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(3) No other reasonable means of financing the acquisition of the land or the <br /> installation or construction of the buildings, facilities, structures, or other improvements that are <br /> publicly owned. are available to the community; and <br /> (4) The payment of funds for the acquisition of land or the cost of buildings, <br /> facilities, structures, or other improvements that are publicly owned is consistent with the <br /> implementation plan adopted pursuant to CRL Section 33490. <br /> • <br /> F. On the basis of the information and evidence presented to the City Council and the <br /> governing board of the Redevelopment Agency and provided in the staff report and other <br /> materials accompanying the resolutions approving this Agreement, the City Council and the <br /> Redevelopment Agency have adopted the findings described in Recital E with respect to the <br /> public improvements to be funded by the Agency pursuant to this Agreement. <br /> G. The Parties desire to enter into this Agreement to set forth the improvements that City <br /> will undertake in furtherance of the redevelopment of the Project Area, and to provide that the <br /> Agency will pay for the cost to undertake such work. <br /> I. Pursuant to State CEQA Guidelines Section 15378(b)(4), approval of the Agreement <br /> itself is not a project subject to the California Environmental Quality Act ( "CEQA "), because the <br /> Agreement is related to a government funding mechanism or other government fiscal activities <br /> which do not involve a commitment to any specific project which may result in a potentially <br /> significant physical impact on the environment. A "project" requiring CEQA review, is an <br /> activity that has the potential for resulting in either a direct or reasonably foreseeable indirect <br /> physical change in the environment, and expressly does not include government funding <br /> mechanisms or other government fiscal activities which do not involve any commitment to any <br /> • specific project (CEQA Guidelines, § 15378(b)(4)). Nevertheless, as further described in the staff <br /> report, resolution and related materials provided to the City Council and Agency governing board in <br /> connection with the review and approval of this Agreement, the Eden Road project described in <br /> Exhibit A to the Agreement is exempt from CEQA review pursuant to CEQA Guidelines Section <br /> 15303(d) because it involves the construction of a limited segment of roadway in an urbanized <br /> • area. The City and Agency (as applicable) have determined based on substantial evidence that <br /> there are no substantial changes proposed in the project, no substantial changes have occurred <br /> with respect to the circumstances or environmental setting under which the project will be <br /> undertaken, and no other significant new information has become available since the time the <br /> public notice of availability was issued, which would demonstrate that (i) a new significant <br /> environmental impact would result from the project or from a new mitigation measure to be <br /> implemented; (ii) a substantial increase in the severity of an environmental impact would result <br /> unless mitigation measures are adopted that reduce the impact to a level of insignificance; (iii) a <br /> feasible project alternative or mitigation measure considerably different from others previously <br /> analyzed would clearly lessen the environmental impacts of the project; or (iv) the draft EIR was <br /> so fundamentally and basically inadequate and conclusory in nature that meaningful public <br /> review and comment were precluded. Therefore, no further CEQA evaluation or recirculation of <br /> the EIR is required for approval of this Agreement pursuant to Public Resources Code section <br /> 21166 and CEQA Guidelines Sections 15088.5 and 15162. <br /> • <br /> • <br /> 1605038.2 2 <br />