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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />WHEREAS, the time limit on the duration of the <br />Plan required by Section 33333.6 does not exceed the time limit <br />set forth in Section 33333.6 and therefore no amendment of said <br />provisions of the Redevelopment Plan is necessary. <br />BE IT ORDAINED BY THE MAYOR AND CITY COUNCIL OF THE CITY OF <br />COLTON, STATE OF CALIFORNIA, AS FOLLOWS: <br />Section 1. A new Paragraph is hereby added to <br />Subsection VI.0 of the Redevelopment Plan to read as follows: <br />The Agency shall not pay indebtedness or receive <br />property tax increment revenues pursuant to Health and safety <br />Code Section 33670 after ten (10) years from the termination of <br />the effective date of the Redevelopment Plan. <br />Section 2. The City Clerk is hereby directed <br />to send a Certified copy of this Ordinance to the Agency. <br />Section 3. Effective Date. This Ordinance <br />shall be in full force and effect thirty (30) days after its <br />passage. <br />Section 4. Publication. The City Clerk is <br />hereby ordered and directed to certify to the passage of this <br />Ordinance and cause the same to be published once in a newspaper <br />of general circulation published and circulated in the City of <br />Colton California. <br />- 2 - <br />