1574 - Laserfiche WebLink

Browse Search

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 I 20 21 22 23 24 25 26 27 28 ORDINANCE. NO. 1574 ORDINANCE. OF THE CITY COUNCIL OF THE CITY OF COLTON APPROVING AND ADOPTING AMENDMENT NO. 2 TO THE REDEVELOPMENT PLAN FOR THE COOLEY RANCH_, PROJECT NO, 4 WHEREAS, the City Council of the City of Colton (!"'this City Council") has approved and adopted the Redevelopment Plan for the Cooley Ranch., Project No. 4 (the "Re.development Plan") pursuant to Ordinance No. 1478 adopted by the Mayor and Council of the City of.Colton on July 29, 1975; and WHEREAS, the Redevelopment Agency for theCityof Colton (the "Agency") pursuant thereto has filed the appropriate documents pursuant to Section 33375 of the Health and Safety Code. and Section 54900 et seq., of the Government Code; and WHEREAS, the base year for taxes allocated to the Agency pursuant to Section 33670 of the Health and Safety Code is the 1975-76 tax year and such tax allocation monies have been remitted by the County of San Bernardino (the "County") and received by the Agency under the Community Redevelopment Law of the State of California; and WHEREAS, the Agency, Staff and City Council, prior to and at the time of adoption of the Redevelopment Plan, intended that the Redevelopment Plan be sufficient authority for the allocation of taxes pursuant to Section 33670 of the Health and Safety Code, but that the Agency be precluded from issuing tax allocation bonds (as defined in Amendment No. l to the Redevelopment Plan) payable from tax allocation revenues pursuant to Section 33641(c) of the Health and Safety Code and issued under the provisions of Section 33640 et se , of the Health. and Safety Code, and