1986 CC MIN JUL 01 - Laserfiche WebLink

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.'x �, m',ii � .19+ a A..�.1.r,P�i6M1GPyWt>"r3pSklk>ceviE'Afip 9g#N aMpI �PIpMP "ePlN N.INIIPM Ir r. 'u�m® � .u.F = r 4 N ,wga+r. slunk,« Y „ - i ! � � . e r M wt F'. P. iit a nPi F k!P nP. VP �'# _rz- � � J to e� t #W�Nmflryia _ wrru- �PeF•+AM� f +ts a .=.. w-.vty } Mr. Brice said many of the financing vehicles will be utilized due t%! the great expense of the large number of public improvements needed. The sources listed in the plan are federal and state grants, gas tax funds, sales tax increments, loans from city or other sources, sale of tax allocation bonds and notes, tax exempt financing, i.e., indust- rial development bonds and lease revenue bonds. Mr. Brice said finally, the plan authorizes and requests the cooperation of the City in implenting the project. Mr. Brice stated while the plan authorizes a wide range of activities by the Agency, the plan also con- tains required elements pursuant to Redevelopment Law, for the protection of property owners who have holdings in the project area. The plan requires that if property is acquired, the Agency must provide for relo- cation funds and relocation advisory assistance to the occupants of the property, it must provide a replacement housing unit for every housing unit taken out of the low/moderate-income housing market, and be re- quired to use a portion of tax increment revenue from the project to in- crease or improve the supply of low/moderate-income housing. Mr. Brice stated the plan as proposed will have a duration of 30 years, unless it is extended by an amendment process that, under current law, would take 10 to 12 months and would require further public hearings. O Mr. Brice stated he would now address the Draft Environmental Impact Report (EIR). Mr. Brice said the Draft EIR has been prepared on the Redevelopment Plan which analyzes the potential environmental impact of implementation of plan. Since the project is basically to encourage growth and property improvements, there will be additional human activity CO and commerce over current levels and, as a consequence, it is anticipated that there will be certain impacts on the environment. The purpose of the EIR is identify and quantify the environmental impacts to the level of specificity allowed by the general nature of the Redevelopment Plan. The draft EIR indicates that there are certain activities and actions that may be taken to mitigate possible environmental impacts. Mr. Brice gave the example that additional development would worsen existing flood problems in some cases and the Redevelopment Plan authorizes the Agency to provide the flood improvements. Mitigation measures are included in the draft EIR, however, the increase in activity levels in the project area will generate air quality, water, sewer and flood impacts that may not be fully mitigated. The Agency Staff and Consultants believe that the positive physical, social, and economics elements of the Redevelop- ment Program out -weigh possible environmental impacts and recommend the project be approved as submitted. Mr. Brice said because the draft EIR is general and impacts cannot be identified specifically at this time, the draft EIR requires that future environmental studies be performed on specific projects, if these projects are of such magnitude that the impacts of such were not specifically addressed in the document before the Council and Agency tonight. Mr. Brice said this mechanism will insure a more accurate level of analysis than can be achieved at this time. All comments on the draft EIR and the responses to those comments are included as the final EIR submitted for consideration this evening. Mayor Huntoon asked the Clerk to report on any written communication received in favor the proposed Redevelopment Plan. City Clerk Ramos report she had not received any written communications. Mayor Huntoon stated all persons wishing to speak in favor of the Redev- lopment Plan will now have an opportunity to speak. No one addressed the Council and Agency. Mayor Huntoon asked the City Clerk to read written communication received in opposition to the proposed Redevelopment Plan. City Clerk reported she had not received any communication in opposition. Mayor Huntoon requested all persons wishing to speak in opposition to the proposed Redevelopment Plan, or having questions, to approach the microphone and state their name and address. Mr. Wilford Sklar, 5904 Copperfield Ave., Riverside, said he is an at- torney by profession, however, tonight he is representing his wife and himself as property owners on the east side of Pepper St., south of San JUL 1 1986