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HomeMy WebLinkAbout93-081 CC Resolution RESOLUTION NO. 93-81 A RESOLUTION OF THE CITY COUNCM OF THE CITY OF TEMIECULA AMENDING THE EXPENDITURE OF TAX INCREMENT FUNDS OF THE REDEVELOPMENT AGENCY FOR THE CONSTRUCTION OF A SENIOR CITIZEN CENTER IN A REDEVELOPM[ENT AREA. THE CITY COUNCIL OF THE CITY OF TEMECULA DOES HEREBY RESOLVE AS FOLLOWS: Section 1. The City Council of the City of Temecula hereby finds, determines and declares as follows: A. The City of Temecula is constructing a senior center located on a 2.75 acre site, northeast of the center line of Mercedes Street, in Redevelopment Project No. 1-1988 redevelopment area. The Temecula Redevelopment Agency will be financing one million, five hundred thousand dollars ($1,500,000) of the cost of the project from the proceeds of redevelopment bonds, which it has issued, the debt service on which will be paid from tax increment funds received by the Agency; B. The Senior Center and all of the associated improvements being constructed regarding the center are of benefit to the project area in that they will provide an essential service to the residents of the area not presently available and provide an aesthetic improvement to the area; C. No other reasonable means of financing the proposed senior center are available, and if tax increment funds are not used to help finance the cost of construction, available funds will be insufficient to complete the project; D. The redevelopment plan for Redevelopment Project No. 1-1988 redevelopment area provides for the installation and construction of public facilities which benefit the area; E. A public hearing in substantial compliance with the requirements of California Health and Safety Code Section 33679 has been held, a notice has been published in a newspaper of general circulation in the community for at least two successive weeks prior to the Public Hearing. Section 2. Based upon the foregoing, the City Council of the City of Temecula hereby determines that the senior center is necessary for the benefit of the Redevelopment Project No. 1-1988 redevelopment area and that the proposed contribution to its financing is the only reasonable means available to insure its completion. The City Council does hereby approve contribution of one million, five hundred thousand dollars ($1,500,000) of tax increment funding to construction of a senior center in the Redevelopment Project No. 1-1988 redevelopment area. Resos 93-81 Section 3. The City Clerk shall certify to the adoption of this resolution. APPROVED AND ADOPTED this 28th day of September, 1993. - 4 ",/@ -/ J.@ Muiloz, Ma@r Al'. EST: '@un@@. Greek, City Clerk [SEAL] STATE OF CALIFORNIA) COUNTY OF RIVERSIDE) SS CITY OF TEMECULA) 1, June S. Greek, City Clerk of the City of Temecula, California, do hereby certify that the foregoing Resolution 93-81 was duly adopted at a regular meeting of the City Council of the City of Temecula on the 28th day of September, 1993, by the following roll call vote: AYES: 5 COUNCILMEMBERS: Birdsall, Parks, Roberts, Stone, Mufioz NOES: 0 COUNCILMEMBERS: None ABSENT: 0 COUNCILMEMBERS: None LJ66 S. Greek, City Clerk Resos 93-81