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I I I 2 RESOLUTION NO. 784 A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF RIVERSIDE, CALIFORNIA, ADOPTING CERTAIN FINDINGS REGARDING THE CONSTRUCTION AND INSTALLATION OF PUBLIC IMPROVEMENTS, WHICH ARE OF BENEFIT TO THE ARLINGTON REDEVELOPMENT PROJECT AREA. 3 4 5 WHEREAS, the Redevelopment Agency of the City of Riverside, California ("Agency") 6 desires and intends to pay for the construction and installation of public improvements consisting of 7 front and side yard property walls along a portion of Monroe Street within the Arlington Redevelopment 8 Project (the "Project Area"); and 9 WHEREAS, the lack of coordination in front and side yard walls and fences along this 10 portion of Monroe Street in the Project Area creates an aesthetic and visual blight and serves as a II deterrent to the economic health of local businesses and the residential neighborhoods in the Project 12 Area, thereby constituting economic blight; and 13 WHEREAS, the Monroe Street Improvements will create a coordinated and aesthetically 14 pleasing appearance along this portion on the street in conjunction with a new residential development 15 on the south side of Monroe Street, which will improve the visual appearance of this neighborhood 16 within the Arlington Project Area thereby benefitting the Project Area; and 17 WHEREAS, the Monroe Street Improvements are anticipated to enhance and promote the 18 revitalization of the surrounding residential neighborhood in the Project Area; and 19 WHEREAS, Health and Safety Code Section 33445 provides that the Agency may, with the 20 consent of the legislative body, pay all or part of the value ofthe land for, and the cost of the installation 21 and construction of, any building, facility, structure, or other improvements that is publicly owned either 22 within or without the Project Area. 23 NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency of the City of 24 Riverside as follows: 25 Section 1. That the Monroe Street Improvements will be of benefit to the Project Area in that 26 it will assist in removing a visual blight, create a unified and enhanced street scene, promote and 27 enhance the revitalization of residential neighborhoods and businesses surrounding this neighborhood