HomeMy WebLinkAboutOrdinance No. 2250 ORDINANCE NO. 2250
AN ORDINANCE OF THE CITY OF AZUSA APPROVING
AND ADOPTING AMENDMENT NO. V TO THE
REDEVELOPMENT PLAN FOR THE AZUSA CENTRAL
BUSINESS DISTRICT REDEVELOPMENT PROJECT
WHEREAS, the Redevelopment Agency of the City of Azusa hereinafter referred to as
the "Agency", has formulated and prepared the proposed Amendment No. V to the
Redevelopment Plan for the Azusa Central Business District Redevelopment Project,
hereinafter referred to as the "Redevelopment Plan Amendment"; and
WHEREAS, the Planning Commission of the City of Azusa submitted its report and
recommendation finding the proposed Redevelopment Plan Amendment to be in
conformance with the General Plan and recommending approval of said proposed
Redevelopment Plan Amendment; and
WHEREAS, the Agency has adopted rules governing participation and rules for
reasonable reentry preferences for property owners, operators of businesses and tenants in
the Azusa Central Business District Redevelopment Project Area as amended; and
WHEREAS, the Agency has adopted a Relocation Method which identifies the methods
of administration and benefits to be provided all persons who may be caused to be displaced
resulting from Agency acquisition of certain property; and
WHEREAS, the Agency submitted to City Council of the City of Azusa hereinafter
referred to as the "City Council," said proposed Redevelopment Plan Amendment; and
WHEREAS, the Agency has submitted the Report to City Council accompanying the
proposed Amendment Numbers IV and V to the Redevelopment Plan to the City Council; and
WHEREAS, that Report describes the conditions of blight existing within the Amended
Project Area; and
WHEREAS, after due notice, a Joint Public Hearing has been held by the Agency and
the City Council; and
WHEREAS, all actions required by law have been taken by all appropriate public
agencies; and
WHEREAS, after said Joint Public Hearing, the Agency approved said Redevelopment
Plan Amendment and recommended adoption of said Redevelopment Plan Amendment to the
City Council.
NOW, THEREFORE, THE PEOPLE OF THE CITY OF AZUSA ORDAIN AS FOLLOWS:
SECTION 1. The purpose and intent of the City Council with respect to the
Amendment No. V to the Redevelopment Plan for the Azusa Central Business District
Redevelopment Project Area, hereinafter referred to as the "Project Area" are:
(a) To eliminate and prevent the spread of physical and economic blight and
deterioration by promoting and encouraging the revitalization or redevelopment
of currently deteriorated or underutilized areas within the Project Area;
(b) To encourage new commercial and industrial development within the Project
Area to provide additional employment and service opportunities;
(c) To improve the overall economic health of Azusa by providing new employment
opportunities, personal income, and municipal revenues; and
(d) To redevelop, rebuild, and/or construct public facilities in the Project Area.
SECTION 2. The City Council hereby finds and determines that:
(a) The Project Area is a blighted area for the reasons described in the Report to
the City Council accompanying Amendment Numbers IV and V to the Redevelopment Plan
for the Azusa Central Business District Redevelopment Project, the redevelopment of which
is necessary to effectuate the public purposes declared in the California Health and Safety
Code, Section 33000 et seq.;
•
(b) The Redevelopment Plan Amendment will redevelop the Project Area in
conformity with the California Health and Safety Code, Section 33000 et seq. in the interest
of the public peace, health, safety, and welfare;
(c) The adoption and carrying out of the Redevelopment Plan is economically sound
and feasible;
(d) The Redevelopment Plan conforms to the General Plan of the City of Azusa;
(e) The condemnation of real property, as provided for in the Redevelopment Plan,
is necessary for the execution of the Redevelopment Plan Amendment and adequate
provisions have been made for payment for property to be acquired as required by law;
(f) Inclusion of any land, buildings, or improvements which are not detrimental to
the public health, safety, or welfare is necessary for the effective redevelopment of the
area of which they are a part; that any such area included is necessary for effective
redevelopment and is not included for the purposes of obtaining the allocation of tax
increment revenues from such area pursuant to Health and Safety Code, Section 33670,
without other substantial justification for its inclusion.
(g) The elimination of blight and the redevelopment of the Project Area cannot
reasonably be expected to be accomplished by private enterprise acting alone without the
aid and assistance of the Agency.
SECTION 4. The Amendment No. V to the Redevelopment Plan for the Azusa
Central Business District Redevelopment Project provides for the expenditure of money by
the City of Azusa in carrying out the Redevelopment Plan Amendment, and authorizes the
City to financially assist the Agency by way of loans, grants, or other financial assistance.
The City Council hereby provides that such financial assistance to the Agency shall be made
from time to time as the City Council shall determine to be necessary, and that all such
financial assistance shall be deemed to be loans to the Agency based on terms to be
established by an agreement between the City and Agency, unless the City Council shall
provide in specific cases that such assistance shall be treated other than as a loan.
