HomeMy WebLinkAbout--Economic Development Agency
ECONOMIC DEVELOPMENT AGENCY
OF THE CITY OF SAN BERNARDINO
FROM:
Emil A. Marzullo
Interim Executive Director
SUBJECT:
Amendment to the Economic Development
Agency's Fiscal Year 2007-2008 Budget
DATE:
June 24, 2008
Svnopsis oCPrevious CommissioPlCoupcil/Committee Action(s):
On June 21, 2007, the Community Development Commission of the City of San Bernardino ("Commission") approved the
Economic Development Agency's ("Agency") fiscal year 2007-2008 Budget, with the exception of a $9.6 million reserve set-
aside for appropriations at a later date.
On January 22, 2008, the Commission amended the Agency's fiscal year 2007-2008 Budget to allow Agency funding of
eligible City expenditures.
Recommended Motion(s):
Community Development Commission
A: Resolution of the Community Development Commission of the City of San Bernardino, California, approving an
amendment to the Economic Development Agency's ("Agency") fiscal year 2007-2008 Budget to allow for carry-over
tax increment fund balances and Golf Course Lease funds to be used for eligible fiscal year 2007-2008 City adopted
expenditures.
B: Resolution of the Community Development Commission of the City of San Bernardino, California, authorizing the
funding of various City of San Bernardino fiscal year 2007-2008 public improvement expenditures and making
findings and determinations as to the benefit to the various redevelopment project areas for undertaking public
improvements through prior City expenditures.
Mavor and Common Council
C: Resolution of the Mayor and Common Council of the City of San Bernardino, California, authorizing the funding of
various City of San Bernardino fiscal year 2007-2008 public improvement expenditures and making findings and
determinations as to the benefit to the various redevelopment project areas for undertaking public improvements
through prior City expenditures.
Contact Person(s):
Project Area(s):
Emil A. MarzullolBarbara Lindseth
Phone:
(909) 663-1044
All
All
Ward(s):
Supporting Data Attached:
1;'1 Staff Report 1;'1 Resolution(s) 0 Agreement(s) Contract(s) 0 Map(s) 0 Letters
FUNDING REQUIREMENTS: Amount: $ 1,519,900
Source:
All
Budget Authority:
Requested
Signature:
Emil A. Marzul 0,
cutive Director
Fiscal Review:
Barbara Lindseth, Administrative Service Director
=.L'i.
CommissioPlCouncil Notes:
P:\Agendas\Comm Dev Commission\CDC 2008\06.30-08 EDA Budget FY 07-08. Amendment No 2 SR.doc
COMMISSION MEETING AGENDA
Meeting Date: 0613012008
Agenda Item Number:
ECONOMIC DEVELOPMENT AGENCY
STAFF REPORT
AMENDMENT TO THE ECONOMIC DEVELOPMENT AGENCY'S FISCAL YEAR 2007-2008 BUDGET
BACKGROUND:
The City of San Bernardino Economic Development Agency's ("Agency") adopted Budget for the fiscal year 2007-
2008 anticipated resources totaling $93 million. Of this total, $9.6 million in one-time carry-over tax increment
fund balances were earmarked for various proposed projects within the redevelopment project areas. When the
Community Development Commission of the City of San Bernardino ("Commission") adopted the Agency's fiscal
year 2007-2008 Budget on June 21, 2007, these proposed projects were removed by the Commission from the fmal
adopted Budget in order to allow for future discussions to take place as to how this tax increment one-time fund
balance carry-over of $9.6 million may best be used for redevelopment purposes.
On January 22, 2008, the Commission approved an amendment to the Agency's fiscal year 2007-2008 Budget,
following the Mayor and Common Council of the City of San Bernardino ("City Council") action, so that
$1,604,200 could be allocated from the Agency's accumulated one-time tax increment carry-over fund balance of
$9.6 million to be used for the following expenditures for the fiscal year 2007-2008, with the exception of the
allocation of $230,000 for the Development Services Department's reorganization (#7), which will be paid from
Agency salary savings:
1. San Bernardino Convention and Visitors Bureau (various)
2. COP payment Central Police Dept. building (CCN)
3. Police costs related to the Carousel Mall (CCP)
4. City overhead costs related to new Agency's positions (various)
5. Los Padrinos graffiti abatement in Project Areas (various)
6. Enterprise Zone expenses - City/County MOU (various)
7. Development Services Dept. reorganization (various)
Total
$460,000
$493,100
$267,100
$100,000
$120,000
$164,000
$230.000
$1.834.200
Also, on January 22, 2008, the Commission approved a proposal to forgive the City's obligation to repay the
Agency the Verdemont Infrastructure Loan created in 1993 in the principal amount of $1,556,000, plus accrued
interest at 5% since August 2005 (estimated at $188,000), in order to assist the City and the Agency to design and
construct much needed road improvements such as the extension of Frontage Road between Little League Drive
and Devore in the Verdemont Area.
