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RESOLUTION NO. 766 A RESOLUTION OF INTENTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF RIVERSIDE FOR THE REMOVAL OF CERTAIN TERRITORY FROM THE LA SIERRMARLANZA REDEVELOPMENT PROJECT AND APPROVING THE TRANSMITTAL OF NOTIFICATION OF SUCH REMOVAL TO AFFECTED PUBLIC AGENCIES WHEREAS, the Redevelopment Plan (the "Plan") for the La Sierra/Arlanza Redevelopment Project (the "Project") was adopted on July 13, 2004, pursuant to Ordinance No. 6730 of the City Council of the City of Riverside (the "City Council"); and WHEREAS, Section 33450 of the Community Redevelopment Law (Health and Safety Code § 33000 et seq.; the "CRL") authorizes amendments to a redevelopment plan; and WHEREAS, the Redevelopment Agency of the City of Riverside (the "Agency") desires to consider amending the Plan for the Project; and WHEREAS, the Agency desires to provide written notification to various affected public agencies of such proposed amendment. 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 declares its intention to consider removing certain territory from the Redevelopment Plan for the La Sierra/Arlanza Redevelopment. Section 2: The Agency hereby reaffirms that the property tax rolls last equalized on August 20, 2003, will remain the base year roll for the Plan. Section 3: The Agency hereby authorizes the transmittal of written notification of such intended amendment to various affected public agencies. Section 4: The findings and determinations set forth herein shall be deemed final and conclusive.