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[Binder Tab No. 16] <br /> <br /> RESOLUTION NO. 626 <br /> <br /> A RESOLUTION OF THE REDEVELOPMENT AGENCY OF <br /> THE CITY OF RIVERSIDE ADOPTING AMENDMENTS TO <br /> THE FIVE-YEAR IMPLEMENTATION PLANS FOR THE <br /> CENTRAL INDUSTRIAL REDEVELOPMENT PROJECT AND <br /> THE SYCAMORE CANYON AND BOX SPRINGS INDUSTRIAL <br /> PARK REDEVELOPMENT PROJECT <br /> <br /> WHEREAS, the Redevelopment Agency of the City of Riverside ("Agency") on <br />December 13, 1994, adopted the Five-Year Implementation Plans for the Central Industrial <br />Redevelopment Project and the Sycamore Canyon and Box Springs Industrial Park Redevelopment <br />Project ("Implementation Plans"); and <br /> <br /> WHEREAS, the Agency proposes to amend the Redevelopment Plans which include <br />the merger of Central Industrial Redevelopment Project and Sycamore Canyon and Box Springs <br />Industrial Park Redevelopment Project ("Amendments") and such amendments, if adopted, would <br />cause change to the Implementation Plans; and <br /> <br /> WHEREAS, Section 33490 of the California Community Redevelopment Law <br />allows the Agency to amend the Implementation Plan after conducting a public hearing on the <br />proposed amendment; and <br /> <br /> WHEREAS, the Agency has prepared amendments to the Implementation Plans <br />("Implementation Plan Amendments") contained in the Agency's Report to City Council on the <br />Amendments; and <br /> <br /> WHEREAS, on June 24, 1997, the Agency held a public hearing on the <br />Implementation Plan Amendments concurrently with the joint public hearing of the Agency and the <br />City Council on the Amendments. <br /> <br /> NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency of the <br />City of Riverside as follows: <br /> <br /> Section 1: The Agency hereby adopts the Implementation Plan Amendments as set <br />forth in Exhibit "A," attached hereto and incorporated herein by this reference. In the event the <br />Amendments to the Redevelopment Plans are not approved and adopted by the City Council, or are <br />invalidated by a court of competent jurisdiction, then this adoption of the Implementation Plan <br />Amendments by the Agency shall be null and void. <br /> <br /> Section 2: Subject to the conditions contained in the second sentence of Section 1, <br />the Executive Director of the Agency is hereby directed to revise the Implementation Plans as <br />described in the Implementation Plan Amendments. <br /> <br /> APPROVED AND ADOPTED this24th day of Jun,e 1997. <br /> <br /> Terri-Thompson, Chairperson f <br /> <br />7374.riv/213 <br />061397/dsw <br /> <br /> <br />