HomeMy WebLinkAboutResolution No. 08-C0510
RESOLUTION NO. 08-051
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A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA ELECTING
TO RECEIVE ALL OR A PORTION OF THE TAX REVENUES PURSUANT TO
HEALTH AND SAFETY CODE SECTIONS 33676 AND 33607.5 FROM THE
AGENCY FOR THE ADDED AREA OF THE MERGED CENTRAL BUSINESS
DISTRICT AND WEST END REDEVELOPMENT PROJECT AREA .
WHEREAS, the City Council of the City of Azusa ("City Council") and the
Redevelopment Agency of the City of Azusa ("Agency") have undertaken the required steps
for the adoption of an Amended and Restated Redevelopment Plan ("Plan Amendment')
for the Merged Central Business District and West End Redevelopment Project ("Project
Area"), which is the proposed 14th Amendment to Central Business District and 9th
Amendment to the West End Redevelopment Projects; and
WHEREAS, the Agency adopted a resolution on January 7, 2008 establishing a survey
area for the study of areas to be added to the Project Area; and
WHEREAS, the Planning Commission adopted the Preliminary Plan by resolution on
January 30, 2008, which selected the 15.1 acres of territory to be included in the Central
Business District portion of the Project Area ("Added Area"), the re -instatement of eminent
domain authority on two (2) commercial properties, and the proposed amendment to the
tax increment limit for the Project Area; and
WHEREAS, the Plan Amendment has been prepared in accordance with the
provisions of California Community Redevelopment Law, Health and Safety Code Sections
33000, et seq. ("CRL") and proposes to include the Added Area in the Redevelopment Plan
for the Project Area, re -instate eminent domain authority on two (2) commercial properties
along Foothill Boulevard in the West End Project, and increase the tax increment limit for
the Project Area (excluding the areas added by the 8`" Amendment to the Central Business
District and the current Plan Amendment Added Area) from $114.9 million to $300 million;
and
WHEREAS, Section 33676 of the CRL provides that prior to the adoption of a
redevelopment project or adoption of an amendment to add territory, an affected taxing
agency may elect to receive, in addition to the portion of taxes allocated to the affected
taxing agency pursuant to Section 33670(a) of the CRL, all or any portion of the tax
revenues allocated to the Agency pursuant to Section 33670(b) of the CRL, which are
attributable to the tax rate increases imposed for the benefit of the taxing agency after the
tax year in which the ordinance adopting the redevelopment plan becomes effective
("Increases"); and
WHEREAS, for redevelopment plans adopted or amended to add territory on or after
January 1, 1994, Section 33607.5 of the CRL provides that in any fiscal year in which a
redevelopment agency receives tax increment revenues, the community that has adopted
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the redevelopment project area or amendment area may elect to receive, and the agency
shall pay it, an amount equal to twenty-five percent (25%) of its proportionate share of the
tax increments received by the Agency after the amount required to be deposited in the
Low and Moderate Income Housing Fund has been deducted ("City Election").
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF AZUSA, CALIFORNIA,
DOES FIND AND DECLARE THAT:
Section 1. The City elects to receive all Increases and the City Election as defined
herein with respect to property taxes paid from the Added Area.
Section 2. The City Council directs staff to transmit a copy of this Resolution to
the Executive Director of the Agency and the Los Angeles County Auditor Controller.
PASSED, APPROVED AND ADOPTED this 16`h day of June, 2008 by the City Council
of the City of Azusa.
osep R. Rocha, Mayor
I HEREBY CERTIFY that the foregoing Resolution No. 08-051 was duly adopted at a
regular meeting of said City Council on the 16`h day of June, 2008, by the following vote of
the Council:
AYES: COUNCILMEMBERS: CARRILLO, MACIAS, ROCHA
NOES: COUNCILMEMBERS: NONE
ABSTAIN: COUNCILMEMBERS: GONZALES, HANKS
ABSENT: COUNCILMEMBERS: NONE