2000 AGN APR 04 I15 - Laserfiche WebLink

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REDEVELOPMENT AGENCY FOR THE CITY OF COLTON For the City Council Meeting of April 4, 2000 TO: Honorable Mayor and Councilmembers APPROVAL: Henry Garcia, Executive Direct/ FROM: Robb Steel, Redevelopment Director�' SUBJECT: Consideration and Approval of Proposed Resolution of the City Council 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 Mt. Vernon Corridor Redevelopment Project and Report From Planning Commission Pursuant to Government Code Section 65401 and 65402. DATE: March 27, 2000 Background At the January 18, 2000 Agency Board meeting, the Mt. Vernon Citizens Advisory Committee (the "Committee") presented its recommendations on how approximately $2.8 million of available bond proceeds should be used in the Mt. Vernon Corridor Project Area. The final cost breakdown of the projects recommended for funding by the Committee is attached to the staff report as Exhibit "A", and is summarized as follows: 1. Mt. Vernon Streetscape $1,469,548 2. Residential Curb & Gutters & Sidewalks $ 316,250 3. Residential Lighting $ 13,000 " 4. Commercial Rehab Grants $ 350,000 5. Scenic Drive Fencing $ 24,000 6. Colton Avenue Undergrounding $ 63,000 7. Colton Avenue Bikepath $ 100,000 (Partial) 8. Fairway Street Widening $ 330,438 9. Demolition of Buildings $ 50,000 10. Abandoned Home Acquisition/Rehab $100,000' Estimated Total Cost $ 2,816,236 Note: Exhibit "A" include other projects that were considered for funding by the Committee, but did not receive the necessary support to be one of the projects recommended for funding. Item #15