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Res 94-072RESOLUTION NO. 94-072 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POWAY, CALIFORNIA DETERMINING THAT THE STOWE DRIVE EXTENSION PROJECT (#5281) IS OF BENEFIT TO THE PAGUAY REDEVELOPMENT PROJECT WHEREAS, the Poway Redevelopment Agency is authorized to carry out the redevelopment of the Poway Redevelopment Project Area; and WHEREAS, the Poway Redevelopment Agency has completed a study to identify the public facility and improvement deficiencies within the Project Area and the immediate neighborhoods and has concluded that the construction of the Stowe Drive Extension is necessary; and WHEREAS, the Stowe Drive Extension Project (#5281) is located within and adjacent to the Paguay Redevelopment Project Area and the project is necessary for the execution of the Project under the provisions of California Community Redevelopment Law (Health and Safety Code, Section 33000 et. seq.) and pursuant to the Redevelopment Plan for the Project which was adopted on December 13, 1983, by Ordinance No. 117 of the City Council and as amended on June 15, 1993, by Ordinance No. 415 of the City Council; and WHEREAS, Section 33445 of the California Health and Safety Code requires the City Council to determine that the project is of benefit to the Paguay Redevelopment Project and that no other reasonable means of financing are available to the City; and WHEREAS, this project is listed in the Paguay Redevelopment Plan. NOW, THEREFORE, IT IS RESOLVED that the City Council of the City of Poway does hereby resolve as follows: Section 1. The City Council hereby determines that the Stowe Drive Extension Project (#5281) is of benefit to the Paguay Redevelopment Project and the surrounding community in that this extension will provide two access points into the Old Pomerado Neighborhood, which will improve traffic circulation. Additionally, this second access wilt provide greater access in the event of a fire or other emergency, thus providing for the health and safety of the residents of this area. Section 2. The City Council further determines that no other reasonable means of financing the improvements are available to the community. Section 3. The City Clerk shall certify to the adoption of this resolution. Resolution No. 94- 072 Page 2 PASSED, ADOPTED AND APPROVED, by the City Council of the City of Poway, California, at a regular meeting thereof this 28th day of June, 1994. Robert C. Emery, Deputy ~aayor ATTEST: Wahlsten, City Clerk STATE OF CALIFORNIA ) ) SSo COUNTY OF SAN DIEGO ) I, Marjorie K. Wahlsten, City Clerk of the City of Poway, do hereby certify the foregoing Resolution No. 94- 072 was duly adopted by the City Council at a meeting of said City Council on the 28th day of June, 1994 and that it was so adopted by the following vote: AYES: CALLERY, EMERY, SNESKO NOES: NONE ABSTAIN: NONE ABSENT: CAFAGNA, HIGGINSON Marjo~ie\K. Wahlsten, City Clerk City fd~_~oway 5281 .c