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HomeMy WebLinkAboutC- 8 Staff Report Autorize Transmital of the Preliminary Report Central Business DistrictAGENCY CONSENT ITEM TO: THE HONORABLE CHAIRMAN AND MEMBERS OF THE AGENCY BOARD FROM: MICHAEL HENNESSEY, ECONOMIC DEV./REDEVELOPMENT DIRECTOR JOSE AMADOR, ECONOMIC DEV./REDEVELOPMENT ASSISTANT DIRECTOR VIA: RICK COLE, EXECUTIVE DIRECTOR DATE: JUNE 2, 2003 SUBJECT: RECOMMENDATION TO AUTHORIZE THE TRANSMITTAL OF THE “PRELIMINARY REPORT FOR THE PROPOSED AMENDMENT TO THE CENTRAL BUSINESS DISTRICT AND WEST END REDEVELOPMENT PROJECTS” TO THE AFFECTED TAXING ENTITIES. RECOMMENDATION The City of Azusa Redevelopment Agency recommends that the Agency Board adopt a resolution (attached) authorizing transmittal of the attached “Preliminary Report for the Proposed Amendments to the Central Business District and the West End Redevelopment Projects” (The Preliminary Report) to affected taxing agencies. BACKGROUND The redevelopment plan amendment process involves three interrelated processes: the taxing agencies consultation process, environmental review, and the citizen participation process. From these processes, various documents are prepared that provide analysis and input on the purpose, scope, and content of the amended redevelopment plans (“the Plans”). Final proposed amendments to the Central Business District and West End redevelopment project areas will emerge from the analysis and input provided by these documents. One of the document’s that elicit input and analysis for the final proposed amendment is the Preliminary Report. This document is required by Community Redevelopment Law to be submitted to taxing agencies that will be affected by the amendments to the redevelopment plans. The document allows taxing entities to assess the financial impact the Plans will have on them. It provides information on program needs, goals, activities, and cost. The submittal of the Preliminary Report to the taxing agencies is significant to the consultation phase of the amendment process, and the input and analysis resulting from these consultations will shape the final amendments to the Central Business District and West End redevelopment projects. FICAL IMPACT The expenditures for this action have been budgeted as part of the redevelopment plan amendment effort and include the cost for copying, postage, mailing supplies and staff time. The proposed amendment to the redevelopment plan will provide the Agency with the ability to obtain additional property tax increment revenue in the future. Exhibits: A Resolution B Preliminary Report Resolution No. A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA APPROVING THE PRELIMINARY REPORT FOR THE PROPOSED AMENDMENTS TO THE REDEVELOPMENT PLANS FOR THE MERGED CENTRAL BUSINESS DISTRICT AND WEST END REDEVELOPMENT PROJECTS WHEREAS, pursuant to Sections 33354.6 and 33344.5 of the California Community Redevelopment Law (Health and Safety Code Section 33000 et seq.), the Redevelopment Agency of the City of Azusa has prepared a preliminary report for transmittal to the affected taxing agencies on the proposed Amendments to the Redevelopment Plans for the Merged Central Business District and West End Redevelopment Projects. NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA DOES RESOLVE AS FOLLOWS: Section 1. The Preliminary Report on the proposed Amendments to the Redevelopment Plans for the Merged Central Business District and West End Redevelopment Projects is hereby approved and adopted by the Agency in the form attached hereto. Section 2. The Executive Director is hereby authorized and directed to transmit the Preliminary Report to each affected taxing agency for purposes of consultation. PASSED, APPROVED, AND ADOPTED this day of , 2003. Chair ATTEST: Secretary Exhibit A