CURRENT ISSUE:
In light of the City's anticipated $20 million deficit, the City Council recently, in March 2008, additionally
approved Agency funding, forgiveness of rent, or transfer of funds as outlined below. Now, following this recent
City Council action, it is necessary for the Commission to amend the Agency's fiscal year 2007-2008 Budget to
allow for the following additional City expenditures:
I. Transfer Golf Course lease revenue to the City (SC) $650,000
2. Provide City human resource services to Agency (various) $25,000
3. Eliminate all rentto Agency for 201 building (CCP) $162,900
4. Library Lease Revenue Bond issue payment (CCN) $657,000
5. City portion Welcome Center (various) $25.000
Total $1.519.900
Additionally, because the Central City Merged Projects and Central City North Redevelopment Project Areas are in
a projected negative fund balance prior to the addition of these City expenditures, it is necessary to transfer funds
P:\Agendas\CommDevCommission\CDC2008\06-3Q-08EDABudgetFY07.08.AmendmentNo 2 SRdoc COMMISSION MEETING AGENDA
Meeting Date: 0613012008
Agenda Item Number:
Economic Development Agency Staff Report
Agency 2007-2008 Budget Amendment
Page 2
from other redevelopment project areas in order to fund a portion of the above City requests (only the Central City
Merged Projects and Central City North Redevelopment Project Areas portions of those City expenditures
approved January 22, 2008 and March 2008). Only those City funding requests which require a transfer of funds
are as follows:
I. COP payment Central Police Dept. building (CCN)
2. Police costs related to the Carousel Mall (CCP)
3. Eliminate all rent to Agency for 201 building (CCP)
4. Library Lease Revenue Bond issue payment (CCN)
Total
$493,100
$267,100
$162,900
$657.000
$1.580.100
Based upon examination of fund balance availability, and current revenues and expenditures in all of the
redevelopment project areas, it is proposed to transfer $640,000 from State College Redevelopment Project Area,
$640,000 from Southeast Industrial Park Redevelopment Project Area, $150,050 from Tri City Redevelopment
Project Area, and $150,050 from Northwest Redevelopment Project Area to the Central City Merged Projects and
the Central City North Redevelopment Project Areas. In order to do this transfer, it will also be necessary for the
Commission and the City Council to adopt benefit Resolutions for these redevelopment project areas.
At this time, it is necessary to amend the Agency's adopted fiscal year 2007-2008 Budget in the amount of
$1,519,900 to allow the Agency to pay for fiscal year 2007-2008 City expenditures, as previously approved by the
City Council, from accumulated carry-over tax increment fund and Golf Course lease fund balances, and to adopt
required Section 33445 benefit Resolutions allowing for the transfer of funds from State College, Southeast
Industrial Park, Tri City and Northwest Redevelopment Project Areas to the Central City Merged Projects and
Central City North Redevelopment Project Areas.
ENVIRONMENTAL IMPACT:
None.
FISCAL IMPACT:
The fiscal impact of the Amendment to the Agency's fiscal year 2007-2008 Budget will be $1,519,900, as outlined
in the Staff Report.
RECOMMENDATION:
That Community Development Commission and the Mayor and Common Council adopt the attached Resolutions.
, Interim Executive Director
P:\Agendas\Comm Dev Commission\CDC 2008\06-30-08 EDA Budget FY 07-08 - Amendment No 2 SR.doc
COMMISSION MEETING AGENDA
Meeting Date: 0613012008
Agenda Item Number:
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5
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RESOLUTION NO.
RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF
THE CITY OF SAN BERNARDINO, CALIFORNIA, APPROVING AN
AMENDMENT TO THE ECONOMIC DEVELOPMENT AGENCY'S
("AGENCY") FISCAL YEAR 2007-2008 BUDGET TO ALLOW FOR CARRY-
OVER TAX INCREMENT FUND BALANCES AND GOLF COURSE LEASE
FUNDS TO BE USED FOR ELIGIBLE FISCAL YEAR 2007-2008 CITY
ADOPTED EXPENDITURES
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WHEREAS, on June 21, 2007, the Conununity Development Conunission of the City of San
Bernardino ("Commission"), adopted the Economic Development Agency's ("Agency") fiscal year
2007-2008 Budget, with the exception of$9.6 million allocated to projects funded with accumulated
carry-over tax increment fund balances for one-time expenditures; and
WHEREAS, the Conunission desires to adopt the fmding that the funding by the Agency of
the City of San Bernardino ("City") expenditures, as outlined in the Staff Report, are eligible
expenditures of tax increment revenues and Shandin Hills Golf Course lease revenues and will
benefit the City and the Agency; and
WHEREAS, the Conunission desires to approve and adopt an amendment to the Agency's
fiscal year 2007-2008 Budget to allocate $1,519,900 from the accumulated carry-over tax increment
funds and Shandin Hills Golf Course lease revenue funds for eligible fiscal year 2007-2008 City
expenditures, as outlined in the Staff Report.
NOW, THEREFORE, THE COMMUNITY DEVELOPMENT COMMISSION OF THE
CITY OF SAN BERNARDINO DOES HEREBY RESOLVE, DETERMINE AND ORDER, AS
FOLLOWS:
Section 1.
The Commission hereby approves and adopts the finding that the funding by
the Agency of all certain City expenditures, as outlined in the Staff Report, are eligible expenditures
of tax increment revenues and Shandin Hills Golf Course lease revenues and will benefit the City
and the Agency.
Section 2.
The Conunission hereby approves and adopts an amendment to the Agency's
Budget in the amount of$1,5l9,900 for eligible fiscal year 2007-2008 City expenditures, as outlined
in the Staff Report.
Section 3.
This Resolution shall become effective immediately upon its adoption.
1
P:\Agendu\Resolutions\Resolutiom\2008\06-30-0S EDA BudF FY 07-08. Amendment No.2 Reso Adoc
RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF
THE CITY OF SAN BERNARDINO, CALIFORNIA, APPROVING AN
AMENDMENT TO THE ECONOMIC DEVELOPMENT AGENCY'S
("AGENCY") FISCAL YEAR 2007-2008 BUDGET TO ALLOW FOR CARRY-
OVER TAX INCREMENT FUND BALANCES AND GOLF COURSE LEASE
FUNDS TO BE USED FOR ELIGIBLE FISCAL YEAR 2007-2008 CITY
ADOPTED EXPENDITURES
1
2
3
4
5
6 I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the Community
7 Development Commission of the City of San Bernardino at a
17
18
meeting
, 2008, by the following vote to wit:
Navs
Abstain
Absent
Secretary
19 The foregoing Resolution is hereby approved this
20
21
22
23
24 Approved as to Form:
25 ~
By: l ?-_~
26 ~genc oun I
27
28
day of
,2008.
Patrick J. Morris, Chairperson
Community Development Commission
of the City of San Bernardino
2
P:\Agendas\Resolutions\RelOlutions\2003\06-30-08 EDA Budget FY 07-0& - Amendment No.2 Reso A.doc
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RESOLUTION NO.
RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF
THE CITY OF SAN BERNARDINO, CALIFORNIA, AUTHORIZING THE
FUNDING OF VARIOUS CITY OF SAN BERNARDINO FISCAL YEAR 2007-
2008 PUBLIC IMPROVEMENT EXPENDITURES AND MAKING FINDINGS
AND DETERMINATIONS AS TO THE BENEFIT TO THE VARIOUS
REDEVELOPMENT PROJECT AREAS FOR UNDERTAKING PUBLIC
IMPROVEMENTS THROUGH PRIOR CITY EXPENDITURES
WHEREAS, the City of San Bernardino, California (the "City"), is a municipal corporation
8 and a charter city duly created and existing pursuant to the Constitution and the laws of the State 0
9 California; and
10 WHEREAS, the Community Development Commission of the City of San Bernardino (the
11 "Commission") on behalf of the Redevelopment Agency of the City of San Bernardino (the
12 "Agency"), is a redevelopment agency, a public body, corporate and politic of the State of
13 California, organized and existing pursuant to the Community Redevelopment Law (part 1 of
14 Division 24 commencing with Section 33000) of the Health and Safety Code of the State of
15 California (the "Act"); and
16 WHEREAS, pursuant to Section 33445 of the Act, the Agency may, with the consent of the
17 Mayor and Common Council of the City (the "Council"), pay all or a part of the cost of installation
18 and construction of any building, facility, structure or other improvement which is publicly owned
19 either within or without the boundaries of a redevelopment project area if the Council determines:
20 (1) that such buildings, facilities, structures or other improvements are of benefit to the
21 redevelopment project area or the immediate neighborhood in which the project is located,
22 regardless of whether such improvement is within another project area, or in the case of the project
23 area in which substantially all the land is publicly owned, that the improvement is of benefit to an
24 adjacent project area of the Agency; (2) that no other reasonable means of financing such buildings,
25 facilities, structures or other improvements is available to the community, and such determination
26 by the Commission and the Council shall be final and conclusive; and, (3) that the payment of funds
27 for the cost of the facilities, structures or other improvements will assist in the elimination of one
28 (1) or more blighted conditions inside the project area; and
1
P:\Agendas\Resolution8\Resolution5\2008\06-30-0S EDA Budget FY 07..03. Amendment No. 2 Rcso B.doc
1 WHEREAS, the Council and the Commission have previously approved and adopted
2 Redevelopment Plans (collectively, hereinafter referred to as the "Redevelopment Plans") for
3 various redevelopment project areas within the City, which project areas include: State College,
4 Central City North, Southeast Industrial Park, Northwest, Tri City, and Central City Merged
5 Redevelopment Project Areas; and
6 WHEREAS, it is in the interest of the present landowners within the various project areas
7 subject to the Redevelopment Plans (the "Project Areas") and the residents, both within the Project
8 Areas and within the City generally, that the Agency cause the funding of certain improvements
9 consisting of: (1) the Agency payment of the COP debt service payment for the Central Police
10 Department building ($493,100) within the Central City North Redevelopment Project Area; (2)
11 payment of certain security costs in the form of contractual committed police officers related to the
12 Carousel Mall ($267,100) within the Central City Merged Redevelopment Project Area; (3)
13 elimination of all rent payments to the Agency otherwise due and payable from the City for those
14 City Departments that are tenants in the Agency owned building located at 201 North "E" Street
15 ($162,900) within the Central City Merged Redevelopment Project Area; and, (4) the Agency
16 payment of the Central Library Lease Revenue debt service payment ($657,000) for the Central
17 Library located within the Central City North Redevelopment Project Area (collectively, referred to
18 herein as the "City Funded Improvements"); and
19 WHEREAS, the Central Police Department building, the Carousel Mall, the Agency owned
20 201 North "E" Street building, wherein certain City Departments are tenants including the Code
21 Enforcement Department and the Parks and Recreation Department, and the Central Library are
22 centrally located facilities servicing all residents of the City with various City functions, and retail,
23 business and commercial functions, which includes servicing the residents, workers and business
24 owners within the State College, the Northwest, the Tri City, and the Southeast Industrial Park
25 Redevelopment Project Areas (collectively, referred to herein as the "Benefited Project Areas"); and
26 WHEREAS, each of the aforementioned Benefited Project Areas are generally contiguous or
27 in close proximity to the Central City Merged Redevelopment Project Area and the Central City
28 North Redevelopment Project Area, and the Central City Merged Redevelopment Project Area and
2
P:\Agendas\Resohrtions\Resolutions\JOO8\06-30-08 EDA Budget FY 07-08 - Amendment No.2 Reso B.doc
1 the Central City North Redevelopment Project Area serve the commercial, retail, City services and
2 other community needs of each of the Benefited Project Areas as to those functions that cannot be
3 provided separately within each of the Benefited Project Areas; and
4 WHEREAS, the Project Areas are suffering from stagnant property values and impaired
5 investments, and in order to promote the City's health, safety and welfare, it is important that the
6 Agency fund the costs of the aforementioned City Funded Improvements; and
7 WHEREAS, in connection with the funding of the City Funded Improvements, it is proposed
8 that the Agency shall utilize revenues attributable to the Benefited Project Areas as follows: (1)
9 State College Redevelopment Project Area ($640,000); (2) Southeast Industrial Park
10 Redevelopment Project Area ($640,000); (3) Tri City Redevelopment Project Area ($150,050); and,
11 (4) Northwest Redevelopment Project Area ($150,050); and
12 WHEREAS, it is appropriate at this time for the Commission to make certain fmdings and
13 determinations and take certain actions with respect to the Agency's funding of the City Funded
