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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 />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />ORDINANCE NO. 0-18-99 <br />AN ORDINANCE OF THE CITY OF COLTON, CALIFORNIA <br />AMENDING CERTAIN TIME LIMITATIONS WITH RESPECT TO <br />THE REDEVELOPMENT PLAN FOR THE WEST VALLEY <br />REDEVELOPMENT PROJECT <br />WHEREAS, the Redevelopment Agency for the City of Colton (the "Agency") has <br />formulated, prepared and approved the Redevelopment Plan for the West Valley <br />Redevelopment Project. (the "Redevelopment Plan"); and <br />WHEREAS, the Mayor and City Council of the City of Colton (the "City Council'), <br />approved and adopted the Redevelopment Plan pursuant to a duly enacted Ordinance July 15, <br />1986; and <br />WHEREAS, the Mayor and City Council approved and adopted an amendment adding <br />territory to the Redevelopment Plan pursuant to a duly enacted ordinance dated June 30, 1987; <br />ESTI <br />WHEREAS, Section 33333.6 of the California Health and Safety Code ("Community <br />Redevelopment Law") has established certain limitations on incurring and repaying of <br />indebtedness and the duration of redevelopment plans, which apply to every redevelopment <br />plan adopted on or before December 31, 1993; and <br />WHEREAS, the City of Colton previously adopted Ordinance No. 0-25-94 and <br />Ordinance No. 0-26-94 on December 20, 1994 to comply with certain time limitations for <br />redevelopment plans pursuant to Section 33333.6; and <br />WHEREAS, recent amendments to Section 33333.6 provides that redevelopment plans, <br />adopted prior to January 1, 1994 and which have limitations shorter than the terms provided for <br />in Section 33333.6, may be amended by a legislative body by the adoption of an Ordinance on <br />