SECTION 5. In order to implement and facilitate the effectuation of the
Redevelopment Plan Amendment hereby approved and adopted, it is found and determined
that certain official actions must be taken by the City Council with reference to, among
other things, changes in zoning, the placement and/or relocation of sewer and water mains
and other public facilities, and other public actions, as necessary, and accordingly, the City
Council hereby:
(a) Declares its intention to undertake and complete any proceedings necessary to
be carried out by the City of Azusa under the provisions of the Redevelopment Plan
Amendment; and
(b) Requests the various officials, departments, boards, and agencies of the City of
Azusa having administrative responsibilites for the City likewise to cooperate to such end
and to exercise their respective functions and powers in a manner consistent with the
Redevelopment Plan Amendment.
SECTION 6. The City Council is convinced that the effect of tax increment
financing will not cause a severe financial burden or detriment on any taxing agency
deriving revenues from the Project Area.
SECTION 7. All written and oral objections to the Redevelopment Plan
Amendment hereby are overruled.
SECTION 8. The City Clerk hereby is directed to send a certified copy of this
Ordinance to the Agency, and the Agency is hereby vested with the responsibility for
carrying out the Redevelopment Plan Amendment.
SECTION 9. The City Clerk hereby is directed to record with the County
Recorder of Los Angeles County a description of the land within the Amended Project Area
and a statement that the proceedings for the redevelopment of the Project Area have been
instituted under the California Health and Safety Code, Section 33000 et seq. The Agency
hereby is directed to effectuate recordation in compliance with the provisions of Section
27295 of the Government Code to the extent applicable.
SECTION 10. The Community Development Department through the Building and
Safety Division is hereby directed for a period of two years after the effective date of this
Ordinance to advise all applicants for building permits within the Project Area that the site
for which a building permit is sought for the construction of buildings or for other
improvements is within a Redevelopment Project Area.
SECTION 11. The City Clerk is hereby directed to transmit a copy of the
description and statement recorded pursuant to Section 33373 of the Health and Safety Code
of the State of California, a copy of this Ordinance and a map or plat indicating the
boundaries of the Amendment No. V Redevelopment Project Area to the Auditor and Tax
Assessor of the County of Los Angeles; to the officer or officers performing the functions of
auditor or assessor for any taxing agencies which, in levying or collecting its taxes, do not
use the County Assessment Roll or do not collect their taxes through the County; to the
governing body of each of the taxing agencies which levies taxes upon any property in the
Azusa Central Business District Amendment No. V to the Redevelopment Project Area and
to the State Board of Equalization. Such documents shall be transmitted as promptly as
practicable following the adoption of this Ordinance, but in any event, such documents shall
be transmitted within 30 days following the adoption of the Redevelopment Plan
Amendment.
SECTION 12. The Mayor shall sign this Ordinance and the City Clerk shall cause
the same to be published within fifteen (15) days after its passage at least once in the Azusa
Herald, a newspaper of general circulation published in the City of Azusa, California.
APPROVED and ADOPTED this 17th day of December , 1984.
THE CITY OF AZUSA
By:
X �-Q-AL
Ma kr
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF AZUSA )
I, ADOLPH A. SOLIS, City Clerk of the City of Azusa, do hereby certify that the
foregoing Ordinance No. 2250 was regularly introduced and placed upon its first reading
at a regular meeting of the City Council on the 3rd day of December , 1984. That
thereafter said Ordinance was duly adopted and passed at an adjourned regular meeting of
the City Council on the 17th day of December , 1984, by the following vote to
wit:
AYES: COUNCILMEMBERS: CRUZ , COOK, CAMARENA, LATTA, MOSES
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
/ d,..,A$
City Clerk
APPROVED AS TO FORM: 171;(4, A,
1-24-41-1L--
City Attorney
saw
AMENDMENT NO. V
TO THE
REDEVELOPMENT PLAN FOR THE
AZUSA CENTRAL BUSINESS DISTRICT REDEVELOPMENT PROJECT
September, 1984
Prepared by:
CITY OF AZUSA REDEVELOPMENT AGENCY
213 E. Foothill Blvd.
Azusa, California 91702
and
MUNICIPAL SERVICES, INC.
712 No. Diamond Bar Blvd.
Diamond Bar, California 91765
AMENDMENT NO. V
TO THE
REDEVELOPMENT PLAN FOR THE
AZUSA CENTRAL BUSINESS DISTRICT REDEVELOPMENT PROJECT
INTRODUCTION
On May 23, 1984, the Planning Commission for the City of Azusa adopted Resolution No.
2021, selecting boundaries for Amendment No. V to the Azusa Central Business District
Redevelopment Project and approving a Preliminary Redevelopment Plan. The Azusa
Redevelopment Agency received the Preliminary Plan on June 4, 1984, and authorized
transmittal of the documents required under Section 33328 of the California Health and
Safety Code. The documents were transmitted to the State Board of Equalization, County
Auditor, Assessor, Tax Collector, and other affected taxing entities on June 5, 1984. The
State Board of Equalization accepted the project for filing on June 13, 1984.
