Ordinance No. 832 - Redevelopment Plan for Project Area No. 1ORDINANCE NO. 832
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
ROSEMEAD AMENDING PART 6 OF THE REDEVELOPMENT PLAN
FOR PROJECT AREA NUMBER I IN ACCORDANCE WITH SECTION
33333.6(e)(2)(C) OF THE COMMUNITY REDEVELOPMENT LAW
THE CITY COUNCIL OF THE CITY OF ROSEMEAD DOES ORDAIN AS
FOLLOWS:
• Section 1. The City Council finds, determines and declares that this Ordinance is
enacted pursuant to the authority of Health and Safety Code section 33333.6(e)(2)(C) as
amended by SB 1045 for the purpose of amending the Redevelopment Plan for Project
Area 1, as enacted by Ordinance No. 340 on June 27, 1972, and subsequently amended,
by extending the duration of the Redevelopment Plan's effectiveness and the duration of
the receipt of tax increment.
Section 2. Part 6, entitled " DURATION OF REDEVELOPMENT PLAN'S
EFFECTIVENESS of the Redevelopment Plan is hereby amended to read as follows:
DURATION OF REDEVELOPMENT PLAN'S EFFECTIVENESS
Notwithstanding any provisions of this Plan to the contrary, consistent with
section 33333.6 of the California Community Redevelopment Law, the
. following limitations are imposed on this Plan:
This Plan, including the land use and development control
provisions, shall be effective until June 27, 2013. After June
27, 2013, the Agency shall have no authority to act pursuant
to this Plan except to pay previously incurred indebtedness
and to enforce existing covenants, contracts or other
obligations, provided, however, that this prohibition shall not
limit actions designed to eliminate housing program project
deficits or to implement a replacement housing program, as
more particularly authorized by section 33333.6(8) of the
Community Redevelopment Law.
The Agency shall not pay indebtedness or receive property
taxes pursuant to section 33670 after June 27, 2023, the date
that is ten years from the termination of the effectiveness of
this Plan, provided, however, that this prohibition shall not
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limit allocation of taxes for the purpose of eliminating housing
program project deficits or implementing a replacement
housing program, as more particularly authorized by section
33333.6(g) of the Community Redevelopment Law, nor shall it
limit allocation of taxes to pay indebtedness incurred prior to
January 1, 1994, including the indebtedness incurred by
Redevelopment Project Area No. 1 Tax Allocation Bonds,
Series 1993A and Redevelopment Project Area No. 1 Taxable
Tax Allocation Refunding Bonds, Series 1993B."
Section 3. The City Clerk shall certify to the adoption of this Ordinance and cause
• the same to be processed in accordance with state law.
PASSED, APPROVED and ADOPTED this 27" day of July, 2004.
ti
Mayor, C' of Rosemead
ATTEST:
22- I hereby certify that the foregoing Ordinance No.
• rc~$3~ was duly and regularly adopted by the
City Clerk Rosemead City Council ar a regular meeting held on
the 27th day of July 2004, by the following vote:
Yes: Clark, Imperial, Taylor, Alarcon, Vasquez
No: None, Absent: None, Abstain: None
City Clerk
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STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF ROSEMEAD
I, Nancy Valderrama, City Clerk of the City of Rosemead, do hereby certify that the
foregoing Ordinance No. 832 being:
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD
AMENDING PART 6 OF THE REDEVELOPMENT PLAN FOR PROJECT AREA
NUMBER I IN ACCORDANCE WITH SECTION 33333.6(e)(2)(c) OF THE
COMMUNITY REDEVELOPMENT LAW
• was duly adopted at a regular meeting of the Rosemead City Council on the 27'h day of July, 2004
by the following vote to wit:
YES: COUNCILMEMBERS, VASQUEZ, ALAReON CLARK, IMPERIAL,
TAYLOR
NO: NONE
ABSENT: NONE
ABSTAIN: NONE
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• City Clerk