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2 3 4 5 11 1 21 RESOLUTION NO. R-31-11 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLTON, CALIFORNIA, CONSENTING TO AND APPROVING THE REDEVELOPMENT AGENCY FOR THE CITY OF COLTON EXPENDING AND PLEDGING TAX INCREMENT REVENUE FROM THE RANCHO/MILL, MT. VERNON CORRIDOR AND WEST VALLEY PROJECT AREAS TO PAY CITY COSTS FOR THE LAUREL STREET GRADE SEPARATION PROJECT AND MAKING RELATED FINDINGS WHEREAS, pursuant to the California Community Redevelopment Law (Health & Safety Code Sections 33000, et seq.) ("CRL"), the City Council ("City Council") of the City of Colton, California ("City"), approved and adopted that certain Redevelopment Plan for the Rancho/Mill Redevelopment Project, on July 5, 1994 ("Rancho/Mill Plan"), that certain Redevelopment Plan for the Mt. Vernon Corridor Redevelopment Project, on June 30, 1987 ("Mt. Vernon Plan"), and that certain Redevelopment Plan for the West Valley Redevelopment Project, on July 15, 1986, as amended by that certain First Amendment to the West Valley Redevelopment Project, on June 30, 1987 ("West Valley Plan"), covering certain geographic areas within the City specified in the respective redevelopment plans (respectively, the "Rancho/Mill Project Area," the "Mount Vernon Project Area" and the "West Valley Project Area," and collectively, the "Project Areas"); and WHEREAS, the Redevelopment Agency for the City of Colton ("Agency") is engaged in activities to implement the Rancho/Mill Plan, the Mt. Vernon Plan and the West Valley Plan; and WHEREAS, the City is proposing to pay certain costs of constructing and installing the "Laurel Street Grade Separation Project" that will provide for Laurel Street, a City owned public street, to cross under the existing Burlington Northern Santa Fe Railroad train tracks located along Laurel Street between Pennsylvania Avenue and La Cadena Drive in the Rancho/Mill Project Area to improve public street traffic operations, improve public safety, including pedestrian safety for students walking to Colton Middle School from the Rancho/Mill and Mt. Vernon Project Areas, reduce train related noise impacts on area residents and reduce air pollutant emissions from both trains and traffic in the Project Areas. WHEREAS, Laurel Street extends from the Rancho/Mill Project into the Mt. Vernon Project Area and the Laurel Street Grade Separation Project is located approximately 1,500 feet from the Mt. Vernon Project Area and approximately 3,000 feet from the West Valley Project Area, such that the improvement of City public street traffic operations and public safety, including pedestrian safety for students walking to Colton Middle School from the Rancho/Mill and Mt. Vernon Project Areas, reduction in train related noise impacts on area residents and reduction in air pollutant emissions from both trains and traffic resulting from the Laurel Street Grade Separation Project will primarily affect and benefit all of the Project Areas; and 23604.09000\5872287.1