SCH Number 2001081094

Project Info

Title

Proposed Amendments to the Redevelopment Plans for the Agua Mansa, Central Business District, Gateway and Industrial Redevelopment Projects

Description

The need to establish an Amendment has been deemed necessary for the purposes of i) merging the Existing Plans for the purpose of flowing tax increment between Project Areas (merging the Existing Plans will create the "Merged Project Area"), ii) including the Added Territory within the Merged Project Area (hereinafter all references to the Merged Project Area means the Project Areas plus the Added Territory unless stated otherwise), iii) reviewing existing time and fiscal limitations contained within the Existing Plans to determine which limitations, if any, should be amended, and then amend the same, and iv) restating the Existing Plans into a single redevelopment plan (the "Amended Plan") document. The Agency proposes to do this so that it can, subsequent to completion of the Amendment increase its ongoing efforts to implement redevelopment projects and programs designed to: upgrade public facilities and infrastructure, promote and facilitate economic development and job growth, provide additional affordable housing opportunities, and generally improve the quality of life for residents, business and property owners within the parts of the City located in the Project Areas, the Added Territory, and the City of Rialto as a whole. While not proposed as specific projects at this time, these actions are possible activities that may be undertaken over the 30-year effective life of the Amended Plan.

3 documents in project