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HomeMy WebLinkAboutCC RES 95-1211 2 3 4 5 6 7 8 9 10 I1 12 13 14 15 16 17 18 19 20 21 22 ?.3 24 25 26 27 28 RESOLUTION NO. 95-121 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA FINDING THAT THE USE OF TAXES ALLOCATED FROM THE TUSTIN REDEVELOPMENT AGENCY 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 City Council 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 sech 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 areas within the Project Area by relieving the flooding conditions on Irvine Boulevard. NOW THEREFORE, the City Council of the City of Tustin does hereby find and resolve as follows: ection 1: The City hereby finds that the use of taxes allocated 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. 1 2 3 4 5 6 7 8 9 10 I1 12 13 14 15 16 17 18 19 20 21 22 ?.3 24 i 25 26 27 ection 2: The City finds that no other reasonable means of financing such storm drain improvements are available to the Community. PASSED AND ADOPTED at a regular meeting of the City Council of the City of Tustin held on the 20th day of November, 1995. Tim tts, R velopment Chairperson Pamela Stoker -City Clerk .. 281 City of Tustin RESOLUTION CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF ORANGE ) CITY OF TUSTIN ) RESOLUTION NO. 95-121 ss Pamela Stoker, City Clerk and ex-officio Clerk of the City Council of the City of Tustin, California, does hereby certify that the whole number of the members of the City Council is five; that the above and foregoing resolution was passed and adopted at a regular meeting of the City Council held on the 20th day of November, 1995, by the following vote: COUNCILMEMBER AYES: Potts, Worley, Doyle, Saltarelli, Thomas COUNCILMEMBER NOES: None COUNCILMEMBER ABSTAINED: None COUNCILMEMBER ABSENT: None