RDA Reso 2008-025 - Laserfiche WebLink

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IN THE REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO RESOLUTION N0.2008-025 RDA (3145) RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO APPROVING A COOPERATION AGREEMENT BETWEEN THE CITY OF SAN LEANDRO AND THE REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO FOR THE PURPOSE OF UNDERTAKING REDEVELOPMENT ACTIVITIES WITHIN THE REDEVELOPMENT AREA AT A COST OF $1,300,000 TO THE REDEVELOPMENT AGENCY FOR THE EAST 14TH STREET/HESPERIAN BOULEVARD/150TH AVENUE IMPROVEMENT PROJECT, PROJECT NO. 144-39-001 WHEREAS, California Redevelopment Law at Health and Safety Code Section 33421 authorizes a redevelopment agency to cause the acquisition of property for the installation of public improvements necessary in the project area for carrying out the redevelopment plan; and WHEREAS, California Redevelopment Law at Health and Safety Code Section 33445 provides that a redevelopment agency may, with the consent of the legislative body, pay all or a portion of the cost to acquire the property needed for the construction of any building, facility, structure, or other improvements within the project area if it determines all of the following: a. The improvements are of benefit to the project area or the immediate neighborhood in which the project is located; and b. That no other reasonable means of financing the acquisition of property and relocation of the tenant at 14901 East 14th Street are available to the community; and c. That the payment of funds for the acquisition will assist in the elimination of one or more blighting conditions inside the project area; and d. The project is consistent with the Five Year Implementation Plan adopted by the Agency pursuant to Section 33490; and WHEREAS, the Redevelopment Agency of the City of San Leandro (the "Agency") is engaged in the East 14th Street/Hesperian Boulevard/150th Avenue Improvement Project within and adjacent to the Redevelopment Project Area ("Project Area"), which will benefit the Project Area by upgrading the appearance of the Project Area; and WHEREAS, no other means of fully financing the acquisition of property for the East 14th Street/Hesperian Boulevard/150th Avenue Improvement Project is available to the community (in addition to the ACTIA funds already allocated to the project) in that the only other possible source of funding is through the use of the City's General Fund, which is pledged for the provision of essential City services for the residents of the City; and