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Resolution Number 87-11-3-2RESOLUTION NO. 87-11-3-2 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JUAN CAPISTRANO, CALIFORNIA, DETERMINING THAT THE CONSTRUCTION OF CERTAIN PUBLIC FACILITIES IS OF BENEFIT TO THE CENTRAL REDEVELOPMENT PROJECT AND THE IMMEDIATE NEIGHBORHOOD IN WHICH THE PROJECT IS LOCATED AND DETERMINING THAT THERE ARE NO OTHER REASONABLE MEANS OF FINANCING SAID PUBLIC IMPROVEMENTS 283 WHEREAS, the San Juan Capistrano Redevelopment Agency (the "Agency") is authorized to carry out the redevelopment of the Central Redevelopment Project Area (the "Project"); and, WHEREAS, the Redevelopment Plan for the Project Area authorizes and directs the Agency to pay all or part of the value of the acquisition and construction of public improvements, which are enumerated in materials referenced in the Redevelopment Plan and which include the construction of the Public Improvement identified in Exhibit "A" attached hereto and incorporated herein by reference ("Public Improvements"); and, WHEREAS, the Agency desires to contribute toward the reconstruction of the Public Improvements; and, WHEREAS, California Health and Safety Code Section 33445 provides that the redevelopment agency may, with the consent of the legislative body, pay all or part of the value of public buildings, facilities, structures or other improvements upon a finding that such public improvements are of benefit to the Project Area or the immediate neighborhood in which the Project is located and that there is no other reasonable means of financing such public improvements available for the community; and, WHEREAS, without the direct financial participation by the Agency, there are insufficient resources available for the reconstruction of the Public Improvements; and, WHEREAS, the Public Improvements is a facility used by and of benefit to persons residing in the Project Area; and, NOW, THEREFORE, the City Council of the City of San Juan Capistrano does hereby resolve as follows: SECTION 1. The City Council hereby determines that the reconstruction of the Public Improvements will be of benefit to the Project Area and the surrounding area neighborhood in which the Project is located. SECTION 2. The City Council further determines that there are no other reasonable means for financing the reconstruction of the Public Improvements without having the Agency pay all or part of the value of such reconstruction. -1- 284 SECTION 3. The City Council consents to the execution by the Agency of the Agreement, and the payment by the Agency of the "Agency Amount" as defined in and pursuant to such Agreement, This resolution does not constitute authorization for the expenditure of City funds. PASSED, APPROVED, AND ADOPTED this of November , 1987. ATTEST: 3rd day ANTHONY L. r ND, MAYOR STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss CITY OF SAN JUAN CAPISTRANO ) I, MARY ANN HANOVER, City Clerk of the City of San Juan Capistrano, California, DO HEREBY CERTIFY that the foregoing is a true and correct copy of Resolution No. 87-11-3-2 adopted by the City Council of the City of San Juan Capistrano, California, at a regular meeting thereof held on the 3rd day of November , 1987, by the following vote: AYES: Councilmen Schwartze, Friess, Buchheim, Hausdor£er, and Mayor Bland NOES: None ABSENT: None (SEAL) MARY AN ANOVER, CITY CLERK -2-