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REDEVELOPMENT AGENCY FOR THE CITY OF COLTON For the City Council and Redevelopment Agency Board Meeting of July 18, 2006 ITEM #29 TO: Honorable Mayor and Councilmembers Honorable Chairperson and Boardmembers FROM: Candace E. Cassel, Economic Development Director SUBJECT: Consideration and Approval of City Resolution and Agency Resolution No. 853 Making Findings Pursuant to Health and Safety Code Section 33445 and Consenting to the Use and Payment of Tax Increment Funds for the Acquisition, Installation and Construction of Various Public Improvements Which Benefit the Rancho Mill Redevelopment Project Area. DATE: BACKGROUND June 8, 2006 On September 16, 2003, the City Council and Redevelopment Agency Board adopted Resolution No R-100-03 and 819, respectively, authorizing a Promissory Note between the City of Colton and the Agency in the amount of $500,000. This Note enables the Agency to proceed with redevelopment activities in the Rancho Mill Project Area. Specific projects were identified and prioritized by the Citizens Advisory Committee (CAC) and the City's Engineering Department at the final CAC meeting held on January 13, 2004. The Agency adopted Resolution 822 on February 3, 2004 prioritizing the public improvements to be constructed. After approval of Agency Resolution 822, prioritizing the projects, another project was identified for inclusion: installation of curbs, gutters and sidewalks on the north side of Citrus Street from Pennsylvania Avenue to Bryn Mar Court. The City's DRC (Design Review Committee) reviewed the additional public improvement on March 15, 2004. The Planning Commission approved Resolution No. R-05-04 on March 23, 2004, confirming that the improvement is consistent with the City's General Plan. City Council approved Resolution No. 826 which amends Agency Resolution No. 822 to add said location to the list of prioritized public improvement projects which benefit the Rancho Mill Project Area. The following is the list of improvements identified by the CAC and approved by the Agency Board: 1 . Landscape Improvements at Mill Street and Rancho $50,000 2. Landscape Improvements at C Street and Rancho $20,000 3. Traffic Signalization at Citrus and Rancho $165,000 Curbs, Gutters, Sidewalks and Drainage on: 4. 61h Street from Hanna to Acacia $24,538 5. Pennsylvania from Citrus to Johnston $40,765 6. 7 th Street from Olive to Oak $18,753 7. "B" Street and 7 th (Curb, Handicap ramp only) $10,000 8. Olive Street from Rail Road Tracks to 7 th $32,292 9. Oak from 7"' Street to La Cadena $37,240