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Res 92-001RESOLUTION NO. 92-001 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POWAY, CALIFORNIA DETERMINING CERTAIN PUBLIC IMPROVEMENTS TO BE OF BENEFIT TO THE PAGUAY REDEVELOPMENT AGENCY WHEREAS, The City Council will undertake the construction of a new Trafflc Signal at Community Road and Olive Grove Drive (5312); and WHEREAS, the proposed project is within the Paguay Redevelopment Project and the installation of the the aforementioned improvements is necessary for the execution of the project under the provisions of the California Co, mmlunity Redevelopment Law {Health and Safety Code, Section 3000 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 NOW, THEREFORE, BE IT RESOLVED by the City of Poway as follows: Section 1. It is hereby determined that the construction of a new traffic signal at Community Road and Olive Grove Drive are of benefit to the Paguay Redevelopment Project. Section 2. That no other reasonable means of financing the improvements are available to the community. Section 3. The Clerk shall certify to the adoption of the resolution. PASSED, ADOPTED AND APPROVED by the City of thereof this 7th day of January, 199~ oway at a regular meeting , Mayor ATTEST: Marjori~_~. Wahlsten, City Clerk Resolution No. 92-001 Page 2 STATE OF CALIFORNIA ) ) SS. COUNTY OF SAN DIEGO ) I, Marjorie K. Wahlsten, City Clerk of the City of Poway, do hereby certify under penalty of perjury that the foregoing Resolution No.92-001 was duly adopted by the City Council at a meeting of said City Council held on the 7th day of January, 1992 and that it was so adopted by the following vote: AYES: EMERY, HIGGINSON, MCINTYRE, SNESKO, GOLDSMITH NOES: NONE ABSTAIN: NONE ABSENT: NONE MarjoriekK¥ Wahlsten, City Clerk City of P._~Way