TITLE
Recommendation to adopt resolutions authorizing making certain findings regarding the construction of certain public improvements with funds from the West Beach and Downtown Redevelopment Project Areas. (Districts 1,2)
DISCUSSION
In cooperation with affected developers, downtown stakeholders, and City staff, the Redevelopment Agency (Agency) has prepared an Open Space Master Plan for The Promenade (Master Plan). The Master Plan lays out the design for more than three blocks of The Promenade from Ocean Boulevard to the north side of Third Street, and includes public art, seating, lighting, landscaping, water features, and renovation of the amphitheater at the northeast corner of The Promenade and First Street. In addition to financial contributions from developers along The Promenade, the Agency has secured a grant from the Metropolitan Transportation Authority (MT A) and allocated Redevelopment funds for the construction of The Promenade improvements to ensure the improvements achieve the level and quality envisioned by the Master Plan (Exhibit A).
California Redevelopment Law provides that the Agency may,. with the consent of the City Council, pay for public improvements that are publicly owned either within or outside of a redevelopment project area if the City Council determines all of the following:
· That the construction of such public improvements are of benefit to the redevelopment project area or the immediate neighborhood in which the public improvement project is located;
· That no other reasonable means of financing the public improvements are available to the community; and
· That the payment of Agency funds for the construction of the public improvements will assist in the elimination of one or more blighting conditions within the project area.
Resolutions making the necessary findings regarding the construction of these public improvements with redevelopment funds from the Downtown and West Beach Redevelopment Project Areas are attach...
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