HomeMy WebLinkAboutResolution 2010-089 N.C.S. 06/07/2010Resolution No. 2010-089 N.C.S.
of the City of Petaluma, California
CONSENTING TO THE EXPENDITURE OF $6,459,000 OF TAX INCREMENT
FUNDS IN THE CENTRAL BUSINESS DISTRIC'T' AND/OR PETALUMA
COMMUNITY DEVELOPMENT PROJECT AREAS AND ADOPTING FINDINGS
REQUIRED BY CALIFORNIA HEALTH & SAFETY CODE SECTION 33445
WHEREAS, in June 2007 the Petaluma Community Development Commission
("Agency") held a public hearing and adopted the Five Year Implementation Plan and in October
2009 held a public hearing and adopted an Addendum thereto (collectively, "Implementation
Plan") for the Central Business District Project Area ("CBD") and the Petaluma Community
Development Project Area ("PCD") (collectively, the "Project Areas") in furtherance of the
City's adopted Redevelopment Plans for the CBD and PCD; and,
WHEREAS, the Implementation Plan provides in 2010-11 for the use of $6,459,000 in tax
increment funds for the purpose of funding the following public improvements
• 101/E. Washington Street Interchange Improvements(PCD)
• Auto Center Drive Extension(PCD)
• Old Redwood Highway Interchange(PCD)
• Rainier Ave. Cross-town Connector/Interchange(PCD)
• Caulfield Railroad Crossing(PCD)
as more particularly described in the Implementation Plan (collectively, "Pnblic
Improvements") within the Project Areas; and,
WHEREAS, completion of the Public Improvements will help to eliminate blighting
conditions in the Project Areas because the infrastructure upgrades and circulation improvements
will address roadway, streetscape and transportation related deficiencies; as well as improving
impediments to circulation and access that deter revitalization in certain areas within the Project
Areas; and,
WHEREAS, the work necessary to rehabilitate and reconstruct the roadways is far in
excess of the criteria established by the Association of Bay Area Governments (ABAG) for
routine roadway maintenance; and,
WHEREAS, Agency and City staff have explored potential funding sources and
determined that aside from $639,000 in funds from various State and Local agencies (See
Exhibit 1) which will be available to undertake the Public Improvements, no other reasonable
means of financing the Public Improvements are available to the community; and,
WHEREAS, California Health and Safety Code Section 33445 provides that a
redevelopment agency may, with the consent of the legislative body, pay for the cost of the
construction of improvements that are publicly owned and are located inside of or contiguous to
a project area if the legislative body determines all of the following:
Resolution No, 2010-089 N.C.S. Page 1
1. That the construction of the improvements that are publicly owned are of benefit to
the project area by helping to eliminate blight within the project area;
2. That no other reasonable means of financing the installation or construction of the
improvements that are publicly owned are available to the community; and
3. That the payment of funds for the. cost of the improvements that are publicly owned is
consistent with the implementation plan adopted by the redevelopment agency.
NOW, TIIEREFORE, BE IT RESOLVED that the City Council of the City hereby:
Adopts the findings stated herein as true and correct and as its findings.
2. Finds that (i) the expenditure of tax increment funds to undertake the improvements
that are publicly owned as set forth in this Resolution and the Implementation Plan
will be of benefit to the Project Areas by helping to eliminate blight within the Project
Areas; (ii) no other reasonable means of financing the installation or construction of
the improvements that are publicly owned are reasonably available to the
community; and (iii) the payment of funds for the cost of the improvements that are
publicly owned is consistent with the Implementation Plan adopted for the Project
Areas.
3. Consents to the use of $6,459,000 in Agency tax increment funds for the Public
Improvements described herein.
Under the power and authority conferred upon this Council by the Charter bf said City.
REFERENCE: 1 hereby certify the foregoing Resolution was introduced and adopted by the pr ~d [o
Council of the City of Petaluma at a Regular meeting on the 7`h day of June, 2010,
by the following vote: r-
AYES: Barrett, Vice Mayor Glass, Harris, Healy, Babbitt, Renee, Mayor "I'orliatt
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST:
City Clerk
City
Resolution No. 2010-089 N.C.S. Page 2