HomeMy WebLinkAboutResolution 2007-189 N.C.S. 11/05/2007 Resolution No. 2007-189 N.C.S.
of the City of Petaluma, California
CONSENTING TO TIDE USE OF $1,040,000 IN
PETALUMA COMMUNITY DEVELOPMENT TAX INCREMENT FUNDS
FOR THE `D' STREET BRIDGE REHABILITATION PROJECT
AND MAHING FINDINGS REQUIRED BY
HEALTH & SAFETY CODE SECTION 33445
WHEREAS, the City Council of the City of Petaluma adopted the Redevelopment Plan
for the Central Business District Project Area (CBD) in 1976 and the Redevelopment Plan for
the Petaluma Community Development Project Area (PCD) in 1988 ("Redevelopment Plans")
and fiscally merged the Redevelopment Plans in 2006; and,
WHEREAS, the Redevelopment Plans set forth plans for redevelopment of the CBD and
PCD Project Areas ("Project Areas"); and,
WHEREAS, the Petaluma Community Development Commission (PCDC) is
responsible for administering the Redevelopment Plans to cause the redevelopment of the Project
Areas, including installation of public improvements consistent with the Redevelopment Plans;
and,
WHEREAS, it would be beneficial to the alleviation of blight in the Project Areas to
make the following public improvements ("Public Improvements"): `D' Street Bridge Project,
including upgrade of the trunnion bearing assembly and other safety improvements to the traffic
gate, lighting systems and pedestrian walkway; and,
WHEREAS, the expenditure of tax increment funds will benefit the Project Areas and
help to eliminate blight as outlined in the Five Year Implementation Plan adopted by the PCDC
in June 2007, and as documented in the Report to Council on the Plan Amendment and Fiscal
Merger, accepted by the PCDC in 2006 ("2006 Report"), because the Public Improvements will
upgrade infrastructure to address transportation related deficiencies and remove impediments to
circulation and access that deter circulation and access in the project area, and address additional
roadway and transportation deficiencies, and are therefore of benefit to the Project Area and the
Resolution No. 2007-189 N.C.S. Page 1
immediate neighborhood in which the Project Area is located; and
WHEREAS, the `D' Street Bridge is essential to maintaining traffic circulation in the
`D' Street corridor; and,
WHEREAS, the Public Improvements not only eliminate physical blighting conditions
but also promote economic development opportunities, and facilitate private investment in the
CBD and PCD Project Areas by encouraging other private. investment in the area, thereby
leading to further blight alleviation; and,
WHEREAS, the PCDC and City explored potential funding sources other than
redevelopment for each project as outlined in Chapter IV of the 2006 Report; and,
WHEREAS, anticipated funding sources for the Public Improvements include
$2,436,368 of Federal HBRR funding, which will pay a portion of the total project cost of
$3,032,000, and PCDC and City staff are aware of no other source of funds reasonably available
to pay the remainder of the cost of the Public Improvements other than City general fund
revenues which are committed for the provision of essential services; and,
WHEREAS, use of tax increment funding for the. Public Improvements is consistent
with the PCDC Five Year Implementation Plan adopted earlier this year, which specifically
includes the allocation of tax increment funds for these particular Public Improvements during
the FY2007/08 - FY2011/12 period; and,
WHEREAS, installation of the Public Improvements conforms with the General Plan of
the City; and,
WHEREAS, the PCDC expenditures for the Public Improvements will assist in the
redevelopment of the Project Areas and the Public Improvements are necessary to effectuate the
purpose of the Redevelopment Plans; and,
Resolution No. 2007-189 N.C.S. Page 2
WHEREAS, pursuant to Health and Safety Code Section 33445, the PCDC may, with
the consent of the City Council, pay part or all of the cost of the Public Improvements if the City
Council makes certain specified findings.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
Petaluma hereby:
1. Adopts the findings stated herein as true and correct and as the findings of the City
Council.
2. Finds that (i) the expenditure of tax increment funds to undertake the public
improvements and the project as set forth in this Resolution and the Implementation
Plan will be of benefit to the CBD and PCD Project Areas; (ii) no other reasonable
means of financing the public improvements and the Project is reasonably available;
(iii) completion of the Public Improvements and the Project will assist in the
elimination of blighting conditions in the Project Areas; and (iv) completion of the
Public Improvements and the Project is consistent with the Implementation Plan
adopted for the CBD and PCD Project Areas.
3. Consents to the use of $1,040,000 in PCDC tax increment funds for the Public
Improvements described herein.
Under the power and authority conferred upon this Council by the Charter of said City.
REFERENCE: I hereby certify the foregoing Resolution was introduced and adopted by the Approved a
Council of the City of Petaluma at a Regular meeting on the 5`h day of November, forn~:
2007, by the following vote:
City Attorney
AYES: Barrett, Freitas, Vice Mayor Nau, O'Brien, Rabbitt, Mayor Torliatt r_.._
NOES: None
ABSENT: Harris
ABSTAIN: None (
ATTEST:
City Clerk Mayo
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