2004 ORD O-11-04 - Laserfiche WebLink

Browse Search

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 ORDINANCE NO. 0-11-04 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF COLTON, CALIFORNIA, AMENDING CERTAIN TIME LIMITATIONS TO THE REDEVELOPMENT PLANS FOR THE MT VERNON CORRIDOR PROJECT AREA PURSUANT TO SB 1045. 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") established the Mt Vernon Corridor Redevelopment Project Area by Ordinance No. 0-8-87 on June 30, 1987 (the "Redevelopment Plan"); and WHEREAS, paragraph (a) of Section 33333.6 of the CRL requires that plans adopted on or before December 31, 1993 terminate at a date that shall not exceed 40 years from the adoption of the redevelopment plan or January 1, 2009, whichever is later and paragraph (b) of Section 33333.6 of the CRL requires that plans adopted on or before December 31, 1993 limit the receipt of tax increment to a period of ten years after the termination of effectiveness of the redevelopment plan; and WHEREAS, paragraph (2) of Section 33333.2 of the CRL requires that plans adopted on or after January 1, 1994 terminate at a date that shall not exceed 30 years from the adoption of the redevelopment plan and paragraph (3) of Section 33333.2 of the CRL requires that plans adopted on or after January 1, 1994 limit the receipt of tax increment to a period of 45 years after the adoption of the redevelopment plan; and WHEREAS, the California Senate by Senate Bill 1045, Statutes of 2003, Chapter 260 requires a redevelopment agency to make an allocation in the 2003-04 fiscal year to the Education Revenue Augmentation Fund, based on a statewide aggregate allocation of $135,000,000; and WHEREAS, the Agency is required to deposit $281,857 into the Educational Revenue Augmentation Fund by May 10, 2004 to meet its requirements under Senate Bill 1045; and WHEREAS, Senate Bill 1045 additionally amended the CRL to allow the legislative body to amend their redevelopment plans to extend the time limits required pursuant to paragraphs (a) and (b) of Section 33333.6 and paragraphs (2) and (3) of Section 33333.2 of the CRL by one year by adoption of an ordinance without complying with Section 33354.6 or Article 12 or any other provision of this part relating to the amendment of RNPUB/MXM/653630 1