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HomeMy WebLinkAboutRES 98-27RESOLUTION NO. 98_27 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DIAMOND BAR AUTHORIZING PAYMENT BY THE DIAMOND BAR REDEVELOPMENT AGENCY FOR PART OF THE COST OF THE INSTALLATION AND CONSTRUCTION OF IMPROVEMENTS TO A LIBRARY OWNED BY THE COUNTY OF LOS ANGELES THE CITY COUNCIL OF THE CITY OF DIAMOND BAR HEREBY FINDS, DETERMINES, RESOLVES AND ORDERS AS FOLLOWS: Section 1. The County of Los Angeles is making improvements to the Los Angeles County Public Library -Diamond Bar, located at 1061 South Grand, Diamond Bar, California (the "Library"). The improvements include the construction of a new roof, replacement of the air conditioning system, conversion of the lighting system for energy savings, the installation of carpet and tile, the refurbishment of the circulation desk, information desk and counters, the repair or replacement of exterior signs, and the replacement of interior ceiling tiles (the "Improvements"). Due to budget constraints of the County and City and pursuant to provisions of the Community Redevelopment Law (California Health and Safety Code Section 33000, et seg.), and in particular Section 33445 and Section 33679 thereof, the Diamond Bar Redevelopment Agency (the "Agency") proposes to pay for part of the cost of the installation and construction of the Improvements. The portion of the cost of the Improvements allocated to the Agency initially will be paid by the City and will be reimbursed by the Agency pursuant to the Agreement for Payment of Tax Increment Revenues for Library Improvements by and among the Agency, the City of Diamond Bar and the County of Los Angeles, attached hereto as Exhibit A (the "Agreement"). Section 2. Following notice duly given, the City Council and the Agency have held a public hearing pursuant to California Health and Safety Code Section 33679, on the payment by the Agency for part of the cost of the installation and construction of the Improvements. Section 3. The Library serves the residents and taxpayers of the City, including the Diamond Bar Economic Revitalization Area (the "Project Area"). The Redevelopment Plan for the Project Area and the accompanying Report to City Council document, and the City Council has determined, that the Project Area is an area in which the combination of blighting conditions is so prevalent and so substantial that it causes a reduction of and lack of proper utilization of the area to such an extent that it constitutes a serious physical and economic burden on the community which cannot reasonably be expected to be reversed or 980122 10572-00001 gp 1673144 1 98 -'?7 alleviated by private enterprise or governmental action, or both, without redevelopment. For example, the Project Area is characterized by inadequate public improvements, depreciated and stagnant property values, impaired investments, high business vacancies, and low lease rates. The installation and construction of the proposed improvements to the Library serve a basic purpose of redevelopment, which includes the provision of structures as may be appropriate or necessary in the interest of the general welfare. The installation and construction of the proposed improvements will assist in the elimination of conditions of blight within the Project Area which are caused by inadequate public improvements and adverse economic conditions. The provision of the Library improvements will help provide a pedestrian -friendly environment for the predominately commercial and retail properties in the Project Area, which will encourage business patronage and thereby assist in stimulating the revitalization of the Project Area through private sector activity in the Project Area. Section 4. Due to budget constraints of the City and the County of Los Angeles, a portion of the cost of the Improvements has been allocated to the Agency. The County Board of Supervisors has found that unless a portion of the cost of the Improvements is allocated to the Agency, no other reasonable means of financing the total cost of the installation and construction of the Improvements is available to the County. Except for the moneys advanced by the City and to be reimbursed by the Agency pursuant to the Agreement, no moneys of the City are available to pay for the cost of the Improvements. The budget constraints of the City prevent the City from financing the installation and construction of the Improvements by any means. Traditional methods of financing, such as the issuance of general obligation bonds by the City, are unavailable as a practical matter because of the extraordinary majority voter approval requirements of two-thirds of the electorate. Special taxes also require a two-thirds vote of the electorate. Assessment financing is subject to a majority protest and may not be an appropriate method of financing a facility having the general benefits associated with a public library. Section 5. The City Council hereby finds and determines that based upon the foregoing and other information presented to the City Council: (i) the installation and construction of the proposed Improvements will be of benefit to the Project Area and to the immediate neighborhood in which the project is located; (ii) no other reasonable means of financing the installation and construction of the Improvements is available to the City or County; and (iii) the payment of funds for the installation and construction of the Improvements will 980122 10572-00001 gp 1673144 1 - 2 - 98-27 assist in the elimination of blighting conditions inside the Project Area by remedying the lack of adequate public improvements, which in turn will encourage private sector investment in the Project Area and thereby assist in remedying adverse economic blighting conditions in the Project Area such as depreciated and stagnant property values, impaired investments, high business vacancies, and low lease rates, and is consistent with the Agency's implementation plan adopted pursuant to Health and Safety Code Section 33490. Section 6. The Agreement attached hereto as Exhibit A is hereby approved. The Mayor is hereby authorized and directed, for and in the name and on behalf of the City, to execute and deliver the Agreement in substantially the form hereby approved, with such additions or changes as the City may approve, such approval to be conclusively evidenced by her execution and delivery thereof. Section 7. The City Council hereby authorizes and approves payment by the Agency for part of the cost of the installation and construction of the Improvements pursuant to the Agreement from any revenues of the Agency lawfully available therefor. PASSED, APPROVED and ADOPTED this Sth day of . 1998. AYES: Ansari, Huff, O'Connor, MPT/Chang, M/Herrera NOES: None ABSENT:None ABSTAIN: None Attest: Ly d ^Burgess, City Clerk 960122 10572-OOCO1 gp 1673144 1 3 Carol Herrera, Mayor 98-27