Amendment No. V amends the Azusa Central Business District Redevelopment Project Area
to include the 38.5+ acre site, formerly occupied by the Miller Brewery. Miller Brewery
relocated its $18.3 million facility in 1980 to neighboring Irwindale, resulting in a significant
loss of employment and tax revenues. To mitigate the negative impact of the Miller
Brewery relocation, the Agency is concurrently processing Amendment No. IV to the Azusa
Central Business District Redevelopment Project, deleting the subject property from the
Amendment No. II to the Azusa Central Business District Redevelopment Project Area.
Amendment No. IV will be considered by the Agency and City Council prior to Amendment
No. V.
The public improvement costs necessary to redevelop the subject property are extra-
ordinary. The private sector has been unable to develop the site without significant
Redevelopment Agency assistance. The site suffers from economic blight, meaning that
there are inadequate public improvements which cannot be remedied by the public or private
sectors acting alone. As a result, the property remains underutilized, depriving the City of
needed jobs and municipal revenues and thereby imposing a greater burden upon the City to
provide public services to its citizens.
- 1 -
AZUSA CENTRAL BUSINESS DISTRICT REDEVELOPMENT PROJECT
The original Redevelopment Plan for the Azusa Central Business District Redevelopment
Project was adopted by the City Council on September 18, 1978. The Redevelopment Plan
has since been amended three times: Amendment No. I on July 2, 1979; Amendment No. II on
July 20, 1981; and Amendment No. III on November 28, 1983. Amendment No. IV is being
concurrently processed with Amendment No. V, and action will be taken on Amendment No.
IV prior to consideration of Amendment No. V. The Azusa Central Business District
Redevelopment Project, as amended through Amendment No. IV, is incorporated herein by
reference, and all amendments proposed as part of Amendment No. V affect only the
sections specifically cited.
AMENDMENTS TO THE REDEVELOPMENT PLAN FOR THE AZUSA CENTRAL BUSINESS
DISTRICT REDEVELOPMENT PROJECT AS PREVIOUSLY AMENDED BY AMENDMENTS
NO. I, H, HI, AND IV
The Redevelopment Plan for the Azusa Central Business District Redevelopment Project, as
previously amended (hereinafter "Redevelopment Plan"), is hereby amended as hereinafter
set forth:
Amendment No. 1
Section 200, PROJECT AREA BOUNDARY, is hereby amended by adding after the legal
description for Area 18, the legal description of Area 19, as set forth in the Legal
Description of Area 19 attached hereto and incorporated herein as Exhibit "A". The
Amendment No. V Project Area boundaries are depicted on Exhibit "B", Project Area Map.
Amendment No. 2
The Redevelopment Plan is hereby amended by deleting therefrom Section 500, METHODS
FOR FINANCING THE PROJECT, which states:
- 2 -
"V. (S 500) METHODS FOR FINANCING THE PROJECT
A. (S 501) General Description of the Proposed Financing Methods
The Agency is authorized to finance this Project with financial assistance from the
City, State of California, property tax increments, interest income, Agency bonds, or any
other available source.
Advances and loans for survey and planning and for the operating capital for nominal
administration of this Project have been and are to be provided by the City until adequate
tax increments or other funds are available or sufficiently assured to repay the loans and to
permit borrowing adequate working capital from sources other than the City. The City as it
is able will also supply additional assistance through City loans and grants for various public
facilities.
As available, gas tax funds from the State of California and the County of Los Angeles
will be used for the street system. Also, all or a portion of the parking may be installed
through a parking authority or otherwise.
The Agency is authorized to issue bonds if appropriate and feasible in an amount
sufficient to finance all or any part of the Project.
• 4
The Agency is authorized to obtain advances, borrow funds and create indebtedness in
carrying out this Plan. The principal and interest on such advances, funds, and indebtedness
may be paid from tax increments or any other funds available to the Agency.
