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1 RESOLUTION NO. 792 I 2 A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF RIVERSIDE, CALIFORNIA, FINDING AND DETERMINING THE 3 PUBLIC INTEREST AND NECESSITY FOR ACQUIRING AND AUTHORIZING THE CONDEMNATION OF CERTAIN INTERESTS IN 4 CERTAIN REAL PROPERTY LOCATED WITHIN THE DOWNTOWNI AIRPORT REDEVELOPMENT PROJECT AREA. 5 6 WHEREAS, the Secretary for the Redevelopment Agency of the City of Riverside 7 ("Agency") duly noticed the Agency's intention to adopt a resolution of necessity pursuant to 8 California Code of Civil Procedure ~ 1245.235 to acquire certain interests in real property by 9 eminent domain for the purpose described as assemblage and redevelopment of underutilized 10 properties fronting on University Avenue and Lime Street ("Project"); and 11 WHEREAS, a public hearing was held by the Agency on August 8, 2006, at the time and 12 place stated in the Notice of Intention to Adopt Resolution of Necessity, at which time the 13 Agency duly considered the matters to be heard; and I 14 NOW, THEREFORE, BE IT FOUND, RESOLVED, DETERMINED, AND ORDERED 15 by the Redevelopment Agency of the City of Riverside, California, by a vote of not less than two- 16 thirds of its members, as follows: 17 1. The real property interests sought to be acquired are located within the 18 Downtown!Airport Industrial Redevelopment Project Area ("Project Area") in the City and 19 County of Riverside, State of California, and are legally described in the attached Exhibit 'A.'. 20 The interest to be acquired herein is fee simple absolute. A parcel map depicting the general 21 location and dimensions of the interest to be acquired is attached hereto as Exhibit 'B.' Exhibits 22 'A' and 'B' are incorporated herein by this reference ("Subject Property"). 23 2. The Agency is authorized to acquire the Subject Property by exercise of the right 24 of eminent domain pursuant to the California Redevelopment Law (Part 1 of Division 24, Health 25 & Safety Code), including without limitation Health & Safety Code ~ 33391(b), the Eminent I 26 Domain Law commencing with California Code of Civil Procedure ~ 1235.010, Article I Section 27 19 of the Constitution of the State of California, and the United States Constitution. 28