILPERSONS: COUNCILPERSONS: Edgar, Hoesterey, Kelly, Kennedy, Saltarelli None None MARY E. WYNN, ~h~y Clerk~ecretary Clerk City of Tustin~,l-~aliforn.+~a