2A Public Hearing 2009 0209 - Laserfiche WebLink

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Summary Report of Health & Safety Code Findings -Ninth Grade Campus Estimate of Agency's Tax Increment Contribution The Agency proposes to contribute the following amounts of tax increment to the Project: • $1,635,360 toward construction of the gymnasium building • $176,490 far design upgrades to the exterior of the gymnasium building • $44,730 for 710 linear feet of related curb and gutter work at 138th Avenue and Bancroft Avenue • $129,220 for 7,100 square feet of sidewalk (ten feet wide) on 13 8th Avenue and Bancroft Avenue • $185,000 for 2,500 square feet of asphalt improvements to drop-off area • In-kind contributions of asphalt improvements and corner reconfiguration, valued at $86,550 The total amount of the estimated tax increment contribution to the Project, including the value of the in-kind contributions, is $2,257,350. Facts Supporting Health and Safety Code Section 33445 Determinations The Project Area includes dilapidated and unsafe buildings, underutilized properties, economically obsolete and deteriorated buildings and lots, incompatible adjacent land uses, and inadequate street amenities. The Project Area's vacant and underutilized properties and other properties suffer from economic dislocation, depreciated or stagnant property values, and impaired investments. The existence of inadequate public improvements and public facilities in the Project Area cannot be remedied by private or governmental action without redevelopment. The lack of adequate public improvements hinders economic development opportunities and contributes to the existence of depreciated and stagnant property values and impaired investments in the Project Area. Elimination of Blight The above-described construction of a new school gymnasium and installation of related public improvements (the "Project") will assist in the elimination of one or more blighting conditions in the Project Area. The Ninth Grade Campus is being constructed on an approximately 2.68 acre parcel between Bancroft Avenue and East 14th Street, a state highway and main arterial in the City. The site was previously used for vehicle storage. The new construction, including design upgrades to the exterior of the gymnasium building, will transform the site from an underutilized, unsightly property, and the installation of sidewalks, curbs and gutters will provide necessary street amenities and improve the aesthetics of East 14th Street. Furthermore, the addition of a new school that brings students and their families to the area will benefit nearby retail establishments and thus further economic development opportunities in the Project Area. 2