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Res 03-096 RESOLUTION NO. 03-096 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POWAY, CALIFORNIA DETERMINING THAT THE BUDWIN LANE TRAFFIC SIGNAL PROJECT IS OF BENEFIT TO THE PAGUAY REDEVELOPMENT PROJECT WHEREAS, the Poway Redevelopment Agency is authorized to carry out the redevelopment of the Poway Redevelopment Project Area; and WHEREAS, the Poway Redevelopment Agency, in partnership with the local business and residential community, has identified a need for the Budwin Lane Traffic Signal Project identification to improve the safety of the intersection of Budwin Lane and Twin Peaks Road; and WHEREAS, the Budwin Lane Traffic Signal Project is proposed to be located both within and adjacent to the Paguay Redevelopment Project Area and the improvements are necessary for the execution of the Project under the provisions of California Community Redevelopment Law (Health and Safety Code, Section 33000 et seq.) and pursuant to the Redevelopment Plan for the Project which was adopted on December 13, 1983, by Ordinance No. 117 of the City Council and amended on June 15, 1993, by Ordinance No. 415 of the City Council; and WHEREAS, Section 33445 of the California Health and Safety Code requires the City Council to determine that the project is of benefit to the Paguay Redevelopment Project and that no other reasonable means of financing are available to the City. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Poway as follows: Section 1. The City Council hereby determines that the Budwin Lane Traffic Signal Project which will install a four-way traffic signal at the intersection of Budwin Lane and Twin Peaks Road will be of benefit to the Paguay Redevelopment Project and the surrounding community in that the improvements will improve the safety of the intersection for students crossing to and from Twin Peaks Middle School and Tierra Bonita Elementary School. Further, the project will meet goals listed in the Redevelopment Plan, as amended on June 15, 1993, and in the Redevelopment and Housing Implementation Plan, which includes the provision of adequate roadways and traffic and circulation improvements to correct street alignment problems and substandard alleys, to eliminate road hazards and to provide adequate street and freeway access throughout and nearby the Project Area. Also, this project will provide alleviation of certain environmental deficiencies including substandard vehicular and pedestrian circulation systems, insufficient street lights, off-street parking and other similar public improvements. Section 2. The City Council further determines that no other reasonable means of financing the improvements are available to the community. Resolution No. 03- 096 Page 2 Section 3. The City Clerk shall certify to the adoption of this Resolution. PASSED, ADOPTED AND APPROVED, by the City Council of the City Powayat a regular meeting this 2nd day of December, 2003. ATTEST: STATE OF CALIFORNIA ) ) SS COUNTY OF SAN DIEGO) I, Lori Anne Peoples, City Clerk of the City of Poway, do hereby certify under penalty of perjury that the foregoing Resolution No. 03-096 was duly adopted by the City Council at a meeting of said City Council held on the 2nd day of December, 2003, and that it was so adopted by the following vote: AYES: EMERY, GOLDBY, REXFORD, CAFAGNA NOES: NONE ABSTAIN: NONE ABSENT: HIGGINSON