2010-044-Adopting Findings Required By California Health And Safety Code Section 33445 Authorizing Allocation Of Redevelopment Agency Funds To The New Library BuildingRESOLUTION 2010-044
RESOLUTION OF THE TOWN COUNCIL/ItEDEVELOPMENT AGENCY
OF THE TOWN OF LOS GATOS
ADOPTING FINDINGS REQUIRED BY CALIFORNIA HEALTH
AND SAFETY CODE SECTION 33445 AUTHORIZING
ALLOCATION OF RDA FUNDS TO THE NEW LIBRARY BUILDING
WHEREAS, on April 7, 2008 the Town of Los Gatos approved the construction of a
new library located within the boundaries of the Agency's project area; and
WHEREAS, the use of funds from a proposed future RDA tax increment financing was
anticipated to fund, in part ($14.0 million), the $18.3 million dollar new library project; and
WHEREAS, the new library will provide civic, cultural enrichment, and an increase to
the quality of life to downtown project area residents and visitors; and
WHEREAS, Section 33445 of the California Health and Safety Code require the Town
of Los Gatos Redevelopment Agency to make certain findings in order for RDA monies to fund
improvements to publicly owned properly. These findings include:
1. The Project will be of benefit to the area or immediate neighborhood governed by
the Downtown Redevelopment Project Area:
2. The Town of Los Gatos has no reasonable means of fnancing the library project
except tluough obtaining some funds from the Agency: and
3. The Project will assist in the elimination of one or more blighting conditions
adjacent to the Downtown Redevelopment Project Area, and is consistent with
Agency's Redeveloprent Plan; and
WHEREAS, Section 33679 of the California Health and Safety Code requires that, prior
to the Agency committing to use tax increment for the library project that the Town Council hold
a public hearing regarding such use of tax increment, and that notice be published with respect to
such public hearing in a newspaper of general circulation in the conununity for at least two
successive weeks prior to the public hearing; and
WHEREAS, such notice has been published for two successive weeks prior to the
hearing in Los Gatos Weekly, a newspaper of general circulation within the Town; and
WHEREAS, the new Town of Los library will provide essential civic, cultural and
quality of life services the Dow~rtown RDA project area; and
WHEREAS, the Town of Los Gatos has no other reasonable means of undesignated
fimds to finance these improvements; and
WHEREAS, the only funding available to undertake this portion of the library project is
fiom the Redevelopment Agency funds.
NOW, THEREFORE, BE IT RESOLVED that the Town Council/Redevelopment
Agency of the Town of Los Gatos adopts the findings required by the California Health and
Safety Code Section 33445.
PASSED AND ADOPTED at a regular meeting of the Town Council/Redevelopment
Agency of the Town of Los Gatos, California, held on the 3rd day of May, 2010 by the following
vote:
AYES: Joe Pirzynski, Steve Rice, Barbara Spector, Mike Wasserman and Mayor Diane McNutt
NAYS:
ABSENT:
ABSTAIN:
SIGNED: ~A ~J'
a ~~~ /s'`ON~
MAYOR/CHAIR OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
AT ST` (J~~-
CLE DMINISTRATOR/SECRETARY OP THE REDEVELOPMENT AGENCY
TOWN OP LOS GATOS
LOS GATOS, CALIFORNIA