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RESOLUTION NO. 943 <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 />PAYMENT OF COSTS FOR PUBLICLY OWNED IMPROVEMENTS <br />WITHIN OR WITHOUT THE ARLINGTON, CASA BLANCA, LA <br />SIERRA /ARLANZA, MAGNOLIA CENTER, MERGED DOWNTOWN/ <br />AIRPORT - HUNTER PARK/NORTHSIDE, AND UNIVERSITY <br />CORRIDOR/SYCAMORE CANYON MERGED REDEVELOPMENT <br />PROJECT AREAS. <br />WHEREAS, the Redevelopment Agency of the City of Riverside, California ( "Agency ") <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 />desires and intends to pay the cost for the construction and installation of public improvements <br />( "Improvements ") within or without the Arlington, Casa Blanca, La Sierra/Arlanza, Magnolia <br />Center, Merged Downtown /Airport Industrial — Hunter Park/Northside, and University <br />Corridor /Sycamore Canyon Merged Redevelopment Project Areas (the "Project Areas "); and <br />WHEREAS, the Improvements are described in Exhibit "A" which is attached hereto and <br />incorporated herein as though set out in full; 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 Areas and in surrounding <br />adjacent neighborhoods; and <br />WHEREAS, the legislative body of the Agency has consented to the Agency's paying the <br />of the cost of the Improvements; and <br />WHEREAS, the Agency, with consent of the legislative body, desires to pay for the cost <br />of the Improvements as described in Exhibit "A" to this resolution. <br />NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency of the City of <br />Riverside that staff is hereby authorized to pay for the costs for construction and installation of <br />Improvements described in this resolution, based on the following findings: <br />