14 Improvements.
15 NOW, THEREFORE, THE COMMUNITY DEVELOPMENT COMMISSION OF THE
16 CITY OF SAN BERNARDINO DOES HEREBY RESOLVE, DETERMINE AND ORDER, AS
17 FOLLOWS:
18
Section 1.
The Recitals hereinabove are true and correct and are incorporated herein by
19 this reference.
20
Section 2.
The Commission hereby approves the payment by the Agency of the City
21 Funded Improvements in order to ensure the economic enhancements and stability of the Benefited
22 Project Areas and other neighborhoods with the City for the reasons set forth in the Recitals
23 hereinabove. The Commission also finds and determines that no other reasonable means of
24 fmancing the City Funded Improvements is presently available to the Agency and the City, and the
25 Agency requires the use of revenues generated from the Benefited Project Areas, and the
26 Commission further finds that the funding of the City Funded Improvements will enhance the
27 viability in the Benefited Project Areas thereby eliminating existing blighted conditions in the
28 Benefited Project Areas, provide the residents, workers and businesses with City services, and retail,
3
P:\Asendu\Resolutions\llelOlutions\2008\06-30-08 EDABudget FY 07-08 - Amendment No.2 Reso B.doe
1 business, commercial and other community services from within the Central City Merged
2 Redevelopment Project Area and the Central City North Redevelopment Project Area to the
3 Benefited Project Areas and the residents and businesses located therein and is consistent with the
4 Implementation Plan adopted pursuant to Section 33490 of the Act.
The Agency Secretary is hereby authorized and directed to cause this
5
Section 3.
6 Resolution to be transmitted to the City for consideration in connection with appropriate action by
7 that body.
The fmdings and determinations herein shall be final and conclusive. This
8
Section 4.
9 Resolution shall become effective immediately upon its adoption.
10 II
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26 II
27 II
28 II
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P:\Agendu\Resolutions\Relo1utiona\2008\06-30-08 EDA Budget FY 07-08. Amendment No. 21leso B.doc
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RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF
THE CITY OF SAN BERNARDINO, CALIFORNIA, AUTHORIZING THE
FUNDING OF VARIOUS CITY OF SAN BERNARDINO FISCAL YEAR 2007-
2008 PUBLIC IMPROVEMENT EXPENDITURES AND MAKING FINDINGS
AND DETERMINATIONS AS TO THE BENEFIT TO THE VARIOUS
REDEVELOPMENT PROJECT AREAS FOR UNDERTAKING PUBLIC
IMPROVEMENTS THROUGH PRIOR CITY EXPENDITURES
2
3
4
5
6 I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the Community
7 Development Commission of the City of San Bernardino at a
meeting
, 2008, by the following vote to wit:
Navs
Abstain
Absent
18
Secretary
19 The foregoing Resolution is hereby approved this
day of
,2008.
20
21
22
23
24 Approved as to Form:
25 By: \ ~.MJ-
26 ~Agency Co~l
27
28
Patrick J. Morris, Chairperson
Community Development Commission
of the City of San Bernardino
5
P:\AgendaslResolutions\RclOlutions\2008\06-30-08 EDA Budget FY 07-08 - Amendment No.2 R.eso B.doc
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RESOLUTION NO.
RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY
OF SAN BERNARDINO, CALIFORNIA, AUTHORIZING THE FUNDING OF
VARIOUS CITY OF SAN BERNARDINO FISCAL YEAR 2007-2008 PUBLIC
IMPROVEMENT EXPENDITURES AND MAKING FINDINGS AND
DETERMINATIONS AS TO THE BENEFIT TO THE VARIOUS
REDEVELOPMENT PROJECT AREAS FOR UNDERTAKING PUBLIC
IMPROVEMENTS THROUGH PRIOR CITY EXPENDITURES
WHEREAS, the City of San Bernardino, California (the "City"), is a municipal corporation
8 and a charter city duly created and existing pursuant to the Constitution and the laws of the State of
9 California; and
10 WHEREAS, the Community Development Commission of the City of San Bernardino (the
11 "Commission") on behalf of the Redevelopment Agency of the City of San Bernardino (the
12 "Agency"), is a redevelopment agency, a public body, corporate and politic of the State of
13 California, organized and existing pursuant to the Community Redevelopment Law (part 1 of
14 Division 24 commencing with Section 33000) of the Health and Safety Code of the State 0
15 California (the "Act"); and
16 WHEREAS, pursuant to Section 33445 of the Act, the Agency may, with the consent of the
17 Mayor and Common Council of the City (the "Council"), pay all or a part of the cost of installation
18 and construction of any building, facility, structure or other improvement which is publicly owned
19 either within or without the boundaries of a redevelopment project area if the Council determines:
20 (1) that such buildings, facilities, structures or other improvements are of benefit to the
21 redevelopment project area or the immediate neighborhood in which the project is located,
22 regardless of whether such improvement is within another project area, or in the case of the project
23 area in which substantially all the land is publicly owned, that the improvement is of benefit to an
24 adjacent project area of the Agency; (2) that no other reasonable means of financing such buildings,
25 facilities, structures or other improvements is available to the community, and such determination
26 by the Commission and the Council shall be final and conclusive; and, (3) that the payment of funds
27 for the cost of the facilities, structures or other improvements will assist in the elimination of one
28 (1) or more blighted conditions inside the project area; and
1
P:\AgeDdas\ResoIutions\Resolutions\200S\()6..]()"()8 EDA Budget FY 07..()8. Amendment No.2 MCC Reso C.doc
1 WHEREAS, the Council and the Commission have previously approved and adopted
2 Redevelopment Plans (collectively, hereinafter referred to as the "Redevelopment Plans") for
3 various redevelopment project areas within the City, which project areas include: State College,
4 Central City North, Southeast Industrial Park, Northwest, Tri City, and Central City Merged
5 Redevelopment Project Areas; and
6 WHEREAS, it is in the interest of the present landowners within the various project areas
7 subject to the Redevelopment Plans (the "Project Areas") and the residents, both within the Project
8 Areas and within the City generally, that the Agency cause the funding of certain improvements
9 consisting of: (I) the Agency payment of the COP debt service payment for the Central Police
10 Department building ($493,100) within the Central City North Redevelopment Project Area; (2)
11 payment of certain security costs in the form of contractual committed police officers related to the
12 Carousel Mall ($267,100) within the Central City Merged Redevelopment Project Area; (3)
13 elimination of all rent payments to the Agency otherwise due and payable from the City for those
14 City Departments that are tenants in the Agency owned office building located at 201 North "E"
15 Street ($162,900) within the Central City Merged Redevelopment Project Area; and, (4) the Agency
16 payment of the Central Library Lease Revenue debt service payment ($657,000) for the Central
17 Library located within the Central City North Redevelopment Project Area (collectively, referred to
18 herein as the "City Funded Improvements"); and
19 WHEREAS, the Central Police Department building, the Carousel Mall, the Agency owned
20 201 North "E" Street building, wherein certain City Departments including the Code Enforcement
21 Department and the Parks and Recreation Department, and the Central Library are centrally located
22 facilities servicing all residents of the City with various City functions, and retail, business and
23 commercial functions, which includes servicing the residents, workers and business owners within
24 the State College, the Northwest, the Tri City, and the Southeast Industrial Park Redevelopment
25 Project Areas (collectively, referred to herein as the "Benefited Project Areas"); and
26 WHEREAS, each of the aforementioned Benefited Project Areas are generally contiguous or
27 in proximity to the Central City Merged Redevelopment Project Area and the Central City North
28 Redevelopment Project Area, and the Central City Merged Redevelopment Project Area and the
2
P:\Agendu\ResolutionJ\ResoIutiona\2008\06-30-08 IDA Budget FY 07-08 - Amendment No.2 MCC Reso C.doc
1 Central City North Redevelopment Project Area serve the commercial, retail, City services and
2 other community needs of each of the Benefited Project Areas as to those functions that cannot be
3 provided separately within each of the Benefited Project Areas; and
4 WHEREAS, the Project Areas are suffering from stagnant property values and impaired
5 investments, and in order to promote the City's health, safety and welfare, it is important that the
6 Agency fund the costs of the aforementioned City Funded Improvements; and
7 WHEREAS, in connection with the funding of the City Funded Improvements, it is proposed
8 that the Agency shall utilize revenues attributable to the Benefited Project Areas as follows: (1)
9 State College Redevelopment Project Area ($640,000); (2) Southeast Industrial Park
10 Redevelopment Project Area ($640,000); (3) Tri City Redevelopment Project Area ($150,050); and,
11 (4) Northwest Redevelopment Project Area ($150,050); and
12 WHEREAS, it is appropriate at this time for the Council to make certain findings and
13 determinations and take certain actions and grant a certain consent with respect to the Agency's
14 funding of the City Funded Improvements.
