HomeMy WebLinkAboutResolutions 2011-132 N.C.S. 09/12/2011 Resolution No. 2011 -132 N . S
of the City of Petaluma, California
CONSENTING TO THE EXPENDITURE OF $5,310,000 OF TAX INCREMENT FUNDS
IN THE CENTRAL BUSINESS DISTRICT 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 for the use of $5,310,000 in tax increment
funds for the purpose of funding the following public improvements located inside or contiguous
to the Project Areas:
o 101/E. Washington Street Interchange Improvements(PCD)
o Auto Center Drive Extension(PCD)
o Old Redwood Highway Interchange(PCD)
o Rainier Ave. Cross -town Connector /Interchange(PCD)
o River Trail — Washington to Lakeville (PCD)
as more particularly described in the Implementation Plan (collectively, "Public
Improvements ") within the Project Areas; and,
WHEREAS, completion of the Public Improvements will be of benefit to the Project
Area by helping 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 $3,777,000 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. 2011 -132 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, THEREFORE, BE IT RESOLVED that the City Council of the City hereby:
1. 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 expenditure of $5,310,000 in Agency 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 A ove as to
Council of the City of Petaluma at a Regular meeting on the 12 day of September, or :
2011, by the following vote:
City ttorney
AYES: Albertson, Barrett, Mayor Glass, Harris, Vice Mayor Healy, Kearney, Renee
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST: t / /i "A /
City Clerk Mayor
Resolution No. 201 1 -132 N.C.S. Page 2
EXHIBIT
Project PCDC Funding for Other Funding in Source
FY 2011 -2012 FY 2011 -2012
State Local
Old Redwood Highway Interchange $1,258,000 $3,000,000 Partnership Funds
(SLPP)
Auto Center Drive Extension $177,000 $139,000 Prop 1B
101/E. Washington Interchange $1,1 12,000 $0.00
Traffic Mitigation
Rainier Ave. Crosstown Connector $1,356,000 $355,000 Impact Fees
River Trail - Washington to Lakeville $1,407,000 $283,000 Measure M
TOTAL $5,310,000 $3,777,000
Resolution No. 2011 -132 N.C.S. Page 3