HomeMy WebLinkAboutPCDC Resolution 2004-12 07/19/2004RS®LUTI®IV 2004-12
PETALUMA COMMUNITY DEVELOPMENT COMMISSION
APPROVING THE EXPENDITURE OF TAX INCREMENT FUNDS FOR REHABILITATION AND
RECONSTRUCTION OF ROADWAYS IN THE CENTRAL BUSINESS DISTRICT AND PETALUMA
COMMUNITY DEVELOPMENT PROJECT AREAS AND ADOPTING FINDINGS REQUIRED BY
HEALTH AND SAFETY CODE SECTION 33445
WHEREAS, on April 19, 2004, the Petaluma Community Development Commission
("Agency") held a public hearing and considered the Mid-Term Review of the Five Year
Implementation Plan ("Implementation Plan") for the Central Business District Project
Area ("CBD") and the Petaluma. Community Development Area ("PCD"); and,
WHEREAS, on July 14, 2004, the Petaluma City Council ("City Council") held a
public hearing and considered the FY 2004-05 Proposed Budget for the period from July
1, 2004 to June 30, 2005 ("Budget"); and,
WHEREAS, the Implementation Plan and the Budget provide for the transfer of
$4,000,000 in tax increment funds to the City for the purpose of funding roadway
rehabilitation and reconstruction, and related improvements to arterial and connector
streets as more particularly described in the Implementation Plan (collectively, "Public
Improvements") within the CBD and the PCD project areas (collectively, the "Project
Areas"); and,
WHEREAS, completion of the Public Improvements will eliminate blighting
conditions in the Project Areas in that the present deteriorated condition of the
roadways to be rehabilitated and reconstructed is unsightly, impairs traffic circulation,
and creates pedestrian and vehicular hazards; 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,
PCDC Resolution No. 2004-12 Page 1
WHEREAS, Commission and City staff are aware of no other source of funds
reasonably available to undertake the Public Improvements as the only other source
available for such purpose would be City general fund revenues which are committed
for the. provision of essential services such as police and fire services; 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 which are publicly owned if the legislative body
determines all of the following:
1. That the improvements are of benefit to the project area or the immediate
neighborhood in which the project is located;
2. That no other reasonable means of financing the improvements is available
to the community; and
3. That the payment of funds for the cost of the improvements will assist in the
elimination of one or more blighting conditions inside the project area, and
will be consistent with the implementation plan adopted by the
redevelopment agency.
NOW, THEREFORE, BE IT RESOLVED that the Petaluma Community Development
Commission hereby:
1. Finds that (i) the expenditure of tax increment funds to undertake the Public
Improvements as set forth in this Resolution and the Implementation Plan will
be of benefit to the Project Areas, (ii) no other reasonable means of financing
the Public Improvements is reasonably available, (iii) completion of the
Public Improvements will eliminate blighting conditions in the Project Areas;
and (iv) completion of the Public Improvements is consistent with the
Implementation Plan adopted for the Project Areas.
PCDC Resolution No. 2004-12 Page 2
2. Authorizes the expenditure of tax increment funds in the amount of
$4,000,000 for the purpose of completing the Public Improvements arteria{
and collector streets within the CBD/PCD Project Area.
Adopted this 19th day of July, 2004 by the following vote:
Commissioner Aye: No Absent
Chair Glass X
Harris X
Healy X
Vice Chair Moynihan X
O'Brien X
Thompson X
Torliatt X
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David Glass, Ch~ir-
ATTEST: - -
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Gayle Pe rsen, Recording Secretary
APPROVED AS TO FORM:
RicR~rd R. R"udnansky, Genf Counsel
PCDC Resolution No. 2004-12 Page 3