15 NOW, THEREFORE, IT IS HEREBY RESOLVED, DETERMINED AND ORDERED BY
16 THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO, AS
17 FOLLOWS:
18
Section 1.
The Recitals hereinabove are true and correct and are incorporated herein by
19 this reference.
20
Section 2.
The Council hereby consents to the payment by the Agency of the City
21 Funded Improvements in order to ensure the economic enhancements and stability of the Benefited
22 Project Areas and other neighborhoods with the City for the reasons set forth in the Recitals
23 hereinabove. The Council also finds and determines that no other reasonable means of financing the
24 City Funded Improvements is presently available to the Agency and the City, and the Agency
25 requires the use of revenues generated from the Benefited Project Areas, and the Council further
26 finds that the funding of the City Funded Improvements will enhance the viability in the Benefited
27 Project Areas thereby eliminating existing blighted conditions in the Benefited Project Areas,
28 provide the residents, workers and businesses with City services, and retail, business, commercial
3
P:\AgendaslResolutiODslResolutionl\2008\06-30-0B EDABudget FY 07-08 - Amendment No.2 MCC Reso C,doc
1 and other community services from within the Central City Merged Redevelopment Project Area
2 and the Central City North Redevelopment Project Area to the Benefited Project Areas and the
3 residents and businesses located therein and is consistent with the Implementation Plan adopted
4 pursuant to Section 33490 of the Act.
5
Section 3.
The City Clerk is hereby authorized and directed to cause this Resolution to
6 be transmitted to the Agency for consideration in connection with appropriate action by that body.
7
Section 4.
The fmdings and determinations herein shall be final and conclusive. This
8 Resolution shall take effect upon its adoption and execution in the manner as required by the City
9 Charter.
10 II
11 II
12 II
13 II
14 II
15 II
16 II
17 II
18 II
19 II
20 /I
21 II
22 II
23 II
24 II
25 II
26 II
27 II
28 II
4
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RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY
OF SAN BERNARDINO, CALIFORNIA, AUTHORIZING THE FUNDING OF
VARIOUS CITY OF SAN BERNARDINO FISCAL YEAR 2007-2008 PUBLIC
IMPROVEMENT EXPENDITURES AND MAKING FINDINGS AND
DETERMINATIONS AS TO THE BENEFIT TO THE VARIOUS
REDEVELOPMENT PROJECT AREAS FOR UNDERTAKING PUBLIC
IMPROVEMENTS THROUGH PRIOR CITY EXPENDITURES
1
2
3
4
5
6 I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the Mayor and
7 Common Council of the City of San Bernardino at a
meeting thereof,
, 2008, by the following vote to wit:
Navs
Abstain
Absent
Rachel G. Clark, City Clerk
19
20 The foregoing Resolution is hereby approved this
21
22
23
day of
,2008.
Patrick J. Morris, Mayor
City of San Bernardino
24 Approved as to Form:
25
26 By:
James F. Penman, City Attorney
27
28
5
P:\Agendas\Resolutions\Resolutions\2008\06-30-08 EDABudpt FY 07"()8. Amendment No.2 Mec Reso C.doe