HomeMy WebLinkAboutResolution No. 2018-C35RESOLUTION NO. 2018-C35
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA,
CALIFORNIA, MAKING AN ELECTION TO RECEIVE PAYMENTS PURSUANT
TO HEALTH AND SAFETY CODE SECTIONS 33607.7 AND 33607.5 FOR THE
MERGED CENTRAL BUSINESS DISTRICT AND WEST END
REDEVELOPMENT PROJECT AREA
WHEREAS, the former Azusa Redevelopment. Agency ("Agency") created a redevelopment
plan for the Merged Central Business District and West End Redevelopment Project Area ("Project
Area"), which was amended multiple times after January 1, 1994 to add territory and extended the time
limit on establishing indebtedness and extended the duration of the plan, among other things; and
WHEREAS, Section 33607.7 of the Health and Safety Code provides that if the Agency amends
the redevelopment plan to increase the limitation on the number of dollars to be allocated to the Agency,
or eliminates the time limit on the establishing of loans, advances and indebtedness, or lengthens the
period during which the Redevelopment Plan is effective, and no pass through agreement exists, the
amounts required pursuant to subdivisions (b); (c) (d) and (e) of Section 33607.5 must be paid to each
affected taxing entity, including the City, if the City elects to receive such tax increments; and
WHEREAS, for redevelopment plans adopted or amended to add territory on or after January 1,
1994, Health and Safety Code section 33607.5 provides that in any fiscal year in which a redevelopment
agency receives tax increment revenues, the community that has adopted 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"); and
WHEREAS, the City of Azusa is an affected taxing entity under Section 33607.5.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
AZUSA AS FOLLOWS:
Section 1: The Recitals set forth above are true and correct and are incorporated into this
Resolution by this reference.
Section 2: Pursuant to Health and Safety Code Sections 33607.7 and 33607.5, the City Council
hereby elects to receive its share of the twenty-five percent (25%) tax increment pass-through payment
authorized by Health and Safety Code Section 33607.5(b) commencing with the first fiscal year the
Agency is required to make such payments to the affected taxing entities and continuing each year
thereafter.
Section 3: The City Council authorizes and direct the City Manager to take any further actions
and execute any documents necessary to implement this Resolution including, without limitation,
submitting a copy of this Resolution to the Los Angeles County Auditor -Controller.
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PASSED, APPROVED and ADOPTED this 16th day of April 2018.
Ya
eph Romero Rocha
yor
ATTEST:
J e Awr40meo"Jr4'
City Clerk
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF AZUSA )
I HEREBY CERTIFY that the foregoing Resolution No. 2018-C35 was duly adopted by the
City Council of the City of Azusa at a regular meeting thereof, held on the 16th day of April 2018, by
the following vote of the Council:
AYES: COUNCILMEMBERS: GONZALES, CARRILLO, MACIAS, ALVAREZ, ROCHA
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
APPROVED AS TO FORM:
�- i.
Best BestKrieger, LLP
City Attort y
24563 5.09000\3 08 3 1634.2