HomeMy WebLinkAboutResolution No. 94-R700 0
RESOLUTION NO. 94-R70
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF AZUSA APPROVING AND
SUBMITTING PROPOSED AMENDMENTS TO IMPOSE NEW
PLAN LIMITS ON THE REDEVELOPMENT PLAN FOR THE
RANCH CENTER REDEVELOPMENT PROJECT
WHEREAS, the City Council of the City of Azusa previously
adopted the Redevelopment Plan for the Ranch Center Redevelopment
Project, (the "Redevelopment Project") by Ordinance No. 2402,
copies of which document is on file at the office of the City
Clerk, The City of Azusa, 213 East Foothill Boulevard, Azusa,
California 91702 and at the office of the Agency at the same
address; and
WHEREAS, the Community Redevelopment Agency of the City
of Azusa (the "Agency") is carrying out the redevelopment of the
Redevelopment Project; and
WHEREAS, the California State Legislature in 1993 enacted
Assembly Bill No. 1290 requiring every legislative body having
jurisdiction of a redevelopment agency formed pursuant to the
California Community Redevelopment law to amend, no later than
December 31, 1994, the redevelopment plans applicable to such
agencies in various respects, without complying with the procedural
requirements for amending redevelopment plans as set forth in
section 33450 et seq. of the California Health and Safety Code; and
WHEREAS, the time limit for establishing loans, advances,
and indebtedness is required by Section 33333.6(a) (1) of the
Health and Safety Code to terminate at a date which does not exceed
20 years from the adoption of the plan, or January 1, 2004,
whichever is later, and the Redevelopment Plan is subject to a time
limit which extends to July 17, 2019, which time limit is longer
than that allowed by law; and
WHEREAS, the effectiveness of the Redevelopment Plan is
required by Section 33333.6(b) of the Health and Safety Code to
terminate at a date which does not exceed 40 years from the
adoption of the plan, or January 1, 2009, whichever is later, and
the Redevelopment Plan terminates as of July 17, 2039, which is
longer than the statute allows; and
WHEREAS, Section 33333.6(c) of the Health and Safety Code
authorizes the adoption by the City Council of an ordinance which
permits the Agency to repay its indebtedness over a period which
extends an additional ten (10) years beyond July 17, 2029.
NOW, THEREFORE, BE IT RESOLVED by the Community
Redevelopment Agency of the City of Azusa as follows:
Section 1. The Agency hereby requests that the City
Council adopt an Ordinance amending the Redevelopment Plan for the
Central Business District Redevelopment Project to:
A. As required by Section 33333.6(a) (1) of the Health
and Safety Code, amend the time limit for establishing loans,
advances, and indebtedness to July 17, 2009, provided that this
limit shall not prevent the Agency from incurring debt to be paid
from the Low and Moderate Income Housing Fund or establishing debt
in order to fulfil the Agency's housing obligations under Section
33413 of the Health and Safety Code.
B. Amend the time limit for effectiveness of
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redevelopment activities to July 17, 2029.
C. As permitted by Section 33333.6(c) of the Health and
Safety Code, provide that the Agency is not to pay indebtedness or
receive property taxes in the form of tax increment beyond an
additional ten (10) years from the plan limits of paragraph B
above.
Section 2. That the Secretary shall certify to the
adoption of this Resolution and the same shall there upon take
effect and be in force.
APPROVED AND ADOPTED this 19th day of December, 1994.
Chairman'
AT ST:
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APPROVED AS TO FORM:
/71 1% Z& -
Agency Attorney 15/
I HEREBY CERTIFY that the foregoing Resolution No. 94-R71
was duly adopted by the Board of Directors of the Redevelopment
Agency of the City of Azusa, at a regular meeting thereof,
held on the 5th day of December, 1994, by the following vote
of the Agency.
AYES: DIRECTORS: HARDISON, MADRID, NARANJO, BEEBE
NOES: DIRECTORS: ALEXANDER
ARRRAT• nTDPF MnDO. a,n„n
KI F\2962,
0
HENRY S. BAR BOSA, R C.-
BONIFACIO BONNY GARCIA
DOUGLAS D. BARNES
PETER E. LANG5FELD
JONATHAN B.5TONE
KENNETH T. FONG
AUGUSTIN R. JIMENEZ
RAJEEV M. TALWANI
ALEX M. MOISA
LORIE A. CAMPOS
ERICK L. SOLARES
•A PROVESSIONAL CORPORATION
0 RECEIVED
BARBOSA GARCIA Fd BARNES
A PARTNERSHIP INCLUDING A PROFESSIONAL CORPORATION
ATTORNEYS AT LAW
SUITE 390
500 CITADEL DRIVE
LOS ANGELES, CALIFORNIA 90040-1573
M E M O R A N D U M
VIA FACSIMILE AND U.S. MAIL
TO: Steve Cervantes
FROM: Kenneth T. Fong
DATE: December 12, 1994
RE: Resolution for AB 1290 Plan Limits
DEC 141994
CITY OF- ;,LJSA
HEDEV ELO PM Er0 F FCOUNSEL
JOHN C. FITZG18BON5
NORMAN LIEBERMAN
JOHN F. LAGLE
TELEPHONE
(213) 889-6600
FACSIMILE
(213) 889-6605
I have revised the resolution to include the date change
that Robb Steel requested. If you need anything else, please let me
know.
Enclosure: Revised Resolution
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