B. (S 502) Tax Increments
All taxes levied upon taxable property within the Project area each year by or for the
benefit of the State of California, County of Los Angeles, City of Azusa, any district, or
other public corporation (hereinafter sometimes called "taxing agencies") after the effective
date of the ordinance approving this Redevelopment Plan, shall be divided as follows:
- 3 -
(1) That portion of the taxes which would be produced by the
rate upon which the tax is levied each year by or for each
of said taxing agencies upon the total sum of the assessed
value of the taxable property in the Redevelopment
Project as shown upon the assessment roll used in
connection with the taxation of such property by such
taxing agency, last equalized prior to the effective date
of such ordinance, shall be allocated to and when
collected shall be paid into the funds of the respective
taxing agencies as taxes by or for said taxing agencies on
all other property are paid (for the purpose of allocating
taxes levied by or for any taxing agency or agencies which
did not include the territory of the Project on the
effective date of such ordinance but to which such
territory is annexed or otherwise included after such
effective date, the assessment roll last equalized on the
effective date of said ordinance shall be used in determin-
ing the assessed valuation of the taxable .property in the
Project on said effective date); and
(2) That portion of said levied taxes each year in excess of
such amount shall be allocated to and when collected shall
be paid into a special fund of the Agency to pay the
principal of and interest on bonds, loans, monies advanced
to, or indebtedness (whether funded, refunded, assumed or
otherwise) incurred by the Agency to finance or
refinance, in whole or in part, this Redevelopment
Project. Unless and until the total assessed value of the
taxable property in the Project exceeds the total assessed
value of the taxable property in the Project as shown by
the last equalized assessment roll referred to in paragraph
(1) hereof, all of the taxes levied and collected upon the
taxable property in the Project shall be paid into the
funds of the respective taxing agencies. When said bonds,
- 4 -
L"
loans, advances and indebtedness, if any, and interest
thereon, have been paid, all monies thereafter received
from taxes upon the taxable property in the Project shall
be paid into the funds of the respective taxing agencies as
taxes on all other property are paid.
(3) That portion of tax revenues allocated to the Agency
pursuant to paragraph (2) above which is attributable to
increases in the rate of tax imposed for the benefit of any
affected taxing agency which levy occurs after the tax
year in which the ordinance adopting this Plan becomes
effective, shall be allocated to such affected taxing
agency to the extent said taxing agency has elected in the
manner required by law to receive such allocation.
That portion of taxes mentioned in paragraph (2) is hereby irrevocably pledged for the
payment of the principal of and interest on the advance of monies, or making of loans, or
the incurring of any indebtedness (whether funded, refunded, assumed, or otherwise) by the
Agency to finance or refinance the Project in whole or in part.
The Agency is authorized to make such pledges as to specific advances, loans and
indebtedness as appropriate in carrying out the Project.
Taxes shall be allocated and paid to the Agency consistent with the provisions of this
Plan only to pay the principal of and interest on loans, monies advanced to, or indebtedness
(whether funded, refunded, assumed, or otherwise) incurred by the Agency to finance or
refinance, in whole or in part, the Redevelopment Project.
The number of dollars which may be divided and allocated to the Agency pursuant to
California Health and Safety Code Section 33670 shall not exceed $28,900,000, without an
amendment of this Redevelopment Plan.
The amount of bonded indebtedness, to be repaid in whole or in part from such
allocation of taxes, which can be outstanding at one time shall not exceed $10,000,000,
without an amendment of this Redevelopment Plan.
- 5 -
The Agency does not intend to use taxes allocated to the Agency pursuant to this
Section 502 which are attributable to Areas 4 through 8 inclusive of the Project Area to
finance or refinance the Redevelopment Project. The Agency shall take such actions as are
necessary or appropriate to relinquish the amount of such taxes attributable to Areas 4
through 8 inclusive to the affected taxing agencies. Notwithstanding the foregoing
provision, the relinquishment by the Agency of the amount of taxes attributable to Areas 4
through 8 inclusive shall be subordinate to any pledge of tax increments from the
Redevelopment Project to pay any portion of the principal and/or interest of any bond or
bonds issued or sold by the Agency. The Agency shall in good faith diligently attempt to
market such bond or bonds in a manner such that sufficient tax increments remain available,
after the first pledge of tax increments to the bond holders, to reimburse the appropriate
affected taxing agencies the amount of taxes attributable to Areas 4 through 8 inclusive.
C. (S 503) Other Loans and Grants
Any other loans, grants, guarantees or financial assistance from the United States or
any other public or private source will be utilized if available as appropriate in carrying out
the Project.
D. (S 504) Mortgage Revenue Bonds:
Use of Certain Funds
The Agency is empowered under the Redevelopment Law and the provisions of this
Redevelopment Plan to issue revenue bonds for the purpose of financing certain residential
construction. All funds derived by the Agency from financing residential construction
within Areas 4 through 8 inclusive of the Project area which are in excess of the Agency's
costs of implementing such financing, shall be used by the Agency for the purposes of
increasing and improving the City's supply of housing for persons and families of low or
moderate income and very low income households.
In carrying out the purposes of this Section, the Agency may exercise any or all of its
powers, including the following:
1. Acquire land or building sites.
- 6 -
2. Improve land or building sites with onsite or offsite
improvements.
3. Donate land to private or public persons or entities.
4. Construct buildings or structures.
5. Acquire buildings or structures.
6. Rehabilitate buildings or structures.
7. Provide subsidies to or for the benefit of persons or
families of very low, low, or moderate income.
8. Develop plans, pay principal and interest on bonds, loans,
advances or other indebtedness, or pay financing or carry-
ing charges.
