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HomeMy WebLinkAboutResolution No. 03-R33• v • RESOLUTION NO. 03-R33 A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA APPROVING AND ADOPTING AN AMENDMENT TO THE FIVE-YEAR IMPLEMENTATION PLAN FOR THE MERGED PROJECT AREA WHEREAS, the City Council of the City of Azusa ("City") approved and adopted a redevelopment plan for the Central Business District Redevelopment Project Area ("CBD Project Area") on September 18, 1978, by Ordinance No. 2062; and approved and adopted a separate redevelopment plan for the West End Redevelopment Project Area ("West End Project Area") on November 7, 1988, by Ordinance No. 2382; and WHEREAS, on November 7, 1988, by Ordinance No. 2382, the City Council adopted the sixth amendment to the redevelopment plan for the CBD Project Area and the first amendment to the West End Project Area which, among other things, merged the CBD Project Area with the West End Project Area creating one merged project area ("Merged Project Area"); and WHEREAS, the Agency has proposed and prepared an eighth amendment to the redevelopment plan for the CBD Project Area and a third amendment to the West End Project Area (together "Amendments") which, among other things, (i) add territory to the Merged Project Area ("Added Territory"); (ii) reinstate the Agency's right to use eminent domain within certain non-residential portions of the Merged Project Area; (iii) redefine the method by which the tax increment limit is calculated and measured for the Merged Project Area; (iv) combine the bond indebtedness limits of the Merged Project Area and the Added Territory; (v) replace the separate redevelopment plans for the CBD Project Area and the West End Project Area with one amended and restated redevelopment plan ("Amended and Restated Redevelopment Plan") applicable to the Merged Project Area; and WHEREAS, in accordance with Community Redevelopment Law (Health and Safety Code Section 33000 et seq.) ("CRL"), the Agency, on December 19, 1994, approved and adopted an implementation plan ("Original Implementation Plan") for the Merged Project Area for the 1995-1999 period; WHEREAS, on June 16, 1997, the Agency reviewed and updated the Original Implementation Plan; and on February 7, 2000, by Resolution No. 00-R4, the Agency approved and adopted an implementation plan ("Current Implementation Plan") for the Merged Project Area for the 2000-2004 period; and WHEREAS, the Current Implementation Plan (i) contains the goals and objectives of the Agency for the Merged Project Area; (ii) identifies programs and expenditures proposed to be made during the five (5) year term of the Current Implementation Plan; (iii) explains how the goals, objectives, programs and expenditures will eliminate blight within the Merged Project Area; and (iv) explains how the Current Implementation Plan will implement the requirements of Sections 33334.2, 33334.4, 33334.6 and 33413 of CRL; and WHEREAS, the Agency has prepared an amendment to the Current Implementation Plan ("Implementation Plan Amendment") which is contained in the Agency's Report to City Council ("Report") on the Amendments and which is attached hereto as Exhibit "A": and WHEREAS, CRL Section 33490 allows the Agency to amend the Current Implementation Plan after conducting a public hearing on the Implementation Plan Amendment; and WHEREAS, on June 30, 2003, the Agency held a public hearing on the Implementation Plan Amendment concurrently with the joint public hearing of the Agency and the City Council on the Amendments. 9 0 NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency of the City of Azusa as follows: Section 1: The Agency's Governing Board hereby approves adopts the Implementation Plan Amendment as set forth in Exhibit "A," attached hereto. In the event the Amendments to the Merged Project Area are not approved and adopted by the City Council, or are invalidated by a court of competent jurisdiction, then the adoption of the Implementation Plan Amendment by the Agency's Governing Board shall be null and void. Section 2: Subject to the conditions contained in the Section 1 of this Resolution, the Agency's Governing Board hereby authorizes and directs the Executive Director of the Agency, or his designee, to carry out the Implementation Plan Amendment. PASSED, APPROVED AND ADOPTED this 15T" day of Se City of Azusa CERTIFICATION 1, Vera Mendoza, City Clerk of the City of Azusa, and Secretary of the Redevelopment Agency of the City of Azusa, do hereby certify that the foregoing joint Resolution No. 03-R33 was duly adopted by the City Council of the City of Azusa and the Redevelopment Agency of the City of Azusa at a regular meeting thereof, held on the 15u' day of September, 2003 by the following vote , to wit: AYES: COUNCILMEMBERS: HARDISON, STANFORD, ROCHA, MADRID NOES: COUNCILMEMBERS: NONE ABSTAIN: COUNCILMEMBERS [e EveWN 41121 ABSENT COUNCILMEMBERS: N Vera Mendoza City Clerk APPROVED AS TO FORM: BEST BEST & KRIEGER LLP AUUJ� I? - Sonia R. Carvalho City Attomey Redevelopment Agency of the City of Azusa 0 0 Exhibit "A" FIRST AMENDMENT TO THE IMPLEMENTATION PLAN FOR THE CENTRAL BUSINESS DISTRICT AND WEST END REDEVELOPMENT PROJECT AREAS The Five Year Implementation Plan 2000-2004 ("Implementation Plan"), adopted by the Agency on February 7, 2000, is hereby amended as follows: The following shall replace the first two sentences of the second paragraph on page 3: "The Azusa Central Business District Redevelopment Project Area was adopted in 1978 and amended on eight separate occasions to add territory or revise the terms of the original plan. The project area encompasses the historic downtown and a variety of non-contiguous sites." 2. Revise the Central Business District Redevelopment Project Area Map on page 4 to include the Added Areas. 3. The fifth and sixth paragraphs on page 9 shall be amended to read as follows: "The Central Business District and West End Redevelopment Projects have a combined tax increment limit of $178.9 million, exclusive of the areas added by the Eight Amendment to the Central Business District Redevelopment Project which has no limit. For the period between 2000 and 2004, the Agency is projected to collect over $3 million in tax increment annually in the two projects." 3. The second sentence in the second paragraph on page 1 1 shall read as follows: "The maximum limit for the Merged Project Area is $68 million and $7.5 million for the Ranch Center Project Area." 4, The following shall be added after the first sentence of the third paragraph on page 13: "The second Implementation Plan, which cover the period between 2000 to 2004, and the first amendment to the Implementation Plan, which covered the areas added by the Eighth Amendment, provided additional information on the blighted conditions of the project area." 5. Program (g) and its status on page 21 shall be deleted.