06/05/2001 RA RPTS 04 - Laserfiche WebLink

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CITY OF RIVERSIDE REDEVELOPMENT AGENCY MEMORANDUM Honorable Mayor & Agency Members Date: June 5, 2001 Item No.: Subject: Approval and Transmittal of Documents related to the Proposed Amendment to the Casa Blanca Redevelopmerit Plan Background The processing of a third amendment to the Casa Blanca Redevelopment Plan, which commenced in the fall of 2000, is nearing completion. In order to complete the project amendment process, the Agency and City Council are required to hold a joint public hearing on the Amended and Restated Redevelopment Plan CRedevelopment Plan") and Negative Declaration. On April 17, 2001, the Agency and the City Council agreed to set the date and time for the joint public hearing to consider the amendment at 2:00 p.m. on June 5, 2001. The proposed amendment is administrative in nature and does not propose to change the boundaries of the Casa Blanca Project Area, or change the policy direction of the Plan. Specifically, the amendment would change the deadline by which the Agency must incur debt from the current deadline of 2004 to 2014, would extend the Agency's eminent domain authority for an additional 12 years, and would update the Redevelopment Plan Map to reflect the current General Plan. Current Issue Prior to opening the public hearing, the Agency is required to consider a resolution concerning a report that was prepared by consultants and staff on its behaE The report summarizes the key elements of the plan adoption process, provides an overview of the entire redevelopment planning process and provides detailed information concerning the blight that remains in the Casa Blanca Project Area. Copies of this report, which is referred to as the Report to City Council, were previously provided to the Development Committee, and have been included as attachments to the staff report on the joint public hearing scheduled for later today. In accordance with the CRL, the Agency is to consider approval of the Report to Council and then make a formal submission of this report to the City Council. In addition, the Agency is required to find that, based on the substantial evidence included in the Report to City Council, significant blight still remains within the Casa Blanca Project Area. All three findings, which need to occur before the opening of the public hearing, are included in the enclosed resolution for the Agency's consideration. Because in Riverside, the Redevelopment Agency and the City Council are comprised of the same members, the action of approving and transmitting the Report to City Council is accomplished by this transmittal. Fiscal Impact There is no direct financial impact associated with this particular action.