HomeMy WebLinkAboutResolution No. 94-R69RESOLUTION NO. 94-R69
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
CENTRAL BUSINESS DISTRICT REDEVELOPMENT
PROJECT
WHEREAS, the City Council of the City of Azusa previously
adopted the original Redevelopment Plan for the Central Business
District Redevelopment Project, (the "Redevelopment Project") by
Ordinance No. 2062, and subsequently adopted First Amendment to the
Redevelopment Plan for the Azusa Central Business District
Redevelopment Plan by Ordinance No. 2077, Second Amendment to the
Redevelopment Plan for the Azusa Central Business District
Redevelopment Plan by Ordinance No. 2113, Third Amendment to the
Redevelopment Plan for the Azusa Central Business District
Redevelopment Plan by Ordinance No. 2197, Fourth Amendment to the
Redevelopment Plan for the Azusa Central Business District
Redevelopment Plan by Ordinance No. 2249, and Fifth Amendment to
the Redevelopment Plan for the Azusa Central Business District
Redevelopment Plan by Ordinance No. 2250, copies of which documents
are 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 sea. 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
WHEREAS, the Project Area territory under the
Redevelopment Plan as amended by Amendments No. 1 through 4 is
subject to a time limit for establishing loans, advances, and
indebtedness which extends to December 17, 2004, which time limit
is longer than that allowed by law; and
WHEREAS, the Project Area territory added by Amendment
No. 5 to the Redevelopment Plan is subject to a time limit which
extends to December 17, 2004, which time limit is less than 20
years from the adoption of Amendment No. 5 and therefore
permissible under the 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 September 18, 2013, which
is less than the maximum allowed under the statute; and
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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 September 18, 2013.
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 January 1, 2004, for the Project Area
territory under the Redevelopment Plan as amended by Amendments No.
1 to 4 and clarify that the time limit for establishing loans,
advances, and indebtedness for the Project Area territory added by
Amendment No. 5 to the Redevelopment Plan shall remain December 17,
2004, provided that these limits 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 Redevelopment Plan to clarify that the
redevelopment activities must cease on September 18, 2013, as
currently provided in the Redevelopment Plan.
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 5 th day of December, 1994.
Cha�irm n
ATTEST;?
`"Secr ary
TO FORM:
cy Attorney
I HEREBY CERTIFY that the foregoing Resolution No. 94-R69
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:
NOES:
ABSENT:
DIRECTORS:
DIRECTORS:
DIRECTORS:
HARDISON,
ALEXANDER
NONE
MADRID, NARANJO, BEEBE