HomeMy WebLinkAboutRDA Reso No 2011-001RESOLUTION NO. 2011-001
RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
LAKE ELSINORE, CALIFORNIA, RESOLUTION APPROVING THE
FUNDING OF THE BOAT LAUNCH PROJECT
WHEREAS, the Redevelopment Agency of the City of Lake Elsinore ("Agency")
is a pubic body, corporate and politic, organized and existing under the Community
Redevelopment Law of the State of California (Cal. Health & Safety Code 33000 et
seq.: "CRL"); and
WHEREAS, the Agency is undertaking activities necessary for the
implementation of the Redevelopment Plan (the "Redevelopment Plan") for the Lake
Elsinore Rancho Laguna Redevelopment Project Area No. I ("Project Area") approved
and adopted by the City Council of the City of Lake Elsinore (the "City Council'), by
Ordinance No. 607 and subsequently amended by Ordinance No. 624, Ordinance No.
987, Ordinance No. 1249 and Ordinance No. 1260; and
WHEREAS; in order to increase the economic, recreational and general public
benefits related to the use and vitality of the Lake Elsinore Campground and Recreation
Area and in furtherance of the goals and objectives of the Redevelopment Plan, the
Agency desires to assist in the funding of a modern boat launch facility at the
Campground (the "Boat Launch Project") by way of the Lake Elsinore Public Financing
Authority Tax Allocation Revenue Bonds (Launch Ramp Project), 2011 Series A, In The
Aggregate Principal Amount Not To Exceed $6,000,000 (the "Bonds").
WHEREAS, the Agency has considered all terms and conditions of the proposed
Boat Launch Project, and has determined that the assistance in funding construction of
Boat Launch Project is in the best interests of the Agency and in accord with the public
purposes and provisions of applicable state and local laws.
NOW, THEREFORE, THE REDEVELOPMENT AGENCY BOARD DOES
HEREBY RESOLVE, DETERMINE, AND ORDER AS FOLLOWS:
SECTION 1. Based on the information presented in the staff report and at the
public hearing, the Agency hereby finds and determines that the financial assistance of
the Boat Launch Project, pursuant to the Bonds, will assist in the elimination of blight
and is necessary to effectuate the purposes of the Redevelopment Plan.
SECTION 2. Based on the information presented in the staff report and at the
public hearing, the Agency hereby finds and determines that the financial assistance for
construction of the Boat Launch Project, in accordance with the terms and provisions of
the Bonds, complies with the Redevelopment and Housing Implementation Plan for
2009-2014 adopted by the Agency pursuant to Section 33490 of the CRL.
Resolution No. 2011-001
Page 2 of 3
SECTION 3. The Agency hereby finds and determines that the Agency's
commitment of Agency funds for the Boat Launch Project is not an "approval" within the
meaning of the word set forth in CEQA Guidelines section 15352 and that the City has
previously conducted a meaningful environment review and adopted a mitigated
negative declaration with respect to the Boat Launch Project.
SECTION 4. The Acting Agency Secretary shall certify to the passage and
adoption of this resolution and the same shall thereupon take effect and be in force.
PASSED, APPROVED AND ADOPTED at a regular meeting of the
Redevelopment Agency of the City of Lake Elsinore, California, this 25th day of January,
2011.
MELISSA LEN EZ OMAN
ATTEST:
ERT BRADY, EXgCUTIVE DIRECTOR
NG AGENCY SECRETARY
AP ROVED TO RM:
BARBARA LEIBOLD, AGENCY GENERAL COUNSEL
Resolution No. 2011-001
Page 3 of 3
STATE OF CALIFORNIA
COUNTY OF RIVERSIDE
CITY OF LAKE ELSINORE }SS
I, ROBERT BRADY, Acting Agency Secretary of the City of Lake Elsinore,
California, hereby certify that Resolution No. 2011-001 was adopted by the
Redevelopment Agency of the City of Lake Elsinore, California, at a regular meeting
held on the 25th day of January 2011, and that the same was adopted by the following
vote:
AYES: BHUTTA, HICKMAN, MAGEE TISDALE AND
CHAIRWOMEN MELENDEZ
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
AOBERT BRADY
ACTING AGENCY SECRETARY