(5)AR 060507 Time Limit - Laserfiche WebLink

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ITEM #5 ORDINANCE NO. 0-04-07 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF COLTON, CALIFORNIA, ELIMINATING THE TIME LIMIT FOR ESTABLISHING LOANS, ADVANCES AND OTHER INDEBTEDNESS TO BE REPAID WITH TAX INCREMENT REVENUES UNDER THE REDEVELOPMENT PLAN FOR THE WEST VALLEY REDEVELOPMENT PROJECT PURSUANT TO HEALTH AND SAFETY CODE SECTION 33333.6(e)(2)(B) WHEREAS, the Redevelopment Agency for the City of Colton ("the Agency") is a public body, corporate and politic, formed organized, existing and exercising its powers pursuant to the California Community Redevelopment Law, Health and Safety Code Section 33000, et seq. (the CRL"); and WHEREAS, the City Council of the City of Colton (the "City") adopted the Redevelopment Plan for the West Valley Redevelopment Project by Ordinance No. 0-9-87 on June 30, 1987 (the "Redevelopment Plan"); and WHEREAS, the Redevelopment Agency for the City of Colton (the "Agency") is engaged in activities necessary to implement the Redevelopment Plan; and WHEREAS, the Redevelopment Plan currently provides, among other things, that the authority to establish loans, advances or other indebtedness to be repaid from property taxes received by the Agency pursuant to the Redevelopment Plan expires on June 30, 2007 (the "Debt Incurrence Deadline"); and WHEREAS, pursuant to CRL Section 33333.6(e)(2)(B), the Debt Incurrence Deadline may be eliminated by adoption of an ordinance ("Ordinance") of the City Council of the City, and WHEREAS, pursuant to CRL Section 33333.6(e)(2)(B), when adopting this Ordinance, neither the City Council of the City nor the Governing Board of the Agency is required to comply with CRL Sections 33354.6 or 33450, et seq., or any other provision of the CRL relating to the amendment of redevelopment plans, except that the Agency must begin making the payments to affected taxing entities required by Section 33607.7; and WHEREAS, City staff has determined that eliminating the Debt Incurrence Deadline is an action exempt from the requirements of the California Environmental Quality Act ("CEQA"), pursuant to State CEQA Guidelines Section 15378(b), because such action constitutes the creation of a funding mechanism or other governmental fiscal activity that does not involve any commitment to any specific project which may result in a potentially significant physical impact on the environment;