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<br />1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <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 />RESOLUTION NO. 863 <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 />LA SIERRNARLANZA REDEVELOPMENT PROJECT AREA CONSISTING <br />OF LANDSCAPING AND CONSTRUCTION OF THE PIERCE GATEWAY <br />PROJECT IMPROVEMENTS TO THE STATE ROUTE 91 PIERCE STREET <br />OFF-RAMP. <br /> <br />WHEREAS, the Redevelopment Agency of the City of Riverside, California ("Agency") <br />desires and intends to pay the cost for the construction and installation of public improvements <br />consisting of gateway enhancements to be installed at the eastbound Pierce Street off-ramp from <br />State Route 91 freeway ("Improvements") within the La SierraJAr1anza Redevelopment Project <br />Area (the "Project Area"); and <br />WHEREAS. Health and Safety Code Section 33445 provides that the Agency may, with <br />the consent of the legislative body, pay all or part of the value of the land for, and the cost of the <br /> <br />installation and construction of, any building, facility, structure, or other improvements that is <br />publicly owned either within or without the Project Area; and <br />WHEREAS, the Improvements will consist of landscaping and replacement of two <br />overhead freeway signs approaching the eastbound off-ramp to identify Riverwalk Parkway; and <br />WHEREAS, the Improvements will reduce blight in the Project Area and its surrounding <br />neighborhoods; and <br />WHEREAS, the Improvements will create a positive image, promoting the attraction of <br />quality business development and economic growth, and promote the health, safety and welfare <br />of the community; and <br />WHEREAS, the legislative body of the Agency has consented to the Agency's payinent <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 />NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency of the City of <br />Riverside as follows: <br /> <br />1 <br />