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Res 92-129RESOLUTION NO. 92-129 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POWAY, CALIFORNIA DETERMINING THAT CONSTRUCTION OF A TRAFFIC SIGNAL AT THE INTERSECTION OF ESPOLA ROAD AND TITAN WAY TO BE OF BENEFIT TO THE PAGUAY REDEVELOPMENT PROJECT WHEREAS, the Poway Redevelopment Agency has undertaken the construction of a traffic signal at the intersection of Espola Road and Titan Way (5305); 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 and that no other reasonable means of financing are available; and WHEREAS, construction of the traffic signal enhances pedestrian safety and improves vehicular access in the vicinity of Poway High School; and NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Poway as follows: The Council finds that the traffic signal at the intersection of Espola Road and Titan Way is of benefit in that it provides for improved pedestrian movement and vehicular access to and from adjacent neighborhoods and high school. The Council determines that pursuant to Health and Safety Code 33445, (1) the improvements are 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 th California, this 23rd day of June, 1992. ATTEST: City of Poway, Wahlsten, City Clerk Resolution No. 92-129 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. 92-129 , was duly adopted by the City Council at a meeting of said City Council held on the 23rd day of__ j~n~ , 1992, and that it was so adopted by the following vote: AYES: EMERY, HIGGINSON, MCINTYRE, SNESKO NOES: NONE ABSTAIN: NONE ABSENT: G0hDSMIIH Marjor~e~K. Wahlsten, City Clerk City o~way REPORT \BR5305. RES