HomeMy WebLinkAboutResolutions - No. RDA2000-01RESOLUTION NO. RDA2000-01
A RESOLUTION OF THE LODI CITY COUNCIL APPROVING THE
FEASIBILITY STUDY FOR THE PROPOSED LODI
REDEVELOPMENT PROJECT AREA
WHEREAS, the Lodi City Council established the Lodi Redevelopment Agency
on July 7, 1999; and
WHEREAS, the City Council approved the boundaries for a Redevelopment
Survey Area in February 2000; and
WHEREAS, City staff in conjunction with the Consultants, selected the Survey
Area based on the need for redevelopment assistance; and
WHEREAS, the designation of the survey area is very important because the
final project area for the redevelopment plan must be within the boundaries of the survey
area, and may not include property that is outside the Survey Area; and
WHEREAS, the adopted Lodi Survey Area comprises of approximately 1,432
acres of commercial, industrial, and residential land uses, and also consists of rights-of-
way (primarily roadways) that are primarily located north of Kettleman Lane, south of
Turner Road, east of Hutchins Street and west of Commerce Street in the City of Lodi;
and
WHEREAS, the Feasibility Report evaluates the opportunities and constraints of
establishing a redevelopment project in the City of Lodi. It recommends boundaries for
the proposed Lodi Redevelopment Project Area, evaluates the area's eligibility for
redevelopment, proposed improvement projects and assesses financial feasibility; and
WHEREAS, The Feasibility Report describes the reasons for selection of the
Recommended Project Area, the existing adverse physical and economic conditions in
the Recommended Project Area, and the proposed projects and activities for the
proposed Redevelopment Plan. The Feasibility Report also provides a preliminary
assessment of financing methods and economic feasibility of the proposed
Redevelopment Project. Finally, the report outlines the steps that the City would
undertake in order to adopt the Redevelopment Plan, and provides a preliminary
schedule; and
WHEREAS, a primary purpose in conducting this study is to identify the speck
boundaries of the survey area that are eligible for inclusion in a project area. The
recommended project area boundary was developed based on a review of background
information, extensive field reconnaissance surveys and examination of maps and aerial
photographs. The Project Area recommended by the staff/consultant team
encompasses approximately 1,138 acres of commercial, industrial and residential land
uses; and
WHEREAS, the report provides a preliminary estimate of tax increment revenues
that the proposed Project Area would generate and evaluates the financial feasibility of
the Redevelopment Plan.
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Lodi
hereby approves the Feasibility Report for the Proposed Lodi Redevelopment Project
Area.
Dated: June 7, 2000
I hereby certify that Resolution No. RDA2000-01 was passed and adopted by the
Members of the Redevelopment Agency in a regular meeting held June 7, 2000 by the
following vote:
AYES: MEMBERS — Land, Pennino and Mann (Mayor)
NOES: MEMBERS — Hitchcock and Nakanishi
ABSENT: MEMBERS — None
ABSTAIN: MEMBERS — None %
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Stephen J. Mann, Chair
ROA2000-01