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" . community which constitute either physical. social or economic liabilities, requiring redevelopment in the interest of the health. safety and general welfare of the people of the community. Through the redevelopment of the Project Area and the allocation of taxes to the District, and for the purposes set forth in the Agreement, benefits will accrue to all of the inhabitants and property owners of the community. in that the public access to the District's capital facilities provided the community will not be adversely affected by the direct or indirect activities of the redevelopment program. The Agreement provides for protection of these facilities, and promotes the sound development and redevelopment of blighted areas and the general welfare of the inhabitants of the community, by providing for the remedy of such injurious blighting conditions through the employment of all appropriate means of the Agency, while alleviating the potentially adverse impacts on the District. Section 33445 of the Health and Safety Code provides that the Agency may. with the consent of the City Council, pay all or part of the value of land for and the cost of the installation and construction of any building, facility, structure. or other improvement which is publicly owned. either within or without the Project Area. if the City Council determines a) that the buildings. facilities, structures, or other improvements are of benefit to the Project Area or the immediate neighborhood in which the project is located. regardless of whether the improvement is within another project area; and b) that no other reasonable means of financing such buildings, facilities, structures or other improvements are available to the community. . As stated herein, the Eligible Capital Improvements as provided for in the Agreement are of benefit to the Project Area. In addition. although there have been identified several financial vehicles which would have the potential of financing the Eligible Capital Improvements. there exist significant constraints and/or restrictions which make these vehicles an infeasible and/or insufficient means for the financing of these buildings, facilities, structures or other improvements by the community. The Agreement provides a viable approach for the District to continue to operate the District's facilities in the City, and to establish new general education community college facilities in the community, under specific conditions of the Agreement. WIthout the Agreement, the District would be unable to provide such facilities, and as such the intent of the City's redevelopment program could be adversely affected. The Agreement conforms with the intent and purpose of the Redevelopment Plan and the purpose, the declaration of State policy, and the requirements of the California Community Redevelopment Law, as has been substantiated herein. 1130..ccd.mbk -. D- 11/30192 . C.2 Page 14 of 14