HomeMy WebLinkAboutCC RESO 92-129RESOLUTION NO. 92-129
RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF NATIONAL CITY
CONSENTING TO THE USE OF COMMUNITY DEVELOPMENT
COMMISSION TAX INCREMENT FUNDS TO ASSIST IN THE
CONSTRUCTION OF PHASE III STREETSCAPE,
8TH STREET FROM I-5 TO HARBOR DRIVE
WHEREAS, the California Community Redevelopment Law, Health and
Safety Code, Division 24, Part I, (the Law) provides at Section 33445 that the
Community Development Commission (CDC) may finance all or part of the cost of the
construction of any building, facility, structure, or other improvement which is publicly
owned, either within or without the project area, with the consent of the legislative body,
if the legislative body makes certain findings; and
WHEREAS, the Community Development Commission of the City of
National City (CDC), by adoption of Resolution No. 91-55 (NCDRP) on November 5,
1991, approved a Final Plan of Streetscape, 8th Street, I-5 to Harbor Drive, authorized
the Executive Director to advertise the Project for competitive bids and authorized Budget
Revision II, 1991-1992 CDC Budget in the amount of $176,542 of CDC funds in order
to proceed with the Project; and
WHEREAS, the CDC has advertised for competitive bids and wishes to
award a Contract and to proceed with the Project and the City Council also wishes to
proceed with the Project.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the
City of National City finds as follows:
(1) Pursuant to Section 33445 of the California Health and Safety Code,
it is hereby found and determined that the payment by the Communi-
ty Development Commission of approximately $151,542 as provided
in the CDC Preliminary Budget adopted by the CDC on May 15,
1992 for Construction of Phase III Streetscape, 8th Street from I-5
to Harbor Boulevard, abutting the Downtown Redevelopment Project
and leading into the four corners at 8th Street and National City
Continued on Page Two
Resolution No. 92-129
Page Two of Two '
Boulevard where the CDC has invested approximately $7 million and
private redevelopers will invest approximately $30 million, is hereby
determined to be of benefit to the National City Downtown Redevel-
opment Project Area, which consists of 2,086 acres or approximately
44% of the City's land area.
(2) That the proposed use of tax increment funds for said public
improvements is and will be of benefit to the National City Down-
town Redevelopment Project and to the immediate neighborhood in
which the project is located.
(3)
No other reasonable means of financing said improvements are
available to the City of National City.
BE IT FURTHER RESOLVED that the City Council hereby consents to
the use of approximately $151,542 of CDC Tax Increment Funds for the construction of
Phase III Streetscape, 8th Street from I-5 to Harbor Drive.
PASSED and ADOPTED this 14th day of July, 1992.
ATTEST:
Lo • Anne Peoples, City Jerk
APPROVED AS TO F
George H. Eiser, III
City Attorney
RM:
,cam LL.S
ORGE . WATERS, CHAIRMAN