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RESOLUTION NO. 721 A RESOLUTION OF TI-IE REDEVELOPMENT AGENCY OF THE CITY OF RIVERSIDE APPROVING AND TRANSMITTING THE REPORT TO CITY COUNCIL FOR THE PROPOSED AR! YNGTON REDEVELOPMENT PROJECT, AMENDMENT NO. 3, 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 prepared a Report to City Council on the Redevelopment Plan for the proposed Arlington Redevelopment Project, Amendment No. 3 (the "Redevelopment Plan") in compliance with Section 33352 of the California Community Redevelopment Law (Health and Safety Code, Sections 33000, et seq.) (the "CRL"); and WHEREAS, the Agency has prepared the proposed Redevelopment Plan for the proposed Amendment Area in accordance with the various provisions of the CRL related thereto; and WHEREAS, the Riverside Planning Commission (the "Planning Commission") on December 19, 2002, approved the Preliminary Plan for the proposed Amendment and established the boundaries of the proposed Amendment Area; and WHEREAS, on May 22, 2003, at a meeting continued from May 8, 2003, the Planning Commission approved revised boundaries for the proposed Amendment Area, deleting certain territory from the proposed Amendment Area, as shown on the attached map as the "Deletion Area" ("Exhibit A"); and WHEREAS, the removal of the Deletion Area changed the Amendment Area map in the Redevelopment Plan as shown on the attached map ("Exhibit B"); 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. NOW, THEREFORE, BE IT RESOLVED by the Board of the Redevelopment Agency of the City of Riverside, California, as follows: Section 1: The Agency hereby approves the Report to City Council, which includes the Redevelopment Plan, Environmental Impact Report, and the Relocation Method.