The Agency may use the funds referred to in this Section to meet, in whole or in part,
the provisions of Sections 332 and 333 of this Redevelopment Plan."
and substituting in lieu thereof the following:
"V. (S 500) FINANCING MECHANISMS AND LIMITATIONS
A. (S 501) General Description of the Proposed Financing Method
The Agency is authorized to finance the Azusa Central Business District
Redevelopment Project with assistance from the City of Azusa, County of Los Angeles,
State of California, United States Government, or any other public agency. The Agency is
also authorized to use revenue from property tax increments, interest income, Agency
issued notes and bonds, or from any other available sources of financing which are legally
available and which do not conflict with the objectives of the Azusa Central Business
District Redevelopment Plan.
- 7 -
The City may supply advances and expend money as necessary to assist the Agency in
carrying out this project. Such assistance shall be on terms established by an agreement
between the City of Azusa and the Redevelopment Agency of the City of Azusa.
The Agency may use tax increment revenues inside the Project Area, or, upon
resolution of the Agency and the City Council that such use will be of benefit to the
Project, outside the Project Area. Tax increment revenues will be available to the Agency
to pay for infrastructure, public improvements, land acquisition if necessary, and other
implementation activities. Such project costs may be paid for as tax revenues are received
or, by issuing long or short term debts secured by the tax revenue flow.
Other financing methods may be used along or in combination with tax increment
financing. These include mortgage revenue bonds which do not rely upon the Agency's tax
increment revenues or other resources, but rather on the credit of the private development
financed. Mortgage revenue bonds may be issued by the Agency for any commercial,
industrial, or manufacturing project within the Project Area, and may provide construction
as well as permanent financing for the projects. These are attractive to private businesses
because they can finance plant and equipment costs at below market interest rates, thereby
reducing the overall project development costs. Certificates of Participation, another tax-
exempt Agency financing technique, can also be issued to provide below-market interest
rate financing to construct or rehabilitate projects with no interest rate limitation. Recent
federal legislation, however, has somewhat restricted the availability of these financing
tools. State and federal grants such as the Urban Development Action Grant (UDAG) or
Community Development Block Grant (CDBG) programs may be used to provide additional
funds.
B. (S 502) Tax Increments
The original Redevelopment Plan for the Azusa Central Business District
Redevelopment Project was adopted by the City Council on September 18, 1978. The
Redevelopment Plan has since been amended five (5) times, including this Amendment
No. V. The ordinance number, the adoption date of the ordinance, and the base year
assessment roll for tax allocation purposes for the original project area and each of the
amended project areas are shown below. Amendment No. IV involves only a detachment of
property from the existing project area, therefore, no base year is shown.
- 8 -
Redevelopment Plan/ Adopted by Base Year
Amendment Ordinance No. Adoption Date Assessment Roll
Original 2062 September 18, 1978
Amendment No. I 2077 July 2, 1979 1980-1981
Amendment No. II 2113 July 20, 1981 1980-1981
Amendment No. III 2197 November 28, 1983 1983-1984
Amendment No. N 2249 December 17, 1984 Not Applicable
Amendment No. V 2250 December 17, 1984 1984-1985
Pursuant to Section 33670 of the California Health and Safety Code, all taxes levied
upon taxable property within the Azusa Central Business District Project Area, as amended,
each year by or for the benefit of the State of California, County of Los Angeles, City of
Azusa, any district or other public corporation (hereinafter sometimes called "taxing
agencies") after the effective date of the ordinance approving the Plan or Amendment as
noted above shall be divided as follows:
(1) That portion of the taxes which would be produced by the
rate upon which the tax is levied each year by or for each
of the taxing agencies upon the total sum of the assessed
value of the taxable property in the redevelopment
project as shown upon the assessment roll used in
connection with the taxation of such property by such
taxing agency, last equalized prior to the effective date
of said ordinances, shall be allocated to and when
collected shall be paid into the funds of the respective
taxing agencies as taxes by or for said taxing agencies on
all other property are paid (for the purpose of allocating
taxes levied by or for any taxing agency or agencies which
did not include the territory in a redevelopment project
on the effective date of such ordinances but to which such
territory has been annexed or otherwise included after
such effective date, the assessment roll of the County of
Los Angeles last equalized on the effective date of the
ordinances shall be used in determining the assessed
valuation of the taxable property in the project on said
effective date); and
- 9 -
1 C,
(2) That portion of the levied taxes each year in excess of
such amount shall be allocated to and when collected shall
be paid into a special fund of the Redevelopment Agency
to pay the principal of and interest on loans, monies
advanced to, or indebtedness (whether funded, refunded,
assumed, or otherwise) incurred by such Redevelopment
Agency to finance or refinance, in whole or in part, such
redevelopment project. Unless and until the total
assessed valuation of the taxable property in a redevelop-
ment project exceeds the total assessed value of the
taxable property in such project as shown by the last
equalized assessment roll referred to above, all of the
taxes levied and collected upon the taxable property in
such redevelopment project shall be paid into the funds of
the respective taxing agencies. When such loans,
advances and indebtedness, if any, and interest thereon,
have been paid, all monies thereafter received from taxes
upon the taxable property in such redevelopment project
•
shall be paid into the funds of the respective taxing
agencies as taxes on all other property are paid.
