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2. That no other reasonable means of financing the publicly <br />owned improvement is available to the community; and <br />3. That the payment of funds for the cost of the publicly owned <br />improvement is consistent with the Implementation Plan. <br />H. The City finds that the Projects will be of benefit to the merged Project <br />Area as well as benefit the immediate neighborhood and all residents and <br />visitors to the City. This finding is supported by the fact that public <br />improvements in general facilitate the removal of blight and help create a <br />safe, more cohesive and economically dynamic community. Development of <br />library, park and recreational facilities, as well as public parking and open <br />space improvements assist in removal of blight within densely populated <br />neighborhoods currently underserved with these types of amenities. Public <br />safety and street improvements eliminate blight, improve traffic flow, increase <br />the safety of residents, promote job create and promote business attraction <br />and retention. The City, public and business community will significantly <br />benefit from the proposed public facilities on the Schedule of Projects. <br />These public improvements will beautify public streets, promote business, <br />and improve public infrastructure necessary to spur economic revitalization in <br />the Project Area. <br />1. The City determines that it lacks funds to pay for the Projects at this <br />time, and there are no other reasonable means of financing said <br />improvements. It has been difficult for the City, by itself, to provide sufficient <br />funds to support the implementation of major public projects, programs, and <br />activities. The limited resources of the City's General Fund are committed to <br />previously incurred obligations and planned projects. <br />J. The City further finds and determines that the payment of funds for <br />the implementation of the public projects, programs and activities is <br />consistent with the Implementation Plan adopted pursuant to Health and <br />Safety Code Section 33490. <br />K. The City finds that it is in the best interests of the City and the <br />common benefit of residents, employees, business tenants and property <br />owners within the Project Area and the City as a whole for the Projects to be <br />developed and constructed. <br />L. The use of funds in the Agency's low and moderate income housing <br />fund for the Projects located outside of the Project Area can be used in <br />accordance with Section 33334.2 of the CRL because the use of such funds <br />will be of benefit to the Project Area. <br />M. The City Council has received and heard all oral and written <br />Resolution No. 2011-013 <br />Page 3 of 10