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Res 90-216RESOLUTION NO. 90-216 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POWAY CONFIRMING THAT CONSTRUCTION OF VALLE VERDE PARK IS OF BENEFIT TO THE PAGUAY REDEVELOPMENT PROJECT AREA AND THE IMMEDIATE NEIGHBORHOOD IN WHICH THE PROJECT IS LOCATED AND THAT NO OTHER REASONABLE MEANS OF FINANCING SAID PUBLIC IMPROVEMENT EXISTED. WHEREAS, by Ordinance No. 117 adopted on December 13, 1983, the City Council of the City of Poway (the "City") adopted and approved a Redevelopment Plan (the "Redevelopment Plan") for the Paguay Redevelopment Project, (the "Project)"; WHEREAS, pursuant to the California Community Redevelopment Law (Health and Safety Code Section 33000, et seq.) the Poway Redevelopment Agency (the "Agency") is carrying out the Redevelopment Plan for the Project in the Redevelopment Project Area (the "Project Area"); Wq{EREAS, the Redevelopment Plan for the Project Area authorizes the Agency to pay all or part of the value of the acquisition and construction of public improvements; WHEREAS, California Health and Safety Code Section 33445 provides that the Agency may, with the consent of the legislative body, pay all or part of the value of public buildings, facilities, structures or other improvements upon a finding that such public improvements are of benefit to the Project Area or the immediate neighborhood in which the Project is located and that there is no other reasonable means of financing such public improvements available to the community; WHEREAS, the Agency has contributed toward the cost of construction of Valle Verde Park (the "Improvement") which is used by and of benefit to persons residing in the Project Area; and WHEREAS, no other reasonable means of financing the Improvement were available in that the cost of the Improvement exceeded the financial ability of the City to pay, no private sources of funding were available, and all state and federal grant alternatives were exhausted. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Poway as follows: Section 1. The City Council hereby finds that the Improvement is of benefit to the Project Area and the surrounding neighborhood in which the Project Area is located. Resolution No. 90-216 Page 2 Section 2. The City Council further finds that no other reasonable means of financing the Improvement was available to the community. PASSED, APPROVED AND ADOPTED THIS 27th day of N0vembe~ 1990 at a regular meeting of the City of Poway by the following vote: AYES: COUNCIL MEMBERS: BRANNON, EMERY, GOLDSMITH, HIGGINS0N NOES: COUNCIL MEMBERS: NONE ABSENT: COUNCIL MEMBERS: KRUSE ABSTAIN: COUNCIL MEMBERS: NONE Mayor of -~-~ - ~oway ATTEST: Cl y C~k (C:\WP51XRESXVVERDE1.RES) STATE OF CALIFORNIA ) ) SS. COUNTY OF SAN DIEGO ) Resolution No. ~-216 Page 3 I, MarJorie K. Wahlsten, City Clerk of the City of Poway, do hereby certify, under the penalty of perjury, that the foregoing Resolution, No. 90-216 , was duly adopted by the City Council at a meeting of said City Council held on the 27th day of __ November , 1990, and that it was so adopted by the following vote: AYES: NOES: ABSTAIN: ABSENT: BRANNON, EMERY, GOLDSMITH, HIGGINSON NONE NONE KRUSE MarJo~i~ K. Wahlsten, City Clerk City ~Poway