(3) That portion of tax revenues allocated to the Agency
pursuant to paragraph (2) above which is attributable to
increases in the rate of tax imposed for the benefit of any
affected taxing agency which levy occurs after the tax
year in which the ordinance adopting this Plan becomes
effective, shall be allocated to such affected taxing
agency to the extent said taxing agency has elected in the
manner required by law to receive such allocation.
That portion of taxes discussed above is hereby irrevocably pledged for the payment of
the principal of and interest on the advance of monies, or the making of loans, or the
incurring of any indebtedness (whether funded, refunded, assumed, or otherwise) by the
Agency to finance or refinance in whole or in part the Azusa Central Business District
Redevelopment Project Area. The Agency is authorized to make such pledges as to specific
- 10 -
advances, loans, and indebtedness as appropriate in carrying out the project, subject to the
limitations on allocation of taxes, debt creation, and bonded indebtedness contained in this
Redevelopment Plan.
C. (S 503) Loans and Grants
Any other loans, grants, or financial assistance from the United States, or any other
public or private source will be utilized subject to the limitations of Section 505 hereafter
as the Agency deems appropriate to its purposes.
D. (S 504) Issuance of Bonds and Notes
The Agency may issue bonds or notes when a determination has been made that such
financing is required and feasible. Such bonds or notes shall be issued only after the Agency
has determined that funds are, or will be, available to repay principal and interest when due
and payable. In any case, the issuance of bonds or notes shall be subject to the limitations
stipulated in Section 505 hereafter.
E. (S 505) Financing Limitations
Consistent with Sections 33333.2 and 33334.1 of the California Community
Redevelopment Law, the following limitations are imposed on this Plan:
- Taxes as defined in Section 33670 of the California Community Redevelopment Law
shall not be divided and shall not be allocated to the Agency in excess of $28,900,000,
except by amendment of this Plan.
- No loans, advances, or indebtedness to finance in whole or in part the Azusa Central
Business District Redevelopment Project Area, and to be repaid from the allocation of
those taxes described in the before-mentioned Section 33670 shall be established or
incurred by the Agency beyond twenty (20) years from the date of adoption of this
Amendment No. V to the Redevelopment Plan by the City Council unless the time
limitation is extended by amendment of this Plan. However, such loans, advances, or
indebtedness may be repaid over a period of time longer than such time limit.
- 11 -
�... `.
irew
The Agency does not intend to use taxes allocated to the Agency pursuant to this
Section 502 which are attributable to Areas 4 through 8 inclusive of the Project Area
to finance or refinance the Redevelopment Project. The Agency shall take such
actions as are necessary or appropriate to relinquish the amount of such taxes
attributable to Areas 4 through 8 inclusive to the affected taxing agencies.
Notwithstanding the foregoing provision, the relinquishment by the Agency of the
amount of taxes attributable to Areas 4 through 8 inclusive shall be subordinate to any
pledge of tax increments from the Redevelopment Project to pay any portion of the
principal and/or interest of any bond or bonds issued or sold by the Agency. The
Agency shall in good faith diligently attempt to market such bond or bonds in a manner
such that sufficient tax increments remain available, after the first pledge of tax
increments to the bond holders, to reimburse the appropriate affected taxing agencies
the amount of taxes attributable to Areas 4 through 8 inclusive.
From time to time as may be appropriate, the Agency may issue bonds and/or notes
for any of its corporate purposes. The Agency may issue such types of bonds on which
the principal and interest are payable in whole or in part from tax increments. The
total outstanding principal of any bonds, so issued and repayable from said tax
increments, shall not exceed $10,000,000 at any one time except by amendment of this
Plan.
Amendment No. 3
The Redevelopment Plan Map for the Azusa Central Business District Redevelopment
Project adopted on September 18, 1978, by Ordinance No. 2062, amended on July 2, 1979, by
Ordinance No. 2077, on July 20, 1981, by Ordinance No. 2113, on November 28, 1983, by
Ordinance No. 2197, and on December 17, 1984 by Ordinance Numbers 2249 and 2250, is
hereby deleted and the Redevelopment Plan Map attached hereto and incorporated herein as
Exhibit "C" is substituted in lieu thereof.
