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Res 86-140~SOLUi~GN NO. 86-140 A RESOLUTION OF THE CITY COUNCIL OF THE CITY CF POWAY, CALll~DRNIA, D,.'I'~RMINING T~%T THE ~CQUISITION OF A PARKSITE IS OF I~EFIT TO THE PA~JAY REDEVRTOPMENT ~{ICH THE PROJMC~ IS LOCATED AbD D~ING THAT THERE ARE NO OIMER REASONABLE b~qANS OF ~{EREAS, The Poway Redevelopment Agency is authorized to carry out the redevelolmlent of the Poway RedeveloimL~_nt Project Area; and WHEREAS, the RedeveloimL~nt plan for the project area authorizes and directs the Agency to acquire property for public purposes which are enumerated in ~aterials referenced in the Redevelopment Plan and which include the acquisi- tion of a parksite; and ~J{EAS, the Pow~y I~develoim,~nt Agency will undertake the acquisition of a 4.77 acre parksite generally bounded by Midland Road, Aubrey Strut, Sycamore Street, and T~nple Street; and I~REAS, this parksite is within the Paguay l~develolxnent Project and the acquisition is necessary the execution of the Project under the provisions of the California C~i,%onity R~teveloImnent Law (Health and Safety Code, Section 33000 et seq.) and purs,,~nt to the Redevelolm~ent Plan for the Project, which R~tevelounent P]~n wss adopted en Dec6mber 13, 1983, by Ordinance No. 117 of the City Council; and IAE~JRFJ%S, Section 33445 of the California Health and Safety Code requires the A~3ency to determine the issue of benefit to the Paguay R~evelolm~ent Project prior to the acquisition of the parksite and that no other r~mom_mhle tm=runs of financing are available. NOW, T~R. REFORE, ME IT RESOLVED that the City Council of the City of Poway does hereby resolve as follows: Section 1. The City Council hereby determines that the acquisition of a 4.77 acre park. site generally bounded by Midland Road, Aubrey Street, Sycamore Street, and T~le Street is of benefit to the Paguay Redevelolmnent Project by providing park, recreational and open space for the surrounding c~%%%0nity and the project area in general. Section 2. The City Council further determines that no other reasoDahle of financing the improvements are available to the ccmm~nity. Section 3. The City Clerk shall certify to the adoption of this resolution. PASS~D, ADOPTED AbE) APPROVSD, by the City Council of the City of Poway, California, at a regular m~ting thereof this 23rd day of December, 1986. ~r]ori~e K. Wahlsten, City Clerk