2004 RES R-34-04 - Laserfiche WebLink

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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 Section 2. The City Engineer has recommended to the Agency that the following public improvement projects situated inside or of benefit to the Rancho Mill Redevelopment Project Area be installed and constructed at the earliest feasible time: Description of Public Improvements Projects Estimated Cost 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. 6" Street from Hanna to Acacia $ 24,538 5. Pennsylvania from Citrus to Johnston $ 40,765 6. 7th Street from Olive to Oak $ 18,753 7. "B" Street and 7th (Curb, Handicap ramp only) $ 10,000 8. Olive Street from Rail Road Tracks to 7th $ 32,292 9. Oak from 7th Street to La Cadena $ 37,240 10. Citrus Street from Pennsylvania to Bryn Mar Court $51,412 11. 2 to 1 Matching Home Beautification Program $50,000 Total $500,000 Each of the public improvement projects generally identified in subparagraphs (1) through (11) above, are referred in this Resolution individually as a "Public Improvement Project". A more detailed description of each Public Improvement Project is on file with the Agency Secretary. The City Council acknowledges that the estimated cost of each Public Improvement Project set forth in the right-hand column of the preceding sub -paragraphs is preliminary in nature and is subject to further refinement and confirmation by the Agency, following completion of public works contract bid documents and specifications authorized and 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 recommendation of the citizen advisory committee for the Rancho Mill Redevelopment Project Area relating to the Public Improvement Projects and that the Planning Commission has in accordance with the provisions of Government Code Section 65401 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 construction of public improvements is identified in the 2000-2004 Implementation Plan for the Rancho Mill Redevelopment Project Area as potential capital improvement project improvement projects, which may be undertaken using the tax increment revenues of the Agency within the next five (5) years as part of the redevelopment program to accomplish the redevelopment of the Rancho Mill Redevelopment Project Area and therefore, such projects are consistent with the Implementation Plan. 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 Rancho Mill Loan, to pay for the cost of each of the Public Improvement Projects will assist in the elimination of one or more blighting conditions within the Rancho Mill Redevelopment Project Area, as set forth in the Redevelopment Plan. Section 5. The City Council further finds and determines that no other reasonable means of financing the installation and construction of any of the Public Improvement Projects are available to the community other than the proceeds of the Rancho Mill Projects K