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1 REOIIUTION NO, col <br />A RESOLUTION OF THE REDEVELOPMENT ACxENY OF THE CITY OF <br />RIVERSIDE, OALIFORNIA, ADOPTINCr FINI~INCxS PURSUANT TO <br />~ HEALTH SAFETY BODE SECTION X3445 ANI~ AUTHORI~Il~C <br />PAINT COSTS FOR PBI~IL~ OwNEi~ PROJECTS THE <br />~ ARI1IN~xTON REDEVELOPIViENT PROJECT AREA FOR IlV1PROVEENT ~ONISTIN OF THE OLOSIJRE OF A DRNEwAY APPROAOH AT SAD <br />Il~DIANA AVENUE l l STORE}, <br />~7 WHEREAS, the Redevelopment Agency of the pity of Riverside, California ~"Agency}} <br />desires and intends to pay the cost for the construction and installation of public irnpravements <br />g consisting of the closure of a driveway approach at ~7~3 Indiana Avenue ~"Improvements"~ <br />l~ within the Arlington l~edeveloprnent Project Area {the "Project Area"}; and <br />l l WHEREAS, Health and Safety bode Section 3445 provides that the Agency may, with <br />l2 the consent of the legislative body, pay all or part of the value of the land for, and the cost of the <br />l installation and constructlan of, any building, facility, structure, or other improvements that is <br />14 publicly owned either within or without the Project Area; and <br />l5 WHEREAS, the Irnproven~ents will reduce blight in the Project Area and its surrounding <br />ld neighborhoods and <br />17 'WHEREAS, the hmprovements will provide a more efficient ingress and egress onto <br />l subject site, improve traffic circulation on adjacent local streets, provide for access control to <br />19 adjacent parcels, provide safe and efficient traffic flow and promote the health, safety and <br />welfare of the community; and <br />21 wI~REAS, the legislative body of the Agency has consented to the Agency's payment <br />of the cost of construct~an and Installation of the Improvements; and <br />~ WHEREAS, the Agency, with consent of the legislative body, desires to pay the cost for <br />~4 construction and lnstalXatlon of the Improvements as described ~n this resolut~an, <br />~ NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency of the pity of <br />riverside as follows 2~ <br />Section 1. That the Improvements will be of beneft to the Project Area in that they will <br />27 <br />provide a mare efficient ingress and egress onto subject site, improve traffic circulation on <br />~8 <br />i <br />11 1 <br />