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<br />ill <br /> <br />I <br /> <br />I <br /> <br />1 <br />2 <br />3 <br />4 <br />5 <br /> <br />RESOLUTION NO. 833 <br /> <br />A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF <br />RIVERSIDE, CALIFORNIA, ADOPTING FINDINGS PURSUANT TO <br />HEALTH & SAFETY CODE SECTION 33445 AND AUTHORIZING <br />PAYMENT OF COSTS FOR PUBLICLY OWNED PROJECTS WITHIN THE <br />MERGED DOWNTOWN/AIRPORT INDUSTRIAL REDEVELOPMENT <br />PROJECT AREA [LOT 33 EXPANSION]. <br /> <br />6 WHEREAS, the Redevelopment Agency of the City of Riverside, California ("Agency") <br /> <br />7 desires and intends to pay the cost for the construction and installation of public improvements <br />8 consisting of the Expansion of Parking Lot 33 ("Improvements") within the Merged <br />9 Downtown! Airport Industrial Redevelopment Project Area (the "Project Area"); and <br />10 WHEREAS, Health and Safety Code Section 33445 provides that the Agency may, with <br />11 the consent of the legislative body, pay all or part of the value of the land for, and the cost of the <br />12 installation and construction of, any building, facility, structure, or other improvement that is <br />13 publicly owned either within or without the Project Area; and <br />14 WHEREAS, the Improvements will consist of the paving and striping of a parking lot <br />15 with 114 parking spaces for use by the general public next to the existing Lot 33; and <br /> <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br /> <br />WHEREAS, the Improvements will reduce blight in the Project Area and its surrounding <br />neighborhoods; and <br />WHEREAS, the Improvements will enhance and promote the revitalization of the Project <br />Area and promote the health, safety and welfare of the community; and <br />WHEREAS, the legislative body of the Agency has consented to the Agency's payment <br />of the cost of construction and installation of the Improvements; and <br />WHEREAS, the Agency, with consent of the legislative body, desires to pay the cost for <br />construction and installation of the Improvements as described in this resolution. <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency of the City of <br /> <br />Riverside as follows: <br /> <br />Section 1. That the Improvements will be of benefit to the Project Area in that they will <br /> <br />enhance and promote revitalization of the Project Area. <br /> <br />1 <br />