2007-074 - Resolution Of The Redevelopment Agency Consenting To The Provision Of Public Improvements By The Los Gatos Redevelopment Agency And Making Mandatory Findings In Regards To Capital Projects Provided For In The Los Gatos Redevelopment Agency Fy 2RESOLUTION 2007 -074
RESOLUTION OF THE REDEVELOPMENT AGENCY
CONSENTING TO THE PROVISION OF PUBLIC IMPROVEMENTS BY THE LOS GATOS
REDEVELOPMENT AGENCY AND MAKING MANDATORY FINDINGS IN REGARDS TO
CAPITAL PROJECTS PROVIDED FOR IN THE LOS GATOS REDEVELOPMENT AGENCY
FY 2007/08 OPERATING AND FY's 2007/08 - 2011/12 CAPITAL IMPROVEMENT PLAN
WHEREAS, Section 33445 of the Health and Safety Code requires the local legislative body to
consent to the provision of public improvements by its Redevelopment Agency and make findings: 1) that
the public improvements are of benefit to the project area or the immediate neighborhood of the project
area; 2) that no other reasonable means of financing such public improvements are available to the
community, and; 3) that the Agency's contribution to the cost of the public improvement or facility will
assist in eliminating one or more blighting conditions in the project area, and is consistent with the
Agency's implementation plan adopted pursuant to Section 33490 of the Health and Safety Code, the
( "Implementation Plan "), and
WHEREAS, the Redevelopment Agency's FY 2007/08 - 2011/12 Capital Budget provides
funding for the following projects (the "Projects "): 1) Elm Street Reconstruction; 2) Almond Grove
Rehabilitation Pilot Project; 3) N. Santa Cruz Lighting; 4) S. Santa Cruz/Wood Gateway
WHEREAS, the Projects will be of substantial benefit to the downtown business district and
surrounding areas of the Central Los Gatos Redevelopment Project Area (the "Project Area ") established
pursuant to the 1991 Redevelopment Plan (the "Redevelopment Plan ");
WHEREAS, the Town has limited financial resources for capital improvements and these funds
are committed to other critical infrastructure needs of the Town such as repairing aging streets outside of
the Project Area;
WHEREAS, the Projects have been specifically called for in the Town's Redevelopment Plan and
Implementation Plan; and
WHEREAS, the Downtown infrastructure was initially in a deteriorated condition with broken
pavement, deteriorated streets and alleys, deteriorated sidewalks, and functionally obsolescent, and the
capital projects have helped, and continue to help, eliminate these blighting conditions;
THEREFORE BE IT RESOLVED, that the Town Council of the TOWN OF LOS GATOS does
hereby consent to the provision of funding for the Capital Projects by the Los Gatos Redevelopment
Agency in accordance with the Agency's FY 2007/08 Operating and FY 2007/08 - 2011/12 Capital
Improvement Program budgets totaling adopted revenues of $8,874,790 and expenditures of $6,236,457
(prior to carry- forward appropriations); and
BE IT FURTHER RESOLVED, that the Agency Board hereby finds that the Projects are of
benefit to the Project Area and the immediate neighborhood of the Project Area; and
BE IT FURTHER RESOLVED, that the Agency Board hereby finds that no other reasonable
means of financing such public improvements are available to the community; and
BE IT FURTHER RESOLVED, that the Agency Board hereby finds that the Los Gatos
Redevelopment Agency's contribution to the cost of the public improvements will assist in eliminating
blighting conditions in the Project Area, and is consistent with the Implementation Plan.
BE IT FURTHER RESOLVED, that the Agency Board hereby directs staff that any changes or
impacts resulting from: Council approval of the meet and confer process or management compensation
plan; from classification adjustments or miscellaneous corrections; from changes due to more refined
estimates or grant approvals; or from further Agency Board consensus direction received June 4, 2007, be
incorporated within the final FY 2007/08 Operating and Capital Budget.
PASSED AND ADOPTED at a regular meeting of the Redevelopment Agency of the Town of
Los Gatos held the 4th day of June, 2007, by the following vote:
REDEVELOPMENT AGENCY MEMBERS:
AYES: Steve Glickman, Diane McNutt, Barbara Spector, Mike Wasserman, and Mayor Joe
Pirzynski
NAYS: None
ABSENT:
ABSTAIN:
SIGNED:_— .
CHAIR OF THE REDEVELOPMENT AGENCY
TOWN OF LOS GATOS, CALIFORNIA
ATTEST:
SE T RY OF THE REDEVELOPMENT AGENCY
TO F LOS GATOS, CALIFORNIA