CC - Item 3B - Amending Part 6 of the redevelopment plan for project area 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 1 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 b
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(g) 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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U4UNCH. AGENDA
JUL 13 2004
ITEM Rlo. --F
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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 2 ph day of July, 2004.
Mayor, City of Rosemead
ATTEST:
City Clerk
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