HomeMy WebLinkAboutResolution No. 04-C470 0
RESOLUTION NO. -04-C47
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA
MAKING CERTAIN FINDINGS UNDER HEALTH AND SAFETY CODE
SECTION 33445 WITH RESPECT TO THE USE OF REDEVELOPMENT
AGENCY FUNDS FOR THE SIGNAGE IMPROVEMENTS TO THE
PROPERTY LOCATED AT 347 N. SAN GABRIEL BLVD
WHEREAS, the City of Azusa is pursuing grant funding for signage improvements on
the property located at 347 N. San Gabriel Blvd; and
WHEREAS, the City desires to replace and improve substandard signage to the property;
and
WHEREAS, the improvements to the signage include not only replacement costs but
related removal cost to the existing sign and archiving costs; and
WHEREAS, the Agency intends to use redevelopment funds to pay for signage
improvement costs; and
WHEREAS, the property is located near the Agency's Merged Redevelopment Project
Area; and
WHEREAS, with the consent of the City Council and subject to the Council's ability to
make certain findings more particularly hereinafter set forth, the Agency is authorized by Health
and Safety Code Section 33445 to use the redevelopment funds in the manner described in the
preceding recital.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Azusa as
follows:
Section 1. Based on the information made available in the staff report accompanying
this Resolution, the oral presentation of staff, and such other written and oral evidence as
presented to the City Council, the City Council hereby makes the following findings pursuant to
Health and Safety Code Section 33445 witl respect to the Agency's obligation to use
redevelopment funds for the signage improvement costs for the property located at 347 N. San
Gabriel:
1. That the project will be a benefit to the Agency's Merged Redevelopment Project
Area, because it will eliminate substandard conditions.
2. That there are no other reasonable means of financing the project, in that the
amount of financial resources available from the property owner for the Project are
limited and there are no federal or other public or private funds available to finance the
public improvements associated with the signage.
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3. The Agency's payment of redevelopment funds for certain signage improvement
costs will assist in the elimination of substandard signage conditions within the Project
Area, in that it will provide a new sign to the business to encourage daytime and
nighttime dining for individuals in the Project Area, improve the aesthetic appearance of
the Project Area, and lead to greater pride of property ownership and maintenance
practices of the residents in the Project Area, which will likely increase property values in
and surrounding the Project Area.
Section 2. The Agency's payment of redevelopment funds for the new sign is
consistent with the Implementation Plan that the Agency has previously adopted for the Project
Area pursuant to Section 33490 of the California Health and Safety Code.
Section 3. The City Manager and the Executive Director is hereby authorized, with
the concurrence of the City Attorney, to take such further actions and execute such other
agreements as may be necessary or appropriate in administering the actions authorized by this
Resolution.
Section 4. This Resolution shall become effective upon its adoption.
PASSED AND ADOPTED this 21sT day of June, 2004.
— L", U.,
Mayor Pro -Tem
1 HEREBY CERTIFY that the foregoing resolution was duly adopted by the City of Azusa at a
regular meeting thereof, held on the 21st day of June, 2004.
AYES:
COUNCIL MEMBERS:
HARDISON, STANFORD, CHAGNON, ROCHA
NOES:
COUNCIL MEMBERS:
NONE
ABSTAIN:
COUNCIL MEMBERS:
NONE
ABSENT:
COUNCIL MEMBERS:
MADRID
City Clerk
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• EXHIBIT A •
ANNUAL APPROPRIATIONS LIMIT CALCULATION
FOR FISCAL YEAR 2004/05
Inflation Factor selected higher of the following):
Growth in the
3.28%
State
1.0328 Factor
California per
Department of
capita personal
Finance
income
Growth in the
10.34%
HdL Coren &
1.1034 Factor
Selected for
non-residential
Cone
Calculation
assessed
valuation due to
new
construction
within the Cit
Population Factor selected higher of the following):
City
2.18%
State
1.0218 Factor
Selected for
Department of
Calculation
Finance
County
1.35%
State
1.0135 Factor
Department of
Finance
Annual Limits Calculation:
Appropriations Limit for FY 2003/04:
Adjustment factors for Fiscal Year 2004/05:
Inflation Factor(A) Population Factor(B)
1.1034 1.0218
Combined Factor(A times B)
1.12745412
Adjustment for inflation and population:
$28,172,593
X.12745412
$ 3,590,713
Appropriations Limit for Fiscal Year 2004/05: $31.763.306
• EXHIBIT B •
APPROPRIATIONS SUBJECT TO THE ANNUAL LIMIT
FOR FISCAL YEAR 2004/05
A. PROCEEDS OF TAXES
Prepared by R. Jars
U:\WPROCCORRESPO\AGENDA\GANNLImicReso.doc
Property Tax $ 2,418,682
Non -Property Tax 8,297,588
Licenses and Permits 2,119,086
Intergovernmental Revenues 2,910,273
TOTAL PROCEEDS OF TAXES
$15,745,629
B.
EXCLUSION
0
C.
NET INVESTED PROCEEDS OF TAXES
$15,745,629
D.
INTEREST ALLOCATION
362,543
E.
APPROPRIATIONS SUBJECT TO LIMIT
$16.108,172
F.
APPROPRIATIONS LIMIT FOR FY 2004/05 (EXHIBIT A)
531.763.306
G.
FY 2004/05 APPROPRIATIONS OVER (UNDER) LIMIT
($15,655,1341
Prepared by R. Jars
U:\WPROCCORRESPO\AGENDA\GANNLImicReso.doc