Ordinance No. 822 - Redevelopment Plan for Project Area No. 1ORDINANCE NO. 822
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) 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) 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 eliminating therefrom the
Redevelopment Plan's January 1, 2004 time limit on the establishment of loans, advances,
and indebtedness.
Section 2. The Redevelopment Plan is hereby amended by deleting the provisions in
Part 6, entitled "FINANCING LIMITATIONS AND DURATION OF
REDEVELOPMENT PLAN'S EFFECTIVENESS" that were added by Ordinance No. 752
adopted December 20, 1994, and replacing said provisions with the following:
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, 2012. After June
27, 2012, 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(g) of the
Community Redevelopment Law.
The Agency shall not pay indebtedness or receive property
taxes pursuant to section 33670 after June 27, 2022, the dat4
that is ten years from the termination of the effectiveness of
this Plan, provided, however, that this prohibition shall not
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. I Tax Allocation Bonds,
Series 1993A and Redevelopment Project Area No. I 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
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ATTEST:
City clerk
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF ROSEMEAD
is I, Nancy Valderrama, City Clerk of the City of Rosemead, do hereby certify that the
foregoing Ordinance No. 822 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) OF THE
COMMUNITY REDEVELOPMENT LAW
was duly adopted at a regular meeting of the Rosemead City Council on the 22nd day of January
2002, by the, following vote to wit:
YES: COUNCILMEMEERS, VASQUEZ, BRUESCH, CLARK, IMPERIAL
NO: TAYLOR
ABSENT: NONE
ABSTAIN: NONE
CITY CLERK