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RESOLUTION NO. 660 A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF RIVERSIDE APPROVING AND AUTHORIZING TRANSMITTAL OF THE AMENDED AND RESTATED REDEVELOPMENT PLAN AND THE AGENCY'S REPORT FOR THE PROPOSED ARLINGTON REDEVELOPMENT PROJECT, AMENDMENT NO. 2 TO THE RIVERSIDE CITY COUNCIL AND APPROVING THE DELETION OF CERTAIN TERRITORY THEREFROM WHEREAS, the Redevelopment Agency of the City of Riverside (the "Agency") has pre,'pared a Report to City Council ("Report to City Council") on the Amended and Restated Redevelopment Plan (the "Redevelopment Plan") for the proposed Arlington Redevelopment Project, Amendment No. 2 ("Project Area") in compliance with Section 33352 of the California Community Redevelopment Law (Health and Safety Code, Sections 33000, et seq.) (the "CRL"): and WHEREAS, Section 33352 of the CRL states that every redevelopment plan submitted by a redevelopment agency to the legislative body shall be accompanied by such a report; and WHEREAS, CRL Section 33350.5 specifies that a planning commission may change the boundaries of a project area with the approval of an agency; and WHEREAS, the Arlington Redevelopment Project currently consists of the Existing Project Area, as set forth in more detail in the Report to City Council: and WHEREAS, pursuant to the proposed Redevelopment Plan, territory would be added to the Existing Project Area, as set forth in more detail in the Report to City Council (the "Amendment Area"); and WHEREAS, on February 18, 1999 the Riverside Planning Commission approved revised boundaries for the Amendment Area, deleting certain territory that overlaps the boundaries of the Airport Redevelopment Project Area from the proposed Amendment Area and recommended approval of said Redevelopment Plan by Resolution No. 4399: and WHEREAS, the Agency has prepared the proposed Redevelopment Plan for the proposed Project Area in accordance with the various provisions of the CRL related thereto; and WHEREAS, while certain environmental and amendment documents erroneously refer to this proposed amendment as Amendment No. 3, it represents the second amendment to the Arlington Redevel0pment Project, and the final EIR and Amendment documents correctly refer to the proposed amendment as the Arlington Redevelopment Amendment No. 2; and WHEREAS, CRL Section 33333.6(a)(2) requires the Agency to find that significant blight remains in the Existing Project Area, and that the remaining blight cannot be eliminated without the establishment of additional debt; and WHEREAS, with reference to the Existing Project Area, the proposed Redevelopme:at Plan extends the time limit for incurring debt pursuant to CRL Section 33333.6(a)(2), extends the effectiveness of the proposed Redevelopment Plan and extends the date for the payment or receipt of tax increment; and