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HomeMy WebLinkAboutRES NO RA9-03RESOLUTION NO. RA 1 03 A RESOLUTION OF THE BAKERSFIELD REDEVELOPMENT AGENCY REQUESTING THAT THE CITY OF BAKERSFIELD AMEND THE DOWNTOWN REDEVELOPMENT PLAN WHEREAS, the City of Bakersfield ( "City ") duly adopted the Downtown Redevelopment Project and Plan (the "Redevelopment Plan ") on August 14, 1972, amended November 25, 1974, August 30, 1976, and December 12, 1979; and WHEREAS, the Bakersfield Redevelopment Agency ( "Agency ") is charged with the implementation the Redevlopment Plan; and WHEREAS, the current language of the Plan prevents the Agency from incurring debt for the Plan after January 1, 2004; and WHEREAS, pursuant to Health and Safety Code Section 33333.6, the City may amend the Plan to eliminate this limitation on incurring debt; and WHEREAS, the redevelopment of the area encompassed by the Plan is not yet complete and the Agency anticipates that substantial additional efforts to redevelop the Plan's area could be funded by incurring additional debt. follows: NOW, THEREFORE, BE IT RESOLVED by the Bakersfield Redevelopment Agency as SECTION 1. The above recitals, incorporated herein, are true and correct and constitutes findings of the Agency. SECTION 2. The Agency hereby requests that the City act to adopt an ordinance, pursuant to Health and Safety Code Section 33333.6, amending the Downtown Redevelopment Plan in order to eliminate the time limit on the incurrence of debt for the Downtown Redevelopment Project. SECTION 3. This Resolution shall be effective immediately upon its adoption. APEIVCY PfifQ(iNAL n HEREBY CERTIFY that the foregoing Resolution was passed and adopted by the Bakersfield Redevelopment Agency at a regular meeting thereof held on October 13, 2003, by the following vote; AYE AGENCYMEMBER MISHOE, COHEN,-D��, MARTINEZ, PRINCE, RAPHAEL, SCHROEDER NOES: ABSTAIN: ABSENT: Cwe/\ b0 rT APPROVED OCT 13 2003 1p\4 �" Bw _ I THOMAS MISHOE Chairperson APPROVED AS TO FORM: BART J. THILTGEN General Counsel BY keeputy CE SCANLAN City Attorney SB211 resol l .doc 2 Lt• SECRETARY of the Bakersfie Redevelopment Agency AG E'VCY ORIGINAL