- 12 -
•
( Exhibit A
The following is a legal description of the former Miller Brewery Property
in the City of Azusa, California:
That portion of Lot 42 , 54 and 55 of Subdivision No. 2 Azusa Land
and Water Company in the City of Azusa , County of Los Angeles,
State of California, as per map recorded in Book 43, Page 94 of
Maps in the Office of the County Recorder of said County described
as follows:
Beginning at the northwest corner of the intersection of the west-
erly right-of-way line of Vernon Avenue (65 feet wide) and the
northerly right-of-way line of 8th Street (30 feet wide) ; thence
westerly along the northerly right-of-way line of 8th Street 963
feet more or less to a point, said point being the intersection
of the northerly right-of-way line of 8th Street and the easterly
right-of-way line of Georgia Place (30 feet wide) ; thence northerly
along said easterly right-of-way line of Georgia Place 35. 64 feet
to the southerly lot line of Lot 55 of Subdivision No. 2 Azusa Land
and Water Company; thence westerly 1246 . 29 feet more or less along
the southerly lot lines of Lots 42 and 55 of Subdivision No. 2
Azusa Land and Water Company, to a point, said point being on the
easterly right-of-way line of Loren Avenue (60 feet wide) ; thence
northerly along said easterly right-of-way line of Loren Avenue 60 feet;
thence easterly 263 . 40 feet along a line parallel to and 60 feet from
the northerly line of Lot 2 of Tract No. 14072 in the City of Azusa,
as shown on a map recorded in Book 282, Pages 20-21 of Maps in
the Office of the Los Angeles County Recorder; thence due north
1000 feet more or less to a point, said point being on the southerly
right-of-way line of the Southern Pacific Transportation Company
right-of-way (100 feet wide) ; thence southeasterly along said
southerly right-of-way line to its intersection with the westerly
right-of-way line of Vernon Avenue (65 feet wide) ; thence southerly
along said westerly right-of-way line through all its various
courses to the Point of Beginning.
1
•
AmendmenN ,5 to the Azusa Ce t r ti 3usiness District
_
1 Redevelopment Project Area '
1 t i cRA1E J
It_�E tr. L. t V ALA 1
•I
1
se, 64s.
I ! '` i
I 1 1,.0I rd r,''-� �_
I 'Th-t---I116?‘ • `-
•
74,46141• i
i /`1 �I ?-
�k--------
� r - CC YWEL T H
t...% to.... . ,....
.,-R
W _Q i- V 15TABc
41 I 56 si/ 0 6 6 ( 1 -
] 2 .
I ELE ENTH
l,LJ am
(t o ,
- � 53O�1V 2672.5+ < Q
.
�t
1 a/ WITH IT•
rr !
.`__\ 11 .--43"rE'R
37-1)
71.5, k > TENTH
,. L...„,,, ..1.0
w _
NORTHERLY F Z
{1 2 ill .
IOOC�9�± �� K G c'�-Sc,NT�-u1 _ m D
14l`F-60 IN ` ' `t
0
70' a • endment No. 5 n�NTH ' ''—
EASTERLY NO o
263.40± \` SOUTH RLY
NORTHERLY WEST -- Y 1246.•3-+��`•} %i M A�Y T
60.00 —� 608 I �� Q 9WEST i' Y 65�FGN
1 =M Fie 24' /NNS 00, o
Ia < 60' O >Z • � �� !
Z z 3 Z el
It n scar .� 43 tIIIN:;tk
TAI.‘"----1 ST PICT W Y• R. frl.,.1°r--
ol
A-t
+ FOOTHILL BLVD. : " Qc 25
. o� 1 �• �/f�nn9 Zl ` �..l�l
1
• `_
Project Area Map Exhibit B
ill I 1 i
Exhibit C
•
CITY OF AZUSA
LEGEND
wlrurr Mop a
• Amos C..h.I FwM..MYON 414 .1 ...M.,MI
. CITY 0 F Mau Wool Ind M O...lorw..l...,.01
Azusa 11N1.1r.1...2..1 Away
•
2,1•40*24
Azusa Central Business A j U SA _-b_ _°_�"� '-ga' 1222(r� x �mae--- ...—........,,2442 w.., OF
District Project Area :"'°"..A�
• .•. nee e• p..-
._._ .. __ - qlr ,..., ...... •I.2141
Azusa West 'End r —
Jroject Area 2_ _D .. .
{
•
A
a :
.41'4'2 412224
4444.. I -- ---t---- --- ..J
R
. 1 PA CEL 2 I*
.story „r or
u`
h
22 213....- -- --
ii...,..r. 7, ,7-...... ,..N5711,17
r
7 U.0 0 r'
." . . . \ ,
17,,:y„,./, ".
•
ARE -19. .. . // '''t ! . 1,,t-...2n1T, . _ . .
r
,d i, ;(7--` it ._..
.....',....... ... '1,11112e
• • 1
• star, \.....,i i ,..-...s..,,,
I
' sst
.s„..?/ \\:Iii
li I
/i..
1 •••••,...1: '. . . rni i '....: .• Dry Or ilabi A
11 I, ..- ,
•-....---
- ,,--_s .1'
:1 ..‘...‘\‘‘ \\\ Illi.1
,
---..-- ..
