HomeMy WebLinkAboutMINUTES - 09231997 - C70 Contra
TO: REDEVELOPMENT AGENCY '•� _l Costa
FROM: Phil Batchelor r ' �`�
County,
Executive Director
DATE: September 23, 1997
SUBJECT: Light Industrial Feasibility Study - Oakley Redevelopment Project Area
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
ACCEPT and APPROVE the Light Industrial Feasibility Study and implementation plan for the light
industrial designated portion of the Oakley Redevelopment Project area.
FISCAL IMPACT
No General Fund money will be used on this project. Tax increment revenue from the Oakley
Redevelopment Project Area, Collect and Convey funds, State and Federal funds, and private sector
funds will be used to carry out the project. Tax increment expenditures will be included in adopted Oakley
Project Area budgets.
BACKGROUND/REASONS FOR RECOMMENDATIONS
A major goal of the Oakley Redevelopment Plan is to facilitate economic development, stimulate and
attract private investment, and create employment opportunities for area residents in the Project Area.
The Light Industrial Feasibility Study has been proposed as a first crucial step in promoting economic
development and revitalizing the industrial area from Neroly Road to property east of Live Oak Avenue
and from Main Street to Oakley Road. On June 25, 1996, the Redevelopment Agency authorized the
preparation of the study. The Oakley Municipal Advisory Council(OMAC) recommended acceptance
and approval of this study at their August 11, 1997, meeting.
CONTINUED ON ATTACHMENT: YES SIGNATURE:
_RECOMMENDATION OF EXECUTIVE DIRECTOR COMMENIIATION OF AGENCY
COMMITTEE
APPROVE OTHER
SIGNATURE(S):
ACTION OF
AGENCY ON - 3 - El 9 7 APPROVED AS RECOMMENDED ✓ OTHER_
VOTE OF COMMISSIONERS
I HEREBY CERTIFY THAT THIS IS A
•� UNANIMOUS (ABSENT ) TRUE AND CORRECT COPY OF AN
AYES: NOES: ACTION TAKEN AND ENTERED ON THE
ABSENT: ABSTAIN: MINUTES OF THE REDEVELOPMENT
AGENCY ON THE DATE SHOWN.
Contact: Beth Lee
646-4076 ATTESTED JiAt I,�Q,� a 3. l 9 97
orig: Redevelopment Agency PI4IL BATCHEL R,
cc: Community Development AGENCY SECRETARY
CAO
County Counsel
Auditor-Controller via Redevelopment
ADE (Contractor) "
BY , DEPUTY