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Res 92-112RESOLUTION NO. 92-112 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POWAY, CALIFORNIA, DETERMINING THAT THE EXTENSION OF SOUTH POWAY EXPRESSWAY FROM POMERADO ROAD TO THE WEST CITY LIMIT TO BE OF BENEFIT TO THE PAGUAY REDEVELOPMENT PROJECT WHEREAS, the Poway Redevelopment Agency will undertake the extension of South Poway Expressway west from Pomerado Road to a point 1.2 miles west of the City limit (5238); and WHEREAS, the proposed project is within the Paguay Redevelopment Project 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 expenditure of funds and that no other reasonable means of financing are available; and WHEREAS, the extension of the expressway will provide for more efficient movement of vehicular traffic by providing a segment to a regional roadway which will eventually connect State Highway 67 and Interstate 15 at Mercy Road interchange; and WHEREAS, the extension will also provide needed highway access to the Pomerado Business Park, a major redevelopment project. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Poway as follows: The Council finds that the extension of South Poway Expressway is of benefit in that: 1} it provides for improved vehicular movement; and 2) provides access to and from the Pomerado Business Park. The Council determines that pursuant to Health and Safety Code 33445: 1) the extension of the South Poway Expressway is of benefit to the Project Area and neighborhood in which such property is situated; and 2} no other reasonable means of financing the project is available to the City of Poway. APPROVED AND ADOPTED by the City Council of the City of Poway, California, this 23rd day of June, 1992.  , Mayor ATTEST; arjor'~. Wahlsten, City Clerk Resolution No. 92-112 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 the penalty of perjury, that the foregoing Resolution, No. 92-112 , was duly adopted by the City Council at a meeting of said City Council held on the 23rd day of__ June , 1992, and that it was so adopted by the following vote: BR5238.RES AYES: NOES: ABSTAIN: ABSENT: EMERY, HIGGINSON, MCINTYRE, SNESKO NONE NONE GOLDSMITH Marjor/ie~K. wahlsten, City Clerk City o~oway