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RESOLUTION NO. 619 <br /> <br /> A RESOLUTION OF THE REDEVELOPMENT AGENCY OF <br /> ~ CITY OF RIVERSIDE FINDING THAT SIGNIFICANT <br /> BLIGHT REMAINS WITHIN THE MERGED DOWNTOWN AND <br /> AIRPORT INDUSTRIAL PROJECT AREAS, AND SUCH <br /> BLIGHT CANNOT BE ELIMINATED WITHOUT THE <br /> ESTABLISHMENT OF ADDITIONAL DEBT <br /> <br /> WHEREAS, the Redevelopment Agency of the City of Riverside ("Agency") has <br />proposed amendments to the Amended Redevelopment Plans for the Merged Downtown and Airport <br />Industrial Redevelopment Projects (the "Amendments") to, among other things, extend the debt <br />establishment time limits; and <br /> <br /> WHEREAS, Section 33333.6(a)(2) of the Health and Safety Code allows, by the <br />Amendments of the Amended Redevelopment Plans, an extension of the debt establishment time <br />limitations after the Agency makes a finding based on substantial evidence that: 1) significant blight <br />remains within one or more of the projects; and 2) such blight cannot be eliminated without the <br />establishment of additional debt; and <br /> <br /> WHEREAS, the Agency has provided in Part II of its Report to City Council on the <br />Proposed Amendments to the Amended Redevelopment Plans for the Merged Downtown and Airport <br />Industrial Redevelopment Projects ("Report to City Council") substantial evidence that substantial <br />blight remains in the projects, and substantial evidence that such blight cannot be eliminated without <br />the establishment of additional debt. <br /> <br /> NOW, THEREFORE, THE RIVERSIDE' REDEVELOPMENT AGENCY <br /> DOES HEREBY RESOLVE AS FOLLOWS: <br /> <br /> The Agency hereby finds that, based on substantial evidenced as contained in the <br /> Agency's Report to City Council, incorporated herein by this reference, that significant blight remains <br /> in the Merged Downtown 'and Airport Industrial Redevelopment Project Areas and such blight cannot <br /> be eliminated without the establishment of additional debt. <br /> <br /> APPROVED AND ADOPTED on this 22n~!ay of ,~r~_l ,1997. <br /> <br /> Terri Thompson, Chairperso,~' <br /> ATTEST: <br /> <br /> Soe~r~het~ciOd t~lvedr~iV~leopment Ageny <br /> I, Colleen J. Nicol, Secretary of the Redevelopment Agency of the City of Riverside, <br /> California, do hereby certify that the foregoing Resolution was duly and regularly introduced and <br /> <br /> <br />