CC - 2000-33 - Electing to Recieve A Share of Tax Increment Allocated Pursuant to Redevelopment Plan Project Area No 2RESOLUTION NO. 2000-33
A RESOLUTION OF. THE CITY COUNCIL OF THE CITY OF ROSEMEAD
ELECTING TO RECEIVE A SHARE OF TAX INCREMENT ALLOCATED
PURSUANT TO THE REDEVELOPMENT PLAN FOR THE ROSEMEAD
REDEVELOPMENT PROJECT AREA NO. 2
WHEREAS, the Rosemead Redevelopment Agency (the "Agency") has -proposed the - -
adoption of a Redevelopment Plan for Rosemead Redevelopment Project Area No. 2 (the
"Plan"); and
WHEREAS, the City Council and Agency have held a joint public hearing on the proposed -
Plan to consider comments and testimony on the Plan and on the Report prepared by the
Agency; and - - - -
WHEREAS, the City Council can, by resolution, elect to receive a share of the tax
increment for the first ten years of the Plan as authorized by Health & Safety Code Section
33607.5 (b) equal to 20% of the amount it would have received on the growth in assessed value
in the Project Area.
- - NOW,. THEREFORE,- IT IS HEREBY RESOLVED by the City Council of the City-of
Rosemead as follows: -
Section 1: The City Council elects to receive its prorated share of the tax increment as
authorized by Health & Safety Code Section 33607.5 (b).
- - Section 2:--The City Clerk-shall certify to the adoption of-this resolution.-
PASSED, APPROVED AND ADOPTED this kith day of June 2000.
Mayor
ATTEST: City of Rosemead
City Cle OF-
City of Rosemead
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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 Resolution No. 2000-33 being:
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD,
ELECTING TO RECEIVE A SHARE OF TAX INCREMENT ALLOCATED
PURSUANT TO THE REDEVELOPMENT PLAN FOR THE ROSEMEAD
REDEVELOPMENT PROJECT AREA NO. 2
was duly adopted at an Adjourned Regular Meeting of the City Council and Regular Meeting of
the Rosemead Redevelopment Agency on the 13`s day of June, 2000, by the following vote to
wit:
YES:
COUNCILMEMBERS:
VASQUEZ, BRUESCH, CLARK, IMPERIAL,
NO:
COUNCILME MBERS:
TAYLOR
ABSTAIN:
COUNCILMEMBERS:
NONE
ABSENT:
COUNCILMEMBERS:
NONE
NANCY VAL ERRAMA, CITY CLERK
AGENDA:CERTIFY
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