RDA Reso 2010-009 - Laserfiche WebLink

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a. The buildings, facilities, structures, or other improvements are of primary benefit to the redevelopment project areas; and b. No other reasonable means of financing the buildings, facilities, structures, or other improvements are available to the community, including, but not limited to general obligation bonds, special assessment bonds, or Mello -Roos bonds; and c. The payment of funds for the cost of buildings, facilities, structures, or other improvements 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. WHEREAS, the San Leandro City Council has adopted the foregoing findings for the proposed Project; and WHEREAS, as more particularly described in the staff report accompanying this Resolution (the "Staff Report "), the Project will eliminate a blighted condition by replacing a parking facility for which concerns exist regarding: 1) the insufficient number of parking spaces; 2) traffic circulation within the structure and entry/exit onto both Estudillo Avenue and Callan Avenue; 3) ADA accessibility; 4) security; and 5) the structure's ability to withstand a significant seismic event; and WHEREAS, as more fully described in the Staff Report, the Project will be of primary benefit to the Project Areas by providing parking to allow future development of the former Albertsons and Town Hall Square sites consistent with the City's TOD Strategy, as well as providing increased parking for shoppers and employees particularly in regards to the parking needs of existing and planned retail development, enhancing access, circulation, safety and security with a resulting projected increase in retail sales and commercial development; and WHEREAS, as more fully described in the Staff Report, the expenditure of tax increment funds for the Project is consistent with and specifically identified in the Implementation Plan adopted by the Agency pursuant to Health and Safety Code Section 33490, in that it furthers the parking- related goals and objectives of the Implementation Plan and upgrades the appearance of the Project Area; and WHEREAS, as more fully described in the Staff Report. Agency and City staff, having evaluated sources of funds, including without limitation, general obligation bonds, special assessment bonds, and Mello -Roos bonds, are aware of no other source of funds reasonably available to undertake the installation and construction of the Public Improvements, as tax revenue that might otherwise be available for such purposes is committed for other public projects and the provision of essential services such as police and fire services; and WHEREAS, as more fully described in the Staff Report, the City has no unrestricted general fund revenue available to undertake the construction and installation of the Public Improvements without a reduction in vital community services, and the City Council has made a RESOLUTION NO. 2010 -009 RDA 2