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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />RESOLUTION NO. 909 <br />A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF <br />RIVERSIDE, CALIFORNIA, ADOPTING FINDINGS PURSUANT TO <br />HEALTH & SAFETY CODE SECTION 33445 AND AUTHORIZING <br />EXECUTION OF A REIMBURSEMENT AGREEMENT FOR REPAYMENT <br />OF COSTS FOR PUBLICLY OWNED PROJECTS WITHIN THE <br />DOWNTOWN/AIRPORT INDUSTRIAL AND HUNTER PARK/NORTHSIDE <br />REDEVELOPMENT PROJECT AREA FOR THE IMPROVEMENTS AT REID <br />PARK. <br />WHEREAS, the Redevelopment Agency of the City of Riverside, California ("Agency") <br />desires and intends to reimburse to the City of Riverside ("City") the costs related to the <br />construction of a restroom/concession building, baseball fields, playgrounds, parking lots, tennis <br />courts and associated improvements at Reid Park ("Improvements") within the <br />Downtown/Airport Industrial and Hunter Park/Northside Redevelopment Project Area (the <br />"Project Area"); and <br />WHEREAS, Health and Safety Code Section 33445 provides that the Agency may, with <br />the consent of the legislative body, pay all or part of the value of the land for, and the cost of the <br />installation and construction of, any building, facility, structure, or other improvement that is <br />publicly owned either within or without the Project Area, and <br />WHEREAS, the Improvements will reduce blight in the Project Area and its surrounding <br />neighborhoods; and <br />WHEREAS, the Improvements will enhance a public recreational facility in the Project <br />Area and promote the health, safety and welfare of the community; and <br />WHEREAS, the legislative body of the Agency has consented to the Agency's <br />reimbursing the City for the cost of the Improvements; and <br />WHEREAS, the Agency, with consent of the legislative body, desires to reimburse the <br />City the cost for the Improvements as described in this resolution. <br />NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency of the City of <br />Riverside that staff is hereby authorized to reimburse the City of Riverside for the costs for <br />1 <br />