Laserfiche WebLink
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 />RESOLUTION NO. R-31-93 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br />OF COLTON PROTESTING THE STATE LEGISLATURE'S <br />SCHEME SET FORTH IN SENATE BILLS 617 AND 844 <br />WHICH REDIRECTS LOCAL CITY AND REDEVELOPMENT <br />PROPERTY TAX REVENUES TO FUND <br />CONSTITUTIONALLY MANDATED OBLIGATIONS OF THE <br />STATE AND DIRECTING THAT CERTAIN ACTIONS BE <br />TAKEN WITH REGARD THERETO. <br />WHEREAS, on September 3, 1992, the California State <br />Legislature approved Senate Bills 617 and 844 as urgency <br />statutes and, on September 14, 1992, the Governor approved <br />Senate Bills 617 and 844; and <br />WHEREAS, the purpose of Senate Bills 617 and 844 is to <br />shift $1.3 billion in local property tax revenues from cities, <br />counties, special districts, and redevelopment agencies to a <br />newly created Educational Revenue Augmentation Fund ("ERAF") so <br />that the State could meet its constitutionally imposed <br />obligation to fund public education; and <br />WHEREAS, Secnate Bills 617 and 844 will reduce the property <br />tax increment revenues available to California redevelopment <br />agencies in 1992-93 by $205 million; and <br />WHEREAS, with regard to the City of Colton ("City") Senate <br />Bill 617 requires the County of San Bernardino to withhold <br />$227,527.00 in local property tax revenue in 1992-93, which <br />otherwise would have been available for purposes of local <br />redevelopment activities within the community; and <br />