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Res 92-127RESOLUTION NO. 92-127 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POWAY, CALIFORNIA, DETERMINING THAT THE CONSTRUCTION OF SILVERSET PARK TO BE OF BENEFIT TO BENEFIT TO THE PAGUAY REDEVELOPMENT PROJECT WHEREAS, the Poway Redevelopment Agency has undertaken the construction of Silverset Park, a neighborhood City park (5618); 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 construction of the park has provided increased recreational opportunities for the residents of the Redevelopment Project area and the community at large. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Poway as follows: The council finds that construction of Silverset Park is of benefit in that it provides increased recreational opportunities for residents within the Plan area as well as the community at large. The Council determines that pursuant to Health and Safety Code 33445, (1) the construction of the park 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, 1992.11 f' nith, Mayor ATTEST: Marjori~J. Wahlsten, City Clerk Resolution No. 92-127 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-]27 , was duly adopted b~t~he City Council at a meeting o~ said City Council held on the-~.- day of June , 1992, and that it was so adopted by the following vote: BR5618.RES AYES: NOES: ABSTAIN: ABSENT: EMERY, HIGGINSON, MCINTYRE, SNESKO NONE NONE GOLDSMITH Marjo~i~K. Wahlsten, City Clerk City ~oway