Resolution - 9070RESOLUTION NO. 9070
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF WEST COVINA MAKING CERTAIN FINDINGS WITH
RESPECT TO THE USE OF AGENCY TAX INCREMENT
FUNDS FOR THE PURPOSES OF CONSTRUCTION OF
PUBLIC IMPROVEMENTS
WHEREAS, the West Covina Redevelopment Agency (the "Agency") is a community
redevelopment agency organized and existing under the Community Redevelopment Law, Health
and Safety Code Section 33000 et sue.; and
WHEREAS, the City Council of the City of West Covina (the "City Council") adopted
the Redevelopment Plan for the Central Business District Redevelopment Project area (the
"CBD" Project area) on December 20, 1971 by Ordinance No. 1180, as amended by Ordinance
No. 1342, Ordinance No. 1481 and Ordinance No. 1657, and as said plan was merged with the
Eastland Redevelopment Project area and amended by the City Council on December 21, 1993
by Ordinance No. 1928 (the "Project' area); and
WHEREAS, the West Covina Redevelopment Agency is engaged in activities necessary
and appropriate to carry out such Redevelopment Plan for the Project area; and
WHEREAS, Section 33445 of the California Community Redevelopment Law (Health
and Safety Code Section 33000, el e=.) authorizes a redevelopment agency, with the consent
of the legislative body, to pay all or part of the cost of the installation and construction of any
building, facility, structure, or other improvement which is publicly owned either within or
without the project area upon certain findings; and
WHEREAS, the Agency proposes to fund a portion of the cost of improvements in the
public right-of-way located on Vincent Avenue, between the I-10 Freeway and West Covina
Parkway in the City of West Covina (the "Improvements"); and
WHEREAS, the expenditure of Agency funds for the Improvements is of benefit to the
Project area and the surrounding neighborhoods, and is necessary to effectuate the purposes of
the Project area Redevelopment Plan with benefits including physically and aesthetically
improving Vincent Avenue, thereby eliminating present blighting conditions and enhancing it as
a major corridor which plays a vital role in promoting the activities and economic revitalization
of the Central Business District. The elimination of the turn pocket onto Walnut Creek Parkway
will also assist in eliminating the traffic that impacts the residential neighborhoods directly east
of Glendora Avenue; and
WHEREAS, there are no other reasonable means of financing the cost of the
improvements, as the City has no available funds in its general fund or capital improvement.
accounts which are currently unencumbered or available to pay for these improvements and,
likewise, the Agency has no alternative sources of funding to pay for the costs of the
Improvements; and
WHEREAS, the installation of the Improvements is in furtherance of the purpose of
redevelopment to promote the sound development of blighted areas through the provisions of
• public spaces as may be appropriate or necessary in the interest of the general welfare, allowing
the City to make the necessary and proper improvements which are intended to set a high
standard of development for the West Covina Central. Business District area.
Resolution No. 9070
April 19, 1994
Page Two
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF WEST COVINA
DOES RESOLVE AS FOLLOWS:
Section 1. The City Council finds and determines that Agency's funding of
Improvements is of benefit to the Project area and the surrounding neighborhoods, and is
necessary to effectuate the purposes of the West Covina Project area Redevelopment Plan.
Section 2. The City Council finds and determines that no other means of financing
the Agency's funding of the Improvements are available to the community.
Section 3. The Redevelopment Agency is authorized to pay the costs of the
Improvements.
Section 4. The City Clerk shall certify to the adoption of this Resolution.
APPROVED AND ADOPTED this 19th day of April , 19 94.
ATTEST:
citytlerk
I HEREBY CERTIFY that the foregoing Resolution No. 9070 was duly adopted by
the City Council of the City of West Covina at a regular meeting thereof held on the 19th day
of Aori 1 , 19 44, by the following vote:
AYES: Herfert, McFadden, Wong, Jennings
NOES: None
ABSENT: Manners
ABSTAIN:. None
APPROVED AS TO FORM:
I
XBR1733MU.RESA/94
U
City Clerk