--- ..=---:. • : a
II 14 . .. ' •-. 1 I /
.7 IIC.212.1. avl ...."'".•
NIU }----1
.7'•-•. \1 \ - I I
ilk•ss."..N.. I/ - / .
IMII MEM ,-- --."----
11- •
,
Y.:L. :
je
7/ =
! t ;
- •
,
E ,,,.! .. ., k
I, t : - • . . \
.
] i
',.. . '.:•.t.',"•'
l'••••,..• al
''
_II - - _-- - _I 1 1
s 13„usum_tal :4 11«
.2] ir. : i
.11 ,1 4 : i
Fe. -..
•"•-•T• — - -
j
f : m:s k
r . i f.
.., r•,, , . a\ .
• 1-----,-7-1--L -1=7: . ,..--,A,
, ••-i Li .
,,
- 4
_ , t
] • t .
I li t t ....1 ,..-.-- \ .,. 4
\ : • !
7 I I 1 i. i 6•
iii a 0 ri 1.,z ,r_ _ __fr
--- '-' r - \‘ -^ -
4
-• . , ; -Fig , \\
-( -
,, •-: ' Pl.,,. 1 I
.. . „ _••_-_.- .
-.:- g .
;;•-..int.trir.a AP 1-,., ,.cri=anni7=41 L . ,.. . . • ,. \ - - i 1.... .-,.,
r. mink __-_ . __:_._ :.):_ ,_. .-._..0..
ilil• .3. AAJA,AKS,E , nil" - ,.L,...I-I.!' (--rw . . i . •
„......_.. ...,
-,-.--
---
.. .....-:-
.. .,
1 . nil . iv.= ,,41' -,':'
., .
Pr!"
j - , . I
‘',22,_ , -7., 7
11 _ - ... 1
,.,LD ._..77_7 I .*-:t I :, -r...1, 4.0.1!„. -.7'-•-•'''
' - - ' i•-. 0.
. , Ili . .... . ,
.....0 • i _J Lil ' i 11 ill"- '.9 '
1 .......1•M•11. 1• I J s IMP •
t, Millanie JAI\‘, •" ; AA, ...
ir .1.1.1111 '...- 111114 \ ,,. : . 1.6-• [-. n.• If'
:-.-• . .- ri 4.1 .1'4(§ ',, , g .. ...41 Ai r
' 1111 rill; 511 .
. 1 i
Iffigisoust mumw-mi
1
- wn ''', 16-..• a
swam IIIIIIIE Mal- 1 C---E F=31
IA VS.A. 2.4..........-0
A:3 ---- ‘241.4111. : . , ., :, 1...t, usgsissmak some ems= ussuit-,111111111p MEM , IW a -:,..----------
- 1g, -:-.. 1 IMENSIMENS 1 2 MINNE;i__ MOM I MINK ME Milk— :,..
. ....... L „1; 2 • -
INT II i Zi 1 ...---- 11111111 = ILA ..Hinnallic an"F. 1,.,,,:
g ..., r.....,.....11.1 T 1L IC ' AM _II
L'Ae•-i----- \ ,. ,--11j-fr-1
1111 .,....,... # ,,
r ][ _AIF_i F.17L'''
71- -_-_--1
-- ,.
-_-_,,,,. rl • 111 111111
• — .. •
L1111-1kw: . ,.. . . - - ,-
-
rifler
.
. :. Illt, rel
I ! ir!'"" ‘ ,
.I'
\ tett ....„...,,.. O11111•11116 i 1 .• W...'
III ii , ‘ 1 ' C--:1,40 :I
I.' . ,,... rry,,c.. Tillium 7E..... unlit F____;4/ . ,,,,..„
• 'i
‘,, l• 11 F--' MC: a g if 1. 1
" — 6i': r. •4 E t. ' '(=nt; .7", • I
----1. I
1 1-,-; ll
. _sv
. 1
(17 1, 1.1
_ •.: ' , 4 ,. .„ ___
L
.
:,,,,,*...,..‘, 1 r, , II.- .
....a OGUAl .
'1 A
:4•.,a,... ‘‘ I 1:11 ii. Rimy :
11 E. c II. E. .: lir;ff,
11b \\\
•bik.- \\\‘\ I.al! ak: 11. , 1,...li ,,:. n
. : ‘‘ .. . .
, c — i,1
I I
1 •••• I I \\\
t.LA A..\\ \\1 •
\\ ,., : I -._-,-
„ j •
.31 imam. ' I.
• ,, . ‘„ I ,1 1
' li
r--- \
g eimi
''..1117.i• —11g,_. . ,„ c•`,.. '' • • I i I ell" ela
Tel
- t•IAT,III
.1:
4.4
.. ..., •
• 1,i ‘ ,:.--
1 1‘ 1
aPR
s I A.. ..111
7/I if \\\ 11-1 Ili 1 r-i n rl I I rThri El x‘ 1
. .
• _ _. _ ... - - - ,
__.
• • _ . ,