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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 />16i <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 />ORDINANCE NO. 0-10-04 <br />AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF <br />COLTON, CALIFORNIA, AMENDING CERTAIN TIME <br />LIMITATIONS TO THE REDEVELOPMENT PLANS FOR THE <br />COOLEY RANCH PROJECT AREA PURSUANT TO SB 1045. <br />WHEREAS, the Redevelopment Agency for the City of Colton ("the Agency') is <br />a public body, corporate and politic, formed, organized, existing and exercising its powers <br />pursuant to the California Community Redevelopment Law, Health and Safety Code, Section <br />33000, et seq. (the "CRL"); and <br />WHEREAS, the City Council of the City of Colton (the "City') established the <br />Cooley Ranch Redevelopment Project Area by Ordinance No. 1478 on July 29, 1975 (the <br />"Redevelopment Plan"); and <br />WHEREAS, paragraph (a) of Section 33333.6 of the CRL requires that plans <br />adopted on or before December 31, 1993 terminate at a date that shall not exceed 40 years <br />from the adoption of the redevelopment plan or January 1, 2009, whichever is later and <br />paragraph (b) of Section 33333.6 of the CRL requires that plans adopted on or before <br />December 31, 1993 limit the receipt of tax increment to a period of ten years after the <br />termination of effectiveness of the redevelopment plan; and <br />WHEREAS, paragraph (2) of Section 33333.2 of the CRL requires that plans <br />adopted on or after January 1, 1994 terminate at a date that shall not exceed 30 years from <br />the adoption of the redevelopment plan and paragraph (3) of Section 33333.2 of the CRL <br />requires that plans adopted on or after January 1, 1994 limit the receipt of tax increment to a <br />period of 45 years after the adoption of the redevelopment plan; and <br />WHEREAS, the California Senate by Senate Bill 1045, Statutes of 2003, <br />Chapter 260 requires a redevelopment agency to make an allocation in the 2003-04 fiscal <br />year to the Education Revenue Augmentation Fund, based on a statewide aggregate <br />allocation of $135,000,000; and <br />WHEREAS, the Agency is required to deposit $281,857 into the Educational <br />Revenue Augmentation Fund by May 10, 2004 to meet its requirements under Senate Bill <br />1045; and <br />WHEREAS, Senate Bill 1045 additionally amended the CRL to allow the <br />legislative body to amend their redevelopment plans to extend the time limits required <br />pursuant to paragraphs (a) and (b) of Section 33333.6 and paragraphs (2) and (3) of Section <br />33333.2 of the CRL by one year by adoption of an ordinance without complying with Section <br />RNPUB/MXM/653630 1 <br />