HomeMy WebLinkAbout08 TOWN CTR REDEV 09-03-96DATE:
SEPTEMBER 3, 1996
NO. 8
9-3-96
lnter-Com
TO:
FROM:
SUBJECT:
WILLIAM A. R73STON, CITY MANAGER
REDEVELOPMENT AGENCY STAFF
LAGUNA GARDENS PROJECT FINDING OF BENEFIT TO THE TOWN CENTER
REDEVELOPMENT PROJECT AREA
RECOMMENDATION
It is recommended that the City Council adopt Resolution No. 96-89,
finding that the Laguna Gardens project and DDA is of benefit to
the Town Center Redevelopment Project Area.
FISCAL IMPACT
See Agency Agenda on this topic for all background.
BACKGROUND AND DISCUSSION
See Agency Agenda on this topic for all background.
~hristine- ~. Sh~gl~ton
Assistant City~anager
CAS: kd\ccreport \ laguna, cas
1 RESOLUTION NO. 96-89
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A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF TUSTIN, CALIFORNIA, FINDING THAT THE USE OF
TAXES ALLOCATED FROM THE TOWN CENTER PROJECT
AREA FOR THE PURPOSE OF REHABILITATING THE
PROPERTY AT 1361 EL CAMINO REAL AND CONVERTING
THE APARTMENTS INTO OWNERSHIP UNITS WILL BE OF
BENEFIT TO THE PROJECT.
The City Council of the City of Tustin, California, does
hereby resolve as follows:
WHEREAS, the Tustin Community Redevelopment Agency
(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 Health and Safety Code
provides that Redevelopment tax increment funds may be
used outside of a project area if a finding is made by
action of the Agency and the City Council that such use
will be of benefit to the adjacent Project Area and there
are no other reasonable means of financing the
acquisition and cost of improvements; and
WHEREAS, the City of Tustin has determined that
rehabilitation of the property at 1361 E1 Camino Real and
its conversion into ownership units would benefit the
Town Center Project Area but is outside the Town Center
Redevelopment Project Area; and
WHEREAS, the Agency's Town Center Redevelopment
Project Area, Five Year Town Center Project
Implementation Plan and The Agency's Comprehensive
Housing Affordability Strategy authorizes the
rehabilitation of older housing units and encourages the
creation of home ownership opportunities in the Town
Center Project Area.
NOW, THEREFORE, the City Council of the City of Tustin,
California, does hereby find and resolve as follows:
Section 1: The City Council hereby finds that the
use of taxes allocated from the Town Center Project Area
to be used outside the boundaries of the Project Area for
the purpose of the rehabilitation of housing units at
1361 E1 Camino Real and its conversion to home ownership
will be of direct benefit to the Town Center Project Area
and that no other reasonable means of financing for said
project are available in the Community.
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Resolution No. 96-89
Page 2
PASSED AND ADOPTED at a regular meeting of the City
Council of the City of Tustin, California, held on the
3rd day of September, 1996.
Tracy Wills Worley
Mayor
Pamela Stoker
City Clerk
STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF TUSTIN )
I, Pamela Stoker, City Clerk and ex=officio Clerk of the
City Council of the City of Tustin, California, do hereby
certify that the whole number of the members of the City
Council of the City of Tustin is five; that the above and
foregoing Resolution No. 96-89 was duly passed and
adopted at a regular meeting of the Tustin City Council,
held on the 3rd day of September, 1996, by the following
vote:
COUNCILMEM~ER AYES:
COUNCILMEMBER NOES:
COUNCILMEMBER ABSTAINED:
COUNCILMEMBER ABSENT:
PAMELA STOKER
CITY CLERK