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Res 87-041RESOLUTION NO. 87-041 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POWAY, CALIFORNIA, DETERMINING THAT THE ACQUISITION OF PROPERTY FOR THE CONSTRUCTION OF A BOX CULVERT AND LOCATION OF NEW AUTOMOBILE DEALERSHIPS IS OF BENEFIT TO THE PAGUAY REDEVELOPMENT PROJECT AND THE IMMEDIATE NEIGHBORHOOD IN WHICH THE PROJECT IS LOCATED AND DETERMINING THAT THERE ARE NO OTHER REASONABLE MEANS OF FINANCING SAID PUBLIC IMPROVEMENTS WHEREAS, the Poway Redevelopment Agency is authorized to carry out the redevelopment of the Poway Redevelopment Project Area; and WHEREAS, the Redevelopment Plan for the project area authorizes and directs the Agency to acquire property for public purposes which are enumerated in materials referenced in the Redevelopment Plan; and WHEREAS, the Poway Redevelopment Agency will undertake the acquisi- tion of 4.45 acres on the southside of Poway Road generally bounded by Midland Road, on the west, Gate Drive on the east; and WHEREAS, this property is within the Paguay Redevelopment Project and the acquisition is necessary for the execution of the Project under the provi- sions of the California Community Redevelopment Law (Health and Safety Code, Section 33000 et seq.) and pursuant to the Redevelopment Plan for the Project, which Redevelopment Plan was adopted on December 13, 1983, by Ordinance No. 117 of the City Council; and WHEREAS, Section 33445 of the California Health and Safety Code requires the Agency to determine the issue of benefit to the Paguay Redevelopment Project prior to the acquisition of the property and that no other reasonable means of financing are available. NOW, THEREFORE, BE 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 4.45 acre property on the southside of Poway Road, generally bounded by Midland Road, on the west and Gate Drive on the east, is of benefit to the Paguay Redevelopment Project by permitting the construction of a box culvert to elimi- nate flood hazards and the location of new automobile dealerships for the impro- vement of the economic viability of the project area in accordance with the land use plan. Section 2. The City Council further determines that no other reasonable means of financing the improvements are available to the community. Resolution No. 87-041 Page 2 Section 3. The City Clerk shall certify to the adoption of this resolution. PASSED, APPROVED AND ADOPTED, by the City Council of the City of Poway, California, at a regular meeting thereof this 30th day of April, 1987. ATTEST: Marjorie K'. Wahlsten, City Clerk Bruce a 6/R/ACQi&2