2000 RES R-26-00 - Laserfiche WebLink

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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 to further refinement and confirmation by the City and the Agency upon completion of the public contract bid documents and specifications described in Section 7 of this Resolution at such time as the work of improvement of each specific Public Improvement Project may be commenced. Section 3. The City Council hereby acknowledges that the Planning Commission has also considered the March 14, 2000 recommendation of the citizen advisory committee for the Mt. Vernon Corridor Redevelopment Project relating to the Public Improvement Projects and that the Planning Commission has in accordance with the provisions of Government Code Section 65401 and 65402 submitted its report to the City Council and the Agency which indicates that the acquisition and installation of each Public Improvement Project is consistent with the General Plan of the City of Colton. Section 4. The City Council hereby finds and determines that each Public Improvement Project has also been identified in the 1999 Implementation Plan for the Mt. Vernon Corridor Redevelopment Project as potential capital improvement projects, which may be undertaken using the tax increment revenues of the Agency, including the available balance of the Mt. Vernon Corridor Bond Account, within the next five (5) years as part of the redevelopment program to accomplish the redevelopment of the Mt. Vernon Corridor Redevelopment Project. The City Council further finds and determines that the use and application of the tax increment revenues of the Agency, including the available balance of funds of the Mt. Vernon Corridor Bond Account, to pay COLT/0001/DOC/296 11/18/99 1:15 jmw - 4 -